₦airaland Forum

LeeSmart:
I'm actually confused on which of states in nigeria should i open my next wine store. My first store is located at surelere (Aborishade street) Lagos while the other is located in port harcourt (Arocchukwu street, amadi flat) Rivers state, to be honest wine business is a very lucrative business.
Pls feel free to suggest a state for me and who knows i might decide to go with ur suggestion nd open a wine store in ur state of residence.
Ps. Pls no mentioning of core northern state.

othermen:
Dividend paid is not an evidence of the performance of an entity, except if the management is charged with improving dividend per share. A company earnings per share is a better indicator of stewardship.

The low dividend pay-out remains contextual. If earnings are great, is it retained for investment or retained for growth opportunities or the company is just not key in committing to return values to shareholders?

Elumelu strategy might have been to pursue strategies that undervalue transcorp stock in the interim, so he can buy more shares at a lower price and deter dilution. This is market manipulation and if not pursued diligently, can be detrimental to the company’s performance or reputation or even to his own stake.

About the potential for greenmail, it would have been great if you suggested in your article how implementing policies such as poison pill or having a shareholder rights plan, may prevent such hostile takeovers. Similarly, you could have mentioned how Elumelu reaction or response could encourage other hostile investors to pursue similar action as Otedola, hoping to receive similar payout.

In addition, are the existing shareholders better off in the short- term? It is an important question because if Elumelu is buying back the stock at a premium, it means in the short term at the minimum, there is an increase in stock price.

However, it is important to clarify that it is not Elumelu that is buying back the shares held by Otedola. It is Transcorp that is buying it back and paying the premium, so the cost of the greenmail is on the company and its existing shareholders, rather than only on the existing majority shareholder.

Of coz, Elumelu is in charge of such decision, and now he has used the company fund to protect his own interest. Perhaps, in the dinner, Otedola would split the gain with Elumelu, and Elumelu will be better off from the expense of other ordinary shareholders.

agbaman1782:
Two weeks ago, Nigerians woke up to the news that billionaire investor Femi Otedola had acquired 5% of a conglomerate belonging to his brother and friend Tony Eluemelu.

It was an intriguing corporate drama that shocked, rocked, and rolled Nigeria’s capital markets.

Transcorp as a business initially denied it, and the reason is not far-fetched.

They did not see that chess move coming.

Even their chairman, Tony, was caught napping as he woke up to the news, just like many of us did.

The drama got the attention of the two business tycoons' mutual friends, who pleaded and intervened before a compromise was reached yesterday.

One of the terms of the compromise was Otedola exiting Transcorp and selling his shares back to his brother Tony at a premium, x6 of the market price.

It was said that Femi pocketed 32 billion naira, which will be paid installmentally from the deal.

I think it is important that we examine the drama and see if there is any lesson to unpack from it.

1) Aside from his eyes set on the three power plants owned by Transcorp, Femi’s other intention in moving for the total control of Transcorp is what is called Greemail in Finance.

What is "Greenmail"?

Greemail is the practice of buying enough shares in a company to threaten a takeover, forcing the owners to buy them back at a higher price in order to retain control.

Let me explain.

Chukwudi Iwuchukwu runs Visage Group.

A conglomerate with investment in manufacturing, real estate, power plants, and hospitality.

Visage Group is listed on the floor of the Nigerian Stock Exchange, and our shares are free float, which means that any investor can buy as many shares as he or she wants as they are not capped.

Business is good as we pay investors dividends at the end of the financial year.

Until one day, activist investor Femi Otedola remembers that we exist and then decides to come for us.

This is what he will do.

He would first start mopping up shares of Visage Group listed on the Nigerian exchange until he was able to amass a number of shares above what I own as the biggest investor and owner of the conglomerate.

Once he has achieved his goal of owning more majority shares than I do, Femi can attempt to take over my company by forcing the management to resign and appointing people loyal to him as their replacements.

In order to avoid losing Visage Group to Femi Otedola, I would then go into negotiations with him to buy the shares he mopped up, to buy them at premium price, above the market price at which he bought them.

For example, Femi bought Transcorp shares at 2 naira, but he settled at 12 naira, which is a decent profit by all standards.

With his money in the bag, Femi Otedola would leave us alone and then go to another vulnerable company.

This is what "greenmail" means, as it was alleged that it was one of the motivations that pushed Femi to go after his brother’s business, according to many observers.

2) One of the lessons brought to the fore by this drama is that Transcorp is not efficiently run and is not delivering value to its shareholders.

Transcorp owns three power plants at Ughelli, and two at Afam, with an installed capacity of 2,000 megawatts, which contributes 40% of the 5,000 megawatts that Nigeria generates daily.

However, the value of Transcorp shares at the stock exchange has been stagnant and less than 1 naira for for a long time and does not represent the value that Transcorp is offering to Nigeria's power sector.

The company has been paying a 1 naira per share dividend year in and year out.abide they became profitable under Tony.

And again, the total worth of Transcorp, which has three power plants and the Transcorp Hotel Abuja, is just 100 billion naira, with analysts pointing out that it is undervalued and not properly run, which is true.

Femi Otedola owns only one power plant, called Geregu.

It’s located in Kogi State and was listed last year.

Geregu generates 435 megawatts to 5,000 megawatts that Nigeria generates but guess what?

It is worth 800 billion naira at the stock exchange.

Since Gerugu was listed last year, it has paid dividends to shareholders only once, but it paid 20 naira for one share, while Transcorp, with three power plants and a higher installed megawattage, has been consistent in paying 1 naira per share.

The lesson is not lost on investors.

In his quiet times, I hope that Tony will pick up the lessons from the saga and then push the management of Transcorp to run the conglomerate more efficiently and to deliver value to shareholders who have been eager to see and hungry for the ROI in their investments.

3) The fear of Greenmail is why many successful entrepreneurs are shy about listing their company on the floor of Nigerian exchange.

You can lose your company to a hostile investor if you don’t have the capital to defend it and push back.

The fears are valid, but listing a successful business is one way to preserve wealth.

When I was young, I used to hear about Ugo Foams, Izuchukwu Transport, Ekene Dil Chukwu, and a host of other successful, indegenious businesses.

All those businesses are no more because the founder died, and so the business dies with it, but this could have been prevented if the founder insisted on structuring and listing the business on the flood of Nigerian stock exchanges.

"If you must sustain wealth, you need to list your company on the stock exchange."

A mentor once told Femi Otedola

But beyond this, Aliko Dangote and Abdul Samad Rabiu control 86% and 96% of their cement businesses listed at the Nigerian Stock Exchange, so their route of listing their businesses is another option gi study as you can list your business and still control it to avoid sharks taking advantage of your sweat through the back door.

It is good that the entertaining drama has come to an end.

I was entertained, and I believed you were too, with so many lessons to unpack from it.

But most importantly, I hope to see, in my lifetime, more entrepreneurs of my generation playing at the level where Tony and Femi are playing at the moment.

It is possible.

turmacs:
My boyfriends dog

We recently started dating about three months ago. I've visited his house quite a lot but his dog still doesn't like me. I expected after spending that long time with the dog, she would have gotten used to me but no, that dog still holds resentments towards me.

Anytime I come over, it starts barking uncontrollably. We can't even get intimate with peace of mind, it keeps barking at the doorstep while we are having sex in his room.

Until we're done and he (my boyfriend) goes out to attend to her. The dog does not allow me go near him anytime it's around always sitting next to him and growling anytime I'm close by.

I've suggested to him to kill the dog or sell it so i can have peace of mind but he said he loves the dog so much that the dog was his girlfriend before I came into his life as he had not been in any relationship before(I'm his first girl)...

I don't know what to do and I don't want to say I'm beginning to get tired of the relationship but I'm not happy. Had it been the kind of dog self was all this parlour dog or small dogs, I wouldn't have been complaining, but it's all this very big dogs. I think he said the specie is a boa bull or something...

Please I need advice...

PublicHealthNig:
https://www.publichealth.com.ng/8-diseases-a-prostitute-can-give-you-the-last-can-kill-in-days/

TheOlusanjo:
Nigerian comedian and skit maker, Mark Angel, has recently sparked a wave of nostalgia and admiration among fans after sharing a video showcasing the transformation of child comedian, Emanuella Samuel, who rose to fame through his comedy skits.

The young Emanuella became an instant internet sensation at a tender age, with her natural talent for comedy and relatable antics. Since then, she has grown and matured into a beautiful teenager, leaving fans in awe of her transformation.

Mark Angel shared a video on social media that displayed the evolution of Emmanuella from her early days as a child comedian to her current status as a successful and talented teenager.

The video featured a compilation of photos that highlighted her journey from a young girl with a funny bone to a teenager with a bright future ahead.

Watch video here: https://burbles.ng/2023/04/27/emanuella-is-now-a-big-girl-new-video-of-comic-star-stirs-reactions-on-social-media/

MasterTeeUSA:
NIGERIAN TRIBUNE

The World Bank says inflation in food prices remains high globally.

It made the declaration in its latest Food Security Update report issued on Wednesday.

“Information from the latest month between December 2022 and March 2023 for which food price inflation data are available shows high inflation in almost all low and middle-income countries.

“Inflation levels are greater than 5 per cent in 70.6 per cent of low-income countries and in 90.9 per cent of lower-middle-income countries.

“Inflation rate is also above 5 per cent in 87 per cent of upper-middle-income countries some of which are experiencing double-digit inflation,’’ it stated.

It stressed that about 84.2 per cent of high-income countries were experiencing high food price inflation.

“The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia,’’ the World Bank noted.

It quoted the Food and Agriculture Organisation (FAO) as stating that the benchmark index of international food commodity prices declined for the 12th consecutive month in March 2023.

“The FAO Food Price Index averaged 126.9 points in March 2023, a marginal 2.1 per cent decrease from February 2023 and a 20.5 per cent decrease from its peak in March 2022.

“The index, which tracks monthly changes in international commodity prices, indicated that a combination of factors, including ample supplies, subdued import demand, and extension of the Black Sea Grain Initiative, contributed to the decrease,’’ the bank stated.

It noted that in 2019 and before COVID-19, the FAO Food Price Index stood at 95.1 points.

As part of its global response to food security crisis, the World Bank announced in April 2022 that it would provide up to 30 billion dollars over 15 months, including 12 billion dollars in new projects.

The bank stated that the financing was to scale up short-term and long-term responses along four themes to boost food and nutrition security, reduce risks, and strengthen food systems.

“This will be done by supporting producers and consumers, facilitating increased trade in food and trade inputs, supporting vulnerable households, and investing in sustainable food and nutrition security.

“Between April and December 2022, the bank’s food and nutrition security commitments in new lending passed the 12 billion dollars mark with almost half of this for Africa, which is one of the regions hardest-hit by the food crisis.

“Some examples include the 766-million-dollar West Africa Food Systems Resilience Programme which is working to increase preparedness against food insecurity and improve the resilience of food systems in West Africa.


“The programme is increasing digital advisory services for agriculture and food crisis prevention and management.

“It is also boosting adaption capacity of agriculture system actors, and investing in regional food market integration and trade to increase food security,’’ it stated.

The World Bank added that an additional 345 million dollars is currently under preparation for Senegal, Sierra Leone, and Togo.

https://tribuneonlineng.com/food-price-inflation-remains-high-globally-world-bank/

PublicHealthNig:
this is true you can check Health Benefits of Unripe Plantain

NoHoper:
Acha...common in jos plateau state, but you can find it in major markets in major towns in the country.

Very low glycaemic index, ideal for diabetics.

Ada243:
I recently bought tiger nuts flour for swallow for an elderly man. Google about them, u could actually make them yourself.

Ada243:
Tiger nuts swallow, potatoes swallow, cauliflower swallow, cabbage swallow, eggplant swallow, look them up on google and make ur preference they are the most healthiest swallow for diabetes

dominique:
I wanted to suggest unripe plantain flour but you've already scratched it out. You can try couscous, just that it is not very popular here in the south but you can find it on shelves of malls and large stores. It's very cheap and easily available in the north.

DenreleDave:
My own experience as a lagosian who have lived in other states in Nigeria:

I don't see any reason why people are taking offenses in what @iDanDizzy said actually. For God sake, the guy is fv cking right. He bestly describe the normal lives of lagosian. I have lived in Lagos all my life, I'm a lagosian, I schooled in ogun state, I schooled in kano, I served in akwa ibom and to be honest, I enjoyed those states far better than Lagos. I feel sad dt lack of Job opportunities made me leave those states to come back to lagos and hustle. If not for money, I rather stay in akwa ibom and live a stress free life than lagos.

DenreleDave:
For me, I think this man is very much.. I am a Yoruba man and a lagosian at that and I agree with you dandizzy

Dear lagosians there are 36states in nigeria, nigeria does not start and end in lagos!! People live in calabar, porthacourt akwa ibom, enugu benin and delta&they have amazing lives and they do not drink yellow water and spend half of their lives in traffic or pay expensive rent.

https://twitter.com/iDanDizzy/status/1607708143093530625?t=-4wSgrm4Tg4qTcezR4LI9g&s=19[/quote]Akwa Ibom State is the largest producer of crude oil in Nigeria with 30% of total production, yet a lot of her indigenes live in Lagos, Ogun, Calabar, PH, Abuja, and other states, (thereby putting massive pressure on Lagos State's infrastructure for instance which had been upgraded by past civilian administrations of Lagos State since 1999).

Delta, Rivers, Bayelsa, Ondo, Edo,
Imo, and Abia come in that order in terms of crude oil production.

There's a need to decongest Lagos and make folks stay in their states and take advantage of the economic opportunities through the decentralisation of Nigeria.

Penguin2:
The son of the President-Elect of Nigeria, Oluwaseyi Tinubu’s company is being reported to be enmeshed in an $11million London property scandal; as reported by Bloomberg Africa.

https://www.bloomberg.com/news/articles/2023-05-02/a-1-8-billion-oil-probe-a-london-mansion-and-nigeria-s-next-president?srnd=politics-vp

BriskhoffBox:
Hello everybody. I'm back to talk more about how the Big Boys manipulate the market and how we can profit greatly by moving with them and never against them.

When it comes to analyzing the market, most Forex articles and "gurus" would tell you there are 2 types of market analysis.

1. Technical Analysis: These are analysis you do with technical tools available to you on your trading platform. There are thousands of technical tools out there. Some of the very common ones are your RSI, EMA, Fibonacci, MACD, Stochastic, TDI e.t.c

2. Fundamentals: These are basically news, most especially economics news around the world. They are capable of determining what would happen in the market.

After traders have been told all these about analysis. They always create a strategy or strategies around these technicals and fundamentals. This always marks the beginning of failure. Relying on technical analysis to trade is tantamount to treating the market like a simulation environment. You cant treat the market like a computer program. People are the ones using the power of money to move the market and not indicators. Indicators can only reveal the history and present of the market to you, it does not have the power to tell you the future. That is why even though your RSI has hit the overbought zone, it still keeps buying crazily. So RSI technical folks improved on the strategy and created divergence as a strategy. Yet buy divergence occur numerous times and buying still continues. The market refuses to reverse.

You can never predict human beings with just some sort of technical indicators. You can only predict human beings by thinking like a human being. Reading this proves you are a human being. So my dear, congratulations.

As awesome as the fundamental analysis is, the truth is THE BIG BOYS who I will begin from now on to call THE MARKET MAKERS do whatever they wish to do irrespective of what comes out as news. If the fundamentals is that magical, every body will be making profits as soon as a high impact news is released. The market movers only use some news to move crazily in a direction they've intended to move.

Listen, my point is not that both the technicals and fundamentals are completely useless. Rather, what I'm saying is nobody talks about the most important thing to learn as a trader which is THE PSYCHOLOGICAL ANALYSIS. While you as a retail trader is playing this game with technicals and fundamentals, the MARKET MAKERS only play with your psychology and who we know who wins all the time and who loses most times.

With just the psychological analysis only, you are good to go. Then if you understand a few technicals and fundamentals, it makes you close to perfection. But, with just the technicals and fundamentals, it will be difficult for you to make profits consistently.

THE MARKET PSYCHOLOGY/WHAT THE MARKET MAKERS DO

You see Forex Trading is a platform created by the Rich to take everything away from the poor. Years ago, you can't trade the market with less than a million dollars and with your one million dollars, you are just a poor man in the pool of those crazy Billionaires. But now, they've made it easy for eveeybody to play tge game no matter how little your money is so they can swallow everything like that NAIJA SNAKE. Never forget Forex Trading is a technical scam, their plan is to eat all your money. Your brokers are extremely happy when you lose, they are part of the market makers chain. They trade as well, they make your trading information available to the Market Makers. Another thing you have to know is, you can never beat this people. I've read stuffs online that reads "beat the market maker. Rara oooo, you cannot beat these folks, you can only join them to beat those 95% retail traders.

LET'S BREAK THEIR ACTIONS DOWN

Last time, I said they act in 4stages which are;

1.ACCUMULATION
2.INDUCING
3.TRAPPING
4.BIG MOVE TO HIT EVERY STOP LOSS

I will explain all these with images to adequately illustrate. I will get back soon. Stay tuned

seunmsg:
I thought only South west and northern Muslims are in Sudan studying courses related to how to Islamize Nigeria. At what point did Igbos also get to Sudan? Are they there to study how to Islamize Nigeria or what?


Btw, is Abike Dabiri the minister of foreign affairs or Geoffrey Onyeama?

oikirodah:
Governor Wike's 12th Flyover Project Stuns Rivers State as President-elect Unveils Rumuokwuta Bridge(Photos)



Osigwe Omo-Ikirodah writes in from Abuja.
https://ireporteronline.com.ng/blog/governor-wikes-12th-flyover-project-stuns-rivers-state-as-president-elect-tinubu-unveils-rumuokwuta-bridgephotos/
Source iReporteronline.

Tofax:
Witches warn against scuttling Tinubu’s inauguration


…Invites Dino Melaye for counsel

White Witches and Wizards Association of Nigeria, yesterday, urged aggrieved politicians not to scuttle the inauguration of the President-elect, Asiwaju Bola Ahmed Tinubu, on May 29 at the Eagle Square, Abuja.

The group also said Tinubu will be provided with no fewer than 300 witches and wizards to ensure that no harm comes his way, adding that they are unhappy about the manner in which politicians have conducted themselves since Tinubu was announced as the winner of the February 25 presidential poll.

Speaking to newsmen in Calabar, the group’s spokesman, Dr. Okhue Oboi, said they care about the unity of the nation and would safeguard it.

He said: “We welcome Tinubu back to the country. Recall that Tinubu emerged the winner at our group’s spiritual presidential election held about two months ago before the terrestrial February 25 presidential election. Now, we have reviewed the volatile developments in the country. We urge the aggrieved parties to give peace a chance because resorting to self-help will do more harm than good to the polity. There is no reason for Tinubu to be afraid because all the campaigns of calumny mounted against him are mere distractions. We are currently cleaning and detoxifying the Abuja environment where Tinubu will operate from.

“What Tinubu needs now is prayers of good health and long life from all Nigerians so he could deliver on his Renewed Hope promise for better life for all.”

Oboi, who spoke on the forthcoming governorship election in Kogi State, said the group has met with the three major tribes in the state and have aggregated their demands.

He said: “We have met with the Igala, Ebira and Yoruba population in the state. We met Igala people in Idah, Ebira people in Obehira and Yoruba people in Kabba and listened to them. We advise Dino Melaye to see us if he is desirous of realising his governorship dream. If he listens to our advice, he will laugh because the trees and waters of the confluence state will vote for him regardless of whether Governor Wike supports him or not.

“It will be in Melaye’s interest to see us too so he can smile. If he fails to see the witches and wizards, he will regret it because he will not win the election.”

https://www.vanguardngr.com/2023/04/witches-warn-against-scuttling-tinubus-inauguration/

Twistaray:
Children were eating leftovers during an event where Ebonyi launched an airport worth billions of dollars, according to Tayo

BluntCrazeMan:
According to Omotayo Williams’ Tweet:
(@KadunaResident)..


Source:
https://twitter.com/KadunaResident/status/1652624111711944704?t=mzUm85fVLgvJAItMhSCyvw[/quote]The Twitter account above does
NOT belong to any immediate family member of the brilliant 'Funso Williams of Lagos Island, who is a "Kaduna resident."

A very dishonest claim from the fake Twitter account operator for even having the nerve to use 'Funso Williams' picture in the profile!

Fira09:
SOURCE

nlfpmod:
Governor Sanwo-Olu announces:


https://twitter.com/jidesanwoolu/status/1652675139719385089?t=Kq5lneyrXyEw3kC5euui1g&s=08[/quote]Impressive! A mix of green energy is the way to in the light of global warming. Eko o ni baje.

Ltrust1:
Decades ago, it used to be very difficult to venture into the export business in many countries around the world. So many bureaucracies were involved and if anyone knew you were into international trade, the conclusion would either be you are worth at least one million dollars or have top government connections.

Today, everything has changed as even a person still living with their parents and with a computer in their bedroom halfway across the world can easily venture into the export business today and earn thousands of dollars monthly without having to go through so much stress as it used to be in the past.

Ltrust1:
International or Export trade is one of the most scalable and profitable businesses in the world because commodity trading will forever be carried out between two businesses located in two different countries around the world at a certain price, procedure, quality requirement, and more, where once the first shipment is successful, the importer usually requests that the exporter continues shipping the same commodity to them monthly for a year, 3 years, 5 years, or even for life.

With the great potentials that global commodity trading holds, risks also abound. Our job is to train and equip you with all technical knowledge and information to achieve great success in Export. We will reduce your risk to the barest minimum by covering all aspects of the challenges most exporters have in Nigeria and ways through them./07033097160

nlfpmod:
https://nairametrics.com/2023/04/28/breaking-otedola-exits-stake-in-transcorp-plc-in-landmark-deal/

maleekberry:
https://pmnewsnigeria.com/2023/04/28/lagos-demolishes-13-illegal-buildings-along-airport-road/

Raskimonojendor:
More:

renderme:
The activist made the tweet in September 2014 and its going viral on twitter:

Source:
https://twitter.com/AishaYesufu/status/509618074597994496

iwaeda:
Happy 70th birthday to The Bull, baba Paddy. Nlfpmod.