₦airaland Forum

Chibuking81:
Stanbic bank recorded
1. #5.13 kobo EPs in their q3 2019, against #5.73 EPs in their q3 2018
2. #6.92 kobo EPs in their final, 2019, against #7.04 EPS in their final 2018

They experience 12 kobo drop in their earning, below performance.

Most at times you will know the company that will perform better than their previous year result through comparing their recent q3 result with that of last year.

bigjay01:
Like i posted earlier, the new requirement is

un-audited results with 60days then audited result with 90days

something along these lines anyway

OR

audited results within 90days

TruthHurts100:
My friend died yesterday while riding opay. The baaaastard driver was at fault... He jumped off.... My friend died. God go punish opay and their useless bikers.

ajl:
No. My point is the population thar currently reside or dominate present day north-Africa and middle-east are not the same as those who occupied these places 1000 to several 1000s of years ago. There were several invasions of these places that was largely dominated by brown to black skin people. That'll why some black Africans from ancient middle-east migrated south towards north, west, and south of Africa. Check online to search the story of the Lemba people found in current day Zimbabwe and South Africa. When these people were claiming to be jews by custom and blood, nobody believed them until a British geneticist did a DNA analysis of the population which revealed they were not just ordinary Hebrew but that they carry DNA that trace them back to the priesthood lineage of Aaron, an ancient priest and brother of Moses. And I suppose we now mostly know that ancient Egypt was largely a black/brown population until ancient Romans and others took over. It is the white man that turned everything upside down for it's own domineering purpose.

pluto09:
Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

Ttipsy:
Gowon did... it's obvious he don't know Geography... the map is a disgrace

RabbiDoracle:
You no dey hear word.

And as I saw the divergence, I quickly alerted all that this isn't good. Instead, I was laughed at. I was just jejely reducing my position on the market. The main thing is to alert when you are leaving and not just to give a buy call. Also give a sell call.

Good that stocks moved high for people to bail out.

magicminister:
The reason I don’t support Amotekun

Anyone that grew up in the ghettos of Lagos will remember that OPC reigned supreme during the 90’s - early 00s and also butchered yorubas indiscriminately on the flimsiest of accusation.

I vividly remember the charred bodies of young men that lined up our streets almost every day and would remain there for weeks until it either goes back to the earth or is picked up by the relevant agencies.

I remember the OPC traffic stops where they’d have people disembark from the danfo and proceed to separate non-yorubas. Some get accused of being “armed robbers” which is an instant death sentence.

I remember the murder of my friend. He was a humble barber and street kid just like me. I came back from my car wash hussle to learn he was murdered by OPC after his landlord accused him of being an armed robber.
He dragged out of his house in the mid day, beaten to stupor and then set ablaze. His properties were looted and the remnants discarded.

I remember these things vividly.
While Amotekun is a good idea, what are the checks and balances to ensure they do not devolve into the immoral and wicked acts of the state sponsored OPC in the 90s.

I know I’ll get insulted for this but this is my true life story in the ghettos of Lagos. Amotekun is a NO for me unless there are sufficient checks and balances.

Who do we report to if there happens to be abuse of authority?

What are the checks and balances to ensure erring members are severely punished?

What trainings do the undergo to be able to deal with people professional and discharge their duties adequately?

Until there is a solid guideline on Amotekun, this is an effort that will lead to further abuse and oppression of the Nigerian people.

RabbiDoracle:
Now people are selling off their banks. Thought they will hold till next year.

And they made newbies but Access at 12, UBA at 9.25, FCMB at 2.2.

emmanuelewumi:
Access Bank lost over 6% today, I think this is the beginning.

Might lose 20% by the end of week.

awoo47:
local no make any sense
everything gum togeda

Baselm:
I can boldly say 90% of sole proprietors in this country are wicked, I have worked in at least 3 indigenous Engineering companies and I can say they are almost always the same. They collect huge contracts from the government at inflated prices, they have you do everything and yet they don't want to pay you a respectable salary.

It's not even all this SMEs, I'm talking of huge Federal and state projects, yet all you earn is peanuts. Once I leave this company, I'm never working for a Nigerian man again.

brownemmanuel43:
This is bad, the worst part is the same business owners will still be set of complaining about how bad our leaders are. But they can't do things right.
Welcome to Nigeria

ultron12345:
Rubbish

Firstly, I do not support owing employees salaries. Salaries should always be paid when due as specified in the employment contract. If for some reason, you can't afford the salaries at that particular time, inform the employees of the situation, explain to them and an understanding should be reached.

I will however talk about the so-called 'Peanut Salary'. What exactly is peanut salary?. Were you not informed of the salary before taking the job?. If the salary is too small for you, then the solution is simple, don't take the job. If you've already taken it, then resign, abi did they tie your hands and legs.

Salary is determined by productivity and market-value. You cannot be producing N4000 and be expecting to be paid N10,000.

Demand and supply of labour must also be put into consideration. When demand of labour is higher then the supply, wages are high, but when demand of labour is less than supply, wages are low.

You don't expect an employer to pay N1,000,000 when others are willing to take less. Will you buy a bag of rice at N200,000 when the near-by store is selling the same bag of rice and the same quality at N50,000. Never. So why do you expect employers to do otherwise. The same way an employee will not stay with an employer paying him N100,000 when another employer is willing to pay him N900,000.

Some companies honestly can't pay better. How can you expect a school in one small, interior town, that collects school fees of N6000 per term to be paying salary of N50,000 per month to teachers.

If you're not happy with salary you're offered, then don't accept the job or resign. If you're worth more than that salary, you will surely see other employees willing to pay your more than what you were paid before. If I offer salary of N40,000 per month, and no-one takes the job, I will be forced to increase the salary in order to fill the vacancy. You can also choose to start your own business and begin paying water-melon salaries instead and we'll see how long you'll stay afloat.

Let's also not forget how lazy and wicked Nigerian employees are. They are ready to ruin your business with fraud at the slightest opportunity. All they do is to steal your money. That is why Nigerian employees coined the phrase "Na where person dey work, na there e dey chop, na e make them dey callam work-chop (workshop)" as a way to justify their fraudulent character. Money that is supposed to be used to sustain and expand the business and even provide better packages for the staff will then have to be used to employ extra-staff to monitor each other, biometric scanners, CCTV cameras and other things that are not supposed to be needed, just to monitor staff to avoid fraud.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money. On the days you're around at the business, the money realized will be x10 of the money realized when you're not around. Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

The major problem of doing business in this country isn't power or infrastructure, it's finding honest and competent manpower. The average Nigerian employee is waiting to steal from you. The ones in management positions will not only be stealing but will be hiring incompetent staff solely because they are his friends, relatives or church members. That's why I don't blame companies who hire expatriates like Indians and Lebanese for sensitive positions like Finance and Accounting even when we have qualified Nigerians.

Some people have money to do business in this country but they don't have time for it. They'll have employed staff to manage it, but they can't do that because there are no trustworthy staff in Nigeria, so they abandon the idea, and rather invest their money in treasury bills and fixed deposit accounts. And later, they'll be complaining they there are no jobs when they are killing all the businesses with their evil character.

Let's not forget their rude attitude that they'll use to drive all your customers away, just like they exhibit in government offices.

That's why they like government work, where they're allowed to be lazy and to steal. Where they can get money without adding any value. Where they can steal, where they can come to work by 10pm, gist till 12pm, sleep till 3pm and spend the next hour preparing to leave by 4pm. And they'll go home and tell people they went to work. That is why our government agencies are not working, that is why our government corporations like NNPC and others are not working. That is why we say Nigerian government cannot run business. Any private company that allows such will fail like Nigerian government agencies and corporations have failed.

If you think your salary is Peanut Salary, then quit and sart your own business and be paying water-melon salaries. By the time you crumble, you'll start blaming Buhari.

Peanut salary ke, paw-paw salary ni.
Resign and start your own.

Esseite:
No boss is happy to owe salaries, it shows all he has built over the years is crumbling.

ngadaAwo:
not entrepreneurs but government

Nobody want to live a life of slavery and pauper and probably die with nothing to show of their struggle
the government made it so not entrepreneurs.
imagine life without entrepreneurship, imagine millions of unemployed youths roaming in the streets seeking a petty job from one office to another.

the government made it almost impossible to land a dream job without connection or have you heard of CBN, FIRS, EFCC, etc recruitment on public media?
these are jobs that can make your life meaningful but it's left for the elites to continue getting richer and more connected leaving other smaller jobs for the masses.
so you expect an ambitious youth that dream of going places and having a nice life to stick around with that 50k job while he has multi talent that can fetch him more than that a day or more?

my Dad is a retired civil servant and after 35 years of active service he only have his built one story building and a car to show for it as in after 35 forking years?
while a newly settled apprentice can buy a choice car just after 3-4 years of trading or doing what he's best at.
how do you expect me to follow the same route when i already knew the outcome?
shey na 30k minimum wage we still dey deliberate on as in 30k not even what an average entrepreneur spend on data monthly.
why wont the morals of working class cut when they see young legit traders or entrepreneurs spend what they earn monthly in few days or in a day.
go and see how traders from mgbuka, main market, etc spend money like nothing and you expect a working class moral not to cut

biko blame our government for making working conditions poor for working class and not entrepreneurs

FrLukas:
You and I know they won't.

I'm sure the Yorubas will welcome any part of the south that wants to come especially Itshekiri and Edo as they are our kindred. But they won't and we won't force them.

richPHAROAH:
what if hausas reply with their own stuff to guard themselves. no be civil war una dey brew so? what is not right is not right. u can create shit and give them firms to defend people. i bin think say these afonjas kuku get sense

FrLukas:
Fulani herdsmen and Miyetti Allah are for Northwest.

Boko Haram for Northeast

IPOB for Southeast.

E remain middle belt and south-south

Patrioticman007:
"If I, say O. You say P. Another man say C, omo na you sabi, dem kill man plenty man oooo, for inside Ajegule"
Above is a qoute from a, Human Right Activists, called African China.

These tribal warriors killed many innocents Nigerians, then in the name of O.P.C in many parts of western Nigeria. I think Igbo's suffered the most. If yesterday mistakes are repeated today in the name of Amotekun then, we have to fear the future, because 90% of these Amotekuns recruits are from O.P.C militia groups. The Fulani herdsmen's will surely vacate Western while the criminals will continue their evils acts, for crimes has no personal tribe . what will be, after the herdsmen's have left ?. Will Amotekun ceased to exist or will they find another enemy in Igbo tribe ?.
We need answers please.

fxuser:
i think it all part of the learning , people will make costly mistakes and hopefully ''learn from it '' and not be bitter about it or blaming other people for their actions or losses ! no one complains when all well and good its when d big losses come u will hear.

its d same everywhere , forex , crypto , commodities etc

but i like d dis part
'' paper profit because no one is BUYING ''
- nothing worse than been too heavy in an illiquid stock , d lesson stays with you for years lollxx

pluto09:
I also want to believe that he actually lost money to the market crash..

pluto09:
I always look forward to his stockwatch magazine every Sunday....
I still have some copies in my library..

The guy tried ,no be small.
I don't think anyone has done anything close to what obabolujo did in promoting stock investment education in Nigeria

emmanuelewumi:
If that is the case, why did he call himself the Oracle.

I know the guy one on one always laughing at my late mentor's slow and steady system of building wealth. The man is late but his Investments in stocks are real estates generate income running into hundreds of millions of Naira for his loved ones.

emmanuelewumi:
He was on the payroll of the companies private placement offerings and public offerings which he promoted and marketed.

He controlled the media through his newspapers, daily radio show and weekly TV shows and monthly stock market seminars all over the country. This made him to have cult followership , I doubt if his numerous followers made lasting wealth.

I learnt he is now a Pastor with a church at Ikeja. After he failed on several attempts to relaunch his financial media empire

pluto09:
I don't think he did what he was doing then to mislead people.....
His was just a case of the blind leading the blinds.

emmanuelewumi:
He was on the payroll of the companies private placement offerings and public offerings which he promoted and marketed.

He controlled the media through his newspapers, daily radio show and weekly TV shows and monthly stock market seminars all over the country. This made him to have cult followership , I doubt if his numerous followers made lasting wealth.

I learnt he is now a Pastor with a church at Ikeja. After he failed on several attempts to relaunch his financial media empire

jideflash:
Yes i know, i have been holding for 2years. loaded alot more at 3.8 last year. time to use the loot for a bigger cake

bigjay01:
i claim it ooo. Make i quick retire before my 50th and go back to my village.
waiting for the train in -8^oC, conditions when your blockos go temporarily stage a disappearing action no be joke na village u still won go

bigjay01:
wao, never heard of this before.
please update the house when you have more info, coulbe be something we all need to be aware of.

which stock is that BTW?