NewStats: 3,263,812 , 8,181,483 topics. Date: Sunday, 08 June 2025 at 03:43 AM 522o5w

Its just plain stupidity and ignorance that will make you discriminate against your fellow igbo brethren

tiswell:
Anambra husband or some ebonyi im.migrant in Anambra?

True Anambra indigenous rarely engage in such petty things like begging for cup of rice

Racoon:
Another Air force officer to become the CDS was Alex Badeh from Adamawa State. Congratulations too sir.

person wey don die

Ttalk:


Did you read the bill or you just decide to sound like Pitobi

Mr Reader, why dont you tell us what the bill is talking about

Bro, let me educate you. no bank will give a state government loan beyond his tenure. Also, they do credit anlysis before giving out loan and so they must have checked his repayment capacity

CyrusVI:


Otti is the inly Nigerian Gov to take Islamic bank loan this year

The man don use Abia state future play kite

Next Gov go pay debt till he tire

Bro, it is 10 out of 10. i no know where you see the 1

yewit37486:


Oh please, how can you dignify hellnues with a response?
The guy is one of the most f---lish human beings I've ever seen. I skip his inane comments cos they are almost always senseless, 9 out of 10 times.

I really dont understand this, why can't NNPC give him crude oil contracts?. NNPC is now operating more as a profit making organisation rather than a government agency. We currently consume 63 million litres a day, while dangote can refine 650,000 barrels a day, when converted to litres that is about 103 million litres, meaning that dangote only needs just 400,000 barrels of crude oil perday to take care of the whole country. then we dont need to get crude oil from abroad and we can save our FX. If NNPC really wanted us to refine crude oil in nigeria, they would have paid off their 20% stake in dangote refinery, but they havent. I am sure few persons are making millions of dollars from the crude oil we refine abroad which is why even the port harcourt refinery is still yet to start working. God has to save us from these cabals

That's not true, this agreement changes a lot of things. First is that, it will reduce the pressure on FX which will strengthen our naira since it is dollars we use to import fuel. also, it will likely help to reduce the corruption going on in NNPC concerning fuel subsidy payments

MasterJayJay:
Use import duty as an example. Importers pay import duties in naira. But the cost is determined at the current naira-dollar exchange rate.

Dangote will buy crudeoil from NNPC with naira at the current naira-dollar exchange rate.

This won't make petrol cheaper.

The only thing wey fit stop this protest na if hamster kombat pay boys

lol, you are very funny. we are currently at 110 billion dollars in debt, with oil revenues declining significantly and this is what you ahve to say. you dont seem to have any atom of financial intelligence

michlins:
Any government coming after Tinubu go enjoy plenty money. All these taxes will be painful and Tinubu will be blamed for them. But you see the insane amount of revenue accrued from them, subsequent governments will enjoy them

This is too high, this government is just looking for ways to fund its 6.2 trillion naira additional budget.

When a bank grants a credit facility to a customer and the customer brings his house as collateral. the bank has 2 basis for valuing the property which is OMV(Open market value) and FSV (Forced sale value). OMV is the estimated price that an asset or property would sell for on the open market between a willing buyer and a willing seller. while FSV iis the estimated amount that an asset or property would sell for in a forced or distressed sale. . it is on the latter that banks sell properties to realise the loan that the customer failed to pay. i dont think any fraud was committed here.

Konquest:

Some bankers have greed tendencies embedded deeply into their subconciousl.
Why dispose a property off at below the prevailing a average market price just to recover their own bank debt?

Lol, nigerians keep deceiving themselves. nobody can guarantee such. You need to see what saudi arabia did in their country. They built a well equipped monitoring system that monitors even a drop of the nations oil. Our army cannot always be on guard 24/7, thats why there will always be vandalisation.

Of course Tinubu knew he would fumble much worse than this, that's why he did not go for any debate and was even delegating questions that he should answer to his ers who eventually became his ministers in that interview at chatham house, yet 8 million people still voted him into office. The root cause of this is illiteracy & poverty

i pity you

Go for Stanbic. From all you posted. STANBIC is better. Me wey dey find how I go take enter. Can I email you??

Throwback:
I'm not particularly impressed with the guidelines for how this credit scheme will operate.

The relevant government institutions including the CBN, should simply work out a system where sellers and buyers of goods and services, do not need to pay fully upfront before a transaction/exchange can be completed. And the instrument for such transaction is a credit card.

So this should start with salary earners.

The banks should start issuing credit cards and allow for either one time credit payment at the point of sale which the card holder then offset his accrued invoices at a specified date of every month, or structured monthly payments that is configured at the 1st point sale which the card holder then offset that monthly partial invoice at the specified date every month.

Any other system is just unnessary inefficiency.

Maybe you don't know, but almost all banks in nigeria issue credit cards. At least, I'm sure of the first tier banks, but one thing is that the criteria is very high before they can issue it and so most nigerians do not fall into that category. Also, banks do not like to these credit cards because of the behavioral nature of nigerians who do not like to payback loans.

Paraman:
I really doubt Aba power is affected by NERC regulations and tariff. Aba power is 100% owned by the private sector.

i dont understand, that a company is privately owned, does it mean it is not subject to the national regulations of the country it operates in. is there any bank in nigeria that is owned by government, why are they then subject to CBN policies

business
used to write to buisness for a long time

Charly68:
There should be forensic audit of their records ,how can they be selling air and record losses ,it can't be possible

Lol, you are just displaying your ignorance here

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i fell off my chair in laughter in the part where he called tinubu an ant

emkz:


Price hike of commodities had nothing to do with exchange rate in the first place. Sellers just used it as an excuse to hike prices. It is similar to landlords who increase rent of tenants when they hear that minimum wage has been increased.

Most of the goods have no dollar component, but sellers hike prices anyway.

Some of these sellers have associations and cooperatives where they decide to hike prices. Any seller who does not heed is blacklisted. Consumers should have such associations too. They can decide to contribute money and buy the things they need in bulk from village markets and share them. They can also forgo some items whose prices are hiked to force the sellers to drop prices. Social media can be used to have that conversation. Customers have the powers to kill the businesses of those sellers. They just don't know.

But when dollar was selling at a high rate, the excuse these sellers gave for the high price was the exchange rate, now that exchange rate has reduced, what is the reason for this continuous hike in prices. this just shows that the naira rise is purely artificial and a bubble that is soon likely to burst

I am almost certain this will turn into a white elephant project, the cost of this project will be x2 if or when the project is completed. i dont think they have done a thorough cost analysis, which should also involve briberies and kickbacks to Government officials

ppogba:


You are trying hard to sound knowledgeable but you are not.
Is it only the tier 1 banks that are responsible for the current fall?

Who told you people holding a particular stock will dump when the company plans to raise additional capital?

Dumping to book profit to mitigate risk?
What risk is being mitigated with the dumping?

It is not a must you should comment here.
Take the little knowledge you have to the beer parlour.

The person you quoted is actually right. when these banks recapitalize, this wouild mean issuing new shares in the market, which can reduce the ownership percentage and earnings per share for existing shareholders. This dilution could put downward pressure on the stock price. So actually, existing shareholders may likely want to sell off their stocks.

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just clocked 31 yesterday, can i send my CV

Try to renegotiate your salary with the employers you are already working with to see if they can review it upwards. if they dont agree, i feel you should take the risk and go with the new startup