NewStats: 3,265,503 , 8,187,004 topics. Date: Sunday, 15 June 2025 at 11:56 AM 52705i

12inchess:


You seem to be very knowledgeable. So does this number beat Naira depreciation?

Yes. Using $461/$1 average as at may 2023 and using N1600/$1 average rate today and a $100 investment;

$100(N461/$1)=46,100 N/N2.23per share=20,673 shares (approximately)
20,673 shares* N10.75/share=N222,235/N1600/$1=$139 (approximately)

So a $39 return on your $100 investment. 39% ROI. Not ing for fees and related charges.

Carry go my very own oga! This is no time to sit on the fence, before the coalition of the frustrated claim you are behind them. Every elected leader must take a stand between regression or progression. Our very own BOK is leading the charge and ready to assume leadership if you don't want to be left behind, better show up and make your presence known.

#ForwardEver #NotGoingBack #NoTOPowerFeins

Elose11:

At the beginning of 2025, Transcorp rebased their shares by dividing the shares by four. The technicalities involved in this I cannot explain as i am not an economist. But if your shares was 1m before, it will come down to 250,000. So by your analysis, the 313.5k shares had come down to 78.25k. by the time you multiply that by the current share price of N43, you will get N3.37m, not N13.4m,

They implemented a 1:4 Reverse stock split in 4th quarter of last year (reduced their total number of shares by a factor of 4). While the current price is significantly higher than the pre split price, it is the pre split price of 4 combine shares. The truth is that they seem to have actually lost value given the opening price post reverse split was N44 and current trading price is below that. They were trading at N11 or thereabout just before the reverse split.

May 1st 2023; price was N2.23 now it's right around N10.75 (N43/4). so the actual return is more like 3.8x. So a N1,000,000.00 invested in May 2023 would be around N4,800,000.00 today.

I am certain they didn't mean to mislead with this data, but always that data devoid of context can be misleading!

El Rufai is finding it difficult to cope outside the corridors of power. The same man that lorded it over Kaduna State for 8 good years with no single achievement to point to, is now calling on Nigerians to him in rescuing the country. What an irony! What people is Mallam El Rufai asking to him?

Please ask El Rufai to tell us his achievements as the Governor of Kaduna for 8 years. Ask him to tell the world what happened to southern Kaduna under his watch. Ask him to tell us about the peaceful state he inherited and the state of unrest he requested to Governor Sani.

The one thing we can all agree upon is that never again would our dear country be govern by people like El Rufai! Never again will ethnoreligious bigots like him be given the tools of governance to further their agenda and propagate ethnic and religious violence on our people. Nigeria will once again reject El Rufai for what he is.

And to all those associating with him in search of power after everything about him has been laid bare in a security report, be rest assured that Nigerians will reject you too.

#ForwardEver #NeverGoingBAck #NoToPowerFeins

Mr. SPV at it again! I hope they've all been read in on the purpose of their venture! Just in case they haven't: HE Atiku is only in it for himself, you all will be working tirelessly to build a platform for him to run on. Anything short of that, you can count him out.



[b]#ForwardEver #NeverGoingBack #NoToPowerFeins[/b]

it is funny how these lot complain about failed leadership forgetting that they were the same sets of leaders in the failed leadership! From Atiku to Obi to El Rufai and now Amaechi! Take Amaechi for instant, Speaker of the Rivers State HOA from 1999-2007 (#3 position but really 2nd only to governor in state politics, iykyk), Governor of Rivers State 2007-2015 ( numero Uno during the oil boom and when governors where emperors of their domain), Minister of Transportation from 2015-2022. That's 23 years at the highest level of both State's and Federal Government!

If you were part of a system for 23 out of 25 years, are you truly in a position to question that system? Are you truly an outsider of that system? Are you the messiah that will clean up the system you helped built and sustained? Don't be fooled again by their lot, they are saying anything to get back to power. Like Atiku and El Rufai so is Amaechi!! They will say anything to get back to power. Less than 2 years outside the corridors of power and they are willing to re write history and cast themselves the outsiders coming to drain the swamp. Pathetic parasitic lots that cannot breathe outside the corridors of power. Like a dope fein, they will say anything to get another hit of power.

#ForwardEver #SayNoToPowerFeins'

"Nigeria will be Industrialized whatever it takes" those are the words of Mr President and y'all can bank on that! A nation of 200 million plus people, blessed with abundance of natural resources, cannot continue to only survive, but must thrive for now and the future. No one asks how China got to be the manufacturing capital of the world. Singapore, Thailand, Malaysia did it. UAE, Saudi Arabia did it! Each did it their own way, it's Nigeria's turn to do it. Get with it or get out of the way. This train is not stopping for anyone

#ForwardEver #NeverGoingBack

This nothing but a coalition of individuals looking for a political party on whose platform they will contest the 2027 election. As it stands, none of them has clear control of any political party that they can bring into a coalition.

PBAT has laid the foundation for a prosperous and equitable Nigeria. The dust has settled, and the pillars of the new economy--one befitting of the most populous African Nation , blessed with both natural and Human resources--are visibly ready to receive the blocks. This is no time for jokers, each individually too self important, and collectively too myopic to build a true coalition, let alone nation build. Because we all know coalition is built on the alter of personal sacrifices while a nation on accumulated intergenerational sacrifices.

The Nigerian people have once again, under the leadership of PBAT made the sacrifices needed for nation building. This is not the time to bring in another sets of time wasters. 2027 is for consolidation not dissolution.


#ForwardEver #WeNeverGoingBack!

Someone please tell Baba-Ahmed that it is not going to be a North Vs South come 2027; It's going to be all Nigerians saying no to backwards politics, and Yes to Progress!

#ForwardEver #NeverGoingBack

Apologies for not including a disclaimer. Here you go: "Primary 5 level reading and comprehension skills needed to understand the write up"[b][/b].

blueAgent:


Paid urchins

Gibberish

The saying goes "the farther into a rabbit hole you go, the harder it is to get out". That is exactly the situation of our country at the moment. The most agonizing part of it all, is that masses that got zilch in the process that got us into the hole are the same that would pay the price to get us out.

That said, that the Naira is weaker than the CFA is one;year bad because we are neither a manufacturing country, due to years of wasting money defending a pegged Naira, and the fact that we have not been able to secure our borders from smuggling activities, due also to lack of investment in infrastructure (Military/policing) and corruption. With adequate investment and time; all of those countries' supply chain would run through Nigeria's manufacturing first before or China. And it's a good thing that our products would be affordable for them.

Currency devaluation is a tool that sparks economic activities and creates jobs directly and indirectly at the expense of trading partners. If not for years of neglect and if we did actually purposely devalued our currency, countries like Togo and Ghana would have already approached the WTO for unfair trade practices vis-a-vis currency manipulation right about now. The truth is there was no devaluation but rather a true reflection of the state of our economy when the subsidy was removed from the exchange rate. The rate truly reflect what we were--a country that uses all its earnings from a single source (crude oil) to import almost everything including things a s basic as food.

Lanruze:
I am not condemning your write-up at all.

It makes very valid sense especially the part where you anlaysed the 1/3 of the currency being the real value and the remaining 2/3 being the subsidies value.

Very Apt with a blow by blow summary of valid and genius points.

However, don't blindly defend information you dont have a full grasp of especially a country like Nigeria.

1, The current value of the Naira is intentionally being maintained to create a money illusion not the floating or market forces you think you are at play. It's not just a national embarssmebt and shame that CFA zone countries like Niger, Benin Republic, Cameroun etc have thier currencies x 3 of our Naira.

In recorded history, Nigerian Naira has never been lower than the CFA or even smaller countries like Ghana, never !

The Devaluation has created so much illusionary money for Government that the PBAT Government benchmarked it budget to a shameful $1-N1500. Petroleum Tax, Royalties and Import duties are at an all time high because of this illusion.

2, Countries all over the World have a very strategic approach to its Currency Management and FX reserves.

No sane nation leaves its currency to Market forces to determine its daily value! No where in the world.

An example is the United State stating its moving it's FX strategic reserves from currency to another asset class - Crypto Currency with a 30-40% investment projection.

The USA is also planning to strategically devalue its currency ($) to make American exports more attractive to it's major trading partners with a projected improvement in income revenues.

CodeTemplarr:
You started off with valid arguments then skillfully veered off into sinister things. Not impressed.

Facts aren't meant to impress, they are just facts! We have a category of people that are waxing nostalgic about an economy that never really worked for everyone. Or how do you explain the ridiculous rate of unemployment? The state of the infrastructure? Yet a few made bank off the arbitrage inherent in the official vs actual rate of the fx, solely because the government kept prioritizing the exchange rate over the real economy. For all those think exchange rate is the only measure of an economy should go check out the $/KRW rate and their economy.

I see two main reasons for the state of our economy prior to this istration. This is why the country's infrastructure was in such a horrendous state of disrepair. It's also why the economy only worked for a select few, not everyone. This explains the massive unemployment and underemployment we saw across the country, and why we had billionaire industrialists without actual industries.

When leadership thinks of the economy only in relation to the FX rate, they tend to spend money meant for capital expenditure defending a pegged value for the dollar against the Naira. When they peg the rate, rather than allowing market forces (the float) to determine it, they invariably tilt the economy in favor of a few over the many, inadvertently encouraging corrupt practices.

Let's simplify things by taking the end of Emefiele's tenure at roughly N500/$1 (pegged) and the current value at approximately N1500/$1 (floated). With the FX rate pegged under Emefiele and floated under Cardoso, the pegged-to-floated ratio is roughly 1 to 3. The Pegged Rate (PR) is what the government, through the CBN, charged you for $1, while the Floated Rate (FR) is closer to the actual cost for the government, through the CBN, to get you that $1. So, a PR/FR value of 1/3 means you only paid one-third of the dollar's cost, and the government covered the remaining two-thirds.

Without wanting to start a class war, I believe this system resulted in the rich taking far more than their fair share of the national wealth. Think about it: for every iPhone, Ferrari, or Tom Ford item imported, the government effectively paid two-thirds of the actual cost. For every 'Bone straight' weave, the government, via the CBN, covered two-thirds of the cost. For a $60,000/year NYU tuition for the children of the rich, the government, through the CBN via Form A, paid $40,000 annually, leaving the parent to pay only $20,000. For every luxury car bought by a Senator, whether in or out of office, the federal government paid for two-thirds of the actual cost. Meanwhile, lecturers were striking over unpaid salaries, and university Vice-Chancellors were told to find ways to generate revenue. Why? Because critical government expenditures like the FX subsidy, much like the fuel subsidy, were deducted before remittances were made to the federation .

Have you ever wondered where all our oil money went? Well, I believe much of it was used to pay foreign school fees for the children of the already wealthy. It subsidized mansions in Dubai for figures like Atiku and others. It helped buy luxury cars. It facilitated the purchase of gold-plated iPhones for the ultra-rich. Essentially, it was converted into the private wealth of millionaires through arbitrage from FX round-tripping.

To all the hardworking Nigerians who have felt neglected by the economy for generations, I urge you to be very wary of any "rich man" trying to mobilize you to fight against the current hardship. You are not fighting the same battle. They aren't fighting for better roads; they're fighting for the government to keep subsidizing their bulletproof Prado Jeeps. They aren't fighting for better schools; they're fighting for the continuous subsidy on out-of-state tuition at places like UCLA. They aren't fighting for better-equipped hospitals; they're fighting for the subsidy on their next yearly physical at clinics like Mayo. They definitely aren't fighting to create jobs for your children; they're fighting for the return of arbitrage from round-tripping. And they are certainly not fighting for more housing for the unhoused, but for the subsidization of mortgage payments and services on their properties in places like Dubai, Monaco, Tuscany, and Los Angeles.

Don't let sponsored agents using data deceive and mislead you. I believe this government is genuinely focused on building an economy that works for the many, not just the few. They are focused on solving the unemployment and underemployment issues facing our large workforce. I feel this government is sincere in its commitment to providing a brighter future for all Nigerians. Progress undeniably requires sacrifice. Yes, the masses disproportionately bear the burdens of development in any society, but for the first time in a long time, I feel we have a government committed to ensuring that these sacrifices will not be in vain.

#ForwardEver #NeverGoingBack #NationalRebirth

I told all the nay sayers, it's about to be a season of gbas gbos gbas! The heavy lifting has been done. The bottom is in! There's only one way from here on out. The foundation of the new economy has been laid, over 180 feet deep and the world knows about it now. The era of spending tons of money wooing FDI, to help build a skyscraper on a foundation made for bungalow is over. An economy that works for a population of over 200 million, like a skyscraper, can only be built on the a foundation engineered for such.

#ForwardEver

EponObi:


It's too early to dey gba bro

For Utomi, no government in the world will allow "a shadow government". If you did that in China, you for don meet your maker by now. Even you, if you were president, you won't allow any shadow government. So the government calling you a drama king is them being lenient with you. If dem arrest you now, people will be saying all sort of nonsense without applying logic. Criticize the government if you want; in fact, form a of critiques - dem Sunday Dare and co will engage you. But no one will smile with you with your shadow government plan. It's quite funny sha; this Utomi dude is well educated and well exposed. He knew what he's doing won't fly in saner clime but here he is pandering to the G&H

G&H mean Gullible & Hungry if you don't know btw

Don't forget to add "Useful Idiots" to it. It's a shame the astute professor has become a useful idiot in the hands of the naysayers. They want to use him to provoke a reaction from the PBAT istration. They know any reactionary government would have filled charges against each and every member of the so called shadow government by now. So they can change the narrative and start calling for the return of the military. PBAT is anything but reactionary. Leaders are both visionary and proactive; so their antics are and will always be duds.

At Prof; Please retrace your steps. Refuse to become a tool in the hands of those that would rather burn the house down rather than accept they've been bettered. Find more direct ways to promulgate your vision--Op-eds, Podcasts, Town halls. You are an accomplished intellectual that wouldn't give a hoot if your ideas are co-opted for national growth. Of all the ways to put your ideas out there, I am afraid this is the wrong one.

#NeverGoingBack # ForwardEver #NationalRebirth

I think the FCT should have been excluded from the NCDC to begin with. In fact they should be removed. They already enjoy a special status as the FCT.

anonimi:


The agbero below has a message for you.

I see you are of those naysayers eh? Continue waiting for the messiah that's going to build you a house without first first digging up your land, or the other one that promises to build an airport on top your oil palm plantation while you continue farming the same land!

We in real town know that there is no progress without sacrifice or advancement without cost. Like the so called "agbero" in your tale and all the citizens that have borne the cost of rebuilding our economy, to them I say joy cometh in the morning. We would not let those with silver tongue, whose only intention is to regain power invalidate our collective sacrifices to build an economy that works for all, and a nation we can proudly call our home. We will not let them take us back to the days of building castles on sand.

#ForwardEver

DWO

There will be no peace for naysayers as Nigeria finally turns the corners on doldrums! it is going to be an era of "gba gbos gbas" for all those waxing nostalgic about an era that left us borrowing to pay salaries of civil servants and elected officials alike. An era that characterized by net negative job creations. An era where 9 out of every 10 university graduates had no chance at full or even under employment. Soon you will run out of newspaper headlines to use to mislead. Keep at it! Nigeria has already left most of you behind.

A careful analysis of that article shows 82% reduction in indebtedness on that credit facility. If you consider the additional $300million plus payment for 2025; you are looking at over 91% reduction in total indebtedness. Yet, people whose sole intention is to mislead are spinning this as a negative? Una go spin tire!!

#NeverGoingBack #ForewardEver

DWO

Is this individual, living in Dubai, claiming the moral high ground to critique a policy aimed at invigorating the local economy and bolstering self-sufficiency and independence? What a glaring display of hypocrisy! This is precisely why he repeatedly vies for the presidential office. For this person, everything revolves around politics; every statement he makes and every action he takes is politically motivated. He is incapable of, and has no intention of, aligning with the truth unless it helps his progression towards Aso Rock. The Deborah incident immediately springs to mind as a perfect example of this!

#ForwardEver

LegendHero:
But El Rufai said politicians decamping don’t matter and that they only have 1 vote.

Yesterday, PDP boys have been crying since about Tinubu visit to Katsina when they saw how the people receive Tinubu with love and maximum .

They sell lies on social media while on ground reality kicks.

Atiku cannot escape it, in that same North, Tinubu will defeat him just like he did in 2023.

They haven't seen anything yet! They will soon realize that there are different categories to the political hurricane that is PBAT.

That is because this one doesn't understand the fundamental issues that stagnated the economy. PBAT has in less than 2 years solved 2 of the hydra-headed issues of multiple FX rate and fuel subsidy and reshaped the Nigerian economy. By taking on this issues, he was able to free up resources to settle the backlog of FX, and also makes funding available for Capex.

#ForwardEver

DWO

ACF over to you! This is very close to home.

These are the type of statements you hear from appointed leaders--leaders that don't take the time to look back and see if anyone is actually following them. Yes, Every Geopolitical region will decide 2027 and every other presidential elections thereafter as always. Every vote will be counted and will count.

Yes, every region in Nigeria can compete fairly with any country in the continent but not until each region is free from bad leadership. Leaders that have never taken the time to ask what their people really want. How come we have never heard ACF demand good governance from the elected officials in these states? Does the ACF not understand what a federal system of Government is? Is the security situation in the north a new development? where was this same ACF when PMB grappled with this situation for 8 years?

ACF claims to represents the North, but only as a bargaining chip for a minority of people interested in retaining their stronghold on the dividends of democracy due to the northern citizens. What has the ACF done to resolve the conflicts in Plateau State? What have they done to resolve the issues in Benue State? Or are those not part of the so-called north?

Unlike ACF that is fighting to maintain the status quo, where the wealth of the north is entrusted to the privileged few from a handful of states; this government, PBAT is focused on bringing the dividend of democracy to every northerner, as is every Nigerian. PBAT is working assiduously to develop our vast reservoir of Human Resources across every region of the country. We call on every elected official, North or South to hands with PBAT to deliver the dividends of democracy to your constituents.

So to ACF, we are not counting by Regions, Geopolitical Zones, States or even LGA. We are counting by Towns, Villages, wards and door to door.Not the north or the south, but Nigerians, will determine the outcome of 2027 and every other elections thereafter.

Forward Ever!

DWO

I hope states learn to stop sending inchoate minds to the Senate to represent their interests. The legislature is not for attention seekers. If Governance were a ship/train, the legislature is the engine room. If a governance were akin to restaurant, the legislature would be the kitchen. Whether or not you get to your destination depends largely on what happens in the engine room. What you eat at the restaurant, is concocted in the kitchen. It is definitely not a place for attention seeking drama queens/kings.

Naysayers keep wishing against facts and figures, the truth of the matter is the bottom is in. They did all they could to exacerbate the pains of repositioning our economy on their fellow citizens for political gains, yet they fall failed to turn back the hand of clock on PBAT's determination to remake our economy. Daily now, the good news are trickling in, yet they prefer lies and propaganda to sell their mission. They are tugging on ethnic disaffections to promote their agendas. #DOA! Forward Ever!

The Bottom is in! The Bottom is in on our pain and suffering! The bottom is in on our economic free fall! The bottom is in our infrastructural neglect and decay! The bottom is in on the decay of both our educational and healthcare delivery systems nationwide!

DWO

Even 2031 has been settled! Nigeria is never going backwards! Forward ever!

Jones4190:
2027 is already settled for tinubu, let them wait for 2031

They can come from any direction they want, there's no vacancy in Aso Rock. The era of policy somersaulting is over for Nigeria. We are at the start of the journey to a prosperous nation, to a more equitable economy and the birth of a nation that's truly reflective of a sovereign nation blessed with both natural and Human Resources.

Tough as it might be, we are never going back to leaders that think the strength of your economy is measured in the value of your currency against the dollars. Leaders that are ignorantly fixated on subsidizing the dollar at the expense of infrastructures, natural and human resources development and only to the benefit of the few. Forward ever!

DWO

Now that your bet has not only been called, but raised by PBAT and the APC, all of a sudden defection add no electoral value. This coming from the same man that thought so highly of himself, his electoral value and of the subsequent domino effect of his defection, that he assumed the SDP leadership would have no choice but to hand over the entire structure of the party to him. What a joke!

Forward ever!

Someone who couldn't govern an ethnically and religiously homogeneous state, wants us to believe he has the solutions to the problems of Nigeria. Well, no one's buying it. Nigeria is being reborn on a daily basis. We're forging ahead in the quest to build a nation, that we all would be proud to call home. Forward ever!

This one is fast becoming an embarrassment to her constituency and the state she represents in the Senate. Her antics are fast unbecoming of a Senator of the Federal Republic Nigeria, and casts a doubt on her seriousness about representing her constituency. She might in her myopic mind see this as a popularity contest, she has failed to grasp the fact that she's robbing her state of equal representation. While she goes about playing to the gallery, Kogi state is short one Senator.

While I see some use cases for this feature, I do think its use should be limited. And should absolutely not be available for any posting with political undertone. Else, all postings on this forum would be nothing but a mere regurgitative echo chambers of like minds. Case in point: One of those people that post national economic data on here with the sole intention to manipulate and mislead others here blocked me from presenting the same data in its full context, or the very least provide an alternative explanation for the said data.

You all will need to do better than this to achieve your aim of creating disaffection within Lagos APC Even a much more focused and cordinated campaign of calumny against PBAT for 7 years straight (between 2015-2022), sponsored and championed by people closest to the seat of the highest power in the land, failed to create disaffection within the Lagos APC. #YellowJournalism at its worst. Here's a piece for your entertainment:

Resident kick against Tinubu's son, Seyi over shortages of Croissants in Paris

A growing number of Parisians are voicing their frustration over an unusual and persistent shortage of croissants in several popular arrondissements, with some residents directing their ire, however speculatively, towards the recent high-profile visit of Seyi Tinubu, son of Nigerian President Bola Tinubu. While local bakeries cite supply chain disruptions, the timing of the shortage coinciding with Mr. Tinubu's stay and his reportedly large entourage has fueled local discontent. "It's become a daily struggle just to find a decent croissant before 9 am," complained Michelle Dufontt, a long-time resident of the Le Marais district, gesturing towards a sparsely stocked patisserie shelf. "One expects certain things in Paris – good coffee, reliable metro, and available croissants. Since Monsieur Tinubu and his companions arrived, the latter has become a luxury. It's absurd, perhaps, but the coincidence is noted by many."

DWO