tag:blogger.com,1999:blog-57700216427605038382012-02-16T11:00:39.020ZMy commentary on quoted shares and other investments opportunities in Nigeria.Ed.noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-5770021642760503838.post-21897862075567860782010-08-13T08:38:00.000+01:002010-08-13T08:39:42.835+01:00

Rasul Allah (sal Allahu alaihi wa sallam) said: "Modesty is a virtue through and through, or said: Modesty is a goodness complete." [Muslim]Once the Prophet (sal Allahu alaihi wa sallam) passed by a man who was admonishing his brother regarding Haya and was saying, 'You are very shy, and I am afraid that might harm you.' On that, Allah's Apostle said, 'Leave him, for Haya is (a part) of Faith.' [

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-27228186025144753222009-08-31T19:02:00.000+01:002009-08-31T19:03:03.991+01:00

How safe is our social capital, we are in a banking crisis and all that we thought was good and proper is collapsing around us. What kind of business will be viable over the next few years?A greater level of scrutiny will be called for for any kind of loan or facility as boys on ground call it.If money is tight how will the charities cope, in time of plenty there was no limit in peoples

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-45508205394115396082009-08-31T18:50:00.001+01:002009-08-31T18:50:32.154+01:00

Oh what a farce Nigeria has become!

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-34557121782520279192009-07-24T14:37:00.002+01:002009-08-04T19:10:15.310+01:00

I've always travelled with a British passport, even on trips to Nigeria. Now I'm older and wiser I'm comfortable travelling to Nigeria with a Nigerian passport. I received my Nigerian passport on Monday and I must say, apart from saving money on visas at £90 each time I'm really proud to be Nigerian again!

Ed.noreply@blogger.com1tag:blogger.com,1999:blog-5770021642760503838.post-66453895107484450782008-06-27T14:09:00.000+01:002008-06-27T14:09:23.151+01:00

naijablog: Response to the new Lagos traffic law

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-90886780740908291482008-06-26T17:51:00.002+01:002008-06-26T17:56:06.324+01:00

What has remained a challenge is how to measure the sentiment of investors for participation in family owned businesses seeking an exit strategy through an IPO or sale to an investment boutique. Where is the forum for those seeking exit strategies to meet those who have the investment appetite for nurturing a private business from a family run business to a publicly listed company complete with

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-25093687816159599592008-06-26T17:46:00.003+01:002008-06-26T17:51:15.175+01:00

I'm somewhat amazed with the popular misconception amongst Nigerian investors that their investments in shares are expected to remain above the bought valuation. This easily demonstrates either lack of investment sophistication or/and mis-selling on the part of promoters.I believe today's shares promoter has a greater duty to educate investors of their expectations and obtain third party

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-65380111540672687522008-06-18T11:49:00.003+01:002008-06-18T12:05:02.352+01:00

When travelling to Nigeria I prefer flying direct from Heathrow, this narrows my choice of airline to just Virgin Atlantic and BA.For the extra leg room I’m usually advised to travel is as large a sit as possible which for Virgin Atlantic and BA I usually book their Premium Economy seats.Recently, I got an email from Virgin Atlantic promising their “WorldBeaters” seat sale, as to my dismay I note

Ed.noreply@blogger.com1tag:blogger.com,1999:blog-5770021642760503838.post-41561475746195199412007-12-30T18:19:00.000Z2008-01-01T18:44:49.877Z

Culled from FT :Our father told us on a harmattan morning. Outside the dining room window, the wind was cold and dry, the whistling pine was swaying, a cock was chasing a squawking hen, the red dust was rising and our mother’s spirit was dancing in its whirls. My brother Chuma and I, lips smeared with Vaseline, were playing scrabble at the dining table and listening to Celestine Ukwu on the

Ed.noreply@blogger.com2tag:blogger.com,1999:blog-5770021642760503838.post-29670375121319068272007-10-25T11:54:00.000+01:002008-12-11T22:07:23.758Z

Culled from www.castlesweekly.com:Lagos: The 'Dubai' of Africa?The Lagos State Government in conjunction with a private firm plans to build a brand new city on the Atlantic Ocean!Lagos, the central nervous system of Nigeria in terms of business, entertainment and tourist attraction, if well repackaged and branded, can be made a haven for business and fun seekers, which can generate several

Ed.noreply@blogger.com4tag:blogger.com,1999:blog-5770021642760503838.post-75517748686510117532007-10-25T11:48:00.000+01:002007-10-25T11:53:26.963+01:00

Culled this article from www.castlesweekly.com:CASTLES, your weekly consumer magazine and the reference point for issues relating to property and real estate, spoke to the Honourable Commissioner for Lagos State Water Front Infrastructure Development, Prince Adesgun Oniru. Giving a brief history of the Ministry, Prince Oniru said it was established to create a world class water front

Ed.noreply@blogger.com3tag:blogger.com,1999:blog-5770021642760503838.post-18884596869550828292007-09-09T10:47:00.000+01:002007-10-24T16:56:08.135+01:00

I paid my first visit to Ajah in September 2007. I was pretty please with all the residential construction going on and the sheer magnitutde of what the future of Lagos hold for Lagosian.Real estate investment is summed up as accumulate, for example the old 1004 in Victoria Island is still being impoved and my initial enquires found that a flat is going for around NGN45million, thats close to

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-75182059774878364242007-09-09T10:21:00.000+01:002007-09-09T10:33:59.421+01:00

A family visit took me to Nigeria last week, I still had time to look around and gauge the mood of investors.One thing that stood out was their dissatifaction with the services of brokers, brokers are now fielding calls from investors who wish to liquidate positions for whatever purpose.This generally is no fault of the brokers, it's the lack of understanding of financial products including

Ed.noreply@blogger.com1tag:blogger.com,1999:blog-5770021642760503838.post-16161983359066885862007-04-11T11:49:00.000+01:002007-04-11T11:54:37.306+01:00

With the Transcorp debacle still in full swing I sometimes wonder what the Management's plan is. With IPO over and reportedly 70% undersubscribed, what is plan B?It's obvious that plan A failed and the investors who now feel let down are basically pissed off, whats going to happen next.In my books if you are 70% below par you are in very deep waters and barely afloat, anyway lets watch this

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-27861346285716812182007-01-18T10:00:00.000Z2007-01-18T10:12:00.642Z

Picked up some MTN pink sheets on the US OTC market last week, MTN has a major share of the Nigeria Mobile market and at the moment the only way to plug into the massive profits MTN are making is to pick up some shares whereever they maybe.MTN being a south african based company, its quoted on the Jo'burg stock exchange (JSE) but also trade ADR's in the US, prices as equal value to MTN on the JSE

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-51959936015085523502007-01-16T14:56:00.001Z2007-01-16T15:21:53.805Z

When is Dangote Sugar hitting the trading floor?In my opinion, it is a bit slow coming out of the gate, by now the shares should be available for trading.People what is delaying Dangote hitting the trading floor; is it something we should be concerned about or is it post-seasonal holiday blues.Personally, I think its one of two things either it’s grossly over-subscribed and the bean counters are

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-60842190000204849532007-01-04T21:06:00.000Z2007-01-16T15:23:22.294Z

I had a read of Transcorp's prospectus posted on Vitiva's website and must say I'm delighted with the asset base uderwriting their IPO.The purchase of of 51% of Nitel along is worth the value of shares on offer, for US$500 Billion in naira. Apparently, new managers were brought in to help with restructuring, the same to MTEL the mobile side of Nitel.Generally, telecommunications in Nigeria is

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-46968721408263367832007-01-03T19:20:00.000Z2007-01-03T19:53:07.090Z

Transcorp aims to raise N7.5 x 8,000,000,000(eight billion)shares which is N60,000,000,000 more or less US$500 Million or even more fashionable phrase of half a billion dollars!Now that's a lot of money anyway you look at it, I'm sitting here thinking, what's the effect of the Transcorp IPO to the liquidity of the marketplace. Mopping up this much liquidity from the market would definitely have

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-4705381258877299932007-01-03T12:28:00.000Z2007-01-03T16:18:55.369Z

I won't lie to you, the market sentiment on Transcorp is hard to measure, I sit here in London glued to BENTV seeing Transcorp adverts scrolling the TV; I can't pretend not to be interested in the fanfare surrounding Transcorp IPO.I remember in June 1999 when Ariba a US quoted stock debuted on the nasdaq amide the same kind of funfare and roadshows, and I also remember what happened to the stock

Ed.noreply@blogger.com0tag:blogger.com,1999:blog-5770021642760503838.post-12350962202634552272006-12-17T10:52:00.001Z2007-01-03T16:17:33.924Z

Like they say, every good idea is bettered by an even better idea!Nairamarket started life as a free classified advert marketplace but due to a lower than expected participation from users and the marked increase in the cost of keyword advertising competition we have decided to park the site till a better time.Thanks to those who took the time to place adverts on the site and more especially to

Ed.noreply@blogger.com0