We had a user that had lots of workloads and they had to move their product to a nigerian region, due to regulation concerns. After we got their requirements, we decide to setup a new region and supported their workload end to end.
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In 1970, four Lagos officials travelled to Sweden and paid £68,000 for 98 used buses to serve as city buses in central Lagos.
Four months later, the deal became a media scandal in Sweden after reports revealed that the buses were already 17 years old and had been marked for demolition because they were no longer considered roadworthy.
The Swedish State Commission for Traffic Safety said there were no spare parts available to restore them. Yet, by the time of the report, 30 of the buses had been retouched and were ready for shipment to Nigeria.
New Nigerian newspaper observed: "One wonders how buses unsuitable for Stockholm roads can be used in Lagos."
The video with @schoolofhardknocks is out and it’s gone viral. None of it was planned. I invited James to the Aruwa office to meet him and learn how he’s built his business. We took a picture, he left but then: he came back and wanted to film. Tomorrow morning.
A potential opportunity in Access Holdings to think about (and a way to process its current valuation).
1. Access Holdings' earnings quality is not so great. Hence, the dividend payout history is around 20% of profit after tax (effective dividend payout, if you discount for trading gains, is often around 40% to 60%).
2. So if Access Holdings manages to do ₦700bn - ₦800bn in profit, the dividend amount should be around ₦190bn.
3. On a per-share basis, it is ₦3.5 dividend.
4. If you buy a unit for ₦23 today and you expect to get ₦3.5 in dividends, that is a 15% dividend yield effectively.
5. The next question thus is "can Access Holdings pay ₦190bn in cash dividends?" The answer is a definitive yes.
6. The estimated 15% dividend yield is most likely higher than that of any listed company on the NGX.
7. Depending on the company's future performance, investors stand an opportunity to lock in at a very good price and earn good dividend yields in the future. For example:
Yr 1: ₦3.5 (15% yield)
Yr 2: ₦4.0 (17% yield)
Yr 3: ₦4.2 (18% yield)
Yr 4: ₦4.5 (19% yield)
Yr 5: ₦5.0 (21% yield)
8. In five (5) years (just about an election cycle... say from the time BAT gave that "emilokan" speech to date, or the time Messi won the last World Cup to date), an investor potentially stands to make 90% of his invested capital from dividends alone.
9. In that period, there is a super strong chance that the stock price re-rates as well. In fact, the stock price re-rating could happen as soon as the next dividend is declared, which could be either at half-year (September 2026) next year. (April 2027).
10. I am not talking about future growth or prospects now, I am talking about what the current numbers can do.
But will you be patient?
Selah ✌️
Value investors often prefer a low P/E ratio because it suggests a stock may be undervalued. I prefer using the PEG ratio, which is calculated by dividing the P/E ratio by the EPS growth rate. To get a more normalised growth figure, I use the 5-year EPS growth rate rather than relying on a single year’s performance.
Generally, a PEG ratio below 1 is considered attractive, but on the NGX, many stocks already trade below that level. As a result, I focus on stocks with PEG ratios below 0.2. I’ve found this to be a sweet spot for identifying exceptional value opportunities.
Stocks such as TIP, Aradel, Zenith, Custodian, Presco, UACN, UBA, Linkage, VeritasKap, and WAPCO have exceptionally low PEG ratios on the NGX.
There is no guarantee that these companies will continue to deliver strong earnings growth, nor that the market will eventually recognise that growth and reward them with higher P/E multiples. However, low-PEG stocks provide a significant margin of safety, which can improve the odds of investment success over the long term.
Do some research and pay attention to a few key metrics:
•Revenue growth – high
•Earnings growth – high
•Operating margin – high
•P/E – low
•P/B – low
•P/S – low
If you focus on these key metrics, you’ll find the right NGX companies to buy. Then place your bids on your broker’s platform. Best of luck! #NGXBrickByBrick
Elle a été mariée de force à 12 ans, a eu ses premiers jumeaux à 13 et est tombée enceinte quasiment sans interruption depuis. Y’a des situations où être une femme ressemble vraiment à une malédiction.
I would go for these books below when raising my kids, and probably arrange it according to age, and period for them to grasp the entire concept of being Onye Igbo:
1. The Igbo and Their Neighbours
Ropes of Sand
2. The Igbo Roots of Olaudah Equiano
3. Chike and the River
4. The Drum
5. The Lion and the Jewel
6. Sundiata
7. Niger Ibos
8. The Ibo & Ibibio Speaking Peoples of South-Eastern Nigeria
9. Anthropological Report
On The Ibo-Speaking Peoples Of Nigeria
10. Tribes of Niger Delta
11. An Igbo Civilization: Nri Kingdom and Hegemony
12. The Aro of South-eastern Nigeria, 1650-1980
13. In the Shadow of the Bush
14. The Peoples of Southern Nigeria
15. The Igbo and Their Neighbours
16. A Life of Azikiwe
17. After God is Dibia
18. The Concubine
19. Afa Symbolism And Phenomenology In Nri Kingdom And Hegemony
20. Akụkọ Ifo Ala Anyị (Igbo language)
21. Among Ibos of Nigeria
22. The Lower Niger and Its Tribes.
23. Douglas B. Chambers - Murder at Montpelier
24. Igbo in the Atlantic World African Origins and Diasporic Destinations
25. Igbo Metalsmiths among the Southern Edo
26. Igbo Names in the Nominal Roll of Amelié
27. Igbo De Grunne Casanovas Tefaf 2010
28. Law and Authority in a Nigerian Tribe
29. Igbo Village Affairs
30. My Odyssey: An Autobiography
31. Omalinze: A book of Igbo Folk-Tales
32. The Traditional Architecture of the Igbo of Nigeria
33. Gloria Chuku - Igbo Women and Economic Transformation in Southeastern Nigeria, 1900-1960
34. The Growth of Trade among the Igbo before 1800
35. Unearthing Igbo-Ukwu: Archaeological Discoveries in Eastern Nigeria
36. Trade and Politics in the Niger Delta 1830-1885: An Introduction to the Economics and Political History of Nigeria
37. Traditional Socio-political Organization of the Enuani Igbo of South Central Nigeria
38. Ways of the Rivers- Arts and Environment of the Niger Delta
39. Women in Igbo Life and Thought
40. Women’s Status In The Afikpo Ibo Society