₦airaland Forum

DeRuggedProf:
Are you thinking that people's habits have changed with the lock-down? NB trucks are still active, align....

Cc: VCV....

RabbiDoracle:
Christmas came so early for us with cash.

So we will wait knowing that we bought at 50 to 70% discount from the highs.

Breweries was like 85% to 90% discount.

If rapture comes, we go with our stocks

seyisanya:
Has anyone funded their Morgan Capital account this week? Did you pay into their Polaris or Zenith account?

Thanks.

RabbiDoracle:
All of you were laughing at me at the other forum when I told you it will fall to 136 and you said you love torn shirts. Oya, see am na.

yom2:
. Dont u know that Chinese are good with local mystical teas and tianshi

OBAGADAFFI:
Let me help clear up some issues about wealth.ng


Wealth.ng is a product of Sankore Securities Limited, just like Invest.ng from United Capital.

Sankore Securities is your broker .


All shares you buy must be in your name, except you subscribe to the mutual funds products.

Some brokers can help your mandate with the registrars, while others will others will charge you for it.

wamiikechukwu:
I remember paying some naira as CSCS commission, but wasn't given any number.


I think the letter is what they did...


Please Can you tell me the essence of having a CSCS number.

Eldemmi:
how much is it pls and where did u order

wamiikechukwu:
I saw the requirements to open an account with Morgan Capital... I weak.


I opened with wealth.ng


I am Planning on buying 1,000 unit of UBA today but I feel the price is high.


What do you think will it fall below #5. 35?

RabbiDoracle:
Most countries have been trading online since.

It is even a plus that Nigeria can sustain online trading inspite of the challenges.

Our cases are not as high as places in EU

Na Spain and Italy weak me pass. And they will be making mouth that they are developed economies.

abohwun:
GT media V8 finder at #24k. But there is satlink below 20k it doesn't play video.

jamesope04:
Your response does not, in any way tally with his question. He requested for a sat finder to aid his tracking struggle and you are recommending him a decoder. Will he take the decoder to the roof when tracking?

RabbiDoracle:
What we see on NSE isn't loss na?

In one EM stock I watch, I saw 47% in 1 day. Fear catch me. Here it is just 10% cap.

Sayaba:
have you tried ourtv. It’s for 11,900.00 only with no subscription and 18 premium channels

RabbiDoracle:
In 1987, the swift financial crash made Dow lose 41% from its all time high.

In 1999 till 2001 dotcom bubble, Dow lost 38%.

In 2008 till 2009 financial crisis, Dow lost 54%

This 2020, Dow lost 38.5% in 2 months. This is just a health crisis.

I think it the range is around 38% to 54% over a period of 34 years where these 4 crashes happened.

I expect the candles to stay close to the cloud (kumo) on HTF.

freeman67:
Looking @ the % of share prices that tanked on NSE from January to date, the only stock that looks defensive there now is FMN.

Barryp:
Beloved, I was listening to a radio station and heard about an online store where you shop and drop your account number so that as others shop after you, you get daily alerts.
I invested my savings and three months down the line, no alerts. I now discovered that you have to introduce new members before you can get thedailyalert, which is contrary to the advert on radio.
If you know you are not a marketer, don't even try it. In case you opt to sell the products, you can't get back up to 10% of your investment.
I just lost my hard earned money in this difficult time. Had I know.
I am also dissappointed that reputable radio stations especially in Port Harcourt are allowing these scammers to use their platforms to scam innocent citizens. The people of Port Harcourt especially, beware of these scammers. There are in all the radio stations in Port Harcourt
How do I report them, please?

davodyguy:
Check AliExpress.
Download the app on your phone now and search Sat finder

https://m.nl.aliexpress.com/wholesale/Original+sat+finder.html?channel=direct&keywords=Original+sat+finder

gold360:
Pls why did uba not pay dividend today?

LokosoUK:
My Ogas, what do you think about this commentary below? I got this from a WhatsApp group. It painted a scary scenario for Nigeria

It is already happening. About 70 cargoes are currently stranded - no buyers. Nigeria is currently offering a $5 discount which means we are selling at a loss. Major problem is that we are no longer a low cost producer like back in the days when most of our oil was produced from onshore and marginal fields. Now the bulk of our oil comes from expensive deep sea offshore oil wells - bringing our average oil production cost to $17 per barrel. Meanwhile Saudi produces at $2.8 - $5 on the average and is offering $8 - $10 discount per barrel. Russia produces at $15 but has solid foreign reserves of $500bn/$600bn.

I understand that most IOCs, including Shell, are now considering scaling back their capes- which of course affects our future production capacity. NNPC has said that if oil price continues to tank from this level, Nigeria will stop selling because it will be at a massive loss.

Without export proceeds, we have only FDI and FPI to fund our fast declining foreign reserves. Unfortunately foreign investors are heading out amid fears around Nigeria's bleak macro prospects.

Therefore we are heading for a situation worse than 2015. We have massive Eurobonds that need to be serviced. Our currency is overvalued - fair value is from 425/$. We are also heading into a negative real interest rate environment. A combination of these two factors will make Nigeria very unattractive to foreign investors - just like in 2015. Unfortubately CBN does not have the kind of latitude it had in 2015. Our debt service cost to revenue ratio is already overstretched at above 50%. We cannot even issue the new Eurobonds we need to issue because yield on our existing Eurobonds has gone up to 15% levels - almost reflecting a potential default.

Worse still we have to manage a deadly combination of Lassa and Coronavirus. The prognosis is really scary. In 2008/2009 we had a financial crisis. Today we have a deadly Health crisis and a bigger Financial crisis rolled into one.

My advice. Avoid taking on any FX obligation if you can. Pray fervently for Russia, Saudi and OPEC+ to come back together, and for a cheap and effective vaccine or cure for Coronavirus to be found

MckenzieSkyBlog:
According to The Nation, the leader of the Independent People of Biafra (IPOB), Mazi Nnamdi Kanu announced a donation of N50 million to help combat the potential spread of coronavirus pandemic in Biafra land.

Kanu made this announcement on Friday in an audio broadcast made available to the Nation, where he said that they never saw it coming and are committing an initial N50 million to help equip the hospitals in Biafra land in a view to help fight the spread of the virus.

He said: “We never knew that the virus is coming, we have commitments all over the world, we are committing initial N50 million to make sure we educate and prepare our people for what is...SEE MORE HERE

shrink007:
is it possible to merge 2 CHN ?

Godisfaithful:
Peteru this is for you ....


CBN suspends FX sales to BDCs till further notice

amustsuccess:
I presently run an account with my analog brokers, and plan to open another with Morgan.

Can I run two accounts at the same time?

Are there implications?


Thanks!

Mcy56:
Wait, why are people not considering the healthcare coys around this time self?
Saw Fidson transactions now and remembered them.

PS: Not saying it's good or bad for pick ooo. Just observation.

DexterousOne:
From the way he handled the issue ab initio

To allowing under your watch 90% of your medical supplies and drug come from China (which btw you have marked as a trade adversary and slammed tariff after tariff)
To refusing to invoke the defence production act
To disbanding the medical emergency response team

To defunding the CDC

And the list is endless


May God never allow a demagogue like Trump lead my Nigeria

fabem:
\

Just do blind scan and those channels will come up

wamiikechukwu:
Thanks so much... I notice most people here don't answer newbie questions.

Also is there any tip that you would need a beginner to take note of...

Thanks so much

fabem:
The way Multi TV is adding new channels this days is alarming. All TNT now on Multi TV and also many french channels. Anyway it is getting more interesting sha.

veecovee:
No! NSE loot is ending up here.

However, if you are wise, you can start converting it to heavenly wealth. By getting truly born again first. ... start investing in evangelism, helping the less privileged, supporting God's works, paying ur tithe accurately, etc.

Remember, you must be truly born again first

Mstaiwoabby:
Hello people,

Please I want you people to teach me this stock thing. I have interest in it but I don’t know much about it. I really want to make good use of this idle time but I don’t know where to start from. I have read this thread from the beginning but I don’t seem to understand. Please help a sister, I want to make money while staying at home for this covid19.