TarOrfeeek:



That's not the total stock valuation.

The companies listed have a valuation of 500million dollars or more. Which is also a VERY GOOD thing.

Especially for a tier 1 bank like Zenith bank.
The dollar availability issue is a regulatory issue and nothing to do with their financial Operations.

Kennyking1234:
I think that happened during a test flight one of their pilot died. With Richard Branson it would a penny stock.

Willie2015:


I use Visa Card....
I have funded my acct more than twice...
And trsf same to T212 successfully...
Try Visa Card pls
Also try to read rules guiding deposits and withdrawal...

Willie2015:



Use Skrill...
Its working...

boxypane:
He didn't deliver in Italy you know... What is the assurance now?

Kennyking1234:
I am trying to... but it is not working.

yok:
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posty56:
please know waste your time for that guy , I came here expecting smart Nigerians to criticize Nigeria government not knowing that clueless people full here, the fintech I use to trade America stocks (trove) insures your money upto $500,000 anything above that is at your risk ,now , tell me which politician go use that Kain app launder money? when what they steal is above that , some people here are backward as the government, God bless binance God bless Trove and other fun tech , enjoy your valueless naira while boys they cash out legit

Ohyinyeah:
Fintech are giving banks a good run for their money, margin has reduced for banks hence they only way they can do it, is get a court injunction to freeze those Fintech account. Infact most of the founders of the mentioned app didn't even get any notice they read it from the internet.

" CBN alleged that they operated without license and crippled the exchange rate" I will like to see the data presented by CBN to support this allegation. If a couple of fintechs that mainly millennials use could have this effect on a whole country's exchange rate then Nigeria's situation is worse than we all think.


It started from rice ,then milk and corn at some point they blamed fuel subsidy and smuggling then they blamed corruption. Moved to BDC .

They kept looking for blamr now fintech. Soon they will say dom accounts are responsible for "dollarization" of the economy

4Play:


The most frustrating is the multiple exchange rates which is simply an avenue for them to profit from arbitrage by buying dollars at official rates and selling at market rates.

Having instituted a policy framework to facilitate their thievery, they then set about frustrating entrepreneurs in particular and Nigerians in general all in a bid to ensure a constant stream of loot.

It's just cruelty and greed masquerading as legitimate exchange rate management.

A lot of them are also aging dinosaurs, so they don't appreciate these fintech ventures and want to curtail them in order to ensure they alone get to decide who gets scarce foreign exchange.

Sabiboy99:


What can a spy do.. isn't there freedom of speech anymore..

Tobex4realTobex234:
The government of the ban, the block and the freeze.

Zero innovation. Zero capacity. Zero ideas. Just be blocking and freezing and banning and expect miracles to open.

Rice. Banned yet rice price no come down
Borders. Closed yet no notable improvement
Crypto. Banned yet Nigeria still has the highest P2P transactions, and FX still no gree improve
Twitter. blocked yet people are still tweeting steady.
FX to BDC blocked yet naira rate no gree improve

So freezing account of fintechs is just another futile attempt by empty heads leading a collapsing zoo.

mickky22:


Goodday gurus
I also which to buy from primary market but all my efforts prove abortive.
I visited stanbic I was told the minimum amount to buy from primary is N50m and for me to buy from secondary market I need to have an account with them.

Please how do you manage t0 buy from primary market with less than N50m.


Thanks

IyaTola:
�In my opinion CBN are trying to engineer a bank run on these fintechs... So that investing Nigerians on this platforms might feel the need to exchange their investment for Naira just to be safe.... In return raising Naira value short term like their thinking

FarahAideed:


And you assume I am of the same social class with U? . .. Robinhood is the one that receives the dividend and pro rates it to re allot it ...the stock exchange don't know you they know Robinhood ...at any time robinhood could clean you out ....well I can't keep arguing with a typical Nigerian sheep , afterall people like you fund my life everyday and I am thankful .. without people like some of us will not eat

ivolt:

Think independently for once.
American companies are not breaking SEC rules of investment, if they do, they get hefty fines.
Besides, the trade are done in dollars which is not scarce for Americans.

Nigeria has SEC rules banning certain FX transactions without license and within certain limits.
Sentiments or ignorance cannot protect a company that breaks financial rules.

FarahAideed:


I didn't say it's illegal but no exchange in America issues you a share cert for fractional shares ...I am sure I have spent more money on Robinhood than you have so shut up and learn

CSTRR:

Well, maybe if Nigeria had a history of less corruption, and strong regulatory policies and a stable economy, the US would have no problem in their citizens investing in our fractional stocks.

The US would not stop their citizens from investing in most European stocks and possibly even Chinese stocks until the recent trade wars.

Besides there is no difference between fractional stocks and buying full stocks.

The only difference is that you are buying a fraction of it which is even a safeguard for the customers.

FarahAideed:


Buying stocks properly is a lot different from this fractional stock owning fraud these companies are perpetrating ....the American govt will never allow Americans to buy Nigerian fractional stock if the reverse is done .... Truth be told companies like trove , Chaka , Bamboo are just playing on the desperateness of Nigerians to hedge inflation and stealing from them by creating a fraudulent mirror exchange that just steals from you...The US stock exchange only recognizes full shares and not fractions and that's why these companies cannot provided you with any evidence that you own shares other than a computer screen showing you green and red arrows ....Don't let them play you

4Play:


The thread "died" when the YOLO stocks peaked in February/March 2021. It was very predictable that the buzz/excitement won't last.....selecting individual stocks that outperform is more difficult than many people like to believe.

Now the CBN appears to have delivered another blow. It appears the government's specialty is maximising hardship.

FarahAideed:
What's those companies are doing is nothing but economic sabotage ..taking scarce Forex to go and invest it in the American stock market ...Can they try that in America ? They will be jailed for 50 years

Righteousness2:
These guys are not running away because they feel like Exercising or they wanna go on Picnic or holiday.
They are running away because they understand what many of us do not understand.

The World is Preparing to enter into a time JESUS Christ Described as "Great tribulation", such as was not since the beginning of the world to this time.

In these Endtimes, If u place your trust on man, Country, technology or Super Power, you will end up disappointed. If you Place on anything other than JESUS Christ , you will be messed up.

Anymoment, Anyday now, JESUS will snatch HIS People out of this world.
Do not Joke with these things. Sort out the Matter of your salvation with JESUS Christ.
There is no more time.

thundafire:
Trump deals gave Talibans an edge and that's why Biden left them to their fate because Afghan government are filled with sabotage and outdated Islamic ideas