₦airaland Forum

ahiboilandgas:
how come the naira didn't gain any value when we stop importation of cement and rice ...and also ban 42 item

To me there are many things attached to naira loosing value against dollars and not necessarily banning of items u mentioned below. People buy dollars almost everyday to keep and if am no wrong there is over 20bn dollars sitting in diff dom accounts doing nothing, if there is a policy which states that there is a limit of dollars people can have in their accounts, naira will surely regain it strength. My opinion though

ahiboilandgas:
but Nigeria current vp hold most of his asset in pounds around 900 k pounds in his asset declaration

I don't go against any one buying dollars or pounds oo after all I also have Dom a/c and I can buy if I have the need

Mcy56:
It also means the bus driver has eventually arrived the car park and throway the key. The passengers will stay for a lonnggg time in the bus. One day, if they're lucky like those in courtville's, they MAY see someone to locate the spare key and open for them but IF NOT ...... .......hhmmm.
Advice: As a newbie, don't just buy anything you see on the Exchange (NSE) if you're not sure of it. Ask first.

How would newbie learn? They must learn ooo all of us passed through the university of NSE faculty of hard knock department of burnt finger so let them learn last last they will come out as the best graduating students

Donbrig:
You guys should not write off our economy or naira yet. Lot of things will start happening as from 2020. You guys should be extremely careful with the buying of dollars. The importation of refined oil from overseas, causing huge demand for dollar is the biggest problem our naira and economy is having... Buhari will certainly put a ban on PMS anytime as from next year, and Dangote refinary will pick up with full effect, naira will experience unprecedented strength for the first time in decades. Most Domiciliary account holders will be compelled to maintain local account in naira.

High interest rates on t-bills might not be experienced anytime soon, rates might continue to reduce as our economy gets stronger and stronger with CBN encouraging more foods and goods to be produced locally, that's why CBN granted a whopping sum of 30billion naira to our local palm oil producers.

Nigerian oil marketers are already investing in our local sub refinaries in different states, because they have already seen the hand writing on the wall. In couple of months from now, business will no longer be as usual in Nigeria.


God bless Nigeria.

That is why someone like Otedola opted out from down stream, he has seen the hand writing on the wall. I wished the very best for my country and for those buying dollars to me they can still continue to buy it all about taking risk to go higher

Acidosis:
The TBills vs. Business argument is not necessary. The money for TBills must come from a business or salary (someone else's business).

Not in all cases sir as you stated abovementioned

oluayebenz:
I'm not actually getting what's trending over here......
Are you guys saying TB is better than doing business?

Business is still your best bet in Nigeria, you have 10m u invest in NTB your interest per year is around 1.2m and you think doing business wont yield more than twice of that?
The main thing is dont go into any business you know nothing about.

And to the guy saying is bad running business from abroad, forget that...... some are doing it and making it big.

Treasury bill is just upgraded savings

Oga, nobody is saying TB is Better than doing business what we are saying is, Tb gives rest of mind than taking business risk with a lot of headache. I will rather go for tb and have my peace than gambling in business with my hard earned money since I will not be there all the time to monitor things by my self. No matter how strong a dog is it can not watch over two separate houses the same time. If you can't be there your self then you have done charity for people but if you can be there your self then you are good to go am not talking theory, am talking from experience. For now am having my peace while mapping out strategies to launch out again in business but for now am ok. For tb and other investment like mmf and stocks I can have in come of 5m for a year so am ok for now than go into business and be nursing my pains again

House,

Has any one did anything with Sterling assest mgt trustee here before?

dipoolowoo:
NASCON to Expand Product Range for More Earnings
https://businesspost.ng/2019/06/14/nascon-to-expand-product-range-for-more-earnings/

Shareholders Okay N6.5bn for Recapitalisation of Wapic Insurance
https://businesspost.ng/2019/06/14/shareholders-okay-n6-5bn-for-recapitalisation-of-wapic-insurance/

Fidelity Bank Offers Loans to Auto Spare Part Dealers
https://businesspost.ng/2019/06/14/fidelity-bank-offers-loans-to-auto-spare-part-dealers/

Nigeria Suffers 43% Drop in Foreign Investment Inflows
https://businesspost.ng/2019/06/14/nigeria-suffers-43-drop-in-foreign-investment-inflows/

Nigeria to Borrow N809bn from T-Bills Investors in Q3 2019
https://businesspost.ng/2019/06/14/nigeria-to-borrow-n809bn-from-t-bills-investors-in-q3-2019/

809bn in q3? all the money wey suppose go stock market will be channeled to TB?

Desanta:
Mutual fund (money market fund), would have given you about 20k in a month.

Really! with which investment company/bank and at what %?

Jobac:
Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress.

Oga port to TB

locodemy:
Even your JB predictions never come true.

Everyone ought to predict ni o.

no one can predict the market, one can only assume.

Bomboclad:
No fundamental basis. I prefer to call it "Stock Magic".

ok sir

Bomboclad:
Two days ago, I mentioned that I had 2 stocks on my radar which would go up massively soon and have negative EPS, one of them is FO, and so you know, it would get to 35 before it retraces. This is my opinion anyways, waiting for the second one to move so I am sure my analysis is good.

Good luck!

on what basis pls?

OgogoroFreak:
What does red oil got to do with tbills?

Sorry for digression!

yok:
chai u sure say e don near wave 5,how many days remain before en enter inside finish?make water no carry Janet oo.

The analysis is done on weekly basis. The one posted is for current week. By next week some of the classification will change again. Sometimes, the results do baffle me too. But the chart (with our small fundamentals behind it) is like "the gods speaking" we have no option but to obey. For example, I am currently doing the calculation in my head, can't just I buy CCNN, I know the 2nd quarter result will look good or Nigeria Breweries when it was still in the NGN70 region, but alas by now, I would have been in more pain.

We need to develop the spirit of patience these days.

Cifia pain oooo. ...... bolded is the watch word

lancee:
Exactly sir ..News started by some group of reporters ..How do you want investors to come in with uncertainty and complex system ..For example some people saying naira shld be floated , if for example its done , they will still come out and criticize the same Govt that prices of goods and services is out of control and common man is suffering
Too much drama in our country

You got it! they will still say the govt is clueless they dont know what they are doing. Plenty drama!

freeman67:
While I will say it is depends on the area you leave or buy your stuff, if I am give the prices of these items based on where I stay I will say this particular statement is completely false. Where I leave, in town a 25ltr of Palm oil is sold between N11500-13,000. while in the suburban markets you can get it between N9500-10500. Also no local rice sells for N6500 around here not even for the 25kg bag... In the town markets, malls and stores it is sold between N16,000-N19000 while you will it is sold from N15,000.

sorry to coming, i just gave a friend 100k to start the red oil biz and the person told me they usually get it for 7k and sell it for 8k/25ltr at ikotunn market in Lagos

stcool:
You are asking me a question that you have an answer to...I met Nigeria this way and you want me to provide a solution to the pending currency crisis.

Instead of asking the clueless Next Level government to stimulate the economy and look for way to be less dependence on oil you are asking me question. Did you hear that I won any election?

How many days now since PMB was sworn in yet nobody knows the direction we are going, nobody is talking, zero policy guideline and you want a miracle to happen to your economy by CBN continuous artificial intervention in the currency market.

I will only look for how to profit from whatever the outcome is....this is my final answer to your question.

https://oilprice.com/Energy/Crude-Oil/Oil-Plunges-On-Fears-Of-Weak-Demand.html

You want me to exchange words with you but never will
I do that. Kudos to you for all you have itemized above. But one thing is certain and sure I will never say cos of selfish reasons I will support policy that worsten the poverty level of the citizens. That where I stand, during the first 4 years of the clueless govt, I made better money and by God grace I will still make better in the current cluelss 4yrs but for selfish reason to support policy of devaluation without much to export, mono economy, consumption economy and not a production economy! Never will I support such policy. All the same kudos to you for all you have said.

stcool:
Let them continue injecting...its not sustainable, the hand writing is clear

Allow market forces determine actual price is the only way forward. A consumer nation defending its currency from oil revenue only spells doom!

https://www.reuters.com/article/us-oil-opec-novak-falih/oil-price-could-fall-to-30-if-global-deal-not-extended-novak-idUSKCN1TB162

I have asked you the question before, I what ways would naira floating be of benefit to the economy without creating high level poverty. Cos I can see u are a strong advocate of money floating

lancee:
After changing to dollars and nothing coming as intrest or investments ,,one go still change back to naira again and up and down
Let not wish for any naira going up not a good thing

My brother that is.my point but cos of ourselfishness, we wants floating of naira

stcool:
Nigerian rich list that keep majority of their investment in $ are not stupid...Ask your VP.

OK you change and you keep it for life? I don't have access to my VP but at least I can ask you. Unless your sources of income are dollars constantly. Like Intel's/atiku nothing changed in the long run

stcool:
The first step is denial...
Start accumulating $ gradually in your portfolio.

If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria

stcool:
They can delay it, but no matter how long a free float is the only sustainable way forward and the Naira will fall to the dollar. My projection is around N440-500

How will the FG meet up with the increased national minimum wage, debt servicing and the same time meet capital expenditure?

We dey wait...Denial is the first stage by CBN and expect that this week.

So in what way will floating of naira benefits common man in Nigeria? That is my own question pls answer this with facts pls

yok:
DID YOU CHECK THE MSCI PORTFOLIO MOVEMENT ON MORNINGSTAR TODAY 11 JUNE 2019

http://portfolios.morningstar.com/fund/holdings?t=NGE&region=usa&culture=en-US

this is what it look like:

do they sell at loss too?

valentinenwoko:
pls i wnat to open online trading account. pls which has the lowest transaction fee via efficiency.

when compared to office stockbroker is it cheaper ?

Port to Morgan security

tritritri:
Heart is heavy...my simpathy to long termers ooh.

i have told myself i dont want to incure losses again or it would be minimal losses if at all. It was only in CCNN which i gamble for the first time cos of the news of their M&A i made loss but immediately it galloped twice i bailed out bought at 20- sold at 18 thank God for UBA that nill off the loss. I can never be glue to any stock at all. Imagine what my loss would have be if am still in CCNN BUS

tritritri:
DANGSUGAR my heart ..kai.

Double 3 wetin happen to you heart?

Intendy:
Stocks with new 52 weeks lows

APR #3.41k
Unilever #28.60k
Cutix #1.46k
Nahco #3.06k
Ccnn #13.50k
Unity bank #0.63k

always like your update, kudos!

Bomboclad:
I rather foresee a bullish week.

Please where you see am I beg I wan jump from fence enter ooo!

Dunkofia20:
Please some people talk of Tuition fees what did they mean by that

When you start your Bsc investment in the University of NSE, am sure before you finshed your 4yrs course you would have paid school fees then you will understand the term of school fees better. Also, pray you don't have multiple carry over in some 30-50 unit courses else you will pay multiple school fees and by then you would have understood the concept of school fees very much better

CashDiMkpa:


Tuition fees loading......

you too sharp oooo, i wan talk say the guy go pay tuition fee taya

Dunkofia20:
The money is too small am thinking like starting with 500k or 1 million

oga, please read the post and digest it. He was only telling you the minimum start up, you can start with 500 billion if you like.