₦airaland Forum

Errdrop:
This was 2013.... Saying GT, Nestle, Nigeria brewery are expensive.
Let compare the expensiveness to today.... Omoh. Over 10 years later

jckgroup1:
🏦 Nigeria might be getting a second stock exchange.
And this is one I will be watching very closely.

A Professor — Prof Ndubuisi Ekekwe — just received an Approval-in-Principle from the SEC to launch a new securities exchange.
It is called Contisx.

Targeting launch by September 2026.

Now before we get excited — AIP is not a full license yet.
There are still boxes to tick before this becomes fully official.
But the man behind it is not someone to dismiss.

Johns Hopkins PhD.
Worked at Analog Devices and contributed to components used in the iPhone.
Professor at Carnegie Mellon.
TED Fellow. World Economic Forum Young Global Leader.

*This is a serious person.*

So what is Contisx trying to do?
From what we know so far — it is designed to cover equities, bonds, ETFs, derivatives, and private markets.

The vision that caught my attention is this.
Roughly ₦5 trillion is sitting outside Nigeria's banking system.
Idle. Earning nothing.

Contisx wants to put that money to work.

They are also targeting diaspora investors, cooperatives, and state governments.
Headquarters in Owerri. Regional centres coming in Aba, Kano, and Ibadan.

Now here is where I will be honest with you.

There are questions I don't have answers to yet 👇🏽

Will existing NGX companies be able to trade on Contisx?

What will listing requirements look like?
How will they solve the liquidity problem — because even the NGX hasn't fully cracked this.
Can retail investors like us trade from day one?

These are the questions that will determine if this changes anything.

*My personal take?*

Competition for the NGX is not a bad thing.
It could push for better technology, lower costs, and more access for everyday investors.

But a new exchange lives or dies by liquidity.

And liquidity takes time to build.

This story is still developing(One i am very much interested in) and I will keep you updated as Contisx moves closer to launch.

Stay sharp, stay safe and invest wisely.
Ndewo 👋🏽


Re posted

nosa2:
visit the OANDO thread on SMN via wayback machine and read through. You will understand why I genuinely feel sorry for people investing in OANDO

Audacius:
Please, how long does it typically take to get CSCS registration done by stockbrokers. ARM has been on CSCS registration for someone I introduced to them for so long. To even open account and get kyc done was a hurdle. Been on the whole process for over 3 months. Is it that opening new accounts is made more difficult by regulatory requirements or this particular stockbroker has had enough clients and can't take more. Mails yield nothing beyond how deeply sorry they are.

nosa2:
I am going to reference your post on ngx forum and respond to you there. I am not doing this to necessarily drive traffic there, but rather I believe we are about to have a conversation that we/others might want to refer to in the future.

You can see my response in the link below

https://ngxforum.com/thread/51/presco-plc?page=1&scrollTo=555

toyeoye:
Stock Bubbles now reaches 4,800+ active NGX users with 9+ minute session time during live trading hours.
We’re onboarding a limited number of finance-native partners for structured visibility during real-time market coverage.
Serious inquiries can reach out via DM on X or contact@stockbubbles.com.ng

wx9Z:
It’s live now. Sorry about that.

You can use folio.ngxpulse.ng for your portfolio tracker. It’s better than what’s available in the market. iOS and AppStore soon.

Kaczynski:
Nigerians and free things

wx9Z:
I built NGX Pulse - free real-time stock terminal for Nigerian investors.

✅ Live prices for 150+ NGX stocks
✅ Real-time ASI tracking
✅ Sector performance
✅ FX rates

No signup required. 100% free.

Try it: http://ngxpulse.ng

Would love your feedback! 🇳🇬

sterlingD:
Abeg our people who are using ARMONE how una dey take manage do trade l have not been seeing market bids and market offers since Friday

deathwing:
Omo, how did Aradel pay dividend into the same account old whose number I don't know. Coronation registrars never accepted my dividend mandate from NIbbs, so where did they get this account number from? Omo I'm so pissed.

emmanuelewumi:
They were a major player in the telecommunications sector during the era intercellular, cellcom, starcomm, reltel.

That was before the coming of GSM.


They had a wonderful growth story that never materialized

debostar:
Please anyone been able to register successfully on Self-service | NIBSS Document Management Hub Portal

zendi:
Just seeing this, as I've been distracted offline.

I'm afraid you'll have to to consult that glossary of nsempa slangs we compiled here sometime ago for accurate definition.
Sorry I can't dig it up right now and don't want to risk giving you slightly inaccurate definition.

But what I can share with you right now is that if Men In Black regularly attack two or three entities in your portfolio for just one year, you may find yourself scrolling upandan the Forbes List searching for your name.

mikeapollo:
Please, ProphetUtuocha, always provide some context and updates when you give tips on Oando.
Also, a ''prophet' that disappears from his ''congregation'' for a very long time and then reappears for few seconds only to disappear again would not be a faith-inspiring ''prophet'' to those who may believe his ''ministry''.
Stay put and deliver the message! Abi you dey go to the mountain to fast and pray for more revelations on Oando?

Audacius:
IN-HOUSE DICTIONARY OF ACRONYMS



NSEMPA: Nigeria Stock Exchange Market Pick Alerts – Name of the thread.

BNSTIL: A very old NSEMPA shorthand for "Brothers and Sisters in the Lord".

FA: Fundamental Analysis – Stock analysis done with fundamentals of a stock such as financial statements and other economic indicators.

TA: Technical Analysis – Stock analysis done with using some technical tools and charts.

GA: Gut Analysis – From claims of having “gut feelings” about how a stock will move.

SA: Spiritual or Sentimental Analysis – From sentimental attachment to a stock and claims of spiritual insight into the future of a stock.

FUGAZ: Acronym for First Bank, UBA, GTCO, Accesscorp and Zenith. Conisdered highly capitalizaed banks.

MH: Monkey hunting/ Monkey hunter – An allegation/accusation that a stock is being manipulated either by calls to buy or sell off. The "monkey hunter" then profits by buying more or selling off their holdings when prices move in their favour.
Background: From story of a businessman who goes to a village to buy monkeys. He buys at different intervals at ever higher prices thus creating a market for monkeys along with artificial scarcity. He ends up selling off all the monkeys back to the villagers who hoped there will always be market for monkey sale. He disappears after selling at the highest price and all the villagers had monkeys with no one to sell to, losing all their money in the bid. Author of the real story unknown. It is posted here once in a while.

SMN: stockmarketnewsnigeria [dot] com. A now-defunct website exclusively created for stock discussions like here. Was probably owned by owners of Nairaland.

Cowboys: CEOs of notable companies who are considered to display manipulative business tactics.

Men in Black: An old NSEMPA term for deep pocket investors who can cause stock price movement because of the volume they trade, and who actually do so to cause price movement.

One Afolabi Unit: 2,000 units of any stock.
Background: I can’t recall. Someone should kindly provide the story behind the “Afolabi units” term.

JIJO: Jump in, Jump out. Term used by traders. Means buying a stock and selling at the very shortest term especially as soon as it makes some gains.

Tashere Units: Very few numbers of shares bought or left unsold. Amount depends on the person. Such shares are either bought or left in the portfolio to have a "foot in the door”, e.g. so as not to have to process e-dividend all over again or just to see how the stock will perform.

Loot: A gloating or bragging term for large profit from short term trade. A jackpot from JIJO. (As described by @Zendi)

Bull from Burundi: A way to describe noticeable general rise in the prices of stocks. An apparent play on the words bull and Burundi.

Stockfish: The newest NSEMPA term. (c. 2024) Used to denote a stock that is considered as having lost value so much that it is nearly worthless and a trap for whoever buys it. A play on shares as a financial instrument and fish in the market.

NOTA BENE
- Some of these are standard investment terminologies (FA, TA, FUGAZ), others grew out of constant conversations and banters and created by members here or brought from SMN. I cannot recall who started using what term. All rights reserved to them.
- This compilation is just a contribution to render this thread easier to understand for new readers. It will be reposted maybe monthly or quarterly to aid new readers. Kindly correct, modify, clarify and add.

Thanks.

Also, special thanks to: Zendi, Sunrisepebble.

Sunrisepebble:
What about "Tashere Units"

Audacius:
IN-HOUSE DICTIONARY OF ACRONYMS



NSEMPA: Nigeria Stock Exchange Market Pick Alerts – Name of the thread.

BNSTIL: A very old NSEMPA shorthand for "Brothers and Sisters in the Lord".

FA: Fundamental Analysis – Stock analysis done with fundamentals of a stock such as financial statements and other economic indicators.

TA: Technical Analysis – Stock analysis done with using some technical tools and charts.

GA: Gut Analysis – From claims of having “gut feelings” about how a stock will move.

SA: Spiritual or Sentimental Analysis – From sentimental attachment to a stock and claims of spiritual insight into the future of a stock.

FUGAZ: Acronym for First Bank, UBA, GTCO, Accesscorp and Zenith. Conisdered highly capitalizaed banks.

MH: Monkey hunting/ Monkey hunter – An allegation/accusation that a stock is being manipulated either by calls to buy or sell off. The "monkey hunter" then profits by buying more or selling off their holdings when prices move in their favour.
Background: From story of a businessman who goes to a village to buy monkeys. He buys at different intervals at ever higher prices thus creating a market for monkeys along with artificial scarcity. He ends up selling off all the monkeys back to the villagers who hoped there will always be market for monkey sale. He disappears after selling at the highest price and all the villagers had monkeys with no one to sell to, losing all their money in the bid. Author of the real story unknown. It is posted here once in a while.

SMN: stockmarketnewsnigeria [dot] com. A now-defunct website exclusively created for stock discussions like here. Was probably owned by owners of Nairaland.

Cowboys: CEOs of notable companies who are considered to display manipulative business tactics.

Men in Black: An old NSEMPA term for deep pocket investors who can cause stock price movement because of the volume they trade, and who actually do so to cause price movement.

One Afolabi Unit: 2,000 units of any stock.
Background: I can’t recall. Someone should kindly provide the story behind the “Afolabi units” term.

JIJO: Jump in, Jump out. Term used by traders. Means buying a stock and selling at the very shortest term especially as soon as it makes some gains.

Tashere Units: Very few numbers of shares bought or left unsold. Amount depends on the person. Such shares are either bought or left in the portfolio to have a "foot in the door”, e.g. so as not to have to process e-dividend all over again or just to see how the stock will perform.

Loot: A gloating or bragging term for large profit from short term trade. A jackpot from JIJO. (As described by @Zendi)

Bull from Burundi: A way to describe noticeable general rise in the prices of stocks. An apparent play on the words bull and Burundi.

Stockfish: The newest NSEMPA term. (c. 2024) Used to denote a stock that is considered as having lost value so much that it is nearly worthless and a trap for whoever buys it. A play on shares as a financial instrument and fish in the market.

NOTA BENE
- Some of these are standard investment terminologies (FA, TA, FUGAZ), others grew out of constant conversations and banters and created by members here or brought from SMN. I cannot recall who started using what term. All rights reserved to them.
- This compilation is just a contribution to render this thread easier to understand for new readers. It will be reposted maybe monthly or quarterly to aid new readers. Kindly correct, modify, clarify and add.

Thanks.
Also, special thanks to: Zendi, Sunrisepebble.

Agbalowomeri:
I don't do so too but it is the fact.
The kind of stocks that you buy will definitely give you sleepless nights

GeeKudi:
There is even a e-didvend mandate form online that he can fill and it is automatically sent to all the registrars in his stock holdings and for any subsequent stock he acquires. I can't lay my hand on it now but it's only a google search away.

emmaodet:
Have filled the necessary info and documents on the portal.
Please how do I track my dividends progress? I downloaded a document with some numbers for each stock.
How do I use it? Thanks

crownprince2017:
Let them know that it's not free too.

Hogwarthtrades:
We are all students of the market 10, 20,30. 70 years old. Most of all you need is here if you can put in the work (companies, brokerage house to choose from,etc). Start from Page 1 is the way to go. This shouldn't take up to a week or more than a month depends on how much of a voracious reader you are (I will not suggest what i didn't do myself). This gives you better picture of how the past played out (political and economic scenario of Nigeria since 2012 till date). To keep up with daily gist, you can always read through the current post daily. All the best, if you still have questions, post here, peeps will give their suggestions.

Welcome to the Jungle!!!!

119mba:
Ikeja Hotel Dividend received on 31st July and I didn't submit E-dividend mandate. I believe their Regitrars Greenwich used my Bank details with my Stockbroker through which I bought the shares even though I already have an active mandated E-divided for ECOBANK with the same Registrars for another Bank.
I wish other Regitrars do same to reduce stress for Shareholders, my Gtb Dividends have been hanging for so long, done everything they asked and got tired jor.

Streetinvestor2:
Going by Pa Emma account of things that happened in the 80s comparing it to what I can equally remember. Like me learning my first bike riding in a primary school field for a kobo.And my favourite drink then Green shandy. I believe he came after the biafra war.He should be btw 52-53 yrs.

bfn1:
This thread was created 10 years ago & you are commenting on its 6,766th page.
That should tell you a lot about it.

You'll get good information to guide your investment decisions.

Lovelygbems:
Meaning you don't know anything about business models.... especially a private equity