₦airaland Forum

crownprince2017:
I'm of the believed cardoso should not cut rate now until the results outlined above compound well enough.
Once the results compound, cut rate you will be amazed how the narrative will change quickly.

My brother, let him cut o. Like speedily sef.

Who 27.5% epp??

At 35% inflation we could maybe understand the justification.

5 consecutive months of below 25% inflation is sufficient to demand a cut.

Isn't the 27.5% dilutionary? Why aren't we speaking on that effect?


Money whose supply increases by 27% every would be worth less na, compared to once whose supply only increases by 5%



The annoying part is even them thinking it'd the 27.5 that's working.


Id you need FPI money, keep OMO bills at 23% yields for them na, that doesn't mean your benchmark rates can't be dropped to 18%


How about reducing current debt yields by one-third and then saving perhaps N5trn in cost of debt servicing.


How about allowing businesses enjoy some relief in their finance cost.

My brother!!!!

That Cardoso own, I have opinion o. A very strong opinion, and it's that he needs to start cutting, we need benchmark rates at 18% or lower before H2 '26.

Please agree.

chimex38:
If you want to be amongst the first seller or buyer at a particular price,
Be in office(phone or laptop ) @9am
Make order pre-market time @9:30am.
Order Executes from @10am market time

Yes, but since it's 100% remote, we don't mind 😁😁😁

After you place orders, you can go about your other dealings. And the only appraisal you get is just how high or low your funds grow, so no dealing with bad vibes, bootlicking or office politics. Sweet job!

If you target 100k gains for the day and you make it by 10:15, you can simply close for the day!

I love it!

GeneralDae:
People just ran away with the rumour that Dangote was fighting Tinubu. It’s so funny how folks could easily believe some of these rumours.

In those early days didn't the president form an economic committee?? With Jim, Tony, Dangote, Rabiu??

This was like within the first year??

But rumors can be crazy, crazy even in the face of glaring facts atimes 😁

reezee:
That some people in government are trying to sabotage him may not directly be linked to the presidency. Have you seen him complain since Ojulari came on board? The people that he is currently fighting, which is visible to everyone are those labour leaders in NUPENG AND DAPMANN and you can see government's efforts in trying to intervene with the agreements that were reached.

You're right sir.

reezee:
There were others that had unfettered access to FX rate during Buhari's government but what did they do with it? They decided to make short term gains. Later, they will all come out crying that Dangote is monopolizing the market. The FX market is no more for lazy people, thanks to government's FX policies.

Exactly!

chimex38:
Jijoing can happen 2-3x a day..
jijoist fit make 20% in one day.
Buy low(9-11am),
sell high(12-2pm),
buy low again(2-4pm),
sell high(4-5pm)

We pray the graph is that straight o.

The reality for day traders is that you fit buy 9am thinking you got a bargain, 10 am, offers exceed bids, 4pm full offer, 3 months laters you're still hoping.

Agbalowomeri:
5pm will be boring

Is 2pm not already boring for you 😁😁

With index refusing to touch your 130k?

My thinking is even if they change to 12pm closing, it'll still be boring since your kind of bears only come once in 5 years.

It's looking more like once in a generation with the way the economy is shaping 😁😁

You're still my favorite uncle o.

I'm just saying, time flies when you're having fun, not so much when you're waiting endlessly.

GeneralDae:
Arguing? Notice I said true at the beginning. I wasn’t debating your points but I was giving more details especially to Tinubu supporters who keep saying he was bold on subsidy removal. I am saying I doubt he would have allowed full deregulation by now without the Dangote effect which started in October 2024.

Ahh...
My bad oh!!!

It's that GeeKudi guy I was thinking about 😁

I was sha wondering, how come this person suddenly started making sense.


No offense to GeeKudi.

GeneralDae na my guy na.

I guess I mixed up the monikers cos I haven't had breakfast 😁😁😁

GeneralDae:
True, without Dangote refinery coming on stream, I doubt Tinubu would have successfully removed fuel subsidy by now. He removed it on May 29th, 2023 and then floated the naira in June. The resulting inflation and increased money supply shut the naira to 1000 by October 2023 and he had to bring back subsidy again by using only the official rate of 800 for PMS imports.

This got worse in February 2024 when we harmonized both official and parallel rates again at 1300/1400. We did that but we were still subsidising PMS imports by using the 800 rate until October 2024 when subsidy was fully removed because of Dangote’s entrance.

Between December 2023 and September 2024, NNPC was owing international oil marketers $6.8 Billion and serious fuel queues returned as a result of this. We were on our way to serious collapse.

You now made it seem like we were arguing??
We're basically saying the same thing.

And I'm not a politician at all.

I haven't had voter's card since 2011. And i'v never voted.

Toluway:
NGX considers extending trading hours to 5.00 pm
https://punchng.com/ngx-considers-extending-trading-hours-to-5-pm/

Interesting.

They mentioned trying to increase daily trading volume 10x

From the current $11m to $100m.

Cool.

But they should expand the infrastructure first sha.
.cos even this $11m currently causes a lot of lag in the data stream.

Active trading sessions will now be 440 minutes from the current 260.

GeneralDae:
Nah. In this case, Emiefele supported the refinery by ensuring he had smooth access to FX at official rate. If Dangote was still building at a critical stage in 2023 and 2024, he would have struggled due to the instability and constant devaluation but the official rate peg was more stable for him and Emiefele/Buhari took the project as a critical one. But this would not have continued for long though if FX scarcity at CBN continued and net reserves dried up.

You're right.

The fx policies at the time, though bad, was of net benefits to the completion of the refinery.

Alhaji likes to say CBN only gave him $2bn , but they probably gave him more by keeping the rates low, and since the bulk of his earnings were in naira, he could artificially get more dollars.

Olaide1295:
Don't mind them. Dangote refinery coming to life is because Tinubu set enabling policies.
If dollar peg was still there and Dangote needed to lobby CBN and wait for weeks before he gets USD to buy crude oil, won't the refinery have collapsed?
Good govt. policies have a way of smoothening out business that you will think success has nothing to do with the government.

How about government left the currency to float and there was no refinery, we're still looking for $2bn monthly to import fuel, would the currency not have collapsed?

No one is saying government policies haven't been super helpful, what I'm saying is that when Alhaji decided to stake $20bn on the economy about a decade ago, it was a seed he planted, and the impact of that on the economy shouldn't be understated.


Currency peg was removed in 2023, yet the impact was that diesel went from 1050 to 1700.

Maybe it's so easy to forget

It wasn't another currency peg removal that brought diesel down from 1700, it was a local refinery that started producing, what we're saying is that he too (like the government) deserves credit that's not small.

reezee:
Don't you think government policies are the reasons why Dangote is able to have significant impact on the economy? I believe the aim of every government should be creating an enabling environment for businesses to thrive. Even Dangote always acknowledge the influence of the government in making it easy for his businesses to thrive. We can blame them for many things, but deregulation has ensured that there's healthy competition in the market.

What we're saying is the government policies were not specifically drafted for DIL, let people stop keeping money they make or steal from this country in Dubai and Switzerland.

Let one of them instead attempt a 20Gw power plant or better still and investment in transmission or maybe an integrated one like in Aba.

Let another do steel,
Let another commit to producing 10 million tonnes of corn etc.

It's annoying to think of them keeping funds useless like that!!!


Government policies help Dangote, true , but that's cos he keys in to those policies, let others do too. Cos their names just merely being on Forbes list really ain't epping anyone.

GeeKudi:
But why do you want to remove DIL?

You don't see how businesses and companies have been declaring profits every quarter. Why do you want any of them removed from this positive trajectory in our country?
This is the reason I hate politics. Why can't you politicians just flow with the recent positives in the country and wait for your time? Why do you want anything subtracted from the gains we are currently having?

Next time, copy the original post to chatGpt first, let it break it down for you, then you'll likely realize your comment is hasty and irrelevant.

chimex38:
DIL is a Sovereign Republic within a Republic.

😁😁😁

GeneralDae:
Even cooking gas. His cooking gas price has always been lower but his production capacity of cooking gas is still not sufficient enough for the market so he doesn’t control the market share at the moment. He has however crashed his cooking gas price to 740. He plans to triple his capacity soon and then he can influence cooking gas prices too like he does PMS.
I believe the reason cement prices are still high at 10k (should be at least 9k) is that there are lots of informal taxes there and Government tax is high and he has complained about this several times. He said 52 kobo out of every 1 naira profit they make goes to various taxes.
We’ll see how the new tax law addresses this issue of multiple taxation.

💯 💯

GeneralDae:
Dangote cement:

“My new six million tons of cement plant at Itori, Ogun State, is not for the Nigeria market. It's 100% for export - Dangote”

The government is drastically understating the impact of DIL on the economy.

Remove DIL's investment and let's see how well the reforms alone would go.

Diesel was constantly selling for 1700, man came in and crashed it immediately to 1200, inducing a significant relief to everything from the cost of milling flour to the cost of transporting tomatoes.


About this time last year we were hearing landing cost of PMS was 1120, add retailers margin, and we'll be talking 1200 in Lagos, man stepped in and we're doing 860.

Tinubu wants me to believe it's just reforms that are taming inflation?


Then you hear him talking of the largest export of Urea, export of cement.

Imagine how proud I was to read about him shipping hundreds of thousands of tons of PMS to the U.S, and Tinubu wants people to believe it's just reforms that are driving trade surplus??


That man is the only man that can make me get a PVC, I'll wake up at 5am on election day(I typically wake up past 8am), and stay with the vote for as long as needed if he ever chooses to contest.

I won't even care if he embezzles half the national budget, cos I know, unlike some dumb folks that will stash it foolishly in foreign economies, the man will deploy it fully back to help the economy way more than their borehole and street light budgets are currently doing.

He must make heaven!

Thank God BUA also seems to be following his footsteps!

Ndidi2:
Please kindly help me figure out the source of the money
My mum sent it to me

Dimerge Nigeria Limited?

Or you can contact First Bank to be certain.

GeneralDae:
Reserves are already $41.84 Billion as at September 15th, 2025.

Awesome 😁😁

Naira sustaining it's rally, closing today at 1484.14

With reserves expected to hit $41.8bn after tonight's figures, next resistance is 1450!

jonnysessy:
When someone wakes, it is that person's morning. There is still money to be made from Presco. That newbie should not be discouraged about quantity. A good stock remains a good stock. This was how I penciled down Airtel, Seplat, Dangote Cement, Bua food for a long time without buying a unit and over time their prices double, some trebled because I was worrying about how many units I will be able to buy.

Lesson learnt: Buy fundamentally sound stocks irrespective of their price. It is by far better than buying in great quantity of junk stocks

You need some level of maturity to hold these kind of stocks.

Maturity that makes you stay focused when some penny stocks are flying 200% mostly on the basis that just N1bn can cause a 100% rally in some of them.

Whereas these ones need almost the same amount for just a price change.


Think of it as magnetizing steel vs magnetizing cast iron, from what I remember one is slower to rise but is persistent, while the other rises very rapidly, but also crashes very rapidly.

GTBank buying at 1468!

GeneralDae:
Official rate at the moment from Bloomberg website. Hopefully we get to 1400 between now and end of October.

Nice 😁😁
Reserves at $41.7bn and rising

Russian oil looks like it might be going off the market.

I think the currency will stay shining for now.

USD officially broke its 1500 support today though.

1500 resistance for NGN!

Closing at 1497.47 according to Investment One.

GeneralDae:
I doubt they would cut by more than 50 bps. You would want FPI to still be interested in holding as much naira as possible especially if the U.S FED doesn’t cut rates on Wednesday.

Cardoso doesn't look like he likes moving in bits 😁

They should actually even do 650bps!
With $100trn M2, rates at c. 25% averagely are diluting the currency with N25trn new printings per year!


For FOMC, I Think a cut is already ascertained, whether it'll be 25 or 50 is what. the markets are watching for.

Except, Powell wants another drama from Trump.

It'll probably make a nice episode to watch going into the weekend 😁

BUAFOODS kick-starting ASI's journey to 150k today.

August's CPI printing lower.

CBN Should add velocity to these masses by doing a 150bps cut next week, so the momentum can be sustained.

Market set for first weekly green in weeks.
September is now officially green!

Some are still waiting at 125k 😁😁

FibonacciAI:
Sorry I missed the beam part...

Use the TMT for it has higher yield strength than even some regular y16

Thank you!
TMT it is then.

kkonsults:
You can use Y12 but make sure the rings don't exceed 200mm spacing

K

Thank you!

FibonacciAI:
Please don't use y16 for Slabs it's a waste and you will likely face concrete cover problems and tensile cracking issues.

Please do structural design to avoid unnecessary cost and waste.

You can use the partial y16, don't make the mistake of decreasing the reinforcement of your suspended storey floor members especially the columns because high moment magnitude from the analysis on this storeys might be the leading factor for the design and not the axial load.

CHECK MY SIGNATURE FOR STRUCTURAL DESIGNS AND CONSULTATION.

It doesn't look like you read the original post well.

- The slab is already done, your response assumed it isn't.
- What I wrote was about using Y16 on slab beams


I prefer responses that have answers to the actual question asked

IYGEAL:
The Registrars are gradually getting things right.

I agree.

Life shouldn't be hard.

MeezPat:
Not all Registrars. Afriprudential and Coronation are very good. I am still battling 3 registrars here

Can't speak on the place of registrars. All I know is I've not had to fill any form, and I've always gotten every dividend.

BUAFOODS was particularly interesting cos I qualified via both MCSE and ATLS, and both came in without any issues despite the account at Atlass being less than 3 months old.