₦airaland Forum

Yes.
The reinvest clause they added is the sweet spot.

As long as I'm only selling GTCO to buy buacement then to Berger paints.

Which is largely what I do, I'm good 😊

mikeapollo:
Wow, thanks for this.

✊

mikeapollo:
But I heard that CBN (or NGX) reported that FPI in NGX is about N1.3 trillion

FPIs have been playing more in the debt market.

They're only about 21% for the year on the NGX, THEY WERE JUST 8% in July when the exchange traded one of the largest volumes ever.

We retail traders have been more active too.
Doing over 30% of the market.

I do about 0.1% of all retail trades!!!
That's exciting considering that number of CSCS accounts opened this year alone are over 100k.

Agbalowomeri:
Omo Brent @-17USD

😁😁😁

Agbalowomeri:
But both are not mutually exclusive

Given that the market has weaned itself of FPIs that like dumps, I don't think it'll swing that much.

Those FPIs showed me(us) shege during COVID when crude dropped below $0.

My 10k band estimate would be 137 - 147 for the rest of the year.

Agbalowomeri:
To close at 150 may mean that we could still see 125-130k before a roar back up

DANGCEM won't pull it that much,
BUAs are not that distributed.
AIRTEL is stuck till 2027 😁
Only bad Q3 from MTNN would give your expectation some hope.

Bank dividends too, but those cannot drag more than 5k off.

150k is more likely than 130

Agbalowomeri:
Lol that means youhaven't been following my calls

True.
I haven't been active on the forum until recently.

I just know you've always wanted close-shop-go-back-village bargains 😁😁

Agbalowomeri:
Whichever way, it is still an inverted hammar

Down down down below we go

Since when did you start saying this?
45k

Why not just put one leg in? 😁😁😁

One more session.
August's green is hanging by a thin thread.

Will it break tomorrow?
Will August end in red?
Will the index close below 140k?

MTNN has been doing more N410 than 435.

Hopefully the volumes stay lean on the ticker tomorrow, otherwise all my questions will have "Yes 😭😭😭" as answers.

olaremint:
someone dragged GT shares down by buying over 18million units at 92 naira per unit= over 1.6 billion naira
imagine selling those units at 97 naira per units 2 days later.
this life no balance ooo

That'll be around N36m gains if the stock moves N5 up, if it moves N5 down down, it'd be a N144m loss to him.

You're aware even if he sells at 95, he might still be selling at a loss.

mikeapollo:
It is well. Kirikiri go overfull.

😁😁😁😁

Joyful365:
If you are a businessman and your annual turnover is under 100 million then you are exempt from tax and you can minimise your tax burden by pushing most of your expenses into the business and paying yourself very little to stay within tolerable tax limits.

Some PoS have N100m turnover in one month!

Any business that trades up to N1m a day already does N250m -N300m in annual turnover.

Some elubo sellers turnover more than 500k daily.

Maybe N1bn would have been better.

They sometimes forget that the currency has lost so much value!

mikeapollo:
Is it really true that some people on NSEMPA deliberately instigate people to buy/sell a particular stocks just for the instigator to take advantage and sell the stocks high or buy cheap?
I always wonder because the NGX is much bigger than this platform and I don't believe what happens here can significantly influence the price of stocks on the NGX trading floor.

Depends on the stock.
N50m can push some stock to full bid, while N200m isn't even enough fro a price movement on others.

feelamong:
na now market suppose start to sweet for bargain hunters

They're still waiting for market at 130k.

I think 150 is more likely than 130.

Agba is waiting at 78k!

No stock gained up to 5% today??

mikeapollo:
Factually speaking, to me, it is not about likeness or no likeness.. I am neither PDP nor APC nor ADC nor SDP nor APGA nor NNPP (or whatever).

You are Ellu P

KarlTom:
I don't think so...
Infact it shed 10% today

N6 to N0 is still 100%

Lofty1000:
Guys hope you didn't sleep on this
https://doclib.ngxgroup.com/Financial_NewsDocs/44900_LEGEND_INTERNET_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf


Easy 100% starting from tomorrow

The news came out unexpectedly

In what direction

You know price movements are vectors, and you only mentioned a magnitude.

Agbalowomeri:


Omo see wahala

Maybe my account was hacked

😁😁😁

Agbalowomeri:
It cannot even be a reason. The only reason why there is more revenue after devaluation is that there is less pressure on the dollar which can be deployed elsewhere instead of defending the naira.

If it is one of the reasons, then the government should not be fighting tooth and nail to keep the naira stable

You wrote entirely in English??

ojeysky:
Geregu would have dropped a couple of 10s if there were daily 1 time 100k buyers

Another comment without context.

KarlTom:
@Awesomej

Like you rightly pointed out GEREGU resumed without the 10% drop...

I taya

bassdow:
oh!!!
You right.
But my responses to even a single question ain't meant for consumption of a single person.Thanks Oga Prof

Then you wait till those who need your response solicit for it.

Thank you so much Allboiz!

bassdow:
Like I said earlier, do your calculations before going ahead to be sure it's what you want. Every FX transform from weaker to stronger currency involves some level of loss hence your 10,000 naira when converted to Dollar, looses some amounts. You need be sure the interest you earn would offSet that loss and still earn you substantial amount. With how stable the naira is at the moment, you need thread carefully and also, if it's for the short term (which means you might need the money any time soon), don't bother at all.

TLDR; Compare interest rates between Local MMF and USD based MMF, ensure after deducting Foreign exchange conversion looses, it's still worth it

Your advice is redundant.

If I'm asking for people who have experience on what the current fees are, why do you think I need it??


This advise you're giving is what I would have given you myself 5-6 years ago.

When you quote people's posts, always try to answer what they ask if you have the answer, not trying as a graduate student to lecture your professor with the assumption that he doesn't know what you know.

Seun:
My grandmother used to sing these songs during our daily devotionals when I was between 4 and 9.

1. Agbara Eshu Da

Agbara eshu da, nibi to Jesu gbe joba?
Agbara eshu da? Ko si o o ti wo.

Ko si o, o ti wo,
Ko si o, o ti wo.

Agbara Eshu da nibi to Jesu gbe joba?
Agbara Eshu da? Ko si o o ti wo.

Translation:
Where is the power of Satan where Jesus is King?
It's not there, it's destroyed.

2. Ope L'ounje Re
Ope l'ounje Re, Ope l'ounge Re.
EI j'amala, ei je'kokore o.
Ope lounje re.

Translation :
Gratitude is his food.
He doesn't eat Amala.
He doesn't eat Ikokore.
Gratitude is his food.

Gratitude is His Food. His!

I reached out to Atlass, they said the automated deposit and withdrawals is currently being integrated.

So let's see if they can roll it out before the end of the quarter.

This should probably make it available at Morgan too.

Allboiz:
Why don't you convert to naira an invest in naira?

Naira investment is better than any dollar investment at the moment.

However, if you insist, put it at the back of your mind you'll mostly likely run into loss if your dollar Investment is not for a long term (like 10 years). And this will happen due to different charges on dollar transfer. Don't be surprised that you may end up paying up to 100usd for 1000usd transfer. So do your math well.

These charges are exactly the variables I need to know to run the maths.

It'll be best to have someone share their experience.

bassdow:
my take on this is, except you've got Dollar already, might not really make much sense or any at all due to exchange rate convert fees. One needs consider cost of converting from Naira to Dollar and back EXCEPT of course the Naira decides to jumpp from 1,550 per Dollar to 1,000 naira per Dollar overNight

I actually have naira primarily.

I was just trying to see if I could get 6% net of all fees from the USD holdings, so I can have like 5-10% of my portfolio in a second currency.

OoDeeA:
Pls which platform do you use that allows you to see all this market transactions. Mine does not putting me at a disadvantage of information.
Abeg let me know.

Atlas and Morgan Capital.

NSEstudent:
This being a public forum means you can share to them. I am not sure you'd be breaking any law that I am aware of by doing so.

I don't think the brokers or the developer of that iTrade platform can do much about withdrawal period for sales that happen same day. I suppose the NGX, CSCS and other relevant stakeholders have to play a part in vetting and reconciling sales before final clients can have them in their accounts. Even those who use direct cash settlement don't receive the funds same day they sell.

As for depositing and withdrawing funds that have stayed T+3 days in clients' accounts, I believe they can do better.

I still think it's same to ask permission, public forum or not 😁

For withdrawals, traders like myself often have a significant portion of our portfolio as cash, so when we make withdrawal requests, they're not from shares sold on the given day, but rather from our existing cash balance, so that's the use case for making it instant.

@locotrader @stockHunter @NSEstudent do you permit that I send screenshots of this page 9511 in an email to MCSE and Atlas??

They actually use the same software vendor (Caladata) so if these user feedback motivates then to automate their deposits/withdrawal flows, it should be easier for that vendor to implement and ship?