₦airaland Forum

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

ogawisdom:
ZENITH will certainly stay below 100 tomorrow, already touched 99.70 today, when i predicted it in April many people laughed it off, the way it is going even sub 90 is possible.

let me get ready to take a second tranch of Zenith as i continue to observe the dip getting dipper, dippest

Except an institutional investors or HNI enters the market this is far from over. The confidence in the market is LOW because of too many ignorant investors doing herds mentality .

ppogba:
If you deal in stocks and has never gone close to crying then, maybe you never start.

The most important thing is, let your shock absorber be original. Ladipo own fit let you down

Ginalex:
Dangsugar for just continue the dipping streak

guyzgirl:
This is not as beautiful as it looks.

The entirety of the “turnaround” is from disposal of assets, that is not a turnaround, but a one-off, which can even signal more problems as those assets are no longer available to generate income. When normalized, for the core operations of the business, the result is largely flat.

guyzgirl:
The difference is you opting for what you have the infrastructure to handle. What they have effectively done is import a problem into the NGX and make the infrastructure gap which was being side-stepped by the t+3 settlement system evident.

With regards to the question around bridge financing, it is important to remember that transactions on the NGX are already pricy at above a minimum of 2% for a round trip transaction, most of these fees going to regulators. A bridge finance is added cost, because no one would provide that for free.

On a final note, we need to understand that we need foreign investors to deepen the equity market, if not we would never see some liquidity, valuations and listings we have been dreaming about, a $1trn economy is not achievable using only local capital.

In retrospect, this might be one of the greatest contributors to the blood on the dance floor. With foreign investors yet to figure out how to trade seamlessly, they would simply pull out capital. Run first and figure it out later.

Meerahbel:
This is a valid concern, but I don't think T+1 is necessarily the problem.

Faster settlement is the direction every serious capital market is moving toward because it reduces counterparty risk, improves market efficiency, and lowers settlement failures. Nigeria cannot postpone modernization indefinitely simply because other parts of the financial system are still developing.

The real issue isn't T+1—it's the FX market. If investors struggle to access naira on demand, they would face that challenge under T+2 as well. T+1 simply exposes a weakness that has existed for years.

In fact, introducing T+1 could pressure regulators and market participants to improve FX liquidity, settlement infrastructure, and funding mechanisms faster. Waiting until everything is perfect before modernizing may only delay reforms.

Also, FTSE Russell placing Nigeria's reclassification on hold doesn't automatically mean T+1 is a mistake. Their review considers overall market accessibility, including FX availability, capital mobility, and operational efficiency. T+1 is just one part of a much larger picture.

The better solution isn't to abandon T+1. It's to strengthen the FX market, improve intraday liquidity, expand securities lending and financing, and ensure foreign investors can access naira efficiently. Once those pieces improve, T+1 becomes a competitive advantage rather than a disadvantage.

So the debate shouldn't be "T+1 or T+2." It should be how quickly Nigeria can build the supporting infrastructure that allows T+1 to work as intended.

mikeapollo:
FTSE Russell can go to blazes! The NGX rules are not meant for only FTSE Russell.
Now, ask yourself this fundamental question: Between T+2 and T+1, which one is better for market liquidity, and investor confidence?
T+2 and T+1 are the preferred trading cycles in most global exchanges, so what is different with NGX opting from T+2 to T+1?

otomatic:
I've learnt a lot from this explanation.

If they have deep-pocket brokers, can't the brokers give them some form of bridge financing pending the conversion of fx? They can even do it at minimal or no charge depending on the volume of transactions.

How come the regulators did not even consider this?

yMcy56:
NGX doesn't have to consider foreigners ahead of locals
And between, FTSE Russell is just trying to be dramatic because the implementation was made purposely because of foreigners, for ease of transactions and repatriation of funds, amongst others..

So if they are not comfortable with our policies, let's them carry their wahala and go.

For the past 2 or more years that NGX has been delivering, was it as a result of their classification in the first place?
We don't even want foreign participation in our market to be higher than that of indigenous', they used to end up messing up such economy.

@Streetinvestor2, did you remember when one international Rating Agency was trying to do nonsense that year?
People told them to hold their ratings, and NGX even performed better thereafter...

Ginalex:
When I see things like so so so will never go below so so so price, in mind I'm always like (make we dey see😁). Nahco that I set 100 and 150 as my target entry prices, e don break 150 now trading below 140. If I had not sold at 259 then, e for pepper me ehn ...

Streetinvestor2:
Because they come to get free investment analysis all the time.Na only them sabi how to make money
Make them post small make we read too

leo1234:
They only drop their complaints and go back to ghost mode

toyeoye:
🚨 Cement stocks are taking a hit today.
BUACEMENT (-10%) joins DANGCEM (-10%) at limit-down, putting more than ₦30T in combined market cap under selling pressure.

eagleonearth:
sorry I have modified my post sir. I am very well boss. What I mean is at least they were not eliminated automatically like the likes of Haiti and turkey. At least they got a world cup point for the first time after a very long time. With the new FIFA rules of setting aside goal difference factor, I think there is hope for them.

megawealth01:
You get time ooooo

ACCESS wey I want to enter sub 10 or back to 6 naira

Asangbekoko:
Why posting your prayer on this public forum?
You should have prayed it privately, knowing that a lot of people bought the shares around #30 with expectation of price appreciation.

A legendary 'Undertaker' would come here to to post an incantation that the bear would continue for the next 5 months, just because he sold his holdings in May, and you guys are here applauding him!

We should stop accepting all sorts of nonsense on this forum.

ppogba:
Thanks.

Wonderful. Even the report sent to me by Meristem quoted N8.10 amongst others.

ppogba:
Someone should please help cure my ignorance.

NEIMETH closed at N81.10 yesterday.
Today, the Opening price was quoted at N7.70

Please, what happened?

I had to look at many stock market reports to be sure I was not dreaming .

Please what happened?

ojeysky:
I saw cutix too 1950 units at 3.2 and am wondering what is going on.

Rayjay45:
These yeye hydration breaks na joykiller ojare.


Look what FIFA and the US have turned our beautiful game into!

ppogba:
I always maintain that any semblance of sanity in the Nigerian economy will only begin with serious cleansing in the banking sector and the CBN itself. That the setting was rotten even from the head (CBN ) before now may be debatable but not in doubt. At least we have a Governor with IZAL and scrubbing brush for now.

nosa2:
The only gambling I do is to bet against Super Eagles when they are playing a high stakes match. If they win I am happy my team won and I don't mind losing the money. If they lose I am sad but I get small consolation from the money I won.

So far I am up in my gambling career

Antoeni:
I Never Knew a Time Will Come in Nigeria When The People in Prison Will Be Far More Safer Than The People Outside.

Iamblessed8888:
Dumb!! I’d pick stanbic MMF with monthly compounding and if you dont want stanbic’s rate which is around 15%, first ally MMF offers same 18% and is SEC accredited. STL MMF will even give you 21% or so which is more than the 100k.

Bottom line is you want to put such amount in a SEC accredited investment vehicle and with a company that has way more than that as Assets under management, and with a physical office

ghm:
Loans from banks like Afrexim Bank cannot be structured like that. Such loans typically come with a very favourable interest rate, a moratorium period, and a medium‑to‑long‑term tenor.

What we don't know is what he used as collateral for Afrexim Bank. Banks are not supposed to borrow with the intention of using the loan's purpose as collateral.

Agbalowomeri:
Has he sold?