iHaveMadeiT2:
1USD exchanging for N1724 currently

Haba, kilode

Mpeace:
My fear for both fcmb and fdelity is that dey may not survive the next CBN minimum capital requirement without serious modifications

Where fcmb want take get 900billion naira.
That least OS you se today will soon be over bloated

Mpeace:
My fear for both fcmb and fdelity is that dey may not survive the next CBN minimum capital requirement without serious modifications

Where fcmb want take get 900billion naira.
That least OS you se today will soon be over bloated

emmanuelewumi:



The way e be, I won't be surprised if it gets to 120,000 by the end of the year. Because the bull never circulate, dey never start writing story books about the stock market, Nollywood never do movie about NGX, content creators never begin use NGX do skit, we never start giving testimonies in churches concerning the goodness of the stock market, Men of God never start preaching about the NGX, dem never begin share stock picks in the barbing and hair dressing salon, dem never begin analyze stock for bars and beer parlours

megawealth01:


The battle of the ALHAJIS will be interesting on this FOODS

megawealth01:
SUNU #2+ even in this red

megawealth01:


E don do 💯 oooooo

megawealth01:


Well na greed dey send people go village for crypto

agbekoya:

Trove has its challenges but I continue to patronize Trove alongside my two other stockbrokers because of a benefit it offers that the other two does not. On the Trove trading platform you can set limit for sales or buy mandates at very distant figures from current price level. For example while the market price was about N8 I set a sell mandate for UBA at N23 (about 300% up) and forgot about it just recently it hit target and boom which I did not anticipate will be so soon at the time I set the mandate With most other stockbrokers the maximum distance to current price is restricted to 10% differential. Not promoting Trove but presenting my experience, However the global market which is their flagship is something I don't use as I have far superior option that is not readily available to most Nigeirans

emmanuelewumi:




Not bad when you consider currency devaluation.


Assuming Naira to dollar about 10 years ago was N300.

N1 million would buy $3330, growing by 5% would have grown to $5400 which is now equivalent to N7 million.

You also have an investment that is acceptable as collateral security.


I gave someone on this thread a contact at United Capital in the first week of December 2023 and was able to get a loan and account credited in less than 12 hours.interest rate at 20% per annum

He used the loan to buy Dangote Sugar shares at N57 it closed at N81 yesterday.


Assuming the loan was N1 million. He would have bought 17100 units, accumulated interest in the last 5 weeks is about 20k.


If he decides to sell today in order to liquidate the loan and interest, he would have sold for N1.35 million. After paying the principal of N1 million and interest of 20k, he would make a profit of 330k using other people's money.


Whereas the loan the investor got was far more than N1 million.

ositadima1:
It is very surprising how data can reveal patterns that validate logical assumptions.

Below is a screenshot showing the percent deviation from the proposed 12 Nascon to 11 DangSugar ratio. You can see how the market has maintained this deviation between +5% and -5% starting in late August, coinciding with the announcement date of August 30th.

Even though the market does not fully agree on the price given its oscillation, it has maintained proportionality close to the announced ratio.

As of yesterday, we have a +4% deviation in favor of Nascon. I can assure you that one of two things will happen next week.

Either Nascon will fall below 60 or DangSugar will break its highest level of 70.

Edited: From the chart, I also noticed that the two stocks were already moving to align before the announcement date. Is this some form of inside trading? Have some people gotten the news before others?

Duyt1798:
Hi guys!

I hope this my post gets to the FP, so I can get insights from a wider audience; even I know some might not make sense, but one thing I've learnt from the short time I joined this platform, is that - sense dey inside nonsense.

Pardon me, my write fit dey a bit lengthy.

I currently work with a multi-national startup coy. My net pay is a bit above 400k naira (this's at the moment), I've worked for about 2 years. I'm married with two kids and expecting the third.

Now my dilemma is that, I've not been able to save up funds, I feel like my living condition doesn't reflect what I earn. Shingbai like this, I no get for account. The last I could remember, I go deep hand for forex, e nearly give me hypertension (I lost about 2m). I still dey pay debt wey I incur as a result.

Now where I need assistance is, looking at the amount I'm earning, how do I spend? Please for those that will be kind enough to give suggestions, let it practically explained, as in help me break am down to the amount wey I suppose spend, how I suppose spend am, and wetin I suppose save.

I believe say many family people dey here wey get better experiences.

Thanks 🙏.

Locotrader:


Shouting what!!! Means you are surprise to hear that.
Let our actions judge us and reveal who we are.....

Locotrader:


Why the exclamation?!!!!!!
That means you are new in this business Nah.
Do you know I invested in union homes at 8+ in 2008 and also starcomms at 1+,I didn't see kobo to recoup from my 1.2 m naira investment then.
This is one of the reasons I became an emergency Jijoist till date.
Never fall in love with any stock.

Agbalowomeri:


I invested something similar around the same time. I think they gave back to back 1:3 bonuses for three years before that Calabar man misadventures. All in all, it was a good school fees to pay. I never bothered to recover anything that was left there

essentialone:
I received a pay off from Union Bank yesterday afternoon.I nearly shed tears of sadness ,I obtained a loan of five hundred thousand naira in 2005 as a civil servant, invested same on Union Bank shares, with no appreciable dividends declared since then,I was paid fifty thousand naira yesterday for five hundred thousand naira investment in 2005, this is sad and unfortunate.
A discouragement on investing in shares which I believe now should be for those who wish to trade in shares and not for civil servants who are thinking of life after retirement.
Most of our investment on shares between 2003 and 2008 were wasted by Some Directors of the quoted companies

Locotrader:
Mega pls who is defebe?

Both of you loaded unity today after one week of gaining 10 10%?

stcool:


Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

stcool:


How do you guys want to make money when you panic and sell at every gain. Anyways some people sold Ucap sold at N3

Have you even bothered to ask what price Providus will buy Unity bank and what will be the value of the new bank compared to your purchase price?

Goodluck to everyone.

Zyxsc:
I'm a software engineer working remotely from Nigeria. I earn a 7-figure monthly salary.
With my salary only (at an average exchange rate of 850/$), it would take me about 6.6 years to save up 100 million, provided I have zero dependents and had to cater only for myself throughout those years. It's quite a naive way to project this though because a lot of things can happen along those years. But it still gives an idealistic comparison base.

So my question goes to Nigerians currently living or have lived abroad. Can you tell us the country, the job title, and how long it would take to save up to NGN100 milliion, assuming you have zero dependents and have to cater for only yourself. Do remember to factor in taxes if any and other living expenses for yourself alone

The reason for my question is not far-fetched. I'm just wondering if it's worth it to sell ones' properties worth milliions just to JAPA and go start over again. Please, refrain from dragging the country's situation into your answer or any other reason to JAPA. Kindly focus on answering the question as best as possible.

Thanks.

Zyxsc:
I'm a software engineer working remotely from Nigeria. I earn a 7-figure monthly salary.
With my salary only (at an average exchange rate of 850/$), it would take me about 6.6 years to save up 100 million, provided I have zero dependents and had to cater only for myself throughout those years. It's quite a naive way to project this though because a lot of things can happen along those years. But it still gives an idealistic comparison base.
Keel deceiving yourself..you don't have anyone you are spending money on, but you had a baba with you girlfriend like 3 years ago, you baba na driver and you no they give am money.. No be only 7 digits you they earn, na 8 digits self...Someone earning 8 digits but na 2007 car or 2.5m he they find
So my question goes to Nigerians currently living or have lived abroad. Can you tell us the country, the job title, and how long it would take to save up to NGN100 milliion, assuming you have zero dependents and have to cater for only yourself. Do remember to factor in taxes if any and other living expenses for yourself alone

The reason for my question is not far-fetched. I'm just wondering if it's worth it to sell ones' properties worth milliions just to JAPA and go start over again. Please, refrain from dragging the country's situation into your answer or any other reason to JAPA. Kindly focus on answering the question as best as possible.

Thanks.