₦airaland Forum

Hello All,

Can someone confirm if it is true that it is no longer possible to create an account on NASD OTC Securities Exchange?

There are some 11plc (Former Mobil Nigeria) shares i want to sell since last year but my stock broker keeps saying the portal is down and they cannot open an account for me on that platform.

crownprince2017:
Yesterday's White House Shooting Shows That America Needs Peace Just As Much as Nigeria...Or Maybe Even More!

Yesterday, there was a serious shooting incident near the White House, and the American seat of government had to be placed on lockdown to protect President Trump and his key officials after two National Guard soldiers were shot and critically wounded.

I am grateful that President Trump is safe, as this is obviously a man ordained by God who has already done much good and is destined for even greater things on Earth.

Yesterday's event is a reminder of how God saved President Trump from a domestic terrorist, Thomas Crooks (what a befitting name!), who attempted to take out the then former President on Saturday, July 13, 2024.

This is part of the growing gun crime crisis in the United States. Each year in the US, over 40,000 people die from gun-related incidents. That is more than ten times the number of Nigerians who die from terror-related incidents, according to the Global Terror Index, which put terror-related deaths at 565 in their latest GTI (please see https://www.economicsandpeace.org/report/global-terrorism-index-2025/).

America is the world's greatest country; nevertheless, it has its own issues. Its society is not perfect. And if those Nigerians now calling for President Trump to invade Nigeria relocate to the United States, being Black, they will stand a higher chance of being victims of gun violence than those in Nigeria.

Yes, Nigeria has security challenges, but when was the last time you heard of a shooting close to the Aso Rock Presidential Villa?

Do not be fooled. The rich also cry, and all that glitters is not gold.

No matter how bad things get in Nigeria, we have never had a year in which over 40,000 people were either killed or severely injured in gun crimes, as happens in the United States.

Therefore, stand with Nigeria and President Tinubu as the government and our gallant armed forces work to make Nigeria a secure place for all Nigerians, irrespective of their religion, region, or political affiliation.

Reno Omokri

How is this nonsense related to this thread?


You guys should be careful what you wish for.

Streetinvestor2:
A disgraced ngx can not be prosperous under a failed government. The disgrace continues today. A government whose only interest is 2027 election.Dont come with the bull shit that I should not talk about it here.The actions of the failed government decides the survival of the ngx.And they are doing everything to make it vanish. Look at the werey they over hyped as tax professional

Smart investors make money in bad or good government, devaluation or no devaluation.

It seems you do not care anymore if this thread is destroyed, maybe because you are not meeting your investment target.

That goes to show you are not much different from the people you critise.

So because things are not going your way, you want to bring the thread down.

There is a politics section where you can vent.

You are an elder, show maturity.

Streetinvestor2:
It is what a failed government can cause companies that need to raise fund to run thr businesses. And some people here see me as the problem because am saying the truth. Go to the street and preach to people to come invest on ngx and hear reactions

My brother, please let us keep politics out of this group.

If you feel the government is a failed one, please take it to the politics thread, there are many people that can engage you there.

You are an elder. You know what happened to StockMarketNigeria.com.

If people that feel otherwise engage with you, you know this thread will be derailed.

awesomeJ:
Business Day is reporting $9.1bn in subs vs $2.2 bn offering for this week's Eurobond.

Good new for reserves: $50bn becoming more realistic
Good news for naira: we should move below 1400 in a matter of days
Good news for the market: CBN should be comfortable with another 2-300 bps cut.

Do you know where i can find the interest rate on this?

Most outlets are reporting over subscription, i am wondering what the interest rate is compared to previous one.

ositadima1:
Can you leverage the NGX as a developing market and use compound interest to solve money problems down the line? Here’s a proof of concept: you just had a child and your plan is to give her the best education and life possible. You have ₦6 million in cash. You know that won’t go far, so you come to this thread. Unlike many people who want to double or triple their money with huge risks, you have 10 years incubation and want steady, minimal risk.

You start with 35%. It’s not much, but if you can get it consistently year after year, it’s very doable. In the beginning it’s easier, but as your capital grows, you can drop to 30%, then 25%, and eventually 20% per year. After 10 years, you step down to a consistent 15% annually, which can give you a steady ₦10 million every year withdrawal.

Of course, we also pray leaders like Tinubu don’t jack up inflation again. Less stress—simply using fundamental analysis and matching it with information in this space. Don’t have ₦6 million? Then start with ₦3 million. Ten years down the line, you’ll have ₦5 million earning at consistent 15% per year.

This looks interesting. I have a few questions. Where do you get the 35% from, price appreciation, dividend or injecting more funds into the pool?

Where do you get 35% appreciation from? Stock market does not do conistent yearly appreciation, there will be bear years. How can this work in a volatile market like the stock market. I think this could be feasible in a fixed income market

GeneralDae:
Don’t be rude. If you don’t like my posts, scroll and ignore. There are several political views in the mix on this thread, you are only triggered by mine because it’s contrary to your bias.
So like I said before the anti spam bot banned me, just ignore my post and scroll down.

Apologies if i sounded rude.

But my point is, retreat from the path you are towing because if it is not checked, it will destroy this place. Do not mix business with politics.
We are all here to make money. We share our knowledge, we do not care if you love Tinubu, Buhari, Jonathan, Obi, Atiku, APC, PDP, LP, Christian, Muslim.

If you find anyone bringing polictics into this thread, call them out, we have admins.

We should not enter the gutter with them and do what they are doing.

If you knew StockMarketNigeria.com, it was the best investment website focused on Nigeria ever. But some PDP/APC people came and messed the place up before it was closed down.

We should not allow it to happen here.

I do not care about any politician as they do not care about us. The most important thing is to focus on their policies and how we can benefit from it.

Let wisdom reign.

GeneralDae:
So why didn’t this same factor work in Buhari’s era against Jonathan. The currency also officially depreciated from 197 to over 300 as at 2017 and was almost 500 in the parallel market at that time (from 216 under Jonathan).
Also in the 8 years of Buhari up to 2023, when the official currency depreciated to 450 and the parallel market 750 (almost 3.5 times depreciation), there wasn’t a better inflow of FPI compared to what was found under Jonathan or Obasanjo.

Please what is all this nonsense?

This is an investment thread, why are you trying to derail the objectives of this group? Why not go to politics section and be doing your nonsense comparison and bullshit. Please stop all this nonsense.

This is one of the best investment threads you can ever find anywhere in the world and the success is attibuted to the fact that we are all focused here on making money not about doing praise singing for politicians.

Please got to politics section and be doing this nonsense. We do not care if Obasanjo, Buhari, Tinubu, APC, PDP or whateve is better than what.

Just leave this place

Mpeace:
When their Audited H1 result is out, they will surely pay an interim dividend, especially GTCO

I thought it usually comes out in July and is paid in August.

Seems i got my dates wrong.

Wait no interim dividend from Zenith and GTCO?

Or did i miss it?

Youngzedd:
Invest in FBNQuest Money Market Funds and leave stock alone.

Select quarterly payout.

This is a very solid advise. As you are planning your moms retirement, the best thing she needs is MMF with quaterly payments. You can be topping it up from time to tim.

Winnyluv:
Is there a Whatsapp group or Telegram channel specifically for Study visa application process? I would like to join.

Hello go to Telegram, search for "9ja Canada Study Group", join it.
Another one is : "OJC-Study Abroad Group"

Do not fall for scammers, do not pay anyone for anything.

USA2019:
In case you comment was directed at me, I am not one of the people who left Nigeria and start criticizing the system, rather we've been speaking the bitter truth to people like like you before we departed decades ago.

And regarding your comment about someone saying his monthly salary can feed him, could you reveal to everyone the several bragging utterances the person you're defending spewed before he was put dead in his place with the factual statement? People like you will pervert a narrative just to deceive the gullibles and whip sympathy for your backward cause, just as politicians have mastered.

With all your high IQ, the best you can do is to be spamming an investement thread for days now just to prove what? You are among the top people in the US and you have time to be arguing like a woman in an investment group.

Carry that your high IQ and enter studio with Davido lets see what it will translate to or enter pitch with Osimehm, let us see how well you will perform.

You have a doctorate degree, you are in the US and here arguing like a child to prove that you are right. Arguing with people of low IQ.

You high IQ tells you that you can change the low IQ to high IQ?

In your world people like Sabinus will die of hunger and would not be worthy to be in your presence.

RodgersAkpafu:
Donald Trumo is a moronn
A crook who leveraged on racism to grab power and have shown wanton incompetence since then.
But judges and even his own party is calling his bluff on a lot of things

To have a trifecta and still having problems confirming nominees, budget , etc shows incompetence,

He has not presented even one bill because he knows the bill will fail and he will be disgraced, do he is signing EO left and right which are now being challenged in couet, but that is aside


Rishi Sunak was a good PM on a bad party and in a bad situation
As much as I voted for Labour and Starmer last July, I still respect Sunak. for saving this country after another mugu (Truss) almost sank it....

She did not even last two months and was driven away

Apparently America has been captured by self destructive cowboys and it will be left to see what happens

But Nigeria
Akpabio is saying Tinubu second term is "assured" in an election that is still 2 years away

Imagine Thune saying such?
He will be a goner
These are the societies you wanna compare Nigeria with

So you see?

My brother, i expect that since you have lived in both Nigeria and the West, you would see Nigeria problem is not the people are dumb. There is something more deeper, if you look well, you will see it.

Nigeria is a great country filled with great hard working and smart people.

It does not pay to run our fellow citizens down no matter our achievements in life or anywhere we find ourselves.

There is crime in the West, even the police take bribe over there. scammers full ground. Everything you can find in Nigeria, you will find there when it comes to people but ........

RodgersAkpafu:
Speaks more to the dysfunction of Nigeria 🇳🇬 that the very bright ones (allegedly) do not go far

Social intelligence is good, very good
Knowing how to build relationships et al is very valuable

But when the dregs and the lowlives are the ones using guile masked as Social intelligence to get ahead, it is a symptom of a sick country

Nigeria is a perfect society.

You mean Donald Trump is the brighest American? Or Rusha Sunik was the brighest British?

Everything you describe happening in Nigeria, occurs in the western world too.

ositadima1:
You're making too much noise these days on an open forum. So, is feeding oneself now considered an achievement? What exactly do you do? And no, this is no longer a personal question compared to everything you've already disclosed.

Even Pa Emma, who owns three schools and multiple properties around Lagos, doesn’t make this much noise. You might be surprised to learn that the experiences you claim to have had growing up are actually average compared to some people here. If we start sharing our childhood stories, you’ll be forced to calm down.

But you guys were the ones calling him out and making comments that sounded strange.

Someone said his one month salary would feed Streetinvestor for a whole year. The person needed to be put in his place.
Same for people that leave nigeria and start seeing Nigerians as dumb.

You said importers were to be blamed?

You fail to see they thrived on the failure of the government to provide solutions.

So people that import generators, solar power are destroying the country? Nigerians should wait for the governemnt to provide 24 hours power supply?

Importers thrive when there is a gap to be filled. Nature abhors vacuum.

If the textile industry were producing high quality products at affordable rates, the importers will go out of market and would not have a bussiness to do.

Same applies in all industries.

BabsO2:
Native Intelligence should be a combination of Emotional Intelligence and Social Intelligence. Leading people and organizations to deliver results successfully is not directly related to one's IQ but rather to one's Emotional Intelligence & Social Intelligence. It's also worth noting that having high IQ doesn't automatically mean one is gifted with a high EI or SI

Below are some definitions from Meta AI to help in getting a better view of the definitions of IQ, EI and SI so as not to mix them all up as the same thing.

Intelligence Quotient (IQ) is a score derived from standardized tests designed to measure human intelligence, particularly cognitive abilities such as reasoning, problem-solving, and thinking.

Emotional Intelligence (EI) refers to the ability to recognize and understand emotions in oneself and others, and to use this awareness to guide thought and behavior, enabling effective relationships and decision-making.

Social intelligence refers to the ability to effectively navigate and negotiate complex social relationships and environments. It's a multifaceted construct that involves several key components, including social awareness, social cognition, social skills and behavior, and empathy and perspective-taking.¹

Think of social intelligence like a Swiss Army knife of social skills, with each tool serving a specific purpose. It's what allows us to understand others' motivations, empathize with their feelings, and respond appropriately in various social contexts.

In essence, social intelligence is about being able to read the room, understand the unspoken rules and expectations, and adapt your behavior to different social situations. It's a vital skill that can make all the difference in our personal and professional lives.² ³

To me the best to have is social intelligence.

People like Sabinus, Whizkid, Davido, Osimehn, Taooma, Don Jazzy, Nathaniel Bassey, Omoni Oboli, Funke Akindele did they need hi IQ to be at the level they are in life? Let me even add Pastor Adeboye, Oyedepo, Sam Adeyemi, Jerry Eze, ..... the list is endless

These people i mentioned and their likes have been able to make a difference in the world and global scene.

So high IQ is not a yard stick for measuring success

Streetinvestor2:
You really need serious prayer. The rubbish statistics you are quoting is comings from onyibo man research and what did you expect to be the conclusion. You be big minus I swear.

The richest black man in the world i do not know if he has a masters degree.

Nigeria has won an Olympic Gold medal in football at the olympics, I do not know if any of the countries in the world with the highest IQ has won an Olympic Gold medal in football.

Nigerian music artists are amongst the top rated in the world right now. I do not know their IQ level.

In summary there are many avenues for success, everyone should find theirs. It is stupid to look down on people because in your mind you have an achievement in an area of life. With all their educational achievements, they cannot stand Kany Nwankwo or Victor Osimehm in the world of football

Streetinvestor2:
This line is becoming a problem oh.These children come home with homework. They are all looking for phone to do homework instead of looking out for solutions via test books.They just want to get the answers or result quick instead of serious test book work.It is giving me concern mostly the ones in senior secondary. Do you think is a good development as it was not the case during my days

You have a very valid point.

But you know at the end of the day, after school, you will not be carrying textbooks around. if you need any information you either google it or check AI.

So i guess AI will replace textbooks as you get what you are looking for faster

https://nairametrics.com/2025/03/28/gtco-plc-releases-2024-full-year-audited-results-pays-shareholders-record-dividend-of-n8-03k-for-2024-financial-year/

GTB to pay N7.03k dividend.

Who saw this coming?

[color=#990000][/color]

70 naira loading

dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

Bro, you are in the right thread.

I will advise, you try and read this thread from begining to the end. Take your time. You are still young. By the time you finish, you will know what to do with your current income.

The information in this thread, you can never find it in the best universities in the world. Best of all, it is customised to Nigeria market.

You are doing the right thing.

Screenshot and read a 100 times, anything written by emmanuelewumi.

Streetinvestor2:
I have said it severally that nothing good comes from south Africa to Nigeria. Mtn is a criminal organisation feeding fat on Nigeria economy. They are intentionally declaring loss with collaboration of criminal elements in nigeria. If thr is any country that envies niaja is that useless country. Why nigeria government allows them get away is what I can't explain. The outdated equipments they brought to naija is what they claim to be maintaining with our forex.They are not happy to be forced to list in nigeria. The next useless company is multi choice. All SA companies exploit nigeria people and move back the gain to thr country. And now claim African developed nation

The way you guys attack entrepreneurs needs to be studied.

Is MTN the only company that declared losses?

Are you in nigeria?

Have they increased the prices of their products despite what is happening in nigeria?

Mankind2024:
MTNN is one of the cankerworms, akin to the biblical molt eating worms, a caterpillar worm 🐛 🪱 🐛 that sucks Nigeria's Forex dry.
The rooted problem has existed since its inception, as the then-government failed to enact sufficient legislation to checkmate these Forex-sucking company.
MTNN is indeed unavoidable and undesirable. It single-handedly brought Nigeria to its knees by siphoning $14 billion out of the economy.
Following the paltry regulatory fine of $1.5 billion, which they paid without admitting guilt, I always knew they would get back at the government.
I wonder why the Nigerian government didn't seize the opportunity to nationalise MTNN.
The story of the MTNN scandal, perpetrated with Nigerian collaborators, made me realise that some Nigerians hate Nigeria with passion. The same was true for the P&ID scandal.
MTNN role in Nigeria's current inflation cannot be understated.
MTNN is full of global financial scandal.

Chai,

What did i just read?

Do you know that MTN is one of the companies keeping Nigeria alive?

You avoid the politicians to come and blame MTN for the economic woes nigeria is facing?

All the inputs to production of MTN are imported, from technology used to run their network, to power generating sets used to power their sites.

The cost of diesel doubled under 12 months, the dollar that they use to import their equipment doubled.

It is a suprise that they did not go under.

They should nationalise MTN, men that statement makes me to shake my head.

We already have a nigerian telco company, can you compare its perfomance to that of MTN.

Be careful what you wish for

awesomeJ:
He means you guys should stop calling us -millennials and younger - "lazy youths", AI, COVID, and two recessions have shown us shege 😁😁😁, whereas some of you enjoyed full chicken meals at OAU.

P.S he didn't actually add the chicken part, but it seems fair to mention.

Una dey use Covid and recession as excuse?

How many fetched water from village stream for the family early in the morning before going to school every day?

Each generation has challenges they faced. The successful one are the ones that strived and overcame the challenge of their generation.


There is a generation that did not have internet to buy and sell stocks. The write letter to their brokers. Letter that might take 5 days to arrive.

jedisco:
You sound too emotional. I've learned that when I get too emotional in defending a viewpoint then I'm like missing something. Economic policies are not about emotion or what I want.

First the debacle with the naira was well set in stone 2-3 years ago. When you had people accessing usd at well below market rates and dumping them into the market, the outcome was clear.

Like I said above, against what many think, the actual exchange rate is less of our problem. [/b]What we need is a stable/fairly predictable rate and the right macroeconomic policies.

[b]

Exactly, quality health care, qaulity education. If you know the billions nigerians spend on foreign education, it is enough to make Dollar equal to N200.

The nigerian educational system is so bad, nigerians are going to countries like cyprus, turkey ghana, when we have UI, Unilag, OAU.

Foriegners are meant to be paying millions to school in naija.

Our politicians are busy chasing foreign investors when are universities can generate billions in foreign exchange

jedisco:
No need stressing over these things. Macroeconomic capabilities are not rocket science.

CBN threw loads at to defend the naira at 1500. This was well predictable a few werks back. I remember stating that.

Ultimately I think 1k would be a tough nut to crack. We might get a few dips below but finally settle above.
Just like with mose previous rounds of devaluation and CBN intervention where wide irrational swings are followed by a period of calm in which underlying market drivers then determine the next move.

In the coming months, I expect the currency to stabilise above 1k (happy to be proved wrong). What happens next would not be based on emotions but underlying market principles. If the government has got it right with the economy, the currency would reflect that.

I for one would be quite glad if local growth in our economy can lead to either rapid wage rise or a drop in exchange as people have had less and lesss in real terms over the last decade.

I spoke with a banker friend of mine, who told me that it was Binance that was manipulating the naira rate.

That because a lot of unofficial transactions were going through Binance, Binance was able to influence the exchange rate.

Now that Binance is banned the CBN became the biggest supplier of forex.

So lets watch by how much, the CBN can control the market.

I have to give them kudos for having the balls to take on Binance.

ogawisdom:
Must they always involve BDC give directly to banks and let banks allow us access to at least 500 USD on our debit card for international transactions. Just like it has always been.

Let's kill the USD & crash it to below 800

And that is what is killing the naira.

So you get it at N500, instead of buying made in nigeria products, you go and buy foreign products and expect the naira to remain at N500?

Acidosis:
Not in the way you expect. Inflation affects everything in the same manner. Assume you have N200,000, and you intend to buy an Air Conditioner unit. You visit the market, and the seller informs you that the final price is N220,000. Unable to raise the full amount, you decide to invest in a 2-year bond with the expectation of returning with more funds to buy the AC later. However, you return after two years only to discover that the same AC unit is now being sold for N550,000. The amount you receive from the bond after the 2-year waiting period is only N280,000.

In addition your ability to buy a brand new AC is now reduced, your purchasing power is reduced.

Nakedman:
I like your confidence 🤣. As a business man at heart, I am keeping enough naira aside to purchase as much dollars as possible if it ever comes back to that range..

My buys will start from 1k if it ever drops down there. Until then fingers crossed.

As long as CBN is subsidizing dollars, it will fall.
The subsidy is coming from the FX reserves.
Oil theft is on high rate

You understand the scope.

Lots of people that could not pay their children in US, UK and Canada schools school fees cant wait for cheaper dollar to pile up more. If they ever see it as low as 700 again, they will take loans to buy up dollars.

Until the government starts taking action to develope and deepen the economy, they are just doing bonanza....

Acidosis:
Lol. You still don't get the point, do you? I'm not advocating for currency hoarders. I don't "hoard" either. I invest when I have or need to.

I'm even of the perception that, apart from political sentiments and hoarding, the majority, which are the ordinary Nigerians want Naira to gain so they can go back to the life they had under Buhari. I belong to that school of reasoning.

I saw the unconfirmed report. But have you asked yourself why anyone will sell over 10k dollars at the black market in Abuja at a rate that is significantly lower than CBN and licensed BDC rates? Funny. Do you still think that an ordinary Nigerian is behind this?

Oga Allow people to continue with their beliefs, with time they will get matured and understand you.


A lot of people are waiting for dollar to hit 600 - 700 so they can accumulate more and japa.

Since the naira lost value a lot of people could not meet up with POF for Japa and pay school fees abroad, cheap dollar will make them to be able to meet the rquirements and most will mop up the dollars again.

Nakedman:
All road leads to fsdh for Mutual Funds.

Stanbic just be doing shakara and be offering 13% for MMF. See their Junior brother dey shake body well.

This thing nigerian government is doing. I no understand again.

If they put the rate at 5% they know it will be oversubscribed.

What are they really doing with these rates