₦airaland Forum

phoinix:
LOL, the South West dominates 'sophisticated corporate business,' according to you. Can you back this up with numbers, please?

Let me point out the bias in your reasoning. It is called the zero-sum fallacy, a cognitive bias that assumes there is a fixed amount of wealth, resources, success, or occupations, and that the domination of an economic segment by one group must come at the expense of other activities.

Your inference that since most traders in these markets are Igbos and therefore must be few doing 'sophisticated corporate business' is wrong.

#Letusstopsubtlepropaganda

Oga, so in all i wrote that is the only thing you picked out?

I will not resort to tribal bigotry. No tribe is more sophisticated than the other. I never said one is.

I will not go low like you.

Go to the UK and other western countries, most of the small neighborhood shops are ran by Pakistanis, Lebanese.

In nigeria, it is not only Dangote and Adenuga that employ indians in those particular roles.

Even Chinese companies in Nigeria and outside, employ Indians in particular roles.

DrAkpamudehe:
Shut up, You are talking trash. I guess the owner of innoson, nestoil, fidelity, ibeto cement etc are just traders? Tribal bigot

My brother, I am not trying to say one ethnic group is better than the other. if that is the impression you got. I want to apologize for it. Sorry about that.

What I was trying to say is that, if you go to lagos, abuja, kaduna, jos, aba ..... and walk into any of their major markets, you would think that you are in one of the south eastern states. This is because most of the shop owners and business men there are from the east. Those people are not poor. They are billionaires and have mansions in their villages and these towns. Take for example, Idumota, Alaba market, the biggest traders there are from the east and dominate that business.

Take suya and currency exchangers, that market is dominated by northerners, 99%. It is difficult to see someone from the southeast or southwest selling suya or doing currency exchange in lagos, abuja, onitsha, kaduna.


That is why i said, Indians dominate the corporate world not only in Nigeria but in the US and UK. The current prime minister of UK is from India.

The point i was trying to make is that Dangote and Adenuga hire indians not because Nigerians are thieves but because that is a line of business indians dominate around the world not just nigeria.

I am not an ethnic bigot. No tribe is better or bigger than the other. But there are areas of life that each one dominates in.

Please I come in peace.

Donbrig:
The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

I disagree with you sir. Most Nigerians are not thieves. Nigerians are the most hardworking, honest and intelligent people you can find all around the world.

In the US and other western countries, Indians are in management level, not because they are honest but because there are certain things they are very good in.

In nigeria most people that are into trade and buying and selling are from the South East, most people from the South West are sophisticated in running corporate business and politics.......

The current PM of UK is from India, does it mean most UK people are thieves?

The lebanese have a niche they control, just like jews.

Rap music and some sports in the US is dominated by blacks, does it mean whites are lazy?

There are many jobless people in this place ooo.

This early momo, first working day of the week.

Mankindman:
Worse than this has been happening in NGX.
A Potential RED flag is JAPAUL.
Oil and Gas servicing
Gold Mining
Dredging
Crypto
What JAPUL will show those that ignore RED FLAG (Born Risk Takers) would be a child play.
The antecedent of Mmobuosi is a Calamity for NASDAQ investors.
Others that have defrauded and still defrauding NGX investors are;

Ifeanyin Uba of Capital Oil: This man came to mint Naira on NSE, thereafter no one heard any news.
Jimoh Ibrahim is another business man with similar antecedent of Mmobuosi.
So many of them in the corporate World.

Just to clear this up, the Capital Oil listed on the NSE, is not in anyway connected to Ifeanyi Uba.

Not speaking for him or defending him

Illusionale:
For absolutely no costs whatsoever. No hidden fees, no courses to purchase;
You can learn about the basics and intermediates of investing in the stock market.
I have taught several people to invest, provided free mentorship to colleagues and total strangers on said topic. You stand to absolutely lose nothing at all.
Message me 09154619520.
Do have a wonderful day

Osita, Oga Emma, Oracle, OGG, you guys should shift. Carry your kaya and go. I now have a new teacher , Billionaire things loading

ositadima1:
You registered another moniker. What is really driving you? Are you acting in the best interests of other members, or are you nursing selfish motives? I believe the latter is more likely.

The fact that you disguised yourself with another moniker to pass the same message suggests this. You clearly believe that the market will tank, but like a typical human, you cannot bear to watch events unfold naturally. You want to influence others to follow your assumptions.

You are not alone; I see this behavior all the time, both online and offline. If left to you, you would manually push all stocks to red.

Osita, you self, you are not giving Oracle breathing space

Prophet Otuoacha was someone that was in StockMarketNigeria.com forum and this is his usual way of speaking.

But you could be right since this account was created in May.

aremso:
When u see 10% rise almost everyday then u know they are around and they do it across board of all perceived good stocks by them. They clear at any price since the purchasing power is super.

Oga, this information is actually wrong.

When you see 10% almost everyday, that means they were already in the market and about to leave the market.

Was there 10%, when FO entered Transcorp? But when he was about to leave it became news.

Was there 10% when Heineken bought more share of NB? In fact alot of people do not know. But when they want to leave, you will see NB at N150

It is about this time they enter the market when there is a level of uncertainty in the eyes or the ordinary investor.
The sophisticated investors know what to look at

Like the saying goes "Be fearful when others are greedy, be greedy when others are fearful"

Yoast:
I've been on nsempa long enough to observe that oga Rabbi has never gotten any predictions on the timing of bull/bear right

He has gotten some right. Infact he has gotten a lot right.

aremso:
They are not affordable ooo story bread that was originally selling for 300 is now 700 and some 900 is that affordable? Over 100% increase

I agree with you. Some N1000 now.(Old English bread )

emmanuelewumi:
Rice, bread, beans are not affordable ooooo.



But ASI at 20,000, I don't see it happening in the next 24 months.


But if it does, all well and good

I agree with you, sliced bread that used to be N300, is now N1000, N900 in some places

I know 50kg rice sold for about,N50k.

But the way Oracle painted it then, he was saying that people should stock up on Rice due to Ukraine war.

In general, there has been inflation in all countries of the world.

So this new one Oracle is talking about, i am confused because i believe the whole world has adjusted to the impact of the Ukraine War

I agree with you on the bolded.

Whether up or down, opportunities to make money abound.

RabbiDoracle:
Keep some cash for the generational low that is coming. It will be very painful when people see stocks at an unimaginable low level and can't buy. The market isn't bullish. In a real bullish market, everything rises.

Can NSE index touch 18,900? We will see.

Food cost will get worse. Oil price decline could exacerbate things for oil producing countries and banks that fund it. Emerging markets are about to see shege.

After these events comes calm.

See you in January 2024.

In Biden's voice: Let's lick the world!

Oga Oracle you have come again oo.

What will make oil prices to decline?

You have said it many times that rice and bread will become un affordable, but those ones did not happen.

ojeysky:
Please has anyone using meristem successfully logged into their trading platform today?

I have not been able to log in too.

They are having problems with their portal.

If urgent you can send your mandate by email

locodemy:
Welcome back sister.
Tony does not want value created for shareholders.[/b]With this 25% shareholding belonging to Tony and his team, expect the share price to roll back.
[b]With otedola, Transcorp would go far.I see otedola being frustrated and might exit if his plans doesn't pine out.

Can you name any company Otedola has created value for shareholders?

Ote wants to grab the assets of the company.


What we should be praying for is for more action like Otedolas to take place, so that most of the undervalued stocks on the NSE will appreciate in price.

I hope you have set your exit price for Transcorp?

It will not go up forever oo.

ositadima1:
The completion of Dangote Refinery, which is rumored to be completed in 2025 by a Chinese company, is not only facing significant financial challenges but also political obstacles. The refinery is already struggling to service a massive $700 million annual interest on its debt, and it still requires an additional $3 billion to complete the project.

The Nigerian government had made a deal with Dangote Refinery to pay about $2.7 billion (i am not sure on this) in cash and crude oil for a 20% stake, but it has only managed to pay $1 billion, which it obviously borrowed. When President Buhari realized that the refinery was not going to start operations anytime soon, he refused to invest any more money.

Despite the expectations that the Dangote Refinery would come to the rescue by producing petroleum products and thus reducing inflation, it is unlikely to happen. Therefore, the removal of petroleum subsidy will inevitably cause a new round of inflation pressure on the economy, leading to an increase in the cost of goods and services.

This situation will have a ripple effect on the stock market. Most companies will experience a reduction in revenue, as increasing prices mean less sales, while some companies may experience an increase in profit-to-revenue margins as they adjust their prices to reflect changes in the economy. Many companies will see their Profit After Tax (PAT) reduced, which will be bad for investors. What do you think? Where is Oga Oracle, we need you to advise us on what to do next.

A lot of people made the mistake of thinking that Dangote Refinery would solve Nigeria's Forex issues/ Subsidy issues but that is a fallacy.

Dangote Refinery is just any other investment by a business man.


To solve Nigeria Forex issues and Fuel subsidy problem, Nigeria need to have 24 hours power supply.

With 24 hours power supply, only vehicle (Cars) will need imported refined petrol. (If the 5 refineries owned by government is working, no need to import petrol) All the industries would be on public power supply.

The demand for diesel and petrol will drop, hence the pressure on forex will reduce.

With 24 hours Power supply, a lot of goods produced in Nigeria will become a lot cheaper and would lead to influx of manufacturers (and forex) into Nigeria.

Nigeria could become a net exporter of goods and services and the Naira would appreciate.

That is how the problem will be solved not a monopoly like Dangote Refinery.

Monopoly is not good for any economy.

This government goofed big time


Additional Notes

The Obasanjo government realized this. That was why they embarked on the reform of the Power sector. But the usual politics of Nigeria derailed it.

I hope the incoming government will put all they have in making Nigeria have 24 hours power supply, that is all they need to do. Investing billions into Dangote Refinery was a waste of our resources. They should find a way to get that money back and put into the power sector

debeey87:
If it's a pdf file that enable search, press control f on a computer and input your name if you want to check yours. People can also use the SEC website for a better check. Just your surname will narrow the search

I know it is a PDF file and searchable. I do not have unclaimed dividend.

What about the shareholders that are not tech savvy or much literate?

How can a company like NB publish a list of that importance and it is not in alphabetical order? It is deliberate on their part to further frustrate people.


I do not think the SEC version is updated. I still see my name even though i do not have unclaimed dividend of any company

I just went through list of unclaimed dividend published by Nigerian Breweries. It had 1,970 names on it.

The names are not arranged in alphabetical order. That is pure wickedness. It makes it very stressful to scan through.

it seems there is no regulation on this type of things.

aieromon:
First week in June and December.

Thanks bro

Dum20:
Please when will the coupon for the last Sukuk bond sold last year be paid?

Hello @emmanuelewumi,

Please do you have an idea of when the coupon for the sukuk bond sold in third quarter 2022 will be paid?

Please when will the coupon for the last Sukuk bond sold last year be paid?

It seems this thread does not have a moderator.

Meanwhile this is one of the best threads in Nairaland.

Seun should please do something about this.

emmanuelewumi:
There is difference between quality, risk and return.


Treasury Bill has the highest quality in terms of money market financial instruments

Okay, I see. A Bulk of the underlying assets of Stanbic is Treasury Bills.

I have also observed that their MMF rates mirror that of Treasury bills

emmanuelewumi:
It is not possible to deliberately make the rate low


If fund A has 80% of Treasury Bill, 10% of commercial paper and 10% in fixed deposit


Fund B has 70% of commercial paper, 15% of Treasury Bills and 15% in fixed deposit .


Fund B will definitely have a higher yield because of the underlying assets in the fund

I understand your explanation but what I am saying is that is surprising that stanbic which is a much bigger company, has been in the game for such a long time, would have underlying assets that are not doing better than the underlying assets of its competitors.

I believe Stanbic has more funds to play with compared to FSDH

emmanuelewumi:
It depends on the underlying assets of their fund

Well it is suprising.

My expectations is that Stanbic will have more quality assets.

I guess they are delibrately making their rate to be low because they are market leaders.

xezoid:
Goodday everyone, please who are the registrars of updc. Thanks

First Registrars for UPDC REIT

AfriPRud for UPDC

Stanbic MMF is 8.97% and Coral MMF is 11.57%

I expected Stanbic to be higher.

It is like they are taking advantage of the fact that they are bigger

DeRuggedProf:
Has anything ever favoured us?

Sometimes it favours us by mistake, like high crude oil prices