₦airaland Forum

Olaide1295:
Is this a joke? Everyone will simply sell of their naira for dollar at 500.
We are unable to sustain 1500/$ but you want 500/$. Everyone will quickly speculate, I’ll sell off all my naira investments and hold dollar cos I know the peg won’t be sustainable.

When its was pegged it wasn't eligible to everyone.

Ideally you need a Form A, M or Q to get it at the official rate

currentprice:
NAHCO best result so far

but but it being fairly price @ currentprice

NAHCO is a good one

stcool:
No mind am...if e buy Zenith at N20....what will be the price of my WEMA bank that I loaded 1M units at 11:80

Na him be say...na die. Agba abeg o

😀😀😀

Zagee:
"One thing is clear: the ability to make more Naira in Nigeria has never diminished for years because there are opportunities. The issue is making the Naira under a stable currency. That way, if you are importing funds into Nigeria, you can win as shares of companies accelerate.

For one thing: this shows how rigged the Nigerian economy is. For all the pains people are going through, the fortunate few like most of us here are still logging a 45% increase in the stock market, with 20% on average over the last 5 years.

.............
Analyzing further, Nigeria has about 25 real companies in the stock exchange, as the top 25 combine for most of the value. But one thing is constant: do not bet against Nigeria!"

@ndekekwe
COPIED!!!
GOODMORNING PEOPLE OF NSEMPA
Happy trading week...!!

Why didn't he write all these when the market wasn't performing.

Some people are just sad

Streetinvestor2:
I think agree with you on this.The worst I believe can happen is after results. The market will trade flat for some times till positive results from the economy will show face to push back the bull.If you say the market will go back to what it was during pmb era.i don't see it happening. Tinubu will definitely do far better with the economy than buhari. What do you want him to use campaign for second tenure

There will be several Bull runs during this government

Mpeace:
So Otedola did not see Access bank (the most "acquisition" bank in Nigeria) to buy, na Zenith wey dey high he want buy.

Btw
He wants to own and be in the board of both FBNH and Zenith. Is that allowed?

Adenuga has stake in Sterling and Firstbank

emmanuelewumi:
5% will cost him almost N80 billion

How much is money

Is Otedola buying Zenith stock?

Streetinvestor2:
Dan cement will definitely touch #700.This billionaires know how to help each other. And otedola knows how to do it.You all know he has stake in Dan refinery too.Expect more buying of dangota cement. He is thr to propel the shares up.

It maybe like Seplat.

Dangcem is a multinational

chibaby1985:
Otedola Acquires ₦6Billion Dangote Cement Shares

https://www.premiumtimesng.com/news/headlines/660274-otedola-acquires-n6-billion-worth-of-dangote-cement-shares.html

Is Otedola not afraid of the Bear.

Papamrs:
Which app can one use to buy Nigeria shares

Afrinvestor

Yochaa

Willie2015:
https://nairametrics.com/2024/01/18/otedola-buying-into-dangote-cement-stock-up-48-ytd/

More upside

Bear don go hide o

Locotrader:
https://nairametrics.com/2024/01/18/eterna-plc-to-become-official-distributor-of-dangote-refinery-products/

Not sole but official distributor

MRS may enjoy the refinery more if we go by sentiments

Idrismusty97:
Who read the news that Eternal Plc will be the sole distributor of Dagote petroleum? I am thinking of putting small thing in Eternal shares by month end but needs your expert opinions. Thanks all.

Sole distributor? I doubt that

lasisi:
What a finish today by NAHCO! It was in the red almost all day and few minutes to close of market "BOOM" - brought close to maximum gain. Any News?

NAHCO makes sense.

They have positioned for exports

International Breweries 🕺🕺🕺

Zagee:
More reason to believe a financial coup with the FG is possible so we can all "..lokàn"
🤣🤣

That will end in litigation.....

Zagee:
Hmm. "Wema acquiring some banks" RUMOUR flying in some spaces. Seeing how politically exposed this bank is, makes me wonder🤔

Not to be inferred as ANY FORM OF ADVICE

Majority shareholder is Baba Ijebu, followed by SW8 and DA

emmanuelewumi:
SW8 is South West 8,

Research into the ownership of both firms i mentioned.

emmanuelewumi:
Odua Investment is a major shareholder in Wema. Odua Investment is owned by Ogun State, Oyo State, Osun State, Oyo State, Ondo state and Ekiti State governments.

In fact Lagos State government is trying to join Odua Investment

What about SW8 Limited and Petrotrab? 😳 😳 😳

emmanuelewumi:
Politicians will rather buy real estate instead of stocks or starting a business.

Easier to hide ill gotten wealth by buying real estate

Some of the key stakeholders in wema bank are politicians

International Breweries and Cornerstone Insurance on the move.

Cornerstone may get to 3-4 Naira..

Zagee:
Be like say na Insurance dey hot oh. Access Bank acquired one. Could this be there era

.

hadiza08:
Hello everyone. Please I'm new to the Nigerian Stock Exchange. Please can anyone guide me on what stocks to buy and which one is the most trusted an efficient NSE app to trade with.

Afrinvestor or Yochaa are good apps

Harvestock01:
Is the banking doing Rights Issue and Public Offer at the same time? If the Rights Offer is N10 what is the PO price?

Rights issue is a discount to existing shareholders so its expected the public offer will be higher

Cornerstone doing well today

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8.

Don't count on it

Mpeace:
We that are not in it cannot participate even if we join on monday. I think that if first bank should favour us now.

Other similar sized banks are likely to do rights issue

funkyprof:
Good evening house,

Please I was wondering, what are the best apps for trading on the NSE and NASD?

I am a newbie and just started following this thread keenly and would appreciate any help in understanding how the stock market and how to make informed decisions in trading.

Afrinvestor

Yochaa

megawealth01:
I need a suggestion of stocks to GAMBLE which will be my first buys of 2024

What do you feel about sterling

ProphetUtuocha:
My predictions for 2024:
- Oando will not delist. It will reposition and will appreciate by minimum 400% this year.
- Most banks, especially FUGAZE will outperform
- The Dangote stocks will underperform
- Many will pay school fees in the insurance sector
- Nigerian economy will start a crucial recovering process.
- Foreign investors will gradually return from 1st half of the year
- Nigeria's rating will go up as positive economic indicators ramp up.

OandO will delist.

Why will they want to share the lucrative oil and gas opportunities they will get now they are in power with everyone?

vacanci:
i cant wait for the merger as well but a bug question on on my mind is, DOES DANGOTE ACTUALLY PRODUCE RICE?

i have never seen any rice with that brand anywhere in the past 3 years. I hope that is not the cause of the delay from SEC

Good question. Where is the Rice valuation coming from?