₦airaland Forum

Yeah. That's the official price but I have bought it @447.30

packman:
I have been watching it for weeks and I am wondering why the sell off and lots of trade are on going daily at 497 I want to set a discount price!

Any news on ARADEL? Why is it being sold off?

Dividend is on the table, Board meeting for Q1 result is around the corner and yet it is on offer.

Move your stuff to a better platform.

Erniemax101:
I did not put any limit, the cost price was the SMS confirmation alert I got from. X-Alert: CSCS-NSE Trade. No way my cost average should be that high, I'm waiting on their reply tho, was sharing to see if someone else has experienced the same thing on bamboo

Guy no even spare Nigeria of stray bullets on top wetin China and America dey do themselves. Are we their mates?

Zegra:
Why are you bothered about the poor Chinese people?

N7 dividend is very attractive at the current price. Might even climb to 70 at qualification.

yMcy56:
GTCO
What's happening?
Close to N3.5bn in transactions.......
So also yesterday...

How far can they go? He should just double up on the refinancing plan and watch the stock fly up naturally by itself.

megawealth01:
Wale isn't playing

They brought GTCO down to 65 for the 19m deal. Na wa for this ngx.

I think it's just a shock wave here. Not likely going to be deep.

Mpeace:
Nigerian market and evil spirit.
Na now wey other markets dey recover and turning green na him our own dey fall.

Nasdaq and dow jones already on green. Oil price fall slowing down too

Who be dis nah?

What's my business with American politics. I mentioned TRUMP as it relates to the current state of the world economy.
How is it my headache how and why he got elected?
Don't be silly!

Ades1:
Haha, hopefully we will get more red for a long time. The market needs to run people like you out of town!

I am down bigly, but I am not blaming anyone like you, just like I didn't attribute my yuuugggeee profits to anyone.

Like I have said in the past, una go fly fence when area scatter

Even on the ngx, apparently the bear will be short lived. It is a golden opportunity for anyone with spare funds to buy cheap. I might just fund my US stock account again.

RodgersAkpafu:
At least this buffoonery will create opportunities for raiders to buy assets for cheaper and enrich themselves

at the other end of the spectrum
Short Sellers are currently partying hard...

If you know any one
hold am for shirt
they have made so much money these last 9 weeks

Don't be silly!

Ades1:
Cry more, hahahahaha. 3.5 more years of your tears

This is what America voted for!

But, as it is now, not even America nor its people would be spared by this virus. TRUMP is unhinged and has the destructive support of a pompous billionaire.

That SA has a job paying him to be stupid. Abi you want to remove food from his mouth?

Streetinvestor2:
I think is better you remove what is in your own eyes first before another man eye.
You should first treat the problem in your country first. The hunger,poverty and corruption here has nothing to do with usa.
Imagine SA to president saying rubbish like 10 dollars can not buy u food in usa while 1 dollars can buy you food in naija.

The TRUMP pandemic has no respect for dividend.

Sunrisepebble:
Even GTCO with N7 dividend is down

The world must quickly come together to develop the vaccine for this virus before it eats too deep.

Abeg oo. Make dem hold am, otherwise na N10 straight

megawealth01:
They should release the free units na

TRUMP is another pandemic!!!

Your sky high IQ doesn't reach the quality of your social interactions? This thing they say about social media being a leveller

USA2019:
Shut up. You were probably washing toilets in whatever abroad you claim to have resided. But anyway, I have many becoming responses for your type, but it will be a waste of my precious time to engage with you on this. Stop mentioning my moniker. High-IQ individuals won't take offense when a fact like this is shared, only low-IQ individuals like you do.

I think the issue about "anyhowness" in Nigeria (or the African society in general) is the lack of deterrence for wrong doing. The oyinbos (the suppossedly high IQ people) will be worse if you remove penalties for wrong doing from their societies.
My friend's bike was stolen in broad day light at a blind spot around his residence in Paris within a minute of leaving the bike.
The low IQ black man goes abroad and he is able function superbly among the whites.

ololufemi:
My brother, if you look at it critically and analytically, we need to tell ourselves the truth sonthat we can make the necessary changes.

If majority of our people decide to cross a highway or expressway right under or within a 100 meters diameter of a pedestrian bridge and put themselves and drivers in harm's way, they can not be classified as people that have an average IQ.

They definitely have an IQ level below the average and will always make silly decisions most of the time.

Unfortunately even those with high IQs among the people will witness a decline in their quotient when they continue to interact with people that have IQs below the accepted average globally.

Such interaction can either be physical or through electronical means.

Damn crazy. I don take permanent seat like this

emmaodet:
Damn!!!!!

This is crazy

If I may ask, what exactly are you doing here in the midst of these low IQ people? They keep cautioning you to stop denigrating people based on location, but you keep doubling down on it.

The abroad that is turning your head, some of us willingly gave up living abroad because we just want to be home! Doctorate? Do you want people here to start showing you their certificates?
Please, be humble and stop derailing this thread!

USA2019:
"The mean national IQ of Nigeria is 67.80. See page 131 of Richard Lynn & David Becker (2019). The Intelligence of Nations. Ulster Institute for Social Research, London GB ISBN 9780993000157.

This mean IQ is very low and is even below the mean of 70 for sub-Saharan Africa.

Nations in North America and Western Europe have means from about 97 to 101. Japan, China, and N. Korea have means of about 105."

People are sleeping on this gem.

emmanuelewumi:
Dividend of N5.94k declared by Nahco

Hallo.
Good to have you back. Trust you're good?

Sunrisepebble:
Don’t forget that the new shares are not listed. So they don’t have to pay out on it compared to the ones that have listed the newly issued shares

NNPC don't even have the capacity to supply DR with crude at the moment because of the burden of the forward contracts being serviced. This is public knowledge but it is always very easy for Nigerians to curse and bash govt while ignoring all known facts. It is what it is.

The only way they can supply the local refining industry is via increased crude production. This in itself is not a walk in the park.

GeneralDae:
Did Dangote cease selling to Nigeria or he ceased selling to Nigeria in naira?

Well, I look at this from a different angle. The Government made the crude for naira deal for 6 months as a head start but the crude for naira deal while brilliant, also has its complications.

1) It doesn’t make Dangote liquid enough in dollars (which his business requires). The volume of naira transactions Dangote would then have to convert to dollars to import parts of the remaining crude he needs to run the refinery operations and service his debts also makes the whole exercise somewhat redundant.

2) Oil prices are now around $70 per barrel. At this point the upstream sector wants all the FX they can get and NNPC is not an exception while the large refiners love it because they can purchase crude easily and get better margins (refining is a low margin business generally). In that sense, NNPC and IOC’s would easily supply Dangote if they get dollars. This is also good for us because not all the FX from Dangote’s exports comes to us because Dangote would have to send some to service his debt to Afrexim Bank. While NNPC on the other hand, have their bank with the CBN, so dollars to NNPC flows to the CBN.

3) There may be options of cheaper crude out there which importers can buy and which NNPC knows about due to their long years of connection and experience.

4) Dangote himself can import WTI crude which is cheap and his refinery can refine it which gives him the advantage.

Given all of these points, I can see why the Government paused the scheme for a while to study the loopholes if any and to see if it can be better.

Where do you want them to get this "650k crude daily" from?

Youngzedd:
Dangote Refinery To Save Nigeria $30bn In Forex Yearly, Says Emefiele


https://www.youtube.com/watch?v=FRpXSX3FC48&pp=ygUPI3NhdmVuaWdlcmlhbm93#bottom-sheet


Using USD to buy products produced in Nigeria is against the law of the land.


The FG should support Dangote Refinery with their full chest. Give this man 650k crude daily and end fuel importation.

But the marketers who go to buy abroad buy in $. If they just buy it from Dangote instead? Petrol is an international commodity, you know.

KarlTom:
1st line. 1st paragraph...

We literally buy in ₦

Abeg, where in that press release did they say they want to stop selling to Nigerians?

ositadima1:
You're asking me a leading question. Not only did they handle it terribly—as if they had better solutions to the economic implications the refinery was supposed to bring to Nigeria—but they are still handling it badly. Currently, Dangote has ceased selling to Nigeria. Is this acceptable to you, or do you want to ask another amateurish question?

They are not actually helpless. There is a whole section dedicated to that sort of discussion, where apparently, they are free to throw jabs and possibly abuse each other (I have never opened that thread before). I don't know why they always reject the suggestion to go there.

yMcy56:
I tire o.
Anything politics will always end that way or degenerate to this....... but since they said we can't dictate what they should or shouldn't type or say, no be say to just siddon dey look now.

This is exactly why people always caution to restrict discourse here to the motive of the thread. There is no way people will engage in political or religious debates without getting emotional. it is what it is.

It is pure waste of energy and time engaging in political and religious arguements.
These two topics make people cling to their biases and see everything strictly from their prejudices eevn when they feign neutrality.

What is your "normal driving"? And I filled my tank - what did you fill your tank with?

Apparently, you bought Dangote fuel. Which other fuel did you buy? How did you maintain your "normal driving" for the different fuel?

edwardaigb:
Early this month I decided to test this Mrs/Dangote fuel to confirm all the noise so I filled my tank. Today I can confirm the difference having done my normal driving. Dangote fuel honestly last longer and cheaper.

SonofElElyonRet:
Don't mind me.. the Akpa -bio and Akpo -ti matter affecting my posting

It's likely going to go down again first when the distributed shares are allocated

BabsO2:
Make he do quick enter 3 digits. Not gbelo gbebo. Not upandan.