₦airaland Forum

mosdii:
Chan Eagles over to you to get 100k dols

Very very unlikely but make we see 🤣

Streetinvestor2:
The dollar was not 462.The dollar that was controlling the economy was at 700 plus in my street sense How many businesses was using #462 in doing thr costing .The #462 was for spreading corruption to the few privileged

I understand but international bodies would only quote the official rate from the central banks in every country.

If we calculate using 750/$ with around 28 trillion naira market cap as at May 2023, this would mean we were at a mere $37.3 Billion then and now we are at $58 Billion despite the devaluation from 750 to 1560 (parallel market)

This would mean the Nigerian stock market have added over $21 Billion to its market cap so far since May 2023 despite a more than 2 fold devaluation. Incredible.

ojeysky:
Normally naija should be second on the list.....god punish devaluation.

I am even surprised that we could work our way back to 3rd easily in Africa despite suffering the worst devaluation in Africa since 2023, from 462 to 1530 (3.3 fold devaluation).

Put our currency at 900/$ now and we are automatically above Morocco at second. But as at January 2024, we were still officially at around 850/$.

emmanuelewumi:
Can you also compare their GDP with their stock market capitalization

I know Nigerian stock market is just over 20% of GDP (which is way lower than the norm) while that of SA is over 300% of GDP.

Note that South Africa’s case is way above the norm around the World and only few countries have their stock market at 300% of GDP e.g Saudi Arabia. USA may also get to that record.

I think what works for SA is that their market has always been a destination for all investors around the world who want to invest in Africa and this didn’t just start now.

mikeapollo:
I think SA has doing about 45,000 - 50,000MW while Nigeria is struggling with about 5,000-7000MW

Nigeria does over 20,000 MW actually but they are mostly off grid, so only 5000 MW is utilised from the grid (installed capacity 13000 MW). There is an extra off grid 19000 MW generation by other sources however, which the Government must make deliberate effort to integrate.
South Africa’s 45000 MW is still not good enough for them because they do a lot of mining.

megawealth01:
You seems to be one of the very few understanding the handwriting on the wall?

I think the only major difference between now and like a decade ago is the emergence of Morocco who are now second. Our market cap post 2008 have mostly been around this 50 - 70 Billion USD and we were second in Africa with South Africa far ahead from time immemorial.
During the devaluation in 2023 and 2024 we plunged to around 40 Billion USD (and even 37 Billion at a point). Now we are back were we used to be pre devaluation in 2023 only now way behind Morocco only.

mikeapollo:
Wow.
Does it mean Nigerian companies are relatively low valued compared to S/A companies? Or there are more big time multinational companies listed on the SA exchange

Both. It has always been like this though. The only difference now is that we are third behind Morocco in Africa.

In terms of total stock market capitalisation (equities) in all of Africa:

1) South Africa - $1.17 trillion
2) Morocco - $100.1 Billion
3) Nigeria - $59.3 Billion

(As at close of trade yesterday and using official exchange rates)

Bbbwings:
My invested capital has lost its value in real terms.

I’m curious to see the calculation or maybe it depends on the particular stocks you invested in. Let’s take MTN Nigeria now for instance, it’s worth $6.6 Billion which is definitely better than it was in 2020 (five years ago). This is the case for most major stocks. If you invested in Presco and Okuomu, I know you are also definitely doing better in real terms.

PDPGuy:
Nigeria’s women’s and men’s flag-football teams have just won their respective African continental tournaments!

Will Tinubu also reward the players with $100k each? 😂

I doubt that. Although I think the 100k is a lot of money, I’m happy super falcons and Dtigress (my two favourite national teams) are the recipients.

Mpeace:
You need to understand the issue.
We are talking about the N27trillion windfall/gain by investors.

Okay my bad. You are right.

In dollar terms, that 27 trillion naira na moi moi compared to the 10 trillion in 2015.

Agbalowomeri:
Your analysis supports his assertion
So we are more or less still in the same spot 😂

I thought he said we are like half of it.

Anyway, with new listings like Dangote Fertiliser coming up before December, the NGX is on the way to becoming the strongest it has been in dollar terms since 2008.

Mpeace:
That is in Naira. But in Dollars e no reach half.

Nah not true, e don pass.

Here’s what I got from ChatGPT:

According to the Nigerian Stock Exchange (NSE) Q3 2015 fact sheet, at the end of September 2015, the equities market capitalisation was reported as ₦10.74 trillion (equivalent to about USD 53.94 billion), representing the value of listed equities only.

Currently,

₦ 89.4 trillion — This is the total market capitalisation of listed equities on the Nigerian Exchange (NGX) as of August 1, 2025  .

💱 Conversion to USD
• Based on mid‑market exchange rates reported for August 4, 2025, of approximately ₦1,527 per USD , the equity market cap equates to about:
• USD 58.55 billion, when converted from ₦ 89.4 trillion (₦89,400 billion ÷ 1,527 ≈ USD 58.6 billion).

elyte89:
Ppu wey Dey watch basketball 🏀 games Dey try sha …d pressure is more tense dan football ,not for the faint hearted

I swear. You fit dey lead with 20 points gap and then all of a sudden dem don equalize you, beat you well join if you loose guard.

Odunayaw:
🤌🏾 Now we are talking

If CHAN guys go win sef, stew go reach them

Nah nothing for CHAN. DTigress and Super falcons are the most successful Nigerian teams by a mile and even at world competitions, they alone have made it to the quarterfinals.

17 companies now worth $1 Billion and above on the Nigerian stock market at the end of July 2025 from 11 companies as at December 2024 and we are just getting started.

https://nairametrics.com/2025/08/02/nigerian-stock-market-creates-largest-pool-of-billion-dollar-stocks-in-2025/

elyte89:
Guy madugu no sabi shi shi ,if u watch most of the girls interviews including Ashley when asked what actually happened in the dressing room;all of dem had one reply;motivation ..dt it is all or nothing,in fact Ashley stylishly said the coach didn’t say anything in d dressing room..d girls pushed daelves beyond deir limit

But in thesame interview, she made it clear that the substitutes in the second half helped because it switched them from being defensive to the high press game. Wasn’t it Madugu who made those key changes?

Mujtahida:
10-1. It won't scratch me.

I share thesame sentiment but the only problem I have with this is that when you give these people a chance they can easily disregard the super falcons as old soilders whose time is gone. This is what some South African analysts felt the super falcons were at the beginning of this tournament until the 5-0 thumping of Zambia and then everyone got scared of the falcons again.

I have never watched a match of the super falcons against an African team where any analyst see them as an underdog in the tie, but I was shocked to see that some international analysts saw the superfalcons as the underdog in that game against Zambia just because of our poor performance in 2022 and the hype of Zambia. Zambians also boasted a lot seeing they beat the super falcons 1-0 in 2022.

So you give these guys an inch, they disrespect you and treat you like you are Equatorial Guinea forgetting super falcons are like the UEFA Real Madrid of African female football.

South Africa, Morocco, and Zambia must learn (like Equatorial Guinea did) that getting to the top is hard but staying there and maintaining your standard is much harder.

AndSunGorilla:
Francesca lucky die!!!!! The 2nd reserve goalie too is blessed. And I wish say Onone and Okobi dey d team to collect retirement moni.

Oparanozie too.

PDPGuy:
Counting the donations from Aso Rock, MTN, Nigeria Governors Forum, Super Eagles players, and the prize money from CAF, each Super Falcons player has now earned over 176 million Naira from winning the WAFCON 😁

You dey help dem calculate their money? 🤣

MTN Nigeria would recover completely this year 🔥

https://nairametrics.com/2025/07/31/mtn-nigeria-is-one-quarter-away-from-wiping-out-fx-induced-losses/

I feel South Africa would struggle seriously without a Seoposenwe. It’s not going to be easy for them trying to get a replacement. If Kgatlana retires, then it’s gonna be way worse.
I’m not really sure the likes of Salgado and Magaia can fill the shoes of those two easily.

ojeysky:
Closing the month of July at almost 140k...no be small thing...wonder if a bubble is enroute but again the devaluation was in almost 3x so maybe this is just repricing taking place.

Yeah it’s most likely repricing taking place. The market was at $62 Billion using an official exchange rate of 462 naira/$ when the previous Government left. We are back at almost $58 Billion currently at 1535 naira/$.

We are to also expect a more bullish market when the CBN begin to cut rates due to lower inflation seeing that food prices normally reduce to an extent from this time of the year.

NGX in July completed a 20 day positive run. I don’t think I’ve seen anything like this before.

ojeysky:
Its interesting how UK price is now the target for GTCO when it should be the other way round. GTCO has more investment in naija hence ngx price should be the dominant...the market is growing sha...hopefully ngx go become a big force to recon

Tells you how local investors here perceive things.

megawealth01:

My Oga. MTN is minting naira this year 🥰

https://doclib.ngxgroup.com/Financial_NewsDocs/44759_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

Here is a summary of the MTN Nigeria Communications Plc condensed consolidated and separate financial statements for the six months ended 30 June 2025:

•Revenue: N2.38 trillion, up 54.5% from N1.54 trillion in H1 2024.

•Operating Profit: N892.8 billion, a 193% increase from N304.5 billion in the prior period.

•Profit Before Tax: N622.3 billion, reversing last year’s loss of N751.3 billion.

•Profit After Tax: N414.9 billion, compared to a loss of N518.1 billion a year earlier.

•Earnings Per Share: N19.78 (basic and diluted), compared to a loss per share of N24.71 previously.

•Total Equity: Improved substantially to a net equity position of -N42.5 billion versus -N458 billion at end-2024.

•Assets: Total assets grew to N4.77 trillion from N4.20 trillion (Dec 2024) driven by increased property and equipment and right-of-use assets.

•Capital Expenditure: N382.5 billion on property and equipment; N97.2 billion on right-of-use assets; N59.8 billion on intangible assets.

•Segments:

•Consumer Business Unit revenue was approximately N1.95 trillion.

•Enterprise Business Unit revenue grew to N337.2 billion.

•Wholesale Business Unit revenue was N93.5 billion.

•Employee Costs: Increased to N54.7 billion from N43.5 billion.

•Finance Income: N14.4 billion.

•Finance Costs: N279.7 billion, including lease-related interest expense.

•Taxation: Effective tax rate was 33.3%, with total tax expense of N207.4 billion.

•Cash Flow: Operating cash flow was approximately N955.7 billion; investing outflows of N642.8 billion; financing outflows of N310.9 billion.

•Key Investments: Includes mobile financial services subsidiaries and infrastructure upgrades funded partly by government grants and loans.

•Financial Position: The company remains focused on capital structure optimization, funding diversification, and compliance with loan covenants.

This reflects a strong financial recovery and growth in 2025 compared to losses sustained in 2024, supported by robust revenue growth, improved profitability, and substantial investment in network infrastructure and digital services.

Copied.

solonnachi:
If CAF penalizes Nigeria over Morocco's outburst then NFF must petition CAF over the laser lights on Nigerian players at the finals

Over which outburst? Alozie and Plumptre’s Citizenship? Isn’t that laughable? 🤣🤣
What’s the difference between Alozie and Echiejini or Esther, Onumonu?? 😊😊

isan:
Nigeria don't play possession football, we play counter attacking football with pacey wingers on both flanks

Exactly. Typical Nigerian football is counter attacking wing football not necessarily tiki taka. This was also the style of the 1994 World Cup squad and Atlanta Olympic gold winning team. The closest to our style of football in Europe is Dutch football. South African football in Africa has always been all about keeping the ball, knocking the ball around quickly and playing fast football.

Cherrybae:
I supported Morocco 🇲🇦 to win but this claim is null void and worthless.

Both alleged players were cleared by FIFA. Nothing CAF can do about it.

I urge Morocco 🇲🇦 to accept defeat just like GEJ unlike the other Pandora and Dubai guys.

God bless Nigeria
God bless Tinubu
God bless super Falcons

I don’t even understand because Alozie was born to Nigerian parents in the USA. So this is quite funny.

Cadbury 14.5 Billion naira half year pre tax profit. Best half year result since 2020 (even in dollar terms at official exchange rate).