₦airaland Forum

mostob:
And she is just speaking up now? When those responsible are no longer on the seat? Since all these years.
Nigeria needs to do better though..

Even their coach Izilien died recently without getting his salary of over 12,000 USD. The painful thing is that he died battling poverty at old age without NFF paying his dues which would have been of much help to him at the time. He went to complain on Channels TV as well shortly before he died.

Naira now so cheap for our ECOWAS neighbours

“Nigeria exported a total of 663 million metric tonnes of products to 11 ECOWAS member states in the first half of 2025, according to the Nigeria Export Promotion Council (NEPC).

The figure represents a significant increase compared to the same period in 2024, signalling the country’s growing footprint in regional trade”.

Vera Okolo on Channels TV now.

She is calling on Tinubu to review the past because they were neglected and not paid in 2004 even after beating Cameroon 5-0 to win the 4th straight title. They had to protest and stay back in South Africa , they had nowhere to stay and were even been fed by Nigerians in South Africa.

Eventually, the Governor of Rivers State intervened and then much later Obasanjo invited them after the entire controversy to give them a presidential handshake and 1 million naira. In 2006, even when they won the title, they were not paid and there was nothing. In 2008, she got injured on their way for an Olympic qualifier game and she was abandoned at the airport, left alone to take care of her surgery, and her contract with a Finnish club was terminated.

“At the end of 2024, only 10 companies listed on the NGX had a market capitalization of $1 billion or more. As of August 1, that number has nearly doubled to 18.

The exchange rate used for August 1 was N1,530/$, while the rate at the start of 2025 was N1,500/$. Below is a list of companies that have crossed the $1 billion mark in market capitalization”.

https://businessday.ng/companies/article/nigerian-companies-with-market-capitalisation-above-1bn/

SohSoh:
Thank you for this information

1: that is why we don't have any working refinery in nigeria
2:that is why NNPC doesn't have one refinery attached to their name
3: that is why subsidy nearly finished this country
4: that is why they refused to supply Dangote crude ... despite investing 2billion and owning 20% of the refinery
5: that is why there is an alleged 210 trillion unaccounted for...

I could go on oh..... so again who in their right senses think NNPC of Nigeria is a good business partner.....

But NNPC is the biggest partner to Seplat, Chevron and almost every oil upstream company in Nigeria you can think of. Even when it comes to shipping, they are into that business and anything you can think of upstream. This is a plus for Caverton.

NYSC investors in the house.

New 200,000 naira loan scheme from Government

"the programme is part of President Bola Tinubu’s consumer credit drive announced during his Democracy Day address on June 12.

“The heart of YouthCred is actually not just credit, but credit orientation that is teaching young Nigerians, especially as they are coming into the workforce, teaching them good credit habits, teaching them how to build a credit history, teaching them how to plan financially and borrow responsibly, and then ultimately also giving them credits that enables them to access goods and services,” he said.

Eligible corps members will be required to complete a brief digital credit education course before they can access the loans.

Those who repay promptly can gradually qualify for higher amounts, up to the N200,000 cap.

The loans are expected to support a variety of needs including relocation, acquisition of work tools and devices, skills training or small-scale business funding.

https://punchng.com/credicorp-nysc-unveil-n200000-loan-scheme-for-corps-members/

Locotrader:
Do we have any company to benefit from this?


https://punchng.com/tinubu-approves-n1-5tn-recapitalisation-for-bank-of-agriculture/

FTN Cocoa maybe?

Cardoso my man. Strict guy.

https://nairametrics.com/2025/08/07/cbn-considers-civil-and-criminal-charges-against-fx-deal-violators-after-audit/

Fundlocator:
Nigeria has not seen the best of PRESCO, If you can be patient get some funds and sit inside PRESCO. This is intelligence for you guys. Something Hooooge that would shake that industry is coming. He that has ears let him hear.

The palm oil industry in Nigeria is the next big thing.

Dangote cement expanding in Ivory Coast.

SonofElElyonRet:
Zenith rewards D tigress basket team with N200m. Corporate Social Responsibility or Corporate Shameful Profligacy?
Can a publicly quoted company do this is saner climes?

But MTN did same with Super falcons. MTN and Nigerian Breweries are sponsors of super falcons. Zenith have been the official sponsors of women’s basketball in Nigeria for a long time. Nor be today.

Deppysit:
Pls between mtn, oando and dangote cement, which shares is advisable to buy now??

MTN and Dangote cement have very solid fundamentals and would keep getting bigger. Oando has some things going for it. You would have to take time to look into them more critically before investing.

Not sure how liquid Dangote cement is though but a solid firm overall that would just keep getting bigger alongside MTN. Cement companies in general have a bright future in Nigeria.

This is no investment advice 😊

Kukutente23:
Quit the gaslighting
It is common knowledge that portfolio investors chase high yield short term investments
That you don't know this is not my fault
Portfolio investments enter and exit an economy does not make much difference in terms of tangible investments. That's a fact you can't erase

Well when the figures for portfolio investments were down in Q3 2024, it was criticism everywhere. Did you make this kind of post then?

Fred2020:
One of the key risks to the ongoing stock market rally is the exchange rate, which has recently shown signs of weakness.

Unfortunately, there is not much transparency around the forces influencing Nigeria’s exchange rate, leaving much of the conversation driven by speculation rather than hard data.

The CBN loosening a lot of capital controls lately has been a confidence boost to inward investment but more needs to be done in making the data transparent.

In a world where DJT has spook a lot of investors from the more established developed markets and oil continues to hold steady at above $70 a barrel. Markets like Nigeria can continue to big winners.

The market can continue to boom till 2026 especially Nigeria seems to be tilting to a one party state & next election may be a formality. Bad for democracy, good for foreign investors.

Our gross FX reserves are growing and currently at $39.54 Billion. If we can get it to cross $45 Billion by the end of this year despite the relatively lower oil prices and high external debt servicing (including the $1.2 Billion Eurobond repayment in November), I would be very confident in the naira going into next year.

Dtigress in tears during their warm reception at the ASO Villa.


https://www.youtube.com/watch?v=dmTUWrsgK3E?si=hIEBVnYsZWQYvHGV

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/