₦airaland Forum

GeneralDae:
But if we give Dangote our crude, it would still reduce our exports of crude especially when we give him in naira. Don’t forget that Dangote mostly imports WTI from the U.S which is a cheaper crude, so when you add logistics, the prices are almost the same or still even slightly cheaper than when he buys the expensive Bonny Light from NNPC or Chevron.

However, I think the major reason NNPC can’t supply Dangote as much as we would expect for now is the issue of the forward sales contracts which are estimated to be around 300k bpd currently. NNPC and the Federation together doesn’t have more than 750k bpd from the 1.45 million bpd we currently produce. This means they may only have around 450k bpd left to give Dangote and also export. Servicing Dangote alone requires 650k bpd.

Dangote can buy from IOC’s in Nigeria and the new indigenous players but I think the deal to buy some parts of the crude in naira is only possible with NNPC for now.

IOCs have scheduled use for their crude. Most of them have refining interests across the globe and need the crude to service them. They also have a long standing customers and contracts.

That is not to talk about selling the refined products, Dangote retail programme is monstrous and a killer, NIgerians will be better for it though.

The circle contnues, the era of sitting back is almost over in business, you've got to be dynamic and innovative.

godlyguy:
You are the only honest person on this oando saying the truth about the scam "oando". An audit firm sends strong warnings but some selfish people here are still defending a disaster waiting to happen.
Anyone that attacks me will be heavily attacked by me. Wale and oando will send many out of this market soon if care isn't taken.

Be wise

Ref. the bolded, are you saying that there are people in this whole wide world that invests in only stock market and nothing else and one sector, only one company and that company is OandO? If Not, then, don't take panadol for another persons headache. We are all CEOs of our respective portfolios!

awesomeJ:
Same rule works even if price hits N100k per share.

It's not really a rule bending. Tiered volume for price adjustment was the original rule, they ammended it to address the concern of index distortion, what I'm saying is that there's a way to keep that concern addressed while avoiding the adverse effect of illiquidity.

Board responsibility is to deliver optimum share holder value na, liquidity for listed equities is more of an NGX responsibility than the board's.
Na NGX suppose dey drive innovations that'll improve market participation, make board face the business of driving profitability and operational efficiency

Humm... don't you think it is time to introduce fractional shares into NGX? The US Stock market received the largest boost in patronage when fractional shares were introduced. The question is, are our Stockbroking firms ready for that?

Locotrader:
I have a complete 20m units of chams.
I sold all my stocks for CHAMS.
From monday I will start to buy 100k units each on
Aiico
Prestige
Sovereign
Royalex
Regal
Guinea
Linkage
Veritas
These ones will be my new Jijo stocks

Good afternoon Sir Loco,
This was your Dec 27, 2024 post. Is this list still valid? Were you able to follow through your plan? We will appreciate your review please, for the boys.

RodgersAkpafu:
This is not true

Macron to Trump's face clarified that Europe had spent over 60% of the total support to Ukraine
And Trump couldn't refute it 🙄

This whole lie of America paying the "highest cost of the war" is dubious
Europe has paid the direct and indirect cost of this war now a moronn in chief want to come take Russia side and essentially serve Ukraine in a platter

I like your comment but calling someone a slowpoke in chief is off for me. I wiah we can be more civil.

mikeapollo:
Sanusi Lamido Sanusi also deserves some mention.
Soludo brought massive growth to the banking sector. But some rogue CEOs took advantage and nearly destroyed everything with their fraudulent and corrupt dealings
Sanusi was the man that brought sanity and discipline back into the system. He was able to sanitize the system and made the CEOs pay dearly for their sins[b] without depositors losing any money.[/b] He also ensured the naira was stable during his tenure as CBN governor

Seriously? You are free to commend anyone but don't be insensitive to people who lost values. You said depositors don't loose money, what about several thousands of investors whose live savings were wiped out when some banks went down. Intercontinental bank and Oceanic came to mind and the pains are still very fresh.

Care4:
Eterna has no upstream flow.

Unit Stock prices do not give through valuation of a company, Market Capitalization does. Check the market cap for both company and see.

okuwehcris:
It's not demeaning anyone, most of this guest lacks the charisma & are less of whom they claim to be. To silent Rufai, just give him points, clarity should be seen and be calm, it will unsettle him as you have dismantle is attacking line. Most of the guest are thrown off their comfort zone and they start attacking him instead of presenting him with continuous facts. Rufai is just doing his job as a journalist and he might go behind and plead with them as that's what is paying his bill...

I would have answered Rufai that I am an activist, and if called upon and persuaded to join a government, I can join them to move the country forward rather than always be on the opposition without looking for solutions. This guys lacks brain but are opportunist who find themselves where they are now.

Isn't your proposed answer similar to what Bwala said?

“My decision to serve is based on national interest, not personal gain. People evolve, perspectives change, and governance is about making an impact,” Bwala added.

Most of us, most of the times are not objective but crowded our minds with sentiments.

mikeapollo:
I have much of Oando but I still pray and hope Tinubu loses the 2027 elections. Investments and the financial markets require a president/govt that would be very meticulous with good economic policies that ensure macroeconomic stability. To hell with nonsense.
If Oando is not able to show positive recovery between now and 2027, I will rebalance my portfolio.
Even right now, I have plans to sell some units after the first and second tranche of the share redistribution and then let's see what happens to the rest .

... and where do you see the better candidates and where are they coming from? Do you mean fromthe current set of politicians?

mikeapollo:
How did I insult Tinubu? I only said he is clueless and incompetent.
These are not insults, they are my judgement of his performance in govt. We should not mix the two.
I did not say he is foolish or stupid or mad or drunk.

Tinubu himself called Goodluck Jonathan (a sitting president) a drunken fisherman! Did you see or hear anyone from Jonathan's camp or PDP insulting or attacking Tinubu for that?

The president's work is not for those who are not tolerant to criticisms.
For the first time in recent history, Nigerians had to demonstrate against unprecedented economic hardship, suffering and cost of living crises. All those Nigerian masses cannot be wrong.

Thank you though for your very wise and responsible intervention. Well appreciated.

Oga, while we appreciate all your contributions on NSE stock picks, think it is a very bad taste to bring criticism about president, party, elections etc and other not-so-relevant topics here. It inconvenient focused persons on this thread. I believe there is a section on Nairaland for such. FYI, people come here to catch up on NSE, use available hints to fine-tune their investment decisions. The last thing you want to do to them is to distract them and that may be distasteful.

yok:
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If you have had any dealing with us in the past or recently and you are in our good books and you have not received oour stock oick/message for today. Please contact us and we will forward the message to you ASAP


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Thanks. How do I join you guys please?

greatiyk4u:
Madness

You removed subsidy to kill them
Come small money, yet force them to thank you publicly as if they didn't work for it

Those under PENCOM don't even care because their pensions dey secured, this is an impressive initiative of the PDP era and that's the way to go not going to media to thank one President after the other

There is a whole lot of ignorance among us. If Federal government through its administrations increase pension, it is for those who served as civil servants under the government and are pensioners through government scheme. Private sector pensioners will not be affected except whoseever is responsible for their own pensions does the same.

Health3:
Covering up the sins of a big man with too many grammar and long epistle.

Stock market is like an elephant, it depends which side of it you face. Some people made a kill when people were rushing, bought at 30, sold at 70, now bought more and 30. I will rather know how it works. do my own diligence as the CEO of my portfolio than to be whining over people that do not even know I exist..

Health3:
The guy man knows the rules but he deliberately scammed investors. If na saner climes, he should be in prison for deceit

We always look for who to blame. We should stop and take responsibility.
The Rice company is registered, have assets etc, how do you think it can scale through the huddles of coming into NSE if it is how you painted it.

There is nothing that stops anyone from going to find out before bringing out their money to chase DSR like herds. Shares must move when bid are chasing it and that is the rule and Aliko Dangote has no hand in that. FOMO is not anyones friend.

SEC stopped it last year for some reasons and there is nothing saying they won't accept the merger once the issues are cleared.

If you are buy shares, know that it can go up or down, do your own research, do your own diligence, visit the physical market, industry, talk to management if you must so that you can make informed decisio. That is better than blaming innocent people for your misfortune. What stops us from starting our own company?

Mfunkynation:
He was to merge 3 companies together. 2 were known but 1 was yet to be known. So the unknown one which SEC give a red flag is the cause of the merger not happening...

We always look for who to blame. We should stop and take responsibility.
The Rice company is registered, have assets etc, how do you think it can scale through the huddles of coming into NSE if it is how you painted it.

There is nothing that stops anyone from going to find out before bringing out their money to chase DSR like herds. Shares must move when bid are chasing it and that is the rule and Aliko Dangote has no hand in that. FOMO is not anyones friend.

SEC stopped it last year for some reasons and there is nothing saying they won't accept the merger once the issues are cleared.

If you are buy shares, know that it can go up or down, do your own research, do your own diligence, visit the physical market, industry, talk to management if you must so that you can make informed decisio. That is better than blaming innocent people for your misfortune. What stops us from starting our own company?

SpaceX:
I'm being investigated due to unimaginable excessive profits and I'm in a tight spot now, consider adding me to your internet plan, I promise to explain when the time is right. Can I drop my phone number?

I will advise you setup a company and use it for your transactions. It will reduce such flags and investigations that when using an individual account.

Mynd44:
No one's live should be threatened for criticizing government policies or action.

That said, I think Peter Obi will now see what Reno Omokri went through in the hands of some people who threatened his life too

Several people that are not as popular as PO and several people that are more popular than PO have said worse things. :Let PO be calming down. It is mere attention seeking and envy that the only thing you criticise is the President who you admire and contested for his seat.

We need to hold sub-nationals responsible. They get 65% of allocation. Progress loving Nigerians need to focus on governors, they have the land, they have the grassroot and have a significant role in bringing us out of this current mess.

Obi said President should visit the states, now the President went to Enugu, it was just ceremony and praise singing all the way. What does PO has to say to Enugu government and people?

nairalee:
The difference is jurisdiction. There's areas that state governments are in charge of while there's areas local government work. Example Tertiary Education, Roads etc are duties of state governments while markets, primary education etc are duties of local governments

There are federal roads (mostly inter state), state roads (mostly inter towns within the state) and roads within the towns in a local government is for LGA.

Also, primary education is for LGA, secondary education is States, some tertiary education is also for states while Federal government supplements with federal Colleges and Universities across all states.

Do you see why it is very appalling when we all focus on President this, President that who takes 35% when the governors are docile with our 65% wealth.

We should put pressure on governors the way we are putting on President.

Tell Obi and Atiku to stop envying the President but push him as well as governors, ministers, LGSs, Senators, civil service if they are interested in National development and not just the President's position

Good2go1:
This man and propaganda and lies are 5 and 6 . Governors only gets 35% ,FG 37% , LGs 22%, 5% goes to HCD and 1% to FCT

Listen to yourself, who gets the 22%you stated for LGAs? The governors. The LGA autonomy that we have been discussing will give it directly to LGA and not to state governors. When it is implemented, you can say what you are saying.

What do you get for misrepresenting the truth.

We need to make the governors accountable for the 35+22% allocation they are getting and that is the key to national development.

We do ourselves a lot of disfavour when we focus only on the President.

Adeevah:
Typing boldly here that atiku won't defeat osinbajo if fed by APC in 2024 only translate to one thing, you easily allow emotion cover your reality. Emotion don't run far on politics.

Infact, APC would have lost that election.

It will always be a game of number

Not exactly though, with Osinbanjo on the APC ticket, there won't have been the Obidient/LP movement, most of the obidients would have gone for Osinbanjo over Atiku, so APC/Osibanjo would have won.

mikeapollo:
The market will not crash soon. At least not in the next 2 years. Unlike what happened during the global crisis of 2008-2010 when foreign investors dominated the NGX and the market crashed when they sold off, the market is now dominated more by local investors who took advantage of the crash in prices to load more shares. Hence the NGX is a bit more shielded from the volatility of foreign markets.
More funds would be pushed into the economy between now and next year when politicians start their election campaigns and some of the funds will trickle into the stocks market. But a serious political crisis or uncertainty can cause the market to shed some weight

True.

I also think of regular pension fund money coupled with the fact that the companies are now bigger and better than 2008-2010 era.

zero8zero:
Lauretta Onochie, a Nigerian presidential aide, has reacted to a video showing Canadians queuing for palliatives.

In the video, a large crowd of Canadians can be seen waiting in line to receive palliatives. The scene is reminiscent of similar scenes often seen in developing countries, where citizens may queue for essential items.

Onochie's reaction to the video highlights the unexpected nature of the scene, with many Nigerians expressing surprise that a developed country like Canada would experience such a situation.

The video has sparked a wider conversation about the impact of economic conditions and the importance of social welfare programs. Many have praised the Canadian government's efforts to provide support to its citizens, while others have criticized the perceived inefficiencies in the distribution process.

The reaction from Onochie and other Nigerians underscores the global nature of economic challenges and the need for effective social safety nets.

THEY WERE ORDERLY.

⬇️

⬇️

⬇️

⬇️

Giveaway was announced in a city in Canada to cater for 1000 households for Christmas. Guess what? 15,000 individuals showed up and WAITED for hours in the rain. But unfortunately, only 2000 got food, and the rest got nothing.
No Stampede pic.twitter.com/RJ5OkNQcVs

— Lauretta Onochie (@Laurestar) December 28, 2024

/mediaViewer?

I live in the UK, I am volunteering to serve in one of the Soup KItchens in the city, we usually open 3 times a week and could you believe that we serve over 70 families, three times a week and they are mostly whites. I also know more than 7 soup kitchens different from ours doing similar things. They queue up. very orderly, very patient and understanding. Also, very appreciative, praying for us.

One thing I like here is that the people are not greedy, they prefer one another and are even willing to share among themselves if we don't have enough.

We like making noise in Nigeria and our media houses too which have been blinded by partisan politics magnify the issues in Nigeria as if there are not problems somewhere else. God bless our country.

RodgersAkpafu:
naa
been here for quite a bit
a few years now

So far, the country has been very good to me, so I can't complain
Hopefully it remains good as the years ahead come and go

As to your ridiculous assertion that UK people "nothing dey gum their pocket"
I just laugh out loud 🤣 😂
This country teaches you prudence which is a very good trait to have
We can be spendthrift in Nigeria sometimes because room for arbitrage racketeering dey well well.....
Abnormal returns on the Margins
All that kind of shenanigans
But over here, almost non existent (except u r in crypto) so you have to work hard for every penny and use it judiciously

Just saying sha
Dunno why I typed this long shalaye
But I did

Abeg, if you live in UK, talk, type, converse like people in UK, derogatory words should be scarce in your writings, which one be dummies, riff raffs etc. UK people are generally police and civil.

RodgersAkpafu:
Don't change the subject
This is about the failure in Aso Rock delivering sub optimal outcomes for Nigerians

N15.4 trillion IN ANNUAL DEFICIT is a disgrace no matter how much u wanna white wash it

That was GEJ total budget for three years (this is a statistical fact, that you can fact check and process, if your brain has the brain power for such exercise)

Like it. is said on the street, no be by "cho cho cho"
Show workings....
And the workings so far. 18 months into a dismal presidency, has been nothing but a failure and a disgrace

Record high MPR and Record recklessness in fiscal profligacy going hand in hand

This is the govt you dunderheads are defending 🙄
Anyways his tomfoolery made me a lot of money this year, so it was not all bad

... as in seriously, anyone who is comparing the absolute value of money in just figures ... to be modest, should not be here or talk whenever economics is being discussed. There is a time value of money, there is inflation and these are not Nigerian things but universal principles.

yok:
COMPLEMENT OF THE SEASON TO ALL- WHAT IS THE MARKET SAYING AT THE MOMENT?
Wishing everybody happy and profitable new year in advance.

Looking at our charts, there has been pullback in so many stocks. So buying those stocks that have hit support is less risk and that trade is likely to be profitable. In particular we see some good pullback buys in Indutrial/Energy sectors (we must have seen news somewhere that buffet is buying oil stocks again). For oils tocks we see good set up in ET and for semiconductors "HIMX:.

For our Caucus members. We will get a number of stocks we should buy on market opening tommorrow. And for our rogue trader system, there is a stock that will pay us $2 dividend, ex div date is 3rd Jan and price is about $37. I will likely buy maybe some fraction (low dividend does not interest me again these days, as our caucus member know, 30% or more yield is available for us with payment every month). Chaka is my choice of Nigerian broker due to reasonable commission ( average 1% in and another 1% no extra charge nor minmum as in Trove).

Wsing al a profitable 2024. Our target is longevity in the market. Risk managment 1st, profit is secondary.

Thanks for sharing.

How do I join your caucus members please?

geewean:
This comment example of how the average African mind have been weaved to Romanticize their oppressors as long as it satisfy their emotional sentiments.

A president said " Nigerians should embrace management" his concomitant references are his undisclosed identity of a friend who has Rollce Royce and retired to using Honda and Nigerians should off their energy bulb when not using it.

You are asking Nigerians to make sacrifices but you yourself bought A private Jet in the season you are still borrowing.You built a vice presidential mansion of 21 billion naira.Whats the correlation there?


He asked the journalists to mention a minister that's underperforming only Dr Abati use style style mention Wike name in a low key way.

Kindly tell me a y educational reforms Marshalled by the Education, finance ,Agric ministry etc?

He was asked about public funds prudence by reducing the cost of governance.Guy man say he can't merge any ministry.What is the essence of having ministry of livestock and agriculture ministry nitori olorun?

A Rufai would have asked about the 12 times "fainting" of the national grid.Which is a national disgrace and what are the major improvements in the power sectors with empirical facts as Rufai normally ask.

A Rufai would have asked him about his claims of a 22.1 billion Dollars from fuel subsidy and savings and yet still went to senate to get approval for 2.2 billion dollars loan.


A Rufai would have asked why appropriate 1.92 billion for PMS in Aso rock? He would have asked why the appropriation of funds for cutleries and new SUVs in Aso rocks ? What happened to the ones in the previous administration? Where are they?

The day Nigerians will understand that their leaders aren't there to do them a favour but they have the full rights to demand accountability and see the likes of Tinubu as a public servant and not a demi god.


It's obvious you have not crossed the shores of Nigeria because if you have been to Morocco alone you won't be yarning this dust at all.


When they know Nigerians have this kind of awful mentality it triggers them to misuse public funds anyhow.
.

Rufai can be emotional no doubt but in all that guy and seun have my respect any day any time.They know that can't buy their mind so no need to bring them.


Shey you are wailing about keni Badenoch.You will still still more Kemi in the future if you guys don't do the right thing.


I am absolutely sure you won't address those key issues raised without emotions.Am damn sure

My concern is that if Rufai really likes the country, he would have asked those whose direct responsibility it is to run such sectors like electricity etc. and we know that they will give better answers since it is their line of duty but no way, they must speak with the President on every item, this shows their true motive, recognition, crowd etc.

Our focus should be to develop our services so much such that it works irrespective of who the governor or president is. If you live abroad, electricity, health, education, sanitation etc is handled A-Z by the ministry incharge. I don't even need to know who the MP or Mayor of the city is to have my bins picked up, the only time you know about them is during elevctions. The unit that provides such services is what we know.

pluto09:
Fuel will never be cheaper without subsidy even if all our refineries are working. PBAT did well by removing the subsidy and floating the naira.

True talk. There won't be any gain if the two were not done at the same time and it takes a bold, brave person to do it.

It's like pressing a RESET button on everything. I believe from here, it can only get better and better until we get there.

I agree it is difficult to see it this way because we are blinded by several things.

I pray he continues in 2027 and someone who will build on it should come in 2031 and not someone who will reverse them for popularity. Everyone know that it will take at least 10 years of consistent efforts to build a new country. Nigeria will be better and a different country by then.

Agriculture & Livestock, we grow what we eat and export, Oil and Gas investments, solid banks, students' loan, security. infrastructure, coastal road, Lagos Sokoto highway, viable cities, FDIs, low inflation, solid national reserve, reduced debts, health care, we produce our drugs, strong capital market etc.

I gather these few things in the presidential chat , I am afraid that many intelligent persons like Rufai Oseni could not even hear or see these in the chat.

I come in peace and I rest my case.

InfoGuru118:
https://news360ng.news/rufai-oseni-slams-tinubus-media-chat-questions-his-understanding-of-nigerias-issues/

The first thing I learnt here is that, to Rufai Oseni;
1. The Media Chat is the only way a Nigeria President can engage directly with Nigerians.
2. The Media Chat is the only way a Nigeria President can address Nigerians.

I stopped reading afterwards because I do not want to listen to toxic, biased, reckless opinions for my sanity.

I wonder what some journalist takes Nigerians for? Some of them like the public space so much, they feed their egos by casting bitter and sentimental aspersions on leaders while throwing decorum, decency, truth and sincerity into the dunghill. To some of them, their over bloated sense of importance tells them they are the Nigerians so if someone has not talk with them one-on-one, he has not talked with Nigerians. It pained them so much to accept that there is life outside their cocoons with lopsided idea of democracy and governance.

Dr. Abati must be a very patient professional and personality to be able to engage closely with some journalist with their self-inflicted Selective Dementia. He kept coaching them but pride will not let them see. He swore on his integrity and 20 years experience with media chats that the chat was a success, that the president was not even primed nor given prior questions like most media chats; but they must still spew out their infections everywhere.

When will Rufai Oseni and others become the Executive President? or Governor, or Local Government Chairman?

They know so much, they know what the executive should do, and how and when they should do it; what the executive should say and how and when to say it etc.

The day I know that talk is cheap was the day I heard the same person on TV said "he cannot be involved in politics" and will not let them breathe. What an irony? That is why Peter Obi is different from his followers, he is talking and will also pick up the form.

I am challenging Rufai to pick a form for any executive position and show us the stuff he is made of and not all these bala blu on TV.

yinkus6750:
This isn't a good one.
It's purely political.
Size of governance need to be reduced in order to save cost and reduce the level of corruption within the system.

I think most times, we just follow the crowd on issues. We should be strategic.

Let's leave the presidency a little. Do we need both upper and lower legislatures, I mean the 109 senators and 360 House of representatives members? You can say they represent the whole country, but so are the ministers too, they must be from all the states of the federation.

We also like focusing on Presidency and its ministries that get about 40% of the federal money and leave the state governors that share the remianing 60%.

Even on the issue of national debt, we must not focus on Presidency alone but also State governors who usually go on borrowing spree. The Ogun state issue with a Chinese company comes to mind readily, the chinese company had to seize Nigeria assets/planes worldwide.

We have got to be strategic.

debeey87:
Paying shareholders will resonate better. Same company is paying social media influencers to promote them. Which other E &P company have you seen doing same. I believe if they do well, the numbers will speak for themselves and they don't have to pay anyone to promote them

Na wa o. It is well.
How can human being be satisfied?

Those who are complaining about the party or OandO not paying dividends are myopic, ungrateful or just mischeivous. We had a company that is almost done and dead and the management, through their doggedness turned things around and the company, though not totally free but has a path already set for a great future and some of us are still complaining.

The first time I bought OandO was N4. I have already written the company off as bad investment but just decided to keep it since the money is not that sizeable or enticing only to wake up one day and saw 8 digits, only from OandO. from N4 to N89 then. Dividends could not have done that. Capital appreciation did it smoothly. I can have my own party by selling a few shares from my stake in OandO if I need a party badly.

As somone said, the end of the year party is not for shareholders, it is for the staff who have worked tirelessly to turn things around and the management did very well to recognise them by throwing a big party to celebrate the gigantic achievement and motivate them for future exploits.

Lastly,for my fellow shareholders, Capital Appreciation is much better than dividends payments, that is why some great US companies e.g. Google, Amazon, Nividia, Apple, Facebook, Microsoft etc are called growth stocks, they deliver capital appreciation and not just dividends even though some of them still pay but not at the expense of growth that will create capital apprecaition for their shareholders..

Willie2015:
How do you pay for international transactions if there is no Dom acct ?

Are the banks ready to remit dollar and debit my account in Naira...?

We like to implement laws in Nigeria without first building the operational framework ...

We operated like that before dom accounts become popular.

You receive money in forex and bank credit you in Naira.

You send money in forex with naira from your account.