Locotrader:


All these bad policies and insurgency are dwelling in our midst but we are still surviving them.Stock market can only do a little pullback on any sad news then move forward again.

This morning ASI was doing 101k on the news of interest rates and later closed at 102k.We will still ride this bull.Wait let the Dongotes & co list their shares and see us at 150k by year end.

Short term benefit can’t be attributed to the long term effects of what you portray (bad economic policies and insurgency)….They are recipe for economic disasters and disruption of a country if not well managed 💯

ositadima1:


Why stop at 3,000? When the currency reaches 3,000 to the dollar, what then - won't it just continue to 5,000, and after that, 10,000?

Buying dollars is just a temporary solution that will hasten the day of reckoning.

What happens when you can't leave your home because the streets have turned into gang-controlled zones where your dollars provide no safety?

Kidnappings are already on the rise; soon nobody will be safe unless they can pay for escorts.

Purchasing foreign currency offers fleeting respite but does not address the root causes of economic instability. Without meaningful reforms, the crisis will only worsen no matter how many dollars one accumulates. The focus must shift to long-term solutions before lawlessness and violence become insurmountable.

We are saying the same thing with different opinion. If you read what I wrote very well, you will see the word “Bad Economic policies and we can’t pray our way out of this mess”

That’s what brought us here…

BabsO2:


This $ thing and high interest rate is raising some bears in the market. I pray for a speedy resolution to the current challenges of insecurity Nigeria is facing. That this N3,000 will not happen this decade if it will ever happen. I pray the N3,000 is averted by the Grace of God. This dislocation will be too much.

N3,000 will come and nothing will happen. The same way we cross $1/N1,500+…Nigerians have a way of moving on and adjusting to poverty and bad economic policies…

We can’t pray our way out of this mess. The reality is not matching. Do you know how many companies are about to leave Nigeria presently? Anyway make I keep quiet. When the news hit, you will remember…As Nigerians do say, it is well!!!

Streetinvestor2:
The joke is on u.Nobi only three business na I million. Remind us you moniker before for this market that starts with M..And how you failed. The same way you will fail in the dollar speculation and change moniker for bet naija

Alright sir if that will make you happy…

Locotrader:


Fear God for once.
You are Jonah in the boat.

Sir Loco,

It is not about me. It is the reality on ground 💯

Streetinvestor2:
He failed in stock market and changed to the new moniker that potray him like God fearing.They are the type that brings bad image of Christianity

Someone that failed in stock market wouldn’t be controlling 3 businesses and partnering others as well.


I don’t know how my opinion make you bitter? Anyway, I will be here to remind you that $1 is on his way to N3,000. The difference is you don’t know what I know. Peace

emmanuelewumi:




Thank you very much for the update, speculating in dollar is not the only game in town. Choose the one that suits your situation and temperament

What about those doing it and buying what you bought in stock market sir?

Streetinvestor2:
The ones you have will rot in your hand.And a Friend bought it black market yesterday #1450.

Don’t worry, I’m standing on the mandate

E ku market ooooo…while we enjoy stonk market lol

$1 is N1,500+


On his mandate we stand

Happy New Year!

E ku market ooooo


If you see profit in 2024 please take it. Don’t get carried away. No one ever take profit and got broke. 2024 still have a lot of intriguing things ahead 🚶‍♀️🚶‍♀️🚶‍♀️

ositadima1:



Why the emotional outburst? Someone made a factual statement, and you countered it with dubious claims. Why nah?

Currency decline or devaluation makes sense when you already have infrastructure in place. Then, investors will come in, and exports will boom. Nigeria doesn't seem to have strong infrastructure, so the devaluation will cause more harm than good. Very soon, it will be clearer to everyone.

"The ability to predict the future is not about magic or ESP. It's about understanding the past, present and the forces that are shaping it." - George Soros

Thank you sir. Some think $$$$ rise against Naira is going to benefit NSE. No FDI or FPI will take any country serious with uncertainty regarding their economy or currency. Presently right now, $ to Naira is almost N1,200 (Naira)…We are the edge of a time bomb

OldBeer:
You are wasting time on a perpetual old foool.
Rumor has it that he got burnt on the NSE and now resurfaces to gloat about the dollar rates. It's the only way he can be happy.

Do what others on the thread do and ignore him.
🚶‍♂️

Thank you Mr. Young Investors. Don’t worry, Naa here we dey together when NSE crash and I will buy all your holdings within minutes Lol

E ku market ooooo

Hope the “renewed” is getting the “Shege” going?

$1 already N1,140 (average)

£1 already N1,400 (average)

Let’s go

maishai:


This are the conditions necessary to attract capital and catapult Africa in general to a producing nation

This country will wallow in limbo if leadership dont change their mindset

Nigeria needs to find a way to attract big international players and allow them make their money but they will train our people and we would use the knowledge to develop the country......

The kind of leadership we currently have frown at development as it reduces their power base

International players watched what we did to the south africans and are extremely weary......Obj tried his best to attract the needed capital into telecoms, once it got a foothold lo and behold everybody turned economist with jingos of how they are cheating Nigerians, Buhari finally nailed it with his capital controls...... Is this where you want to risk your capital

Our biggest capitalist, the likes of Rabiu, Dangote and Elumelu dont have what it takes to deliver and keep an industrial sector running to world standards.... Their idea of industries are sweat shops where all Nigerians are casual workers

For Nigeria to develop, same autonomy granted to the likes of Rabiu should be granted to big players that want to invest in the country.........

While Asian countries embrace devaluation to keep their economies compititive. Africans are promising their citizens $1 to #1 and are not producing anything

You’re absolutely right. With the present leadership in Nigeria at the realm of power, we have no where to go. It will keep getting worst and doom. And no FDI or serious FPI will surely take us forward. We lack basic reasons (rule of law and justices) out of many reasons why the have to invest in Nigeria in my own opinion…

E ku market ooooo…

Thank God we have finally cross $1 to N1000 (Naira)…

We are on our way to $1 to N1500…to N2000


By December, we will be $1 to N1500…

By Q2, 2024, we will be $1 to N1800/N2000

This is the renew hope…market is rallying LOL

Willie2015:


This is the essence of having trading portfolio
in foreign currency...
even without trading...
U are making double digit profit....

Absolutely sir. You don’t have to worry…your foreign currency/portfolio will do the talking while Naira keep going worthless

E ku market oooooo

N1,015/$1 at the moment…we are on our way to $1 to N1,500 soon

E ku market oooo. This govt will favor me and my family oooooo

$1 = N942/945

Peace

Mfunkynation:

Hallelujah!
This month Will be GOOD 🙂
so no Dollar price information again

Oga calm down. Nigeria is a dollarized economy and it is a factor for FDI, FPI, and every diasporan Nigerians. My message is for those who trade only Nigeria market and trying to chase the top….

For those looking for bargain in Nigeria Stock Exchange market, be patient. There’s no need to rush to buy anything for now…let the trade comes to you. Don’t chase because panic selling going to set in soon. Patient…

Willie2015:


Some of us trade on NASDAQ, NYSE,LSE etc
We also trade forex and crypto.......

FACT

emmanuelewumi:
Naira to dollar is expected to reach N1000 by April 2025 and N1500 by July 2028.


I think a Nairaland denominated asset that can deliver a minimum total return of 100% between now and July 2028 will hedge the devaluation risk.


Using the 72 rule, that means a Naira denominated asset that gives a return of 14.5% and compounded for the next 5 years, will be a return of 100% in July 2028.



If you do your homework well, you should be able to do better than 14.5% per annum

Sir, I appreciate your analysis. Forget about what Nigeria govt is telling you or economic data. Naira against $$$ will cross NGN1,000 before the end of August/September, with this wasteful govt in power. Till then, we are waiting!

Mfunkynation:

Your problems is always about $ $ $!
how you help me understand the synergy between $ and Nigerian Stock.
Thanks

Problem kè? There’s no problem anywhere jare. Let’s go market is bullish

E ku market ooooo

$1 to N855

Please wake me up at $1equal N1,000+ soon

Streetinvestor2:
stop spreading fake news. It is btw 750-760..You think you are talking to garage boys

You think it is fake news? Don’t worry reality will surface soon…

E ku market ooooo

Remainder: $1 to Naira is N815 (Naira)

When is “Nigeria Air” or “Air Nigeria” going to be listed in NSE?

LOL

jideflash:
abeg who fit borrow me 465million naira, for 1month

465 million Naira at ($1 = N800)

LOL

Streetinvestor2:
@current whr is your total heading .Maybe we should be expecting #500 since naija is about to enter promise land from next Month via the wolves/corruption

LOL

Agbalowomeri:


Oga 4 years bawo? We are breaking it on or before January 2024

“HOPIUM”

E ku market ooooo

E ku market ooooo

E ku market oooooo


Well, “MILD” recession loading according to federal reserve…Brace up!

Projection: $1 to ….(EOY)