₦airaland Forum

I see @Agba is back, welcome from the land of the mute according to @yayira .
Its like you are on Dominique's (don't know who that is) watch-list, so tread carefully Sir .

TradeInvestGal:
@ Sir Fxuser and bullbearmarket, a big thank u to u two. I always enjoy reading ur post on technicals from the side line.
My shout out to other ogas like Sir wanajo, ogg, agba, cp, rebekah, rationalmind and to my fellow ladies like yayira, parisfran, hyness etc. I truly appreciate u all!!!
All other protocols are duly observed and also respected.

Welcome Sis, happy to have you here. I actually wish for more ladies to the Forum.

Bezzle:
A very Good afternoon to Everyone in the house. I would like to commend every contributor on this forum....

Happy new Month Sir, and also to everyone!
Please do post more often, contribute, ask questions and seek for investment advise as you already know there are many intelligent ogas here to give their diverse opinions upon which you could base your investment decisions on what best suits you.

Onuokwu:
Conventional thinking says fear of the regulator is the beginning of wisdom. I will however like to see a Bank take on the CBN on matters of policy if it's hands are really clean. The CBN itself is an "Augean Stable" with a top hierarchy steeped in unprintable allegations of bribery, extortion, blackmail, etc.

I agree. Pretty much so, and how unfortunate.

14:
Did the $15bn they invested in Nigeria fall from the sky? or was it coming from Nigeria, noo, the $15bn came from SA. so its logical that the SA investors must get the profit. it seems you dont understand economics.

chai! (can't stop laughing)
I do not understand economics, its not my field, and that is why i have all those many question marks(?) in my post cos i want to know.
But come o bros no vex, are you from down there (SA), becos the stone you throw at me heh, its like you used all your might and strength. :
Thanks for pointing out the bolded i appreciate. Learning continues.

Mcy56:
Lol.
Thanks for reaching out.

You are welcome.

Mcy56:
You were pretending as if you didn't care before, few days now, you are already missing him.

I did miss his playfulness but certainly not his unsympathetic grave robber price quotes.

tritritri:
Agba and dat oil lubricant are 5&6.

one is here to joke and laugh , the other is here looking for lubricant oil and say foul languages. they both deserve ban for a while.

True.

@cadno:
http://www.nse.com.ng/market-data/trading-statistics

I tried.

@Agba, they said you are on a few days ban, no wonder you've been unusually quite since. Eyàa sorry.

aremso:
oga, take all una politics discussion to political thread ...

Sorry Sir, its because the political info was posted on this thread up there on this page, and am sure he posted it here cos its an important info that could affect the country's perception and in extension, the economy.
In my post i actually did apologized for the slight deviation becos i got carried away by it.

dipoolowoo:
BREAKING: Saraki Declares to Run for President 2019
https://www.businesspost.ng/2018/08/30/breaking-saraki-declares-to-run-for-presidency-2019/

It is well oo. In a sane society, whether all the allegations on him are all false, or some of these allegations were squashed by the law court (no smoke without fire), this oga is suppose to even resign as senate president, but here he is wanting to preside over the affairs of the entire country!
Meanwhile take a trip to Kwara state, his own state that he governed for 8yrs (which his family still hold bound), nothing, i mean nothing to show! How can we move forward as a country like this, because these political parties are the ones that choose candidates for us, whether we like or not, we are forced to vote for whoever they present (maybe till whenr they give us law that allows a candidate to contest without party affiliation).
Sorry i deviated to politics, my mood is not just ok today thinking about how i so wish for things to be normal in this country because we have so much potentials.

dipoolowoo:
Yes, it is a refund, not a fine, but when the money is refunded, it would be subjected to tax, which I believe MTN wants to escape.

OK. so its the tax they are running away from. You can imagine how our own country men will connive with foreigners to surcharge their own country! becos if that money was truly taken out illegally, there was collusion somewhere with my people.
Anyway, all we want is for those in authority to always do the right thing so that this country can develop and move forward like other countries we all admire.
Meanwhile oando forensic auditing is still pending till now#SEC, it may not see the light of day, and shell-holdings continue after them eat clean mouth. just soliloquizing jare, i just want us all to succeed because we are really trying hard to make our lives better genuinely!

Mpeace:
Its not like CBN is saying they should pay $8billion oh. CBN only wants them to return the money back to nigeria. When returned, the money will still belong to mtn. They will now be required to follow due forex process in taking it out of the country.

And @rebekah2011

Thank you for the correction, i meant to say they may not want to return the money.

swilo:
I will still buy Diamond Bank shares in December whether NSE likes it or not.

Why wait till December, why not start watching for from now, when it starts trading below N1 (sorry those that have it in portfolio) you begin to buy, cos i have a hunch you may even get it cheaper before that December if they do not have any positive news to cushion all these negativity trailing them now.

^^^
@Mpeace.

(modified) - I know the money belongs to them. But are they not as foreigners investing in this country suppose to re-invest the profit back into their host economy? Is that not suppose to be a condition to grant them license to invest here in this country? Because its wrong to allow them make the money here and then take the gain/profit away to develop their own country's economy. Or is the money not part of the profits they have been making from their business here?
But then what am hoping should not happen as they are contesting the claim is if CBN or any other regulations can still fine the banks involved in the repatriation?

dipoolowoo:
Yes, according to the statement released by MTN, it is contesting the fine.

Don't be surprised that the fine would be reduced after talks. This is Nigeria, where most people are ..............

Yes i agree with you! This is a ploy to not pay!

stcool:
So you think its only Nigerians that sucked Etisalat dry...no worry black man get mind and can wage any war for a foreigner for just $1 million. Even the one MTN took out somebody gave them the go ahead and said nothing will happen, just settle me.

But like Oliver Twist, Nigerians would always ask for more.

This one that Mtn is contesting CBN fine, its like everyone involved in the deal is gearing up for more kickback to pass under the table as always, they may never pay the fine, or it will be reduced drastically. I do not believe CBN will just come out to announce this allegations without doing their own internal investigations.

Yayira:
This administration did not favor diamond bank at all but this illegal money repatriation happened back in 2015-16 when MTN was fine for not blocking unregistered SIM.

Its like Mtn is contesting the claim by CBN that they did not illegally repatriate the said sum, $8.1b back then.
https://punchng.com/mtn-refutes-claims-of-illegal-repatriation-of-8-1bn/

Mpeace:
This one is enough to return the exchange rate of the naira to 200 to a dollar.
8billion dollars looking for naira?
Uzoma and family are using mtn to finish diamond. Much of their so call technological advancement expenditure dat has been eating up profits has been contracts given to mtn nigeria where the senior Dozie(pascal) sits as chairman.

Our regulatory institutions (eg SEC) are sleeping at there jobs while Minority shareholders of Nigerian businesses continue to suffer for the selfish and fraudulent decisions/activities of the people in charge of these businesses.
Why are these people individually not being sanctioned for their actions one may ask? instead it is always the business itself that gets punished with heavy fines and all what not, imagine! abi na so we go dey dey?

tritritri:
Really stressed ...last time i got myself in this mess was 2016 UCAP . and 2017 oando loss...

I sensed it. Don't worry too much, it will be fine, it is not death. Try not to think about it, Stop checking your accounts, Stop coming to the Forum frequently, do other things to occupy your mind, engage in activities that will uplift your spirit, be positive and build your faith in God, you will be fine, be Patience for just a little while, it is the key!

^^
Thank you! You are so sweet! The truth actually is that to be in this type of market as a woman, one needs to be rugged, we will unknowingly slip from ruggedness every now and then as female. Other women in this Forum are equally amazing too, i don't think they are veiled (you can tell how easily we may all get provoked or become petty).

swilo:
Nice one, though the 'great tritritri' has been in this cycle since the initiation of NSE.

This bear dey learn work...

@swilo, am worried for him because from his more recent posts its like he is stressed, (i may be wrong).

tritritri:
Anyone here who's scared to log into his trading acct to avoid seeing the loss in his acct or am i the only one?

See, you need to try and calm yourself down, stop looking at your portfolio/account at all at the moment. Any of your purchases that doesn't have too much loss as per percentage, sell now, leave the rest, and be on stand by for the right time to buy cheaper. The market will surely bounce back just a matter of time #patience is it. You are not the only one.
Find something to occupy your mind, anything, stay away from this Forum if you can for now, check in once in a while to refresh or get updates on happenings in the market.
My candid advice sha!

.

Agbalowomeri:
Chai are you from edo state?

Hilarious!!!!!!!!!!!!!! chai! (can't use my laughing emoji, phone is new).

gamaliel9:
Please what does Janet mean?

Losing streaks. Hair cuts (metaphorically).
Or, when you are hooked, can't get out and your portfolio start bleeding. Something like that sha.

Agbalowomeri:
Chai see nail for my head There is God o

You na Casanova, Mr lover lover.

Agbalowomeri:
My love, I missed u o

You no go stay for one place! "Lover boy".

Sighting @parisfran, hi, how are you doing today. You asked me a question sometime ago, sorry i didn't ignore you, just didn't want to dwell on that issue by then.
#withlove.

mendes911:
It's enough please. No one is above mistake. Let's all concentrate and figure out when to return to the market or either pump in more cash (for those still in).

I had to do a double take to be sure this post is from @mendes. Kudos to you, #ilike, first time am seeing your post portrays "your brother's keeper" which is the essence of this Forum.
Like @Agba said, we must accept mistakes, whether on time or late, and move on, learning continues. We should not continue to hammer on " I told you so".
When you allow yourself to get hooked and your portfolio starts bleeding after you've been warned to jaaa, you won't wait to be told twice next time before you run when you are told to do so. We know this already!