TLAX:


Who other countries go blame na?

Trump

BullBearMkt:
HAS THE FORUM TURNED INTO COMPETITION?
With amusement, I have read various posts in the past couple of days. I keep wondering, if there is a prize to earn if anyone could predict accurately the reversal point for GTB? Will the right person be awarded a $50,000 prize or nothing? If there is no award, then count me out. But if there is any and is less than $50,000 - still count me out. However, if the award is over $50,000, then I AM IN!

Even at that, can I accurately tell the exact price point the stock can reverse & begin the rally? In all honestly, I cannot. I can only predict a possible zone based on past data and as we know, "Past performance is not an indicator of future outcomes" - says disclaimer from many professional analysts.

I've always admired your maturity BBM

Lol I remember during the last bull run. NSEMPA dey do 10 pages daily easily. But now we dey struggle to do more than 2 pages daily.

All the experts that sprung up from no where then don go hide

Valueinvestor:
Even if gtb gets to 10,or zenith 5,some people will still not buy out of extreme fear,
I have once overlooked fbnh at 2.97,even gtb at 12 before out of fear
NSE is not for the faint hearted,there is nothing new under the surface of the earth,what is happening now has happened before and will still happen in future
Market is always comes in cycles -WD Gann

True that. Not everybody has a grip on their emotions especially during a bear market

pluto09:


Zenith at N5, GTB at N10

Ha. At those prices what will Japaul, Daar Communications, Union Diagnostics etc be doing

At what junction should we enter Zenith and GTB

PETERiCHY:


My comment on March 11th 2019.
The WEALTH TRANSFER will favor the ONLY the PESSIMIST while the OPTIMIST are already biting their fingers and blaming it on global event

Ask yourself why NSE wasn't booming when global stocks were booming.

I repeat this GOVT will only make the PATIENT BARGAIN HUNTERS richer. Of which I'm a benefactor during the 2016-2017 Dollar brouhaha. when it shuttled between N250 and N520 due to BUBU inaction.

History is about repeating..........

BARGAIN HUNTERS TAKE NOTE !

*ThE OcToPuS*

Intendy:
Stocks with new 52 week lows

Fbnh #5.00k

Transcorp #0.89k

Zenith Bank #16.80k

Eterna oil #2.60k

Livestock #0.41k

Continental reinsurance #1.27k

Law Union #0.39k

Uacn properties #1.12k

Ucap #1.90k

Guinness #41.40k

Chai see as mendes911 stone me oo

Zenith Oil Exploration Company seriously digging for oil.

bigsmoke2:
Pls am a novice inherited very large volume of stocks but the value is fast dropping. I've approached a number of brokage firms who all become desperate once they sight my dematerializaton form. only excepton was ibtc but they require 5millon cash deposit to trade with them. even though my stock is worth way more than that. All others have been disturbing me with calls and messages. I just need general advice from gurus in the house. I've read a lot of scaring things about stock broking world such as unauthorized sales of shares etc. From my deduction one needs to thread with caution in the broking world. So as not to loose all that money. A firm billed me 10% for indemnity in an attempt to make so much money from my stocks while ibtc only asked for 1% of stock value Kindly advise me so I don't jump in bed with a crafty brokage firm. Also can I open multiple accounts account with different brokage firms just like bank account or I can only move my account from one firm to another like pension.

You can try FSDH Securities. They are reputable or Lead Capital.

WARUM:



BRO HOW DO I GO ABOUT THIS?? I HAVE A 500K AM WILLING TO INVEST FOR A PERIOD OF ABOUT 20 YEARS... please can you put me through how to buy this bond?? and u mean one hundred and 113m??

You are misreading the post. The 113m is from investing 50m in govt bonds at 15% for 18years

Agbalowomeri:
So the monthly ASI index August candle is now below the ichimoku cloud
Brace for impact

Do we brace for impact (which we may not survive) or eject while we can and improve chances of survival. Asking for a friend .

RabbiDoracle:


Why didn't you use this to send the message?

I no longer have access to the email I used in registering this particular moniker. So if I send with this I can't get the response.

Good Afternoon Rabbi,

I sent you a message through NL but I used a different moniker. Can you please check your email. Thanks

RabbiDoracle:


Before your Tbills go mature, stocks fit don gbe jaaaa.

Try and wait for double bottom.

Cc Veecovee

Dipo you might want to correct this in your article.

Business Post reports that shares of UBA went down today at the stock market by 10 kobo or 1.69 percent to N1.80k per unit.

dipoolowoo:
2019 H1 Results: UBA to Miss July 30 Deadline
https://businesspost.ng/2019/07/30/2019-h1-results-uba-to-miss-july-30-deadline/

Unity Bank Grows Half Year Profit by 96%
https://businesspost.ng/2019/07/30/unity-bank-grows-half-year-profit-by-96/

BullBearMkt:
...the robot ban is over! I guess the system saw many posts after a long while & felt threatened

Happy to join my "family" back! How is market jare?

Welcome back bro. How is fxuser?

emmanuelewumi:





We are together on my WhatsApp group. SMI

Hello Pa Emma. I would so much appreciate it if I can be added to that WhatsApp group.

robobo:
The person wey dey offload this UBA na lily livered person oooooo

he shld demolish this walls at 5.55 and 5.50 fast naaaaa

I think say na only me dey queue

kryptem:
How can one go about change of stock broking firm?
Also, in Nigeria of today, is it possible for one to control his or her stock holdings and execute buy and sell of choiced instruments within the confine of his or her room using online apps?
I want to be able to have control of my portfolio and not necessarily have to go to brokerage house/firm before I can execute actions. Any enlightenment on this?
Thanks!

Several options for online trading on the NSE. Google the following stockbroking firms, go through their website, select one and fill out their account opening form online and you are good to go

Morgan Capital

Lead Capital

ARM Securities

Meristem

Green which

Investment One

Afrinvest

It is sad that Cashcraft is still like this. I had this same issue with them way back around 2007 or 2008. Several calls and emails did not solve it. My money only got released after a visit to their head office.

That was the last time I transacted with them. Unfortunately I no longer have their contact details.

Lxdd:


Good day sir. I'd like to get involved in the NSE and I was wondering if you could please put me through.

Visit this thread and and read as many pages as you can, then ask questions https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

yemmit90:



So, your own 13.57% of 4M per annum for 7 years is over 8m?

Do you know what compounding is and how it works? Take a look at the picture attached to see how the 4m is compounded annually over 7 years.

You can also use the compound interest calculator on this site to calculate it if you cannot calculate it manually. https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

In fxuser's voice. "New lows begets new lows"

Really miss BBM and fxuser's inputs in this thread

Intendy:
Stocks with new 52 week lows

Zenith Bank PLC #18.50k
Uba #5.55k
Stanbic ibtc #38.50k
PZ #6.00k
Ecobank #9.05k
Seplat #480.00k
International breweries #15.30k

stcool:


* UBA will be a good buy below N5

UBA at N5 will give you a dividend yield of 15% after deduction of WHT. Your head is there

A few days ago I came across this article on Nairametrics which should be of interest to those looking for opportunities to invest in US stocks.

https://nairametrics.com/2019/07/08/heres-how-to-invest-in-us-stocks-from-nigeria/


Here’s how to invest in US stocks from Nigeria
By NM Partners - July 8, 2019 8


The US stock market is the biggest stock market in the world, accounting for over 50% of global stock market value. The combined market capitalization of the NYSE (New York Stock Exchange) and NASDAQ is currently about $40.2 trillion. For comparison, the Nigerian stock market has a total market cap of $38.3 billion.

US stock market, US stocks, Trove Finance

It doesn’t matter what you’re investing in. Be it stocks, bonds, real estate, or any other financial instrument, the goal of investing is simple: generate extra income.


Arguably, stocks have shown to offer the most potential for growth as compared to many other asset classes. They are also far more liquid and diversifiable than real estate and many other fixed-income assets.

US stock market, US stocks, Trove Finance

As a Nigerian, investing in the US as a non-resident was a difficult process prior to now. Most international brokerages would require, at minimum, a valid US visa or a green card in order to be able to invest in the US stock market. Investing in foreign markets was also relatively limited to high net worth individuals (HNIs) as the amount required to invest was, typically, in the thousands of dollars range.

One of the most common questions in investment groups and forums is “How do I buy shares of Apple, Tesla, Dropbox, Uber or Facebook?”

The NYSE and NASDAQ being the most valuable stock markets in the world have consistently outperformed every other market. Unfortunately, they have been largely inaccessible to Nigerians and Africans in general… until now.

US stock market, US stocks, Trove Finance

This article will serve as a guide to get you started in investing in the US Stock Market.

What you will need:

Your Bank Verification Number (BVN)
Your Valid international passport
A recent Utility Bill or Bank Statement
How to get started
Download the Trove Android or iOS App from the Play store or App Store, respectively.

Curious about what Trove is?
Trove is a digital investing platform that lets you invest in stocks, bonds, exchange-traded funds (ETFs) and other securities directly from your smartphone.

How secure is Trove?
Trove ensures your personal information is secure by its use of 256-bit encryption & that your personal data is stored using cutting edge technology.

Trove’s partner, DriveWealth LLC, a self-clearing broker in the US is a regulated member of FINRA/SIPC and holds all the US trading accounts on Trove. It also protects securities holdings of its members of up to $500,000 (including $250,000 for claims for cash).

Trove’s other partner, Sigma Securities Limited, a broker-dealer regulated by the NSE (Nigerian Stock Exchange) & Securities and Exchange Commission, holds all Nigerian trading accounts.

Product Features of Trove:

Platforms: Android & iOS
Minimum Account Opening Balance: $10
Required Documentation: International Passport and a Utility Bill or Bank Statement. The documents will be an image not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).
Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. You can also fund your wallet via a Bank Transfer.
Holding period: As long as you like.
Security: Bank Grade Encryption
Investment monitoring: You can track returns on investments purchased through the Trove app.
Withdrawals: You can withdraw uninvested cash in your wallet. You would however have to wait for 3 business days in the case of Dollar denominated withdrawals. If you’re withdrawing more than your invested cash, you’ll need to sell some of your purchased assets. Sell orders take get executed in real time. You can either choose to deposit the funds into your wallet or bank account.
Why you should invest with Trove?
Low Minimums: Compared to other investment platforms that have high minimums, Trove allows you buy stocks of US companies with as little as $10.
Fractional Shares: Trove lets you buy fractional shares in companies like Apple, Google, Facebook, etc. With fractional shares, rather than buy a full share which can cost hundreds of dollars, you can buy a fraction of a share.
About Trove Technologies Limited
Trove Technologies Limited built and wholly owns Trove, a technology platform that allows Africans to invest in financial securities locally, within the continent, and internationally, outside the African continent. Trove also provides APIs and tools to broker-dealers and fund managers in order to provide access to global markets. Trove neither offers its own recommendations on any security nor provides its own research to any user per any security transaction and/or order. Trove is a technology platform, not a registered broker-dealer or investment advisor.

For more information, please visit https://troveapp.co

Yayira:
Is this true? 10% for one month?

Interest rates are quoted per annum. That 10% is for the year. To get the actually interest for one month divide it by 12.

Please where are BBM and Fxuser. Both of them just dropped off the grid without a trace.

This place dull o.

I don't see the big deal in the banking license MTN applied for. It's a Payment Service Bank License and the financial requirements is what some people in this forum can meet easily.

Application fee : 500,000

License fee : 2,000,000

Minimum Capital: 5,000,000


Attached to this post are eligible promoters for PSBs.

Jobac:
I managed to read the first 10 pages and the last 20 pages, mehn...big guys full this place. Many silent millionaires. Not all these noise makers in my street...I am also one of them anyway. The people here have humbled me. People are making money here silently and we are declaring serve them all at the beer parlour.

Looool. This got me cracking.