₦airaland Forum

Why are you guys so determined to prevent Nigeria or any indigenous company from refining our crude locally?

Who are you fighting for? The interest of the Nigerian masses or the interest of the corrupt cabal that don't want our refineries to function?

You said document showed diesel produced from dangote refinery has a 1200ppm. Even that value is still lower than the one obtained from imported diesel that your reported are 1800ppm and 2000ppm respectively. So what are you saying?

Why doesn't the black race want to liberate itself economically? Are we that bad and evil to the extent that we demonize things that's suppose to be for our development, advancement and progress?

Do you know what this dangote refinery will mean for our energy future and advancement if it's supported and allowed to function?

Who has bewitched the black race to the extent that we're continually fighting to remain under the chain of the white man and their exploitation?
Abeg, let's remove our negativity from dangote refinery and allow him to function.
That refinery is the beginning of Nigeria's industrial open door. Let the masses lend their support to dangote in this period because if that refinery can function successfully, Nigeria will witness great investments in other critical sectors that will shock our oppressors.

Let's not be the enemy of ourselves. Dangote has done what our government couldn't do for years. Let's support him instead of tearing him down.

Mtn once had monopoly in the Telco sector but today that monopoly isn't there because others invested in the sector.
Dangote has opened the door of our energy sectors to other investors by doing the impossible, let's support him

Government in African countries are the most useless in the world. They do everything to work against their people, their countries and the future of their people. All for what? Money? Sad!

Farmers should avoid getting the seeds they plant from all these research institutes in the country. They're all serving the purpose of their western masters.

As a farmer always save seed every season for the next season so you'll never depend on anyone from for ur seeds.

dapotemi:
If you ask the same person to pay 2 million in unilag, he/she go carry placard..... Education is very expensive..

Mumus like the one above are part of the reasons why it will take special divine intervention for Nigeria to work.

They're always equating the value of goods, services, institutions etc of countries with best standards with those with no standards. The sad thing is that they always do it without considering the minimum standard of living in those countries they're comparing with and the level of opportunities there. It's very sad!

stillseth:
Change your circle .. why hang out with friends you don’t trust

Oga being safety conscious has nothing to do with trust. The friend should have known better that he's not supposed to open anyone's drink in the person's absence.

Don't use trust to put yourself at risk because in today's world the only person you know quite well is yourself. Your safety should always come first in whatever you do, unless you don't value yourself that much

Dyfynezz12:
If i was your friend nd u do that to me,I will definitely cut u off,I won't even send u any text or call.

It's not everyone that wants to kill u

Oga, as a mature human being that you are you're supposed to know that it's unethical to open anyone's drink in the person's absence, unless the person is your blood(close family member).

All those whose drink were poisoned had trust for the people that poisoned them but they're now in their grave.
Never trust anyone to the extent that you'll make yourself extremely vulnerable and put your life at risk.

nairaman66:
Please tell us what you earn first!

I don’t know how foolish people can be sometimes especially Nigerians abroad! If you want to flex, living abroad alone is a flex!

You have too many good things over there!

Security
Education
Viable laws
Healthcare
Economy
Transportation

Name any sector that works in Nigeria?

Yet you still complain.. Shame on all of you abroad trying to compare with Nigeria. Shame!!

They're really stupid. They use differences in exchange rates to compare prices instead of differences in minimum wage.
When you consider their minimum wage over there you'll realize that we're paying through our noses for goods and services down here in Nigeria.

Anyone that uses differences in exchange rates to compare prices between the country they're in and Nigeria is an idiot and my wish for such person is deportation so he/she will come and enjoy the cheap prices of items in Nigeria

helinues:
That one no be talk

Things are cheaper in Nigeria but not available.

Things are available in abroad but expensive

Oga things are not more expensive abroad. When you compare what they're paying over there with their minimum wage you'll discover that such items or services are extremely cheap.

What's our minimum wage in Nigeria? Things are much more expensive in Nigeria than many other countries when you compare the price of such items in relation to their minimum wage.

I wonder why some idiots that have been lucky to japa from Nigeria will go there and start comparing prices of things there with Nigeria based on exchange rate differences.

They need to compare price with minimum wage to know the true value of those things.

Just saying

DeGods007:
It's true na but that does not mean you won't buy drinks and cook food for some that will attend.

And the only encouraging thing here is that Urhobo women don't cheat in marriage. It's a very big taboo, reason why most of their women comes with a very high mileage before marriage 😂😂

Saying urhobo women come with a high mileage is a bloody lie from the pit of hell.
Urhobo girls are one of the most decent - if not the most decent in south south.
Ask around to confirm.

And let me tell you, other tribes are coming to rush them. Urhobos don't charge high bridge price or give you unreasonable list as they will tell you that their daughter is not being sold to you and you have no right to treat her anyhow.

So saying urhobo girls LovePeddler around to have high mileage before mirage because tradition don't allow them to cheat while married na cap.

Urhobo girls are some of the most loyal in marriage and if you marry from a good family and you're a good guy, your peace of mind and longevity is sure

Streetinvestor2:
They have a reason for asking. You said you are moving account from somewhere. And requirements for anything do change. If it is signature specimen they want which you get from your bank.it should not be big deal.It comes with your picture and signature certified by the bank.It means they want to confirm the identity of who they are dealing with in reference to other documents submitted or documents from the other house you are coming from.
And if I may ask why is signature specimen a big deal if the account is important to u.And identification mode has nothing to do with individual or joint account

Thanks oga. I've already gotten clarification on what to do. I appreciate the response

Frangel:
It's ok. What they are describing is bankers confirmation of signature (issued by your banker). This is usually requested by Registrars to confirm you and your signature.

Stockbroking firms don't require that to open account for their clients. What they require is a sample/specimen of your signature and you can submit that by snapping and uploading. Your government-issued ID surfices to identify you. Unless there's a change of processes in the last few weeks.

Thanks very much madam for the clarification. I appreciate.

Streetinvestor2:
I don't know why they are asking for it.You get that from your bank and you pay for it.It is confirmation of your signature
It is called signature specimen

Was such document requested from you when you registered with your broker? And it's an individual account I want to open, not a corporate account or joint account

KarlTom:
Firstly, I suggest you reply the email you received and ask for more clarification.

Their explanation will shed some light..

Alright. Thanks for the response

KarlTom:
@ Jadyclem

If you're opening a joint or corporate brokerage account, you need to submit a Bankers Confirmation of Signatories. It costs between ₦500 and ₦1000.

Go to any branch of your bank to get it...

Thanks for the response sir. It's an individual account, not a joint or corporate account

Frangel:
Sign on a white paper, snap and upload. No document as 'signature document'.

Good luck.

Thanks.
But some responses are getting me confused - they're saying I should go to my bank to ask for it.

Please chairmen in the house, I'm trying to switch from trove app to a real stock broker (Morgan capital), but they're asking for one document I don't understand...

Please, which document is called signature document?

Am I suppose to sign my signature on a piece of paper, snap and upload?

Please, can someone that has successfully registered with Morgan capital let me know the type of document that's signature document?

Thanks in anticipation of your response

SayGod:
Oga, mk food nur kill you……..Man shall live without food. This LGBT of a thing gats to be stopped. These people are digging their disgusting fingers into our society.


At first e go be just laugh, just like this idris (bob) matter… soon e go be law, if you think I’m lying look at America and Canada. This so called bobrisky winning best dressed female was premeditated don’t think it just happened. If we don’t stop this madness, these people will indoctrinate our children. This is war, they are not playing.

Very true. That was how it started in the U.S with Hollywood. Now it's worse than a cancer in their society. If we don't speak up now and condemn such nonsense of picking a man as best dressed female, they may start normalizing homosexuality in our movies and make it a norm.

It's better we speak up now and stop such from being a norm in our society than cry later

DenreleDave:
Sometimes I think I should not have been a Nigerian because my thinking level and perspective is far more than being a Nigerian

Femi Adebayo has done nothing wrong.

Mr & Mrs Bobrisky has done nothing wrong and no offence

The only people I think have a misplaced priorities are Nigerians who are struggled to eat and subscribe fighting over people that can afford anything they want anytime.. Nigerians are so annoying.. We leave what's important and face what's less important..


Dollars has come down, the woman selling provisions in your streets and markets has refused to Bring price of commodities down but you are not bother....

Your concerned is Bobrisky and Femi Adebayo.. Nigeria youths wake up and let's storm these greedy sellers

This was how it started in the U.S with Hollywood brainwashing everyone that they are now very confuse that they're struggling to define "who a woman is".

They used that stunt to test the waters to see if Nigerians will react. If nobody had spoken up, before you would realize what's going on you'll see men playing love roles with men will become a thing in our movies and nonsense homosexualism will be normalized.

It's good everyone speak up now so that such nonsense will not become normalized in our society.

How did someone like bobrisky even became a celeb in Nigeria? Bobrisky being a celeb means we are low-key accepting such nonsense in our society. And it's really sad!

Our government is one of the most useless governments in the world.

Binance used to have accounts with Nigerian banks with which their users can easily convert their crypto to naira on the binance platform and withdraw to their Nigerian bank accounts. With this system, CBN can easily monitor transactions going into or coming from the binance exchange and government can gain little money in form of VATs from those transactions.

Then President Buhari buhari came and ordered the banks to close all accounts of crypto exchanges and place a ban on crypto transactions(Simply because he wanted to favor his northern brothers that are predominantly the BDC as their sales have reduced as a result of the common man gaining access to USD transactions in form of usdt through crypto exchanges). Thereby making it difficult for CBN to monitor transactions going into crypto because of the black market p2p window that stupid move paved way for.

The same government is yet to see their mistake and align with the exchanges to do things the right way so they can easily monitor cash flow in and out of crypto. Seems Africa is cursed with dunce as their political leaders.

Crypto is going mainstream in most developed countries while 3rd world countries like Nigeria are yet to wake up. May God help black man!

Deadlytruth:
I will not join those who advise newbies that they can only get good knowledge and clarifications in this forum if they take the pain to go and start from page one and read to the latest page. That to me is unrealistic as it amounts to being asked to read close to eight thousand pages before one can correctly invest. Even those who have been on this thread right from the day it was created cannot say they still don't make mistakes in investment decisions.
What therefore matters in my own opinion is for you to just always follow this thread henceforth while occasionally searching for specific past pages on any particular information or knowledge you want. For example, of you wish to find information on, say, stocks that pay dividends consistently, just go to Google and type that in the search bar and after typing you add Nsempa Nairaland to it and it will take you to the specific pages in which such was once discussed here. That is how I scout for information on this thread.

Thanks joor. U really get conscience! Imagine some people asking newbies to start reading from page1 of over 7k pages! Them just wan discourage us from joining their league but we no go give up.

Chairman thanks for the response

EDUECO:
Nigerian stock exchange website,easykobo.com and simplywall website can be of help.

There are 4 business quarters in a year.In most cases; January to March is Q1(first quarter), April to June is Q2(second quarter), July to September is Q3(third quarter) and October to December is Q4(fourth quarter).

The total results from Q1,Q2,Q3 and Q4 gives rise to annua financial result.

Investopedia.com will be of profound help in stock market investing education.

You can Google search the businesses you have interest in to know if they have been profitable for like 10 years

Profitablity of a business gives rise to dividend payment in most cases.

You be correct chairman!
Thanks plenty for the information.

YeyeGbami:
If binance was doing any good, no country would have banned them. those pesky fuckèrs need to go first.

You're ignorant.
Euro, gbp and other currencies are in binance pegged against their CBN rate, why are those currencies not falling?

Other government are opening their doors to crypto and its innovations while ours are being stupid.

Allow crypto exchanges to have accounts with Nigerian banks like they used to before buhari banned them and watch how this dollar scarcity and crave will die down

Buhari banned crypto exchanges from having accounts with banks to support his BDC brothers whose business was going down, there by giving room for p2p d black market arm of crypto to naira conversion.

If crypto traders can buy and sell their cryptos directly from exchanges to bank and vice versa, black market will be non-existent because the exchanges would use the CBN rate as their peg for the currency conversion.
Such move will benefit government and everyone except BDC.
But the men running the BDC system are to strong so they ended up making binance the scapegoat and some ignoramus are cheering. Sad!

BabsO2:
https://ngxgroup.com/exchange/data/corporate-actions/

There is a drop down on the page that allows you to see Dividend & Bonus declaration for year 2020 to 2024

Thanks chairman. You too much!

222Martins:
To all the newbies always asking what stock or company should i buy? I will say this once and for all.

NOBODY can tell you what is best for you to buy/sell because they don't know where you are coming from, your risk appetite and where you are headed. I might recommend a stock to you and all i need is for that stock to move 20% so i can make N100M profit, while you will be praying for that same stock to move 100% so you can make N1Million profit.

This is why i am more inclined to discuss companies prospects and performance; rather than buy/sell recommendations.

The stock market, real estate, bonds, T-Bills, SPVs, etc are all investment vehicles..........and the sole job of a vehicle is to get you from point A to B. Now before putting a kobo in any investment vehicle, ask yourself: Where am i now? (Point A) and where am i heading to? (Point B and C). The answer to this question will form the foundation of your investment plan and goal; and will go a long way to determine the type of investment vehicle to take.

Sometimes, it may take boarding and disembarking 2 or 3 investment vehicles to get from point A to C. The timeframe of this journey, the best vehicle to take and the challenges you will face enroute your destination is what nobody can perfectly predict for you.

You will be surprised that you may quit the journey along the way or change your direction as you get older and more experienced. When i was younger and ambitious, my goal was to grow my personal paper portfolio to N1Billion.........As i grew older and experienced, i realised that the only reason i wanted a N1Billion portfolio was just for bragging rights... That excitement is all gone today.

Today, all i want is to keep my money and paper assets moving ahead of inflation.....While making sure that my hard assets are hedged against any political/economic shock; and my children are groomed to carry on the mission once my time on earth is done.

So please, do yourself a favour and start asking the right questions............ Instead of asking for what/when to buy/sell, ask for opinions on company prospects, corporate announcements and company performance based on their Financial statement and future Outlook.

Wanting to make money in the stock market is not enough fire to see you through the perils of the market. You will need a stronger goal and a solid plan to stay and grow in the game.

I get your point chairman. But I'm asking for the long term. I don't want to be a stock trader but more of a buy now and live for a considerable period of time before selling.

One chairman recommended buying stocks in companies that give dividend, but how can newbies like me know companies that give dividend before investing in them?

That's why we're seeking guidance from chairman like you. Some of our questions may sound annoying to some of you gurus in the stock investing business, but make una no vex, we be johnny just come for this stock investing mata.

So if una get some spare chance out of una busy schedules, make una dey give us some small info's so we can grow like you guys one day in this business.

Thanks for the response.

EDUECO:
Zenith Bank
GTBank
Access Bank
UBA
FIdelity Bank

The 5 banks above are very good firms that pay dividends every year and they have never declared a loss in the past 10 years.

Please,my fellow newbie;never you have the intention of buying stocks of company that don't pay yearly dividend.

Abeg chairman no vex, I just want ask you one more question:
How can we know companies that pays yearly dividend? Is there a website where we can check their yearly report before investing in their shares?

Ginalex:
I don't know how trove works so I wouldn't know.

Thanks. I've seen lots of hype of the trove app online that's why I asked, so as to make an informed decision on the best to use.

Thought everyone is using trove to invest in the Nigerian stock exchange the way it's been talked about online. Seems there are much better options.

Thanks madam for ur response.
Na newbie I be for this stock investing thing o, so no vex say I dey ask you plenty questions o. 😁
I hail.

EDUECO:
Zenith Bank
GTBank
Access Bank
UBA
FIdelity Bank

The 5 banks above are very good firms that pay dividends every year and they have never declared a loss in the past 10 years.

Please,my fellow newbie;never you have the intention of buying stocks of company that don't pay yearly dividend.

Thanks very much sir for the response. I greatly appreciate it.

Abeg make una once once dey make these types of recommendations for newbies so we join una chop small money in the future.
I hail chairman!

I'm new to this stock investing, please gurus in the house, can you guys please recommend 5 stocks with good future prospects - say 3 -5yrs?

Ginalex:
CSAlpha. But you'd have to have a trading account with them to be able to use their app

Thanks.
But, Are they better than trove app?

Ginalex:
CardinalStone securities. I use their app for my NGX trades

Thanks. Is the name of their app on playstore cardinalstone security?

Most of you saying binance delisting naira from its platform is a good thing are very daft. Naira will keep plummetting after this because Nigerians will device other ways to convert their cryptos to naira since crypto has come to stay in the world.

In fact, the Tinubu government has taken us very backward with this move. Let me explain.

Before the buhari ban on crypto, naira was pegged on binance against usdt with the CBN rate. Then there was no p2p because you could buy naira on binance directly and transfer to your bank account directly from binance because binance has accounts with Nigerian banks.

Then nobody could fix price randomly because it's tied to the official cbn rate. And then, CBN could easily monitor transactions going and coming from crypto exchanges because the exchanges have accounts with the banks.

Then daft buhari was adviced by his northern brothers dealing on forex that Nigerians being able to buy usdt directly from crypto exchanges and vice versa is affecting their business, and the dunce without thinking placed a ban on the accounts on every exchanges operating in the Nigerian financial system. To cushion the effect of the ban, binance introduce p2p(black market exchange) where sellers determine the price they're going to sell their cryptos for naira, and here we are today.

Funny thing is that the mumu government does not understand that allowing exchanges to own account in the Nigerian financial system is the best way to monitor them, get them to peg the naira to any currency with the CBN rate and also gain taxes from them with every transaction that's made.

Other countries are seeing the opportunities in crypto while Nigeria is shutting their door to it. Very sad.


Make the exchanges have accounts with the bank and let transactions be directly between the exchange and the bank and watch everything stabilize.

Ginalex:
I was able to buy tashere T-Power today at 290. We must make this money this year. Amen fire!!!. Also bought more sugar and salt at bargain today

Hi
Please which app do you use to buy Nigerian stocks?

DrFunmisticGlow:
It's like you being falsely accused of raping a person and being tried at court only to later be found innocent, meanwhile damage has been done and some people still think you are a rapist.

If you don't trust the woman who you disvirgined, then you are the issue.. You might as well have not gotten her pregnant. Why did you ejaculate in an untrustworthy person. Shows that the man is truly disingenuous, irrational and emotional in his thinking.

Madam the rape instance you related the man's request for DNA test with doesn't correlate at all. Many men have trusted their wives blindly and regretted it after discovering that their wives were not who they thought they were.

That woman's husband was just being cautious and I don't see anything wrong with his action. Gaslighting him that he's insecure is a manipulation tactic that no man should fall for in this day and age.

Personally, I think every man in today's day and age need to conduct a DNA for every of their kids irrespective of whether they trust their wives or not. So that woman has no justification for holding such a harmless act against her husband.

The man should let her go and don't stress himself with any attempt of trying to save the marriage that the wife has already destroyed when she told him that she's no longer in love with him

He should let her go and find the perfect man that she desperately wants