₦airaland Forum

Hajicairo:
Thank you ma'am. I have never used Direct Cash Settlement. bosedes@morgancapitalgroup.com, info@morgancapitalgroup.com are aware.
olakunleo@morgancapitalgroup.com is really helping to sort this issue out. He always forward my email to those in trading department and cc: me. He's my direct contact at customer service.
He promised to get back to me as soon as there's update.

orriyomi33:
Good evening to the investors and traders in the house.

I have been on the lookout for when I would be credited my CHAMS RI that I applied for sometime in September but I hadn't gotten a clear response.

Something unusual occurred this morning, I received some cash on my bank account today with narration "NFT CHAMS RIGHTS 2025 RE/RETURN MONEY"

What could be the reason for this?
And when would my RI be credited my stock account?
Thanks as I anticipate your expert responses.
awesomej
Mankind2024
Emmanuelelewunmi
Nosa2
Unite4real and other great investors on the platform

mikeapollo:
I don't think it would be less than 1usd (equivalent or N1500) per share

jonnysessy:
The owner of the Presco had answered. You can at least check the post before mine. The man said he missed the opportunity of increasing his holding to 120,000 units. That was as a result of fallout of the selling of the 16,000 units. I don't know why this is so difficult to understand. I rest my case.

jonnysessy:
I beg to disagree. Once you sold any stock, it is gone. If you are entering again it is different. Either you enter at a lower price or higher price. Meanwhile, the 16k earlier sold reduce his RI. His right ought to have been more were it not sold.

emmanuelewumi:
Did you buy Ellah Lakes public offer or do you have plans to buyer it before it closes next week.

I regret sell 16,000 units of my Presco share about 5 months ago to invest in FGN bond.

But I made sure I bought the last right valued at almost N23million, because I have confidence in the company.

awesomeJ:
In those early days didn't the president form an economic committee?? With Jim, Tony, Dangote, Rabiu??

This was like within the first year??

But rumors can be crazy, crazy even in the face of glaring facts atimes 😁

Joyful365:
So because 0.85% will gulp that amount, the entire 70 million workforce should accept 10k or poor salary? This is a very negative mindset of if I cannot enjoy it then nobody should enjoy it.

If the government sets a benchmark of 150k that is reflective of the cost of living then the private sector will take a cue which would help redistribute wealth and drive aggregate demand which is good for business and the economy.

Are you happy seeing people hungry and unable to meet up with monthly expenses despite working 6 days a week, 26 days a month?

Do you know what is responsible for the low per capita income of the country? Poor wages of majority of the people.

A security guard in UK Canada and USA can earn minimum wage, work 8 hours a day for 30 days and be able to earn enough to pay all his bills, save and invest.

A security guard in Nigeria will 12 hours every day for 30 days and his salary can only cover food and transportation. He will owe landlord rent and borrow from friends to transport to work. Zero savings. Zero investment. Zero future. All from a bad government policy. Why do you think those kind of people will not be motivated to go into kidnapping and armed robbery?

Change your mindset. Give what belongs to Caesar to Ceaser.

If 0.85% of the population needs to earn well for 70% of the country's population to earn well then it's better cos in the end, they can invest their savings into NGX and make everyone more wealthy.

Joyful365:
There's no uniform and centrally accessible, publicly available data on number of people in federal government payroll but it could be anywhere from 1.6 million people to 1.8 million people or more.

Let's guess it's average of 1.7 million people.

If you divide 6.5 trillion equally between 1.7 million you'll get 3.8 million annually or 318k monthly. Remove tax of 17% and you get 264k monthly on average which is a reasonable wage bill to run a truly efficient and quality service oriented bureaucracy in Nigeria of 2025 where inflation is over 30% but NBS keeps lying that inflation is 22%.

Joyful365:
Minimum wage bill of 2023 for fg was around 4 trillion while subsidy payment (fuel and electricity) was around 7.26 trillion.

A serious government that wants to implement austerity measures without wiping out the middle class would have implemented a better version of Oronsaye report (trim and merge MDAs) which could have saved at least 500 billion annually.

As he gleefully shouted subsidy is gone, he would have also proclaimed 50% reduction in salaries and allowances of all elected and politically appointed federal government officials which would have saved another 300 billion.

After all this, minimum wage can then be increased to 150k for only grade level 1-6 and 30% increase for grade level 7-10. Every other grade stays the same cos they're already earning well and less impacted by the subsidy removal. These would have raised the wage bill to around 6.5 trillion.

Total savings from subsidy removal and austerity reforms = 7.26 trillion + 500 billion + 300 billion = 8.06 trillion

New wage bill = 6.5 trillion.

8.06 trillion - 6.5 trillion = 1.56 trillion net savings savings from year 2 of government after fully implementing subsidy removal and trimming down bloated government.

With these measures, you'll have less complain in the society cos there's been a form of wealth redistribution while government hands of paying fuel subsidy to corrupt racketeers.

At the same time, every revenue and expenditure must now be accounted for and there's full transparency and zero tolerance for corruption (executive, legislative and judiciary), while citizens are fully empowered by the law to scrutinize what every government official is doing without victimisation subject to you providing evidence and proving your claims. No more using courts and corrupt judges to stifle Investigations. Set measurable targets and measure performance regularly.

Put me there as president and you'll see real change in 2 years, not this balablu bulaba whatever that some people are celebrating here as if governance is rocket science.

If you have worked or ran a serious business where you set targets, track progress, measure performance and evaluate everything every week and every month, you'll know that Nigeria government is a joke and all they are doing is zero - just flexing power and stealing public funds to show off and oppress citizens

hallysonia:
If you want to post 2022 outdated news about Ellah Lake. At least, you should let people know whether the news is up-to-date or not.


Anyway, the latest EGM meeting is here, and it may be a good one. What do I know? I'm just a newbie, who does want to be drived by noise.

https://ellahlakes.com/wp-content/uploads/2025/07/20250728_Ellah-Lakes-Plc_-EGM-Press-Release.pdf

megawealth01:
You sure you won't sell IF it crosses unbelievable price

Disclaimer

I no longer talk about ELLAH since it crossed 3 naira

Na only cruise I dey do as I don't check my ELLAH holdings

Princkez:
my brother this has happened to a very close friend of mine...he has a revelation to buy Transcorp then @#1,but he was like thinking Transcorp?? This isn't a good revelation. After two weeks Femi started buying Transcorp,the rest nah history...

SohSoh:
If you watched this live video..... of The Recent Ellah Lakes EGM exactly on Minute 29 to Minute 30..
The video which claimed to be a live video from the EGM meeting... showed someone that looks like Chuka Mordi lying down on the bed....

When I saw it... I stopped posting About Ellah Lake here for sometime.. before person hire men to come n shoot me for trying to expose their fraud hustle

Na there my mind 1st go...
Link Attached :: Minute 29 to Minute 30

https://www.youtube.com/live/W6S1JEJfdCc?si=-A6XeVH_dTs7Ndy3

megawealth01:
Money market investment drives growth as mutual funds attract N1.99 trillion in H1 2025 

https://nairametrics.com/2025/07/19/money-market-investment-drives-growth-as-mutual-funds-attract-n1-99-trillion-in-h1-2025/

yMcy56:
...but why not respect other people's choice nah?
If you want pictures, go there yourself and stop disturbing us here with Ellahlakes..
It's not the only stock on NGX!

That was how you won't allow us hear words on Oando that time, just to eventually see you benefitting from the company you said "e don cast" ...... yet prevented many from taking part in the rally!

Ellah is a company some people are toiling day and night to turn to a success.....and here you are behind your keyboard, spoiling and bashing it....
The next thing you'll call yourself a patriotic citizen?
Can you pls leave ELLAH for those who believed in it while you face your own fundamental stocks!
All these your rantings is becoming monotonous, time consuming and boring abeg!
Someone will come here and meet lots of pages with meaningless posts upandan .... abeg nah!

Umehj88:
I'm not joking oga if you have anyone in benin tell the person to go to MM way in benin and ask for ellah lakes office they would send you this exact picture. I was in benin over the weekend

SonofElElyonRet:
Don't know how Ellah managed to get him but they should consider themselves extremely lucky

ojeysky:
9.05 it seem after 700m value. Ultimately it won't be a straight line 10by10

Streetinvestor2:
It is different from doing follow follow on stock or begging for stock recommendations...thank u

Streetinvestor2:
Na newbies way think the stock market na get rich quick I dey pity.
I go openly laugh anyone way begin cry here when e happen.
The ogas don dey escape smal small using
different strategy. To pump penny stock is easy but not easy to keep it up when the free float is high
Then you equally need good numbers to keep it up after pumping or it comes crashing.
It will only take time unless your money long like alhaji own to sustain it.
On another note many of them don collect thr 100%.Not bad business..lol

yMcy56:
Dangsugar about to sell market finish.....
@53 now......

Ellahlakes @7.88 full bid...
Neimeth full bid @5.40....

emmanuelewumi:
Similar factor dragged Afroil from less than N1 to about N100 because other stocks in the petroleum marketing products sold for N100 and above.

Unfortunately Afroil is dead, speculators got trapped and yet to recover their funds 17 years after

emmanuelewumi:
It will see N1800 to N2000 oooo

megawealth01:
That's not the price na... That's the amount gain joor while the other is the percentage gain shu... Seems you are new to this things?

megawealth01:
As I topped up my FIRSTBANK today, my percentage increase reduced... Nawaoh for this calculation from MERISTEM

Wetin dey happen na... Could it because of the volume I bought as topup?

Ades1:
Abeg bros, I have a question and I want you to answer based on your experience.

How much would I need to invest in NGX to have a ₦1,000,000,000 portfolio in 11 years abeg? Lets assume I was able to beat the market by 20% annually.

Just rough estimates is fine. I want to check something

Streetinvestor2:
They are not serious if your allegation is true.Is it thr money you are using. How is it thr business the number of units you want to buy.I have never heard of such rubbish before in this business .What do they stand to gain from such decision

PETERiCHY:
ACCESS BANK is trading @t almost half the price of UBA.

BARGAIN HUNTERS WATCH THAT SPACE 🚀

Omooloriredade:
Post is not to convince anyone to invest. Just my opinion.

I strive to understand the business or operations of a company before I buy their stock.

> Complete CPO mill (criticial milestone)
> Negotiate and secure supply of FFBs from local farmers (Competitive but crucial to success and can be done before previous step).
> No need to sell your own FFBs either. They can now maximise value from processing them.
> Process FFBs into Palm oil
> Commence sales of Palm oil
> Sell off Palm Kernel fruits
> Acquire Palm kernel mill and start palm kernel oil production and cake etc
> Commence sales of Palm kernel oil etc
> Crops mature and produce feedstock for the mill leading to increased margins.
> Expand milling capacity and acquire more acreage for long term growth.

Why is there sudden increased trading activity? My theory is that the market is positioning to see if Management's target will be achieved. Forecast was for CPO mill commissioning by Jan - Feb 2025, then production commences immediately after.

Hey! Please note that I am not an Agric expert neither am I an investment advisor.

megawealth01:
DS and NS eh