₦airaland Forum

Godisfaithful:
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

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

arasayar:
The real question is do you have sufficient forex to sell to all the dealers of the listed categories. Clearly not, currently even before the ban was lifted companies whose imports were approved would apply for say $1m forex and would be given $5-10k, hence they are majorly in the black market. The real issue is $ liquidity and until we increase inflow unbanninng makes no difference to fx issues.

The flipside will be an increase in customs revenue due to more import duties, cheaper commodities at the expense of employment for locals, while killing local production rather than resolving the issues faced by local producers. Yes we may not have competitive advantage in rice but is that same for toothpick, wheelbarrow, headpan and a whole others, we cannot as over 200m people stick to importing everything, this is not sustainable as we will just keep expanding the unemployment bracket and fueling insecurity.

We need to balance things and see the big picture but this cut and paste approach will lead us no where.

Nigeria as a country is not ready to do business, I pray tinubu gets it right......Currently, at #1000 to $1 the country has all the necessary conditions to attract the needed capital...... The united states wants to move the bulk of their businesses away from China, if only Nigeria can just but get 1 or 2 out of this..........
Countries and Companies into international business know the game very well.......
Look at what is happening to French companies like arlit in Niger
No company will like to say invest $50billion in Nigeria and when they repatriate $200trillion after say 5years someone starts crying apartheid and starts implementing capital controls......
International capital has really wise up above that........
Best approach for Nigeria to take is something like the Taiwan style , everybody gets what they bargained for; nobody's crying fowl anywhere

Streetinvestor2:
Rice again.To think alhaji said one shares of his rice company is equivalent to 11
shares of sugar is alhaji magu magu.Funny enough I never see alhaji rice for market before.Pls what is the brand name for alhaji rice or it is for export only

Tomato is the worst, If u decide to be a tomato processor in Nigeria, u will just be a conduit pipe for mosanto and Bayer to make profit.........
Those profits never accrue to d Nigerian investor

The commodities Nigeria has compititive advantage is not attractive to big capitalist as capital is no barrier to entry....

Take cassava for example, u dont need to be a genius to produce it just clear any piece(acre) of land and stick fresh cassava sticks in, do the minimum weeding required and after 1 year, a family of 4 can have garri to eat and drink for another year.......

I once came across a party invite in Ontario organized by Nigerians and the star attraction is garri, peanut and milk to be soaked during the party.....

The average person would think this people are just missing home but imagine the whole of Canada developing a taste for garri maybe as breakfast cereal......D amount of forex dat alone will generate Nigeria will be close to oil revenue

Its not impossible to produce garri in canada but it may not be practical

The above is the story of rice and tomato paste processing nobody tells u about.....

Everyone keeps looking at demand ignoring supply

I believe the president should be snacking on Garri and peanut at UN meetings wearing Nigerian ankara and sipping chilled zobo to push our own commodities to d global stage

essentialone:
In June, 2015, immediately that nonsense Buhari entered office, he banned 40 items from being imported into Nigeria. Tinubu has ordered the immediate cancellation of that Ban. Nigerians are now free to import the following 40 listed products. They are no longer contraband.

I hope the President has surrounded himself with good economic advisers.......
Production will forever be a game of compititive advantage,
Nigeria has no business producing rice, we cant compete with indonesia , japan and india for the rice market, i just pity the rice mills that have just been built they will all fold up quickly
What we have competitive advantage we dont push......what happened to Obasanjos policy of achiving 20% cassava in all flour produced in Nigeria, dat policy alone would have shielded Nigeria from the Russian Ukrainian war effect on the prices of wheat but it was abandoned......
Nigeria is not positioned to be a rice producing nation but It could be a cassava producing nation, a palm producing nation but there is no body pushing this.....
Whats in everybody's head is how to sell a bag of rice that cost #2000 in India #50000 in Nigeria

DeRuggedProf:
https://nairametrics.com/2023/10/05/investments-in-solid-minerals-will-boost-economy-says-firs-boss/

The kind of news that our listed MILOST dey take fly. Soon stories go dey fly of deals and partnerships. May God help us..

Japaul for me is a good investment if it had not undergone technical reconstruction( i dont follow its news) since the introduction of the 20k rule.....

I once was considering gambling #1million on it when it was dancing around 20-22k.......in fact it did so for nearly a year

@ 90k+ today anf baring inflation it has returned more than my dangling wapco in dat same period

Mfunkynation:
You don't need to be physical present to do that.
just contact the registrar of the companies you own their shares, get the form from them , fill and submit.
Some registrars have it online on their website

Pray itz not Gtl registrars u are dealing with
I hope u brought through secondary market cos if u still possesses certificates u r in on a long ride.......
If u bought through sec market, i will advice u get in very close relationship with ur broker as they r thr best in presurizing registrars into action

Bua on price reduction of cement is simply courting Government concessions to attract probably more tax incentives on the industry.... Most factories in Nigeria are runned like sweat shops....

My own analysis is dat the cost of building a cement factory line in Nigeria using the cheapest technology(Chinese) is $600million dollars, this translates to #600billion using($1 to #1000), this factory specification is to produce 6million tonnes of cement per annum, factor in a capacity utilization of 60% and you get a yeild of around 3.5million tonnes per annum.........
Nigeria being the country that it is plus the use of chinese technology, you had better recover your capital in 2 years.....If not you are in for a long thing as factories ARE not charity organizations........ This translates to the sale of cement @ about #4300 a bag, the market price is @ about #5500, this means that cement manufacturers are trying to recoup their cost in the shortest possible time(18 months)

What bua is trying to do is to recoup his cost in a longer time frame, a good move but @ what cost and in which country.......Cement production is capital intensive and should attract a lot of tax incentives which d Nigerian govt is unwilling to grant also bua new plant are scaled at half this factory specification meaning that they are producing at a higher cost compared to Dangotes plant........
Well, we cross our arms to see where this moves lead to

There's a notion we should clear,somebody invested 4m and after 8 months got 30m.....
By financial standards this is an extremely good year, over 1000% profit, stop feeling sad, oando is very liquid if d market collects 10m leaving u with 20m, my dear ur still balling
Start strategizing on th next meat

Mcy56:
@Mashai
You're just mentioning physical appearance in the broker's office. What of people that live very far away from the broker?

There are quite some brokers that you don't have to visit their office before you get everything done......via email and phone calls.

This is another area I give kudos to Morgan, I've never stepped their office for once before, and I don't have any issue transacting with them till date.

Personally for any new person coming into stocks on the nse, i still recommend visiting the brokers office @ the beginning that way many of our unanswered questions will be answered

Secondly, many view automation as a good thing but when ur transaction volume starts getting large, u personally will fall in love with the bureaucracy attached to financial transaction because of the fraudulent nature of our clime, I for one will never never use a broker where i open an account on sunday fund the account with #50million on monday, trade with it till wednesday and say make a profit of #10million on thursday , friday I withdraw the money and it enters seamlessly into my acct on friday without any checks and balances.....

The fraud in the Nigerian system is much and one good old way to mitigate it is this bureaucracies involved in carrying out the daily operations........

I understand his pain in not having a seemless way through to trading but its best to let him understand the mechanics of what is going on and why things are the way they are, and there's no better way of getting this information than u being physically present in ur brokers office

newreality:
Please I already have a CHN & CSCS Account, how do I go about opening a CSCS online account??

Go to cscs online portal and open an acct.....it might take a week to processs as u might mail d admin of ur payment

But once ur acct is opened.....print out d details of your holdings and march straight to ur broker's office if your holdings has not matched your buy mandate

They have some explaining to do on why it has not been filled.

As for me o.....I dont believe that much in phone calls, who knows if dey just get a sweet sounding nysc corper to be answering you...

Understand d mechanics of what is happening and demand an explanation on what is happening.......

Dollar is currently at 950, but i still get this creeps that there will be a crash in the price to about 600.......

How it would be done i don't know but i dont trust Nigerian regulators. They know how to attract prey and slaughter them like pigs

Any way i can only watch from side lines

crownprince2017:
Is like some people just don't understand simple arithmetics, I registered on Sunday paid on Monday and today is Wednesday, how many days is that, u said they have office that worth billions of naira, what is my concern with that? Pls stop being emotional over a clear injustice, other people are complaining of similar issue and you are here saying something else. anyways i am escalating the matter already until I get my money.
If they have billions why are they holding on to my 100k change since I told them that I am not interested in their services again, na by force?
They told me the account will be working within 24-48hrs and the couldn't meet up, is that not a breach of contract. If that money is with me do you know how much I would have used it to earn?

U will suffer a lot if u carry on with this attitude and u will miss a lot of opportunities....... u are just opening an account and u already developed attitude
When u start facing demonic registrars what will u do

People have told u to calm down or better still go to their office for clarification

This is Nigeria, too many factors beyond operator controls causes glitches in the system, many are underestimating the essence of physical presence, my dear it goes a very long way in avoiding stories that touches the heart......and u will get better educated on whats actually going on in d system

SmartMoneyGuy:
Currently I also have my money trapped in Meristem since July. I actually follow the recommendation or Emmasoft here to open account with them until now I am not able to trade on their system. I am just lucky it was my third broker as I have account with Morgan. So far my experience is far better in Morgan than UCAP and Meristem. I was actually opening Meristem to replace UCAP but again Meristem has shown to be the worst. For now I stay with Morgan and UCAP. I will continue to call and send mail until I get my money from them. May be they value small investor because I have also seen oga Emma talk so highly of them.

What u are actually doing is called character assasination, trying to pin ur trapped funds on Emmasifts head......
Please lets not all forget the basics..... it would do u good to visit their office and sort out any form of trapped funds issue
My dear even if its #1, u can bring a finance house down

Please visit them and sort out the issue

I still repeat that as far as this country Nigeria is concerned no matter where u live b4 u commit ur funds for financial markets houses for the first time

Please visit their offices, even if its 10,000 only that u want to use to start and u live in maiduguri, please visit their office in person and proceeds

It saves a lot of "had i known"

Dats my 2 cents

crownprince2017:
Guys meritrade are trying to scam me, I opened an account with them on Sunday then on monday I wanted to trade but I couldn't fund the account via my account through my dashboard, so I chatted them up and the agent sent me their company accounts to send money, after that she told me that I will see the money soon, after few hours I didn't see the money, I chatted them up again and the other agent said the money I paid is part of the requirements to get my account running then I asked again what is the time frame to get my account running she said 24 to 48hrs the time frame has elapsed no account. so I told them to refund my money to my which I Mailed them regarding that uptil now nothing. I chatted them not quite long the lady first deny the date I sent the money but I forwarded the receipt she now said she wanted to do follow up on my email regarding a refund, after wasting alot of time she said thanks for holding and nothing, after a while she said they are close for the day that till tomorrow again. My 100k is with them, they are not willing to refund the money, I already told them that am not more interested in their services again. Pls advice me.

Guy calm down, why don't u wait for ur acct to go through d approval process b4 making conclusions.

Mind u, u opened ur acct on sunday, a non_working day......

There is no rush in finance, ur acct will be approved, give it time

Use this as a lesson on the type of environment u operate in....

As for me o...... I still rate meritrade high as u still see a customer rep to talk with while ur bp was high

crownprince2017:
You will regret opening an account with them my 100k is still trapped with them since Monda, they keep giving me different excuses.

Use yocha and thanks me later.

Im not holding sway for any brokerage house, but i use God to beg anybody opening a new account with any brokerage house for the first time to please visit that housr in person and open ur account.
True dat the online platform was meant to make things seamless but the evil of fraud has made many houses put brakes on a lot of online activities.........
I will never condemn any brokerage house online cos i am not on ground physically and dont fully know d regulations they are facing....

On a final note, u have to understand that the onus is always on u the individual to dot ur i's and cross ur ts

There's a rumour that when d afrexim loan secured by the federal govt sails through dat the price of dollars would crash, someone even told me it would get back to 700 region before starting to pick up again...............

Before anyone crucifies me for rumour mongering, this sentiment was reiterated again by a colleague of mine dat has been buying dollar since d days of #300 to a dollar..........

He was echoing his thoughts to me dis morning about selling half his dollar holding and converting to naira pending when d loan scales through,
Nigeria being d Nigeria we all know, it might take forever for the loan to scale through or d federal govt can change mind forget d loan

I now ask lets imagine dis loan scales through how will it affect d stock market

If u have bagged ur loot from Dang Sugar, u better go and enjoy ur loot, Oando remains NSE MMM in my own opinion..........Trend Oando with caution

Wale no be Alhaji mate for business


Go open ur history books

https://www.nairaland.com/7827222/rivers-govt-begins-demolition-ait

This is an example of the type of chancing i am talking about in real estate investment, it like there is this virtual ceiling on the profit an outsider can make from property valuations

At every valuation junction there is an agbero waiting patiently to skim his cut, even down to banana island and maitama in abuja

It's like the ownership model is dictated by this guys(family),and d model changes based on the pace of development of the area, No paperwork can escape their tactics

My bane in emphasising this is that most times as a property owner, u dont have the financial muscle to ward them off

If anybody has strategies to overcome this please discuss

jedisco:
With investing, my rule of thumb is to at least beat inflation.

For rentals, you need to do the maths on rental yield which would depend on your location.
You have the sunk in cost of land + building the property (factor in inflation as prices are rising by the day). Then rental yield. You then factor expenses such as estate agent fees + repairs and lost income such as rent lost between tenants/defaulters/court cases.
If you're able to eck out a 5 - 10% rental yield, then its fair for most as the increase in the value of the property would make up for the rest and should bring you above inflation. It goes without saying that commercial/bespoke properties generally have higher rental yield and less hassle but the capital cost is more.

Regarding mmf/bonds, its less hassle and safer generally. You can easily calculate your income and the market is liquid. Should you need to recover capital its much easier than selling a high price property in Nigeria. Issue is that the base rates on these hardly beat inflation i.e you loose buying power. Compounding can help offset some.

Personally, on the medium term, I've made most profit with lands. Aside certain commercial builds, it's the most liquid part of the property market. Contrary to what is said, without a robust mortgage industry not many Nigerians have 100m lying about. A good, secured plot of land is more desirable to many and the roi could baloon quickly. The catch here is knowing where and when to buy and sell and the fact that there'd be no yield while the land is held.

Sir, I wish to ask, for practical advice on how to protect your real estate investment from what i term hawks.....

They usually appear when a property has appreciated substantially, say u bought a land 15years ago, built on it at lets say a cost of #100,000...... fast forward to today and same property is worth #50 million and the property is hotly being contested with u.............

I need practical experiences on how to mitigate this types of scenarios as I have found out dat at every point a property increases substantially in value, a new hawk comes out contesting the land

It’s always like, “no be only u go chop the benefits that comes from the property appreciation”..............

odimbannamdi:
I agree...but we were once novices to the things we are now experts in... ...besides, with you dropping recommendations, it will help us earn while we learn.

I can bet u dat when d time comes to move into stocks, u will be very half hearted, reason being that the whole atmosphere will be riddled with bad news but those are d only times where u can invest and expect 1000% profit excluding dividends

VeeVeeMyLuv:
Sorry about that,

It is a long term stuff. The rule is investing in a place that's coming up. Imagine for a second that the whole of Abuja was once a thick forest.

Infact Investing a bush where nothing is. What pharmacists call blind therapy.


Yeah I agree with you it is easier said than done. It is better to invest in what one have knowledge on.

One thing I advise people now is as much as possible desist from investing in properties that are farther than one hour driving distance from your abode.........

Real estate investment in Africa is an extremely emotional issue, the fundamentals of ownership is not fully established

That said there are strategies to mitigate the so many unforeseen circumstances in real estate investment.........

I at times wish a thread like this one could cone out, where people can share their real life experiences

Real estate is very lucrative but the wahala is drawing out ur money put with peace of mind

Oyindamolah:
I’ll try to answer the question from my personal experiences and observations. Here are the personal and educational background of Indian CEOs that work in their favor:

1. They are all from middle-class families so they don’t have a luxury of opportunities to choose from and they make the best of whatever opportunities they had. This also helps them to be focused on their goal and not be distracted.

2. A lot of them are from the Southern states of India, where there is a culture of attaining knowledge and being humble.

3. They all come from a technical background in engineering, cracking one of the hardest exams (JEE) in the world on the way and learning to deal with extreme amount of pressure from an early age of 18. This pressure taking ability helps them to face any future challenge in the corporate world.

4. They all do a masters degree from a IVY League that helps them get into a good firm like McKinsey, Google etc. with a good starting opportunity.

5. They all end up being on H1B sponsorship, so they end up working for a firm for a long time, unlike their American counterparts who have the luxury of switching companies or quitting jobs.

Now imagine, you are the board member of a fortune company, wouldn’t you want to have an extremely smart, humble and loyal employee to be the CEO of the company over any other candidate?
Most Nigerians industrialist employe Indians

From my own perspective, I believe its a cultural and systemic thing, U can expect an asian to be a better fiduciary compared to Africans, If u have ever ran a business, you will quickly find out that, u need people and that these people will need to be Good at what they do to believe their words else you would work with wrong data and input......
The biggest advice from many business people is that you need to always be there to monitor the business,If you must monitor the operations of your business by being there always turns your business to a job task and places a hugh limit on the growth of ur business...,..,

This is the reason why many Africans hardly own chains of stores or businesses, those successful at it have found ways especially through culture and religion to organize people

I really think one should buy into companies that falters and u see frantic efforts being made by the majority owners and management to save the companies cos if these companies finally stabilizes u reap the benefit as a retail investor

I have also burnt my hands in the process as I have warehouse a substantial amount of oando but i wont offload it, I will rather watch it go down d drain as a constant reminder to always consider the intentions and prerogative of the keymen and management

They must be ready to fight to death to save or salvage something from their sinking companies

yMcy56:
This transaction happened on Thursday.....and took the share price to 19 (from 17.10 or so).
I just said make e no come be say na only me dey see or report these things here everytime........and Otedola never settle me for this. lol

110M additional stake was added.....
* More likely to follow in the coming Rights Issue...

https://guardian.ng/news/otedola-makes-fresh-move-raises-stake-in-fbnh-with-0-3-worth-n2b/#:~:text=Yesterday%2C%20strong%20indications%20emerged%20that,of%20FBNH%20today%20(yesterday).

Otedola news never favors retail investors, its a game of try ur luck and insider bickering as compared with his counterpart Dangote....... from Dangote flour to tiger foods back to dangote flour to being sold to crown flour mills, retail investors that keyed in made fantastic profits

Otedola is a portfolio investor like me, i can bet he cant run a bank, he has probably seen a quick way to double his money

I have fbnh in my portfolio bought about 3 years ago @ circa #6.5.....

But and i say but........

There was a period about 4 years ago or so that fbnh dalleyed around #2.5, when dat fat dude “i’ve forGotten his name “ was ousted as ceo after gross mismanagement


That would have been the best time to buy as a retail investor then sell to people like Otedola now dats making the news.....


If u are not in the boat already, dont bother jumping in , u might be burnt badly

ucheson2:
Just send mail to your stockbroker to send your cscs statement to your email.

Do you have links to d original ucheson that nearly acquired oando

Popson92:
Thanks.
Could you recommend a learning resources please

D internet is ur friend, and the algorithms on it are configured to enforce what u search out for the most,

Use this to ur advantage

With d release of that film Oppenheimer, I suspect western powers are gradually being opened to the idea of using the modern NUkE...,..

What better grounds to test it dan some places in Africa......,


Abeg If anybody has access to Tinubu, Abeg beg him to focus on Nigerias problem, he can leave Niger alone for their people

https://www.nairaland.com/7790809/tinubu-writes-senate-seeks-military


My dear retail investors, please tread softly, this proxy war that is brewing will rip this market apart........GSK one of the few expatriate proxy companies has closed shop........ France wont just fold its arms and watch its years of investment drain to d Russians....,,


I stand at the sidelines watching the news with my popcorn

ebuka1997:
Nine ex governors as Ministers, I thought it was renewed hope for the market/economy. Na to wait for generational lows now.

That might be the only way to quench the fire of world Geo-politics sweeping through Africa from affecting Nigeria adversely.....

By actively giving them portfolios to be bust with they are off the list of groups like wagner who might use them for other purposes