₦airaland Forum

ojesymsym:
China would wish they have this our kind of exchange rate.

They ve got a production mentality, Africans generally have a rentage mentality

jedisco:
Talking about the enaira....

Its interesting that one year after CBN sponsored a campaign to brand crypt0 users fraudulent, they seem to be in a hurry to issue one...

Their enaira would be equivalent to the naira hence hold same value as it and be a legal tender...

Now why I can't criticize the idea and would rather watch and see how it progresses

Even as a crypt0 enthusiast, my concern is how quickly it was put together... It's obvious CBN wasn't thinking of this a year ago and seemed to get there in desperation...

First it seems the company in charge is actually a foreign one.... whoever handling this is same as handing over our mint to them. Such programs especially when government backed should have proper security in place... One of those is by ensuring they're home based if possible... That way, the nation has some regulatory control over them. A foreign company is subject to the laws of their home nation.

Also, unlike with paper fiat where printing paper money is expensive and takes time, with crypt0, a trillion naira can be issued in a day. Can the CBN handle this adequately and not go on a printing spree....

Lots of countries such as China have been trialling out crypt0 based currencies for years and are yet to issue one publicly...but it looks like CBN came to their decision overnight... Hope they really looked into it and x-rayed all implications.. security, sustainability, impact e.t.c.... That said, though I still remain skeptical, it'd be good to see how the program goes- hopefully its a success...

That aside, who would have thought that a year after branding crypt0 users criminals, we are now the ones calling on CBN to apply caution with their hurried foray into the sector.... Goes to butress one fact I believe in- that just like the internet did with communication, crypt0 will change the finance and value transactions in ways we have not yet imagined

I believe the whole move towards e-Naira comes as an after-mat of the END-SARS protest, I believe that after security Agencies Identified those spear-heading the movement, they used all their tactics in the book including cutting their funding source to Nigerian Accounts but hey many were now receiving big funding through Crypto, Go fund me, and co...........

This funds were not going through the traditional means that the CBN has controll over, It was just too anonymous hence the CBN and the Government were powerless during the saga......

They have learnt their lesson and are trying to control all Digital currency operations in the country.....The e-naira will just end up being an exchange to standard digital currency like bitcoin ........................

CAVEAT: these are my Opinions

jedisco:
I agree that the FG (incl the CBN) needs to do more in providing an enabling environment... Part of that could be to arm twist multinationals into backwards integration like it's done in every country... Western nations are still fighting to get jobs their multinationals had moved to China back..

That Fulanis benefit from Wamco inititiative is equally as good as anyother group benefitting.. Fact is that it doesn't stop there.... Forex (no matter how little) will not be wasted on importing that milk, those herders will not roam their cows far hence reducing clashes....e.t.c The whole nation benefits...

Nigeria has a lot of challenges, but there's always a way to start making progress... If the only viable means by which Nestlé can operate in Nigeria is by importing milk (which is what any trader can do) then their continued stay is detrimental to the nation and the government should ease them out and not give them cheap forex. I wouldn't mind Dangote and a few indigenous coys taking over that sector... At least, he'd search out a way to ensure good degree of local production

The more I read about agriculture on Naira-land, the more I laugh at Nigerians, We reek too much with this entitlement mentality........ When you enjoy a tin of peak milk, Never fail to see the labor involved especially the skilled labor involved,It will take African countries about 50 years to catch up with their European counterparts, Do you know the quality of research going on in the netherlands in Agriculture, How many farmers or even extension Agents in Nigeria read peer reviewed Journals not to talk of the application of knowledge discovered.........

Coys like Dangote that have tried Backward integration in Sugar, I beg to ask The skills this move has created in Nigeria other than bringing in quack indians to man over Nigerians that operate machines ................

If a fulani cow can only produce 100liters of milk while a fresian cow from Netherland can produce 2000liters from the same feed, My dear its not the Cows fault but the People surrounding the cows

https://www.nairaland.com/6746495/eatrich-investment-fails-pay-billions

I keep telling people, When you understand the nature of agriculture you will never fall for this......,,

To newbies who have never travelled and enjoyed some stay in the village know this, a good tecno touch light phone cost #12000, that is the cost of a bag of corn at owode market in Ogun state, A typical Nigerian farmer on the average makes this on one plot of land after 3 months of hard work..........

When we see okada riders, house boys and girls, smugglers, cleaners littered all over Lagos Abuja and other major cities, This jobs are still way way easier than Agriculture..........

If it were this easy most cities would be depopulated in a years time

https://nairametrics.com/2021/09/01/total-nigeria-plc-appoints-dr-seye-as-new-managing-director/

seems the era of great profit in total is over as they have finally appointed a Nigerian ..................... Lets see if He can escape the stereotype already in the industry

Humans are the only animals that think God made a mistake in his creations, I put it out to you that The narrative of The Alpha Beta is now being over cast with a new Archetype "The Sigma Male".............................probably when this is done we get "The Delta Male"

Born2conquer:
Getting into the US stock market is easier compared to getting into the nigeria stock market.

This is my 2nd year on this thread and i still can’t figure how to start, where to buy, how to monitor, how dividends are paid.

Nigeria stock market seems strange to me

Yes o my brother

BUT

The devil is in the details........::

If u really care to understand why and how those symbols we all click to trade get to us, then
I don't believe getting into the US stock market is easier than the Nigerian market.....

I'm personally giving all those trove and Chaka apps 10 years to prove themselves before I delve in fully.... Then they might have sort out all their teething problems in the business.........


In finance, a big red flag is always raised when big ticket transactions are opened up to all manner of people to join in.......

I still encourage those apps as they might revolutionize the whole trading thing in nigeria

waiting patiently for UBA......... any disappointment from them and i will pitch all my tent with zenith

A close friend of mine is currently bleeding, he emptied his retirement war chest of about #200 million in a hotel at port harcourt about 4 years ago....

The hotel generates a paltry #4million naira monthly of which expenses gulp 96% of revenue....

The hotel has been a source of employment for his son that recently came back from Europe for his masters and also his close kinsmen......

My friend frowns at the idea of running the hotel " Ndokwa" style as he is a devout Christian.... The hotel is out of bounds to his daughters and all female family folks to avoid corruption in his own words.....

My friend also believes in never selling property, he has lands he bought for 400k back then In Lagos that now goes for #30million a plot......

My friend complains bitterly that if this investment had been the source of his daily bread he is finished as the hotel can't even generate enough to rebuild itself in 100 years......

What business model can be used to run this hotel to generate at least #10 million naira monthly as that represents the break even point for me


CAVEAT: I know this is the wrong thread , pls pardon my indulgence

What's going on is the battle for rare earth minerals, which Afghanistan is rich in............

China for so long has adopted a stoop to conquer strategy in its foreign exploration of resources bypassing international conventions.....

For so long the US turned a blind eye to Chinese expansion as China maintained an air of US superiority in its affairs...... Now China has eaten enough and wants to challenge the status of the US as world power.......

I believe

The US has accessed the whole situation and have made the decision not to fight an all out war but deal with China in their own coin.........

First they have taken steps to protect all their intellectual properties especially on technology.....,....

Secondly, The US is gradually withdrawing their influence in countries and institutions where China has questioned their superiority, to see the direction China would give

This is where the Afganistan issue comes in........... Like many countries blessed with minerals, the US entered into Afghanistan to explore minerals like lithium used for ev batteries, US in its police of the world attitude tries its best to follow international conventions while China is known for operating Illegal mines, the two countries could live together with their business models in fact they have done so before in the past peacefuly but with China challenging the supremacy of the US, I feel the US wants to tactically pass the responsibilities of world leader to China


With the US out of Afganistan, the new government would have to sign new agreement with companies operating in its territory.....,,,,

An existential question is now thrown out to the new Afghan government "would you still condone illegal mines or sign legal and binding agreement with the new mines operator......

For u to understand the gravity of what is happening, take a look at west Africa, the Congo and all places where Chinese foreign policy influence is rampant, u see that many are on the brink of instability over run by bandits and gangs as the US is tactically withdrawing its influence

The US is just trying to show China who is big boss...... They really want China to assume the duties of world number 2 before dreaming of being world power

ositadima1:
I have data (Closing, Opening, High, Low, Volume etc)going back 10 years for most stocks. I never noticed any chart scattering event. Can you mention a point in time when it happened and for which ticker?

Lol

Don't be defensive and keep up d good work for this our platform

I'm still looking for a simple way to key into ur strategy

Problem now is dat I'm looking into acquiring real assets for now instead of securities

Bbbwings:
Jos uni students were murdered recently.
None made the news

That made the news

emmanuelewumi:
We now have the opportunity to japa out of this place

If PMB and APC get mind, "Let them remove fuel subsidy or whatever they call it", All hell will be let loose and Afganistan will come to learn work from Nigeria...............

There have been pockets of violence all across Nigeria that the mainstream media have just been toning down, all occadioned by the increase in all forms of taxes collected by government officials to compensate this inflation that is biting hard on every body.......,

Afghanistan will be child's play the day fuel subsidy is removed for real

Nigerialabalaba:
Oga no be so. I no say you no sabi the whole thing. Wetin you think say happen when suddenly dollars crash in less than 24 hours after CBN moved against them? So ordinary people wey dey say money no dey still dey offload over N522 to one USD and you believe am? Oga, February 20, 2022 na 6 months time, you go still see more wonder. All una eyes go clear las las.

Na CBN eyes clear last last .............. Favouritism will never be a good economic policy, all this bruhaha coming to lime light because of dwindling FX receipt else it would be swept under the carpet,after all said and done we would still return to status quo.......

I would have loved to know the personalities that are being targeted in all this

Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.

Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.

We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .

I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.

These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.

Fear Uncertainty and Doubt(FUD)..............

The chief instigator of FUD still remains the CBN and the Government, Aside Dangote and few Government cronies who else has been a beneficiary of these Government intervention funds....... Only a select few are given an opportunity to cash out on the country while the masses wallow in tears

only way the CBN can absolve themselves is to make sure that retail investors on these platforms are protected as they hit on those sabotaging the system.........

PresidentBuhari:
Thé power of the dollar to Naira
It is incredible how Naira has lost value, I just checked the USD I bought at N370/$ has gained over 41% against the Naira since March 2020 till date.

Meanwhile Sukuk bought at 11.2% interest hasn't even done 3% and it matures 2027.

what you describe is a function of all fiat currency in use in the world, even the dollar is not immune to devaluation against real assets ...............

Money generally is a tool of control of the masses

BabsO2:
That's all Nigerian Tier 1 Banks and Top Tier 2 banks are exposed since 2013. It will help their forex (and translated Naira) balance sheets if all goes well. And could be a negative exposure if the project ends up a total failure. Now the project has suffered major delays and some are speculating it will take a couple more years to go live. Without the NNPC bail out by equity participation, it would have created major stresses.

The federal government under Buhari should take the biggest blame if Dangote refinery fails.........Many cushions put in by previous government to make this project reality was canceled by Buhari, I remember when dollar moved from #199 to #250,The government still sold dollar to Dangote @ #199 sparking uproar in the manufacturing sector......but the current government canceled all the incentives put in by the previous government

Teeonly:
https://doclib.ngxgroup.com/Financial_NewsDocs/33771_CUSTODIAN_INVESTMENT_PLC%20CUSTODIAN_INVESTMENT_PLC___CO.pdf
(10k Interim dividend.)

https://doclib.ngxgroup.com/Financial_NewsDocs/33774_NESTLE_NIGERIA_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/33775_FLOUR_MILLS_OF_NIGERIA_PLC%20_QUARTER_1_%20_FINANCIAL_STAT.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/33776_UAC__OF_NIGERIA_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_.pdf

please house, which other insurance company will replicate Custodians performance let me key in early....................................... This UACN guys are bastards, all their top line is swallowed by admin expenses................ Nothing for shell-holders in this company

Emotions are flying high..........
Anyway oando is a game I will like to play......
Yesterday I just kept seeing one guy with 4 million bids and price keeps moving up
Let that man continue.......I'm ready to gamble this one

I will sit paitiently for at least 200% profit

Caveat: got small holdings here

If U bought oando below #4, I suggest u sit tight, the ride just began, their pump and dump mechanism was halted by sec................. Its not a fundamentally sound company but If u got some afolabi units of it, just sit tight and enjoy the ride..................................... Oando will definitely do 100% in a bull run


CAVEAT: I entered at #4 and Im willing to loose all my investment in OAndo

Any company that does not increase div payout this year should be severely purnished, they all marked up their product prices, staff salaries so therefore investor payment must be increased

seyisanya:
With their recent result, anyone waiting for UCAP at N3 will have to wait for the general elections bonanza. Even at that, N3 will be a tough one.

To think some bought @ .81k junction........................ it is well o ??

emmanuelewumi:
They can work something out for you

As in ........... Ever since buhari and emerge lè joined hands and chased retail investors to savings bond...... Things don't add up again


With a pocket size of 3 million tell me how to get it done with my broker


If united capital can do it for me no lele I go join them

OBAGADAFFI:
Real estate?

Look around, you will see empty properties everywhere, yet those properties must be maintained regularly.

Pray you to get tenants the won't default on their rental payments.

Just like NSE that we all learnt by getting burnt at times same with real estate and rental properties..,,,,

I know many that swear to live by it, u learn the ropes too.......

eagleeye2:
Oga Emma and the Gurus in the house greetings. I have a personal question and I need suggestions and advice. I have read and still reading about investment in bonds vs real estate.
I inherited my late parents properties, and I am thinking of selling off one of the buildings and plunge into the bonds market. Doing that I will become a tenant which I already am, since I have relocated from the city where the buildings reside. I believe I can raise 25M or more from the sale of any of the two properties.
Both properties generate roughly #1.2M in rental income. When I know I can easily get at least 2M if I invest 20M in bonds.
Of course it makes sense to sell. But, emotions and sentiment are in play here. My relatives will see me as 'Efulefu', who can't go out there to build his own wealth. I'm Igbo and we frown at sons who sells off their inheritance, even if it is to build more wealth from the proceed of the sale. Also, I am worried about this land sale 'curse', since I am not going to invest in another piece of real estate, but instead wants to invest in Bonds.

Never ever make the mistake of selling if u are not in the cadre of pa elewummi that have built and restructured so many properties...........
Thank God ur parents bequitted something to u, u have an asset that is generating income if properly managed, the asset also appreciates with the general realities on ground......it's better u live off the income generated from the asset than sell and still get trapped in the Inflation we all r running from

Godisfaithful:
By year end 2021, $1 to Naira would be equivalent to N530/540 (God forbid it wouldn’t happened as we always say) and Zenith would still be trading within the range of N17 to N25 (Naira)

#JustSaying

È ku market

What you are saying is true and would affect all securities denominated in Naira except one invest in real assets or saves in dollar denomination which is still difficult in Nigeria.......

If we dont get it right in this country all we will keep hearing is billions, trillions and quadrillion yet quality of life is zero..................Even the government is afraid of spending Naira and finds all means to force Naira on our throats while it spends dollars.......



My dear try and acquire real assets to hedge against this problem

The way every manner of Nigerian is guzzling down Trophy beer has kept me wondering "WHY THIS HAS NOT TRANSLATED TO PROFIT FOR ITS SHAREHOLDERS".................

I keep looking and international breweries and feel like jumping in

Would love to hear counter opinions

ositadima1:
People live in thier vehicles if u have one lol, if you are down on ur luck you can manage train stations, use public gym for baths. Life goes on, if you know your way, u can get free food, dumpster diving. Free clothes too, some religious organizations like caritas give very good clothes and shoes. Lol, d shit some people go through to live abroad eh

Dats the definition of MADNESS in Nigeria...... Oyibo just gave it sexy name

NL1960:
Oga Emma, you can do whatever you like with your properties. It is your right. We are all humans . I think a tenant that pays promptly should not be given quit notice just because you want to make more money from a new tenant. You have said this same thing before coupled with saying that a prosoective tenant whose wife is not working cannot rent your property.

You are well respected here and i have been following you since SMN days. I think you should relax some of these your conditions.

Tenants on my street have invested so much into the street in terms of security, street lights, maintenance, generator for the street light. So imagine after 5 years, a tenant who has been prompt in rent payment is told by a landlord to vacate because he has 5 years principle on his properties. Is that capitalism or cult?.

Oga Emma has dropped a Golden rule.......... Please digest before emotions................ The decision to be a good tenant is a personal decision, most at times its not even about the increment but the entitlement mentality................ personally, I have a beef with some of my co-tenant as they feel I have too much money cos i pay my rent as at when due............. There is always something that comes up when its time to pay the rent.............. I feel if one has taken time to erect a good structure in a prime location, one should take this approach, the typical tenant is a vicious animal ready to milk the last drop of his annual rent......................... I say this from experience living in rental property

I'm yet to have a rental property but when I have one I would follow this approach........... Personally one should take this approach even with the caretaker of the property, the average Nigerian has too many problems and would rather use your money to solve their problems except there is a threat of physical injury and humiliation

There are too many bad eggs spoiling it for principled persons like you and me

A constorium of Oil marketers recently visited Dangote refinery, they include total, ap, mrs, and Mobil........... I no see oando........ One has to keep an eye on dat refinery as it might be d game changer for us in ardova bus

mumu9gerian:
Please how can someone get gtl Registrars to respond to a mail

A mail is never a mail unless its acknowledged by a worthy third party...................... Lets imagine you want your account mandated and dividend paid promptly...................firstly make sure your broker has a good customer service...................... Proceed to gtl registrar and listen to their blabbing, all in all make sure you get the company mail addresses of contact staff, then contact cscs and pray a cscs staff answers you................................ From then on any mail you send to GTL make sure you copy ur broker, CSCS and any other worthy 3rd party......... Any mail you send now gets copied to both your brokers system and CSCS system.......................................... Then watch as they work and update you on proceedings......... where you need to come in you would be alerted

any-body here bought bond with the meritrade interface? what is the experience like.................... Im too far from lagos to visit their office