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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:33am On Feb 12

Coolcash1:
Don’t get mad at yourself at least you don’t lose money.

Lol

Thank you, bro.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:31am On Feb 12

Kaczynski:
Nigerians and free things

Remember, the best things of life are free, and no one can live without them.
The air we breathe, the sun, the rain, etc. The rich would want people to pay for these things, if not by His grace!

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 8:46am On Feb 12

Coolcash1:
RT Briscoe it’s being a sweet ride.

Patience and long term focus is very key in this stocks market game.
I bought some 3million units of that RT Briscoe at about 0.60k and sold off around 0.80k. Now it is almost N15! Unbelievable!

7 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 8:10pm On Feb 11

unite4real:
I want to personally advise any newbies entering the Nigeria stocks Market.

The only target you should set for yourself is to beat inflation. Don't let social media influencers make you dream too much.

Great advice.
Even sometimes when it becones too cagey and too risky, just make sure you secure your capital FIRST and leave every other target for the time being. Live goes and you recover in due course

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:50pm On Feb 11

https://nairametrics.com/2026/02/11/dangote-refinery-cuts-petrol-price-to-n774-per-litre/

Dangote Refinery Cuts Petrol to N774 per litre

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 3:56pm On Feb 11

pluto09:
Quoting from the link you posted,

“To ensure the availability of adequate foreign exchange liquidity in the retail segment of the foreign exchange market to meet the legitimate needs of end users, this is to inform market participants that all BDCs that are duly licensed by the CBN are allowed to access foreign exchange from the NFEM through any Authorised Dealer of their choice, at the prevailing exchange rate.”

There is clearly a difference between CBN allocating forex to BDC and BDC accessing forex from NFEM at the prevailing exchange rate.

I am not out to defend government,I just believe people on this forum should know better than the average Nigerian and that should form the basis of our criticism or support for the government.

You said the CBN does not allocate forex to BDCs.
But the article reads inter-alia,
''The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM), allowing each operator to purchase up to $150,000 weekly.

That is imposing an allocation limit of $150,000 weekly per BDC player, if successful. The CBN can equally increase or reduce this threshold. That is a way of ''allocating'' or ''assigning'' the maximum amount a BDC can buy, for the purpose of managing forex availability and its potential effect on rate in the parallel market.

Abi, did I offend English language? grin

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 3:14pm On Feb 11

pluto09:
The CBN is not allocating forex to BDC.
They are only allowed to access forex from the NFEM.

Why are you so defensive on any thing about govt:?
The CBN routinely allocates or decides the threshold of forex to be made available to BDCs in the NFEM, as a way of managing the rate:
The CBN regulates the NFEM (Nigeria Foreign Exchange Market) by determining the allocation threshold to BDCs

Please refer to this news item:
https://thebureau.com.ng/cbn-approves-150000-weekly-fx-access-bdcs/
https://www.nairaland.com/8616324/cbn-approves-150000-weekly-fx

1 Like

Crime › Re: Man Caught Sucking The Chest Of A Mad Woman In Ogun (Photos) by mikeapollo: 3:02pm On Feb 11

magoo10:
Sucking chest or sucking breast make una dey specific.
The man must be mentally sick.

Lol

You dey craze! Wetin specific wey you wan hear?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:49pm On Feb 11

yMcy56:
@Stockpromoter
Are you only for insurance this year? Lol
Don't you see what's happening in CHAMS?
Some number playings ongoing there..
Closed @4.75.......

Meanwhile, ZICHIS closed @8.93..
It's well. 😊

This is what may also happen when Providus-Unity is eventually listed.
The funds in the market will pursue it like mad

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:43pm On Feb 11

presiade:
Other non-oil components of the GDP (agriculture, financial services, and trade, etc.) have been steadily increasing more than the crude oil and gas components. S, it’s no longer strictly about oil price.

It is about which GDP component generates the required forex revenue, from which the govt gets its dollars allocations to the BDC.
Oil revenue is still the largest and dominant contributor to Nigeria's forex revenue, and it is affected by volume and price

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:56pm On Feb 11

presiade:
Foreign reserves at work:
https://www.nairaland.com/8616324/cbn-approves-150000-weekly-fx#138433559

@AwesomeJ may buy that his car sooner--you won't have to wait much longer.

All these beautiful policy intentions rely on our ability to generate the needed forex, which relies heavily on oil revenue.
Once oil revenue does well, every other thing will be fine. Otherwise, all these na audio.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:37pm On Feb 11

leo1234:
If you are interested, I can sell to you at 19 naira.

You must buy one stock this year

Agba na Ijebu man!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:49am On Feb 11

NSEstudent:
Your standing order would be market order?

If they do public offer, the price may not be attractive.

Yeah, my standing order would be to buy at any price available in the market, hoping that I should be able to get some good number of units before my funds run out.
If they do a public offer shortly (e.g. few weeks) after the listing, the price may not be too high.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:31am On Feb 11

SonofElElyonRet:
@mikeapollo

I pray it gets to wherever Agba wants it..
I am not in Oando for the short term, so the lower it gets, the better opportunity for me to load more.
Nothing shakes me!

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:28am On Feb 11

NSEstudent:
You have not considered how improbable it will be to lay hands on it once live on the NGX

Yeah, I understand that. It will be scarce in the first few days or weeks after listing.
My plan is to leave some reasonable funds in my brokerage account, so I can place a standing order once the suspension is lifted and it is listed for trading.
The other option is to subscribe heavily if they come via public offer.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:16am On Feb 11

megawealth01:
Like WEMA like UNITY

Thanks for this heads up.
I will not let Providus-Unity pass me by, God willing.
And thanks for all your stock picks in 2025

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:13am On Feb 11

ppogba:
Oga, decode the parable abeg.

WEMA Bank experienced financial challenges and was under suspension for a very long time, running into years. They received support from CBN, and has now recovered fully with over 2000% return or gain.
He is saying a Unity Bank would experience a similar thing.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:11am On Feb 11*

presiade:
You don't understand what diplomatic passport is--even as crazy as Trump is, he won't dare violate a diplomatic immunity. Maduro's case is different becasue they only went to capture a terrorist. Atiku traveled using a diplomatic passport with diplomatic immunity afforded by Sarak who led the trip. Lol are you really serious right now? They investigated Atiku and found nothing? Why hasn't he sued OBJ after all the allegations contained in "My Watch"? I won't engage you any further on this--you're either not being sincere to yourself or just naive.

Well, you are free to believe in whatever lies or rumours you decide. It is your right.
The rule of the game is evidence, especially after several comprehensive investigations all over the world including Nigeria, UK, US, Dubai etc.
Atiku has not sued OBJ after all the allegations because he is a politician who is still vying to become president and mayvbe hoping to leverage OBJ's influence to win.

Please Note:
I am not saying Atiku is better than anybody for the post of president. No.
I am only restricting myself to some of the political lies and rumours that some people believe out of ignorance or naivety. Similar other political lies were said against Tinubu himself in opposition; he appeared before the ICPC and was cleared/discharged.
One of the persons that made those allegations against Tinubu then, Nuhu Ribadu, has now taken up appointment as National Security Adviser under the same Tinubu that he once described as corrupt. How about that? Of course, he needed to tell the lie against Tinubu in order to impress OBJ who appointed him as EFCC chairman, and now he needs to accept the appointment under Tinubu so he can be politically relevant and make some money as well.

But Atiku was even far more investigated than Tinubu or anybody else in the history of Nigeria.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:43am On Feb 11

pluto09:
The government has not said they are going to sell 100% stake in national assets and I don't think NNPC will ever be sold.
They should reduce government stake in some strategic assets like NNPC but some like the refiniries should be sold 100%

Okay, I agree with you entirely on this.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:35am On Feb 11

Kaczynski:
Take a look at the oil industry in Texas and see what privatisation is doing there.

I wont look at Texas. I would rather look at other developing OPEC countries like Saudi, UAE, Qatar, Brazil, Russia, Libya, etc. and learn from what they have been able to achieve.
The US would have overrun Venezuela oil industry decades ago if Venezuela had privatized their national oil company (like NNPC) because they can easily front different companies to buy it off. US could not achieve that, hence Trump had to use the crooked lies to physically attack and abduct the president. A week after the abduction, Trump started talking about Venezuela oil reserves and how US companies should be allowed access to the reserves. That is how strategically important the oil industry is. You don't give it out to outsiders anyhow.
Other assets may be privatized 100%, but not the national oil company.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:27am On Feb 11

presiade:
Get your facts right! "As Vice President, Atiku Abubakar was the Chairman of the National Council on Privatization (NCP) under President Olusegun Obasanjo and oversaw the privatization of many national assets, with the Bureau of Public Enterprises (BPE) operating under his supervision, though the process was controversial, with accusations of cronyism and lack of transparency."

Traveling with a red (diplomatic) passport behind an incumbent Senate President does not prove anything.

The question you should ask is this: will the US govt leave a criminal to go free because he was traveling with a friend who is a Senate president?
Atiku traveled with his own passport in his own name. If he was a criminal wanted in the US, he would be arrested. No questions about that.
There is no shared immunity. President Maduro of Venezuela is a clear case.

OBJ was the head of the govt who takes the final decision on privatization of state enterprises. EFCC, ICPC, SSS, Police, DSS, SFIU, US, UK, Dubai, etc. were all mobilized by OBJ and investigated all Atiku's dealings and business transactions in and out of govt. They found NOTHINHG!

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:03am On Feb 11

presiade:
But when you remember the Halliburton scandal and how he handled the privatization deals under OBJ, you will know why any reasonable citizen will be skeptical of him.
https://www.nairaland.com/2469010/summary-alleged-payment-halliburton-bribery

Atiku was never involved in the Halliburton scandal nor the privatization deals under OBJ.
The privatization of State enterprises was handled by El-rufai, the DG of Bureau of Public Enterprises (BPE) who was reporting directly to Obasanjo and National Council on Privatization(NCP). How wss Atiku involved in this?

Atiku has been investigated extensively and comprehensively by all the investigative bodies in this country and abroad., including the Halliburton scandal. NOTHING was found against him.
People just spread rumours and tell lies. The same way they said he was wanted in the US for fraud and that he could never travel to US because he would be arrested. That was a well planned blackmail, The man eventually travelled to US and nothing happened.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:46am On Feb 11

faoogoke:
You will surprised that even with dollar at N800 things wont be like you thought it would be.
You might be disappointed big time and wonder why didnt the dollar stay at N1500

This is strange! grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:35am On Feb 11

Kaczynski:
Best to privatise everything which will give economic freedom to every one. Unemployment will reduce.

Good if them sell nnpc , ncc , nafdac, efcc.

Are we really sure?
Strategically speaking, it could be a huge mistake and dangerous for a nation to sell 100% stake in its national oil company (like NNPC) outrightly to private hands.
This is why no single member of OPEC has done that. Countries like Saudi, Qatar, UAE, Brasil, Kuwait, Russia, etc all have some significant share in their national oil companies, even though the majority share may go to private investors.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:19am On Feb 11

https://www.thecable.ng/wale-edun-says-fg-will-commence-sale-of-state-owned-assets-in-2026/

Finance Minister, Wale Edun Says FG Will Commence Sale of State-owned Assets in 2026.

If it is absolutely impossible or very difficult for govt to operate and manage these assets, why not find credible partners and lease these assets over some years e.g. 20,30,50 years instead of outright sale?.
The intervening lease period would afford govt the opportunity to assess how well the new managers are operating the assets and use the information to make further decisions.
Why just sell off outrightly? Can govt not even sell like 51-60% to a majority investor while govt keeps like 40%?

2 Likes

Politics › Re: Wale Edun Says FG Will Commence Sale Of State-Owned Assets In 2026 by mikeapollo: 9:06am On Feb 11

If it is absolutely impossible or difficult for govt to operate and manage these assets, why not find credible partners and lease these assets over some years e.g. 20,30,50 years, instead of outright sale?.
The intervening lease period would afford govt the opportunity to assess how well the new managers are operating the assets and use the information to make further decisions. Why just sell off outrightly?

1 Like 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:31pm On Feb 10

brotherly:
he also recommended

CWG
Redstar express
union Dicon
Meyer

they have all delivered.

Megawealth na blessing to this forum.

Real blessing. I would have made huge money if I was liquid at the time he gave most of his stock picks

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:30pm On Feb 10

SonofElElyonRet:
Dem just dey twist my position..

They wan rope you in by all means grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:32pm On Feb 10

SonofElElyonRet:
I never said empty the foreign reserve

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 3:46pm On Feb 10

NSEstudent:
Lesba what?

costly mistake

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