₦airaland Forum

Streetinvestor2:
Oga nothing will happen if they leave.Imfact nigeria will be better. They should leave as soon as possible. I don't really use thr network. I only use them to receive calls for long because it is my first line people know me with.I use airtel for data which is very ok and far cheaper

Airtel equally has similar fx issue with mtn, they are both foreign companies.

seyisanya:
Simply clear your cache.

thanks

Mankind2024:
Did you succeed? Only a few units left!
Thanks, YMCY56, our esteemed Madam in the house. I managed to grab 10,000 units at N180. Keep up your excellent service to humanity. More power to your elbows!

thanks. Got only a few units

yMcy56:
Use another browser
Clear caches and past history

Thanks alot. I was able to log in. Got only a few units. Thanks alot.

cocolacec:
Reload your browser.

k let me try

yMcy56:
How? Why?
Morgan is working perfectly

keeps booting and rebooting the next it shows that same user id is already logged in.

yMcy56:
MTNN
Available @180

I cannot login to morgan to buy. Very unfortunate.

Mankind2024:
Oh, ye defenders of MTNN, you forgot to mention the truth - that MTNN is now being run on depositor loans taken from Nigerian banks despite the huge revenue figures. Where were you when MTNN siphoned $15 billion from the Nigerian economy? Nigeria did not collapse. Nothing will happen; no one is indispensable. MTNN remains a forex guzzler. I have never seen a company that loves our forex reserves like your beloved MTNN.
Long stories change nothing. I accept the truth that MTNN is undesirable yet unavoidable.

Not an MTN defender. But with all due respect, the 15billion you talk about was not stolen from government or nigerians. It was money made in the course of their legitimate business and they needed to repatriate same in order to pay dividends to their shareholders.

Companies doing business in other countries are usually allowed to freely repatriate profits. Not just Nigeria.

Bad governance and corruption in Nigeria has made it difficult for foreign companies to repatriate profits.
It is the same reason Nigeria had issues with UAE and some other countries, and also the same reason some other companies had to leave.
Thats why the current government is making serious efforts to ensure that enough $ is made available for foreign companies to repatriate profits.

No serious company will come to Nigeria to invest if they cannot return their profits.

Believe it or not, and with all due respect to nigerian telecoms companies, if MTN leaves Nigeria, there will be serious problem.

Go and read Airtel recent report, especially the explanatory notes, they specifically mentioned the negative impact their Nigerian arm had on their profit for the period.

So Dangsugar records bad result, investors take it out on NASCON shareprice.

Meanwhile Buafoods is still doing well, I wonder why DS keeps releasing all these bad results abi na them dey take all the fx losses for the entire industry?

Agbalowomeri:
With this 1 trillion dollar loss?😂
N24 beacons

Funny thing is, the stock might not have enough units to move inn price.

Wonderful result from Seplat. Very good.
Although revenue went down in $.

Choiceguy:
from every indicaion you will know that they will produce a good result.

Volume today was relatively high but nse is very unpredictably

ogoo4real:
How about Seplat second quarter result

Seplat result will be released tomorrow. Webcast follows immediately at 12noon.

I just dey wonder why they decided to follow this procedure for release of q2 result.
Are we expecting a horrible or wonderful result?

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/41830_TOTALENERGIES_MARKETING_NIGERIA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

Totalenergies delivered as expected. Eps for H1 alone is now 60.58 from 25.88.

With this type result and their dividend history, I can on say hmmm

stcool:
Oando faithfuls

So this is why they have been fighting dang refinery all along.
It has been reported that there was a sharp increase in fuel imports from malta since last year.
The same reason NNPC is saying they will not stop imports even if local refineries canngill yhe gap. Same reason also they are not going to give dang refinery and other locals enough crude to refine.

This country is finished.

sterlingD:
TRANSNATIONAL CORPORATION PLC Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41780_TRANSNATIONAL_CORPORATION_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

Transcorp is donig very well.

For every 1.5million naira worth of transpower, you get 6thousand naira interim dividend. Thi thi really poor

sterlingD:
TRANSCORP POWER Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41749_TRANSCORP_POWER_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

great result. Pat moved from 11billion to 36billion.

But price still high sha

Mankind2024:
Warning signs for the banking sector.
The Central Bank of Nigeria (CBN) has raised the interest rate from 26.25% to 26.75%, a move that may have far-reaching implications. Furthermore, the Senate has increased taxation on forex gains from 50% to 70%, a decision that could spell trouble for the banking sector.
Red days may indeed lie ahead for banks, as these changes could lead to increased borrowing costs, reduced lending, and decreased profitability. The sector is bracing itself for a challenging period ahead.
The Ichimoku strategy of Agbalowomeri is knocking strongly.

Na only mumu bank go declare better fx gains.
Banks also have to come together to fight against retrospective application of the new amended law.
The law is that new legislations cannot have retrospective application. In other words you cannot use a new law to tax profits made before the law was enacted.
So Bulaba and his 40 things gang should keep off 2023 fx gains.

Una don provoke Dangote..

Ovamboland:
Dangote that is already exporting his fuel to some ECOWAS countries and Europe is the same somebody is telling us is making sub-standard fuel
It's government's choice to see what benefits the country the most if local companies supply us and keep profits here with their workers transacting in our economy or they want Nigeria to import and support the businesses and workers located in other countries

I am only surprised dangote refinery has not responded to that allegation. I doubt if we are in any position to defend the company if they have not refuted the claim.
What if they acknowledge it to be true.
A govt agency cannot come out with such claims without reason.

Locotrader:
At this time,we remain loyal to oando.

Royalex & Co can wait for now let's chop this hot money first

Welcome back Sir.

BabsO2:
Those fx gains are not cash flow. They are FX assets that have a translational gain in Naira. Those fx financial assets may even be tied more to foreign subsidiaries of these banks. To monitize it into naira will even require selling of the financial assets.

Then why tax them if they are not monotized. Will the banks pay the said tax buy selling those assets or from the small money wey them fey follow give us the usual peanut.

If they are to tax fx gains, they should as well allow dividends to be paid there from. It is not profit if shareholders do not benefit from it

yMcy56:
ACCESS don dey push the price up small small.....
Thry needed to move 5he price around 22 or more possibly.
This year till 2026 will be interesting, God willing. God spare our lives.

They initially brought down the price and loaded massively. Now they are trying to raise it.

Streetinvestor2:
i no follow you for that high hope oh.Saplet no be total mate ..The total listed for nse is not into crude oil and gas.Total for nse na just marketing company.

Na my betnaija stock in future if they can turn things around in yrs to come can go that way.

Na so una tell me when I enter seplat that year. Only time will tell sha

Streetinvestor2:
You try well
My own is based on street analysis. Total has already touched 425 within day swing in price. Total will be heading for 600 after second quarter result. If you use Total products beside pms you will understand. The fuel treatment others sell for #1500 -#2000.That of Total is #4500.The cost of thr lubricant and others is now something else. They are the next enjoying in marketing pms so far beside nnpc station. Then thr heavy duty engine oil and oil in big gallon is what most people in that category use.The result for 2024 go loud.

Total wey I expect to be the next Seplat

Nice job. But that q1 2024 result. Hmmm

Streetinvestor2:
Nice one.I hope they can pay atleast #30 by yr end
Oga ote go soon pump the price up for maybe some sell to pick up fbn shares. He need to move towards 15% of fbn control lol

Half year eps of N8.01 will need serious improvement to enable a N30 dividend. They did well but their price is already above reasonable limit.
Although with ote$ anything is possible

Seplat, Transcorp and dang sugar una well done

megawealth01:
I believe in ACCESS BANK than GTB and ZENITH joined together...

NOTE

I am invested heavily in all

If you have spare just move all into ACCESS at Current Market Price of #19.22

I called out Access severally days ago when it was #16+ and I'm calling it out again at CMP

Access should have about the lowest OS among the fugaz, after the whole recapitalization stuff is done.

Mfunkynation:
Hahahaha... officially it has drop now

Sorry oh. It has not dropped. Its actually 1,000 per share. Na wa oh.