ositadima1: Go to the person's profile page and select 'Block this user.' Don’t forget to block me—it doesn’t matter to me. I no send anybody. Lol.
I think you have gone from being a deliberate nuisance to being quite useful on these threads. Oga Emma should find you useful these days, so long as your needless belligerence doesn't resurrect.
debeey87: Like I said, I have banked with them 18yrs. Nothing of such happened in those years. Other banks had similar software upgrade issues same period although theirs was worse. So a glitch that lasted less that 3months or under 6months isn't enough to close an account for me. Not speaking to the issue at hand with VDM and his mother.
Fair enough.
I would however assume you have other bank accounts. If not, 3 to 6 months of such problems is going to be disastrous.
During those periods of bank software issues, banks like Stanbic and nearly all the PSBs and MFBs were working well.
debeey87: Only Gen z do stuffs like that. Even when they had network glitches that made transaction impossible, I still maintained my 18yr old account with them.
Might be unrelated but does it mean you're encouraging mediocrity and corporate 'anyhowness'? If not, of what use is the account if, using your own words, transactions are made impossible?
Dum20: To me the best to have is social intelligence.
People like Sabinus, Whizkid, Davido, Osimehn, Taooma, Don Jazzy, Nathaniel Bassey, Omoni Oboli, Funke Akindele did they need hi IQ to be at the level they are in life? Let me even add Pastor Adeboye, Oyedepo, Sam Adeyemi, Jerry Eze, ..... the list is endless
These people i mentioned and their likes have been able to make a difference in the world and global scene.
So high IQ is not a yard stick for measuring success
Sunrisepebble: The valuation of the company is still between N102 and N150 per share. I will see the end of the transaction. No value for me elsewhere in the market and even outside of that I believe in the long term prospects of the company
Yea, lack of opportunity is one of the reasons why I am still there.
Streetinvestor2: What I know is crude oil is going nowhere till christ returns. ALL this renewable and green energy na noise. Africans that can not afford new cars still they manage tukunbo cars way old pass 10 yrs. Or is it that thing the call solar energy that you will spend over 4 million and it only carries lighting points,fan and other light equipment in the house.Then after 2 /3 yrs you are told the batteries has expired for you to bring above 2 million again to replace them.How many of those heavy factories in china and India are being runed by such energy. We never see power supply to take do better thing with the 5kmw plus that is being generated na the one to charge car. In the next 20yrs alhaji never recover the 20 B dollars he invested in that refinery na him you dey take say oil will be less important. Na big lie.. Oyibo no wan make we use oil money too to develop our country after they have developed thr own
Boss, you guys need to try to experiment with solar panels and inverter in order to confirm some of these numbers.
Admittedly, it used to be so but not anymore.
Since the advent of tier 1 solar panels and Lithium Iron Phosphate batteries, a lot of households are using solar alone for all their power needs for the better part of 5 years. Power needs include cooling (ACs and Fridges), cooking, lighting and many more. You may want to navigate through Nairaland to read firsthand from actual users.
People are running away from NGX due to 2008, the same way people who trialed RE with Lead Acid batteries, makeshift panels and dumb inverters are running away from it.
Mpeace: The price limit is not even the main issue. The main issue is the 100k single unit requirement for price movement. There is a stock on NSE that trades at N1million per unit. That stock needs a single transaction of N100billion to make any move. Seplat needs a single transaction worth over N500billion to make a single move. Whereas some stocks need only less than N50k to make a single move. That to me is the rule we need to change.
That rule probably does not apply to all securities. NEWGOLD ETF, for instance, definitely does not follow that rule.
Valthegreat: NASD is also a NIGERIAN STOCK EXCHANGE because they are regulated by same SEC. Except if the group is meant for NGX quoted stocks only. I stand to be corrected though.
NGX used to be NSE (NIGERIAN STOCK EXCHANGE) when this thread was started.
Xidget: If you pursue a career in stand-up comedy, I assure you, you will make it.
Comedy content creation makes more money now and entry is unrestricted. He can easily become a billionaire in naira in one year after many months of cashing out dollars from streaming services like YouTube, Instagram, Facebook, TikTok, etc.
edwardaigb: Late last year, I picked 1 Million units of Tantalizer at #1.05 after the success of the right issue. Few months later I sold at #1.60. Today Tantalizer is #2.7. The rest is history. I have learnt to close my ears to the noise on any stock I pick after my due diligence. God Bless us all.
BullBearMkt: I recently came across this attached 150-year-old chart created by a farmer named Samuel Benner in 1875. How relevant is this chart, particularly to the Nigerian Stock Market? That’s the first question I asked myself. Looking at the recent yearly data of the NGX ASI, it appears to be quite relevant. We are now moving towards "B," the good times, which are projected to end by 2026 - three years after 2023.
Curious to know who the long-standing CHAMS seller was and why they were selling. Whoever they are, they really had a very large quantity of the stock.
RodgersAkpafu: Honestly speaking, this is not right, or fair to the telecoms providers. If the govt insists on holding steady the rates (which btw is "uncapitalistic" and anti free market), what are they offering in return in exchange to cushion the effects of hike in operational and finance costs, as well as FX exposure losses ?
When I call these lot dummies now, riff raffs will come for my neck Other sectors are adjusting prices
This is just a mess and a disgrace
They may deny now but it will surely happen. We are used to those kinds of denials. The PAs have to be busy with something to justify their paycheck nau
Since when did we start taking the denials seriously?
Sunrisepebble: Exactly, also, most of their lease agreements with tower companies like IHS were paid in dollars, they have renegotiated some of these contracts and are now paying in naira.
I don’t expect much on the dividend front tbh. The yield has always been poor but with an increase of let’s say 40% in tariff, and less FX impact. I see the price in the 250-300 range again based on FY 25 results
If I will be buying MTNN, it will be for the bolded reason only.
Streetinvestor2: So do you see thr price doing 100% in 2025 based on last closing price. Na 100 % be my yard stick for 2025.Then it could go slow from 2026.The naija stocks need to reprice the new reality of naija as per exchange rate/inflation in 2025. Though some have already done it in 2024
I am seeing things but they are not clear at all
What I would say is that they will certainly perform better going forward. Did I say certainly?
Nothing is certain jare. More adverse macro-economic policies may spring up again, who knows.
Bovis: Fair enough but other companies in the same sector in Nigeria are reporting growth and profit. I’m also wary of the huge debts. I think they may be diverting some of the Nigerian funds into other countries.
I just don’t trust most South African companies operating in Nigeria. They see us as their cash cows
Your assumptions might well be factual as there's no smoke without fire.
Bovis: Well done bro for agreeing to quit the ramblings. I’m with you in Airtel and NB already. I don’t trust the management of MTN in Nigeria due to many factors and past events
Additionally, the last result losses may have been exaggerated because the company seems to be making huge profits in other developing countries similar to ours. Just my opinion oo!
They were not allowed to increase tariff in the presence of the unrelenting inflation and naira depreciation. It's impossible not to make losses since they use services of firms and plants that charge in dollars. I saw they have been allowed recently. So, supposedly, they will increase prices of their services and begin breaking even.