₦airaland Forum

Mcy56:
Sir, check well. They made profit in Q1 as against the 2019 FYE. That's what I saw.

I am talking about revenue which is down q/q.
Profit is also down q/q.
Yes, they made some profit in the quarter against a loss in fy19 but you have to note that profit was made in q1 19 before everything disappeared by year end.

Mcy56:
Unilever made profit in Q1 and are quick to release result.
The revenue growth was expected, some coys are expected to benefit from the prevailing situation in the world all over.
The marketing and admin expenses was on the high side though Could this have impacted positively on the revenue or some ogas hide their loot under it?
Q2 is expected to be better too, all things being equal.
**NB** This is my layman's understanding of the result, my ogas may have better and different opinions.

I can't see any revenue growth in Unilever or are we looking at different results.
And why do you think q2 will be better.

Just go and stock your home with foods and basic necessities.
Nigeria is on a long thing, God help us....

ositadima1:
Thank you sir. Do you have any Idea in what category is Veritas Registrars (difficulty of registration, I live very far from Lagos)? I noticed they cover zenith bank shares.

It is like I will only be keeping selected companies for dividend collection (one or two), since registration can be difficult.

I assume someone can make close to the dividend yield by entering the market somehow near the dividend payment period and exit just before it.

Veritas used to be straight forward and simple. I don't know if they have changed.
I did one for my wife last year through stanbic ibtc and it was seamless.
It took about 2 months or so after we submitted the e-dividend form before it was activated.

ositadima1:
Did you submit your forms by email through your broker?

If you are outside Lagos, you can submit through your banks though it may take time.
It is advisable you start the process as early as possible not necessarily when dividend has been declared.
Some banks are very helpful and responsive.

Some registrars are easy and straightforward, the e-dividend mandate will get activated with just the e-dividend form.
Some are not that simple and they will ask for signature specimen, you will need your broker for help with these ones.
Some registrars are difficult and non responsive, they will not pick your calls nor reply your mails, you will need wisdom and time to get through with those ones.

Mcy56:
Could be anytime from 1st week of May I think.
Zee already announced closed period. You know they have to submit to CBN for approval first, so it will take few weeks.

It will be unaudited reports, so there will be no need for CBN approval.
You only need approval for audited accounts.

RichEstate:
Good morning all, thank you to all profs. This place is like JAMB special centre. I will bring my tithe this time next year � �. With good information and right application, poverty is half dead.
I'm just taking time to appreciate you all for shaping me daily.


Please for us newbies, make u a dey help us answer questions. I remember I raised question on Oando @2.2 but was not treated. I'm not apportioning blame though. Just that we need you to reach your levels. Thanks.

We should be careful in using upward movement in share price to justify our stock picks..
That oando has appreciated in price in recent time doesn't make it a good stock for the fundamentalist. For the TA people, it is a different ball game.

showafrica:
I don't know how people see forex... My greatest regret in life is not starting forex in my teens. I was engrossed in school and 8 to 5 work. It is easy to make 1% profit everyday from forex and in one month its 22% already. If you decide to add weekend deals, 30% already.

If it is that easy, why would anyone give money to another person to trade for him.
I don't have problem with forex, anyone should be able to trade by himself.
Get a broker, fund your account and do the needful. If you loose money, you would have learnt something.
And if you can't trade,the brokers will always have managers that one can follow and make or loose money in a transparent way since one will still be controlling his account.

Anybody that ask you to bring money purporting to trade forex for you with account that you can't access and control yourself is most probably a fraud.

aremso:
And banks does not cook books？

Even if it is a cooked one, MBA should bring their financial reports out.
Those who have eyes will always see through a cooked financial reports.

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE EXTENSION OF COVID- 19 PANDEMIC LOCKDOWN AT THE STATE HOUSE, ABUJA
MONDAY, 13TH APRIL, 2020

1. Fellow Nigerians

2. In my address on Sunday, 29th March, 2020, I asked the residents of Lagos and Ogun States as well as the Federal Capital Territory to stay at home for an initial period of fourteen days starting from Monday, 30th March 2020.

3. Many State Governments also introduced similar restrictions.

4. As your democratically elected leaders, we made this very difficult decision knowing fully well it will severely disrupt your livelihoods and bring undue hardship to you, your loved ones and your communities.

5. However, such sacrifices are needed to limit the spread of COVID-19 in our country. They were necessary to save lives.

6. Our objective was, and still remains, to contain the spread of the Coronavirus and to provide space, time and resources for an aggressive and collective action.

7. The level of compliance to the COVID-19 guidelines issued has been generally good across the country. I wish to thank you all most sincerely for the great sacrifice you are making for each other at this critical time.



8. I will take this opportunity to recognise the massive support from our traditional rulers, the Christian Association of Nigeria (CAN) and the Nigerian Supreme Council for Islamic Affairs (NSCIA) during this pandemic.

9. I also acknowledge the support and contributions received from public spirited individuals, the business community and our international partners and friends.

10. I must also thank the media houses, celebrities and other public figures for the great work they are doing in sensitizing our citizens on hygienic practices, social distancing and issues associated with social gatherings.


11. As a result of the overwhelming support and cooperation received, we were able to achieve a lot during these 14 days of initial lockdown.

12. We implemented comprehensive public health measures that intensified our case identification, testing, isolation and contact tracing capabilities.



13. To date, we have identified 92% of all identified contacts while doubling the number of testing laboratories in the country and raising our testing capacity to 1,500 tests per day.



14. We also trained over 7,000 Healthcare workers on infection prevention and control while deploying NCDC teams to 19 states of the federation.



15. Lagos and Abuja today have the capacity to admit some 1,000 patients each across several treatment centres.



16. Many State Governments have also made provisions for isolation wards and treatment centres. We will also build similar centers near our airports and land borders.



17. Using our resources and those provided through donations, we will adequately equip and man these centres in the coming weeks. Already, health care workers across all the treatment centers have been provided with the personal protective equipment that they need to safely carry out the care they provide.



18. Our hope and prayers are that we do not have to use all these centres. But we will be ready for all eventualities.



19. At this point, I must recognise the incredible work being done by our healthcare workers and volunteers across the country especially in frontline areas of Lagos and Ogun States as well as the Federal Capital Territory.



20. You are our heroes and as a nation, we will forever remain grateful for your sacrifice during this very difficult time. More measures to motivate our health care workers are being introduced which we will announce in the coming weeks.



21. As a nation, we are on the right track to win the fight against COVID-19.



22. However, I remain concerned about the increase in number of confirmed cases and deaths being reported across the world and in Nigeria specifically.



23. On 30th March 2020, when we started our lockdown in conforming with medical and scientific advice, the total number of confirmed cases across the world was over 780,000.



24. Yesterday, the number of confirmed COVID-19 cases globally was over one million, eight hundred and fifty thousand. This figure is more than double in two weeks!



25. In the last fourteen days alone, over 70,000 people have died due to this disease.



26. In the same period, we have seen the health system of even the most developed nations being overwhelmed by this virus.



27. Here in Nigeria, we had 131 confirmed cases of COVID-19 in 12 States on 30th March 2020. We had two fatalities then.



28. This morning, Nigeria had 323 confirmed cases in twenty States. Unfortunately we now have ten fatalities. Lagos State remains the center and accounts for 54% of the confirmed cases in Nigeria. When combined with the FCT, the two locations represent over 71% of the confirmed cases in Nigeria.



29. Most of our efforts will continue to focus in these two locations.



30. Majority of the confirmed cases in Lagos and the FCT are individuals with recent international travel history or those that came into contact with returnees from international trips.



31. By closing our airports and land borders and putting strict conditions for seaport activities, we have reduced the impact of external factors on our country. However, the increase in the number of States with positive cases is alarming.



32. The National Centre for Disease Control has informed me that, a large proportion of new infections are now occurring in our communities, through person-to-person contacts. So we must pay attention to the danger of close contact between person to person.



33. At this point, I will remind all Nigerians to continue to take responsibility for the recommended measures to prevent transmission, including maintaining physical distancing, good personal hygiene and staying at home.



34. In addition, I have signed the Quarantine Order in this regard and additional regulations to provide clarity in respect of the control measures for the COVID-19 pandemic which will be released soon.





35. The public health response to COVID-19 is built on our ability to detect, test and admit cases as well as trace all their contacts. While I note some appreciable progress, we can achieve a lot more.



36. Today, the cessation of movement, physical distancing measures and the prohibition of mass gatherings remain the most efficient and effective way of reducing the transmission of the virus. By sustaining these measures, combined with extensive testing and contact tracing, we can take control and limit the spread of the disease.



37. Our approach to the virus remains in 2 steps - First, to protect the lives of our fellow Nigerians and residents living here and second, to preserve the livelihoods of workers and business owners.



38. With this in mind and having carefully considered the briefings and Report from the Presidential Task Force and the various options offered, it has become necessary to extend the current restriction of movement in Lagos and Ogun States as well as the FCT for another 14 days effective from 11:59 pm on Monday, 13th of April, 2020. I am therefore once again asking you all to work with Government in this fight.


39. This is not a joke. It is a matter of life and death. Mosques in Makkah and Madina have been closed. The Pope celebrated Mass on an empty St. Peter’s Square. The famous Notre Dame cathedral in Paris held Easter Mass with less than 10 people. India, Italy and France are in complete lockdown. Other countries are in the process of following suit. We can not be lax.

40. The previously issued guidelines on exempted services shall remain.

41. This is a difficult decision to take, but I am convinced that this is the right decision. The evidence is clear.

42. The repercussions of any premature end to the lockdown action are unimaginable.

43. We must not lose the gains achieved thus far. We must not allow a rapid increase in community transmission. We must endure a little longer.


44. I will therefore take this opportunity to urge you all to notify the relevant authorities if you or your loved ones develop any symptoms. I will also ask our health care professionals to redouble their efforts to identify all suspected cases, bring them into care and prevent transmission to others.



45. No country can afford the full impact of a sustained restriction of movement on its economy. I am fully aware of the great difficulties experienced especially by those who earn a daily wage such as traders, dayworkers, artisans and manual workers.



46. For this group, their sustenance depends on their ability to go out. Their livelihoods depend on them mingling with others and about seeking work. But despite these realities we must not change the restrictions.



47. In the past two weeks, we announced palliative measures such as food distribution, cash transfers and loans repayment waivers to ease the pains of our restrictive policies during this difficult time. These palliatives will be sustained.



48. I have also directed that the current social register be expanded from 2.6 million households to 3.6 million households in the next two weeks. This means we will support an additional one million homes with our social investment programs. A technical committee is working on this and will submit a report to me by the end of this week.





49. The Security Agencies have risen to the challenges posed by this unprecedented situation with gallantry and I commend them. I urge them to continue to maintain utmost vigilance, firmness as well as restraint in enforcing the restriction orders while not neglecting statutory security responsibilities.



50. Fellow Nigerians, follow the instructions on social distancing. The irresponsibility of the few can lead to the death of the many. Your freedom ends where other people’s rights begin.



51. The response of our State Governors has been particularly impressive, especially in aligning their policies and actions to those of the Federal Government.



52. In the coming weeks, I want to assure you that the Federal Government, through the Presidential Task Force, will do whatever it takes to support you in this very difficult period. I have no doubt that, by working together and carefully following the rules, we shall get over this pandemic.



53. I must also thank the Legislative arm of Government for all its support and donations in this very difficult period. This collaboration is critical to the short and long-term success of all the measures that we have instituted in response to the pandemic.





54. As a result of this pandemic, the world as we know it has changed. The way we interact with each other, conduct our businesses and trade, travel, educate our children and earn our livelihoods will be different.



55. To ensure our economy adapts to this new reality, I am directing the Ministers of Industry, Trade and Investment, Communication and Digital Economy, Science and Technology, Transportation, Aviation, Interior, Health, Works and Housing, Labour and Employment and Education to jointly develop a comprehensive policy for a “Nigerian economy functioning with COVID-19”.



56. The Ministers will be supported by the Presidential Economic Advisory Council and Economic Sustainability Committee in executing this mandate.



57. I am also directing the Minister of Agriculture and Rural Development, the National Security Adviser, the Vice Chairman, National Food Security Council and the Chairman, Presidential Fertiliser Initiative to work with the Presidential Task Force on COVID-19 to ensure the impact of this pandemic on our 2020 farming season is minimized.



58. Finally, I want to thank the members of the Presidential Task Force on COVID-19 for all their hard work so far. Indeed, the patriotism shown in your work is exemplary and highly commendable.



59. Fellow Nigerians, I have no doubt that by working together and carefully following the rules, we shall get over this pandemic and emerge stronger in the end.



60. I thank you all for listening and may God bless the Federal Republic of Nigeria.

RabbiDoracle:
AEX Amsterdam
BIST Istanbul
Tadawul Saudi Arabia
Nikkei Tokyo.

Oya spot the difference

We wait for that of NSE

Joevics:
Not just brokerages, the FDA in SA licenses Investment firms. Read up oga.

So if someone cannot start a business in Nigeria, because there's no regulations for it?
You create regulations when a business becomes prevalent.

Moreover, SEC has been talking about creating forex regulations since 2018.

Just mention one company under regulation in SA that does the same thing that MBA is claiming to be doing.

ogwuche4u:
Ogbeni Pluto, I know you are looking for someone to convince you beyond reasonable doubt so that you can invest with MBA. But guess what, you dey on your own. If you like invest, if you like, don't invest. The choice is always yours to make.
As for me, I have learnt not to argue with your kinds again. I mind my business and enjoy my ROI

Na today?
Enjoy your money while it last!

Joevics:
You guys keep repeating this nonsense of no government regulations. How is it MBA's fault that SEC has refuse to enact any regulation for FX.

South Africa had, Angola and many other countries with lower daily trades than Nigeria has FX regulations.

But the SEC has refused to do anything about it despite its promises in 2018.

What MBA forex is doing can only happen in a country with no rule of law.
You don't just start collecting deposit from unsuspecting public without getting regulatory approval in the name of forex trading..
Getting approval is the first thing and not the other way round.

Most of the companies licensed in some of the countries you mentioned are brokers and we all know MBA is not a brokage company.

brightk:
Bros relax make piple show u d way. People de double dia capital here in one month. Plus minus losses dem still de cashout.

When I see a scam, I can easily spot it.
I have never said MBA is not paying people what they promised at least for now.
My argument is that they are not giving ROI based on what they said they do, I.e forex trading.
If you have any proof to show that they are actually trading forex you can bring it out.

Plus10:
With this it shows that you are still a kid in the financial world.I was just wasting my time on a noivace like you who does not want to learn.

You have nothing to offer.
If you understand forex,nobody will tell you that what MBA forex does with your money is not forex trading.

Plus10:
I don't why some people will just argue on subject they know nothing about.Who told you banks have the sole right to issue out rates on their own without CBN being involved? Have you heard of CBN MPC?

There is nothing you want to tell me about banks that is not open to the public.
It is only those who are involved in shady deals that will be secretive about what they do.

The information about banks performances are in public domain. If you have that of MBA forex you can post it.

gentlegenius:
When you put your money in any bank investment, like fixed deposit, etc... Do you know what business the bank do to pay you returns? You think they only focus on loans? For your information, banks trade Forex (pls google this). Have you ever seen the trade history of banks? Yet reasonable people still invest in banks even when they know that banks trade Forex.
I am beginning to suspect that you are the same person I decided not to quote again here, so this is the last time you'll be getting my attention here.

And how much do banks pay you as ROI? If it is that easy why are they not promising investors the same bogus ROI??

And besides, banks publish their annual reports every year.
With that you can see how much they make from different instruments.
Since MBA started, have you ever seen their financial reports??
It will interest you to know that some banks actually loose money on forex instruments.

gentlegenius:
I don't know why you guys keep recycling the same argument here...
The chief argument maker here said earlier that he's going to retire, but it is obvious to me that he will never get tired here. I've decided not to quote him again, even though I have more facts to prove some of his opinions wrong.
Now that you've decided to join him, you need to gather your facts very well before you write anything about MBA. It is better to keep quiet than to lay false accusations against someone's business.
I know more about MBA than you do.
15% is not the only ROI package they have, there's 10% and 5% packages. MBA reserved the right to alter any of these profit offers at will. I always told people that with such right, the worst that can happen to investors is for MBA to reduce their profit to whatever they find comfortable, instead of running away with our money. This is why even their staffs are investing with them. I know someone that invested more than 5million and earns 10% ROI. FOREX trading is not the only business MBA does. They have training schools where people pay 150k to learn Forex. How can you claim they are not trading Forex when they are even teaching others how to trade Forex? MBA have other businesses(pls do research about this since you have nothing productive to do with your time). I know two top staffs of MBA that took loans to invest there. You don't know SCAM companies than bankers. My father's account manager at Diamond bank is a seasoned and experienced banker with deep knowledge of fraudulent schemes and investments. He has been warning my dad about some fraudulent schemes around, but when my dad started investing with MBA last October, he was the one that transferred 3 million naira to MBA account. He was just looking at my dad wondering who told him about MBA. I didn't hear him warn my dad about MBA. That was a proof that some banker even have investment with MBA. Don't tell me you know fraudulent schemes more than these bankers. For your information, my dads ROI (450k) was always timely; it was only last month that they delayed it for 2 day. He told them to return his capital along with his last ROI this month, and that was done 2 days ago... I wish I can lay hands on his phone right now to show you proofs that he got his capital back. How many SCAM companies will stop top up and still return your capital after nearly 3 years in operation? Which SCAM company will operate openly and spread their offices to almost all parts of the country?
MBA is not only operating in Nigeria... Here are their offices in the UK and UAE...
https://googleweblight.com/i?u=https://sparktweets.com/mbaforex-org/&hl=en-IN&f=1&tk=12130727246687413710&rqid=-A6UXs3ZMpKb-QG2_K7oDw&pid=4

So because a banker invested in a scheme you now think that is a legitimate business.
The same set of bankers that could not save diamond bank!

I asked a question, if you have an answer tell me. Has anyone seen MBA forex trading history

gentlegenius:
Now that you are sounding like you want to retire from here, I am trying my best to disengage you from further futile arguments, but I just can't overlook the way you misrepresent some facts here...
Forex trading companies exist abroad and even here in Africa, but it is regulations that stop them from paying 15% or more to their investors. It is not because they cannot pay that consistently, it is because if government allow them to pay that, the banks will suffer lack of funds as everyone will withdraw everything they have in the bank to invest in those companies. The government had to save the banks by imposing tough regulations on such trading companies. One of such regulations is to give them a limited payable ROI that is not too far from what the banks had to offer.
Because Nigeria is not a sane country, the SEC is reluctant to regulate Forex trading in Nigeria. They simply harass only those companies whose owners had no connection in government. I heard some top government officials in this country are investors in MBA, and this may be one of the reasons they haven't disturb MBA for over two years now. I am telling you that if government can regulate Forex and allow a company like MBA to keep paying up to 15% Roi to their investors, MBA can sustain it. If someone like me can sustain more than 15% profit from my own trades, then experts with more trading capital, more trading skills and more trading experience can do more.
This will be the last time I will quote you here, so that you can finally RETIRE.

Forex trading companies in other countries are not promising 15% ROI because they are actually trading and not because regulations stop them from doing that.
What a genuine forex trader will promise is to share profits and investors can easily follow their trade so you know how much they are making.

Has anyone seen the trade history of MBA forex?
Why some of us are disturbed by their action is because they are hiding under forex trading to hoodwink the unsuspecting public to part with their money.

It is a matter of time, it will eventually burst!

yom2:
that's why I still think that total lock down is not the best approach especially for a fragile economy like ours. U may lock down for 6months and there will still be coronavirus. What we need is more preventive and containment measures

For those countries that have the capacity to manage an outbreak, that approach might be reasonable.
Nigeria should try as much as possible to contain it no matter what it takes.

RabbiDoracle:
I have the feeling that Q1 will not be impacted on so much by this event.

It is Q2 that I feel that there could be revenue impact if it extends beyond April.

I also don't think there will be much impact in q1.
We will surely begin to see the impact from q2.

RabbiDoracle:


If you stay at home, those infected will naturally die off and those who can survive it will develop immunity against it.

Cases are still very few in a Nigeria. If cases remain low like this, it then shows that temperature seems to slow the virus down.

The government understand the situation better than the populace, majority of who think there is no corona in Nigeria.
If we can contain it, good for everyone, if we get to the level of outbreak in the communities, the effect is better imagined than said....God save our dear country.

RabbiDoracle:
Bro, you don't seem to understand what people are stocking up.

Did you hear that companies couldn't cope with the manufacture of condoms?

Some odd things were out of stocks

People learnt that cologne disinfects the hand against covid 19, dem also buy hot drinks to disinfect the throat

Brewers may have hedged that risk knowing that they faced one in 2014 to 2016.

Nigeria is different from obodo oyinbo countries o.
People here are more concerned about what they will eat.

As from q2 when these companies release their results(God, spearing our lives)we will get to see where they are....

RabbiDoracle:


300+ cases pere.

We are moving to the level of community spread....the next two weeks will be critical.

RabbiDoracle:
Food, drinks, banks, FMCG, Telecos.

People will drown themselves in beer highness to reduce coro panic.

You must eat and stock up anything. So more sales for the food companies. Same with FMCG that a member mentioned here. You must keep lots of toothpaste, soap, cleaning substances. While others are not making it, these companies will make it.

And above all, you need to be swiping in stores to buy things. So you must spend the one you have in thd bank. Banks are still in business in this time.

I am only positive about telecoms and banks in Nigeria.
The breweries will feel the impact of forex shortage,reduced sales and contracting margin as what people are consuming now are mostly products from small players who are not listed.
For foods,producers of noodles will benefit greatly and my top pick here is indomie if the company is listed.

RabbiDoracle:
Just 1 week of closure in 9ja and you are saying all these will happen .

This is my 4th week on lockdown. Yet market dey trade well here.

Definitely an extended lockdown will affect business in Nigeria. But I don't think 9ja will lockdown for 4 weeks. A longer period of lockdown will lead to serious hunger and breakdown on societal security.

If we are lucky for a successful containment after 4 week lockdown ,we should be thankful....

emmanuelewumi:
Zenith bank is bigger than GTB, although GTB is more efficient than Zenith bank

You are right sir, already bigger than GTB and they have the highest shareholders fund in the industry.
I have my reservation about them acquiring Union bank as this might probably result in reduced efficiency making them to lag more behind GTB.

Krisuba:
God bless ur hussle d day market decide to face south. U will see 1million turn to hundred k. Then u will remember ur employer!!

Starting with millions in jijo or trading is suicidal.
If he wants to learn, he should start small and with time he will be able to tell by himself if jijo can sustain somebody or not.

Enyinne:
funny though how all this goes .i almost jumped down from wapco bus after buying at 12. 80k and after some minute saw it down at 12.45 . I felt as if I made a mistake and also contemplated selling it immediately to cut loss . Stock can play tricks with our mind though esp for newbie like me .
Thanks to all the Oga’s in the house . U all are the real MVP .

Chasing a moving train might not be the best approach for a newbie.

kintus:
I think those Morgan guys are not serious.

I have sent a mail to them requesting for account opening form, yet no one has responded.

Please, is there another way I can go about this?

I already have *a Chaka* account but I can't do much on it. Na online something and I don't want stories that touch.

Meritrade is easy but they charge higher commission.

dinyelutochukwu:
This matter might take another dimension that was never anticipated. Gov.Wike that I know will not back down easily. I hope for the sake of those pilots that this matter is laid to rest.

Wike is a clown.....

https://www.nairaland.com/5782876/carverton-helicopters-premises-sealed-off