₦airaland Forum

ojesymsym:
If enaira is adopted, (at least to the extent I understand enaira) then banks will no longer enjoy many of those charges they used to enjoy from our transfers.

Banks always find ways to make money in different situations..

yMcy56:
Banks always find ways to make money in different situations..

Even if na to steal dem go steal

Latest Tbills auction results not looking good ..Think few banks div yeild are better

Check out: https://www.nairaland.com/6083759/save-time-money-automating-nairaland

Check out: https://www.nairaland.com/6083759/save-time-money-automating-nairaland

lancee:
Latest Tbills auction results not looking good ..Think few banks div yield are better

Since 2016 T-bills have been unattractive.

yMcy56:
DANGCEM
** Another share buy-back possibly coming........subject to shareholders approval at the EGM (Extra-Ordinary General Meeting) coming up on 13th December, 2022
** 10% share buy-back representing 1.687Billion ordinary issued shares.....
** Pls read the terms very well and understand the conditions attached to the buy-back........
** This post is for info purpose only.....
https://doclib.ngxgroup.com/Financial_NewsDocs/37237_DANGOTE_CEMENT_PLC%20_NOTICES_OF_EXTRA%20ORDINARY_GENERAL_.pdf

Another set of Share buy-back representing 10% of issued share capital approved by shareholders at the EGM
https://doclib.ngxgroup.com/Financial_NewsDocs/37305_DANGOTE_CEMENT_PLC%20RESOLUTION_PASSED_AT_THE_EXTRAORDIN.pdf

I think risk takers should pick some to dine with Alhaji if not yet seated in the bus.........and be ready to be patient to go medium to long term.......DD applies.

ZENITH.......buy pressure
GTCO......sell pressure
ARDOVA......trading at +10%.... day's high..16.75..closed 16.70
LEARN AFRICA, NEIMETH......getting investors'attention
CHAMS.....Bus still at car park
NESTLE.......Sell pressure still persist
**Just market observation for today**

DrAwo:
Thanks for the kind words and encouragement... It means a lot to us...

As per the Eurobonds, I'm not quite sure which specific Sovereigns he was referring to but I know that the yields on Nigeria's Eurobonds were as high as 12% last month. Not quite sure what it is now... See the picture below for the yields as at November.

The challenge with the Eurobonds were s that the minimum amount required to directly participate is quite prohibitive (for me, that is). It can be as high as $200,000. You can speak with the large asset management companies and I'm sure they can hook you up with them.

For little people like myself, buying an Eurobond Mutual fund is a good way to enter that sphere. The minimum amount needed to buy into such mutual funds vary depending on which firm one is speaking with. I'll advice that one shops around and one should get a firm that's willing to deal with people like us.

I hope this helps...

Where can I buy the Eurobond you listed?

United Nations General Assembly voting : Towards a new international economic order

Voted for : 123

Voted against : 50

Abstained: 1

Check out the split in the votes at the UNGA meeting. The emerging world vs the developed world. The 85% population vs the 15% population.

Lots of countries seem very tired of the current economic order.

RabbiDoracle:
United Nations General Assembly voting : Towards a new international economic order

Voted for : 123

Voted against : 50

Abstained: 1

Check out the split in the votes at the UNGA meeting. The emerging world vs the developed world. The 85% population vs the 15% population.

Lots of countries seem very tired of the current economic order.

The emerging world should have some respect for the people that made many many things possible.

If not for them we wouldn't have made this much progress. We wouldn't have vehicles, airplanes, computers, internet, mobile phones. Or huge reduction in mortality rates from advancements in moder medicine.

The west practically invented the world economy when most of d emerging nations were still running around butt nacked.

RabbiDoracle:
United Nations General Assembly voting : Towards a new international economic order

Voted for : 123

Voted against : 50

Abstained: 1

Check out the split in the votes at the UNGA meeting. The emerging world vs the developed world. The 85% population vs the 15% population.

Lots of countries seem very tired of the current economic order.

Please what is the vote about in very simple terms. I can See BRICS voted against it.

BabsO2:
Please what is the vote about in very simple terms. I can See BRICS voted against it.

BRICS didn't vote against it, they voted for it. Even Nigeria voted for it.

It is about "A new international economic order".

https://press.un.org/en/2022/ga12482.doc.htm

Excerpts from the attached

The Assembly adopted the resolution “Towards a New International Economic Order” by a recorded vote of 123 in favour to 50 against with 1 abstention (Türkiye). By its terms, the Assembly expressed concern over the increasing debt vulnerabilities of developing countries, the net negative capital flows from those countries, the fluctuation of exchange rates and the tightening of global financial conditions, and in this regard stressed the need to explore the means and instruments needed to achieve debt sustainability and the measures necessary to reduce the indebtedness of developing States.

You can read more from the UN link or you can visit the UN site. Attached is the map of countries showing the voting pattern. This is concerning in my opinion and shows level of dissatisfaction amongst the 80%.

Just watch how the bonds of developed markets will trade.

RabbiDoracle:
BRICS didn't vote against it, they voted for it. Even Nigeria voted for it.

It is about "A new international economic order".

https://press.un.org/en/2022/ga12482.doc.htm

Excerpts from the attached

The Assembly adopted the resolution “Towards a New International Economic Order” by a recorded vote of 123 in favour to 50 against with 1 abstention (Türkiye). By its terms, the Assembly expressed concern over the increasing debt vulnerabilities of developing countries, the net negative capital flows from those countries, the fluctuation of exchange rates and the tightening of global financial conditions, and in this regard stressed the need to explore the means and instruments needed to achieve debt sustainability and the measures necessary to reduce the indebtedness of developing States.

You can read more from the UN link or you can visit the UN site. Attached is the map of countries showing the voting pattern. This is concerning in my opinion and shows level of dissatisfaction amongst the 80%.

Just watch how the bonds of developed markets will trade.

This is what can play out from this. In order for the West to scuttle the moves of BRICS, SCO, MINT or whatever economic acronym they form, the West could intentionally devalue the dollar so that the emerging markets get stronger again and these concerns of EM currency volatilities abates and they(EMs) will not have the appetite to start reinventing the wheel (i.e forming or joining new currency bloc). This, however, will lead to more pain to dollar holders/speculators.

ositadima1:
The emerging world should have some respect for the people that made many many things possible.

If not for them we wouldn't have made this much progress. We wouldn't have vehicles, airplanes, computers, internet, mobile phones. Or huge reduction in mortality rates from advancements in moder medicine.

The west practically invented the world economy when most of d emerging nations were still running around butt nacked.

The lies you were fed. How did they achieve all these?

Agbalowomeri:
The lies you were fed. How did they achieve all these?

Google is your friend but if you are in doubt check this article on wikipedia:
https://en.wikipedia.org/wiki/Timeline_of_historic_inventions

See how the modern era starting from the 17th century is dominated by the west.

look very well at the picture bellow, for all we know that man could be ur great great grand father in 1879.

ositadima1:
Google is your friend but if you are in doubt check this article on wikipedia:
https://en.wikipedia.org/wiki/Timeline_of_historic_inventions

See how the modern era starting from the 17th century is dominated by the west.

look very well at the picture bellow, for all we know that man could be ur great great grand father in 1879.

You do not get the point. How did they achieve those? By exploiting the same regions you are quick to condemn

RabbiDoracle:
BRICS didn't vote against it, they voted for it. Even Nigeria voted for it.

It is about "A new international economic order".

https://press.un.org/en/2022/ga12482.doc.htm

Excerpts from the attached

The Assembly adopted the resolution “Towards a New International Economic Order” by a recorded vote of 123 in favour to 50 against with 1 abstention (Türkiye). By its terms, the Assembly expressed concern over the increasing debt vulnerabilities of developing countries, the net negative capital flows from those countries, the fluctuation of exchange rates and the tightening of global financial conditions, and in this regard stressed the need to explore the means and instruments needed to achieve debt sustainability and the measures necessary to reduce the indebtedness of developing States.

You can read more from the UN link or you can visit the UN site. Attached is the map of countries showing the voting pattern. This is concerning in my opinion and shows level of dissatisfaction amongst the 80%.

Just watch how the bonds of developed markets will trade.

Thanks for the clarification.
I can see two big ticket items from this short brief.

1. Debt sustainability issues of some developing nations
2. Capital Outflows from some developing nations

Number 1 looks like a problem developing nations really need to address by themselves. Why do they accumulate unsustainable debt. Looks like those in power in developing nations don't really have the interest of their nations. Perhaps a simplistic perception as even the USA debt also looks unsustainable. But the US debt can be managed by printing money. While the developing nations debt can only be managed by mortgaging resources. Thereby compounding their future Capital Outflows. Globally it will be ideal debts are forced to be only usable for growth activities (investments) that can return value (future cashflow streams in the borrowed currency or in a strong internationally traded currency) and not for consumption purposes that passes the burden of repayment to the coming generation.

Agbalowomeri:
You do not get the point. How did they achieve those? By exploiting the same regions you are quick to condemn

I am not looking down on any one o.
Exploitation is universal, it is every where you go.

BabsO2:
Thanks for the clarification.
I can see two big ticket items from this short brief.

1. Debt sustainability issues of some developing nations
2. Capital Outflows from some developing nations

Number 1 looks like a problem developing nations really need to address by themselves. Why do they accumulate unsustainable debt. Looks like those in power in developing nations don't really have the interest of their nations. Perhaps a simplistic perception as even the USA debt also looks unsustainable. But the US debt can be managed by printing money. While the developing nations debt can only be managed by mortgaging resources. Thereby compounding their future Capital Outflows. Globally it will be ideal debts are forced to be only usable for growth activities (investments) that can return value (future cashflow streams in the borrowed currency or in a strong internationally traded currency) and not for consumption purposes that passes the burden of repayment to the coming generation.

These are a few ways smart countries reduce their debt burden:

Increase economic growth: One way to generate more value is to stimulate economic growth, which can be done through measures such as investing in infrastructure, education, and research and development. A growing economy can increase tax revenues and make it easier for a country to pay off its debts.

Export more: Another way to generate more value is to increase exports, which can be done by promoting domestic industries or by negotiating trade deals with other countries. Exporting goods and services can bring in foreign currency, which can be used to pay off debts.

Attract foreign investment: Attracting foreign investment can also be a way to generate more value. Foreign investors may be attracted to a country with a stable political and economic environment, a skilled workforce, and a favorable business climate.

Increase productivity: Improving productivity, or the amount of output produced per unit of input, can also help a country generate more value. This can be done through measures such as investing in technology and training workers.

And that is why countries like the USA are able to print money as a quick short term strategy. They do all d above.

ositadima1:
These are a few ways smart countries reduce their debt burden:

Increase economic growth: One way to generate more value is to stimulate economic growth, which can be done through measures such as investing in infrastructure, education, and research and development. A growing economy can increase tax revenues and make it easier for a country to pay off its debts.

Export more: Another way to generate more value is to increase exports, which can be done by promoting domestic industries or by negotiating trade deals with other countries. Exporting goods and services can bring in foreign currency, which can be used to pay off debts.

Attract foreign investment: Attracting foreign investment can also be a way to generate more value. Foreign investors may be attracted to a country with a stable political and economic environment, a skilled workforce, and a favorable business climate.

Increase productivity: Improving productivity, or the amount of output produced per unit of input, can also help a country generate more value. This can be done through measures such as investing in technology and training workers.

Nice and sharp bolded points. Looks like China used a similar script to pull itself out of poverty.

BabsO2:
Thanks for the clarification.
I can see two big ticket items from this short brief.

1. Debt sustainability issues of some developing nations
2. Capital Outflows from some developing nations

Number 1 looks like a problem developing nations really need to address by themselves. Why do they accumulate unsustainable debt. Looks like those in power in developing nations don't really have the interest of their nations. Perhaps a simplistic perception as even the USA debt also looks unsustainable. But the US debt can be managed by printing money. While the developing nations debt can only be managed by mortgaging resources. Thereby compounding their future Capital Outflows. Globally it will be ideal debts are forced to be only usable for growth activities (investments) that can return value (future cashflow streams in the borrowed currency or in a strong internationally traded currency) and not for consumption purposes that passes the burden of repayment to the coming generation.

If the EMs govt can't use their debts gotten from developed nations effectively, then a new strategy should be for the lenders to build the investment for the EMs and tell the EMs to manage it and then pay them returns till the debts are offset. Just like the strategy China's Belt and Road Initiatives is involved in. This also involves training the local manpower to manage the infrastructures built by the lender (in this case Chinese). That way it becomes a win-win for both the lender and the borrower and there will be a positive wealth effect impacted on the EM population.

However, what we see is loans doled out and these monies misappropriated back to the Lending countries which these sovereign lenders don't frown upon and will gladly receive it with open arms. This creates a spiraling level of unproductive debts, malinvestments, unskilled local workforce and continual hardship on the EM population. Maybe the sane EM govts are now seeing that they prefer infrastructural investment (like the Chinese belt and road type) rather than loans which could be misappropriated back to the lending coubtries.

You must not mortgage resources to clear debts in a well arranged scenario. The lenders' motives, maybe, isn't for you to be developed economically and technologically but rather to be under sustained debt burden and be perpetually dependent on them.

A new strategy should be to build for them, locals manage it and then pay back the lender from the returns the EM govt get from those infrastructures. And that is why those countries in Africa, Oceania, are not happy with the way US and other Western lenders have acted in the past. All of a sudden, the Western sovereigns now wants to act right as could be seen in the meeting US had with many African leaders this week.

Once this is done, capital outflow will reduce and it will be a net positive wealth effect on the EMs.

https://businessday.ng/companies/article/nigerias-sec-says-to-rebuild-e-dividend-platform/

These people have started again. I hope we won't have to start filling forms that we've done before. Still having issues finding some 'shareholder account numbers' for e-dividend mandate

ZENITH: Sighted @24.75.......Up with +1.25!......some profit taking ongoing in-between...
GTCO: After dumping down to 20.50 yesterday, is trying to keep pace again......back to N21....
PZ: Renewed interest......maybe due to Q2 release...and also the juicy special Dividend of N1 previously announced as a result of sale of assets....
NEIMETH: Also doing well sighted @1.45 so far...
NGXGROUP: Slowly climbing up from recent low of 17, sighted @24.10 as at now.....

.
E Ku market o.

Court Convicts Aluko-Kola, Registrars for N206.5m Stocks Fraud
https://businesspost.ng/economy/court-convicts-aluko-kola-registrars-for-n206-5m-stocks-fraud/

NGX Lauds Red Star Express’ Efforts to Improve Earnings
https://businesspost.ng/economy/ngx-lauds-red-star-express-efforts-to-improve-earnings/

NGX Reminds Newly Inducted Brokers of Zero-Tolerance Policy on Infractions
https://businesspost.ng/economy/ngx-reminds-newly-inducted-brokers-of-zero-tolerance-policy-on-infractions/

Senator Suggests N100 as Highest Denomination in Circulation
https://businesspost.ng/economy/senator-suggests-n100-as-highest-denomination-in-circulation/

SEC to Rebuild e-Dividend Platform to Reduce Unclaimed Dividends
https://businesspost.ng/economy/sec-to-rebuild-e-dividend-platform-to-reduce-unclaimed-dividends/

Court Orders Sale of Company’s Assets to Repay Unity Bank Loan
https://businesspost.ng/banking/court-orders-sale-of-companys-assets-to-repay-unity-bank-loan/

NGX Regco Intensifies Capital Market Sustainability Agenda
https://businesspost.ng/economy/ngx-regco-intensifies-capital-market-sustainability-agenda/

emmasoft:
To start ask yourself some of this questions
1. Why do I want to invest
2. What do I want to achieve
3. Can I take risk
4. Do I want to make money very quick or do I have ability to wait and get it slow and steady
5. What does investment actually mean to me
6. I'm I ready to learn by reading and experience
7. Can I control my emotions enough to still be cool headed if I lose all my investment or I made a gain of say 100% or more

Answer the questions objectively and
that will lead you to the next step of reading materials on investment, including posts on this thread and asking relevant questions.

Remember investment is a culture that one builds over time it's not a one-off thing.

Thanks, drop you contact please

Tohmey:
Thanks, drop you contact please

Check my signature my phone number is there.
You can call/chat or send me a pm.

This can only be possible and sustainable with good leadership with a strong foundation.

ositadima1:
These are a few ways smart countries reduce their debt burden:

Increase economic growth: One way to generate more value is to stimulate economic growth, which can be done through measures such as investing in infrastructure, education, and research and development. A growing economy can increase tax revenues and make it easier for a country to pay off its debts.

Export more: Another way to generate more value is to increase exports, which can be done by promoting domestic industries or by negotiating trade deals with other countries. Exporting goods and services can bring in foreign currency, which can be used to pay off debts.

Attract foreign investment: Attracting foreign investment can also be a way to generate more value. Foreign investors may be attracted to a country with a stable political and economic environment, a skilled workforce, and a favorable business climate.

Increase productivity: Improving productivity, or the amount of output produced per unit of input, can also help a country generate more value. This can be done through measures such as investing in technology and training workers.

Dangote Cement Well-positioned For Positive, Sustainable Future—Dangote
https://businesspost.ng/economy/dangote-cement-well-positioned-for-positive-sustainable-future-dangote/

NPF MfBank Director Repurchases Stocks Month After Selling One Million Units
https://businesspost.ng/economy/npf-mfbank-director-repurchases-stocks-month-after-selling-one-million-units/

Unlisted Securities Market Appreciates by 0.14%
https://businesspost.ng/economy/unlisted-securities-market-appreciates-by-0-14/

High FX Transactions Weaken Naira by 0.04% at I$E
https://businesspost.ng/economy/high-fx-transactions-weaken-naira-by-0-04-at-ie/

I Won’t Allow Anyone Steal Pension Funds Under My Watch—PenCom DG
https://businesspost.ng/general/i-wont-allow-anyone-steal-pension-funds-under-my-watch-pencom-dg/

Wema Bank Increases Benefits on Royal Kiddies Account
https://businesspost.ng/banking/wema-bank-increases-benefits-on-royal-kiddies-account/