UkwuAmu:

If it makes money for us, why should we care ? you think those people know if you exist?

UkwuAmu:

Bros stop counting other people's money . na poor man mentality be that

Ades1:



😂😂😂😂 poor man, calling other poor…. CEO of of a public company spending more than he makes but we should not ask questions? No wonder Naija is where it is and almost hopeless.

Ades1:



😂😂😂😂 poor man, calling other poor…. CEO of of a public company spending more than he makes but we should not ask questions? No wonder Naija is where it is and almost hopeless.

essentialone:
The Central Bank of Nigeria (CBN) has taken a proactive step to address outstanding foreign exchange (FX) forward contracts to restore confidence in Nigeria's economy. Specifically, it is reported that the apex bank has commenced the disbursement to several banks and airlines, effectively clearing the backlog. This action underscores the government's commitment to stabilizing the naira. In response, the naira at the official window (NAFEM) appreciated week-on-week by 1.78% to settle at NGN776.14/USD. Additionally, the Senate has approved a supplementary budget of NGN2.17trn for 2023, with a deficit of NGN6.25trn (c. 3.39% of the country's GDP). This supplementary budget allocation, which addresses critical national priorities, includes NGN605bn allocated for bolstering security and national defense efforts. We expect that this budget will assist in confronting ongoing security challenges effectively and stimulate economic growth in the country. On corporate actions, Stanbic IBTC Holdings Plc (STANBIC) announced that its banking subsidiary, Stanbic IBTC Bank, has been reregistered as a private limited company, effective October 31, 2023. Importantly, this transition maintains the bank's status as a wholly owned subsidiary STANBIC, with no alterations in ownership, shareholding structure, or core business objectives. The re-registration is primarily intended to streamline the bank's legal entity, eliminating any prior confusion in the market where investors and the public often incorrectly identified the bank as the listed entity rather than STANBIC. Furthermore, GlaxoSmithKline Consumer Nigeria Plc (GLAXOSMITH) has received approval from the Securities & Exchange Commission (SEC) to propose a Scheme of Arrangement to shareholders to dissolve GSK's business. Under the terms of the Scheme, all outstanding shares of GLAXOSMITH will subsequently be cancelled, while all shareholders (except GSK UK) will receive a total cash distribution of NGN17.42 per share owned.

Presently, GSK is at N12.40. Expect it to be on Full Bid by Monday. If one can get it now at 12.40, you get to pocket 40.50% gain on your invested capital.

Capitas7:


The path/route to success of any top official of a tier 1 bank who cannot raise N500million by using their resources (access to loans with privileged terms, returns on aging investments, relationships, sales/lease of assets, etc) to key into a sighted opportunity/investment might be questionable.

emmanuelewumi:





Should be able to conviniently raise N1 billion to harness emerging opportunities

UkwuAmu:
Pa Ewumi , I don talk my own finish. Na poor men dey count big men money .

essentialone:
https://www.icirnigeria.org/how-elumelus-heirs-holdings-borrowed-n41-8bn-from-uba-at-far-lower-than-market-interest-rate/

emmanuelewumi:





Really what is the market rate.

Na animal farm , we are not equal.


The higher the risk of the loan going bad and lack of enough collateral security, the higher the interest rates. It can be higher than 28% per annum.


For secureɗ loans you can get at 18% to 21%.


Big companies like MTN, Dangote etc can even get at lower rates


If you have a fixed deposit which you don't want to liquidate prematurely but you pledged it as a collateral ie cash backed loan you can get at 12% sef.



Again Tony can ask United Capital to package a commercial paper or corporate bond for him at 15% and below.


All these journalists wey no sabi wetin dey happen

Hedgefunds:
Any news for INTENEGINS .
Has anyone received payment yet.

Hedgefunds:
https://doclib.ngxgroup.com/Financial_NewsDocs/39845_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_NOVEMBER_2023.pdf


EXIT AT 17.42

emmanuelewumi:




GSK should be able to gain close to 10% tomorrow.

emmanuelewumi:




GSK should be able to gain close to 10% tomorrow.

emmanuelewumi:

GSK should be able to gain close to 10% tomorrow.

Kreos44:

It'll probably peak at 16 by Friday. By then people who are not willing to wait will start selling

emmanuelewumi:





Really what is the market rate.

Na animal farm , we are not equal.


The higher the risk of the loan going bad and lack of enough collateral security, the higher the interest rates. It can be higher than 28% per annum.


For secureɗ loans you can get at 18% to 21%.


Big companies like MTN, Dangote etc can even get at lower rates


If you have a fixed deposit which you don't want to liquidate prematurely but you pledged it as a collateral ie cash backed loan you can get at 12% sef.



Again Tony can ask United Capital to package a commercial paper or corporate bond for him at 15% and below.


All these journalists wey no sabi wetin dey happen

emmanuelewumi:



Are they still in business?

emmasoft:


Norrenberger has bought a controlling stake in the company.
IEI is the insurance arm of Norrenberger right now.

Hedgefunds:


They are yet to pay shareholders .

megawealth01:
Nigerian billionaire Femi Otedola sells $6.4 million worth of Geregu Power shares

https://billionaires.africa/2023/11/02/nigerian-billionaire-femi-otedola-sells-6-4-million-worth-of-geregu-power-shares/?fbclid=IwAR3Jraq2piZB33Td680UwQPEuQrxWlcbZH4czd1kJIgE9Sz87IfCsL-pAJA

Interesting indeed grin