₦airaland Forum

You want to chop without analysis?
Please humor me...

iHaveMadeiT2:
Our business this 2024 is not to do too much analysis. Rather it is to wash our hands and chop with the billionaires

whats driving airtelafrica? Any ideas

lionshare:
whats driving airtelafrica? Any ideas

which airtel Africa?

The one with just 19 deals and price did not move as of now?

KarlTom:
Like I said yesterday, same thing is currently happening with NASCON.
The MM are kings of the business of manipulation.
Raise the last price to maximum then commence trades of less than 100k units at 'full offer rate'
So far over 6million units of the almost 10million traded today have been at 64naira or below...



The BUAFOODS game is an open challenge to DANGFOODS.
There's a gold mine here.
I am just skeptical about what the entry price of DANGFOODS will be...

NASCON back to base. This game is for the patient

Dong. Market closed. The FBNH bull no come market today. No last minute clearance of offers today See bears sneaking in FBNH Bull come back joor the market needs you.

iHaveMadeiT2:
NASCON back to base. This game is for the patient

glad i sold everything at the top and repurchased with all money at the base of 60

"Ladies First", na the language of guy, wey want to survey nyash.

CBN

Boshins:
https://nairametrics.com/2024/02/27/breaking-cbn-raises-mpr-to-22-75-up-400-basis-point/

i pity for business men with bank loans

Madam good afternoon,
This fx loss they confuse me self, I wondered if u could some thoughts on the reasons for this loss. I thought Sugar is from sugar cane well grown in the north. Or we they import this? Also, does this fx affects Bua food. Thank u

yMcy56:
I think market reactions has to do with their results.....

Fantastic result is expected from NASCON..
If you check thru the Q3 result, it seems SALT made the revenue of the whole 2022 in Q3 already; Q4 will send the revenue high up.....
* Just saying this offhand, may not be accurate, e don tey wey I scan thru the result....

As for SUGAR, FX loss will impact on the result...

But Overall, both will be fine in the short/medium to long run......Merger news will take care of whatever difference that may be btw them.
I think opportunity is just presenting itself to those who are yet to enter the bus.
*My personal opinion*

OBAGADAFFI:
CBN

More shedding for the stocks ?

sterlingD:
More shedding for the stocks ?

hmmmm....Companies result and declaration of dividends will help the market breath...

sterlingD:
More shedding for the stocks ?

But it was expected. No surprises

Return of the bear (Remix)

Enjoy the Gbedu

vacanci:
i pity for business men with bank loans

They will pass the cost to consumers

Boshins:
hmmmm....Companies result and declaration of dividends will help the market breath...

I thought that by now results would have started rolling out

emmanuelewumi:
They will pass the cost to consumers

and then inflation keeps rising.

Are they not supposed to bring down the inflation?

What is the implications of this for Jaiz?l am just seeing it on ngx site.

They'll start trickling in from mid-march with the bulk of results expected by march ending (based on the info in the release calendar)...

sterlingD:
I thought that by now results would have started rolling out

Still higher than DS though...

iHaveMadeiT2:
NASCON back to base. This game is for the patient

vacanci:
which airtel Africa?

The one with just 19 deals and price did not move as of now?

up 10% this month when others are shedding value.

Owoblowblow:
Madam good afternoon,
This fx loss they confuse me self, I wondered if u could some thoughts on the reasons for this loss. I thought Sugar is from sugar cane well grown in the north. Or we they import this? Also, does this fx affects Bua food. Thank u

If you head to the website of the Nigerian National Bureau of Statistics, you can download their compiled foreign trade statistics for each year and quarter. For Quarter 1 of 2023, they imported "Cane sugar, meant for sugar refinery" worth 75.8 billion naira. In Q2 2023, the imports were 111.6 billion naira, and in Q3 2023 they were 157.3 billion naira. Q4 should be along the same lines, though I don't have the Excel sheet as it was not available when I downloaded the others.

This is a country with a large population and vast lands o ...

I don't know the exact percentage, but I am quite sure Dangote Sugar imports a significant amount from Brazil. They import using dollars, so any rise in the dollar exchange rate will translate to losses if they purchased those inventories on credit. This is because they now need to pay more naira for the same import quantity.

Is there similar data for palm oil on the NBS site?

ositadima1:
If you head to the website of the Nigerian National Bureau of Statistics, you can download their compiled foreign trade statistics for each year and quarter. For Quarter 1 of 2023, they imported "Cane sugar, meant for sugar refinery" worth 75.8 billion naira. In Q2 2023, the imports were 111.6 billion naira, and in Q3 2023 they were 157.3 billion naira. Q4 should be along the same lines, though I don't have the Excel sheet as it was not available when I downloaded the others.

This is a country with a large population and vast lands o ...

I don't know the exact percentage, but I am quite sure Dangote Sugar imports a significant amount from Brazil. They import using dollars, so any rise in the dollar exchange rate will translate to losses if they purchased those inventories on credit. This is because they now need to pay more naira for the same import quantity.

ojesymsym:
Is there similar data for palm oil on the NBS site?

The Excel sheet has many pages with different categories ranging from imports to exports. I have attached the sheet for Q3 2023. You can get the other quarters from the site. Too heavy, go to

nigerianstat . gov . ng/elibrary/read/1241419

.

Oga Osita, thank you for this detailed explanation. Nah wah, do much money spent on products we can grow local. I remember buying and eating sugar cane regularly from mallams.
Your style come resemble oga oracle small 😜

ositadima1:
If you head to the website of the Nigerian National Bureau of Statistics, you can download their compiled foreign trade statistics for each year and quarter. For Quarter 1 of 2023, they imported "Cane sugar, meant for sugar refinery" worth 75.8 billion naira. In Q2 2023, the imports were 111.6 billion naira, and in Q3 2023 they were 157.3 billion naira. Q4 should be along the same lines, though I don't have the Excel sheet as it was not available when I downloaded the others.

This is a country with a large population and vast lands o ...

I don't know the exact percentage, but I am quite sure Dangote Sugar imports a significant amount from Brazil. They import using dollars, so any rise in the dollar exchange rate will translate to losses if they purchased those inventories on credit. This is because they now need to pay more naira for the same import quantity.

Thanks a lot

ositadima1:
The Excel sheet has many pages with different categories ranging from imports to exports. I have attached the sheet for Q3 2023. You can get the other quarters from the site. Too heavy, go to

nigerianstat . gov . ng/elibrary/read/1241419

Also, can the cost of production not be passed onto the customers? This constant lost is not acceptable. Thank u

ositadima1:
If you head to the website of the Nigerian National Bureau of Statistics, you can download their compiled foreign trade statistics for each year and quarter. For Quarter 1 of 2023, they imported "Cane sugar, meant for sugar refinery" worth 75.8 billion naira. In Q2 2023, the imports were 111.6 billion naira, and in Q3 2023 they were 157.3 billion naira. Q4 should be along the same lines, though I don't have the Excel sheet as it was not available when I downloaded the others.

This is a country with a large population and vast lands o ...

I don't know the exact percentage, but I am quite sure Dangote Sugar imports a significant amount from Brazil. They import using dollars, so any rise in the dollar exchange rate will translate to losses if they purchased those inventories on credit. This is because they now need to pay more naira for the same import quantity.

Owoblowblow:
Also, can the cost of production not be passed onto the customers? This constant lost is not acceptable. Thank u

Shebi 2 cubes of sugar is now 50 naira abi 100 naira. Lol.

stocks no dey reign again! na money market dey hot now

Dey play...

toyeoye:
stocks no dey reign again! na money market dey hot now