₦airaland Forum

yMcy56:
Oga Lancee, could see you smiling well yesterday....
We've not been reading complaints from Nsempas on GT and ZEE again....

* Close to Ñ2bn transactions done in GT and over N2bn done in ZEE so far......no be small thing....

.. slow and steady.. No complaints for now sis

ACCESS
ACCESS Holdings grows profit by +306%!
https://punchng.com/access-holdings-grows-profit-by-306-as-assets-hit-n26tn/

NAIRA CONTINUES GAINS...
1,300 @Official rate....
1,320 at parallel market...
https://www.thisdaylive.com/index.php/2024/03/28/naira-continues-gain-closes-n1300-at-official-market-n1320-1-at-parallel-market

IKEJA HOTELS
A good one!
https://doclib.ngxgroup.com/Financial_NewsDocs/40663_IKEJA_HOTEL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

yMcy56:
Oga Lancee, could see you smiling well yesterday....
We've not been reading complaints from Nsempas on GT and ZEE again....

* Close to Ñ2bn transactions done in GT and over N2bn done in ZEE so far......no be small thing....

I just rem my oga Mende M...Dem days when zee must be sold off once good result is released ..we see how this yr goes

lancee:
I just rem my oga Mende M...Dem days when zee must be sold off once good result is released ..we see how this yr goes

Na the Ogas on top for ZENITH matter be that o.
Many things have changed actually.......we see how it goes this year....

IYGEAL:
You don't know that billions are being paid as subsidies for these things?

I don’t know pls explain how subsidy is being paid? To who ? By whom?

yMcy56:
Na the Ogas on top for ZENITH matter be that o.
Many things have changed actually.......we see how it goes this year....

Yeah we see ..zee struggling btw 20 - 28 those days ..things don change now (devalu ,fx revalu ,etc )

Dangote sugar and salt don show person pepper

IYGEAL:
You don't know that billions are being paid as subsidies for these things?

I do not know Please explain

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

too much pepper

lionshare:
what do you mean paying subsidies? Please explain

FX sales to BDC
Few days ago, N17bn was paid as subsidy for PMS imports on our behalf

Harvestock01:
How much fx do we spend importing refined petroleum products?

Please provide figures and your source

chillykelly86:
Next time, I suggest adding the organization behind this (Meristem); it adds more credibility.

I was not trying to be Credible. I was only passing information to all, except Cynics.

Good day everyone, am still new to this group and to the Nigerian stocks and been quietly observing things here. Kudos to the person who started this group and kudos to the contributors.
I would be posting my questions from time to time and would continue to observe and learn from you guys here. Thank you everyone.
Before I go please what’s with the astronomical daily rise of Juli pharmacy shares and can one buy it or not?
Thanks for the anticipated response(s)

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

unfortunately if you sell it now, what stocks will you buy when most have moved, unless you keep your money and wait for stocks to dip hopefully.

It is also very likely that as soon as you sold off, merger news or update can happen and you start regretting not being on the train.

if you are not in a hurry, its better to wait it out. Remember the most important skill about making a kill in the stock market, it's called PATIENCE.

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

And person no fit sell...

Nvednutfr33:
Good day everyone, am still new to this group and to the Nigerian stocks and been quietly observing things here. Kudos to the person who started this group and kudos to the contributors.
I would be posting my questions from time to time and would continue to observe and learn from you guys here. Thank you everyone.
Before I go please what’s with the astronomical daily rise of Juli pharmacy shares and can one buy it or not?
Thanks for the anticipated response(s)

Since you're new to stocks, my small recommendation is to stay away from companies you cannot explain their rise, those are for the experts.

Find companies with very good fundamentals, question everything, do your own research before putting your hard earned money into anything.

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

toyeoye:
FX sales to BDC
Few days ago, N17bn was paid as subsidy for PMS imports on our behalf

Alright, if you consider FX sales to BDCs as a subsidy, how much is this subsidy worth?

Could you share a link that supports the existence of this N17 billion fuel subsidy?

defebe:
And person no fit sell...

lionshare:
Alright, if you consider FX sales to BDCs as a subsidy, how much is this subsidy worth?

Could you share a link that supports the existence of this N17 billion fuel subsidy?

Make a point or DYOR

toyeoye:
Make a point or DYOR

It's on you to back up your claim by explaining the reasoning or research behind it.

The information available publicly doesn't align with your subsidy claim, so provide evidence by specifying the exact subsidy amount, recipients, and providers.

lionshare:
It's on you to back up your claim by explaining the reasoning or research behind it.

The information available publicly doesn't align with your subsidy claim, so provide evidence by specifying the exact subsidy amount, recipients, and providers.

On me? Okay hold on compatriot, I dey come

BabsO2:
I get that. That's why I referred to the picture attached first.

I hope it's not the JSE news that made OANDO to lose 75kobo this morning

Oando bargain hunters quickly closed the sell out gap by 35 kobo .

toyeoye:
On me? Okay hold on compatriot, I dey come

Thank you, and please don't leave us hanging.

toyeoye:
FX sales to BDC
Few days ago, N17bn was paid as subsidy for PMS imports on our behalf

Na for which beer joint you get this information,lol.Nobody is subsidising any dollars to bdc..Is #1251 really cheap in the first place to sell dollars to bdc....haba guy.
Then on fuel subsidy. The money from crude is used to buy refined fuel and not naira. It is nnpc that is importing the fuel and can tell the cost associated with it.Therefore nobody can say if it is subsidized to us in naira or not.If we had private participation in fuel importation we could claim it is subsized based on how much they buy dollars And imported fuel for consumption has dropped significantly not that bloated figure

Streetinvestor2:
Na for which beer joint you get this information,lol.Nobody is subsidising any dollars to bdc..Is #1251 really cheap in the first place to sell dollars to bdc....haba guy.
Then on fuel subsidy. The money from crude is used to buy refined fuel and not naira. It is nnpc that is importing the fuel and can tell the cost associated with it.Therefore nobody can say if it is subsidized to us in naira or not.If we had private participation in fuel importation we could claim it is subsized based on how much they buy dollars And imported fuel for consumption has dropped significantly not that bloated figure

Lol @ beer joint...
I am also optimistic the Naira will be strengthened and eventually be exchanged according to it's true value but for now o, #1,251 low and is artificially capped, so the CBN is subsidising. Our currency is merely a means of exchange and not a store of value. Now if you also say that pms is not subsidised, I cannot be bothered...

Up Naira! please collect your gold medal from the moderator, you win.

lionshare:
Thank you, and please don't leave us hanging.

The problem is you think we are arguing or debating. Please remove yourself from the hanger for God's sake

toyeoye:
Lol @ beer joint...
I am also optimistic the Naira will be strengthened and eventually be exchanged according to it's true value but for now o, #1,251 low and is artificially capped, so the CBN is subsidising. Our currency is merely a means of exchange and not a store of value. Now if you also say that pms is not subsidised, I cannot be bothered...

Up Naira! please collect your gold medal from the moderator, you win.

You're wasting your time with these people jare. In here, I am the biggest Naira advocate but even in my sleep I can see the game the CBN is playing with this dollar thing. They're literally playing the same game Emefiele played and lost. That $$ they borrowed to sell to BDC will finish then what?

I have never exchanged my naira for Dollar EVER, but that is about to change.

toyeoye:
Lol @ beer joint...
I am also optimistic the Naira will be strengthened and eventually be exchanged according to it's true value but for now o, #1,251 low and is artificially capped, so the CBN is subsidising. Our currency is merely a means of exchange and not a store of value. Now if you also say that pms is not subsidised, I cannot be bothered...

Up Naira! please collect your gold medal from the moderator, you win.

Your logic is very strong. Pmb government was subsizing and sold at 400 plus.And this government is subsizing and selling at #1251. Then black market price was #700 plus which was the true value of naira. And now black market value is #1300 down from #1900
The question you should ask yourself what changed in our production and consumption within this time frame..
Does it not tell you naira is going back to its true value which was btw 700- 800 since nothing has changed in our consumption/production. Or you want me to believe #1900 was the true value of naira even when nothing changed beside government saying we are no longer selling at 400 plus based on subsidy .

Please who has received Afriprud dividend?

toyeoye:
The problem is you think we are arguing or debating. Please remove yourself from the hanger for God's sake

Up to this point, I have not countered your claim; I have simply requested that you provide the source of the information you are putting forward.

CBN approval now takes ages. What is causing the delay abeg?