₦airaland Forum

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

Ades1:
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.

BabsO2:
The 2022 Accounts are scheduled to be approved by the Board of Oando PLC on or before the 15th of April 2024 and will thereafter be sent to the Financial Reporting Council of Nigeria for regulatory approval prior to its release to the market. The interim results for 2023 will also be released to the market soon after the 2022 Accounts are published.
https://doclib.ngxgroup.com/Financial_NewsDocs/40697_OANDO_PLC-OANDO_PLC_-PRESS_RELEASE_CORPORATE_ACTIONS_MARCH_2024.pdf

Ades1:
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.

Ades1:
They’re working bros 😂😂😂😂😂. Just cross your legs and wait 🤦🏽‍♂️

maishai:
The Dangote refinery never came on board.........
It's expected to be fully up by Dec 2024

Zagee:
Japaul in loss. But overall, good to see significant improvement from its operations. We watch.

All these FUGAZes.

Locotrader:
When I raised the alarm on the 2 quarter's which wasn't good, shebi una want throw me stones. I know the end will be loss. I am still not expecting good Q1 here. Their major source of income is now dwindling.....

Zagee:
Japaul in loss. But overall, good to see significant improvement from its operations. We watch.

All these FUGAZes.

Boshins:
bro, check the report well..

Prolificlife:
NIGERIAN AVIATION HANDLING COMPANY PLC proposed dividend of ₦2.54

I saw this in a group

onegentleguy:
BREAKING...

@cenbank unveils new minimum capital requirements for banks, gives a 2 yr timeframe for recapitalization.

International Spread: N500B
National Spread: N200B
Regional: N50B
Merchant Banks: N50B
Non-Interest Banks (National): N20B
Non-interest (Regional): N10B

Deadline:.March, 2026.

It is well

lionshare:
If you're asked to clarify the supposed game now, you might vanish like the person before you. It seems like a half-baked pseudo-economist proposed the subsidy and borrowing money to sell to BDCs narrative that you are parroting; you all should think independently. To aid your thinking, the total sales to BDCs were approximately $15 million per week* (assuming it's weekly), while the daily turnover of the FX market stands at $200 million. Hopefully, this provides some clarity.

Boshins:
https://nairametrics.com/2024/03/28/fg-to-grant-mining-licenses-to-only-companies-that-process-locally/

Locotrader:
What I saw earlier has disappeared.
Stop doing argument on what you don't know

https://doclib.ngxgroup.com/Financial_NewsDocs/40717_JAPAUL_GOLD_AND_VENTURES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

emmanuelewumi:
I just read that the trending news is false

Mpeace:
I doubt if the fugaz will have any difficulty meeting these requirements.

Penboy:
They won't.

LordAdam16:
Attached is the state of the country's FX reserves.
Source: https://www.cbn.gov.ng/IntOps/Reserve.asp

In just about 8 days, the reserve declined by $400M.
That is N500B. Wiped off so you can import toothpick and wigs at a cheaper rate.
And we're just getting started.

That is the very real cost of Cardoso's shenanigans.

-Lord

chipa:
Read through the release from CBN. For the new minimal capital base the only recognize capital is paid capital and share premium. Retained capital, shareholder fund and other retained capital are not recognize. That means all banks are coming to the market to raise funds.
To be Frank with you there will be a lot of pumbing of bank share price. So try to be in the banks so that when they are pumping the bank share price your funds in the share will also be pumped up. This is my 2 Kobo advice.