₦airaland Forum

Is the stock back for trading on Monday, people have said they can see it in their CSCS

Princkez:
TRANSCORP q3 2024 will be a bomb....#100+ loading

ositadima1:
You are right - but in the meantime, it will appear less inflated. Isn't it ironic when someone mentions one million naira as if it's a significant amount, yet it can barely buy an ordinary lady's motorcycle?

But the absolute numbers don't matter so far your economy is functioning and there's no inflation, and you are not crazy about dollars. Take the case of Indonesia. The exchange rate is 15,965 Indonesian Rupia to $1. Nearby Malaysia is about 4 Ringgit to $1. The two economies are doing fine and Indonesians are doing Japa.

Sunrisepebble:
Is the stock back for trading on Monday, people have said they can see it in their CSCS

I can't see it oo. The CSCS login portal has even refused to work since yesterday.

Sunrisepebble:
Is the stock back for trading on Monday, people have said they can see it in their CSCS

People have access to CSCS? How do I have access too?

ositadima1:
Let's be discussing with understanding. If the minimum wage was ₦30,000 and is now ₦70,000, consider how many federal and state government workers there are in Nigeria. Multiply those numbers and you'll see where these figures are coming from.

Now, everyone is talking about minimum wage, but do you realize some people's salaries will increase from ₦10 million to ₦14 million per year, while others will move from ₦4 million to ₦6 million, depending on their level?

I don't understand the arguments you and the other person are making. Even if they only add ₦1,000 to your salary, your purchasing power is now higher than before - at least you can afford an additional bottle of Hero beer.

May God infinitely bless you.

I became confuse why @gina can't see this. Salaries have gone up 100%+ and she is saying it won't affect people's purchasing power.

There will be more money in the economy and this money will also affect businesses positively.

You can create an account using this link:
https://portal.cscs.ng/home/login

Access fee costs about ₦3500 p.a.
The site is currently down

Me4bas:
People have access to CSCS? How do I have access too?

Bbb007:
Please nairalander, what is the p2p crypto platform to sell $10,000 and above amount of usdt. Bybit is cap at 10k USD.

Use www.topupgold.com

Raider76:
But the absolute numbers don't matter so far your economy is functioning and there's no inflation, and you are not crazy about dollars. Take the case of Indonesia. The exchange rate is 15,965 Indonesian Rupia to $1. Nearby Malaysia is about 4 Ringgit to $1. The two economies are doing fine and Indonesians are doing Japa.

This matters significantly for a country like Nigeria, especially coming from a period when 1 dollar was worth less than 200 naira. While the actual numbers don't directly impact the economy, a lower numerical value for the naira could inspire confidence in Nigerians, encouraging them to appreciate their currency and work to improve rather than work against the economy.

Currently, most people are stocking up on dollars, thereby making things worse.

How does it make you feel about the naira when you need to pay almost 1 million naira for a motorcycle that you used to buy for below 200 thousand? In my opinion, the benefit is more psychological.

God forbid, may that never befall us.

megawealth01:
If NAIJA make that kind Ghana mistake then it is a gonna

This is why you have to go big or go home (if you have the means) in whatever you believe in. While one can become rich with kobo kobo investing, it’s a slow process of getting there ala Mr W Buffet. I personally have nothing against that method but like he correctly says no one wants to get rich slowly. This doesn’t mean gambling either, I’ve mentioned patience many times. 4 or 5 jijo opportunities present themselves every year, you don’t have to catch everyone, can just be one. I missed Oando but in Aradel and with proper leverage I’ve made a killing for myself.

designking:
I started buying Nigeria stocks after I discover this thread.

I have learnt a lot from the good, the bad and the ugly. I take every side of discuss very seriously here.

One thing I have personally realised is that to make good money on the NGX, one need to invest at least a million naira per stock on your portfolio. Some stock movement might not happen again in a lifetime.... When these big moves happens, it ought to set you up financially but if you invest little, the share price fantastic movement will only give you peanut.

I was reviewing my portfolio this morning, I realised that my Ellah Lake shares have done almost 100% ROI but Na just one bag of rice I can buy with that fantastic movement. I used only about 2% of my portfolio to purchase the Ellahlake.

I don't want to make that same mistake with Access Bank.

megawealth01:
If NAIJA make that kind Ghana mistake then it is a gonna

It wasn't the rescaling of the currency that caused Ghana's problems. Let me remind you that the Ghanaian government was taking loans without concrete plans on how to repay or service them, which backfired as they eventually defaulted on many loans. (He dey news well well that time)

I'm not sure about your perspective on this, but I wanted to clarify this point. It's always better to make clear, specific points rather than vague comments so that others can understand your approach.

atigro:
God forbid, may that never befall us.

AMEN

ositadima1:
This matters significantly for a country like Nigeria, especially coming from a period when 1 dollar was worth less than 200 naira. While the actual numbers don't directly impact the economy, a lower numerical value for the naira could inspire confidence in Nigerians, encouraging them to appreciate their currency and work to improve rather than work against the economy.

Currently, most people are stocking up on dollars, thereby making things worse.

How does it make you feel about the naira when you need to pay almost 1 million naira for a motorcycle that you used to buy for below 200 thousand? In my opinion, the benefit is more psychological.

You still don't get the point. When you misdiagnosed your problem you come up with the wrong solution. The exchange rate is a symptom not the disease. The disease is a non functional economy that doesn't generate enough jobs for it's citizens to earn a living. If you can do that and have a very low inflation where prices are stable the exchange rate will be stable, and people will not bother about the numerical values.

Raider76:
You still don't get the point. When you misdiagnosed your problem you come up with the wrong solution. The exchange rate is a symptom not the disease. The disease is a non functional economy that doesn't generate enough jobs for it's citizens to earn a living. If you can do that and have a very low inflation where prices are stable the exchange rate will be stable, and people will not bother about the numerical values.

You may not be concerned, but I am, and others are too. That's what you yourself don't seem to understand (about the numerical value...).

You speak as if I don't comprehend Nigeria's problems - the unemployment, bad governance, corruption, and so on. I'm an adult like you (with bills to pay like you), living in Nigeria, so of course I understand these issues.

My argument is that a scaled-down version of the naira will likely give people more confidence in their currency, something that's lacking now. This has been my argument all along. I never claimed rescaling was the solution - you said that.

If you can revisit my first post, you'll see that you've been responding to your own assumptions about what I said, not my actual points.

Toluway:
Rabid'oracle is not the only Oracle na

Ok. Just wanted to confirm. Thanks

phadriz:
We now have a tax collector as president, Taiwo Oyedele new tax reform will be implemented which will be strange to the system.
Yes, I agree that Nigerians could act like coward, but you need to remember the COVID-19 palliative looting during Endsars. An hungry man is an angry man. Also remember the unrest in Asia and possible impact it could cause to the world economy if not well managed.
My prayer is for the market to be bullish but we need to consider negative factors also.

I don't think the tax reforms will affect the masses who could coalesce a viable protest. The cadre of people who will be most affected are those who largely are "afraid to die".

As for unrest due to deteriorating standard of living, I doubt anything serious in that regard would materialize. There's a fear among most elites to galvanize towards any concensus, maybe for fear of victimization/persecution. I believe a considerably national elite concensus is necessary for the success of any mass action.

chillykelly86:
I don't think the tax reforms will affect the masses who could coalesce a viable protest. The cadre of people who will be most affected are those who largely are "afraid to die".

As for unrest due to deteriorating standard of living, I doubt anything serious in that regard would materialize. There's a few among most elites to galvanize towards any concensus, maybe for fear of victimization/persecution. I believe a considerably national elite concensus is necessary for the success of any mass action.

Because most people behave like sheep and lack independent thinking, divided by tribal loyalties, religious beliefs, and local political interests.

Youngzedd:
Use www.topupgold.com

Thanks bro, im not seeing where i can deposit funds to sell. Do you know if there's wallet or account?

Let me lend a voice to this discourse. The 100% or so wage increase is actually a ruse and deception. The category of workers that will benefit that 100 % is infinitesimally small, if there is at all. By the government's consequential adjustment magic, most junior workers will get less than 50%, most middle workers will get less than 30% raise, while most senior workers will get less than 20%. When you juxtapose that with the astronomical increase in goods, food, transport, services, and other parameters of cost living, workers' purchasing power is actually nosediving, and far from increasing. He who wears the shoe knows where it pinches, I challenge anyone to do a finding on workers' living condition; it is worse than pathetic. In fact, I am doing this typing with a heavy heart. So, no one should think the wage thing will positively impact the economy, market, business, or company bottomline. Pls visit:
https://economicconfidential.com/2024/09/minimum-wage-adjustments/

Ginalex:
Mr. Osita, I expect you to understand that the increase in salaries and wages (which most times happens once a year)is nothing compared to how much the prices of goods and services have increased. Heck what you bought for 1 naira today, has more than doubled in a month such that most have resort to buying less quantity for same price compared to what they could afford before. While some others can't even afford even half of what they're used to because despite the so called "increase" in salaries, but in real terms have lesser purchasing power. Same goes for those that their "4m" salary increased to "6m". Their tastes don't even have to change for them to realize that they can no longer easily afford what they're used to.

Divineability:
Let me lend a voice to this discourse. The 100% or so wage increase is actually a ruse and deception. The category of workers that will benefit that 100 % is infinitesimally small, if there is at all. By the government's consequential adjustment magic, most junior workers will get less than 50%, most middle workers will get less than 30% raise, while most senior workers will get less than 20%. When you juxtapose that with the astronomical increase in goods, food, transport, services, and other parameters of cost living, workers' purchasing power is actually nosediving, and far from increasing. He who wears the shoe knows where it pinches, I challenge anyone to do a finding on workers' living condition; it is worse than pathetic. In fact, I am doing this typing a heavy heart. So, no one should think the wage thing will positively impact the economy, market, business, or company bottomline. Pls visit:
https://economicconfidential.com/2024/09/minimum-wage-adjustments/

Walahi talahi... You get it. cc @designking @ositadima1

Ginalex:
Walahi talahi... You get it. cc @designking @ositadima1

My argument is not about staff welfare but the economy and businesses.

My question is... Will businesses make more revenue post or pre salary increase?

Let's look at my landlord... Before Salary increase, my rent was ₦3million per annum but recently he informed me that my new rent due in January is ₦4million. He cited the new minimum wage increase. So he just moved from ₦3m to ₦4m.

I still insist that a Cadbury share price pre minimum wage increase will be higher post minimum wage increase if all other things remains constant.

Don't waste your time on this topic.

You can not wake someone who pretend sleeping, you can only wake someone who is asleep.

Divineability:
Let me lend a voice to this discourse. The 100% or so wage increase is actually a ruse and deception. The category of workers that will benefit that 100 % is infinitesimally small, if there is at all. By the government's consequential adjustment magic, most junior workers will get less than 50%, most middle workers will get less than 30% raise, while most senior workers will get less than 20%. When you juxtapose that with the astronomical increase in goods, food, transport, services, and other parameters of cost living, workers' purchasing power is actually nosediving, and far from increasing. He who wears the shoe knows where it pinches, I challenge anyone to do a finding on workers' living condition; it is worse than pathetic. In fact, I am doing this typing with a heavy heart. So, no one should think the wage thing will positively impact the economy, market, business, or company bottomline. Pls visit:
https://economicconfidential.com/2024/09/minimum-wage-adjustments/

All I know is we are having stock boom next yr.The dollars coming from Nigerians abroad will continue to increase. Nigeria will have more trade surplus. I have plenty friends in onitsha who have stopped importation because of rise in exchange rate.Some are already exporting one thing or the other. Many are planning and looking for what to export. The Chinese companies are relocating thr factories to naija in most buildings material I know.Why the cost of the little food we are cultivating because of insecurity is not coming down is because of increase in its export to earn
dollars. More containers are leaving with goods
than the number bringing in things. Nigerians are now buying made in nigeria provision,drugs and cosmetics than foreign.The economic situation is making every one to recalibrate just like the companies are going to do.The high exchange rate is equally a blessing in disguise. It is like looking at 6 from top/bottom angle. Somehow I am beginning to like it because it is going to help in our production level because everyone one is now thinking of what can I export to earn in dollars.
I live on the street and it is what I am seeing I am talking even my wife want to export garri next yr against her import from UK all these yrs
Next yr will equally be yr for massive agriculture for many because of hunger this yr.
Let God preserve our lives going forward as i Mark my BDay today..amen

"In the midst of movement and chaos, keep stillness inside of you..."

~ Deepak Chopra 🧘‍♀️

Happy birthday. LLNP

Streetinvestor2:
All I know is we are having stock boom next yr.The dollars coming from Nigerians abroad will continue to increase. Nigeria will have more trade surplus. I have plenty friends in onitsha who have stopped importation because of rise in exchange rate.Some are already export one thing or the other. Many are planning and looking for what to export. The Chinese companies are relocating thr factories to naija in most buildings material I know.Why the cost of the little food we are cultivating because of insecurity is not coming down is because of increase in its export to earn
dollars. More containers are leaving with goods than the number bringing in things. Nigerians are now buying made in nigeria provision,drugs and cosmetics than foreign.The economic situation is making every one to recalibrate just like the companies are going to do.The high exchange rate is equally a blessing in disguise. It is like looking at 6 from top/bottom angle. Some how I am beginning to like it because it is going to help in our production level because everyone one is now thinking of what can I export to earn in dollars.
I live on the street and it is what I am seeing I am. talking even my wife want to export garri next yr against her import from UK all these yrs
Next yr will equally be yr for massive agriculture for many because of hunger this yr.
Let God preserve our lives going forward as i Mark my BDay today..amen

One of the good policies by this government is demarketing importation and making export looking very lucrative, alot of money would be made by entrepreneurs and investors who can properly Identify companies that has connections with agriculture and also with exportation capacity.

Street, and others who knows about exporting local products abroad should please educate me.
Hbd street, wllnp, more greens to your portfolio.

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Streetinvestor2:
All I know is we are having stock boom next yr.The dollars coming from Nigerians abroad will continue to increase. Nigeria will have more trade surplus. I have plenty friends in onitsha who have stopped importation because of rise in exchange rate.Some are already export one thing or the other. Many are planning and looking for what to export. The Chinese companies are relocating thr factories to naija in most buildings material I know.Why the cost of the little food we are cultivating because of insecurity is not coming down is because of increase in its export to earn
dollars. More containers are leaving with goods than the number bringing in things. Nigerians are now buying made in nigeria provision,drugs and cosmetics than foreign.The economic situation is making every one to recalibrate just like the companies are going to do.The high exchange rate is equally a blessing in disguise. It is like looking at 6 from top/bottom angle. Some how I am beginning to like it because it is going to help in our production level because everyone one is now thinking of what can I export to earn in dollars.
I live on the street and it is what I am seeing I am. talking even my wife want to export garri next yr against her import from UK all these yrs
Next yr will equally be yr for massive agriculture for many because of hunger this yr.
Let God preserve our lives going forward as i Mark my BDay today..amen

Happy Birthday Chief

Ginalex:
Happy Birthday Chief

Are you in the medical field?

Alagbalaowo:
Please where is @Marketjjc and @Mankind001, it’s been a while reading their post

Respect 🙌 to every great persons keeping up this thread

My brother, thank you for your concern. I am appreciative. I am good. I have been a little bit away/inactive for three reasons:

1 just set up an electronics shop at onitsha international market and trying to put things together.

2 Just withdraw a little to read, read and read to upgrade my knowledge

3 Just got married yesterday and now in my honeymoon and na Oando do this one

I am grateful to Oando PLC and others for fast tracking things for me.

Going forward, na still trading 75% and investing for long term 25%.

We are still on course with our 1million to 1 billion naira ten years challenge and it is doable

Thanks and regards

megawealth01:
As for Marketjjc he probably has established a physical business from his loots while Mankind001is now more active in the US markets trend (group) where we both are members

senior bros, you must be a prophet.

An average Anambra man will always want to or look for shop and do importation

Streetinvestor2:
Jijo is no longer that lucrative here for someone..lol

Senior Elder, JIJO is still jijoing even though the pace might slow down but it is part of the journey . In science, we talk of average speed.

ARADEL oil still gave me cool 1million last week even at the heat of my wedding planning and it came in handy and sweet. Bought 5mil and sold 6mil in just two days, which blood money is better than that one