₦airaland Forum

DeRuggedProf:
Champion Breweries' transacted volume today versus free float.
Free float = 320,151,638
Traded Vol = 300,933,511.
Difference = 19,118,127.

Sunrisepebble:
Like I said, majority shareholder is selling. They’re the only ones with such volume

DeRuggedProf:
Champion Breweries' transacted volume today versus free float.
Free float = 320,151,638
Traded Vol = 300,933,511.
Difference = 19,118,127.

Streetinvestor2:
I can bet on that going forward. It will be a graduall thing.Thr is no reason for it to have gone this far.I only pray to get more cash and position in some selected stock.What has happened to naira is like covid 19.It is what happens occasionally. Other devaluation has always been gradual thing. I expect things to begin adjusting to the reality and after that things will pick back...my opinion as street man.Alhaji refinery must have effect on our economy very soon

emmaodet:
I doubt naira won't keep sliding against the dollars because of our huge dollar/euro bonds/loans.
They want to borrow more for 2024 budget deficits and 2025 budget is also planned for more dollars bond/loans raising.
I still don't know why countries are not managed like personal finance.
Naturally, you can't spend more than your salary else you will end up in jail or street and this is how country is meant to be run.
You have to run your budget according to what you have earned and forecast to end in a year. Not just borrowing to infinity.
If am earning 500k per month, the logical thing is to spend within my limit and if I want to collect a cooperative or loan from bank, they will run my present earning and give a fraction of what I will earn maybe in 5 years time.
10m loan payable in 5 years deducting 200k from my salary monthly. Not just reckless borrowing and borrowing from different parties - imo, world bank, afrim bank etc

Sunrisepebble:
Like I said, majority shareholder is selling. They’re the only ones with such volume

essentialone:
https://twitter.com/ParikPatelCFA/status/1537854576652652544?t=kqah86MF2P1IBcPPghHS1w&s=08

Can’t buy crypto because it’s too risky
Can’t buy stocks because of treasury yields
Can’t buy bonds because of inflation
Can’t buy real estate because of interest rates

Investing is a tough




ATTENTION TO ALL OUR ASPIRANTS.

In case you don't know the root cause of our problems today, please take time out and read below:

As of 23/04/2022, the exchange rates were:

£1 = ₦783
$1 = ₦560
€1 = ₦670

42 years ago, precisely on 23/04/1980 the exchange rate was:
$1 = 0.78k

Are you surprised?

Well, we were far more productive in 1980 than we are today.

In 1980 the key reasons for economic growth were as follows:

1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.

2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.

3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.

4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:

5. Vono products in Lagos produced the vehicle seats.

6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.

7. IsoGlass and TSG in Ibadan produced the windshields.

8. Ferrodo in Ibadan produced the brake pads and discs

9. Dunlop produced Tyres in Lagos and Mitchelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.

10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.

11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.

12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.

13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .

14. Our toilets were fitted with WC produced in Kano and Abeokuta.

15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.

16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.

17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna.

18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time.

19. Most of the foods we ate were grown or produced in Nigeria.

We were producing all of the above and many more in 1980

Today, we import almost everything. Isn't that alarming?

There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.

We have been talking about these problems and more for ages.

It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:

1. What are we producing now?
2. What role are our so- called Leaders/ Politicians of today playing?

We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse.

To our dear Politicians, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.

ENOUGH IS ENOUGH !!!

Please share widely on all platforms for Nigerians especially youths to know the critical role to play with the fixing of Nigeria.

megawealth01:

megawealth01:

yMcy56:
You quoted this long story just to put a smiley
You could have just "Share" or "Like" it nah.
The rate we are using the pages of this thread is alarming these days
Small time we go exhaust the 10k pages o.
You know I'll always state my opinion anyway....

toyeoye:
Top 10 gainers and losers
#Real-time

parisbookaddict:
good day to you, please what website did you source the screenshots for the top 10 gainers and losers
from

yMcy56:
and megawealth et al
You quoted this long story just to put a smiley
You could have just "Share" or "Like" it nah.
The rate we are using the pages of this thread is alarming these days
Small time we go exhaust the 10k pages o.
You know I'll always state my opinion anyway....

yMcy56:
You quoted this long story just to put a smiley
You could have just "Share" or "Like" it nah.
The rate we are using the pages of this thread is alarming these days
Small time we go exhaust the 10k pages o.
You know I'll always state my opinion anyway....

Raider76:
So there's a 10k page limit? What happens after we reach that?

The software of Nairaland is long overdue for updating. Full quote is no longer the way you respond to posts. You can see one way they do it on Reddit.

unite4real:
No. there is no such limit.

Youngzedd:
MTN if you ask me

yMcy56:
You quoted this long story just to put a smiley
You could have just "Share" or "Like" it nah.
The rate we are using the pages of this thread is alarming these days
Small time we go exhaust the 10k pages o.
You know I'll always state my opinion anyway....

Payunsin:
I want to sell my UBA I bought at ₦24 and load chams this morning.

designking:
Currently have 10million units of Universal Insurance. I have been buying a million units every month for several months now.

I love that it just remained stable in ₦0.33/₦0.34 allowing me to stockpile.

OakPearl:
Please can Cardinal Stone users advise me how to make deposit? Newly registered on the app and can’t find their account details both online and in the welcome email
Thanks in advance.

Redoil:
among japaul, Cutix and MTN which on do you think will be more profitable in the next 6 months

yMcy56:
MTNN
Followed by JAPAUL
The next 6 months is in the hands of God anyway...