₦airaland Forum

Youngzedd:
As if the subscribers have options. Everyone will be fine, Nigerians will always adapt


Starlink isn't cheaper.

With 100% price increase on local ISPs, I see people making money using starlink which is unlimited. Money to MTN and Airtel shareholders.

It's like we're going back to the days of cyber cafe

emmaodet:
30% per annum/15% for 6 months

Streetinvestor2:
Try confirm well.I think the 30% is for the six months and not annum.

Valthegreat:
Please I appreciate all of you that have been making invaluable contributions here. I have really learnt a lot since yesterday that I have been going through this page.
Now I want to buy my first set of shares from the secondary market because I have only participated in IPOs during my university days but the economic downturn of the early 2000s that reduced most of the NSE investors' investments to tissue paper value got me annoyed, more so when I learnt how the actions of top management staff of the big firms in the exchange like Ibru and Atuche contributed to that I decided to leave Nigerian stocks for good.
However, the exposures here shows that I can still make money from Nigerian stocks.
My question now is where is the best place to buy from. In other words, how can I submit my bids.
I have tried bambo app and discovered that not all the stocks in NGX can be bought there, for instance I couldn't find CHAMS on bamboo.
Please where is the best source for seamless trading?

zendi:
Is Airtel Starlink distributor too.?
I know of MTN which is of same SA root with Elon.

You have not seen unlimited money until the arrival of Starlink-Direct-to-Smartphone Service which will be rolled out in Nigeria by these two companies.

awesomeJ:
Yes, your analogy makes much sense.

However. Take crude extraction. If it was 400 in 2022, my point is that today it's now 1800.

I mean IN 2022, 500 million barrels were extracted at $80 per barrel and #460 per dollar will translate to N18.4trn contribution to GDP.

...Why is agriculture being the largest contributor to GDP not showing at least 100% growth.

Valthegreat:
Please I appreciate all of you that have been making invaluable contributions here. I have really learnt a lot since yesterday that I have been going through this page.
Now I want to buy my first set of shares from the secondary market because I have only participated in IPOs during my university days but the economic downturn of the early 2000s that reduced most of the NSE investors' investments to tissue paper value got me annoyed, more so when I learnt how the actions of top management staff of the big firms in the exchange like Ibru and Atuche contributed to that I decided to leave Nigerian stocks for good.
However, the exposures here shows that I can still make money from Nigerian stocks.
My question now is where is the best place to buy from. In other words, how can I submit my bids.
I have tried bambo app and discovered that not all the stocks in NGX can be bought there, for instance I couldn't find CHAMS on bamboo.
Please where is the best source for seamless trading?

Youngzedd:
www.morgancapitalgroup.com

Streetinvestor2:
Try confirm well.I think the 30% is for the six months and not annum.

Locotrader:
My advice to all Nsempa members.

Use this bull or repricing season to gain financial freedom.

It is not good to invest or run a business on loan especially this time the interest rate is high.

At the end you make little or no profit.

I have been called for margin loans twice but I never care to listen to it because
I don't have the strength to gamble with another person's money.

emmanuelewumi:
Haba, you are not new in this business na. Interest rates are per annum.

Which you can always prorate

emmanuelewumi:
Haba, you are not new in this business na. Interest rates are per annum.

Which you can always prorate

Locotrader:
Plus admin expenses.
Anyway we are in a bull market but never like the stock you invested the money.Transcorp would have been better.

If I know you in person I would have given you that amount at 15% for 12 months duration without extra costs.

It's well sha

Streetinvestor2:
ok my oga.Why did they pick 6 months life span making it look suspicious

emmaodet:
Got a margin loan of 1m and asset backed loan of 2.5m from Ucee/Ucap seemlessly.
Processing time 3 days and payable in 6 months with an opportunity to rollover.
Bought Nahco 40,000 more units.
@ Oga emmaewunmi .. thanks for the awareness.

emmanuelewumi:
There loans are for 6 months after which you can rollover again.

Eg N1 million loan at 30% the interest will be 150k. To pay back N1.15 million at maturity.

He can pay the 150k interest and 500k of the Principal at maturity.

Can then rollover 500k for another 6 months

GeneralDae:
That’s why it’s a catch-22 situation. If Cardoso makes interest rate 20% today, that would be 14.6% negative for investors when looking at inflation of 34.6%.

In the absence of viable increase in major exports, Cardoso stabilised the exchange rate around 1500-1700 between June to December 2024 and it was mainly by FPI’s and remittances. The increase in FPI’s is due to the current 6% negative which is better than what we had in 2023.

In 2023, we had perhaps record low dollar inflows due to the fact that we took so long to increase rates to match inflation numbers. As a result, naira at the black market rate devalued fast from 750 to 1200 approximately between the corresponding period of June to December 2023.

HesInMe:
This is why my first point was that you have to be sure whether you're looking at real or nominal GDP. You did not clarify which one you quoted.

In the exports examples you pose, real GDP will not change simply because of currency devaluation. It measures the true underlying economic growth; the GDP deflator accounts for changes in local purchasing power as a result of devaluation. Nominal GDP, on the other hand, will rise from exports following devaluation, like you suggest. But for inputs consumed domestically, only the final value will be included in the calculation.

Locotrader:
Plus admin expenses.
Anyway we are in a bull market but never like the stock you invested the money.Transcorp would have been better.

If I know you in person I would have given you that amount at 15% for 12 months duration without extra costs.

It's well sha

emmanuelewumi:
There loans are for 6 months after which you can rollover again.

Eg N1 million loan at 30% the interest will be 150k. To pay back N1.15 million at maturity.

He can pay the 150k interest and 500k of the Principal at maturity.

Can then rollover 500k for another 6 months

Princkez:
please what's the interest rate

Streetinvestor2:
Try confirm well.I think the 30% is for the six months and not annum.

emmaodet:
Admin charges is 1%. Reason why i was given 990k and 2.475m.
Maybe we will work together in future.

emmanuelewumi:
Haba, you are not new in this business na. Interest rates are per annum.

Which you can always prorate

emmaodet:
30% per annum/15% for 6 months

Locotrader:
If he is rolling over 500k for another 6 months,he is expected to pay a huge sum of 300k at the end of the tenure for just N1 million loan and also asset backed on top.....

emmanuelewumi:
Interest on 500k will be 75k

chimex38:
The way they are pushing it, it will happen...
MTN is ready to fight it out this year...
They have already sold their Guinea Republic business.
So they won't now watch all their subsidies keep wallowing in losses.
Unfortunately for consumers, they have justifiable reasons.

Locotrader:
Oga Emma pls take a look,they have already worked the loan for him in 6 months.

He is expected to pay 150k for N1m and another 375k for N2.5m.(all in 6 months)

I think streetinvestor2 is right by asking him to confirm the interest rates given to him on these money

Then he is qualified to roll same amount over for another 6 months,will that one be for free?

Please confirm from the attached below