₦airaland Forum

SonofElElyonRet:
E tun nba kan bo pelu oro politics te nso.

mikeapollo:
This analysis is funny!
Why don't you blame Obasanjo, Yardua and all previous presidents for not floating the naira as well? Why blame GEJ alone? What about Buhari, did he float the naira?
What has been the result of floating the naira? Has it improved the lot of Nigerians and the economy at large?
If you care to know, you weaken your economic base to the advantage of external stakeholders when you float your currency but clueless governments in Africa do it because they think they would earn more from their exports and forgetting that their imports will be more badly affected with greater multiplier effect.
Have you asked yourselves why most European countries like UK refuse to float their currency? The Asians e.g. Chinese don't even float their currency even though they have excess local capacity and can afford to produce at very cheap prices and export. We in Africa import virtually everything so we cannot afford such.

Bovis:
Seems like you are disappointed with the good news that real inflation is falling and the people’s purchasing power is improving

https://punchng.com/food-prices-crash-by-40-in-kano-says-market-leader/?amp

SonofElElyonRet:
Access bank issues commercial paper. Ask your brokers

GeneralDae:
Abacha did not float, he left the official rate at 22 naira to a dollar until 1998 but the gap between the parallel market and official market only widened. The parallel market was then 88 naira to the dollar (4 times the official rate) as at 1998. The rates were unified in 1999. Why wasn’t it left at 22 naira?

Buhari also had to float the currency in 2016 after his adamant refusal to float in 2015 but he panicked when the parallel market rate moved again in 2017.

Buhari would have floated eventually in 2024 because the reserves were drying up and he even had to tie 7 Billion dollars out of it to JP Morgan in order to keep sustaining the naira.

Nobody wants to float, the problem is lack of dollars liquidity. This is why nations allow their currency stay at thesame level as the open market rates. With that, investors are sure that they could come in at the Bank rate and go out at the bank rate without losses. When there is dollar inflow, the open market rate would eventually converge with the official rate but how do you get the inflows short term if you can’t attract FPI’s consistently? How do you attract FPI’s consistently if you don’t float?

UAE is not floating. They are operating a fixed exchange rate but because they have the dollar reserves, their parallel market rate is thesame as the official rate.

So dollar liquidity is the key.

mikeapollo:
Buhari did not float the naira He only did gradual change of the exchange rate (devalued) from around N220 to about N350. around June 2016.
None of the past presidents ever floated the naira!
What they have done is to manage the exchange rate to ensure price stability.
Dont twist the facts!
Your TPain is the only one that floated the naira and the rate jumped from around N500 to N1,450 in one full swoop overnight. thereby throwing everything out of the window. The cpresident said he has increased allocations to state govts but the clueless mannot realize that states govts do not have the capacity or instruments to moderate macroeconomic issues like general inflation, exchange rate, cost of living, interest rates, fuel price etc which directly affect the lives and wellbeing of the general masses.

ololufemi:
E ma binu Sir. Politics ati Economics pa po ni o!

GeneralDae:
Abacha did not float, he left the official rate at 22 naira to a dollar until 1998 but the gap between the parallel market and official market only widened. The parallel market was then 88 naira to the dollar (4 times the official rate) as at 1998. The rates were unified in 1999. Why wasn’t it left at 22 naira?

Buhari also had to float the currency in 2016 after his adamant refusal to float in 2015 but he panicked when the parallel market rate moved again in 2017.

Buhari would have floated eventually in 2024 because the reserves were drying up and he even had to tie 7 Billion dollars out of it to JP Morgan in order to keep sustaining the naira.

Nobody wants to float, the problem is lack of dollars liquidity. This is why nations allow their currency stay at thesame level as the open market rates. With that, investors are sure that they could come in at the Bank rate and go out at the bank rate without losses. When there is dollar inflow, the open market rate would eventually converge with the official rate but how do you get the inflows short term if you can’t attract FPI’s consistently? How do you attract FPI’s consistently if you don’t float?

UAE is not floating. They are operating a fixed exchange rate but because they have the dollar reserves, their parallel market rate is thesame as the official rate.

So dollar liquidity is the key.

essentialone:
HISTORICALLY, THESE 28 ACTIVE COMPANIES DO NOT PAY DIVIDENDS. BESIDE THEM, IS THE YEAR THAT THEY LAST PAID ANY DIVIDEND. WILL ANY OF THEM PAY DIVIDEND THIS YEAR 2025?

1) Abbey Mortgage Bank Plc (2011)
2) Austin Laz & Company (has never ever paid Dividend)
3) Champion Breweries (1986)
4) Chams Plc (2019)
5) Daar Communications (has never ever paid Dividend)
6) Deap Capital Management & Trust (2009)
7) E-Tranzact International (2017)
8. Eunisell Interlinked Plc (1999)
9) FTN Cocoa Processors (2010)
10) Golden Guinea Breweries (1997)
11) Guinea Insurance (2010)
12) Japaul Gold and Ventures Plc (2014)
13) John Holt Plc (2005)
14) NCR Nigeria (2011)
15) Oando Plc (2014)
16) Omatek Ventures (has never ever paid Dividend)
17) Regency Alliance Insurance (2019)
18) Royal Exchange (2014)
19) RT Briscoe (2012)
20) SCOA Nigeria (2015)
21) Secure Electronic Technology (2008)
22) Sovereign Trust Insurance (2011)
23) Tantalizers Plc (2012)
24) Thomas Wyatt Nigeria (2011)
25) Union Dicon Salt (2001)
26) Universal Insurance Company (has never ever paid Dividend)
27) Veritas Kapital Assurance Plc (2017)
28) Wapic (Coronation) Insurance (2016)

Sincerely, if you are a lover of Dividends, you should avoid these 28 Companies completely. Unless a miracle happens, none of them will still pay any Dividend in this year 2025. Trade cautiously…

Sunrisepebble:
The fact that a bank is raising CP is not concerning to you? After just raising capital and with rates set to fall in the coming days
I sent a link here about Moody’s questioning their capability for all these acquisitions. This is what it looks like to me

ololufemi:
E ma binu Sir. Politics ati Economics pa po ni o!

megawealth01:
.. Dollars that America keeps minting like kilode

jamace:
Fellow investors, let's ease tension with these FUNNY DEFINITIONS OF SOME FINANCIAL TERMS.

Advertisement: A tool used by business to get money out of people that don't have it, for something that they don't need.

Alimony: Two persons mistake paid by one.

Auditor: Person that arrives after battle to finish off the wounded.

Bank: A place that will lend you money only when you don't need it.

Bear Market: Eight months when the kids get no allowance, the wife gets no jewelry and the husband gets no s3x.

Broker: The person that you trust with thousands of your hard earned dollars. Hello!

Broker: What my broker has made me.

Broker: Poorer than you were last year.

Budget: Written proof that you can't afford the things you want.

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Cash Flow: The movement your money makes as it disappears down the toilet.

CEO: Chief embezzlement officer.

CFO: Chief fraud officer.

Day Trader: A more socially acceptable gambling addict.

Discounted Stock: A stock that is less expensive than last month and more expensive than it will be next month.

EBIT: Earnings before irregularities and tampering.

EBITDA: Earnings before I tricked the dumb auditor.

EPS: Eventual prison sentence.

FRS: Fantasy reporting standards.

Institutional Investor: Past year investor who is now locked up in a mental institute.

Market Correction: The day after you buy stocks.

Momentum Investing: The fine art of buying high and selling low.

P/E Ratio: The percentage of investors wetting their pants as the market keeps crashing.

Profit: A man that prays to God.

Standard and Poor (S&P): Your life in a nutshell.

Stock Analyst: Idiot who just downgraded your stock.

Stock Market Correction: The term your broker uses for a stock market crash.

Stock Split: When your former wife and her lawyer split all your assets equally between themselves.

Value Investing: The art of buying low and selling lower.

Hope you enjoyed the fun?

Keep on investing, any way.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. -5.66%
OandO. -1.72%

zendi:
It depends on where you believe the bus is going.
During the last great Oando bull, I bought my first tranche at N18, after the court poured cold water on delisting.
Not yet satisfied, I raised money and chased down the bus to Ji again, very violently, at just under 30.
That day, do you think I cared if I was buying at the high or low percentage of the day? I didn't.
I wanted to Ji by force or fire because I thought the bus was headed to km 200, delisting having just been dealt a blow.

I later Jo'd at km79 with healthy loot. Was I a mumu?

I was telling you about what is possible, not that it it's my trading style to buy deer and sell sheep.

A lot depends on the circumstances of a particular play.

megawealth01:
You are smart

essentialone:
Which dates will these companies release the Financial Report?

CHAMPIONS BREWERY
TRANSCORP PLC
UCAP

essentialone:
Which dates will these companies release the Financial Report?

CHAMPIONS BREWERY
TRANSCORP PLC
UCAP

megawealth01:
This dollar thing is all fiasco... Dollars that America keeps minting like kilode without pegging

essentialone:
WILL OANDO PLC GAIN ANOTHER 529% THIS YEAR?

zendi:
"Bull Market: A random market movement causing an investor to mistake himself for a financial genius."

So, thank you Mega, but I was not smart anything. I was just lucky with that one.

Streetinvestor2:
Yes I expect them to pay #3 dividend

essentialone:
BASED ON THEIR RECENT REPORTS, WHICH OF THESE 9 COMPANIES WILL MOST LIKELY PAY DIVIDEND, IN THIS YEAR 2025?

1) Champion Breweries
2) Chams Plc
3) Daar Communications
4) E-Tranzact International
5) Guinea Insurance
6) Japaul Gold and Ventures Plc
7) Oando Plc
8. RT Briscoe
9) Veritas Kapital Assurance Plc

Mpeace:
The insurance companies should pay, no matter how small.
Insurance money went up by more than 200% especially third party insurance.

jamace:
Fellow investors, let's ease tension with these FUNNY DEFINITIONS OF SOME FINANCIAL TERMS.

Advertisement: A tool used by business to get money out of people that don't have it, for something that they don't need.

Alimony: Two persons mistake paid by one.

Auditor: Person that arrives after battle to finish off the wounded.

Bank: A place that will lend you money only when you don't need it.

Bear Market: Eight months when the kids get no allowance, the wife gets no jewelry and the husband gets no s3x.

Broker: The person that you trust with thousands of your hard earned dollars. Hello!

Broker: What my broker has made me.

Broker: Poorer than you were last year.

Budget: Written proof that you can't afford the things you want.

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Cash Flow: The movement your money makes as it disappears down the toilet.

CEO: Chief embezzlement officer.

CFO: Chief fraud officer.

Day Trader: A more socially acceptable gambling addict.

Discounted Stock: A stock that is less expensive than last month and more expensive than it will be next month.

EBIT: Earnings before irregularities and tampering.

EBITDA: Earnings before I tricked the dumb auditor.

EPS: Eventual prison sentence.

FRS: Fantasy reporting standards.

Institutional Investor: Past year investor who is now locked up in a mental institute.

Market Correction: The day after you buy stocks.

Momentum Investing: The fine art of buying high and selling low.

P/E Ratio: The percentage of investors wetting their pants as the market keeps crashing.

Profit: A man that prays to God.

Standard and Poor (S&P): Your life in a nutshell.

Stock Analyst: Idiot who just downgraded your stock.

Stock Market Correction: The term your broker uses for a stock market crash.

Stock Split: When your former wife and her lawyer split all your assets equally between themselves.

Value Investing: The art of buying low and selling lower.

Hope you enjoyed the fun?

Keep on investing, any way.

jamace:
Fellow investors, let's ease tension with these FUNNY DEFINITIONS OF SOME FINANCIAL TERMS.

Advertisement: A tool used by business to get money out of people that don't have it, for something that they don't need.

Alimony: Two persons mistake paid by one.

Auditor: Person that arrives after battle to finish off the wounded.

Bank: A place that will lend you money only when you don't need it.

Bear Market: Eight months when the kids get no allowance, the wife gets no jewelry and the husband gets no s3x.

Broker: The person that you trust with thousands of your hard earned dollars. Hello!

Broker: What my broker has made me.

Broker: Poorer than you were last year.

Budget: Written proof that you can't afford the things you want.

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Cash Flow: The movement your money makes as it disappears down the toilet.

CEO: Chief embezzlement officer.

CFO: Chief fraud officer.

Day Trader: A more socially acceptable gambling addict.

Discounted Stock: A stock that is less expensive than last month and more expensive than it will be next month.

EBIT: Earnings before irregularities and tampering.

EBITDA: Earnings before I tricked the dumb auditor.

EPS: Eventual prison sentence.

FRS: Fantasy reporting standards.

Institutional Investor: Past year investor who is now locked up in a mental institute.

Market Correction: The day after you buy stocks.

Momentum Investing: The fine art of buying high and selling low.

P/E Ratio: The percentage of investors wetting their pants as the market keeps crashing.

Profit: A man that prays to God.

Standard and Poor (S&P): Your life in a nutshell.

Stock Analyst: Idiot who just downgraded your stock.

Stock Market Correction: The term your broker uses for a stock market crash.

Stock Split: When your former wife and her lawyer split all your assets equally between themselves.

Value Investing: The art of buying low and selling lower.

Hope you enjoyed the fun?

Keep on investing, any way.