₦airaland Forum

GeneralDae:
Devalue oo, Float oo, not much advantage in one over the other without FX liquidity. CBN can declare their official rate as 500 naira today. The question would be: How many people can they provide dollars to at that rate?

You are being economical with the truth when you say this Government floated and it moved to 1500 at once. This Government floated from 462 to 750 in June 2023. When the parallel market rate began to move again in July 2023 and moved to 900 in August and 1300 in October, this Government left the official rate at 700/900 until Feb 1st 2024 when they floated again taking it from 800 to 1370 at once.

So this Government experimented with devaluation too from August 2023 to January 2024 but unlike Buhari decided to go with floating.

You can continue to hype your TPain and deny obvious economic realities on ground
Every objective observer and analyst knows the devastating effects of the reckless decision to float the naira and remove fuel subsidy at the same time. Now, they have to rebase inflation in order to hide their failures behind padded numbers. Desperados!

SonofElElyonRet:
Bolded is funny but true for many investors that "hammered" during bull season

That bolded was sharply lifted from Jamace' post of funny definitions oo, though I'd heard it before.

Why bring your political views to business section?you can't stand the debate in political section,so you look for easy way so as to limit engagement!coward cow.

Ding !!!

Dingg

KarlTom:
D

For Ding!

megawealth01:
Nigeria Breweries hit N1 Trillion Revenue, VFD Reports Mega Profits, Nigerian Stocks Hit New Milestone!

https://nairametrics.com/2025/02/18/nigeria-breweries-hit-n1-trillion-revenue-vfd-reports-mega-profits-nigerian-stocks-hit-new-milestone/#google_vignette

@Mega, how would you rate these stocks in terms of potential growth in their current price in 1 year from now:
a. Nigerian Breweries
b. Access Bank
c. International Breweries
d. Oando
e. FCMB
F. UBA

Will the market be red today?

zendi:
Since we're slowly succumbing to the politicisation of this thread, there is the President, and there is the Presidency.

Among the ways to rate Presidents is by the calibre and achievements of individuals they assembled around them. I rate highly the Presidents that appointed the following geniuses and others like them to avail the nation of their services, namely:

* Tam David-West.

* Ngozi Okonjo-Iweala.

* Charles Chukwuma Soludo.

There is a lot to be written about each of them, but people easily forget that the impacts made by these widely acclaimed stars were also the successes of the Presidents that appointed them.

I rate Soludo highly amongst these three. His vision has endured with bigger Nigerian banks that have contributed their share in GDP growth not only in Nigeria but in Africa also.

May be biased due to returns in the last decade from some bank shares with x5+ baggers.

zendi:
Since we're slowly succumbing to the politicisation of this place, let me just chip in this little remark:

There is the President.
And there is the Presidency.

Among the ways to rate Presidents is by the calibre and achievements of individuals they assembled around them. I rate highly the Presidents that appointed the following geniuses and others like them to avail the nation of their services, namely:

* Tam David-West.

* Ngozi Okonjo-Iweala.

* Charles Chukwuma Soludo.

There is a lot to be written about each of them, but people easily forget that the impacts made by these widely acclaimed stars were also the successes of the Presidents that appointed them.

Sanusi Lamido Sanusi also deserves some mention.
Soludo brought massive growth to the banking sector. But some rogue CEOs took advantage and nearly destroyed everything with their fraudulent and corrupt dealings
Sanusi was the man that brought sanity and discipline back into the system. He was able to sanitize the system and made the CEOs pay dearly for their sins without depositors losing any money. He also ensured the naira was stable during his tenure as CBN governor

Why is Access Bank raising N200 billion via CP barely few months after the N350 billion rights issue by its parent company (with the cash ultimately going to it) closed barely a month ago?

https://open.substack.com/pub/lifeasananalyst/p/why-is-access-bank-doing-a-cp-raise?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

mikeapollo:
Sanusi Lamido Sanusi also deserves some mention.
Soludo brought massive growth to the banking sector. But some rogue CEOs took advantage and nearly destroyed everything with their fraudulent and corrupt dealings
Sanusi was the man that brought sanity and discipline back into the system. He was able to sanitize the system and made the CEOs pay dearly for their sins[b] without depositors losing any money.[/b] He also ensured the naira was stable during his tenure as CBN governor

Seriously? You are free to commend anyone but don't be insensitive to people who lost values. You said depositors don't loose money, what about several thousands of investors whose live savings were wiped out when some banks went down. Intercontinental bank and Oceanic came to mind and the pains are still very fresh.

Pennystockwarri:
Why is Access Bank raising N200 billion via CP barely few months after the N350 billion rights issue by its parent company (with the cash ultimately going to it) closed barely a month ago?

https://open.substack.com/pub/lifeasananalyst/p/why-is-access-bank-doing-a-cp-raise?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

There are more banks to be bought. Them never buy bank for Morocco.

Pennystockwarri:
Why is Access Bank raising N200 billion via CP barely few months after the N350 billion rights issue by its parent company (with the cash ultimately going to it) closed barely a month ago?

https://open.substack.com/pub/lifeasananalyst/p/why-is-access-bank-doing-a-cp-raise?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Thought this story would provide answers. Seems the writer is just as ignorant as we all are

SonofElElyonRet:
Thought this story would provide answers. Seems the writer is just as ignorant as we all are

Some of these writers are just glorified beer parlor patrons.

This will no doubt affect dividend payment also. Theyre desperate, taken on too much in terms of all these acquisitions all over the place

Pennystockwarri:
Why is Access Bank raising N200 billion via CP barely few months after the N350 billion rights issue by its parent company (with the cash ultimately going to it) closed barely a month ago?

https://open.substack.com/pub/lifeasananalyst/p/why-is-access-bank-doing-a-cp-raise?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Mpeace:
There are more banks to be bought. Them never buy bank for Morocco.

Lol.
We don't know what's up with ACCESS today....
Close to 50m transactions done so far in series of chain transactions

veecovee:
Morgan didn't pay me yesterday and this is the first time they didn't pay me the very day i mailed info@... for a withdrawal

Hope all is well with them?

Can anyone help with another email address or current phone number please

Pastor, make use of the "ATM Withdrawal Request" button on the platform.
You might not get response to your email withdrawal request.

ghm:
Seriously? You are free to commend anyone but don't be insensitive to people who lost values. You said depositors don't loose money, what about several thousands of investors whose live savings were wiped out when some banks went down. Intercontinental bank and Oceanic came to mind and the pains are still very fresh.

If the banks were mismanaged and they went down, then you blame the CEOs that looted and mismanaged the banks, not the CBN, even though the CBN may carry some of the blame for lax supervision.
That is why investors (shareholders) must always hold the managers (CEOs) accountable for every decision they make and not just be concerned about dividends and market value of their shares. Most shareholders do not know their power or role in checking the CEOs, hence the CEOs take advantage to misbehave.

Investing involves taking risks! You may gain or lose. It is the painful truth.
It would have been more devastating if depositors had lost their funds because that would have caused a huge systemic damage to the whole banking industry.
Even the current CBN has withdrawn the licence of Heritage and FGN also taken over Keystone Bank, but the depositors funds are kept intact, because that is the most critical. Investors are the third in hierarchy to be settled after depositors and creditors

Nah!

The writer is one of the good finance journos/analysts we have o. I follow his threads on Twitter and i have found them to be educative, measured and well thought out. He even does a comprehensive weekly Bulls and Bears Markets summary on Twitter too. People like him is one of the reasons someone like me is back on NGX.

I know the writer is codedly active here sha... Judging from the occasional snippets he drops...

There are many quality & resourceful people that are active and/or observing here. Your presence here is appreciated!

otokx:
Some of these writers are just glorified beer parlor patrons.

@Mikeapollo
Reminder!!
Pls take your politics to the right section....
In as much as we cherished your posts on investment here, we can't but tell you to use appropriate section for your politics discussions.
Now you've started inviting the likes of GeneralDae to this thread, small time, his guys will follow him down here and they'll hijack the thread....
Which part of the message did you not understand self?

Market is trying to fight the 2-day bear back.....
We see how it goes before close of biz or, when MPC outcome is out.....
Likely going to be favourable I think.

No online post is compulsory for anyone to read or respond to.
Ignore any post that does not catch your fancy, as long as the post is neither abusive nor vulgar.

I don't think anyone here should arrogate to himself or herself the role of ''headmaster'' or ''headmistress'' on this forum!

mikeapollo:
No online post is compulsory for anyone to read or respond to.
Ignore any post that does not catch your fancy, as long as the post is neither abusive nor vulgar.

I don't think anyone here should arrogate to himself or herself the role of ''headmaster'' or ''headmistress'' on this forum!

You are lucky that this is not a WhatsApp Group. They would have removed you by now.

mikeapollo:
No online post is compulsory for anyone to read or respond to.
Ignore any post that does not catch your fancy, as long as the post is neither abusive nor vulgar.

I don't think anyone here should arrogate to himself or herself the role of ''headmaster'' or ''headmistress'' on this forum!

There are moderators for that Abi?

MARKET BULLETIN 19 February 2025 NGXREG/IRD/MB14/25/02/19

Dangote Cement Plc: Cancellation of 166,948,153 Ordinary Shares (Treasury Shares) Trading Licence Holders are hereby notified of the cancellation of 166,948,153 ordinary shares (Treasury Shares) of Dangote Cement Plc (Dangote Cement or the Company), which occurred today, Wednesday, 19 February 2025. With the cancellation of 166,948,153 units of ordinary shares, the total issued and fully paid-up shares of Dangote Cement has now decreased from 17,040,507,405 to 16,873,559,252 ordinary shares. Nigerian Exchange Limited (NGX) will update its record to reflect the cancellation of 166,948,153 units of Treasury Shares of the Company. This is for your information and records update, please. Obioma Oge For: Head, Issuer Regulation Department

The beauty of this thread has been the non political culture.

cocolacec:
MARKET BULLETIN 19 February 2025 NGXREG/IRD/MB14/25/02/19

Dangote Cement Plc: Cancellation of 166,948,153 Ordinary Shares (Treasury Shares) Trading Licence Holders are hereby notified of the cancellation of 166,948,153 ordinary shares (Treasury Shares) of Dangote Cement Plc (Dangote Cement or the Company), which occurred today, Wednesday, 19 February 2025. With the cancellation of 166,948,153 units of ordinary shares, the total issued and fully paid-up shares of Dangote Cement has now decreased from 17,040,507,405 to 16,873,559,252 ordinary shares. Nigerian Exchange Limited (NGX) will update its record to reflect the cancellation of 166,948,153 units of Treasury Shares of the Company. This is for your information and records update, please. Obioma Oge For: Head, Issuer Regulation Department

Can someone please elaborate on possible dimensions.

otokx:
Can someone please elaborate on possible dimensions.

Some months back, DANGCEM announced share buy back, when it was selling around 240 or 300 (cant remember offhand now except I recheck), it was being posted here that time.

The purpose of the share buyback was to buy and cancel the purchased quantities.
One of the advantages was to reduce the total Outstanding Shares of the company and to enhance more value for the share/shareholders.

Looks like a fulfilling part of the share buyback.
Not much immediate impact on the share price at this stage.

mikeapollo:
No online post is compulsory for anyone to read or respond to.
Ignore any post that does not catch your fancy, as long as the post is neither abusive nor vulgar.

I don't think anyone here should arrogate to himself or herself the role of ''headmaster'' or ''headmistress'' on this forum!

If to say Dominique has been alive to her duties, you would have got a ban by now, possibly a ban till 2033.

Where there's no law, there's no sin......but Ñairaland has rules that guides postings and so also penalty for defaulters.

Person dey correct you, you dey talk about headmistress or headmaster......
Kwantinu nah.... you'll get the ban you so wished for.

You continued to behave in a lawless way and was still condemning another person for same..
What makes you different from the person you kept on expressing hatred for?
Pot calling the kettle black!

essentialone:
You are lucky that this is not a WhatsApp Group. They would have removed you by now.

Everyone knows this is not a WhatsApp Group, so no need to re-emphasize it.
Nobody added anybody to this forum, that is why no one should be using ''headmaster'' or ''headmistress'' commanding tone when addressing someone else. The person that created this forum/section is not even the one issuing the commands!

I wonder when discussions about govt economic policies and CBN regulation of banks became political matters that cannot be discussed on an investment forum