₦airaland Forum

GeneralDae:
Access Bank with another acquisition. This time in Gambia. I think Access Bank is positioning for something big in Africa.

https://standard.gm/access-bank-takes-over-standard-chartered-bank/

Have they attained their target of 26 African countries?

Previously announced in 2023 sha, part of Access Bank's intention to acquire StanChart's ownership in 5 African countries.

https://www.reuters.com/markets/deals/stanchart-sell-sub-saharan-africa-business-access-bank-2023-07-14/

GeneralDae:
Access Bank with another acquisition. This time in Gambia. I think Access Bank is positioning for something big in Africa.

https://standard.gm/access-bank-takes-over-standard-chartered-bank/

GeneralDae:
Access Bank with another acquisition. This time in Gambia. I think Access Bank is positioning for something big in Africa.

https://standard.gm/access-bank-takes-over-standard-chartered-bank/

With all this acquisition, I want to believe Access Bank is free from this CBN latest Single Obligor Limit. I think I read from the CBN letter that bank affected will be limited to foreign investment.

jonnysessy:
With all this acquisition, I want to believe Access Bank is free from this CBN latest Single Obligor Limit. I think I read from the CBN letter that bank affected will be limited to foreign investment.

So ACCESS BANK isn't a part.............?

With the new capital raise which has increased their shareholders funds I doubt they will be a part.

megawealth01:
So ACCESS BANK isn't a part.............?

Sunrisepebble:
With the new capital raise which has increased their shareholders funds I doubt they will be a part.

My own is that let people panic sell and let the price come down let me just load more.

Mankind2024:
Your sense of history is skewed. I never swore at you. It's clear you lack basic etiquette. The market has been extremely rewarding for me. I'm now in the consolidation phase of building a legacy portfolio for my offspring and future generations.

I recall our previous discussion where I advised investors to remain invested during the twilight of the Buhari administration. You responded that people like us would be the first to surrender our portfolios at the sight of a bear market. I'd like to clarify that I'm a successful self-investor with experience in three exchanges: NGX, NYSE, and Binance.

My investments have yielded impressive returns. On NGX, I'm on track to reach my goal of a N1 billion portfolio in under two years. My NYSE portfolio is compounding nicely, and my digital assets on Binance have doubled in value. You can call me a stock billionaire if you like – that's what 11 years of staying invested through good and bad times have earned me.

My investment philosophy is centered around long-term growth, not short-term gains. I don't trade frequently or book profits often. Instead, I set personal goals and work towards achieving them. I hope you'll learn from my approach. Humility is key in investing, and I often advise against getting caught up in short-term competition or predictions.
Due to personal reasons, I won't share my NGX portfolio here. However, you're welcome to learn from my NYSE portfolio, which continues to compound nicely.

Good to see an old gee who still believe in crypto. When i told my dad who taught me stock market to consider crypto, i was ready to teach him. He looked at me and said I am not interested in business you can lose your 100% capital in a day. I said to him that you can still increase your capital by 100% in a day. He said capital preservation is the key to wealth building. I got confused.

I hope so also, been looking for an entry into GT since

unite4real:
My own is that let people panic sell and let the price come down let me just load more.

Sunrisepebble:
With the new capital raise which has increased their shareholders funds I doubt they will be a part.

I love THIS so much.......................😘

jonnysessy:
With all this acquisition, I want to believe Access Bank is free from this CBN latest Single Obligor Limit. I think I read from the CBN letter that bank affected will be limited to foreign investment.

you see these particular section, are not going to be for public consumption ,when the time comes. The foreign investment will be an inside job. All they just want you to know now is they will be no dividend till further notices.

chinonsobest:
Good to see an old gee who still believe in crypto. When i told my dad who taught me stock market to consider crypto, i was ready to teach him. He looked at me and said I am not interested in business you can lose your 100% capital in a day. I said to him that you can still increase your capital by 100% in a day. He said capital preservation is the key to wealth building. I got confused.

Don't drag your dad into crypto.. the older you get, the more risk averse you should be.. not a good thing for an old man to lose his life savings/pension..

chinonsobest:
Good to see an old gee who still believe in crypto. When i told my dad who taught me stock market to consider crypto, i was ready to teach him. He looked at me and said I am not interested in business you can lose your 100% capital in a day. I said to him that you can still increase your capital by 100% in a day. He said capital preservation is the key to wealth building. I got confused.

Till than, my advice is, if it not bitcoin forget about it.

chinonsobest:
Good to see an old gee who still believe in crypto. When i told my dad who taught me stock market to consider crypto, i was ready to teach him. He looked at me and said I am not interested in business you can lose your 100% capital in a day. I said to him that you can still increase your capital by 100% in a day. He said capital preservation is the key to wealth building. I got confused.

This is what Charlie Munger and Warren Buffett have to say on cryptocurrency.

Never you underestimate the wisdom of these 2 wise men.

Charlie Munger died at the age of almost 100 years and Buffett is close to 100 years . Don't forget in most cases wisdom comes with old age.

This is what Buffett have to say on Charlie Munger the great sage:

Mr. Buffett has described him as the originator of Berkshire Hathaway’s investing approach. “The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” Mr. Buffett once wrote in an annual report.

Take note of this: 'Wonderful Businesses' are better than 'Fair Businesses'.

Wonderful business is an excellent(A1) entity, while Fair Business is a mediocre(D7 or E8) entity.

SonofElElyonRet:
Don't drag your dad into crypto.. the older you get, the more risk averse you should be.. not a good thing for an old man to lose his life savings/pension..

Very good, professional advice!
Personally, I cannot invest in Crypto or Bitcoin until I see or understand the fundamentals of what or which company is behind the crypto and the remedial safeguards available if the coin should crash and fail.

BREAKING: CBN suspends dividend payments executive bonuses & foreign investments for 7 Nigerian banks under regulatory forbearance:

🏦 Zenith Bank
🏦 GTCO
🏦 Access Bank
🏦 UBA
🏦 FBNH
🏦 FCMB
🏦 Fidelity Bank

📉 Suspension holds until capital adequacy is independently verified.

📲 Stay informed. Follow
@TNIPodcaster
for real-time market updates!

EDUECO:
This is what Charlie Munger and Warren Buffett have to say on cryptocurrency.

Never you underestimate the wisdom of these 2 wise men.

Charlie Munger died at the age of almost 100 years and Buffett is close to 100 years . Don't forget in most cases wisdom comes with old age.

Bitcoin is going to $1m ! Countries are establishing Bitcoin reserves, blue chip companies and fund managers are investing in Bitcoin. It has. Officially become a store of value. The only challenge is its volatility which is likely to reduce as most of the Bitcoin is accumulated in few hands of countries and big investors

chimex38:
A Fictional wizard with Magical Powers who is filled with wisdom and sometimes predicts the future
(from which i ascribed the name to you ) .
From the Novel Sword of Truth adapted into the Movie Series:
Legend of the Seeker
(He helped a Young Man fulfil his destiny)


You can look up the section "Wizard's rules" under this Wikipedia page below as part of your weekend digest.. The 11 rules are also kind of plausible in real life.

https://en.m.wikipedia.org/wiki/The_Sword_of_Truth#Zeddicus_Zu'l_Zorander

Sorry, I did not find the energy for the recommended weekend read.
But thanks for taking out time to explain.

Ibrahim505:
BREAKING: CBN suspends dividend payments executive bonuses & foreign investments for 7 Nigerian banks under regulatory forbearance:

🏦 Zenith Bank
🏦 GTCO
🏦 Access Bank
🏦 UBA
🏦 FBNH
🏦 FCMB
🏦 Fidelity Bank

📉 Suspension holds until capital adequacy is independently verified.

📲 Stay informed. Follow
@TNIPodcaster
for real-time market updates!

I guess CBN contacted only you and provided the list to you.
Next time you state your source sir

SonofElElyonRet:
Bitcoin is going to $1m ! Countries are establishing Bitcoin reserves, blue chip companies and fund managers are investing in Bitcoin. It has. Officially become a store of value. The only challenge is its volatility which is likely to reduce as most of the Bitcoin is accumulated in few hands of countries and big investors

Is Bitcoin a company producing goods or rendering services?

Bitcoin like any cryptocurrency is just pure speculation,and it's probably not sustainable!

Does Bitcoin make annual profit and pay dividends like Bank of America or Wells Fargo?

A rundown of stocks to watch this week on the NGX.


https://www.youtube.com/watch?v=_I6oDAtAiSE

Ibrahim505:
BREAKING: CBN suspends dividend payments executive bonuses & foreign investments for 7 Nigerian banks under regulatory forbearance:

🏦 Zenith Bank
🏦 GTCO
🏦 Access Bank
🏦 UBA
🏦 FBNH
🏦 FCMB
🏦 Fidelity Bank

📉 Suspension holds until capital adequacy is independently verified.

📲 Stay informed. Follow
@TNIPodcaster
for real-time market updates!

I'm very sure Zenith,Access UBA and GTBank are not among.

EDUECO:
I'm very sure Zenith,Access UBA and GTBank are not among.

Do you work in CBN? . .

Agbalowomeri:
Do you work in CBN? . .

No,I am the owner of CBN




I don't have to work in CBN to know that those 4 four banks will pay both interim and final dividends.

The 4 banks are doing well and it's already their tradition to pay dividends.

EDUECO:
No,I am the owner of CBN




I don't have to work in CBN to know that those 4 four banks will pay both interim and final dividends.

The 4 banks are doing well and it's already their tradition to pay dividends.

Shuu they are not accessing their capacity to pay dividend now

Are you sure you posted the right link? The video in the comment section of the X post isn't showing anything worthy of note. Maybe you didn't post the correct link you intended?

[quote author=Pennystockwarri post=135751629]An update on Ellah lake operations with pictures and a video.

https://x.com/bivins1/status/1933967814295249405?t=Dut5nOU4VDMHEJEZLzkoHQ&s=19[/quote]

EDUECO:
Is Bitcoin a company producing goods or rendering services?

Bitcoin like any cryptocurrency is just pure speculation,and it's probably not sustainable!

Does Bitcoin make annual profit and pay dividends like Bank of America or Wells Fargo?

It's like currency that's being traded. Like I said, even governments all around the world and even big financial organisations are stocking up on Bitcoin..

GeeKudi:
Are you sure you posted the right link? The video in the comment section of the X post isn't showing anything worthy of note. Maybe you didn't post the correct link you intended?

You see video. I even searched using AI and is telling me the inveiw has not happened. That it will happen today 15 June.
Me and the AI remain to fight as I told it is not up to date that the video dey twitter.The thing come dey warn me join..lol

EDUECO:
Is Bitcoin a company producing goods or rendering services?

Bitcoin like any cryptocurrency is just pure speculation,and it's probably not sustainable!

Does Bitcoin make annual profit and pay dividends like Bank of America or Wells Fargo?

It's like currency that's being traded. I'm sure you know you can exchange Bitcoin for fiat. You can also exchange it for goods and services.. Like I said, even governments all around the world and even big financial organisations are stocking up on Bitcoin..
p.s. Not financial advice

CBN has done more harm than good to Banking stocks investors. If they want the banks to be government owned and controlled, why can't they just say so.

It's unfortunate but more unfortunate that if there will be selloff, it will affect more than just the banking sector. It might go round.

Welcome to a bear week

Agbalowomeri:
Shuu they are not access ing their capacity to pay dividend now

You dreamt of access last night?

..

............


..............

Mpeace:
CBN has done more harm than good to Banking stocks investors. If they want the banks to be government owned and controlled, why can't they just say so.

It's unfortunate but more unfortunate that if there will be selloff, it will affect more than just the banking sector. It might go round.

Welcome to a bear week

I don't believe it will go round if it pulls the banks down.when the banks whr going up did it go up with other sectors.Then again have the banks really gone up this yr.Has any delivered 100% I have seen in some sectors this yr.