₦airaland Forum

essentialone:
Hello Toyeoye

The new look of this our Stockbubbles platform is not good at all. Please, revert back to the immediate previous interface that shows all stocks in the market and not this one that only shows gainers and losers.

awesomeJ:
I think salaries are more about the industry than the organization.

DIL playing in the oil and gas sector would definitely have to pay something more commensurate than what's obtainable in the manufacturing sector.

Like KPMG, PwC, salaries are identical,
NESTLE, WAMCO too.


When dollar was 160, I know Total Entry level pay was around 800k. (5k dollars per month)

In today's naira, entry level at Shell, Chevron, Total should be like 8m per month or N96m per annum.


That's why I thought N20m might be conservative for Dangote Refinery.

fashionnisir:
If truely there are mining taking place, and johnpaul has operational success ,these would have been good time to invest more due to increase in spot prices of gold and uncertainty caused by of US involving in iran war and it trade war with china, japan and EU.
Gold is XAU/USD 3368.75

Investing in Gold ETF will be better alternative.

SonofEl.ElyonRet:
I am aware that gold etf is available on our stock exchange, but what about crude oil and silver etf on the Nigerian Stock Exchange?

toyeoye:
Thanks for pointing this out 🙏🏽. It sounds like the unchanged stocks may not be displaying properly on the table which definitely isn’t the intended experience. Could you please share a screenshot of what you’re seeing on your end? That’ll help us trace and fix

fashionnisir:
Trove
1)Us ETF index use
2)Nigeria indexe
3)Vertiva ETF

LeadTrader
1) Vertiva ETF

IyaTola:
Trove
Chakaa
bamboo

light.nlife:
Happy Weekend!
Which app/platform can I use to buy index shares? Thanks

SonofElElyonRet:
"At present, Japaul has 5 Gold mines in Nigeria. We have 20,576kg (i.e 636,856 ounces - inferred) in GOLD RESERVE from 15% of exploration done on our licenced mines"

“Presently, Japaul has 637,000 inferred reserve ounces of gold, which worth $1.551 billion on its mining leases that it has acquired"

Mankind2024:
BBNaija and the Growth of My Portfolio

In 2017, during the BBNaija Season 2, titled "See Gobe," the winner, Michael Efe-Ejeba, received a cash prize of ₦25 million (approximately $$83,400$ at the time) and an SUV. The prize money was the envy of many, including me. It wasn't that I couldn't have made more than the cash prize and the SUV, but financial independence was a distant concept for me.
At the time, I always had to seek validation before investing, or I would invest in trending "hot stocks" on the NSEMPA forum, no consistency.
There was no self-confidence and no basic knowledge of the fundamental principles of investment. The result was self-sabotage, stemming from a lack of understanding of compounding and dividend reinvestment strategies. Following the herd was my greatest undoing. At that time, I did not trust the market nor did I have a strategy to actualise financial freedom.
Eight years later, I feel I have made up for lost time after learning by reading books, articles, and publications by several legendary American investors: Benjamin Graham, Warren Buffett, Peter Lynch, Jack Bogle, Jesse Livermore, Ray Dalio, and many others.
During the award-winning ceremony of season 2 BBN, hosted by Ebuka Obi-Uchendu, a thought flashed through my mind: one day, I would surely make a hundred times this prize money.
How I would achieve this was unknown, but the belief and determination were very strong. Abundant wealth starts with the individual: think, act, and grow rich.

In late 2019, I decided to return to the NGX with a strong determination and consistency that I would never again allow the fear of a bear market, sell-off, downturn, or recession to drive me away. I had already learned the PATIENT, secret of stock market investing. At this point, I began to trust the market, making risk my best friend, volatility my investment adviser, and a bear market an opportunity for an early Christmas promotion. No more "sell in May and go away."
At the peak of COVID-19, during the "urgent ₦2k" slogan era in Nigeria, I remained in the market. I established strong positions in the FMCG (Fast-Moving Consumer Goods), Transcorps and Banking sectors. I watched my portfolio obey one of the investment creeds: "Time in the market is better than timing the market," and "The best time to invest in the market was yesterday, and the next best time is today."
Fast forward to today, without relying on luck, the probabilities of the market are swinging in my favour, simply by obeying the fundamental principles of investing. Using value cost averaging and the power of compounding, I have grown my NGX portfolio from ₦8 million to 9 figures (2020 to date). Meanwhile, my NYSE portfolio is also benefiting from my experience as a dedicated "Naija investor." I have been able to grow it from a loss of 60% in November 2023 to a gain of 213.2\% as of July 25, 2025.

The best lesson I have learned so far in my investment journey is that the greatest enemy of an investor is the investor themself. We investors often sabotage compound interest in the name of "profit booking" at the peak of a bull run, even when there is no obvious need for the money. We do it because of the fear of a bear market, the fear that "you haven't earned anything until you sell," the fear of a downturn or sell-off, an over-reliance on highly biased technical indicators, and trusting bearish market forecasters more than our own instincts and the market's intrinsic fundamentals, forgetting that We are investors, not traders.
Yes, the bear will always come, but that is not a cogent reason to sell off our assets in blue-chip, dividend-paying companies, only to end up buying the same assets back at a premium. To overcome this fear, we need to prepare for tomorrow.
We investors also tend not to trust the incumbent President of Nigeria due to a deep-seated dislike for him and his tribe. We do not believe him when he says he is on a mission to grow Nigeria's economy to $1trillion. However, the stock market seems to be pointing in the direction of this promise.
A recent experience was an act of self-sabotage I perpetrated against myself. Following the announcement of bank recapitalisation in 2024 by the CBN (Central Bank of Nigeria), I sought public validation on the NSEMPA forum about what would likely happen to the prices of Tier-1 banking stocks on the NGX after the recapitalisation and rights issues. As expected, the herd's conclusion was that the outstanding shares and imminent dilution would be too much to support their prices at the time. Trusting this, I decided not to take my rights offers in GTCO, ZENITHBANK, UBA, ACCESSCORP, and FBNHOLDINGS, despite having the financial muscle, with the hope that the stock prices of Banks would crash by January 2025.
Alas, the market proved me wrong. I was severely punished by the market for not trusting it. Right before my eyes, the bank stocks appreciated and also paid dividends to subscribers of their rights issues. It was a lesson learned the hard way. I quickly made an effort to buy back the time and oversubscribed by 100% to the STANBIC IBTC rights issue, which was executed in February 2025. Unfortunately, no dividend was paid to their rights issue subscribers. Not only that, but I was also allotted only 50\% of my subscription, and the excess money was refunded.

My humble advice for discerning individual investors is: do not time the market. Invest, seize the day, diversify, and trust the market. The stock market is not a get-rich-quick scheme; however, rewards might come sooner than you think. No one has a crystal ball to tell us what the market will do tomorrow. In the same way, no one knows who is going to win the ultimate prize of ₦150 million announced for the 2025 Season 10 of BBNaija. We can only guess.
My mind is relaxed because my growing net worth is more than the ultimate prize.
My SMART goal is on course, and victory is certain.
NGX: ₦1 billion (2027) and NYSE: 1$ million by 2030.
So help me God.

Mankind2024:
@EDU.ECO,
I suggest you listen to this video lecture. You'll realize that Mr. Chuka is just getting started with investors. He's only in phase zero of the game.


https://www.youtube.com/watch?v=eQVGtqZSdMQ?si=cC7qn9oHZabwztrw

essentialone:
This is the only thing that appears on screen.

Mankind2024:
Meet Harry Markowitz, the legendary economist and investor who pioneered Modern Portfolio Theory (MPT) and the Efficient Frontier.

Life and Biography
Harry Max Markowitz was born on August 24, 1927, in Chicago, Illinois, to a Jewish family. He developed an interest in physics and philosophy during high school and pursued these interests at the University of Chicago. Markowitz specialized in economics, studying under notable economists like Milton Friedman and Jacob Marschak. He received his Ph.B. in Liberal Arts in 1947 and his A.M. in Economics in 1950. Markowitz worked at the RAND Corporation, Cowles Foundation, and City University of New York, and later taught at the University of California, San Diego. He passed away on June 22, 2023, at 95.

Quotes
- "A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of contingencies."
- "Advisors can create the best portfolios in the world, but they won’t really matter if the clients don’t stay in them."
- "Diversifying sufficiently among uncorrelated risks can reduce portfolio risk toward zero.
- "The smart investor buys and holds index funds.
- "I never was aware of the Great Depression."
- "I would never be 100 percent in stocks or 100 percent in bonds or cash."


Achievements
- Developed Modern Portfolio Theory (MPT), which revolutionized investment management by introducing the concept of diversification and risk management.
- Published "Portfolio Selection" in 1952, a seminal work that laid the foundation for MPT.
- Awarded the John von Neumann Theory Prize in 1989 and the Nobel Memorial Prize in Economic Sciences in 1990.
- Co-founded GuidedChoice, a 401(k) managed accounts provider and investment advisor.
- Served on the advisory boards of several investment firms, including Research Affiliates and Index Fund Advisors ² ³.

Simple Personal Finance Lessons

- *Diversification is key*: Spread investments across different asset classes to minimize risk.
- Maintain a balanced portfolio: Allocate assets according to risk tolerance and financial goals.
- Rebalance regularly: Periodically review and adjust portfolio allocations to ensure they remain aligned with investment objectives.
- Stay invested: Avoid panic selling during market downturns and ride out market fluctuations.
- Keep saving regularly: Consistently invest over time to benefit from dollar-cost averaging and compound interest.
- Understand your risk tolerance*: Invest in a way that aligns with your comfort level with market volatility.


https://www.youtube.com/watch?v=m4rchSSSdtU?si=WTKouG8ZsA6JfOA4



https://www.youtube.com/watch?v=uANiDzXSddc?si=LqkEOZ0yXesJUEe_



https://www.youtube.com/watch?v=VsMpw-qnPZY?si=i7RivgRu23n4cgj5



https://www.youtube.com/watch?v=aZ1K75qdzsg?si=sRxHRBsyMrKaf7F8

Mankind2024:
Locod.emy is surely a rich man, but he would've been one of the wealthiest man from Imo State.Lol.
I do hope he stops toeing the line of Cathie Wood, one of the best stock pickers in the world, but a bad wealth manager. This woman would pick stocks before the mainstream Wall Street gurus and media ever heard about them, but before you'd say 'excuse me, ma,' she was already out of the stocks in the name of booking profits – only for the stocks to return 300 to 400%. This happened with Netflix @ sub $100 Nvidia @ sub $10 before reaching high of $1k plus and eventual stock splits, Palantir @ sub $7 Broadcom @ sub $50, Apple @ sub$50, Amazon @ sub $50 Tesla at sub $30, Bitcoin @ sub $2000 etc. It was this intrinsic behavior that made Morningstar investment magazine name her the 'Wealth Destroyer of the Decade.'

https://www.investors.com/etfs-and-funds/sectors/sp500-morningstar-calls-cathie-wood-the-worst-wealth-destroyer/



https://www.youtube.com/watch?v=xfl09vNonFk?si=RSljlYnBr0epGxy9

Ask Locode.my about Transcorp at N0.90, Champion Breweries @ subN3, Ellah Lakes @sub N3, Living Trust @ sub N2, C&I Leasing @ sub N3, Sterling @sub N3, Academy Press @ sub N2, Caverton at sub N3, FTN Cocoa @Sub N2 etc. I'm not sure if he ever traded Ikeja Hotel and Honey Flour! Imagine what the N50M of Locode.my invested in all these stocks in 2022 would be worth today in 2025? Your guess is as good as mine – N1.5B as a conservative estimate!!!!

Potvalor:
A lot of fresh graduates will jump on any decent first offer they can get. Dangote Refinery carried out a fairly large-scale recruitment in 2023–2024 and attracted some of Nigeria’s top talent, including many first-class engineering graduates. So I’d imagine that 1–2 years into the job, some of those guys might start regretting their choices, and want a better pay package, especially when they compare their salaries with their lucky peers who joined proper oil and gas companies. I’ve heard that some indigenous firms like Aradel or Seplat pay around 5–8 times of Dangote Refinery (at least at entry-level, with added benefits too). So the PENGASSAN unionism might have been their solution to negotiate a better pay package, though I am not necessarily supporting their choices.

The main objective of my earlier post wasn’t to fault Dangote, it was just back up the ₦400K salary someone first mentioned.

emmanuelewumi:
Also possible that naira was overvalued at that time and the N160 was artificial

Mankind2024:
👍
The audio version is no longer available on YouTube. Fortunately, i downloaded it.
Another version is:
Mark Douglas trading psychology: 25 important lessons for your trading journey.


https://www.youtube.com/watch?v=le-xv3jmWTc?si=igrv8q2IsPU2Hyh9

toyeoye:
Apologies for this inconvenience🙏🏽. That’s odd because I can see 140+ stocks showing here.
Looks like the table’s not expanding fully on your device. Could you please confirm:
Which browser you’re using (e.g. Chrome, Safari, Opera)
If it still looks the same after you refresh the page or change browsers.

That’ll help us narrow it down fast.

awesomeJ:
Maybe you might be interested in this feed back:
Instead of saying market opens at 10 am next trading day

Why not make next_trading_day a variable and set a more intuitive value for it.

E.g

next_trading_day = Date.Today.Friday ? Date.Today + 3.days : Date.Today + 1.days

If Date.Today.Saturday
next_trading_day += 1.days

You can certainly adapt to your Language's syntax.

IYGEAL:
Room should be made for public holidays o. Because this logic will make every weekday a market day.

I suppose developers of iTrade which Morgan Capital uses, uses this logic, because on public holidays the market is "open".

Anyway, public holidays can be taken care of as they come since some of them are not predictable.

IYGEAL:
I suppose developers of iTrade which Morgan Capital uses, uses this logic, because on public holidays the market is "open".

Streetinvestor2:
At the face look the 400 k may look small and should be improved. Then again I feel the refinery business maybe a business with low profit margin even though it is oil business.
Those other oil companies paying high are not only into refinery like dangota. Thr major income comes from the main crude oil business if I am not wrong.
I see these guys thr like other guys working in other large factories with big machines to operate and nothing more.The only difference to me is that these machines thr raw materials is crude oil.So anyone working in large steel company ,palm oil,sugar company etc could pass as same as this guys and could be within same salary brackets.
This is my opinion, I could be wrong.
I feel it is the guys in the extraction business that could be special and comes with alot of risk which justifies that high salary as profit margin could equally be high

Agbalowomeri:
Whichever way, 400k is a terrible salary

ositadima1:
LOL, being in the upper 2% doesn’t mean everyone else is there. Maybe you live in a city or neighborhood surrounded by people like you, they call that a bubble.

Step out into the real streets or the villages and try taking a census; you’ll be surprised to find that ₦400k actually means something. It’s the same reason leaders like Tinubu and others think they’re doing a good job. it’s understandable when you live in a bubble.

Agbalowomeri:
Oga Osita this has nothing to do with living in a bubble. In my generation when we were starting out about 25 years ago, P&G boys were collecting 300/400k easily as young graduates. They could easily buy an SUV with 1 year savings. Ditto for bankers. Now, 25 years later what's the purchasing power of that same salary? I bet you, 25% will go into transport and 50% into feeding. There is just no way you would have anything left after a whole month of working. So technically, people are being fed enough just to keep them alive to work. That is slavery.

This is not just about Dangote but a general situation in the country. We never start the war against corruption. We are just playing

ositadima1:
LOL, being in the upper 2% doesn’t mean everyone else is there. Maybe you live in a city or neighborhood surrounded by people like you, they call that a bubble.

Step out into the real streets or the villages and try taking a census; you’ll be surprised to find that ₦400k actually means something. It’s the same reason leaders like Tinubu and others think they’re doing a good job. it’s understandable when you live in a bubble.

awesomeJ:
Maybe you might be interested in this feed back:
Instead of saying market opens at 10 am next trading day

Why not make next_trading_day a variable and set a more intuitive value for it.

E.g

next_trading_day = Date.Today.Friday ? Date.Today + 3.days : Date.Today + 1.days

If Date.Today.Saturday
next_trading_day += 1.days

You can certainly adapt to your Language's syntax.

GeneralDae:
400k is definitely a terrible salary for a worker in a refinery operation living around Ibeju Lekki or the Island. At least 700k for a graduate trainee should work especially if there are no health allowances and other incentives (if the report from the workers on that are to be taken into consideration).

ositadima1:
Why not ₦1.5M for a trainee? People living in a bubble, honestly. Is this figure based on what you feel it should be, or on what’s actually attainable in the job market? If you pay a trainee ₦700k, then what will you pay a line manager?

Let’s talk about what’s realistic in the Nigerian labour market, not emotional opinions. What’s the salary structure in the federal ministries, for instance?