₦airaland Forum

Awesomej was right on the market activities
He didn't stand to surpress the Almageddons who surrounded him.
He got tired and bow out.
Loco is a one man squad.
When I stand I stand.
To resist Loco is not so easy.

There is a call by Loco for people to get ready for a bull this period.
This is my message

https://www.youtube.com/watch?v=zyh9iI428-k

Midday trading update on the NGX.

Dear Esteemed Client,

We would like to inform you about a recent notice issued by the Federal Inland Revenue Service (FIRS) relating to investments in short-term securities issued by the Federal Government of Nigeria.

Short-term securities include Government Bonds, Treasury Bills, Promissory Notes, Corporate Bonds and Commercial Papers.

Here’s what you need to know:

The law now requires that a 10% Withholding tax is deducted from the interest (or discount) you receive when your investment matures.
The withholding tax deducted will be remitted directly to the relevant tax authority on your behalf.
Tax applies to both Individual and Corporate investors
FG Bonds and OMO bills issued by the Central Bank of Nigeria (CBN) are exempt of WHT
Please note that this information will be updated in our contract notes and related documents to ensure all relevant details are clearly stated for your convenience.

If you have any questions or need further clarification, please feel free to contact us at ARMSecCustomerService@arm.com.ng or call 02014609000, 02013305005.

Warm regards,

Abeg is the ngx within or outside a disgraced nation. Name any disgraced nation u know and tell me what is prosperous in it.So because I have money in it.I should be lying to myself. When u have a failed government. What ever they share goes round to every sector abi na segment
My street analysis

Locotrader:
My statement is based on chart.
Some people have seen what the chart is saying at this time but they choose to deceive people because of selfish interest.
I have seen you are upcoming Jijoist.Keep your cash and be on the look to jump in when you are convinced to re enter

Thank you my oga

nosa2:
Between 1990 and 2010 China achieved an average annual growth rate of 9%. Between 2000 and 2015 Nigeria achieved an average annual growth rate of 7%.

We were on the path but there were two events that caused us to derail; first was stopping the government from removing fuel subsidy in 2012 and then the 2015 elections.

If we had gotten these events right then we would have been on the path but alas. Anyway Nation building takes decades and centuries so there is no rush

Assuming the growth rates are accurate. And even discounting start points of growth GDP of $1x billion or $100x billion. Ask yourself the source of the growth. That can reveal if it’s a sustainable or non sustainable growth.

If Nigeria’s growth was mostly underpinned by oil & gas sales with little development of production capacity in goods and services through hrs of labor (physical and intellectual). Then that growth is fluke.

China’s growth is underpinned by human labor (physical & intellectual) on many fronts. I watched a video that says China is currently decades ahead of the Western world in producing many (not all) high tech stuff. That in the next 10 years Chinese car makers will overrun most global car makers…..China strategically developed key strengths in x y x. These are what underpins the 9% growth for China.

PuristForest:
There are many 'lazy' countries that dont work half as hard but have all the required infrastructure plus enough to care for elderly and others ...i dont think its all about work....quality education and people doing the right things matter alot .

Work plays a key role. Those nations you are referring to have invested over a 100years of relatively heavy high value adding work spanning generations.

Ginalex:
Ar this point, na to remove any emotional attachments to any stock o. Zenith that I bought for 55 I sold for 61.70 today. I initially had UBA at 39.5 and exited at 42.15 last week... It's not looking like I made a bad decision to do so. The goal is to re-enter lower than I did the first time. Na First bank movement I no understand. My wacc has been on 31.50 since, yet the stock no gree move up or side. Despite the heavy bids.

By the time you take away transaction fees are you making any money?

Good afternoon, I make a sell on my meritrade account on 20th November but uptil today the Money hasn't reflected in my trading account.
When I ask meristem about it, they are telling me that the money will reflect after T-3 days.
Does anyone experience this with others brokers?
I don't understand..

BabsO2:
Assuming the growth rates are accurate. And even discounting start points of growth GDP of $1x billion or $100x billion. Ask yourself the source of the growth. That can reveal if it’s a sustainable or non sustainable growth.

If Nigeria’s growth was mostly underpinned by oil & gas sales with little development of production capacity in goods and services through hrs of labor (physical and intellectual). Then that growth is fluke.

China’s growth is underpinned by human labor (physical & intellectual) on many fronts. I watched a video that says China is currently decades ahead of the Western world in producing many (not all) high tech stuff. That in the next 10 years Chinese car makers will overrun most global car makers…..China strategically developed key strengths in x y x. These are what underpins the 9% growth for China.

I don't know how old you are but the growth was largely driven by telecoms liberalization and bank consolidation. The next step to push to industrialization was liberalization of the energy sector but the people resisted the govt when they tried to implement the reforms.

The people resisted because they failed to understand that their decisions ultimately affected their future. Now that the future is here the people are learning and crying. This is how nations are built. Nigerians are now learning that there are future consequences to their current decisions.

nosa2:
By the time you take away transaction fees are you making any money?

A good profit if she is using Atlas portfolios

Mfunkynation:
Good afternoon, I make a sell on my meritrade account on 20th November but uptil today the Money hasn't reflected in my trading account.
When I ask meristem about it, they are telling me that the money will reflect after T-3 days.
Does anyone experience this with others brokers?
I don't understand..

Money na bastard!
My guy, cool down. You should see the money latest Wednesday, if nothing else is affecting it.
T+3 means 3 work days after the transaction date, and it is a usual occurrence.
But they want to reduce it to T+2as from Nov28

nosa2:
By the time you take away transaction fees are you making any money?

yeah I am. E no plenty but gain na gain. 0.50 brokerage fee

Locotrader:
A good profit if she is using Atlas portfolios

What are their transaction fees like

mikeapollo:

Money na bastard!
My guy, cool down. You should see the money latest Wednesday, if nothing else is affecting it.
T+3 means 3 work days after the transaction date, and it is a usual occurrence.
But they want to reduce it to T+2as from Nov28

I have never experienced this with Morgan capital?
That's why I am asking if it's the normal norm now.
If person sells today, he won't have access to the money to buy another in the same day. Damn!

nosa2:
What are their transaction fees like

0.40 buy
0.60 sell.
With other applicable charges,buy is around 0.81 and sell around 1%.

That's for Atlas portfolios

Investment analysts project Nigeria's inflation rate will increase by 17 percent citing an unstable naira, insecurity and food shortages.


Be warned, it about to be red through out...

Na to dey come here make noise because u dey look for money to chop food from ngx.
How many of the PO and RI happening now are u guys here participating.So na which ghost go bring thr money. Do u realise these offers are now hanging on the balance because of failed government/disgraced nation. What happens if some of them cannot raise the capital needed for better performance. Do u think if any of those banks that raised capital earlier had happened now.Na who for buy..when did uba close thr offer.Why haven't they announced the outcome. I don't decieve myself. Then again this government has taken poverty/ bills payment to a different level .
I forgot we have alot of looted fund available from borrowings to our fouth generation

Mfunkynation:
I have never experienced this with Morgan capital?
That's why I am asking if it's the normal norm now.
If person sells today, he won't have access to the money to buy another in the same day. Damn!

My comment is a general one, not specific to Morgan Capital's or any other platform.
But if you discuss with Morgan Capital, they may be able to help you buy immediately depending on the nature or kind of account/portfolio you have with them.

Mfunkynation:
Good afternoon, I make a sell on my meritrade account on 20th November but uptil today the Money hasn't reflected in my trading account.
When I ask meristem about it, they are telling me that the money will reflect after T-3 days.
Does anyone experience this with others brokers?
I don't understand..

It will be good if you can opt-out of DCS.
DCS is not good for a trader.
If you are an investor,relax and be having access to your funds through cscs rather than broker.

Locotrader:
0.40 buy
0.60 sell.
With other applicable charges,buy is around 0.81 and sell around 1%.

That's for Atlas portfolios

Thanks for this

It's not normal. Mike probably thought you were referring to your bank account. Your sales proceeds should be in your trading account immediately after you made the sale if you already opted out of DCS.

Mfunkynation:
I have never experienced this with Morgan capital?
That's why I am asking if it's the normal norm now.
If person sells today, he won't have access to the money to buy another in the same day. Damn!

nosa2:
I don't know how old you are but the growth was largely driven by telecoms liberalization and bank consolidation. The next step to push to industrialization was liberalization of the energy sector but the people resisted the govt when they tried to implement the reforms.

The people resisted because they failed to understand that their decisions ultimately affected their future. Now that the future is here the people are learning and crying. This is how nations are built. Nigerians are now learning that there are future consequences to their current decisions.

I am young. I can recall your buying FBN etc back in the stock market Nigeria days.

You left out massive growth in FX reserves that led to President Obasanjo paying off debts. Crude oil money is the major source of the growth. The crude oil income has multiplier effect. Telecoms and banking were multiplier effects.

PRESCO is overpriced. I cannot even trade my rights. Those that want it can pick up PRESCO and Ellah RI & PO.

nosa2:
I don't know how old you are but the growth was largely driven by telecoms liberalization and bank consolidation. The next step to push to industrialization was liberalization of the energy sector but the people resisted the govt when they tried to implement the reforms.

The people resisted because they failed to understand that their decisions ultimately affected their future. Now that the future is here the people are learning and crying. This is how nations are built. Nigerians are now learning that there are future consequences to their current decisions.

How do you expect rational citizens of an oil-producing country to understand or accept liberalization of the energy sector based on endless import of refined petroleum products, and ever-weakening forex rates?
Does it make any economic sense to you, if you are not into importation of refined products?
Liberalization should be based on domestic refining of crude, to serve as a spring board for further value addition in the energy value chain, which the govt failed to do with the 4 refineries until Dangote refinery came on board.

https://x.com/i/spaces/1BdGYZMLLdEJX

Discussing the day's trading activities on the NGX, as it gradually winds down.

mikeapollo:
How do you expect rational citizens of an oil-producing country to understand or accept liberalization of the energy sector based on endless import of refined petroleum products, and ever-weakening forex rates?
Does it make any economic sense to you, if you are not into importation of refined products?
Liberalization should be based on domestic refining of crude, to serve as a spring board for further value addition in the energy value chain, which the govt failed to do with the 4 refineries until Dangote refinery came on board.

We made the decision and we are where we are. At the end of the day a country is governed by minority say majority way. I am not in the business of telling people I told you so. I am in the business of taking care of myself and my family. Nigerians can decide what they want and I am in the business of crafting and executing a plan that will ultimately make myself and my family make the best of whatever decision Nigerians choose to make.

nosa2:
We made the decision and we are where we are. At the end of the day a country is governed by minority say majority way. I am not in the business of telling people I told you so. I am in the business of taking care of myself and my family. Nigerians can decide what they want and I am in the business of crafting and executing a plan that will ultimately make myself and my family make the best of whatever decision Nigerians choose to make.

Fair enough.
We should just be mindful of how we parrot some economic terminologies and jargons that do not align to our situation. It is not everything the IMF/World Bank tells us that makes good economic sense, so we should be bold to pick the right ones and reject the bad ones.
For instance, they would always advise African countries to devalue their currencies so their goods and exports could be more competitive on the international market, but they would never advise the Europeans to do same.

mikeapollo:
Fair enough.
We should just be mindful of how we parrot some economic terminologies and jargons that do not align to our situation. It is not everything the IMF/World Bank tells us that makes good economic sense, so we should be bold to pick the right ones and reject the bad ones.
For instance, they would always advise African countries to devalue their currencies so their goods and exports could be more competitive on the international market, but they would never advise the Europeans to do same.

I hope you don't think I believe we made the right decision? That decision has caused thousands of deaths and immeasurable hardship on millions of Nigerians. But ultimately it was Nigerians that made the decision and it is Nigerians that are suffering the effects.

At the end of the day fuel subsidy is gone but it just took total economic collapse for Nigerians to finally see what their leaders at the time saw. Now we have finally made the right decision I have come back to profit from it. Same way when i saw that we were making the wrong decision I left the country financially and watched as all hell broke loose from the sidelines.

nosa2:
I hope you don't think I believe we made the right decision? That decision has caused thousands of deaths and immeasurable hardship on millions of Nigerians. But ultimately it was Nigerians that made the decision and it is Nigerians that are suffering the effects.

At the end of the day fuel subsidy is gone but it just took total economic collapse for Nigerians to finally see what their leaders at the time saw. Now we have finally made the right decision I have come back to profit from it. Same way when i saw that we were making the wrong decision I left the country financially and watched as all hell broke loose from the sidelines.

We have never made the right decision! Even up to date, the FG never made the right decision.!
The only right thing that happened, maybe by providence or luck, is that Dangote built a functional refinery! That is our saving grace, which makes it seem as if the govt made a right decision. Without DR, the forex rate could be about N2000-2,500 and we would be doomed