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Nigerian Stock Exchange Market Pick Alerts - Investment (10560) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:37pm On May 19
GeneralDae:
Where is the original comment/interview?

Lol. He should sue newspaper for minsterinterpreting his economic lecture? Haba 😆😆.
So, if you do not know where the original comment/interviewing is, why do you say he was clarifying a misunderstanding?
Was he just talking loosely or anyhow without reference to an earlier comment? Do you clarify what does not exist?
i tire for this ''project'' of yours ooo
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 4:48pm On May 19
Stop exaggerating jor. They haven't failed in "everything." They've taken difficult but necessary policy decisions that have set us on path to relative macroeconomic and foreign exchange realism and stability. These measures have clearly boosted investor confidence in Nigeria, as shown from the rebound in money inflows and the surge in the stock market -- driven by domestic money, which is more stable. Fuel supply is also now stable.

No serious person debates this. Or denies the political courage it took. Or the pain it has unleashed. The only serious debate now is what the path forward is. And who is the best person to spur our creativity and drive to greater things.

Streetinvestor2:
And all this time you whr pretending not to be this government/apc person on this thread. You see why I don't pretend. I always make my stand/position straight.I hate this government for everything it stands for.They have failed in every thing. They have no reason beyond 2027 if Nigeria don't want to die in millions as they are already dying in hundreds/thousands
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 4:55pm On May 19
Abeg what are people still buying in this market? Please don't mention ZICHIS. grin
Re: Nigerian Stock Exchange Market Pick Alerts by Beeron: 4:55pm On May 19
Profit-Taking Intensifies; Banking Stocks Weakening; Volume Warning Emerging

But these are my stocks recommendation for this week


https://www.youtube.com/playlist?list=PLelyzjGuxrbj-ORzfwOEveV2vK0j1e3fw
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:57pm On May 19
HesInMe:
Stop exaggerating jor. They haven't failed in "everything." They've taken difficult but necessary policy decisions that have set us on path to relative macroeconomic and foreign exchange realism and stability. These measures have clearly boosted investor confidence in Nigeria, as shown from the rebound in money inflows and the surge in the stock market -- driven by domestic money, which is more stable. Fuel supply is also now stable.

No serious person debates this. Or denies the political courage it took. Or the pain it has unleashed. The only serious debate now is what the path forward is.
You cannot be absolute!
There are options and alternatives to every macroeconomic policy or decision, so it is wrong to say ''no serious person debates this''. This is the false narrative that the govt is shoving down the throat of the people and I don't buy it.
Even where a policy may be desirable, the timing, the implementation, and remedial actions to ameliorate the adverse effects are very important. Bad timing and poor implementation destroys policies, especially when such policies are carried out without wide consultations.
Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 4:58pm On May 19
mikeapollo:
So, if you do not know where the original comment/interviewing is, why do you say he was clarifying a misunderstanding?
Was he just talking loosely or anyhow without reference to an earlier comment? Do you clarify what does not exist?
i tire for this ''project'' of yours ooo
But you were the one who initially alleged he advised printing and you doubled down on it even when I showed you his tweet from 2020 against printing, by saying his initial statement was clear and he was just covering up. So what initial statement on printing were you referring to?
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:04pm On May 19
GeneralDae:
But you were the one who initially alleged he advised printing and you doubled down when I showed you his tweet from 2020 saying his initial statement was clear and he is just covering up. So what initial statement on printing were you referring to?
My friend, we don't need to drag anything.
If you and I pretend or lie that there was no statement like that, it is fine. Good luck.
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 5:04pm On May 19
I meant no debate about the policy direction (return to macroeconomic orthodoxy and market-driven pricing of fuel) and its outcomes (monetary predictability, FX stability, fuel supply stability, investor confidence). You are correct about implementation issues, but in the context of a national election that's nibbling around the edges of the debate.

For instance, if Obi ever comes out and says he'll reverse these reforms, he loses my vote for sure.

mikeapollo:
You cannot be absolute!
There are options and alternatives to every macroeconomic policy or decision, so it is wrong to say ''no serious person debates this''. This is the false narrative that the govt is showing down the throat of the people and I don't buy it.
Even where a policy may be desirable, the timing, the implementation, and remedial actions to ameliorate the adverse effects are very important. Bad timing and poor implementation destroys policies, especially when such policies are carried out with wide consultations.
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:10pm On May 19
HesInMe:
I meant no debate about the policy direction (return to macroeconomic orthodoxy and market-driven pricing of fuel) and its outcomes (monetary predictability, FX stability, fuel supply stability, investor confidence). You are correct about implementation issues, but in the context of a national election that's nibbling around the edges of the debate.
And the incidence of poverty has increased many folds! That is success to you?. The elitist definition of success?.
While more several millions of citizens have been pushed into harsher poverty, you console yourself with things like stock market activity, forgetting that only a minority few locals and some foreign investors play in the market.
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:12pm On May 19
HesInMe:
Abeg what are people still buying in this market? Please don't mention ZICHIS. grin
People are buying:
Z enith
I kejaHotel
C ustodian
H onyflour
I MG
S tanbic

.in summary, people bought ZICHIS today.... grin
Oops!! cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 5:16pm On May 19
You clearly didn't read my comment in full, and aren't aware of my prior comments on this matter. You just read the parts that were laudatory to the current government and opened fire. grin

mikeapollo:
And the incidence of poverty has increased many folds! That is success to you?. The elitist definition of success?.
While more several millions of citizens have been pushed into harsher poverty, you console yourself with things like stock market activity, forgetting that only a minority few locals and some foreign investors play in the market.
HesInMe:
Abeg stop using style to turn your missives into politics. Our portfolios might be doing well, but we -- "We few, we happy few, we band of brothers" -- need to always remember that the stock market is not the economy.

Your anecdote objectively does not translate to the population. Not even 5% of Nigerians invest in stocks. Conversely, more than 60% live below the poverty line, per World Bank stats -- a number that is surging upward in recent years because of high inflation and slower economic growth than necessary. Awareness of investment possibilities is certainly an issue, but poor Nigerian households spend 70% of their income on food alone. Investing is a luxury among the hungry.

So celebrate your success, sure, but stop pretending that most Nigerians have real access to the opportunity you enjoy -- if only they'd show some discipline (SMH). Or that our impressively corrupt governments aren't to blame.

Rant over. What are you uppity people buying?
Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 5:17pm On May 19
mikeapollo:
My friend, we don't need to drag anything.
If you and I pretend or lie that there was no statement like that, it is fine. Good luck.
I am the only one who has shown proof of anything here between the two of us and the readers can see for themselves. So, good luck.
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 5:17pm On May 19
grin

IMG? Really? I looked into it. The company no dey grow.

chimex38:
People are buying:
Z enith
I kejaHotel
C ustodian
H onyflour
I MG
S tanbic

.in summary, people bought ZICHIS today.... grin
Oops!! cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 5:21pm On May 19
mikeapollo:
And the incidence of poverty has increased many folds! That is success to you?. The elitist definition of success?.
While more several millions of citizens have been pushed into harsher poverty, you console yourself with things like stock market activity, forgetting that only a minority few locals and some foreign investors play in the market.
I think it'll be more potent for some of you who have made loots via these policies to alleviate for 10, 100, or even 1000 individuals in your vicinity.

That'll be way more potent than endless criticism of the policies or unrealistic expectation of an election loss.

If you or @streetinvestor2 each have gained N2bn due largely to these policies you both criticize, the ideal non hypocritical thing to do would be to take out those profits and structure intervention funds for maybe 100 people.

Give N20m each to 100 people around you.
After all money is just number and is inherently useless.

Some of those 100 people would better their lives and those of people close to them with the money.

But no, you prefer to sit idly on the loot, probably doing nothing to better the lives of people around you, and you expect me to believe you're better than the people you criticize??


I'm no fan of any politician, I've never voted, but people close to me, outside my family get a little bit of my small loot from time to time, making the hardship easier on them

There's no need for me to overemphasize the hardship while refusing to do anything about it, even though the same policies have afforded me the means to intervene.

You keep saying only a small percentage are in the market, if those small percentage showed love, the impact would be farther reaching.
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:25pm On May 19
HesInMe:
You clearly didn't read my comment in full, and aren't aware of my prior comments on this matter. You just read the parts that were laudatory to the current government and opened fire. grin
As far as I know, for the first time in the recent history of this country, hard working labourers, petty traders, peasant farmers, civil servant, workers, self-employed youth, artisans etc. matched and demonstrated shouting ''ebi n pawa'' meaning we are dying of hunger, due to the harsh economic policies of the govt without any safety nets to cushion the citizens.!
That should speak volumes in our ears and conscience anytime we are tempted to be swayed by govt's humongous, naira-propelled propaganda that they have done exceedingly well.
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:25pm On May 19
HesInMe:
grin

IMG? Really? I looked into it. The company no dey grow.
At least ee trade today init?
So people are "buying" it grin

Yes..slow growth kinda.
Plus very illiquid and low volumes.
Though it rallied briefly this bull but still crawled right back.
Contact Sohshò for more info grin
Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 5:31pm On May 19
mikeapollo:
As far as I know, for the first time in the recent history of this country, hard working labourers, petty traders, peasant farmers, civil servant, workers, self-employed youth, artisans etc. matched and demonstrated shouting ''ebi n pawa'' meaning we are dying of hunger, due to the harsh economic policies of the govt without any safety nets to cushion the citizens.!
That should speak volumes in our ears and conscience anytime we are tempted to be swayed by govt's humongous, naira-propelled propaganda that they have done exceedingly well.
Nigerians have always cried of hunger from the 1970’s onwards. It was even worse in the 1980’s down to early Obasanjo period.
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 5:33pm On May 19
By the way, the talk of devaluation is now STALE!!!
IT was only an issue in 2024!
Now it's no longer a valid issue to raise, as we can see from company's results.

Here's how the currency moved in the parallel market from COVID to 2023.

2020: 360
2021: 450 (usd gained 25%)
2022: 600 (usd gained 33%)
2023: 750 (usd gained 25%)


So using the same 25% expected annual loss rate.

Dollar in 2024 should have been: 937.5
2025: 1171
2026: 1464

So as of now, the currency is stronger than it would have been if the old terrible policy had been kept, and it's much more accessible too.


For fuel subsidies.

Electricity subsidies as currently enjoyed by low income people is more important than any unnecessary fuel subsidies


It makes no sense for anyone to buy fleet of V6 and V8 vehicles and expect to buy fuel at #200.

The average joe doesn't even drive an I4.

so their exposure to fuel prices is mostly often overstated.

On most routes, transport costs have only increased by 3x over the past 3 years, even though pms prices are now 7x costlier.

The V8 guys are definitely paying the full 7x, but the exposure on the masses isn't more than 3x.
Re: Nigerian Stock Exchange Market Pick Alerts by ayobama1: 5:35pm On May 19
awesomeJ:
I think it'll be more potent for some of you who have made loots via these policies to alleviate for 10, 100, or even 1000 individuals in your vicinity.

That'll be way more potent than endless criticism of the policies or unrealistic expectation of an election loss.

If you or @streetinvestor2 each have gained N2bn due largely to these policies you both criticize, the ideal non hypocritical thing to do would be to take out those profits and structure intervention funds for maybe 100 people.

Give N20m each to 100 people around you.
After all money is just number and is inherently useless.

Some of those 100 people would better their lives and those of people close to them with the money.

But no, you prefer to sit idly on the loot, probably doing nothing to better the lives of people around you, and you expect me to believe you're better than the people you criticize??


I'm no fan of any politician, I've never voted, but people close to me, outside my family get a little bit of my small loot from time to time, making the hardship easier on them

There's no need for me to overemphasize the hardship while refusing to do anything about it, even though the same policies have afforded me the means to intervene.

You keep saying only a small percentage are in the market, if those small percentage showed love, the impact would be farther reaching.
Privatisation of profits and socialisation of complaints.
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:41pm On May 19
awesomeJ:
I think it'll be more potent for some of you who have made loots via these policies to alleviate for 10, 100, or even 1000 individuals in your vicinity.

That'll be way more potent than endless criticism of the policies or unrealistic expectation of an election loss.

If you or @streetinvestor2 each have gained N2bn due largely to these policies you both criticize, the ideal non hypocritical thing to do would be to take out those profits and structure intervention funds for maybe 100 people.

Give N20m each to 100 people around you.
After all money is just number and is inherently useless.

Some of those 100 people would better their lives and those of people close to them with the money.

But no, you prefer to sit idly on the loot, probably doing nothing to better the lives of people around you, and you expect me to believe you're better than the people you criticize??

I'm no fan of any politician, I've never voted, but people close to me, outside my family get a little bit of my small loot from time to time, making the hardship easier on them

There's no need for me to overemphasize the hardship while refusing to do anything about it, even though the same policies have afforded me the means to intervene.

You keep saying only a small percentage are in the market, if those small percentage showed love, the impact would be farther reaching.
There are several mishaps in what you typed.
But the bolded alone tells a lot about how things are in your mind.
Making definite, categorical, derogatory, hate-filled comments about a bonafide citizen, a person that you do not, and may never know or even meet in life? If you could be this hate-filled, toxic and low for free against a citizen who has not embezzled public funds, I wonder what would be if a few notes is thrown at you to go attack critics of the govt?

I don't attack anyone who says good things about the govt. It is their right.
I only state my own reasons why I think the govt is doing badly. Then people attack! Very funny!
But I think know and understand now! The attack does not change anything, especially if the govt still remains clueless
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 5:43pm On May 19
ayobama1:
Privatisation of profits and socialisation of complaints.
You can imagine.
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:45pm On May 19
GeneralDae:
Nigerians have always cried of hunger from the 1970’s onwards. It was even worse in the 1980’s down to early Obasanjo period.
Which 1970s onward?
Can you tell me the year that Nigerians came out and demonstrated against the govt for high cost of living, harsh poverty the way they did under this govt?
Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 5:49pm On May 19
awesomeJ:
By the way, the talk of devaluation is now STALE!!!
IT was only an issue in 2024!
Now it's no longer a valid issue to raise, as we can see from company's results.

Here's how the currency moved in the parallel market from COVID to 2023.

2020: 360
2021: 450 (usd gained 25%)
2022: 600 (usd gained 33%)
2023: 750 (usd gained 25%)


So using the same 25% expected annual loss rate.

Dollar in 2024 should have been: 937.5
2025: 1171
2026: 1464

So as of now, the currency is stronger than it would have been if the old terrible policy had been kept, and it's much more accessible too.


For fuel subsidies.

Electricity subsidies as currently enjoyed by low income people is more important than any unnecessary fuel subsidies


It makes no sense for anyone to buy fleet of V6 and V8 vehicles and expect to buy fuel at #200.

The average joe doesn't even drive an I4.

so their exposure to fuel prices is mostly often overstated.

On most routes, transport costs have only increased by 3x over the past 3 years, even though pms prices are now 7x costlier.

The V8 guys are definitely paying the full 7x, but the exposure on the masses isn't more than 3x.
Thank you. People continue to assume that if we continued with Emiefele’s policies, the FX rate would have remained at 750. They forget that inspite of the interventions by Emiefele ($17 Billion in 2022 for instance), the parallel market continued its run away reaction because something was broken since COVID (2020).

What would more likely have happened if Emiefele continued or we continued his policies is that the parallel market would still have gotten to 1200 but Emiefele would peg the official rate at 500 or leave it at a crawling peg around the 600 level thereby doubling the gap between official and parallel rates. That would have not only been a worse problem for the economy but increased the backlog to over $10 Billion.

In addition, we would have kept subsidy and NNPC would continue to bleed and not remit for the most part as was the case in 2022.
To also have a reasonable budget and maintain the whole shenanigan, we would have increased our printing. Printing was also increasing every year from 2020 - 2023.

I just can’t imagine. It’s crazy.

As they say, Economics do not give you answers. It gives you trade offs. Choose your poison.
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 5:50pm On May 19
mikeapollo:
There are several mishaps in what you typed.
But the bolded alone tells a lot about how things are.
Making definite, categorical, derogatory, hate-filled comments about a bonafide citizen, a person that you do not, and may never know or even meet in life? If you could be this hate-filled, toxic and low for free against a citizen who has not embezzled public funds, I wonder what would be if a few notes is thrown at you to go attack critics of the govt?

I don't attack anyone who says good things about the govt. It is their right.
I only state my own reasons why I think the govt is doing badly! Then people attack! Very funny!
But I think know and understand now!
Which dictionary are you using to get the meaning of "hate"?

You're obviously confusing the meaning of truth for hate.

To be clear, there's no iota of hate in what you highlighted, it's just a simple truth.


I'm just a practical person.

I prefer acting rather than making talks that have no impact

The reality is that you and I have made gains from this market, and those gains have been largely catalyzed by the same government policies that you prefer to criticize daily.


If you hate those policies so much, how do you with a good conscience prefer to keep the significant sums you've profited from them.

Especially when even half the loot would do way more to help the masses you pretend to care about, the loot you keep idly in your brokerage account would do much more to help their situations than your complaints ever could.


If these complaints were coming from those who didn't benefit from the same policies, they would be more substantiated.

Or if they were coming after you've distributed your loot, they would be taken with more regard.
Re: Nigerian Stock Exchange Market Pick Alerts by Pennystockwarri(m): 6:16pm On May 19
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:34pm On May 19
HesInMe:
Stop exaggerating jor. They haven't failed in "everything." They've taken difficult but necessary policy decisions that have set us on path to relative macroeconomic and foreign exchange realism and stability. These measures have clearly boosted investor confidence in Nigeria, as shown from the rebound in money inflows and the surge in the stock market -- driven by domestic money, which is more stable. Fuel supply is also now stable.

No serious person debates this. Or denies the political courage it took. Or the pain it has unleashed. The only serious debate now is what the path forward is. And who is the best person to spur our creativity and drive to greater things.
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad. undecided
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:43pm On May 19
awesomeJ:
Which dictionary are you using to get the meaning of "hate"?

You're obviously confusing the meaning of truth for hate.

To be clear, there's no iota of hate in what you highlighted, it's just a simple truth.


I'm just a practical person.

I prefer acting rather than making talks that have no impact

The reality is that you and I have made gains from this market, and those gains have been largely catalyzed by the same government policies that you prefer to criticize daily.


If you hate those policies so much, how do you with a good conscience prefer to keep the significant sums you've profited from them.

Especially when even half the loot would do way more to help the masses you pretend to care about, the loot you keep idly in your brokerage account would do much more to help their situations than your complaints ever could.


If these complaints were coming from those who didn't benefit from the same policies, they would be more substantiated.

Or if they were coming after you've distributed your loot, they would be taken with more regard.
I am restraining myself, but your line of argument is totally warped!

How do you know I made gains in this stock market? And if I did, how do you know the gains were largely catalyzed by this govt? A govt that devalued and destroyed the worth of my savings and investments by more than 50% in less than a year in office?. Was it this govt that catalyzed the gains I made in 2004-2005? Sometimes you people think and talk as if Nigeria only started in 2023? So pathetic!

You said I should try and use my NGX gains to solve part of the problem, and you have issues with me for supposedly sitting idly and doing nothing. So you are not happy that an ordinary citizen like me, who does not work for or receive any salary or allowances from govt.
You rather want me to use my hard-earned, private money to solve economic problems created and perpetrated by the clueless and incompetent govt that you support and cheer! INCREDIBLE!

So extending that your warped argument, if I complain about insecurity in the nation, you would say I should do something to resolve the problem and probably pick up my cutlass, club, arrow (I don't have a gun) and head to Kwara, Kogi or Zamfara to fight AK-47 bearing terrorists and help quench the fire!.
Even if I say that the road to your town or village is bad, you would tell me to use the money I made in NGX to go and hire Julius Berger to fix it to make it better?. If I say there is no electricity in your state or town, you would say I should be my brother's keeper and use some of the gains I made in NGX to go buy transformer and install for them?. If I say they have no potable water, you would say that is my responsibility because you think I made money in the NGX because of some vaunted policies of this govt. that came to power three years ago?
Is this your logic? INCREBIBLE?
God Have Mercy!
There is what is called Responsibility and Resource Allocation in governance. The resources to resolve these problems have been channeled or given to the govt so they are the ones to be pushed, encouraged or even compelled to do so. Other would-be contributors cannot be blamed!
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 6:43pm On May 19
awesomeJ:
By the way, the talk of devaluation is now STALE!!!
IT was only an issue in 2024!
Now it's no longer a valid issue to raise, as we can see from company's results.

Here's how the currency moved in the parallel market from COVID to 2023.

2020: 360
2021: 450 (usd gained 25%)
2022: 600 (usd gained 33%)
2023: 750 (usd gained 25%)


So using the same 25% expected annual loss rate.

Dollar in 2024 should have been: 937.5
2025: 1171
2026: 1464

So as of now, the currency is stronger than it would have been if the old terrible policy had been kept, and it's much more accessible too.


For fuel subsidies.

Electricity subsidies as currently enjoyed by low income people is more important than any unnecessary fuel subsidies


It makes no sense for anyone to buy fleet of V6 and V8 vehicles and expect to buy fuel at #200.

The average joe doesn't even drive an I4.

so their exposure to fuel prices is mostly often overstated.

On most routes, transport costs have only increased by 3x over the past 3 years, even though pms prices are now 7x costlier.

The V8 guys are definitely paying the full 7x, but the exposure on the masses isn't more than 3x.
Awesome Baba, interesting words but it speaks volume of what currently holds and what could have been.if events took a different turn.

Looking back, GEJ would probably take the blame as a cowardly President which Nigeria did not need at that time when there was some level of resources to support the removal of foreign exchange and petrol subsidy policies which would have had significant impact as at today. His plan to redirect the resources saved from those removal to a Sure-P system similar to the Petroleum Trust Fund would have removed the Governors and Local Government Chairmen from the wanton thieving and looting we see today.

If he had also succumbed to the wishes of his party members from the Northern extraction to not contest the 2015 election so that his tenure would not exceed 8 years as well as compensate the North for the loss of Yardua, Buhari would never have become President and never have the opportunity to deal with Nigerians through his absent minded and nonchalant rule.

One other thing GEJ failed to do when he became President was reverse the cancellation of the sale of the Warri and Port Harcourt refineries and return it to the BlueStar Group owned by Dangote and Otedola. I am not sure Nigeria will be in the mess it currently is today but the hawks and gluttonous cabal around him no allow am see the future.

Though the followership is a problem in this country, the calibre of leadership for an entity like Nigeria has been abysmally disappointing and baseless without any iota of forward thinking, mind blowing vision for the country.

🤷🏽‍♂️
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:46pm On May 19
ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad. undecided
So you attribute the battles between Dangote and the cabal as the government? Who came top at the end of the day?
If the government did not want the refinery to succeed, it is the easiest thing for them to kill. And that would come with a big ovation from the West
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 6:47pm On May 19
ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad. undecided
You're misrepresenting the facts.

True, A significant portion of our stability has come through Alhaji's efforts.

But when you now make it seem like the sabotage Alhaji experienced was from the government, you're very wrong.


Refineries false claims as well as low crude supply to dangote refinery we're done by Mele Kyari who was a Buhari appointee. You make it sound like after Mele did all those, this government gave him promotion, the reality is that he was fired.

Same with Farouk and his shenanigans at NMDPRA, he too was a buhari appointee, all it took to remove him from office was a press conference Alhaji held.

No person analyzing these situations with an open mind would say Alhaji has gotten anything other than good support from the government.


How about the fact that the government allowed Alhaji to be single handedly dictating pms prices whenever they want? That used to be done by Presidents back in the day.
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 6:48pm On May 19
ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad. undecided
Osita Baba, if Dangote had been allowed to be partners with the FGN on the Warri and Port Harcourt deals, over USD20 billion would ha e been saved and we wouldn't have had a major forex issues over the years.

Nigerians forget that a significant portion of the USD20 billion was extracted out of our resources at heavily subsidised rates to get Dangote to give us the monolith refinery domiciled in the country.
Re: Nigerian Stock Exchange Market Pick Alerts by GeneralDae: 6:49pm On May 19
ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad. undecided
NNPC refineries opening was no fake claim. They did open and they worked but were not profitable. This means you are not getting profit from the sales after putting in crude oil. This current management of NNPCL was more concerned about the books (rather than patiently waiting for it to increase capacity) and felt NNPC shouldn’t continue to make losses on it by supplying it crude and realising no profit when same crude could either be exported or given to Dangote.
As for NMPDRA chairman who fought Dangote, he has eventually been sacked because of Dangote. Mele Kyari also sacked. The VP called a Dangote a national treasure when PENGASSAN was attacking him. What else do you guys want this Government to do for Dangote for you to believe they are not against Dangote?
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