₦airaland Forum

SimpleGuy001:
Nope. That is why you need to do your check. Immediately they released their FS. After my analysis, I knew it was expensive and immediately bail out. (Not withstanding the general bearish movement, it was overvalued).

Ginalex:
I don kuku liquidate another set of FI. Na me and WAPCO tomorrow. #buythedip. Unrealized gain in TIP is what is keeping my portfolio afloat

isaacosas01:
So lemme tell you guys what is going on in the short term.

Dangote private placement issued it’s allotment offer letter last week.

Those who got the offer last week have till this week to pay otherwise they lose it.

They are selling the most liquid stock to raise cash to take up their offer.

PETERiCHY:
Una get mind oooo
WAPCO that traded @t #9:00k 6yrs ago

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
Una get mind oooo
WAPCO that traded @t #9:00k 6yrs ago

BARGAIN HUNTERS TAKE NOTE!

awesomeJ:
If you ran the numbers, the PP isn't significantly responsible for the market crash.

First the PP positions need funding in USD.

Alhaji mentioned people already put up, USD2bn, meaning that they probably had that liquiduty on hand.


Now the numbers:
Market has done 20 Sessions with c. 40bn per session. That's less than 800bn total or USD 500m ish.



So, even if everyone who sold never put a dime back in the market, the entire procceds for the whole month is nowhere near the liquidity required for the PP.

The PP had some impact, true but Let's put it on the right scale.

Abi Davido for instance needed to sell shares to fund his own??

Mpeace:
Dangote refinery IPO will deal with this market. I have sold some stocks to reserve money fo the IPO

Ginalex:
When I see things like so so so will never go below so so so price, in mind I'm always like (make we dey see😁). Nahco that I set 100 and 150 as my target entry prices, e don break 150 now trading below 140. If I had not sold at 259 then, e for pepper me ehn ...

Ginalex:
I don kuku liquidate another set of FI. Na me and WAPCO tomorrow. #buythedip. Unrealized gain in TIP is what is keeping my portfolio afloat

awesomeJ:
If you ran the numbers, the PP isn't significantly responsible for the market crash.

First the PP positions need funding in USD.

Alhaji mentioned people already put up, USD2bn, meaning that they probably had that liquiduty on hand.


Now the numbers:
Market has done 20 Sessions with c. 40bn per session. That's less than 800bn total or USD 500m ish.



So, even if everyone who sold never put a dime back in the market, the entire procceds for the whole month is nowhere near the liquidity required for the PP.

The PP had some impact, true but Let's put it on the right scale.

Abi Davido for instance needed to sell shares to fund his own??

Beeron:
You selling stock to reserve money for Dangote IPO is like selling a land after years of accumulated value just to take the money to Bet Naija shop to place odds on Bets.


Have you asked yourself. What if after the buying hype fades and valuation didn't hold up?

That means your money will be trapped due to FOMO.

How Spacex turned out should have given you a clue.

megawealth01:
Bargain hunters don dey tire bayi

megawealth01:
Bargain hunters don dey tire bayi

megawealth01:
Your NHF Money is Waiting, Here's How to Get it

For all the years in Service, 2.5% of your basic salary was deducted Monthly.
It was labeled “NHF” on your payslip.

Most officers retire and never ask about it.
But that money didn’t disappear. It’s with the Federal Mortgage Bank of Nigeria (FMBN), and you can claim it with interest.

Here’s how:

1. The Money Is Yours by Law

The National Housing Fund Act says every public servant contributes 2.5% of basic salary.
When you retire, resign, or turn 50, you’re entitled to a refund of all contributions + 2% interest per year.

It’s not a loan. It’s your savings.
But FMBN won’t pay you automatically. You have to apply.

2. Check If You Have Contributed First before applying, confirm if FMBN has your records.

Do this:👇

- Go to the nearest FMBN office with your ID and service number.

- Ask for your “NHF Statement of Account”.
- Or try the FMBN portal....
- under “NHF Contributors”.

If your records are missing or wrong, fix it now. Wrong name, wrong IPPIS number, or missing deductions will delay your refund.

3. Documents Needed for Application.

Get these ready:

1. NHF Form 1– “Application for Refund of NHF Contributions”. Get it free at any FMBN office.
2. Retirement Letter from NCS
3. IPPIS Stoppage Letter – Proof you’re no longer on payroll.
4. Valid ID– National ID, Driver’s License, or Passport.
5. BVN Printout & Bank Statement– account must be in your name.
6. 2 Passport Photos
7. NCS ID Card,for example

4. Where to Submit

Take the completed form and documents to any FMBN State Office.
If you’re in the North, there’s one in Kano, Kaduna, Maiduguri, etc.
If you’re in the South, check Enugu, Port Harcourt, Lagos, Benin.

You don’t need to travel to Abuja unless your case is complex.

5. How Much Will You Get?

It depends on your basic salary and years of service.

Example: An AIC in NCS who contributed for 25 years on ₦35,000 basic will get roughly ₦380k – ₦420k with interest.
A senior officer with higher basic and 30+ years could get ₦800k to ₦1.5m.

If you took an NHF loan, your contributions were used to offset it first. So check your statement to know your balance.

6. How Long Does It Take?

If your records are clean, FMBN processes refunds in 30–90 days.
Delays happen when names don’t match, or deductions were never remitted.

If they delay beyond 90 days, write to FMBN Customer Care and copy the CBN Consumer Protection Department.

7. Important Warnings

Application is free.Don’t pay anyone “to fast-track” it.
If you are dead, Service next of kin can apply with a Letter of Administration.
Start now, even if you retired years ago.
There’s no time limit for claiming it.

The Problem: The Service never educates officers on this. You retire, walk away, and lose money that’s rightfully yours.

The Solution: Share this post. Inform retired Officers.

Check your NHF status today. Don’t leave money on the table.

-ACSIN

#NHF #housing #retirement #civilservice

isaacosas01:
So lemme tell you guys what is going on in the short term.

Dangote private placement issued it’s allotment offer letter last week.

Those who got the offer last week have till this week to pay otherwise they lose it.

They are selling the most liquid stock to raise cash to take up their offer.

Agbalowomeri:
He will still sell his Oando at N25

Beeron:
The way you buy the dip with happiness and glee, it makes me admire your courage.

I saw somewhere where you bought DANGSUGAR, I shook my head because, you need to buy more dip.

Now you talking of more dips to buy without being strategic to know if those stocks have found support.

If you follow only discounted price to buy dips, you will keep buying dips so much so that, you will be the one giving people wanting to dump the stock a life line.

toyeoye:
🟢 ELLAHLAKES takes the lead.
Up 7.78% to ₦9.00, the stock tops intraday's gainers board despite the broader market's weakness.

megawealth01:
Your NHF Money is Waiting, Here's How to Get it

For all the years in Service, 2.5% of your basic salary was deducted Monthly.
It was labeled “NHF” on your payslip.

Most officers retire and never ask about it.
But that money didn’t disappear. It’s with the Federal Mortgage Bank of Nigeria (FMBN), and you can claim it with interest.

Here’s how:

1. The Money Is Yours by Law

The National Housing Fund Act says every public servant contributes 2.5% of basic salary.
When you retire, resign, or turn 50, you’re entitled to a refund of all contributions + 2% interest per year.

It’s not a loan. It’s your savings.
But FMBN won’t pay you automatically. You have to apply.

2. Check If You Have Contributed First before applying, confirm if FMBN has your records.

Do this:👇

- Go to the nearest FMBN office with your ID and service number.

- Ask for your “NHF Statement of Account”.
- Or try the FMBN portal....
- under “NHF Contributors”.

If your records are missing or wrong, fix it now. Wrong name, wrong IPPIS number, or missing deductions will delay your refund.

3. Documents Needed for Application.

Get these ready:

1. NHF Form 1– “Application for Refund of NHF Contributions”. Get it free at any FMBN office.
2. Retirement Letter from NCS
3. IPPIS Stoppage Letter – Proof you’re no longer on payroll.
4. Valid ID– National ID, Driver’s License, or Passport.
5. BVN Printout & Bank Statement– account must be in your name.
6. 2 Passport Photos
7. NCS ID Card,for example

4. Where to Submit

Take the completed form and documents to any FMBN State Office.
If you’re in the North, there’s one in Kano, Kaduna, Maiduguri, etc.
If you’re in the South, check Enugu, Port Harcourt, Lagos, Benin.

You don’t need to travel to Abuja unless your case is complex.

5. How Much Will You Get?

It depends on your basic salary and years of service.

Example: An AIC in NCS who contributed for 25 years on ₦35,000 basic will get roughly ₦380k – ₦420k with interest.
A senior officer with higher basic and 30+ years could get ₦800k to ₦1.5m.

If you took an NHF loan, your contributions were used to offset it first. So check your statement to know your balance.

6. How Long Does It Take?

If your records are clean, FMBN processes refunds in 30–90 days.
Delays happen when names don’t match, or deductions were never remitted.

If they delay beyond 90 days, write to FMBN Customer Care and copy the CBN Consumer Protection Department.

7. Important Warnings

Application is free.Don’t pay anyone “to fast-track” it.
If you are dead, Service next of kin can apply with a Letter of Administration.
Start now, even if you retired years ago.
There’s no time limit for claiming it.

The Problem: The Service never educates officers on this. You retire, walk away, and lose money that’s rightfully yours.

The Solution: Share this post. Inform retired Officers.

Check your NHF status today. Don’t leave money on the table.

-ACSIN

#NHF #housing #retirement #civilservice

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.24%
SEPLAT. ±

megawealth01:
OANDO case pass NGX

pluto09:
The way a TA person will approach the market is different from how a fundamental analyst will do.
What is important in FA is valuation,once you can get to buy a good company at a discount to fair value,every other thing is bonus .

ogawisdom:
Lol Obi is a major challenger to Tinubu in 2027, we can't talk about 2027 without mentioning Obi.

Obi actually won 2023 election but his lack of capacity to defend his votes exposed his weakness as a candidate. He is too gentle for Nigerian politics and can never be declared president, he is too afraid of prison. A man should suffer and die for what he believes in like Nnamdi Kanu, Sowore, Abiola etc

Courage is tooooooo important in a man

Imagine that Tinubu was able to still rig 2023 when he was not president and Buhari working against him via naira note change.

Now he is fully in charge lol

mikeapollo:
A Yoruba adage says ''he who waits for a crab to fall asleep will wait forever''

Oando has turned to a crab; better leave your trap at its burrow and go find something else to do.
Otherwise, you are on an endless wait....on a loooong thing.
Wale never ready yet!

SonofElElyonRet:
Hope they'll help me depress Japaul to N2.40

Beeron:
The way you buy the dip with happiness and glee, it makes me admire your courage.

I saw somewhere where you bought DANGSUGAR, I shook my head because, you need to buy more dip.

Now you talking of more dips to buy without being strategic to know if those stocks have found support. If you follow only discounted price to buy dips, you will keep buying dips so much so that, you will be the one giving people wanting to dump the stock a life line.

Agbalowomeri:
He will still sell his Oando at N25