Lazyyouth4u:

Who are you calling uncouth? Please don’t go there with me o.

Guy, abeg fade and stop arguing nonesense. You quoted me saying insider trading is allowed on the NYSE and calling me naive. I proved you wrong. It is illegal and people go to jail for it. You are now giving me story about how some animals are more equal than others. How does that strengthen your goof of saying insider trading is allowed on the NYSE?? Are allowed and escaping jail time because you paid big lawyers the same? This is ridiculous!!!

I would have actually respected you if you admitted it was a goof instead of these nonesense you are talking about how a few people got away. So does it make it allowed??

This one obviously got someone to write his English language in WAEC lol

Imagine the bolded

Lazyyouth4u:

Who are you calling uncouth? Please don’t go there with me o.

Guy, abeg fade and stop arguing nonesense. You quoted me saying insider trading is allowed on the NYSE and calling me naive. I proved you wrong. It is illegal and people go to jail for it. You are now giving me story about how some animals are more equal than others. How does that strengthen your goof of saying insider trading is allowed on the NYSE?? Are allowed and escaping jail time because you paid big lawyers the same? This is ridiculous!!!

I would have actually respected you if you admitted it was a goof instead of these nonesense you are talking about how a few people got away. So does it make it allowed??

There's insider trading, stock manipulation everywhere.

A better argument will be that the nse is not dynamic enough and doesn't have a diversified array of sector's that allow you to take advantage of the serious growth potential that exists in us, China and uk stocks, also there's a currency and economic uncertainty risk aspect with nse.

Forward thinking folks should easily understand that.

DexterousOne:


This one obviously got someone to write his English language in WAEC lol

Imagine the bolded

Oga you are still here picking holes in my comments? Better go and find something useful to do with yourself. Oga Emmanuel wannabe like you.

jajeri3216:


There's insider trading, stock manipulation everywhere.

A better argument will be that the nse is not dynamic enough and doesn't have a diversified array of sector's that allow you to take advantage of the serious growth potential that exists in us, China and uk stocks, also there's a currency and economic uncertainty risk aspect with nse.

Forward thinking folks should easily understand that.

In the US (and most developed markets), you will have a hard time getting away with it. It is almost impossible. Especially when you want to make big money. They track everyone that works with securities and every huge block of securities that are traded. And I mean every one. Trust me on this one. Of course some people will get away with it but it is not as widespread as it is here.

In smaller markets like Nigeria’s (and other small emerging markets)it is not a problem at all. Everyone does it.

Boss, I don’t understand the point of your second paragraph sha.. Better argument for what sir?

Lazyyouth4u:

Oga you are still here picking holes in my comments? Better go and find something useful to do with yourself. Oga Emmanuel wannabe like you.

Okay sir
I'll do just that
Thank you for the reminder

GTB just informed me that USD accounts can’t accept more than $20K per month courtesy of CBN.

This happened after I tried paying some funds into someone’s account.

Is anyone aware of this?

Lazyyouth4u:

In the US, you will have a hard time getting away with it. It is almost impossible. They track everyone that works with securities. And I mean everyone. Trust me on this one.

In smaller markets like Nigeria’s (and other small emerging markets)it is not a problem at all. Everyone does it.

Boss, I don’t understand the point of your second paragraph sha.. Better argument for what sir?

Did you read what happened in Pfizer recently?

Anyways I'll let you continue your arguments.

Big day today for us trading foreign stocks .

Enjoy!

jajeri3216:


Did you read what happened in Pfizer recently?

Anyways I'll let you continue your arguments.

Big day today for us trading foreign stocks .

Enjoy!

No arguments from my side o. Just discussions. Btw, how do you know I’m not trading foreign stocks with you sir? .

You sef enjoy!

I am actually enjoying you Both Lazyyouth & Dexterousone .
But please try to make the discuss healthy and eschews jabs and name calling

jajeri3216:


Did you read what happened in Pfizer recently?

Anyways I'll let you continue your arguments.

Big day today for us trading foreign stocks .

Enjoy!

Yea. Today will be a good day

The NSE should have even more listed companies judging by the size of our economy
But the economy has to be buoyant first to am extend at least

DexterousOne:
The NSE should have even more listed companies judging by the size of our economy
But the economy has to be buoyant first to am extend at least

This must be a topic from your school assignment.

awesomeJ:
Over 12% loss on Bitcoin today. That's 1.2m gone to the wind for anyone who rushed in with 10m.

This should help folks who were regretting not boarding feel better!

It's a crazy volatile market that is shaping up to be a pretty rewarding one if played right and sensibly.... It trades 24/7, worldwide with no breaks or resets.

To be honest, the pullback was quite obvious. It was quite unlikely it'd break 20k on first or even second retest.

That said, if it gets to 12k, I'd be reloading seriously as I think the real party would be next year

Please house it's advisable to buy first bank share, urgent advise.

Diyke4rich:
Please house it's advisable to buy first bank share, urgent advise.

no Sir, mmba, efian!

Leave that stock alone.

First tell us why you are considering buying it self.


First Bank has poor dividend payout %, that's why I said leave it.

You can make a cool 10% by March if you buy zenith at N24.50 now.
(not that I am saying you should O, because that stock will definitely fall before or by march)

So tell us why first bank?

Some people Sukuk bond at work

I am not in the country, only banking with first bank currently, i can easily purchase through my account since TB and fix deposit are currently very low.

RealityShot:
no Sir, mmba, efian!

Leave that stock alone.

First tell us why you are considering buying it self.


First Bank has poor dividend payout %, that's why I said leave it.

You can make a cool 10% by March if you buy zenith at N24.50 now.
(not that I am saying you should O, because that stock will definitely fall before or by march)

So tell us why first bank?

Diyke4rich:
Please house it's advisable to buy first bank share, urgent advise.

Na like civil service, the least efficient bank among the FUGAZ is first bank, UBA GTB, Access and Zenith. These are the 5 biggest banks in the country, they control over 65% of the market.

First Bank has the highest staff cost in the industry, it stands at N100 billion per annum, whereas GTB has less than N45 billion, Zenith , Access and UBA have an average of N50 billion as staff cost.

Zenith made profit after tax of over N200 billion, GTB made N185 billion, UBA and Access made about N90 billion, whereas First Bank struggled to make N60 billion.

The N100 billion used as staff expenses by First Bank could only generate a profit after tax of N60 billion, compared to N45 billion spent by GTB to generate a profit after tax of N185 billion.

I won't advise you to take a longer term position on First Bank. My opinion though.


Imagine First Bank gave an unsecured loan of $400 million to Omokre one of the boys of Deziane former minister of petroleum and the loan went bad.

Please who has seen this leaked memo?

Saw it on twitter just now

What does it mean for the $ to naira rates?

hustla:
Please who has seen this leaked memo?

Saw it on twitter just now

What does it mean for the $ to naira rates?

From my own understanding
I repeat
From my own understanding
Nigerians will eventually create alternative channels to by pass all these
If this memo is for real
Then the CBN governor is even dumber than I thought
But hey, make I close mouth dey look

ahiboilandgas:
let me add , mafia manager ,why nation are poor ,poorly made in china , blue ocen strategy,rich dad poor dad,millionaire next door , other people money

WORD! I've read 5 of the 7 books. OK! My top book list: I first read Think and Grow Rich in the 1990s, 80/20% Principle, The Prince, 48 Laws of Power, From Third World to First by Lee Kuan Yew of Singapore, Millionaire Mind by T. Harv Eker, Money Book by Lanre Olusola, Emotional Intelligence, Trading in the Zone by Mark Douglas... and more! All the best.

It will get to a stage where many middle class people will start opening foreign accounts and operating them from here.
Already some banks have their agents here in Nigeria trying to market their offshore banking services

And the interesting thing is that....
The balances are not so high like that...

To compound the matter
Nigeria unlike the USA does not have FATCA
So those Nigerians can operate these accounts devoid of much headache
Let the CBN continue in this act of folly
In due time, their eye go clear

DexterousOne:

From my own understanding
I repeat
From my own understanding
Nigerians will eventually create alternative channels to by pass all these
If this memo is for real
Then the CBN governor is even dumber than I thought
But hey, make I close mouth dey look

It's another price adjustment, or Devaluation if you would!

A N6 adjustment/devaluation in CBN's exchange rate going forward!

A similar memo came out when rate was set at 386.

New rate is now 392 to a USD. Another 6bn FX gains for ZenithBank. You will benefit from that as a shareholder.

NAFEX rate also closed at c. 392 from the usual c. 386

Naira has been adjusted or devalued again!

392-360 is 32.

Naira is down about 9% YTD.

By the way did you really have to say someone is dumb? you could have just skipped that part.

imsnominations@gmail.com
GreasyNomad1860

Enjoy

DexterousOne:

From my own understanding
I repeat
From my own understanding
Nigerians will eventually create alternative channels to by pass all these
If this memo is for real
Then the CBN governor is even dumber than I thought
But hey, make I close mouth dey look

$1 is now 495 on AbokiFX

We are in trouble as it seems

I have a very unpopular suggestion

Maybe we should just damn the consequences and bite the bullet
Maybe that is the only way things will change for good in this country
If not for anything
The very high NGN to USD rates will seriously trim our acquirer taste for a lot of non essentials in this country

Though it has a drawback of impoverishment
I'm just thinking out loud

The CBN monopoly on the USD should be broken
Let the BDC and the banks and the street determine the price
I'd wager that remittances inflows into the country will explode
And foreign investments will pour in as well...
Though our neighbours will also be in trouble because of how cheap things will become in Nigeria
In comparison to their own country

There are so many trade offs in the air
And none will give us a favourable short term outcome
So why dont we just bite the bullet

If we refuse to be productive afterwards
Let us suffer for it
Afterall
As we say
He that does not work should not eat

hustla:


$1 is now 495 on AbokiFX

We are in trouble as it seems

Its 499 in the platforms people use for foreign stocks

Now many young Nigerians will panic buy into bitcoin
Further dragging the currency down
This Emefiele sef

emmanuelewumi:



Na like civil service, the least efficient bank among the FUGAZ is first bank, UBA GTB, Access and Zenith. These are the 5 biggest banks in the country, they control over 65% of the market.

First Bank has the highest staff cost in the industry, it stands at N100 billion per annum, whereas GTB has less than N45 billion, Zenith , Access and UBA have an average of N50 billion as staff cost.

Zenith made profit after tax of over N200 billion, GTB made N185 billion, UBA and Access made about N90 billion, whereas First Bank struggled to make N60 billion.

The N100 billion used as staff expenses could only generate a profit after tax of N60 billion, compared to N45 billion spent by GTB to generate a profit after tax of N185 billion.

I won't advise you to take a longer term position on First Bank. My opinion though.


Imagine First Bank gave an unsecured loan of $400 million to Omokre one of the boys of Deziane former minister of petroleum and the loan went bad.

Awesome! I like your banking sectoral analyses/breakdown. Mmm... Jide Omokore.

This NCDC with their text messages sef.

They said wearing a mask is better than wearing a ventilator.

please guys is it true? cos me I'm thinking ventilator should be better now. Even the name sef "ven-tee-la-tor" so cozy!

I hope they're not trying to scam us and keep all the ventilators to themselves o.

Should I be deleting their text messages?

RuggedSniper:
Awesome! I like your banking sectoral analyses/ breakdown. Mmm... Jide Omokore.

Correct that is the name of the guy. Management kept on using shareholders fund to block the holes created by non performing loans, they never invited AMCON to buy some of the non performing loans so that they can go after the debtors, that is why I love Access, GTB and Zenith they will go after their debtors. Coscharis lost his seat on the board of Access when he guaranteed a loan for Ifeanyi Ubah, which the guy refused to pay. Access bank sold Coscharis shares in order to recover the billions of Naira granted to Ubah..


First Bank does not have core investors who owned 5% or more of the bank, unlike Access, GTB and UBA, so management is doing anyhow. First Bank has money, deposits of dead customers etc but they are not managing the resources of the company well.

Very true...I used to assume it is due to regulatory requirement.

Every now and then i usually see news report in Nairametrics and other financial section of newspapers whenever Very senior members in a company buy sharesu

emmanuelewumi:
q


Information concerning sales by insiders and their families or related parties is immediately or maximum of 24 hours. The CEO of Flour Mills bought additional 1.4 million shares of the company on Monday valued at over N50 million, by Tuesday it was in the news

awesomeJ:
This NCDC with their text messages sef.

They said wearing a mask is better than wearing a ventilator.

please guys is it true? cos me I'm thinking ventilator should be better now. Even the name sef "ven-tee-la-tor" so cozy!

I hope they're not trying to scam us and keep all the ventilators to themselves o.

Should I be deleting their text messages?

Just like saying "prevention is better than cure" na. Or are you just trying to be mischievous?