₦airaland Forum

SSpeter:
Soludo was more than a banker, he was a Consultant to both the world bank and the IMF.

Please LET US AVOID unnecessary argument.

When did being a consultant to WB and IMF equate to being a banker?
So an accountant that consults for a stock broking firm is now a stockbroker? Una no go kill person for this Nairaland.

Next moment you will start arguing semantics.

SOLUDO WAS NEVER A BANKER.

You can take your argument and logic to a palm wine bar.

crossbreedwears:
Anybody can be appointed as CBN governor as long as he or she has many years in the banking sector.

Soludo never had a single year in the banking sector.

I stand to be corrected.

FreeStuffsNG:
smh. It is so obvious that you are not from Lagos

Rather, he is a baby.

Never forget the fact that most of them here are babies claiming to be adults.

BreconHills:
Thank you. Sadly, I exited the market in 2009. Before that I used to teach investment and technical analysis. I have a company that still supplies African eod prices and corporate actions but I am not really a player anymore 🤷‍♂️

Wonderful.

On the contrary, I am an addict and still trade regularly.

I doubt if I can ever leave.

BreconHills:
The stock market fell for several reasons

1. There was too much money in the market fuelled by easy margin loans. Pure speculation resulted- It got to a stage Evans Pharmaceuticals was doubling every x days without any improvement in its fundamentals.
2. As with any bubble...rumour overtook legitimate market news. Who can forget Oceanics phantom financials that led to frenzied buying of its shares. Pure lies.
3. Poor regulation. The NSE was simply chasing records on a booming All share Index. Financial reporting was lax and listed companies did what they liked
4. When Dubai and the US subprime mortgage market was tanking, funds began exiting Nigeria for real estate overseas. I can say that Nigeria almost single handedly saved those markets from collapse. I still remember those girls being prostitutes to sell Dubai properties even in Malls.
5. Foreign portfolio investors did a "concert party" on the Nigerian Market suckering players by pushing up prices and exiting in well timed exits. MMM style.

What a time that was - suicides, home foreclosures, tears and anguish. I saw shege from one bank like this on margin loan. Those guys expoited ignorance of margin loan fine print ehn! Sold themselves houses like gala.

A time and a half. Kudos to anyone who survived it. 👏

KUDOS!

I will start watching out for you from now on concerning stock market threads.

This article is to say the least alarmist.

What was the share price of FB Holdings before the fighr started?
What is the realistic value price of FBN Holdings shares?

Was it not their roforofo fight that shot up the price in the first instance?


The loss being talked about is therefore subjective.

Menclothing:
They should play their game outside the stock market or else all would loose including shareholders

Unfortunately, the stock market is THE ONLY PLACE where that game can take place.

It is thru the market and no where else that you can acquire the shares.

That was why Tony Elumelu sweated like she goat the last time this same Otedola acquired the shares of Transcorp on the floor with a view to toppling him.

Why not Morocco?

Useless NFF

Instead of you to repair your sinking ship, you are busy chasing Wike up and down.

LAS Las, una go get sense

relagze:
This is a sucker punch by the CBN. Lets see how the currency respond.

There is no sucker punch here.

The big banks have already declared their dividends and did not factor in the astronomical profit as a result of the FX gain. If this had come before they did then, shareholders that are "hungry" for too much dividend would have felt let down.

Not paying dividend from the FX is "elementary, common=sensesical" accounting.

Meanwhile, the "response" of the currency has nothing to do about this.

ojesymsym:
Baba if you know so much about NSE why we non de see you for the NSE thread. I am sure we could do with some of of expertise as you seem to have displayed here.

Check at least the last two threads on NSE especially the ones about the all time high index and you will find me there GIDIGBA.

Thanks for your kind words though.

barinedan:
It's a shame indeed, I won't support evil because it's wike. If the FCDA cannot provide a functional microphone during an event then, one will wonder how they have been running the affairs of that office

You are absolutely correct. Ciivel servants are used to the laxity. Just shake them.a little and they start calling the fellow names.
Ordinary microphone that will work seamlessly for a church pastor cannot work for minister.

Reminds of a a Japanese who lodged in an hotel and the tap was not running. The man said" I wonder how you people can run an economy when you cannot even run an hotel".

Vinnie2000:
This Man is just FOOLING himself.😒😏

The Northern APC Power Brokers will soon pressure Tinubu to do away with him. 🙁😕

Is it the imaginary northern APC power brokers that your ilk said will not give Tinubu the presidential ticket? Or the same ones that people like you said will never work for him but are only deceiving him?

Dey play!

JealousCobra:
,😎


yoruba and fulani people and over load!

Packing people like sardines in the name of " attachment" from owerri to Lagos is not overload?

ALCOHOLKILLS:
Useless regime, with stupid polices affecting the poor. Well i never expected anything good from a drug Lord. tinlupoo will be the worst Nigerian president selected by inec

dingbat

And if he becomes the worst, that will prolong your own life by twenty centimeters?

Are you sure you can continue with this for the next four years?

Mrpojj:
They have always been the one gaining from of the difference in forex and exchange rate

Please don't say what you don't know.
You could have typed K, L,M like your contemporaries on the front page and move on.

Good policy from the CBN but the fact remains that the banks are not even thinking of utilising the FX gains to pay dividends.

Most of the banks that have so far declared HY dividends have the intention of paying what they paid same time last year.

Zenith and GT paid..50k as half year dividends and are paying the same this year. So also is Fidelity Bank. If they were to pay from the FX gains, the first two banks I mentioned will pay nothing less than N2 per share.

Good thinking by the apex bank because I as a shareholder will not want such to happen.

To the idiot that argued with me concerning shares the last time, I am looking forward to your comments.

Children on Nairaland forming what they are not.

Instead of PDP to build their sinking ship, they are busy wailing and crying about Wike.

How long will PDP stay in this political wilderness?

Like play, like play, Pogba career is finally at the end.

There is no way he will not surpass Yekini's record as long as Nigeria plays Sao Tome, Madagascar,Mauritania and Mauritius.

Yekini never played against any of those third rated opponents.

I am not blaming Osimen because he is not the one doing the draws.

Just putting things in prosper perspective.

After hoodlums burnt down his property at home?

Abeg make una pity Saraki boy boy ooo.

ufotunang:
...Obansanjo and Jonathan won election free and fair

If Obasanjo knew how to win an election in a free and fair manner, he would not have called election " a do or die affair"

Jonathan won an election free and fair? With all that happened in Rivers and Delta?

Good night sir.

Revolution2022:
There was none.Even the witnesses who worked as the inec ad-hoc staff during election testified to the PEPT that they successfully transmitted the senatorial election results into the IREV,but couldn't do so in the presidential.Inec chairman attributed it to a network glitch.While you are stating a different reason.Lie Mohammed

Sorry sir.

Zxcvbnmghtr:
I travel very frequently to these countries. So, I know very well. Infact, if my siblings living in Canada had not purchased their current home few years ago which they are meant to pay for a term of 20 years it would have been very difficult for them presently because the interest rate has been increased.

Our dad too was privilege to tour many countries due to his kind of job. In his own days though, Naira was stronger but his story is that, life is better today than it was then because despite the strong value of the Naira it was very challenging to get and to see people buying cars, building houses unlike today. He said, if you get to buy a bicycle then, you will be celebrated.

Unfortunately, may that will argue with you are young, un-exposed and extremely ignorant who have not even been to one third of the states in Nigeria talk less of being to any of the International airports for that matter.

Revolution2022:
Was that the reason why INEC shutdown the presidential election portal and opened others during election day?

Because there were tens of thousands of cyber attacks on their portal with the aim of accessing the voting figures.

iNFORMATION ACCORDING TO INEC.

ufotunang:
...and why can't Tinubu win election free and fair?

Kindly educate me by telling me whoever has ever won an election free and fair in Nigeria. Either dead or living.

Waiting to learn from you sir.

Zxcvbnmghtr:
When last did you travel to the U.K, Canada and United States of America? The reason why am asking you this question is to know if you are aware of the economic challenges with respect to basic life needs such as shelter and food.

It is very much more challenging living in those three countries as it stands today.

Let me help you.

For most of you that do not know, the cost per month for a room in UK is now 1000 EURO .

People that are shouting Nigeria is this and that, kindly convert that to Naira as you are wont to do any time you compare data an statistics.

amnesty7:
One of the most intelligent women this country ever produced.

I like your sense of humor

Show me a governor who got elected and never donated stuff to the police immediately on assumption of office. And I will show you a virgin in a labour room.

By far, the easiest way to recover election funds.

onlinediva:
A client was interested in this Toyota Corolla and he invited my team at Autos and Cartalk (Limited) to inspect it for him.

On getting to the car, it has about 300,000 miles on its mileage and this has been done to its battery compartment.

Will you still buy it despite all that?

The client will be paying you for a professional advice he/she expects from you.

Now that you are asking us, does it mean you will go ahead with the advice on Nairaland despite your expertise?

Kukutenla:
So mtn saying "everywhere you go" which is simply not true us what then?

Good night sir.

Occurstaem:
This shows that Rufai Oseni is highly unprofessional.

The level of unprofessionalism is disgustingly alarming.