₦airaland Forum

Sell/Buy rates closed at ₦1358.2839/₦1357.2839. A ₦14 gain for the naira. Other major currencies also declined against the naira, indicating that the dollar isn't the only sick currency.

Streetinvestor2:
How much is it today

https://www.ngnrates.com/market/exchange-rates/us-dollar-to-naira/cbn-central-bank-of-nigeria

Ha, price is not my concern here. I'm happy about an investment I made, which will pay off as the dollar weakens.

faoogoke:
Dont be surprised that nothing will change.
The prices you think will drop will not.

Ote is only special because he wants to be (remain) on the Forbes' list. The best way to achieve that is to have booming stock prices for all his companies.

Raider76:
I like the way Otedola marketed FIRSTHOLDCO after the release of the seemingly bad results. It shows that maybe now Nigerian corporate leaders are taking the stock prices of their companies more seriously than before when they were only satisfied with just milking the companies to the bone.

Somebody shout Halleluyah! I am dancing on this for a reason.

Agbalowomeri:
Dollar is really nose-diving

Wrong statistics! Nigeria doesn't produce 40 GW--the installed capacity is 13 GW, and only about 4-5 GW is generated (usable). The country needs to minimum of useful 40 GW, which translates to at least 60 GW generation capacity requirement.

DrMB:
Is Nigeria really an "Energy Giant," or are we just scratching the surface? 🇳🇬⚡️
According to the International Energy Agency, Nigeria is the 5th largest producer of electricity on the continent.
Nigeria’s position among Africa’s top five producers is a profound paradox: despite being a "top" generator, defined by chronic energy poverty. While South Africa and Egypt use their massive outputs to sustain industrial economies, Nigeria’s similar total output is diluted by a population of 240 million, leaving the average citizen with 20 times less power than their South African counterparts.
This creates a "Giant with Clay Feet" scenario where Nigeria’s grid provides just 170 GWh per million people, a staggering contrast to the 3,522 GWh available in South Africa or the 2,001 GWh in Algeria.
If you could solve one part of the energy chain: Generation, Transmission, or Distribution, which would it be?
Let’s discuss the future of the grid in the comments! 👇



Source

All is fair in love and war. The nation is at w@r.

mikeapollo:
A govt that would alter and forge a national tax law that was passed by the people's representatives i.e. National Assembly.
A well-meaning govt would never do that to its citizens! Pure and simple!

Una well done oh.
https://www.nairaland.com/8607127/panic-lirs-moves-debit-personal

While education is very important, it's no longer confined to the four walls of formal educational institutions--esecially tertiary level. The world, the West and SE Asia at least, has gone past paper qualifications. If your goal is to make money, go learn a trade, some skills, or be an apprentice to a successful entreprenuer! It's high time people stopped going through tertiary education just to join the bad statistics, while knowing ab initio that they are not really competitve for or well connected to get the few available job slots.

BangaRice:
Who produced the cars and gadgets? Roadside technicians or graduates?

I didn't say RMB did underwrite the PO. I only pointed out a vital point that he might be missing, as indicated by the "if" clause.

emmanuelewumi:
The offer was not underwritten.

RMB is the issuing house to the offer


Read item 17

If RMB is the underwriter, then RMB provides the guarantee of full subscription and must cover any unsubscribed portion of the offer. Underwritter simply means "guarantee" for such an arrangement.

SonofElElyonRet:
Just in case Ellah didn't raise the whole N235b at PO, I'm sure Chuka would've embarked on an aggressive private placement/loan sourcing exercise, immediately the signs of under-subscription were evident, to make up the shortfall. Hewitt Benson has everything under control.. e lo fokan bale. That acquisition is a done deal. Expect price rally for Ellah when the successful acquisition is announced.. projecting a price stabilisation at N25 / N30

It's called Alárinà (an investigator or a mediator), and not Aláríyànjiyàn (an argumentator).

SixSeven:
In the past, it is the family that will do this work for you but since we wan abandon tradition, na private investigator go chop our money. You married into families, you didn't marry yourselves alone but since you want to FAFO, let me help her here:


Before modern background checks, Nigerian cultures already had systems for finding out who someone really was before marriage. Families did not rely on romance alone. They asked questions, sent people, and consulted trusted sources.

Among the Yoruba, families carried out what is simply called ìwádìí meaning investigation. A trusted person was sent to ask questions about the prospective spouse and their family. This person could be a respected elder, a family friend, or sometimes a babaláwo. The focus was on family history, character, health issues, mental illness, criminal behavior, and general reputation. The person doing this work is often referred to as Aláríyànjiyàn, meaning someone who gathers information by asking around. If the report was bad, the marriage could stop.

The Igbo have a similar process known as ịjụ ase or ịma afa, depending on the community. Families asked elders and neighbors about the background of the other family. They checked lineage, social status, repeated marriage failures, and serious taboos such as osu lineage. Spiritual consultation was also common. Negative findings were taken seriously, even if the couple already liked each other.

Among the Hausa and Fulani, investigations were done through family networks, community leaders, and religious authorities. Reputation mattered greatly. Families relied on long-standing knowledge within the community. Religious character, discipline, and family conduct were important factors. Because communities were close-knit, information was easy to verify.

In Edo culture, marriage involved family-level investigation. Families looked into ancestral history, moral behavior, and spiritual obligations. If a family had unresolved issues or negative patterns, elders advised against the union.

Efik, Ibibio, and Annang communities also used family and community inquiry. Elders spoke with neighbors and relatives to understand the family’s behavior over time. Issues like abuse, instability, or repeated divorce were red flags.

Across Nigerian cultures, the idea was the same. Marriage was not just between two people. It involved families, reputation, and long-term stability. These investigations were practical, not mystical. They were meant to prevent future problems, not to shame anyone.

What we now call background checks already existed. They were done through people, memory, and community accountability.

I'm still loaded, sitting on ~105% gain now. I'm heading to N15-16 bus stop. I think the bull run is still on for pharmas--many of them, including MAYBAKER and NEIMETH, closed on full bid today.

Bovis:
Are you still invested here or have taken profits?

From a TA POV (which we know has to be taken with a bucket full of salt) Neimeth should be due for a slight pullback by Friday

After that I can see It retesting the 7 to 8 Naira region if the trading update/result is unfavourable

I just did a scalp: Entry price 4.74, exit price 5.20.

yMcy56:
NPFMCRFBK @5.19!!
I'm sure Loco is no longer holding this 😁

* One of Oga Oracle's stocks as well....😊

* @5.20 now..

That the sector is informal may not be that accurate. The biggest livestock producers are mostly big farms in the north and some in the south. Furthemore, most of those cows you see them herding/grazing openly are owned by big men, especially in the north--hence they have records of their livestock. The dollar valuation must have been based largely on market survey and benchmark naira-dollar exchange rate.

mikeapollo:
How did they arrive at the GDP figures (in dollars) for a sector that is largely informal, unregulated and undocumented?
I doubt the accuracy of their figures, even though I know the livestock sector plays a key role in agriculture

Take note: https://punchng.com/livestock-sector-gdp-to-hit-74bn-fg/?utm_medium=Email&utm_source=Zenter-System&utm_campaign

Put your money where your mouth is.

I was down ~20% in NEIMETH between December and early this year (got stuck, it was meant to be a swing). Currently, I am sitting on 70%+ after selling a small fraction of my significant holding. So, do what thou may with the information. Although the pharmas are enjoying the benefits of the exit of two multinatonal players, investors need to be cautious--enter at the right price or, better still, with patient funds that can be tied down long term if things go south fast.

wiki15:
Hello guys. I have been following this thread as a guest for a while. Great job!
Please advise on Neimeth. Is 11.10 a good entry/re-entry point or is profit-taking still in the air?

That's incorrect. Your OTP can be delivered to your e-mail as well. I'm writing from experience.

EquityM:
My OTP is linked to my foreign number; if I stop the SMS notification, I won't be able to transact normally. I will try to divert my dividend to Sterling Bank.

Sign an indemnity form to stop them from sending you SMS notifications, and then enroll in e-mail alert or notification.

EquityM:
Living abroad, Nigerian banks charge excessively for SMS charges; only Sterling Bank does not charge at all, and they have a very swift transfer service. I usually transfer my savings to FirstAlly and then transfer it back to my Sterling Bank if I need to withdraw. UBA already charged me like 3k for SMS alerts from the beginning of Jan till now. If not for my dividend payment that usually goes there, I wouldn't mind closing the account.

So it seems. Loading mode activated--the only way is up.

Raider76:
Patiently waiting. Looks like someone wants to keep it below 70.

Given the current market situation, ZENITH should be trading in the range N74.9 to N78.9. The market is probably waiting for the Board Meeting before price correction.

Alright, thank you for the update. I'll reach out to them.

awesomeJ:
Speak to them then.

If you're consistent.

Even if it's N50m, as long as there's no month you do less than that, that should already get you 70% of the way.

Your large portfolio(Above N200m I suppose) should then get you the rest of the way.


It was from this platform too that I learnt my volumes could qualify me for a concession, so I'm happy to be part of the people informing you as well.

I trade fairly well with them (maybe not up to N100M/mo, but it's big) and have substantial portfolio size.

awesomeJ:
Do you trade up to N100m every single month??

You can't be an investor that trades only once or twice a month and expect any concessions.

@Everyone, who else uses Morgan Capital and still gets 0.5%?

awesomeJ:
I'm sure.

awesomeJ:
0.5%

Are you sure? Is that the flat rate, or did you negotiate it? I thought they increased it to about 0.75% a while ago.

awesomeJ:
Maybe I will negotiate for 0.45% commission.

That tiny 0.05% will buy me 2 cows 😁😁

What rate are you paying to Morgan Capital now?

GenZ ranking. Where are the likes of Mathematical Segun Odegbami, Sam Okwaraji, and co.

Most likey caused by blood pressure spike triggered by the fear of public speaking. Sad.

UNIBENDON, false:

UNIBENDON:
Not in Google
Everything is not in Google with respect to the Nigeria stock exchange.

Google is you friend, except you're only being sarcastic or asking rhetorical questions.

UNIBENDON:
Please I need reply to the following:
1. what year and at what price was the initial public offer of Nestle Nigeria executed?

2.what year and at what price was the initial public offer of Okomu Oil executed?

Morgan Capital now charges 0.75%.

Harddiskng:
Looks i have to leave anything Stanbic. Time to go back to Morgan, I have an account with them already and they are more hungry.

I don’t know the reason for the recent laxity the whole Stanbic business is displaying.

Mutual fund ❌ Underperforming yields
Brokers ❌ Zero traction on transactions

When you don chop belle, na sleep remain naa. Issokay.

****************************

See the screenshot below to see the wide gap between brokerage fees Stanbic is charged (yet deteriorating services) and Morgan Capital.

I have said it before you can charge higher so far your services are fantastic but the moment your service take a nose dive, people would stop tolerating your nonsense and leave you in a ditch.

Though the figure is quite substantial, calciulate the cost of maintaining fleets of aircraft/cars (pilots, fuel, hangar, maintenance costs, etc.) and security personnel alone. The value of N1B reduces drastically, and that, my friend, is why billionaire don't stop grinding--it's like riding a bicycle; you have to keep moving to maintain balance.

ogawisdom:
Rabiu alone made over ₦9 trillion in capital gains from the stock market in 2025.

Read that again.
Slowly.

For context.

₦9 trillion is about one-third of Nigeria’s entire 2024 national budget
One man. From capital gains.

Let me break the numbers down.

₦1 trillion = ₦1 billion repeated 1,000 times
₦9 trillion = ₦1 billion repeated 9,000 times

Still abstract.
Let’s go further.

Assume this.

He spends ₦1 billion every single month
For 50 years straight

That is:

50 years = 600 months
₦1 billion × 600 months = ₦600 billion

Now pause.

From ₦9 trillion.

After 50 years of spending ₦1 billion monthly
He would still have about ₦8.4 trillion left

Let that sink in.

It will take 750 years Of spending ₦1 billion every single month to exhaust ₦9 trillion

This is not hype.
This is simple arithmetic.

This is why ownership matters.

This is what markets do.

• They reward ownership
• They multiply patience
• They scale capital beyond effort

Wealth is quiet.
But the numbers are loud.

LET US LEARN FROM BILLIONAIRE - RABIU

That's a matter of conjecture.

Agbalowomeri:
But would the index in this case be a fair representation of the "average"? I doubt that it would obey the central limit theorem assumptions