₦airaland Forum

sleeknaija:
I got the text message too. Check ur spam mail box.

How real is this recruitment?

locodemy:
Nobody is arguing you.
We are looking at what makes CBN to carry out this sanction.Do you think CBN don't have eye to see?
I will suggest you watch the adverse effects on the economy generally before defending the firms involved.

samguru:
Good evening @Nigerialabalaba

I having been reading and following your submissions since you opened discussion on this Fx matters and at this juncture, I want to let you you know that you have little or no knowledge about dynamics of FX at all.

If you have been tracking Nigeria Balance of payment in the last 5 years, you will discover Nigeria has been consistently recording balance of payment deficit, which implies we have been importing far more than what we are exporting. what this means is our dollar earnings is dwindling but we are spending more dollars everyday.

The diasporas that should be helping to reduce dollar demand pressure are holding on tight to their hard earned dollar as they know naira loses value quickly.

Our politicians are making dollar scare, as proceeds of their corrupt activities are always stashed in dollars(in their wardrobes),also the rule of PTA/BTA does not apply to them as some of them spend as high as $150,000 to $300,000 on a single trip.

If we want naira to be strong, we need to start exporting massively so that we can have more dollars.

The fintechs are not the problem at all as the FX they consume is insignificant.

Let borrow Mr President phrase

Fintechs dollar demand is A DOT IN THE CIRCLE

Mpeace:
This group is fast derailing. Surprisingly the main actors of the derailment have not been regulars here. It appears like they just invaded this platform, hijacked it in order to discourse their own topic which does not align with the aim of this thread.
For the avoidance of doubt, the thread is NIGERIAN STOCK EXCHANGE MARKET PICK ALERT.
May we be properly guided please.

Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.

Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.

We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .

I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.

These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.

Nigerialabalaba:
Oga, no vex. I no dey fight you. I just dey tell you say na too much sense and greed dey worry una. If una wan make clean money, the opportunity booku but una just love quick gains scheme. I no dey do am because I no say na wayo and I no say na thief una dey thief . NSE dey give me joy and e no add sorrow to it.
The case dey court, make we leave am like that.

road2ff:
Had similar experiences with my fbhn, gsk and wapco last time out, even contacted them at Morgan, I was told I must have applied for it at some point and I am 100% sure I did not apply for any thing of such, I am still finding answers

igbosoro:
Hello,

Please what is driving con Oil to almost full bid, The Bid far outweigh the offers.

I appreciate response from the ogas on any hint. @mcy56, @samguru, @megawealth, @locodemy,

Thanks

Lovelygbems:
07067025484

Lovelygbems:
07067025484

yMcy56:
Yes.
Qualification Date: 13th Aug. 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33916_MEYER_PLC%20CORPORATE_ACTIONS_(MEYER_PLC)_CORPORATE_ACTI.pdf

No single drop since market opens.......holders holding very tight.

yMcy56:
Wow! That's great. Thanks.
Late info cos it's already on full bid @64k and very illiquid.

yMcy56:
MEYER
Dividend: N1.50 .....for a stock trading @0.59k as at yesterday?
@Salanda or anyone wey sabi pass me, come explain o.........Thought a company cannot give dividend above it's market share price?

yMcy56:
Hhmm. We wait to see it.
I'm sure GTB will pay interim dividend too........if result is not too good, then it could be the transition to Holdco pal.ava.

yMcy56:
We are still awaiting the banking results and the tier-1 dividend announcements.......

SEPLAT is doing well.......quarterly dividends seems to be the new thing in vogue now.....

In another news, SEC's corporate disclosure section is very unserious, one document was uploaded more than 10 times for Cadbury, Airtel, Mcnichol and few others...
Even if it's network or server error, aren't they supposed to delete the duplicated copy?
Just an observation anyway....

yMcy56:
Ok thanks.
Will recheck.
Still an impressive result nevertheless.

javaguru:
governors dey pay tax?

AKWATGOLD1:
This is the result of putting one's life in girlfriend hand.

I strongly believe if this lady knows where she can just cut his boyfriend heart, she will not hesitate to activate it.