₦airaland Forum

hisexcellency34:
The reality is Nigerian stock market hardly responds to situations,whether positive or negative unlike other global stocks. Even if Buhari names cabinet today, I doubt if the market will be bullish

Yayira:
Yes..Was in the market that day but only selling some other stocks.. I did not buy.. even if it’s 19 naira, let them say it.. 3 naira gain na something..

Yayira:
Menh if you see people wey I don chat with on top this matter but nothing nothing.. over secretive dey worry people wey Dey board room

Mpeace:
Dangflour na my tbills. Atleast I get 30% from de sale e do me

Mpeace:
Any news on dangflour? I dey inside oh with only one leg. This driver sef. Him no get patience

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/26386_OANDO_PLC_CORPORATE_ACTIONS_JUNE_2019.pdf

Mcy56:
Happy new week sir.

Intendy:
Stocks with new 52 week lows

Dangote sugar #10.70k
Uacn #6.20k
Nahco #2.99k
Npf microfinance #1.30k

DOLLARTEX:
https://nairametrics.com/2019/06/13/court-says-oandos-ceo-can-now-file-for-judicial-review-of-secs-sanction/ session 4,episode 4.

onegentleguy:
With the policies and structural lines we have in place here, its difficult to effectively implement the right part in bold without having the 1st/left play out to some extent. ...it's difficult to converge rates @ this time without having some level of depreciation on the Naira. No thanks to the several lapses in the system !!
Which was why I said that this policy(even if its made now), would be coming a bit late. ...and can not efficiently work in isolation. There has to be other aspects to it, if indeed the aim is to get things to positively trickle down to the real side of the economy and spur the needed growth.

@aramso, yes floating comes with its cons, same way it has its pros. But the truth is; In the end we will be better off for it. For as long as there are supplementary and palliative measures to better manage it, we will be fine !!
Our call and concern shouldn't be that against a free market (free float), but against not having the measures in place that can effectively manage it. ...this is what I think we should be discussing here.
No one country can truly develop without having dark patches.
Again no one country truly floats completely. ...not even the US !! What u have is a MANAGED FLOATING... which can still allow u to tinker some things in ur favor where need be.
In fact, no country can say they have completely perfected the act of floating their currency. ...it's usually a learning process over a curve. The KEY is to ensure workable policies in place while managing it.

Like I said before, the CBN has less of a choice to allow for the convergence of the rates window sooner, rather than later !!
U can not fight the market. ...it must be perceived as been FREE, otherwise, it will only be a matter of time before 'it fights u back' or even 'engage u in a battle'. ...which, time and again could leave u worse off !! That, unfortunately, is the Nigerian situation.
The present fragile nature of the economy and 'everything surrounding it' is not 'painting the best of pictures'.
It's more of 'acadian choice' my dear.

We have 'a friend' called OIL who could turn out to be 'an enemy' and take us back to a recession, if and when we fail to do the right things at the right time !!

Salah.

aremso:
You want me to exchange words with you but never will
I do that. Kudos to you for all you have itemized above. But one thing is certain and sure I will never say cos of selfish reasons I will support policy that worsten the poverty level of the citizens. That where I stand, during the first 4 years of the clueless govt, I made better money and by God grace I will still make better in the current cluelss 4yrs but for selfish reason to support policy of devaluation without much to export, mono economy, consumption economy and not a production economy! Never will I support such policy. All the same kudos to you for all you have said.

aremso:
I have asked you the question before, I what ways would naira floating be of benefit to the economy without creating high level poverty. Cos I can see u are a strong advocate of money floating

tritritri:
https://investadvocate.com.ng/2019/06/12/cbn-injects-210m-into-forex-market/

aremso:
If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria

Yayira:
Thank you.. how do I get old prices.. like 2015 open and closing prices

lancee:
https://www.bloomberg.com/news/articles/2019-06-12/nigeria-central-bank-quashes-talk-of-exchange-rate-policy-change

Yayira:
Please I need a website where I can get price list.. don’t know why capital assets website is not opening..

rebekah2011:
certain government transactions are still being done at N306. a number of transactions have shifted to N360. Petrol imports by NNPC is one of this transaction. the effect will likely see an increase in the pump price of petrol. the interventions by CBN sometimes is confusing. it is not that CBN intervenes to give dollars at N306. it is still being exchanged at N360 that investors brought the dollars into the country. unless the interventions are being done to favour the friends of this government.

DOLLARTEX:
https://nairametrics.com/2019/06/11/boom-cbn-just-reported-it-has-floated-the-naira/

austinkenneth:
stcool abeg any news on Dangote Flour? When is AGM going to hold? Do you know?

yom2:
oga I thought u made a kill in this chams why now demarketing it? or did u bail out early because of the noise? a stock that gave u 200% u need to praise am.o
how much did fcmb and fidelity give u in that period?

locodemy:
You people are now creating awareness to this one chance stock.Until I see Q2/3 results.

rebekah2011:
Chams dividend policy you said? My Oga, I fear for you.