₦airaland Forum

ttmax09:
Boom, way to go, binance and other crypto currency exchanges need to start fixing the daily price limit according to the official exchange rate, if they can't then they should be banned from Nigeria alongside every other crypto site, the speculation is to much, even BDC guy will check binance before giving you a rate.

kolaish:
As for the naira/dollar discussion, it is relative and has much to do with where you are coming from, and your current position. For example, from 1st January 2023 till 30 January 2024, my portfolio in stocks appreciated by 384%. During same period (January 2023 - 30 January 2024) the dollar appreciated by less than 200% (from around N700/$ to N1,500/$). So, with this narrative, I am better with my stock investment than being on dollar holding.

Moving forward, the dollar is now selling @ N1,600/$, and the highest price I see the dollar in January 2025 is N3,000/$, which is less than 100% appreciation. The crucial question to ask is, if one can make more than 100% appreciation in its portfolio between now and January 2025. As for me, I think I can make it. So, I don't need any dollar investment for now.

* dollar rate quoted is more of black market rate

PETERiCHY:
Go and Appease the gods you no gree now see as Wale don do you strong thing.

Well like we said earlier OANDO will go PLACES but not on a platter of Gold.

Some of us saw the HAND WRITING on the wall and carry our KAYA @#15.15 junction and quickly alerted BARGAIN HUNTERS to take cover.

We will reposition few days to their court case on April 17th 2024 by they will definitely dig up one positive news that cause another rally

For now we are on our ARMCHAIR observing and ENJOYING our LOOTS.

*ThE OcToPuS*

emmanuelewumi:
True yield of 23.4%, the 19% interest is paid upfront

yMcy56:
Funds still entering the market despite the TB rate that many are shouting about.

DANGSUGAR for instance, if anyone follows the activities there yesterday, he'll notice that the more some investors probably in profit were selling, the more people were making use of the opportunity to buy.
- It went all the way to -10% at some point and quickly went back up to close @75+ again.
- Huge funds still entered GTCO, FBNH and some other stocks despite the sell off witnessed generally, and quite some stocks still gain at COB.
- Guess, this is the type of opportunity some bargainers mY have been waiting for.
- No one should see his/her own investment plan as the best at any given time.....if they go, they'll still rush back again.
- Each should follow what works best for him/herself.
- Anyone moving to TB, good luck to them. They shouldn't make those in the market look like they don't know what they're doing.

Streetinvestor2:
Na common sense. No gree for anybody no mean go fight person way strong pass u.That means na emergency ward dey hungry u.Wale strong pass nse that is why he can release results anytime him like.Nobody fit remove am as ceo not that they didn't try.wale sell station put money for pucket nothing dey happen. Wale na fraudulent lawyer and controls watin dey happen for court.wale come be president blood join.
Abeg leave talk make him just pay me #20 for my investment of #12.
All this minority shareholders going to court na proxy of wale.Why you go dey waste your time for court for #7 when you could sell far above for market now...
The only reason for all this court and adjournment is simply. Wale proxies are buying for him cheap to reduce the number of people like me he will finally pay #20 because we sabi dey patient....the guy dey like our president he knows the game and it run in thr blood.

mikeapollo:
There is no need spreading rumours or fake news.
The new Oando shareholders are genuine shareholders. I got to know about this new case when someone mentioned it on Nairametrics. I google searched and I found the names of some of the new shareholders who have asked to be joined in the case. The details are online. Just search for it and read. They are not from Wale or anybody. They are Oando shareholders like you and I who may have the privilege and capacity to join the court case because they know what is at stake and want to prevent cheating.
It is not every time we come up with warped conspiracy theories against some ''rich'' or ''powerful'' men whenever something goes wrong. It distorts the capacity to do meaningful analysis sometimes.
You may be right to say that those earlier shareholders that requested for the buyout were from Wale, but the new set that have requested to join the case to oppose the delisting are genuine shareholders.

Shalom428:
It pays to watch / listen / observe / learn when people in the know are putting out some critical information. Attacking what you are not prevailed to is not wise.

PuristForest:
Dangsugar will be the stock for Q1'24....Asset next stop is 350 thats over 300%...DYOR

ProphetUtuocha:
Watch out for Oando's annual results which will be released soon. The rush will soon begin

thebargainhunte:
Oando dey carry people dey play ludo

ttmax09:
Shouldn't Transcorp hotel take the award for the most manipulated company? a trillion Naira company with 60kobo EPS, I pity unsuspecting investors who bought it expensive sha.

Streetinvestor2:
If I may ask.why did you choose to buy via black market and not official window. This country we sabi point finger while the remaining points back at us

Locotrader:
Oboy you too greedy ooo
No wonder you are still holding Transcorp and ucap right from the days of #1 till date.

But come ooooh, that chams result get as e be oooo.But na fintech stock sha.They don already map destination for it.

emmanuelewumi:
Don't expect an exceptional result from Dangote Sugar.

The catalysts for the current interest in the stock are the merger and the current price of the stock when compared to another operator in the industry

Streetinvestor2:
My guy na uba wan make me mad self.Any one that picks uba at #20 na wonderful bargain. If transcorp can do #10 for sweet die

megawealth01:
Nobi you oooooo

I just wanted to dissolve the doubts that MEGA and you are two different persons sha

megawealth01:
Bro, are you done buying ELLAHLAKES?

megawealth01:
Abeg leave my access alone... We sabi WIGWE since time immemorial... He dey help us save our money

Locotrader:
Serious intervention needed.
Lord have mercy.
https://doclib.ngxgroup.com/Financial_NewsDocs/40214_INTERNATIONAL_BREWERIES_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

I don buy mattress already.I need pillow so my neck will not bend.....

DrAwo:
This has been in the public space for a few days...

https://nairametrics.com/2024/01/27/access-holdings-gets-regulatory-approval-to-acquire-majority-stake-in-arm-pensions/?amp=1

https://nairametrics.com/2024/01/29/a-new-horizon-for-pension-as-arm-pensions-and-access-holdings-agree-to-a-merger/?amp=1

Locotrader:
Devaluation and inflation in the country.

When you sell stocks and hold cash, your money will vanish within months and you will be asking, what did I do with money.......

When you sell stocks and buy dollar, you will not have rest of mind like oando shareholders because of uncertainty.

3 things are for me now because of devaluation.

To invest more money in my passive income(shares) because it is the right place to remain now to combat inflation.

To inject more more in my active businesses to take care of family needs.

To buy some portions of land from Japa people at bargain prices.

Locotrader:
Devaluation and inflation in the country.

When you sell stocks and hold cash, your money will vanish within months and you will be asking, what did I do with money.......

When you sell stocks and buy dollar, you will not have rest of mind like oando shareholders because of uncertainty.

3 things are for me now because of devaluation.

To invest more money in my passive income(shares) because it is the right place to remain now to combat inflation.

To inject more more in my active businesses to take care of family needs.

To buy some portions of land from Japa people at bargain prices.

pizapato:
The red in the market is sponsored by official devaluation of naira to ₦1,300+ in the I&E.

People are probably taking profits, which is they are likely shifting to dollar since black market rate is expected to move towards 1700-1800 by the end of Q1 or by Q2, and 2k by September when foreign students start a new session


If not for Dangote Foods, me self for just carry my money run cos as person dey make profit na so devaluation dey pinch am

Bizibi:
the problem is getting a potential buyer to buy those scraps. They need to lower the price on them because I saw the price on pH refinery and I told myself I will take extra effort to make an investor to cough out 500m Dollar for that refinery now.

Bizibi:
as far as I am concerned dangote refinery is for international market, people should be more focused on the port Harcourt refinery. Infact we need more modular refinery for domestic demand.