₦airaland Forum

Locotrader:
You mean you never buy Ci leasing after dropping expo on 3 of them yesterday.

Hope you can see the 3 on full trutle again.

Get Royalex and rest.All na same daily 10 10% stocks

Boss Loco, I don buy CI since Monday oo...that's why I'm complaining about Bamboo, they almost made a mess of the trade for me as it wasn't executed until late I'm the night, I was able to join the train at 7naira+, saw -10% loss when I checked it yesterday.
I will check out Royaleclx and Japaul too...thank you

C.I Leasing nawa.

Meanwhile I'm wondering why there's so much hype on Bamboo. Took more than an hour to just place a trade, worse of all the trade wasn't executed until 10pm at night and even at a different price. Bamboo investors una dey try oo, this is a disappointing experience for a first timer like myself...

Phlinx:
Be careful Morgan capital is having realtime feed issues. You will not be able to see what is happening in the market!

Thanks for the recommendation. I can go right to play store to download right?

Any initial fees, will a cscs account be assigned straight up?

Zegra:
No but you can login and carry out transaction on the web interface

Thank you.
How do I start, is there a website?
Any initial fees to pay, will a cscs account be assigned ?

1kinggy:
You need to find a direct broker.

Yeah truly...kindly recommend.

Morgan capital seem to be popular...can we use their app on a mobile device?

God it's taking ages to place a simple buy order on Bamboo....up to 15 mins now...

Is this the way it's always been, for old users?

Mankind2024:
What's your investment objective? What's your risk appetite? How would you handle a 50% portfolio drop on a red day? What's the source of your investment funds - salary, savings, or business?
Educate yourself before investing your hard-earned money in stocks.


https://www.youtube.com/watch?v=QpedKVOcBuM?si=g5g_UQY3EGjs0k2C

Hmnn, thank you
Financial freedom is my main objective, being able to live off dividends, currently have a MMF running with ~20% returns annually which you know is quite passive, looking to diversify and get more active that's why I have chosen stocks, source of funds is savings and salary.
No one prays for a red day and seeing portfolio doen by 50%, it's a reason why I've decided to commit an almost negligible portion (1%) from cash accessible to learn the ropes and study the market for a start...

EDUECO:
Are you a lady ?

Do you have what dey can guide?

Just joking

Lol, na only lady need guiding abi

Wetin man do man

Mankind2024:
Hey there, hustling lady! 👋 I'd be happy to help guide you through the Nigerian stock market. Don't worry, investing can seem overwhelming at first, but with some guidance, you'll be navigating it like a pro in no time! 💪 What are your investment goals, and what kind of returns are you hoping for? Let's chat here and I'll do my best to point you in the right direction.

Please let me join your guidance or classes, I'll need your teaching too...I'm available for any lessons or sessions sir.

Erniemax101:
That ship has sailed, I'm sitting handsomely @Morgans capital

Okay
How do I start with Morgan's capital as a broker, do they have an initiation fee to start with as a new customer?

Erniemax101:
I have said it a billion times here, avoid Bamboo. If you want, I can post the silly explanation they gave me on how they calculate your average cost. If bamboo users on here take out time to do the maths, they will realize that they've been played.

Ah please share the explanation and any other thing we need to know.

megawealth01:
Here’s a side-by-side comparison of key financial ratios for Dangote Cement and Lafarge Africa (WAPCO) as of Q1 2025 and FY 2024:

📌 Dangote Cement – Q1 2025 (ended Mar 31)

Gross margin: ~59.0% (₦587 b/₦994.7 b)

Operating margin: ~40.0% (₦397 b/₦994.7 b)

EBITDA margin: 46.4% (₦461.6 b/₦994.7 b)

Debt-to-equity: ~100.6% (₦2.39 t debt / ₦2.38 t equity)

Interest coverage ratio (ICR): ~4.1× (EBIT ~₦1.27 t TTM / interest cost ~₦311 b)

Return on Equity (ROE): ~25.8% (FY 2024 baseline)

Return on Capital Employed (ROCE): ~30.4%



---

📌 Lafarge Africa (WAPCO) – FY 2024

Gross margin: ~47.5% (based on Q1 comparison note)

Debt-to-equity: Very low ~0.06 (₦312.6 m debt vs ₦553.3 b equity)

Interest coverage: ~878× (EBIT ₦228.8 b / interest ≈ ₦0.26 b)

ROE: ~21.3% (Dec 2024)

ROA: ~14.0%

ROCE: ~32.2%



---

📊 Ratio Comparison

Ratio Dangote Cement Lafarge Africa (WAPCO)

Gross Margin ~59% (Q1 2025) ~47.5% (Q1 comparable)
Operating/EBITDA Margin ~40% / 46% ~not available, but implied lower
Debt-to-Equity ~1.01× (100.6%) ~0.06× (very low leverage)
Interest Coverage ~4.1× ~878× (very comfortable)
ROE ~25.8% ~21.3%
ROCE ~30.4% ~32.2%



---

🔍 Key Insights

Profitability & efficiency: Dangote leads on profitability with higher margins across the board—gross (59% vs 47.5%), operating (~40%), and EBITDA (~46%).

Leverage: Dangote is far more leveraged (D/E ≈1.0) compared to Lafarge, which is essentially unleveraged (D/E ≈0.06). This gives Lafarge greater financial flexibility and lower risk.

Interest burden: Dangote’s interest coverage (~4×) is solid but modest versus Lafarge’s extremely low interest exposure.

Returns: Both generate strong returns on equity/capital (~20–30%), with Lafarge slightly ahead on ROCE thanks to light leverage.

Strategic tilt: Dangote’s aggressive expansion and debt-fueled investments drive scale and margins, while Lafarge’s conservative balance sheet yields stability and resilience.



---

✅

Dangote Cement delivers superior margin performance and greater market leverage—but carries leverage risk.

Lafarge Africa offers lower risk, excellent returns, and a rock-solid balance sheet, though with more modest profitability.

Kai mega, teach your boy how to read the market oo

djo120920:
My NGXGROUP has delivered 99.4% today. Started buying around 2 months ago. Now waiting for a pullback to load more. And that was my first investment in the NSE.

Been investing in North American stocks before then, which although has been successful, but none has returned 100% in 2 months for me before now. Seems like I will invest more in NSE, pull out my funds as soon as I do 50% or more, and use the loot to buy more North American stocks.

Please which broker software or sticks trading software do you use?

SonofElElyonRet:
Think depends on your target. From that $100,000 you'll obviously have another target.. if your next target is N500m you can adopt the $100,000 equivalent in naira which is like N150m and grow it from there. No go kill yourself o. Methinks you should start with lower targets and keep compounding and growing. Determine the target which when attained, you can start taking small small profits.. develop your own strategy.. you can break your major target to mini targets and celebrate each milestone.. my thoughts

Hmnn. It's clearer, thank you

SonofElElyonRet:
What may I do you for bro?

Just wanted to understand the hypothetical 100k USD as it applies to Nigeria, what is the threshold for the average Nigerian to break that barrier...would you say 10 million or same 100k USD applies here too.

Locotrader:
Access bank, VFd or Royalex

Pointer For those who missed my Ci leasing bus.

Better late than never

Thank you sir... I don hold your trouser...Loco...na your way now till I find my way reading the market well for this stock game...

omotoyecable:
Good morning house, please what train can I quickly jump on before it starts moving

Lol, nawa, na moving train we com dey find to jump on now...

SonofElElyonRet:
Loco and hyperboles

Boss Elyon, still awaiting your response on that 100k USD post oo...

kintus:
since the bus has taken-off, please give us another bus to enter.

Lol, abi na...for newbie stock traders like us. Make we pump our small 100k before we can start buying million units too

Locotrader:
Even if the app allows you to trade,you can't see Ci leasing to buy today.
Even on Tuesday , it will be trading at 10.61 and you can't also see it to buy.

I like what is happening now.When the trained parked at the station begging people to enter for free,they were just watching and prefer to chase a moving train.

Brother you will break your leg ooo.Dont chase a moving train.

Access bank is there for you now

Ah, I don't get it sir, why won't I be able to buy it. Is it a general restriction or what?

Ah Loco, and megawealth...

New to this game, trying to jump on this CI Leasing bus, but bamboo app is saying broker under review after funding my wallet...

I hope I'm still able to meet the price at 8 naira before next tuesday

SonofElElyonRet:
If building wealth feels impossible, you're not alone — especially when you're just getting started. But according to late billionaire investor Charlie Munger, the key to getting rich isn't chasing millions or betting big on the next hot stock. It starts with a single, stubborn goal: get your hands on $100,000.

"I don't care what you have to do," Munger said back in the late 1990s. "If it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000."

He admitted that it's a brutal milestone. "The first $100,000 is a b*tch, but you gotta do it," he said.

To be clear, Munger wasn't talking about letting it sit in a checking account. He meant invested — put to work, compounding over time. Once you cross that threshold, he argued, wealth starts to build on itself. You don't need to hustle harder—you just need to be consistent, stay invested, and let the math do the heavy lifting.

And he wasn't wrong.

For someone earning an average income and managing to invest $10,000 per year, it could take close to eight years to hit that six-figure target if they're earning around 7% annually—roughly in line with long-term stock market returns. But after that, something shifts. With $100,000 invested and compounding, earning just 7% per year could turn into $200,000 in just over 10 years. Stay the course, and it could snowball to more than $1.4 million in 40 years.

That's the power Munger was talking about. Not magic. Just compound interest—amplified by time, discipline, and not losing your nerve.

It's also psychological. Many financial experts agree the $100K mark is not just the hardest financially, but mentally. It's the point where habits are formed, consistency gets tested, and lifestyle choices often have to be reconsidered. Hitting that first benchmark means cutting back, avoiding shortcuts, and often working harder for longer than feels fair. And that's exactly why Munger emphasized it.

The challenge is even steeper today. Adjusted for inflation, $100,000 in the late '90s would be closer to $190,000 today. But the principle still holds. Getting to your first six figures is a financial boot camp—one that trains you for everything that follows.

Munger didn't just toss out this advice casually. He lived it. Alongside Warren Buffett, he built one of the most successful investing empires in American history—by focusing on fundamentals, patience, and math over hype and shortcuts.

So is Munger right? Absolutely. Whether it takes five years or fifteen, getting that first $100,000 invested is still the hardest — and most important — step to building real wealth. The rest may not be easy, but it's a lot smoother once the compounding kicks in.

And as Munger said, no matter how hard it is: "You gotta do it."

For those still trying to hit that milestone, there are a few consistent patterns seen among people who make it happen. While everyone's situation is different, some tend to build toward that first $100,000 through a mix of high savings rates, side income, or long-term investing in low-fee index funds that have historically mirrored the S&P 500's average return of around 7% annually. Others explore interest-bearing accounts like CDs, which at times have offered yields between 4% and 5%, though they lack the compounding growth potential of equities over longer time horizons.

Munger himself famously said the Munger family only held about three stocks—emphasizing concentration, not chasing dozens of investments. His philosophy was less about outsmarting the market and more about sticking to what you understand and holding firm.

In the end, whether it's slow, boring, or brutally hard, the $100,000 goal isn't just about the number—it's about proving you can do hard things consistently. And once that's done, as Munger promised, it gets better.

Hmnn, nice read. But in our Nigeria's term and economy, what can 100,000USD translate to in naira?

Can we say 10 million naira? Or same 100k USD applies?

SonofElElyonRet

Hello everyone,

Please I'll need a bit of guidance.

What app can I use to start buying shares, it appears from screenshots here that people use a desktop software, I'm using a mobile phone, will an app like bamboo or trove serve this same purpose?

Locotrader
SonofElElyon

Good day great investors...

Pls I'll like to know the way around here.

I have some disposables that I can invest with, however I'll like information on how naija stocks/shares is done.

What application or software do I need to download and use on my phone, is this nigeria shares similar to forex trading charts? I have basic understanding on forex charts trading in the past.

How do I navigate selecting which stocks to buy, how do I also monitor the shares, are the shares easily liquidated in case there's need when market is down.?

I see Locotrader gave some suggestions on CI and Chams, can I go in straight to pick those shares?

Looking forward to any help and guidance on how to kickstart. Thank you.

Megawealth01
Locotrader

Good day great investors...

Pls I'll like to know the way around here.

I have some disposables that I can invest with, however I'll like information on how naija stocks/shares is done.

What application or software do I need to download and use on my phone, is this nigeria shares similar to forex trading charts? I have basic understanding on forex charts trading in the past.

How do I navigate selecting which stocks to buy, how do I also monitor the shares, are the shares easily liquidated in case there's need when market is down.?

I see Locotrader gave some suggestions on CI and Chams, can I go in straight to pick those shares?

Looking forward to any help and guidance on how to kickstart. Thank you.

Gloriousangel:
I’m urgently in need of an R programming expert with some experience to run an analysis in R for me. Please DM for more information.

Contact zero 8 zero 38 six seven 95 zero 2 on WhatsApp

CharlyG1:
You have been added. Please remove your number so that bad people don't use it for something else.

By the grace of God, the Lord will meet you at the point of your need in this year 2022. Amen

Amen, thanks for the addup

I bless God for the work going on here.
CharlyG1 pls I'd like to be added to the WhatsApp group. Here is my digit.

I look forward to having to know more of God in a unified group with like-minded people burning for Him in 2022.

So far, 2022 isnt so smooth...and I'll like to nip it in the bud .
Thanks, I look forward to the group chat add up CharlyG1

Aafulenu:
PowerBI

Please regarding the power BI, what were you asked, were you given data set to analyse and create a dashboard or you submitted some of your past projects?

Really looking forward to your response Aafulenu

treelineinnovat:
I don't think creating a WhatsApp group is necessary, whatever u r xpecting to achieve thru d WhatsApp group can be better achieved here, moreso for posterity sake.

Hello treelineinnovat please add me to the group +2348186798622

Pls add me to the Whatsapp group

+2348186798622

Thanks for this great info

Please is there any exam for the selection into the post graduate program?

Also, I will like to know how the campus life is in akure and how much is the hall of residence?

Also, hows the schools infrastructure, in terms of classes, power supply, water in halls of residence and the post graduate life generally.

Lets light up this thread futarians and pg students in futa.