₦airaland Forum

Nostradamus1:
This is the major reason why her father is a billionaire. Steal from the poor and remain stingy . I am glad at what redfitors are doing to these bloody capitalists

Which redfitors? Then don block them and throw keys away. It will never happened again.

Airtel Africa Grows Customer Base by 11 Percent to 118.9 Million in Q3

Airtel Africa Plc, Africa’s leading telecommunications giant, on Friday announced it grew revenue by 13.8 percent to $2,870 million and customer base by 11 percent to 118.9 million in the third quarter (Q3) ended December 31, 2020.

https://investorsking.com/2021/01/29/airtel-africa-grew-customer-base-by-11-0-percent-to-118-9-million-in-q3/

CAP Plc Profit Before Tax Declined by 28.1 Percent to N532 Million in Q4 2020

Chemical and Allied Products Plc (CAP), Nigeria’s leading paints and decorative company, profit before tax declined by 28.1 percent from N739 million filed in the final quarter of 2019 to N532 million in the final quarter of 2020.

https://investorsking.com/2021/01/29/cap-plc-profit-before-tax-declined-by-28-1-percent-to-n532-million-in-q4-2020/

Cadbury Nigeria Sheds 7.3 Percent on Thursday as Investors Dump Shares

On Thursday, investors traded 5,169,662 shares of Cadbury Nigeria, the highest in 2021, especially when compared to 175,058; 244,847; 535,148 and 433,686 traded on Wednesday, Tuesday, Monday and Friday, respectively.

The stock price declined by 7.29 percent from N9.60 it exchanged per share on Wednesday to N8.90 on Thursday after investors have digested the company’s unaudited financial statements for the year.

https://investorsking.com/2021/01/29/cadbury-nigeria-sheds-7-3-percent-on-thursday-as-investors-dump-shares/

Stanbic, Julius Berger Lead Nigerian Stock Exchange on Thursday

Stanbic IBTC Bank and Julius Berger led the highest gainers’ chart on Thursday as the Nigerian Stock Exchange (NSE) sustained its bullish trend.

Traders exchanged 555.321 million shares valued at N5.764 billion in 6,386 deals during the trading hours of Thursday.

https://investorsking.com/2021/01/29/stanbic-julius-berger-lead-nigerian-stock-exchange-on-thursday/

Cowrywise Moves to Push Product Offerings With $3m Pre-seed Funding

Cowyrwise, Nigeria’s leading digital wealth management platform, has secured $3 million in pre-seed funding to deepen product offerings, onboard more fund managers in Nigeria, complete new investment management infrastructure, broaden financial education program and continue to hire top talent.

https://investorsking.com/2021/01/28/cowrywise-moves-to-push-product-offerings-with-3m-pre-seed-funding/

European Union (EU) Shifts Restriction Placed on Nigeria’s Beans to 2022 Over Failure to Implement Food Safety

The European Union (EU) has extended the ban placed on beans coming from Nigeria to 2022 over the failure of the Federal Government to implement the submitted food safety action plan.

https://investorsking.com/2021/01/28/european-union-eu-shifts-restriction-placed-on-nigerias-beans-to-2022-over-failure-to-implement-food-safety/

ignis:
Is Ngozi an American woman?

Yes, she became a citizen in 2019.

Unusual Transaction: Anonymous Person or Group Transacts 755.008 Million Shares of UPDC Real Estate Investment on Tuesday

UPDC Real Estate Investment Trust (UPDCREIT) led the most traded equities’ chart on Tuesday as 755,007,570 shares valued at N4,152,541,635.00 were traded in an unusual transaction.

https://investorsking.com/2021/01/13/unusual-transaction-anonymous-person-or-group-transacts-755-008-million-shares-of-updc-real-estate-investment-on-tuesday/

Guaranty Trust Bank Sheds N10.235 Billion on Tuesday

One of Nigeria’s leading financial institutions, Guaranty Trust Bank, led top losers on Tuesday despite the Nigerian Stock Exchange (NSE) gaining 0.36 percent to close above N21 trillion market value.

Guaranty Trust Bank’s market value declined by 1.07 percent or N10.235 billion as investors traded 9.763 million shares at an average price of N32.50 per share.

https://investorsking.com/2021/01/13/guaranty-trust-bank-sheds-n10-235-billion-on-tuesday/

Daily Naira Exchange Rates; Wednesday, January 13, 2021

Daily Naira Black Market Exchange Rates

Bureau De Change Naira Rates

Central Bank of Nigeria’s Official Naira Rates

https://investorsking.com/2021/01/13/daily-naira-exchange-rates-wednesday-january-13-2021/

Nigeria’s Debt, Personnel Gulp N6.46 Trillion in Cost in 2020 -Finance Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Nigeria spent a total of N6.46 trillion on both debt servicing and personnel in 2020.

The Minister disclosed this while virtually presenting the 2021 Federal Government approved budget.

https://investorsking.com/2021/01/13/nigerias-debt-personnel-gulp-n6-46-trillion-in-cost-in-2020-finance-minister/

Dangote Cement Completes N9.769 Billion Tranche I Share Buyback

Dangote Cement Plc has completed the first tranche (Tranche I) of its share buyback programme that was announced on December 21, 2020.

A total share of 40,200,000 valued at N9,769,478,307.80 was acquired at an average price of N243.0218 per share.

https://investorsking.com/2021/01/11/dangote-cement-completes-n9-769-billion-tranche-i-share-buyback/

Nigerian Stock Market Closed in the Red in the First Week of the Year

The Nigerian Stock Exchange pulled back in the first week of the year after recording a 50.3 percent gain in 2020.

The market capitalisation of listed equities declined by 0.37 percent to close the week at N20.978 trillion while the NSE All-Share Index dipped by the same 0.37 percent or 150.50 index points to 40,120.22 index points, down from 40,120.22 index points.

https://investorsking.com/2021/01/11/nigerian-stock-market-closed-in-the-red-in-the-first-week-of-the-year/

Raysun Nigeria Limited Moves to Takeover Champion Breweries Plc

The Raysun Nigeria Limited has acquired 1.904 billion shares in Champion Breweries Plc for N4.959 billion.

According to the latest filing with the Nigerian Stock Exchange, Raysun Nigeria Limited acquired 1,903,609,538 shares of Champion Breweries at N2.60 per unit on January 7th, 2021 from the Nigerian Stock Exchange in Lagos Nigeria.

https://investorsking.com/2021/01/11/raysun-nigeria-limited-moves-to-takeover-champion-breweries-plc/

OBAGADAFFI:
Thanks for this.

Happy New Year bro. Can I DM you?

Trump is just insane. Looking to drive Pence crazy with so much people asking him to come through.

He kept saying if Mike Pence invalidated the fraudulent election today, they will have their election back.

Americans (Trump fans) started tagging Pence to come through, so much pressure. Hence, this letter to clarify things.

patani:
OK...Notwithstanding, the guy need to improve on his writing skills. You can not survive with this way of writing in a standard/multinational organization..

He can only get better by DOING, and that is exactly what he is doing. In a forum like this, you only need Minimum Viable Quality (MVQ) to communicate.

patani:
Improve on your writting skill...I wanted to read it but the way you wrote it made it more difficult to read...Just an honest feedback....

Don't generalise your opinion. A lot of us read it.

He is a talker. So let him talk

TemiBami2020:
They left Nigeria for the UK. His brother said he was able to reach him and he said he's not out for divorce. But I know the deceptive part of him. I lived with him for 10years.I just didn't know he could pull this kind of stunt.

He is a joke. Approach the British embassy but before you do so report a missing man and three children with the Nigerian police, copy blogs with his picture and the kids.

Create noise to escalate it, then approach the British Embassy with the details from his family, carry your wedding certificate and other legal documents, you may want to do so with a lawyer.

I am guessing they are below 18. So he needs your consent to take the kids. However, push for a case of missing three people, father and three kids with 200 million Nigerians to escalate it.

IFSHR:
Sorry for your ordeal

FCMB has always being a cheaty bank.

But out of curiosity, you said you receive such payment every month and at December you are left with zero naira. Is your expenses monthly 2k dollars ni

Salary, hosting. One man no fit sustain traffic that will pay you that much

emmanuelewumi:
You dey mind the guy, paid agents to launder the image of Ponzi operators


I wonder why Nairaland didn't bring all these Ponzi threads the the front page, so that informed people will advise people about the dangers of Ponzis and other High Yield Investment Schemes

I am even shocked that someone studying and claiming to be doing research in the United Kingdom will believe the Central Bank of Nigeria is trying to protect the banking sector from capital outflow due to MBAforex activities. FUGAZ (FBNH, UBA, GT Bank, Access Bank and Zenith Bank) combined customer deposits is N14.1 trillion.

The same MBAforex that some people are saying they received payment two days ago, some even said yesterday. Selective payment. If CBN blocked/freezed an account there will be a public statement.

MyGeneration:
Mba doesn't pay 30% it's 15%

If you believe any business in a third world country, presently in a recession, can do a 180 percent ROI per year. Then I don't know what to say.

MyGeneration:
Forex trading is real, am doing a masters in the UK though not on forex, I personally took it upon myself to research on it from our library.

This year lots of forex companies were supposed to cash out because of happenings.

Almost every news that gets out has an effect on forex, if oil price rises or fall it has effect on forex, even corona had effect on forex, even endsars protest had effect on forex, even oyigbo issue had effect on forex. The issue here is from the federal government.

Since they are limiting payment by mba forex deliberately they are low key trying to save it in order to save banks from collapsing.

The government knows if banks collapse under their watch it would be a national disaster so they go for d vulnerable target MBA Forex

You are researching the foreign exchange market in the world's financial hub and the largest retail forex trading nation, the United Kingdom, and believed the bolded? How much is MBA daily turnover? Bigger than Dangote Cement, Nigeria's most capitalised company? MTN Nigeria, the second most capitalised company that CBN will restrict its payment?

So MBA meagre revenue is what will collapse Nigeria's most capitalised sector? Has MBAforex done over N500 billion turnover like Zenith Bank in three months? That is just one bank.

MBAforex is going the way of other Ponzi schemes. No business sustained 30 per cent monthly ROI. Even Dangote with all his successes didn't do that in the last two years.

SmartPolician:
Bro, I have one million naira at MBA Forex; yes, that's my side hustle.

I have been with them for more than one year.

You see, in this life, I cannot stop taking bold steps even if it sounds crazy to supposed investment gurus.

Much as I feel bad about this turnout of events, I need fast money while I maintain my regular job. yes, I will invest more in another company.

But why? Why not learn to do it yourself, even invest in foreign assets via your phone. There are several people doing it on Nairaland. Why wasting money?

cococandy:
First of all only a few of them can afford to pay fees out of pocket for schooling in America. Very very few. Visa fees and travel fees only amount to few thousand dollars. If they are seeing it as something she owes, she can easily pay that back within a month of working.

For the very few who can afford tuition, if what they invested in the education is the issue, all that stuff can be paid back in a few years of the wife earning a good income. So when does she stop owing him?

If that’s what their marriage is about, then she’s free to do as she pleases once she feels she’s paid back enough. Right? Does that make sense in a healthy marriage?

They don’t even think of it like that because it doesn’t help their argument one bit.

Many of them talk trash that they know nothing about.

African culture has made Nigerian men wives' bullies.

cococandy:
These kids are deeply bitter. Wow.
Village people on steroids. See them hating.

Of All the people who kill their spouses, from different walks of life, different professions, different religious and ethnic backgrounds.
But the second it’s one them and a Nigerian woman involved, you see their bitterness and hate shining through.

Anyway the dumbass husband is lucky he’s dead too. Sounds like a win to you people?

They placed so much value on the fact that most of the husbands facilitate their wives documents, traveling, schooling etc to America'. For them, it's enough to own their lives.

They don't even see the wives as victims.

Airtel Africa Gained 10 Percent on Monday to Drag Nigerian Stock Exchange Out of Red Zone

Airtel Africa gained N64 or 10 percent on Monday to lead top gainers’ chart following a week of bearish trends.

Investors traded 208.095 million shares valued at N3.700 billion in 4,154 transactions during the trading hours of Monday.

NSE All-Share Index gained 1.73 percent or 592.7 index points from 34,250.74 index points it closed last week to settle at 34,843.44 index points on Monday.

https://investorsking.com/2020/12/15/airtel-africa-gained-10-percent-on-monday-to-drag-nigerian-stock-exchange-out-of-red-zone/

Nigeria’s Inflation Hits 14.89 Percent in November as Prices Jumped Across Board

Rising cost of goods and services amid insecurities and currency devaluation has pushed headline inflation in Africa’s largest economy to a record-high in the month of November.

The Consumer Price Index (CPI), which measures inflation rate, rose by 14.89 percent in November, according to the National Bureau of Statistics (NBS) report released on Tuesday.

https://investorsking.com/2020/12/15/nigerias-inflation-hits-14-89-percent-in-november-as-prices-jumped-across-board/

OPEC Lowers Demand Projections for Q1 2021 by 1mbpd

The Organisation of Petroleum Exporting Countries (OPEC) on Monday lowered expected global oil consumption for the first quarter of 2021 by 1 million barrels per day.

Despite reaching an accord with non-OPEC members to ease production cuts and up supply by 500,000 barrels per day, the oil cartel is now saying global uncertainties amid the structural impact of COVID-19 on consumer behaviors will affect consumption of the commodity in the first quarter of the year even with the ongoing rollout of COVID-19 vaccines.

https://investorsking.com/2020/12/15/opec-lowers-demand-projections-for-q1-2021-by-1mbpd/

Daily Naira Exchange Rates; Monday December 14, 2020

Naira exchange rate to a United States Dollar remained unchanged on Monday at the black market while the local currency plunged against the British Pound and the Euro as shown in the link below.

https://investorsking.com/2020/12/15/daily-naira-exchange-rates-monday-december-14-2020/

Insider Dealing: Ukpabi, Emmanuel Akwari Increased Stake in Flour Mills
The Vice-Chairman of Flour Mills of Nigeria Plc added to his stake in the company, according to the latest filing with the Nigerian Stock Exchange (NSE).

The Vice-Chairman purchased additional shares of 879,552 at N27.6 per share on November 5, 2020 from the Nigerian Stock Exchange trading flour in Lagos, Nigeria.

In a statement signed by Umolu Joseph, Company Secretary and Legal Services Director, Flour Mills, Ukpabi Emmanuel Akwari invested an additional N24.276 million in Flour Mills of Nigeria Plc.

https://investorsking.com/2020/12/15/insider-dealing-ukpabi-emmanuel-akwari-increased-stake-in-flour-mills/

OlujobaSamuel:
You are right though, just feel we should go rogue with our monetary policy outside the textbook rule, maybe it can change our system

The bolded was the reason Singapore, Rwanda, Israel and other natural resources limited nations thrive. Nigeria is yet to have such leaders, she is indebted to IMF and still begging World Bank for $1.5 billion loan. These multilateral financial institutions dictate our policies. Happy Sunday boss!

VeeVeeMyLuv:
Boss thanks for the enlightenment and free lecture,
Now I have better understanding of QE.
It is well appreciated. Thumbs up!

You are welcome sir.

OlujobaSamuel:
Can't we print to induce productivity since what we are all concerned about is the economic growth, I'm referring to industrialisation not setting up of fuel station, hotels, etc.
The MPR rate should be reduced so interest rate can come down, the interest on savings should remain low so people don't dump their money just to yield interest instead of engaging in a productive economic activity.
We now have a uniform identity with BVN, so the fear of debtors running off with fund is close to zero except aided by bank officials. So, why can't loan criteria be eased and granted according to the capacity of such individual using his history.

That is exactly what printing of money is meant for, to stimulate productivity. However, what our government has been doing is to use it to finance capital projects because of our huge infrastructure deficit and our inability to bring cost of printing down.

We spent N231 billion to print notes valued at N6.5 trillion, meaning we are spending about 4% to print up until 2018 on average. With the current devaluation and logistic constrain due to COVID-19 that amount will be like 8 to 10%. Hence, why foreign borrowing under president Muhammadu Buhari suddenly became lucrative.

Also, it is impossible to print to industralise an economy because that will means government will own most of the establishment (communism). You can only use printed money to stimulate growth in that direction by reducing interest rate but we can't given that is how we attract foreign investors to loan us our now preferred foreign loan.

Our high interest rate (11.5%) when compared to US, others that are zero is the reason foreign investors are still looking our way with all the risk associated with our investments.

Nigeria needs to find a way to reduce cost at all level.

Rhapsodia I just weak after seeing all the comments. God!

Listen, the Central Bank of Nigeria prints money every year like every other government and they announced it. The issue is people don't read those reports or even understand their importance.

Between 2013 and 2018, the CBN spent N231.2 billion printing about N6.5 trillion. Nigeria has a 4 billion notes printing capacity per annum and printed 2.7 billion notes in 2018 despite projecting 3.35 billion notes.

It is normal that the government print money to cushion the economy and stimulate growth. In economics, it is called quantitative easing (QE) and does not directly translate to inflation as most people have stated above. Inflation results from low economic productivity, a situation where demand is higher than supply (cost-push inflation) or in a healthy economy where more earnings, household income and spending power of consumers continue to rise leading to surge in demand than the aggregate goods that the economy can produce (demand-pull inflation).

Here is why our QE has not been effective like the USA, Euro, Japan and others.

The difference is in the deployment. The CBN inject printed MONEY back into the economy through treasury bills, bond sales, generally capital market. The CBN sells those to raise capital and in return pay investors (their capital plus interest (yield)) when those mature. It pays them from the money printed while the government uses that money raised to finance capital projects.

In fact, you might have heard of N5 trillion that banks and some other individuals owe AMCON, that money comes from the CBN printed money used in acquiring bad debt to prevent job loss and catastrophe in the banking sector. CBN acquired those debts with their expected interests (debt monetization) to keep the banking sector afloat.

In the US, the Federal Reserve (US Central Bank) used QE to buy mortgage-backed loan products, debts of Small and Medium loan providing companies and organisations to ensure that people and companies affected by COVID-19, bad economy, etc can still function and continue to contribute to the larger economy. For instance, small and medium business loan focus companies in the US are currently ready to loan anything for any willing business because the US government has to told them it will buy all their debt. Meaning, they should not be concerned with rising bad debt but focus on borrowing based on certain criteria to ensure all hands are on deck to aid economic recovery. It means by keeping organisations in business new job creation will continue to increase and job loss during the peak of COVID-19 will gradually moderate while the US government bear all the cost until those businesses are back on their feet to pay back those loan at ZERO interest rate.

In Nigeria, the money goes into the economy through the elites while the manufacturing and businesses continue to struggle with high-interest rates. US lowered interest rate from 1 percent to Zero and still buy all the debts to ensure loan companies also do not plunge into debt without interest rates used in covering operating costs.

Please note that US and other developed nations always know the total amount printed and injected into their economy and when the economy recovered from recession they always withdraw it back. Hence, while they've been able to manage their inflation/money in circulation better.

It is simple, an economy produces what it needs to survive. The printing of money or QE is to engineer it back to that level following an economic crisis and then take it back to allow it to function independently.

I am not sure Nigeria can account for her QE. For instance, I can tell you US total QE as at today is about $700 billion, I can't say that about Nigeria.

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BennyDGreat:
You have said it all Baba mi. I would like to P.M you. Would appreciate a few tips

Please go ahead.

IamD18:
A good analyst will prove to you that Mr Eazi will make more money at the end of this so called experiment he wants to try.

I don't know how, but it is what it is.

As an investment guy, he may not necessarily make more money but he is not going to lose and here is why.

Any time a business sells equity, it is sharing the risk associated with that business in exchange for some safe landing per adventure it goes South.

Also, it may be a strategy to recoup at least 60% of his investment before the product even hit the market knowing that COVID-19 and the present economic recession have hurts earnings and may prevent repeat of his old success.

Again, it may be a means to indirectly force fans to continue to stream his songs as that would translate to their own success given their investments in the unproven product.

TOM208:
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Diimtech:
Hello guys sorry for posting this here.
Please I'm searching for an expert app developer to replace the guy currently working for me.
Interested parties should send their resumes to the email on my signature.

Monthly pay is 340k plus bonuses (negotiable* I can pay slightly higher depending on your skill level)

This account new. November 28, if not I for share am in a group.

kadafs:
$1000 PayPal needed at 400/$

Do you still have the paypal?

ggoldmine:
NIO, XPeng, Li ... all gained high momentum in the short term. Please, can someone give an opinion on these stocks? I don't understand what drives NIO stock. I feel these stocks are going to reach a stalemate at some point.

NIO is an electric vehicle stock. However, it has gained over 1200% this year because investors are saying it would compete with Tesla in China been a Chinese version of American Tesla.

The problem I have with the stock now is revenue, $7.5 billion with $75 billion market capital. It seems like a bubble and could really get volatile down the line.

The valuation is way to high for the revenue and also it doesn't have Tesla technology to be in position to compete effectively yet or even diversify like Tesla.

Bank Stocks Top Charts Amid Strong Third Quarter Performance

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

https://investorsking.com/2020/11/25/bank-stocks-top-charts-amid-strong-third-quarter-performance/

Obagreatdatoye:
This is an eye opener

Lol... Don't let an ignorant person mislead you.

Davido, Wizkid, Dbanji, Tu face, etc can't get Grammy nomination because of the kind of music they make.

Burna sound is authentic and original.

Ask yourself if other artists won't like to be nominated? This is Grammy, even Americans crave it.