₦airaland Forum

shariff84:
You can still placed an order of our Niger Agusi.its still available for consumption and storage.thanks

yMcy56:
Result:
Company: Good........but Group declined by 26%......

Nevertheless, a N1 interim dividend was proposed by the Directors.........as against 40kobo in June 2020....
** Hope I'm seeing right........let person wey no dey use Spec, and sabi wella pass me check am for us.

jedisco:
Regarding milk, trust me... If Nestlé wanted to start production here, they'd have done that long ago.... Already, one of the milk companies are doing it.... They buy directly from local farmers at rates much cheaper than international price... In turn, they give the farmers cheaper input and teach them how to milk the cows properly... The farmers no longer have to roam their cattle and make much more than if they sold the milk as fura locally.... Although it was on a small scale, the outcome was promising...

That we have a huge population is our leverage on these companies... If the cost of running their company and selling milk to Nigerians is not too high for them, then the cost of producing such here shouldn't be too high either. Or is their plan to perpetually import from Netherlands?
If not for such policy, by now MTN would still have been importing recharge cards and ShopRite (b4 leaving) would have been importing banana..

The issue is that all our policies resolve around banning this or that without thinking things thru... Most western nations achieve all these by just tweaking with taxation here nd there... Take ulez fees in some major cities for example.

The last macroeconomic policy of the CBN that made sense was them mandating banks to borrow out money by tweaking with the CRR... End result was that banks rapidly dropped their rates and started looking for eligible folks to borrow money... Pity it's not been built on..

jedisco:
When I look at folks/companies CBN says its trying to protect by giving them cheaper forex, it's even more annoying...
Take 2 examples...
Take nestle and the rest... These companies have operated for decades in Nigeria... But then, they'd rather go to their parent nations to import milk and sell here when it'd be cheaper to produce that here.. What does CBN do? Give them access to forex so they can maintain profitability of farmers in Netherlands....
A sensible approach would be to let them dource forex at market rates, double tax whatever milk import they make and in turn, give tax holidays and grants to whatever company that decides to build local infrastructure...

thebosstrevor1:
I know some people are happy that the dollar keeps appreciating against the naira.

If the dollar keep appreciating that means the cost of goods and services will increase, which will make life more difficult for you.

If you like keep buying dollar and saving it in dollars or usdt, as long as exchange rates are not stable, you are losing and also losing even when you convert your saved dollar back to naira, inflation will devalued it.

shariff84:
You can still placed an order of our Niger Agusi.its still available for consumption and storage.thanks

Raxxye:
Don't deceive yourself, My brother. Location is a factor in one's upliftment.
I can state with almost a certainty that right now you are not in your village of birth. You have had a need to change location in search of a better life!

RodgersAkpafu:
This is my prayer too

afroxyz:
Wow. With a visa card linked to a nigerian bank?

afroxyz:
When did u carry out these transactions?

Raxxye:
We die here!

erwinschro:
Once I get the form from my stockbroker, do I submit it back to them or to the registrar?

erwinschro:
I filled the form online some weeks ago as well and they said something about purchase transfer form with my stockbroker/cscs

lwisee:
A lot of people will do bro, people with clean money will surely do.

Kereokwu:
Good day sir, did you go to your bank to sign the e-mandate form or you filled and submitted without the bank wahala?

handsomebolanle:
Onboarding on US stock is still easier. Dividend processing on NGX is even annoying

Kennyking1234:
skrill is a fruad. They make PayPal discrimination look cute. Thank God I used only $1.18 with them. I can't withdraw with it. They allowed me deposit with MasterCard. Fine, I tried to deposit to T212 only to be getting an error that I deposited with a MasterCard so I can't pay to trade212.

I also tried withdrawing my deposit ($1.18). The fraudsters declined saying I can only withdraw to a Visa card. But they Initially allowed me deposit with a MasterCard without any notice.

Omooba77:
Why are we not seeing Miracles as of Old?

afroxyz:
They said they are not accepring cards from Nigeria again. Guess its by wire transfer now

Mpeace:
Nothing written on the result to show it is audited.

Kennyking1234:
me I don't use stop loss I don't even understand how its works, let me ask did you buy at all time highs?

lessonotes:
Ok

Lion123:
I keep telling people that real estate in Nigeria is nonsense, especially if you are building to rent. Also, if you are buying land to hold for a long time. Nonsense also. By the time inflation and devaluation give you blow, you go no. We bought land somewhere for N3 million in 2010 when dollar was about N160. We sold the land for N9 million recently. When you consider inflation and devaluation, we lost money. The only way to do real estate is to build and sell immediately.

ositadima1:
I hope u read my initial post. Investing in bitcoin is ok, but the bulk of ur money shouldn't be in it(most gurus advice 5 to 15% of ur assets). I was responding to @jedisco who was implying that moving ur assets to crypto was a good way to edge against naira devaluation.

Like I said before, cryptos are purely speculative in nature.

shariff84:
No,you can keep it in ordinary bag it will not spoil.

Willie2015:
https://doclib.ngxgroup.com/Financial_NewsDocs/33896_MTN_NIGERIA_COMMUNICATIONS_PLC%20MTN_NIGERIA_DIVIDEND_IN.pdf

MTN
Int Div of N4.55 ...
Up by 30 percent from last int div... that's generous
Results also lookin good..
Though with lower Free Cash Flow increase...
When compare with Airtel result...
Hope it can cross the N200 mark....
just like Total ....
after the interim div of N4..
Dis: Hold long position in both MTN & Airtel

ositadima1:
Flourmill and/or Seplat look like they will move up soon. What do u think?