₦airaland Forum

Let me be specific with mine so people don't say it's a wild guess. I have been refused account reconciliation on the grounds that I am not seeking to purchase the meters. PHEDC to be precise

Donbrig:
Why are Nigerians wicked to Nigerians? FG heavily subsidised prepaid meters, so that Discos can distribute it free of charge to Nigerians, but here in my region, some disco officials are already making huge sum selling meters. Some of these staffs are still saying they don't have enough prepaid meters, even though they have more than enough meter to distribute freely to many homes in Nigeria.

Why are we so wicked to ourselves and still hope and pray for a better Nigeria?

https://nairametrics.com/2020/11/30/cbn-will-continue-monetary-policy-aimed-at-boosting-stock-market/

A good wait in the horizon

When I can do it for just 4million and help them save cost..

Mcy56:
Lol. FTNCocoa was getting attention before the suspension, we dont know what was driving it then.
I posted one information around that time, cant remember what exactly it was all about. again.
This coy is in agric sector, we dont know what could happen in future ...............but as it is, their financials wasnt okay at all.
..............lets keep eye on it first and be on the lookout for any info that may be beneficial to the coy.............

I think it was because of there were no release of its results since q1 2019, when they did sometime this year for q1 2020, they were improvements YOY, although still in the RED .
With the euphoria of being in the Agric Sector coupled with this government plans for agriculture and all, it just caught up with livestock, okomu, and Presco in the bull run back then. We wait to see more.

Mcy56:
FTN COCOA is back with "RST" Label..............restructuring.............
Suspension lifted...........
For the benefits of shellholders asking............. cc: Jamace
Q3 2020 RESULT:
http://www.nse.com.ng/Financial_NewsDocs/31956_FTN_COCOA_PROCESSORS_PLC%20_QUARTER_3_%20_FINANCIAL_STATEM.pdf

Interesting

any update on senate with transcorp

GSK back in business...
market aspiring to refire

Bid out weighing offers on most banking stocks

Today will be interesting.. testing testing going on.

...

1. They failed in not activating just one refinery within their first 4 years
2. The gov't has somewhat of an endless leverage in terms of borrowing unlike you.
3. We are feeling the brunt of their mindless politicking.

zimams:
I wouldn't want us to derail this thread. But I'll just like to say that there are many moving parts and every thing has to be taken into context.

If we look at Onion as a staple, where is it grown predominantly? And how has the cost of transporting it to the south affected its price? How has the cost of petrol affect the cost of transportation? How has Nigeria's earnings affected her ability to continue to subsidize the cost of petrol?

What you refer to as 'lenient policies' could lead to slow death... if I assume that continued fuel subsidy is one of those lenient policies.

Back then, we had a finance Minister who was willing to be lenient with her policies knowing fully well that this population was disadvantaged. This time we have people who honestly don't care about how we feel outside the comfort of their palaces. And yes I considered covid19 too, but I doubt if covid is affecting onion price and all those element the local man needs to survive(Not live)

zimams:
The last recession in 2016, these same folks were also in charge... so was it different economics then? Why didnt we feel it then as you think we will feel it now?

We are not as advanced as this AMERICA so they will feel it more but, unlike the last recession we barely noticed(local man was still cruising somehow) this one we will all feel, because of very terrible economics by this current folks in power

zimams:
Lol..
You and Buhari..

The economic fallout of Covid-19 na em Cement the recession following falling Oil prices. Even if na you be President with this combo, we for still enter recession. Even almighty American economy has felt the impact of Covid 19...

Anything 2021 comes with .... we will play..
My people say, 'you dont back out of living your life because there is a chance you could be hit by a stray bullet'..

True, my ogas and madams in the house how was it like navigating such waters. If I could remember banks fared well?!

Danniee:
I never navigate the market during recession, pls direction is needed here on possible market behaviour.

JB Will be a good hold

I did not recommend in anyway

It was just a matter of time with the wave of increase in tarrif

debeey87:
Administration of Stamp Duty on Securities Transactions We refer to the Public Notice in the Business Day Newspaper of Monday, 20 July 2020, captioned ?Clarification of Administration of Stamp Duties in Nigeria? issued by the Federal Inland Revenue Service (FIRS) (A copy is attached as Appendix A for ease of reference). The Public Notice provided, amongst other things, information on dutiable instruments and the applicable flat or ad valorem rates, with Contract Notes1 itemized at an ad valorem rate of 0.08%. As you know, this is at variance with the current rate of 0.075% being administered in the Nigerian Capital Market. To that extent, Dealing Members of The Nigerian Stock Exchange are to note the following: 1. Effective 7 December 2020, the Central Securities Clearing System Plc. (CSCS) will adjust its system to implement the automated deduction of the Stamp Duty rate of 0.08%; 2. Dealing Members are required to immediately engage their software vendors for the required adjustments to their technology applications, to reflect the 0.08% rate ahead of the effective date of 7 December 2020; and 3. Dealing Members are required to communicate the changes above to their clients immediately, ahead of the effective date. Please be guided accordingly.

What do you make of this?

A good day. But certainly in a long run. Happy weekend all

dharpzee:
http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

Who came to the market with 2trillion? See volume even with all the red!!

Does this translate to more bulls?https://nairametrics.com/2020/11/12/nipc-grants-tax-holiday-to-honeywell-savannah-sugar-4-others-with-n175-28-billion-investments/

Oh what the heck, bought in, already 4% up. We await earnings call

Zagee:
My EVs are looking great. Quick one do you think NIO will match XPEV on earnings day? Cuz I'll like to buy in now but it's already done 10%. Do you see any room for more 20% guys??

My EVs are looking great. Quick one do you think NIO will match XPEV on earnings day? Cuz I'll like to buy in now but it's already done 10%. Do you see any room for more 20% guys??

Did the CB take away 6m bids on GSK, cuz I don't like that I am seeing 1M oh

locodemy:
Don't be surprise to see heavy rainfall if back to normal.

Na joke ooooooo.....My Gsk never grind beans self

Same here

Mcy56:
Seems Morgan iTrade disconnect from NSE engine........
Anyone not able to view trades as well??

Good read btw, but should GSK announce success on vaccine with its counterparts- a more "for the common man" type of price, would you envisage an upward movement especially already being bankrolled by GAVI and WHO backing?

currentprice:
abi na. me dont see any much fundamental in gsk except d sector leader as i said earlier.

if na vaccine. Pfizer;s CEO even dump 60% of his stock on d day covid vaccine result released

https://africa.businessinsider.com/markets/pfizers-ceo-cashed-out-60-of-his-stock-on-the-same-day-the-company-unveiled-the/rxyyy7q

Goes to show how badly managed our economy has been(despite COVID wahala). Currently, if you're not farming either on the fields or financial markets (preferably stocks), Ones ROI go see pepper

Mcy56:
Wow! Such a good perspective!
0.34% TB rate! So low...........with timeframe of 2yrs or so......

From my layman POV, I'll answer the question with, "when will Tbs become favourable again?"

Mcy56:
Chai! Kwesion for the gods.
Doc,make we just dey follow am as e dey go nah, we should see Signs when the time comes if we're not carried away
The thing is, everyone should not forget his/her objectives.
For instance, any mid termer with 100% to 150% gain for instance should not allow greed do them, make them allow another person chop too while the bull is still on.

But we were told to watch and pray

DexterousOne:
To be very honest
I believe the end of this "Burundi Bull" will come like a thief at night

1st/2nd week of December will tell

DexterousOne:
You see further room for growth o GSK?

Truely no doubt, I meant it on a lighter note though.
And on the bolded, I think most non-americans didn't see that coming

DexterousOne:
On that I disagree

Just yesterday
A stock did 200% plus

I missed the bus
And I am so angry with myself

NYSE
You get it right
You get it right BIG

You miss it
You pay dearly for it

People have been able to roll over $1k into $10k quicker in the NYSE than NSE

But like I said
If you miss it
Or make mistake
You will pay dearly

What euphoria? a market that can't return 50% any how in one week.

DexterousOne:
Dont mind them

The euphoria of trading in a foreign market still dey "shack them"

They dont know that as long as there are two Ms

Market and Movement

There is ALWAYS money to be made

Definetly not on GSK and GUiNESS

ukay2:
Anyone coming back to buy now may turn to PILLAR OF SALTS