emmanuelewumi:



Saw your DM, how can I help you

Thank you boss, I saw one of your posts about your mentor’s book. I'm looking for a way to lay hands on books or authors that are focused on Nigeria stocks

emmanuelewumi:


Nigeria Stock Exchange was established in the early 60s all the listed company were foreign owned at least 99% of the shares were owned by foreigners.


My mentor late Akintunde Asalu in his book "my life of stock" said he bought his first stock in 1963 because he wanted to prove his Economics teacher at Kings College wrong. The teacher said Nigerians will continue to be poor unless they own shares in the big businesses making money in Nigeria.

Asalu was able to retire in 1979 at the age of 37, by the time he died in 2007 his stock portfolio was about N500 million, not bad for someone who never held a political appointment nor was a successful business man.


The first set of Nigerians to buy shares were corporate executives, Asalu worked with Unilever and RT Briscoe

When Nigeria Brewery, Nestle, Guinness etc had public offers, Nigerians didn't show interest except for the informed few.

In 1976, Obasanjo introduced the indigenization policy which made it compulsory for Nigerian citizens or Nigerian government to own between 40% to 60% of the shares of listed companies.


That was how Nigerians, state government and FGN owned shares in all the companies on the stock exchange from Manufacturers to banks, petroleum marketing.

Unfortunately it was Nigerians from a certain part of the country that were able to harness this opportunity.


What El Rufai did in 2003 was to democratise ownership of the privatized businesses by making sure the shares were bought by all Nigerians

Please is there a way I can get access to your mentor’s book. Can seem to find it online.

ojeysky:


Opened well here. Meanwhile nascon has done over 800m whole dangsugar has done below 200m worth. If people don't see sugar to buy they will buy salt

Will try with a different network. I used to have nascon but sold the last batch at 30😤 was tired of waiting. I'm a bit pained

toyeoye:


Don'f forget to monitor using https://stockbubbles.com.ng/
—it’s so easy and intuitive!

The site is not loading

megawealth01:


This is how grateful people show appreciation

The only monies I got are from my crypto based groups and my discord people

Please I will like to join your groups. I really want to get into the Nigeria stocks trading but I don't know how to deduce what stocks to buy,

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paddyDIGITAL:

Great insight

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