| Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 9:33pm On Aug 18, 2021 |
Nigerialabalaba:
Oga, no vex. I no dey fight you. I just dey tell you say na too much sense and greed dey worry una. If una wan make clean money, the opportunity booku but una just love quick gains scheme. I no dey do am because I no say na wayo and I no say na thief una dey thief . NSE dey give me joy and e no add sorrow to it.
The case dey court, make we leave am like that. Good evening @Nigerialabalaba I having been reading and following your submissions since you opened discussion on this Fx matters and at this juncture, I want to let you you know that you have little or no knowledge about dynamics of FX at all. If you have been tracking Nigeria Balance of payment in the last 5 years, you will discover Nigeria has been consistently recording balance of payment deficit, which implies we have been importing far more than what we are exporting. what this means is our dollar earnings is dwindling but we are spending more dollars everyday. The diasporas that should be helping to reduce dollar demand pressure are holding on tight to their hard earned dollar as they know naira loses value quickly. Our politicians are making dollar scare, as proceeds of their corrupt activities are always stashed in dollars(in their wardrobes),also the rule of PTA/BTA does not apply to them as some of them spend as high as $150,000 to $300,000 on a single trip. If we want naira to be strong, we need to start exporting massively so that we can have more dollars. The fintechs are not the problem at all as the FX they consume is insignificant. 10 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:21pm On Aug 18, 2021 |
samguru:
Good evening @Nigerialabalaba
If we want naira to be strong, we need to start exporting massively so that we can have more dollars.
You hit the strong point here If we want naira to be strong, we need to start exporting massively so that we can have more dollars.if we are serious Every Local Government needs to be contributing something to the GDP. 7 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nigerialabalaba: 11:05pm On Aug 18, 2021 |
samguru:
Good evening @Nigerialabalaba
I having been reading and following your submissions since you opened discussion on this Fx matters and at this juncture, I want to let you you know that you have little or no knowledge about dynamics of FX at all.
If you have been tracking Nigeria Balance of payment in the last 5 years, you will discover Nigeria has been consistently recording balance of payment deficit, which implies we have been importing far more than what we are exporting. what this means is our dollar earnings is dwindling but we are spending more dollars everyday.
The diasporas that should be helping to reduce dollar demand pressure are holding on tight to their hard earned dollar as they know naira loses value quickly.
Our politicians are making dollar scare, as proceeds of their corrupt activities are always stashed in dollars(in their wardrobes),also the rule of PTA/BTA does not apply to them as some of them spend as high as $150,000 to $300,000 on a single trip.
If we want naira to be strong, we need to start exporting massively so that we can have more dollars.
The fintechs are not the problem at all as the FX they consume is insignificant.
Una good evening Sir Guru. Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest. Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually. We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans . I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am. Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys. These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good. If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now. 7 Likes 1 Share 
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| Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 1:38am On Aug 19, 2021 |
Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.
Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.
We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .
I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.
These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.
Fear Uncertainty and Doubt(FUD).............. The chief instigator of FUD still remains the CBN and the Government, Aside Dangote and few Government cronies who else has been a beneficiary of these Government intervention funds....... Only a select few are given an opportunity to cash out on the country while the masses wallow in tears only way the CBN can absolve themselves is to make sure that retail investors on these platforms are protected as they hit on those sabotaging the system......... 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 1:54am On Aug 19, 2021 |
Nigerialabalaba:
Oga no be so. I no say you no sabi the whole thing. Wetin you think say happen when suddenly dollars crash in less than 24 hours after CBN moved against them? So ordinary people wey dey say money no dey still dey offload over N522 to one USD and you believe am? Oga, February 20, 2022 na 6 months time, you go still see more wonder. All una eyes go clear las las. Na CBN eyes clear last last .............. Favouritism will never be a good economic policy, all this bruhaha coming to lime light because of dwindling FX receipt else it would be swept under the carpet,after all said and done we would still return to status quo....... I would have loved to know the personalities that are being targeted in all this |
| Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 3:22am On Aug 19, 2021 |
Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.
Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.
We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .
I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.
These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.
$780M on Crypto in 2020 alone, that number would probably have hit $1B this year if not for this government intervention! These figures are definitely not from the ordinary Nigerians and needs to be looked at thoroughly. My only issue with Nigerian Feds is they will eventually fold and not see this through. The Nigerian government is too soft. Good job Nigerialabalaba for the data. 5 Likes 1 Share |
| Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 4:08am On Aug 19, 2021 |
Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.
Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.
We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .
I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.
These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.
Oga Sir, Thank you for your contribution. I read everything you said about "FX" and how emotional you sound about people hoarding the $$$$$. One thing I can vividly say and tell you is that $$$ shortage in Nigeria is not FINTECH's problem, blame your politician and NNPC. Dig deep and you will understand what I mean. CBN is fighting a lost battle and defeated war! 4 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by posty56: 4:33am On Aug 19, 2021 |
na the highest CBN fit do be that ban their account for Nigeria, it will not take this fin tech apps anything to move their operation abroad while we the users open dorm account lol, like somebody said Nigeria they fight lost war abeg AMC stock they shoot up while one clueless person here go they blame fintech cause of naira devaluation. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by posty56: 4:40am On Aug 19, 2021 |
Godisfaithful:
Oga Sir,
Thank you for your contribution. I read everything you said about "FX" and how emotional you sound about people hoarding the $$$$$. One thing I can vividly say and tell you is that $$$ shortage in Nigeria is not FINTECH's problem, blame your politician and NNPC. Dig deep and you will understand what I mean. CBN is fighting a lost battle and defeated war! please know waste your time for that guy , I came here expecting smart Nigerians to criticize Nigeria government not knowing that clueless people full here, the fintech I use to trade America stocks (trove) insures your money upto $500,000 anything above that is at your risk ,now , tell me which politician go use that Kain app launder money? when what they steal is above that , some people here are backward as the government, God bless binance God bless Trove and other fun tech , enjoy your valueless naira while boys they cash out legit 8 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nezzjnr: 6:44am On Aug 19, 2021 |
posty56:
please know waste your time for that guy , I came here expecting smart Nigerians to criticize Nigeria government not knowing that clueless people full here, the fintech I use to trade America stocks (trove) insures your money upto $500,000 anything above that is at your risk ,now , tell me which politician go use that Kain app launder money? when what they steal is above that , some people here are backward as the government, God bless binance God bless Trove and other fun tech , enjoy your valueless naira while boys they cash out legit Lmao.... They are clueless because they don't agree with you?? We don tell una before.... Leave us with our backwardness  I agree... You guys are more intelligent than us We no smart at all 7 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 7:33am On Aug 19, 2021 |
Nigerialabalaba:
Una good evening Sir Guru.
Thank you so very much for your insights. I gbadun you. I agree 100% that our aggregate output and export needs to go up and the numbers coming from nbs, especially before covid-19, dey show that our PMI has started increasing and you sef see say the intervention by CBN dey help many companies get back up so tey some have significantly reduced their finance cost and now have more to share or reinvest.
Oga Guru, I just want you to know say we know wetin dey go on but like to dey blame everyone except ourselves individually.
We play on wetin guys wey sabi book dey call FUD so that perception go go against naira and dem fit cash out through these wayo 'fintechs '. You just embellished it by suggesting that naira loses value quickly and I begin dey wonder if na Zimbabwe you dey talk about. I don even read here way some endtime prophet of doom say naira go reach N1000 to $1 before last December and they fuel FUD against naira so dem go fit cash out. I no wan say God go punish dem but I know say the kind punishment God go give dem go be like the one wey God do Anini , Monday Osunbor and Evans .
I dey remind you say na dis kain talk dey make those unpatriotic cheats dey hoard fx and still dey spread FUD to make those who get the fx no release am.
Now to how our balance of trade for the past 5 years dey go down, na oil price wey go down and dey fetch us like 90% of our fx cause am. Unfortunately, some people wey think say na only dem get sense come put petrol for the fire wey dey burn us with oil and electricity subsidy. Those people na the economic saboteurs behind these "fintech ". The court papers has established that they were diverting fx that CBN released for special intervention in critical areas of the Nigerian economy, go dey use the money dey buy US stocks and crypto. Bros, you use style dodge that place. This fx fraud has been going on for the 5 years you mentioned and it keeps rising. I no get the data on the fraudulent fx exportation going into the US stocks but for just binance, nairametrics reported that $38m was exported in June and it went up by $1m in July to $39m. If you do naira conversion, that is N19.5 billion being exchanged for US for crypto alone. This is just conservative and if you extrapolate the data I get from BBC, you go know say you underestimate the magnitude of the sabotage these guys dey cause https://www.bbc.com/news/world-africa-56169917
As at 2020, the total monthly trade in crypto is $65m and that is $780m in 2020 alone . That is N390 billion( almost the annual budget of Lagos for 20 million people) being exported criminally for USD and this number has gone up now unless CBN prosecute these guys.
These wayo 'fintech' guys, their collaborators wey dey disguise as customers and the thieving politicians will all face the same judgement; they will gather but never enjoy it let alone bequeath it to their descendants. They will lose everything at last because dem all be thieves . Forget the whataboutism, wetin no good is not good.
If no be God and few patriotic Nigerian investors, these bad people go don even kill our NSE sef! Na those kind bad people you dey scare to call out? Abeg, make dem go face their case. Person wey sabi wetin hin dey do now should bring his clean money come NSE. All the people wey wan kill Nigeria and NSE no go succeed. Na jail dem go end at last if dem no repent now.
Oga, I hear you but still can't see any reason I should align with your position. Are you now saying the Governments of the countries where our FPIs are coming should adopt the same strategy to protect their currencies?,because investing in foreign stocks,bonds etc is a form of FPI. Our politicians and elites send their children abroad for schooling and you still don't identify this as FX drainer. Buhari ,Tinubu, politicians and other prominent Nigerians have been wasting FX on medical tourism,but CBN governor has not seen reasons he should stop giving them our scarce dollar. Just recently,our CBN governor celebrated his birthday in Jamaica where all banks CEOs, dignitaries graced the occasion,am sure plenty dollars would have been wasted there too. An average Nigerian has penchant for foreign goods and government is not doing anything to discourage this. See, the factors responsible for consistent depreciation of naira are just too many and government refused to address them. Any monetary policy that will not favour the politicians and top Nigerians but will favour Nigeria CBN will be foot dragging,but any policy that will affect the commoner,CBN will swiftly implement. I pray God elevate us to the class of these top Nigerians so that we can use FX the way we like. Lastly,my brother,the world is now a very small global village,let CBN block all Fintechs operating in the country,the Fintechs will have their ways soon and our naira will continue on her journey to #5,000/$1. 11 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by afroxyz: 8:33am On Aug 19, 2021 |
posty56:
please know waste your time for that guy , I came here expecting smart Nigerians to criticize Nigeria government not knowing that clueless people full here, the fintech I use to trade America stocks (trove) insures your money upto $500,000 anything above that is at your risk ,now , tell me which politician go use that Kain app launder money? when what they steal is above that , some people here are backward as the government, God bless binance God bless Trove and other fun tech , enjoy your valueless naira while boys they cash out legit All these guys are alligators benefitting from the comatose system so don't expect any coherent argument from them. The Nigerian that buys US stocks ir crypto, is he going to spend the proceeds in the US or convert it back to Naira? When did all these fintechs start that they are the cause of a naira which has been on life support since 2015. Besides these fintechs bring in FDI. Just this first half of the year Nigerian fintechs have raised about $150m. How much has FG attracted in FDI in this year? You allow people go for medical tourism, send their kids abroad to school, go for pilgrimage and run two exchange rates. You are more eager to apply for loan every 4 months than producing anything, and u blame fintech. Yet only 2% of Nigerians have N500k (or more in their accounts). 14 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:17am On Aug 19, 2021 |
This group is fast derailing. Surprisingly the main actors of the derailment have not been regulars here. It appears like they just invaded this platform, hijacked it in order to discourse their own topic which does not align with the aim of this thread.
For the avoidance of doubt, the thread is NIGERIAN STOCK EXCHANGE MARKET PICK ALERT.
May we be properly guided please. 6 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:41am On Aug 19, 2021 |
Mpeace:
This group is fast derailing. Surprisingly the main actors of the derailment have not been regulars here. It appears like they just invaded this platform, hijacked it in order to discourse their own topic which does not align with the aim of this thread.
For the avoidance of doubt, the thread is NIGERIAN STOCK EXCHANGE MARKET PICK ALERT.
May we be properly guided please. I am enjoying the debate.We will know the truth from the fall and rise of Naira henceforth.I am only concern on the balance of economy and Nigeria stock market.We wey no get foreign stocks portfolio don suffer for NSE. 6 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:15am On Aug 19, 2021 |
Mpeace:
This group is fast derailing. Surprisingly the main actors of the derailment have not been regulars here. It appears like they just invaded this platform, hijacked it in order to discourse their own topic which does not align with the aim of this thread.
For the avoidance of doubt, the thread is NIGERIAN STOCK EXCHANGE MARKET PICK ALERT.
May we be properly guided please. @Mpeace We are not derailing It is an educative conversations that should be encouraged especially at this time when our thread is experiencing graveyard silence. Back to the matter,I am loaded in cryptocurrency, foreign stocks, foreign bonds and local stocks. you can imagine if you invested $1,000 each in NYSE and NSE ten years ago, assuming both stocks are stagnant in prices, which platform do you think has moved your ministry forward? Perhaps this CBN banning here and there is eroding investors confidence and this is seriously affecting our NSE and may make things go worse. Our Chief central banker has failed us and the companies listed on the NSE are expose to hostile take over. I wont be surprised one day if Flutterwave announce its plans to acquire our Zenith bank and First bank or KUDA Bank targeting our Fidelity bank. 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:17am On Aug 19, 2021 |
Lots of activities in Nigerian equities this morning.Are we witnessing the return of Nneka?
Let's see if CBN is right or wrong. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:18am On Aug 19, 2021 |
samguru:
Good evening @Nigerialabalaba
I having been reading and following your submissions since you opened discussion on this Fx matters and at this juncture, I want to let you you know that you have little or no knowledge about dynamics of FX at all.
If you have been tracking Nigeria Balance of payment in the last 5 years, you will discover Nigeria has been consistently recording balance of payment deficit, which implies we have been importing far more than what we are exporting. what this means is our dollar earnings is dwindling but we are spending more dollars everyday.
The diasporas that should be helping to reduce dollar demand pressure are holding on tight to their hard earned dollar as they know naira loses value quickly.
Our politicians are making dollar scare, as proceeds of their corrupt activities are always stashed in dollars(in their wardrobes),also the rule of PTA/BTA does not apply to them as some of them spend as high as $150,000 to $300,000 on a single trip.
If we want naira to be strong, we need to start exporting massively so that we can have more dollars.
The fintechs are not the problem at all as the FX they consume is insignificant.
Let borrow Mr President phrase
Fintechs dollar demand is A DOT IN THE CIRCLE
|
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:22am On Aug 19, 2021 |
samguru:
@Mpeace
We are not derailing
It is an educative conversations that should be encouraged especially at this time when our thread is experiencing graveyard silence.
I am loaded in cryptocurrency, foreign stocks, foreign bonds and local stocks.
you can imagine if you invested $1,000 each in NYSE and NSE ten years ago, assuming both stocks are stagnant in prices, which platform do you think has moved your ministry forward?
Perhaps this CBN banning here and there is eroding investors confidence and this is seriously affect our NSE and may make things go worse.
Our Chief central banker has failed us and the companies listed on the NSE are expose to hostile take over.
I wont be surprised one day if Flutterwave announce its plans to acquire our Zenith bank and First bank or KUDA Bank targeting our Fidelity bank.
Nobody is arguing you. We are looking at what makes CBN to carry out this sanction.Do you think CBN don't have eye to see? I will suggest you watch the adverse effects on the economy generally before defending the firms involved. 2 Likes 1 Share |
| Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:25am On Aug 19, 2021 |
TRANSCORP showing some flicker of life at the open today. Briefly touched 0.99. |
| Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:49am On Aug 19, 2021 |
locodemy:
Nobody is arguing you.
We are looking at what makes CBN to carry out this sanction.Do you think CBN don't have eye to see?
I will suggest you watch the adverse effects on the economy generally before defending the firms involved. Thank God this conversation is gravitating the attentions of our Ogas here. Back to Loco,what CBN should have done is to set up a framework for their operations and bring them to regulatory net, BANNING is not the way to go at all. Besides some of these companies were licensed by SEC and SEC has regulatory oversight to track and report illicit financial transactions. I can keep calm ooo,CBN is seriously encroaching my territory too much. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:59am On Aug 19, 2021 |
samguru:
Thank God this conversation is gravitating the attentions of our Ogas here.
Back to Loco,what CBN should have done is to set up a framework for their operations and bring them to regulatory net, BANNING is not the way to go at all.
Besides some of these companies were licensed by SEC and SEC has regulatory oversight to track and report illicit financial transactions.
I can keep calm ooo,CBN is seriously encroaching my territory too much. The regulators of these Fintech firms in Nigeria are the CBN and SEC.CBN can't carry out actions on quoted companies without getting approval from SEC. I am still interested to know more of this. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nigerialabalaba: 11:12am On Aug 19, 2021 |
@Oga Loco,
I hail you sir. ',Morning sir!
Abeg you remember like 2 years ago wey you dey say you dey buy Honeywell and even some folks here dey carry you dey play. I just dey smh. I read your comment that day and I said to myself that blood and flesh did not reveal this to this man. I just say a silent prayer for you that God go bless you.
I dey follow your comments and I know you are real. Make you hang on, your Transcorp go gel and you go happy las las. Well done sir.
I no dey Transcorp shah but I understand why you love Transcorp.
May we all find joy and reap from our investments. NSE is the koko and for me and my house, na NSE o!
I no no why insurance come dey lag dis days, I actually expect that by now, they should be up because it is getting closer to the deadline of their recapitalization. Is there anything holding them back we should know or NAICOM don extend their recap deadline again? |
| Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:28am On Aug 19, 2021 |
locodemy:
Lots of activities in Nigerian equities this morning.Are we witnessing the return of Nneka?
Let's see if CBN is right or wrong. Which one is Nneka? 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:33am On Aug 19, 2021 |
Nigerialabalaba:
@Oga Loco,
I hail you sir. ',Morning sir!
Abeg you remember like 2 years ago wey you dey say you dey buy Honeywell and even some folks here dey carry you dey play. I just dey smh. I read your comment that day and I said to myself that blood and flesh did not reveal this to this man. I just say a silent prayer for you that God go bless you.
I dey follow your comments and I know you are real. Make you hang on, your Transcorp go gel and you go happy las las. Well done sir.
I no dey Transcorp shah but I understand why you love Transcorp.
May we all find joy and reap from our investments. NSE is the koko and for me and my house, na NSE o!
I no no why insurance come dey lag dis days, I actually expect that by now, they should be up because it is getting closer to the deadline of their recapitalization. Is there anything holding them back we should know or NAICOM don extend their recap deadline again?
Good morning bro. I got 10-20% profit @ Honeywell several times in those days.I am happy for those holding till now.They deserve the best because of their patience. For Transcorp, I won't say much.It is only the volatility Tony need to tackle but I trust he never fails.If stocks like oando, Japaul, Honeywell, Ftn cocoa etc can fly without acquisitions or improvement in financials, Is it Transcorp that has gained ground in recent times that wouldn't excel?I have been here and will wait it out. For insurance, I think I will contact Sister Mercy for you.I don't do it because of what universal and IEI did to me in 2008. Thank you.May God increase your knowledge and wisdom in this our market. 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by MysTeerioz(f): 12:03pm On Aug 19, 2021 |
Please you guys should be speaking the English clearly for semi-literates like me to understand. I'm still in pre-kg in this stock trading matter and it's your comments that serve as my guiding light please |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:04pm On Aug 19, 2021 |
emmanuelewumi:
Which one is Nneka? Sir, this to me is an idiomatic expression. I used it to replace(bull) what I think will dominate the bourse this period. |
| Re: Nigerian Stock Exchange Market Pick Alerts by kings11ng(m): 12:17pm On Aug 19, 2021 |
Should we be assured by trove that our money is safe? Or should we just move our money? |
| Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:20pm On Aug 19, 2021 |
kings11ng:
Should we be assured by trove that our money is safe? Or should we just move our money? No cause for alarm, 2 days gone 178 days to go 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:33pm On Aug 19, 2021 |
kings11ng:
Should we be assured by trove that our money is safe? Or should we just move our money? Is your name on the shareholders register if yes you have nothing to fear, people with fractional shares are technically not on the shareholders register. Eg someone with 0.002 units of Tesla shares 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by handsomebolanle: 12:52pm On Aug 19, 2021 |
NSE paltry 10percent daily movement needs to be checked into again.
It should be a free market. Is any of such kind practiced anywhere in the world? |
| Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:59pm On Aug 19, 2021 |
handsomebolanle:
NSE paltry 10percent daily movement needs to be checked into again.
It should be a free market. Is any of such kind practiced anywhere in the world? Different markets, different policies. Yet to see a Stockbroker or Investor who committed suicide based on the performance of his portfolio on NSE compared to some markets where you can gain 200% and lose 95% in a day |
| Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:00pm On Aug 19, 2021 |
BOCGAS on full BID... We are chopping up  |
