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Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:58am On Sep 16 |
Honestly! Even me, 'I am tired on behalf of Dangote". Is Dangote the regulator of downstream again? If at all we really want progress, I expect a live board (online based) to be up and running by now. To see the amount lifted per hour (if not per minutes), and at what rate and the destination. Each filling station in Nigeria should have a code. Yet, our problem is the one who is trying is very best to contribute his own little (which is more than government's effort). Maybe Alhaji Aliko Dangote should close up his refinery, cement, sugar, etc factories. Everyone will be happy by then. Even if Dangote is greedy, government's role is to check him by bringing in transparency. Dangote is not afraid to tell Nigerians he is going to sell PMS higher than the current rate. However, he has said that NNPC and/or FEC will determine the price. What else? NNPC should just be plain with whatever they are saying. NNPC should show us the invoice and receipt for the PMS lifted so far. That alone will solve the problem. Dangote is just being careful. He didn't want to "indict" NNPC directly, because he can not fight them. That is why he refused to mention a price; and since is the government that determines the price. FYI, I am a yoruba man, but God forbid that I support what is not right, even if it favours me. So, don't think "he is from the north". Agbalowomeri: 11 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:59am On Sep 16 |
Why is it an estimate at this time? Ask the NNPC to show us the invoices and receipts of PMS bought yesterday. rmx: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:00am On Sep 16 |
rmx: Has the government hands off from PMS? The company also has to be diplomatic. At least they both agreed now that Dangote Refinery has yet to receive the crude promised in naira which is the hidden information that the NNPCL did not provide 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:08am On Sep 16 |
The best way to solve this is for NNPC to show us the invoices and receipts of PMS bought yesterday. Instead of giving us an estimate at this point. You can not compare diesel and aviation fuel, and PMS please. PMS is still entirely regulated by the government (is still in one of their crooked list). That is why Dangote is careful. Femi Falana (SAN) and others have called for PMS pricing to be fully deregulated, but so far, we all pretend as if we don't know. That is why Dangote can not tell you this is his price for PMS, unlike diesel, cement, etc. You want them to come out say that he is playing the role of government and therefore guilty of tre*son? They can even say it is a ku. Femi Falana (SAN) will just be laughing and angry at the same time right now. He has been saying this long before PMS production fully begins. He understands what NNPCL could do. rmx: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 11:12am On Sep 16 |
I tire o! The same opacity that did not enable us to know how much crude we produce and/or sell per day, that did not allow us to know how much we pay for subsidy or how much PMS we use is the same opacity they are bringing to DR. What is difficult in giving us live feed of Crude entry and PMS exit from DR, with their respective rates? Do we need an alien to do that for us? Agbalowomeri: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 11:14am On Sep 16 |
You can all see that Oando and their marketers don't seem to have the sincere interest of their shareholders at heart. They don't mind circulating old news just to market it. The politics around it and media hypes is what people are buying for the moment so they have to keep dishing out recycled news to keep the price within a particular range until it gets to their target so they can raise funds from the same people that have not benefited anything since they started this wayo years back. I pity the unsuspecting. You are dealing with manipulative heavy money bags New entrants should be very careful of this government, Oando and their many marketers here and on many other fronts. See what the government is doing to Alhaji ref. And you want to believe them on this Oando packaging? Someone said E go cast and everyone wants to swallow him. Safeguard your capital/money newbies until they do the needful and not just selling hopes in hopeviles by whatever means possible Be wise 5 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 11:23am On Sep 16 |
chimex38: And new entrants want to take them serious when they said Oando and SEPLAT production power? We should only believe what's in the financials not media noise? 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 11:25am On Sep 16 |
Sunrisepebble: Keep doing good at least you and aradel are not MH You are honest. Keep it up 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by bovali(f): 11:25am On Sep 16 |
bovali: Mr Time. Seems someone has seen results 2 Shares
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Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 11:42am On Sep 16 |
Agbalowomeri: Once more, and we are talking current supply ….., not October The current refined petrol nnplc bought is gotten from the crude dangote imported or purchased in dollars , dangote sold in dollars to nnpc consequently , nnpc converted to naira at 1637 and its 898 , they have added other cost to arrive at 950 for lagos etc Dangote should come out and tell us I did not supply to nnpc at 690$ /tonne and 46$ / tonne premium for this current supplies When they start selling crude to him in naira , another costing will be done then in October but for now the above applies , I think it should also be obvious why there is this contention between dangote and nnplc , it’s not for the benefit of Nigerians , it’s because power has changed hands 😊😊 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 11:45am On Sep 16 |
rmx: The actual thing to do is for NNPC to also reveal how much they are paying for PMS imports currently (since 16.8 million litres purchased from Dangote Refinery isn't enough for local consumption). NNPC is just trying to put DR on the spot vs Nigerians. You import at over #1,100/litre and subsidize it to sell at circa #840. Then you buy a better quality of the same product at less than your import price but because you don't want DR, you prefer not to pay a lower subsidy so that you can keep importing in order to pay a higher subsidy. The problem is that we don't seem to see through what they(NNPC) are doing. 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:49pm On Sep 16 |
chillykelly86: Their game is simply to justify continuing importation. Why don't they hands off and allow the free market to run? Or better still, supply crude in Naira and control the price? 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:02pm On Sep 16 |
godlyguy: You sound like a grandpa who would warn you against drinking soft drinks without explaining the nuances of diabetes. I doubt he fully understands the complexities of the disease, just seeing it in black and white. Have you heard of the concept of risk parity? This investment strategy rebalances and diversifies a portfolio based on overall risk, not just proportions. Allows investors to include riskier assets if it doesn't increase the portfolio's overall risk, potentially reaping higher returns. For example, I did my "double your money" challenge with Oando when it was trading at 15 something. While 500k is a significant sum (maybe not ), even a 50% loss wouldn't have significantly impacted my entire portfolio. My point is that no stock is inherently bad. What matters is your investment approach. There's nothing stopping a beginner from investing in riskier assets, as long as they fully understand the risks involved. 16 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:47pm On Sep 16 |
ositadima1: My brother, thank you. I have learnt from what you typed But mind you, they may come after you and call you an APC agent or Monkey Hunter if you keep defending or saying positive things about Oando. .He has some point but he has decided to use only one way analysis and he believes that any other contrary opinion is Monkey Hunting. He is not alone. He has classmates who join him to chorus the myopic view that he holds. I don't know why some people become unnecessarily toxic in a faceless forum like this. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 1:55pm On Sep 16 |
chillykelly86: My final thoughts on this The era of importation of petrol and subsidy corruption is almost gone , the nnpc and cartel can’t be happy , the reason they are also trying to show Nigerians clearly that dangote is no messiah and he is the one profiting now from the current arrangement , out of spite and pain , but baba / dangote no wan cast in the eyes of Nigerians too I do not expect petrol to go back to previous rate of 600 , that era is gone for good without subsidy and without exchange rate coming down . we will be lucky to get 800/900 , time will tell . October is around the corner 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by brotherly: 2:05pm On Sep 16 |
godlyguy: We don hear ....oya rest small. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:11pm On Sep 16 |
OANDO JSE Uuuhhmmm! I see SM catch-in on some people's fear!! 11 to 30 in a single day!!! 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Bizibi(m): 2:37pm On Sep 16 |
NNPCL NNPCL NNPCL!! That place need a lot of holy water sprinkled before cleaning it. Corruption too thick for there...... 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:39pm On Sep 16 |
https://www.vanguardngr.com/2024/09/dangote-fallout-scotlands-only-oil-refinery-to-close-next-year-400-jobs-to-go/amp/ Fallout from Dang Refinery. Safe to say Dangote is a wicked sombori . One man's food is another man's poison. |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:49pm On Sep 16 |
chimex38:lol! Many of these countries are transitioning from fossil fuels into renewable and cleaner energy sources. So, they'll be happy for Dangote... |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:55pm On Sep 16 |
BullBearMkt:They ain't leaving fossil yet.. This particular one at least is transiting to a storage depot for fuel. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:13pm On Sep 16 |
Your points are very valid....for an ideal setting. Sadly we are not in one of such.... The bolded is probably one of the last things we might see materialize olig: 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:23pm On Sep 16 |
This is the bone of contention. Without taking sides, I can say that DANGREFINE and NNPCL might not be out of line to keep the current lifting price a 'trade/contractual secret' After all the current produce from DANGREFINE are acclaimed not to be from the NNPCL-supplied crude. PS. The attached shows that NNPCL has actually supplied DANGREFINE some crude (not sure of its authenticity) Agbalowomeri: 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:29pm On Sep 16 |
You get the drift... 👍🏾 rmx: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:36pm On Sep 16 |
KarlTom: Secrecy everywhere until Alhaji provoke 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:56pm On Sep 16 |
KarlTom: |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 4:26pm On Sep 16 |
Whenever you hear Dangote Sugar, stop thinking of cubes of sugar. Remember you are talking about a refinery! 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:51pm On Sep 16 |
OakPearl: Na only cube of sugar my brain fit reason abeg 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:52pm On Sep 16 |
megawealth01: Abeg make he continue to provoke We are getting there gradually 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:00pm On Sep 16 |
Agbalowomeri: The last time he provoke we found out he didn't get the massive land free as government made us believe 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:02pm On Sep 16 |
megawealth01: Now they have to explain where $100M waka go The guy dey really choke dem for throat 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:03pm On Sep 16 |
Between NNPCL and Alhaji Refinery who is Lai Mohammed and who is Ajuri Ngalale? |
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