Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,199,295 members, 7,971,073 topics. Date: Wednesday, 09 October 2024 at 09:17 PM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11659922 Views)
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)
(1) (2) (3) ... (8260) (8261) (8262) (8263) (8264) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:57pm |
rmx: pluto09: Lol, in fact, Dangote will be our savior and also save the Tinubu government. In 2023, refined products accounted for about 35 to 37% of Nigeria’s total imports in dollar terms (according to the Nigerian National Bureau of Statistics). Unless something else fills that gap, the dollar is bound to fall. If the dollar falls, the $74 per barrel will cost Dangote and other refineries less, which means lower costs for us as consumers. I haven’t factored exports of refined products into this, but with Bua and many smaller refineries expected to start operations soon, I’m hopeful. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:06pm |
ositadima1:You are very correct. The dollar will hit #1500 or less by December if the government are serious with recent pronouncements of willing buyer and willing sellers for crude related products. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 5:08pm |
You get the drift... ositadima1: |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 5:09pm |
exchange rate stability is more likely it than a return to $1 to 1k... it will be certainly a miracle if the NGN can do a reversal |
Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 5:17pm |
ositadima1:This sounds like the typical Nigerian delusion! Many of Nigeria’s delusional optimist analysts & commentators pegged dollar fair value at about N800 and many argued that local refining will reduce petrol price. Today we know better. Even the talk of reduced pressure on fx will likely not materialize, and there will still be petrol scarcity with queues every now and then, like when Lokoja gets completely flooded and tankers cannot move across. You truly don’t appreciate how messed up the Nigerian system is, such that those ideals simply cannot apply. Let’s just celebrate the sentimental value that comes with ‘refining our crude ourselves’ and watch what transpires |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 5:23pm |
KarlTom: Oando gently dropping to a JI-able bus stop. Is tomorrow really a Court date, Oandites? I want Delisting cloud completely blown away. I don't care much about Results for now. We're busy doing acquisitions and expansions; Cementing our nascent status as Africa's top indigenous IOC. The Results and positive financials will come later, and today's sceptics will come and buy from us at seller's price. But we have to remain listed. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 5:23pm |
The dominance of $ over the ₦ is largely due to our OVERDEPENDENCE on the greenback: demand far exceeds supply. DANGREFINE will give our ForEx a much needed reprieve... When the citizenry will start enjoying the ₦ appreciation is what no one can categorically say. We remain in hopeville |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:27pm |
Tpharell:If you are not ok with thr delusional optimist analysis etc.You expect us to accept your smart analysis and dooms day analysis abi. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:33pm |
zendi:.I hope they don't postpone that one too |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 5:33pm |
Honestly! I just had to overlook some previous posts... No Nigerian professor of economics can come out boldly and give a projection of the $ v ₦ rate so why are we acting as if it is a crime to hope for something better... Streetinvestor2: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:38pm |
RodgersAkpafu: It will |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 5:40pm |
ositadima1: We all want the naira to appreciate but we should also be realistic with our expectations. Yes, import bills will reduced but so also is our export earnings from crude oil. |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 5:41pm |
megawealth01: we will see about that |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:41pm |
NNPC Retail Outlets Adjust Pump Price To ₦998/Litre In Lagos, ₦1,030 In Abuja https://www.channelstv.com/2024/10/09/nnpcl-sells-petrol-at-%e2%82%a6998-per-litre-in-lagos-%e2%82%a61030-in-fct/ |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 5:42pm |
pluto09: a cheaper dollar from a behavioural standpoint will make Nigerians splurge more on foreign products for dollar to really have a reversal, there has to be a multi sectoral approach, not just looking at it via the oil sector 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 5:44pm |
The thing about delusion is it keeps you perpetually waiting for something that will never come. Never! And it prevents you from being realistic enough to see the obvious 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 5:47pm |
Tpharell:right ✅️ |
Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 5:49pm |
Whole state governors are converting their allocations to USD, even the CBN alluded to that, but delusional people believe that somehow, the naira will ‘miraculously’ recover based on some textbook theory they read about in school. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:59pm |
NNPCL+PMS PRICE Our hopes were raised at the turning of sod of Dangote Refinery. They deceived us into what the realities are today, a different ball game entirely... Man inhumanity to man, why? 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:01pm |
Tpharell: I don’t respond to baseless arguments. Everything you wrote is unfounded and emotional. Please present facts or refrain from replying or quoting me. In my post, I presented clear facts—follow my example or get lost!!! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:04pm |
I wonder why you're here on a naira forum. Why not move on to USD and let us dreamers dream in peace? 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:06pm |
Una buy dollar for 1,800, lol, una go cry me river, soon. |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 6:08pm |
pluto09: you're a natural monkey dealer. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:28pm |
RodgersAkpafu: It's called comparative advantage—you don’t need to manufacture everything. You just need to focus on what you excel at to thrive. Once Dangote starts exporting, you’ll understand what I mean—not just petrol, but also plastics, bitumen, fertilizers, machine oils, and raw materials for beauty products. More refineries are on the way. Anyway, as I usually do, I’ll quote these posts at the right time to remind you. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:34pm |
For those thinking I support this una government. The truth is I haven't been in Nigeria for years now all my dealings in una country is through lawyers etc but truth be told, the dollar to naira rate is just artificial which will soon clear in the eyes of those living in Nigeria and hoarding USD If you want to quote me just be CIVIL and some respect 3 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 6:35pm |
ositadima1: I disagree with you on this one I may not be as pessimistic as he is, but I won't totally write off his main premiae because I share the same sentiment. As one with........ my experience I believe I'm in a good position to give some insights on this matter So here we go As I mentioned in my preceding post, from a behavioural economics standpoint, Nigerians are a special breed of animals One can use surface analysis and say for example, because oil imports is like 40% of the demand for forex, and we don't need to import anymore, therefore the naira will appreciate 40% That looks good on the surface but economic realities, especially for a country like Nigeria would betray such arguments Nigerians generally have a penchant for "the good life" and imported things You really think our demand for other imported products won't go through the roof if there is a temporary pull back in the value of the naira ? A lot of imported things have been suspended by Nigerians because the dollar has become somewhat out of reach wait till there is a small pull back that's one Two, we have thousands of Nigerian youths who plan to flee Nigeria using many routes, one of which is the foreign studies route let naira shed 25% and watch what happens in that space as well What about banking professionals who have been "pauperised" because they can no longer afford foreign trips ?] Add continued fiscal recklessness to the mix it's even more messy. And an ailing economy to boot ? That's why I said that the naira will stabilise AT BEST at the current rate maybe a 5 to 10% Max appreciation cos all these factors will interplay at the same time and push the price to a "settling point" 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 6:36pm |
megawealth01: This is not necessary sir Most of us here are not naija based either and tbh it makes no difference |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 6:38pm |
ositadima1: I will do same Let's watch and see what will play out in the next two years |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 6:40pm |
I mean it will be great to see the naira appreciate significantly My dividend income will make more sense in Nigeria for me to repatriate and chop here But I am a realist a 30% short term appreciation na mission impossible But it will be nice to be wrong |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:44pm |
RodgersAkpafu: Nwanne read the intention of my message. I'm not denying my country but just to state a fact that I ain't saying it out of PATRIOTISM |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 6:48pm |
megawealth01: got it. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:53pm |
RodgersAkpafu: I no longer like discussing without facts, and I’m not theorizing. Nigeria spent over 30% of its dollars on refined products, even when the exchange rate was below 500 naira per dollar. If you want the stats, they’re available from the Nigerian Bureau of Statistics. After refined products, the next largest imports are sugar, some grains, cars, and large machinery, while consumer products made up about 0.5%. So, unless you have contrary data, my question is: why didn’t Nigerians splurge to the extent that it became noticeable in the proportions when naira was less than 500? Please, facts only. |
(1) (2) (3) ... (8260) (8261) (8262) (8263) (8264) (Reply)
Viewing this topic: Ehinomen1, Mills55, Victoryissure(m), ProphetUtuocha, essentialone(m), Choiceguy, Mpeace(m), ogoo4real, Whytehandy and 13 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 3 |