NewStats: 3,263,147 , 8,179,245 topics. Date: Wednesday, 04 June 2025 at 08:18 PM 54302v

benzmatic:

More goods to import, and more people wanting to import. It will put more pressure on the official markets, and the black market.

All the goods were previously being imported except that you cannnot access FX officially for the 43 listed items.

sky2891:

All the goods were previously being imported except that you cannnot access FX officially for the 43 listed items.

You are on point

sky2891:
https://doclib.ngxgroup.com/Financial_NewsDocs/39575_OANDO_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_OCTOBER_2023.pdf
Please will the buy out offer be part of the deliberations during the AGM? It's not written in this notification.

Good people!

Please assist with Morgan capital client number

sky2891:

All the goods were previously being imported except that you cannnot access FX officially for the 43 listed items.

Bizness is tough in Naija..
With no restrictions on imports and access to FX officially...
Its doom day for those with factories and production capacity.
Summary...It only pays to be a portfolio investor in Naija...

Please I need help between Afriprud and ucap which one is best to invest for a year

agbanimu11:
Please I need help between Afriprud and ucap which one is best to invest for a year

both are okay!
but I prefer Ucap

sky2891:

It will ease the pressure on the black market.
These importers can now also access foreign currency through the commercial banks via Letters of credit and Bills for Collection at the official rate.

Correct explanation

Zegra:
Good people!

Please assist with Morgan capital client number

This is morgan capital 's Acct numbers:

* Zenith bank acct: #1013840874

* Polaris bank acct #1771365357

* Acct name: morgan capital Securities Limited

Mfunkynation:


This is morgan capital 's Acct numbers:

* Zenith bank acct: #1013840874

* Polaris bank acct #1771365357

* Acct name: morgan capital Securities Limited

Thank you!

Tpharell:
https://doclib.ngxgroup.com/Financial_NewsDocs/39575_OANDO_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_OCTOBER_2023.pdf

Thanks for this.
OANDO has released a Notice of AGM holding in Lagos on 6-Nov-2023, but is silent on the de-listing of its shares as it is not mentioned in the notice of the AGM.
What does this mean? Not to prejudice the case in court?

Results are supposed to start coming by now. Early birds like UCAP, Transcorp, Afriprud etc whats up with ur results.

Mpeace:
Results are supposed to start coming by now. Early birds like UCAP, Transcorp, Afriprud etc whats up with ur results.

All eyes on results.
Maybe from Monday

mikeapollo:


Thanks for this.
OANDO has released a Notice of AGM holding in Lagos on 6-Nov-2023, but is silent on the de-listing of its shares as it is not mentioned in the notice of the AGM.
What does this mean? Not to prejudice the case in court?

Could this be tagged unseriousness with the delisting or do we expect another AGM specifically for the delisting?

Terver90:
Greetings fellow nairalanders, honestly I am really enjoying your contributions. I am creating a watsapp group for stock trading and signals for prompt messages you can chat me on 08one35zero678three9 so that you can be added to the group if you share similar thoughts. If you are not comfortable please I ignore instead of falsely accusing me of scam like an illiterate because I certainly nobody's one naira is needed the goal and aim is to help ourselves. I hope the gurus won't shy away, please we need you, thank you in anticipation.

Why are you here?
is it not to be informed?
why do WE need a WhatsApp group?
if this was a WhatsApp group, will you get all the information here from years back?
Oga, kindly run your show alone and let us BREATHE!

Mfunkynation:

Why are you here?
is it not to be informed?
why do WE need a WhatsApp group?
if this was a WhatsApp group, will you get all the information here from years back?
Oga, kindly run your show alone and let us BREATHE!

I am not surprised about your type, and that was why I mentioned that if you are not interested simply ignore, but then you must show your reversed comprehensive skills to the world. In what way is watsapp wrong? Did I shove watsapp down your throat? stop suffocating yourself and accusing the innocent. Both platforms are amazing with their unique usabilities, are you that shollow minded not to see facts? Direct your frustrations elsewhere please I am certainly not responsible for them.

sky2891:

All the goods were previously being imported except that you cannnot access FX officially for the 43 listed items.

Ok, I see. The items were being imported illegally with funds sourced from the black market. It sounds logical now how the pressure on fx from the black market could be lessened if the importers are able to access the official rates.

essentialone:
In June, 2015, immediately that nonsense Buhari entered office, he banned 40 items from being imported into Nigeria. Tinubu has ordered the immediate cancellation of that Ban. Nigerians are now free to import the following 40 listed products. They are no longer contraband.

I hope the President has surrounded himself with good economic advisers.......
Production will forever be a game of compititive advantage,
Nigeria has no business producing rice, we cant compete with indonesia , japan and india for the rice market, i just pity the rice mills that have just been built they will all fold up quickly
What we have competitive advantage we dont push......what happened to Obasanjos policy of achiving 20% cassava in all flour produced in Nigeria, dat policy alone would have shielded Nigeria from the Russian Ukrainian war effect on the prices of wheat but it was abandoned......
Nigeria is not positioned to be a rice producing nation but It could be a cassava producing nation, a palm producing nation but there is no body pushing this.....
Whats in everybody's head is how to sell a bag of rice that cost #2000 in India #50000 in Nigeria

maishai:


I hope the President has surrounded himself with good economic advisers.......
Production will forever be a game of compititive advantage,
Nigeria has no business producing rice, we cant compete with indonesia , japan and india for the rice market, i just pity the rice mills that have just been built they will all fold up quickly
What we have competitive advantage we dont push......what happened to Obasanjos policy of achiving 20% cassava in all flour produced in Nigeria, dat policy alone would have shielded Nigeria from the Russian Ukrainian war effect on the prices of wheat but it was abandoned......
Nigeria is not positioned to be a rice producing nation but It could be a cassava producing nation, a palm producing nation but there is no body pushing this.....
Whats in everybody's head is how to sell a bag of rice that cost #2000 in India #50000 in Nigeria

Rice again.To think alhaji said one shares of his rice company is equivalent to 11
shares of sugar is alhaji magu magu.Funny enough I never see alhaji rice for market before.Pls what is the brand name for alhaji rice or it is for export only

maishai:


I hope the President has surrounded himself with good economic advisers.......
Production will forever be a game of compititive advantage,
Nigeria has no business producing rice, we cant compete with indonesia , japan and india for the rice market, i just pity the rice mills that have just been built they will all fold up quickly
What we have competitive advantage we dont push......what happened to Obasanjos policy of achiving 20% cassava in all flour produced in Nigeria, dat policy alone would have shielded Nigeria from the Russian Ukrainian war effect on the prices of wheat but it was abandoned......
Nigeria is not positioned to be a rice producing nation but It could be a cassava producing nation, a palm producing nation but there is no body pushing this.....
Whats in everybody's head is how to sell a bag of rice that cost #2000 in India #50000 in Nigeria

Meaning, you will not start a business because superior competitors are doing the same business? Or I read you wrongly?

essentialone:


Meaning, you will not start a business because superior competitors are doing the same
business? Or I read you wrongly?

Summary,
It's not advisable to start a business ...
u don't have competitive advantage .
It's suicide....
Lastly, bad days are creeping
in for some coys... on the NGX...
who has production facilities for some of the items on the list (cement, rice. Palm kernel ,palm oil products,
vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry)
U really have to be on top of your game to
compete with import goods.

Please kindly share with me what really happened in eterna stock that make it drop all d way from #34 to what it is currently selling. because I'm new to stock market. I'm doing some study.the ogas should pls help a brother

agbanimu11:
Please kindly share with me what really happened in eterna stock that make it drop all d way from #34 to what it is currently selling. because I'm new to stock market. I'm doing some study.the ogas should pls help a brother

What moved eterna from 700k to 3400 is simply the euphoria surrounding the fuel importation licence given to the company. Thereafter, people start hearing of importers (including eterna) having problems accessing forex to import the products. Even the company spokesman later came on media to attest to this forex issue. To make the matter worse, eterna suffer from forex in their Q2 result and declare a loss. This is why it is currently at 1490k. if the conditions surrounding its operations changes tomorrow, the stock price will follow suit.

Streetinvestor2:
Rice again.To think alhaji said one shares of his rice company is equivalent to 11
shares of sugar is alhaji magu magu.Funny enough I never see alhaji rice for market before.Pls what is the brand name for alhaji rice or it is for export only

Tomato is the worst, If u decide to be a tomato processor in Nigeria, u will just be a conduit pipe for mosanto and Bayer to make profit.........
Those profits never accrue to d Nigerian investor

The commodities Nigeria has compititive advantage is not attractive to big capitalist as capital is no barrier to entry....

Take cassava for example, u dont need to be a genius to produce it just clear any piece(acre) of land and stick fresh cassava sticks in, do the minimum weeding required and after 1 year, a family of 4 can have garri to eat and drink for another year.......

I once came across a party invite in Ontario organized by Nigerians and the star attraction is garri, peanut and milk to be soaked during the party.....

The average person would think this people are just missing home but imagine the whole of Canada developing a taste for garri maybe as breakfast cereal......D amount of forex dat alone will generate Nigeria will be close to oil revenue

Its not impossible to produce garri in canada but it may not be practical

The above is the story of rice and tomato paste processing nobody tells u about.....

Everyone keeps looking at demand ignoring supply

I believe the president should be snacking on Garri and peanut at UN meetings wearing Nigerian ankara and sipping chilled zobo to push our own commodities to d global stage

[quote author=kolaish post=126386858]What moved eterna from 700k to 3400 is simply the euphoria surrounding the fuel importation licence given to the company. Thereafter, people start hearing of importers (including eterna) having problems accessing forex to import the products. Even the company spokesman later came on media to attest to this forex issue. To make the matter worse, eterna suffer from forex in their Q2 result and declare a loss. This is why it is currently at 1490k. if the conditions surrounding its operations changes tomorrow, the stock price will follow suit.
Thanks so much brother u are well appreciated

It is weekend and I just think we need to share some experience on trading.

There is always huge differences between trading and investing. Trading in stocks entails buying and selling stocks for short term gains. Time frame for trading depends on your definition of short term, as for me, trading is buying to sell between a day and 6 months time. On the other hand, investing is to buy and hold a stock for long term gains i.e. a year till eternity. In trading stock, you focus basically on buying a stock when you see that the stock is cheap at the prevailing market price and that it may go up in the shortest possible time. For example, some traders buy stocks in order to make as little as 10% - 30% and sell on or before 5 days. Please note that trading does not necessarily focus on the fundamentals of a stock, but the short time potentials of capital appreciation/gains.

Below are the lessons I learnt from trading stocks in the last one year. Note that every year has its own peculiarity and challenges. So, we will keep learning and get better through experience.

1. As a trader, be very diligent and understand when to buy and when to sell. do not be in a hurry when trading, because you may lose some of your money if you are not careful enough. There is always a buyers’ market and sellers’ market for every stock, don’t buy when it is time to sell and don’t sell when it is time to buy (Timing is very important when buying and selling). Always aim to buy a stock before it starts an upward movement. Be cautious not to rush into a stock that is on a high trajectory, except if you are sure that the fundamentals/potentials of the stock can still make it go higher than your entry price.

2. Always aim to buy the dip when the price of your target stock is going down. Don’t be too fearful that the stock has not reach its bottom, if you have reservations about it, you can be buying in tranches as it is going lower in order to reduce your entry price. For example, I refused to buy Ardova when it was N11, thinking it may get to N9, but then, right under my nose Ardova picked from N11 and move to N23 within four months.

3. NEVER rush to buy another stock when you just made good profit from a stock; Relax and let the proceeds be in your trading for at least a week before deciding on what to buy or do with it. If you are not careful, you may enter a stock that will ERODE the gains you just made and take you back to square one.

4. Avoid stocks that has returned more than 100% - 400% year to date, if you insist on buying it, you may end up carrying the shell and being the foolish trader holding forth for the smart traders (mai kaya in hausa language )

5. Exercise restrain when buying a stock that is on a rally due to expected good result by the market. Reason being that the price of the good result may have been factored into the stock already. Therefore, it may not rally again even after the release of the juicy result. Infact, the price may start to decline after the release of the good financials. Example is FCMB @ 697k

6. Also, be cautious about entering the market when there is general market bull between 10am – 12pm. The bull may be an initial gra-gra that may slow down before the close of market. Therefore, those stocks going up like private jet may still be sold lower between 1pm and close of market. Example was when I rushed to buy FCMB @ 697K based on their outstanding Q2 2023 performance, only to see the same sold at 640k around 1.30pm. Right now, I am yet to see the price hit my average price of 679k, though I am prepared to wait till release of their Q4 result as I still believe it will still sur 700k.

7. Do not hate or judge any stock due to its past antecedents. As far as it has not been delisted from the market, money can still be made from it. Therefore, study the present status of the stock distinct from its past and see if opportunity exist for you to make quick gains. Examples of these type of stocks are DaarCom, IEI etc For instance, I annoyingly sold the IEI that I bought @ 124k in 2011 for 29k few months ago just because I am not happy with the company, instead of studying the present situation and buy more. Infact, I got angrier everyday when its price was increasing till it got to around 140k (bad belle, you will say ). Due to this point, I was able to swallow my pride, bought some alleged bad stocks. for example, I made 160% gain on Oando because I know that I have nothing to loose when the price was around 525k. I made another 115% gain by buying Japaul @37k and selling at 84k, all within 2 months of purchase.

8. Do not be too much in a hurry to exit a stock with good fundamentals/potentials. It may reach the price you never imagined. For example, I bought NAHCO @ 725K and exited at N14, not knowing it will still be sought after even at N22.

The points above is just a little summary and not all my experiences. While trading, you should expect gains and losses. When you gain, you are happy and when you lose, don’t suck much, just re-strategize, put the lesson behind you and move-on. However, I can say that I have been successful due to fact that I made 75% gains as against 25% losses. The gurus in the house can give us their experiences too on trading or investing.

Disclosure: I do hope that @onegentleguy will forgive me for infringing on his privacy (epistle )

Terver90:
I am not surprised about your type, and that was why I mentioned that if you are not interested simply ignore, but then you must show your reversed comprehensive skills to the world. In what way is watsapp wrong? Did I shove watsapp down your throat? stop suffocating yourself and accusing the innocent. Both platforms are amazing with their unique usabilities, are you that shollow minded not to see facts? Direct your frustrations elsewhere please I am certainly not responsible for them.

No one here wants WhatsApp and you shouldn’t create a group.
WhatsApp is closed, not easily searchable, not reference-able, does not serve as a repository of knowledge like this thread. Sometimes, I go back to posts from years ago.
The stocks I choose are from learning here.
Anyone in the world can Google for information and this thread will be visible to them.
Any one suggesting whatsapp is an enemy of open-source knowledge.

maishai:


I hope the President has surrounded himself with good economic advisers.......
Production will forever be a game of compititive advantage,
Nigeria has no business producing rice, we cant compete with indonesia , japan and india for the rice market, i just pity the rice mills that have just been built they will all fold up quickly
What we have competitive advantage we dont push......what happened to Obasanjos policy of achiving 20% cassava in all flour produced in Nigeria, dat policy alone would have shielded Nigeria from the Russian Ukrainian war effect on the prices of wheat but it was abandoned......
Nigeria is not positioned to be a rice producing nation but It could be a cassava producing nation, a palm producing nation but there is no body pushing this.....
Whats in everybody's head is how to sell a bag of rice that cost #2000 in India #50000 in Nigeria

It's people like you who should be a part of government as special advisers and ministers. Unfortunately, Nigeria only elevates idiots to positions of authority. Maybe Tinubu, remi, Seyi or any of their minions are on this thread to see this post and act on it.

Willie2015:

Summary,
It's not advisable to start a business ...
u don't have competitive advantage .
It's suicide....
Lastly, bad days are creeping
in for some coys... on the NGX...
who has production facilities for some of the items on the list (cement, rice. Palm kernel ,palm oil products,
vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry)
U really have to be on top of your game to
compete with import goods.

Forget it.The government will never allow the importation of cement. Alhaji is government himself. Alhaji is head of big cartel in naija.Town Hall will not want fight in that front. That u have lift on 43 items. Does not mean they all have been approved to be imported by customs into the country from my findings

kolaish:
It is weekend and I just think we need to share some experience on trading.

There is always huge differences between trading and investing. Trading in stocks entails buying and selling stocks for short term gains. Time frame for trading depends on your definition of short term, as for me, trading is buying to sell between a day and 6 months time. On the other hand, investing is to buy and hold a stock for long term gains i.e. a year till eternity. In trading stock, you focus basically on buying a stock when you see that the stock is cheap at the prevailing market price and that it may go up in the shortest possible time. For example, some traders buy stocks in order to make as little as 10% - 30% and sell on or before 5 days. Please note that trading does not necessarily focus on the fundamentals of a stock, but the short time potentials of capital appreciation/gains.

Below are the lessons I learnt from trading stocks in the last one year. Note that every year has its own peculiarity and challenges. So, we will keep learning and get better through experience.

1. As a trader, be very diligent and understand when to buy and when to sell. do not be in a hurry when trading, because you may lose some of your money if you are not careful enough. There is always a buyers’ market and sellers’ market for every stock, don’t buy when it is time to sell and don’t sell when it is time to buy. Always aim to buy a stock before it starts an upward movement. Be cautious not to rush into a stock that is on a high trajectory, except if you are sure that the fundamentals/potentials of the stock can still make it go higher than your entry price.

2. Always aim to buy the dip when the price of your target stock is going down. Don’t be too fearful that the stock has not reach its bottom, if you have reservations about it, you can be buying in tranches as it is going lower in order to reduce your entry price. For example, I refused to buy Ardova when it was N11, thinking it may get to N9, but then, right under my nose Ardova picked from N11 and move to N23 within four months.

3. NEVER rush to buy another stock when you just made good profit from a stock; Relax and let the proceeds be in your trading for at least a week before deciding on what to buy or do with it. If you are not careful, you may enter a stock that will ERODE the gains you just made and take you back to square one.

4. Avoid stocks that has returned more than 100% - 400% year to date, if you insist on buying it, you may end up carrying the shell and being the foolish trader holding forth for the smart traders (mai kaya in hausa language )

5. Exercise restrain when buying a stock that is on a rally due to expected good result by the market. Reason being that the price of the good result may have been factored into the stock already. Therefore, it may not rally again even after the release of the juicy result. Infact, the price may start to decline after the release of the good financials. Example is FCMB @ 697k

6. Also, be cautious about entering the market when there is general market bull between 10am – 12pm. The bull may be an initial gra-gra that may slow down before the close of market. Therefore, those stocks going up like private jet may still be sold lower between 1pm and close of market. Example was when I rushed to buy FCMB @ 697K based on their outstanding Q2 2023 performance, only to see the same sold at 640k around 1.30pm. Right now, I am yet to see the price hit my average price of 679k, though I am prepared to wait till release of their Q4 result as I still believe it will still sur 700k.

7. Do not hate or judge any stock due to its past antecedents. As far as it has not been delisted from the market, money can still be made from it. Therefore, study the present status of the stock distinct from its past and see if opportunity exist for you to make quick gains. Examples of these type of stocks are DaarCom, IEI etc For instance, I annoyingly sold the IEI that I bought @ 124k in 2011 for 29k few months ago just because I am not happy with the company, instead of studying the present situation and buy more. Infact, I got angrier everyday when its price was increasing till it got to around 140k (bad belle, you will say ). Due to this point, I was able to make swallow my pride, bought some alleged bad stocks. for example, I made 160% gain on Oando because I know that I have nothing to loose when the price was around 525k. I made another 115% gain by buying Japaul @37k and selling at 84k, all within 2 months of purchase.

8. Do not be too much in a hurry to exit a stock with good fundamentals/potentials. It may reach the price you never imagined. For example, I bought NAHCO @ 725K and exited at N14, not knowing it will still be sought after even at N22.

The points above is just a little summary and not all my experiences. While trading, you should expect gains and losses. When you gain, you are happy and when you lose, don’t suck much, just re-strategize, put the lesson behind you and move-on. However, I can say that I have been successful due to fact that I made 75% gains as against 25% losses. The gurus in the house can give us their experiences too on trading or investing.

Disclosure: I do hope that @onegentleguy will forgive me for infringing on his privacy (epistle )

You are doing well brother.More grease to your elbow

The real question is do you have sufficient forex to sell to all the dealers of the listed categories. Clearly not, currently even before the ban was lifted companies whose imports were approved would apply for say $1m forex and would be given $5-10k, hence they are majorly in the black market. The real issue is $ liquidity and until we increase inflow unbanninng makes no difference to fx issues.

The flipside will be an increase in customs revenue due to more import duties, cheaper commodities at the expense of employment for locals, while killing local production rather than resolving the issues faced by local producers. Yes we may not have competitive advantage in rice but is that same for toothpick, wheelbarrow, headpan and a whole others, we cannot as over 200m people stick to importing everything, this is not sustainable as we will just keep expanding the unemployment bracket and fueling insecurity.

We need to balance things and see the big picture but this cut and paste approach will lead us no where.