NewStats: 3,261,643 , 8,174,630 topics. Date: Thursday, 29 May 2025 at 10:14 PM 2e1957

Teenaira:


Oga, amend your sentence. Change the love to capital letters. Thank you already.

Mcy56:

Be careful of Sunu.
Wait for green light and favourable info before you jump into it.
As it is, there's no tangible info yet...... after lifting the suspension.......except for the board meeting coming up tomorrow 21st.

MCY that year

Raider76:


Use this as lesson learned and apply it to the many similar chances that will come your way.

To break it down, probably he will have to be able to either predict the future or wait for next president-d stock or senior political personnel

megawealth01:


The lucrative one will go to Oando?

I sure say dem must bid n win.

dem just dey like Access Bank.
Acquirers

HesInMe:
With respect, these kinds of comments are infuriating. Stop pretending you have a Palantir, a God-given insight into the future bestowed only upon thee.

We need to do better as a group. We're not doing talisman investing. Tell us the investment case you see for Oando -- one that we can all analyze. Ordinarily, a company with the horrendous track record Oando has -- poor management, high indebtedness, uber-complicated financials, byzantine (I dare say, corrupt) deal making, and negative shareholder returns -- should have no prayer in this market. It's not "Wale-hate."

Na WA with different grammars.... Uber-complicated, byzantine deal making... Hmmmm

HesInMe:
With respect, these kinds of comments are infuriating. Stop pretending you have a Palantir, a God-given insight into the future bestowed only upon thee.

We need to do better as a group. We're not doing talisman investing. Tell us the investment case you see for Oando -- one that we can all analyze. Ordinarily, a company with the horrendous track record Oando has -- poor management, high indebtedness, uber-complicated financials, byzantine (I dare say, corrupt) deal making, and negative shareholder returns -- should have no prayer in this market. It's not "Wale-hate."

What I don’t understand is why such an allegedly useless stock is keeping you up at night. You already know it doesn’t meet your standards, so why are you still involved with it? Did I hear you say we’re a group? How many times have I seen your name contributing to the group? Or are you one of those old-timers who just resurfaced?

chimex38:

To break it down, probably he will have to be able to either predict the future or wait for next president-d stock or senior political personnel

Not necessarily. Many of those who made big gains in Oando were invested in it for years. It didn't happen that easily.

chimex38:

I sure say dem must bid n win.

dem just dey like Access Bank.
Acquirers

You GERRIT

HesInMe:
With respect, these kinds of comments are infuriating. Stop pretending you have a Palantir, a God-given insight into the future bestowed only upon thee.

We need to do better as a group. We're not doing talisman investing. Tell us the investment case you see for Oando -- one that we can all analyze. Ordinarily, a company with the horrendous track record Oando has -- poor management, high indebtedness, uber-complicated financials, byzantine (I dare say, corrupt) deal making, and negative shareholder returns -- should have no prayer in this market. It's not "Wale-hate."

You get time with this fake prophet that uses his second handle to call himself out.The guy is a scam alert as wale.Thr is completely nothing spiritual about oando .The God we serve is never author of confusion

Good questions, but try to keep emotions out of investing. The stock and the company are two different things at times; you can make a boatload of money from a broken company. In fact, in the early days of venture investing, investors looked out for such companies because they offered the opportunity for extraordinary returns. I am an Oando investor for that reason.

As to the group dynamic. This is an open forum na. People come, people go. You don't own it. What I'm trying to do is to look for insights into companies. The collective wisdom can be superior to mine.

But only if we keep the comments substantive. If were up to me, I'd like this group moderated. If you pump (or dump) a stock, you must give a solid reason why.

ositadima1:


What I don’t understand is why such an allegedly useless stock is keeping you up at night. You already know it doesn’t meet your standards, so why are you still involved with it? Did I hear you say we’re a group? How many times have I seen your name contributing to the group? Or are you one of those old-timers who just resurfaced?

I'm an Oando investor. For years. Believe me when I tell you I want the stock to go to the moon so I can retire early. But it'll take more than lazy ing gimmicks or unsubstantiated pump-and-dump schemes for that to happen.

designking:

You can feel the personal attack against Oando from the tone of his post... We all can't believe in the same thing.

Allow people share their opinions peacefully. You may not like Oando, that doesn't mean we all should hate Oando too.

Do your thing while others do theirs...

Sunrisepebble:
Sorry for my poor language, they were not fighting on twitter. Rather, I saw a video where Wike was talking about how he revoked their land on twitter. I had previously also seen the Minister of Works, Umahi, also having issues with them. If the Minister of Works is having issues with you, then that is your signal to exit. Then luckily I decided to rotate profit into another industrial sector player, Wapco, and the rest is history

It is good you clarify... because Wike gave them all the construction works in Rivers State when he was the governor.
However, as FCT minister, he revoked the C of O of one of their land in FCT because they haven't developed in after a couple of decades according to him..

Central Bank of Nigeria Introduces Updated Guidelines for Interbank FX Trading via the Electronic Foreign Exchange Matching System (EFEMS)

In a significant move aimed at enhancing the Nigerian foreign exchange (FX) market, the Central Bank of Nigeria (CBN) has introduced a set of updated guidelines for interbank FX trading through the Electronic Foreign Exchange Matching System (EFEMS). This latest update marks a pivotal shift towards greater transparency, improved operational efficiency, and reinforced compliance within Nigeria's forex ecosystem, aligning it with global best practices and market expectations.

The Electronic Foreign Exchange Matching System (EFEMS) is a crucial platform used for matching buy and sell orders in Nigeria’s interbank forex market. Since its introduction, EFEMS has played an integral role in streamlining the process of currency trading, ensuring that market participants access real-time pricing information, which significantly reduces the opportunity for manipulation or unfair trading practices.

EFEMS allows market operators—including banks and other financial institutions—to engage in FX transactions in an automated and more controlled environment. The system operates by automatically matching bids and offers based on pre-set rules and market conditions, reducing human error and enhancing market efficiency.

Over the years, the dynamics of Nigeria’s foreign exchange market have evolved. Factors such as increasing market volatility, the rise of digital and automated trading platforms, and global financial trends have exposed gaps in the existing regulations. In response to these challenges, the CBN embarked on updating the guidelines for FX trading via EFEMS to better reflect current market realities and to further fortify the Nigerian naira against speculative trading and external shocks.

The primary focus of the updated guidelines is threefold: transparency, efficiency, and compliance.

Transparency: A Step Towards Market Integrity

Transparency is a cornerstone of any thriving financial market. The CBN’s updated guidelines are designed to improve the visibility of foreign exchange transactions and ensure that market participants operate in an environment where pricing and trade details are easily accessible and clear. By mandating the publication of daily FX rates and increasing the accessibility of trade data, the new rules will help foster a more predictable and transparent market environment.

One of the key features of the updated guidelines is the enforcement of real-time reporting of all transactions executed on the EFEMS platform. This requirement will ensure that there is no ambiguity regarding the rates at which deals are conducted, further mitigating the potential for illicit practices like insider trading and forex manipulation. For businesses and individuals involved in the forex market, this greater transparency will also enable more accurate decision-making and better alignment with the true market value of the naira.

Efficiency: Streamlining the Trading Process

Another key pillar of the updated guidelines is the enhancement of operational efficiency. The CBN seeks to optimise the FX trading process by ensuring faster, seamless, and more secure transactions through the EFEMS platform. With automated order matching, reduced manual interventions, and improved trade reconciliation processes, the system will significantly cut down on delays and errors that often lead to operational bottlenecks.

The guidelines also place emphasis on improving liquidity by encouraging more market participants to engage in regular trading. This liquidity boost is expected to create a more stable market where fluctuations in the value of the naira is mitigated more effectively. Moreover, the CBN has outlined measures to introduce greater flexibility in the system, allowing for multiple types of transactions, including forward contracts and other derivative products, thus increasing the depth of the market.

In an increasingly interconnected global financial system, compliance with regulatory standards is critical to maintaining the integrity of a nation’s currency and avoiding international sanctions. The updated EFEMS guidelines place greater emphasis on ensuring that all market participants adhere strictly to the CBN’s regulatory framework, thus enhancing the overall stability of the forex market.

The guidelines introduce stricter reporting and documentation requirements for banks and authorised dealers involved in interbank forex transactions. This includes ensuring that all participants comply with the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations, as well as ensuring adherence to the central bank’s directives on trading limits and permissible foreign exchange dealings. These measures are designed to safeguard the system against illicit financial flows and to maintain Nigeria’s compliance with international financial standards.

Additionally, the CBN has implemented more robust monitoring systems, leveraging advanced technology to track trades in real-time. This allows for early identification of any suspicious activities, thereby reducing the risk of currency market manipulation. In cases of non-compliance or violation of the rules, the CBN has indicated that there will be severe penalties, including fines and suspension of market privileges for erring institutions.

Impact on the Nigerian Economy

The CBN’s updated guidelines for interbank FX trading are expected to have a profound impact on Nigeria’s broader economic landscape. By improving transparency, the guidelines will foster greater investor confidence in Nigeria’s forex market, potentially attracting more foreign direct investment (FDI). With enhanced efficiency, the market will be more responsive to global market shifts, helping to stabilise the value of the naira and mitigate the volatility that often plagues emerging markets.

The emphasis on compliance will also contribute to building a more sustainable and responsible forex trading environment, ensuring that the sector operates within legal and ethical boundaries. This, in turn, can help Nigeria avoid the kinds of macroeconomic imbalances that have previously been triggered by erratic forex trading practices, such as speculation-driven exchange rate crises.

Conclusion

The introduction of updated guidelines for interbank FX trading via the Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria represents a significant step forward in the evolution of the nation’s foreign exchange market. By focusing on transparency, efficiency, and compliance, the CBN is taking decisive action to modernise the forex trading landscape and strengthen the Nigerian economy in the face of both domestic and global challenges.

As Nigeria continues to pursue economic diversification and stability, these updated guidelines will provide the foundation for a more resilient forex market—one that fosters trust, attracts investment, and s sustainable economic growth.

HesInMe:
I'm an Oando investor. For years. Believe me when I tell you I want the stock to go to the moon so I can retire early. But it'll take more than lazy ing gimmicks or unsubstantiated pump-and-dump schemes for that to happen.

E go happen?

I know someone that bought Oando at 200+ or so and haven't sold till date

The cross deals of Oando at above #90 is shocking shock

PH Refinery: NNPC Loaded Old Stock, Not Fresh Products– Host Community Secretary

https://punchng.com/ph-refinery-nnpcl-loaded-old-stock-not-fresh-products-host-community-secretary/

megawealth01:
PH Refinery: NNPC Loaded Old Stock, Not Fresh Products– Host Community Secretary

https://punchng.com/ph-refinery-nnpcl-loaded-old-stock-not-fresh-products-host-community-secretary/

The major problem with this whole thing is the fact that "reputable" media outlets carried the Port-hacourt Refinery and Nigeria Air stories without any form of verification!

megawealth01:
The major problem with this whole thing is the fact that "reputable" media outlets carried the Port-hacourt Refinery and Nigeria Air stories without any form of verification!

In the end, only the truth will stand. DR

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m.

The shares were purchased in two separate transactions between November 26 and 27, at an average price of N15.79 per share. Onyeali-Ikpe acquired 6 million units at N15.95 per share and an additional 4 million units at N15.55 per share.

This move follows a previous acquisition where she bought 15 million shares in Fidelity Bank between November 21 and 22, 2024, valued at N239.4m. The latest purchase, which forms part of an insider trading notification, was disclosed in accordance with the Nigeria Exchange Limited’s regulatory requirements for share dealings by directors of listed companies.

As previously discussed, these deals were not disclosed on the Corporate Disclosure Board...

designking:
.The latest purchase, which forms part of an insider trading notification, was disclosed in accordance with the Nigeria Exchange Limited’s regulatory requirements for share dealings by directors of listed companies.

OandO. +5.40%
ETERNA. -6.94%
ARADEL. +9.23%

Sugar and Salt

If the exchange rate stays fixed at N900 to a dollar, I doubt the 500 naira petrol price. This is because, I don't know anywhere in the world where a litter of petrol is sold for less than a dollar, without one form of subsidy or the other. At N900 -1000/1$, N500 per litter ~=25 cent per litter. That can not be, except there is subsidy or something that we don't know. To me, we need an exchange rate of around N500 to a dollar, and a lower crude price before we can realistically have N500 petrol price.

BabsO2:


At current exchange rate and oil prices, petrol cannot sell for N500. If oil prices go down to $30s then N500 is possible if the exchange rate stays fixed. If exchange rate also improves to N900/$ then even at current oil prices N500 will petrol be.

https://www.farooqkperogi.com/2024/11/is-port-harcourt-refinery-new-nigeria.html?m=1

mikeapollo:


Any so called ''freedom'' without strict boundaries is what leads to destruction. That is why crime rate is much less in less democratic environments,
You cannot afford to democratize nonsense for the citizens to do anyhow!

In China or Saudi, some of the comments you make here will earn a Khashoggi.

megawealth01:
The cross deals of Oando at above #90 is shocking shock

When?

Locotrader:


When prestige rises above it,we will see Linkage as an undervalued stock and create liquidity.

For now follow the money where it is going.

Prestige should be your Hallelujah chorus for this period

Any idea when Linkage Assurance Bonus shares will be credited?

Insurance is a potentially interesting investment opportunity in Nigeria that hasn't worked out for decades. We're still at low single-digit penetration. What is the investment case today for the sector? Which are the most promising stocks?

handsomebolanle:

chimex38:

Best bet for him would be export or sell to large storage facilities.

BUA, PH n Warri Refinery will take over the southern marketers when ready.

Dangote shld likely begin now to capture the regional-based marketers majorly in the North to help gain local market but with the large distance between Lagos n Northern states costing time n money, kaduna Refinery will be the go-to centre when it begins operation..

Truly, he may be limited locally in the long-run.

Just a forecast

Just after forecasting impact of geographic location of refinery.

New Refinery in Gombe
https://punchng.com/fg-approves-licence-for-27000-barrels-refinery/