NewStats: 3,261,346 , 8,173,732 topics. Date: Wednesday, 28 May 2025 at 09:52 PM 3961416z3e3g |
Nigerian Stock Exchange Market Pick Alerts (13084498 Views)
chimex38: 6:40pm On Nov 28, 2024 |
megawealth01: 6:40pm On Nov 28, 2024 |
Mcy56: MCY that year ![]() 2 Likes |
chimex38: 6:44pm On Nov 28, 2024 |
Raider76: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 ![]() ![]() ![]() |
chimex38: 6:47pm On Nov 28, 2024 |
megawealth01:I sure say dem must bid n win. ![]() dem just dey like Access Bank. Acquirers ![]() ![]() |
emmaodet: 6:54pm On Nov 28, 2024 |
HesInMe: ![]() ![]() Na WA with different grammars.... Uber-complicated, byzantine deal making... Hmmmm |
ositadima1(m): 7:13pm On Nov 28, 2024 |
HesInMe: 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? 3 Likes |
Raider76: 7:22pm On Nov 28, 2024 |
chimex38: Not necessarily. Many of those who made big gains in Oando were invested in it for years. It didn't happen that easily. |
megawealth01: 7:26pm On Nov 28, 2024 |
Streetinvestor2: 7:43pm On Nov 28, 2024 |
HesInMe: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 6 Likes |
HesInMe: 8:14pm On Nov 28, 2024 |
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: 6 Likes 1 Share |
HesInMe: 8:20pm On Nov 28, 2024 |
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: 1 Like |
KarlTom: 10:12pm On Nov 28, 2024 |
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ghm: 10:26pm On Nov 28, 2024 |
Sunrisepebble: 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.. 1 Like |
designking: 10:26pm On Nov 28, 2024 |
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. 1 Like |
megawealth01: 11:15pm On Nov 28, 2024 |
HesInMe: E go happen? I know someone that bought Oando at 200+ or so and haven't sold till date 2 Likes |
megawealth01: 11:20pm On Nov 28, 2024 |
The cross deals of Oando at above #90 is shocking shock ![]() 1 Like |
megawealth01: 11:24pm On Nov 28, 2024 |
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: 11:24pm On Nov 28, 2024 |
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megawealth01: 11:32pm On Nov 28, 2024 |
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!
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Raider76: 6:44am On Nov 29, 2024 |
megawealth01: In the end, only the truth will stand. DR |
designking: 6:47am On Nov 29, 2024 |
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. 2 Likes |
KarlTom: 7:17am On Nov 29, 2024 |
As previously discussed, these deals were not disclosed on the Corporate Disclosure Board... ![]() designking: |
KarlTom: 7:28am On Nov 29, 2024 |
OandO. +5.40% ETERNA. -6.94% ARADEL. +9.23% |
KarlTom: 7:29am On Nov 29, 2024 |
Sugar and Salt ![]() |
olig(m): 8:15am On Nov 29, 2024 |
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: |
Raider76: 8:18am On Nov 29, 2024 |
Harvestock01(m): 8:24am On Nov 29, 2024 |
mikeapollo: In China or Saudi, some of the comments you make here will earn a Khashoggi. |
Health3: 8:26am On Nov 29, 2024 |
megawealth01:When? |
essentialone(m): 8:36am On Nov 29, 2024 |
Locotrader: Any idea when Linkage Assurance Bonus shares will be credited? |
handsomebolanle: 9:11am On Nov 29, 2024 |
HesInMe: 9:36am On Nov 29, 2024 |
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: 9:40am On Nov 29, 2024 |
chimex38:Just after forecasting impact of geographic location of refinery. New Refinery in Gombe https://punchng.com/fg-approves-licence-for-27000-barrels-refinery/ |