OBAGADAFFI:
Guys more trouble for first bank, they have just been downgraded.

https://nationaldailyng.com/2015/firstbank-plc-in-trouble-says-global-rating-agency/


Also be careful with Zenith.

Primetech:


what else can it be?

Manonamission:


Brexit!!!

OBAGADAFFI:
Guys more trouble for first bank, they have just been downgraded.

https://nationaldailyng.com/2015/firstbank-plc-in-trouble-says-global-rating-agency/


Also be careful with Zenith.

fxuser:
small profit taking ongoing
offers >bids for now ! expected

#earyTrade

debeey87:
How does that affect our market

Mfunkynation:
Bros, morning. Am kinda surprise u could say that. Am on Itrade n have been buying n selling for d Las 2 yrs. D reason y I ask d stock prices is dat where I am d network service is down poor which makes it impossible for me to login on Itrade. NOTE: No offends taken

nio68:
am hoping some of the monies from the exit positions in European markets triggered by Brexit would find its way to NSE

Manonamission:


The downgrade was just announced. Meanwhile it happened long before now when the profit warnings hit the market. Same applies to Diamond, Skye. FCMB's will be announced shortly. Thank you.

Godisfaithful:



Sir, stocks performances goes beyond upgrade or downgrade. It had to do with the forces behind it when it comes to NSE! Don't be carried away by those downgrade or upgrade. Just use it as your own yardstick! Best of luck

nija4us:
Has the market not priced fbnh already by keeping it in N4 region? Cos I believe it should be trading above N6 if not for the heavy exposure to oils and gas sector. What do you think? Plz What s the news on zenith that calls for caution?

Manonamission:


I know you have positions in FCMB and Diamond. But not to worry, like I posted initially, the downgrade is not news to the market. That was why I mentioned that of FCMB being next in line. My point is, the audited result, the basis of the downgrade just announced is known to everyone. So it shouldn't come as a surprise to anyone. It is not breaking news.

Manonamission:


The downgrade was just announced. Meanwhile it happened long before now when the profit warnings hit the market. Same applies to Diamond, Skye. FCMB's will be announced shortly. Thank you.

Manonamission:
Is the NSE trying to stage a comeback?

NuttyChoky:


Possibly, the US guys will soon be joining us

Hayyee2002:
FIDSON ooo

Coolcash1:


Any Intel on this stock, thinking of adding it to my portfolio

Hayyee2002:
FIDSON ooo

Brexit will be terrible for Africa’s largest economies

Nigeria: bad timing

Britain’s exit from the EU couldn’t have come at a worst time for Nigeria, Africa’s largest economy. At a time when the government is trying to fix an economy on the brink of a recession by removing strict currency controls and also liberalizing oil prices, the immediate effect of Brexit will test the nerves of Nigeria’s economic managers as global markets plummet.

Bilateral trade between Nigeria and the UK, currently valued at £6 billion (about $8.3 billion) and projected to reach £20 billion by 2020, will be disrupted as trade agreements made under the auspices of the EU have to be renegotiated.

“For Nigeria, global risk aversion as well as a softer oil price is likely to mean that new portfolio inflows are slow to materialize,” says Khan. “This may delay the normal functioning of the newly liberalized FX market.”

Data from the National Bureau of Statistics shows that the UK was Nigeria’s largest source of foreign investment in 2015. A slowing British economy and its reverberating effects could signal a drop in investment, trade, and also remittances from the Nigerian diaspora who sent home $21 billion in 2015.

Reduced trade and investment from Britain will not necessarily be plugged by the rest of the EU, say Lagos-based economist Tunji Andrews. “The EU will be looking to strengthen it’s internal ties, plus there’s cheaper oil from Iran, cheaper labor from China and the eastern block. There’s really nothing we have as a competitive advantage to them right now.”

Brexit is already fueling other independence campaigns. Within hours of the vote, leaders in France and Holland, Italy and Denmark called for their own referendums on leaving the EU. This sentiment is shared in southeast Nigeria as well, where government forces have spent much of the past year quelling violent protests by activists advocating for the secession and establishment of an independent country called Biafra. Having already called for a referendum earlier in the year, pro-Biafra activists may now be further emboldened.

http://qz.com/715710/brexit-could-be-terrible-for-africas-largest-economies/

Primetech:
What Cylinder is Transcorp running on??

angelo82:
We are so much addicted to financial stocks and the volatility is much on banking stocks especially.But try to look into other sectors and you will be amazed how much you can gain weekly.Just entered one health care stock on Monday and am out today with 30%.

angelo82:
We are so much addicted to financial stocks and the volatility is much on banking stocks especially.But try to look into other sectors and you will be amazed how much you can gain weekly.Just entered one health care stock on Monday and am out today with 30%.