https://www.thisdaylive.com/index.php/2017/02/27/cbn-assures-nigerians-investors-of-exchange-rate-stability/


May God forgive those that are hoarding US DOLLARS and praying for our Naira to Depreciates ...

ukay2:
https://www.thisdaylive.com/index.php/2017/02/27/cbn-assures-nigerians-investors-of-exchange-rate-stability/


May God forgive those that are hoarding US DOLLARS and praying for our Naira to Depreciates ...

whenever dollar/naira stabilize for three month in a stretch I will start buying in tranches.
This forum has given me enough wealth seeds to become wealthy.
It will be sheer 'stiupeidiity' for me not to have a VISION.
I will also target Dollar transition during 2019 run up to elections.
Planning far ahead and modifying your plan as time changes is the golden key.

NB: I AM A PATRIOTIC NIGERIAN....

http://thenationonlineng.net/south-africas-liberty-buy-75-stake-unic-insurance/
hope arises for those stuck here

Liberty holdings, same talk since 2015.

Intendy:
http://thenationonlineng.net/south-africas-liberty-buy-75-stake-unic-insurance/

hope arises for those stuck here

PETERiCHY:


I have been following the BITCOIN trend since early 2014 now that it's trending for Nigerians watch it CRASH BELOW 70% before year end. cc:B2BR

The 2 safest investments for 2017 are the FIXED INCOME MARKET and GOLD.

Even USD is not far from peak, it will only consolidate on it previous gains.

*ThE OcToPuS*

A wave of political pressures may have forced the emergence of a new order in the nation’s foreign exchange market even as currency speculators abandon their positions with losses going up to N45 billion and more.

Inter-bank interest rates have also spiked to all time high with potent threat to other interest rates including lending.

Nigeria’s local currency, Naira, appreciated to a 14-week high of N455/USD1 yesterday in the parallel market segment of the currency market at the backdrop of a week old new foreign exchange market measures rolled out previous weekend by the Central Bank of Nigeria, CBN.

http://www.vanguardngr.com/2017/02/forex-speculators-abandon-positions-incur-n45bn-losses/

I stop hoarding USD the moment it crossed N480 now that it has crashed henceforth I will start hoarding again till it appreciate in order words if you get USD @subN400 grab it with both hands and feet,

Thank me later.

*ThE OcToPuS*

Zhirinovsky:
Nonsense Liberty holdings, same talk since 2015.

Lol

With N72 billion, 16 banks funded $220 million Central Bank of Nigeria (CBN) allocations under the Forex Forwards policy meant to stabilise the naira, it was learnt yesterday.

Banks are calling for bids from retail end-users in preparation for the business travel allowances, school fees and medical bills auction. The CBN is expected to from tomorrow begin releasing weekly forex cash (every Tuesday) to commercial and merchant banks to meet needs at retail end of the market.

The lenders are informing customers interested in buying Personal and Business Travel Allowances, and paying school fees and medical bills about requirements for getting forex.

A CBN Financial Markets Department report released yesterday showed that 10 banks, which could not be identified as at press time, with N54 billion funded $162 million Forex Forwards for 30-day tenor maturing March 27. The wholesale intervention rate was between N330 and N335 to the dollar.

Six banks, also unnamed, funded $58.52 million Forex Forwards for 60-day tenor, maturing April 25 with N18.6 billion. The wholesale intervention rate was between N315 and N320 to the dollar.

http://thenationonlineng.net/16-banks-fund-220m-n72b-forex-forwards/

PETERiCHY:



A wave of political pressures may have forced the emergence of a new order in the nation’s foreign exchange market even as currency speculators abandon their positions with losses going up to N45 billion and more.

Inter-bank interest rates have also spiked to all time high with potent threat to other interest rates including lending.

Nigeria’s local currency, Naira, appreciated to a 14-week high of N455/USD1 yesterday in the parallel market segment of the currency market at the backdrop of a week old new foreign exchange market measures rolled out previous weekend by the Central Bank of Nigeria, CBN.

http://www.vanguardngr.com/2017/02/forex-speculators-abandon-positions-incur-n45bn-losses/

I stop hoarding USD the moment it crossed N480 now that it has crashed henceforth I will start hoarding again till it appreciate in order words if you get USD @subN400 grab it with both hands and feet,

Thank me later.

*ThE OcToPuS*

You assured your followers that dollar was heading to #1000.
Why did you stop hoarding at #480

leo1234:


You assured your followers that dollar was heading to #1000.
Why did you stop hoarding at #480

ZENITH BANK PLC AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER, 2016 DEC. 2016 DEC. 2015 N'000'000 N'000'000 Revenue/Gross Earnings/Gross Premium: 507,997 432,535 Profit/(loss) before Tax: 156,748 125,616 Income tax expense (27,096) (19,953) Profit/(loss) for the year: 129,652 105,663 Earnings per share (k): 412 336 Proposed Dividend per share (N) 2.02 1.80 Proposed Dividend (N'million) 63,421 56,513 Closure Date: 13th March, 2017 Qualificatioin Date: 10th March, 2017 Date of payment: 23th March, 2017 Date of payment for GDR Holders: 3rd April, 2017

http://www.nse.com.ng/Financial_NewsDocs/16524_ZENITH_BANK_-_2016_AUDITED_ACCTS_FINANCIAL_STATEMENTS_FEBRUARY_2017.pdf

Interim dividend paid - 25 k
Final dividend per share proposed -177 k

Proposed dividend per share - 202 k

OBAGADAFFI:
Interim dividend paid - 25 k
Final dividend per share proposed -177 k

Proposed dividend per share - 202 k

Poor. 1.77 dividend when the inflation rate is 18.7... UCAP did better. that is about 11% return on dividend

Mpeace:
Poor. 1.77 dividend when the inflation rate is 18.7... UCAP did better.

Poor? with a yield of 11%? ucap's yield was just 13% when results came in. Besides this is better, albeit by 2k, than the traditional 1.75 from zenith.

Mpeace:
Poor. 1.77 dividend when the inflation rate is 18.7... UCAP did better. that is about 11% return on dividend

Have they paid such an amount before?If they refuse to pay you,will you sue them?We should learn how to appreciate little things then the giver will give more.How much did NB paid yet the share price is bubbling?

locodemy:


Have they paid such an amount before?If they refuse to pay you,will you sue them?We should learn how to appreciate little things then the giver will give more.How much did NB paid yet the share price is bubbling?

Last year they paid 1.55 when their share price was 12. Bros. hope this is not what FCMB plans on doing, because if they do same ehhhh... anyway I done already escape.

Mpeace:
Bros. hope this is not what FCMB plans on doing, because if they do same ehhhh... anyway I done already escape.

What did zenith do ooh..This dividend is still good na.

OBAGADAFFI:
Interim dividend paid - 25 k
Final dividend per share proposed -177 k

Proposed dividend per share - 202 k

ZENITH BANK PLC Closure of Register Year Ended 31 December 2016

Proposed Dividend N1.77 (Interim paid 25k)

Proposed Bonus Nil

Closure Date 13th March 2017

AGM Date 22nd March 2017

Payment Date 23rd March 2017

Mpeace:
Last year they paid 1.55 when their share price was 12. Bros. hope this is not what FCMB plans on doing, because if they do same ehhhh... anyway I done already escape.

Bros a div of 1.55 at N12 is roughly 12.9% yield. A div of 1.77 at N15 is roughly 11.9%. So what exactly are you on about?

Mpeace:
Poor. 1.77 dividend when the inflation rate is 18.7... UCAP did better. that is about 11% return on dividend

Oga, Zenith isn't the cause of our Inflation.

This is even higher than i expected.

Sincerely, Zenith did well considering the present economic situations especially as it affect banks generally.

Intendy:



ZENITH BANK PLC Closure of Register Year Ended 31 December 2016

Proposed Dividend N1.77 (Interim paid 25k)

Proposed Bonus Nil

Closure Date 13th March 2017

AGM Date 22nd March 2017

Payment Date 23rd March 2017

When did they Zenith pay((Interim 25k)?
Kindly clarify.

OBAGADAFFI:



When did they Zenith pay((Interim 25k)?
Kindly clarify.

August 2016

Mpeace:
Last year they paid 1.55 when their share price was 12. Bros. hope this is not what FCMB plans on doing, because if they do same ehhhh... anyway I done already escape.

Tell me the truith.Were you able to offer your customers xmas hampers last year?Did you not make adjustment applying the present economic hardship in your business?Have you been faithful in your tithe payment ever since this downturn began?
Zenith bank in their history has not paid up to 2.00 dividend until now.Bros,why are behaving like this?I thought i am more greedy than every other person here.I dont know that the father of greedness is in our midst......you are like the servant who was given one talent and he buried it because his eyes was on the one who was given 5 talents.
I f your plan is to drive the stock backwards,i tell you,you will not succeed and if zenith shares fail to respond to this result and dividend,then your portfolio is in trouble because those ones you have may not do up to zenith.
I only need 15 kobo from fcmb.I dont want my bank to go bankrupt.Pls stop it.

OBAGADAFFI:


When did they Zenith pay((Interim 25k)? Kindly clarify.

it was in August 2016.payment was on 23rd August 2016 if I can recollect

@intendy.

With the dividend history why is zenith offer keep multiplying?

Intendy:


it was in August 2016.payment was on 23rd August 2016 if I can recollect

ukay2:


August 2016

I will have to contact the registrars
Thank

Tritri:
@intendy.

With the dividend history why is zenith offer keep multiplying?

You noticed. Broke N15 early , but the sellers came in strong and filled all d bids & pushed back below
looks like a slight dividend trap ! But let's see if buyers turn up before closing

44m traded !

fxuser:


You noticed. Broke N15 early , but the sellers came in strong and filled all d bids & pushed back below
looks like a slight dividend trap ! But let's see if buyers turn up before closing

44m traded !

Exactly..I think it will go down more.before rise up.