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Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 2:05pm On Jul 04, 2015 |
Dangote is only speaking for himself............He makes no sense..........He is one of the few benefiting from subsidy handout..............I just want the old man to start doing something or else the 84 scenario will repeat itself............... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:31pm On Jul 04, 2015 |
thorland: Dangote should point out how many Nigerians are benefiting from the subsidy? The subsidy is a scam and only meant for the oil and gas cabal. It is high time will view things and stand for the truth. Saying Dollar will be exchange for 500 Naira is just a bogus anticipation of creating fear for the new government. Anyway, Let's see what the president we do. The fact that majority of Nigerians support the need to remove the oil subsidy and use the fund for something productive...Anyway, we are waiting to hear from the President 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:47pm On Jul 04, 2015 |
@ myjoy, from my own understanding. Dangote was not siding the government rather he was trying to caution them on the need to block all the loopholes and make subsidy payment more beneficial to downtrodden masses. It is the duty of the government to pay the subsidy & monitor to see that subsidy is judiciously used. I am not for or against Dangote or our corrupt government but policy that will benefit me as a citizen. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:53pm On Jul 04, 2015 |
angrybull: Absolutely right sir. As u said, irrespective of which decision the government take, i just want to see that Nigerians benefiting most not the few and selfish class of people. |
Re: Nigerian Stock Exchange Market Pick Alerts by stockbull(m): 3:34pm On Jul 04, 2015 |
Justcul:uac-prop @9 ,fbnh @6.50 ,skye bank @1.90 ! You will get them at the prices! 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:43pm On Jul 04, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by Phlaser(m): 5:12pm On Jul 04, 2015 |
Thank goodness... I'm making money while I sleep. Care to join me in the world of MAPs where money never sleep, then chat me up on whatsapp via 08068677508. Financial Freedom Activated........ #OnlyIfYouCanPertake |
Re: Nigerian Stock Exchange Market Pick Alerts by manie(m): 5:50pm On Jul 04, 2015 |
Phlaser: You are on wrong thread, this will not fly here. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Yem0350: 6:06pm On Jul 04, 2015 |
Phlaser: Try and locate urself. Ure lost here. Find ur level. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 6:43pm On Jul 04, 2015 |
Someone should please explain EPS very well for me. Am seeing Oando EPS in -ve. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Funpeter: 7:22pm On Jul 04, 2015 |
manie:boss have been a follower of you right from the teaching job. honestly most your post have been inspiring nd educative. am follow you bumper too bumper also looking to share a better testimony than this in the nearest future. you can as well take me as one of your apprentice. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 7:51pm On Jul 04, 2015 |
manie: |
Re: Nigerian Stock Exchange Market Pick Alerts by cruzclinton1(m): 12:20am On Jul 05, 2015 |
Pls help me out .I don't know any thing about this stock market,believe is what I refer as shares. My problem is that my dad has shares in different oil company like Oando, conoil and others but he does not have a stock broker and don't follow his dividends. He don't receive any dividends. Maybe coz of the postal address he use. Now he is late and I want to go about all his share so it will stop wasting. I have al the share certificate.........pls I need advice |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 1:34am On Jul 05, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by NextProdigy(m): 3:54am On Jul 05, 2015 |
stockbull: All this English to answer if a stock is fundamentally sound or not? There is fire on the mountain! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 6:37am On Jul 05, 2015 |
NextProdigy: Smh! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 10:34am On Jul 05, 2015 |
Primetech where art thou? You are our costain recommender in-chief. If you're not out to mislead, present your costain case now. stockbull: |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 10:56am On Jul 05, 2015 |
Any of the bnsitl who knows where dexterax is? Or is he among those that absconded from Nigeria for fear of post election violence? I can remember vividly his obsession for okomu oil before d preelection mkt crash. The mkt really has a mind of its own. Or has he lost confidence on the NSE? Who knows! That dude really spoke like he was invincible. If any of my fears about him is true, then Little wonder its said that tough times never last but tough people do! Cos despite prevailing MKT conditions there r still winners. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:12am On Jul 05, 2015 |
stokfrick: He a politician. He's now a senator. NSEPA is the least of his worries. |
Re: Nigerian Stock Exchange Market Pick Alerts by Youngzedd(m): 11:40am On Jul 05, 2015 |
stockbull: Sir... ... I can't see the prices clearly Fall from mango tree. |
Re: Nigerian Stock Exchange Market Pick Alerts by ogbs2020love: 12:09pm On Jul 05, 2015 |
ogoo4real: l read an article online and in the article it said that u should never sell your unilever stock. permit me to add NB as well. let's suggest others. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 2:32pm On Jul 05, 2015 |
stokfrick:He features regularly on radio and has a weekly column on nairametrics.com |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 7:34pm On Jul 05, 2015 |
Base on d economic stance of naija,wat do we expect from d market? Is it time to run away, i d fear 2008 oo |
Re: Nigerian Stock Exchange Market Pick Alerts by Yem0350: 8:48pm On Jul 05, 2015 |
cruzclinton1:Get a reliable stock broker who will explain to you what you will do |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:28pm On Jul 05, 2015 |
For stockbul to put those price limits, there is fire on the mountain. ' oku no n'agbada.' 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 10:00pm On Jul 05, 2015 |
Hello people. Another week of permutation on the way. Beware of analysis paralysis. Cheers. |
Re: Nigerian Stock Exchange Market Pick Alerts by Dexterax(m): 10:33pm On Jul 05, 2015 |
stokfrick: Dexterax finally attained GOD status, contrary to your fears, banal statements and clichés. Unfortunately. He now runs a very long, short term hedge fund in Lagos, makes cheese from the ensuing management fees and like passwelle typed, runs a radio show on Smooth-FM 98.1 every Thursday with UgoDre of Nairametrics and also runs a weekly column on www.nairametrics.com. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by cruzclinton1(m): 11:20pm On Jul 05, 2015 |
Yem0350:. Dear I don't know any stock broker,am residing at aba abia state. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 11:45pm On Jul 05, 2015 |
Dexterax:yeeee pa, Dexter comes out of hiding. despite all those schedules you should give your bnsitl a little of your time, welcome 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 3:06am On Jul 06, 2015 |
Investors see growing risks in devaluation delay July 3, 2015 | Filed under: Investor | Author: Editor International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy. The afterglow from March, when Goodluck Jonathan handed over power after what was seen as Nigeria’s freest ever election, is dissipating as new leader Muhammadu Buhari shows little sign of following up on promises of economic reform. Markets have moved sharply in the past week in particular after the central bank announced curbs on dollar funding for investors, as well as for importers of goods ranging from toothpicks to private jets. The move, meant to conserve foreign exchange, has dashed widely held expectations of a naira devaluation – the central reform that investors had been banking on. Since then 10-year bond yields have jumped 1 percentage point to almost 15 percent, stocks have fallen and the naira’s value is plunging in the parallel market, down about 7 percent from early June levels. A devaluation to restore the economy to competitiveness is a matter of time, fund managers still believe. In the meantime, they are unlikely to bring back cash they pulled out before the election. “It will take a combination of weaker currency and higher interest rates to get us back to Nigeria,” said Kieran Curtis, a bond fund manager at Standard Life Investments. “When we compare Nigeria to other oil exporters it hasn’t had enough of a currency adjustment.” With oil exports providing 70 percent of budget revenues, Nigeria can certainly use a cheaper currency. Most had reckoned on a 10-15 percent devaluation at least and some such as Curtis estimate a 20-25 percent move is probably needed. The naira fell 20 percent in the year to February. Even so its real exchange rate, against currencies of trade partners and adjusted for inflation, is up than 50 percent in the past decade. In real terms, currencies of oil-exporting peers Russia and Colombia are 5 and 17 percent respectively below long-term averages. African oil producer Angola also recently devalued its kwanza, which is down 15 percent to the dollar this year And the price for supporting the naira is high – the central bank has spent at least $3.4 billion since fixing the exchange rate in February and reserves have fallen below $30 billion for the first time since 2005. http:link.reuters.com/huf76v Devaluation expectations continue to mount. Non-deliverable forwards, derivatives used to hedge against future exchange rate moves, reflect expectations of currency weakening: six-month NDFs price the naira at 225 per dollar, while a week ago the forward price was around 215. “To me, (central bank measures) are doing more harm than good: you are putting off the inevitable and the reaction you are seeing on rates markets and the NDF shows that,” said Kevin Daly, a fund manager at Aberdeen Asset Management. “Effectively the bond market is starting to price in a much wider move on the currency.” INEVITABLE Curbing access to dollars may briefly stabilise reserves and constrict imports but pent-up demand for hard currency will eventually weaken the exchange rate and drains central bank coffers. It may also stoke inflation if importers are forced to pay more for dollars. The naira trades at 230 per dollar in the black market, some 14 percent below the official rate. With oil revenues down and borrowing costs rising, the 2015 budget is already 3.2 percent smaller than last year’s. By early May, the government had already exhausted half its borrowing allowance for the year. Ten-year yields at almost 15 percent, 250 basis points above post-election lows, will raise borrowing costs for the government and the private sector. “Ultimately (devaluation) will become more of a fiscal necessity than an external necessity. The longer they will take to do the adjustment, the bigger the adjustment would have to be,” said Antoon de Klerk, portfolio manager at Investec’s African Fixed Income Fund. And crucially for investment flows, Nigeria’s place in the GBI-EM local currency debt index looks increasingly precarious. JPMorgan warned in June it could eject Nigeria from its benchmark index by year-end unless it restores liquidity to currency markets in a way that allowed foreign investors to transact with minimal hurdles. Nigeria has a 1.8 percent share in the $220 billion index, suggesting $4 billion in inflows, Morgan Stanley estimates, a major offset to its current account deficit. “Were Nigeria to be removed from the index as a result of the dry-up in liquidity as forewarned by the index provider, upside risks to our naira forecast of 200-205 (per dollar) over the next 12 months could crystallise immediately, especially if one considers that its (annual) current account deficit could be up to … $10 billion,” Morgan Stanley said. REUTERS 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dragonking: 9:04am On Jul 06, 2015 |
Bokoharri well done. Dollar selling for 232 naira |
Re: Nigerian Stock Exchange Market Pick Alerts by medkingz(m): 9:15am On Jul 06, 2015 |
what are the rules of engagement? |
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