Stock Market Tips For Nigerians

hello fellow NIGERIAN,
this is brilliant chance to invest in Global Stocks Market.
because we cannot regret in investing

To rent the former event place alone costs nearly half a million naira,not to talk of the other associated costs,so even if it's once a year,it's working positively and that's it


They really don't need elaborate explanation as other than change in venue and lesser crowd now,they still have great fun on their days,na my house and na me dey make the rules plus they know how much daddy loves them and that daddy will do everything possible to make them comfortable
End of !!!!!!!!!

asking for a game plan with your broker is the same as asking your barber if you need a haircut.
a broker is a salesman. just focus on conducting your own analysis on companies if you cant afford an expensive security analyst.

simply spending time by learning how to analyze financial systems would be the first step

Eight months after, cartel thwarts N1trn petroleum subsidy probe

Powerful interest groups and the cartel that had dominated the importation of refined petroleum products may have thwarted the bid to probe the rot that characterised the subsidy era at the ministry of petroleum resources and the Nigerian National Petroleum Corporation (NNPC).  “That probe will not see the light of the day because very top and influential Nigerians are involved in the mess,
Over one trillion naira was spent as subsidy in what the presidency described as subsidizing corruption. On announcing its intention to remove subsidy on petroleum products, the Federal Government had vowed to audit all transactions in the sector to bring about sanity and efficiency. It particularly vowed to look critically into the activities of the Petroleum Products Pricing Regulatory Agency (PPPRA) over fuel pump pricing in the country over the years. Top government officials and politicians who benefited from the bazaar are believed to have frustrated the planned probe of the sector. BusinessDay investigations revealed that seven months after the government promised to commence investigations into the monumental fraud nothing is on ground to suggest that the government is serious about the issue. “That probe will not see the light of the day because very top and influential Nigerians are involved in the mess. The powerful cartel that is involved has been frustrating the whole thing and as I am talking to you now, nothing is on the ground to indicate that the government is serious about the probe,” a cabinet minister who spoke on condition of anonymity said. However, a presidency source said the audit process had begun but has been bogged down by due process requirements. “I know there was a shortlist of international auditors and some local consultants and talks were on then there was issue of due process,” the source told BusinessDay. But Peter Esele, president of the Trade Union Congress (TUC), described the proposed audit as a charade. He said the probe may have been swept under the carpet because “there is so much fraud in the system.” “A lot of government officials that benefited from the bazaar would certainly not allow the probe to be carried out,” Esele said. “What is presently going on with the importation of petroleum products by the NNPC is another sad development. We have said we do not want subsidies in the country but what is happening there is nothing short of what was going on when the subsidies were on petroleum products,” the source stated further. As at today, it was gathered that NNPC is paying an average of $25,000 every day as demurrage on 33 ships loaded with petroleum products waiting to berth at the ports. Sources at the petroleum ministry told our correspondent over the weekend that instead of liberalising the sector as earlier promised by the government through licensing more importers of the product; the corporation has resorted to the massive importation when it did not have the capacity to store the products. “What I can tell you now is that people are benefiting from this huge importation. It is the old racketeering that is going on because nobody in his right senses would resort to massive importation of the product when it does not have the storage capacity to do so,” one of the sources said. The source that spoke on condition of anonymity said the “NNPC does not have the capacity that it is telling Nigeria that it has. So the right thing to be done under the present circumstance is to further liberalise the sector by licensing more importers”. All efforts to get comments from Livi Ajuonuma, group general manager, public affairs, NNPC, on Thursday and Friday proved abortive as he failed to take our correspondent’s calls on his mobile phone or respond to several text messages sent to him on the issue. However, on Friday when our reporter was able to get through his line, a male who eventually answered the call told our correspondent that the NNPC spokesman would get back to the journalist but as at the time of filing this report, BusinessDay was yet to get his response on the controversial issue. It would be recalled that the Federal Government through Olusegun Adeniyi, special adviser to President Yar’Adua on media and publicity, in March 2009 told State House correspondents that those indicted in the monumental fraud that characterised the sector over the years would be brought to book. “There will be serious audit in the sector especially with regards to Petroleum Products Pricing Regulatory Agency (PPPRA) and some of these agencies. But I assure you that those issues will be looked at. They are actually being looked at because we just had a meeting now with the finance and petroleum ministers and those are some of the issues we talked about. There is going to be a process of auditing to find out how we arrived at the template they are using now to come up with the fuel price. “If people are indicted they will pay for the consequences of their actions, that I can assure because the president is determined to see this process through because we cannot continue under the current arrangement. “As the minister of finance said last week, we have been subsiding corruption, inefficiency and fraud in the sector and those are the things we are tackling. Because even the template of PPPRA, I mean there are issues there that are being resolve by government and labour,” Adeniyi said. Also Rilwanu Lukman, minister of petroleum resources, while announcing the deregulation of the sector told State House correspondents that “there will be no cartel because we intend to give licence to anybody who is competent to import products. A question of cartel will not arise because there will be no chance for anybody to form a cartel. “If we allow free importation of products and allow people to sell at going market price, there will be no cartel,” he said stressing that the deregulation will ensure “full competition in the market place”. “There are certain elements within the marketing fraternity who would prefer the situation we are in to continue. Definitely some of them are making a lot of money and if there is free importation of products and free movement of price, they will be making profits but the kind of huge profits they are making now will no longer be there. It will be normal profit that anybody in the business will be expected to make. Right now they are making abnormal profits. Therefore they will prefer the situation to remain like this,” he lamented.

http://www.businessdayonline.com/index.php?option=com_content&view=article&id=6366:eight-months-after-cartel-thwarts-n1trn-petroleum-subsidy-probe-&catid=1:latest-news&Itemid=18

We are in one corner flexing muscle, probing what angle to attack the market from.     

Peter Ololo must have been laughing at the so called stocks specialist especially Abayomi Obabolujo ( the self-styled guru) while sipping white wine and puffing cuban Cigar  behind his 'trading desk' during the boom; my fear is the advent of another Peter Ololo.

Anyway, just like the ponzy scheme era, some will definitely go down with the ship when the next (coming) boom cycle is over as it is a fool's market.

Just like many others who were taken aback; we won some and we lost some in the SM but it sure guarantees the highest investment returns of all times; we have potential winners and losers on this thread as we await the next boom mid/late next year; only time will differentiate us all.

Good Luck!