It seems we have many pastors here given hope to the congregation as usual.


The ship is really sinking............

it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

SWG1:


Omo if that's the bear that entered NSE then na Oct tins ooo.

Cos that bear looks devious and mischievous.

And sadly many people today are trapped exactly like the idiot bull wey carry 'im head dash the bear so.

When I logged on and saw 8unread pages, I knew some news must have dropped.
So na so transcorp result be?
Chai chai,there is God ooo.

PETERiCHY:
it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

Self acclaimed prophet of Dubai or na doom. But bros u no tell us when u sold ur Noah's ark na

Does fo pay interim div?

PETERiCHY:
it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

You are too blunt,i like that!
All what u have written are currently right,period.

Manonamission:

Try Meristem stockbrokers, 124 Norman William, South West Ikoyi, Lagos. Tel : +234-1- 2717350 meritrade@meristemng.com
google meritrade .......

Thank you. I will keep you posted.

Read
http://www.vanguardngr.com/2015/07/nigeria-cant-avoid-devaluation-sp/

pythondjango:
Read
http://www.vanguardngr.com/2015/07/nigeria-cant-avoid-devaluation-sp/

You can read these as well Sir...

http://www.vanguardngr.com/2015/07/we-wont-bow-to-pressure-to-further-devalue-naira-cbn/

myjoy08:


You can read these as well Sir...

http://www.vanguardngr.com/2015/07/we-wont-bow-to-pressure-to-further-devalue-naira-cbn/

Anyone that believes what the CBN is saying can virtually believe anything. What do we expect him to say, of course they have to make Nigerians believe that they are doing their work.

I dnt know how long we can continue to prop up a currency that is a product of an economy that is structurally weak. The spread between the official market and the parallel market is over 20% (a perfect environment for round tripping) and we are still trying to prop up the Naira, using our already scarce foreign reserves.This defense of the currency by the CBN looks more like an Ego trip than any clear-cut policy.

In as much as I do not support devaluation because it has not really helped the nation in the past and I do not see any advantages for its implementation at this time, our economy is stuck between a rock and a hard place and sometimes somethings have to give for other things to fall in place.

The CBN is living in illusion if they think all is alright. If Emeifiele knows he is sure of what he is doing/saying let's just float the currency and let the markets(demand/supply) dictate what the real value should be.

[quote author=FranklinRich post=35913083]

Anyone that believes what the CBN is saying can virtually believe anything. What do we expect him to say, of course they have to make Nigerians believe that they are doing their work.

I dnt know how long we can continue to prop up a currency that is a product of an economy that is structurally weak. The spread between the official market and the parallel market is over 20% (a perfect environment for round tripping) and we are still trying to prop up the Naira, using our already scarce foreign reserves.This defense of the currency by the CBN looks more like an Ego trip than any clear-cut policy.

In as much as I do not support devaluation because it has not really helped the nation in the past and I do not see any advantages for its implementation at this time, our economy is stuck between a rock and a hard place and sometimes somethings have to give for other things to fall in place.

The CBN is living in illusion if they think all is alright. If Emeifiele knows he is sure of what he is doing/saying let's just float the currency and let the markets(demand/supply) dictate what the real value should be.








Llets see how far CBN will go .. if they re able to defend the naira that will be good , if not time will tell

I believe there is political interference in this naira defence project because someone said he will par the 'rubble' with the USD post May 29. For the market, we might be witnessing a hostile bear consolidation.

Hehehe.
Welcome to a b day.
B stands for either bullulish or bearish.

mercylicious:
Hehehe.
Welcome to a b day.
B stands for either bullulish or bearish.

Your alert is now "a little to the left and a little to the right", eh?. Don't allow me to call you sister Maradona o.

Let the bullish season begin.

It looks like I'm trapped in VITAFOAM, I can't bail out. I feel like taking out my cash with the small profit and wait till the market bounces back.

Please bsitl I need your advice.

Comsol:
It looks like I'm trapped in VITAFORM, I can't bail out. I feel like taking out my cash with the small profit and wait till the market bounces back.

Please bsitl I need your advice.

Trapped ke?

Be the first to place a trade by 9:30 at 5% less the previous day selling price. That way, ur sale order gets executed b4 any other person's order.
Fastest fingers . note 9:30am.

straffing:
I believe there is political interference in this naira defence project because someone said he will par the 'rubble' with the USD post May 29. For the market, we might be witnessing a hostile bear consolidation.

Which kain username be this? Staffing, ukwuamu, bigass...

mercylicious:

Trapped ke?

Be the first to place a trade by 9:30 at 5% less the previous day selling price. That way, ur sale order gets executed b4 any other person's order.
Fastest fingers . note 9:30am.

Thank you madam for that insight. I'll give that a try.

@pythondjango,its clear that as a patriotic citizen you wouldn't want ur currency lose value by rounds of devaluations exercise but the truth must be litted for all to see,and which is,when you as a country is structurally weak,fundamentally unsustainable, and has less to offer d intl market in terms of what to import to d rest of world aside oil and gas,infact which is refined outside d country. so ur economy cum currency value will suffer seriously and there is no need for "ego-playing" amidst our monetary and economic policy makers.I made bold to say that nigerian CBN governor is so demented for being so pretensive and ego playing in when there is a need for right thing to be done.Emefoolish is known to be ideally dumb and creative thinking dunce, while thinking that his doing connotes "good job done by his relunctance to swerve to right step taking" no apology for saying.I think this emefoolish should be relieved of his job because he would remain d nuisance and dumb egg oozes poisson to this nation's economic value in this buhari administration.

mercylicious:

Trapped ke?

Be the first to place a trade by 9:30 at 5% less the previous day selling price. That way, ur sale order gets executed b4 any other person's order.
Fastest fingers . note 9:30am.

Gudmorng sister mercylicious, pls i wrote to you,pls check ur pm and reply me too.

pythondjango:
Gudmorng sister mercylicious, pls i wrote to you,pls check ur pm and reply me too.

Bros, this one wey you dey write sister mercylicious lately, I hope it's not what we're thinking sha

FranklinRich:


Anyone that believes what the CBN is saying can virtually believe anything. What do we expect him to say, of course they have to make Nigerians believe that they are doing their work.

I dnt know how long we can continue to prop up a currency that is a product of an economy that is structurally weak. The spread between the official market and the parallel market is over 20% (a perfect environment for round tripping) and we are still trying to prop up the Naira, using our already scarce foreign reserves.This defense of the currency by the CBN looks more like an Ego trip than any clear-cut policy.

In as much as I do not support devaluation because it has not really helped the nation in the past and I do not see any advantages for its implementation at this time, our economy is stuck between a rock and a hard place and sometimes somethings have to give for other things to fall in place.

The CBN is living in illusion if they think all is alright. If Emeifiele knows he is sure of what he is doing/saying let's just float the currency and let the markets(demand/supply) dictate what the real value should be.

By the time naira hit #400 in d parallel market then i know d "ego don" would have been shamed and that will give him no shell to hide his shame then he may do d needful.By that time d market would have been reduced to naught.

9free:

Bros, this one wey you dey write sister mercylicious lately, I hope it's not what we're thinking sha

what were you thinking since time immemorial, let me know.As far as i am concerned mercy is matured enough to be my sister,so ur "guess thought of ......" dislodged. Really i will need someone who has her quality though maybe in d new baby i saw calling herself "......queen" just some few days ago here.I like sweet babes with wonderful nomenclature.

pythondjango:
what were you thinking since time immemorial, let me know.As far as i am concerned mercy is matured enough to be my sister,so ur "guess thought of ......" dislodged. Really i will need someone who has her quality though maybe in d new baby i saw calling herself "......queen" just some few days ago here.I like sweet babes with wonderful nomenclature.

Sister Mercy should just be careful with guys that write too long and speak too much grammar. Guys with many grammar no dey like to pay bills

myjoy08:


Sister Mercy should just be careful with guys that write too long and speak too much grammar. Guys with many grammar no dey like to pay bills

Mercylicious doesn't need a man to pay bills because she is not those gold diggers.so such babes like mercy are the ones i termed "complete sweet babes" and this type need a responsible and sensitive guy like me.Myjoy08 i am not a guy that will be strictu sensu to d dictate of any babe because i know what my babe needs as per time,so no need for her to be dictating for me.

pythondjango:
@pythondjango,its clear that as a patriotic citizen you wouldn't want ur currency lose value by rounds of devaluations exercise but the truth must be litted for all to see,and which is,when you as a country is structurally weak,fundamentally unsustainable, and has less to offer d intl market in terms of what to import to d rest of world aside oil and gas,infact which is refined outside d country. so ur economy cum currency value will suffer seriously and there is no need for "ego-playing" amidst our monetary and economic policy makers.I made bold to say that nigerian CBN governor is so demented for being so pretensive and ego playing in when there is a need for right thing to be done.Emefoolish is known to be ideally dumb and creative thinking dunce, while thinking that his doing connotes "good job done by his relunctance to swerve to right step taking" no apology for saying.I think this emefoolish should be relieved of his job because he would remain d nuisance and dumb egg oozes poisson to this nation's economic value in this buhari administration.

SMH!

pythondjango:
@pythondjango,its clear that as a patriotic citizen you wouldn't want ur currency lose value by rounds of devaluations exercise but the truth must be litted for all to see,and which is,when you as a country is structurally weak,fundamentally unsustainable, and has less to offer d intl market in terms of what to import to d rest of world aside oil and gas,infact which is refined outside d country. so ur economy cum currency value will suffer seriously and there is no need for "ego-playing" amidst our monetary and economic policy makers.I made bold to say that nigerian CBN governor is so demented for being so pretensive and ego playing in when there is a need for right thing to be done.Emefoolish is known to be ideally dumb and creative thinking dunce, while thinking that his doing connotes "good job done by his relunctance to swerve to right step taking" no apology for saying.I think this emefoolish should be relieved of his job because he would remain d nuisance and dumb egg oozes poisson to this nation's economic value in this buhari administration.

Sir, don't be surprised that many people waiting for devaluation to happened will be disappointed. Just my opinion. Let's see how the drama unfold.