By Ihedioranma: Sanusi plans to devalue naira as our external reserve falls and he cannot afford to wedge naira with it anymore. He also plans to increase rate of public funds. What will be the effect? Interest happens, institutional investors wains with less risk. IF that happens i think we the investors will gain from it, is only if ur stock what #100,000 it will be #10,000 bout the number of ur stock will there thats what i think.

Sanusi is not devaluing the naira for now. He is rather defending the naira at current rate. He has instead elected to increase CRR to 50% meaning banks must deposit 50% of govt funds in their vaults with the CBN. It is the banks that will be hit by this but trust the Nigerian banks, they have resistance. They will devise a way to wriggle out it. Presently bank shares are losing but they will all bounce bank in no time.

Why not try chappellhill and deham securities.

9free:
Buying both at the moment. My brother, you no see wetin other Oil marketing coys dey do? Sentimentally speaking, Oando will join that trend soon and e be like sey e don start sef.
E dey pain me now sey I no get aggressively fast broker like Oga Elai own......

Elai147:

You don't need to open another account. Give your Clearing House Number (CHN) to the new stockbroker and tell them you wish to maintain the same CHN so that they don't open a new one for you. If you do this, you will have two stockbrokers but one CHN. This way, you are able to view and monitor both stockbroking accounts with one CSCS online subscription. You can also move your stocks from your current stockbroker to a new one but this process is not easy and takes some time. Except you do not trust your current broker, I will advise you not to bother transferring your stock. You can have more than one stockbrokers but just make sure you maintain one CHN number so that you can monitor all stockbroking accounts in one go.

Thank you very much broda.

Market is RED today...may we not continue to see this red any longer!

Ess: Market is RED today...may we not continue to see this red any longer!

If I no get Oando alert today, I go just put my purchase mandate on hold while I wait for Diamond Bank and UBA at sub N5.00
Time for cherry picking again don show.

9free:
Buying both at the moment. My brother, you no see wetin other Oil marketing coys dey do? Sentimentally speaking, Oando will join that trend soon and e be like sey e don start sef.
E dey pain me now sey I no get aggressively fast broker like Oga Elai own......

Especially that Forte Oil...Looks like they are back to profitability. I am watching it very closely...

CBN Monetary Policy.

From what I garthered from Daily Trust 23/07/13, Central Bank Monetary Committee headed by the Governor, Sanusi, expressed satisfaction with the current state of the economy, having noted amongst others, increase in the country's foreign reserve.

In conclusion, it decided to maintain the nation's tight monetary policy. O pari.

Blood on the floor. Pieces and flesh of companies stocks littering everywhere. Is this the end for our dear NSE?

jposuagwu:

Sanusi is not devaluing the naira for now. He is rather defending the naira at current rate. He has instead elected to increase CRR to 50% meaning banks must deposit 50% of govt funds in their vaults with the CBN. It is the banks that will be hit by this but trust the Nigerian banks, they have resistance. They will devise a way to wriggle out it. Presently bank shares are losing but they will all bounce bank in no time.

hmmmn,i have a feeling FBNH will be seriously hit, little wonder the banks have steadily been on a price decline in the last few days. Well, maybe its time to mop up more bank shares??Now, what explains the sudden race wey oil companies dey run dis past few days?
By and large this current run has shown me the reason why one should have a well balanced portfolio.

valacious: Blood on the floor. Pieces and flesh of companies stocks littering everywhere. Is this the end for our dear NSE?

It is rather an opportunity for long term investors to add more units to their long term stocks and start reaping fat dividends and bonuses every year.

RichYoungRuler:

hmmmn,i have a feeling FBNH will be seriously hit, little wonder the banks have steadily been on a price decline in the last few days. Well, maybe its time to mop up more bank shares??Now, what explains the sudden race wey oil companies dey run dis past few days?
By and large this current run has shown me the reason why one should have a well balanced portfolio.

After the downturn of 2008, banking sector is the only sector that is recovering at a very slow rate. The reason for this is not very clear to me. Inasmuch as this may be the right time for those who have money to buy from this sector, one should trade with caution. To reduce risk, I have decided to venture this sector by adding to my holdings in very sound banking stocks ONLY. I am not ready to make silly mistakes of the past.

You are correct that one should always have a balanced portfolio. The skyrocketing nature of the oil sector baffled me. We are still waiting for the passage of the Petroleum Industry Bill (PIB) into law by the senate which I thought may cause early threat in this sector but the reverse is now the case. My regret is that I only have a very thin holdings in this sector which I have to increase.

The bears have come to kill, steal and destroy.

Elai147:

After the downturn of 2008, banking sector is the only sector that is recovering at a very slow rate. The reason for this is not very clear to me. Inasmuch as this may be the right time for those who have money to buy from this sector, one should trade with caution. To reduce risk, I have decided to venture this sector by adding to my holdings in very sound banking stocks ONLY. I am not ready to make silly mistakes of the past.

You are correct that one should always have a balanced portfolio. The skyrocketing nature of the oil sector baffled me. We are still waiting for the passage of the Petroleum Industry Bill (PIB) into law by the senate which I thought may cause early threat in this sector but the reverse is now the case. My regret is that I only have a very thin holdings in this sector which I have to increase.

And that increase will come from Oando cos others don fly-away!

question: The bears have come to kill, steal and destroy.

You funny ooooohhhh.....

9free:
If I no get Oando alert today, I go just put my purchase mandate on hold while I wait for Diamond Bank and UBA at sub N5.00
Time for cherry picking again don show.

BUSINESS MAN I CANT BUY ANY OF THEM AT THAT YOUR PRICE IT NEED TO COME BACK WELL WELL IF THEY NEED MY HELP.

ihedioramma: BUSINESS MAN I CANT BUY ANY OF THEM AT THAT YOUR PRICE IT NEED TO COME BACK WELL WELL IF THEY NEED MY HELP.

Chief.. Na wa for you o.

And funny enough, towards the latter end of trading day, things began to normalise. NSE-defies logic!

question:
Chief.. Na wa for you o.

I NO BE CHIEF O, NA BROTHER ME I BE .NA THE KOKO BE THAT O .

9free:
And that increase will come from Oando cos others don fly-away!

Plus Fort Oil. What goes up must surely come down... Abi no be so dem talk am? I go wait for Fort Oil to fall back

Where our in-house NL-NSE reporters dey?
I hear say results wey concern my portfolio don the comot for NSE floor.
Oga B2bR, Mercilycious, Elai, Ihem....where our results dey
Make una no forget to bring NEM, DIAMOND, FCMB, OANDO, DANG SUGAR, JAPUAL and ETI before others...
One love

THANK'S 9FREE ONE LOVE. BOUT YOU KNOW WANT TO SELL YOUR GTB MAKE EFOLLOW COME DOWN

abeg i bot 7000 unit of honyflour inapril dis yr. I heard dey av declared 16k dividend. Am r qualified 2 partake in dis dividend?

jp130: abeg i bot 7000 unit of honyflour inapril dis yr. I heard dey av declared 16k dividend. Am r qualified 2 partake in dis dividend?

yes

bt my problm is i bot it bhind d declaring date n again, plz hw does 1 access bonus n dividend in d secondary market? Plz giv me detail ansa abeg. I need help tru ur replies

jposuagwu:

Sanusi is not devaluing the naira for now. He is rather defending the naira at current rate. He has instead elected to increase CRR to 50% meaning banks must deposit 50% of govt funds in their vaults with the CBN. It is the banks that will be hit by this but trust the Nigerian banks, they have resistance. They will devise a way to wriggle out it. Presently bank shares are losing but they will all bounce bank in no time.

What does this mean for the interest rate environment? Does this mean loans will get more costlier? will rate on deposits increase?

[quote author=saanil]

What does this mean for the interest rate environment? Does this mean loans will get more costlier? will rate on deposits increase?

Bolded = YES
Coloured = NO

jp130: bt my problm is i bot it bhind d declaring date n again, plz hw does 1 access bonus n dividend in d secondary market? Plz giv me detail ansa abeg. I need help tru ur replies

Contact the registrar of the company you have shares with. for dividend fill E- dividend form to get your dividend credited to your bank account

FINMGR: Contact the registrar of the company you have shares with. for dividend fill E- dividend form to get your dividend credited to your bank account

I 'm yet to fill and submit mine. Pls is it late to get my uba edividend this year?

veeco vee: I 'm yet to fill and submit mine. Pls is it late to get my uba edividend this year?

hi,Your dividend would be waiting for you till you go and claim it.

I hope the monies for printing and posting of dividend warrants and certificates will be given to shareholders though. At all at all na im bad,abi?

I have not been seeing b2br's posts of late. Guy r u on vacatn? There r some hot news wey b2br dey bring 4 us, but now, I dey hear am days later frm proshare.

mercylicious: I have not been seeing b2br's posts of late. Guy r u on vacatn? There r some hot news wey b2br dey bring 4 us, but now, I dey hear am days later frm proshare.

Abeg, you fit refresh our memory?