lancee:



People are still making some money ..NSE not dead yet

wrong sir , NSE can't die .

ihedioramma:
;Dwrong sir , NSE can't die .

AceJam:

AceJam:

i want to what all these teeth are for.

Hello BNSITL, pls I need some help here.

Can anybody list all the Morgan Capital charges for transactions (Account opening, annual, Buy and Sell etc)? I know someone posted this a while ago but cant seem to find it. Thanks for your help.

Tomorrow, Wednesday is the last trading day for this week. 4 more trading days left in year 2015(Wed, next week Tues, Wed & Thurs). What a year! Thank you God for 2015.

I remember the E-fights, name calling, mud slings, vicious attacks, false prophets, spammers, monkey hunters, liars, thread derailers, advertisers, empty portfolio holders, money bags, traders, investors, JIJO masters, grammar blowers/teachers, gamblers, jokers, noise makers, newbies, spirits, et al.

Have you ever wondered what actually happened when you don't see posts from some monikers again? I mean ever again. Well, there is no way to tell if anyone has passed away so my point is that we should all be thankful for life even if we didn't make profit this year. This is not to say that anyone who stopped posting died o .......but you never know. Some simply don't see the purpose of the thread or nairaland again.

If you no get.....never forget to say Baba I thank you and if you too get......never forget to say Baba I thank you. Thank you Jesus.

Regardless of the negative projections for 2016, some people will still make their first million, tens of million, hundreds of million and even billion. Thank you God for 2016.

#stocktaking#reflections#thanksgiving

Manonamission:
Tomorrow, Wednesday is the last trading day for this week. 4 more trading days left in year 2015(Wed, next week Tues, Wed & Thurs). What a year! Thank you God for 2015.

I remember the E-fights, name calling, mud slings, vicious attacks, false prophets, spammers, monkey hunters, liars, thread derailers, advertisers, empty portfolio holders, money bags, traders, investors, JIJO masters, grammar blowers/teachers, gamblers, jokers, noise makers, newbies, spirits, et al.

Have you ever wondered what actually happened when you don't see posts from some monikers again? I mean ever again. Well, there is no way to tell if anyone has passed away so my point is that we should all be thankful for life even if we didn't make profit this year. This is not to say that anyone who stopped posting died o .......but you never know. Some simply don't see the purpose of the thread or nairaland again.

If you no get.....never forget to say Baba I thank you and if you too get......never forget to say Baba I thank you. Thank you Jesus.

Regardless of the negative projections for 2016, some people will still make their first million, tens of million, hundreds of million and even billion. Thank you God for 2016.

#stocktaking#reflections#thanksgiving

well said

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Manonamission:
Tomorrow, Wednesday is the last trading day for this week. 4 more trading days left in year 2015(Wed, next week Tues, Wed & Thurs). What a year! Thank you God for 2015.

I remember the E-fights, name calling, mud slings, vicious attacks, false prophets, spammers, monkey hunters, liars, thread derailers, advertisers, empty portfolio holders, money bags, traders, investors, JIJO masters, grammar blowers/teachers, gamblers, jokers, noise makers, newbies, spirits, et al.

Have you ever wondered what actually happened when you don't see posts from some monikers again? I mean ever again. Well, there is no way to tell if anyone has passed away so my point is that we should all be thankful for life even if we didn't make profit this year. This is not to say that anyone who stopped posting died o .......but you never know. Some simply don't see the purpose of the thread or nairaland again.

If you no get.....never forget to say Baba I thank you and if you too get......never forget to say Baba I thank you. Thank you Jesus.

Regardless of the negative projections for 2016, some people will still make their first million, tens of million, hundreds of million and even billion. Thank you God for 2016.

#stocktaking#reflections#thanksgiving

The only trading holiday is the 25th of December..............There will be trading until Thursday 24th...........Source is nse website................

angelo82:


The only trading holiday is the 25th of December..............There will trading until Thursday 24th...........Source is nse website................

dont mind him.you are very correct.

angelo82:


The only trading holiday is the 25th of December..............There will be trading until Thursday 24th...........Source is nse website................

there wouldn't be trading also on Monday 28th December being a public holiday declared by the FG cause boxing day 26th is a saturday

angelo82:


The only trading holiday is the 25th of December..............There will be trading until Thursday 24th...........Source is nse website................

Happy trading then .......but you can keep refreshing your source sha. NSE has never opened for trading on a public holiday since I became active in the stock market.

(modified)
Don't mind them. The web administrator should update soon.

Seems government has declared 24th,25th and 28th as public holidays..................Lets see if NSE will amend their trading holidays tomorrow.......

angelo82:
Seems government has declared 24th,25th and 28th as public holidays..................Lets see if NSE will amend their trading holidays tomorrow.......

CONFIRMED
24th is a public holiday to mark Maulud Nabiy so no trading
http://thenationonlineng.net/yuletide-fg-declares-dec-24-25-28-public-holidays/

To all our BNSITLs', may the wonderful spirit of this holiday seasons be with us all and family. As we approach the year 2016, may the good God perfect everything that concerns for best and give us every reasons to be thankful and happy in the remaining of this year and the new year ahead. Let's remember this word below...

[quote author=Manonamission post=41248499]Tomorrow, Wednesday is the last trading day for this week. 4 more trading days left in year 2015(Wed, next week Tues, Wed & Thurs). What a year! Thank you God for 2015.

I remember the E-fights, name calling, mud slings, vicious attacks, false prophets, spammers, monkey hunters, liars, thread derailers, advertisers, empty portfolio holders, money bags, traders, investors, JIJO masters, grammar blowers/teachers, gamblers, jokers, noise makers, newbies, spirits, et al.

Have you ever wondered what actually happened when you don't see posts from some monikers again? I mean ever again. Well, there is no way to tell if anyone has passed away so my point is that we should all be thankful for life even if we didn't make profit this year. This is not to say that anyone who stopped posting died o .......but you never know. Some simply don't see the purpose of the thread you no get.....never forget to say Baba I thank you and if you . Are you telling me?

locodemy:

dont mind him.you are very correct.

there is no market on 24,25 and 28

myjoy084:
To all our BNSITLs', may the wonderful spirit of this holiday seasons be with us all and family. As we approach the year 2016, may the good God perfect everything that concerns for best and give us every reasons to be thankful and happy in the remaining of this year and the new year ahead. Let's remember this word below...

AMEN and all so you .

http://www.telegraph.co.uk/finance/12064450/UK-awash-with-oil-as-tankers-forced-to-turn-around.html

Record high temperatures in December have left the UK with the highest stocks of oil for five years as Europe-bound fuel tankers are forced into mid-Atlantic U-turns.

An unseasonably balmy period means the UK is on track for the warmest December in more than 100 years, and stocks of oil and gas are piling up as households turn down the heating.

Oil stocks in the UK have risen to almost 15m tonnes, which is 9pc above the same stage last year, according to the latest figures released by the Department for Energy and Climate Change.

http://www.bloomberg.com/news/articles/2015-12-22/extreme-oil-bears-bet-on-25-20-and-even-15-a-barrel-in-2016

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices.

The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return to the market and the resilience of production from countries such as Russia raise the prospect of a prolonged global oil glut.

"We view the oversupply as continuing well into next year," Jeffrey Currie, head of commodities research at Goldman Sachs Group Inc., wrote in a note on Tuesday, adding there’s a risk oil prices would fall to $20 a barrel to force production shutdowns if mild weather continues to damp demand.

The bearish outlook has prompted investors to buy put options -- which give them the right to sell at a predetermined price and time -- at strike prices of $30, $25, $20 and even $15 a barrel, according to data from the New York Mercantile Exchange and the U.S. Depository Trust & Clearing Corp. West Texas Intermediate, the U.S. benchmark, is currently trading at about $36 a barrel.

http://nairametrics.com/nigerias-new-budget-is-at-risk-as-imf-projected-20-oil-looms/

Nigeria’s freshly presented 2016 budget proposal could be at risk of being saddled with a hefty deficit, if passed in its current state.
The budget which is hinged on an assumption of $38 a barrel already smells of trouble, especially if oil prices continue its slide to around $20 a barrel in the next year; and the International Monetary Fund (IMF) seems to think that this slide very probable.

The IMF believes that this will result in the downward pressure of oil prices. Potentially prices might still fall by between $5 and $15 a barrel from the current price level.
Additionally, there are concerns about the USA lifting a ban on the exports of its oil, adding to the global supply, which is continuing to outstrip demand.

Risky Budget
This situation is significant for Nigeria because the entry of Iranian oil could see as much as $15 shaved off from the current $38 per barrel, landing the oil price at the $23 range.
With the 2016 budget benchmarked at $38 per barrel, if the price of oil falls to $20, a $39.6 million hole (N7.8 billion) could be blown in the budget. [($38-$20) x 2.5 million barrels = $39,600,000].

http://www.cnbc.com/2015/12/21/us-crude-futures-jump-ahead-of-peak-winter-demand.html

U.S. crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report of a surprise dip in U.S. inventories and the potential for more exports in an oil market which still suffers from ballooning oversupply.

Front-month U.S. West Texas Intermediate (WTI) crude futures were trading at $36.38 per barrel at 0340 GMT, up 24 cents from their last settlement.

Brent crude earlier traded as low as $36.28 a barrel, briefly flipping WTI from a long-standing discount into a slight premium over the international benchmark for the first time since a short period in November 2014. Brent edged back to $36.44 by 0340 GMT.

Except for November last year, WTI has traded at a discount to Brent since 2010.

Oando Energy Resources Enters into Agreement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash December 22, 2015: 02:49 PM ET CALGARY, Alberta, Dec. 22, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the " Company " (TSX: OER) , a company focused on oil and gas exploration and production in Nigeria, today announced that it has entered into a definitive agreement (the " Arrangement Agreement" with Oando PLC and Oando E&P Holdings Limited, a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando PLC (the" Purchaser", under which the Purchaser would acquire all of the issued and outstanding common shares of OER (the" Common Shares ", excluding the Common Shares held by Oando PLC and those held by M1 Petroleum Ltd., West African Investment Ltd. and Southern Star Shipping Company Inc. (collectively, the "Institutional Shareholders " (such Common Shares, excluding those of Oando PLC and the Institutional Shareholders being the "Minority Shares ", pursuant to a plan of arrangement (the "Plan of Arrangement " for cash consideration of US$1.20 per share (the "Consideration ", subject to the receipt of relevant lender consent and regulatory approvals. Oando PLC holds, either directly or indirectly, 746,107,838 of the Common Shares, representing approximately 93.7% of the issued and outstanding Common Shares. Pursuant to the Plan of Arrangement, the Purchaser will acquire all of the Common Shares that are held either directly or indirectly by the Institutional Shareholders and Oando PLC. In consideration for such transfer, they shall receive such number of shares of the Purchaser as reflects the number of their contributed Common Shares for the purposes of completing the transactions contemplated by the Plan of Arrangement. The Consideration represents a 177.2% premium to the 20-day volume weighted average price of the Common Shares on the Toronto Stock Exchange for the period ending December 21, 2015, using the Bank of Canada US$ to CDN$ closing exchange rate of 1.3965 on December 21, 2015. The transaction provides total consideration to holders of Minority Shares of approximately US$13.7 million and implies an equity value for the Company of approximately US$955.3 million. The Board of Directors of OER has unanimously (with Messrs. Tinubu and Boyo abstaining) determined that the Plan of arrangement is fair to shareholders (excluding Oando PLC and the Institutional Shareholders) and it would be in the best interests of the Company to enter into the Arrangement Agreement. The determination of the Board was made upon the recommendation of a special committee of independent directors (the " Independent Committee", and after consideration of the advice of legal and financial advisors to the Independent committee and the Company. Bill Watson, Chairman of the Independent Committee stated, "This proposal represents a significant premium to the 20 day volume weighted average price of the Common Shares prior to today's announcement. We recommend that shareholders vote in favour of the Plan of Arrangement at the special meeting of shareholders to be held for the purposes of approving the transaction." FirstEnergy Capital Corp. ("FirstEnergy ", which is acting as financial advisor to the Independent Committee, has provided an opinion to the effect that, as of the date of the opinion and based upon and subject to the limitations and qualifications therein, the Consideration to be received by the shareholders (excluding Oando PLC and the Institutional Shareholders) is fair, from a financial point of view, to the shareholders (excluding Oando PLC and the Institutional Shareholders). First energy has also prepared and delivered a formal valuation of the Common Shares under the supervision of the Independent committee as contemplated by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special transactions ("MI 61-101 ". FirstEnergy concluded that, subject to the assumptions, qualifications and limitations provided in the formal valuation, that the fair market value of an OER common share is in the range of CDN$0.10 to CDN$0.50 as at the date of the formal valuation. The selection of FirstEnergy as independent valuator, and the assessment of its qualifications and independence, was made by, and the valuation was prepared under the supervision of, the Independent Committee. The implementation of the Plan of Arrangement will be subject to approval by the holders of the affected securities at a special meeting (the "Special Meeting " expected to be held on February 25, 2016. The implementation of the Plan of Arrangement will be subject to approval by 66 2 / 3 % of the votes cast by holders of Common Shares. Although the transaction will constitute a "business combination" for the purposes of MI 61-101, an exemption from the "majority of the minority" approval is available because Oando PLC holds either directly or indirectly more than 90% of the Common Shares. Oando PLC is entitled to, and pursuant to the Arrangement Agreement, covenanted to vote or cause to be voted all Common Shares that it controls in favour of the special resolution approving the Plan of Arrangement to be considered at the Special meeting (the "Arrangement Resolution". Accordingly, approval of the Arrangement Resolution is expected. The transaction also will be subject to applicable regulatory approvals and certain closing conditions customary in transactions of this nature. The Arrangement Agreement provides for, among other things, a non- solicitation covenant on the part of the Company(subject to customary fiduciary out provisions). The Arrangement Agreement also provides the Purchaser with a "right to match." The terms and conditions of the proposed transaction will be disclosed in an information circular that will be mailed in February 2016 to the securityholders of OER. It is anticipated that the transaction, if approved by OER shareholders and the Court, will be completed by the end of February 2016. The completion of the transaction is not dependent on any approval from the optionholders, share unitholders or warrantholders of the Company. The completion of the Plan of Arrangement will be subject to, among other things, approval by the syndicate of lenders in OER's US$450 million senior secured facility. Cassels Brock & Blackwell LLP and Stikeman Elliott LLP are acting as legal counsel to OER and the Independent Committee, respectively. Argentil Capital Partners Limited is acting as financial advisor, and Norton Rose Fulbright LLP is acting as legal counsel, to the Purchaser and Oando PLC. Copies of the Arrangement Agreement, the information circular for the Special Meeting and certain related documents will be filed with Canadian securities regulators and will be available under the Company's profile on the Canadian SEDAR website at Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR . About Oando Energy Resources Inc. (OER) OER currently has a broad suite of producing, development and exploration assets in the Gulf of Guinea (predominantly in Nigeria). Average production for OER in the third quarter of 2015 was 53,169 boe/d.

http://leadership.ng/news/485842/faac-fg-states-lgs-share-n369bn-november FAAC: FG, States, LGs Share
N369bn For November
By NAN
— Dec 23, 2015 6:15 am | Leave a
comment
Minister of Finance, Mrs Kemi Adeosun,
yesterday disclosed that N369.9billion
was shared among the Federal, States
and Local Governments for November
2015.
Adeosun announced this when she
addressed journalists on the outcome of
the Federation Accounts Allocation
Committee (FAAC) meeting in Abuja.
She added that the amount comprised
the month’s statutory revenue of
N297.4billion.
She said, “Also, there is the exchange
gain of N4.9billion which is proposed for
distribution.
“Therefore, the total revenue distributable
for November, including VAT of
N61.1billion, is N389.8billion”.
Adeosun added that N6.3 billion was
refunded to the federation by the
Nigerian National Petroleum Corporation
(NNPC) and was also proposed for
sharing.
The News Agency of Nigeria (NAN),
recalls that N473.8billion was shared
among the three tiers of government for
the preceding month. This showed a
decrease of N83.9billion.
Giving the breakdown, Adeosun said the
Federal Government received
N139.5billion, representing 52.68 per
cent; states, N70.7billion, representing
26.72 per cent.
She said that the local governments
received N54.5billion, amounting to 20.60
per cent of the amount distributed.
The minister further said that
N25.6billion representing 13 per cent
derivation revenue was shared among
the oil producing states.
Adeosun said the country generated
N198.5billion as mineral revenue and
N98.8billion as non-mineral revenue.
According to her, the development
showed a decrease of N11.3billion and
N114.2billion from what the country
generated as mineral and non-mineral
revenue in the preceding month.
She stated that the balance in the
Excess Crude Account stood at
$2.25billion, which showed that nothing
had been removed or added to it since
July. Adeosun decried the low revenue
generation for the month.
She said, “Ongoing maintenance and the
shut-down and shut-in of production for
repairs and maintenance at different
terminals during the month continued to
impact on crude oil and gas revenue
negatively.
“Also, there was revenue loss of
$19.4million as a result of drop in
federation export, even though the
average price of crude oil increased from
$46.9 per barrel in September to $49.5
per barrel in October’’.
Adeosun, however, stated that there was
distribution of $150million being Liquefied
Natural Gas (LNG) dividends, adding that
it had previously been approved by the
National Economic Council (NEC).
She said that the increase in non-oil
revenue was a sign that the economy
was already showing non-dependence on
crude oil alone.
She said, “Even though the revenues for
the month are actually down, if you
analyse it, non-oil revenue is now really
making a difference compared to oil.
“Non oil is beginning to pick up and play
its part and I think that for our economy,
that is a very positive sign and I think
that it is something we should work
together with, to ensure that people are
paying and remitting tax when due.
“We should improve collections in those
non-oil revenue generating agencies,
because those revenues are not as
volatile or subject to oil price.
“They are most sustainable and those
are the signs that we are looking for,
that those non-oil revenues should be
more stable and significant and to keep
growing. So, that is our policy direction’’.

http://www.thestreet.com/story/13405763/1/oando-energy-resources-enters-into-agreement-with-oando-plc-for-oando-plc-to-acquire-oer-minority-shares-for-a-consideration-of-us120-per-share-in-cash.html

Oando Energy Resources Inc. (" OER" or the " Company" (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has entered into a definitive agreement (the " Arrangement Agreement" with Oando PLC and Oando E&P Holdings Limited, a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando PLC (the " Purchaser", under which the Purchaser would acquire all of the issued and outstanding common shares of OER (the " Common Shares", excluding the Common Shares held by Oando PLC and those held by M1 Petroleum Ltd., West African Investment Ltd. and Southern Star Shipping Company Inc. (collectively, the " Institutional Shareholders" (such Common Shares, excluding those of Oando PLC and the Institutional Shareholders being the " Minority Shares", pursuant to a plan of arrangement (the " Plan of Arrangement" for cash consideration of US$1.20 per share (the " Consideration", subject to the receipt of relevant lender consent and regulatory approvals.
Oando PLC holds, either directly or indirectly, 746,107,838 of the Common Shares, representing approximately 93.7% of the issued and outstanding Common Shares.

PETERiCHY:
http://www.thestreet.com/story/13405763/1/oando-energy-resources-enters-into-agreement-with-oando-plc-for-oando-plc-to-acquire-oer-minority-shares-for-a-consideration-of-us120-per-share-in-cash.html

Oando Energy Resources Inc. (" OER" or the " Company" (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has entered into a definitive agreement (the " Arrangement Agreement" with Oando PLC and Oando E&P Holdings Limited, a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando PLC (the " Purchaser", under which the Purchaser would acquire all of the issued and outstanding common shares of OER (the " Common Shares", excluding the Common Shares held by Oando PLC and those held by M1 Petroleum Ltd., West African Investment Ltd. and Southern Star Shipping Company Inc. (collectively, the " Institutional Shareholders" (such Common Shares, excluding those of Oando PLC and the Institutional Shareholders being the " Minority Shares", pursuant to a plan of arrangement (the " Plan of Arrangement" for cash consideration of US$1.20 per share (the " Consideration", subject to the receipt of relevant lender consent and regulatory approvals.
Oando PLC holds, either directly or indirectly, 746,107,838 of the Common Shares, representing approximately 93.7% of the issued and outstanding Common Shares.

The name of Oando should be changed to 'Agreement'

The oil adventure is no longer economics, it is war tool. Some powers are bent on using this to crush some countries

Click like if you are ready for a mini bull.

Born2berich:
Click like if you are ready for a mini bull.

and click share for mother of bears

Advice is one thing that is freely given away, but watch that you take only what is worth having