ihedioramma:
Godisfaithful what is the price of oil and dollar today? What of ucap? . One love .

Sir, brent is $48.94 at the moment...lol. Currently, UBCap is N2.34

Godisfaithful:


Sir, brent is $48.94 at the moment...lol. Currently, UBCap is N2.34

JAH BLESS .

stock with new 52 weeks high
GTB #25.90k
No new 52 weeks low

Intendy, what can i do about this, they take money for trade alert from me why i dont get any alert ?

Talk to your stock broker. They'll fix it for you

ihedioramma:
Intendy, what can i do about this, they take money for trade alert from me why i dont get any alert ?

.

Pls bnsitl, help me with African Prudential Registrars Lagos branch gsm number. The number on their website is not going through. Biko o.

debeey87:
Talk to your stock broker. They'll fix it for you

bro follow the above reply. thanks oga debeey87

For now banking sector is a no go area,except you are a long termer,even with that lock in your profit and activate a repurchasing strategy.

Intendy:
For now banking sector is a no go area,except you are a long termer,even with that lock in your profit and activate a repurchasing strategy.

Why?,at least let the dividend play out first before fear mongering.

http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/


The banks, Thisday exclusively gathered this afternoon, were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.

T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b]

9ja banks badt pass Satan

$500m dolls can sink any bank.uba release interim div since make man runaway they refused.dont knw hw the market will react to this morrow.feelamong are you sure this is a new development?

feelamong:

http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/


The banks, Thisday exclusively gathered this afternoon, were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.

T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b]

Lol.

Tactical calculation would have been made prior to the non-release of the funds.

A case study: FBNH was supposed to remit $469m but didn't. Let's say they make c.$50m as non-interest income within the period, then negate the surely forth-coming CBN fine of c.$5m, thereby leaving a profit spread of $45m.

So why not risk it!! Everyone goes home happy!

C wat hav been missing! Since i got ETI, hav been unable to cash it dividend to my account. I hav 3 unclaim warrants. Hope dia branch in Uyo wil exchange it 4 me.

OBAGADAFFI:


Yes, take it to ECOBANK branch.
But most ECOBANK branches can't process the dividend.

Mfunkynation:
C wat hav been missing! Since i got ETI, hav been unable to cash it dividend to my account. I hav 3 unclaim warrants. Hope dia branch in Uyo wil exchange it 4 me.

The Doller value of the dividend makes it difficult to claim in other Banks.

Only specific Ecobank branches can pay the dividend.

feelamong:

http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/


The banks, Thisday exclusively gathered this afternoon, were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.

T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b]

My major interest in this news is First bank and UBA.

This two banks have been featuring in every bad news coming from the banking sector.

I am having a feel this two banks will be fantastically cheap in the future.

OBAGADAFFI:


My major interest in this news is First bank and UBA.

This two banks have been featuring in every bad news coming from the banking sector.

I am having a feel this two banks will be fantastically cheap in the future.

but as you think can they get out of it? . Remember they are one of the top five banks befor? What of now?

OBAGADAFFI:


My major interest in this news is First bank and UBA.

This two banks have been featuring in every bad news coming from the banking sector.

I am having a feel this two banks will be fantastically cheap in the future.

FBNH already hurt many but hope UBA will have a strong defense concerning this issue.

davide470:
Lol.

Tactical calculation would have been made prior to the non-release of the funds.

A case study: FBNH was supposed to remit $469m but didn't. Let's say they make c.$50m as non-interest income within the period, then negate the surely forth-coming CBN fine of c.$5m, thereby leaving a profit spread of $45m.

So why not risk it!! Everyone goes home happy!

Lol.

This is a big mistake that a lot of people make with certain government parastatals. The banks will pay back with fines and penalty. The key word being penalty. A certain bank has paid 2 billion as penalty to CBN in the past.

Getting ready for UNITY BANK @ #0.50k... This bank is goldmine for the discerning investor...

THE BIG SMART GUY

Parisfran:


Lol.

This is a big mistake that a lot of people make with certain government parastatals. The banks will pay back with fines and penalty. The key word being penalty. A certain bank has paid 2 billion as penalty to CBN in the past.

The fact is that all these banks have made so much money on this money before paying the fine or whatsoever the CBN called it. Anyway, it is a win win situation for the banks. CBN is to blamed for every unwelcome incident happening around the banking industry. This incident had been happening since last year and CBN failed to call those affected banks to order? Why are they coming out now to demand the implementation of the TSA order towards the banks? The whole system from the executive parastatals of government is unfortunate. They should keep fooling themselves. I think Emefiele replacement is due...And it will happened anytime soon!

Time to read: The Financial Markets: When Fear And Greed Take Over
http://www.investopedia.com/articles/01/030701.asp

Parisfran:


Lol.

This is a big mistake that a lot of people make with certain government parastatals. The banks will pay back with fines and penalty. The key word being penalty. A certain bank has paid 2 billion as penalty to CBN in the past.

Well, there is always a calculated risk before hoarding funds like this.

I know of an Investment bank in the Americas, that intentionally do business with some rich black-listed countries because the profit when compared to the laid down penalties and fines would be inconsequential.

UBA has paid last night.

http://www.thisdaylive.com/index.php/2016/08/24/tsa-nine-banks-barred-from-forex-market-ceos-appeal/

http://thenationonlineng.net/sec-mulls-special-trust-fund-unclaimed-dividends/

My eyes on APR....

pls where are the news that can bring FBN to #3.00 or below?I need to make my last purchase for the year and begin to watch price movements.

ihedioramma:
but as you think can they get out of it? . Remember they are one of the top five banks befor? What of now?

They can get out of it, but not after the hunters have successfully taken position.

Oil rebound by Q1 next year will push oando's price above #10 anytime from next year........we must exercise patience to reap the fruit of our labours in this one.

locodemy:
Oil rebound by Q1 next year will push oando's price above #10 anytime from next year........we must exercise patience to reap the fruit of our labours in this one.