jideflash:
Fbnh is about to drop a bomb today, Good / Bad.. your guess?

It is for the better, see FBN at N8 and above in a couple of days.

vivie01:


Phone: 014619261, 014619262
E-mail: customerservice@gtlgroup.com

Thank you very much!

should i buy FO?

jarkbauer:
should i buy FO?

Why do you want to buy FO...examine your investment objectives. For Long term yes 1-2yrs. Else look else where.

Goodluck

N/B - I am loaded here...so I might be wrong.

Skye bank 39 million bid.. any info?

What happened to loco? Long time, no hear

stocks with new 52 week highs
m & b #4.15k
fidson #3.15k
CCNN #8.03k
pharma deko #2.18k
zenith bank #22.90k
first aluminum #0.56k
medview #1.60k

no new 52 week lows

For all this bull run nothing touch Evans medical...?

Blue-Chip Stocks Lift Equities Market to N69b Gain
www.businesspost.ng/2017/06/15/blue-chip-stocks-lift-equities-market-n69b-gain/

How far FBNH facts behind d figures on NSE today...any update

Update shortly. However, you can stay tuned to www.businesspost.ng

Princkez:
How far FBNH facts behind d figures on NSE today...any update

Intendy:
stocks with new 52 week highs

m & b #4.15k

fidson #3.15k

CCNN #8.03k

pharma deko #2.18k

zenith bank #22.90k

first aluminum #0.56k

medview #1.60k


no new 52 week lows

Yours truly was able to bail out of M&B with marginal profit today after selling the ones that I bought at 4.05 about 3 years ago. At times, patience and determination is key to success in the NSE.

Friend,

Thank God for you. However if you have waited so long, why rushing out when profits are to be made?

Hope you enjoy any dividend during your waiting time sha?

kolaish:
Yours truly was able to bail out of M&B with marginal profit today after selling the ones that I bought at 4.05 about 3 years ago. At times, patience and determination is key to success in the NSE.

sellydion:
Friend,

Thank God for you. However if you have waited so long, why rushing out when profits are to be made?

Hope you enjoy any dividend during your waiting time sha?

Yes, you are right, but the anxiety of unexpected recovery of a supposedly lost fund made me to bail out.

What is the 411 on first bank

He assured that the second major account which is Atlantic energy is also on the path of being worked out , as full disclosure is currently being delayed by expected assent by the authorities.’ This will also be resolved in the course of the year when all or $500 million will drop off.

“We are positive on others that, we also hope will be resolved soon, having taken the heavy lifting in 2016. There is no fresh NPL in our books and we have no issues with power exposure”

He recalled that the company in 2015 provisioned N119 billion on NPL, and another N216 billion in 2016, impairment on loans, which impacted on its bottom line and dividend payment to shareholders.

sky2891:

https://nationalwire.com.ng/fbnhs-five-major-none-performing-accounts-to-drop-off-sooneke/

Thanks

sky2891:

https://nationalwire.com.ng/fbnhs-five-major-none-performing-accounts-to-drop-off-sooneke/

thanks

sky2891:

https://nationalwire.com.ng/fbnhs-five-major-none-performing-accounts-to-drop-off-sooneke/

Thanks. Exactly what i was waiting for.

E be like say fbnh go move tomorrow.

[quote author=Mpeace post=57552831]

Market has discounted this news already. We are waiting for the second quarter results. FBNH is worthy to hold till 2018 all other things being equal.

sky2891:

https://nationalwire.com.ng/fbnhs-five-major-none-performing-accounts-to-drop-off-sooneke/

From 2.1 per cent in 2016 to 12.40% KM #20+ is all i can see now . First always first .

nio68:
@Bullbear, @fxuser please what is technical saying on UCAP and afriprud. Thanks

UCAP
-Weekly is bullish
-Daily is bullish but deteriorating as bulls and bears are fighting it out
-Price opened high yesterday (good for the stock) but bears forced it to close lower (bad)
-Lot of transactions ongoing between 3.20 - 3.30 creating support level
-Average daily volume increasing

Afriprud
-Weekly is bullish
-Daily is bullish but showing deterioration
-Yesterday's close was strong & sitting on resistance level
-More bulls are needed to push the price above stiff bears opposition sitting at the resistance else support at 2.85 may be tested again
-Daily average volume not bad

ihedioramma:
From 2.1 per cent in 2016 to 12.40% KM #20+ is all i can see now . First always first .

$500m (more than N180b) dropping off NPL in the course of the year after the first dropping off in this Q2 which will all be written back as income. Needless raising funds again inform of eurobonds or rights issue or IPO and adding extra liability like other banks are doing or intending to. Also additional value for shareholders and boosting investors confidence. Imagine (N119b+N226b) N335b real stress test now coming back as income when written back even if its half of it. No wonder previously they confidently used phrases like THE WORST IS OVER and SURGE IN PROFIT.

Transactions on FX investor window hit $2.2bn – CBN
Olubode Olusesan / 7 hours ago


Oyetunji Abioye with agency report

The Central Bank of Nigeria on Thursday said its new currency window for investors had handled $2.2bn of trade in six weeks.

The CBN also said it accounted for almost 30 per cent of the $2.2bn transactions, adding that this was meant to keep the window operating.

The CBN had about six weeks ago created the Investors & Exporters FX Window to attract foreign investors and at same time maintain a strong currency to ward off inflation.

Analysts and experts have lauded the initiative as a right step in the right direction.

However, some experts including a former Governor of the CBN, Prof. Charles Soludo, said although the initiative among others taken by the regulator in recent times had moved the forex market forward by 10 steps, there was a need to take about 90 steps to get the economy to where it ought to be.

Commenting on volume of activities on the I&E FX window, the Acting Director, Corporate Communications, Mr. Isaac Okorafor, said the CBN would sustains its intervention to support the naira.

He said the central bank was comfortable with the external reserves level of $30.3bn. Analysts estimate the bank has spent more than $5bn defending the naira this year.

“Average trading on investors’ window is now $2.2bn in the first six weeks of its introduction with our participation restricted to less than 30 per cent,” Okorafor told Reuters.

“This showed the level of confidence in the system,” he added.

Before the investors’ window was introduced in April, the central bank was the main supplier of hard currency on the interbank forex market, after foreign investors fled naira assets in the wake of an oil price slump in 2014.

The regulator has allowed investors to trade the naira at rates set freely between buyers and sellers, hoping to increase the amount of dollars available in Nigeria – but effectively introducing yet another exchange rate to the five already in operation.

The CBN has an exchange rate for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed Bureau De Change operators, and a rate for foreign travel and school fees, in addition to the official and black market rates.

The stock market has reacted positively to the introduction of the investor window, rising 34 per cent in six weeks with volumes more than doubling.

The rally also partly follows MSCI’s recent move to boost Nigeria’s weighting on its frontier index, according to analysts.

“When we started intervening in the market, the question was sustainability but we will ensure the process is sustained,” Okorafor said in Lagos.

The central bank last year removed a temporary peg to float the naira, but to protect its precariously low foreign reserves it introduced the convoluted exchange rate system that sees different buyers paying various rates for dollars.

It has said the move is needed to eliminate frivolous demand for foreign currency.

The naira was quoted at 372.70 on the investors’ window on Thursday. It traded at 365 on the black market and was stuck at around 305.25 to the dollar on the official window.

“Today we are gradually achieving convergence between the investor window and invisible window (FX rate for retail users),” Okorafor said

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Good morning BNSTIL,
Do we have index fund in Nigeria and if yes, what is the procedure in investing into them. I will appreciate the list of them in NSE.

Many thanks BullBear

BullBearMkt:

UCAP
-Weekly is bullish
-Daily is bullish but deteriorating as bulls and bears are fighting it out
-Price opened high yesterday (good for the stock) but bears forced it to close lower (bad)
-Lot of transactions ongoing between 3.20 - 3.30 creating support level
-Average daily volume increasing

Afriprud
-Weekly is bullish
-Daily is bullish but showing deterioration
-Yesterday's close was strong & sitting on resistance level
-More bulls are needed to push the price above stiff bears opposition sitting at the resistance else support at 2.85 may be tested again
-Daily average volume not bad

How come livestock is not moving? I thought there impressive 1st quarter would 've lifted the share price more than it is now.

Where and where do we look to invest today.