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Having problems claiming money made online is as EASY as ABC:

http://www./register_new.php?=enurayce


http://safeatom.com/?ref=43231

Zenith has reverted to their no-bonus policy
Those guys can be a buncha twisted pricks atimes

Zenith Bank’s Shareholders’ Funds Hit N346bn


Zenith Bank’s 2008 audited result released yesterday show that the bank now has shareholders’ funds of N346.6 billion, a 198 per cent rise from N116.4 billion the previous year.
The bank is also making a dividend payout of N28.5 billion, the highest ever by any bank in Nigeria. This amounts to N1.70k per share as against N1.10k per share last year
The result, which was released on the floor of the Nigerian Stock Exchange (NSE) in Lagos, shows pre-tax profit of N56 billion, up from N25 billion the previous year. Gross Earnings rose to N208 billion, a 120 per cent increase from N94 billion recorded the previous year, indicating an increasing market share.
The result was commended by financial analysts and investors as “outstanding” as it shows the ability of Zenith Bank “to sustain its performance, raise the bar of competition and continuously meet the expectation of shareholders”, a statement from the bank said.
Zenith Bank, which recently moved its financial year end from June to September, is known for its consistently strong financial performance over the years.
The performance over the years has earned Zenith Bank excellent ratings and recognitions from local and international agencies.
Agusto & Co., Nigeria’s foremost rating agency, has for the ninth consecutive year rated Zenith Bank Triple A (Aaa), saying “the bank is a financial institution of impeccable financial condition and overwhelming capacity to meet obligations as and when they fall due”, while Fitch Ratings currently rates Zenith Bank AA- (National).
Zenith Bank was last month named “Best Global Bank in Africa” by the African Banker at an award ceremony held in Washington DC, United States.
Earlier, in August, the Bank was named the Best Bank in Nigeria by the influential Euromoney magazine.


Highest dividend ko,lowest returns ni
A bonus issue of 1 for 15 is better than the N1.70 they're paying

14/11/2008 - Volume 414,743,128 Value 4,336,995,701.75 Deals 14,171 Gainers 44 Loosers 35 Unchged 47 visit http://adten.org for more

Abidemi_A:

14/11/2008 - Volume 414,743,128 Value 4,336,995,701.75 Deals 14,171 Gainers 44 Loosers 35 Unchged 47 visit http://adten.org for more

@Abidemi
nice site with complete tools,congrats.

Merrill Lynch Ranks Nigeria World’s Safest Economy

A major boost was given to Nigeria’s quest for foreign investment inflow at the weekend as the country was named the least vulnerable economy in the world, according to a report, Global Economics, compiled by a team of experts from Merrill Lynch.
Merrill Lynch is one of the world’s leading financial management and advisory companies, providing financial advice and investment banking services.
The report, a copy of which was made available to THISDAY at the weekend, was compiled following several data requests from clients of the investment bank for key risk indicators for all major economies including Europe, the Middle East and Africa (EMEA).
According to the statistics, the world’s 10 least vulnerable economies are Nigeria, Mexico, Phili-ppines, Colombia, Egypt, Oman, Indonesia, Peru, China and Russia.
Also, the report identified Australia, Switzerland, Korea, Romania, Hungary, Sweden, Bulgaria, Euro area, United Kingdom and the United States of America as the highest risk economies in the world.
The risk ranking was based on seven indicators and they are - current account financing gap, foreign exchange reser-ves/short-term external debt ratio, private credit-to-Gross Domestic Product (GDP) ratio, and private credit growth, loans to deposits and banks capital-to-assets ratio. Merrill Lynch said the report also addressed all the requests in 62 indicators of the 60 world economies.
According to the report, Nigeria, with a population of 141.41million, was able to record a 7.3 per cent growth in GDP, with its Consumer Price Index hovering at 11.5 per cent, its current account balance, fiscal balance and public debt at 6 per cent, 6.3 and 10.4 percentage respectively.
To determine its external vulnerability, Nigeria’s external debt position was put at 12.9 per cent of the GDP, while external debt /exports ratio was put at 9 per cent. Her forex reserves totalled $60.8billion.
The percentage of Nigeria’s total external debt in relation to the GDP was put at two per cent, total foreign claims is $15.3billion while international claims stood at $13.1billion.
The report stated that the percentage of Current Account Balance plus net Foreign Direct Investment of the Nigerian GDP was 34, Forex reserves/short-term external debt totalled 41, while percentage of export of the GDP was 38 point.
The percentage of private credit of GDP was 43, while the percentage of bank capital to assets, according to Merrill Lynch was 41.
The 10 most vulnerable countries, which are mostly European countries, were said to have exhibited worse balance of payments positions, stretched external debt service ratios and overleveraged financial systems.
“Many of the economies that top our risk ranking have been identified by the National Bureau of Economic Research (NBER) as those that have experienced capital flow bonanzas in the past five years and hence exhibit higher likelihood of economic crisis,” the report explained.
Explaining further on how it put the report together, Merrill Lynch states that: “While we believe that our country risk ranking produces plausible results, one needs to be aware that, as any ranking of that type, it is highly sensitive to the selection of indicators employed. For example, developed countries can probably sustain higher external vulnerability indicators than emerging markets; some Euro area country statistics are possibly misleading given there is a monetary union.”
In their reactions, the leadership of the Nigerian organised private sector said the various investment-friendly programmes put in place especially in the past five years largely gave Nigeria a pride of place in the ranking.
Immediate past Director-General of the Nigerian Economic Summit Group (NESG), Dr. Mansur Ahmed said the latest ranking has confirmed that Nigeria is indeed an investors-haven. The feat, he said, should be traced to a regime of consistent and sustained improvement in the nation’s fiscal management.
Speaking with THISDAY in a telephone interview yesterday, Ahmed acknowledged that Nigeria has been able to maintain a healthy foreign exchange management, low budget deficit and heavily low external indebtedness, which he said have combined to grossly reduce the nation’s level of risk. He said those indices have also endeared the nation’s economy to foreign investors.
However, the incumbent DG of NESG, Mazi Sam Ohuanbuwa said the investment community would not be surprised at the latest ranking by Merrill Lynch.
According to him, the key indicator to the safety of investment in Nigeria is the freedom to invest in any part of the country without government’s intervention.
He maintained that issues like hostile acquisitions, or government take-over is not common in Nigeria, explaining that even in cases where government reversed policies, it is always limited to government investments.
“In Nigeria, people can invest anywhere without hindrance. Other important considerations are the sheer size of the Nigerian market and underlying macro-economic issues,” Ohuanbuwa said.
He noted that although investors in Nigeria are still complaining of high cost of doing business, the level of risk is far lower than what obtains some other economies of the world.
On measures to improve on the latest ranking, the experts were unanimous in their call for the sustenance of investor-friendly policies by the government.
Ahmed emphasised the need for effective management of the nation’s foreign asset especially in the face of the dwindling prices of crude oil at the international market.
Ohuanbuwa charged the government to liberalise the economy by removing all hindrances to the economy.

If this is true,then we should expect more foreign funds to be pumped into the NSE,at last better days are here again

euromilion:

@ALL
i am still waiting for my cert and returned monies from the last po and ipo of the following coy,please i like to know if there is anyone in the same situation as me please or advice from all

bagco
zenith bank
access bank

In addition to the contribution of Walcom,you may want to visit Wema registrars @ AG Leventis building in Apapa for your Access return money and certificate as those ones were sent ages ago

Has anyone had any luck selling any shares on the open market in the last couple of days?

yes people have been buying and selling

Please, can somebody explain to me briefly the process of share certificate verification. I ask because I have a bank certificate that my broker told me has been verified, and it shows in my stock account with the broker. However, the shares have not shown up in my CSCS account.

Was wondering why it took this long for this classic bear trap to show face. I wonder how many were caught?.

FatherOF2:

Was wondering why it took this long for this classic bear trap to show face. I wonder how many were caught?.

fatherof2 how u dey? You have been in hiding and for good reason I suppose.

At least we now know that there is cash to move this market even if it is a 2weekly cycle. This is how it should have been if not for the 1% wahala.

I am hoping we will start having higher lows and higher highs as the market tries to recover.

What is happening to skye shelter fund?

otokx:

What is happening to skye shelter fund?

I called a member of staff of skye bank and he told me that the year end for skye shelter fund is december. We'll have to wait till then. I hope it is worth it.

debenzd:

fatherof2 how u dey? You have been in hiding and for good reason I suppose.

At least we now know that there is cash to move this market even if it is a 2weekly cycle. This is how it should have been if not for the 1% wahala.

I am hoping we will start having higher lows and higher highs as the market tries to recover.

Seriously doubt it, you will know when the market has resumed a normal cycle. AS E BE NOW, e never happen, not when 95% of traded stocks all follow in one direction. THAT IS TOTALLY ABNORMAL ANYWHERE IN THE WORLD. Its probably months of accumulated salaries that moved things a little last two weeks.

FatherOF2:


Seriously doubt it, you will know when the market has resumed a normal cycle. AS E BE NOW, e never happen, not when 95% of traded stocks all follow in one direction. THAT IS TOTALLY ABNORMAL ANYWHERE IN THE WORLD. Its probably months of accumulated salaries that moved things a little last two weeks.

Once beaten twice shy. I am certain a lot of people already have money tied down in red and are refusing to sell. Meanwhile they are hoping to cash in and make small percentages on mini bull runs to compensate.

The wahala is to know when to enter and when to exit.

I got my eyes on dangote sugar; hope it falls to N10. What do you guys think?

SEC Appoints Market Makers


The Securities and Exchange Commission (SEC) has confirmed that it has approved the applications of Greenwich Trust Limited, Chapel Hill Advisory Limited and Diamond Capital & Financial Market Limited as market makers.
Market makers are wholesale operators who ensure that there is liquidity in the stock market by either buying shares when there is a glut or selling shares when there is scarcity.
The decision to introduce them into the Nigerian capital market was reached last August as part of the recovery measures to stem the persistent fall in the share prices at the stock market.
SEC’s Head of Media, Mr. Lanre Oloyi, had penultimate week disclosed that the Commission had begun the registration of market makers. He said the approval process of three out of the 15 applications, had reached advanced stage, promising to made the names available as soon as the final approval were granted.
Oloyi who, spoke to THISDAY on the telephone yesterday, said: “The Commission has approved Chapel Hill, Greenwich Trust Limited and Diamond Capital & Financial Market Limited as market makers. Other applications are still under consideration.”
The news of the appointment was welcome by some operators who said it would help to boost the stability that is gradually returning to the market.
“Although the market is not as bad as it was a few weeks ago, the activities of the market makers would go a long way to stabilise the market more,” a stockbroker said.
According to guidelines of SEC, a market maker shall be a company duly registered with Corporate Affairs Commission (CAC) and shall have a minimum paid-up capital of N2 billion.
They are required to at all times maintain sufficient liquid assets to cover its current indebtedness.
Obligations of the market maker include: stabilisation of the market by ensuring continuous liquidity by synchronising buy and sell transactions of a security; operate within the established transaction spread (that is bid/offer spread), which shall be a maximum limit of three per cent and subject to review from time to time.
Also, the market maker will have the capacity for continuous two-way quotes in the relevant stocks through the trading session in a minimum quote size of 100,000 units of shares and must have the capacity to deliver and settle transactions within the prescribed settlement cycle of T+3.
They must equally have the capacity to lend and borrow the designated securities at any time, with a view to ensuring stability in the market.

otokx:

I got my eyes on dangote sugar; hope it falls to N10. What do you guys think?

When you wrote this I thought it was impossible. But now I am looking forward to buy sometime in Dec at this price too. 100% profit by April possible. Whatever it takes (legitimately) this is the time to buy.

Guys,

I really need urgent help.

I have 1 million naira and I am looking to put this in Union Bank asap.

From my analyis, it is realistic to expect it reach at least NGN25 by end of March 2009.

My question is this:

* Is it at company year ends that share prices normally tend to rise or when they close their registers (Union Bank year end is 31 March 2008 for instance but they didnt close register till november - how can this affect share price?).
* Does anybody have any other info on best entry point - do you expect further decline in the price?
* DO you think this anticipated appreciation is realistic?

Kennedy,
many factors interplay here. Aside from the forces of demand and supply, investors' confidence also count. Smart investors tend to position themselves when the last quarter results are released. This push the price a little bit up.
The price movements and its rate of movement at close of register depend on the dividend and bonus declared. Expect a sharp price movement and rush when the bonus issue is fantastic with a good dividend to go along with it. Remember First bank in 2007.
You can decide to position yourself by the last quarter in march or wait for the goodies and declaration of bonus.
If the bonus is below what investors expect, know that the price may not appreciate.
This happened in the case of UBA in 2007 when only dividend was declared though investors expected a bonus issue. Find out more on Nigerian stock market secrets in this website  for more insight
(www.nigerianstockmarketsecrets DOT DOT com)

Find recommended stocks to buy here www.nigerianstockmarketsecrets DOT DOT com
cheers

As most blue chips are falling within striking range,hope to be liquid enough to take full advantage of the opportunity

UBN dividend payout starts tommorow,while that of Zenith starts on Dec 8th.
Talk of early Christmas bonus
Hmmmmmm yummy

@beginner,
i will neither recomend nor discourage u from buying union bank irrespective of the financial year end,the main issue is do u really understand the market session and the possible time for market recovery.
my friend with strategies u need not to buy union bank b/4 making ur money or what else are u looking for?
www dot profitgurantee. dot com is the strategies arena try it and u will be convinced just click on the link here

I'd say UBN does seem to be showing signs of bottoming, but I'd wait until the price is at least $18 before buying. $25 does seem to be the ideal target price.

Good evening my fellow nigerias, 've been reading discussion on this forum and its really interesting. its really keep you informed of whats going on in nigeria. Particularly in shares which 'am very interested in, though am a JJC in this area.
I leave abroad and dont have any intention of coming home in the nxt 15month. Can anyone suggest me a reliable Stock broker please

Hello JJC

I work in a firm called Citi Investment capital, and i would be glad to open a stock broking account for you. I have clients within and outside Nigeria we use emails and phone calls to keep in touch.

Check our website www.citiinvestmentcap.com and let me know if you will like to go ahead.

please send me an email on adepemiatilade@citiinvestmentcap.com

Dangote sugar has refused to hit that N10 mark, what do you guys think of dangote flour?

from what i know dangot flour is not a good buy at all.

Dangote sugar is much much better

how about oceanic?