₦airaland Forum

saintmark88:
You own all these and u cNt cough out 7500 to buy 50litres of fuel with out crying... My friend u r a Broke A.ss nigga, those Tht have d money go to d filling station n buy fuel even if it's sold for 500n per litre, broke niggas claiming entrepreneurs, cry n wail at a paltry sum of 145.....sell ur companies n go n mke money....... Oshee

You're plain silly....and it's not an insult... It's a statement of fact!
An entrepreneur who employs airheads like you, who provides a means of livelihood to Nigerians directly and indirectly... you dare to hide behind your borrowed Chinese phone that you managed to charge with your neighbors laptop... You call N145/litre paltry?
You poverty stricken piece of sh!t...
I can bet my last kobo that you've never been responsible for yourself...
You're soo poor....it's beginning to affect you mentally...

NuttyChoky:
The spike is already happening because of the deregulation announcement [N325/$]

But I don't think it has the potential to be as profitable as the NSE now with all these P/BV of 0.1

Well... I think it can do 15% - 20% in the next couple of days... That's enough for me... I'll come back to stocks later...

forbes30:
...so where do you go for forex news and information...is there a nairaland group like this about forex....where one can learn and improve...
and most importantly piggy back of others ideas.....
@group....I will soon resign from my 9am - 5 pm job and face active nigerian stocks and forex trading .....

Naa... I'm not going to be active... I'll just buy and hold dollars. I sense a sudden spike in exchange rates and an official devaluation in the coming days.

I am temporarily porting from stocks to forex...
See una later...

allthingsgood:
Shut up!

Ode!!! People dey analyse you sef dey open mouth...mtchew

allthingsgood:
All this attack started the instant we signed agreement with China. The west is scared to their bones to what this deal can achieve. All of a sudden Nigeria is no longer desperate for there slavish loans!

Oga, what useless deal did you reach with China? You better wake up... You're in a sinking ship and all you can notice is colour of another man's boat?

Budget about to be signed.....(today oh)
Sharpen cutlass for dem wapco and ccnn

In a nutshell.....
It'll be more expensive for us to borrow as a country....
Reflects a worsening economic environment...
Basically a result of our dependence on crude oil and the fact that our 2016 budget still depends on revenues from crude oil.....

That uncle will conveniently run into you again soon, give you another £50, collect your number....and brush your kpekus

The sad part is that Bisi Onasanya and co who messed up First Bank will leave with fat cheques as gratuity whilst trainees and lower cadre staff will be laid off with almost nothing...
Corporate Nigeria is one big sleaze.

I spit on this thread...
And I spit on the OP...

A year after assuming office this administration is still talking about GEJ and NOI...

These people are no longer our problems...

Buhari, Kemi Adeosun and Babatunde Raji Fashola are our new problems...

Tell them to fix what they said they could fix or honorably resign and get the fvck out!!!

In 2010.... Two new staff (a guy and a lady) were added to my team...both fresh from school.
Didn't have any issues with the lady as she was ready to learn..
The guy kept questioning my decisions and slandering my image behind my back...
What I did was simple; make him report to the lady....then the lady reports to me...
Found out later he's older than me with a couple of years... And I'm older than the lady by a few years too...
So he ended up reporting to someone over 5 years younger...and a fellow trainee at that.
He learnt the true meaning of humility... The lady show am pepper!!!

The core issue we need to address is an overall balance of trade deficit ....
We need to export more...
China will use this opportunity to dump their goods in Nigeria...
Because China has comparative trade advantage in the production of almost all the goods which both countries will be exchanging...
At the end... we're still worse off

It's..."the beginning of the end"..

735i:
Yaaay!!!!
Access bank!!!! I done hammer

30k dividends? Damn... This Access bank guys dey wicked gaan!!!!
Ika ni awon people yi sha

Yaaay!!!!
Access bank!!!! I done hammer

Aig done do am for wapic sha

ufotty2001:
what at uba

UBA and Access.... I dey worry for una two.... E be like them done force una to go carry load wey una drop tey tey...

stokfrick:

Oboy see as all of them run come back, like say NSE never close, some even carry laptop make them bid zenith for 10%
Una too like money

Who no wan hammer?
May we not be asleep when baba answer our call

stokfrick:
Zenith making us proud

http://www.nse.com.ng/Financial_NewsDocs/ZENITH%20BANK%20PLC-%20AUDITED%20DEC%202014.pdf

Guy... Stop rough play oh... Why you dey put link to old results?

megainvest:
Hello foreign investors, welcome back to NSE!

Naaa.... They won't come yet... It'll take another 30 to 90 days cos they'll be watching to see if the rally in oil prices will sustain. Plus they're still wary over government policy on forex transactions and the adjustment of the naira.

veecovee:
any hear say about access pls

Short term buy
Long term hold

I warn una on FBNH last year oh. Ehen!

kayfra:
CBN cut them the slack so they can recover from the reduction in interest rates. I really do hope the banks are as smart as you indicate here. I haven't seen massive layoffs which means they still haven't adjusted to current realities. Not that I am hoping for layoffs. God knows Nigerians have been dealing with major economic stress.

Let's stress test the banks based on current crude prices remaining under $35 a barrel for the better part of the year, 35-40% bad loan ratio and our reserves going down to $15 billion dollars. Those are feasible scenarios.

The reduction in interest rates is actually working in their favour because most if not all are yet to review their lending rates downwards. So their margins have increased. Layoffs too have started...albeit a bit subtle to avoid "noise".
But you'll be correct if you say they'll be stressed if oil hovers around at $35...
The big bet then is on the recovery of oil prices.

kayfra:
I'd like to confirm your information with a stress test. Let's really see how fundamentally sound the banks are. I have seen Nigerian banks declare profits to high heavens till they folded up or got bought out. Let's stress test the banks.

A stress test will not be out of place....but what would be your variable? Oil prices? Naturally if the present price sustains till Q3 or Q4, it will be catastrophic. What if prices recover to $40, or $45...
Most O&G loans have been restructured such that once oil prices touch $40, the banks will be sitting quite comfortably.
Don't forget the cbn cut them some slack on charges. I see GTB redeeming its Eurobond at a premium...even as people complain about scarcity of dollars...
See...the banks are smart...they've been burnt before...and I daresay they'll be carefull not to get burnt again...

kayfra:
Folks pray and pray hard coz our economy is about to get worse.

Our banks are seriously exposed to the oil and gas sector and are currently sitting on a heavy debt and bad loans that are dollar denominated. Most of our banking liabilities are in dollars. We already know of first banks issue with SeaWolf oil and Atlantic energy. TSA has taken easy government money off the table.

On the flip side, our banks have most assets denominated in naira and the only saving grace is the fake official exchange rate that pegs naira at an artificial value. If CBN devalues naira, to track with the market, i see bank balance sheets going into the toilet. Net liabilities will go high and not a lot of room to write off. AMCON is already in the red with so many debt write offs and it will take a very long time for inflation to catch up. We are headed for a tail spin crisis. Major Murphy's law.

Already, most banks are in distress and it's been a hush hush affair. But the impending devaluation will crash everything.

Am I missing anything?

This is not a PDP vs APC post. Just facts on ground.

I respect your point of view...but i do not totally agree.
Impairments are rising...True
but the banks are also making a killing from exchange rate differentials...
Q3 results of some Tier 1 banks are not as bad as people make them look.

Look out for FY results of Tier 1 banks... Some of them will shock you positively.
Then i know that some banks have already recorded Y-o-Y growth in revenues for Q1 2016 from activities in Jan and Feb alone....

Mate...theres quite a lot going on that you're not aware of

If you have liver and cash...join me as I board access train.

megainvest:
Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

Brother....e be like say you sabi the true reason why Access train go speed up soon... All this reasons na just secondary.. their FY15 result go make sense...**clears throat**
That's all!!

Nosaghae:
A problem shared is half solved hence am sharing mine.
the lines on my palms have been tearing for years now and I don't know what to do.
it scratches like mad. At times it gets swollen and form liquid substance like water.
When I have a hand shake with you, u must ask what happened because u will feel the sharpness. It is worse during dry season. The finger prints scanner could not capture my finger print during MTN sim update.
I have been in this situation for over ten years. I have gone to Central hospital, UBTH and Lela hospital in Benin but could not get result.
Anyone with idea on what to do should PLEASE come to my rescue

What you have is a rare case of skin eczema. It has nothing to do with your blood being infected. Go to Kyutis clinic in Ikoyi... The doctor should give a cream that will clear it out in less than 3 weeks. And it won't cost you much.

deltree:
Hello Siena,
My 2012 VW CC Lux recently had the esp error turn up. It had come on at different points earlier but always went off. This time around it didn't go off and shortly after, abs, traction control, airbags and parking brake lights all come on and haven't gone off since then.

My mech had said it was the abs wheel sensor for the rear right tyre. They swapped it out. Errors went out for a day and returned afterwards.

I ran a scan on the car with Vagcom yesterday. Attached is the scan result.

Please help take a look and advise on what I should be looking at.

Any help would be hugely appreciated.

Hello.... Please can I ask you a few questions on the cc? I intend getting one very soon.
Thanks

stokfrick:
Mansard or aiico which is better to buy now

Be careful with Mansard. Most of their profit is from investments. I shudder to think what their 2015 FY figures will be if they played in energy or equities market..

aaronson:
For some reason, its true, it puts inferiority complex and low self esteem on intending suitors. But the bright side if it is you could attract a well to do man like you with high self esteem but chances are very very very slim, because its a top bottom situation in the africa context whereby a man who made it always seek to marry a women less his success and qualifications for full control.

I disagree... I won't marry a woman who is not at par with me or as ambitious as I am