Do you guys think it is right time to buy oando or transcorp stocks now that the price have declined.


July 15 (Lagos) - While the free fall in Nigerian stocks is affecting almost all stocks listed in the Country few stocks are getting hammered as badly as OANDO (N 12.1 per unit) and TRANSCORP (N 2.08 per unit). Both stocks hit fresh 1 year low price today.


Both OANDO and TRANSCORP have lost more than 15% in the past 2 trading sessions. While the decline in TRANSCORP has to do with less than impressive results released by the Company (PAT of N 4.28 billion for Q2), the decline is OANDO is not really down to any particular factor.



There are other oil and gas stocks which rose today like FO (by over 8%) so its hard to say that OANDO is declining because of crude oil price outlook.


OANDO exited the downstream business last month when it sold majority stake in the business. This was a move that analysts liked and expected the stock to respond positively.



All those expectations have gone for a toss and any investors have been left holding the bag.



http://www.easykobo.com/News.aspx?id=10064

sorry but I fixed it was copying from that website

This an interesting article I came across talking about how CBN can strengthen the Naira and avoid blocking Naira debit cards abroad.




July 7 (Lagos) - CBN has directed banks to block any international transaction on a Naira based debit/credit card or face fines. This is just 3 months after it reduced the limits on foreign transactions.



Obviously the CBN is desperate to protect the Naira value which is going down the drain everyday. Naira hit 230 against the USD on the BDC market today and some people are even calling it a recovery that's how bad it is.



So is the CBN missing the point that Naira is not going to be saved by such gimmicks which instead of saving foreign exchange make it difficult for Nigerians to travel abroad and force them to go to the black market to source for foreign exchange. The CBN is actually promoting black market by blocking usage of debit cards abroad. Some are expecting that CBN will soon stop western union transfers abroad in another step to protect the Naira.




Meanwhile there is a much better alternative that the CBN can use to start strengthening the Naira and it is a tried and tested method that works every time.



Increase the benchmark lending rate. It is currently at 13% and it is clear that this rate has to go up in order to make savings attractive in Nigeria.







Many banks are offering savers just 2-3% interest on savings so why would somebody save in Naira when the currency is going to de-value by 20-30% every 3-4 years?



Increasing the key benchmark lending rate to say 20% will make Naira stronger overnight. May be that is the bitter pill that the CBN needs to feed us instead of these irritants like you cant use debit card abroad.



Yes you may say that such a move will have many repercussions. It will make borrowing more expensive for businesses and individuals and may lead to inflation in short term. But on the other hand it will lead to more savings and the currency will get stronger. That is the call of the hour and the CBN should act when it still can and not when Naira has reached 300 because it will get there very soon unless CBN does something.



And once the Naira has become stronger, the new government has replenished lost reserves, the benchmark lending rate can be reduced to a more acceptable level. This is what Russia did just last year and this is what most countries do to strengthen or weaken their currencies. Even the legendary CBN governor Lamido Sanusi was quick to raise the benchmark lending rate to 12.5% in October 2011 when Naira experienced extreme shocks and he was able to protect the currency by that means.




In my opinion the CBN Governor needs to consider such a proposal as written in this article. If he continues to back the ongoing proposals then the calls for his ouster will only become louder. We need a CBN Governor (think Lamido Sanusi) not a dictator who decides ad-hoc when we can use our atm card.





reporting for easykobo.com on Tuesday, July 7 2015 from Lagos, Nigeria










This was an opinion of a private analyst who wants to remain anonymous.






http://www.easykobo.com/News.aspx?id=10046

Sep 23 (Lagos) - Fairfax Financial Holdings Limited, a Canadian insurance company will acquire Blackberry for $ 9 a share in a deal worth 4.7 billion US Dollars. Trading of Blackberry shares was halting today afternoon at the Toronto Stock Exchange just before this was announced.





Fairfax Financial is a holding company whose primary business is in insurance. Fairfax is also BlackBerry's largest shareholder. It is led by billionaire Prem Watsa, a chemical engineer by training who has run the firm since the mid-1980s.





The announced deal comes only three days after BlackBerry pre-announced dismal second-quarter results, including plans to write down almost $1 billion in unsold phone inventory and layoff 40% of its employees. That news sent the stock down 17%.


Source - http://www.easykobo.com/News.aspx?id=1774



[size=18pt]SO WHATS YOUR PIN?[/size]

We all know what is Twitter. They just filed for IPO according to this article.
http://www.easykobo.com/News.aspx?id=1761

and goldman sachs is their underwriter for the IPO.

So Nairalanders, if you had a chance, would you buy Twitter shares? Me I no get money.

Both of them are good. and also the new hotmail is very good.


1) GMAIL
2) YAHOO
2) HOTMAIL

When it comes to Insurance you have to go with experience and long term service. And I would say the best Insurance company in Nigeria going by the sheer size is AIICO Insurance Plc. and that Leadway is equally good.



But I would go with AIICO because AIICO is public listed company and in that sense, it is larger than Leadway.



Also AIICO is based in V.I business district. very good location.

Sep 3 (Lagos) - Microsoft announced that it will bid to buy out Nokia's devices business for $ 7.3 billion and look to complete the deal by the first quarter of 2014. Microsoft is desperate to catch up to Apple and Google in the phone business where it was late to enter the market.





Apple's Iphone and Google's android software control more than 90% of the smart phone market.
Nokia was once the world leader in mobile phone business but has been left behind by Apple's iphone and Samsung phones running on Google's android software. Nokia currently controls less than 6% of the world's smart phone market.






Nokia is also being pushed to the limit in its feature phone business which was once the mainstay of their business especially in countries like India and China where low cost mobile phones outpace the demand for high end smart phones. But even in those markets, Nokia is facing competition from low end sansung phones as well as a range of new companies like micromax, karbon phones and other economic phone options from China that run on Google's android software.






Recently Nokia changed its strategy by focusing on Lumia phones which start from $ 99 in USA and go upto $ 1000 for the latest Nokia Lumia 1020 without a contract. The demand for Nokia Lumia 520 has surged but it has led to a reduction in average selling price which is a negative for the company.





Microsoft will buy the device section of Nokia and hope to catch up to Apple and Google is race for smart phone ecosystems where is badly lags behind.





Nokia will concentrate on its mobile infrastructure business earlier known as Nokia Siemens Network before Nokia bought out Siemens stake in the joint venture earlier this year. Nokia will also focus on its location based services named 'here' which is used in facebook maps as well as in various other applications.





Today's announcement sent shares of Nokia up by more than 40% in pre market trading at the New York Stock Exchange. While this is good news for recent new shareholders, it will not bring joy to long term shareholders of Nokia who have seen their holdings diminish greatly over the past 3 years. Microsoft shares are lower by 5% today as some analysts are calling this move by Microsoft a 'doubling down on a mistake'.





Nokia's current CEO, Mr. Elop will leave Nokia and re join Microsoft. Bookmakers have him as a favorite to replace outgoing Microsoft CEO Steve Balmer who resigned last month.





When the dust settles, the shareholders of Nokia will be left wondering about the outcome of their investments had Nokia adopted Google's android software instead of Microsoft windows software. They will never know the answer to that.




Source - http://www.easykobo.com/News.aspx?id=1752

arsenal fans. lol.

good match today. EPL is back.

Mr. Chinedu Joseph Ezengige, a 400 level student from University of Nigeria, Nsukka has won the Nigerian stock market competition on the easykobo financial website.


August 17 (Lagos) - As we all know that the season 2 of the Nigerian stock trials was won by a player named 'INVESTEM LTD' on easykobo. It is now time to reveal the person behind the name and also how he did it. It is no small achievement to earn a Return on Investment of 406% in 5 months and become the most valuable player amonth thousands of people who took part in the season 2. So here is Investem Ltd in his own words.


Who is "INVESTEM LTD"?

My name is Chinedu Joseph Ezengige, I am a 400 Level student of University of Nigeria, Nsukka in Department of Pharmaceutical science. I discovered easykobo.com when I was looking for a website that will be giving information about Nigeria stockmarket and business news,via google search engine. So latter I discovered that easykobo is offering stock trial 'free', that was in season 1, I didn't participate because it was late for me then. So in the season 2 I decided to give myself a trial.

So how did you win the stock trials? did you use any investment strategy? How did you get a return of 406% in such a short period of time?

I registered in January ending,and started trading with initial N50m. I made sure that I search for news about companies; their results, dividend, bonuses on the internet, newspaper, other sites apart from easykobo. I started making some gains, I think I bought oando then. Later I switched to penny stocks, like PRESTIGE, COURTVILLE , IKEJAHOTEL , CUTIX , ABCTRANS , e.t.c. I used strategy of buy and sell,taking profit when necessary while at same time employing warren Buffet method of concentration of cash-this really gave me what I wanted,making millions daily and pushed to top 3, fighting for top spot with RAMJAS10,1himself since then, I didn't drop beyond top 3. Although I lost sometimes, but normally cut my loses as quickly as possible.

Have you learnt something from the Easykobo stock trials?

I have learnt a lot from the stock trial, I have learnt the price movement of many stocks, how concentration works, when to enter and when to exit. How news push market price e.g FO ,CONOIL ,MRS , PREMIER PAINT ,LIVESTOCK . Finally i must say that it is very interesting experiment and I'm looking forward for another season.

What message do you have for fellow investors out there in Nigeria?

I here by encourage general public to have open mind to participate and learn,since it is free.another thing is that many people are not aware of this oportunity ,some are scared about 419 especially in the South East.my advice for easykobo is that you need to create more public awarness,i saw on the internet about this in the nations newspaper 2012,but more awareness need to be created.

Why did you choose a name like 'INVESTEM LTD"? Are you an Investment company?

I chose user name " InVestém ltd " because i have passion for investment,business and industry, I'm dreaming of mine in future...InVestém ltd (winner easykobo stock trial season 2).

Congratulations to you Investem Ltd and wish you all the best with your dream of building an investment firm named INVESTEM LTD.

So there you have it directly from the winner of the stock trials. Now let us take a look at his trades and see all the great trades he made over the course of the stock trials season 2.

this link also shows all his invesment trades, what he bought and sold. You can see for yourself and hopefully learn something from it. http://www.easykobo.com/News.aspx?id=1733

Facebook, the leading social network has just posted results for its second quarter. It made N 288 billion, i was reading this and it made me question can nigeria's top website Nairaland match facebook one day? even if not 288 billion habba. maybe oga on top will like to answer. is it possible?





July 24 (New York) - Facebook Inc jumped more than 15% in after hours trading after beating analyst expectations for second quarter. Earnings per share of 19 cents per share beat analyst expectations of 14 cents per share.





Revenue for the quarter increased to $ 1.8 billion ( N 288 billion) beating all analyst expectation of $ 1.62 billion revenue.





Shares closed today at $ 26.51 per unit in New York. Company reported earnings after the market close and its price increased to $ 30.76 in after hours trading, an increase of almost 16%.





Revenue from mobile ads increased 30% from first quarter.





Net profit for the second quarter is $ 333 million ( N 53.2 billion).





http://www.easykobo.com/News.aspx?id=1700

July 17 (USA ) - PayPal Inc, a major online money-transfer company, has accidentally credited a man in Delaware, USA with $92,233,720,368,547,800, making him by far the richest man in the world. Thats N 14,895,745,839,520,500,000 paid into the man's account at exchange rate of 161.50




Chris Reynolds, 56, said he was shocked when he received his monthly statement via e-mail from PayPal last week, with an ending balance of $92 quadrillion, over a million times richer than the world's richest man, Carlos Slim.




The fortune of Slim, a Mexican telecommunications mogul, would pale in comparison at a mere $73 billion.






"I'm just feeling like a million bucks," Reynolds was quoted as saying by the Philadelphia Daily News. "At first I thought that I owed quadrillions. It was quite a big surprise." He also said that if the money was real, he help pay down the national debt of USA using the money.







Paypal Inc. acknowledged that this was an error and has offered to donate an unspecified amount to a cause of Reynold's choice.





http://www.easykobo.com/News.aspx?id=1677

they must arrest the guy who did that.

natasha: I will tell you that jobs are hard to come by, so also is keeping a job. There isnt an easy job. Even oil/banking/political jobs have alot of stress attached to it. If you are complaining that you work in the rain and sun (yet you hv a guaranteed income montgly irrespectively of your target met) i am sorry to say this; you are LAZY. Very lazy and a typical epitome of the nigerian graduate who feels the world owes them the right to a cushy, well paying stress free job.
Do you know how many hours the kids who hawk water/buns etc put in daily even at the weekends all for a meagre 200# naira at the end of the day? In the rain, sun, cold, they endure daily hazards like people stealing their wares, sexual harrassments from all sorts, injuries from feckless drivers.
Let me give you examples of life in d uk, there are people who work odd jobs in freezing conditions (-4 degrees typical weather condition for my city) here and end up sleeping on a couch at the end of the night just so they can save up and send money to take care of their responsibilities back home as well as meet the demands of extended family members/relatives like you.
I would advise you to suck it up, man up, stop acting like a spoilt child and learn to be thankful that you have a job despite your little work experience instead of conplaining that they didnt give you a car. Do you think its cheap maintaining a car? You need to stop this attitude of self entitlement and change your mentality. For someone who has already earned 600k in 6 months and cant boast of a 5% savings na wa o. Afraid she is catching me (as sum1 i know wld say).
Take what u can if u can from my words and i wish u well.

yes

i like dresses

Nokia has introduced a 41 megapixel camera.

Just for comparison.

Iphone5 = 8 megapixels

Samsung S4 = 13 megapixels.


NOKIA Lumia 1020 = 41 Megapixel.



So would you buy this phone?




its $ 300 in USA so in Naija we can expect 135K? going by price of Iphone 5.



I dont work for Nokia, but my 3310 was the best phone ever and it did not even have camera.



source - http://www.easykobo.com/News.aspx?id=1672