₦airaland Forum

jamace: I thought i'm the one observing that o. BNSITL please tell us what is behind your shining those teeth, mbok.

u b from aks or cal oga jamace ba

stokfrick: pls what the diff b/w group and company in the above result?

Group refers to the company and all its subsidiary holdings

[quote author=dannywest][/quote]market badt gan....some stl loaded dis @24.98

9free: Information for all BnSiTL who were finding it difficult to trade with morgancapical itrade platform on their android phones/tablets. Please download and install CM(CleanMaster) Browser from playstore and enjoy your RT trading anywhere anytime. No more looking for PC/laptops or going to internet cafe before I can trade on morgan's itrade.
I just stumbled on this today.

chrome browser too is ok

http://www.nse.com.ng/Financial_NewsDocs/LIVESTOCK%20FEEDS%20HALF-YEAR%20JUNE%202014.pdf

nitrogen: Choi! You dey among those I sold to niyen...

and when you buy or sell a stock, you are at that moment simply making a bet with another investor on the future direction of that stock.

Dexterax: @Michael

I won't be too hard on thy soul, not tonight. I understand it's Friday night and a lot of water (or babes and booze) may have passed under the bridge (or....)

@ Michael, crudeoil lifting =crudeoil production... smh

Michael11stock: visit eternaplc.com for what they do, an investor invest into a business.

Eterna Plc, a quoted public limited integrated energy
company engages in the manufacturing and sale of
lubricating oils, importation and bulk/retail sale of
petroleum products including PMS, AGO, LPFO, base
oils, bitumen and export of lubricants/fuels, bunkering,
Gas distribution and marketing (LPG and NG), Offshore
and Onshore oil services, Gas Processing, equipment
supply services and other engineering and technical
services for the energy industry. http://www.eternaplc.com/

Afo1k: http://businessdayonline.com/2014/07/fg-cuts-number-of-companies-licensed-to-import-petroleum-to-27/?utm_source=&utm_medium=twitter#.U7bWiJO3PFo Following is a list of companies licensed to import
petroleum for July to September by PPPRA.
1 A-Z
2 Aiteo
3 Avidor
4 BSR
5 Bovas
6 Conoil
7 Cybernetics
8 Folawiyo
9 Forte
10 Gulf Treasures
11 Hyde
12 Integrated
13 Matrix
14 Mettle
15 NIPCO
16 Oando
17 Rainoil
18 Sahara
19 Shorelink
20 Total
21 TSL
22 Mobil
23 Ascon
24 Hudson
25 Dee Jones
26 Techno
27 Masters

MRS Oil absent

http://businessdayonline.com/2014/07/fg-cuts-number-of-companies-licensed-to-import-petroleum-to-27/?utm_source=&utm_medium=twitter#.U7bWiJO3PFo Following is a list of companies licensed to import
petroleum for July to September by PPPRA.
1 A-Z
2 Aiteo
3 Avidor
4 BSR
5 Bovas
6 Conoil
7 Cybernetics
8 Folawiyo
9 Forte
10 Gulf Treasures
11 Hyde
12 Integrated
13 Matrix
14 Mettle
15 NIPCO
16 Oando
17 Rainoil
18 Sahara
19 Shorelink
20 Total
21 TSL
22 Mobil
23 Ascon
24 Hudson
25 Dee Jones
26 Techno
27 Masters

nitrogen: I am that chemical element of atomic number seven, a colourless and odourless gas that forms about 78% of the the earth's atmosphere.....

where r ur group members bro.....phosphorus, arsenic n co

http://businessdayonline.com/2014/07/fbn-insurance-to-launch-takeover-bid-for-oasis/?utm_source=&utm_medium=twitter#.U7VlbZO3PFo FBN Insurance will launch a bid next week to buy out the
28.8 percent minority stake in Oasis Insurance that it does
not already own, in a deal valued at N 1.03 billion ($6.34
million).
FBN Insurance, jointly owned by Nigeria’s FBN Holdings (65
% ) and South Africa’s Sanlam (35%), acquired a 71.2
percent stake in the motor and fire insurer in February.
It will offer N 0.55 per share to buy the remaining 1.87
billion shares, the company said on Thursday.
The buy-out process opens on July 10 and will last for
three weeks, after which FBN Insurance intends to delist
Oasis from the Nigerian Stock Exchange (NSE).
Shares in Oasis were trading at N 0.50 on Thursday, giving
the company a market capitalisation of N 4 billion.
Sanlam has said FBN Insurance’s acquisition of the 71.2
percent Oasis stake gave it an entry point into the general
insurance sector in Nigeria, Africa’s most populous nation.

Born 2be Rich: Bros post the result na.

k bros.... www.nse.com.ng/Financial_NewsDocs/6565_7UP_BOTTLING_COMPANY_AUDITED_FIN.__FINANCIAL_STATEMENTS_JUNE_2014.pdf

7up result in(pat- 6.4billion)

[quote author=Born 2be Rich]my oga, na true talk... I dey always feel u

oando trading at 22 naira ....

Pls how will the market react to dis unitybank news...

Merry Xmas.......

AMCON TO PUMP N20BN INTO UNITY BANK
Category: Business Published on Wednesday, 25 December 2013 05:01 Written by Kayode Ekundayo, Lagos Hits: 560

Unity Bank headquarters
...Shareholders approve additional N40bn capital injection
Unity Bank is currently holding final discussion with Asset Management Corporation of Nigeria (AMCON) for a N20 billion investment into the bank.
Already the bank is sourcing for additional N40 billion through Special Placement and Right Issues to shore up its capital base which stands at N25 billion.
AMCON was among over 10 investors that had shown their willingness to invest in the bank. The corporation together with another Nigerian company have reached final stage of the deal and the management of the bank is likely to approve the AMCON as the core investor in the bank.
Daily Trust gathered last night that one of the conditions put forward by AMCON was the holding of extra-ordinary general meeting where the board and management would seek the consent of its shareholders before going ahead with the deal. An official at AMCON also confirmed the deal to Daily Trust last night.
The meeting was, however, held in Lagos on Monday where the shareholders endorsed the moves by the board to raise the capital base of the bank either through special placement, right issue, equity or by way of offer for subscription of shares to the general public or by combination of any of the methods at the discretion of the directors at an appropriate price.
Although none of the management or board members made mention of the name of the core investor, Daily Trust reliably gathered that AMCON is pumping into the bank fresh N20 billion through special placement while the balance would go to the shareholders through right issue.
AMCON, it would be recalled, had bailed out Wema Bank with N15.5 billion in 2011.
According to the bank Acting Managing Director, Rislanudeen Muhammad, during the meeting, the bank expects to raise N17 billion from the shareholders while the balance would be released thought Tier-2 capital.
He said the exercise will be concluded by March 2014.
He said the capital when realised would be used on infrastructure, IT and branch expansion.
The shareholders at the extra ordinary general meeting agreed that the 38,446,689,710 issued and fully paid ordinary shares of 50 kobo each in the capital of the bank be reconstructed into 9,611,672,427 ordinary shares of 50 kobo each by converting the 38,446,689,710 issued and fully paid ordinary shares of 50 kobo into stock of N9,611,672,427 and reconverting the stock into 9,611,672,427 ordinary shares of 50 kobo each.
They also agreed that the reconstructed shares be allotted to them in the ratio of one reconstructed ordinary share of 50 kobo each for every four ordinary shares of 50 kobo each previously held by them.
Meanwhile shareholders of Unity Bank Plc have formally launched the bank in a fresh bid to raise about N40 billion additional capital through Rights Issue and Special/Private placement of its shares as part of the bank’s business expansion strategy in the retail segment of the financial market.
This was among the Special Resolutions passed at an Extra-Ordinary General Meeting of the Bank which held at the Grand African Ballroom of the Intercontinental Hotel, Victoria Island, Lagos on December 23, 2013.
The shareholders also gave approval to the directors of the bank to increase the bank’s share capital from N30bn to N60bn by the addition of 60 billion ordinary shares of 50 kobo each. They also approved the reconstruction of the existing shares of the bank and the allotment of the reconstructed shares to shareholders in the ratio of one reconstructed ordinary share of 50 kobo each for every four ordinary shares of 50 kobo each previously held.

Source: http://dailytrust.info/index.php/business/12989-amcon-to-pump-n20bn-into-unity-bank

The Presidency has commenced plans to purchase a brand new aeroplane by making an initial deposit of N1, 520,000,000 for the aircraft. This will bring to 11 the number of aircraft in the presidential fleet.
According to the 2014 budget estimates submitted to the National Assembly last week for appropriation, several new items are to be purchased anew by the Presidential Air Fleet (PAF) under the supervision of the State House.
Other new items listed in the PAF budget are – the completion of hanger project (N405,500,000), tyre bay tools and equipment (N106,000,000), Towberless tow tractor for aircraft towing ( N58,740,000), hanger sweeper (N31,870,000), luggage conveyor belt truck (N28,898,000) and harlan tow tug for aircraft equipment towing (N27,590,000).
Other new items are – CCTV and surveillance equipment (N18,000,000), aircraft tools and equipment (N11,480,000), battery workshop equipment (N5,050,000), complete tool box for general works and vehicles (N360,000), heavy duty crocodile jacks (N300,000), aluminum ladder (N285,000), safety boots (N52,500) and foldable ladder ( N50,000).
In 2012, there were plans by the Presidency to acquire two planes and presently the aircraft in the PAF are – two Falcon 7X jets, two Falcon 900 jets, a Gulfstream 550, one Boeing 737 BBJ (Nigerian Air Force 001 or Eagle One), and a Gulfstream IVSP, one Gulfstream V, Cessna Citation 2 aircraft and Hawker Siddley 125-800 jet.
It is estimated that each of the Falcon 7X jets purchased in 2010 cost the nation, $51.1 million, while the Gulfstream 550 was purchased for $53.3 million.

Source: http://thenationonlineng.net/new/2014-budget-presidency-to-deposit-n1-5bn-for-11th-aircraft/

Unity Bank to raise N38bn through special placement
December 23, 2013 | Filed under: main story | Author: Editor
Shareholders of Unity Bank on Monday approved the bank’s plan to raise over N38 billion through special placements or rights issue.

The shareholders gave the approval at the bank’s third Extra-General Ordinary Meeting (EGM) held in Lagos.

Specifically, they mandated the board and management of the bank to increase Unity Bank’s share capital from N30 billion to N60 billion.

They also authorised the directors to raise additional capital through the issuance of 40 billion ordinary shares at 50k through special/private placements.

The shareholders authorised the directors to explore other steps such as mergers and acquisition or any other form of business combination for the purpose of raising capital.

They also endorsed that the 38.45 billion issued and fully paid ordinary shares of 50k in the capital of the bank be reconstructed into 9.61 billion ordinary shares of 50k.

The shareholders also approval the allotment of one new share for every four already held by existing investors.

Mr James Henry Semenitari, the bank’s Non-Executive Director, said that the fund raising would create new businesses for the bank.

Semenitari said that the bank had been restructured and transformed to do business in more robust ways in the years ahead.

“We know the importance of capital and that’s the essence of the recapitalisation exercise and we hope to raise over N38 billion,” he said.

Semenitari said that the bank’s major goal was to emerge among the top five banks operating in the country in the next couple of years.

The non-exective director also expressed optimism that the recapitalisation would be oversubscribed, noting that the excess monies would be absorbed by the bank.

He said that the bank’s future growth would be driven by people, process and proceeds, adding that the bank would encourage indigenous businesses.

Source: http://businessdayonline.com/2013/12/unity-bank-to-raise-n38bn-through-special-placement/?utm_source=&utm_medium=twitter

A total of 836 teachers have been sacked by the Edo State Government following a verification exercise carried out by the department of Information and Communication Technology.
The affected teachers learnt of the sack when they discovered that their names were missing from the December salary voucher.
Those sacked were found to have overstayed, mentally unstable, physically blind and have falsified their age and credentials.
A man who gave his name as Osahon said his wife was affected.
The state Commissioner for Basic Education, Patrick Aguinede, who confirmed the sack, said those affected were certified by the ICT after the screening.
He said those that have overstayed in service gave a scenario that the state government could not recruit new teachers.
“The teachers were found to have stayed above 35 years. Some were physically blind, some manipulated their results and age which later showed they finished school before they were born,” the commissioner stated.

Source : http://thenationonlineng.net/new/edo-sacks-836-teachers/

Special Adviser to the Nigerian President on Media and Publicity, Doctor Reuben Abati, has further lent his weight on President Jonathan’s reply to the open letter written by former Nigerian leader, President Olusegun Obasanjo.

He said that there is something abnormal for a former president to be writing a letter criticizing the administration that just succeeded his.

Speaking in an interview with Channels Television on the allegation of corruption and training of snipers, Abati said that though criticism was one of the burdens of leadership, “those who criticise the administration should not do such out of malice”.

Doctor Abati said that the job of a sitting president was hard enough that he should not in any way be distracted by unfair criticisms.

Mr Obasanjo had written an 18-page letter entitled ‘Before It Is Too Late’ to the Nigerian president, Goodluck Jonathan, raising issues related to security, politics and corruption, among others.

The letter, described as ‘weighty’, garnered mixed reactions, with the presidency describing it as ‘self-serving and highly provocative’.

In the letter, Obasanjo alleged that President Jonathan was training snipers to target oppositions, as he pursues his second term in office.

President Jonathan denied the allegation.

Critics said the writer, Obasanjo, lacked the moral standard to write such a letter while some said that the message should be considered and not the messenger.
Source: http://www.channelstv.com/home/2013/12/23/obasanjos-letter-is-abnormal-reuben-abati/?utm_source=&utm_medium=twitter

The eighth reason is that it appears that your letter
was designed to incite Nigerians from other
geopolitical zones against me and also calculated
to promote ethnic disharmony. Worse still, your
letter was designed to instigate members of our
Party, the PDP, against me.
The ninth reason is that your letter conveys to me
the feeling that landmines have been laid for me.
Therefore, Nigerians need to have my response to
the issues raised before the mines explode.
The tenth and final reason why my reply is
inevitable is that you have written similar letters
and made public comments in reference to all
former Presidents and Heads of Government
starting from Alhaji Shehu Shagari and these have
instigated different actions and reactions. The
purpose and direction of your letter is distinctly
ominous, and before it is too late, my clarifications
on the issues need to be placed on record.
Let me now comment on the issues you raised. In
commenting I wish to crave your indulgence to
compare what is happening now to what took place
before. This, I believe, will enable Nigerians see
things in better perspective because we must know
where we are coming from so as to appreciate
where we now are, and to allow us clearly map out
where we are going.
You raised concerns about the security situation in
the country. I assure you that I am fully aware of
the responsibility of government for ensuring the
security of the lives and property of citizens. My
Administration is working assiduously to overcome
current national security challenges, the seeds of
which were sown under previous administrations.
There have been some setbacks; but certainly there
have also been great successes in our efforts to
overcome terrorism and insurgency.
Those who continue to down-play our successes in
this regard, amongst whom you must now be
numbered, appear to have conveniently forgotten
the depths to which security in our country had
plunged before now.
At a stage, almost the entire North-East of Nigeria
was under siege by insurgents. Bombings of
churches and public buildings in the North and the
federal capital became an almost weekly
occurrence. Our entire national security apparatus
seemed nonplussed and unable to come to grips
with the new threat posed by the berthing of
terrorism on our shores.
But my administration has since brought that very
unacceptable situation under significant control.
We have overhauled our entire national security
architecture, improved intelligence gathering,
training, funding, logistical support to our armed
forces and security agencies, and security
collaboration with friendly countries with very
visible and positive results.
The scope and impact of terrorist operations have
been significantly reduced and efforts are underway
to restore full normalcy to the most affected North
Eastern region and initiate a post-crisis
development agenda, including a special
intervention programme to boost the region’s
socio-economic progress.
In doing all this, we have kept our doors open for
dialogue with the insurgents and their supporters
through efforts such as the work of the Presidential
Committee on Dialogue and the Peaceful Resolution
of the Security Challenges in the North-East. You
also know that the Governor of Borno State
provided the items you mentioned to me as carrots.
Having done all this and more, it is interesting that
you still accuse me of not acting on your hardly
original recommendation that the carrot and stick
option be deployed to solve the Boko Haram
problem.

Afo1k: Sahara news

By Goodluck Ebele Jonathan
December 20th 2013
His Excellency,
Chief Olusegun Obasanjo, GCFR
Agbe L’Oba House, Quarry Road,
Ibara, Abeokuta.
RE: BEFORE IT IS TOO LATE
I wish to formally acknowledge your letter dated
December 2, 2013 and other previous
correspondence similar to it.
You will recall that all the letters were brought to
me by hand. Although both of us discussed some of
the issues in those letters, I had not, before now,
seen the need for any formal reply since, to me,
they contained advice from a former President to a
serving President. Obviously, you felt differently
because in your last letter, you complained about
my not acknowledging or replying your previous
letters.
It is with the greatest possible reluctance that I now
write this reply. I am most uneasy about embarking
on this unprecedented and unconventional form of
open communication between me and a former
leader of our country because I know that there are
more acceptable and dignified means of doing so.
But I feel obliged to reply your letter for a number of
reasons: one, you formally requested for a reply and
not sending you one will be interpreted as ignoring
a former President.
Secondly, Nigerians know the role you have played
in my political life and given the unfortunate tone of
your letter, clearly, the grapes have gone sour.
Therefore, my side of the story also needs to be
told.
The third reason why I must reply you in writing is
that your letter is clearly a threat to national
security as it may deliberately or inadvertently set
the stage for subversion.
The fourth reason for this reply is that you raised
very weighty issues, and since the letter has been
made public, Nigerians are expressing legitimate
concerns. A response from me therefore, becomes
very necessary.
The fifth reason is that this letter may appear in
biographies and other books which political
commentators on Nigeria’s contemporary politics
may write. It is only proper for such publications to
include my comments on the issues raised in your
letter.
Sixthly, you are very unique in terms of the
governance of this country. You were a military
Head of State for three years and eight months, and
an elected President for eight years. That means
you have been the Head of Government of Nigeria
for about twelve years. This must have,
presumably, exposed you to a lot of information.
Thus when you make a statement, there is the
tendency for people to take it seriously.
The seventh reason is that the timing of your letter
coincided with other vicious releases. The Speaker
of the House of Representatives spoke of my “body
language” encouraging corruption. A letter written
to me by the CBN Governor alleging that NNPC,
within a period of 19 months did not remit the sum
of USD49.8 billion to the federation account, was
also deliberately leaked to the public.

Sahara news

...

just saw dis on Morgan capital group website...... :
0% brokerage fees for ALL our clients during Xmas period; from 8am on 23rd December, 2013 to 5pm on 5th January, 2014. We wish you a Merry Christmas and a Prosperous New Year. Use this opportunity to re-balance your portfolio and take strategic positions for the New Year. Our fees shall be reset to 0.25% from 8am 6th January, 2014, and shall remain so throughout the year. We remain true to our mission of leading the Global Investment path to Africa. "

Newton's third law of motion........

miftpulse: . Oga, please what was the indemnity bargain for porting and how was it done

Sowie, I opened anoda a/c wit Morgan capital group not that I transferred my a/c wit cashcraft to m.c.group.

debostar: Cheap things are not always good.Morgan capital group my have dropped down their stockbroking fees,their services is absolutely rubbish compare to other stockbroking firm like meristem securities.They do not respond to emails or acknowledge your orders or mandate.
If you are thinking of making a choice between morgan and meritrade,you better try meristem securities.
I am not canvassing for meritrade but I am using both at the moment.

......anyway Morgan capital group services r still okay, they reply my emails on time , send daily pricelist to my email id before 5pm each day n they ve also executed my orders the very day I placed them..u can even chat with them on bbm . since I ported from cashcraft to Morgan capital group, no regret so far