₦airaland Forum

buy skaei bank

FastShipping:
No.

Thanks. What modes of payments do they accept from Nigeria?

Does Copart accept payment via Gtbank Mastercard?

mercylicious:
I just dey vex.

Buhari has killed NSE.
7 wasted months!

Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

The award for the trap finder goes to.....

Growth rate set to slow to 16-year low of 3.3% as oil falls
Naira policy is biggest concern, Citigroup analyst Howell says
When Muhammadu Buhari clinched victory in Nigeria’s presidential elections in March, stocks soared as investors looked to the former military ruler to reverse decades of economic mismanagement and policy inertia. Now hopes have fizzled in his ability to turn around Africa’s largest economy and oil producer.
Money that flowed into stocks and bonds in the West African nation, which McKinsey & Co. says could become one of the world’s 20 biggest economies by 2030, is now fleeing as growth prospects diminish along with oil prices. While Buhari, 72, has prioritized stamping out the graft that has plagued Nigeria since independence from Britain in 1960, policy-making appears as uncertain and haphazard as ever.
“After the initial euphoria, people have become disillusioned,” Ayodele Salami, who oversees about $500 million of African equities as chief investment officer of London-based Duet Asset Management Ltd., said by phone. “He would probably say that he’s being deliberative and cautious. But we expected more.” Duet’s Africa fund has cut its investments in the country to about 24 percent of the total from 38 percent in the last year.

Buhari waited five months before naming his cabinet, hasn’t proposed a clear plan to revive growth and backed foreign-exchange controls aimed at defending the naira. His retention of gasoline subsidies, plans to raise spending in the face of declining revenue and silence about a $5.2 billion fine levied on mobile-phone operator MTN Group Ltd. have added to investor unease.
Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded.

To be sure, Buhari inherited depleted government coffers and a bureaucracy that multiple probes have blamed for looting billions of dollars of oil revenue. The president has said he delayed appointing ministers because he needed time to vet suitable candidates.
Garba Shehu, a spokesman for Buhari, didn’t immediately respond to written questions after requesting they be sent that way.
The hiatus has compounded the pain caused by the slide in the price of crude, which accounts for two-thirds of government revenue and 90 percent of export earnings. Growth, which averaged 6.3 percent annually over the past decade, is set to slow to a 16-year low of 3.3 percent this year, according to the median estimate of 15 economists surveyed by Bloomberg.
Many filling stations ran dry this month as the government withheld fuel subsidies to suppliers, preventing them from restocking. Lengthening lines forced Buhari to ask lawmakers for permission to pay 413 billion naira ($2 billion) in overdue payments, an amount that hadn’t been budgeted for.
While next year’s budget has yet to be finalized, Buhari wants to raise spending by 56 percent, according to a person who attended a briefing on the government’s plans and asked not to be identified because the matter is private. Vice President Yemi Osinbajo says the government plans to spend its way out of a slowing economy and that an infrastructure fund will be created with public and private financing.

The penalty imposed on MTN’s Nigeria unit last month for failing to register about 5 million subscribers may be an attempt to plug the hole in government finances, according to Cobus de Hart, an economist at NKC Independent Economists.
“You cannot deny there might be a fiscal element to the massive fine,” he said by phone from Paarl, near Cape Town. “It will make investors a little bit more wary of investing in Nigeria.”
An even bigger concern for many investors is the authorities’ naira policy. The Central Bank of Nigeria, with Buhari’s backing, has burned through $4.3 billion of reserves this year and choked off supply of foreign exchange to banks and their customers to defend the naira, even as major oil exporters such as Russia and Colombia have let their currencies slide. The restrictions prompted JPMorgan Chase & Co. to remove Nigeria from its local-currency emerging-market bond indexes, tracked by more than $200 billion of funds, in September, triggering a selloff in the nations’ assets.
While the naira has been all but fixed at about 198 to 199 per dollar since March, forward prices suggest it will drop by almost one-fifth, to 243.5, in a year.

“The number-one issue is the exchange rate,” Andrew Howell, a Citigroup Inc. frontier markets strategist, said from Lagos. ”Access to foreign exchange is becoming a widespread problem.”
Nigerian Breweries Plc, the nation’s biggest brewer, controlled by Heineken NV, said it takes two weeks to obtain dollars to pay for its imports, twice as long as it took a few months ago.
Buhari has won plaudits from leaders including President Barack Obama for his efforts to tackle graft. He replaced the management of the state oil company, which was accused of withholding billions of dollars from the government, and has stepped up the fight against an insurgency being waged by Islamist group Boko Haram.
“The degree of transparency we’re starting to get with the new administration is hugely positive,” Douglas Rowlings, an analyst at Moody’s Investors Service, said in an interview in Lagos. “It gives investors the perception that operating in Nigeria will now be done following proper procedures.”
Jan Dehn, head of research at Ashmore Group Plc, which oversees almost $60 billion of emerging market assets, remains unconvinced that Buhari is up to the job. The fund manager sold all its Nigerian government debt in the past year.
“So far the Buhari administration has done all the wrong things,” Dehn said by phone from London. “Not only has he been incredibly slow in taking any action, when he finally has taken action on the economic front it’s been diametrically opposed to sensible policy. That is a major disappointment given expectations prior to his election.”



http://www.bloomberg.com/news/articles/2015-11-26/buhari-bounce-becomes-bust-as-nigeria-policies-annoy-investors

favoredgal:
Ambulance Will then rush them to the closest hospital and they will spend even more in the name of checks and monitoring

Why come to the us to do alaroro, they should go and look for a birthing centre if cost is that much of a big deal

I warned them against it ooo. Which one be birthing center o

My friend's husband is a doctor. They both got visa to give birth. Now d husband said he will deliver baby himself and call the ambulance. So no cost of delivery.

Stocks will go down. Stocks will go down.

This never do well that you wont see when the stocks are down well. Their blood only get hot when stocks are doing badly. Is it your father's money im investing?
To hell with you and your postulations. This month I have invested 2 million by December I add another 2.5million.
Do me a favour go and hug a transformer. Bigass said so.

If a grasscutter wakes up only to check if there are traps on the way to the farm, one day it will see leaves and trees as trap to the farm.

angelo5uk:
Lies... Who this idiots dey deceive.
I've been in the US for two weeks now... Light never blink talkless of say NEPA wan off light.

If in this 21st century Naija still can't solve it's power supply problem and offer Nigerians 24hrs power supply then we're not ready for development in this country.

Because power supply is the bedrock of a civilised nation

May God punish all our leaders.. Both past and present. Jonathan and Buhari inclusive.

This is a typical objective comment of someone who travels away from this scrap yard called Nigeria.

Cheap data is causing problems on this forum

Instead of us praying for a better economy some are happy oando is selling very low.

Chibuking81:
oando is currentl at #5.87 fullly offer no single bid, abi you want try?, heading to #4. some stocks are holding some jijo group hostage, some want to jump out, but no way.

Sit down. Grab a cup of water and think about the reasonableness of this post.

Oando should be 1.50k as Forte Oil should be 290

Details later

Kyase:
Jijors kist
The over all Boss don't have the right abi?
Even the courts are answerable to him

No. The courts are not answerable to him. We have 3 independent arm of govt

Only the Courts can order an arrest via issuance of arrest warrants.

President Buhari should do things right.

The President does not have the power to order an arrest of anybody. Its only the Federal or State high court that can order an arrest.

Ok. What if Dan Ali was a bloody civilian. What if Dan Ali is the is the current president.

Roads fall under ministry of works not transportation

Thief of a man.

Why can't he enter Sosoliso airline. Why does he need a Private Jet? Private Jets from Lagos To Benin. I only pity his gullible church goers who sees this lover of money as god.

In the last days ....get thee behind me you workers of iniquities.

Marvinspeed:
@Op you're wrong on a fact here, check Nigeria's GDP. According to the world bank we are ranked no 22 economy in the world and 1st in Africa. Nigeria has had a growth rate between 5%-7% within the last 5years. Get your facts right.

There's difference btw GDP per capita and Total GDP

Hahahahha.

Agbalowomeri:
Bigass is back! She almost fainted courtesy Oando

hahahaha. I was on 4 different mountains,went to redeem camp praying against monumental loss. But it didn't work!!!. Until I heard God's voice saying. .."My Daughter, stock market is not for the faint hearted and it is one affairs of men I do not interfere".

So right now I am looking for money doublers to help me reduce my loss

Chibuking81:
OK thanks, I bought some unit of FBNH through CSL stock broker, but when I wanted to do that through Morgan, no link to do that. Please does it mean that one can not be able to use Morgan to buy FBNH, Zenith and Dangcem since they are under premium board.

Why not, you can. Go to board/market segment click and scroll down to premium.

angrybull:
Definitely it should be seen as one in your cscs account portal. I think the account you have with your broker is investors account not cscs account number. You should have only one CHN number which will help cscs to sychronize you account in cscs online portal

NO. It's only your registrar that will see your stocks with different CSCS but same CHN as belonging to one person

Chibuking81:
Good morning this morning to all, please is MTN listed in the Nigeria stock exchange? Also in the Morgan capital real time online trading platform, no FBNH in buying selling position, please any idea of the cause?

No MTN is not listed on NSE. they are here to make money and move their loot to south Africa. FBNH is under premium board with Zenith and DangCem.

STENON:
I stopped reading this post immediately I read that the hospital was a Government Hospital in Osun state.

Can any good things( e.g. Education, Health) come frm Osun State?

not osun lagos state alimosho

Really

ileman:
Just thinking; if the proposed rise in electrical tariff will affect "transcorp" shares positively?

No

Hiw much is Oando. Transcorp and skyebank