Elai147:

I don call my yeye broker since but dem no agree. Still observing...

I call my own too yesterday..the guy sef dey confused sotay im dey yarn dust..i don tell am make dem make up their mind cos by nov-dec i want to pump some fresh cash in..will call him again this week for feedback

Victorygold: @born 2be rich, pls I need ur help. Give me the contact of a sure stock brocker, and advice me on what †̥☺ invest 5000 naira on.

I am not sure if any stock broker will open an account with N5,000..I believe the minimum amount to open an account is N50,000 to invest with..

You can try meritrade : https://www.meritrade.com/

It allows you to order a buy or sell mandates in the stock market..

Others are Zenith Securities and BGL..

However, Morgan capital has slashed their brokerage fees so you can make more enquiries on thier website.

Then for more insight on stock market analysis always visit this forum and the SMN forum @ www.stockmarketnigeria.com

For stock market news and updates visit www.proshareng.com

For free stock market stimulator trials visit www.easykobo.com

I will advise you go through the beggining of the forum for thorough updates about the stock market and how it works.

Happy investing bro.

TWO of the major oil majors operating in the Niger Delta area have been indicted of entering into corrupt transactions with the jailed former governor of Delta State, Chief James Ibori.

Chevron and Shell were indicted of refusing to produce written statements to back up the payments they said were made to MER Engineering, a company linked to Ibori.

Southwark Crown Court was also told at the on-going hearing that the former governor had a cash balance of N425,000 at hand and his account with a bank on Victoria Island was overdrawn by N1.2 million when he assumed office as governor in 1999.

Crown prosecutor, Sasha Wass and prosecution witness, detective constable Peter Clark, made these revelations at the hearing on Ibori’s case.

Ivan Krolick, who is defending Ibori, was rounding off his cross-examination of Clark and had been contending the claims that the former governor’s source of wealth was from corrupt practices in his position as governor and that both Shell and Chevron must have also aided Ibori in corruptly enriching himself during his eight-year tenure the state’s governor.

Krolick, who had earlier in the hearing submitted that Ibori was running a thriving business prior to his first term in office in 1999 and must have acquired some of his wealth therein, then asked Clark if he doubted Ibori’s claims that he rented out two or three houseboats – through his company, MER Engineering – to both Chevron and Shell, the witness said he didn’t know if the claims were genuine or not.

Krolick asked : “Are you saying there were no houseboats?” Speaking from the witness box, Clark replied: “I don’t know.” When Krolick faulted Clark’s claims, the latter said it was because: “Chevron refused to produce witness statement.”

But Krolick was quick to point to the fact that Chevron handed: “bundles of evidence – invoices,” to Clark’s colleagues who went over to the area to interview representatives of the oil majors. Clark compounded Krolick’s worries by saying he doubted whether Chevron is actually a reputable company – as far as their operations in Nigeria is concerned. An almost frustrated Krolick told the police detective: “I think I put it to you that they are a reputable company, you didn’t agree.” Clark responded: “the dealings that go on in the Niger Delta are murky.”

Responding further to Krolick’s questions, Clark noted again that, “when Chevron were approached if they would produce a witness statement – backing the payments to MER Engineering – they refused.”

Krolick then asked a direct question on the invoices allegedly used by Chevron to pay MER Engineering for the houseboats, “are you saying they are not genuine and that they were fabricated?” Clark didn’t hold back as he answered with: “I believe the contracts with Chevron were corrupt.” But “what about Shell?” Krolick asked. “All I know is that no oil company involved in transactions with MER Engineering was prepared to produce statements.”

After Krolick had rounded off cross-examining Clark, Wass then stood to re-examine the witness and she told the Judge, Anthony Pitts, that she was going to start by addressing the issue of “where Mr. Ibori got his money from.” Citing page 41 of one of the prosecution bundles of evidence, she revealed that according to the Code of Conduct declaration of Assets, which Ibori produced in 1999, among others – six plots of land, four buildings and nine vehicles – Mr. Ibori said “cash in hand was N425,000,” and that his bank account was overdrawn by N1.2 million. Ibori, according to Wass, declared on the form that he had nothing in a foreign bank account.”

The crown prosecutor also asked Clark whether Ibori mentioned then that he was receiving any income from his companies. Clark replied: “no declaration, your honour.”

Wass, who said she was responding to Krolick, who had “widened his evidence to prove Ibori had legitimate wealth,” also told the confiscation of assets hearing that Clark and others had wanted to visit Delta in 2007, to confirm some of the claims made by MER Engineering but were prevented from doing so. Asked if he visited Delta during his second trip, on the Ibori case to Nigeria in 2007, Clark said: “No.” This, he said, was because:” A High Court injunction was obtained against the Economic and Financial Crimes Commission (EFCC), and the Metropolitan Police.” When asked if there was any connection between the judge who granted the injunction and any of the people linked to Ibori, Clark told the court that the judge is related to Udoamaka Onuiko-Okoronkwo.

The hearing resumes Monday.


Source: http://www.ngrguardiannews.com/national-news/134247-ibori-was-broke-in-1999-say-prosecutors-

Nigeria Stock Exchange:

1. NSE All-Share Index firms up amid Improved Optimism

2. Trading on NSE New Platform Begins Today

3. No biometrics, no share transaction, says Stock Exchange

4. Investors Get a Boost in Profit Margin(s) from Slash in Brokerage Fee by MorganCapital

5. Continental Re increases dividend pay-out

6. 1st Bank Enforces Charges on Cash Policy

7. FCMB commits N44bn to power sector

8. Ecobank board appoints independent investigator on internal crisis

9. IEI introduces scratch card for third-party motor insurance

10. GTB supports fashion event to improve economy

11. Increased Dollar Supply Bolsters Naira

12. Banks cut costs to survive tough regulations — HSBC



Source: www.proshareng.com

Am calling my broker today to confirm if they are going to slash their brokerage fees just like morgan capital or else am porting.

9free:
As long as all the stocks in my portfolio move northwards, no wahala....

Abi o.

Nice one OP.. This will be very useful for both the married and about to be married couples.

expressdr84:
Didn't fill anything oooh. My broker assured me that it will be sent to my PMB .but can I still do that now ?

Well you can still go ahead and fill the form however this years dividend will still be recieved by PMB.

stockbull: Access bank stake in wapic is now unbundled and this will increase the investors in wapic and some othe fundamentals relative to shareholders size while it will have slight negative effect on access's balance sheet.
******
new monies flow into the nigeria stock market is expected soon on the return of foreign investors.the saviour of banking stocks.watch out for fundamentals in this third quarter results.hopefully, the nse would be able to trade on the new platform next month to add flavour to all these.

Meaning access bank has increased their share stake in wapic right? Thanks for the info

mercylicious: Plz this is stock mkt section

case reported

feelamong:

They have been suspended form all capital market activities..

Are you sure about this? this is serious..wetin cashcraft do

expressdr84:
I ''ve not gotten my aiico dividend and I don't know ow to go about it.any advice for ur boy?

Hello Expressdr, sorry for the late response...pls did you fill the e-mandate form before the closure date to the resgistrar of aiico?

Nigeria Stock Exchange:

1. NSE ASI edges closer to 35,000bpts; records -0.09% modest loss

2. CONTINSURE declares N1.01b PAT in Q2 '13 result,(SP:N1.12k)

3. Presco Plc Downgraded to a Hold by ChapelHill on Strong Price Rally

4. ETERNA OIL Plc slips below 37wks low, as investors remain pessimistic


Source; www.proshareng.com

For those with Japaul in their portfolio here is Q1 result:

http://www.nse.com.ng/Financial_News...EMBER_2013.pdf

9free:
HAHAHAHAHA!!!!
Some people made millions from the bolded stock sha when the going was good.
Ask the winner of easykobo NSE contest how Eterna help am win the game.....

Now who was that lucky winner..

feelamong:

Good lesson learnt..hopefully!

the worst thing that can happen to you in this NSE is not being able to sell out and take cash even when the stock is at 50k. I have decided never to put in my funds in Penny stocks that do not have any foundamentals....

am looking at fidson now.. would start to bid for it tomorrow but with a price limit of N1.60...hopefully by fridey i have have gotten my fill

Bros i hail o..na una dey move thingz for nse

mercylicious: Am so happy I was able to jump of Unity yesterday @63 and 66K.
Today no funny at all. Abc don waka north. Bought tasere units of Nem @68k yesterday. Fear dey catch me to invest for insurance field as aiico dealt wit me. Eterna still dey wire me koboko.abeg make una ask d board why dem dey delay result.

Plenty ppl dey talk planting season, any identified green field? All I see is speculation based on trend.

@mercylicious no make me laugh fall for ground ooo..You suppose know how the market be now..Me i still dey inside aiico for now..The e-dividend where i been dey expect to use buy ABC fail no thanks to my brokers officers..I just dey pray make eterna fall yakata to enable me enter...

9free: In protest for the banning of madam Mercy on SMN, am also banning myself from this thread until madam Mercy is unbanned after 3months.
Meanwhile for the part they played, Oga Manemi and Ozone go receive some macing reward from me at mama Ejiro bukka on monday.
Happy weekend.

mercylicious was not banned on smn..she even commented there this evening..abeg make we no bring smn matter come here.

ihedioramma: HELLO OGA ELAI AND BORN 2BE RICH E.T.C , DID YOU BUY OANDO AT #3 OR #5 THIS WEEK?

LOL

Well from my own point of view, the world will look meaningless and worthless

feelamong:

YES I HAVE RECEIVED MINE..

Thanks bro..I was advised to wait for some days if i will still get mine electronically into my account..Hopefully by tomrw i will make a call to the registrar to find out more..

Whoever made that cake did not try at all.

swag queen: My husband's folks are loyal to him because ofnthe things he does for them and therefore,no one talks to him.he's a lord on his own. And of course the issue of infidelity comes to play too. He monitors my every move and is free to do whatever he likes,go wherever he likes and the last time,i saw a particular number of a female that he saved with a man's name,when i talked, he went ahead to call me names again. Came to beat me up as usual but for once in my life.my i stood up to him and told him never to try it! I guess that scared him a bit cos he dropped the weapon he wanted to use in hitting me..... i got advice from well-meaning friends to leave his place and go to my parent's house to heal but knowing him,he would never come for us.

It means i have to start life afresh. 30 years with no money in the bank,with two children and no job! God!

I feel your pains and i pray you recover from this shock but why did you stay for so long without working or doing a business for yourself all this while

My advise to women, when you get married, ensure that you are also independent on the man's income by doing something tangible so that when he misbehaves, you can always find a way out from him for the meantime without feeling the financial pressure on ur shoulders.

Pls has anybody received any e-dividend payment from aiico into their bank account? let me know urgently cos the cash needs to be re-invested asap..

Nigeria Stock Exchange:

1. NAICOM Approves 13 Insurance Companies Financial Statement as at 16th Sept, 2013...*Expect insurance result to be pouring out very soon*

2. Gap-Up Stocks on Focus: Unity Bank Plc records renewed bargain appetite...**good news for some investors**

3. DLM Reiterates BUY Recommendation; Famous Brands Acquires 49% Stakes in UAC Restaurant...**another buy into UAC..expect rally very soon**

4. Unrelenting sell pressure permeates the bourse; extends four-day losing streak

5. 627 Stockbrokers Trained in preparation for New Trading Platform Launch

6. FG to release subsidy payment today …adopts new accounting principle for 2014 budget

7. W’Bank Sets Criteria for $300m Employment Fund

8. FG directs Julius Berger to rehabilitate Lagos-Ibadan Expressway

9. Investors must decide on what to do with Oando Plc as shares fall further.

10. Guinness Nigeria Plc FY'13 Results - Finance charges weigh down on earnings

11. Access Bank emerges winner of web-jurist

12. Dangote to invest $700m in sugar, rice

13. Naira, stocks to rally as US Fed unexpectedly keeps stimulus

14. Appointment of a New Chief Finance Officer of Transnational Corporation of Nigeria Plc

15. Senate May Revisit Decision on Minimum Wage as NLC Storms National Assembly



Source; www.proshareng.com

Elai147:

Me I still join o... Someone needs to interfere with this Jegede-hostage situation.

I wont be surprised when Japaul will start its own crazy rally..most of the stocks that rallied this year are dead stocks or stocks without fundamental strenght

Elai147:

That na for sure... I must buy back for the long term when the thing don crash well well. Let the saga continues and let Oando clear the air...

Aha so Oando is finally coming down to the N5-N7 range i predicted..Abeg make the saga continue wella make e reach N3 self make i just pack my load inside the stock..But to be frank this stock has been battered since the beginning of this year..i hope say no be witch hunt dey worry am..

Nigeria Stock Exchange:

1. SEC targets insurance sector’s premium

2. CBN sells N3.75tr bills, as currency-in-circulation drops 5.6%

3. Nigerian airlines prefer to insure abroad – NAICOM

4. Equity Market records three-day losing streak; dips further by -0.70%

5. REDSTAREX halts 12weeks sell-down as Investors display fresh appetite

6. Dangote Cement embarks on practical block making demonstration

7. Partnership Investment shareholders approve N143.8m dividend

8. FCMB engages customers on CBN policy, products

9. Access Bank moves to support SMEs

10. Niger Insurance Launches New Cash Plan Product


source; www.proshareng.com


Enjoy.

frond:

That was soludo time. No company is allowed to buy its share without first get permision from SEC and this must be made public. If you want to gamble your hard resources go fro Oando. Sorry brother I don't have good news for you.

Welcome back boss.

mercylicious: Kai, am trapped in vitafoam.
U just can't predict the mkt these days.

Sorry dear..hope the loss aint much before you bail out

Nigeria stock Exchange:

1. Equity Market opens the week negative; dips by -0.10%

2. Investors dump Vitafoam as Vono Market CAP surges by 167% in 19days

3. GlaxoSmithKline offloads Ribena and Lucozade to Japanese drinks giant for £1.35bn

4. CAPHOTEL declares N112.7m PAT in Q1 '13 result (still awaiting that of ikeja hotel)

5. Emerging Stocks Rise on Oil as China H Shares Climb 20% From Low

6. Diamond Bank disburses N70b to SME operators in four years


Source; www.proshareng.com


Enjoy.

md003: i need 100k loan i have collateral worth 200k.
ill pay back the loan in 6months. 07089728887

But why come here