₦airaland Forum

https://oilprice.com/Energy/Energy-General/Iraq-Desperate-For-OPEC-Action-As-Oil-Prices-Crash.html

The Iraqi Oil Minister, Thamer al-Ghadhban, has asked OPEC’s head, Mohammed Barkindo to call an extraordinary meeting of OPEC+ to “discuss all possible ways” to reverse the oil price slide that began after Saudi Arabia announced it was going to start raising production and cutting prices. In a letter seen by Reuters, al-Ghadhban told Barkindo an extraordinary meeting could help “to avoid adverse impacts on (the) short, medium and long term

https://dailypost.ng/2020/03/17/minimum-wage-organized-labour-issues-7-day-ultimatum/

Minimum wage: Organized Labour issues 7-day ultimatumPublished 9 hours ago on March 17, 2020 By Victor Azubuike

The Organized Labour in Rivers State has issued a seven-day ultimatum to the Rivers State government to meet up its demand or face industrial action.

The seven-day ultimatum, which began on Monday, March 16, 2020 followed an extensive deliberation of both the Nigeria Labour Congress, the Trade Union Congress and the Joint Public Service Negotiating Councils one, two and three of the Rivers state councils in Port Harcourt.

Labour’s announcement is contained in a statement signed by the state Secretaries of NLC, Comrade Matthew Olabe and Comrade Prince Ndukwe of the TUC as well as their Joint public service negotiating council 1, 2 and 3, Comrade Opuwari Ogbada.

The organized labour expressed displeasure; “On the non-seriousness of the state government to resolve the issues in contention despite the window of opportunities offered by the state leadership in view of the intervention of the national leadership.

“Some of the contending issues to include, the reconvening of the negotiating team on the implementation of the new national minimum wage, non- implementation of promotion and annual incremental benefits since the inception of the present administration in 2015, payment of outstanding salary arrears to some workers for February and March 2016 and October 2017, nonpayment of pension and gratuity to pensioners, disappearance of the one hundred million Naira workers revolving housing/car loan scheme and the immediate removal of the retired head of service and other retired heads of ministries, departments and agencies.

“Failure of the state government to demonstrate seriousness in addressing the above issues at the expiration of the seven days ultimatum with effect from Monday 16th March 2020 it will have no option than to embark on an indefinite strike action without further notice from midnight of Monday 23rd March 2020.”

Zenith bank dividend just landed, we are moving forward.

Biafran4life:
Nice one with the bonus share.How I wish I loaded more today

You can still get it low, the low price of crude oil price will likely affect the JB 2020 result because government will pay more attention in settling the wage bill of their workers from the little money that will be coming to them this period, capital project might suffer a temporary set back, or might turn to long term set back if the oil price remains low for long period of time, which will lead into 2022 election bear period.

PharmAlfred:
With there miserable 40k div. I hate that bank. Fidelity is equally like Access.

Whenever am recommending stock I try my best not to include Access bank since after their Diamond bank deal. I prefer Zenith and UBA over most of the banks. In fact Zenith and UBA are investors bank. I even preferred FBNH over Access bank that always release audio EPs.

RabbiDoracle:
Do your Dividend yield calculations.

Then choose.

Currently Zenith has Dividend yield of almost 26% based on the previous /recently paid dividends of N2.80.

So wait for those dudes at 9.80 tomorrow and catch them. Buy small small. He will be tired very soon.

Imagine Zenith at #5, the likes of UBA and Access will be @ #1, Fidelity and FCMB at 30 kobo, it will really make sense most especially when they stays at that level for 12 months. One will be buying hundred thousand of unit every month. And within a year one can accumulate 1 million unit of his choicest stock.

RabbiDoracle:
That too is coming.

Just relax. It will be maximum fear.

See EU markets losing over 10%.

Where is Chibuking? come out here.

Come and see what they call bonanza.

Bonanza season 5.
By 2022 season 6 and 7 will be out.

It's well

As for me, I no send, let the crude oil get down to $10, Let see what Russia and USA are made up with. OPEC should supply more crude to the market and allow the price of crude to fall further. Russia and other non - OPEC members think that falling will not get to $38. But now it's bellow that.

emmanuelewumi:
How low can Zenith go? Planning to buy more units at N12.50k this morning.

It can go below that today, you might likely get it at #11.75 at the beginning of today business, but will likely reverse up before the closing of today business, those who will buy at the beginning of today business will get it cheaper. Many are trapped since Monday when all doors were closed down, and the door will be open today for them to escape, but they will only realise later that they have handed over to those who are greedy when others are fearful.

Crude oil will probably move up above $40 on or before next month. The current down tone is to get non-OPEC and USA attention to participate in the crude oil cut.

The question is, why the cut. They answer is to address the quantity China and some other countries corona virus visited use to buy. The news of corona virus will soon be a history, on or before May corona virus will be saying bye bye to the world.

China will be back to their feet, their companies will resume with full force, the quantity of crude oil those corona virus victims countries use to buy will be up again, and crude oil price will move back to $50/$60 if not $70.

The question here is, apart from news of fall in crude oil price, does Zenith, GTB, UBA, Dangote sugar e.t.c has any problem? The answer is no. Buying any company now is buying at bonanza offer.

Crude oil price now is at $37.93.

@ RabbiDoracle
Bido na Cham PLC
Those who enter cham at 20 kobo are more safer, because they will not fear any further fall.

Peter was trapped in one of the jijo deal he wanted to strike before all the door was locked up The worst of it all is that the door was locked up finally after the closing of business on Friday. Jijo group woke up on Monday to meet a very big padlock, with no body willing to help those in the vehicle.

But one thing is certain, it must surly be over very soon .

As crude oil finally parked at $36/$37 and American Dow industry recovery from previous loses. NSE will recover tomorrow from its 2 days blood bath. Since 2 days 99% stocks was padlocked and key thrown inside the ocean, no way to escape for both jijo group and some investors who chooses to bail out. But the keys has been found.

At this junction starting from tomorrow whenever you see opening of the door for you to escape, pls exercise patience don't bail out, because you might ended up seen the same stock you bailed out from within some hours moving up above your exit junction.

Crude oil shall move up again above $50 within a shot period, and NSE will also move up. To all of us who pay this crude oil movement school fees, pls take heart, you shall recover it all.

The current oil war is to educate non - OPEC countries the need to corporate and take part in crude oil cut when ever the need arises.

Patiently waiting for my Zenith bank dividend on 16th, at least crude oil price will not affect it.

What we are experiencing now in the crude oil market is teaching of reason. OPEC want to educate those non - OPEC oil producing countries that always take advantage of OPEC cut, that oil can possibly go far below their budget benchmark.

If not because of drop in price of stocks price, I will even like the crude to visit $5, it will help correct some political problems in Nigeria in the near future. Restructuring the country will be so easy with crude oil price at $5, true federalism will come very quickly.

Implication, if the crude oil price falling continues, with this new minimum wage, soon many states will go bankrupt and will not be able to pay their civil servants. Crime rate will increase.

Let the will of God be done, his is just and everything he does is right.

Those saying that currency will be devalue , am asking them, Is it only naira as currency will be devalued or including other currency? The crude oil price affected almost the whole country in the world. Most countries who buy oil also market the different product of refined crude to most country, and when there is no availability of money to buy this product those country economic will be affected too.

Minus the huge drop in share price, I support the drop in crude price, many non- OPEC oil producing countries leave the burden of oil cut to OPEC members. By the time crude drop to $10 Russia, Mexico, USA will be the one looking for solution. Most European country are depending on corruption in most oil producing country who dump their money in their countries to grow their economic. When this money will stop flowing in their country as usually, their next visitors will be recession.

I believed that crude oil will bounce back soon, the price drop was to show other non- OPEC oil producing countries that have their budget benchmark on oil at $40, that it's very possible for crude to visit $20.

There is serious red flag with current crude oil price. Most of the world economic will enter recession if urgent step is not taking.

Anniie4u:
Hello house,
I'm a newbie in stock and considering to buy a few essential stock now when the prices are going down for long term. I need your advise.

With new event surrounding the crude oil price, pls hold your cash for now.

@ Peterich since you know that all stock can possibly go down, why are you still participating in stock business? You would have allowed those with interest to keeping on investing, remember one of the slogans, never invest what you can't afford to lose. If you are seen as audio eps the Zenith bank and GTB bank at #19+ and #24+ , with #2.80 kobo final dividend each from their EPS of #6 +. Which an investors who invested in them can recover his initial capital on or before 10 years.
That mean you have turn NSE to gambling ground, equivalent to nairabet. As far as am concern NSE is for investors, jijo always get their hands burnt once there is major bear. And most of them withdraw their money without coming back again.
But investors who keep on investing certain amount monthly from his/her salary or proceeds from his/her business will never regret investing, because irrespective of rise and fall he keep on investing in a particular company, as long as that company keep on releasing good result with good dividend, Ucap, afriprudent, Vitafoam , investors will get back their initial capital within 7/8 years, and 4/5 years on some of the shares they bought lower before the increase in price.

@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

Thanks for this information, I will not be quoting people post anymore. For 3 good times I was ban within 3 months.

Has anyone from Zenith bank gotten 3 months minimum wage make up arrears salary?. Zenith bank customers pls confirm.

Chibuking81:
Zenith should give such chance between Friday next week or first working day of the month of March. Some of their good faithful are waiting to increase their volume for investment purpose not for jijo purpose.

I came across this post.
It really happened at appointed time. It's all for an increase and investment purposes.

Zenith of #18.05 and GTB of #22.70 pay the same amount of dividend, #2.50 for q4 and the final of #2.80 when added with interim dividend.
It's indeed a good one for dividend investors, their current prices are at give away price, and at bonanza offer junction.

Crude oil price is stabilising at $50 , and stock price will likely stabilize within their current price. Seriously more money is needed to pick more bonaza offer.

Fcmb 1.58, Fidelity 1.80
Serious clashing

After rain come sun

PETERiCHY:
Amid the rapid spread of the coronavirus outbreak around the world, Vietnam has announced that all 16 infected patients in the country were discharged from hospital and declared cured.

As of Wednesday, all 16 patients, including the oldest who is 73, had been cured and discharged from the hospital.

For the past 15 days, including on Friday, the government also detected no new cases of infections, the last one having been reported on February 13, even as a village north of Hanoi remains under a 20-day lockdown.

"If fighting COVID-19 has been a war, then we have won the first round


https://www.aljazeera.com/amp/news/2020/02/infected-patients-vietnam-cured-coronavirus-miracle-200228035007608.html

Corona virus will die natural death like Ebola, all these disease outbreak are like 10 Plagues of Egypt; The plagues are: water turning to blood, frogs, lice, flies, livestock pestilence, boils, hail, locusts, darkness and the killing of firstborn children.

Each has their own time and expiring date, once one fulfill it purposes another one takes over, and one taking over will seem to be more deadly than the previous one.

Corona virus will soon come to an end, most companies will likely report bad q1 result this 2020.

RabbiDoracle:
The thing I was thinking aside the divergence in prices was a bank run in China and possibly a global recession as a result of that. I discussed this with my Ogas (Wanaj) and with CP (though recession only) . In 2019, China has had 4 bank runs. I drew a parallel to what happened in 2008 financial crisis where before the crisis started around March 2008, there was a bank run in the UK (Northern Rock). So I asked myself, why is the same thing repeating before 2020. And I ran a check on all indices worldwide. Most of them were at ATH. Most higher than it were in 2008.

I said to myself if January 2020 comes with a bull that I had been waiting for, I will check the volumes. If there is no hoarding of shares (hallmark of bullish stage) but a huge volume, my dear I will run. I watched the volume in the first week, I saw huge volumes. I was not convinced until 2nd week. The volumes were huge. I had to leave the bus. I can't come and go and kee myself.

Instead of bank run, it was Coronavirus. However the problems are still there in China which could trigger a run. Businesses closed. Some are reopening. These took loans for their businesses. What impact will these have on banks. NPLs will grow. Banks will be pressured. If banks are pressured, and state must intervene. Where there is no quick interventions, banks may collapse and a run starts. If there is a run in China, the creditors are in pressure. This becomes global. And oso abiola happens. Everyone straight to his village.

This Virus is making it very likely.

I love that nice research and probability. Truly it's always good to research, I have chose to leave bear related news, because many don't want to hear about it. Then I choose the part of bull, because investors will always win through their dividend irrespective of fall and rise in stock price.

NSE will witness massive bear come 2022 ending/ early part of 2023 election period.

RabbiDoracle:
Health wise, people will survive it.

But I like the fear displayed worldwide. See one Turkish stock losing 47% in a single day. As in half of your investment wiped off in a single day.

I laughed and my money laughed as well.

It's time to move up international, to join foreign investors, to buy foreign stocks at a very cheaper rate.