₦airaland Forum

My good people how una dey? January/February bonanza period just approaching, am just passing, back to ghost mode

Diamond bank alert received.

Rexmarysweet:
NEW NIGERIAN POLICE SALARIES as approved by Buhari Led Administration.
1) Police Constable (PC) II - N84,000
2) Police Constable (PC) I - N86,000
3) Sergeant Copral (SC) - N96,000
4) Sergeant Major (SM) - N119,000
5) Inspector Of Police (IP) II - N167,000
6) Inspector of Police (IP) I - N254,000
7) Assistant Superintendent of Police (ASP) II - N271,000
Assistant Superintendent of Police(ASP) I - N296,000
9) Deputy Superintendent of Police (DSP) - N321,000
10) Superintendent of Police (SP) - N342,000
11) Chief Superintendent of Police (CSP) - N419,000
12) Assistant Commissioner of Police (ACP) - N483,000
13) Deputy commissioner of Police (DCP) - N531,000
14) Commissioner of Police (CP) - N1.5million.

If Buhari see this new salary, he will run he will not go on to implement it. People just calculated and post online, federal government will not say anything on the flying posted salary because it will favour their political aspirations, but when it comes to implementation, they will implement far lower than the circulated figure posted.
They people calculated our salary at initial time using the whole salary to times, divide and plus. Which
Level 8 was about 165,000

Mpeace:
No much stew today, no chibu posts.

Ghost mode activated till January/ February 2019

RabbiDoracle:
You think people are still in "nta akara".

Election is near, investors are scared, yet investors oversubscribed the recent Eurobond 3 times over.

https://www.thisdaylive.com/index.php/2018/11/15/global-investors-oversubscribe-nigerias-2-86bn-eurobond/

Wetin concern me.

Wetin concern me too

DeRuggedProf:
Are banks going to be barred from participating going forward?
Will it interest you to know that some people never left this market since the beginning of the bear shout and their capital has actually increased?

Let be realistic
That a person gain 1 million at first hit, 1 million at second hit and 1 million at third hit and pay school fee of 6 million.
How much has he/she gain ?
Ask those in FMN, Diamond and former Skyeobitury
Even those in Honeyflour, Dangote flour, Fo motor hoping on dividend.

GTB at #50 now #36, Zenith at #34 now @ #24, some jijo master gain and many jijo group have their hands burnt up.

RabbiDoracle:
I have been on the sidelines reading and just laughing.

Stop fooling people. You can't have a better bonanza once you make your calculations and your Dividend yield gives you above 10%
You can only get bonanza with stocks with poor results.

Watch the trend amigo!!! There is increased purchases (sales as well), huge cross deals and activity is spiking.

This is synonymous with start of a bull run.

It started around September 2018. If you are a strong FA guy, you should have made your calculations and seen that prices are depressed enough. Falling further means that you should buy more because your FA target tells you buy at or below this price!!!

Remember in January ending, I drew people's attention to a rise in NSE that will soon fall. They laughed at me.

Around May, I saw a sign of a bullish return, it got to be a trap. I adviced people on that. Now, there is increased positioning. Just watch the trend of money flow amigo!!!

@yayira, take heart. At least my advice will be ringing in your head now on that stock that is currently being woundjured by Dozie. But I know it is a small money, na something wey you go fit spend at one sitting at a restaurant on Champs Elysees. So no biggie!!

To my followers, it is out. The 'blokos' is gradually growing. (Hope you get my point). Stick on FUGAZ FFS. That's my only sector!!! So use your head.

Really appreciate you guys.

Back to ghost mode.

I don't like insult, as well I don't like insulting people, please next time choose a better word, you can communicate your message without using offensive words.

I never fool any person here, or intended to fool any. When I use the word like bear and bonanza, I don't just mention them without stating the factors that will cause it.

There are many factors I sighted, with election been the dominating factor among the various factors. Have you ask why the increase in Tbill? When the demand become low, government will increase the price to attract more demand, and when the demands become high the price will reduce.

Election has a great role to play; it makes foreign investors to bailed out from the market, due to fear of unknown, once after election with all things been equal you will see them returning one by one.

Banks at this stage will restrict the rate of loan giving to their customers, due to the election outcome, customer can borrow money to pursue and sponsor their political post and ambition, once they fail in election, to recover such amount of money from them seems to be difficult. Again the expectation of possible change of government at this period is very high. Everyone are at alert, even contractors and business men reduces the level of their financial exposure to government, they prefer pay before service now, and pay at point of delivery.

Remember, I still maintain that many factors will be responsible for the bonanza period with election been the chief factor.

Many things has change from the time I started announcement of bonanza period till this period, ASI was close to 40,000, today ASI is 32,000 and still heading Southward.

Buying times two of the unit with the same amount as some few months ago will give one, times two of dividend from the same company come March 2019.

Yayira:
He didn’t mention Fcmb too.. na only GTB and Zenith him dey see for him dream..
Chibuking what happened to our closing price today?

Testing of microphone just happened yesterday, they will soon come back, and cross over.

stcool:
I will bring back this post in Dec and January next year and we would see the price of GTB and Zenith

If you run by January, stock pick alert director will arrest you.

stcool:
GTB 3Q EPS 5.03 you want to buy at N20
Zenith 3Q EPS 4.58 you want to buy at N19

Make I dey laugh...WAPCO, DF, FLOURMILL go rush you las las

Many has gone.
Intercontinental and Oceanic use to be mate to Zenith and GTB, Today they are history, have you ask why foreign investors are pulling out to come back later? The answer is due to fear of unknown, once there is change of government, it usually affect stocks negatively, the outgoing political criminals will be pulling their fund out, the incoming political criminals will be looking at their banks to promote.

As government change, Wealth will also change hand. Don't be surprise to see Zenith and GTB faces the challenge FBNH faced. The ruling party will have easy access in both leading banks, and will be favouring them, the reverse will be the case once there is change of government.

Do you think that foreign investors that bail out 7 months before election, will come in one month before election?

They gamble, but as well know the value of their money, because anything can happen.

Agbalowomeri:
What was it EPS when its sold for 13-15 in 2015/16?

Thank you dear brother, please help me ask him.

Mpeace:
I know chibu will not post oilprices today.

Both oil and NSE are just testing the microphone. They want to apply the principle of not testing the ocean with both feet.

But for sure we are gradually moving toward the bonanza period. Those with knowledge in NSE will understand what am communicating, like GTB that tested #34 before moving back to #36, will soon come back home to #34 and move down to 20 naira family, this time not as a visitor but as a member. Zenith had visited #19 before, from #24, it will soon go below #19, mark my word.

when I said same on Dangote flour coming down to 5/7 from 13, many doubted it, also I said same on FMN coming down to #17 from #33, many doubted it, but all happen within this year. Experience is a best teacher.

Some new BNSITL even asked me to explain the meaning of buy one and get one free, which I gladly explained. Today for those that listened and put their money in treasure bill, fix deposit, and saving account, they has nothing to lose, with that money the pulled out, they can now comfortably buy one and get one free from most stocks. The ground will be more promising during January/ February bonanza period.

Imagine "BEFORE AND AS OF 14 NOVEMBER 2018" all within this year.
1.Dangoteflour BEFORE #16.45 , NOW #5.80
2.FMN from BEFORE #33, NOW #16.50
3. Dangote sugar from #21 .60 to #12.45
4. Diamond bank from #2.43 to 95k
5. Sky bank #1 to obituary
6. Honeywell from #2.80 to #1
7. FBNH from #13 to #7.45
8. UBA from #13 to #7.95
9. GTB from #49 to #36.05
10. Access from #13 to #7.85
11. Eterna from #7 to #4.95
12. UACN from #17 to #10
13. FO from #45 to #20.60
13. Conoil from 35 to 22.50

Gift from God is a blessing.

Mpeace:
Dreamland is a very nice place.

Of cos cash is always king.

Bonanza is real not in dreamland, but in real life.

Yayira:
Lol.. but if zenith touches 19 again na rush dem go rush am.. only if you know how many biting their fingers for not buying when it touched 19.
Na only person wey village people dey follow go see zenith at 19 go dey wait for 15 again with this current result ? hmm... even chibuking will not miss it at 19 gain

Sooner Zenith will be begging for buyers at #17, I mean sooner. Anything outside bonanza period am not in, January/February bonanza are fast approaching.
Presidential campaign will start next tomorrow, and campaign period is the period to review hiding secret both front and back, period of official legalised hate speech, period of word to word attack, both ruling and opposition will be busy attacking each other, opposition will be attacking with failed promises the ruling party made before coming in as ruling party, while opposition attacking with ruling party defending, they will be busy promising heaven on earth that even unborn baby know that they can't fulfill without by grace of God.

But one certain thing is that campaign activities will drive out the remaining foreign investors who wanted to gamble their little amount they left in Nigeria stock exchange.

All these activities will usher in the real January/ February bonanza period we are talking about.

Zamfara state governor is seriously looking for governors to deceive, by joining him to go down since INEC refused to accept Zamfara state APC candidate list because they didn't meet up the deadline. They don't even have any candidate list due to deadline.
He also want to drag APC lead Federal government into the wrath of the workers by refusing to pay the minimum wage.

Governors should be allowing him to fool them by speaking for them, no minimum wage no vote for them, is it when we vote them out they will sack. God has the final say, if they are having in mind to sack workers, God will first sack them and have them send to prison.

No man hold his follow man destiny, it can be delay but not deny.
Lamentation 3:37 Who is he that saith, and it cometh to pass, when the Lord commandeth it not?

https://www.premiumtimesng.com/news/top-news/295875-minimum-wage-nlc-calls-nigerian-governors-bluff-dismisses-threat-to-sack-workers.html

Minimum Wage: NLC calls Nigerian governors bluff, dismisses threat to sack workers
November 15, 2018 Kunle Sanni

The Nigerian Labour Congress (NLC) has dismissed the threat by the Nigerian Governors Forum (NGF) that states may have to sack workers if forced to pay N30,000 as minimum wage.
The union said the threat is not new and that workers are standing firm on the figure agreed by the tripartite negotiation team as the new national minimum wage.

The Governor of Zamfara, Abdul’aziz Yari, who is also the chairman of the NGF, said on Wednesday after a NGF meeting that N30,000 minimum wage was impracticable.
He said the proposed figure could only be paid if labour would agree to downsize its workforce across the country “or federal government itself accedes to the review of the national revenue allocation formula.”

Mr Yari said only Lagos State would be able to pay its workers N30,000 as minimum wage.
“Like Lagos that is paying about N7 billion as salaries now, if you say it should start paying N30, 000, the cost of salary will be N13 billion. “From our calculation, it is only Lagos State that will be able to pay 30,000,” Mr Yari said.
“As Nigerians, this is our country, there is no other country we have and we should be fair to this country,” the governor said.

Reacting to the governor’s comment through a statement he personally signed, NLC president, Ayuba Wabba, on Thursday advised state governors to sacrifice their “huge salaries and allowances” to pay the proposed new minimum wage.
”We propose that since a few political office holders are bent on enslaving Nigerian workers with peanuts mislabeled as salaries, we urge such elected public officials to subject their humongous salaries and allowances, reputed to be among the highest in the world, pro rata with the minimum wage they want to force down the throats of Nigerian workers.
“We, therefore, urge each state governor to go to their respective states and inform workers and their families their individual position on the new national minimum wage of N30,000,” Mr Wabba said.

Mr Wabba said the bargaining process for a new minimum wage under the 1999 Constitution only recognises individual states and not the NGF, noting that the states had already defended their positions during negotiations at the National Minimum Wage Tripartite Negotiation Committee.
”The 1999 Nigerian Constitution (as amended) recognises individual states in the Collective Bargaining Process NOT Nigeria Governors Forum. The states, like the other social partners, have already defended their positions during negotiations at the National Minimum Wage Tripartite Negotiation Committee vis-à-vis counter proposals,” he stated.

The NLC president urged workers to remain firm in the struggle for a new national minimum wage, adding that Nigerians should vote out any political party that refuses to pay the new national minimum wage of N30,000.
”We hereby reiterate our directive to Nigerian workers to vote out any politician or political party that refuses to pay the new national minimum wage of N30,000.
”We shall continue to consolidate our efforts to strengthen already existing platforms and structures to give teeth to our resolve to vote out anti-labour governors and politicians in the forthcoming 2019 general election.

”The leadership of the Nigeria Labour Congress and Organised Labour urge workers to remain steadfast and firm on our rights to decent wages and improved living conditions. To the oppressors, we have only one answer for you We will never sleep on our rights!” he said.
Mr Wabba advised Mr Yari to ”desist from using the platform of the Nigeria Governors Forum to seek political relevance.

“His tactics of blackmail against workers are already timeworn and the stench is already offensive,” he said.

GTB 34, ZENITH 23.30, looking for next support lower level.
Zenith visited #19 before, those in the bus get ready to visit below 17 soon.

Bonanza call

aremso:
ogas, pls why is gtb going down oo, any bad info?

Responding to bonanza call

All Nigeria governors has A1 in lie telling, if the wage bill of Lagos is 7 billion, and the increase in minimum wage is not up to 50 percent going by our calculations, when using only basic, accommodation, transportation, and utility to calculate. Their wage bill should be hovering around 10.5 billion, not 13 billion.

On Rivers state that has wage bill of about 5 billion, with 50 percent increment, their new wage bill should be around 7.5 billion, Rivers state monthly IGR is above 10 billion, their federal allocation is above 13 billion, total should be above 23 billion, after paying for wage of 7.5, they will still have above 15 billion.

Akwaibom, Delta, Bayelsa, Rivers, receives above 12 billion monthly from Federal Account Allocation Committee, why should they maintains that it's only Lagos that can pay. I believed that all the state received from federal monthly above their wage bill, even when added with their new minimum wage, meaning if the use it to pay their wage bill they will still have left over, then added with their IGR, they should use it to execute other project.

In fact any governor that can't pay the new minimum wage should quietly step down for another to step in. Government office is not their father's estate.

Our governor has accepted to pay the minimum wage , when the federal government sign it, why should they now telling us that it's only Lagos that can pay, this is a serious insult to Rivers state, Akwaibom, Bayelsa, Delta, and many other state like Enugu, Anambra and Kano that has already agreed to pay once implemented.

Northern governors are drawing us back, true federalism should be in practice, upon the money they received from center they still find it difficult to pay, then any state that can not pay should not answer state, but a local government, therefore needed to be merge with another state.

Our governors needs serious deliverance.

locodemy:
Chibuking81,I can see alot of people are on your neck when you are just like John the baptist preaching in the wilderness.Ride on,I am enjoying the move.Caverton,fcmb,oando,honeyflour,Transcorp & co must reach my junction for a fresh oil.

veecovee:
too much of everything is too bad ... Chibuking is not supposed to be talking too much at this point in time

Chibuking81:
During the last bear, exactly this word and more I received, many still at that point losses more than half of their holding. But why this stone is coming from someone like you?

Chibuking81:
Is good to be patient in other to enter at good price, most especially during election. Preserved cash can buy times two unit of any fundamental stock.

Patient mode activated.

leo1234:
Waiting for UBA @4, Fidelity @1, Ucap @1 and below.

Many never believe me when I started bonanza period announcement, many never believe that

1.Dangoteflour will be come down from #16.45 this year to #5.80, and will still touch #5 and below.
2.FMN from #33 to #16.50
3. Dangote sugar from #21 .60 to #12.45 and will still go below #11
4. Diamond bank from #2.43 to 95k
5. Sky bank #1 to obituary
6. Honeywell from #2.80 to #1
7. FBNH from #13 to #7.45
8. UBA from #13 to #7.95
9. GTB from #49 to #36.05
10. Access from #13 to #7.85
11. Eterna from #7 to #4.95
12. UACN from #17 to #10
13. FO from #45 to #20.60
13. Conoil from 35 to 22.50

What a world, at least bonanza have gone more than half way, many doubted it, but today it's indeed a reality. Cash is king, those who joined our group will buy more than times two now, and with more addition at January/ February bonanza period.

leo1234:
Waiting for UBA @4, Fidelity @1, Ucap @1 and below.

that's ok

As Bonanza period approaches, Some stocks are gradually coming back home, and others to join soon

http://sunnewsonline.com/again-labour-draws-battle-line/

Again, labour draws battle line
14th November 2018 in Cover, National

Labour warned that any reduction in the N30,000 agreed in the committee’s report to President Muhammadu Buhari would lead to devastating consequences.
Bimbola Oyesola and James Ojo, Abuja

Organized Labour has given the Federal Government December deadline to commence payment of the N30,000 new national minimum wage to Nigerian workers.

This is even as feelers emerged that labour may resume its suspended nationwide strike in the next two weeks should the government continue to foot drag on the implementation of the report of the Tripartite Committee on Minimum Wage.

Besides, Labour warned that any reduction in the N30,000 agreed as contained in the committee’s report to President Muhammadu Buhari or any further delay in its passage would lead to devastating consequences.

The President of Trade Union Congress (TUC), Bobboi Bala Kaigama and the Secretary General of the Association of Senior Civil Servant of Nigeria (ASCSN), Bashir Alade Lawal, gave the warning at the National Executive Council (NEC) meeting in Abuja yesterday.

They both warned that labour would not accept anything less than the N30,000 agreed by the Committee, as Nigerian workers patiently await President Buhari to forward an Executive Bill to the National Assembly for passage into law.

Kaigama stressed the urgent need to fast-track the implementation of the newly agreed national minimum wage.

Specifically, he said the expectation of labour is that the full implementation of the N30,000 would not exceed December.

Minister of Labour and Employment, Dr. Chris Ngige was not available for comment last night.

His mobile phone indicated it was switched off, while his Chief Press Secretary could not also be reached.

But the Deputy Director of Press in the ministry, Mr Samuel Olowookere said he could not comment on the threat by Labour.

“I cannot comment on what I don’t know, I can only speak on what I know with the permission to do so. All I know, which is known to everybody, is that the ministry has concluded its work on the minimum wage and my ‘Oga’ has submitted the report to the president. That is all I can say,” he said.

Though Kaigama stated that he would not preempt President Buhari that the N30,000 agreed through the process of tripartite negotiation could be reduced, he warned that the consequences of reducing or delaying its implementation would be very devastating.

“The Federal Government is advised to avoid any action that can delay or truncate the process of enacting the new Minimum Wage Act as the consequences of allowing that to happen can be very devastating.

“It is worthy of note that the single most important issue agitating the mind of an average Nigerian worker today is that of the new national minimum wage, the report of which was presented to Mr. President on Tuesday 6th November, 2018. It is apt to state that against all odds, the tripartite committee that negotiated the new minimum wage was able to scale all hurdles and agreed to the sum of N30,000 as the new minimum wage for the country.

“It is on this premise that I strongly want to appeal to the Federal Government to fast-track the process of enacting the new national minimum wage into law.

“Our expectation is that the government should be able to complete the entire process before the end of this year so that workers who have waited for so long can begin to enjoy a new lease on life provided by the newly agreed minimum wage.”

The TUC president also regretted that the core civil service, which is the engine room of government, is the least paid in the public service.

According to him, other segments have had their emoluments beefed up over the years.

Kaigama explained that even though civil servants, for instance, possess the same qualifications and experience as their counterparts in the parastatals and agencies, “yet, the salaries of these other employees are, in most cases, three times more than that of officers in the core ministries.”

The labour leader added: “This situation has been made worse by the fact that since 2010 when salary relativity was carried out in the core civil service, no salary increment has been granted to civil servants except for the N900 monthly that was added to the emoluments of senior officers across board after N18,000 was approved as the national minimum wage in 2011.”

Lawal said they were holding President Buhari to his words that he would send the report submitted to him to the National Assembly.

“The way we interpret the president speech is that he said he is going to forward Executive Bill to the National Assembly, and on that we stand. We are not going to accept five kobo drop on that N30,000; we are not going to accept it. We are not going to accept anything less that N30,000. Like I said earlier on, we have mobilised already, we only suspended (the strike). So, we will pick off from where we left. It is not going to be a difficult thing,” he said.

He explained that the president should send the bill to the National Assembly before the next two weeks.

“We want it done less than two weeks; we cannot wait till end of November because we want the minimum wage achieved this year.

“We are taking Mr. President on his words now, but we have a timeline on when we will swung into action. Our members are ready and only waiting for directive; we are prepared because as we have always say, we have never gotten anything on a platter of gold. We are going to do all we can within the law to ensure implementation this year.”

https://oilprice.com

Another official recession around the corner if the oil price continue falling. When official recession join real recession. I wonder what we will have.

Bonanza stocks are increasing one by one. And others to join soon.