I think this news is misrepresenting and misinterpreting the CBN policy. CBN did not devalue naira. What happened to the $/285 exchange policy specifically for pms importation. Why was that not mentioned in this article.

I would not be surprise to hear that western countries are the one backing these terrorists to sabotage our economy. Terrorist should get no sympathy, in respective of who their backers are.

There is a lot of propaganda going on against first bank. Some of these banks are jostling for their market share and also their title as the biggest bank based on asset. Let's see how this play out.

It looks like rencap have an interest in First Bank. They've been trying to short the stock for a while. Let's see how First Bank reply this information.

The speculators and propagandist on a roll again. Let them continue. We will not be cajole or coerce to devalue our currency.

denko:
Isaac Boro Was killed did that stop the struggle NO! Saro Wiwa was killed did that stop the agitation NO! Sending soldiers will always result to arm struggle that even the Niger delta indigenes outside the zone will reconsider going back to join the struggle.

For every action, there will always be reaction. When you go about bombing government facilities and other private properties, you're committing terrorist activities. Terrorists activities attracts death, and they should suffer such consequence to detter others.

pussyphilia:
Patriotism my azz!

Who want to be patriotic to a country full of injustice and unfairness?

A country where able bodied youths will spend years in school, come out and put one full year of service to the country and afterwards end up jobless with no hopes.

A country where a President Jonathan who was already putting the measures to empower the youths was branded all sorts and rigged out by those who believe that the leadership of Nigeria is their birthright.I'm

A country where federal government jobs and scholarships are given to north while the SS/SE are left out.

A country where the President threw decorum to the winds and declared that he would marginalize the SS/SE region because they gave him only 5% vote.

Such a country isn't worth my patriotism.

I'd rather be patriotic to America than Nigeria.

Thank you.

The fact is, we have no country to call ours other than Nigeria. If the country gets better, it will be to our collective glory. Just like when Nigeria wins world cup, all Nigerians shares the glory together including north, east, south south and south west. If the economic conditions continues to deteriorate, all Nigerians will suffer it as well. Americans, Germans and other developed economies out their got their growing economic indices from one thing, "Patriotic Citizens". It is part of their culture, way of life. It is the reason why Americans and these developed economy continue to make movies that celebrates patriotic Citizens. The objective is really to reinforce the ideas and ideals of patriotism. Watch movie like "Edgar Hoover" and you get what im talking about.

I agree with your point on federal government. They need to treat citizens as equal. They need to lead by example, ensure needs of all citizens matters and becomes their utmost priorities.
I believe a responsible government can achieve this. It start with strong ideas, purposeful planning and careful execution. If we want Nigeria to work, there has to be structural and systematic patriotism. There is no way around it.

I think it is high time the government put efforts in place to ensure and entrench patriotism among citizens. Government need this now more than ever. This should rank parri passu, with accountability and transparency. The same level of resources used to tackle corruption, transparency including; financial, media, propaganda, time and others should be used to develop patriotic Nigerians.

I think this is a very important policy, and should be pursued and supported by all. With this policy in place, it should drastically reduce our security risk.

poshestmina:



Staying with a broke,lazy, unfaithful drunk will make her the Bey of Naija?

I know Tj to an extent, dude is one messed up and arrogant womanizer
Better to be a divorcee to be a dead or hypertensive married woman

What an irony of life. Isn't it funny for women to swing the pendulum the way it suits their lifestyle. When Whizkid had a baby with the 2nd baby mama, a lot of women were advising the girlfriend to hang in there, that she's put in some much time, she'll soon reap the fruit of her labor while ignoring all of Whizkid's shortcomings.

Now the story has changed when it comes to this Tiwa saga.

Godisfaithful:



Na so boss . Naa our Oga at the top Agbalowomeri get all the portfolio for NSE

All the portfolio, common be real. Agbalowomeri only has 2 stocks in his portfolio; Afriprudential and Ucap.

feelamong:


how dem wan take declare am?

BTW who Lifestock dividend don epp?

Just keep loading....and be prepared for 100% return when that news I have been waiting for hits the news stands..

Oga feelamong, share this news now.

TonyeBarcanista:

The benefit are enormous though not immediate, it outweighs the suffering we are subjected to at present

Can you please highlight those benefits.

They are testing public opinion. There is nothing wrong with that

When are we going to get to the end of this. This is like a never ending situation. The moment you think you have a clear path, thats when you face new problems. When are these people going to get their act together, so that the president can sign the budget.

These people just like to steer and use these ethnic cards when it suits them. Why are we so gullible? Why do we allow ourselves to be used like chess game. This man is just looking for public sympathy and support from SS/SE over senate presidency. He knows Saraki will resign in due time. After that, he needs public support for the position. That strategy will not work.

Intendy:
I expect interest rate to still be hiked @ next MPC meeting due in May about a month time.

Still in support of this for now cause of what is on ground

I believe we know the rest.
Good morning

I doubt if cbn will raise interest rate. While I'm conversant with the comment made by the CBN governor about raising interest rate, I doubt if they'll eventually toil that line of action again. Because, this is against the principle and strategies for creating an industrial economy. When you raise interest rates, you automatically increase cost of debt and overall cost of operations. That will compound our situation, and bring us back to old age. I think cbn will find other means of taming inflation and liquidity.

I don't envy the CBN right now. Are we to expect another rate hike and crr increase? This is crazy

willyede:

Does anybody in the house have any info about Etranzact they have been on the high of late

Devil is in the volumes. The stock has been moving on volumes less than 100k per day. Today, it climbed 16 kobo on only 50k volumes.

locodemy:


Intendy is one of the most respected people in this nairaland but why did you tell us that may&baker is paying 6kobo and up till now no result is seen...........i will only pardon you if you were dreaming when you posted such news...........but if not kindly take this 24 strokes of cain..................

It's true. It was reported by Thisday newspaper yesterday. See link below

http://www.thisdaylive.com/index.php/2016/04/07/may-baker-to-pay-n59-million-in-dividends/

While I agree that it's not impossible to build refinery/ refineries, it requires much more than the poster is projecting. If it is that easy, why is Amakpe refinery struggling to build 6000 BOPD refinery? Why is Oriental refinery struggling to build their refinery, despite all the funding they've raised within the past 12 years?

Building refineries requires proper planning, adequate financial capacity and support from all stakeholders including; government, host communities and all other citizens.

ufotty2001:
that is a good coy i need to look into before they will release their report but they have good dividend payment... abeg do your dd

They paid 5 kobo last year. It will be nice if they can pay higher dividend. The question is, would their high debt allow them to?

OKKO:


It is no longer a news that Kaduna refinery can not handle Nigerian type of crude oil. We import crude oil to feed it and it helps to provide for a part of daily PMS requirement of the country.

Because Kaduna refinery is a "very complex refinery" does not mean it cannot handle/process light crude. The argument of why we import heavy crude to feed Kaduna refinery has always lies on the petroleum products yield.

Plus, the article did not mention that we are importing crude to feed any facility; be it Kaduna, Warri or Portharcout. Nor did it mention what type of crude we are importing.

Are we importing crude oil or petroleum products? This is really junk journalism. I'm surprise the writer cannot differentiate between crude oil and petroleum products.

Courtville with their impairment disclosure, traded 15 million shares today. What is going on, any news?

Marketing/advertising 101...what happened to pricing?

Jejebaba:
Pls who is the registrar for Ucap?
Thanks

Africa Prudential Registrars

I'm guessing the reason why we have this article now is really to justify the devaluation of naira. Naira is not going to be devalued. Egypt economy is totally different from Nigerian economy. It is not a monolithic economy like Nigeria. So, the comparison is totally off the mark.

Guys, can someone please explain to me how the positive and negative change in daily stock price is calculated? How many units of stock supply (offer) needs to happen to effect negative share price and how many units of demand (bids) do you need to have to effect positive share price.

Mfunkynation:
@Intendy, Please in the e-dividend form for Africa Prudential Registrar
It asks for Shareholders Account No. (if known)... what account is that?
is it CSCS Account No?

kindly help out

Intendy:

it means your shareholding account of the respective stock.
leave that to them.don't write anything if you don't know it

It seems the bank will not process your e-dividend application if you don't provide them with the shareholders account number. They will reject your application. How do you resolve this issue, most especially when you don't know your shareholders account number?

WeNigerDelta:


I think I understand what JIJO means, it's pretty much what we call trading the MOMO, follow the trend of a stock for a quick 5, 10, 15 or 20% profit, it's also called scalping.
Short selling on the other hand is the opposite of a long position. In a long position you want the stock to go up and you make money when that happens. Short is the reverse, you want the stock to go down and make money when it does...

Long position simply means you're holding the equity for a very long time. Short position means the reverse, you're holding the equity for a short duration. Short duration may be for one day, 3 months or 6 months depending on one's definition. Shorting a stock in principle is the same as JIJO. Objectives, strategies and practice of "short" differs when comparing developed economies with emerging markets. This is because developed economies have advanced financial instruments such as derivatives; options, swap, forwards that makes shorting an asset more apparent, effective and efficient. While these instruments are not available in our market.

WeNigerDelta:
I have been an adherent follower of the thread, and there is something I have come to notice or maybe it skipped me; there is always only one side to a trade.
Everyone is trading/investing in everything to the Long side. I have never read or heard anyone talking about shorting or short selling. Is there no short selling in d Naija Exchange?

If so, then it really is off putting. Everyone should have a right to say if a company is gonna be good or bad and trade off that, either to the long or short side.

If you've been an ardent reader of this thread, you would have read about the popular terminology "JIJO". Jump in jump out is the same as taking short position.