₦airaland Forum

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.

They're looking for an avenue to set up a base in Africa.

In the next 6-18 months, people will begin to appreciate this woman's effort based on result. I admire her zeal, passion to turn around our punctured and deflated economy. I pray that God see her through in achieving all of her economic objectives for Nigeria.

Nice one baba...Nigeria will surely rise again. All you speculators, saboteurs, propagandist will surely fail. Our institutions will rise, our industries will flourish again and Nigerians will be more patriotic than ever.

God bless PMB
God bless Nigeria
God bless Nigerians

These people talking about world class coaches forgot that you need world class experience to showcase world class talent. If we Nigerians, government are not ready to provide the platforms, to create and nurture world class experience, so how are they supposed to get there? Nigerians need to believe in Nigeria. We need to support one another to grow and develop. This is one of the best avenue to achieve this.

Waiting to see how this movie will end. Great start for now

Yes, I will still vote for that man.

Before we devalue the naira, we need to understand the short and long term implications of our actions. We need to be able to compare potential benefits of devaluation vs. implications surrounding devaluation. We need to understand the cost benefit analysis of this decision before we make it.

1. We need to the understand implication of devaluation on Inflation. CBN and other concerned agencies should be able to forecast and tell us what the inflation rate will be in the next 10 -15 years, based on devaluation.

2. We need to understand the implication of this decision on interest rate going forward. What would be 10 -15 years forecasted interest rates as a result of inflation?

3. We need to understand the CBN's stand on exchange rate stability based on devaluation.

4. What will be the implication of this decision on employment? If this is going to create employment, by how much and how are these jobs going to be created.

https://www.youtube.com/watch?v=COdxIAGJEmg

It was the mistakes of their Era that is manifesting now. When you don't reinforce and enforce morals, proper attitude in your kids and your communities, that's what you get. Imagine our leaders that fraudulently enrich their pockets, by continously and consistently padding the budget. Leaders that buys exam papers for their kids. What kind of morals do they want to teach their kids or people they are role models to?
They also forget that whatever they do, upcoming generation wants to copy. If they steal and bribe their way to cover their tracts, upcoming generation will learn from that wealth of experience and use similar strategy to execute higher stealing.
Parents prayers has always been for their children to be better than them. I guess our leaders prayers are about to come to past.

It's not too late for our leaders to change. For them to create and enforce a system of high moral values, positive attitude, and a system of patriotism. Culture corrupt absolutely, just like power. If we have the right culture and system laid down by our leaders, we can only make it better. We will learn from their wealth of experience of shear hardwork, perseverance, dedication, establishment and patriotism to improve on the system. But, if they passed down negative culture and system, it can only get worse. Because systems built on lies, deceit and short cuts will create results of similar values and virtues.

[center]Key takeaways of Modi's speech at Make in India function[/center]

Welcoming friends from abroad, industry captains, ministers and the audience in general to the Make in India Week, Prime Minister Narendra Modi said that 65 per cent of the Indian populaton is under age 35. Youthful energy is the country's

greatest strength and Make in India has been launched to generate employment, create opportunities for youth.

The key highlight of his speech was his emphasis on deregulation, decentralisation and tax reforms in a bid to invite global business to participate in making India the global manufacturing hub. Excerpts of his speech:
Our aim is to make India the global manufacturing hub, and to ensure that the manufacturing sector's contribution to GDP rises to 25%
We are committed to making India an easy place to do business and have laid all round emphasis on ease of doing business
Make in India Week is an oppoprtunity to take stock of how we have performed and the work out the road ahead
I encourage all of you to see for yourself the direction India is taking
Within a year's time, Make in India has begun the biggest brand India ever created. It has encouraged us to integrate wih the globe.
India is the most open country for FDI and most sectors are on automatic route today. FDI inflows is up 48 per cent since my govt came into office
FDI inflow in December 2015 was the highest ever in the country -- this, when global FDI had fallen.
We have taken a number of corrective actions on taxation and have said will not resort to retrospective taxation
In the manufacturing sector we have taken decisive steps in this directiom such as licensing, and cross border business
From licensing to export regime, we have given what the defence industry was looking for
This year (FY2016) we will record the highest ever coal production
2015 was the year India recorded the highest ever power generation
Fifty new mobile phone factories set up during the past 10 months
159 electronic system design and manufacturing (ESDM) units set up in 2015
We have already enacted a law for fast-tracking arbitration
Formation of company law tribunal is in final stage. We will be putting in place IPR regime and hope to pass bankruptcy laws on priority
In 2014-15 contributed 12.5 percent to global economic growth. India's contribution to global economic growth is 58% higher than its share of the global economy
India jumped 12 ranks in the latest World Bank ranking on ease of doing business
We have opened up greenfield and brownfield projects to public-private partnerships
We have set up National Investment and Infrastructure Fund have come up with Tax free bonds in rail, road and irrigation sectors
No time for incremental changes, we want a quantum jump. We need to do this in a cleaner and greener way and are targeting creation of 175 Gw of clean energy capacity. There will also be emphasis on water recycling, green energy
50 cities earmarked for setiing up metro facilities; we have to build 15 million houses
India is characterised by three Ds -- Democracy, Demography and Demand. To this we have added the fourth D: deregulation. With this, India offers you a strong platform to explore your designing and manufacturing capabilities
Judiciary is independent and time-tested
We have launched a number of financing schemes to promote entrepreneurship. We have launched MUDRA scheme without any collateral and have asked banks to identify potential among backward classes and women
When we started Make in India, manufacturing growth was only 1.7 per cent; now in this quarter it is expected to reach 12.6 per cent
Highest ever software exports in 2015; Highest ever quantity of cargo handled by ports in 2015
You take one step, we will walk two steps with you. We want our youth to become job creators not job seekers. That is why we also conceived Start-up India
This century is Asia's century. I advise you to make India your centre if you want this to be YOUR century. This is the best time to be in India and even better to make in India

I pray this kind of governance culture permeates all nooks and crannies of our political landscape. The culture where politicians, administrators creates a system of accountability and transparency to spot malpractice easily wherever and whenever it rears it's ugly head. Also, where the system punishes perpetrators accordingly, to serve as deterrent to others. I applaud this move. Kudos to Nasir El Rufai and his team.