₦airaland Forum

Rizin:
The Central Bank of Nigeria (CBN) has
banned nine deposit money banks (DMBs)
from the foreign exchange market, for hiding
over $2 billion belonging to Nigerian
National Petroleum Corporation (NNPC)
from the Treasury Single Account (TSA).
According to Channels TV, President
Muhammadu Buhari has been briefed on the
breach by the banks, and they have all been
mandated to move the monies to the
treasury single account.
At the full implementation of the TSA in
2015, the CBN had warned that banks who
not totally comply with the TSA remission
plan of possible fine and stringent
punishment.
While unveiling the guidelines for foreign
exchange trading in June, the CBN reiterated
the need for banks to comply or face
suspension from the forex market.
The CBN may take action against any FXPD
that fails to comply with the standards set
forth in these Guidelines. Such action
will vary depending upon the type of non-
compliance, but may range, for instance,
from fines, suspension from any or all
FX operations for a period of time to
termination as an FXPD,” CBN had said.
In October 2016, the CBN fined two leading
banks for the same offence repeated in
2016, leading to the payment of over N4
billion to the apex bank.
This time around, all the banks involved are
barred from the forex market until they fully
refund the $2.1 billion held up in their
coffers.

please who knows these nine banks. they have been on the watch list of cbn and now this.

Please whoever that knows these banks should tell us to safeguard our hard earned money. The economy now is not so good that somebody should loose a dime. i can still give u my email if you want to give me privately. i can not guarantee any bank now

Well I am confident FBNH won't want to be caught in this web again having coughed out over 1b d last time

Talk to your stock broker. They'll fix it for you

ihedioramma:
Intendy, what can i do about this, they take money for trade alert from me why i dont get any alert ?

quertyquack:
How can your interest be more than your principal?
Check your numbers again.

The amount I quoted is how much I expect to be deducted which is the over 170k to get back 200k after 91 days

To aid my understanding,I'll like to paint a scenario about buying in the next a auction.

I was told by stanbic d 91days rate for d next auction is 14.99%. I plan getting 200k for instance on the day of maturity.

From my understanding, I'll be buying with 170020 naira to get d 200k at the end of the 91days.

Pls my ogas here, make una tell me whether my analysis is right cos I plan buying in the next offer.

Thanks

5.60

ogoo4real:
What's access current price please

No if that's the qualification date

nija4us:
Please if I sell my Zenith bank on Monday 22nd August, will I still qualify for dividend?

Transcorp Hotels(TRANSCOHOT as listed on NSE) is different from Transcorp's other businesses in the conglomerate. The hotel biz is listed separately and they shud be d ones building new hotels.

kentoto:
People,
I just saw this now, e bi like say transcorp na one chance oh.
Transcorp talking about building hotel, so what's transcorp hotels business. (Drain pipes)?.

https://www.proshareng.com/news/Investors-NewsBeat/Transnational-Corporation-of-Nigeria---F/32077

Now I understand why some folks tagged you a monkey hunter. Few weeks back, you were here shouting that Total will not sustain its uptrend in the short to medium term. Today, you're claiming Total is game. Nna, be careful what you post and be a man of integrity you hear.

godlyguy:
TOTAL OIL is a game... I have never liked any stock because their management don't care about me... I am in it for THE MONEY

THE BIG SMART GUY

FBNH - 3.05

You know as area tight for most manufacturing firms these days na my oga, na him make me fear weda dem fit declare a lower profit like their counterparts too. But from their Q1 and Q2, seems they heading ahead ahead like they say in the oil field

Lets see how well the bull can carry them till Friday.

feelamong:
wetin been dey fear you...

This guys are on the right path...now making profits..

I expect them to use this recession period to consolidate well as money no dey for expensive brands now

would wait to see if they will fall to my usual range of N2.50 to buy more...

FInally my fears are over . If this guys choose not to declare dividend by year end enh, d bear that will hit the stock is doing pressup

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/14674_CHAMPION_BREWERIES_Q2_JUNE_2016_FINANCIAL_STATEMENTS_AUGUST_2016.pdf

They must have sold already and you cant store tomatoes for so long. That's y theyre called perishable goods

Theoritical:
I pity those marketers who bought during scarcity" they we be@loose now.

http://www.thisdaylive.com/index.php/2016/08/01/price-of-tomatoes-crashes/

A small basket of tomatoes, which sold for N25,000 in May, now sells for N800 in Kaduna.

It had been all anger and pains for households as the price of tomatoes hit the roof across the country as a result of scarcity caused by ‘Tuta Absoluta’, a pest also known as “tomato ebola”.

This affected the crop in most parts of the North-west, notably Kaduna, Jigawa, Katsina and Kano States.

As a result, the basket prices jumped from the range of N800-N1200 to between N25,000 and N40,000 at the height of the crisis.

At the Line Dogo (rail line) tomatoes and vegetable market in Kaduna on Saturday, it was a beehive of activities, reported online news website, The Cable.


Buyers could not believe their eyes, as tomato prices had crashed to a two-month low.

Abass Mai Tumatur, chairman of the tomato sellers said it was a “pleasant relief” for everyone as tomatoes are now available and in large quantities.

“Tomato scarcity is nothing new, but it was made worse this year by the invasion of the moth,” he said.

He said the insects mutate more during the dry season but don’t survive during the rainy season.

“The rains coupled with the efforts of government have helped tremendously in making tomato available,” he said, praising the government for the “timely intervention”.

He assured the public that the worst was over “and hopefully for good”.


Farmers were left stranded and helpless as the moth ravaged their farms and left destruction across the farming community, making a pot of soup as expensive as gold.

Hotels and restaurants, in particular, faced a nightmare as the crisis also shot up the price of canned tomato paste.

Many were not aware of the reasons for the scarcity as frantic efforts were made to address the situation.

Nasir el-Rufai, the Kaduna State Governor, declared a state of emergency and dispatched officials to Kenya to find ways of tackling the ravaging insects.

The cost of the destruction in the state, according to el-Rufai, was close to N1 billion.


Audu Ogbeh, Minister of Agriculture and Rural Development, also commissioned experts to find solutions to the disease outbreak “as soon as possible”.

The insect originated from South America around 1912 and has spread to other parts of the world.


Reports suggest the insects came to Africa through Republic of Niger.

Only because its risk free makes it good but on d other hand, stocks na still baba. Thanks for d info

feelamong:
All bank interest are calculated per annum

How's this percentage calculated, 20% monthly or 20% yearly

feelamong:
With 20% pa return on 364 days Treasury bills...

I dont see any one putting in much money into any stocks now..

bye guys..we would be watching from afar to see when new opportunities emerge..

Sold most of my stocks and taken the small loss ....still invested in Access and UBA

When did the FG become a charity organization

ihedioramma:
FG releases #150 bn for Nigerian woman .

Can anyone give the link to get corporate action/Closure of register for 2013. Doing some permutations in my portfolio and need to get my figures right. I don check NSE tire.

Thanks

Madam, Is Vitafoam owing any bank loans of any kind?

mercylicious:
The only stock DT can go long term in my portfolio is d stock I can't sell. Like investment and alliance, etc

Also investments DT I've lost d certificate like lotus capital halal fund DT was packaged for us like stock.

I don't trust stock MKT , so I keep moving my money to real estate which is more stable when it gets to a certain threshold.

Turkey coup plotters didn't do any deal through our bank o. That's the msg

mrsage:
Can't open this. Kindly explain pls

Intendy:
stocks with new 52 weeks low

7up #133.00k

lafarge wapco #58.00k

UBN #4.40k

Pharma deko #1.64

Uacn properties #3.71k

No new high except for dangote flour cause of the change of name from tigerbrand

Seems any change in anything triggers a price increase here

Pls can you give a summary. Been trying to load the result to no avail for over 10mins now

megainvest:
The elephant has landed

http://www.nse.com.ng/Financial_NewsDocs/14357_FBN_HOLDINGS_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

Tank you

Intendy:
my oga this is just an information I passed across.
its left for every investor to decide which camp he/she will pitch the tent.
either to continue buying @ a discount on the floor or to take your allotted shares via the right for some other reasons.

Chief, can you expatiate on the bolded. Why will I want to pay to get 1new share for 1.10naira now when the stock is trading below the right price instead of going to buy at the low price now. Thanks

Intendy:
Livestock Feeds Plc Proposed Rights Issue Dealing Members are hereby notified that Livestock Feeds Plc (livestock Feeds or the Company) has through its Stockbroker; Cashcraft Securities Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,000,000,000 Ordinary Shares of 50 Kobo each at N1.10 per share on the basis of 1 new ordinary share for every 2 ordinary shares held. Qualification Date for the Rights Issue is today, 25 July 2016.

This guys don't really manufacture the drugs they sell. The bulk of what they do is market quality drugs they import. Am sure FOREX hit them hard. It will be beta in the long term anyway

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14346_FIDSON_HEALTHCARE_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

SERIOUS CARNAGE....88% DROP IN PAT

Come una no dey use drugs cure una malaria again for Naija?

sad that no Agbo jedi coy is listed here

Just why do they have to pay the token. Don't they pay tax already?

seguno2:
Is the TOKEN not payment?
Who is Audu Ogbeh DECEIVING?
None but himself and their zombies surely.
We are not deceived.
No, we are not.

Its very funny its tagged juicy because d guy will be able to steal or make money from it while all he's suppose to get is just his salary and basic allowances.

Abeg when will Labor start going on strike because of all ds kind of nonsense. They wont revolt against senators getting immunity against their corrupt act but will revolt against fuel.

Idonwakacomot

Bl

Ontop s mata ds bros don turn Apostle

locodemy:
I know that my redeemer liveth......i know he will not disappoint me.......he has promised and he will never fail........God i pray for my company Oando to survive this hard time.......i also pray that from today, may the share price reverse to upward trend and never fall below #5 again in jesus name ......Amen.........i will put my trust in God and wait for you at KM10.

My oga, Is there any specific date which one must sell to still qualify. Say the closure date is between 18 - 22 of July [/b]for instance and I've bought the stock since June. [b]If I sell the stock today 2oth of July, do I still qualify for the dividend and bonus declared?

Sir Intendy, Godisfaithful et al, Pls ur response

Godisfaithful:
As Sir Intendy stated, you will be qualify for the dividend (and bonus) and this depend on when you enter or bought the stock!

Everything seems bleeped up this morning. Cud this be deliberate

Why like this Baba

nzeobi:
Am also planning to come over to dubai but this story is discouraging.
The best solution I can give now is for your friend to pray and to look for a powerful man of God here in nigeria that is if he is a believer.

1.725%, Sell @ 2.025%. Sum= 3.75%

ihedioramma:
New one and how much they charge you?