₦airaland Forum

Diamond Bank, just like Fidelity Bank, has a good prospect of becoming a good stock in the future. It might take time, but the management style and their products show they can pull through to become a sweet sweet stock. My view though.

wanaj0:
If person go chop Lizard, at least chop the one with egg

Out of ALL the banks on the NSE, why will I look at Diamond? Is it the wonderful management, great performance or just for my gambling experience

Photos from Ongoing Wema Bank AGM in Lagos
https://www.businesspost.ng/2018/05/09/photos-from-ongoing-wema-bank-agm-in-lagos/

ICPC Files Charges Against Former SEC Boss Mounir Gwarzo
https://www.businesspost.ng/2018/05/09/icpc-files-charges-against-former-sec-boss-mounir-gwarzo/

Reps Invite 100 Capital Market Operators for Questioning
https://www.businesspost.ng/2018/05/09/reps-invite-100-capital-market-operators-for-questioning/

Oil Prices Skyrocket Wednesday after Trump Cancels Iran Deal
https://www.businesspost.ng/2018/05/09/oil-prices-skyrocket-wednesday-after-trump-cancels-iran-deal/

Wema Bank Holds AGM Today in Lagos
https://www.businesspost.ng/2018/05/09/wema-bank-holds-agm-today-in-lagos/

T-Bills Yields Surge by 0.15% as Market Remain Slightly Bearish
https://www.businesspost.ng/2018/05/09/t-bills-yields-surge-by-0-15-as-market-remains-slightly-bearish/

By Benita Ayo

It is to be expected in every human relations for conflict to arise. By its nature, the relationship between an employer and the employee is contractual and thus, any breach of the terms of contract is treated as a fundamental breach to which the aggrieved party will be entitled to damages.

The relationship between the employer and the employee is often governed by the contract existing between them stating various terms relating to the relationship.

Termination versus Dismissal: Differences in Between

While termination is bringing to an end to something, dismissal is the act of ordering or allowing someone to leave.

In light of the above, the differences between these two is that in the first situation (Termination), a party is merely exercising his rights in an agreement regulating the relationship and the affected party has a say in how the right is exercised. It is bringing the contract of employment to an end after giving the required notice or payment in lieu of notice. Termination is a mutual decision. In this case, the employee is entitled to payment of benefits.

In the case of dismissal, the employer simply removes the employee without any notice given or payment in lieu of notice.

The court has made some distinction between these two in the case of SEVEN UP BOTTLING COMPANY PLC v. AUGUSTUS (2012) LPELR-20873 where it held thus “It is trite that “dismissal” of an employee by the employer translates into bringing the employment to an end while under “termination of appointment”, the employee is enabled to receive the terminal benefits under the contract of employment. The right to “terminate” or bring an employment to an end is mutual in that either party may exercise it. “Dismissal” on the other hand is punitive and depending on the contract of employment entails a loss of terminal benefits. It also carries an unflattering opprobrium to the employee.”

From the above authority, the differences between termination and dismissal are;

Termination is a right exercisable under a contract of employment and it is a mutual decision while dismissal is a punitive measure for the wrongful conduct of the employee.

Where a reason is given for bringing the relationship to an end, this will amount to dismissal but where a reason for bringing the relationship to end is not given then this will amount to termination.

An employee is not entitled to receive terminal benefits where he is dismissed but he is entitled to such benefits where the employment relationship is terminated.

Notice or payment in lieu of notice is given to the affected employee in the case of termination. This is not the situation with dismissal.

Elements of Termination and Dismissal

The element(s) of termination and dismissal include;

Termination

Explanation for disengagement is not required

A month notice or payment of one month salary in lieu of notice is required

The disengaged staff is entitled to terminal benefits

Dismissal

Reason for disengagement must be given

A month notice or payment of one month salary in lieu of notice is not require

In most cases, the dismissed staff is not entitled to terminal benefits

The dismissed staff must be confronted with the allegations against him, accorded fair hearing and be made to appear before a panel before sanction.

Damages Applicable to Wrongful Termination

The damages applicable to wrongful termination is that the Claimant becomes entitled to the salary and other entitlements already lawfully accruable. This covers the period within which the employer would have lawfully terminated the contract of employment.

In the case of OSISANYA v. AFRIBANK (NIG) PLC (2007) 6 NWLR (PT. 1031) @586 PARAS. D-E (SC), the Appellant was an employee of the Respondent. Two individuals alleged that the appellant had committed some dishonest acts in the course of his duties under the respondent. In consequence, the appellant was suspended from work.

However, those who wrote the petition later withdrew it. That appeared that the petition had been motivated by malice. The appellant’s expectation that he would be recalled from suspension following the withdrawal of the petition did not materialize.

Rather, the appellant by a letter dated 12/10/87 was summarily dismissed from the respondent’s employment.

Read more here https://www.businesspost.ng/2018/05/08/damages-recoverable-for-wrongful-dismissal/

By Benita Ayo

These days, Nigerians are highly interested in acquiring properties and with the spate at which properties are marketed by real estate companies as well as private property owners, the need to exercise caution and be alert cannot be over-emphasized.

Stories are rife where purchasers of real property discover shortly after making payments that the title hitherto transferred to them is faulty.

Perhaps, a lot of hassles and stress may have been avoided if certain precautionary steps were taken prior to the purchase of a property.

It is no longer news that the courts are burdened with claims bordering on declaration of title to land and all other ancillary matters.

In all of these, how do you ensure property transactions being involved in are clean and free of different issues?

This article brings you the dos and don’ts, which are presented below;

The Dos

In view of the foregoing, it is thus advisable for anyone contemplating the purchase of property or investment in any kind of real estate to;

Secure the services of a good real estate lawyer having a thorough knowledge and experience of real property transactions for professional advice and consultation.

Ensure that all dealings in respect of the transaction be handled and dealt with by a competent legal professional.

Be patient enough to do due diligence before making any decisions

Always do your business through a property lawyer, they are in the best position to advise you and protect your interest

The Don’ts

Never invest in property or go into such transactions without consulting with a lawyer (BIG RISK)

Never stop asking questions even the tiniest bit of questions (THEY CAN SAVE YOU AN INVESTMENT)

Beware of the OMONILEs, always do it the legit way

A WORD OF CAUTION: Never, and I mean NADA! ever take matters into your own hands. Always pass any information relating to your proprietary interest to your lawyer for proper and professional attention.

Benita Ayo is an Associate/property consultant with Ayodele, Olugbenga & Co., 57, UBA HOUSE, 9th floor, Marina, Lagos. She may be contacted on: WhatsApp: 08063775768 and email: benny_ayo21@yahoo.com.

https://www.businesspost.ng/2018/05/08/the-dos-and-donts-of-property-transactions-in-nigeria/

Late Accounts Submission: NSE Fines First Bank, FCMB, 10 Others N49m
https://www.businesspost.ng/2018/05/07/late-accounts-submission-nse-fines-first-bank-fcmb-10-others-n49m/

Stocks to Buy, Sell, Hold at the Stock Market This Week (May 7)
https://www.businesspost.ng/2018/05/07/stocks-to-buy-sell-hold-at-the-stock-market-this-week-may-7/

CBN Rakes N745b from Sales of T-Bills via OMO, Primary Market
https://www.businesspost.ng/2018/05/06/cbn-rakes-n745b-from-sales-of-t-bills-via-omo-primary-market/

Transcorp Expresses Determination to Develop Oil and Gas Assets
https://www.businesspost.ng/2018/05/04/transcorp-expresses-determination-to-develop-oil-and-gas-assets/

Union Bank's Financials Undergoing Finalization with Regulators, Auditors
https://www.businesspost.ng/2018/05/04/union-banks-financials-undergoing-finalization-with-regulators-auditors/

Fidelity Bank Mulls Raising Fresh Capital in 2018
https://www.businesspost.ng/2018/05/04/fidelity-bank-mulls-raising-fresh-capital/

Please next time, never reveal the source of your information of those you spoke with when they never give you the permission to do so.

Mentioning the Morgan Capital Group CEO's name here is totally not okay and I am sure he will be careful of information he releases to you next time.

onegentleguy:
After someone here had repeatedly posited that the price of Dangote Flour is been manipulated, I decided to follow thru with some investigation yesterday.
...and YES I can now confirm without an iota of dispute that the stock is indeed been manipulated.
Let me leave out my findings for yesterday since that is currently still under some investigation.
But here's what happened this morning;
Precisely at between 9.16- 9.20 am, the very 1st 5 to 6 trades that were executed on DF were done at trades of N11.50, N12 and N12.05. ...It opened at N11.50, went up to a high N12 and N12.05 before dropping back to N12.
...and since these trades were done at above the bulk of 50,000 units which is required for any stock above N5 (category B stocks) to capture the high and low intraday prices, N12.05 thus became the day high, while N12 became the day low as at the time.
I personally saw these trades myself on the morgancapital platform. ...they were actually the 1st 5 to 6 totalling a little above 600,000 units in volume.
But all of a sudden, the high and low of the trades were pulled off.
On noticing this I immediately put out a call to the current CEO of Morgancapital, Sir Muyiwa. ...there and then he also confirm my observations as explained and even confirmed that some of the aforementioned trades were done by customers of Morgancapital.
...so why was the said trades taken down? he would'nt know, but assured me he'll get to the route of this and get back to me. I am still on with him, but meanwhile my simple advise is this;
If u own this coy (DF), don't sell. Take it or leave it, the price is currently been manipulated.

...more revert in due course.

$2.5b Currency Swap: CBN Appoints Four Lenders as Settlement Banks
https://www.businesspost.ng/2018/05/04/2-5b-currency-swap-cbn-appoints-four-lenders-as-settlement-banks/

Mixed Feelings Trail Diamond Bank's Delay in Filing FY17 Earnings
https://www.businesspost.ng/2018/05/03/mixed-feelings-trail-diamond-banks-delay-in-filing-fy17-earnings/

Nigeria, China Finally Sign $2.5b Currency Swap Deal
https://www.businesspost.ng/2018/05/03/nigeria-china-finally-sign-2-5b-currency-swap-deal/

These Nigerian Companies Grew Dividends by Over 100% in 2017
https://www.businesspost.ng/2018/05/03/these-nigerian-companies-grew-dividends-by-over-100-in-2017/

Four Best-Performing Equity Mutual Funds of Q1 2018
https://www.businesspost.ng/2018/05/03/four-best-performing-equity-mutual-funds-of-q1-2018/

Stock Analysis: Nestle Nigeria Q1-18 EPS Behind Expectation; SELL
https://www.businesspost.ng/2018/05/02/stock-analysis-nestle-nigeria-q1-18-eps-behind-expectation-sell/

Stock Analysis: FBN Holdings Gets ‘Hold’ Rating After Weak Performances
https://www.businesspost.ng/2018/05/02/stock-analysis-fbn-holdings-gets-hold-rating-after-weak-performances/

CBN Sells N191b Treasury Bills Today at Primary Market
https://www.businesspost.ng/2018/05/02/cbn-sells-n191b-treasury-bills-today-at-primary-market/

Fidelity Bank and Diamond Bank are two mid-lenders investors should look into. They have prospects of yielding cool returns in the near future.

Toluway:
Wonderful! Some blokes here are already thinking the Bank is dead .

FY 2017: Fidelity Bank Records 94% Rise in Profit, Pays 11 Kobo Dividend
https://www.businesspost.ng/2018/04/30/fy-2017-fidelity-bank-records-94-rise-in-profit-pays-11-kobo-dividend/

Q1 2018: Japual Oil Posts Weak Results, Declares N3.2b Loss
https://www.businesspost.ng/2018/04/30/q1-2018-japual-oil-posts-weak-results-declares-n3-2b-loss/

Stock Recommendation for this Week (April 30)
https://www.businesspost.ng/2018/04/30/stock-recommendation-for-this-week-april-30/

Golden Guinea Breweries Gets N3.6b Grant to Revive Operations
https://www.businesspost.ng/2018/04/29/golden-guinea-breweries-gets-n3-6b-grant-to-revive-operations/

Cordros Research Maintains ‘Sell’ Rating on Cadbury Nigeria
https://www.businesspost.ng/2018/04/29/cordros-research-maintains-sell-rating-on-cadbury-nigeria/

What Affected our 2017 Performance—Access Bank GMD
https://www.businesspost.ng/2018/04/28/what-affected-our-2017-performance-access-bank-gmd/

Chaos at FCMB AGM as Shareholders Exchange Harsh Words
https://www.businesspost.ng/2018/04/28/chaos-at-fcmb-agm-as-shareholders-exchange-harsh-words/

No mind dem. very horrible

TLAX:
Mtchew..den no even fit scan the thing well.

MTN yet to Apply for Proposed $500m Nigerian Public Offer—Report
https://www.businesspost.ng/2018/04/26/mtn-yet-to-apply-for-proposed-500m-nigerian-public-offer-report/

Cadbury Nigeria Profit Falls by 76% to N22m in Q1 2018
https://www.businesspost.ng/2018/04/26/cadbury-nigeria-profit-falls-by-76-to-n22m-in-q1-2018/

Haaa, see money. Shey make I send my account?

aremso:
Just looking at all of u and catching my fun
I bought df @ 5.30 sold at 13.75 pls talk another one oooooo am watching u all and laffin ooo. Gt @ 18 sold at 42.76 so continue oo

Foreign Investors Put N70b on Nigerian Stocks in One Month
**As Total Transactions Rise by 28% in March
https://www.businesspost.ng/2018/04/26/foreign-investors-put-n70b-on-nigerian-stocks-in-one-month/

Our Digitisation Strategy Rapidly Yielding Results—Ecobank
**As Shareholders Laud Return to Profitability
https://www.businesspost.ng/2018/04/26/our-digitisation-strategy-rapidly-yielding-results-ecobank/

Diamond Bank Sells 100% Stake in UK Subsidiary
https://www.businesspost.ng/2018/04/26/diamond-bank-sells-100-stake-in-uk-subsidiary/

Nigerian Stocks Lose 0.12% as Market Corrections Persist
https://www.businesspost.ng/2018/04/25/nigerian-stocks-lose-0-12-as-market-corrections-persist/

You no lie at all. The market has been slow and there is no hope of it getting better next month or the next or the next as we draw close the polls.

The only thing is that the bears give opportunity to smart investors to buy at low price.

investman:
From the results released so far and the present market condition, all the noise about "the coming bull", " the coming bull", and about "2018 being d bullish year" seem not to hold water. Cos aside for January's bull I don't see any other major general rally this year, except isolated average rallies for a few stocks.
More so the market makers have succeeded in depressing the market to their own advantage.
So they do whatever pleases them with d stocks. Like I will always say we are at their mercy so whatever noise we make here has no influence on market being bullish or otherwise!

Q1 2018: Access Bank Profit Drops 1.3%, ROA Loses 8%, EPS Down by 1.3%
https://www.businesspost.ng/2018/04/25/q1-2018-access-bank-profit-drops-1-3-roa-loses-8-eps-down-by-1-3/