₦airaland Forum

DeRay98:
Who would be surprised when the Nigerian Medical Association has become a political body oppressing other health care professions rather than press for quality medical education and hospital and health care excellence.
When the best medical experts have been frustrated out by influential(politically connected) mediocres physicians.
Why is hospitals and health care in such a disarray? When All Health commissioners in all states are medical doctors,
When all Health advisory committees to all govt at every level is almost if all medical doctors
All ministers of health are medical doctors.
If a system is failing when only one set of professionals are in charge at all levels, wether administative or o5herwise, we should ask why?
It has become an issue dominance rather than team work that health care systems are meant to be. It's now a matter who gets the money....

You're just too right! The good ones are always frustrated out of the system,while the mediocre ones become the best. That is Nigeria for you.

mercylicious:
Happy val my peeps.

No Money No Honey! Money is the authentic fuel of romance.

Krisuba:
Can some one please post morgan account here or has it become a personal affair.their line was busy when i called.i dont want to wait for them n i cant find where it is in thier site!!

*PLEASE NOTE THAT OUR SKYEBANK ACCOUNT REMAINS AVAILABLE FOR YOUR DEPOSITS
FOR TRADES.*
Below is our Skye Bank Account Detail:
*Account Name: MorganCapital Securities (Client A/C)
Account Number: 1771365357*

Aashik:
Good evening my dear great investors, I am a newbie, so to say a novice.,

Please
How can I kick start my investing in stocks
Any recommended text will be greatly appreciated
Is there any whatsapp group for people like me as training ground
Where can I receive tutorial
Help your brother from another mother please..... Wanna join the hall of fame. Like you peeps have done..... Thanks in advance

Stock Investing For Dummies by Paul J. Mladjenovic is a great book for beginners! Just Google it,you will surely get the link(that was how I got a free copy of this great book).

Get ready for UCAP result and dividend(@ least 15Kobo)!

EDUECO:
This is a great sign that FCMB will likely gain at least 8% tomorrow!

It is now happening and it will still happen tomorrow!

stokfrick:
Exactly my thoughts! They make the rules such that they can exploit it to suit themselves. Just look at d very strong bid right now on DAT stock. Yet it can't even move. That's d height of manipulation!! And some one is here talking of rules!!

This is a great sign that FCMB will likely gain at least 8% tomorrow!

Raider76:
But why are they keeping the price band so narrow? You can't bid more than N0.90. Are some people holding it low so they can accumulate first?

It is likely,they don't want it to become TRANSCORP(a core JIJO stock)!

NuttyChoky:
I'm tempted to enter again

UBA is very likely to touch N3.00 before the end of February!

FCMB was on full bid yesterday and still on full bid! But has officially gained 1.12% today. Is like FCMB is about to take over retail banking in Nigeria,loan default is negligible in the retail banking sector with little risk.

Morgan iTrade is down again!

Everyone is just promoting the stocks they are already in! Who are those calling FCMB and SKYE penny stocks?

mrsage:
Now I'm confused.

He is telling you not to throw your money into eternal abyss;I mean,he is telling you not to throw your money away!

willyede:
Anybody in the house with any info as regards Capitalbancopr want to register with them need more info on who is presently making use of their service

Present Sir! Is okay,but less efficient than Meristem. I also use Morgan.

lancee:
They don start again. . You can't buying / selling

NSE is where I get part of my 'national cake' from,so spoilers should beware!

Who are those sabotaging Morgan iTrade?

lancee:
Pls house morgan working this morning ..help confirm

Morgan iTrade is not showing live data!

Mfunkynation:
thankz bosss...... the party will be on the floor NSE today

A Happy Birthday To You! More prosperous years.

FCMB Group Plc Announces 3Q15 Results

FCMB Group Plc announces a Profit before Tax of N2.6 billion for the nine-months, ended 30 September 2015.

LAGOS, NIGERIA – 29 JANUARY 2016: FCMB Group Plc (Bloomberg: FCMB) (“FCMB Group”) announced its Unaudited Group Results (though containing the Bank’s Audited Results), for the nine-months ended 30 September 2015.

Financial Performance Highlights:

Earnings Analysis:

Revenue of N109.3 billion for the nine-months ended September 2015, an increase of 2% from N106.7 billion for the same period prior year.
Profit before tax (PBT) of N2.6 billion for the nine-months ended September 2015, down 85% from N16.8 billion for the nine-months 2014.
Net interest income of N48.7 billion, for the nine-months ended September 2015, a decline of 1% Year-on-Year (YoY), from N49.1 billion for the same period prior year.
Operating expenses up 3% YoY to N50.5 billion, for the nine-months ended September 2015, from N48.9 billion for the same period prior year.
Financial Position:

Loans and advances up 1% YoY to N568.0 billion in September 2015 (N565.0 billion in September 2014), down 9% Year-to-date (YTD) (N618.0 billion in December 2014).
Total assets up 12% YoY to N1.17 trillion in September 2015 (N1.04 billion in September 2014), but flat YTD (N1.17 trillion in December 2014).
Customer deposits down 3% YoY to N703.0 billion in September 2015 (722.0 billion in September 2014) and down 4% YTD (N733.8 billion in December 2014), largely driven by the withdrawal of deposits into the Treasury Single Account (TSA) by the CBN.
Key Ratios

Capital Adequacy Ratio – 18.3% (19.0% for nine-months September 2014).
Liquidity Ratio – 35.8% (32.2% for nine-months September 2014).
Loan to Deposit Ratio – 80.8% (78.2% for nine-months September 2014).
Cost to Income Ratio – 73.9% (70.3% for nine-months September 2014).
Non-Performing Loans (NPL) to Total Loans Ratio – 5.8% (3.6% for full-year 2014).
Low-Cost Deposit Mix – 65.8% (65.7% for nine-months September 2014).
Commentary:
Mr. Peter Obaseki, Managing Director of FCMB Group Plc, had this to say about the results:

“The Group’s nine months’ profit before tax, dropped YoY to N2.6 billion, with the significant earnings drop largely coming from our commercial banking activities. This was caused by a specific impairment of N5.4 billion on a contracted receivable with a reputable and creditworthy going concern that we are hopeful of recovering and additional impairments of N6 billion on our loan book. Revenue also came under significant pressure due to various regulatory and macroeconomic headwinds, with the lull in the capital markets also adversely affecting equity capital transactions and other businesses under our investment banking arm. However, top-line revenue continues to hold up on the back of a strong and resilient retail business, transaction services and alternate channel offerings; improving liquidity and stable capital adequacy.

Against the backdrop of a weak macroeconomic environment, the priority in the coming months will be on cost efficiencies - especially cost of risk - capital preservation, loan and receivable recoveries and sustaining the momentum in our retail banking activities.”

Chibuking81:
Please join me to praise God as I celebrate my birthday today been 4th February 2016, I love you all.

A Happy Birthday To You! And many happy returns.

rebekah2011:
It is loss everywhere now. Why is this stock currently doing over 9.75%? NSE the more you look the less you see. This company is over leveraged. 164.9b in debts and 17.4b in finance costs as at Q3. Working for the banks. It should come down to around N10, I want to load more.

This is a case of 'a glass is half full and a glass is half empty',it depends on your perception! The future will tell who is right.

rebekah2011:
It is loss everywhere now. Why is this stock currently doing over 9.75%? NSE the more you look the less you see. This company is over leveraged. 164.9b in debts and 17.4b in finance costs as at Q3. Working for the banks. It should come down to around N10, I want to load more.

This is case of 'a glass is half full and a glass is half empty',it depends on your perception! The future will tell who is right.

chillykelly86:
The results being expected in the banking sector are not going to be good, if FCMB is anything to go by. We can safely assume that FCMB is this clear because their Q3 was audited. They're not the only banks with an exposure to the oil sector; if anything, they have one of the least exposures to the oil sector.

When other banks' books are audited, things will come out clearer. The huge dividend expectations may turn out to be a mirage. There may be a consequent stampede at the exit door instead.

I am selling down right now, as against popular opinion and I take responsibility for my actions. I could have kept quiet about this, knowing the sentimental backlash I expect, but let my conscience be cleared that I didn't hold back what may turn out to be useful information.

Peace

You're quite right,but don't forget banks without integrity would likely cook their accounts!

FCMB is about to take off! Even 'sick' Oando has gained today.

Manonamission:
Won't you allow FCMB crash?

It is the duty of the market(demand and supply)!

For the now,I still believe in FCMB because they told investors that there is going to be a drop with respect to Q3 & Q4 2014 Financial Results! This denotes profound integrity and a sign that all is still well.
On the other hand,Oando didn't do what FCMB did; and this is a great sign of lack of integrity!

stokfrick:
BT I tot d total %age of exposure should b equal to 100%? Hw come it is now more than 100%? I smell some exaggeration here!

It is with respect to each bank's loanable funds;that is,the percentage of each deposit money bank's asset for lending!

@Manonamission
[Source of this write up below is http://venturesafrica.com/the-10-nigerian-banks-with-the-greatest-exposure-to-the-oil-crisis/ ]
According to a report by Punch, the following banks have the greatest exposure to oil sector.
1. Nigeria’s oldest bank, First Bank by 40 percent.
2. Nigeria’s largest lender by market value, Guaranty Trust Bank Plc by 28 percent.
3. Top tier lender, Fidelity Bank by 28 percent.
4. Nigerian lender, Skye Bank by 27 percent.
5. Nigeria’s fourth largest bank, Access Bank Plc by 25 percent.
6. Top tier lender, Diamond Bank by 25 percent.
7. Nigeria’s biggest bank by asset, Zenith bank Plc by 18 percent.
8. EcoBank Nigeria by 18 percent.
9. United Bank for Africa (UBA) by 16 percent.
10. First City Monument Bank (FCMB) by 14 percent.

Mfunkynation:
will it install on my lumia?.... am using a windows OS not android..

Try this windowsphoneapk.com/APK_Chrome-Beta_Windows-Phone.html or https://www.microsoft.com/en-us/download/details.aspx?id=40854