₦airaland Forum

BREAKING: @SECNigeria investigating @Oando_PLC over possible accounting misdeeds, shares structure after $1.65bn cash buy of #ConocoPhillips

zamirikpo:
Hello housemates
I HV unconfirmed info. That a bank I used for my TB is in serious problem and may likely shut-down.

I just got the call this evening . my question is....should this rumour be true,how do I get my money back.

How does the custodian bank thing work.

I don't want to mention the bank so as to avoid unnecessary panic, bcs like I said its unconfirmed report.

I don't have any certificates to prove my investments, but first thing tomorrow I'll ask for that from my branch.

Gurus in the house pls .......

Emefiele has stated this more than 10 times!!

No bank shall be allowed to go under! CBN will take over the bank and no depositor will loose his funds.

For TBill Investment..its very easy! You have your Investment letters. Their Custodians have custody of the Bills. So no wahala even if push turns to shove!

fxuser:
Ucap
- opened higher
- nice shakeout

we warned them bu they will not listen!

jamace:
Chai, my dry bones full there.

How does Multiverse Plc manage to escape?

These Chinese guys should just stop wasting my time there..

Mpeace:
Is FBNH about to move?

shhhhh!!!!

no loud am too mush!!

https://www.dailytrust.com.ng/news/business/-547m-debt-etisalat-creditors-reach-amicable-resolution-ncc/204214.html?utm_content=bufferef4ea&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer


Business
$547m debt: Etisalat, creditors reach amicable resolution – NCC
By Zakariyya Adaramola | Publish Date: Jul 5 2017 2:00AM

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$547m debt: Etisalat, creditors reach amicable resolution – NCC

The Nigerian Communications Commission (NCC) has said Etisalat Nigeria and its creditors have reached an amicable resolution of key issues pertaining to its $547 million indebtedness.

The commission, in a statement in Abuja yesterday, also said it was confident that the smooth transition process that was currently ongoing on mutually agreed terms would be successful.

The statement, signed by NCC’s Director of Public Affairs, Tony Ojobo, said the commission was confident that the amicable resolutions reached by the parties would further strengthen Etisalat’s capacity to continue to provide services to its over 20 million customers and to fulfil its obligations to its other stakeholders as a going concern, regardless of any changes that the parties have agreed to Etisalat’s ownership, its board and/or its executive management.

Etisalat: Investors are dumping ‘FUGAZ’ in droves

http://nairametrics.com/2017/07/05/etisalat-investors-are-dumping-fugaz-in-droves/
The recent takeover of the board of Etisalat Nigeria by the CBN and (possibly Aliko Dangote) has sent investors in a frenzy with banking stocks bearing the brunt.

The Nigerian stock market banking index dropped a whopping 2.26% on Tuesday as investors feared a potential provisioning of the loans by banks. A loan provision by the consortium of lenders could lead to a loss of between $500million to $1 billion this quarter alone.

As investors feared a dip in banks profitability a sell off of bank stocks ensued with the FUGAZ (FBNH, UBA, GTB, Access Bank and Zenith Bank) leading the sell offs.

First Bank led the way with a loss of 3.43% while UBA posted a day loss of 5.75%. GTB, Access Bank and Zenith Bank also lost 1.28%, 2.25% and 1.51% respectively. Other tier 2 banks, also reported massive losses by the close of business. Ecobank lost 4.94%, while Diamond Bank and FCMB both lost 4.72 percent respectively.

stcool:
The Bull they are sharing in first bank...ok. Let them Kwontinue

sebi you don sell your own chop your sallah loot alone

https://www.businessdayonline.com/new-pension-guidelines-allow-investment-holding-companies/

how does this affects fbnh?

slimjoe007:
Oga Feelamong, I sent you a mail to the gmail attached to your email sometime back asking for info on this cryptos. Can I also know the name of the imvestment platform .Can I send you a PM?

yea... send a pm

yak:
y not open a thread on crypto and share info. all of us shld not b disturbing you on pm

Already a thread...

https://www.nairaland.com/3657807/bitcoins-all-bitcoins-investment-bitcoin

You have to accept Losing; its part of the game. If You dont have losses, I hate to tell you, You are just getting lucky. They will come.

Dumexoga:
This is the right time for the wise ones to start taking position . pls don't panic its just a temporary pull back . opportunity to make money is here .

Already mopping up more of Dangote Flour and FBNH...

I wont allow this oppurtunity to pass by like that

PETERiCHY:
Oil prices have hit a very rough patch, once again, down just over 20 percent since January.
Oversupply has caused a global glut relapse, with various regional markets swamped with crude oil, ranging from the Atlantic Basin to the North Sea to Singapore.
The market is so oversupplied and worried about this condition persisting that it is ignoring, almost completely, the red hot geopolitical situation in the Middle East.

http://www.cnbc.com/2017/06/22/oil-prices-could-drop-into-the-30s-kilduff-commentary.html

If you are able to recoup 50% of your capital pull it and run as fast as your legs can carry you because some stocks will still lose over 90% in value.

The pumping era is gone we are now in dumping era.

In addition Oil is fast heading to sub $30 per barrel don't say you were not warned.

*ThE OcToPuS*

Oil futures still going strong....

https://www.bloomberg.com/energy

locodemy:
Bro biko chokwa way gi ugbu a.
crude oil naritukwa to $30.
Asikwala na agwaghi m gi.

cool down...Brent crude is up at $45.56 today ( up 0.74)

Good day Feelamong



Please see below the outcome of the Treasury Bills Primary Auction which held on June 22, 2017:




PRIMARY MARKET AUCTION RESULT


TENOR (DAYS) STOP RATE

91 13.4999%

182 17.5%

364 18.6499%

ukay2:
For me UBA is a very good stock ....the buyer just bought a goldmine.....Patience is the key.....over 50million units sold in 5mins...waoooo.....de thing fear me....people that fearfully sold @N8.55 today maybe regretting now as UBA jumped to N9.20k some seconds before close of market

Oga feelamong.......i de see the same thing with you......i de bro evans mansion(kidnapper) the see mine...

Make i get pepe pump into Dangflour.....we are making more money this year.

Just 3 more trading days...and all man go see wetin we dey see...

locodemy:
Bro choo kwa way gi o.Ihe oso emego.......meaning bro look for your way out o.Fire on the mountain.

Notin Megaa nwanne!

I see a lot of mop up!

dont say I did not tell you