₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/15209_ZENITH_BANK_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

EPS 3.18

http://newtelegraphonline.com/12-firms-jostle-for-totals-downstream-assets/

“The divestment of Total’s downstream assets too is on-going. It is a confidential deal, which meetings have been held outside the shores of Nigeria several times with contenders mostly indigenous firms,” a source close to the dealsaid. Total declined to comment on the deal because of its confidential nature, but a source at the company confirmed the move to New Telegraph yesterday.

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15193_CADBURY_NIG_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

Just when one thot the devil in this company has exorcised.....

now we are seeing them in their old bad ways of loss making..

OBAGADAFFI:
Sector: Banking
Last Price: 25.63
Today's Change: 2.33 (10.00%)

This one na initial gragra... we have seen this many times before...

make we dey look..

Bennycollins:
Am new here pls. I want to know if there's any document I can have from the bank as evidence for investment in the TBills. Thanks

Your bank should give you an Investment letter confirming your Investment in Tbills..

But then once you are debited, your account statement states it all..

OBAGADAFFI:
Efficiency is the key.

GTB is known for this.

Unlike FIRST BANK the Father Christmas

where is the efficiency for a bank that had to make a provision of 57B for loan impairment charges..

if not for the Revaluation of Forex...they would have made a massive loss...infact this is a very poor result

angelo82:
EPS 4.24!

http://www.nse.com.ng/Financial_NewsDocs/15177_GUARANTY_TRUST_BANK_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

why is GT adding its FOREX revaluation gain to its income while UBA does not add its own?

locodemy:
Good news on the oil upstream..........Oando on the march again

Oga what is the good news?

Meanwhile Forte Oil lost out in this sale of Mobil downstream...OteNAIRA must be really feeling sick now..


http://www.nse.com.ng/Financial_NewsDocs/15170_MOBIL_NIG_PLC_DIVESTMENT_OF_SHARES_CORPORATE_ACTIONS_OCTOBER_2016.pdf

^^^^ Thanks boss

HELLO BOSS,

please assist me with this VIN. Lexus GX 2012

JTJBM7FX4C5048745

thanks

HELLO BOSS,

please assist me with this VIN. Lexus GX 2012

JTJBM7FX4C5048745

thanks

fxuser:
message from Stanbic


+++
Dear Valued Customer,
Thank you for your continued business.
On account of current market conditions, please note that with effect from 18 October, 2016, you will not be able to use your Naira debit and credit cards for international transactions.
If you wish to carry out card transactions priced in foreign currencies from that date, you can request for a USD card (debit or prepaid) from any of our branches.
We apologize for any inconvenience that may be caused by this decision. We trust that our USD card product will allow you to continue to pay for goods and services that are priced in foreign currencies.
To ensure unhindered access to your USD debit or prepaid card while abroad, kindly notify us of your impending trip(s), preferably before you leave Nigeria.
+++

End

We should be expecting a lot more of such mails from all the remaining 19 banks banned from Forex market soon..

Thank God this latest ban did not affect the value of dollars in parallel market

pluto09:
Any link to where i can get more info on this?

None yet...Just Follow @PaulWallace123

he is a bloomberge reporter for Africa.....I expect the article the bloomberg any moment from now

Paul Wallace ‏@PaulWallace123 7m7 minutes ago

#Nigeria's Access Bank sold a $300m five year #Eurobond yesterday with a yield of 10.75%.

battleaxe:
Uncle feel among
What's the minimum requirement to participate in these OMO auctions? Do you have to directly inform the treasury department of your bank that you're interested or how does it work?

Is this available to all banks or only a privileged few? Apologies for the flenty flenty questions!

Most bankers only alert HNIs/ Investment coys/ asset mangt firms or people that they feel may be interested becos of their past investment records with them..

I have a friend in Ecobank treasury that sends to me just for information sake

I have just received this from one of my bankers....

Dear Sir/Ma,

Please be informed that there is OMO Auction today as follows:

Tenor -252 -days

Maturity date- 22/06/2017

Amount on offer- N50.00BN

Bid rate: 18.45%

Auction will close at 11.00 am (Settlement same day Debit)

We will be pleased to bid on your behalf.

Thank you for your continued patronage.

bigass:
I am tired of all these insurance companies. Which insurance company offers the best Comprehensive insurance in Nigeria.

why not use good Insurance brokers...they make life a lot easier and know how to get these insurance coys to pay up claims fast

"Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much." Jim Rogers

Tritri:
@feelamong , Are you still holding unto your 2020 Bonds? I plan on selling mine put half on T.B and also half on EQUITY for long term till 2020 , Am fedup on the hike in price of things Inflation and the effect on bonds before 2020...WHAT UR ADVICE? Help a confused Brother.

My FGN Bonds are not what I trade on....most times I buy the bonds to use the Coupons for targeted spending...

Moreover if I sell now, I will be making loses since I bought at 14.55% yield.

I still don't think it's a good time to do equities....would rather wait to enter in late November for the February/March sale off just before Year end results appear in late march

Putin Says Russia Ready to Freeze or Even Cut Output With OPEC

http://www.bloomberg.com/news/articles/2016-10-10/president-vladimir-putin-says-russia-ready-to-freeze-or-even-cut-oil-output?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

and the game continues...

Oando oya...

Brent Crude at 52.65

fxuser:
UCAP

- will open at 2.58 (4m bid on queue
- clearly offers will dry up instant
- next test is 2.84 (prev high)

on to d next ! this train has left d station

I missed the Total Train for not trying hard enough cos i already had some good vol...

Already have some good volume but then I will die un top this train....i want to at least be able to have up to 1/10th of what Elumelu has here soonest

ukay2:
0.80k

U wan thif am?

Where u keep ur gun and dynamite??

I read Microbiology from Nnamdi Azikiwe University some years back..

Truth be told....there are very few career paths in this discipline...I fought tooth and nail hoping to get a job in either Nestle or NBL but to no avail..

I moved on....went for PGD, MBA and found my self in a New generation bank....

I still found out i was not cut out for banking...today am on my own doing my thing...

I want to encourage undergraduates and recent graduates to start looking outwards...

Most especially dont joke with any thing that will enable you to become an entrepreneur.....

ONE LOVE!!

http://nairametrics.com/alert-pz-cussons-plc-release-2016-first-quarter-earnings/

N1.5B Loss in Q1.....

Just stay around the last Stop rates...

Nothing has changed much in terms of liquidity..

"If past history was all there was to the game, the richest people would be librarians" Warren Buffett

I will also add Historians too!

Guiness Management is filled with Olodos...

They should go and look at what Nigeria Breweries PLC is doing and getting right!

NB saw that the so called growth of Nigeria economy in the past 7 years was a scam and invested heavily in smaller breweries that produce cheaper and local beer that the locals can afford to buy...that way they can drive volumes of sales using the NB distribution network!

How many bottles of Orijin or Guiness stouts can a low wage worker or student buy?

Compare that with no of bottles of Life beer or champion or goldsberg they can buy...

As it is in Naija... we have been having more poverty in the past 6 years....only a change in strategy and not loan can save Guiness now!!

lilee2hot:
Please be informed that stanbic IBTC was successful at the auction for the 91 & 364 day bill today.

Their selling rates are stated below;

Maturity --- Tenor --- Discount rate

22nd December 2016 - 91 days - 13.89%

21st September 2017 - 364 days - 18.10%

Please note that the bid for the 182 day bid was unsuccessful because the bank put in bid rate of 17.40% while the CBN stop rate was 17.27%.

Excellent!!!

Bidded 17% for 182 days some people in my church..

At least now the Pastor can start giving some dough from the tithe box!!! ;

When he lost money due to devaluation and Naira float...you all were here laughing at him....

Better take ur tasere money and go and invest in Dangote shares now... cos as he grows his wealth from the shares of the company.....you will also be growing ur own wealth!!!

http://www.premiumtimesng.com/business/business-news/210821-guinness-nigeria-records-n2-billion-loss-blames-economic-environment.html

U guys dont drink Guiness stout and Orijin anymore?

godash:
for tomorrow's auction, what do folks in the house think about 18.5% for 364 days?

Sorry i did not reply this earlier...currently on vacation.

I loked at the secondary markets and noticed that rates have been coming down since last thursday....

It doesnt seem like CBN is interested in doing any more OMO auctions too....maybe due to all the shouts in the media in recent times for MPR rates to be reduced to free up more money for comsumption as we are in recession...

I will therefore advise our people to reduce their rates in this Auction....for me i will go with

91 days- 13.75%

182 days- 17%

364 days - 18%


Happy Investing