₦airaland Forum

lafencer:
A coded SMNite. Welcome on board.

Una don dey come here small small...

make una no carry una local politico gidigbo come here o!

YTD Performance

GTB +27.61%

Access +27.84%

Zenith +23.27%

UBA +48.52%

Dang Cement +14.26%

UnitedCap +90.08%

Monkey Hunters everywhere!!

forbes30:
.....is this misinformation from NSE and Bloomberg because.....
....as at 02:28pm FCMB was still showing bid/offer as 1.68/1.70 on itrade.....?....
..... ....... or did someone wait till nearly market close.....
....to buy a very large volume of it to raise it to that price....?.....

Bros, the market maker for FCMB is doing a great job!

They should keep it up!

http://nairametrics.com/the-implication-of-what-foreign-investors-just-admitted-to-reuters/


better prepare for the worst o!!

lancee:
They don bring some changed money $ into the MKT

Can this bull runs till Fri ? ..Fbnh shld try and make it to 5

na only dangote cement and Gt bank dey feel that money for now..

when dem go allow the money touch FBN and Sterling bank?

This Champion Breweries na real Champion!!

when will it reach N10?

am prepared to break my profit % rule on this one!

Agbalowomeri:
the day the Q2 result will be released, the stock will nose dive

Buy on the Rumour: sell on the news!

Intendy:
stocks with new 52 weeks high

Ucap #2.49k

Total #179.30k

No new low

Good! Even GSK don comot from the low league!

The market is officially on Steroids now!

No more purchases for me again...na to dey harvest I dey now!

Seems like the market is eyeing FOREX trades going on...

Issue of backlog still affecting trades...but CBN seems to has responded now..

Traders say FMDQ has extended trading by 2 hours to 4pm to allow for trading after the @cenbank responds to bids made earlier today.

Expect more Volatility

http://www.channelstv.com/2016/06/20/cbn-resolves-to-clear-all-backlog-of-forex-demand-in-the-country/

Omo Emefiele really means business....

megainvest:
Meanwhile, Zenith on steroids!

Initial gra gra!!

Kashif:
Chai!! if true....

@Dolarpo: And we're down to N257...wicked people that want to tarnish our image. We're going to N220 per dollar. Lol

@Dolarpo: Opening bids on Nigeria's new interbank market at N254 courtesy #Rencap

The whole world is watching this closely!

Youngzedd:
4. Bad news for banks and businesses with forex loans
The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel. Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

The oil and gas industry is Nigeria's main foreign exchange earner. Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory. A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.

Let me put the source for you...

http://www.bbc.com/news/world-africa-36561237

CONFIRMED!!!!! All Deposit Money banks are now PFXDs.!!!!

The party is just starting!

https://www.thecable.ng/banks-now-free-primary-fx-dealers-says-cbn

http://nairametrics.com/this-oil-company-has-converted-half-of-its-forex-deposits-into-naira/

The race to get out of dollars has just started

CHAMPIONS BREWERIES!!!!

GOD DON FINALLY PICK MY PHONE CALL!

Mrjo:
LIve jail loading my brothers

Why keep them in jail and spending tax payers money to feed them

just send them into sambissa and allow either Boko to finish them or the vultures there to feed on them!

wasted sperms!!

why fight on SM?

when they should have taken Femi to a corner and brushed hiim a bit...why lie to ur subordinates and cheat them? why

http://nairametrics.com/list-of-banks-that-meet-cbns-criteria-for-primary-market-dealers-fxpds/

From the data above, only FBNH, Zenith, UBA and GTB meet these criteria and thus currently qualify as FXPD’s. Other banks may well have to raise additional capital to stand a chance of joining this esteem club. Will this lead to a race to raise capital for most banks? We are in interesting times.

Intendy:
Stock with new 52weeks low

GSK #14.13

Oga This GSk has been featuring back to back to back on this ur 52 weeks low album o!

when is the street taking this over na?

donmarshia:
Money controls the market. The big demand guys are forming not interested. Few bids for most stocks.

Do not be deceived, go now and cherry pick, then wait!

Gradually, you will see growth. Especially for shares that are obviously undervalued.

Patience is key!

I dont expect the BIG boiz to rush into the market...

They will have to test the EXIT button of the new Forex Policy first to see that its working well before you see the real Bulls..

So anybody buying now should not be expecting quick returns...Just buy and go to sleep like the farmer does after planting well....

But be sure that once that EXIT button is tested and found to be working....your are sure gonna be a happy bunny!

735i:
Guys, which listed banks do you think will make it on the list of primary dealers?

I'm sure Citi will... UBA? Access? FirstBank? Stanbic?

na to buy tomorrow oh

The Requirements for Primary dealers has just been released

- N200B share Capital

- N400B Fixed assets

-40% Liquidity Ratio

- Dealers must meet at least 2 of the 3 conditions..

So Apart from Citibank; which other banks meet this? any listed banks?

So when will Oscar Float the Stock Market self?

why cant i make 35% gain in a day?

megainvest:
See mad rush for market!!

hahahaha!!!

Officially Its a Float!

Long Live Emperror Emefiele!!

The party has just begun!

megainvest:
Just netted 6 digits from Unity this morning alone!

any luck catching up with you at the usual joint?

735i:
Kai.... I'm at a loss....
To sell my dollars and pick up stocks....
Or wait to see if naira will fall further after Emefiele's announcement...
Kai!!! I wish we had a proper derivatives market...

Bros I were you..i will do 70 - 30

70% in good stocks that stil have headroom to move up...30% in Usd at least until the foreign investors all come back

This Bull wont last...

take your profits as you see it...

Dont forget ur bus stops o!

http://www.punchng.com/emefiele-meet-bank-ceos-sacking-forex-policy/


is Emefiele making public the Flexible FX Modalities today?

CBN Board meeting called for Today....

we should be expecting the Flexible FOREX modalities today.....

just be vigilant..