₦airaland Forum

For those of us who have been watching the Money market, You would have seen the absolute 'Carnage' in the market recently.

The Interbank rate went as much as 37% yesterday due to the paucity of liquidity after Sanusi increased the CRR for commercial banks to 12%.

The implications for the Tbills auction was well felt yesterday. Rates went up immediately and this is good for investors that have cash at the moment!!!

for the records...this is not the highest ever reached. We have hit 4420 mega watts before in January and what happened after that?

Well, your guess is just as good as mine! meanwhile this is the peak of rainy season and all our hydro turbines usually do well this period..lets wait till the peak of dry season to check..

http://www.punchng.com/business/business-economy/power-generation-hits-4420mw-ministry/

vulpeslopez: @ feelamong,r u buyin 2 keep for d long run?FBN is like 12 now which is on d High side considerin the fact that some of us bought it @ 7.20 some months back and sold it @ 11,it is a good bank 2 buy into don't get mi wrong but I just don't see FBN gettin to 15

Personally I always look at the run term..but then if there is profit to be made in the short term I dont hesitate to take my profit!!

Good move on the FBN you bought and sold earlier....

Toomaxi: @feelamonge, thanks very much for d info. Wht is there price per share? because i believ pple wil lik to knw dt. Wht abt GTB?

FBN goes for about N12, while Inter Brew goes for about N6.20. GT is not a bad stock to buy, their excellent corporate governance gives them that premiun most investors are ready to pay for them. I always have GT as part of my retirement stocks for now. But at the present price, i think its a bit overpriced.

Yes You can start with any amount....As for me the stocks to watch now are FBN and International Breweries.

I am choosing FBN cos of the recent increase in CRR by the CBN...authomatically this implies that banks with good deposit base will be making loads of money from the Interbank where rates have spiked to as much as 17% in the Overnite borrowing.

In the other sectors, International Breweries (Owned by SAB MILLER of South Africa) came out recently with an excellent result...over 1000% increase in PAT from the results of smae time last year; moreover tehir Onitsha brewery is about to commence operations... and as you know in theis country we dey SHACK well!!

Happy Investing!!

At the rate at which LASG wants to send people to jail....then they should better start building more prisons o!!

Cos only Ikoyi prison and Kirikiri Prisons will not even be enough for the amount of people that would be captured at that one way in Shomolu

http://af.reuters.com/article/nigeriaNews/idAFL6E8J1C4220120801

LAGOS Aug 1 (Reuters) - Nigeria plans to auction 142.1 billion naira ($884 mln) in treasury bills with maturities ranging from three months to one year at a twice monthly debt auction next Wednesday, the central bank said in a public notice.

The bank said it will issue 32.05 billion naira in 91-day paper, 50 billion naira in 182-day bill and 60 billion in 364-day bill on Aug.8, in a Dutch, or reverse, auction.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity.

T.bill yields rose marginally at last month's auction to 13.94 percent for the three month paper from 13.75 percent, after central bank tightened liquidity to boost a weaker naira currency, which has lost 3 percent since April. ($1 = 160.65 naira) (Reporting by Oludare Mayowa; Editing by Toby Chopra)

PistonRock: I believe that Nigeria's annually inflation rate is at 12.9percent as at june 2012.So if TB is offering us 14.5percent annually,then we stand to make 1.6percent as real profit which is a far cry from the 14.5percent paper pofit.TB is a form of cash equivalent.

An investment must guarantee capital and give a reasonable return.I believe there are valued businesses or good manager running valued businesses out there,let keep on searching.......

Well spoken bro!! every one should try make an above inflation return on one's free money or saved funds!! At the moment Tbills present the only Money Market Fixed income instrument which is Risk less and Tax less that one with a little money can also invest on to beat the inflation!!

nineville: @feelamong. hi bruv, i mailed u on saturday, no rensponse. nl username id. thanks

Ok Roger that!!

will get back to you ASAP!

acidtalk: Have you finally gotten the books?

yea got a couple! cash na issue u know!

Start small finish big by Fred Deluca)
The psychology of selling by Brian Tracy

http://dailypost.com.ng/2012/07/27/owner-popular-lagos-hangout-threatens-publish-names-debtors/?utm_source=rss&utm_medium=rss&utm_campaign=owner-popular-lagos-hangout-threatens-publish-names-debtors

Owner of popular Lagos hangout threatens to publish names of debtors




Louise Priddy
Popular owner of the Posh Cafe in Victoria Island, Louise Priddy, has sent out a public warning to her debtors. The pretty half-caste, who made her name when she ran Bacchus Night club, sent this message via Facebook, where she wrote:

“I am telling all you big boys out there who owe me money but go to other clubs to spend until u get bounced from there and then u move on its ENOUGH..instead of clubbing why dont you get a job…its time to name and shame with pictures who owes me ……… get readyyyyyy MONDAY ……”

Already, people are keen to see this ‘list’ she will unveil. Priddy solely owns the venture, inside Alon Nelken’s Mega Plaza on Idowu Martins in V.I, put up for her by her husband, Mario.

chrishenzo: I would like to start a charitable work that focus on the development of the state, especially in the field of education (science and technology, arts, etc) , and also help talented people to achieve their goals. I don't have the capital to start it alone. So I think I will get more help if the program is a charity/public program.

I want people to donate money to the organisation through bank payment. I want the donators to know how their money is being used and when. Before the money is withdraw, each of the donator will receive an alert message informing them of the process and also what the money will be use on. I would like to know if there is any Nigeria bank that offers a public account service.

By public account, I mean a bank account that enables each of the donators to login and check how much has been raised, how much has been used, account history etc, but won't be able to withdraw money.

I need help with this information. Someone please help me.

For those that would like to send a private message to me regarding this charity work, feel free to send an email to me at eternitychrisvic@yahoo.com

Make the subject of the email to be "Charity Organisation Program".

Thanks for all

You dont need a banker for this..I operate an account with one of my bankers....The account has a two step security. The first step is to log into the account and view all the transactions. The second security step is to enable me to consumate any transaction on my account like funds transfer and bill payments.

So just go ahead to open the account and give all your donors the viewing rights with just the log in details and viewing password! try to withold the transaction password or ur money go waka.....

nk-love:
pls my good brother, i have already send mail to you on this treasury bill stuff. link me up pls. send the detail and the account officer you use. thanks,

Nneka

Nne..no nwa! I will respond to ur mail ASAP...meanwhile try resend again!

PointB: Lol @ thread.

I think Demdem is a 'Retardeen' Chorister.

Make I report myself:
PointB: Son of a Black Smith.

bros..dem no ask you for wetin you papa be.....Na wetin you be dem dey ask!

Oya..answer wetin you be?..Security Guard?

I think GEJ should set up a panel of enquiry here..

The committee should be asked to look for the full list of all the customers of this Wonder bank..after which this customers should be flogged 24 strokes of the cane on their bare buttocks!!!

When shall people ever learn!! Tufiakwa!!

CBN STOP RATES FOR THE LAST TBILLS AUCTION ON THE 25/07/2012

91 days -------13.94%

182 days ------14.94%

364 days ------14.96%


Rates still looking good!!

Eko Ile: We don't make noise

We don't make silly promises

We don't say we plan to

We don't say we hope to

We don't say we are looking into

We don't set up committees

We don't BS around






WE JUST DO IT>>>>>>>>>>> Eko o ni baje lai lai

God Bless The Great State Of Lagos

Abeg I don tire for all this una Noise.....JUST PASTE THE WEB SITE ADDRESS make my children fit stay for house borrow book read. Sebi una say na E- library!!

acidtalk: [/b][b]

I will suggest 3 different categories of books. one for building self esteem, one for motivation and the last for building business ideas.

Motivation :

I will suggest 3 different categories of books. one for building self esteem, one for motivation and the last for building business ideas.

Motivation :

I will suggest 3 different categories of books. one for building self esteem, one for motivation and the last for building business ideas.

Self Esteem :
How to talk to anyone, anytime, anywhere (Larry King)

Motivation :

How to get from where you are to where you want to be (Jack Canfield)*
What got you here won't get you there (Marshall Goldsmith)*

Building Business Ideas :

Start small finish big (Fred Deluca)
Young Guns (Robert Touchman)
The psychology of selling (Brian Tracy)*

the (*) books are the ones i advice you must first try and buy. i am also recomending it to every other reader in this thread.

I am ready to refund your money if on finish reading them you dont feel better and more confident with yourself.

Thanks bro! Am off to Laterna Books to get these books immediately!!

abeg give us their web site address!

str8_talk: While watching a live broadcast ceremony today,25 July,2012 on NTA station which featured African first ladies my attention was drawn to the body structure of the First Lady which is quite different 4rm the shape she had before she started appearing in public. Obviously,she is pregnant?
Pls,our ladies here can help in confirming this.

Guy..cool down! wetin concern you with whether Madam GEJ dey pregnant or not!

But on a serious note ...If you chop that amount of casava bread wey dem dey chop for Aso rock every day...Your own belle go look 8months pregnant!

stevenhill: call 08064273357 or 08033449363 and lets talk business. range from LCD, FREEZERS, MICROWAVE, GAS COOKER, GENERATOR AND SO ON AND SO FORTH. VERY AFFORDABLE

Hmmmmmm...hope these are stolen items?

acidtalk: First and foremost, you can never force someone to do what they are not interested in.
But in the case of your wife i feel not that she doesnt want to make that step forward, she doesn't just know how to get started.

I will love to suggest a couple of books she can get.

if she enjoys reading please let me know as the books will definitely change her mind set forever.
all the best.

Pls do suggest..I will gladly get them for her to read!!

Good One Acidtalk...

Been taking notes all the while ..Am a wine dealer but I have a wife who ios job seeking that is so academically inclined...she wants to become a lecturer in the Public health area and notin else..she does consults for people at times but this job comes sparingly....

I have told her to create a business model around her consulting but she is not that business inclined....she is so much an introvert....

I have also told her to set up a side business that will earn a few bucks for her as she keeps looking for the breakthru consulting job...how can one make her see reason in being business oriented, to go out and look for the consulting contracts/contacts?

PhysicsQED: People are quick to blame the government, but the article Wesley80 posted shows that the fake yellow fever card racket is coming from criminals among the Nigerian people.

In all likelihood, the Ghanian authorities were aware of this racket from past experience with fake cards, assumed there would be some fake cards among these Nigerians and they therefore made the entire group (except the pregnant woman) get real vaccinations. Safety and security takes precedence over diplomatic niceties, so I would say they did the right thing.

So whose job is it to catch these small criminals at the nations airports?

All over the world there are criminals and its the job of the govt authorities to keep fighting them!! but what we have in Naija is a free for All!! We have seen where even a seating Governor was kidnapped and nobody was ever questioned for that! So who will bother to check the activities of the small criminals at the nation's airports? me and you abi?

Okija_juju: ...And what exactly does Nigeria depend on Ghana for please?!!!

How have we desended to what?!! Like are you fhucking shitting me right now?!! Or are you saying that if Nigeria were America, Nigerians wouldnt travel to Ghana or that Ghanaians wouldnt act a fool?!!

Do you know how many westerners we deport from Nigeria daily?!! Im talking Americans, Britons and europeans?!!

Dont let inferiority complex kill you!!!

Ghanaians have a God given e'rection for Nigerians so it has nothing to do with them being better than us in anything!!! Ghanaians are just natural born 'Nigerian-haters'..

sharraap dia!!! You dont even take time to analyse issues before vomitting the ignorance in you!!! So tell me what amount of nigerians are studying there? also do a research and tell me what amount of Nigerians are are economic refugees doing business there

Yes we have descended so low cos we have a thieving govt that does not give its citizens any hope of a better tomorrow!! Go to Ghana and see how organised they are..Go to Ghana and see how much they have tried to improve the general well being of their citizens...

For as long as we have scondrels in govt positions we shall continue to get this S.hit from small nations around!!

Well.. we shall blame it on the obvious!!!

This is how low we have descended as a nation....

Very soon even Chad and Niger will ask us for yellow fever card to enter their improverished nations..

Damn!!! we have so many children in this forum!! I think the govt have got a lot to do with investment education.....Many people have not even analysed to know why the share price dropped to the present level and they are so quick to talk rubbish!!

In 2009, the share price of Flour ills plc dropped to N15...due to a write off of foreign exchange loss and today they are up there at N55. If only many people on this forum had invested then...just recently in January the share price of UBA dropped to N1.96 becos of a profit warning...many of us did not also buy and today the share price is N4.26k.....

If i were you, i will analyse why there is a drop in the price and stop talking balderdash here!! Many have not even cared to look at their last Half year result...oppurtunities like this dont come everyday....As for me, I have been loading up and come december I can be rest assured of at least 50% return when i start selling to mofos like you..

http://af.reuters.com/article/nigeriaNews/idAFL6E8IJ9RY20120719?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+(News+%2F+Africa+%2F+Nigeria+News)

LAGOS, July 19 (Reuters) - Nigeria plans to auction 154.9 billion naira ($962 mln) in treasury bils with maturities ranging from three months to one year at a twice monthly debt auction on July 26, the central bank said in a public notice.

The bank said it will sell 34.8 billion naira in 91-day paper and 60 billion naira each in 182-day and 364-day bills respectively in a Dutch, or reverse, auction.

Nigeria, Africa's second biggest economy, sells short-dated debt instruments twice a month to control money supply, curb inflation and help lenders manage their liquidity.

($1 = 161.10 naira) (Reporting by Chijioke Ohuocha; Editing by John Stonestreet)

Dele.ahmed:
About thirteen members of the Boko haram members were caught by security agent. They later found out that the have lined xplosive in 14 parts of Abuja

Source pls...Do you think Nairaland is a beer parlor where people eat peppersoup and spew out rubbish from their mouths?

bvc: Thank you very much Domiron and Adorebee! I appreciate, firstly I now know I still stand a chance. So, I'll go ahead and contact a good stock broker. Thanks again. More important information are welcomed

Just seek a good stockbroker who will advise you. But try to get a letter of administration where you will be the nominated administration for her Estate and then you have to open an account on that name that you will do what they call 'Transmission' where all the shares whether in certificate or CSCS are converted to the Estate name... Good luck! and invest the money wisely when you get it!!

omoyeme8: I have Zenith Bank-13000units and Red Star 11,000 units. I dont get when you say what was the requirement for opening the stock account.
Thanks.

You do not need any formality for account closure..Just send a sale instruction for the shares you have there and collect your cheque..Afterall if you do not sell, the stockbrokers dont get any commission, so they will gladly receive your order and make the sales for you.

This is long Overdue!!!