₦airaland Forum

Chibuking81:
https://www.sunnewsonline.com/forensic-audit-sec-sacks-bars-oando-ceo-deputy-for-5yrs/
In the other news, they are sacked.

Forensic audit: SEC sacks, bars Oando CEO, deputy for 5yrs
…It's a welcome development say shareholders

31st May 2019 in National
Forensic audit: SEC sacks, bars Oando CEO, deputy for 5yrs

Uche Usim, Abuja

The Securities and Exchange Commission (SEC) has finally concluded forensic investigations of Oando Plc over underhand dealings and directed among others the resignation of the affected board members.

The Commission also barred the company’s Group Chief Executive Officer (GCEO), Mr Wale Tinubu and his Deputy Group Chief Executive Officer (DGCEO), Omamofe Boyo from being directors of public companies for a period of five years.

Mcy56:
This got me laughing. Nsempa Ltd indeed. Weh don sir.
Hhmmm, this Loco you nominated ehhnnn, I no gree o cos na entrepreneur he be.
You sure say no be hostel we wan invest in? And then he'll tell us he'll be paying us yearly dividends? .
By the way, what's the full meaning of SPV?

@Deepsuk what's your opinion on this venture? Na Wetin you talk I go follow.

jideflash:
Oh boy it was an interesting experience.

Na so one of them come meet me, said; sorry i didnt win the vote, but i should buy him recharge card, and whenever i want to run again, he will help me organise people to vote for me at a fee. He also said he came from Ondo for the AGMs. So basically, it has turn to some Inec vote buying thing.

mokrak:
I have resolved it

RabbiDoracle:
Stop reading a report with a bottle of 33 on one hand!

43,792 you see is for 6 months and not 3 months. That was the half year result for 2018. To get the Q2 2018, just subtract Q1 2018( i.e N23b) from the N43.793b. This should give you around N20b as the second quarter 2018 PAT

Deadlytruth:
By the time MTN, with its 20bn units as said, hits N200 it will become the most capitalized company on NSE with DANGCEM coming a close second position. The level of index distortion these two stocks will wreck on NSE is better imagined especially on days they both gain or both lose.

Kagame:
FBNH has like another 3-4 yrs before it fully recovers.Normally,if you are an SIB and your NPL is above 5% upwards to alarming levels,CBN will invite you to present a 4yr remediation plan which I think FBNH did in 2015.

As you rightly pointed out ,the books will improve this year but that’s just halfway through the journey.This year,FBNH will likely write off over N300bn from their loan books due to Atlantic energy. For proper context, FBNH has made total NPL provisions of over 500bn since 2015 but yet, this huge amount only gives just over 80% (about 70,if you use IFRS 9) coverage ratio, this is really unprecedented in the history of Nigerian banking industry, smaller banks would not survive this ~ the rot is really deep.

Etfash:
Good day house.

Please can I get introduced to a stockbroker? The last one I worked with was in Ibadan 12 - 13 years ago as a student investor. I don't have his contact number again.

Thank you.

yMcy56:
I know, but not for someone who newly registered.
The bros/sis does not have existing account, if he/she has, it would have been a good choice. Two months with such amount would fetch him something significant at least.
For a new client, you cant withdraw your money for the first 90days unless you want to forfeit your interest cos you'll be parting with some fees and charges...... well, except some of the rules already changed now. E don tey wey I read update on it last.

RabbiDoracle:
I didn't know you were an investor. Nice one bro.

Most people don't understand how this game works. You just summarized it.

For those who don't know, if he bought at 24 for example and he got N2.5 in 2017 year end, got interim (N0.25) for 2018 and now getting N2.5 again for 2018 year end, this shows that he has collected N5.25. when you less 10% WHT, his final amount collected so far from the bank is N4.725.

This shows that gradually his purchase price of the stock is gradually falling from N24 to ~N19.3. this has given him rest of mind and it has also saved him brokerage fees by jumping in and out of stocks.

If stock market remains irrational longer than he remains solvent, say in the next 3 years, he will keep collecting N2.475 (if you take 10% WHT out of N2.75 yearly dividends). In that next 3 years, this man should have got additional N7.425 as dividends. Net this amount from the N19.3 net purchase of his stock, you will have a final value of N11.875

If he decides to sell at N24, you may say he is losing because he bought at N24 and selling at N24. But he has got so much from dividends. If he sells above, he has made more profits.

So bro, you are on the right track. Keep it up.

But once there is madness of the herd in bidding prices too high, you sell off and move on.

Infinitisi:
For those who keep asking for help in calculating their interest this link will be useful for you. Just input the necessary figures and it calculates your interest for you.

Still doesn't stop you from learning the way it is calculated. It is actually quite easy.

https://app.nairametrics.com/treasury_bill

signorxx1:
Right now if i invest 10million into T-BILL for 91days tenor. what will be my gain? Thanks.

dexla:
Totally agree with you. I'm just wondering what's the worst that could happen, I mean, its same tbills my money is being invested.

dexla:
Why are people not investing with investment firms or am I missing something ?
Got the following rates today in secondary market with Meristem investment

10.7% for 91 days
12.801% for 182 days
14.17 % for 364 days

bodysoul:
As you have rightly said.
I am not looking for instant gratification, I just want a long term investment.
I can endure the pain,(once I know how it works, I can invest in the right ones, as long as I don't loose capital)
And yes, I won't have sleepless nights .
I am after the knowledge as of now.
Can you direct me where to go for the information.

Infinitisi:
For those who keep asking for help in calculating their interest this link will be useful for you. Just input the necessary figures and it calculates your interest for you.

Still doesn't stop you from learning the way it is calculated. It is actually quite easy.

https://app.nairametrics.com/treasury_bill

fxuser:
mkt data > trading statistics > indices

ur bill is just one [b]18yrs Glen [/b]to kick start today

Yayira:
BBM your reward is in heaven.. God bless the day I followed you to that room