₦airaland Forum

YOU WILL NOT GET TO YOUR DESTINATION IF YOU STOP TO THROW STONES AT EVERY DOG THAT BARKS AT YOU DURING YOUR JOURNEY.

zamirikpo:
How can a tier 1 bank tell Nigerians that for the past 2weeks network for TB isn't working but they have network for every other transaction.

Maybe to prevent their customers from moving their deposits into TBs.

tiar:
MARKET NOISE is volatility and not the rantings of people under the cover of anonymity on the internet. Be advised accordingly.

Alright. I am advised accordingly

tiar:
There is a difference between negative news and negative INNUENDOS. The latter is the case in the Diamond Bank matter and this is typically driven by people who were wrong on Diamond's outcome and are finding it hard to come to terms with this. Continually raising alarm until H2 2019 is their way to deal with this as they look for a way to finally be Right as it relates to their Wrong on Diamond Bank.

The deal will go through. Nigerian companies rarely ever back down from deals that have been announced between each other publicly. All concerns have been addressed.

Cheers

Negative news or negative innuendo should not affect you to the extent you are lashing out. Successful investors and/or traders do their analysis and make their decisions without allowing the "noise" of the market distract them.

If you know what you are doing, "noise" from other market participants should not bother you. You can listen to it, take what you want and discard the rest.

THE LION NEVER CONCERNS ITSELF WITH THE OPINIONS OF THE SHEEP.

You cannot succeed in the financial markets if you cannot control your emotions. You have no business in the stock market if you cannot bear to see negative news or hear negative opinions on a stock you are invested in.

The stock market is not for the faint hearted or thin skinned.

Corporate Action:

A conference call to discuss the Access Bank – Diamond Bank Merger will be held on 19 December 2018 at 16:00hrs Lagos(10:00hrs New York, 15:00hrs London, 17:00hrs Johannesburg). The call will be open to the public.

http://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=5984304&linkSecurityString=26b9315b0


Visit Nairametrics.com for more news.

Jonathan:
Na war?

Looks like FSDH platform. Am I correct?

Corporate Action:

Skyway Aviation Handling Company Plc has obtained the approval of the Securities and Exchange Commission (SEC) to extend the Offer period of its Initial Public Offering by way of an Offer for Sale of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share by twelve (12) working days. With this approval, the Offer initially scheduled to close on Wednesday, 19 December 2018 will now close on Wednesday, 09 January 2019.

visit www.nairametrics.com for more news.

Dem no buy

*Corporate actions:*

Access Bank will hold an investor call on the 19th of December at 4pm to discuss it's proposed merger with Diamond Bank.

Visit Nairametrics.com for more news.

Lol. Na person wey no know DeReggedProf go dey vex for im posts.

Respect Sir. You hardly post again here. Did we offend you?

wanaj0:
I expect some people to bail out fast.

Have they secured shareholders approval?

Which board met? Board without the 4 INDEPENDENT directors?

This will be very interesting.

Baldg:
Still hope to get a copy.

Please send to tosinoke2010@gmail.com.

many thanks.

Download it here

https://zerodha.com/varsity/module/fundamental-analysis/

E ku bonanza o

helium2:
Buy a money market fund that will pay you about 1.5% less than T bills.

Goto playstore. Look for an app called FBN edge.

Register and Supply your Documentation.

Its has a minimum holding period of 30 days and a liquidation period of 5 days.

Meaning that once you buy you have to stay for at least 30 days and then if you need your money after then you need to wait at least 5 working days.

Enjoy!

5 days is a lot o. ARM Money Market Fund liquidation is in 2 days.

In PeterRichy's voice - "Cornerstone Insurance sighted at 20k junction. Bargain hunters take note"

To all and sundry.

The way you say something is just as important as what you have to say. Get the first part wrong and the second part will lose it's value.

#foodforthought

owolabi5:
BIKO HOUSE, HOW AND WHERE CAN I MONITOR OFFER AND BID OF STOCKS,
THANKS

Sign up with a broker that has an online trading platform. There are several with the most popular being Morgan Capital. Others are Meristem, ARM Securities, Lead Capital, Greenwich Trust, Investment One etc

When it comes to money not everybody is willing or wants to expand his/her horizon. They like to stick to what they know.

RealityShot:
you are still thinking..

i have been trying to convince mine and his rich friends and some youths (even one who entered Npower 2years ago) since last year when tbills was 18%.. They still don't want to or care ..

i am beginning to think that Nigerians are not very financially savvy and don'twant to learn.

one of my dad's friends put over 200 million in unity bank from 2014 to 2016 and earned 6% ... When i told him about tbills @ 14% he never talked about it again.

Tbills is not for everyone.
Everyone cannot be WARREN BUFFET.

TOO BAD

Diyke4rich:
I am not in the country that is my major problem, i have tired to reach them on phone email no one is responding

Hello,

Ecobank will not be able to help you. All issues of shareholding are handled by registrars and not the companies themselves.

The registrars of Ecobank are GTL Registrars. Their website is www.gtlregistrars.com there is a phone number listed on their it website and a contact form.

As at close of business yesterday the share price of each Ecobank share was N 15.95

Good luck

Godlylifeoneart:
It was not much different than taking
horse manure, deodorizing it, putting it in a plastic bag, and selling
it as fertilizer. The only difference between a subprime loan and horse
manure is that horse manure, used properly, has real value.

currentprice:
EKUU market o

You are late

Ekuu market o In CP's voice

currentprice:
SL hit. i will not rush my re-entry

back to the drawing table

Sorry. Comes with the territory

CP don ring opening bell?

https://nairametrics.com/veritaseum-set-to-introduce-blockchain-into-stock-markets-in-africa/

Could this be the end for stockbroking firms in Nigeria?
By Alfred Akuki - November 28, 2018 0
Reggie Middleton, Veritaseum, Stockbrokers, NSE, Blockchain, NSE, ASEA 2018
Reggie Middleton, Disruptor in Chief, Veritaseum.


In what might be the end for stockbroking firms in Nigeria and Africa at large, Veritaseum, a United States-based blockchain technology firm has hinted that the introduction of blockchain technology into Africa’s capital market will eliminate the services of middlemen and thereby reducing transaction time.

Reggie Middleton, the Disruptor in Chief as he likes to call himself, in an exclusive interview with Nairametrics at the African Securities Exchanges Association (ASEA) annual conference themed ‘Champions on the rise: Africa’s ascension to a more sustainable future’ held at the Lagos Oriental Hotel in Victoria Island, Lagos, revealed that several stock exchanges in Africa are in talks with his firm and on conclusion could see the markets adopting blockchain technology for trading processes.

“I AM LOOKING AT SIGNING AGREEMENTS WITH SEVERAL EXCHANGES AND I FEEL WE ARE VERY CLOSE, I DON’T WANT TO REVEAL OTHER PRIVATE INFORMATION AND I EXPECT THEM SIGNED BEFORE I GO BACK TO NEW YORK.” – MIDDLETON

Middleton – who was also a panellist during the ASEA Conference’s Pathways to Inclusive Growth in Africa: Digital Finance, Financial Literacy, Inclusion and the Democratisation of wealth Panel discussion – said if stockbrokers across Africa don’t diversify, they might be phased out as a result of this disruption.

UBA

R-L: Patience Oniha, DMO DG, Jubril Enakele CEO Zenith Capital, Herbert Wigwe, GMD Access Bank, Reggie Middleton, Disruptor in Chief, Veritaseum.
The game changer
A blockchain is a growing list of records, called blocks, which are linked using cryptography (the practice of techniques for secure communication in the presence of third parties). Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree root hash).

By design, a blockchain is resistant to modification of the data. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires a consensus of the network majority.

If the Nigerian Stock Exchange (NSE) eventually introduces this technology into its trading processes, it will eliminate stockbrokers as middlemen, thereby leaving public and retail investors to directly buy and sell stocks during trading sessions. Except stockbrokers in Nigeria diversify, it will be difficult for them to function with the emergence of blockchain in the stock market.

https://nairametrics.com/psb-licence-industry-sources-reveal-dmbs-worrisome-over-mtns-application/

Banks are worried they may lose customers to MTN
By Damilare Famuyiwa - November 26, 2018 4
MTN Mobile Money, CBN,


Nigerian Deposit Money Banks (DMBs), according to industry sources, are nervous following the recent announcement by telco giant, MTN of its readiness to apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by the second quarter of next year.

As other telecommunications are also billed to go into mobile banking, the banks are worried that the MTN announcement, which came in the wake of the Central Bank of Nigeria (CBN) release of guidelines on PSBs, would make the business environment, which was already tough for lenders, even tougher.

A senior industry player said with a PSB licence, MTN’s subscriber base of over 50 million clearly gives the telco an edge over banks.

UBA
“IN FACT, MOST OF THE MAJOR TELCOS CAN EASILY PROVIDE MOST OF THE SERVICES BEING OFFERED BY BANKS.”

The industry player further stressed that compared to banks, the telcos have a bigger budget and better technical know-how to drive mobile banking.

Nairametrics had last week, reported the MTN Group’s plans to apply for payment banking license in Nigeria and launch a service in the country by the second quarter of 2019.

The success story of mobile money in East Africa, pioneered by Kenya’s Safaricom, has convinced investors and the industry that financial services are the next growth area for telecoms to offset falling prices for basic services.

Na wa o. Even current price no dey come greet us eku market again

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/24474_CONTINENTAL_REINSURANCE_PLC_CORPORATE_ACTIONS_NOVEMBER_2018.pdf
http://www.nse.com.ng/Financial_NewsDocs/24474_CONTINENTAL_REINSURANCE_PLC_CORPORATE_ACTIONS_NOVEMBER_2018.pdf

Food for some people

DeRuggedProf:
Whenever you go long in investing, make sure you go short in monitoring.....

Gba

mendes911:
So WAPCO was N115.00 just 4 years ago.

This business self.....

So a hardcore "investor" that bought a million units at N115m will be coming back now to meet his investment at mere N14m (before fees oooo).

KAI!

That na old school analogue investor. Modern day investors monitor their portfolios aggressively even if they are in for the long term.

fxuser:
Dangcem
- 195 closure on a friday . .

#breakdown

Should we brace for impact?

RealityShot:
so please what's the "next of kin" thingy for then?

Thought will get access if I go...

Next of kin is the person who gets notified in the case of death. It does not grant you automatic access to the funds or assets of the deceased.