₦airaland Forum

Born 2be Rich: It is only one person that i know can actually make this kind of statement....Abi na my oga from the other corner

Me I think so too. You know say I de visit there for some ISI EWU pepper soup sometimes.

"Be thankful for what you have; ......... If you concentrate on what you don't have, you will never, ever have enough."

Oprah Winfrey

Hmnn. What is happening here can cause hormonal convulsion o. _{Runs out of thread} .

INK that UNK that this was a HAPPENING SECTION.

Ame Lon Ro: In terms of broker, I used alpari before now and ow use forextime. They have offices in Lagos, portharcourt and Abuja but you can transact with them frpom any where via the net. They pay in Naira and accept deposits in naira 2.

My brother, I fear these brokers not to talk of NIGERIAN VERSION OF THE BROKERS. You know say anything wey our bros enter, dem dey do overdose. I remember opening an account with the NIGERIAN VERSION OF LITEFOREX. I had to abandon the account because of wide spread, disappearing earnings (BERMUDA TRIANGLE), hanging platform, unnecessary spikes(probosis) to steal STOPLOSS and requotes. In fact, their sins too much and I had to runaway.

Forget their bonuses, ease of funding in NAIRA and withdrawing in NAIRA stuffs. Na when you CHOP their pips na im dem go show you say NAIJA NO DEY CARRY LAST. They will always be your friends if you are loosing.

Last word,: FLEE FROM ANY NAIJA VERSION of any BROKER. Na big scam dem be.

Bye-bye.

I don tell you o.

INSTAFOREX is a SCAM BROKER. Ask FOREXPEACEARMY. Moreover, it is NOT REGULATED.

INSTAFX belongs to the group of brokers called BUCKET BROKERS, they are out to SUCK YOU DRY. They are never happy if you are making it so they use every trick under the sun to ensure that you don't succeed.

Forget their useless bonus!

Use the following brokers:

HOTFOREX.COM
ALPARI.CO.UK
EXNESS.COM

edujoy: I have two withdrawal requests on Instaforex one since the 6th of this month (liberty reserve) and up till now, I am yet to get paid. Has anybody had issues like this with Instaforex?

This INSTAFOREX is a BIG SCAM o. Check the number of complains against her by members of this forum and you will not doubt me.

All I know is that INSTA is a BIG SCAM even FOREXPEACEARMY confirmed it. Most disturbing is the fact that it is NOT A REGULATED broker.

We should ABANDON INSTAFOREX NOW! What is the benefit of toiling to make a few pips and the damn broker will refuse to pay, eh? Look a member complained this morning that INSTA played him MAGO MAGO due to gaps. That Insta deducted money for trade against him but did not credit his account for trade which was in his favour. Can you imagine that!

FLEE FROM INSTAFOREX NOW! INSTAFX is a BIG SCAM!

You may use the following brokers:

HOTFOREX.COM
ALPARI.CO.UK
EXNESS.COM

naijababe: Probably true. The IMF is demanding that the Cypriot govt raid the bank deposits of their citizens by up to 10% in order to get a bail out.

EJ is will supposedly gap down by almost 300 pips

Yes, I am with you, my amazon, here.

Generally, I have observed on 4H TF that eu and GU are uptrend while EJ, UJ,CHF/JPY,GJ etc are heading down.

May the pips be with us in this new week.

Amigoz: SWIIHN been to a nightclub before?

Wow!

ZWIIHN been to a stadium to watch a live match?

Wema Bank to raise N35bn in April

Wema Bank Plc has said it will raise N35bn from its investors before the end of April 2013.

The bank’s spokesperson, Mrs. Kemi Aina, told Reuters on Thursday that the bank would be raising the funds through a private share placement to strategic investors.

This, she added, would enable the bank to apply to become a national bank again.

“We expect all arrangements to be concluded by the end of April 2013, and the new capital will enable us to seek a national licence,” she said.

Its share price closed at N1.21 per share at the equity trading activities on Thursday.

Meanwhile, the major market indicators recorded a marginal loss after Thursday’s trading, with the market capitalisation of the listed equities shedding 0.4 per cent or N48bn to close at N10.626tn, up from 10,674tn recorded on Wednesday.

Similarly, the Nigerian Stock Exchange All-Share Index was down by 0.4 per cent or 150.14 basis points to close at 33,207.02 points, from 33,357.16 points recorded the preceding day.

The NSE-30 Index lost 0.4 per cent or 6.70 basis points from 1,597.81 basis points on Wednesday, to 1,591.11 points, while the NSE Consumer Goods Index lost 0.8 per cent or 7.43 basis points from 979.70 points to 972.72 basis points.


http://www.punchng.com/business/capital-market/wema-bank-to-raise-n35bn-in-april/

Why should those Channels junkies ridicule that Commandant like that?

ibkaye: How horrible the design of this website is

Welcome, long time no see!!

Oluwafunmilayo95

"Aerodynamically, the bumblebee shouldn't be able to fly, but the bumblebee doesn't know that, so it goes on flying anyway."

-- Mary Kay Ash, Entrepreneur

I agree with Ruggedman. That was an unprofessional journalism by those junks.

Those journalists performed below average. Its like they have an axe to grind with the Commandant. They may even be sent by another topshot in the NSCDC, EYEING THE POSITION, to rubbish the man in order to cry incompetence and get employed should he be removed. There is nothing that does not happen in an organisation. Colleagues gang up to rubbish colleagues to get to the top.

Ruggedman, carry go jare. I dey behind you.

Will make him my errand boy. Send him to buy me FURA DE NUNU

Have you seen KUNBEE?

jhydebaba: This game is not interesting joor let some1 light it up.

Why e go dey interesting? You think say e dey easy to confess openly? All have committed and come short of the glory of this thread. Those who are supposed to make the thread interesting owe too much gbese .

"People often say that motivation doesn't last. Well, neither does bathing - that's why we recommend it daily."

Zig Ziglar

Koko mansion IBYL

Contd:

Caution:

To properly actualise this refreshing optimism, we believe that a conscious effort at building a replacement source of liquidity to mitigate against the strong grip and overbearing hold of foreign investors in the market will concretise the optimism and sustainability of the current trend.

The position of the market managers towards the retail end of the bourse is another key factor in this game. Addressing the liquidity and (in)flexible margin guidelines cannot be overemphasised, whilst the regulators retain a grip of/on corporate governance, market oversight and investors’ protection issues as a key driver of investor confidence in the market.

Year End Results

The outcome of Q4’12 earnings reports of the most value stocks, particularly the banking stocks and other blue chips should play a major indicator of how the market will swing in the next couple of sessions as regards to the sustainability of the trend.

Recently, we had observed a sequence of anticipatory rallies and hold positions towards value stocks while the market has been trying to hold its support level well above the new psychological 32,000.00 basis points.

Conclusion

Conclusively, we observed that our market is finding it more difficult to move into accumulation/mark-up stage as the trend in the recent time appeared unstable, oscillating between 32,731.08 and 33,895.08 basis points with a couple of short term price corrections. This could not be isolated from the delay in the release of Q4’12 earnings reports for value companies.

That being said, we remain optimistic that an impressive corporate earnings posture will ginger investors into further buying decisions (as the market still trades below its fair value).


Source: Proshare Research/ The Analyst

Contd:

In relative terms, this suggests market fell from its record high by -70% between March 5, 2008 and December 8, 2011. And it has climbed from its crash point by 66% or 13,040.39basis points. This convincingly vindicates our December 2012 position that market has stepped out of bottomed-out stage completely.

Looking at this scenario constructively, our market has only recovered +20% when compared to the market's position as at March 07, 2013 against its record high of 66,371.20 recorded five years ago. The table below (@March 06, 2013) puts all the scenarios into proper perspective.


This further shows Nigerian market is trading at the deficit of 33,598.47 basis points as at March 07, 2013; representing a -51% loss. In a value term, Nigerian market is currently trading at N10.49Trillion of market capitalisation as against N12.64Trillion market capitalisation as at March 5th 2008, indicating a deficit of N2.15Trilliion of investors’ net worth yet to be recovered.

So how do we bridge this gap? What do we need to see to assure markets that the Nigerian market is not only capable of, but on the way to overcoming the huge losses that are yet to be recovered?

It is a compelling risk to stick the neck out for the market at a time managers of the bourse concede humbly, that the market is still at a fragile stage and lots of more hands are needed on the deck to keep the recovery trend alive.

Yet it is a risk we are happy to embrace. Why?

Comparing the realities and outlook of our market/economy with other advanced markets positions, whereas our market performance is lower compared to exchanges that have completely erased their losses incurred during financial crisis; we are of the view that should the government of Nigeria (GON) accept representations on listing requirements for state owned enterprises (SOE’s), pension funds investment guideline reforms, state and corporate bond attractions as well as the SEC/NSE market-led reforms; the Nigerian bourse can reach the 2008 levels before the end of year 2014.

Ambitious, one would assume; but our premium analysis of trends will indicate a support for a strong northward movement with +66% appreciations from the final crash-point in December 2011 to the current position. The market breadth is very strong, healthy and reliable.

The optimism level remains very high and impressive so far while the market horizon holds further healthy prospects. Most the value stocks are still trying to attain their true face/fair value(s) as market should stay bullish; with intermittent profit taking.

We are encouraged by, and commend every initiative aimed at driving and sustaining the recovery so far.


Source: Proshare Research/ The Analyst

Nigerian Stocks Capable of Reaching 2008 Peak in 2014, despite N2.15Trn MKtCap Shortfall

Recently, the Dow Jones Industrial Average index surged to its highest closing level ever, overcoming the losses related to the financial crisis and economic melt-down – by surpassing its closing peak on Oct 9, 2007.

For most analysts, this was a much awaited development; one that rekindled the nostalgia felt towards the Nigerian situation. For us, it encouraged us to enquire, review and determine if and when the Nigerian market will hit and exceed its previous 2008 high.

In this mornings news analysis from Wall Street Journal, part of the factors that has helped propel the stock market's rally was the decision by U.S. companies to “shower investors with a record windfall in the form of dividends and share buybacks”. Further, “companies in the S&P 500 index are expected to pay at least $300 billion in dividends in 2013, according to S&P Dow Jones Indices, which would top last year's $282 billion”

In Nigeria, factors that impacted our recovery from the historical fall of 2008 stems from the attainment of a bottomed-out stage; state of returns in the euro zone driving foreign inflows, increased governance culture, market friendly reforms, resolution and continuous focus on issues affecting liquidity, floats and practice.

Technically, our market is trying to move into the accumulation stage, as noted in one of our recently published articles – against a weak appearance occasioned by the vulnerability to shifts from the incidence of and contribution of foreign investors to funds flow, volume movements and less participation of the savings and pensions funds sector – resulting in an ASI far below its record high of 66,371.20 (attained on March 5, 2008).


The Nigerian market as at March 07, 2013 is currently down by 51% (or 33, 598.47 basis points) from its record high, having gained 66% (or 13, 040.39 basis points) from its full collapse point of 19,732.34 recorded on December 8th 2011.

[url][/url]

He who eats dog meat will have long life and vitality.

Taste and see that dog meat is the best.

Amigoz: I will be your accountant, lets get the $ rolling, I promise not to judge

Ha ha ha
Ok. See me in my office by 04:19 am for briefing.

"We have committed the Golden Rule to memory; let us now commit it to life."

-- Edwin Markham, American Poet

House, please any news of BONUS by any company? Me I prefer bonus to dividend o. _olivertwist

Bros, fire on. Some of us are tip-toeing behind you.

Keep keeping on everybody. To capture pips is a task that must be achieved.

May the spirit of pips be with you always.

LWKMD . Why is UNITY BANK gaining N0.07k today when everybody is supposed to be dumping her because of the proposed reconstruction of her shares? Welcome to the world of stocks!