Kagame's Posts
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9free:I wish Transcorp would come down to N1. I would gladly buy as much as possible. Ive been waiting for FBNH @ N5 since last year. |
lookingforjob:Please get a job as soon as possible. Your mental state is suspect. |
@Franklinrich You are correct. Currently,the bid-ask spread for the USD/NGN at the interbank market is N5+. Investors who wanted to see out the elections are not comfortable with the recent uncertainty caused by the postponement, so they are making hay while the sun shines. Also note that wealthy Nigerians are not left out in this scramble for the exit door. There is this unfounded fear that elections might not hold so its a flight to safety before anarchy becomes the order of the day. As for the NSE,I dont know if we would see much volatility in the coming days, as equities are already battered and are trading at the lowest of lows,despite the slight recovery in crude oil prices. |
There is no need for PDP to share FAQ leaflets to introduce their candidate to the public ,Nigerians know goodluck Jonathan and all his achievements, both personal and public. In contrast,isnt it surprising that despite being on the ballot since 2003,Nigerians still dont know the man Buhari and what he stands for.? All I see is a futile attempt to rebrand Buhari to become what he is not.But sorry to burst your bubble,Nigerians still remember! |
chukyjones:An undertaker got to do his job. |
Kagame:Meanwhile,oil has rallied 11% in the last two days. Is that sustainable?. Its important to know cos whatever happens to the price of oil affects FBNH earnings,either positively or negatively. First Bank is hugely exposed to the upstream oil and gas sector. Conservative estimates projects the figure to be in the range of 40% of loan book. |
Late last year,I placed a buy order for FBNH @ N5. The order is still unfulfilled,but with the N7 support broken,my dreams might just come true. N6 is next! |
hyfr:Please quit disgracing yourself and your tribe. I know you are not Igbo by the way cos an educated Igbo wont exhibit such crass ignorance. Ignore this dude, hes here to ferment trouble with his imbecilic and utopian biafran pipe dream. |
OdenigboAroli:Ntolimafo! |
Captain Von Trapp,sister Maria and family. |
"There is no doubt at all that there is a strand in contemporary Igbo behaviour that can offend by its noisy exhibitionism and disregard for humility and quietness" ---------Chinua Achebe. OP,a word is enough for the wise. |
Akinmail:Oga mi, have you heard or seen someone punished in Nigeria for insider trading? The law exists but its functional purpose is to give retail investors like you and I a semblance of an NSE where things work. In real terms,what you call insider information is some piece of "harmless" information that Nigerian billionaires share among themselves when they meet at the yatch club or golf course...lol Actually, I have not made any allegation,I only showed the level of information asymmetry prevalent in the NSE and how Nigerians are willing to provide classified info to external entities,but not to fellow Nigerians. We care more about the welfare of foreign investors than local Nigerians. Before Sanusi rescued the banks ,the signs of weakness in some banks was already obvious at the Interbank market .The strong banks were not lending to others because they perceived they were insolvent and it was only a matter of time before they collapse like a pack of cards. Some sick "big" banks were clever enough to hide their predicaments by placing funds on the interbank market,giving the impression they were awash with excess liquidity. All these created mutual suspicion and was a big talking point among top execs,even though it was discussed in hush tones for fear of being accused of de-marketing. On a lighter mood,all these info are common knowledge but I can only say it hiding behind my keyboard..lol |
Aks:Aks, market intelligence still works like charm! Everybody knows that the Nigerian economy and NSE by extension is positively correlated to the price of crude ,that is the cheapest intel every investor should have in mind. Then depending on your level of play and market visibility,you can easily know when something is brewing by following the large institutional investors. These guys have more information than the average man on the street does!. Let me give you a little hint,within the structure of the American consulate in Nigeria,they have an economic desk whose duty is to advise american companies/interests in Nigeria on how to protect their investments. This team regularly hold meetings with top govt economic officials and unfortunately,they are provided classified information that the businessman on the street cannot dream of getting. During the 2008/2009 market crash ,before Sanusi moved against the failed banks ,the american embassy had the information of the failed banks weeks prior and informed their interests appropriately. So dont assume that market logic and intelligence have failed.That you dont have information does not mean others dont. Information costs money and people who have real wad can pay anything to get the intel. But unfortunately they cant pass across this info to you and I free of charge,so we continue to grope in the dark and act based on our limited information and intelligence. |
Chibuking81:I have not asked you to read me your CV and personal accomplishments. Point is ,some of your comments have been off on a tangent and without factual basis. Please do you have evidence to prove that billions of workers salary enter the NSE every month? How many workers did you use as sample before you arrived at your conclusion?. If you make an uninformed guess,let it stay as guess work ,but when you say with certainty and bravado what is obviously based on false premise,them someone owes you a duty to correct you. It seems knowledgeable ones here apparently out of some level of disinterestedness to your bland comments choose to ignore,jump and pass. I hope you'd catch my drift ! |
Chibuking81:Aha! here we go again,your main post which was quoted by someone categorically stated next week,now its been adjusted to a two weeks time frame. Not following your posts to detect errors,but I find some of your assertions are not based on grounded market intelligence or information,but on your imagination.If you want to make a suggestion on subjects where you lack requisite knowledge,use conditional statements and dont pontificate. Like I said earlier,broaden your knowledge base and stop making pedestrian and monotonous declarations. |
Chibuking81:You said there will be a mini bull next week, but now you slyly added upper week ? Or you are referring to the same week? Again,if you are a worker and you invest a percentage of your salary monthly on the NSE,please don't assume its the same for everyone. Dont reduce market happenings and movements to the level of your understanding. Broaden your knowledge and you'd be glad you did! . |
tbaba1234:You mean Buhari is wasting time,hoping that Feb 14 approaches as quickly as possible? Well,Nigerians are not in a haste either,we will wait for the official results from WAEC/Cambridge. |
tbaba1234:Sorry, you know as much as I do that the released result did little to erase the doubts. Now cambridge is asking GMB to come forward and collect his results, why is he hesitant? |
tbaba1234:The WASC issue is indeed a pressing issue. This is an issue that borders on trust,integrity and uprightness,which has been the main selling point of GMB. While I agree that politics is not fair,as Buhari is eminently qualified to contest for any position in the land ,by virtue of having served in the army. But what legacy would we leave for our generation and generations unborn if we let this slide? Is ours a country of anything goes? Are there different rules for different folks? Please lets not lower our standards because Buhari is involved! |
¶3. (C) Like President Obasanjo before the 1999 election, General Buhari's political experience is limited to that of military Head of State. Buhari came to power as a result of a 1983 New Year's Eve coup against the democratically elected Shehu Shagari. The eviction of Shagari came as a welcome relief as did Buhari's promise to root out corruption. That relief, however, was short-lived as Nigerians watched despairingly as the Buhari regime's promises to revive the economy and wipe out rampant corruption withered during 20 months of heavy-handed, largely ineffective rule. ¶7. (C) Buhari's current attempts to gain support from the Southeast have also been unrefined. After calling on the Southeast to unite with the North, Buhari stoked ire in the eastern region by tutoring Igbo politicians not to follow the path set by previous generations of Igbo politicians he described as mercenaries to the highest bidder. (Comment: While there may be a grain of truth in his remarks, it was grossly impolitic and politically naive for Buhari, as a visiting Northerner and supplicant for votes, to abuse and embarrass his Igbo hosts. This episode demonstrates Buhari's penchant for divisiveness in Nigerian politics, at the very moment when Nigeria needs a leader to unify the nation. End Comment.) ¶4.(C) In May 1984, Buhari ordered the brutal expulsion of 700,000 illegal immigrants from neighboring African states, jailed hundreds of political opponents and muzzled a once aggressive press. His loyalty to the military also came into question as he dismissed 30,000 soldiers as a cost-cutting measure. Buhari also soured Nigeria's relations with Britain, when he was accused of masterminding a clumsy and unsuccessful attempt in July 1984 to kidnap President Shagari's brother-in-law, former Transport Minister Umaru Dikko. Moreover, Buhari undermined traditional rulers throughout Nigeria, slashing their benefits and questioning their authority. Still, many of these moves resonated well with the common man. Now, economic hard times and the perception of avaricious politicians have caused many people in the North to remember Buhari's efforts nostalgically and see him as the man of the moment who can extirpate the corrupt, machiavellian elitism that still characterizes Nigerian politics. ¶5.(C) Despite accusations of heavy-handedness, supporters praise Buhari's former prosecution of corrupt public officials, governors, Ministers and others. Buhari supporters also contend he performed well as chairman of the now defunct Petroleum Trust Fund (PTF). In fact, the PTF did accelerate road construction, and subsidized agricultural equipment and pharmaceuticals. Schools and water works were also rehabilitated; some claim that the PTF performed better than most Ministries. However, detractors claim the PTF did disproportionately more for the Northwest than any other region, and that the South, in particular, was practically ignored. ¶6. (C) As if he had not alienated enough people during his previous tenure as Head of State, Buhari continues to trod on sensitive toes in his current quest for the presidency. Due to indelicate public statements, he has been accused religious bigotry. Last year, Buhari reportedly encouraged Muslims to vote only for a Muslim President. These reports caused a swift reaction in all sectors of Nigerian society, particularly from the Christian clergy. Buhari has been accused of "playing the religion card" and stirring up tensions. Buhari compounded his political gaffe by waiting two months before issuing a clarifying statement. According to Buhari, his call was not for exclusive voting along religious lines, rather an appeal to conscience. (C) All in all, Buhari represents an ideologically vague but psychologically resonant viewpoint in the North. He is the pennant for a religiously conservative, yet politically anti-establishment Northern populism. It is these adjectival qualities that strongly endear him to those who fit into this category but also alienate him from the many Nigerians who do not.http://wikileaks.org/cable/2002/09/02ABUJA2712.html |
