₦airaland Forum

mendes911:
WAPCO should do and come to N8 and below.... I stopped being an investor long time ago but am willing to take my bet on WAPCO.

chykeking:
Nah for Sokoto state

yom2:
that's for sokoto state

Mcy56:
I said I wouldnt talk about diemond, but the way you guys are going about it will make the discussion become more interesting.
Anyone with update from the conference call?
People dey find Santa gifts upandan, make una stay there dey defend and argue. Diemond gave pre-santa gifts earlier, some are benefiting from the second round, while some of us are waiting to benefit from either it or Access for the next round.
Make anyone no make me lose focus o, na so you distract person from the ongoing rally.

Godlylifeoneart:
If the proposed acquisition /cmerger of access + diamond scale through, then there will be an imminent dilution of access bank shares regardless of book value. IMO , there is something intrigue the public are not yet aware about this deal.
If in the affirmative, the share price of access will nosedive TO N6. +-2.5 in the coming days. Wigwe will not use his personal fortune for the acquisition the shareholders of access bank are meant to pay for it. No wonder, despite the significant PAT in 2016 to 17, the access mgx has not paid a reasonable dividends. This is what Wigwe has been eyeing.
Better to sell 50% of holdings in access and buy diamond before a technical suspension is placed on the share.
Otherwise... The dumpling effect will tell on access by February 2019 plus the imminent bonanza foretold by chibuking aka bonanza crew
Dz is strictly my opinion... Not an advised to buy or sell...
I hold 15000 units of access
Not an

Agbalowomeri:
FBNH is next target

maishai:
Very soon Access bank will be acquired and this wigwe of a guy will get a taste of this pill

tritritri:


ahahahhaha this is a lesson to me. Whenever you hear a rumor abt any company on nse. Jaaaapaaa. run first .

GonFreecss1:
Bro. You will always get your Principal and even the interest. Tbills is safe, very safe, when it comes to your naira returns.

All I have been talking about is buying power over time. Inflation cannot just wipe out your naira, that's not what it does.

Just take for instance when we used to buy sweets and chewing gum with kobo, now 1 tom tom is 10 naira. That's all I have been talking about in a nutshell. Sorry if I scared you sir, I apologize.

ahiboilandgas:
what should we do otherwise since we are Nigerians not Americans we should believe Trump?don't get u points

awesomeJ:
few opinions:

First, I don't see the naira suffering any major loss in the near term. Earlier last year there were projections, and even "prophecies " that the dollar would reach 1000. Most analayst earlier this year forecast 410 as what the official rate would be around November. It was yet relatively stable.

Reserves will certainly find support at the $40bn mark. It's actually back up above $42bn. Oil prices will likely climb back above $60 for each Brent barrel.

one thing with my forecasts though is that I can influence things spiritually to make them true.

If you ask me, except you're buying euro bonds at 8% or more, NTB at 16% yield currently makes for a better deal-at least for the next few years.


On how NTB helps the naira, IT CERTAINLY DOES. REALLY WELL ACTUALLY.

You see, for most folks, dollar is sourced directly or indirectly through the CBN.
Now when you want to buy, you must have the naira to bid at the auction.

At any point in time, even though banking system assets are above N36tn, the liquid portion that can be used for banks for any purchase or payment is often just about 1%. N360bn. There are times the entire banking system doesn't even have up to N100bn.

So at such at time, if the CBN offers say $500m for sale at an FX auction, it may not get to sell more than $200m. basically cos it had succeeded in draining liquidity via OMO.

If proceeds of NTB and FGN bond auctions hit the system hit the banking system today via FAAC disbursement, you may see system liquidity rising to say 700bn, but it won't be more than just a few days before the CBN sucks the excess up via OMO, so that by the time they're having an FX auction, there'd be just enough funds to make a limited bid for FX.

So, while proceeds of NTB, and FGN bonds get back into the system via government spending, the CBN sucks up whatever they consider excess from time to time via OMO, this time, OMO cash stays with the CBN, and doesn't get back into the system until whenever they want. So it's just than banks' claims on the CBN that rise, liquidity may be pretty low.

Now why does the rate have to be high.

Well basically, the fact that the CBN wants to suck up via OMO does not mean banks are under any obligation to buy those bills. It's a choice a bank's management would have to make between keeping dollar assets to reap potential revaluation gains and buying naira debt assets to earn juicy interest. so the rates have to be juicy.

In 2016, while GUARANTY had close to N100bn in revaluation gains, ACCESS actually had a revaluation loss, implying that the way banks choose to manage and denominate their balance sheets is entirely up to them.

I'm quite happy with the MPC guys and I'd give them kudos for their job with the naira.

ahiboilandgas:
People like this are partly responsible for the devalued Nigeria

Jejebabaa:
This is almost one year Treausry bill interest in 1 day of NSE magic. Na wa ooo

soloniger:
DON'T BE LIKE A FROG .(for those averaging down)

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water.

Just when the water is about to reach boiling point, the frog cannot adjust anymore. At this point the frog decides to jmp out.

The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature. ery soon the frog dies.

What killed the frg?

Think about it…!!

I know many of us will say the boiling waer.
But the truth about what killed the frog was its own inability to decide when to jump out.

My Dear, we all need to adjust with situations, but we need to be sure when we eed to adjust and when we need to move on.

There are times when we need to face the situation and take appropriate actios.

Let us decide when to jump…!!

Let's jump while we still have the strength.

Let's jump when water is not at the boiling point