₦airaland Forum

people abuse power and money ..what is this , when people are suffering

sirflav:
There is no need for profit warning it was only the 4th that was bad but overall FY result will come as a surprise to many of us. That is what i was told by mr accountant .

As for me I have been wondering why the delay in releasing their result unlike last yr and why did it crash so low in January and hard to return to even N14?

Then what about GTB sir , why did it crashed from 30 , rem zenith crashed from 18 to 8.98 , and gtb from 30 to 13.28 thereabout
So that means bt zenith and gtb have the same issues

Did ur accountant said anythng abt GTB result too? ...maybe he is still analysing GTB
When was last yr result relaeased sir ?

Anyways anything is possible

angelo82:
Follow your heart because some people might be putting fear in you just to sell cheap.

Yeah thanks sir ...That was why i asked that question

sirflav:
please be warned!! there is a systematic selling of Zenith bank because the 4th qtr result is very bad due to high increase in loan impairment charges.

this is what i have heard so maybe we should trade Zenith with caution

Was there any profit warnings ?

Very bad u said ..ok thanks for your info

Dancem triggered bull

what is going on with morgan i -trade ...i think lot of pple re on it trading

Kind of slow

davide470:
DANGCEM just released its FY2015 result. Profit after Tax (PAT) increased YoY (Year on Year) by 13.68% to NGN181.32bn. They also proposed a dividend of NGN8.00, implying a yield of 5.64% at current market price of NGN141.75

waoo .. nice one

Godisfaithful:
DangoteCem is leading the way . You're right lol

Unable to open it
All mopped up , hope the other 4 B's will get mopped up very soon when their results come out

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/12414_DANGOTE_CEMENT_-_2015_AUDITED_ACCT_FINANCIAL_STATEMENTS_MARCH_2016.pdf

Not able to open it

Born2berich:
One has to be on red alert because am having a feeling that we might be in for a shocker.

All the money on taking position .. be positive

Born2berich:
I don tire jare, abi this people no know say easter go soon reach?

Today na still 29th ..wait small oga rich man

angelo82:
Hope they are not all cooking ''Materially Low Earnings''.All thanks to ''Joke Of The Year'',that set the current pace.

Hopefully 4 will survive , but for the others ?

Born2berich:
February has ended and up till now no single result. I must admit that something is wrong somewhere.

remain small

STUDENTS ABROAD CRY OUT: Nigerian Banks Charging Black Market Rate – The Whistler
FEBRUARY 29, 2016
Nigerian students across the world have accused the country’s banks of charging black market rates when they withdraw their money from foreign Automated Teller Machines, ATMs.

Breaking the ice, Dr. Ameen Indabawa, a student in Ukraine in a youtube video that has gone viral and shared thousands of times, showed how his Nigerian bank took more than N150 extra, equivalent of what he said sells at the black market in Ukraine.

In a step by step videoing, Indabawa lamented how several of his colleagues are being ripped off and running low on cash due to the underhand practices of the banks, appealing to the Central Bank of Nigeria to halt the “daylight robbery.”

Offering some form of advice, Obi Nzewi, said foreign students should desist from using their cards abroad, rather should apply to the CBN for forex for their upkeep.

Nzewi said, “Clearly few in this thread understand how international card transactions are settled. Let me inform the young man in the video that he must not use his card abroad. He can fill out CBN Form A to apply for forex for his upkeep in Ukraine.”

Speaking of her own predicament, Tonia Emelu, claimed that she has tried using Western Union but was told it is suspended for now in sending money out of the country.

“The funniest part now is that you try to use Western Union and they tell you it’s banned for now…I can’t even deal,” she wrote.

Another Nigerian in Ghana, Abdul Rich Noni, said, “same thing happens here in Ghana,” while Joe Derin Adebisi based in Germany, lamented that “same thing happened to me in Germany last month. 1€ is 315 naira.”

Ikemefuna Afreeca, who did not specify where he was writing from stated: “Please write to the regulatory bodies like CBN to address these issues. It is probable you all might be due a refund. If they don’t respond you can complain to the African union because it sounds like extortion.”

Offering his own piece of advice, Benjamin Akpan argued that “you cannot buy at CBN rate, Nigerians you buy at parallel rate outside.”

Yewande Adebisi Ogunsanwo recounting her experience said those who think they can get it at the official rate abroad to resell at the black market are mistaken.

Hear her: “For people that think we want to sell it on black market, the same thing happened when I used my card in New Look Store. I was charged at black market rate. I understand cashing out, how about buying online and in stores. Will I sell the clothes in exchange for naira on black market? It is unfair. Let’s be sincere. The banks are fraudulent.”

Anyone has an idea about zenith rate pls?

I think the CBN official rate is 197/198 .. I spoke to someone here @ bank of America sometimes ago , do you know that all these naija banks credit them [bank of america , citi bank , wells fargo etc ] the official rate when u use ur card online/abroad , excluding the ATM FEES
The ATM fees na their own

What am tryin to say is that , these naija banks don make money soo much since all these days ..so am not bothered by the gtb rate today ,i don't see why they will want to charge pples gtb account negative .. if it was where i reside i can argue it /proof it to them

But naija system get one kind .

The only reason i wld be bothered is if the exchange rate today was below the CBN official rate ..these naija banks don rip us off to much

I hope say no be their system failed them , even at today's rate , they is nothing to lose on their side

But i think it will not last ..the funds may get exhausted anytime

Nigerian interbank rate eases on matured T-bills repayment – Reuters


I Guess /think this is the reason why ..But may not last till tuesday

FEBRUARY 26, 2016
LAGOS Feb 26 (Reuters) – Nigeria’s overnight interbank lending rate held steady over the week at an average of 1 percent, traders said on Friday, after an injection of cash from retired matured treasury bills into the banking system by the central bank boosted liquidity.

Traders said about 257 billion naira ($1.29 billion) had been put into the system in matured open market operations bills on Thursday – the usual day for any intervention.

If u know the story of this woman you wont even reply her ..someone that was sent to school with Nigeria looted fund from london to america to canada ... came back living in her fathers house and causing problems and her story goes on and on

She is just something else

Hopefully we will know the actual rate days to come

rebekah2011:
When the reward was very close. Results will be out soon. No profit warning. Why panick

No profit warning yet , he may come back to buy higher if there is any dividend

Na fear

Fbnh ..All sucked for the future

ipledge10:
Though am really affected by the news,but am happy that naira is gaining it's ground...my roommate send $ at N328 through La nacional on Monday,just today it's back to N260 and might be lower before d end of today

U re correct , it was still 328 yesterday i sent on transfast , and suddenly by the time i called this morning went to 260 ..Anyway its good

Dollar improving , stock market bearish

Are we still waiting for foreign investors

abokifx has not updated today's rate