₦airaland Forum

Fitch Revises Nigeria’s Outlook from Negative to Stable
Nigeria’s credit rating, assigned by the top international rating agency, Fitch, was revised on September 30, 2020, from a Negative Outlook to Stable though still pegged at the ‘B’ grade.

Positive events stemming from the stability in oil prices, improving global financing conditions, and the relaxed restrictions on lockdown measures paved way for the revision of the Nations’ outlook.

Furthermore, the rating priced-in the accretion to external reserves due to loans from foreign lenders, restrictive capital flow measures, the partial unification of exchange rates across its varied FX windows amid other negative externalities on the economy.

To place in a better context, an increased or stable credit rating implies that operating conditions have improved, and economic risks have failed to crystalize.

Against this backdrop, investor perception of the Nigerian economy is expected to strengthen. Although, we envisage that Foreign Portfolio Investors (FPIs) will focus more on the FX policy than the rating, hence we do not envision a significant reaction from investors due to the persistent inaccessibility of the capital market.

verocharles:
Please I need an assistance. The stockbroking firm I'm using is no more in existence. No phone nor office to reach them. I approached a new stockbroking firm. they requested for my cscs number for transfer. How will I get the cscs number?

If you have previous printed statement of account from your previous broker, check it, you'll most likely see the CSCS number and CHN number on it.

Alternatively, send mail to: info@cscs.ng
Lagos Phone No: +234 1 903 3551, +234 1 460 1900
Abuja Phone No: +234 9 290 9043, +234 9 290 8750

Email preferably

Coolcash1:
Hi Mercy. Remember this post?
I have a book I want to give you that I bought from Amazon last week. Please email me and let’s work out the logistics. I will use DHL to courier it to you.

I wish to say a big thank you to Coolcash for his thoughtfulness and for fulfilling his words.
The book, How To Day Trade for a Living received.
Thanks so much bros.
God bless you and replenish your purse by His mercies IJN.

Mpeace:
Na wa oh. This 100k rule sef.
20kobo stock will need 100k(20,000naira only)
100Naira stock will also need 100k(10,000,000)

This equality does not guarantee equity at all.

Lol. Na manipulation palava cause am nah.

Mpeace
Wapco did 15.50 but no 100k block to move it.......we see how it goes in the next trading day.
Closed 15.15......up with 15kobo.

lancee:
GARA --now 29 ..zee why now

The forces are releasing Zee small small.
....but with this massive volumes, Zee too will still shake body.

....

UBA: When is this sell-off going to stop?
Lots of investors picking at 6.05 - 6.10 region.
We are watching what Tony is up to.

Zenith: They'll be behaving as if they won't buy.......see them packing it at 18 ........
let it continue with its snail mvmt.

The type of fund exchanging hands in Zee @18 though!

Seunn11:
But I still want to give you something, anyway.

You know I got it right.

Seunn11:
It didn't cross before 11.40 am.

Seunn11:
What do you want, my lady?
It has not crossed, BTW. Still on Km 18

18.05 as at the time of my posting.
I prefer some units of same Zee. Don't take alcohol.

*" Another 100k at 18.05.........11.40am sharp......11.42am @18.10

Seunn11:
Crawling Zee at the threshold of Km 18. Will it cross?
One bottle of gin for you all if it crosses before 11.40 am.

It crosses now...............but I dont want Gin.

Sexybeautiful:
1. Please which do you recommend Wapco or Dansugar? I intend buying tomorrow morning.

2. I also read that Dansugar wants to list Savannah sugar shares. Please can someone explain how it will affect Dansugar shareholders?

Let me try... starting from Question 2:

Savannah sugar was an acquisition by Dangsugar, think it's more of expansion which should affect Dangsugar positively. The impact may not be immediate but its a plus for Dangsugar.

Now to Question 1:
What timeframe are you looking at?
What's your motive for wanting to buy?
Anyway:
* Both are good fundamental stocks.
* Both required enough patience
* Both still have upside potential
* Good Q3 results will further strengthen the share prices.
* Wapco did some upside last/this week......depending on market situation, it may keep moving, good 3rd quarter result will increase investors faith, positive sentiments and most likely, create higher highs.
* Dangsugar, there's the need to watch how events unfold with the new listing for bargain entry, though currentprice is relatively okay.
* Choose your choice.

NB: Opinion is not based on figures......bearish period not captured.......chart distorted...... unforeseen event not captured......so I'll like to phone a friend to throw more light on this.

ZikkyChops:
I want to help open 6000 page.

You can still declare free gifts nah.......at least your post appeared on the page. Lol.

Happy 60eth Independence Anniversary to Nigeria and 6000th page to Nsempas.
God bless the Federal Republic of Nigeria!
More blessings to all!

purleesh:
@ Mcy56, you've been soo spectacularly loyal to posting here and I deeply appreciate that. Thank you Thank you Thanksalot!

Thanks so much my sister.
Glad to read this and it's well appreciated.
God bless you.
More green to your portfolio.

ojesymsym:
From a dividends yield point of view, I'd like to believe that Wapco at any thing above 12 naira becomes a stock for trading, no longer for dividends

Okay. That was just my opinion.
Consequent results will take care of things.

** Quoted you here cos no be me you go push open 6000 page, never ready to declare free drinks**

NSEMPA is on page 5999, whosoever open page 6000 will declare free drinks for those active on this thread. Lol.

lancee:
Yeah ..over 10naira diff ..we keep watching ...

The kind of money entering Zenith though! Just too much..........let's keep watching....

lancee:
I no no why ,one oga said here say foreign investors/institutional investors always go for GTB ist

It's possible.
Think it's class......just like the case of GTB and Stanbic too.

BTW, GTB is 28.40 now.........28.50
Wapco: bids outweigh offers...... bargainers on queue.....

lancee:
U re right ..See the gap btw the 2 stocks ..almost same div ..lets see if zee will visit 20ish by next yr

In terms of net profit, Zenith is leading.
They also pay same dividend.....so why should the gap be that much? Lol..

MTNN : 129.....up with 1.50

IYGEAL:
Oh, not so undecided after all

Wapco is still a bargain in its sector at 15 as far as I'm concerned.

Seplat body language changed to positive again........

lancee:
Mcy56 ..my zee friend doing good ..tryn to move small today on 17.90 at the moment

Lol. 17.95 now......las las e go touch 18 and continue the journey from there.
Truth is, Zenith is still very cheap at below 20.
GTB about to reach KM 28......@ 27.95 now

Dangcem moving........
Cement biz booming ....

The type of volumes exchanging hands can't be only local participation. We just needed more of their active participation to move the prices up the more.....

OBAGADAFFI:
Yes,

For me, Zee is one of the best stock to hold for longterm, because price appreciation doesn't work with Zee.

You're right.
Price appreciation works over time but holding for long term is the best......in my opinion.
........but at 17, Zenith still have upside potential cos the gap with GT is almost N10 now.......just have to find a way to close it.

Wapco: getting attention at 15.......in as much as BUA is moving, we should expect Wapco to also keep moving......

UBA: Bargain hunters on queue......waiting for the 6.05/6.10 cross dealer/seller........will he show up today? We are watching.......

Zenith: Bids outweigh offers.......are the 5M gang at the bottom of offer table on mission to crash price so as to buy more? We wait and see......

**Pls do not take as any form of advice**

OBAGADAFFI:
I am surprised you don't know Zee all these years.
Zee doesn't move like GTB, infact Zee always reverse when dividends is announced.
That's why it one of the cheapest stock on the NSE.

I know Zee and we are saying the same thing.

Bbbwings:
Nawa o 3 trillion in 2 days and price no move 1 naira

Zee eventually closed with 20kobo up not 15kobo....17.5 closing price.
Just to correct it.

Meanwhile, cement coys are still doing well......BUA closed with 1.35 up.....to close at 41.75.

Bbbwings:
Pls release the stock ma.

There's Pastor in the house to conduct deliverance for Zee.

Lion123:
Zee needs deliverance.

MrDiligence:
Please any suggestion on when to sell MTN? Please help a newbie

Depends on your cost price.
How much did you buy it?
It's still going up anyway.