₦airaland Forum

Intendy:
Good morning.
The time has come (16may-20 may).
this post was on Friday may 6th.
happy trading week

PETERiCHY:
http://af.reuters.com/article/nigeriaNews/idAFL5N18A34E

Nigeria's naira extended its losses against the greenback on Friday amid a jump in demand for dollars by oil importers and speculation of central bank moves to make the exchange rate more flexible, traders said.
The local currency slipped to 345 to the dollar on the parallel market in early trade, down 1.2 percent compared with the previous day's closed.
"More speculators are taking a position in the market, causing dollar scarcity and fall in the value of the local currency," said Aminu Gwadabe, head of the bureaux de change operators association.

On Wednesday, the Nigerian government said fuel importers were allowed from how on to get dollars from the parallel market to help ease acute shortages - likely to result in increased demand for dollars, and more pressure on the naira, as importers increased their orders.

Intendy:
http://nse.com.ng/Financial_NewsDocs/13708_UNITY_BANK_-_Q1_MARCH_2016_FINANCIAL_STATEMENTS_MAY_2016.pdf

EDUECO:
http://www.nse.com.ng/Financial_NewsDocs/13702_UNITY_BANK_-_2015_AUDITED_ACCOUNTS_FINANCIAL_STATEMENTS_MAY_2016.pdf

ufotty2001:
i sold all my skye bank shares.... looking @ the curreent price if skyebank issue 0.08k dividend... my brother na good dividend

angelo82:
Why is UBA trading at 3.40 two weeks in a row?,break either support or resistance.

mercylicious:
@transcorp, I got info from a knowledgeable member in d forum DT works in d oil sector DT the two oml abi opl DT transcorp has is of no value. That is all forward looking statement.

locodemy:
My people,how una dey see skye bank,livestock and oando?...............i travelled to tanzania for one small biz only to come back and discovered the market is set to deliver returns.............what prompted this investors renew appetite?

ufotty2001:
not yet out.. the sudden increased in share price shows that the release of the result is close..

peptola:
Zenith doing as we always expected all those that bought @ below N10.50 and steadfastly held on more green to your portfolio

ufotty2001:
GTBank 18... out of fear and too much analysis... MAKE me miss gtbank and zenith

lancee:
Gtb , Zentih moving at the same time , fbnh not bad after marked down ..Be like say some money don dey come back to the MKt

ufotty2001:
thank GOD i sold my FO @ 242.32... tomorrow waiting for @ 185

Godisfaithful:
Long walk sir in terms of your target price...lol. The shark are ready to bombard(bullish assault) the stock very soon . Just watch and see...lol

Godisfaithful:
http://saharareporters.com/2016/05/06/access-banks-md-herbert-wigwe-arrested-efcc-over-diezanis-5m-secret-fund-nimasa-and

Officials of the Economic and Financial Crimes Commission (EFCC) today raided the headquarters of Access Bank Plc. in Lagos, and arrested the bank's managing director, Herbert Wigwe. An EFCC source disclosed that Mr. Wigwe was quizzed regarding funds laundered through the bank by officials of the Nigerian Maritime Administration and Safety Agency (NIMASA). Our EFCC source stated that the source of some questionable funds located in the bank was also traced to former Petroleum Minister, Diezani Alison-Madueke. The source disclosed that the Access Bank MD received $5 million that was routed through Zenith Bank.


http://saharareporters.com/2016/05/06/efcc-traces-88m-alison-madueke-sterling-bank-md-yemi-adeola

Operatives of the Economic and Financial Crimes Commission (EFCC) said they traced more than $88 million to a hidden account controlled by the Managing Director and Chief Executive Officer (CEO) of Sterling Bank of Nigeria, Yemi Adeola. Our EFCC source said the money was transferred to Mr. Adeola from Fidelity Bank of Nigeria whose managing director, Nnamdi Okonkwo, was last week detained by the EFCC. Mr. Okonkwo last was granted bail late yesterday.
One EFCC source told SaharaReporters that the $88 million found at Sterling Bank was separate from the $115m given to Fidelity Bank by the ex-oil minister, Diezani Alison-Madueke. The funds were used to bribe officials of the Independent National Electoral Commission (INEC) to rig the 2015 presidential election for ex-President Goodluck Jonathan. Our source disclosed that Mr. Adeola had kept the $88m as an "off-record" transaction. Mr. Adeola, who was arrested yesterday, remains in the custody of the EFCC.

http://www.financialwatchngr.com/2016/05/06/moodys-reaffirms-sterling-banks-ratings/


I think the former Minister of Petroleum should be invited for questioning. Very unfortunate that GEJ didn't do anything about this issue

IHelp:
Morgan Itrade now showing market trades real time. The delay has been corrected.

Godisfaithful:
This is the email sir:
investmentforum08@gmail.com

ufotty2001:
nothing but corruption AND manipulations from NSE... see me that was happy that FO closed @ 190.00 but now alot of people are still buying and selling fo 2.50pm

ufotty2001:
trading is still going on.. NSE una wayo dey too much @ 2.45pm ... more of skye bank! skye bank results will soon come out

Coolcash1:
The dividend information was not anticipated by investors as the company is known for ploughing back its profit. The deviation from the norm and rewarding shareholders a decent return on investment will continue to attract interest from investors which might push the price above N3. However, i don't see it going above N4 as investors become mindful of the yield and intrinsic value.

Coolcash1:
Oh my Tigerbrand, I just love you. Thank you Sir, Alhaji Aliko Dangote...

Nestle, i came here expressing worry about the fall but today you have vindated my trading strategy which is; invest in defensive stock, hold on and watch your capital appreciate.

Eterna oil, I am happy i positioned myself on time and didn't listen to the prophet of doom.

Follow @coolcash1 for advance, solid and technically sound investment advice.