₦airaland Forum

feelamong:
is there still anyone investing in this?

91 days -------5.61%

182 days ------7.0%

364 days -----8.0%

Those rates are unsustainable. No body will tell them to raise it. Our economy has not reached the level where rates would be this low. Sanusi tried it and no one told him to reverse it.

Raymond Dokpesi says N2 billion paid to him was for media election campaign... CAVAET: this is not a buy recommendation for Daar come. Do ua own dd.

I thought the three wise men said the entire banking sector is Distressed, with FBNH at the helm...

AlexLoba001:
SMH. I doubt that info. If you dont mind please e-mail me the name of the client let me find out.

I have said as much as my duty of confidentiality permits. But if you doubt me just place a call to your Owerri office or legal department to confirm.

AlexLoba001:
Now that rates on TB are down take the treasury product investment opportunity from Equator Capital Asset Management Limited. They can give you between 8%-16% ROI depending on your principal and tenor. You can call or mail this guy for more info osowale@equatorcapitalng.com 08086950295. His name is Tobi.

I have a client in court today suing Equatorcapital for the money he invested since 2011 on this your fixed income thing, which Equator is findig difficult or cannot repay.

Agbalowomeri:
FBNH publish names of chronic debtors; so go check ur name if u dey owe first bank

I didn't buy Guardian today. Pls check for me. My full name is Jubril Adewale Tinubu.

Agbalowomeri:
You see today's guardian?

Pls what was in the said guardian?

PETERiCHY:
[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

Excellent result.

The era of sound corporate governance is gradually arriving.
FRC sanction: Stanbic IBTC stocks shed
N22.4bn:
The suspension of the chairman, managing
director and two other directors of Stanbic IBTC
Holdings Plc by the Financial Reporting Council
of Nigeria for filing misleading financial
statements has taken a toll on the group’s
shares and market capitalisation.
A review of market statistics made available by
the Nigerian Stock Exchange showed that
between Monday when the FRC made its
decision public and the close of trading on
Tuesday, Stanbic IBTC’s market capitalisation
had fallen from N230bn to N207.6bn.
On Monday, the group’s share price fell by five
per cent or N1.15 from N23 to N21.85 before
shedding an additional 4.99 per cent or N1.09 to
close at N20.76 on Tuesday.
The FRC had on Monday directed Stanbic IBTC
Holdings to withdraw and restate what it
described as “misleading financial statements”
for the years ended December 31, 2013 and
2014.
It also suspended the group’s Chairman, Mr.
Atedo Peterside; Chief Executive Officer, Mrs.
Sola David-Borha; two other directors, Mr. Arthur
Oginga and Dr. Daru Owei; and Ayodele Othihiwa
of KPMG Professional Services, the group’s
auditors.
All five persons were suspended for attesting to
the “misleading” financial position of Stanbic
IBTC Holdings for the two years.
The council had in August opened an
investigation into Stanbic IBTC in response to a
petition written by shareholders of the bank,
drawing the attention of the regulatory
authorities to some unapproved transactions
allegedly conducted by the bank with its foreign
technical partners.
In the course of its investigation, the FRC said it
found out that Stanbic IBTC had violated
provisions of the International Financial
Reporting Standards in its financial statements.
It added that it found technical issues in the
financial reports of the group as well as
problems with statutory audit and auditor
independence, ] presentation of information with
regards to current and deferred tax liabilities, and
instances where information was concealed.
culling frm Cashcraft AM ltd.

angrybull:
Kindly write : sec@sec.gov.ng
Copy:
Njoku Agnes= anjoku@sec.gov.ng Eguridu Cynthia = ceguridu@sec.gov.ng Onyeabo Philip = ponyeabo@sec.gov.ng
Remain blessed.

Thnks alot.

OBAGADAFFI:
http://www.nse.com.ng/regulation/market-surveillance/x-whistle-(whistleblowing)

Thanks ,but I need that of SEC. The transaction involve fixed income investment and not shares.

Please could someone assist me with the complaint web site and also the abuja address of SEC. Its really urgent. Someone needs it to lodge a complaint involving a stockbroker/client-money fraud.

Monkey for sale.Gospel according to WT says pls endure one more quarter of loss. https://www.thecable.ng/tinubu-explains-oandos-loss-blames-oil-prices-naira-weakness. Wale Tinubu, group chief executive of Oando
Plc, has blamed the company’s record loss on
falling crude oil prices and the weakness on the
naira.
Tinubu said his company was brave enough to
let out its financials with the needed integrity, a
virtue he believes will help the company recover
after one more quarter of loss.
Speaking in an interview with CNBC Africa,
Tinubu said what his company did was to ensure
financial integrity, while preparing for the future.
“We see it as a means of ensuring that the
integrity in our finance is kept at ultimate
priority, we seek towards creating a platform to
deal with the challenging future, which we see
would occur in the next couple of months as a
result of weak oil price and dwindling exchange
rate and an increase in interest rate,” he said.
He added that the impairment experienced by
the company does not in any way affect the
company’s recent acquisition, Conoco Phillips,
which was bought for $1.5bn, one of largest
acquisitions in the history of Nigeria’s oil and gas
sector.
“The impairments do not affect in anyway our
acquisition of the Conoco Phillips portfolio,
impairment relate primarily to legacy asset,” he
said.
He said with the oil price recently gaining
stability, Oando is seeing renewed interest from
investors, adding that his firm recently signed a
contract with Chevron to deploy one of its rigs at
$80,000 a day, to go onshore next week.
Speaking to the thoughts of investors at such a
critical time, Tinubu said the company’s focus
remains on exploring the right assets with
dwindling oil prices in mind.
“The positive story going forward is that we as a
country that has integrity in its financial, has
been brave enough to do what is right…when the
future of the oil price is uncertain, such that
everything that it keeps on its books is
generating at a cash policy of profitable nature.
“We have also done a successfully done a major
acquisition a year ago for $1.5bn, and we have
generated over $600m a year in cash flows from
that operation and we have paid down over
$400m of debts, thus reducing by close to 50
percent, the acquisition cost of that investment
in one year.
“We look forward to being able to pay off a five
year facility in two and half years. That’s our
focus as a company, to buy the right assets,
develop the right asset, produce the right assets
and pay whatever finacnicil leverage we take in
the acquisition and be focused on things that are
cash generating.
“The oil price is volatile, the interest rates are
high, the exchange rate is devaluing and
companies like us are taking the appropriate
steps to protect the future.”
He said Oando would come back to profitability
after one more quarter of loss.
Oando had a record loss of N183.9bn in the
2014 fiscal year , with N35bn loss in the first half
of 2015.

manie:
Administrative cost of over N250 billion is not real, that is a creative way of cooking the books. It will take God's grace for Oando to get out of this mess in 5 years.

Pa Emma, what in your opinion could be the implication of the over $461mil (90billion naira) helios/vitol JV deal and why did they deliberately refuse to include it in the released results. WT remains unpredictable and unworthy of trust. In my opinion, this result was released to make some pple sell their holdings while WT and co mop them up before releasing the 3rd qrt result. I wouldn't advise anyone to sell, until the 3rd qrt result is out. Wt that I have come to kn would not just release such a bad result. It is either he wants to declare for bankruptcy (after laundering all the company's money) or he is planning some grand scheme. Only time will tell.

Born2berich:
Anyone expecting this oando rally to continue is sitting on a long thing.....Investors in this stock should be highly cautious because after S & D is P & D.....Don't let them dump this useless stock on your head. I don't expect the price to go far and I don't see their result ( if it is ready) to be a good one. Beware!!!!!!

Having seen their halfyear 2014 result, I don't see them posting a bad result for full year 2014. Na the 2015 result de give person fear.

I hear say cadbury 9mth result don show, and na 98% dip in profit. Wale, pls release our own result. We will take it any way. Afterall, Cadbury shareholders never die finish.

So finally FO has overtaken Seplat. I think I see another Oando.

Jesus.

makashava:
COULD ANYONE IN THE HOUSE PLS REVIEW AND ANALYSE OANDO IF IT'S OK FOR A BUY AND HOLD SHORTTERM WISE. THANKS

In myyoy's voice : 'it can only go up'

Cation:
pls who has done t.bills with diamond bank should tell if the bank is reliable.

I always do the secondary market with them and they are more than efficient. I dont kw about their primary market transactions.

how much do you sell strong reciever 4935

donofdons:
Thats why i dont deal with newbies..you said it yourself that you shouldnt deal stocks emotionally.evans medical rose by 70% after my prediction and then is falling together with all nse indexes.
Instead of you understanding market dynamics and be happy while increasing your shares in it massively given my later analysis and explanations.evansmedical is not a stock that you should keep and sell now. Increase your portfolio as much as possible because the dividens that they will be paying in 3yrs will be triple the price you purchased the stock.
I already own 11 million evan medical shares and i am buying more to move myself to the next level in wealth ASAP

From the above comprehension passage, answer all of the following questions:
1) What is the Monkey hunting technique used by the writer in the above passage?
2) Do you think the monkey traders will fall again?
3) Do you see investors falling for his 3yrs bait, given the fact that in the said 3yrs, the country will be in another election mood.
4) What is the likely fate of those who would be moved by this passage, to invest their hard earned cash in the said coy?
5) Will monkey hunting ever stop in NSE? If no, suggest detection techniques)
(15marks for each question except question5= 30marks)

PETERiCHY:
[www.proshareng.com/news/Corporate%20Earnings/OANDO-Energy-resources-announces-Q2-2015-Results-Proshare/28133]. Have a look at it! http://www.proshareng.com/news/Corporate%20Earnings/OANDO-Energy-resources-announces-Q2-2015-Results-Proshare/28133

Bros,This is not the main oando. Look out for Oando Plc or Oando Group. This result is for just one of six subsidiaries of Oando.

Whats the location?

car?

I want to buy a decoder and dish soon. Pls which would you guys recommend. I love sports and movies,and would thus prefer one that would have alot of them for free(ie free to air)

Chillisauce:
They take all their fees, and send your interests as soon as your bid goes through . At maturity you are paid the amount you bid for.

thanks

Pls guys, does custodial fee increase over time? And when do they charge for it? Before or at maturity? I just got a debit alert of N2000 from my bank for a bid I placed on Monday. Note that previously it was charged on maturity an was less than N900. They have never told me the rate.

Andibot:
I just applied with Access bank buh I was told their bid is 11% for 182 days. anyways l accepted. buh l wanna say to u guys.

happy investing! ;DI just applied with Access bank buh I was told their bid is 11% for 182 days. anyways l accepted. buh l wanna say to u guys.

happy investing!

Why na? Diamond bank offered me 13% for 178days just yesterday.

anyone with information now the last auction should please past.