₦airaland Forum

Flour Mills Registrars Limited Change of Name Please be informed that Flour Mills Registrars Limited has changed its name to Atlas Registrars Limited.

The change of name has been approved by the Securities and Exchange Commission and registered by the Corporate Affairs Commission.

Please update your records accordingly.

MPC minutes support claim of imminent FX policy review...

http://businessdayonline.com/2016/05/mpc-minutes-support-claim-of-imminent-fx-policy-review/

https://www.proshareng.com/news/Regulators/Personal-Statements-by-Members-at-the-106-Monetary-Policy-Committee-Meeting-of-March-21-22,-2016-/31138

FG pays 2015 subsidy arrears to oil marketers

http://www.theanalystsng.com/fg-pays-2015-subsidy-arrears-to-oil-marketers/

UBA leads as CBN forex sales to banks drop to $131m

https://www.today.ng/business/123289/uba-leads-cbn-forex-sales-banks-drop-131m

valacious:
oya, my ogas , who will analyse the impact of this stopped strike on the market...
cc. Godisfaithful, 9free, myjoy

Godisfaithful is presently banned after posting the update news about the strike

myjoy085:
What Christmas blessing are you talking about in Stock market Pa Ihedi?. Stock market is all about being pragmatic and real but not based on religious assumptions and prepositions. The truth is that you must rack your brain wella to make it here.


It is well

Since u have decided to compromise by name (moniker), I leave u for God. He shall judge you and reward you. And this will be my last post on this name, MyJoy084!

myjoy085:
I wonder what makes you believe that myjoy is patently and exclusively yours? As far as I know myjoy is a word in English so perish your thought.

Meanwhile we are here to make money not possession and obsession of moniker.


It is well.

Sir, if you think i'm here to exchange words (confrontation) or flex muscles with you, you are absolutely wrong. Keep doing what you know how to do best. May the good God reward us all.

myjoy085:
I encourage everybody to invest massively in oando, tiger head brand, honey flour,unity bank and Wema bank. What I know is that money must be made this year.
It is well..

Sir, why not use another built name of yours (moniker) to prank instead of using myjoy085? May the good Lord reward your thoughts and mine!

PETERiCHY:
Oga Myjoy, i dont know the owner of that moniker but you overlooked the message and was attacking the messenger.

Yes Nigeria will be great again agreed.

Even the bible made us to understand that as long as the earth remain
"SEED"
"TIME" and
"HARVEST"
shall never cease.

2016 and 2017 is the TIME it will take for the Nigeria SEED to germinate.

In other words it will be a very trying period and Nigerians will go through excruciating pain of pregnancy before the NEW NIGERIA will be birth.

All tose looking for quick and easy money will be highly DISAPPOINTED e.i STOCK MARKET.

That was why i have been laying emphasis on AGRICULTURE since middle of this year because the era of OIL MONEY which happen to be the CHIEF BEDROCK of corruption is DEAD and BURIED.

*ThE OcToPuS*

Everything stated is well understood and noted sir. Before oil Nigeria survive; so, when the era of oil money is restricted, Nigeria will surely survive it. You can belief whatever u choose to believe (Mindsets is everything). With God, Nigeria will experience a positive turn around in 2016 and I will b a living testimony to that.

MonitorinSpirit:
Merry Xmas. I wish u all a bearish 2016; a year of mergers & acquisitions, and a complete market crash of a crumbled economy.

Sir, If that's what you wish for yourself, good-luck! Do you think if there's a complete crash of our economy(market) you will survive it? Always be careful of what you wished for. Anyway, as for me and my house, 2016 is our year of many blessings, breakthrough, victory, happiness, good health, and a year of positive turnaround for our dear country Nigeria. With God, Nigeria shall overcome its present challenges and you will be disappointed!

mumu9gerian:
what are its disadvantages

Sir, the process is good for investors/traders/speculators who don't trust their brokers with huge amount of money when it comes to cash withdrawal after they sold their stocks. On the other-hand , it is not good for traders/speculators/investors who trade often in the market not once in a year! If you are not a daily trader(and investors sometimes) like some of us here, you can go for it and vice versa

Krisuba:
But not stated!!! Or r u the secretary to the NSE BOSS?

Direct Cash Settlement Kicks-off in Nigeria's Capital Market
Wednesday, December 23​, ​2015
​
As part of the ongoing initiatives to protect investors and eliminate fraudulent activities in the Nigerian Capital Market, stakeholders in the market under the leadership of Securities and Exchange Commission (SEC) and The Nigerian Stock Exchange will, with effect from January 4 2016, commence the Direct Cash Settlement initiative, which is the direct payment of proceed of sale of securities into an investor’s nominated bank account.

This was contained in a statement released by the Steering Committee on Direct Cash Settlement. The committee maintained that with the effective take-off of Direct Cash Settlement, investors in the Nigerian Capital Market would be credited directly with the net proceeds of stock market transactions which would address the illegal sale of investors’ securities.​

Direct cash settlement is a process where cash proceeds from trades executed by brokers on the Exchange settles directly into investors’ bank account. It starts when a client gives his broker the mandate to sell his or her shares. Once those shares are sold, payment is made directly into the client’s account. This is in contrast to the current practice where proceed from sale of securities is paid directly into the stockbroker’s account and stockbrokers then deduct transaction fees and remit the balance to the client’s account. Historically, issues have arisen on occasions when the proceed of sale were not remitted into the clients’ accounts, thereby necessitating the need for the initiative.

According to the DG of SEC, Mounir Gwarzo, he stated that “with the Direct Cash Settlement initiative, the moment securities are sold, the consideration will be paid into the client’s account. I am happy to report that at the last CMC, our members unanimously agreed that the Direct Cash Settlement initiative will commence on 4th of January 2016. So, we believe this will also improve investor confidence in the market”.

As against the current general practice where the proceed of sale for investors’ transactions go into the bank accounts of the brokers for onward disbursement to their clients, the practice under the ‘Direct Cash Settlement’ would be to send the net proceeds directly from the clearing and settlement system to investors’ accounts while the existing practice of payment through brokers would only happen where clients opt not to participate in the initiative.

Under the proposed framework for Direct Cash Settlement, brokers were mandated to forward their clients’ bank account details to the CSCS, the agent of The Nigerian Stock Exchange (NSE) for the clearing and settlement of securities traded on the Automated Trading System (ATS) of the NSE for clients opting to participate in the Direct Cash Settlement initiative. Se​ttlement of subsequent trades carried out on the ATS would then be effected by direct payment into the client’s account as provided to the CSCS.

Investors are encouraged to contact their stockbrokers for more information on how to opt in to the Direct Cash Settlement initiative.​

Sir, i hope the bold answer the question

Wishing everyone merry Christmas and a wonderful new year of 2016 in peace, happiness, favor, luck, blessings, and many opportunities. Cheers!

This is my Christmas gift for everyone...
Think and Grow Rich Investment book..plz read it!

http://eventualmillionaire.com/Resources/ThinkandGrowRich.pdf

angelo82:
Good luck to you too.............Dont think too much on Skye before entering as am already counting some gains on it.......................Skye always respond at the end of every quarter and I read an article sponsored by their management promising rewards at the end of the year...............Goodluck to everyone in all your endeavors................

Thank you sir. I got some today towards the end of the market but the volume is not enough though...lol. The stocks has some upsides after my consultation lol. I will try to get some next week for end of the year rally by God's grace or look other way round . 2016 looks very promising and rewarding for us all!

locodemy:
train? why enter train when i already dey for my car dey look for who to carry do vuuuuuuum.see tigerhead has a hidden agenda for dangote.fear south Africans when do loose in biz with nigerians.vuuuuuuum.i will buy mine at 0.75k

That is very good of you sir. Don't worry we will see who will come last between oxygen and Dangote (Tigerbrand...)! You are shewing what you can't swallow with oxygen lol

angelo82:
Be cautious and I wish you the best of luck...........................

Sir, wish me luck too as I enter the train on Tuesday (December 29th, 2015) by God's grace

currentprice:
dine alone this time abeg,,,,,,, the one we follow you dine with uncle wale don do us..... #neveragain

Sir, i hear you jare. Sincerely, that is my choice though! Nothing do you lol. Merry Christmas and wonderful new Year in Peace and Happiness!

PETERiCHY:
http://www.zerohedge.com/news/2015-12-23/someone-bets-big-15-crude-opec-forecasts-oil-demand-slumping-until-2020


Someone is betting that OPEC will be woefully wrong in its price forecasts, and is buying puts that see oil plunging as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return to the market and the resilience of production from countries such as Russia raise the prospect of a prolonged global oil glut.



http://www.bloomberg.com/news/articles/2015-12-23/opec-sees-demand-for-its-crude-oil-falling-for-rest-of-decade


OPEC said demand for its crude will slide to 2020, though less steeply than previously expected, as rival supplies continue to grow.

Sir Peterichy, u have done so much for us in this 2015 in terms of updating us with current oil price and its situation. Thank you and THANK YOU. No matter how the going get tough, 2016 is a year of many blessings and opportunities. Oil or no OIL, NSE will remains and open for business and the smart and lucky one will keep making money

angelo82:
Why are you so fascinated to loss making companies?............There are several profit making cheap companies out there............Some billionaires are monkey hunters too..............

Sir, they see what WE don't see. I really miss FO at 245

zendi:
Moreover, is anybody by any chance aware, that the wise old saint, Santa Claus,
appears to have quietly slipped into the market with a handful of his bulls?
Sorry though for bnsiTl caught in Tigerbrands.
No matter how foretold and expected, mr short-term-market is always thin skinned,
unforgiving and punishing to bad news.
I sold yesterday when I saw tiger suffering too much, and felt it needed some refuelling
(some news, press release etc on turnaround plans, from the offices of DIL),
a move that has today turned out premonitive.
Tigerbrands(dangflour) remains a hot one when it bottoms out. Aliko Dangote is its fundamental.

You are absolutely right. But history always has its say in NSE. Most unjustifiable fundamental stock always outperform our market sometimes...lol. Anyway, i'm taken the risk on this one, come next week Tuesday (By God's grace) as long as it come within the range of its resistance price of 1.14 or below . I want to dine with our Ogas' at the top, Dangote

ihedioramma:
so do you think they will do 10 for 1 or 20 for 1 ?

Sir, restructuring doesn't mean reverse stock-split . Merry Christmas and enjoy your bullish New Year!

Youngzedd:
[Corporate Action] Tiger Brand Consumer Goods Records N12.6bn Loss

Nairametrics

That is expected sir...lol . The company is restructuring at the moment with Dangote back on track

angelo82:
Skye bank seems to be back on track..............

Absolutely sir...on my watchlist

It is very insulting for Sterling bank to be trading above Skye bank though ...Kidding

To all our BNSITLs', may the wonderful spirit of this holiday seasons be with us all and family. As we approach the year 2016, may the good God perfect everything that concerns for best and give us every reasons to be thankful and happy in the remaining of this year and the new year ahead. Let's remember this word below...

lancee:
Pained me as well [not a bad deal ] .. could not get fund credited early ..see the MAGIC ..got some @ 3.52 yester

That is funny though sir. Enter UACN @19.50 lol. Don't worry...Too much money to be made between now till next week. UBA Magic is very sweet indeed!

CBN promises robust economy, stable currency in 2016


http://newtelegraphonline.com/cbn-promises-robust-economy-stable-currency-2016/

Question for everyone to answer