₦airaland Forum

ihedioramma:
The Central Bank of Nigeria will
be pumping fresh dollars into the
foreign exchange market this
week. In the past two weeks, the CBN
pumped $1.2 billion into the
foreign exchange market to stem
liquidity challenges faced by
businesses and individuals
across the nation. Isaac Okorafor, the bank’s
spokesperson, confirmed the
proposed action of the CBN,
further stating that the bank is
resolute in its decision to stabilise
the naira and leave speculators with regrets. Okorafor also cautioned dealers
in foreign exchange not to engage
in any unwholesome practice that
is detrimental to smooth
operations in the market, warning
that the CBN would impose heavy sanctions on any
organization or official involved in
such act. The CBN on Thursday pumped in
fresh $170 million into the foreign
exchange market, as foreign
reserves hit 2017 high. The bank offered the sum of
$100,000,000 as wholesale
interventions, while it gave
another $70,000,000 to meet
requests for business and
personal travel allowances. The nation’s foreign reserves hit
2017 high of $30 billion on
Wednesday, the second time the
reserves is crossing the $30
billion mark since Buhari took
office in May, 2015.

The current reality is even more worrying , despite pumping over $1 billion the rate has remained at 450 to a dollar and refused to drop further.. imagine if they didn't pump...with the drop in oil price and Nigeria's exemption from OPEC quota likely to lifted 1000 to a dollar would not be surprising in the nearest future.

locodemy:
No no,if i escape,which other one will i buy except fbn or transcorp but the time to enter them never reach.i go do two years in fcmb.Dividend of 0.15 kobo ×20,500,000 units will help me to cool temper and wait for capital appreciation.Trust me........i am long here but will be doing jijo with fresh money on fcmb after result while my old units remains there for two years.

u remind me of one dude on SMN that rooted so much for NEM based on their half year result , he got the shock of his life. u dont gamble too much with our magical NSE... or are u acting on inser info?... is Ladi ur friend ?

with the bar raised in the TB market , some of the smaller players would find their way back to NSE lets hope it would be significant enough to create some bull runs in some stocks

locodemy:
Oga,my own problem with zenith bank is why will they come up with the issue of raising fund now when they know the market is in distress...........Is is not possible for market to punish the stock?

They must have believed that their result was enticing enough i guess , Mr Market thinks otherwise

NSE the humbler ... even Warren Buffet would get his hand burnt in this market...i am beginning to think of this market for good till sanity returns...

locodemy:
Hello Rugged,

How are you doing @ fcmb?
Just want to inform you that we need to see and discuss about the result/dividend issues of the company.
I am only giving you from now to friday to make yourself available for the meeting so that we can release the result on monday.If this meeting is adjourn,I will dispose my holdings and leave only you in the fcmb bus.Our minority shareholders are getting tired and offloading their holdings gradually.Pls I need us to talk.

Thanks
Bro Loco.

its a pity 999 no dey naija ..i hope some people would not have heart attack when this FCMB result comes out..If u be babe i for offer free standby CPR services

ihedioramma:
You see food they ask if na feed .

sometimes I need translators to translate your statements to English

this year is looking like another planting season .. giving the curent economic climate i felt Zenith bank's result was relatively good the market thinks otherwise

Superman7:
Hello everyone, please beware of the site: "METABITSSHARE TRADE"
They are the biggest fraud of 2017. They stole my $300. They will tell you that you can invest any amount and get 10% profit daily, I started with just $2 and they kept raising the stakes and telling me to upgrade till I paid $300, after then they told me to upgrade to $600 and I then saw their tricks. Were they paying? Yes, they promised to pay 10% returns daily which they did, but they withheld the withdrawal and made it pending till you upgrade (pay more money) it's as if you're even putting back twice of what they give you.
Metabits Shares Trade is a very fraudulent site and over 6,000 people are currently trapped, DON'T JOIN THEM. TELL THOSE AROUND YOU TO STAY OFF METABITS SHARE TRADE.

While trying not to be judgemently i feel you were duped because of pure greed .. 10% daily ??!! Haba my brother..if they could achieve that they wouldn't be needing someone else's money na. you see people calling almost 20% annual returns from TB jackpot, put this in context to what you were promised.

amanikondo:
For those that argue that having burglary separately is more secure, see the outcome here.
The burglary was removed.

www.nairaland.com/attachments/4846307_isherinorth1_jpeg62d71bdfa6e1f99640a980e00867b6f0

it appears the intention of people that did this wasn't just to steal o

PETERiCHY:
For those that don't know history this was exactly what FCMB market makers did in 2014,

They held the Stock @#4:00 for more than 2months to suck in more gullible investors by the time they were done it drastically lost half of it value.

"A WORD IS A ENOUGH FOR THE WISE"

*ThE OcToPuS*

Hilarious.... if u call investing in FCMB "gullible" I wonder what people would say to someone advising us to buy transcorpse at this period....

Just when you think a stock has bottomed out it fall further .. my eyes on UACN

[quote author=diordaves post=53454732][/quote]Thanks!

diordaves:
To start with, is it a storey building? which I guess it is, please do a 40ft tower. You may have water pressure problem for upper flat(s) with 30ft.

The cost depends on the height and the carrying capacity of the tower. What is the size of "water containers" (tanks) and how many will be balanced on the tower?

With the current price increases N550K may just cut it.

I did over 40ft tower for 4 water tanks for N480K. See pic.

Like the burglary in the pix , could you kindly post pix of the burglary

Zhirinovsky:
Story!
You think otedola will fold his hands and watch his company become that worthless? And watch his billionnaire status dissappear? You think some pple don't manipulate and pump upp the stocks? All those rallies FO went thru late last year, you think they were ordinary?What if Fg reviews petroleum pump price 2mao. Am currently trapped in FO, but I don't panic because pple that has more to loose if the sp crashes won't allow it to crash!

yeah he can pump up and manipulate but the question is for how long ? ..figures don't lie

Zhirinovsky:
Story!
You think otedola will fold his hands and watch his company become that worthless? And watch his billionnaire status dissappear? You think some pple don't manipulate and pump upp the stocks? All those rallies FO went thru late last year, you think they were ordinary?What if Fg reviews petroleum pump price 2mao. Am currently trapped in FO, but I don't panic because pple that has more to loose if the sp crashes won't allow it to crash!

....Confirmation bias

angelo82:
I was right about FO moving after this 22nd and subsequent release of result.I think I have to ignore some people as you said.

People's risk appetite and trading strategy differ ... would rather go for Total ... at the end of the day as long as money is made thats d koko

This could be what triggered FO and Oando move today

http://www.thisdaylive.com/index.php/2017/01/26/presidency-orders-finance-minister-to-pay-petroleum-marketers-n150bn-debt/

http://leaders.ng/exclusive-whistleblower-gives-leadersng-damning-evidence-corruption-central-bank-nigeria/ ... if this is true Nigeria is finished.. its just a pity

OBAGADAFFI:
That why I think PZ is very attractive at the current price

Sir did you see their last result? wouldnt go near PZ for now

Can someone kindly recommend a reliable builder to provide quote and deck my building

Thought to share.. this free course may be beneficial to some of us here in honing our skills in analyzing annual reports and financial statements. https://www.edx.org/course/accounting-decision-making-iimbx-ac103x

PETERiCHY:
By this time last year when USD was trading circa N250 I made it CLEAR that FOREX trading will be the ONLY profitable business in Nigeria for 2016 and what happened

Well don't worry by this time next year you will know that 2008 Global Meltdown is a childsplay compare to what we are going to WITNESS next year.

*ThE OcToPuS*

so buying dollars only to sell some months later is your definition of FOREX trading.

DOLLARTEX:
I Tell you,nse is spot on with this,the death of the founder is a growing concern.if u step into mc u will be scared for your funds.building with old paints,office located at the far back,almost one room.though they are online sha,the capacity of staff i see!o

Na inside SHIT money dey

manie:
I use CSL Stockbrokers, United Capital Securities and Investment One Securities.

Not sure how this info has helped anyone... which of them do you recommend and why

Coolcash1:
http://investorsking.com/nigeria-proposes-jail-time-fines-as-it-tries-to-bolster-naira-bloomberg/

Finally, our CBN governor has confirmed his cluelessness in managing the economy...Dollar going to N1,000 soon...

In my opinion it is Buhari that his clueless.

manie:
Why stanbic ibtc, there are lots of stock brokering houses for retail investors like you, but if you must open an account with Stanbic Ibtc all you need do is to call their customer service and make sure you have a minimum of N5 million in cash or shares.

Stanbic Ibtc, FSDH securities, Rencap Securities and FBN Securities all require a minimum of N5 million.

I have 2 stock broking firms i trade with one of which is Morgan. Just tired of all these one man biz stock broking firms. Poor customer service etc. Lost loads of money due to this Morgan issue, cannot exit my losing positions. The minimum of 5m isnt actually the issue, just looking for quality service. Any recommendations please?

does anyone trade with stanbic ibtc here?please advise on their services and trading platform

Could anyone advice/comment on the services of Stanbic IBTC stock brokers here? Thanks

chunkuli:
why not try those nos on google to see if they connect first before you judge. you assumed l had not called those nos endlessly? you dont need to comment if you dont have nos for me

u prolly didnt see the humour in my statement . no vex.. just ignore me, na bear market cause am

chunkuli:
so nobody has a no for lead capital? l thought we are suppose to be bsntl? to imagine some use lead capital and have refused to share the phone no they communicate with them on. its okay. wont bother to ask again.

to imagine u can always google and search for their contact details rather than waiting for someone to do that for you . its okay. wont bother to comment again

Godisfaithful:
We are on a long path to breakthrough. The present government is not helping the situations at hand. Don't be surprise if scarcity of petroleum resurface anytime soon. The policy to liberate the economy to a positive road is far from reachable at the moment. Time to sideline your cash and see what the market is up to (buy in trenches when opportunity arises)! If there's no long lasting solution to our forex market, the stock market will remain volatile, stagnant, and economy will continue to slide! In all, let's continue to pray for NIGERIA .

Long Walk To Freedom!!!

There is trouble when one of the strong believers and NSE optimist concurs that the walk to freedom is loooong