₦airaland Forum

OBAGADAFFI:
My brother this blessing won't pass me by

Might jump out on Friday

@ZENDI

HOPE YOU TOOK PROFITS FROM OANDO YESTERDAY

Those are Big men kids, most of them do too much Cocaine

jpphilips:
Lower interest rates will lower cost of manufacturing faster than Lower taxes. I am not sure there is any company in Nigeria whose Local tax peaks its recurrent expenditure, Nigerian companies that cook their books, bribe tax authorities?
Perhaps you should ask Ben Bruce why he has been unable to repay the 11 billion naira debt he has with Union bank, cost of funds is not a joke in Nigeria, trust me when i tell you that, even discounting invoice rate in Nigeria is amongst the highest in the world.

Lowering interest doesn't translate to lower cost of manufacturing.

Lower interest rates gives you access to funds.
But the cost of manufacturing is unusually huge in Nigeria due to infrastructure deficit and taxes/revenues.

currentprice:
Lol....3 days ago some one said you have faith in oando,,,,,it look like I day too read mind sha

_{^{but y this popular stock}}

Well, you remember the Books of Hebrews 11

Na only people wey get faith, dey do stock business this days

jpphilips:
Your points sound valid but I have a funny feeling you enthrone the Bank's interest above the interest of the average Nigerian, your position is in tandem with the CBN, which tells me that it is one of those moves the CBN employ to save their interests with the banks.
Did you forget that "Low forex inflow" like you hammered triggered another monster called "low revenue" for the government which necessitated tax increase?
If you lower tax, how do you compensate for the revenue loss for the Government? you can not be asking the Government to meet up with its wage obligations and proposing tax cut, it's a total conflict of interest. Government wages alone is a value chain stimulus.

I support a lowered interest rate, the CBN's arguement on "forex pressure" is too weak to be taken seriously. How is the CBN meeting its forex obligations to manufacturers to be jittery of further pressure? he that is down fears no fall.
If Emiefele is scared people will take loans and import stuffs (forex pressure), has he considered that lower interest rate will not only spur importation, it stimulates SME's who are contractors to the manufacturers thereby keeping the manufacturers afloat, considering the amount of goods we lost to importation bottlenecks (actual cause of inflation), it behooves common sense to prioritize our manufacturers because they are the last source of goods we have now.
If the bottle contractor to NBL does not supply, how is NBL supposed to produce beer? even if CBN doles out $$ to NBL. However valid your points are, it still appeals to me very selfish and insensitive, We stand to gain more from lowered interest rate than otherwise.

The angle where the CBN said its current policy has attracted $1b so far, does it occur to you that these type of "foreign investors" do not invest in the real sector of the economy, they add absolutely nothing to our socio economic value chain, yet we prioritize their blood money over the well being of hard working Nigerians?

They are international blood suckers who feed on the carcass of dying economies, look at what they did to Greece, so long as the interest rate is high enough to accommodate their risks, they are more than willing to invest, in the short run, we may have the liquidity, but at maturity, you will regret taking their money, they hardly create jobs nor have physical taxable structures nor corporate social responsibility, they are what I call them, "BLOOD SUCKERS".

Be reasonable bro!!

Lower taxes is better than lowering interest rates.

When you lower interest rates, you automatically have more money in circulation chasing fewer products. And most Bussiness will prefer importing thier products due to the high cost of manufacturing.

What the government needs to for on is the reduction in the cost of manufacturing in Nigeria,and lowering taxation can achieve that.

GTB petrol don finish o

locodemy:
OANDOOOOOOOOOOOOOOOOOOO!

I hope it hit N 10 before slowing down

fxuser:
Banking license cost pass d current market cap of N19.8bn ! !
#bargain

I saw it below @ .99k this morning

HA FCMB now looking Juicy

8. The recovered funds are being channelled towards the development of critical infrastructure and the implementation of social inclusion programmes for our people. We are also strengthening our capacity of government entities to institutionalize reforms to ensure transparency and good governance.


But the same government told us they can't spend the looted funds, due to legal issues.

locodemy:
why not give the stock a trial...........the new partner(HELIOS) might like the price to go up as they are ready to turn the company around like TOTAL,FO and co.......i must see it to the end...........

I no be monkey hunter ooo

Oga forget all these upstream Bizz Oando is trying.

Petroleum marketing(downstream) is the real deal now.
Oando most focus more on downstream.
Conoil profits are majorly from the downstream sector .

Na JIJO mode Oando Dey for now

histemple:
Even with her story alone, one could tell that she is an evil woman. You ran away with the kids and started dating another man without filling for divorce first.

Why not get a divorce first then continue opening your legs to all manner of men?

Your husband obviously attacked your lover and your adulterous self joined the fight.

Just look at your stinking mouth that he came and you allowed him access to "MY" kids. As if you are the only one who owns the kids.

This is what some women do. They would run away with the kids, rent a house and go into prostitution thereby exposing the kids to negative influences as different men will be flocking the house to patronize their adulterous mother.

Just listen to yourself.
So you see nothing wrong in the senseless attack .

This man will loose his Job and end up in Jail.

He is lucky he wasn't mobbed for by the residents for that action.

zendi:
ObaGadaffi you manage see oando buy today?
I tell you say yesterday na profit taking and loading opportunity.
I mean for jijo o........nobody say make you sleep there till they settle their gbese finish.

My brother this blessing won't pass me by

Might jump out on Friday

fxuser:
Ucap
-downward trend diminished for now !

Fidelity
68m on offer #lobatan umm

Fcmb
- indecision , indecision , indecision

CBN Gov will be on CNBC shortly

FCMB: 51,558,348 why

#NSEToptrades by volume 20/09/16
FCMB: 51,558,348
WAPIC: 23,972,431
ACCESS: 21,340,067
UNILEVER: 16,022,906
GUARANTY: 13,301,546


#NSETop Gainers 20/09/16:
DANGCEM:183
TOTAL: 269
CONOIL: 38.69
STANBIC: 16.05
OANDO: 5.34


#NSETopLosers 20/09/16
UACN:21
UNILEVER: 45.5
WAPCO: 56.15
GUARANTY: 27
AIICO: 0.59

Smallb0b0:
I use reltel on my modem and starcomms on my phone.

I use my Multilinks on modem and ZOOM on phone

locodemy:
OBAGADAFFI..........i just dey suspect you these days...........its like you are fully loaded in those cheap stocks that are about to take off.........i dont use to see you a online than the way i see you these days........your guy is loyal

One of the cheapest things to buy during Inflation is stocks.

Recession is the best time to hunt for stocks.

This is bargain hunters season

DeRuggedProf:
I am wondering if I should go for DIAMOND or FCMB. I need help here.

FCMB @ N1 - 2,331,133 (BID) 750,000(OFFER)

DIAMOND @1.14 - 500,463(BID) 1,324,348(OFFER)


I prefer FCMB ,

Diamond might still go lower,

locodemy:
OBAGADAFFI, what do you have to say about oando today?

I have been monitoring the rally since morning, from (4.55%) to (2.55%)

With insignificant change in price.


Well, the gods are not to be blamed.

DeRuggedProf:
34million units of fcmb already sold!!!

But the price is still @ N1 since morning no changes.

Intendy:
they've not announced anything this year at all cause of a problem with FRCN.

Thanks

Intendy:
Ibtc final of around 0.25k and interim of about 90k- #1 on the way.
hold on tight

Do you mean STANBIC IBTC HOLDINGS PLC ?


I thought i got some divs from them this year.

Maybe they are for last year.

Fidelity biting the dust since independence

Fidelity is not keeping their words.

AZeD1:
The banks don't need government. They need to do real banking, support small scale industries with cheap loans.

They had free government money for years and rather than help small scale industries, they were using the money to buy government bonds hence the large profits they were earning.

It's time for them to work for there money.

And where will they get the monies from?

currentprice:
Lol,,,,which faith,, he sighted one good stock to buy,,,so the need to monkey hunting oando to release cash for the eyeing stock

Ha, you suddenly remember Hebrews 11

cadno:
Hi BNSITL
Pls anybody got alert from UBA Div yet ? today is pay day !!

Just got UBA payment

NFT AFRIPRUD/Dividend....

locodemy:
oga you said it all......the debt is the major problem of oando.......for profit,they are on track now like other oil companies.......expect the price to go up soonest despite every odds.

I like your faith in Oando.

zendi:
Higher crude prices will help in this regard if a deal can be reached at the Algeria meeting.
So hope arising therefrom is not false hope.

The same meetings they have be doing since last year.

Don't forget the Niger Delta crisis is still lingering .

I would suggest Oando focus more on Petroleum Marketing business within the country than this crude Oyel business.

zendi:
Profit taking. Oando closed 4.76 on 02/09/16, so its trending up.
For today, some jijoists are cashing out.
This could be entry opportunity, reference my post above.

Buyer beware.

LOL

I prefer doing JIJO with UCAP and co than Oando.

zendi:
It has also been said that when there is life there is hope.
Take away hope and somebody may die b4 his miracle reaches him.

And for the sake of the Nigerian economy, there are sounds of hope coming out of the crude oil producers' camp, ahead of next week's Algeria meeting.
Even the spoiler Iran has signaled interest in an output freeze/cap/cut deal to stabilize price.

The oando bus engine is already revving in anticipation of good news.

Buyer beware.

Oga false hope is delusion .

The profits coming to CONOIL and other Oil marketers today, are majorly from Oil marketing business within the country.

Like i said earlier Oando most do something about their debt profile, before they can restore confidence .

Doyin2:
Just before you mislead the public:

Nigeria was not importing fuel during Abacha period or when Buhari was the chairman of PTF.

Even the worst economists in the world, know that economic growth without economic development is nonsensical.And that is why we are where we are today as a nation.Economic growth,yet no economic development via productive and efficient local refineries.

If you consider growth in foreign reserves when the price of oil averaged $100,as an achievement,then I think I am chatting with the wrong person.

Now am 100% sure your are ignorant .

15. It was under Abacha that Nigeria became a perpetual importer of petroleum products, as all the refineries packed up. However, 17 years after his death, Nigeria is still heavily dependent on fuel imports.

16. An unforgettable phenomenon under Abacha was the importation of “foul fuel” which had an offensive odour and damaged car engines.

https://www.thecable.ng/20-things-to-remember-about-gen-sani-abacha

Our foreign reserve start growing when oil price was below $70, it was the same we got debt forgiveness.

Bye

locodemy:
Bros i dont know what you are talking about........The stock will end the day on bid

Oando closing -0.22 (4.11%)