₦airaland Forum

Oshokhai69:
Guy stop talking rubbish and learn to grow. Only the Central Bank can print money through a minting subsidiary. This is the practice globally. No commercial bank has the permission to print money. Stop talking out of your smelly asshole and learn from people wey sabi.

I really feel like lashing you 600 strokes of the cane on that your bald head right now

ojesymsym:
I have read/ heard this concept before and suspected that it was what you meant.
However, you used the catch phrase "Print Money" whereas the correct term should probably have been "Create Money".

ibechris:
This kind economics must be from another planet.
With all due respect to your personality,I think this is what I call economic terrorism.

This is not doable any where in the world. Banks don't print money.

Oshokhai69:
Guy shut up there and stop misyearning and misinforming people..who told you that banks print money? That’s a very foolish talk. Only the central bank can print money!!!

I wish I could locate you and give you 60 strokes of the cane on that your yellow bald head

Olaide1295:
When faced with two difficult options of either defaulting on its debt or printing more money to pay back (which causes inflation), the government will definitely chose the latter.
The former will cause immediate social unrest so it is not even better. CBN has no choice but to continue printing Naira for the foreseeable future. In other words, naira will continue depreciating unless the government finds a solution to the revenue and spending problems.

By the way, CBN has also printed about 20 trillion for the government which is not even recorded yet in our debt. Once it is added, the debt figures will balloon.

pizapato:
I was actually expecting Zenith to hit N18.5-19 after interim dividend but it has refused to go down. May be it will fall towards the end of the month sha

The price of WAPCO might go up if they decide to pay interim dividend after Q3.

Zegra:
You want to sell Wapco based on technical or fundamental ?

ositadima1:
[s] Not a buy tip: Oando:Buy 4.85, Sell @ 4.36(10% stoploss) or 6(24% gain) or Sept ending(gain or loss) [/s]

thesilentone:
I don't average down. Why throw good money away when I can see it is in a clear downtrend.

thesilentone:
It is searching for a bottom, hasn't found it yet. The seller is conscious of the #19 relief area. If it doesn't bounce there, journey mercies to near #17

Davidganna10:
I love this guy villain vibes

RabbiDoracle:
NSE bearish? Some stocks could be, but the overall health of the market as seen from the index is still bullish.

From a high of 54,290 to current value of 49,546 is just 8.7% decline. This index doesn't look bearish.

bennyflipy:
Please is it advisable to sell my MTN shares I bought last December, the price as been falling like wetin I no know

Redoil:
if i am to invest one million which stocks will you suggest i buy

yMcy56:
Outperform UBA in terms of what and what?
Capital appreciation? Financials?

yMcy56:
One thing I know is that Mr. Market do happens to all stocks. Sometimes we wonder why some situations are like that. Even the UBA wasn't supposed to be battered like it is currently but it is what it is.

yMcy56:
UBA can't be compared to FCMB in this instance.....
Those highlighted reasons were not all inclusive......
UBA appears to be the best in this season........in my layman's understanding.

GTCO: Once the dumper is done (and is appearing so), the rise will likely be faster........started on a slow and steady move already.......all things being equal.

Even at N21.35 yesterday's closing price, GT's Dividend yield is still 14.32%
Followed by Zenith N22 @13.96%
Followed by UBA N7.45 @13.51%
Followed by MANSARD N2 @12.69%
Followed by UCAP N12.85 @11.86%
..........to mention the first 5 as at yesterday's share price.

**NB. Could see that Oga OGG also made some analysis on your comparisons. E be like say I dey on track too. Lol. **

BabsO2:
Please do you know what is this Investment securities FVOCI that eroded last year non interest income of these banks noted above.

ositadima1:
I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

BabsO2:
Thanks for the clarification.
I pray the breakout comes good with no breakdown before it happens. Sold a 10+ year NGN bond I had on CSCS above the price i bought it as interest rates are now low compared to when I bought it and placed the proceeds into UBA with a view of getting just very slightly more income. Bought the UBA at N7.50 but can see it closed this week at N7.40 even though online demands daily far outstrip supply. Seems a lot of people want it but at lower prices. But few are selling. Perhaps only desperate sales brought the price down. And not that it really wants to breakdown.

Simonokeh7:
So guys I have started Grey's Anatomy very educative series..

Let's see how much mileage my interest fuel can go..

So I will be giving my update here.
I just finished season 1.

1 down out of 18

Modified

Omo!!!
Can I do this?..
Me that watch series concurrently.
What if i jam another series that takes my interest away..

Krisuba:
Doesn't sound logical. How can u be rich if not through your income??

Toluway:
Haven't you read about Warren Buffett?

Ibrahim505:
.
I have to abandoned my 2019 zenith dividend as veritas insist i that, my broker did not submitted the signed transfer form to them so, I should send mandate form to them through my bank. Morgan capital even shared with me the copy of the signed transfer form they sent to them.