₦airaland Forum

X21:
where is everybody?

They sold in MAY and GO away

PETERiCHY:
USD now #650 heading to #1000 while some are busy calculating dividend yield

PENNY WISE POUND FOOLISH

Federal GOVT is BROKE!

EXCESS CRUDE ACCOUNT depleted.

EXTERNAL DEBT risen astronomically!

USD is now N730 heading to N1000.

Nigeria ECONOMY towing the Venezuela WAY!

Meanwhile some are busy talking about cooked financial prints

PEOPLE PERISH DUE TO LACK OF KNOWLEDGE

The Minister of Labour and Employment, Dr. Chris Ngige, says Nigeria is currently broke.

The Minister mentioned this while speaking at the 2022 World Day Against Child Labour.

According to him, the Federal Government does not have money to prosecute capital projects next year, a development that might worsen unemployment and poverty.

“I can tell you that Nigeria is broke. There is no money to fund capital projects next year. As you can see, the dollar that has been hovering around N500 and N600 is now above N700. The truth is that there is no money anywhere. The money that the FAAC (Federation Account Allocation Committee) has been sharing is money from taxes, customs and other revenue-generating agencies..

https://guardian.ng/news/nigeria-broke-cant-fund-2023-capital-projects-ngige-cries-out/

PETERiCHY:
FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

By now many have learnt the moral of the above lesson

Meanwhile like we said earlier a repeat of 2008 global recession is staring at us.

By September it will be glaring and recede by march 2023.

APRIL 2023 will USHER a NEW DAWN

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

MARKET is now a mixture of VAWULENCE and BRIMSTONE.

USD now #650 heading to #1000 while some are busy calculating dividend yield

PENNY WISE POUND FOOLISH

Slimdove:
International brewery @ 4.95
Abi some people don veiw result somehow

Your question is full of stones and gravels

PETERiCHY:
A repeat of 2007/2008 vawulence is gradually playing out meanwhile some of us are patiently waiting for March 2023 before entering the field of play.

BARGAIN HUNTERS TAKE NOTE!

The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent.

The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent.

This was disclosed by the governor of the apex bank, Godwin Emefiele, after the committee’s meeting at the CBN headquarters in Abuja.

The governor of the apex bank said the hike in interest rate would help tame rising inflation.

https://punchng.com/cbn-raises-interest-rate-to-14/


These are some of the reasons couple with the upcoming PRESIDENTIAL ELECTION that will make NSE to RESET.


DON'T be left with the CAN.

BARGAIN HUNTERS TAKE NOTE!

A repeat of 2007/2008 vawulence is gradually playing out meanwhile some of us are patiently waiting for March 2023 before entering the field of play.

BARGAIN HUNTERS TAKE NOTE!

Stocks tumbled Thursday as big bank earnings kicked off with disappointing results and traders assessed the possibility of even tighter U.S. monetary policy on the back of June’s inflation data.

The Dow Jones Industrial Average shed 463 points, or 1.51%, while the S&P 500 dropped 1.38%. The Nasdaq Composite tumbled 1.15%.

https://www.cnbc.com/2022/07/13/stock-futures-slip-after-wednesdays-session-as-wall-street-awaits-bank-earnings.html

On a warm summer's evening
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us
And he began to speak

He said, "Son, I've made a life
Out of readin' people's faces
Knowin' what the cards were
By the way they held their eyes
So if you don't mind my sayin'
I can see you're out of aces
For a taste of your whiskey
I'll give you some advice"

So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his face lost all expression
Said, "If you're gonna play the game, boy
You gotta learn to play it right

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for
Is to die in your sleep"

And when he'd finished speakin'
He turned back toward the window
Crushed out his cigarette
Faded off to sleep
And somewhere in the darkness
The gambler he broke even
But in his final words
I found an ace that I could keep

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

You've got to know when to hold 'em (when to hold 'em)
Know when to fold 'em (when to fold 'em)
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done



https://www.youtube.com/watch?v=7hx4gdlfamo

NSE now a place of vawulence

Despite serious supply problems in the market, oil prices crashed on Tuesday morning due to renewed recession fears and the prospect of demand destruction.

Whilst most of 2022 could only be characterized as a period of hardship for Europe’s embattled industries, things are about to get even worse as Russian pipeline supply falls and power prices across the continent soared.

https://oilprice.com/Energy/Energy-General/WTI-Drops-Below-100-For-The-First-Time-Since-April.html

There is FIRE on the MOUNTAIN
RUN! RUN!! RUN!!!

Wapgod:
What company are you referring to?

Its ADO-EKITI OIL that we purchased @#12.60 and disposed @#15

OBAGADAFFI:
Notification of Suspension of Nine (9) Listed Companies

Trading License Holders and the investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that: ?If an Issuer fails to file the relevant accounts by the expiration of the Cure Period ,

The Exchange will:
a) Send to the Issuer a Second Filing Deficiency Notification? within two (2) business days after the end of the Cure Period;
b) Suspend trading in the Issuer's securities; and
c) Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension?,

Trading in the shares of the nine (9) companies below has been suspended from the facilities of Nigerian Exchange Limited (NGX) effective today, Friday, 1 July 2022 having failed to file their Audited Financial Statements for the year ended 31 December 2021.

1. African Alliance Insurance Plc
2. Niger Insurance Plc
3. Royal Exchange Plc
4. Ekocorp Plc
5. C&I Leasing Plc
6. Mutual Benefits Assurance Plc
7. Coronation Insurance Plc
8. Premier Paints Plc
9. Ardova Plc

In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above-mentioned companies will only be lifted upon the submission of the relevant accounts, provided NGX Regulation Limited (NGX RegCo) is satisfied that the accounts comply with all applicable rules of NGX.

Some of us just dodged a bullet
Good riddance to bad rubbish
Sell in MAY and go away
Una no gree
Now something fishy is going on

FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

The way NSEMPA Analyst and their cronies now check pricelist

PETERiCHY:
If you know what BEST for you
Simply CARRY your KAYA and stay on the SIDELINE till after ELECTION

We can only WITNESS a DEAD CAT bounce from now till Q1 2023

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Elon Musk, Nouriel Roubini and Goldman Sachs Group Inc. have warned of a growing likelihood that the US economy will fall into recession.

Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.

https://www.bloomberg.com/news/articles/2022-06-21/elon-musk-says-us-recession-more-likely-than-not-in-near-term?utm_medium=social&utm_campaign=socialflow-organic&utm_source=facebook&cmpid=socialflow-facebook-tv&utm_content=tv

https://oilprice.com/Energy/Energy-General/Oil-Bears-Burst-Back-Onto-The-Scene.html


Oil prices plunged on Friday morning as fears of a recession outweighed growing geopolitical threats to supply.

Mpeace:
Market is still reacting to the US Fed Rates hike. By monday we should see our market back on track. But on a very serious note, we need to reduce the influence of foreign investors on our markets. It exposes our market to negative effects of foreign actors. If US raises rates, our market reacts negatively, if the reduce rates our market remains where it was rather than react positively.

If you know what BEST for you
Simply CARRY your KAYA and stay on the SIDELINE till after ELECTION

We can only WITNESS a DEAD CAT bounce from now till Q1 2023

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Motivational speakers and their followers rightnow.

PETERiCHY:
Also remember that "SELL n MAY and GO AWAY is a STRATEGY"

BARGAIN HUNTERS TAKE NOTE!

So no more commentary

Meanwhile those that sold in MAY and go AWAY rightnow

Also remember that "SELL n MAY and GO AWAY is a STRATEGY"

BARGAIN HUNTERS TAKE NOTE!

BARGAIN HUNTERS right now

PETERiCHY:
ARDOVA OIL about to take off...

BARGAIN HUNTERS TAKE NOTE!

SOFT reminder for those that missed ARDOVA @ circa #12.
If you miss the ball don't miss the leg

BARGAIN HUNTERS TAKE NOTE

This what happens when you follow MOTIVATIONAL SPEAKERS to invest in NSE

Phlinx:
What if 98 will be the lowest point?

What if 68 will be the lowest point?

SMART TRADERS should patiently wait for TRANSCORP @70k junction.
Know this and know peace.

BARGAIN HUNTERS TAKE NOTE!

ARDOVA OIL about to take off...

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
NSE that will tank from mid Jan 2022 till after election in 2023.

Those that has ears let them hear what the future holds

ThE OcToPuS

Nigerian naira tumbled to N435 against the dollar at the official market on Friday.

This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be another devaluation this year. shocked

In May, the apex devalued the naira from N379 to N411 per dollar by adopting the (I&E) window.

Although Godwin Emefiele, governor of the CBN, had dismissed insinuations about naira devaluation, says Nigeria operates a managed-float exchange regime.

A managed float fx regime is when exchange rates fluctuate daily, but central banks attempt to influence the rate by buying and selling currencies to maintain a specific range.

Checks by TheCable showed that the local currency, which opened trading at an indicative price of N420.67 to a dollar, dropped to N435 at the end of Friday’s trading, according to FMDQ OTC Securities Exchange, a platform that oversees foreign-exchange trading in Nigeria.

The naira was quoted as high as N445.50 per dollar during the intra-day trading.


https://www.thecable.ng/naira-tumbles-to-n435-1-at-official-market-as-cbn-adjusts-forex-rate

BARGAIN HUNTERS TAKE NOTE!

ukay2:
May this predictions come to pass. Amen.

NSE that will tank from mid Jan 2022 till after election in 2023.

Those that has ears let them hear what the future holds

ThE OcToPuS

SHARPEN your CUTLASS for SANTA CLAUS RALLY

Venue = NSE

Date = 23rd & 24th Dec 2021

Time = 9.30am to 12pm

BARGAIN HUNTERS TAKE NOTE!