₦airaland Forum

Tritri:
@BullBearMkt , Did u sale ur fcmb or still holding ? Reason am asking is TA OR FA shows it's bearish.
I seems to be the only one in this fcmb but here is what i think i will average down and just sit...

Better take a chill pill and look for ways to pull your fund if in doubt ask Pa Emma and Dr. Agba that average down their SKYEBANK from N4 down to 50kobo, they will tell you their bitter experience

leparj:
Dang Sugar dividend alert recieved. I woud hit the bar later to fall some bottles. Sometimes, I want to firstly feel the proceeds of my investment entering my system in liquid form before I reinvest the rest or use it for some project.

While some of us has grabbed our TRANSCORP dividend since monday.
No time to look time.

Tritri:
That means u didnt partake in DIVIDEND at all?

Don't mind him, even their chief propagandist is no where to be found like i predicted earlier.

Let them keep deceiving themselves, watch by the time FCMB finally goes under like SKYEBANK which surely happen they will still come here to tell us they sold N1.70k

I only pity their gullible followers

OBAGADAFFI:
Oga, this is Transcorp or your dollar business.

Check the price this morning you will notice FCMB offer has slowed down.

It is currently selling @ N1.12, and i bought it in batches between, N0.90-N1

Oga hope you have seen the difference between khaki and leather?

BullBearMkt:
...but the "15m" offer from the same platform is not a glitch

Ft.com and others platform are there to address the issue.

Well I'm not angry with any bank or coy rather my annoyance is with some old cargos that have been in this game for long but still don't get the drift.

BullBearMkt:
...even with the picture you attached to your post, your anger with the bank did not allow you to see bid of 50,200
Take 'am easy PETERiCHY

And you believe that's not a glitch from MC platform when over 15m offers at waiting @96k

Well I'm not angry with any bank or coy rather I'm just annoyed with some old cargos that have been in this game for long but still don't get the drift.

PETERiCHY:
This month end will usher in the SELL IN MAY AND GO AWAY BEAR.

If you ain't trading with your LONG-TERM SPARE FUND better run as far as your legs can carry you from NSE.

Like i said earlier in the year MONEY MARKET, USD & GOLD are SURE BET for this 2017 being the year of the year of the ECLIPSE while 2018 will usher in a NEW DAWN.

*ThE OcToPuS*

FCMB
OFFER=16million
BID=ZERO.

No more TA & SA.the reality is done on us so everywhere is now as quiet as graveyard.

Honestly if I'm LOCO at that AGM meeting I will make sure i aim LADI's head with a broken bottle atleast that might serve as deterrent from playing with shareholders funds. Imagine paying 10kobo dividend and indirectly taking 50kobo from the same shareholders.

When the frustrated shareholders end up selling they will now use their MM to bid it up again and the circle goes on and on.

NSE is the biggest fraud of all time

*ThE OcToPuS*

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*

Made the above statement in 1st week of February when FCMB was still trading above #1:30k.

Who doesn't know Wale and Ladi are high-end crooks and birds of same feather.

FCMB now on full offer @96kobo and they've left their stubborn investors in penury.

PETERiCHY:
This month end will usher in the SELL IN MAY AND GO AWAY BEAR.

If you ain't trading with your LONG-TERM SPARE FUND better run as far as your legs can carry you from NSE.

Like i said earlier in the year MONEY MARKET, USD & GOLD are SURE BET for this 2017 being the year of the year of the ECLIPSE while 2018 will usher in a NEW DAWN.

*ThE OcToPuS*

The latest round of results announced by Nigerian banks highlights capital weakness in the sector, with some mid-sized and small banks particularly vulnerable to deteriorating asset quality, Fitch Ratings says.

Headline capital adequacy ratios (CARs) are under severe pressure from inflated foreign-currency risk-weighted assets following last year's devaluation of the naira and increasing impaired loans as the economy struggles with lower oil prices.

Several banks are not provisioning fully for their impaired loans, meaning that their underlying capital position is weaker than indicated by their CARs. Full provisioning would leave some banks close to the minimum regulatory requirement.

We have analysed the sensitivity of selected banks' CARs to 50% and 100% rises in their end-2016 impaired loans, assuming full provisioning. While most of the larger banks would still meet regulatory capital requirements, several others would fall short in one or both of the stresses.


[Fitch: Nigerian Bank Results Put Spotlight on Capital Weakness | Reuters] http://mobile.reuters.com/article/idUSFit997310

This month end will usher in the SELL IN MAY AND GO AWAY BEAR.

If you ain't trading with your LONG-TERM SPARE FUND better run as far as your legs can carry you from NSE.

Like i said earlier in the year MONEY MARKET, USD & GOLD are SURE BET for this 2017 being the year of the year of the ECLIPSE while 2018 will usher in a NEW DAWN.

*ThE OcToPuS*

wongwe:
please I need help.... who is familiar with sending money abroad? via westernunion.... please how much do they charge on equivalent of a dollar to naira

https://abokifx.com/

If you are well versed after robbing palms some banks might help you do westernUnion or MoneyGram transfer @ the rate N355 plus Bank commission of about N20k per transaction

NOTE: it is maximum of $830 transfer per quarter while on the other hand Emeliefe is telling us that Banks are awashed with dollars.

USD now N400.
Budget passage and September is not far-fetched those that has ears let them hear.

locodemy:
I will cash out 2.1 m naira dividend on tuesday next week(purely awuf) and i will wait for fcmb @2.00-2.50 before bailing.All these will happen within 18months from now.
Pls dont feel for me o rather feel for yourself.my investment @ fcmb is never a gambling but pure investment that will be putting dividends in my pocket every financial year.

Stop deceiving yourself with 2.1m dividend.

Tell us the percentage of your loss position or do want to tell us cumulatively you aren't in a lost position with your fcmb ?

Well it's same way i warned Dumebi when OANDO was trading still @N18.

Don't worry after May sell-off come June you will see what will be left of your Fcmb.

Slow and steady wins the race. The doors of Treasury bills is still open with all time high 23% True yield.

A word is a enough for the wise.

locodemy:
Transcorp will be stable @79kobo while Diamond will go@81kobo.Bookmark this for future reference.

Stock Market is a gambling market where put your spare fund and watch things unfold.

Rather out of greed you decide to use your basic fund.

That's why price movement dictates your temperament which is not good for your health.

The average cost of all the Fcmb accumulated since 7mth ago should be around #1:20k which now puts you at a loss of over 20% if you are truthful with yourself.

Had it been your took my advice and invest in Treasury bills by now your maturity date will be drawing nearer.

Well there's still time to run with your losses and switch to money market because like i said earlier this year will be terrible for Stock Market.

*ThE OcToPuS*

,

duni04:
I hope you've seen your Transcorp q1. Enjoy the ride to N6
FYI fidelity hasn't traded this low in years. Even the N1 valuation you're giving it (still under valued at this price) has a 20% upside at current price.

Did you open the link at all

duni04:
When Fidelity is staring you right in the face at 0.83k. Some people are just........

Since 2009 till date fidelity has been trading at an average of N1:00k.
It's an igbo man bank and conservativeness is in our blood.

So better watch out for a company been managed by a Yoruba man or Delta man to pull such strings.

locodemy:
The good news you are seeing in Transcorp today,is it not because USD is down to NAIRA.If 1USD sells for #600,what will be your gain in Transcorp?Maybe you want it back to 70kobo again.

I am even thinking you too are drunk this evening.what a post?

The problem with you is the same problem with FG.

Which is lack of diversification. FG put all their hope in OIL while you put all yours in FCMB which is not good for your health.

Try and balance your balance portfolio via diversification.

Person wey know one road no sabi road.

BullBearMkt:
DeRuggedProf, there is no worries on this... Daily & Weekly, which is long term, are fine... I don't know where the issue is?

I was following duni04 post, where he called Transcorp junk...

In May 2012 I bought my very 1st batch of Transcorp @53kobo and bought my 2nd batch in April 2013 @#3:80 same year i disposed everything @#4:50K it later traded above N7.10k and dropped to 66kobo this March before building this current support and history is about to repeat itself.

DeRuggedProf:
You are a Dedicated Grave Robber....

You bought this stock around N0.80K and you are still holding and looking towards putting Emefiele in a tight corner in order to buy more..

This one pass blood money....

So don't you know that Emeliefe is simply playing with people's intelligence.

My int'l passport was due for renewal last month and some of the requirements is to make an online payment of $106 through the Nigeria Immigration Website and another cash payment of $50 to the Nigeria Embassy here in Abu-dhabi.

Non of my Naira cards could pull the transaction till i had to use my dollar mastercard while on the hand CBN is claiming that our banks are awash with dollar.

Awash with dollar indeed.

Go and mark it by the time all this there hide and policies will boomerang people will be pleading for USD @#600.

BullBearMkt:
You call a stock that gives over 45% appreciation within 1 week "JUNK"? I will be more than interested to get more when it completes its pullback...

I'm really wanted to buy more but exchange rate @#400 per USD is not encouraging at all.

PharmAlfred:
Chief Loco, pls what prospect does FCMB hold? Do you think their q1 result will be fine? I see mixed feeling about the stock @ play. I think that's the kind of Stock to buy, cos by the time they surprise the market with a good result, the hyper bids usually do not have part 2

Why are you looking for the LiViNG among the DEAD?

"Behold CHRIST iS RISEN"

PharmAlfred:
The people buying transcorp now are not kid investors. They are mopping up every available offer at any price. Something is definitely happening there.

We are impressed with what government is doing presently.
“We hope that the fund they just approved would help to improve our liquidity. The foreign exchange policy of the government now is very good, and it is even helping us already because we are able to meet our foreign exchange obligations.

The future is looking bright. Our shareholders this year will go home smiling,” Elumelu added.

Reviewing it 2016 performance, he said despite the top line growth of 46 per cent to N59.43 billion, the forex losses of N18.48 billion for Transcorp Power in respect of its dollar acquisition finance facility affected the bottom line.

According to him, the group realised loss before tax of -N1.13 billion against N2.03 billion profit in 2015, due to the forex losses, but he assured of prospect of paying dividend to the shareholders within the 2017/2018 financial year.

https://t.guardian.ng/business-services/money/transcorp-plc-assures-shareholders-of-optimal-returns-improved-profitability/


By this time next year TRANSCORP will be trading above N6:00.

That being said if you don't have a spare fund please "STAY AWAY" entirely from the STOCK MARKET.

*ThE OcToPuS*

78 bank directors get N10.34bn dividend in 2016


*Zenith, Access, UBA account for 64% of dividend
*Ovia, Wigwe, Elumelu get 89.5%



AT the backdrop of the recession the nation’s economy slipped into last year alongside inflationary pressures, corporate results from the banking sector so far released indicate significant increases in fortune for the investors.


Jim Ovia, Tony Elumelu & Herbert Wigwe
While the general shareholders of the first batch of seven banks announcing results so far received a total dividend income of N162 billion, indicating a rise by 13 per cent against N143.3billion in 2015, directors of the banks numbering 78 recorded 20.5 per cent rise in their dividend income at N10.34 billion as against N8.58 billion in 2015.

The banks are Zenith International Bank Plc, Fidelity Bank Plc, Access Bank Plc, United Bank for Africa, UBA Plc, FCMB Group Plc, Stanbic IBTC Holdings Plc and Guaranty Trust Bank Plc.

Financial Vanguard analysis revealed that three of the banks, namely, Zenith Bank, Access Bank and UBA accounted for 64 per cent of the total dividend declared by the seven banks, while their directors smiled home with N9.42 billion.

Top 10 directors by dividend received

Analysis of the top 10 dividend earning directors in 2016 showed that Jim Ovia, the chairman of Zenith Bank earned the highest dividend of N5.95 billion followed by Herbert Wigwe, the Group Managing Director/Chief Executive Officer of Access Bank Plc who earned N1.75 billion.

Tony Elumelu, UBA chairman, was the third highest dividend earning director with N1.55 billion, followed by Olusegun Agbaje, Managing Director/CEO of GTB and Adaora Umeoji, the Deputy Managing Director of Zenith with N662.56 million and N63.87 million dividend respectively.

http://www.vanguardngr.com/2017/04/78-bank-directors-get-n10-34bn-dividend-2016/

Monkey dey work Baboon dey chop though one of my sister name appear for people wey follow chop zenith dividend big time

locodemy:
It's good as it is coming your way positively.This shows your portfolio has been in red all these while you are confusing yourself not us @ USD,EURO,TBILL.
If it is FCMB that is looking attractive as your Transcorp is doing now,your face would have been like the picture of this angry man below.
I am happy for you.pls try to be happy when others are making money if not you will be getting exactly same thing you wish your fellow being.

MONEY MARKET e.i Treasury bills & Bonds are risk-free assets while EQUITY MARKET e.i Stocks is a highly risky assets.

80% of my fund is in FX, 18% in TB while only 2% is left in NSE So don't get it twisted.

Like DANGFLOUR like TRANSCORP.

History is repeating itself, we are going to witness the 2012/2013 trends again in 2017/2018 session.

By this time next year after dividend payment we will comfortably sit @N6 SUPPORT Level singing HALLELUJAH!!!

Those that has ears let them hear what the future holds!

*ThE OcToPuS*

Flowing from a recent Central Bank of Nigeria (CBN) stress tests on banks operating in the country, seven deposit money banks are said to be operating below the statutory capital adequacy ratio (CAR), pegged as high as 15 per cent of a bank’s capital.

Although there is no official confirmation from the apex bank, which constantly reassures the banking public on the health of Nigerian banks, but authoritative sources in the regulatory bank, told The Guardian that “stress test is a routine operation of the CBN, and once we discover anything untoward, we take adequate measures to check it.”

CAR is the ratio of a bank’s capital to its risk, which the CBN uses to determine a bank’s capacity to absorb a reasonable amount of loss, as a means of protecting the depositors and promoting stability and efficiency in the financial systems.


Already, some banks are issuing statements to reassure their customers on their capital adequacies, thus fueling anxiety over those who fall short. The Nigerian Deposit Insurance Corporation (NDIC), once explained that Nigerian banks CAR needed to be as high as it is compared to other climes because of its peculiar economic realities, to enable it withstand sudden environmental shocks.
As it is, the option of approaching the capital market may not help the affected banks to shore up their capital base, because of the prevailing illiquidity situation in the equities market, a development that makes investors to shun even high yield financial stocks.

But when contacted some of the bank’s deferred to comment on the issue till today, while others like Diamond Bank, confidently declared that its CAR is above 16.5 per cent, saying that its soon to be released audited accounts for 2016 and even first quarter 2017 are proof of its good standing.

Diamond Bank told The Guardian on the telephone, “Yes, every bank needs funds but we don’t need to approach the capital market because we have enough capital adequacy to drive our operations. Our bank is retail focused and we have a lot of liquidity to drive it.”

Union Bank, which neither denied nor confirmed its CAR inadequacy, admitted that it planned “to raise N50 billion capital later this year,” as already indicated in its full year 2016 report, and a statement earlier issued in that regard.


https://t.guardian.ng/business-services/banks-capital-adequacy-fall-below-minimum-requirement/

http://tribuneonlineng.com/dollars-dollars-everywhere/


“Big Ghana-Must-Go bags were streaming into a big man’s mansion in Lagos. They regularly go in there. When they go in, they don’t come out. A concerned associate wondered what the big man would say if videos of these cash-filled bags found their way onto television screens. His instant response was that the bags contained just laundry…And everyone laughed and respected more the leader and his brain.”

“Brilliant man…he used the right word ‘laundry.’ Did you note the tinge of sarcasm there? Is the story true? We can work on it.”

“I won’t confirm that for you. Are you now a whistle-blower? I can’t confirm anything. Nothing at all but it is the usual truth you pick in political jokes…There is another story. A reporter who witnessed it won’t stop regaling me with its lurid details. You remember the strongman of Ibadan politics? His home used to be the preferred choice of politicians with careless cash and burning ambitions. A retired General wanted to be governor of Oyo State. The man went there with N50 million cash to buy the kingmaker and the throne. You know what happened?”

“What?”

“The old fox set to work immediately: ‘Give this to this; that to that and these bales to those up there. This is for the boys. The last one million, drop it there for tomorrow’s amala and gbegiri.’ He distributed the money – that moment – to the last kobo in the presence of the General. Then the old man looked at his guest, smiled and suggested that he had not yet brought his own gift…”

“Wow! Fifty million naira, just like that?! So, what did the man do?”

“The General ran away. He was sensible early enough to know he won’t satisfy that basket pouring his water into it. He would be ruined. He ran. You cannot be a serious candidate with peanuts. Even council chairmanship, you can’t buy with miserable money. That is not the kind of money real politicians spend. They need billions in local and foreign currencies to get power. They need even greater sums to keep the power. Money is the spirit that guards the throne, and, day and night, it must not sleep too far from them. The reason they build chests at home and on the farm.”

“I know they rarely use banks to settle political bills. And they plan ahead. Money to be spent in 2019 must be breathing in some underground detention centres by now. Real money that breathes and thumps its nose at poverty. Where these people get the liver to look at the mountains of raw cash and still sleep, I don’t know.”

“Cash pyramids in every home! We used to speak of cocoa and groundnut pyramids.”

“Cocoa and groundnuts? Do people still cultivate those ones? How much would they fetch you when you can wake up in Abuja or Lagos, drive round some godfathers’ homes to do rankadede and make millions daily. The millions are there if only you will wake up and move.”

“Move where? Now, listen. These big men you worship, has it ever crossed your mind that they have used you for money ritual?”

“God forbid. That won’t be my portion. Why would you drive a discourse with a curse? Abeg. Too early for that please.”

“It is not too early for me to wake you up. Wake up. You are a plate of sacrifice on the altar of some alien gods.”

“Gods or gourds of money? But why this sermon today?”

“This country is greatly blessed. Did you not see the heaps of dollars in that Lagos flat? Even Bill Gates would be jealous.”

“And you are this wretched? Your small gods in Lagos and Abuja have bigger vaults. You don’t think so?”

“Don’t look at those places. Look at the tall Ikoyi building, the huge safes and the tear-rubber dollars. Oh my God!”

“The Towers. Twenty luxury flats of four bedrooms, two palace pent house flats, all exquisitely finished with Italian fittings. Big building built by big man for big boys… Boys buy flats, you know. Big men build…”

“And big women…”

“Yes, women…and big girls. What was the purchase price per flat? Can you guess?”

“Guess? It must be as horrendous as the reputation the building now has.”

“Someone put it at around $1 million.”

“Wow! That should be about N400 million. Just a flat. And big girls are there. Shows women have arrived. What a man can buy, a woman can get too. Women are no longer just ornamental beds and treadmills to keep men fit. They have become owners of minting factories, no man mounts them again.”

“But some people are rich. You would think only Trump built towers. I used to think that that Lagos tower and others were government-owned. So, a former governor built it. Now I know there is a difference between governments and governors. Government may be broke; some governors are forever rich.”

“Yes. Very rich. But buying flats or building single towers is still chicken change. Some guys are building rows of towers on the high seas, in the middle of the Atlantic as we speak, remember?”

“I know. But it is only their bucks we see. Where are their shops?”

“Nigeria. Nigeria is their shop. They stopped working years ago, in their thirties and their children don’t have to work at all. The country works for them, day and night. Is that okay by you? They own everything – land, water and sky. Even when you die, your corpse will pay into their golden vaults if you want to sleep in peace.”

“And Forbes hasn’t remembered to rank such people. It is not fair. Not fair at all.”

“You saw those bales of dollars. The aroma alone could intoxicate…”

“Or suffocate…But do you sincerely want such money?”

“Why not? Cool millions in dollars, even if in Naira. Why not?”

“Oh, come on, you don’t need what you cannot own publicly. You don’t have to be a problem for your children, your generation.”

“But your poverty, isn’t it enough problem for your children and their children’s children to wonder and ask what their patriarch was doing when the elephant was being shared? Some are taking the legs, some the head, the liver and the heart. The meat is finished, bros! What is yours in this matter? You can’t pay school fees, can’t pay rent. You can’t be a husband to your wife, father to your children. You are already a problem? Wake up bros, pray and strive that your own won’t be in vain.”

“You scare me. I don’t want that kind of wealth. It is blood money. And when you commit yourself to a life of desperation as this, there is no redeeming chance. It is like a babalawo who makes daily bank savings. His troubled clients are in greater trouble. His lot is to prescribe daily doses of cash and goats for his gods of greed. The clients’ lot is to sweat and service his savings, daily…”

“Is that not what you and I do for the big men who run our affairs? With the commonwealth, they are doing daily contributions, the Yoruba call it ajo ojumo. They do it in government houses. They do it in parliament buildings. They do it in palaces and power sanatoriums. Imagine! It is scandalous but what can we do? They are in government. They are in power. And we know it.”

“But seriously, what is in this for all of us?”

“You are dumb! There is no one bearing ‘All of us’. That person died a long time ago. He does not exist in Nigeria again. What exists are power and powerful people. People who grow dollars and Sterling and Naira in their home gardens. People who build towers and stuff them with unearned, unspendable dollars. A special breed with special taste.”

mercylicious234:
Now u get d drift.
Max of 1 year and ppl will start smiling.

Let me even check the price list n see what oando is doing.

The real drift is FO is PDP while OANDO is APC and the era of PDP is gone.

*ThE OcToPuS*

PETERiCHY:
Well for now the only BLOOD MONEY I'm seeing here TRANSCORP @80kobo

*ThE OcToPuS*

https://www.businessdayonline.com/update-1-world-bank-lists-conditions-release-1bn-funding-nigerias-power-sector/

Nigeria would need to enforce corporate governance from power sector operators, make a definite policy statement on tariff, see to market discipline and develop a coherent strategy to resolve militancy, to secure the $1 billion funding it seeks for the power sector from the World Bank.

These conditions, among others, form the basis of the action plan developed by the Federal Ministry of Power, Works and Housing (FMoPWH) in the Power Sector Recovery Implementation Programme (PSRIP) recently approved by the Federal Government, seen by BusinessDay.

In an earlier report, BusinessDay stated that the Federal Government plans to raise $7.6 billion through the sale of NIPPs ($2.1 billion), World Bank ($1 billion) and AfDB ($1 billion) loans.

The Federal Government would also make budgetary allocations for $3.5 billion within five years, to pay its share in the cost required to fix power.

The World Bank Group says the boards of the Nigerian Bulk Electricity Trader (NBET), Transmission Commission of Nigeria (TCN), Nigeria Electricity Liability Management Company (NELMCO), Niger Delta Power Holding Company Limited (NDPHC), Rural Electrification Agency (REA) and Bureau of Public Enterprises (BPE) must be appointed.

They also demand the appointment of BPE professional directors on electricity distribution companies (DisCo) boards.

On tariffs, the lenders demand that the Federal Ministry of Power issue a policy statement on cost-reflective tariff, or subsidy path endorsed by the Federal Ministry of Finance, (FMoF).

They are also calling on the government to update Multi-Year Tariff Order (MYTO) methodology and make it consistent with policy, as well as carry out a review, in line with the MYTO review schedule.

Other conditions listed, are that the budget contain provision for approved MDA debts, put in place institutional arrangements for oversight, implementation and monitoring of the PSRIP, implement approved actions to reduce gas pipeline vandalism and communicate strategy appropriately.

Others are the conduct of legal review of sector contracts including Performance Agreements, Vesting Contracts and PPAs, to facilitate hitch-free contract activation, review by BPE/NERC of Disco investment/performance improvement plans, as well as the timing of projects in preparation, and issuance of policy for competitive procurement.

The World Bank funding would be applied in support of loss reduction, procurement of meters, rural electrification initiatives, financing programmes for TCN priority programmes, solar projects and investments in electricity generation.

According to the PSRIP, the government has commenced action on some of these conditions, after developing an action plan with clearly defined roles and responsibilities, action items and target dates for delivery for operators, regulators, government ministries, departments and agencies and the Office of the Vice President.

The Federal Government is carrying out a financial analysis of DisCos and GenCos, working on DisCo recapitalisation plan, verifying MDA’s debts and quantifying potential private sector investments.

The FG is also developing and implementing measures to enforce market discipline, mapping out infrastructure gap analysis among operators across the value chain, legal review of market contracts and privatisation agreements, developing a standard template for reporting and monitoring MDA PSRIP tasks and creating a communications strategy.

The action plan seen by BusinessDay, runs from March 22 to July 31, 2017 and ongoing activities indicate that the FMoPWH is trying to tackle the core issues while working on the quick wins.

“Gas production has increased 30% since the VP’s visit to the region in November 2016. The VP’s visit was the first of the FGN’s five-pronged strategy of active engagement in the Niger Delta to curb gas pipeline vandalism,” says the PSRIP.

Tritri:
FXUSER, locodemy , DeRuggedProf , Answer to this needed pls.

Abeg make una leave LOCO he has learnt his lesson

PETERiCHY:
For those that don't know trends, Naira gained sudden strength due to
1) MANIPULATION 2) PARIS CLUB REFUND

Wait let FG pass and release BUDGET fund then watch the looting and conversion into FOREX resume which will put serious pressure on NAIRA.

Then September during SCHOOL FEES period come and see the mother of all scarcity which will peak USD @bove #600.

Those that has ears let them hear.

*ThE OcToPuS*

USD now N420.
The journey to N650 has just begin. Catch us if you can.

*ThE OcToPuS*