₦airaland Forum

"WORDS ON MARBLE"


In all my years in Dubai it never rain more than 3times per annum but it has been pouring since the beginning of this month on daily basis.

Some will term it climate change while others will claim its technology.

Well all I have to say is as we are securing our STOCKS, BONDS, DERIVATIVES, TREASURY BILL, FOREX, PROPERTIES and other earthly treasures we shouldn't forget to secure the most important ONE which happens to be our "SOUL"

*ThE OcToPuS*

DeRuggedProf:
I need PETERICHY'S opinion too.

Like I said earlier personally I stop hoarding USD when it initially crossed N480 since I earn it on monthly basis after all this was a stuff we sent @ the rate of N165 less than 3yrs ago.

That been said this kneel jerk approach will boomerang and send USD above N600 if their no total float.

*ThE OcToPuS*

LOCO breaks the rule of stock trading by not using his spare cash that's why his blood pressure always rise whenever you go against his portfolio.

There is more to life than STOCK TRADING.

*ThE OcToPuS*

The Naira plunged to N520 against the U.S. dollar at the parallel market on Monday, after the CBN announced its readiness to sell dollar at N375 for school fees payment and personal travel allowance on Friday.

The Naira which had closed at N516 to a dollar on Friday, following a record low of N510 on Thursday remained weak despite the rising oil prices and national foreign reserves.

A Reuters report, attributed the fall in Naira value to retail currency trader’s reservation on the new forex policy as they tried to price in its possible impact on the market current rate and commercial banks approach to the announced policy.


http://investorsking.com/naira-depreciates-to-n520-against-u-s-dollar-as-retailers-examine-cbn-action/

OBAGADAFFI:
Question ?

If i sell my FCMB at anytime, will my broker refuse to pay me?

If FCMB declare dividend, will the registers refuse to pay me?

The reason only you are shouting TB is because you collect your AWOF interest immediately the investment starts.

Don't worry by tomorrow the news would have traveled far and wide so let see who in his or her right senses will buy your FCMB


You forget to add my PRINCIPAL is as well 101% safe with FG in this current turbulent
economic era.

OBAGADAFFI:
Duh,

At the price i entered FCMB, i will still make profits selling @ N1.05

This is not Transcorp

Your case is like that of a friend I adviced to invest in Treasury bill but out of greediness he opted for MMM.

By and large 3wks after the freeze he said his MAVRO has really grown, that by the time the freeze is lifted he will use the proceed to completed his roofing project. We all know the end of the story.

In orderwords for now your money in FCMB is in a MAVRO state,

let's talk by the time you are able to get it back.

afo7219:
Where is Locodemi?

He has gone the way of his predecessors, probably changed moniker

OBAGADAFFI:
You are not making sense here.

Whats the bad new with these management change?

Well all I have to say is "If you can get a buyer sell your holdings now and thank me later. PERIOD!

ihedioramma:
As locodemy enter and see the news he just go out and press FCMB sell @1.27 . That is why i told him i can't sell FBNH to buy FCMB . now were is tritri&co? befor they will get the news FCMB will be below #1.10 .

FCMB heading to basement 3 carpark and it will stay there for a long while.

This was exactly what Akinsola Akinfemiwa, former SKYEBANK MD did with his holdings before quitting the big stage,

In the same vein LADI BALOGUN used his market markers pump the shares price and bailed out most of his holdings between N1:30 and N1:40.

Now the gullible investors are left with the empty CAN.

Fair value is 50kobo after RECONSTRUCTION.

*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*

http://nse.com.ng/Financial_NewsDocs/16473_FCMB_GROUP_LEADERSHIP_CHANGES_CORPORATE_ACTIONS_FEBRUARY_2017.pdf

Out of our church mind we warned that the house (FCMB) is about to collapse.

Rather they choose to listen to the chief propagandist in the house.

Now he's nowhere to be found

*ThE OcToPuS*

FOOD 4 THOUGHT.

http://www.besthealthmag.ca/best-eats/nutrition/15-health-benefits-of-eating-apples/

What makes apples so great?

In 2004, USDA scientists investigated over 100 foods to measure their antioxidant concentration per serving size. Two apples’Red Delicious and Granny Smith’ranked 12th and 13th respectively. Antioxidants are disease-fighting compounds. Scientists believe these compounds help prevent and repair oxidation damage that happens during normal cell activity. Apples are also full of a fibre called pectin – a medium-sized apple contains about 4 grams of fibre. Pectin is classed as a soluble, fermentable and viscous fibre, a combination that gives it a huge list of health benefits.

1. Get whiter, healthier teeth

An apple won’t replace your toothbrush, but biting and chewing an apple stimulates the production of saliva in your mouth, reducing tooth decay by lowering the levels of bacteria.

2. Avoid Alzheimer’s

A new study performed on mice shows that drinking apple juice could keep Alzheimer’s away and fight the effects of aging on the brain. Mice in the study that were fed an apple-enhanced diet showed higher levels of the neurotransmitter acetylcholine and did better in maze tests than those on a regular diet.

3. Protect against Parkinson’s

Research has shown that people who eat fruits and other high-fibre foods gain a certain amount of protection against Parkinson’s, a disease characterized by a breakdown of the brain’s dopamine-producing nerve cells. Scientists have linked this to the free radical-fighting power of the antioxidants contained therein.

4. Curb all sorts of cancers

Scientists from the American Association for Cancer Research, among others, agree that the consumption of flavonol-rich apples could help reduce your risk of developing pancreatic cancer by up to 23 per cent. Researchers at Cornell University have identified several compounds – triterpenoids – in apple peel that have potent anti-growth activities against cancer cells in the liver, colon and breast. Their earlier research found that extracts from whole apples can reduce the number and size of mammary tumours in rats. Meanwhile, the National Cancer Institute in the U.S. has recommended a high fibre intake to reduce the risk of colorectal cancer.

5. Decrease your risk of diabetes

Women who eat at least one apple a day are 28 percent less likely to develop type 2 diabetes than those who don’t eat apples. Apples are loaded with soluble fibre, the key to blunting blood sugar swings.

6. Reduce cholesterol

The soluble fibre found in apples binds with fats in the intestine, which translates into lower cholesterol levels and a healthier you.

7. Get a healthier heart

An extensive body of research has linked high soluble fibre intake with a slower buildup of cholesterol-rich plaque in your arteries. The phenolic compound found in apple skins also prevents the cholesterol that gets into your system from solidifying on your artery walls. When plaque builds inside your arteries, it reduces blood flow to your heart, leading to coronary artery disease.

8. Prevent gallstones

Gallstones form when there’s too much cholesterol in your bile for it to remain as a liquid, so it solidifies. They are particularly prevalent in the obese. To prevent gallstones, doctors recommend a diet high in fibre to help you control your weight and cholesterol levels.

9. Beat diarrhea and constipation

Whether you can’t go to the bathroom or you just can’t stop, fibre found in apples can help. Fibre can either pull water out of your colon to keep things moving along when you’re backed up, or absorb excess water from your stool to slow your bowels down.

10. Neutralize irritable bowel syndrome

Irritable bowel syndrome is characterized by constipation, diarrhea, and abdominal pain and bloating. To control these symptoms doctors recommend staying away from dairy and fatty foods while including a high intake of fibre in your diet.

11. Avert hemorrhoids

Hemorrhoids are a swollen vein in the anal canal and while not life threatening, these veins can be very painful. They are caused by too much pressure in the pelvic and rectal areas. Part and parcel with controlling constipation, fibre can prevent you from straining too much when going to the bathroom and thereby help alleviate hemorrhoids.

12. Control your weight

Many health problems are associated with being overweight, among them heart disease, stroke, high blood pressure, type 2 diabetes and sleep apnea. To manage your weight and improve your overall health, doctors recommend a diet rich in fibre. Foods high in fibre will fill you up without costing you too many calories.

13. Detoxify your liver

We’re constantly consuming toxins, whether it is from drinks or food, and your liver is responsible for clearing these toxins out of your body. Many doctors are skeptical of fad detox diets, saying they have the potential to do more harm than good. Luckily, one of the best – and easiest – things you can eat to help detoxify your liver is fruits – like apples.

14. Boost your immune system

Red apples contain an antioxidant called quercetin. Recent studies have found that quercetin can help boost and fortify your immune system, especially when you’re stressed out.

15. Prevent cataracts

Though past studies have been divided on the issue, recent long-term studies suggest that people who have a diet rich in fruits that contain antioxidants – like apples – are 10 to 15 percent less likely to develop cataracts.

May God forgive me for not initially supporting PMB.

Imagine 10000USD will comfortable fetch you cool N5m plus small change on top and somebody want me to believe that BUHARI is not the best thing after sliced bread

I pray may almighty God give him long life to finish his 2 terms in good health. (Sai-Buhari)

After 5weeks fierce battle USD has finally broke the N500 resistance level N600 here we come Sai-Buhari.

For newbies in FCMB better run for your dear lives bcuz the house is about to collapse.

Those without spare cash should stay entirely away from NSE, like i said earlier 2017 is the year of the ECLIPSE and thank GOD we are already seeing the sign.

Likewise as i predicted last december "CAPITAL PRESERVATION is KEY in 2017 while 2018 is the GAME do not be deceived by those those who buy stocks with their mouth or brother's money.

Betterstill a
MOUTH-WATERING guaranteed offer of 22.5% per annum interest awaits you at the TREASURY BILL MARKET.

"LiFE is a JOURNEY, Its Slow and Steady that wins the RACE"

Thank me later.

*ThE OcToPuS*

veecovee:
from what i'm noticing from fcmb price movement and its resistance to bear these days,... it seems that some big shops have interest in this stock. I believe that some interesting things are going to happen in this stock very soon. So i wouldn't want to sell this stock for now, rather i would want to take their dividend and wait for their 1st quarter result. Pls, someone guilde me on how to go about their online dividend process. Thks

That was exactly the same believe those in FO were having few weeks ago,

Out of our church mind we warned them they resisted and shouted at us, now they know better.

Disobey *ThE OcToPuS* Serpent will bite.

*ThE OcToPuS*

fxuser:
PZ
- breaks N12


FCMB
- opens at 1.30 again !
-

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*

locodemy:
And transcorp is the best to buy?

Personally I have made a hellish profit from TRANSCORP which I dont think i ever made on any other stock in NSE and may God bless Tony Elumelu real good for that.

I bought my ever first batch @53kobo in May 2012 via my stockbrokers advice and and my 2nd batch @N3:80k in April 2014 I sold all N4.50k same year before it later traded above N7.

So recouping it @80kobo is a good buy for me. PERIOD!

ihedioramma:
IF TB is the best why not invest the profit back ?

You don't put all your eggs in one basket.

OBAGADAFFI:
Cool down Peter, TB isn't new to most of us here.

But this thread is exclusively for stock market information and alert.

Yes TB isn't new but the YIELDS has never been this HIGH, that's been in the right place at the right time.

Above all there's a CHRONIC RECCESSION so chances of people losing their FUNDS in the nigeria business terrain are VERY HIGH.

Mascotlawman:
Please Peterichy how can I reach u for more guide on TBS. Please very important.

https://www.nairaland.com/878880/treasury-bills-nigeria/255

Follow the above thread to get all the full gist about TREASURY BILLS.

TB is where you put your money you be sleeping and smiling unlike NSE where you will be thinking of the companies that will collapse and the ones that will survive

OBAGADAFFI:
Capital preservation seems to be the best strategy for this market.

Sell when when the price gets to its peak and buy when it goes down.

So it's now that you know that CAPITAL PRESERVATION is key

When i was screaming that this year will mark the worst NSE calender year you thought it was a joke.

Well some of us has invested all our Naira in TBS since Dec.

We only come to NSE to gamble with part of the whooping 22.9% upfront interest we got

*ThE OcToPuS*

The Central Bank of Nigeria has said it will penalise Deposit Money Banks that have liquidity challenges by way of temporary suspension from its lending window.

In a circular issued on Wednesday, the apex bank announced a change in its rules of engagement with the banks, spelling out new rules regarding how financial institutions could borrow cash from fellow banks or the CBN to cover their temporary shortfalls or meet their obligations.

The regulator declared that any commercial bank that failed to comply with the new directives would be suspended from its window for eight weeks.

The circular, dated February 1, 2017, with reference number, FMD/DIR/GEN/CIR/08/001, was signed by the Director, Financial Market, CBN, Mr. Alvan Ikoku.

http://punchng.com/cbn-penalise-banks-cash-problems/

PETERiCHY:
Hmmmm same SKYEBANK same FCMB same MUSHROOM BANKS same MMM.

One day they will end up selling the banks.

TAKE NOTE discerning investors and don't say you were not STRICTLY WARNED.

*ThE OcToPuS*

Banks scramble for fresh capital as naira weakens further - Punch Newspapers
http://punchng.com/banks-scramble-fresh-capital-naira-weakens/

Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy, OYETUNJI ABIOYE writes

Palpable fear has gripped the chief executives of many large-tier and mid-tier Deposit Money Banks as an imminent fall in the naira exchange rate throws up a need for additional capital raising.

Checks by our correspondent show that the Capital Adequacy Ratio of a number of the country’s mid-tier and weak large-tier banks is currently at the threshold stipulated by the Central Bank of Nigeria.

This means that in the absence of additional capital raising, a slight depletion in capital will make a number of the banks to fall below the minimum CAR prescribed by the CBN.

Aside from mounting non-performing loans among the country’s lenders, findings by our correspondent showed that a possible fall in the official exchange rate of the naira would make at least five of the banks to fall below the 16 per cent minimum CAR stipulated by the apex bank.

“THE SITUATION IS A BIT TERRIBLE NOW.

Aside from the NPLs that are rising among a number of banks, any fall in the naira-dollar official rate will put many banks in trouble as far as the CBN’s CAR is concerned.

This is because many of us are already at the threshold. A slight fall in the value of the naira means not less than five banks will sink below the CBN’s CAR,” an executive director in one of the leading banks told our correspondent on Sunday on the condition of anonymity, because he was not officially authorised to speak on the matter.

feelamong:
Access bank recently raised N35B funds via CPs ....

They actually matched the 18% discounted rate as is being offered by FGN in the treasury bills in this offer

did anyone say they were desperate?

http://www.financialwatchngr.com/2017/01/09/access-bank-boosts-liquidity-n35bn-commercial-paper/

Now tell me all the money ACCESS BANK has raised coupled with the billions of dollars FCMB partner in crime OANDO has also raised what is their achievements aside putting their shareholders in penury.

feelamong:
To raise funds now na crime??

@17.25% interest in this longterm reccession and low oil price and high inflation era.

Now tell me which business will they do to cover it

fxuser:
Nigerian mid-tier lender FCMB has sold 5.1 billion naira ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent,
http://af.reuters.com/article/nigeriaNews/idAFL5N1FO3LO

#banks #news #debt

Hmmmm same SKYEBANK same FCMB same MUSHROOM BANKS same MMM.

One day they will end up selling the banks.

TAKE NOTE discerning investors and don't say you were not STRICTLY WARNED.

*ThE OcToPuS*

DeRuggedProf:
Hope Peterichy is reading this....

[UAE confirms no income tax yet, but 5% VAT is coming - Emirates 24|7]

http://www.emirates247.com/business/uae-confirms-no-income-tax-yet-but-5-vat-is-coming-2016-02-25-1.622208

Yes it's been in the pipeline all this while probably a 5% tax on some certain (LUXURY) goods and definitely not an INCOME TAX

ihedioramma:
Please multiply it and tell us there price sir ? . some people make play of you about yesterday about transcorp i can't see there face today why? .

(ARAB EMIRATE DOLLAR)
AED1 is equivalent to N136naira.

So you do the calculations.

Samsung S-7Edge =#251600 Naira

Samsung S-6=#183600


HTC 828=#77520

ihedioramma:
How much is it now ? . But any other small low price phone he can use to tread as he ask sir ? .

Samsung S7 Edge =AED1850

Samsung S6 Edge=AED1350

Betterstill he can go for HTC 828= AED570

It's also a 4G phone and Octa-Core processors like the Samsung Galaxy S6 & S7 Edge version.

Those are Dubai prices if you multiply by N136 you get the value in NAIRA.

PETERiCHY:
Fair value of Naira is N600 per USD nothing more nothing less.

https://www.nairaland.com/3600980/dollar-now-n500

The journey to fair value just begin

*ThE OcToPuS*

locodemy:
TRANSCORP FAITHFULS,PLS READ AND DIGEST WELL

Chairman of Transcorp and United Bank for Africa Tony Elumelu has expressed fear over the
downward drain of the power sector in Nigeria
- Elumelu said the government is owing Transcopr over N50billion leading to the poor
performance of the company
- He said if necessary actions are not taken, the power sector will crash and Nigeria will
wallow in total darkness
Tony Elumelu, chairman of Transcorp and the United Bank for Africa, has revealed that
Nigeria’s power sector is going down the drain and will soon collapse if necessary
actions are not taken by the federal government.
Elumelu stated that the Transcorp is being owed so much money running into almost
N50billion and added that if the company includes the invoice for January, the
company will be owed close to N55billion.
Power supply is failing in Nigeria
Vanguard is reporting that the agency that is responsible for making sure that the sector
delivers optimally is not doing well enough.
READ ALSO: 3 reasons power supply has been bad nationwide
Elumelu said: “We are owed a lot of money. Transcorp Power Holdings is owed almost
N50 billion. When we put in the invoice for this month, we should be owed almost N54
billion or N55 billion.
“How do you survive in business like this, how? Other GenCos I know are actually dying.
“We are struggling because of our diversified resource base, what of others? Something
urgent and drastic must be done.
"It is as urgent as yesterday. The truth is that Transcorp Power, as a key operator in the
sector, is struggling. And if we are struggling, you can imagine what others are going
through.”
Elumelu explained that the challenge began when dollar was N168, but when the dollar
rose to N300, there was a mass depletion of value to shareholders.
READ ALSO: EU will spend N50 billion on Nigerian power sector
He said: “ Today, the dollar is N300 officially and N500 on the black market to the dollar
so imagine the depletion, the erosion of value to shareholders of Transcorp. ”
He added that this development cannot encourage investment in the sector.
He explained that the company initially negotiated with General Electric to bring
turbines worth $500million but aborted the plan due to the company’s inability to
secure the foreign exchange needed for the business.

This even the more reason to buy to TRANSCORP.

For laymen like LOCO who doesn't understand the tone of the message.

Tony Elumelu stated that as a VIABLE COMPANY they have done their bid by providing SERVICE while GOVT on the other hand is owning about N55billion which inturn lead to depletion of shareholders value e.i TRANSCORP share price fell from above N7:00k to below N1:00k as well created a very good entry position for some BARGAIN HUNTERS .

In a nutshell GOVT DEBT is their major CHALLENGE unlike MANY MORIBUND COYS in NSE that are accessing all avenue to raise FRESH CAPITAL and BAILOUT FUNDS .

*ThE OcToPuS*

Many Nigerian banks will be forced to raise fresh capital to boost their operations if there is any further weakening of the naira, analysts at Afrinvest say.

“Quite a number of mid-tier banks and some of the weaker large tier banks are in that space where a slight movement in exchange rate might force them to fall below the regulatory minimum capital adequacy ratio which will force them to raise capital.

Banks face capital raising, mergers, acquisitions, if naira weakens further – Businessday


https://www.businessdayonline.com/banks-face-capital-raising-mergers-acquisitions-naira-weakens/

Some people money go enter Bush peo

The Nigerian Electricity Regulatory Commission on Wednesday declared that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to get the steady power supply.

http://www.energywatchng.com/tariff-increase-solution-improve-power-supply-nerc/

Sooner or later it will surely happen