₦airaland Forum

X21:
have fidelity debited you. yet to get any alert from them on 91 days order placed below 13.99% rate

After 2 unsuccessful bids Fidelity finally debited my account today based Dec 14th primary auction at my own discount of rate of 18.65% on 365% Tenor.

They even left the yield in my acct, Honestly I felt like someone that robbed CBN

Glory be to God almighty.

*ThE OcToPuS*

In order to mitigate the effects of the challenges facing the economy in the banking sector, the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has advised banks to beef up their capital.

http://www.thisdaylive.com/index.php/2016/12/19/ndic-boss-urges-banks-to-recapitalise/

ihedioramma:
Na truth now. What are you looking up to buy ?

Business is Secret so let me meet my target first.

For now allow the pandemonium create a better bargain.

*ThE OcToPuS*

PETERiCHY:
Discerning investors properly load your GUNPOWDER.

CHRISTMAS Clearance sales takes place between 20thDec and 24thDec.

BUY 1 GET 3 Free
Don't be left out.

*ThE OcToPuS*

Hausa don enter Awka

Discerning investors properly load your GUNPOWDER.

CHRISTMAS Clearance sales takes place between 20thDec and 24thDec.

BUY 1 GET 3 Free
Don't be left out.

*ThE OcToPuS*

PETERiCHY:
I see alot of people losing their shirts in this frenzy.

Even if you want to play the market wait for equilibrium after Dec 20th.

Disobey *ThE OcToPuS* and snake will bite.

*ThE OcToPuS*

@2348029093104, I can confirm on good authority from a friend based in South Africa whom I just spoke to over the phone that when MMM paused payments there due to system upgrade like they just did in Nigeria, they never came back online and till date people have not been paid.

This is far worse recession calamity people would be exposed to if it comes to this as the loss would be huge!!!

Safety Tips:
1. Make sure you are very close to your friends and relatives who are into MMM.

2.Observe their every movement and monitor where they are going to.

3. If you see any of them going close to a River, Ocean or Stream, raise an alarm and invite the police.

4. If you see any of them talking to him or herself, alert the nearest psychiatrist hospital.

5. If any of them begins to behave angrily and break or destroy things, please notify your friends and use cow rope to tie the person

I see alot of people losing their shirts in this frenzy.

Even if you want to play the market wait for equilibrium after Dec 20th.

Disobey *ThE OcToPuS* and snake will bite.

*ThE OcToPuS*

Critical Thinking

Wife : Do you drink beer?
Husband : Yes
Wife : How many beers a day?
Husband : Usually about 3
Wife : How much do you pay per beer?
Husband : $5.00
Wife : And how long have you been drinking?
Husband : About 20 years, I suppose
Wife : So a beer costs $5.00 and you have 3 beers a day which puts your spending each month at $450.00. In one year, it would be approximately $5400.00 correct?
Husband : Correct
Wife : If in 1 year you spend $5400.00, not accounting for inflation, the past 20 years puts your spending at $108,000.00 correct?
Husband : Correct
Wife : Do you know that if you didn't drink so much beer, that money could have been put in a step-up interest savings account and after accounting for compound interest for the past 20 years, you could have now bought a Ferrari?
Husband : Do you drink beer?
Wife : No
Husband : Where's your Ferrari?

Chibuking81:
@PETERiCHY , did Morgan capital later pay you ?
Am planning to pay in and buy some stocks, and I don't want to face a problem if I want to withdraw.

Yes I got my payment.

Chibuking81:
@ PETERiCHY, how far have you gone with Morgan and your money with them?. Please reply because am interested to know the outcome, if they are not affective again in their service I will begin the process of withdrawing my money from them.

This was an account i mainly use in getting all my dividends and about 2wks ago I got a paid via it,that was my gross.

Attached is a screenshot of the alert i later got from FIDELITY BANK which means MORGAN actually paid but this month a limit was placed on the account.

I ve sent all the requirements to my account officer and they promise to revert it today.

By tomorrow I will get back to Morgan for my refund. So no cause for alarm.

The Naira took a fall again on Tuesday, December 6, as it dropped to N485 from N484 against the dollar and N600 from N590 against the British pound at the parallel market.

https://www.nairaland.com/3504689/unbelievable-naira-falls-n485-1

The only business that put smile in my face today

princemolak:
Bro, I think you should be a bit patient sir, the problem is majorly from the Stupid Skye Bank they are using!

Which patience do they want again,

I called the landline Morayo gave me and they asked some question in regards to my biodata.

Afterwards I was ask to mail another of my bank details.

I gave them my STANBIC-IBTC acct coincidentally all the money transfer i EVER made to MORGANS was done via the same STANBIC-IBTC account.

The next I was told to present my KYC,

Maybe they expect me to come all the way from Dubai for a fund they got from me via my STANBIC MOBILE BANKING CHANNEL

spicytayomic:
Can someone please help me with Morgan Capital phone number apart from the following numbers 08107596134, 013429613, 014540114.
I made a request for my fund and yet to get a response from Morgan. Not even an acknowledgement of mail.

Its crystal clearly the current Morgan capital management is now playing pranks with investors fund.

I sold all my stocks last week and my payment date was due yesterday.

Last night I was told that my account has been funded but Uptil now I haven't receive any alert.

Upon all the countless phone calls and email I have been sending since last week.

Today they came up with any story that my fidelity bank account is rejecting their payment.

God bears me witness just I received over 1million Naira through the same fidelity account about 2weeks ago and with the same account I got paid on 2 occasion when the owner was still alive.

I had operated the same account for about 10yrs all of a sudden it's rejecting MORGAN CAPITAL PAYMENT.

WELL WHOEVER KNOW THE CURRENT MANAGEMENT SHOULD BETTER WARN THEM NOT TO DARE JOKE WITH MY FUND.

.

X21:
have fidelity debited you. yet to get any alert from them on 91 days order placed below 13.99% rate

I placed 19%rate on 365days tenor it didn't fly because it's above the stop rate.

It beats my imagination that upon all the warnings

Some are still looking for the living among the dead,

When True Yield on Treasury Bills is now at all time high of 23% interest rate.

Earlier in the year I predicted that some will cry water while others will cry blood.

Thank GOD we all witnessed it of which some have deleted their moniker and stop frequenting the forum .

Well that's just a tip of the iceberg because we ONLY saw it RAIN by next year it gonna POUR.

Those that has ears let them hear what the future holds for NSE. I rest my case

*ThE OcToPuS*

Thank GOD we are now witnessing the STOCKARMGEDDON we warned about.

All the same history always has a way of repeating itself.

Whenever FO gets to subN8, we will break the bank.

PATIENCE is KEY.

*ThE OcToPuS*

manlikegb:
@feelamong @PETERiCHY I would love to participate in the next auction in 2days time and need to place my bid latest tomorrow morning. Pls what rate would you advice for a 182days tenure. Thanks in anticipation.

17.9% won't be a bad idea but if you are in a haste then key-in 17.4% to be on the safe side.

From Atedo Peterside: I attended an economic outlook session with top economists and top CEOs today and thought to share some of the perspectives. The session looked at Nigeria's economic direction for 2017. The summary: 2017 will be tougher than 2016. The economy will not recover until 2018, even 2019. Inflation will continue to be high (hovering around 20%)and Naira to dollar will remain in the 450s. With money scarce many more businesses will fold up, leading to job losses and more poverty. With inflation and high exchange rate the banks will not be able to give loans and when they do the interest rate will be too high to afford. With high inflation those with paid salaries are now actually earning less, that is if they will be lucky to keep their jobs... The presentation shows that all sectors of the economy (not just oil) are either falling or already in recession (below zero). Signs are all over: British Airways just converted it's Nigerian office into an agency; almost all foreign airlines now fuel in Ghana; many people now smuggle crops and raw materials out to earn dollasrs; 75% of vacant houses in Ikoyi and VI don't have buyers; Shoprite that opened in Ajah in August is still 70% empty as dollars to bring in goods is scarce and customer count is poor; 5 other big supermarkets in Lagos have closed shop etc.
The experts' advice:
1. Cash is going to be King and whoever has it or has access to it should preserve it.
2. Spend less than you earn; SAVE for the rainy day.
3. Cut down on avoidable merriment.
4. Expect the worst Christmas in 20 years.
4. Look for dollar or pounds-earning businesses if you can.
This is a privileged info, I hope it's useful to you.



With the above economic outlook I have decide to peg my discount rate for 364days @20% even if it didn't fly tommorrow it will definitely fly in the nearest future.

I'm not in a haste to cage my fund.

*ThE OcToPuS*

AderibigbeAAA:
Please when is the next auction after that of Nov 30tg likely to be?

I plan to invest but can't meet the Nov 30th auction?

NTBs primary auction takes place consecutively every 2wks.

40manlappy:
Hello fam, when is the next primary auction please? Seem to have lost track of the dates.

The next NTBs auction will take on 30th Nov.
I place a bid of 18.5% on a 364days tenor via Fidelity Bank but its like i will raise it to 19%.

soloniger:
Good morning megainvest

You are a badt person

Intendy:
stock with new 52 week low

FO #70.00k

stock with new 52 weeks high

Mobil #195.03k

Moon's ago when USD was still trading circa N240.

We foresee STOCKAMARGEODON and out of the love of God in heart we stemly warmed investors to stay off STOCK MARKET

And invest their HARD EARNED money in USD.

Instead they tagged us PESSIMISTICS, ECONOMIC SABOTEURS to mention but few

We even gave them option to invest what they can afford to lose but they kept chorusing "WE ARE MAKING MONEY THIS YEAR"
Now who is bearing the BRUNT

I kept saying it 29yrs in a heavenly spiritual realm and still counting is not a joke.

Well for the discerning investors we are still patiently waiting for ASI @15k.

As per FO any price above N10 is not a bargain.

SKYEBANK is another BANKPHB in the making i pity one papa and one other stubborn doctor that doubted my prediction when the Sun was still shining

Transcorp and OANDO days are numbered

Elephant MIGHT go the way of UBN not minding I still hv some units there

Let me stop at this junction, disobey *ThE OcToPuS* at your own peril.

*ThE OcToPuS*

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling these debts.

The committee, in a communique issued at the end of its two-day meeting held at the headquarters of the CBN in Abuja, warned that the huge government indebtedness to economic agents had slowed down business activities.

http://punchng.com/fgs-huge-debts-crippling-financial-system-cbn/

And the dead brain illiterate still want to borrow more

Nigeria plans to give the central bank more power to control capital flows and prevent foreign-exchange being taken out of the country, including jail time and fines for offenders as authorities battle a shortage of dollars.

Authorities should be able to jail for as long as two years anybody holding dollars in cash for more than 30 days, or fine them 20 percent of the amount, according to a draft amendment to Nigeria’s Foreign-Exchange Act. The proposals were published this week on the website of the Nigerian Law Reform Commission, which reviews legislation. Regulators should also be able to prevent money being repatriated “in accordance with the terms and conditions as may be prescribed by the central bank from time to time,” the draft shows.

http://www.bloomberg.com/news/articles/2016-11-18/nigeria-proposes-jail-time-fines-as-it-tries-to-bolster-naira.

Glaring Signs that Nigeria is not far from a FAILED STATE.

Do MMM go jail,
Keep FOREX go to jail.
Issokay

expects interest rates to remain high for some time. “High yield on fixed-income estimate means that the equity market will remain bearish as foreign investors remain concerned about the liquidity of the foreign exchange market in Nigeria,” he said.

http://m.guardian.ng/news/cost-of-funds-soars-as-inflation-hits-11-year-high/

Most times when we walk into big malls, boutiques, supermarkets, we never question their prices. We pay exactly what we see on the price tags and even hand out tips to the staff.

But the moment we are out of these shops and want to buy banana, *our bargaining game gets off to the roof*

Poor widow with 12 hungry children at home tells you banana is N100. She even takes out her time to explain how difficult it was for her to even buy it, how the economy is so tough. But we insist that if it's not N50, we are not paying.

Some of us even step back into our cars and make to drive away. But because 'half bread is better than chin chin', this woman is forced to call you back and sell to you at little or no gain.

In her heart, she cries, she's worried about how she'll survive with her children. She silently reassures herself that 'It's well. God will definitely provide.''

While you happily chop the luscious banana, Take some seconds out and think about this.

I'm always moved to tears when I see people who genuinely and helplessly hawk petty goods to feed and survive for that day, especially women and children.

Please don't bargain so hard with small vendors like this. They do business not to buy designer bags, trendy phones and watches, Gucci shoes and designer clothes but to LIVE and EAT for that day and the children share the remaining money to take to school the next day (that's if there's any left).

SHARE this message and let the CHANGE start from you.

Snr Prophet TB Joshua choice of words do betray him atimes.

He didnt really find the adaquate words to drive home his POINT.

This are the 3 stages of his PROPHESY

(1) He saw a MAN win.

(2) Along the line a WOMAN was narrowly leading but it came to a point her BOAT was ROCKED/ Which means the election was RIGGED.

3) Finally he hailed and congratulated the MAN for his courage and tenacity.

*ThE OcToPuS*

LAGOS Nov 8 (Reuters) - Nigeria plans to sell 119.92 billion naira ($376.22 million) in short-dated treasury bills at an auction on Nov 16, the central bank said on Tuesday.
A total of 32.43 billion naira will be sold in the three-month papers, 22.82 billion naira in six-month bills and 64.67 billion naira in one-year bills, the central bank said in a public notice. Payment for the purchases would be made on Thursday.

http://af.reuters.com/article/nigeriaNews/idAFL8N1D93VU

willyede:
The Nigerian equity market on Tuesday depreciated further with the market capitalisation losing N180 billion due to persistent profit taking embarked upon by investors.http://punchng.com/nse-market-capitalisation-loses-n180bn-tuesday/

They better say the truth for once,

Market kept tanking due to profit taking abi lose taking.

Nigeria economy i hail ooo.

As per MORGAN CAPITAL may his gentle continue to rest in peace.

So if his successors like let them lock his office and throw the keys inside bar-beach no problem so far I don't wake one day and get alert that my FBNH has been sold.

I gave this prediction sometime last year that we should expect the next crazy BULL come 2027 such type that make people sell their properties and invest in stock market. hoping to sell my FIRSTBANK #70 by then.

On a last note my shout out goes to all the group members of "WE ARE MAKING MONEY THIS YEAR"

*ThE OcToPuS*