₦airaland Forum

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*

ihedioramma:
The same person

Height of joblessness,

Had it been you took my advice 2ys ago and go into restaurant business which is your ministry by now you would've been better off.

ihedioramma:
Peterichy why now? you invest two million in TB for one good year and they gave you #340000 and you use it to buy transcorp for two years to sell @ #4 ? and you tell people to go out of the market now why you are in for two to three years to come? now tell me who is fooling who ? .

I don't know where you chipped your figures from but if at all I do TB of 2m.

So you now expect me tell others to put their own 2m in NSE when I know the market will terribly underperform this year

DeRuggedProf:
How did you arrive at your decision to buy TRANSCORPSE? Did they reject your application to use that PART OF INTEREST in T-BILLS to buy more T-BILLS or BONDS
Is it wisdom to deliberately abandon a tested winning formula for UTTER GARBAGE that you have consistently asked people to stay centuries away from...?

The FUND i invested in TRANSCORP is part of the SEED-MONEY i got from my TREASURY BILLS investment and not my PRINCIPAL.

TIME will come when i will sell it above N4:00k which will definitely happen before 2020.

So follow your instincts and don't cry for ARGENTINA.

*ThE OcToPuS*

locodemy:
They said that i deceived many people here and lured them into fcmb.
Everyone was attacking me here and there yesterday but today everyone is silent.
We shall know who is deceiving who.Tomorrow is not too far.We all shall live to see diamond and fidelity bank results.
We shall know who to listen/ignore in this forum after this period.

CBN cant be there and watch fcmb paying 25kobo dividend when almost all banks are asked to recapitalize.
Fcmb will attract investors again when they didnt come public to look for money.Smart ones should use this period to know where to put their money and where not to(banks)

So with all the heavy losses you incurred in NSE over the years.

Still yet you've learnt nothing SMH.

OBAGADAFFI:
Weren't you making mouth about you dollar this month .

You sabi lie no bo small.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/2086#54282801 5:59am On Mar 05

Whoever is having USD should secure it and sleep with both eyes closed.

I foresee a crazy FOREX demand like NEVER BEFORE.

*ThE OcToPuS*

I earn a sizeable of amount USD on monthly basis and since this government of CHANGE took over i stop sending money till last quarter of 2016 USD traded btw N480-#500 which I invested in NTB

Likewise this year come September during school fees i will exchange @circa N600.

So better go and put your house in order.

*ThE OcToPuS*

DeRuggedProf:
But forex has hurt you greatly.
I know when you decided to move your loss making assets from Transcorpse that you labelled as BLOOD MONEY and FBN to dollars slightly below N400 indicating a VERY STRONG BUY.....
Well, we have a group of people here who TRADE PAST CHARTS....

In Dec i liquidated most of my dollar position @Circa N500 and invested in Treasury Bills, then took part of the TB interest to buy TRANSCORP.

So don't cry for me ARGENTINA.

duni04:
Just might be a solid chance for some to jump ship before the usual Friday blood bath
#FCMB

God is merciful, Same opportunity was given to those in SKYEBANK Sinking Ship but the stubborn ones fail to seize the moment, They now live in regrets.

Godisfaithful:
Sir, Peterichy, don't forget MONEY neither sleep, fast, nor slumber

As far as 2017 is concern in the Nigeria business terrain (MONEY MARKET & FOREX) is the PLACE to be.

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

Slow down indeed!

The sameway OANDO slow down from #33 to sub#3,
FBNH slow down #16 to sub#3,
FO slow down from #250 to sub#50,
SKYEBANK slow down from #3 to 50kobo,
UNITYBANK slow down from N5 after reconstruction to 50kobo.

I wont pity anyone that see all this warnings and still go ahead to put their hard earn money in that trash called FCMB.

*ThE OcToPuS*

PETERiCHY:
2017 is the year of "ECLIPSE"

It will factor in all (100%) the negative news of 2016 and the MARKET will TANK like never before, its then the FULL CIRCLE will be complete.

2018 is actually year of the "DAWN" which will usher in a new beginning for the NIGERIA ECONOMY.

Those that has ears let them hear what the FUTURE holds.

*ThE OcToPuS*

1st quarter of 2017 is gone and thank GOD we've seen a glimpse of the ECLIPSE I was talking about.

April is Eastar holiday so we should expect a sell-off.

MAY,JUNE & JULY is Muslim fasting cum summer holiday.

I repeat if you don't have long term spare cash stay off entirely from the STOCK MARKET.

*ThE OcToPuS*

OBAGADAFFI:
I dont really understand the noise a about FCMB, most of us are not making loss .

The only disappointment is the delay in releasing the result.

Keep deceiving yourself.

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*

Like SKYEBANK Like FCMB.

Thats a RED FLAG for those still planning to buy.

I rest my case.

*ThE OcToPuS*

Judgment day for LOCO and his BANK.

COURT order!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PETERiCHY:
FCMB FY result will land some people in igbobi. I rest my case.

http://nse.com.ng/Financial_NewsDocs/16964_FCMB_-_AUDITED_DEC_2016_FINANCIAL_STATEMENTS_MARCH_2017.pdf

Someone better alert the Lagos state authority to keep a strong surveillance on 3rd mainland bridge.

OBAGADAFFI:
As at today most of us in FCMB are making more than 100% profit.

And how much are you losing on FO and others

locodemy:
I thought so.Anyway the result is very good.There is no cause of alarm here.share price is already in defensive mode and will continue to be.I expected 15 kobo but must appreciate them for giving 10 kobo.2.1m naira is a good return in an investment of 22m naira not to talk of the capital gain.I appreciate.

Fly wey no dey hear word dey follow corpse enter ground.

LOCO after 6months of sleepless nights you can see the dustbin where you dump your family fund.

While last year out of church mind i personally adviced you to take advantage of FG MMM aka TREASURY bills with 22.9% true yield and use the interest to play NSE but you were forming insider informant now Balogun don use una do blood money.

Thank God if you are able to get half of your fund because FCMB fair value is 50kobo after reconstruction.

Disobey *ThE OcToPuS* and serpent will bite.

*ThE OcToPuS*

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*

ZikkyChops:
Good afternoon in the house, i'm new member in d forum have quite enjoyed all sundry contributions and critics. Just to say well done. Is FO good to buy @ that 45. Thanks

Better wait for it @sub N10 else you have yourself to blame.

FCMB FY result will land some people in igbobi. I rest my case.

locodemy:
Chairman........see........in Nigeria,when people begin to rush a bizness becos big money is coming out of it,it crashes.What is in your mind now is also in another person's mind and maybe 75% of Nigerians are thinking what you are thinking now.I will be happy to see those dollars perish in your hands..................

For over 3 decade Naira has been losing against USD so better think outside the BOX and go with the flow else you get crushed by the moving TRAIN,

When this window of opportunity is closed we are going to witness FOREX scarcity like NEVER BEFORE I rest my case.

*ThE OcToPuS*

locodemy:
Person wey wake up from sleep come dey tell people about his dreams...........Na who the listeners go ask whether na true?

Na you sabi?

In this era that alot of foreign investors funds are trapped in NAIRA you don't need a sooth sayer to tell you that the stock market will definitely TANK when Naira gains such tremendous strength within a short time.

For your info i exchanged my USD @t circaN500 and invested in TREASURY BILL it's part of the interest paid upfront that i invested in stocks.

Now USD @#390 cant you see the glaring opportunity to bring home my soilders unscathed

rookidmart:
Dollar is ₦400 currently at Abokifx, ₦390 on the streets.

The fund i invested in TRANSCORP was exchanged @circa N500 so it's time for me to liquidate all my stocks and move it back to FOREX bcoz USD @390 is GOLDMINE of the CENTURY

*ThE OcToPuS*

PETERiCHY:
Whoever is having USD should secure it and sleep with both eyes closed.

I foresee a crazy FOREX demand like NEVER BEFORE.

*ThE OcToPuS*

Emefiele warned that those taking a bait on the naira would loose “real big.”

https://www.businessdayonline.com/cbn-cautions-currency-speculators-mpc-holds-rates-steady/


Right from the days Dollar was trading @subN200 CBN has been issuing warning to currency speculators.

They better stop talking and start crashing since some has vowed to get their fingers burnt

#PsychologicalWar#

During this damage control period if you are lucky to get USD @#450 mop as much as you can because our next port of call is N600.

Thank me later.

*ThE OcToPuS*

I kept Seeing a dead ELEPHANT.

I repeat if you don't have spare cash stay away from NSE.

A stitch in time saves ninety-nine.

*ThE OcToPuS*

Whoever is having USD should secure it and sleep with both eyes closed.

I foresee a crazy FOREX demand like NEVER BEFORE.

*ThE OcToPuS*

PETERiCHY:
2017 is the year of "ECLIPSE"

It will factor in all (100%) the negative news of 2016 and the MARKET will TANK like never before, its then the FULL CIRCLE will be complete.

2018 is actually year of the "DAWN" which will usher in a new beginning for the NIGERIA ECONOMY.

Those that has ears let them hear what the FUTURE holds.

*ThE OcToPuS*

Equities market closed today on a negative note, as NSE ASI depreciated by 1.40% to close at 24,829.59 basis points, as against 0.58% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -7.61%.

https://www.proshareng.com/news/DAILY%20WEEKLY%20MARKET%20UPDATES/Market-Extends-Two-Day-Losing-Streak-by--1.40Percent./33914

PETERiCHY:
This year CAPITAL PRESERVATION is KEY while 2018 is the GAME by then all the gullible investors would have lost their funds.

In a nutshell stay off the CAPITAL MARKET in 2017 if you don't have an insider information. QED

*ThE OcToPuS*

I made the above statement precisely on Jan 2ND,

We are still in EXODUS by the time we get to MALACHI all the stubborn ones would have lost both their shirts and pants.

Operating in the heavenly spiritual realm for over 3 decade is no child's play. I rest my cases.

*ThE OcToPuS*

The federal government has approved the sum of N701billion as Power Assurance Guarantee for the Nigeria Bulk Electricity Trading (NBET).

Briefing State House correspondents after the Federal Executive Council (FEC) meeting chaired by the Acting President, Prof Yemi Osinbajo, the Minister of Power, Works and Housing, Babatunde Fashola, said the facility would be made available by the Central Bank of Nigeria (CBN).

This, according to him, is to guarantee payment for the evacuation of electricity produced by Generation Companies (GenCos) to the national grid.


http://www.energywatchng.com/fg-approves-n701bn-boost-electricity-generation/