₦airaland Forum

At the beginning of 2016 we strictly warned them to stay away from NSE and invest either in DOLLAR or AGRICULTURE them no gree.

Again we asked them to Sell in MAY and go away they called us pessimists.

Now they are gnashing teeth and learning the hard way.

While the obedient ones are enjoying the blissful Dollar ride

For the patience ones that boarded the ELEPHANT @circa N3:30k we should the first significant rally after the September school fees paying period.

*ThE OcTOPuS*

FOOD 4 THOUGHT

```At the point of death, a man, Tom Smith, called his children and he advised them to follow his footsteps so that they can have peace of mind in all that they do..

His daughter, Sara, said,
"Daddy, its unfortunate you are dying without a penny in your bank..
Other fathers' that you tag as being corrupt, thieves of public funds left houses and properties for their children; even this house we live in is a rented apartment..
Sorry, I can't emulate you, just go, let's chart our own course..

Few moments later, their father gave up the spirit..

Three years later, Sara went for an interview in a multinational company..
At interview the Chairman of the committee asked,
"Which Smith are you..??"

Sara replied,
"I am Sara Smith. My Dad Tom Smith is now late.."

Chairman cuts in,
"O my God, you are Tom Smith's daughter..?"

He turned to the other members and said,
"This Smith man was the one that signed my membership form into the Institute of Administrators and his recommendation earned me where I am today. He did all these free. I didn't even know his address, he never knew me. He just did it for me.."
He turned to Sara,
"I have no questions for you, consider yourself as having gotten this job, come tomorrow, your letter will be waiting for you.."

Sara Smith became the Corporate Affairs Manager of the company with two Cars with Drivers, A duplex attached to the office, and a salary of £1,000,000 per month excluding allowances and other costs..

After two years of working in the company, the MD of the company came from America to announce his intention to resign and needed a replacement. A personality with high integrity was sought after, again the company's Consultant nominated Sara Smith..

In an interview, she was asked the secret of her success,,

With tears, she replied, "My Daddy paved these ways for me. It was after he died that I knew that he was financially poor but stinkingly rich in integrity, discipline and honesty".

She was asked again, why she is weeping since she is no longer a kid as to miss her dad still after a long time..

She replied, "At the point of death, I insulted my dad for being an honest man of integrity. I hope he will forgive me in his grave now. I didn't work for all these, he did it for me to just walk in".

So, finally she was asked, "Will you follow your father's foot steps as he requested ?"

And her simple answer was, "l now adore the man, I have a big picture of him in my living room and at the entrance of my house. He deserves whatever I have after God".

Are you like Tom Smith..?
It pays to build a name, the reward doesn't come quickly but it will come however long it may take and it lasts longer..

Integrity, discipline, self control and fear of God makes a man wealthy, not the fat bank account..

Leave a good heritage for your children..

As an agent of CHANGE, please share this true life story with your loved ones..

God bless us all..```

PETERiCHY:
USD now N400 in Dubai
Who says Buhari is not working

In UAE dollar is now N405 while dirham is N110

Who says Buhari is not working

PETERiCHY:
USD is 391 here in Dubai.

USD now N400 in Dubai
Who says Buhari is not working

mercylicious:
Please stop posting wrong info here.
U made a mess of me in the office this morning.

USD is 391 here in Dubai.

Since CBN head don finally correct.

I've made my first purchase of the year with my forex loot.

loaded some FBNH @t give away prices.

And ready to bail out during dec/Jan rally.

*ThE OcToPuS*

Atk1nson:
Hello,

Pls anyone with reason(s) for Forte oil's southward movement? Their latest financials appear ok

Hope you know that forte oil appreciated from N8 in 2013 to over N250 last year so it's no rocket science that what goes up must surely come down.

PETERiCHY:
LAST WARNING!

NEWBIES don't be deceived by old cargos that always make money with their mouth on this forum.

SKYEBANK shareholders funds is already in the negative and will soon be delisted.

So don't be carried away by deceptive trading figures the heartless NSE manipulators who are looking for who to devour are throwing up.

I rest my case.

*ThE OcToPuS*

After all my catalogues of WARNINGS!

Those still trapped in SKYEBANK after last week lifeline has themselves to blame,

Henceforth they are now going for delisting.

Those banking on bailout fund should bear in mind that FG don't share profits with bloody civilians, if in doubt ask BANK PHB shareholders

*ThE OcToPuS*

Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*

Coolcash1:
Yes ooo...Oando N1 team...

Even if you are willing to pay N1 for OANDO make its an idle fund that you are ready to forfeit incase of any eventuality because technically OANDO is bankrupt with over $2billion debt hanging on their neck in this low oil era.

Over the year Wale Tinubu and his fellow crooks has siphoning 90% of OANDO profits via their several phoney companies and their shareholders are only left with FORWARD LOOKING STATEMENT and CAPITAL RAISING.

So Newbies take note and be warned!

http://www.premiumtimesng.com/news/headlines/202000-panamapapers-tinubu-operated-12-shell-companies-tax-havens.html

Last October, Nigeria’s biggest indigenous oil and gas company, Oando Plc, made history for the wrong reason when it announced a loss of N184 billion in the 2014 financial year. The loss was the biggest ever recorded by any Nigerian company.
While its shareholders bore the brunt of the bleak financial year, the company’s group chief executive, Wale Tinubu and his deputy, Omamofe Boyo, might be doing just fine as they had for years incorporated and operated a cluster of shell companies in notorious offshore jurisdictions.
Mr. Tinubu seems to be making so good a return from his shell companies that in 2008 he agreed to pay a front as much as $20,000 monthly to manage all of his offshore transactions.
Details of the offshore assets of the two top bosses at Oando Plc were among the revelations contained in the leaked massive internal data belonging to Panamanian law firm, Mossack Fonseca.
The revelations are products of an investigation, spanning over a year by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other global news organizations across the world.

http://punchng.com/panamapapers-12-firms-linked-to-wale-tinubu/

A source said he expressed concern that the economy was gloomy, stagnant and worsening as a result.

According to the source, Emefiele, who noted that the economy was biting on all, with almost all activities crippled, said indices that would have made the economy grow were not in place at the moment.

CBN governor told the lawmakers that if the present situation in the country continued, the Federal Government might not be able to pay salaries of its workers with effect from October this year. He also said Nigerians would be forced to pay general taxes which would not exclude petroleum products.

http://www.vanguardngr.com/2016/07/nigerias-economy-in-bad-shape-cbn/

This just the beginning so let's keep enjoying the CHANGE,
1year down 3 or 7 more years to go.

Well some of us are patiently waiting for ASI @15k and USD @500h


*ThE OcToPuS*

ihedioramma:
By GUN take am to #500 .

USD is now #380
While some people are busy chasing paper profit.

krie00707:
hehe, no allow Tinubu catch you oo.

Read this report abeg http://gtigroupblog.com/oando-plc-report-q1-2016/

I have it before let me repeat it again fair value for OANDO is N1:70k.

This company will continue to make it share holders cry till 3rd quarter of 2017.

*ThE OcToPuS*

ihedioramma:
OGA, Naira stabilises against dollar at #365 today monday 18/07/2016 .

Naira stabilise for where what you quoted was the Nigeria rate or don't you know before your dollar gets here you will pay for the cost of transfer (COT) abi they don dey spend dollar for Nigeria .

Well as at this morning UAE rate is 373 per dollar.

Slow and steady we will get there courtesy of sai-Baba

PETERiCHY:
https://www.nairaland.com/3234306/habib-abdullahi-hands-over-hadiza

January this year when dollar was still trading circa @N300.

I strictly warned investors to buffer the fund in USD against the hyperinflation that will hit the Nigeria economy.

So with all this General Bubu incompetent appointment of putting round pegs in square holes will hastily drive dollar above #500 very soon which is our only gain in this hypocritical regime.

As this night in Dubai USD currently exchange for N371.

https://www.nairaland.com/3234599/nigerias-inflation-rate-hits-16.5

THE Consumer Price Index (CPI) measuring inflation in the Nigerian economy has risen to its highest point of 16.5 per cent since 2005.


Report released by the National Bureau of Statistics (NBS) shows that inflation for the month of June spiked to its highest point since October 2005 — 11 years.

Sai-Buhari

PETERiCHY:
https://www.nairaland.com/3222479/buhari-appoints-hadiza-usman-npa

We foresee the future and strictly warned them about General BUBU but they kept chanting CHANGE! CHANGE!!.

Well this a tip of the iceberg just 1year down and 3 or 8more years to go.

So let's sit tight and enjoy the CHANGE, those that areant comfortable can relocate to BENIN REPUBLIC or LAKE CHAD.

As for me and my household we are enjoying this CHANGE big time.

*ThE OcToPuS*

https://www.nairaland.com/3234306/habib-abdullahi-hands-over-hadiza

January this year when dollar was still trading circa @N300.

I strictly warned investors to buffer the fund in USD against the hyperinflation that will hit the Nigeria economy.

So with all this General Bubu incompetent appointment of putting round pegs in square holes will hastily drive dollar above #500 very soon which is our only gain in this hypocritical regime.

As this night in Dubai USD currently exchange for N371.

LAST WARNING!

NEWBIES don't be deceived by old cargos that always make money with their mouth on this forum.

SKYEBANK shareholders funds is already in the negative and will soon be delisted.

So don't be carried away by deceptive trading figures the heartless NSE manipulators who are looking for who to devour are throwing up.

I rest my case.

*ThE OcToPuS*

Youngzedd:
That's too harsh.

What else do you expect from an element that lacks thinking faculty.

PETERiCHY:
https://www.nairaland.com/3222479/buhari-appoints-hadiza-usman-npa

We foresee the future and strictly warned them about General BUBU but they kept chanting CHANGE! CHANGE!!.

Well this a tip of the iceberg just 1year down and 3 or 8more years to go.

So let's sit tight and enjoy the CHANGE, those that areant comfortable can relocate to BENIN REPUBLIC or LAKE CHAD.

As for me and my household we are enjoying this CHANGE big time.

*ThE OcToPuS*

I posted the above link few day ago and some people without thinking faculty are busy asking it connection with the market later they keep wondering why foreign investors are shying away from NSE.

Thunderlicious:
Blame it on Peterichy

https://www.nairaland.com/3222479/buhari-appoints-hadiza-usman-npa

We foresee the future and strictly warned them about General BUBU but they kept chanting CHANGE! CHANGE!!.

Well this a tip of the iceberg just 1year down and 3 or 8more years to go.

So let's sit tight and enjoy the CHANGE, those that areant comfortable can relocate to BENIN REPUBLIC or LAKE CHAD.

As for me and my household we are enjoying this CHANGE big time.

*ThE OcToPuS*

To boost lending and economic growth, the African Development Bank (AfDB) has extended a $350 million lifeline to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria.

Of the amount, $300-million stands as Trade Finance Loans to FBN and and $50-million to FSDH Merchant Bank, representing AfDB’s broader efforts to provide countercyclical support to the Nigerian economy.

According to AfDB, the facility became necessary given the falling commodity prices, which has caused shortages in foreign currency supply and led to unmet demand for trade finance instruments to support Nigeria’s ongoing economic transitions.

http://m.guardian.ng/business-services/fbn-merchant-bank-get-afdb-350-million-lifeline/

The Economic and Financial Crimes Commission says the trial of three former Managing Directors of defunct banks has received a major boost.

The three bank Managing Directors include Mr. Erastus Akingbola of the defunct Intercontinental Bank, who is accused of stealing N47.1bn; the MD of the defunct Bank PHB, Mr. Francis Atuche, who is accused of stealing N25.7bn; and the MD of the defunct Finbank Plc, Mr. Okey Nwosu, alleged to have stolen N18bn.

The commission said this on its official Facebook page while reacting to its victory against ex-Finbank boss, Nwosu, who failed to stop his trial at the Supreme Court last week.

The Central Bank of Nigeria, under the leadership of Mallam Lamido Sanusi (now Emir of Kano), had, in 2009, petitioned the EFCC, asking the anti-graft agency to investigate Nwosu, Akingbola, Atuche and a former MD of the defunct Oceanic Bank, Mrs. Cecilia Ibru, who has since been convicted.

Based on its findings, the EFCC charged them before the Federal High Court, Lagos, on money laundering charges.

It subsequently initiated another charge of stealing against them before a Lagos High Court, Ikeja, having obtained a fiat from the Lagos State Attorney General.

Nwosu, however, challenged the charge at the Lagos High Court on the grounds that it was an abuse of court process and would expose him to double jeopardy.

He also questioned the jurisdiction of the state High Court. The Lagos High Court dismissed his objection. Nwosu then took the matter to the Court of Appeal, Lagos Division and won on November 21, 2014.

Subsequently, both Akingbola and Atuche argued that since their cases were identical with that of Nwosu, the charges against them should be struck out on the same grounds.

The Court of Appeal, therefore, struck out the charges against them on the same grounds.

In the last attempt, the EFCC took Nwosu’s matter to the Supreme Court and was handed a victory last week.

http://saharareporters.com/2016/07/06/bank-fraud-efcc-re-arraign-rogue-ex-bank-md-akingbola-atuche-nwosu

All the defunct bank MDs are suppose to rot in jails

PETERiCHY:
WARNING! WARNING!! WARNING!!! SKYEBANK! SKYEBANK!! SKYEBANK! !!
DANGER! DANGER!! DANGER!!!

This danger alert is meant for the newbies to take precaution by running away from SKYEBANK Shares and not to by deceived by the old cargos that always claim to be master of game while they are trapped in it.

I have been sounding this note of warning over the past 2yrs both on this platform and on SMN when it was still trading @ #4 that I foresee SKYEBANK going the way of BANKPHB.

But alot ignored it and the we are making money this year group shouted it down and called us pessimist.

Lets forget all the grammar analyst are blowing.
In layman's language SKYEBANK depositors fund is 101% safe but the shareholders funds has gone to the dustbin of history just like others .e.i ALLSTATES BANK, ACB, OCEANIC, INTERCONTINTENTAL, AFRIBANK, FINBANK, SPRINGBANK, BANKPHB to mention but few.

That is why NSE is and will always remain one of the most organized gambling platform.

On a last note "NEVER EVER EVER INVEST A FUND YOU CANNOT AFFORD TO LOSE" Period!

*ThE OcToPuS*

http://saharareporters.com/2016/07/06/central-bank-nigeria-claims-%E2%80%9Cno-nigerian-bank%E2%80%9D-distress

The Central Bank of Nigeria (CBN) has denied what it called “malicious rumors and unfounded speculations” that some banks in the country are in distress or may be in the process of doing so.

“Neither Skye Bank nor any other bank in the industry is in distress,” it said in a statement signed by Isaac Okorafor, its Acting Director, Corporate Communications.

The statement followed stories in the media, including SaharaReporters, over this week’s sudden mass resignation of the board of Skye Bank.

WARNING! WARNING!! WARNING!!! SKYEBANK! SKYEBANK!! SKYEBANK! !!
DANGER! DANGER!! DANGER!!!

This danger alert is meant for the newbies to take precaution by running away from SKYEBANK Shares and not to by deceived by the old cargos that always claim to be master of game while they are trapped in it.

I have been sounding this note of warning over the past 2yrs both on this platform and on SMN when it was still trading @ #4 that I foresee SKYEBANK going the way of BANKPHB.

But alot ignored it and the we are making money this year group shouted it down and called us pessimist.

Lets forget all the grammar analyst are blowing.
In layman's language SKYEBANK depositors fund is 101% safe but the shareholders funds has gone to the dustbin of history just like others .e.i ALLSTATES BANK, ACB, OCEANIC, INTERCONTINTENTAL, AFRIBANK, FINBANK, SPRINGBANK, BANKPHB to mention but few.

That is why NSE is and will always remain one of the most organized gambling platform.

On a last note "NEVER EVER EVER INVEST A FUND YOU CANNOT AFFORD TO LOSE" Period!

*ThE OcToPuS*

PETERiCHY:
"Sell in MAY and GO AWAY, else remain in the market at own PERiL"

*ThE OcToPuS*

We warned them. they tagged us pessimists and start to delete our posts so they can trap more gullible victims .

Now NSE has deleted their money. I only the pity newbies who doesnt the intricacy of the Stock market but are carried away by the we are making money chanters.

ADIEU SKYEBANK my condolence goes to Pa Emma & Agba.

*ThE OcToPuS*

The Central Bank of Nigeria (CBN) yesterday said transactions done through electronic channels and Pointof-Sales (PoS) terminals are not subject to daily limit as settlement for the cards shall continue to be with interbank funds.

However, the maximum limit for naira debit and credit cards utilization shall be US$50,000.00 per annum. In addition, daily cash withdrawal limit is pegged at US$300.00 per person per day, and subject to monthly rendition of returns by Authorised Dealer banks and card issuers to the CBN.

This was contained in the new policy measures for 2016/2017 released yesterday by the Apex bank. The new policy measure stated that Naira Debit/Credit cards used locally are not affected and Debit/Credit cards linked to customers domiciliary accounts to be used overseas are also not affected.

According to the CBN, allowable limit of outbound money transfer per transaction per person shall be US$1,000.00 or its equivalent per quarter subject to review from time to time. Applicable charges by the operator shall be in compliance with the money transfer charges as may be prescribed by the CBN from time to time.

http://abokifx.com/no-limit-naira-debit-credit-cards-utilization-cbn-businessday/

This a welcome development

In addition someone should wake me when the ALL-SHARE INDEX hit 15000Bp

PETERiCHY:
http://bloom.bg/291TN0O

This development will definitely trigger a Global STOCKARMEGGEDON that will create a very good entry point for the patient ones

CASH has always being the KING.

*ThE OcToPuS*

What we are seeing now is the spill-over effect of NAIRA FLOAT,

From 1st of July we start to witness the damaging effect BREXIT.

Ignore this warning @ your own peril.

*ThE OcToPuS*

PETERiCHY:
http://bloom.bg/291TN0O

This development will definitely trigger a Global STOCKARMEGGEDON that will create a very good entry point for the patient ones

CASH has always being the KING.

*ThE OcToPuS*

http://m.economictimes.com/markets/commodities/news/oil-prices-dive-as-britain-votes-to-leave-eu/articleshow/52895872.cms

http://m.economictimes.com/markets/commodities/news/oil-prices-dive-as-britain-votes-to-leave-eu/articleshow/52895872.cms

2008 Global Meltdown will be a childsplay compare to what we are going to witness this time around.

Even if it's 10% of your portfolio you are able to recover better convert it to cash and run as fast as your legs can carry.

DON'T SAY YOU WEREN'T WARNED!!!

*ThE OcToPuS*

http://bloom.bg/291TN0O

This development will definitely trigger a Global STOCKARMEGGEDON that will create a very good entry point for the patient ones

CASH has always being the KING.

*ThE OcToPuS*

PETERiCHY:
Myjoy, This not the best time to quit your job because this gambling business called STOCK MARKET,

Most the so called investors are dying slowly, they only come here to console themselves with the slogan "We are making money this year.

Better safeguard your savings in USD bcus the nigeria economy is about to blow up.

*ThE OcToPuS*

http://punchng.com/economy-floodgates-breached/

investment values in the stock market will depreciate from over $45bn when N200=$1 to less than $25bn with N300=$ exchange rate.

Indeed, the value of our houses and all naira denominated assets, including the cash in our pocket and savings accounts have all now lost up to 50 per cent of the previous dollar value, while the oppressive burden of paying outstanding import bills, and other dollar denominated loans may send these debtors to their early graves.

Frankly, our collective net worth and the value of all naira denominated assets have now been cut in half, with just a stroke of the pen,

PETERiCHY:
The much anticipated STOCKARMEGEODDON is now taking place to the delight of bargain hunters that have been patiently waiting on the sidelines.

ZENITH BANK=N5:90k
GTBANK = N7:90k
OANDO= N1:70k
STANBIC=N8:10k
ETI=N8:90k
FBNH=N2:10k
ACCESS=N2:90k
UBA=N1:49k
DANGOTE CEMENT=#99:00k
SEPLAT=#110:00k
NESTLE=#199:00k
FO: My hand no dey

Patience is key and with GOD all things are possible

*ThE OcToPuS*

For those without the 3rd eyes the STOCKARMEGGEODON will last a full circle of 10days. 2down 8more to go. Ignore this warning at your own PERIL.

*ThE OcToPuS*

The much anticipated STOCKARMEGEODDON is now taking place to the delight of bargain hunters that have been patiently waiting on the sidelines.

ZENITH BANK=N5:90k
GTBANK = N7:90k
OANDO= N1:70k
STANBIC=N8:10k
ETI=N8:90k
FBNH=N2:10k
ACCESS=N2:90k
UBA=N1:49k
DANGOTE CEMENT=#99:00k
SEPLAT=#110:00k
NESTLE=#199:00k
FO: My hand no dey

Patience is key and with GOD all things are possible

*ThE OcToPuS*