₦airaland Forum

"Flies that doesn't hear words will end up following corpse to the grave"- African Proverb.

PETERiCHY:
Boason Omofaye ‏@BBoason · 9m9 minutes ago

BREAKING: Nigeria's headline inflation rises to 13.7 in April, latest @nigerianstat report shows @channelstv

http://www.bloomberg.com/news/articles/2016-05-16/nigeria-inflation-quickens-to-highest-pace-in-almost-six-years

Nigerian inflation accelerated for a sixth consecutive month in April and at the highest pace since August 2010, after an increase in gasoline and electricity prices in Africa’s largest economy.

The inflation rate rose to 13.7 percent from 12.8 percent the month before, the Abuja-based National Bureau of Statistics said in an e-mailed statement, the same median estimate of 14 economists surveyed by Bloomberg. Prices rose 1.6 percent in the month.

Rising fuel and electricity prices “were the largest contributors,” the statistics agency said on Monday. “These items as well as other imported items continued to have ripple effects across many divisions.” Food inflation rose to an annualized 13.2 percent from 12.7 percent in March.

Godisfaithful:
Sir, there are so many upsides in this market. The bids is still there but was placed on hold and may resurface anytime soon

If wishes were horses.........................

Look inwards all you need to success in life is within you and Stop playing the Jonah of NSE,

Hook on that and thank me later.

*ThE OcToPuS*

OBAGADAFFI:
What truth are you talking about.

With all your pessimism people have been making profit.

I hope they are still making the money or rather paper profit

Well TRUTH is one thing you can't suppress.

*ThE OcToPuS*

Joysmart:
Dubai Banks order Closure of Nigerians Bank Account
Oga hope you're watching your back o

All legal Nigerians living and working in Dubai are not affected except students.

Those mainly affected are politicians and others who launder money to dubai under the pretext of paying children school fees,

So students are affected too.

angelo82:
All bid for bank stocks just disappear,why?

Boason Omofaye ‏@BBoason · 9m9 minutes ago

BREAKING: Nigeria's headline inflation rises to 13.7 in April, latest @nigerianstat report shows @channelstv

I discovered the moderators now deleted some of my posts.

If they are scared of the TRUTH the best option is to place a permanent ban on my username so they can have their way.

Bcuz i solely stand for TRUTH & TRANSPARENCY and dont mingle with darkness.

*ThE OcToPuS*

http://www.cnbc.com/2016/05/15/oil-prices-rise-on-nigeria-venezuela-disruptions.html

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a stronger dollar capped gains.

International Brent crude futures were trading at $48.11 per barrel at 0148 GMT, up 28 cents, or 0.6 percent, from their last settlement.

U.S. West Texas Intermediate crude futures were up 25 cents, or 0.5 percent, at $46.46 a barrel.

In Nigeria, oil major Exxon Mobil suspended exports from the country's biggest crude stream, Qua Iboe, and other producers like Royal Dutch Shell and Chevron have also suffered disruptions following acts of sabotage, cutting output to its lowest in decades of around 1.65 million barrels per day (bpd).

PETERiCHY:
http://abokifx.com/buhari-bows-to-imf-pressure-to-devalue-naira-290-to-dollar-sahara-reporters/

http://www.vanguardngr.com/2016/05/buhari-devalue-naira-290-dollar/

Some were patiently increasing their networth while others were busy chasing paper profit.

Heavenly father I really thank you for today may you name be highly GLORIFIED

*ThE OcToPuS*

http://www.vanguardngr.com/2016/05/naira-continues-free-fall-now-n370/

The sharp depreciation of the naira in the parallel market triggered by the deregulation of petrol importation continued yesterday, with the naira depreciating to N370 per dollar. The Petroleum Products Pricing Regulatory Agency, PPPRA on Wednesday said that, with the deregulation of petrol importation, importers will henceforth be permitted to source for their foreign exchange requirements from secondary sources.

mercylicious:
hahaha. nooo.
i wont hesitate to jump in any good deal i see, but capital preservation is very important to me at this time.

That's what makes you a discerning investor and not a ZOMBIE

http://www.vanguardngr.com/2016/05/fuel-price-hike-fg-not-removed-subsidy-says-vp-osinabjo/

http://www.vanguardngr.com/2016/05/disturbing-realities-fuel-price-hike/

http://punchng.com/marketers-sell-fuel-n145/

The fact remains that with the gradual rebound in the price of crude oil in the international market and the weak economy of the country, Nigerians are yet to see the end to the hike in the price of PMS, as Nigerians should be prepared to pay between N250 and N300 for a litre of the commodity.



The CHANGE is getting real so lets enjoy it,
Anybody that is not comfortable should better relocate to Niger Republic
Sai-Buhari

Oil slips as dollar strengthens but traders eye Nigerian outages
http://mobile.reuters.com/article/idUSKCN0Y4024

Oil prices slipped on Friday, ending a three-day rally, as a strong dollar weighed and investors cashed in on recent gains, but losses were cushioned by outages in Nigeria that have slashed output to the lowest in over two decades.

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://abokifx.com/buhari-bows-to-imf-pressure-to-devalue-naira-290-to-dollar-sahara-reporters/

http://www.vanguardngr.com/2016/05/buhari-devalue-naira-290-dollar/

Some were patiently increasing their networth while others were busy chasing paper profit.

Heavenly father I really thank you for today may you name be highly GLORIFIED

*ThE OcToPuS*

http://www.thisdaylive.com/index.php/2016/05/13/subsidy-removal-pppra-pegs-naira-at-n298-for-fuel-imports/

USD now N348

http://af.reuters.com/article/nigeriaNews/idAFL5N18A34E

Nigeria's naira extended its losses against the greenback on Friday amid a jump in demand for dollars by oil importers and speculation of central bank moves to make the exchange rate more flexible, traders said.
The local currency slipped to 345 to the dollar on the parallel market in early trade, down 1.2 percent compared with the previous day's closed.
"More speculators are taking a position in the market, causing dollar scarcity and fall in the value of the local currency," said Aminu Gwadabe, head of the bureaux de change operators association.

On Wednesday, the Nigerian government said fuel importers were allowed from how on to get dollars from the parallel market to help ease acute shortages - likely to result in increased demand for dollars, and more pressure on the naira, as importers increased their orders.

http://abokifx.com/nigeria-oil-firms-losing-over-n5bn-daily-as-attack-on-oil-infrastructure-claims-592000-barrels-per-day-businessday/

Nigeria is losing over N5.4 billion per day due to loss of over 600,000 barrels per day of crude oil production due to militant attacks on oil and gas infrastructures.

“Apart from the immediate cost of the assets and the production losses to operators, it has the capacity to lower the overall investment attractiveness of the country. Something Nigeria doesn’t need at this point,” said Chijioke Mama, energy research analyst

megainvest:
I wonder what the naysayers will be thinking when they see the over 500% return in Tigerbrands!!!

What business can give you that kind of return? That is why I will remain in this market for a very looooooooooooooooooooooooong time.

Is it not the same Tigerbrand aka Dangote flour that was enlisted @N15 in 2007 and later traded N58 same year when dollar was still trading below #120 per USD.

And here are people Aliko Dangote deceived 9yrs ago and took their money to become the Africa richest man, jumping up that Tigerbrand is now #5 while on the hand dollar is now N345.

Honestly we really need a holistic approach in other to better our lives and that of our loved ones. Thank you

*ThE OcToPuS*

ukay2:
Sir Peterichie... Welcome...

Please bring down the prices of ucap, AFRIPRUD, UBA, transcorp,zenith for me to the lowest prices so that I can load them next week..

Meanwhile, Brent crude price is now $48.08

Drastic decline in Nigeria oil output is one of the major reason brent is going up so rejoice not.

735i:
Naa... I'm not going to be active... I'll just buy and hold dollars. I sense a sudden spike in exchange rates and an official devaluation in the coming days.

https://www.thecable.ng/increase-pms-price-crashes-naira-n3451

The Nigerian naira suffered a setback on Thursday, crashing to N345 against the dollar, following the federal government’s decision to liberalise sales of petrol.
The naira also exchanged at 475 to pounds less than 24 hours after the announcement was made by Ibe Kachikwu, minister of state for petroleum.


The journey has just begin,N1000 benchmark here we come.

*ThE OcToPuS*

soloniger:
in fact, I just voluntarily retire from my 9am to 4pm job and hopping to deploy part of the proceed to market in addition to my meager sum currently practicing for more than 8yrs, I wish Baba God to care of me and also your great ideas should be showered

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*

https://www.nairaland.com/3080716/ogun-police-deploy-2-helicopters

The Ogun state police command has intensified the search for kidnapped Senator, Iyabo Anisulowo, by employing the services of two helicopters. IGP, Solomon Arase ordered the deployment of the choppers on Saturday.

The choppers, which arrived on Saturday have been patrolling the suspected hideouts of the kidnappers in the state.Commissioner of police, Ogun state, Mr. Abdulmajid Alli, shifted the base of operations to Ilaro, Yewa South Local Gov­ernment area.


APC ZOMBIES should come and defend this one too

http://www.punchng.com/foreign-exchange-earnings-drop-7-05bn/

The Nigerian economy recorded a decline of $7.95bn in foreign exchange inflows in the last quarter of 2015, figures obtained from the Central Bank of Nigeria have revealed.

The CBN said in its economic report for the fourth quarter of 2015 that the foreign exchange inflows dropped from $27.34bn at the end of the third quarter to $20.29bn at the end of the fourth quarter.

It said the foreign exchange earnings of $20.29bn represented a decline of 25.8 per cent and 45.2 per cent below the levels in the third quarter of 2015 and the corresponding period of 2014, respectively.