₦airaland Forum

http://thenationonlineng.net/51-foreign-investors-exit-equities-bond-markets/

Fifty-one foreign investors repatriated profits from their investments in equities and Federal Government of Nigeria (FGN) bonds last week.

The investors considered Nigeria’s foreign exchange policies of the Central Bank of Nigeria (CBN), especially its refusal to devalue the naira, unfavourable to their investments.

They pushed the transactions through Stanbic IBTC Bank, published data on forex disbursement for last week showed.

The major part of the $15.91 million forex was disbursed by the lender to investors divesting from the country, local businesses importing petroleum products, payment of school fees abroad and settlement of Personal Travel Allowances (PTAs) and Business Travel Allowances (BTAs).

http://www.punchng.com/failure-to-save-oil-revenue-indefensible-sanusi/

The biblical Egyptian Story of 7years bountiful harvest that was followed by 7yrs of famine.
Is a prototype of what is currently going on in the global economy.
Invest wisely!

*ThE OcToPuS*

http://www.pmnewsnigeria.com/2016/04/17/legislative-rascality-serap-drags-senate-to-un-over-cct-amendment/

http://leadership.ng/news/519064/2016-budget-crisis-386-fresh-projects-inserted-agric-ministry-alone

Budget of CORRUPTION

It's likely Oscar Onyema will test his circuit breaker today e don tey wey the machine be dey holidays

http://mobile.reuters.com/article/idUSKCN0XE14T

Commodity currencies slumped early on Monday while the safe-haven yen soared after global oil producers failed to agree on an output freeze, sending oil prices tumbling a new.

The failure to secure a deal unsettled markets. U.S. crude futures CLc1 slid 6.7 percent to $37.68 a barrel, while Brent futures LCOc1 dropped 6.7 percent to $40.18 a barrel.

The current OIL debacle started in June 2014 and will go a full circle of 3years,

In other words we should expect the price to bottom-out by 2nd quarter of 2017. Those that has ears let them hear.

*ThE OcToPuS*

PETERiCHY:
http://www.zerohedge.com/news/2016-04-15/saudi-prince-drops-friday-night-bomb-no-deal-without-iranwe-are-selling-every-opport

In what appears to be a Doha party-pooping statement, Saudi deputy crown prince Mohammed bin Salman stated unequivocally that The Kingdom won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha.

All that hope crushed by a reality that has been painfully obvious that no side will be given in the Iran-Saudi tete-a-tete... and now, as Citi warned "expect a sharp sell-off."

“If all major producers don’t freeze production, we will not freeze production,” said Prince Mohammed, 30, who has emerged as Saudi Arabia’s leading economic force.

“If we don’t freeze, then we will sell at any opportunity we get.”

this battle is not my battle. It’s the battle of others who are suffering from low oil prices.”

we have our own programs that don’t need high oil prices.”
Simply put, "no deal,"

Given Iran is sending a junior minister in a clear message that it will do nothing.
It seems more than a few people "knew" nothing would come of this and that the epic squeeze-fest early this week was all false...


Now Wale OANDO and their Crook members let's meet @N1:40k junction.

*ThE OcToPuS*

http://mobile.reuters.com/article/idUSKCN0XE02Y

A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between OPEC and non-OPEC nations, and looked set to prompt another fall in the price of crude.

Some 18 OPEC and non-OPEC oil producers, including Russia, had been meant to meet in the Qatari capital of Doha on Sunday morning and quickly rubber-stamp a deal to freeze output at January levels until October 2016.

But the meeting was postponed after OPEC's de facto leader Saudi Arabia told participants it wanted all OPEC members to take part in the freeze, according to OPEC sources.

Riyadh had earlier insisted on excluding Iran from the talks because Tehran had refused to freeze production, seeking to regain market share after the lifting of Western sanctions against it in January.


Discerning investors sharpen your cutlasses NSE ALSI 15000 Basis point here we come

*ThE OcToPuS*

http://www.bloomberg.com/news/articles/2016-04-16/saudi-prince-sticks-to-oil-freeze-ultimatum-as-iran-stays-home

Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. Iran said it had decided to stay at home.

PETERiCHY:
http://www.zerohedge.com/news/2016-04-15/saudi-prince-drops-friday-night-bomb-no-deal-without-iranwe-are-selling-every-opport

In what appears to be a Doha party-pooping statement, Saudi deputy crown prince Mohammed bin Salman stated unequivocally that The Kingdom won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha.

All that hope crushed by a reality that has been painfully obvious that no side will be given in the Iran-Saudi tete-a-tete... and now, as Citi warned "expect a sharp sell-off."

“If all major producers don’t freeze production, we will not freeze production,” said Prince Mohammed, 30, who has emerged as Saudi Arabia’s leading economic force.

“If we don’t freeze, then we will sell at any opportunity we get.”

this battle is not my battle. It’s the battle of others who are suffering from low oil prices.”

we have our own programs that don’t need high oil prices.”
Simply put, "no deal,"

Given Iran is sending a junior minister in a clear message that it will do nothing.
It seems more than a few people "knew" nothing would come of this and that the epic squeeze-fest early this week was all false...


Now Wale OANDO and their Crook members let's meet @N1:40k junction.

*ThE OcToPuS*

http://www.cnbc.com/2016/04/16/iran-will-not-attend-doha-oil-freeze-talks-on-sunday-sources.html

Iran will not attend a meeting between OPEC and non-OPEC member countries about freezing oil output levels scheduled for Doha, Qatar, on Sunday, two sources familiar with the situation told Reuters.
Tehran's oil minister had not been scheduled to attend, but the OPEC member country was due to send a representative.
Iran has said it would not join a freeze agreement as it seeks to raise its oil output and market share to pre-sanctions levels.



STOCKMARGEDDON loading...........$15 per barrel here we come.

Nobody should be deceived by whatever those NSE manipulator/engineers has gone to do on saturday afternoon at their gambling platform.

It's simply a plot to trap in more victims,

Those that has ears let them hear.

*ThE OcToPuS*

http://www.zerohedge.com/news/2016-04-15/saudi-prince-drops-friday-night-bomb-no-deal-without-iranwe-are-selling-every-opport

In what appears to be a Doha party-pooping statement, Saudi deputy crown prince Mohammed bin Salman stated unequivocally that The Kingdom won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha.

All that hope crushed by a reality that has been painfully obvious that no side will be given in the Iran-Saudi tete-a-tete... and now, as Citi warned "expect a sharp sell-off."

“If all major producers don’t freeze production, we will not freeze production,” said Prince Mohammed, 30, who has emerged as Saudi Arabia’s leading economic force.

“If we don’t freeze, then we will sell at any opportunity we get.”

this battle is not my battle. It’s the battle of others who are suffering from low oil prices.”

we have our own programs that don’t need high oil prices.”
Simply put, "no deal,"

Given Iran is sending a junior minister in a clear message that it will do nothing.
It seems more than a few people "knew" nothing would come of this and that the epic squeeze-fest early this week was all false...


Now Wale OANDO and their Crook members let's meet @N1:40k junction.

*ThE OcToPuS*

feelamong:
Just wait small..Oga Peteru and his band of Clowns will soon start blowing us their trumpets....

Sell Now and come back in December...

I don siddon dey wait for the wall to break too

My instinct failed me this time around because i thought you are a human being

http://www.channelstv.com/2016/04/12/nigeria-china-bank-reach-agreement-yuan/

The Director General of the Foreign Ministry’s African Affairs Department, Lin Songtian, told reporters that the agreement “means that the renminbi (yuan) is free to flow among different banks in Nigeria and the renminbi has been included in the foreign exchange reserves of Nigeria”.

According to Reuters, the agreement was reached following a meeting between Nigerian President Muhammadu Buhari and Chinese President, Xi Jinping.

http://nairametrics.com/inflation-emefiele-sets-nigeria-on-the-path-to-zimbabwe/

Inflation at 12.8% is way above trend; growth is below trend at 2 percent for 2015, while the Naira exchange rate has surged to hitherto uncharted territory of N320 per dollar.

The CBN last year rolled out a series of policies that have made the macro story for Nigeria worse than it should be.

The bank cut rates instead of hiking rates in the face of fast rising inflation expectations, chose to pump liquidity into the commercial banks (via a CRR cut) for them to lend in areas chosen by the CBN in a command and control policy reminiscent of North Korea and Venezuela.

rebekah2011:
And you bought at N60 something years ago. Thats stock market for you

Yea that's the more reason I stood out as father of all newbies with discerning spirit,

for them to really know that STOCKMARKET is a game of death more especially NSE where anything and everything goes.

The market has lead many to the great beyond via suicide and HBP name it,

In other words I will keep preaching CAUTION to depopulate the casualities.

As for those claiming to be profiting year in year out, if God open your 3rd eyes to see their true state of mind, honestly you will indeed pity them

feelamong:
And some bought this UBA that is giving out the N800k dividend at @ 2.60 when some people were preaching that everyone should vacate the market...

Yes while some bought the same UBA N9 less than 2yrs ago

Raider76:
Where is Mercy? UBA is below N3.0!

This just a tip of the iceberg, it's no brag.

Go and mark it somewhere "Time will come when UBA will trade below N1:50k and nobody will buy".

*ThE OcToPuS*

BMZK:
The whole house is quiet.
It is well.
We shall make money in 2016...

Why won't they be quiet or have seen where someone bitten by a cobra makes noise.

Well it's only the gulible newbies that were deceived I pity.

DonBillah:
I bought @ 19, 12,10 ,8 , 7 and 5.80. I stop bcus I was just buying base on sentiment. I am stuck and confused.

While somebody will want to dispute that stock market is not one of the most organised gambling platform with the slogan of buy a fundamental sound stock with good dividend history

Or Firstbank is no longer a good fundamental stock

Well for the newbies below are the lay down rules for the STOCK MARKET;

1) DON'T lose money.

2) DON'T forget rule no1.

3)DON'T EVER INVEST what you can't afford to lose.

4) Your chances of pulling a successful trade is less than 5% which makes it one of the easiest avenue to lose money.

*Honestly God bears me witness that if i had to share some lamentations inbox messages im getting from those that lost huge unbelievable funds in NSE infact some of you will stop visiting this forum let alone invest in NSE.

So neglect any of the above guidelines at your own peril

*ThE OcToPuS*

http://www.zerohedge.com/news/2016-04-11/and-now-twist-algeria-oil-minister-says-russia-refused-cut-output

First it was the Saudis who said they would not cap oil output unless Iran joins the production freeze, which it won't. And now, Bloomberg reports citing APS, that Russia was in on the plot to make the Doha meeting a total and complete farce.
ALGERIA SAYS DOHA TALKS AIM TO CAP OUTPUT AT JAN. LEVELS: APS
ALGERIA'S KHEBRI SAYS SOME OIL PRODUCERS REFUSE OUTPUT CUT: APS
ALGERIA OIL MINISTER SAYS RUSSIA REFUSED TO CUT OUTPUT: APS
More details:

I only pity the gullible investors as for those deceiving themselves with profit making let them continue but one day monkey go go market him no go come back.

http://www.bloomberg.com/news/articles/2016-04-08/nigerian-msci-exit-may-risk-500-million-holdings-rencap-says

MSCI Inc.’s decision to consider dropping Nigeria from its Frontier Markets Index has put $500 million of stock investments in Africa’s biggest economy under threat, according to Renaissance Capital Ltd.

http://www.bloomberg.com/news/articles/2016-04-08/iran-steps-up-offense-in-oil-market-battle-with-pricing-discount

Iran ratcheted up its offense in the oil market after breaking a pricing tradition, signaling it’s seeking to win market share at a time when rival producers are trying to forge a deal on freezing output.

State-run National Iranian Oil Co. will sell the Forozan Blend crude for May to Asia below the level offered by rival Saudi Aramco for Arab Medium, the third month the Persian Gulf state is giving the discount after setting it at a premium for almost seven years through February 2016, data compiled by Bloomberg show.

NIOC will also sell the Iranian Light grade to Asian customers at 60 cents below Middle East benchmark prices, a company official said on Friday, asking not to be identified because of internal policy.

http://www.bloomberg.com/news/articles/2016-04-08/stock-trading-plummets-as-nigeria-stands-firm-on-naira-chart

Turnover on Nigeria’s All Share Index fell to $672 million in the first quarter, the lowest since at least 2009, when Bloomberg began compiling data.

Volumes may drop further as foreign investors shun the market while they wait for a devaluation of the naira and as Africa’s biggest economy grows at its slowest pace in 17 years, according to Robert Omotunde, an analyst at Lagos-based broker Afrinvest West Africa Ltd.

“A lot of foreign investors are cautious because of the foreign-exchange risk that’s just waiting to crystallize,” he said. “And some listed companies are barely keeping afloat.”

This just the beginning

https://www.nairaland.com/3035649/tree-branch-used-fuel-queue

Only under APC government- Sai-Buhari

http://www.pmnewsnigeria.com/2016/04/08/why-nigeria-is-in-foreign-exchange-crisis-segun-agbaje/

The Managing Director, Guarantee Trust Bank Plc (GTB), Mr Segun Agbaje, has stated that the decline in oil price at the international market has affected the foreign exchange market.
Speaking at the 326th Bankers Committee meeting on Thursday in Lagos,

Agbaje reckoned that the crash in the price of oil has had a telling effect on the Nigerian economy.
“I don’t think there is any secret any more. I believe that in Nigeria, we have all become experts on the foreign exchange market,” he said.

Noting that: “But the reality of where we are today is that we are coming from 115 dollars per barrel of oil price to somewhere around 40 dollars.
“We all have to make adjustments because our habits have to change with less money to spend.

“As corporate bodies, you have to invest in import substitution and develop things locally and that is truly where we are. I don’t think there is much to debate.

“We all have to make sure we allocate the scarce foreign exchange we have and make the best out of it”.

http://dailypost.ng/2016/04/08/buhari-to-borrow-n1-8trn-from-world-bank-china-exim-bank-others/?utm_source=twitterfeed&utm_medium=twitter

“On our planned N1.8 trillion borrowing for infrastructure development, we have started discussions with our local banks and international financial institutions like the World Bank and China Exim Bank, among others.

feelamong:
when is May in your calendar?

cos I know dat since June last year you have shouting that we should exit equities...

Yes that's because things has really fallen apart if not which expert doesn't know there is always a bull at early January and late March/ April but now what is happening

In Chinua Achebe's voice "Things fall apart and the centre cannot hold"

ukay2:
What will you advise one to doas regards stock trading in the month of summer holidays...may ...upwards

http://www.investopedia.com/terms/e/equity.asp

What does 'Sell In May And Go Away' mean
Sell in May and go away is a well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings in May and gets back into the equity market in November - thereby avoiding the typically volatile May-October period - would be much better off than an investor who stays in equities throughout the year.

Godisfaithful:
There's money to be made in some stocks but adequate caution is highly advisable when trading FBNH. Best of luck!

Mr.Optimist it's like you've left the Buy-Buy group.
So it's now you are seeing what i perceived about the elephant moons ago

Well it's all good you are highly welcome to the Cautious Club

ukay2:
Please are

wapco cement
Uacn
Flourmill
Ucap

Good buy now for medium term plan

Cc
Godisfaithful
Feelamong
Angeloe
Manie
Intendy
Rebecca
Peterichie
Zendi
EDU
Ihelp
Lancee
Chibuilking
Stockbull
Etc

Thanks my ogas

None of the above, you better keep your cash for better things, Month of MAY is around the corner which will usher in the summer holiday.

*ThE OcToPuS*

http://abokifx.com/over-17-billion-shipped-out-of-nigeria-by-powerful-individuals-in-suspect-transactions-businessday/

A massive leaked document from global law firm Mossack Fonseca revealed by International Consortium of Investigative Journalists (ICIJ) has revealed that Nigeria’s rich and powerful elite including politicians, celebrities, and wealthy individuals were responsible for the average export of $17, 804 billion out of the country from 2004 to 2013 through illegal and suspect transactions.

An average of US$14, 802 billion in physical cash and US$2, 984 billion in trade misinvoicing also left the country within the period of 2004 to 2013. The document estimates that nearly US$1 trillion of unrecorded money shifts out of emerging market and developing countries annually.