₦airaland Forum

THE TRUTH ABOUT WEALTH TRANSFER:


The interpretation of why the Egyptians gave their wealth to the children of Israel (Exodus. 12):

1. This passage of scripture is used as an example of God giving wealth of the world to the believers and it sounds nice.

2. But what many fail to realize is that the children of Israel actually worked very hard for a very long time in slavery and forced, unrewarded labor for that gold and silver for many years.

3. For several years Pharaoh did not pay the Jews for their labor.

4. They worked without as much as a compensation.

5. God was proving that He is a God of Justice.

6. He would not allow the children of Israel to leave Egypt without being compensated for their years of hard labor.

7. Technically this was a transfer of wealth on a very large scale.

8. But as you can see God did not violate His own principle of justice in order to make His children rich and happy.

9. Israel’s newfound wealth was amassed over the course of several centuries under Pharaoh’s hand. They had built his temples and cities and received nothing for their toils.

10. The Gold and silver was simply God’s way of compensating them for their service.

[http://www.bloomberg.com/news/articles/2015-11-13/iea-says-record-3-billion-barrel-oil-stocks-may-weaken-prices]

Oil stockpiles have swollen to a record of almost 3 billion barrels because of strong production in OPEC and elsewhere, potentially deepening the rout in prices, according to the International Energy Agency.

This “massive cushion has inflated” on record supplies from Iraq, Russia and Saudi Arabia, even as world fuel demand grows at the fastest pace in five years, the agency said.

Still, the IEA predicts that supplies outside the Organization of Petroleum Exporting Countries will decline next year by the most since 1992 as low crude prices take their toll on the U.S. shale oil industry.

“Brimming crude oil stocks” offer “an unprecedented buffer against geopolitical shocks or unexpected supply disruptions,” the Paris-based agency said in its monthly market report. With supplies of winter fuels also plentiful, “oil-market bears may choose not to hibernate.”

Oil prices settled at their lowest level since late August on Thursday, as the U.S. government reported a seventh consecutive weekly increase in crude supplies.

Analysts are mostly downbeat about the outlook for oil prices, given ongoing worries about a glut of crude supplies.

December West Texas Intermediate crude CLZ5, +0.43% dropped $1.18, or 2.8%, to settle at $41.75 a barrel on the New York Mercantile Exchange, for its lowest settlement since Aug. 26. December Brent crude LCOZ5, +1.36% on London’s ICE Futures exchange gave up $1.75, or 3.8%, to $44.06 a barrel. The December contract for Brent crude expires Friday.

[Oil drops below $42 as U.S. supplies climb a 7th straight week - MarketWatch] http://www.marketwatch.com/story/oil-prices-rise-but-a-struggle-ahead-as-inventory-data-awaits-2015-11-12

Oil closed at the lowest level in more than two-months as U.S. industry data showed crude supplies expanded for the world’s biggest consumer, compounding a global surplus.

Inventories increased by 6.3 million barrels last week according to a Bloomberg survey.

Brent for December settlement declined $1.63, or 3.4 percent, to end the session at $45.81 a barrel on the London-based ICE Futures Europe exchange. It was the lowest close since Aug. 26.

Downward price pressure is coming from continued global oversupply, expected to last through next year,”

Iran offered new discounts to Asian customers for its light oil exports, signaling an aggressive battle for market share. The country is seeking to claw back the market share it lost under sanctions by boosting oil exports after a July deal with world powers to return to energy and financial markets.

Bloomberg - Oil Tumbles to Two-Month Low as U.S. Inventories Seen Increasing http://bloom.bg/1Y4joJg

locodemy:
I am really getting this stock interesting.it is a stock to use to make cool cash.buy at 5.99,sell at 8.70.Now it is like buy at 4.50 then wait to sell at 6.00.i think this is where my #500,000 will go.This december will be sweet.

It's actually heading to sub N4 and on the long run SHARE RECONSTRUCTION will take place.

For now any money you areant ready to gamble away don't put in OANDO.

I don talk my own.

*ThE OcToPuS*

[http://www.bloomberg.com/news/articles/2015-11-11/opec-challenges-shale-afresh-as-iraq-crude-floods-gulf-of-mexico]

OPEC’s latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. It’s due to reach American ports this month.

Iraq, the fastest-growing producer within the 12-nation group, loaded as many as 10 tankers in the past several weeks to deliver crude to U.S. ports in November, ship-tracking and charters compiled by Bloomberg show.

Assuming they arrive as scheduled, the 19 million barrels being hauled would mark the biggest monthly influx from Iraq since June 2012, according to Energy Information Administration figures.

The cargoes show how competition for sales among members of the Organization of Petroleum Exporting Countries is spilling out into global markets, intensifying competition with U.S. producers whose own output has retreated since summer

Iraq, pumping the most since at least 1962 amid competition among OPEC nations to find buyers, is discounting prices to woo customers. The U.S. may increasingly become one of them after its own output dropped by as much as 500,000 barrels a day since June.

Oil markets will continue to be oversupplied for as long as five years as producers in the Middle East ramp up output, according to Mohammed Al-Shatti, Kuwait’s representative to the Organization of Petroleum Exporting Countries.

Iraq pumped a record 4.4 million barrels a day in June, according to data compiled by Bloomberg. Libyan output, which has declined by more than half due to conflict, can return "at any moment," Al-Shatti said in an interview Saturday in Doha.

Iran has the capacity to boost exports by 500,000 barrels a day within one week of sanctions being lifted and by 1 million a day within six months, Roknoddin Javadi, managing director of state-run National Iranian Oil Co., said last month.

"Lower prices will continue until the glut in the market ends," Al-Shatti said. "Many countries are expected to increase production. Iranian crude is expected to return and that means an increase in production."

Demand isn’t expected to absorb the extra capacity and it will take shifts in supply to affect prices, he said. Al-Shatti said geopolitical disruptions or reduced future output because of the 30 percent fall in capital expenditure by oil companies could cause an increase.

[http://www.bloomberg.com/news/articles/2015-11-07/kuwait-sees-oil-glut-of-up-to-five-years-on-increasing-supply]

After years of sanctions, the country is boosting production and aiming to win customers back from the Saudis and Russians.

The fate of the oil market in 2016 depends in large part on a series of oil fields with names such as Ahwaz, Gachsaran, Bibi Hakimeh, and Darkhovin. All of them are pumping crude buried thousands of feet under the hills of the Zagros mountain range in western Iran. Since mid-2012

The country’s return to the oil market comes as the world is producing much more oil than it needs. According to the International Energy Agency (IEA), global oil production in the first half of 2015 averaged 95.7 million barrels a day, while average daily consumption came in at only 93.8 million barrels. The difference of almost 2 million barrels a day.

Bloomberg - Iranian Oil Goes Back on the Market http://bloom.bg/1l99J5S

http://www.ngrguardiannews.com/2015/11/oando-alleges-threat-to-450m-investment-by-oil-price-fall/


THE fall in the price of crude oil at the international market has started taking its tolls on local oil companies in the country as Oando Energy Resources announced treat to its investment worth $450 million.

Managing Director of the company, Bamidele Badejo, who briefed the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Denzil Kentebe, disclosed that Oando’s three rigs –OES Integrity, OES Respect and OES Teamwork– located at the Free Trade Zone have been out of work. Kentebe, who noted that the company invested $450million in acquisition of four rigs in furtherance of the Nigerian Content Act and employed 600 persons when three of the rigs were working, expressed regret that the staff strength has been cut to 200 since the slide of oil prices and downturn in operations. He pleaded with the board to help the company secure business so they can recall their staff and make their investment worthwhile.

A.P. Moeller-Maersk A/S, Denmark’s biggest company, said profit at its oil unit dropped 86 percent in the third-quarter as energy prices fell.

Maersk Oil’s net operating income after tax for the three months through September was $32 million, down from $222 million in the same period a year earlier, the Copenhagen-based company said in a statement on Friday.

Bloomberg - Maersk Oil Profit Sank 86% Last Quarter as Prices Plunge http://bloom.bg/20yVc41

Irresponsible people always look for who or those to blame for their misfortunes with crop of reasons why they coundnt succeed in life. It's a pity thats the bane of our society - Peterichy

The price of Nigeria’s sweet crude, yesterday, fell to $46.32 per barrel against $47.17 a barrel it was offered in the market on Wednesday.

Also, the global benchmark, Brent crude oil fell from $50.54 per barrel to $48.58 a barrel as at yesterday.

Besides, multinational oil and gas companies recorded revenue drop in their respective third quarter operations due to the declining crude oil prices.

The oil price slide was attributed to the increase in United States crude supplies.

The latest crude oil price is still below the Federal Government budget benchmark of N53 per barrel.

The price of OPEC basket of 12 crudes was $43.94 a barrel on Tuesday, compared with $44.01 the previous day, according to Organisation of Petroleum Exporting Countries (OPEC) Secretariat calculations.

[http://www.ngrguardiannews.com/2015/11/nigerias-light-sweet-crude-price-falls-to-46-32-a-barrel/]

A heavy glut of crude oil in the Atlantic basin kept differentials of Nigerian crude oil under pressure on Wednesday, with more than 60 million barrels of November and December cargoes available for purchase.

Differentials of competing light sweet crude oil from the North Sea were also weak and high freight costs made exporting to the Americas and Asia less attractive.

Also hampering exports of West African oil to India and China, typically among the biggest buyers, was a high premium of Brent to Dubai benchmarked crudes, which made West African oil less competitive relative to Middle Eastern grades.

A sharp fall in futures prices and strong refining margins for gasoline in the United States was seen supporting demand for light sweet Nigerian oil, traders said, though this had yet to be seen in the physical market.

[http://nairametrics.com/atlantic-basin-oil-glut-add-pressure-on-nigerian-crude/]

lancee:
Thanks .. not that easy not to sell thou @ that time especially when dem prophet dey shout sell sell it will go ack to 3.50 ..sold some yester @ 6.80/6.90 ... decided to leave the rest for now

Like agba said when u re confused do nothing ..But u have to be strong ..when there is too much of naggin and re-posting same thing over and over

He sold @ great loss and they re looking for pple to sell theirs too @ greater loss ..[consolation tinzs]

My average cost @ N13:28k and sold @N11:01k is a greater loss

Well go and mark my word time will come when i will repurchase all my OANDO @ Sub N4 just like I did on FBN yesterday.

We don't chase market we simply patiently wait for opportunities.

ihedioramma:
so the topic has change as i said last month? this one is small you have money and want to buy oando or fbnh but cant . were is bad news(peterichy),manie and company? any bad news?.

Ihedi just pray your children dont inherit your character coz from comments and that of some other folks on this forum. i can clearly see that you guys are both morally and financially bankrupt.

735i:
Increased liquidity,
Rates on T.Bills low,
Subidy payment approved,
Stock prices on record lows....

I smell a strong bull!!!...

If only oil prices can recover a little ...

You are still smelling it

Well I can authoritative tell that the STRONG NOVEMBER BULLS that we have been patiently waiting for the past 6mths are here already.

*ThE OcToPuS*

The lyrics of this KENNY ROGERS musical video explains the intrigues of the STOCK MARKET


https://www.youtube.com/watch?v=6X7Sx62plCw

1.You got to know when to HOLD ON.

2.know when to FOLD ON.

3.know when to WALK AWAY.

4.know when to RUN.

5.you don't count your MONEY when you're sitting at the TABLE coz there will be time enough for counting when the DEAL is done.

BREAKING NEWS


The Corporation noted that the initiative to ensure zero fuel queues has been bolstered with the approval by the Federal Government for the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims.

“It is our belief that with the outstanding payment due to Oil Marketers now assured, the marketers and other downstream players will join hands with the NNPC to guarantee that the nation remains wet with petroleum products all year round,’’ the Corporation said


[http://www.nta.ng/2015/11/04/fg-approves-payment-of-n413bn-to-oil-marketers/]

[http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/]

$2billion dollars no doubt this news will surely trigger a BULL

Food 4 THOUGHT

https://www.youtube.com/watch?v=h-KHWUq3B7I

megainvest:
See FBNH selling at sub N5! How can you forgive yourself if you miss this opportunity? Just grab it. Grab your copy nowwwwwwwww #MoneyDoublingThings2016

Sold N6:20k with 13% profit 2mths ago now repurchased all the units @N4:98k

NSE is can be very sweet if it didnt go against you so this not a recommendation ooooooo.

PETERiCHY:
This a golden opportunity for those trapped in OANDO train to bailout bcoz after this their current shenanigan their next port of call will be N3:50k.

I don talk my own ooo.

*ThE OcToPuS*

[http://www.thisdaylive.com/articles/nigerian-stock-exchange-may-sanction-oando-over-delayed-results/224596/]

The Nigerian Stock Exchange (NSE) on Tuesday said it was reviewing the situation regarding the delayed filings of the Audited Financial Statements (AFS) of Oando Plc for the year ended December 31, 2014, its first quarter and half year delayed fillings.


Although the exchange said it had sanctioned Oando Plc for violations of its post-listing obligations in accordance with its applicable Rules, it has also invited the company's AuditCommittee as well as its external auditors.

"Should Exchange’s continuing review reveal that Oando committed other infractions, the exchange will mete out appropriate sanctions pursuant to its Rules. The exchangehas reported the situation to the Securities and Exchange Commission. And, will involve other stakeholders, as appropriate," the NSE said.
Oando Plc posted a loss of N184 billion for the 2014 financial year.

http://www.proshareng.com/news/Investors%20NewsBeat/FLOURMILL-Sales-Grows-by-17percent-YoY-in-Q2-2016-Results-Proshare/29142

Fear Nigerian analyst they can be callous. they placed FLOURMILL on neutral to see if they can acquire more, they couldn't say SELL because its already trading on it 5yr low,

if its a stock they want to dump on investors you see slogans like BUY BUY BUY or JUST GRAB IT!

Abeg whenever you see such slogans better run for your dear life.

angrybull:
I spoke with Jeckojehu he was also singing and sending massage of naira devaluation like canary bird. Do you guys in dubai have a store pile of dirham to change to naira. just curious

Well the guy is into exchange and money transfer while I'm not.

I said this sometime ago I'm not really after NAIRA DEVALUATION rather what i want is stability of the NAIRA and free access to one's account .

All the money i remitted back home last year was done at an average of N170.

even rightnow remittance to Nigeria plus COT is done at the rate of N225 per USD while receiving from Nigeria is N228 per USD.

In other words the CBN restrictions is only preventing the bigger cash from hitting the system which in turn makes the economy to be stagnant and i bet you know what happens to a stagnant water.

Stakeholders and experts in Nigeria’s petroleum industry has called on Mr. Wale Tinubu, Oando Plc boss, to throw in the towel instead of boring his publics with tales of how the giant oil company posted a staggering loss of N189 billion right under his watch.

The loss which was announced last week has raised speculations about Tinubu’s capacity to steer the ship of the oil corporation to prosperous heights especially in this period that oil prices are having a free fall.

“The fact that the bulk of the lost money was attributed to administrative expenses is a enough reason for him to go. It’s shameful and insensitive of the Oando boss to hold tenaciously to his position while junketing across the globe on private jet and as a member of President Muhammadu Buhari’s entourage while he bungles his brief as Oando boss,” one of the company’s shareholder said. “Tinubu should just go in the spirit of change; he has ran the company aground.”

[https://www.today.ng/news/30819/n189bn-loss-stakeholders-urge-oando-boss-to-resign]

This a golden opportunity for those trapped in OANDO train to bailout bcoz after this their current shenanigan their next port of call will be N3:50k.

I don talk my own ooo.

*ThE OcToPuS*

Oil failed to sustain a rally above $50 a barrel in October amid signs a global glut will be prolonged as rising U.S. stockpiles keep supplies more than 100 million barrels above the five-year seasonal average.

The Organization of Petroleum Exporting Countries continues to pump crude at a faster pace than the limit the group has set for itself, with production near the highest level since 2008.

http://www.bloomberg.com/news/articles/2015-11-02/oil-slides-as-china-factory-gauge-signals-continued-contraction

mercylicious:
Most of the money came from sale of investment at 27 billion.
Which investment is that?

MAYBE THIS

http://www.thisdaylive.com/articles/flour-mills-explains-benefit-of-unicem-divestment/194557/

Group Managing Director, Flour Mills Nigeria Plc, Mr. Paul Gbededo has assured shareholders of the company that the sale of its 30 per cent equity investment in United Cement Company of Nigeria to Nigeria Cement Holding will benefit the company and enhance shareholders’ value.

Hedge funds raised bearish bets on U.S. natural gas to an all-time high just before prices capped their worst performance for the month of October since 2008 on the outlook for record stockpiles.

http://bloom.bg/1Mng1Vu

Saudi Arabia’s credit rating was cut by Standard & Poor’s , which said the decline in oil prices will increase the budget deficit in a country that relies on energy exports for 80 percent of its revenue.

S&P cut the sovereign rating one level to A+, the fifth-highest classification, as it said the biggest OPEC producer’s deficit will increase to 16 percent of gross domestic product this year. The nation’s credit outlook is negative as the decline in oil prices makes it difficult to reverse the fiscal deterioration, S&P said in a statement.

http://bloom.bg/1RDWsfH

OPEC crude production climbed this month, led by gains in Libya and Saudi Arabia.
Output by the Organization of Petroleum Exporting Countries rose by 74,000 barrels to 32.211 million a day this month,

According to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 89,000 barrels higher to 32.137 million a day because of changes to the Iraqi, Ecuadorean and Emirati estimates.

http://bloom.bg/1RDAbPg

PETERiCHY:
Well all I can say is that FLOURMILL is a PYRAMID of WEALTH.

Sub N21 is a bargain. looking forward to their FY result come APril 2016.

[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

gbolah4real:
Market dey deal with ppl well well oo
To make their body cooleh and feel better they decide make dem gangup show their hate and abuse and insult @Peterichy
shey u dey see the ppl i quote, dey no like u atall atall o. Maybe nah because u dey take salt dey rub for dia wound as u dey talk this your international talk.

So i ask u Mr Peterichy na u dey manage their portfolio for them? or the same freedom of speech wey dey allow to others to exercise dey wan remove from u? make laff no kee person for this place o

I wonder ooo.

Some say I no get job. Some say my mind na devils workshop. Some say it's due to cheap internet all because of the heart-attack WALE created for them.

I ve spent over a decade both in Singapore and UAE and i can authoritatively tell you that both voice call and internet are VERY VERY VERY CHEAP in Nigeria compare to those 2 countries.

Well in all honesty I dont blame them coz i know what it means for someone to lose 50% of his portfolio within one week and there's no end in sight yet.

Though that won't stop me from raising RED FLAPS to save the obedient newbies that have not been trapped.