₦airaland Forum

ogwuche4u:
Only a fool says what he doesn't know. Where were you when they did their forex bootcamp in portharcourt? Be mindful of your claims cos if they find you and file a suit against you, I pray you have the money to get a lawyer.
Am so pained because some Nigerian youths still think forex is a scam. When are we going to break free of the shackles of white collar jobs? I pray for our youths.

philos:
I like your simplicity, and honesty. I wish I could have what it takes (financially) to get started with Forex Trading, or at least invest in those expert forex traders like MBA.

Phyde:
Do you have any trusted person you can link us to, to avoid stories that touch

Godbpraised:
I do not advise anyone to buy united capital. The whole strategy of going to sort for funds at this time is suspicious. The fact that is unsecured hmmmm.

zamirikpo:
Govt hospitals have the best medical practioners in the country plus equipment

Argue with the ancestors.

Theconglomerate:
Your write up is saying naira will weaken and the CBN has just reversed its intervention policies,except of course for large fluctuations.
So then it's possible 380 will become the official exchange rate,and 450 is a really big deviation from 380,which makes it intervenable come monday.
Wheew!well,monday will tell...

Raalsalghul:
Why would you advise someone not to buy?

I've been thinking of converting recent savings to dollars.

Theconglomerate:
Oh trust me I'm not buying.
There are other reasons why I asked.

Theconglomerate:
Well,it looks like you are right.
Let's be observant sha.
Thanks,sharp analysis.
I appreciate.

Theconglomerate:
I agree with your theory but then,how do you explain the $100m pumped in mid this week?
Any ideas?
Also,what makes you think they can't sacrifice another 3-4 billion dollars from the reserve which will last throughout this year till the eventual rebound of oil price?

Theconglomerate:
How do you know this?

Grupo:
That's true. But do you think that the CBN can keep up with defending the naira considering the recent fall in oil price?

RabbiDoracle:
Under the Rapid Facility. Many countries got it from IMF and World Banks.

I don't think there are conditions attached to that loan.

ositadima1:
They returned 7.6b as interest income, where is this interest coming from? Please read the first sentence under the table

They also got interest expended of about 44b making net negative as seen below.

You can download the full statement here
http://www.dangotecement.com/investor-relations/financial-reports/

ositadima1:
There might be some reason for this,I would do same if selling bonds is cheaper. You know the retained earnings are mostly invested in other securities.

What if the bulk of the retained earnings is currently bringing in 12% interest and this new bonds are for like 8% interest?

emmanuelewumi:
Na wa, government is really broke. What is the essence of this during a lockdown and after forcing them to make huge donations towards the fight against Covid 19

onegentleguy:
That's NOT true.
Ur source may dispute the source of the write-up, but NOT the genuineness of the content.
The content as put out, is clearly not in doubt !!

Is it the part about Africa managing the curve a bit more and having a brighter chance of flattening it ahead of most countries in the western world?
...the WHO president confirmed this.
Our weather and body mechanism gives us an edge.
2 days ago, Ghana reopened its economy, recording just 9 deaths and 99% recovery rate !!

Is it about the part on " Discretionary Spending"
My dear even u will prioritize health and take it a bit more seriously after now(if u weren't doing that before)

Is it about the part of "Result of backlash against China"
My dear Japan, Germany, Sweden and the US already began that... Google is ur friend.
As I said, this will result to a possible strain on Globalization.

Is about...
I could go and on and on.
Again, take ur time to read thru that report again.

Perhaps the source of the report may not have come from the IMF(if that's ur assertion, then I agree)
But that does NOT take away from stating that all the input therein are FACTS !!
...u do not need a soothsayer to tell u that virtually everything that was written therein is TRUE !!

Regards

meshpips:
Hi everyone,

here is a simple chart for ZENITH showing the bearish swing starting 10th February - 11th August, 2019.

The retracement ended at the 61.8% Fibonacci level and we expect price to extend to the 161.8% Fibonacci level on the downside.

This 161.8% level is at 9.3X (almost co-incident with the monthly time frame support at 9.44).

All the best everyone!

Mcy56:
This is a good result in my layman's understanding.
The prevailing situations in Q1 2019 was nothing to be compared with 2020. PAT is even slightly higher self. They tried.

But wait o, is there no more analysis on this thread again or the analysts are on sabbatical?
Abeg make Una come back biko.

Homextras:
Bros, pls clap for them in this period... It is not easy out there... 2% increase...they tried, really tried...

Mcy56:
Why has nobody mention what's in GTB's Q1?
Make I go check anyway.

stcool:
If I enter a stock and it goes wrong...I own it
And when I exit I make it clear

Good to see you have changed into another monicker

RabbiDoracle:
Brent has broken down.

The government will need to learn the hard way.

They have been paying lip service to diversification.

There should be another devaluation in my opinion . Maybe to N500.