essentialone:


Hello, please be informed that the Central Bank of Nigeria (CBN) recently revised the Monetary Policy Rate (MPR), which controls the interest rate on savings.

Kindly find below the new interest rates;

N50,000 - N99,999 - 1.15%

N100,000 - N999,999 - 1.25%


N1,000,000 - N4,999,999 - 1.40%

N5 million and above - 1.50%
Thank you.

- From UBA

This is wrong information. The CC agent gave you a wrong, cos this is an old rate after covid-19 if am not wrong.
The current rate for savings account is 4.95%

OBAGADAFFI:


In Nigeria Na.

If they try these in the US, multiple law suits will force the management to resign

exactly!!

I have jumped out of the aeroplane of Union Bank Plc. I no do again.

For those who are still on it, I wish you all a safe flight.

essentialone:
I have jumped out of the aeroplane of Union Bank Plc. I no do again.

For those who are still on it, I wish you all a safe flight.

make I jump follow you...

essentialone:
I have jumped out of the aeroplane of Union Bank Plc. I no do again.

For those who are still on it, I wish you all a safe flight.

Is Union Bank still trading?
They have paid us for the N7 Titan buy-out.

OBAGADAFFI:


Is Union Bank still trading?
They have paid us for the N7 Titan buy-out.

Yes naa. Buy out does not mean it has been delisted or suspended from trading. I even sold off above the N7.00 they paid in buy out.

Conoil should be able to pay between 3-4 naira as dividend based on their eps of over 8naira

https://doclib.ngxgroup.com/Financial_NewsDocs/37614_ARDOVA_PLC%20ARDOVA_CAUTIONARY_ANNOUNCEMENT_CORPORATE_AC.pdf

Breaking News; ARDOVA PLC plans to delist from NGX

Ardova PLC (“Ardova” or the “Company”) has notified the Nigerian Exchange Limited (“NGX”) that Ignite Investments & Commodities Limited has approached the Board of Directors of the Company with an intention to acquire the shares held by other shareholders of the Company at an offer price of ₦17.38 per share, and subsequently delist the Company from NGX (the “Proposed Transaction”).

Meanwhile, the coys share price closed at N17.65 today.
What a ridiculous MTO peg!
I remember sending out a few clear warning about FO/ARDOVA in the past. ...have also done same with Gerugu power in recent time.

Inference: He who sups with the d**** should have a long spoon.
...the games men play!
Caution is the word!

#coyslinkedtosirFO

TELL THE DOUBTING THOMASES THAT ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/31#117244837

https://doclib.ngxgroup.com/Financial_NewsDocs/37613_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC%20CORPORATE_ACTIO.pdf

Transcorp Plc is rallying high in price

Should we Hold on, Buy more, or Sell off?

essentialone:
Yes naa. Buy out does not mean it has been delisted or suspended from trading. I even sold off above the N7.00 they paid in buy out.

When did UBN sold above 7?
Or you mean to say close to 7?

veecovee:
TELL THE DOUBTING THOMASES THAT ...

Pastor compliment sir.
Happy New Year.

Today ASI closed at over 15 year high
Fasten your seat belt

Heishere:

Oga Oracle inform us o when is time to bail. Thanks.

Lol.
I doubt if people do this here.
Telling you lkely entry seems easier than coming to tell you exit.......few does but many won't for reasons best known to them. It has even been discussed here before self.
*Be reading the signs on the wall, follow news and trend of events. Most importantly, have your own strategy in place.
My opinion......

onegentleguy:
Breaking News; ARDOVA PLC plans to delist from NGX

Ardova PLC (“Ardova” or the “Company”) has notified the Nigerian Exchange Limited (“NGX”) that Ignite Investments & Commodities Limited has approached the Board of Directors of the Company with an intention to acquire the shares held by other shareholders of the Company at an offer price of ₦17.38 per share, and subsequently delist the Company from NGX (the “Proposed Transaction”).

Meanwhile, the coys share price closed at N17.65 today...

STAMPEDE at the exit door tomorrow!

yMcy56:

When did UBN sold above 7?
Or you mean to say close to 7?

The current market price of UBN is N6.60, but the Offer spread is +10% which rises to N7.25

yMcy56:

Lol.
I doubt if people do this here.
Telling you lkely entry seems easier than coming to tell you exit.......few does but many won't for reasons best known to them. It has even been discussed here before self.
*Be reading the signs on the wall, follow news and trend of events. Most importantly, have your own strategy in place.
My opinion......

RabbiDoracle did it around 2018.

Within a week, market fell.

From my observation here, I am of the opinion he knows how to predict a bear market better than a bull one.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/3000#64353504

RabbiDoracle, I hope you and your family are safe.

I read from here that you live in Turkey.

seyisanya:
STAMPEDE at the exit door tomorrow!

I don't think so.The offer will not fly and will be reviewed up

Agbalowomeri:
Today ASI closed at over 15 year high
Fasten your seat belt

Whr are we heading .I believe in this call because I see light coming to nigeria

GreatEko:
RabbiDoracle did it around 2018.
Within a week, market fell.

From my observation here, I am of the opinion he knows how to predict a bear market better than a bull one.....

Thanks for this thought....
Some names here can influence the market either positively or negatively.....

Oga Rabbi said he's still 80% in the market. If he should announce exit ehnnn, the market go hear am that day or the following .........so it's better he doesn't announce exit.

As for prediction, he's got both in my own opinion sha.

Lie investment one does same as well deducting N50

emmanuelewumi:
rote author=essentialone post=120596763]3 reasons why I will be completely quitting the use of Meristem stockbrokers by Q3 of this year.

1. Of all my stockbrokers, only Meristem stockbrokers deduct #50 from the money I deposit into their account, per deposit.
2. Of all my stockbrokers, only Meristem stockbrokers will not allow you to use all your deposited money to buy shares. They will always hold back N100 to themselves. The money is small but the reason is unclear and most likely invalid.
3. Of all my stockbrokers, only Meristem stockbrokers does not have the option of placing an order that can remain valid for 30 days. The maximum number of days that an order can remain in Meristem stockbrokers is 14 days.


I have tried to complain about these three things to them severally, but I think their Management does not care about feedbacks and complaints. Please if their agents are here, tell them ooo.



I agree with you.


Of all the stockbrokers that I do business with, it is only Meristem that will give you a margin loan on insist on the shares you must buy. These shares are reviewed every quarter.


Once I have provided enough security cover I should buy whatever stock I want to buy. You will hardly make money from their margin loan facility, I believe they are always late to the party as per the stocks on their list

GreatEko:
RabbiDoracle, I hope you and your family are safe.

I read from here that you live in Turkey.

We are cool. The series of events was very far to where I reside.

yMcy56:

Thanks for this thought....
Some names here can influence the market either positively or negatively.....

Oga Rabbi said he's still 80% in the market. If he should announce exit ehnnn, the market go hear am that day or the following .........so it's better he doesn't announce exit.

As for prediction, he's got both in my own opinion sha.

Won't say much but only drawing people's attention to where the events could emanate from - - - western countries' bond crisis or something external.

So we watch and see how it plays out.

Agbalowomeri:
Today ASI closed at over 15 year high
Fasten your seat belt

NGSEIndex , NSE30, NSEBanking & co looking good on TA. expecting break-out anytime soon.

Just read that FO earns nearly a billion naira in dividend from his FBNH shares. I wonder if there are ordinary Nigerians who live on dividend. I actively trade but now I'm seriously considering switching to accumulating for dividend
Btw, does anyone have comments on Moody's downgrade of some Nigerian banks due to govt debt exposure

Diyke4rich:

Lie investment one does same as well deducting N50

Haha bros, e never reach for you to use the word "lie" naa.

I say, of all my stockbrokers. I never said Of all stockbrokers.


Oya go back go modify that word lie. Hahahha

NACHO

Streetinvestor2:
I don't think so.The offer will not fly and will be reviewed up

You Better jump out immediately

igboboy3:
Just read that FO earns nearly a billion naira in dividend from his FBNH shares. I wonder if there are ordinary Nigerians who live on dividend. I actively trade but now I'm seriously considering switching to accumulating for dividend
Btw, does anyone have comments on Moody's downgrade of some Nigerian banks due to govt debt exposure

There are investors who live off their dividends and others whose dividends constitute more than 50% of their total annual income. These sets of investors should be about 5% of the investors in the market.


If your annual dividends can pay your rents, mortgage and utility bills, you are doing well and you are on the right track to building a solid dividend income in the next 10 years.

Then if your annual dividends is 4 times of your rent, mortgage and utility bills, you are super doing well and can decide to opt for an early retirement or semi retirement. It will take an average of consistently investing in solid stock for 20 years and having a good personal financial strategy in place in order to achieve this.


It will get to a stage whereby the total annual dividends earned will start growing faster than inflation

My opinion though.