OBAGADAFFI:


You go Wait tire.

Even in COVID Zenith didn't fall to N5.

ositadima1:


Everyone is talking about a global financial crisis. My question is, since it is global, will it start in Nigeria ni? Won't it first manifest in foreign markets before we feel the effects here?

That is how one particular individual is always posting about a generational low. Will this low start with the Nigerian markets ni? I am confused o.

pizapato:


US is market even pumping right now

S&P and QQQ just hit 52 weeks high.

When the US markets starts showing signs of decline, that when one should be cautious.

The removal of Emefiele can however cause a decline in the short term

Streetinvestor2:
The market will tank but to this level will only happen in WW 3. It cannot go beyond #15 with the corruption everywhere you go.

Saviourplease:
Thanks to all the contributors here.

In 2020, I stumbled upon this thread shortly after my NYSC

Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'.

Well done guys!!!

GreatEko:


Foreign investors do not like him again.

They prefer someone else who won't impose FX controls and multiple exchange rates.

I guess the market should be happy with this news.

aremso:


But zenith did 8+ in 2016 when oil tank to $27 so nothing is impossible!

Saviourplease:
Thanks to all the contributors here.

In 2020, I stumbled upon this thread shortly after my NYSC

Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'.

Well done guys!!!

Streetinvestor2:
I don't believe oil price has anything to do with nse stocks. Why didn't we see the effect on nse when oil was 70 ans above. The management of the economy is what I believe reflects on nse since the market became dominated by locals. What matters is businesses doing well, producing good results (not audio results).And rewarding investors via good dividend or bonus. And all this will happen if the economy is doing fine.How about if the country was not producing oil. We have many other way to generate revenue for the country .If oil like let it go to #20 ,Zenith with dividend of #3 plus will not go to #5..That is only possible if we have ww 3 or something worst caused by nature

Then on a serious note,no government in nigeria can be worst than that of Pmb.Though I am not a fan of BAT but I know he will be 100 percent better than pmb because he has business interests in the country .

The market will still tank but not the generation low as I dey hear for this thread. Corruption is what is killing the country and pulling everything down.

Saviourplease:
Thanks to all the contributors here.

In 2020, I stumbled upon this thread shortly after my NYSC

Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'.

Well done guys!!!

Streetinvestor2:
I don't believe oil price has anything to do with nse stocks. Why didn't we see the effect on nse when oil was 70 ans above. The management of the economy is what I believe reflects on nse since the market became dominated by locals. What matters is businesses doing well, producing good results (not audio results).And rewarding investors via good dividend or bonus. And all this will happen if the economy is doing fine.How about if the country was not producing oil. We have many other way to generate revenue for the country .If oil like let it go to #20 ,Zenith with dividend of #3 plus will not go to #5..That is only possible if we have ww 3 or something worst caused by nature

Then on a serious note,no government in nigeria can be worst than that of Pmb.Though I am not a fan of BAT but I know he will be 100 percent better than pmb because he has business interests in the country .

The market will still tank but not the generation low as I dey hear for this thread. Corruption is what is killing the country and pulling everything down.

aremso:


are u just entrying this NSE? 70 per barrel wiil have no impact now let oil tank by 50% then I want to read the same comment from you.

YoungBuffet:



Bro let me shed little light on this, our current budget is pegged at $75pb so if oil tank to let say 60$pb and was sustained for long time like 6months then then FG will have deficit in the current fiscal year and if it tank further more heat for government to embark on more borrowing to meet up with their fiscal responsibilities. Now as regards it effects on NSE it will not be felt if the price didn't go down well like 50-30$pb and when price gets to that level NSE will feel it irrespective of N3 paid by zenith Bank. How? Now most tier one banks gave out loans to oil and gas industry based on the fact that oil prices would be stable and if oil goes down well and stay there for a while then fears of NPLs hit the market especially the banking sector then investors start selling as it happened before I think around 2016. Part of oil and gas loans is affecting FBN till date, UBA has given loan to TE for his oil well and transcourp oil well then when oil tank proper and stays there for some time then fears of getting money back set in. Another case is Oando that got massive loans to buy ConocoPhillips assets thinking oil price will continue uptrend but tanked and the price has not gotten to that level again when they took the loans. Another aspect is FPIs, if oil revenue dropped there will not be dollars for them to repatriate their gains cos as they come in they are also wants to be sure they can repatriate their gains back and they know is only oil that we have as major source of our revenue so as it drops it sends red flags to them. So forget about N3 dividend when everything scatter no one cares about they dividend again except we of small money. Oil will tank I still maintain my stand on this. China data is weak as regards their economy so the demand from them is low Saudi cut production yet Brent is struggling hard to rise now if US lift sanction on Iran to sell their crude then SS outweighs DD forcing price to go down. My own level is $45-40 before it rise back

Streetinvestor2:
I have been long enough in the market. And don't believe crude oil price determines price movement in nse mostly now the market is majorly played by locals.Oil price does not stop businesses making profits. Why didn't oil price affect the likes of ub capital etc

IHelp:
Universal Insurance
Bid: 0.15
Volume: 60,000,000

Broker must be either
Investment One
CSL
Morgan Capital

seyisanya:
Nah oga Loco food b dis.

pluto09:



It is not the daily fluctuations of oil price that affect the NSE.
NSE, most times responds to a sustained drop in price. As foreign earnings drops, the effect will be visible on our foreign reserve.. Anything below N30 billion dollar in reserve will most probably have an effect on exchange rates and almost every other things.
Having said this, I think the dynamics of NSE have changed in recent years. We have more local players than foreign which is a major factor on how the market now responds to external shock.

YoungBuffet:



Bro let me shed little light on this, our current budget is pegged at $75pb so if oil tank to let say 60$pb and was sustained for long time like 6months then then FG will have deficit in the current fiscal year and if it tank further more heat for government to embark on more borrowing to meet up with their fiscal responsibilities. Now as regards it effects on NSE it will not be felt if the price didn't go down well like 50-30$pb and when price gets to that level NSE will feel it irrespective of N3 paid by zenith Bank. How? Now most tier one banks gave out loans to oil and gas industry based on the fact that oil prices would be stable and if oil goes down well and stay there for a while then fears of NPLs hit the market especially the banking sector then investors start selling as it happened before I think around 2016. Part of oil and gas loans is affecting FBN till date, UBA has given loan to TE for his oil well and transcourp oil well then when oil tank proper and stays there for some time then fears of getting money back set in. Another case is Oando that got massive loans to buy ConocoPhillips assets thinking oil price will continue uptrend but tanked and the price has not gotten to that level again when they took the loans. Another aspect is FPIs, if oil revenue dropped there will not be dollars for them to repatriate their gains cos as they come in they are also wants to be sure they can repatriate their gains back and they know is only oil that we have as major source of our revenue so as it drops it sends red flags to them. So forget about N3 dividend when everything scatter no one cares about they dividend again except we of small money. Oil will tank I still maintain my stand on this. China data is weak as regards their economy so the demand from them is low Saudi cut production yet Brent is struggling hard to rise now if US lift sanction on Iran to sell their crude then SS outweighs DD forcing price to go down. My own level is $45-40 before it rise back

locodemy:
How would market respond to Emefiele sack on Tuesday next week?

Positive or negative or neutral......??

Saviourplease:
Thanks to all the contributors here.

In 2020, I stumbled upon this thread shortly after my NYSC

Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'.

Well done guys!!!

sgtponzihater1:


Anyone who tells you they know would just be gambling. The market has a mind of its own...

ositadima1:


I doubt that the USA wants to crash the price of crude oil. If they did, they would have taken that approach to hurt Russia and Iran. The USA is also the largest crude oil producer in the world.

Regarding Iran's crude oil production, Iran exports crude oil to China, rebranding it as crude from other countries to evade sanctions. This is why, despite the sanctions, Iran is still doing very well. I heard that they unveiled their own supersonic missile last week.

locodemy:
How would market respond to Emefiele sack on Tuesday next week?

Positive or negative or neutral......??

yMcy56:

- Positive from the look of things......
- Many were happy and felt relieved that Emefiele was suspended..... he should just go home from there.
- He has caused a lot of hardship and pains on Nigerians with his anti-people policies.....and, especially with his failed presidential ambition, which he took out on Nigerians.
- News even carried it that he has been arrested by DSS.
- In all, Mr. Market has a mind of his own......but generally, people felt its justice well deserved.

https://www.nairaland.com/7722497/dss-confirms-godwin-emefieles-arrest
https://www.nairaland.com/7722316/emefiele-flown-lagos-abuja-arrested
https://www.nairaland.com/7722670/dss-files-terrorism-charges-against

yMcy56:

- Positive from the look of things......
- Many were happy and felt relieved that Emefiele was suspended..... he should just go home from there.
- He has caused a lot of hardship and pains on Nigerians with his anti-people policies.....and, especially with his failed presidential ambition, which he took out on Nigerians.
- News even carried it that he has been arrested by DSS.
- In all, Mr. Market has a mind of his own......but generally, people felt its justice well deserved.

https://www.nairaland.com/7722497/dss-confirms-godwin-emefieles-arrest
https://www.nairaland.com/7722316/emefiele-flown-lagos-abuja-arrested
https://www.nairaland.com/7722670/dss-files-terrorism-charges-against

locodemy:

To me the market will he neutral until the naira and fx policies are put in place.
Why did naira slightly crashed because of Emefiele sack?

emmanuelewumi:
NNPC MD suspended.


People who are part of the subsidy fraud can't be part of the solutions.