adeyiga3:
can u pls help me with the link cos searching with blackberry is so not helping tanks

Tjohn1:
seems everyone is buying Transcorp....whats happening thereoh...@myjoy any news

9free:

Am not buying....... Waiting for UBA @N1.50k

taiwoliu:
here u go https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/777 but I'll suggest u go a few pages back so u can understand wht led to page 777(is a number, Oluwashina *in Oga Moneysage voice*) all d best

taiwoliu:
wch do u tink has a better recovery skill: UBA or FBNH?

taiwoliu:
Just to cool frayed nerves caused by d raging bear..
************LAFFS************
THIS IS STOCK MARKET AND 419.
There was a time in my village, a man appeared and announced to the villagers that he would buy monkeys for N5,000. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at N5,000 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at N8,000. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to N20,000 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!. The man then announced that he would buy monkeys at N100,000!. However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers; Look at all these monkeys in the big cage that the man has collected. I will sell them to you at N75,000 and when the man returns from the city, you can sell it to him for N100,000." The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!. Welcome to

bigass:
Will this bear ever end. ayam tayad

Michael11stock:
i just boarded Access who is with me?

ucheson2:
u r oyo

Michael11stock:
i just boarded Access who is with me?

9free:

FBNH. In fact, no bank(Excluding GTB and Stanbic) moves except FBNH moves.

angelo82:


Boarding at this junction means you are the luckiest man..............I am on board too..............

Michael11stock:
welcome on board pls fasten your seat belt

myjoy08:
Don't be greedy when you make some money in Oxygen. Don't be emotionally carried away. Greed is somehow dangerous. Best of luck!

Parable of the ten virgins!

PETERiCHY:
http://nairametrics.com/analysis-has-the-cbn-lost-its-independence/

[ANALYSIS] Has The CBN Lost its Independence? | NAIRAMETRICS

Meanwhile black market dealers are selling the dollar at near N225 never mind Emefiele’s moves to eliminate them by cutting trees.

In basic economics when a good becomes scarce, the price must adjust higher to reduce demand and force substitutes.

The CBN has refused to adjust the naira currency, even when the price of oil has plummeted therefore reducing the availability of dollars in Nigeria.

It has also made matters worse by limiting the ability of ordinary Nigerians to freely operate their dollar denominated accounts. In effect creeping capital controls

Analysts are now calling for further fall in oil prices to perhaps test the $30 mark.

Nigeria’s currency the Naira has historically tracked the global oil price.

The CBN must know that it is fighting a war it cannot win against global headwinds (strong dollar, weak Chinese growth) that have affected all EM currencies from the South African Rand to the Brazilian Real.

Markets must be made to believe that when the CBN speaks it has a coherent credible agenda, devoid of political interference.


Investors are now paying the price, at the end of the day CBN will have no choice than to devalue the NAIRA.

PETERiCHY:
Nigerian central bank Governor Godwin Emefiele is losing the battle to prevent the naira from going the way of other oil-dependent currencies.
After imposing trading restrictions in February to prevent dollars from fleeing the economy, importers have been unable to pay suppliers, a thriving black market has sprung up in foreign banknotes and teachers have gone unpaid. The naira has been stable over the past six months since the central bank introduced regulations to halt a 20 percent decline in the currency in the 12 months through Feb. 12 to a record low of 206.32 per dollar.
That’s heaping pressure on the authorities to ditch the rules and let the naira weaken alongside Russia’s ruble, Colombia’s peso and Norway’s krone. Forwards prices suggest the currency of Africa’s biggest oil producer will tumble 15 percent within six months and 25 percent over the next year.
“Their currency is still very overvalued and so they’re going to remain under pressure to allow it to depreciate,” said Gareth Brickman, an analyst at Stamford, Connecticut-based ETM Analytics. The central bank has fought depreciation “tooth and nail, every step of the way,” he said.
Emefiele, 54, has said the exchange rate is “appropriate” and argues that allowing it to weaken would stoke inflation in a country that imports almost all its manufactured goods. The strong currency and a scarcity of dollars are hurting growth, which the International Monetary Fund estimates will be 4.8 percent in 2015, less than half the average over the past decade.
Traders are speculating Emefiele will have to change tack and abandon efforts to crack down on speculators. He bolstered the rules after a strategy of burning through foreign reserves failed to stop the naira sliding to a record 206.32 per dollar on Feb. 12.
Devaluation Forecasts
ETM’s Brickman predicts the central bank will be forced to devalue the currency by about 10 percent by year-end to 220 per dollar, from 199.05 at the market close in Lagos on Monday.
Currency trading has “dropped dramatically” under the new rules, said Craig Thompson, a broker at Nyon, Switzerland-based Continental Capital Markets SA. “It’s a fraction of what used to go through.”
The trading curbs, together with the more than 50 percent drop in oil prices since mid-2014, are weighing heavily on Nigeria, which relies on crude for almost all its foreign earnings. Banks are increasingly wary of lending to individuals and Nigeria’s main stock index has dropped 16 percent since the start of April, matching the decline in the whole of 2014.
Ibrahim Mu’azu, a spokesman for Nigeria’s central bank, defended its currency policy and said authorities would meet companies’ legitimate demand for foreign exchange.
Scrapping the rules is all but inevitable to many traders, making a weaker naira an obvious bet.
Standard Chartered Plc, which gets more than half its revenue from emerging markets, predicts a decline to 222 by year-end, while Goldman Sachs Group Inc. sees it falling to about 230. Forward prices compiled by Bloomberg signal levels of 228.15 in six months and 248.5 in a year.
Emefiele, a former chief executive officer of Zenith Bank Plc -- Nigeria’s second-biggest lender by market value -- isn’t the only African policy maker trying to protect his currency against the drop in oil.
Angola’s kwanza, which has slumped 23 percent in the past year, has been little changed this month as the nation props up the exchange rate by spending reserves.
As with the naira, that’s just storing up losses for the future, said John Ashbourne, an Africa economist at London-based advisory firm Capital Economics Ltd.
He sees the naira falling as much as 8 percent to 210-215 per dollar and the kwanza losing up to 15 percent of its value by year-end. China’s yuan devaluation this month has increased pressure on their central banks to devalue, Ashbourne said.
“The currencies were both too strong before,” he said. “They’re still too strong.”


http://www.bloomberg.com/news/articles/2015-08-17/pressure-building-on-nigeria-as-naira-out-of-step-with-oil-peers

A STITCH IN TIME SAVES NINE

adeyiga3:
tanks bro maybe u can drop ur pin let's get to chat pls

bigass:
Gtbank is my target. I pray it gets to 14 Naira

taiwoliu:
Just to cool frayed nerves caused by d raging bear..
************LAFFS************
THIS IS STOCK MARKET AND 419.
There was a time in my village, a man appeared and announced to the villagers that he would buy monkeys for N5,000. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at N5,000 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at N8,000. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to N20,000 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!. The man then announced that he would buy monkeys at N100,000!. However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers; Look at all these monkeys in the big cage that the man has collected. I will sell them to you at N75,000 and when the man returns from the city, you can sell it to him for N100,000." The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!. Welcome to