₦airaland Forum

vulpeslopez:
@ pionner195......Try Oando,Daar communication and dunlop.......*no need to do due diligence,I don do am for u*invest all ur money and thank me later.

currentprice:
brother be careful of what you post here,,,, no be play we day play here.... better you shine your teeth and move on if you don't know what to say than misleading newbies

PETERiCHY:
[Low prices are crushing Canada's oil sands industry. Shell's the latest casualty. - Vox] is good,have a look at it! http://www.vox.com/2015/10/28/9631410/oil-sands-prices-shell

ihedioramma:
yes this one is ok . stop making it long .

PETERiCHY:
FBNH tops the list with about N46.6 billion representing a 249% rise in impairment charge year on year.

In fact, their impairment charge alone accounts for about half of what the Tier 1 banks incurred combined.

UBA and Zenith also saw impairments rise 103% and 99% respectively. Apart from Tier 1 banks we also observed that some Tier 2 banks equally recorded significant growth in impairment charges.

Ecobank for example took a charge of N34.6 billion (2014: N23.4b) whilst Diamond Bank took a charge of N19.4 billion (2014: N14.6billion and Skye Bank N6.4 billion (2014: N7.5billion).

Bad bad loans
Industry sources inform Nairametrics that the loans could actually be higher than currently stated as most banks are yet to understand the full recoverable value of their loans.

For example, some of the loans given to Oil and Gas companies are not being adequately serviced with many falling behind on loan repayment obligations.

Some Banks may also have been creative by restructuring those loans into longer term loans thus deferring the evil day.
The results of other non-financial institutions also buttresses this view. Cash balances of most consumer goods and oil and gas companies are wearing thin, with many of them running on overdrafts to stay liquid.

[http://nairametrics.com/5-top-nigerian-banks-report-142-increase-in-loan-loss-charges-now-n81-8-billion/]

vulpeslopez:
I really get pissed when ppl just come online and say “I want to buy stocks what should I
Buy” or “I have 100million wat business should I invest in” and oga currentprice,I don't come here to play or shine teeth....Investing is a serious business and I take business serious.....no newbie should come and ask for where to invest their hard earned money,If oga Pioneer had taken the time to read @least d last 50pages he won't have to ask which shares to buy.

PETERiCHY:
[Low prices are crushing Canada's oil sands industry. Shell's the latest casualty. - Vox] is good,have a look at it! http://www.vox.com/2015/10/28/9631410/oil-sands-prices-shell

ihedioramma:
Myjoy084 good day .are you not my brother any more? forget the past come out lets go on thats business .many of them that is calling you any thing they like have stocks with japaul oil,daar,bank phb,afribank e.t.c if they think they are good more than you why cant they sell befor the stocks die or are the told them to buy it that time? oando have not die just want to drop some people, oando is going hi okomu oil and fo is example .

Agbalowomeri:
Chai na so una carry mouth drive fbnh towards 4. There is God oooooooooo

PETERiCHY:
Oga Myjoy. I bet you can't be more optimistic than me but atimes when have to read between the lines and separate realities from dreams.

Presently there is nothing good about the Nigeria economy, everything is simply being stage managed.

I live & work in Dubai and from the look of things i smell another Naira devaluation.

God's bears me witness that the money I remitted back home last Sunday was at the rate of #61naira per 1diahram while before the 1st Naira devaluation last year Nov. The exchange rate used to be #43naira per diahram.

In other words I see AGRICULTURE as the way forward for Nigerians. As per NSE you are on your own for now.

OBAGADAFFI:
Oando is finaly geting bids after three days apathy .

9free:
Gadaffi, abeg where the bids?

PETERiCHY:
[http://dailytrust.com.ng/news/business/19m-barrels-nigerian-crude-struggling-to-find-buyers/116881.html]

[http://www.vanguardngr.com/2015/10/fg-downgrades-economic-growth-projections-to-2-6/]

[http://www.thisdaylive.com/articles/fg-states-lgs-share-n390bn-as-revenue-drops-further/224068/]

The problem with most people on forum is that they careless about RED FLAPS @ the end of the day they start looking for who to blame. (MAD)

manie:
I gave instruction for the purchase of FBN when it gets to N5.00. If FBN touches N4.00, I may consider selling one of my cars, sell a plot of land and even get a loan to buy more.