malcom2x:
please who knows any Nigerian bank that still allows the use of their debit card (Mastercard, visa or verse) for an online payments? or probably any trusted binary broker in Nigeria?

megainvest:
When everybody is bullish about a stock, it is probably time to start being bearish. After result & dividend declaration, I may be selling my UCAP.

I repeat what I have said before: 2016 was an exceptional year for UCAP. I may not be right but this is my honest opinion. Many people here already know my stand with UCAP So no beef.

leparj:
Oga Loco. U just d every bus(fcmb, sterlin, diamond,etc) d chop d go but as a sharp man i know say yr eye too follow d on the big elephant presently lying on d floor

PharmAlfred:
Sterling Bank will break forth soon. do your DD and and join the coastal bus. It is almost full. Volume was so high today.

It looks like banks are going to turn the corner this yeat

leparj:
Noted. It wud be an opportunity to load more. FBNH may not be movin now like some bankin stocks(fcmb, diamond,etc) but sometin deep down in my guts tells me fbnh is the real goldmine. D day it finally tks off n starts movin whoever did not tk advantage of dis golden opportunity(from N3 till now) wud be biting his fingers n gnashin his teeth!

fxuser:


200dma has flattened out
50 dma is approaching 200dma (golden cross formation loading)

Godisfaithful:


Sir, only GTBank and Access allow the usage of their card. $100 limit/monthly.

courage89:


I think UCAP still have more room to climb. Their investment banking business should benefit immensely from the 2.3 trillion naira fund that government is about to raise to fund deficit. The investment banking business should also benefit from raising money for a lot of private companies (banks and others) that need to shore up their balance sheets. Their asset management business should do well in the short and long term as well. When you have have over 40 billion naira under management, the management fees alone is enough contribution to their bottom line.

ukay2:
Nawaooo....the way myjoy (Godisfaithful ) de carry negative news these days like oga Peterooo.........na because of your dollar business with your abokI friends ?

I think you will do well if you open a new thread with NAIRA DOLLAR ABOKI THREAD ALERT....lol

...We are still in NSEPA......BNSITL

ukay2:
Nawaooo....the way myjoy (Godisfaithful ) de carry negative news these days like oga Peterooo.........na because of your dollar business with your abokI friends ?

I think you will do well if you open a new thread with NAIRA DOLLAR ABOKI THREAD ALERT....lol

...We are still in NSEPA......BNSITL

lancee:



My08joy dey chop dolapo at the moment , maybe by th time naira comes down to 350 he will come back fully into the forum with positive news

Manonamission:


Here you go:
http://af.reuters.com/article/investingNews/idAFKBN14W1C0

"LAGOS (Reuters) - Nigeria's stock exchange NSE is working "very closely" with South African cell operator MTN on a listing of its shares this year, the head of the bourse said on Thursday.

"The pressure on MTN has never been higher to list," NSE Chief Executive Oscar Onyema told a business conference. "There's a project team working with them."

He also said local airline Med-View would list its shares on January 30

(Reporting by Chijioke Ohuocha; writing by Ulf Laessing; editing by Jason Neely)"


Not a recommendation to buy

locodemy:


If you give the elephant glucose,it will help it to get up quicker.

ukay2:
Nawaooo....the way myjoy (Godisfaithful ) de carry negative news these days like oga Peterooo.........na because of your dollar business with your abokI friends ?

I think you will do well if you open a new thread with NAIRA DOLLAR ABOKI THREAD ALERT....lol

...We are still in NSEPA......BNSITL

ukay2:
Nawaooo....the way myjoy (Godisfaithful ) de carry negative news these days like oga Peterooo.........na because of your dollar business with your abokI friends ?

I think you will do well if you open a new thread with NAIRA DOLLAR ABOKI THREAD ALERT....lol

...We are still in NSEPA......BNSITL

feelamong:
http://nairametrics.com/egypt-shows-just-how-bad-a-free-float-can-be-after-years-of-currency-pegs/?utm_source=&utm_medium=twitter


For those asking for Free Float...Egypt is a good example

Nevee:

It was 2 months sir. Can I have any of your contact details to submit other information. Nairaland isn't allowing me send pms. Here is mine- opetimi09@gmail.com. Thanks in anticipation Boss.

735i:
I hail the house...
So I recently came across some money and I want to jijo between now and end of February... unfortunately...I haven't really been following the market so I need tips...abeg...make una help una boy...I do want to be tempted to PH

holm:
http://www.businessdayonline.com/big-banks-outperform-small-ones-sector-differentiation-emerges/

holm:
http://www.businessdayonline.com/big-banks-outperform-small-ones-sector-differentiation-emerges/

joseph1013:


There is so much misinformation in this post. I'm not surprised it was written by Chacha Wabara. She should stick to her legal profession, and not form expert economist.

The first lesson when floating a currency is that anything other than a COMPLETE float is destined to fail. When policy makers fiddle with the exchange rate, black-market activity inevitably surges, as Nigeria’s experiment with a free-float attests. It can also be costly. Russia spent about $90 billion defending the ruble against short-sellers in 2014 before ultimately giving up in November that year.

Just look at Argentina. President Mauricio Macri removed a crawling peg on the peso on Dec. 17, 2015. The move was part of an economic overhaul aimed at luring investment and jump-starting an economy suffering from anaemic growth and a shortage of dollars.

Was it effective? While the currency slid 27 percent on its first day of freedom, the depreciation since then has slowed and inflation is showing signs of easing. The peso’s three-month historical volatility has fallen to among the lowest in Latin America. Investors showed their renewed confidence in the country last year by mopping up a record $33 billion of international bond sales, while the use of black-market exchanges by locals, a widespread practice before the free float, has become less common.

What about Russia? Russian Central Bank Governor Elvira Nabiullina abandoned currency interventions in November 2014 as the country grappled with sanctions and a slump in the price of oil, its main export. The ruble, which rebounded last year, is still down about 32 percent since then.

Was it effective? Two years on, implied three-month ruble volatility has fallen to levels last seen before the free-float, inflation expectations are coming down, net capital outflows have slowed and Nabiullina has been lauded as Europe’s most-orthodox central banker. What’s more, households have lost interest in currency swings and are keeping 60 percent of their savings in rubles, according to a poll released in August.

LESSON: Don't do a half-hearted float like Nigeria's and expect it not to fail. Also, don't do it too late. In Nigeria's case, it's probably too late. Buhari and his goons have so much destroyed the economy that things will only get worse unless Oil goes to above $50 levels and the Niger Delta militants do not 'show him pepper'.

locodemy:


This post is irrelevant to me because we are no longer in 2016.it is only for record purposes.Today is 18th January,2017.can you calculate the percentage profit of these smaller banks in just 18 days?

fcmb,fidelity,diamond,sterling banks.

what is the comparism with the big banks as at today in terms of profit?

Almost all the Tier2 banks will deliver 100% this year and Tier1 may find it difficult to deliver 50% except Acess,Uba and Fbn which i am sure will spring surprises.

holm:


I didn't know post must pass thru a Locodemy test, to be fit for NSEMPA. We learn everyday

holm:


I didn't know post must pass thru a Locodemy test, to be fit for NSEMPA. We learn everyday

locodemy: