Announcing the Zenith Money Market Fund.
Initial public offer opening from the 25th of September to the 13th of October.

OUTCOME OF MPC MEETING sent to me by Morgan Capital Group.

Despite a sustained moderations in the inflation rate, recent increase in the global crude oil price to its All year high of $58 per barrel,and recent exit of the country from recession, the Monetary Policy Committee (MPC) maintain a status quo to ensure both internal and external stability in the economy at its bi-monthly Meeting which held between Monday, 25th September and 26th September 2017.

Below are details of key ratios:

The Monetary Policy Rate remains 14% with the asymmetric corridor at +200bps and -500bps around the rate.

The Cash Reserve Ratio (CRR) at 22.5%

The Liquidity ration at 30%.

The committee's decision was widely expected as depicted by a Bloomberg poll wherein only 2 analysts out of 19 had expected a rate cut.

BREAKING: As Expected, CBN Retains Benchmark Rates at 14%
https://www.businesspost.ng/2017/09/26/breaking-expected-cbn-retains-benchmark-rates-14/

Panic as CBN Probes Bank MDs, Directors over Huge Non-Performing Loans
https://www.businesspost.ng/2017/09/26/panic-cbn-probes-bank-mds-directors-huge-non-performing-loans/

Hello house.Please can anyone help with valid contact details for globalasset stockbrokers that are on investment house in broad street.the numbers on their website isn't functional.thanks

CBN is not serious if this news is anything to go by. Investigating bank MDs, How come are there no mechanism in place to discover this? They just want us to hear news and discuss it like that.

Panic as CBN Probes Bank MDs, Directors over Huge Non-Performing Loans
https://www.businesspost.ng/2017/09/26/panic-cbn-probes-bank-mds-directors-huge-non-performing-loans/[/quote]

leo1234:


Let me see how this week will be. I am observing, it's as if it will move. If it goes down further, I wait for dividend next year.

Hope you are following ?

ihedioramma:
Hope you are following ?

Yes.

Another Economic Crisis Looms over CBN “Reckless Funding of FG”
https://www.businesspost.ng/2017/09/26/another-economic-crisis-looms-cbn-reckless-funding-fg/

dipoolowoo:
Another Economic Crisis Looms over CBN “Reckless Funding of FG”
https://www.businesspost.ng/2017/09/26/another-economic-crisis-looms-cbn-reckless-funding-fg/

If there's any truth in this report, then the Mother of all future crisis is loading...

dipoolowoo:
Another Economic Crisis Looms over CBN “Reckless Funding of FG”
https://www.businesspost.ng/2017/09/26/another-economic-crisis-looms-cbn-reckless-funding-fg/

An extract from the write up states....

The coexistence of high interest rate and growth in money supply are unnatural. Indeed, it generates a contradiction or inconsistency problem. Strong growth in money supply in all countries that adopted quantitative easing pushed down interest rates almost to zero,”

Clueless Emefiele...

DonDiego:


If there's any truth in this report, then the Mother of all future crisis is loading...

Exactly why i advise everyone to hedge against Naira assets! Make sure you have diversified your investments and earnings from only NAIRA!

I learnt some bitter lessons from the last devaluation and vowed never to be caught off guards again..

All Emefiele has been doing is Quantitative easing,..... which in lame man terms is PRINTING MORE MONEY FOR THE FG.

If the Price of Oil does not get to $80 in the medium term... we are doomed!

be warned!!

Intendy:
Announcing the Zenith Money Market Fund.
Initial public offer opening from the 25th of September to the 13th of October.

This is coming late, ARM and Stanbic are miles ahead here.

Coolcash1:


An extract from the write up states....

The coexistence of high interest rate and growth in money supply are unnatural. Indeed, it generates a contradiction or inconsistency problem. Strong growth in money supply in all countries that adopted quantitative easing pushed down interest rates almost to zero,”

Clueless Emefiele...

The Clueless ones deliberately retained Emefilele.

They will have removed Emefiele, if he has opposed their plans.

OBAGADAFFI:


The Clueless ones deliberately retained Emefilele.

The will have reomoved Emefiele, if he has opposed their plans.

No I disagree. PMB is keeping him because he's afraid of an intelligent, smart, savvy, vocal and egg-head economist as CBN governor... Emefiele is just a puppet!

Coolcash1:


No I disagree. PMB is keeping him because he's afraid of an intelligent, smart, savvy, vocal and egg-head economist as CBN governor... Emefiele is just a puppet!

We are saying the same thing.

Why will PMB be afraid of an intelligent, smart, savvy, vocal and egg-head economist as CBN governor.

PMB is more Clueless here.

Sorry for the typos.

Ci Leasing

- still on strong DD

FCMB & Diamond
- both opened at same price (N1.10) um

Zenith
- support still holds at N22 !
-

abeg oga intend, how do you think this affect their share price? +ve or -ve

Intendy:
http://feeds.reuters.com/~r/reuters/AfricaNigeriaNews/~3/IFQ2BUcyOGI/idAFFWN1M8041

Najm:
Hello house.Please can anyone help with valid contact details for globalasset stockbrokers that are on investment house in broad street.the numbers on their website isn't functional.thanks

...anyone...Please??

Reps Order SEC to Complete Oando Probe in 2 Weeks
https://www.businesspost.ng/2017/09/27/reps-order-sec-complete-oando-probe-2-weeks/

Bukar Now Chairs Senate Committee on Capital Market
https://www.businesspost.ng/2017/09/27/bukar-now-chairs-senate-committee-capital-market/

people no even wan sell 2day only 110k supply

GTBank Board Meets October 18 to Review Q3 Earnings
https://www.businesspost.ng/2017/09/27/gtbank-board-meets-october-18-review-q3-earnings/

Nigeria’s Multiple-Forex Regime Unsustainable—BMI Research
**FX Liquidity Will Boost Investor Sentiment
https://www.businesspost.ng/2017/09/27/nigerias-multiple-forex-regime-unsustainable-bmi-research/

dipoolowoo:
Reps Order SEC to Complete Oando Probe in 2 Weeks
https://www.businesspost.ng/2017/09/27/reps-order-sec-complete-oando-probe-2-weeks/

Bukar Now Chairs Senate Committee on Capital Market
https://www.businesspost.ng/2017/09/27/bukar-now-chairs-senate-committee-capital-market/

laugh in swahili

wale wld b shiting in his pants now

the war continues via several fronts and proxies

National Assembly to assume jurisdiction on private business affairs hmmmmm (how more dirty can this go)

wale is sure to lose this round

the WAR PRIZE == Oando oil wells (more juicy with oil price at recent all time highs and looking set to break new highs in months ahead)

Senate capital market chair -- katsina ; mangal katsina hmmmmmm

wale ass is on fire

lol

robobo:


laugh in swahili

wale wld b shiting in his pants now

the war continues via several fronts and proxies

National Assembly to assume jurisdiction on private business affairs hmmmmm (how more dirty can this go)

wale is sure to lose this round

the WAR PRIZE == Oando oil wells (more juicy with oil price at recent all time highs and looking set to break new highs in months ahead)

Senate capital market chair -- katsina ; mangal katsina hmmmmmm

wale ass is on fire

lol

You can't be sure

Bukar Now Chairs Senate Committee on Capital Market
https://www.businesspost.ng/2017/09/27/bukar-now-chairs-senate-committee-capital-market/[/quote]

So what credentials qualify him to chair Capital market committee for effective results? Water board/politics? Square peg in round hole? Will like to know else Naija things always upside down!

Manonamission:


You can't be sure

My Oga

definitely im not sure. jst permutating info in public arena.

its in my interest he does not lose though i wld want him severely shaken


smile

robobo:



My Oga

definitely im not sure. jst permutating info in public arena.

its in my interest he does not lose though i wld want him severely shaken


smile

I'm actually more interested in an outcome that would favour the minority shareholders. I'm not sure which outcome favours them either Wale loses or wins? At the same time, I am disappointed in his contenders. They don't seem to have done their DD properly hence the reason it was easy for SEC to arrive at the decision to allow the AGM hold. More like their arguments didn't hold on technical grounds. Mangal acquired shares surreptitiously thereby flouting a rule (don't know which now). Wale claims he should have declared it and then demanded for accounts clarification if he needed one. The other guy just be like the rest of us now. Na container of shares him carry but them no sabi am for the company

In all, it's a good development for us all. More revelations of dealings expected in the coming weeks.

Disclaimer: I don't own Oando shares