DOLLARTEX:
https://nairametrics.com/2019/06/11/boom-cbn-just-reported-it-has-floated-the-naira/

lancee:
https://abokifx.com/news/nigeria-s-naira-is-free-floating-so-says-the-central-bank-bloomberg-quint


The CBN signaled it will allow the naira to weaken pass its official rate as it gradually unwinds its regime of multiple exchange rates ..They are referring to 305. Naira here



Think Multiple exchange rates to be eradicated

onegentleguy:
https://nairametrics.com/2019/06/11/nigeria-spends-50-of-revenue-on-debt-servicing-afdb/

onegentleguy:


It's sure going to be a positive for the market !!

Expect the already reducing outflows to abate further, while inflows increase. Personally, I already thought the CBN would tour this path, after the 50bps decrease in rates. ...a more relaxed stance to stem the import to export gap of capital, and act as a confidence stimulator for an already weak economy.
This would come with mixed feelings though.
On hind sight, its possible the CBN may have also decided to collapse the several fx window rate and realign with a single rate regime because of fears over the mid to long term positive prospect of oil price, a widening debt to GDP ratio compared to tax/revenue receipt, and the increasing disconnect between the fiscal, economic and real side of the economy. ...which if left unchecked, would likely take us back to another recession. The CBN is probably looking to put measures in place that would re-align(albiet literary) the probability of occurrence towards zero than 1.

We called for this move long ago. Some of our assertions then are beginning to manifest themselves.
Imagine if we had floated the currency when we ought to, I dare say we wouldn't have gone into a recession(which we are even still living in its shadow)
We have a bunch of clueless managers steering the Nigerian state.

While this move is a welcome development, its NOT enough !!
For it translate to growth and better reflect on the larger economy(which by the way, should be the key aim), the FG needs to completely deregulate the downstream oil & gas sector, beef up our revenue drive and allow for a more robust capex spend. ...otherwise real growth will likely continue to be snail pace.
But of course, our leaders won't want to... u will get the clue when u look @ the make up of the recently accented 2019 budget.

Well, at least this is a POSITIVE for the NSE.
Coming @ a time when the CBN seem to be borrowing less via T-Bill's & bonds(the next PMA slated for June 13th is expected to be ~34% less float compared to the one before it) and on the back of decreasing rates, u do not require the service of soothsayer to tell u where the balance of excess liquidity will most likely be channelled to.
On a side note, some coys will benefit more from this move.
I love them BANKS and a few select coys !!
There are also a few coys to avoid and some to include on a watch list.

It is well !!

onegentleguy:


Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

ukay2:
Good evening all.

Please anybody with a link on how i can download a good crack version of IBM SPSS software.

I want to install it in my laptop:window7 32bits operating system.......so that i can input and analyse my data.

Am sorry for digressing, but i hope anyone who can help me should please be of help to your forumite


Thanks you all.

bigjay01:


Unlicensed SPSS?

I would rather download and use PSPP which is open source

DOLLARTEX:
https://nairametrics.com/2019/06/11/boom-cbn-just-reported-it-has-floated-the-naira/

onegentleguy:


It's sure going to be a positive for the market !!

Expect the already reducing outflows to abate further, while inflows increase. Personally, I already thought the CBN would tour this path, after the 50bps decrease in rates. ...a more relaxed stance to stem the import to export gap of capital, and act as a confidence stimulator for an already weak economy.
This would come with mixed feelings though.
On hind sight, its possible the CBN may have also decided to collapse the several fx window rate and realign with a single rate regime because of fears over the mid to long term positive prospect of oil price, a widening debt to GDP ratio compared to tax/revenue receipt, and the increasing disconnect between the fiscal, economic and real side of the economy. ...which if left unchecked, would likely take us back to another recession. The CBN is probably looking to put measures in place that would re-align(albiet literary) the probability of occurrence towards zero than 1.

We called for this move long ago. Some of our assertions then are beginning to manifest themselves.
Imagine if we had floated the currency when we ought to, I dare say we wouldn't have gone into a recession(which we are even still living in its shadow)
We have a bunch of clueless managers steering the Nigerian state.

While this move is a welcome development, its NOT enough !!
For it translate to growth and better reflect on the larger economy(which by the way, should be the key aim), the FG needs to completely deregulate the downstream oil & gas sector, beef up our revenue drive and allow for a more robust capex spend. ...otherwise real growth will likely continue to be snail pace.
But of course, our leaders won't want to... u will get the clue when u look @ the make up of the recently accented 2019 budget.

Well, at least this is a POSITIVE for the NSE.
Coming @ a time when the CBN seem to be borrowing less via T-Bill's & bonds(the next PMA slated for June 13th is expected to be ~34% less float compared to the one before it) and on the back of decreasing rates, u do not require the service of a soothsayer to tell u where the balance of excess liquidity will most likely be channelled to.
On a side note, some coys will benefit more from this move.
I love them BANKS and a few select coys !!
There are also a few coys to avoid and some to include on a watch list.

It is well !!

Chibuking81:

In the near future, it will be a win win solution to our economy as far as crude oil price remain 60 dollar and above with good supply of barrels of crude per a day. How I wish that the stock price will remain temporary at their current price between now and December for one to invest more in good and profitable companies. I have said it earlier that bear will start this year, while bull will end it, also the bull will carry on into next year, which we have witness the first face been that of bear, and next face to witness will be that of the bull, which will come up, on or before December this year.

onegentleguy:


Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

Chibuking81:

You just mentioned NSE poverty bulldozer, if you are still poor in this forum and you are not lazy but hard working and you have money in your hand. Look for above mentioned stock and fix your money for at least 9 months. Between now and next 9 months get ready to add value to your worth, those in poverty line with that the invested, the will live poverty stage, at least to average stage, thousandnaire will become millionaire, millionaire to multimillionaire/ billionaire, because almost all the mentioned stocks will give you bonus of more than #1 for every #1 you invested on their current price, on or before next 9 months.

We are in bonanza period, soon we shall be moving to money transformation period as well known as bonus period.
Bonanza to Bonus

tritritri:


So we shd not buy now...We should come back in 9mth to come and buy 1 for every 1.? abi am wrong ?

Chibuking81:

Read the post well

tritritri:


Ur last prophecy we knw wat happened..
Na this same over confidence make locodemy load transcorp .

onegentleguy:


Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

Chibuking81:

ACCESS, FCMB, FIDELITY, UBA, ZENITH and GTB, you just mentioned are NSE poverty bulldozer, money making/minting machine . If you are still poor in this forum and you are not lazy but hard working and you have money in your hand. Look for above mentioned stock and fix your money now and leave it for at least 9 months. You can as well be making your monthly contribution on them, at this their give away price.

Between now and next 9 months get ready to add value to your worth, those in poor stage, with that they have invested, they will leave poor line at least to average stage, thousandnaire will become millionaire, millionaire to multimillionaire/ billionaire, because almost all the mentioned stocks will give you bonus of more than #1 for every #1 you invested on their current price, on or before next 9 months. Meaning almost all the mention stocks will rise to above 100% from their current price.

We are in bonanza period, soon we shall be moving to money transformation period as well known as bonus period.
Bonanza to Bonus

tritritri:


Ur last prophecy we knw wat happened..
Na this same over confidence make locodemy load transcorp .

Chibuking81:


God is alive, he gave us knowledge wisdom and understanding and he also talk through us.
As far as I live on this planet earth , I guided my action and thought not to mislead anyone, or talk to favor anyone, I stand on truth. If you are doing well I will say it, likewise if you stop doing well I will also say it.

Those who said the truth received stone throw, while the truth live on, and they are been remember by their truth.
From Chibuking.

rebekah2011:
certain government transactions are still being done at N306. a number of transactions have shifted to N360. Petrol imports by NNPC is one of this transaction. the effect will likely see an increase in the pump price of petrol. the interventions by CBN sometimes is confusing. it is not that CBN intervenes to give dollars at N306. it is still being exchanged at N360 that investors brought the dollars into the country. unless the interventions are being done to favour the friends of this government.

Yayira:
Please I need a website where I can get price list.. don’t know why capital assets website is not opening..

stcool:


They can delay it, but no matter how long a free float is the only sustainable way forward and the Naira will fall to the dollar. My projection is around N440-500

How will the FG meet up with the increased national minimum wage, debt servicing and the same time meet capital expenditure?

We dey wait...Denial is the first stage by CBN and expect that this week.

stcool:
https://www.bloomberg.com/news/artoicles/2019-06-11/nigeria-central-bank-says-naira-exchange-rate-is-market-driven

For those saying Nairametrics is garbage news

Meanwhile crude oil is not likely to stay above $50 in the long run. It keeps going down