Agbalowomeri:
Our circuit breaker should be tripped tomorrow
Enjoying the season film

Veecovee should put this as a prayer point.

Maximum fear.

Technical analysis indicate that the worst is over for oil prices (discounting any more provocative announcements); i hope so!

Godisfaithful:


I’m not surprised lol. Self denial, it is just a matter of time. We are watching as usual

Instead of make world collapse, they will go to war.

US struck a militia group in Iraq. Production must continue.

RabbiDoracle:


If CBN devalues, banks will have more gains due to revaluation of their net forex assets. And you will not see any effect.

It is in April that the major stimulus will come when some EU states and Japan declare technical recession. Dem go knock for your house and say come out, take cash and spend

infact, Segun Agbaje of GTB wants the devaluation.

Bomboclad:
Every body just dey talk him own, no problem. All i am waiting for is to buy more Zenith @ N9.8 today....chikena!

Just imagine the level of production that is going on to supply medical services, items.

There is even less supply of these despiteass production.

Shelf are empty and companies are working day and night to produce goods. Yet people are finishing it in EU where is are rush.

Soon everyone go dey alright and the seller will ask why did I even sell do cheap.

Putin needs to pump in excess oil into the market to teach Saudi a lesson.

Bomboclad:
Technical analysis indicate that the worst is over for oil prices (discounting any more provocative announcements); i hope so!

Has Putin said anything?

Dobale and begging has started. When will 9ja and Angola send their own?


https://oilprice.com/Latest-Energy-News/World-News/Venezuela-Looks-To-Play-Mediator-Between-OPEC-And-Russia.html

I wouldn't be surprised if the big hedge funds in America are already talking to Russian insiders to know when they would announce a renegotiation, cos that's all that's needed for the DJI/NSEASI to reverse with a kick and Billions is made.

RabbiDoracle:


Has Putin said anything?

Dobale and begging has started. When will 9ja and Angola send their own?


https://oilprice.com/Latest-Energy-News/World-News/Venezuela-Looks-To-Play-Mediator-Between-OPEC-And-Russia.html

Godisfaithful:


I’m not surprised lol. Self denial, it is just a matter of time. We are watching as usual

Some people will not like this.what will be the next news they will share

Phew!!!
So much pages to cover after repeated system induced bans.
Never seen NSEMPA this busy during a bear bear market.
Tells a lot about the resilience Nigerians are made of.

What a wealth transfer opportunity for all.
My fellow cherry-picking gang I hope you are grabbing enough oh.
Grab your copy while it lasts.

CBN said no to devaluation

aremso:

which account oo pls

Check any of the purchase contract note they mailed it is there

OBAGADAFFI:
CBN said no to devaluation

Really to be fair i dont think devaluation is warranted at this time and if any it shld be quite minimal (5-10%)

From my night school analysis brent had average a price of abt 35 since this crisis erupt which wld mean a loss of 22 from budgeted 57, which is abt 40%, if this is view against the 1.7m production cap in place at 57 it wld mean that to be back at the budgeted equillibrum the country could increase production to 140% of 1.7m which is abt 2.4m. the next question is does the country has capacity for 2.4m bpd, while i am not sure of 2.4 at least by antecedent 2.2. - 2.3 is sure that leaves us at 0.1m short of being back at equillibrum. so the question is; is 0.1m bpd short should warrant devaluation, apparently it does not however given that the fact that the country goodwill in international market seems to be at an all time low then one could probably say some devaluation (5-10%) could cometo play

However if the country goodwill (in international markets) is high the talk of devaluation should not have even came to the table

London Stock Exchange currently 8% up today....hmmm!

RabbiDoracle:


If CBN devalues, banks will have more gains due to revaluation of their net forex assets. And you will not see any effect.

It is in April that the major stimulus will come when some EU states and Japan declare technical recession. Dem go knock for your house and say come out, take cash and spend

Interest rates was slashed in the UK a few days ago back to the rates available during the recession. We have had a close shave with recession two quarters back. Money is cheaper already at these rates, no need to wait till April

Bomboclad:
London Stock Exchange currently 8% up today....hmmm!

Keep your mouth shut.

Don't let the sellers hear you.

robobo:


Really to be fair i dont think devaluation is warranted at this time and if any it shld be quite minimal (5-10%)

From my night school analysis brent had average a price of abt 35 since this crisis erupt which wld mean a loss of 22 from budgeted 57, which is abt 40%, if this is view against the 1.7m production cap in place at 57 it wld mean that to be back at the budgeted equillibrum the country could increase production to 140% of 1.7m which is abt 2.4m. the next question is does the country has capacity for 2.4m bpd, while i am not sure of 2.4 at least by antecedent 2.2. - 2.3 is sure that leaves us at 0.1m short of being back at equillibrum. so the question is; is 0.1m bpd short should warrant devaluation, apparently it does not however given that the fact that the country goodwill in international market seems to be at an all time low then one could probably say some devaluation (5-10%) could cometo play

However if the country goodwill (in international markets) is high the talk of devaluation should not have even came to the table

But our people here have been talking about Devaluation for the past three weeks.

Sorry oh, i forgot!!!

RabbiDoracle:


Keep your mouth shut.

Don't let the sellers hear you.

thesilentone:


Interest rates was slashed in the UK a few days ago back to the rates available during the recession. We have had a close shave with recession two quarters back. Money is cheaper already at these rates, no need to wait till April

You won't understand.

Wait till April and May, BoE will drag you come out and give you money.

I think that is the unprecedented tool Fed and other central bankers have been bragging about.

People will not want to spend if it is low rated loans. So to still spur spending, oya take and go and spend.

robobo:


Really to be fair i dont think devaluation is warranted at this time and if any it shld be quite minimal (5-10%)

From my night school analysis brent had average a price of abt 35 since this crisis erupt which wld mean a loss of 22 from budgeted 57, which is abt 40%, if this is view against the 1.7m production cap in place at 57 it wld mean that to be back at the budgeted equillibrum the country could increase production to 140% of 1.7m which is abt 2.4m. the next question is does the country has capacity for 2.4m bpd, while i am not sure of 2.4 at least by antecedent 2.2. - 2.3 is sure that leaves us at 0.1m short of being back at equillibrum. so the question is; is 0.1m bpd short should warrant devaluation, apparently it does not however given that the fact that the country goodwill in international market seems to be at an all time low then one could probably say some devaluation (5-10%) could cometo play

However if the country goodwill (in international markets) is high the talk of devaluation should not have even came to the table

How can you increase capacity when OPEC wants to cut bone join?

emmanuelewumi:



There was non in 2016

Thanks oga Ema

RabbiDoracle:


You won't understand.

Wait till April and May, BoE will drag you come out and give you money.

I think that is the unprecedented tool Fed and other central bankers have been bragging out.

People will not want to spend if it is loan rated loans. So to still spur spending, oya take and go and spend.

That won't be a bad idea considering WB just got 0% loans plus his HUGE pile of cash. His cash machine will soon to go into overdrive. Coat-tailing is key.

RabbiDoracle:


How can you increase capacity when OPEC wants to cut bone join?

but the news is thsat all man is free to pump as hin like from April 1

RabbiDoracle:


Keep your mouth shut.

Don't let the sellers hear you.

Oga are we to expect 10% 10% rise for long or short term following all the news you people are posting lately?

Godisfaithful:


Correct Oga

Godisfaithful:


My 1st target price again is below $3K and we will see how far it drops or goes up

Looks like this thing is taking an early reverse.

All eyes on Zee today.
We will know if the seller is done or not.....

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

i beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

Yes ..hope zee sellers go give pple N9.80 to buy

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

The seller may pause and benefit from the trillions they want to inject into the financial system and later gain momentum to offload again.

That's why I asked oga Oracle for a clarification

robobo:
I beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

Chai! Human pikin!
So Bonanza from 24 to 10 never do you?
Anyway, today's Bonanza is important to me too.

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

He's done!

robobo:


i beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

Too late bro, door don close ooo...lol

robobo:


i beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

This must be sacarsm