₦airaland Forum

Aks: http://www.punchng.com/business/business-economy/mainstreet-banks-buyer-to-emerge-next-week/

Preferred winner is btw Skye bank and Fidelity

I see skyebank winning this bid

currentprice: okay welcome back my brother. below is the link for another offer.

http://www.thisdaylive.com/articles/niger-delta-exploration-to-raise-450m-through-public-offer/189330/

I have a dream,that one day,Nigerians will have a stable supply of electricity

no wonder lasg rejectd d nano drug

Its normal for them to reject it,no one accept defeat easily

Whats wrong with the Market today, Morgan is telling me The Market as Closed

Diamond Bank on the Move this morning, any news about this Stock?

Pls Sis Mercy and other BNsitl, when is the qualification date for Continsu, Google is not helping at all

and she didn't suffocate?

So Saddnin,bt i think the title used on fp is too harsh "roasted"

chukyjones: there's always a feeling of Joy after entering a bus at the car park, and you suddenly see the bus cruzing at high speed (refering to NEM and ABCTRANS)
am planning to exit NEM at N1 and ABC at N1.20.

Please house, any suggestions/ideas

looks lik we fink alike,i'v placd a sell mandate on my Nem at 1 naira

[quote author=datovid ]Wats d house final take on oando...[/quote]if you are a longtermer,BUY,bt for Short Term,wait till the Mid of Next week

immanuello: What mercylocious says was rightly confirmed.Read ahead below.

PremiumTimes
Reuben Abati said Mrs. Alison-Madueke cannot
approve the sale of the refineries.
Despite the statements of various government officials
including the Petroleum Minister, Diezani Alison-
Madueke, President Goodluck Jonathan has no plans to
and has not approved the sale of Nigeria’s four
refineries, presidential aide, Reuben Abati, said on
Thursday.
Mr. Abati also claimed the federal government had no
plans to privatise the refineries.
Mrs. Alison-Madueke had while speaking in an interview
with Bloomberg TV Africa in London in November said
that the refineries would be sold.

In Summary, Japaul is going back to the Car Park Soon

President Jonathan budgets billions for Bayelsa project long completed, and fully paid for in 2006.
President Goodluck Jonathan is asking the National Assembly to appropriate about N1.8 billion this year to help connect his home state of Bayelsa, to the national electricity grid, but this request suggests that federal officials only want to pocket the money.
PREMIUM TIMES investigations into the proposed project reveal that President Jonathan is asking money for projects that have been completed seven years ago, and that were all fully paid for in 2006 when he was the governor of the state.
In the 2014 Federal budget recently presented by the Minister of Finance, Ngozi Okonjo-Iweala, to the National Assembly for consideration and approval, the government lists as priority, the need to connect the state to the national electricity transmission network, but this shocking blunder is drawing attention to the absence of project monitoring and evaluation principles in policy making under the current administration, and the shabbiness that attends to budget preparation.
When contacted, the Special Adviser to the President on Power, Beks Dagogo-Jack, could not explain how the provision found its way into the budget, but claimed the issue might involve some complicated technical explanations only the bureaucrats at the Federal Ministry of Power could make.
PREMIUM TIMES investigations reveal that such provisions, that many federal crime investigators are familiar with, are some of the several fraudulent financial requests smuggled into budgets to steal public funds.
The Special Adviser to Bayelsa State governor on Power, Olice Kemenanabo, on Tuesday, confirmed to PREMIUM TIMES that Bayelsa State was indeed linked to the national grid more than eight years ago.
The Director General, Budget Office of the Federation, Bright Okogwu, demanded a text message enquiry when contacted Thursday. He did not respond to the enquiry as at the time of publishing this report on Saturday.
However, the Senior Special Adviser to the President on Public Affairs, Doyin Okupe, insisted Friday night the N1.8billion request is not fraudulent.
is true contract connecting Yenagoa to the national grid was awarded in 2006,” Mr. Okupe said in response to a PREMIUM TIMES enquiry. “It is a 2x40MVA station connecting only Yenagoa. That voltage is far too small to cater for the needs of the state.
“The present contract is to further upgrade what is on ground and extend services to other parts of the state. It will be wrong and ignorant to say the 2014 provision is fake!”
But officials at the Federal Ministry of Power, who spoke to PREMIUM TIMES but requested anonymity for fear of official reprisal, insisted that there is no official documentation for the project, and that it is merely a “graft allocation.”
The officials said they were “stunned and amused at the claim from the presidency which is obviously an afterthought.”
“It is not true that the Bayelsa transmission line needs an upgrade. If it’s an upgrade, why didn’t they say so in the budget? Why was it presented as a totally new project?” the official queried.
The project, titled, “Connection of Bayelsa to national grid”, under the allocation of the Federal Ministry of Energy (power), was described as a new project with reference number MOP1001637.
The budget did not say the requested N1.8billion was needed for an upgrade of an existing facility.
Power ministry officials point to the existence of a 132kv transmission line from Owerri, in Imo State, linking Ahoada, in Rivers State, and Yenagoa, in Bayelsa State, which was constructed by Pivot Engineering Nigeria Limited, insisting that the current fresh provision in the budget amounted to “linking the state to the national grid for the second time, evidence that the money goes into someone’s pocket.”
Documents from the Bayelsa State Investment Promotion Council and the power ministry offer the historical background to power development in the state, dating it back to 1988 prior to the creation of the State in October 1, 2006.
Then, the area relied on only one transmission line, which was not upgraded by successive administrations.
This spurred the Federal Ministry of Power and Steel, in conjunction with the then National Electric Power Authority, NEPA, to award a $56 million, [N3.2billion] contract to Energo Nigeria Limited in 1999 for the construction of a single phase Owerri-Ahoada-Yenagoa 132 kv transmission line to link Owerri to Yenagoa.
However, in November 2000, the scope of the job was reviewed to accommodate the Yenogoa-Imiringi and Ahoada-Abonnema 33KV double circuit lines, with the associated substations at Ahoada and Yenagoa.


Source: http://premiumtimesng.com/news/152620-investigation-jonathan-fresh-n1-8billion-fake-project-scandal.html

easyson: Help me o...name a broker that can do business for small boys o

Morgan Capital is gud. 20K minimum

mercylicious: Closed at 75k last trading day. Thank God I didn't sell. Changed my mind after listening to d various arguments by d ogas.
Anyway, I've just learnt few lessons, wen a coy releases a bad delayed result, don't rush to sell( except u r sure of better offer elsewhere), wait for them to release their results to date b4 u make a decision. This happened in nem as well as eterna.

When a coy goes for right issue, it doesn't mean d share price will fall. Afriprud, vitafoam, ubcap taught me these. Even if it will fall it shld be close to and post listing

I wantd to Sell My Nem 2,bt luckily for me,my Broker is on break and wont resume until Jan 6,indeed,hs break is a blessing in disguise

Born 2be Rich: Nigerian STock Exchange:


7. NEM releases Q1, Q2 & Q3 '13 results with N2.05b PAT in Q3(SP:N0.69k)

Enjoy all and Happy New year.

I see NEM bulln to One Naira or More before the end of the Month with its excellent Result

megainvest: Is this news a sign of potential share price gain for FBNH?: FBNH Plc reports 11.4% rise in Gross Earnings to N290.8b for the Nine Months Ended 30 Sept. 2013

http://www.proshareng.com/news/21879

It wil surely hav an effect on the share price,lets wait til 2mao

Imagine,my useles broker wnt resume until Jan 6,am crying already,what a bad start for a new yr

Good initiative

Dumexoga: Transcorp set to pay dividend. Is anyone in the house? Ojigbijigbi

i saw that on Proshare too,base on my calculatn,they shld pay lik 5k dats if they wld pay at all:-)

hbrednic: The miminimum is N5 million,i think they want to remain exclusive.

na wao,na just 10k i take use open an acct with a broker,

Rotf, lwkmd o,

Akala wil never stop lying,

ihedioramma: pls what is the price of newgold stock as of 11/12/2013?

2,076 source http://www.moneyhub.net/scripts/cgiip.wsc/globalone/htm/company_list.r?picountry-id=55

fijiano202: Oga period no gree come ooooo and they tell me for church say make i no abort

So wetin u mak i do? na me tell am nt to come,am i d only guy una dey date? U don see mumu abi

Aks: check this link and take note of the Trade and Volume Column. e.g Compare Royalex, Costain, FO with Access and Oando

http://www.proshareng.com/analyst/datacenter.php?ref=pricelist

thanks Bro,this is an eye opener

mercylicious: Liquidity is very key in investing, u may see d price rising but no buyers. That is exactly wat is happening to investors of forte oil. Always consider the vol traded daily for over a time b4 u enta,

Ma,at what volume will you Consider a stock to be liquid,i mean.what is minimum number of vol traded daily one mst see b4 concludn that a stock as high liquidity nd it is worthy of buying

9free: I don use my tesere diamond loot settle madam and children finish. Now I just dey wait to get 13th month allowee alert make I deploy am in Okomu Oyel @the right price.............

NA 4 OYO state Una dey Work?

Okay o

Ess: UBACap is about to give boys something for the festive season.
Buckle up mode I dey, may the journey be safe.

na infront of the Bus i dey o,journey Mercies to us

Nice Post