₦airaland Forum

Bros, wetin be that o? Bro pls talk o, BP is rising here o

nitrogen: ............

Thank God nobody saw it....don't know whether it is a public info yet. #Oando

Aks: , I'm heavy on Oando now and lil on WAPIC, those are the stocks in my portfolio as at now. No extra dole to do HIT & RUN @ da moment. Sharing of loot is the norm when these 2 stocks do me proud

Aks: , I'm heavy on Oando now and lil on WAPIC, those are the stocks in my portfolio as at now. No extra dole to do HIT & RUN @ da moment. Sharing of loot is the norm when these 2 stocks do me proud

Aks: , I'm heavy on Oando now and lil on WAPIC, those are the stocks in my portfolio as at now. No extra dole to do HIT & RUN @ da moment. Sharing of loot is the norm when these 2 stocks do me proud

Wish you safe delivery o

SWG1: Pls BnSITL, what will be the next move of a stock with mild rally(3-5%/day) that has broke its resistant level and gone above 52wks high. Will it trade sideways, retrace b4 another rally or exprience intense rally (7-10%). And at what price did this foreign and insitutional investors board this transcorp bus.
Because 10% of 1 billion is 100 million (maka ara-amama)just incase.

#classic case of cowboyism

Summary, do we start to sell Transcorp or wait? If we are waiting when is the ideal exit point?

[color=#006600][/color][b][/b][quote author=nitrogen]@all, what are we to buy today o? or should we start selling nii? Thank you before some foreign investors go start dumping and turn us to mugus with worthless paper money

;DNo caveat, sounds like a recommendation

Born2beRich1: Oando is still flat..you can buy more.

Oga Nitrogen, don't shift the bar o, Oando is going to N100 on long term, nothing less. We are waiting!

nitrogen: Believe me, Oando will get to #60, it is the truth, if you are a long term investor/that patient, you should hold Oando, no matter what. The real price is #60 and above.

I will call later in the day to fix exact time to meet and jolly small (after all, Jack needs some play not to become a dull boy lol). I stopped over at your site on my way to work now, well done , good work!

spyder880: You may need to call me, I alternate between two sites there. Thank you.

Bros, same here until about a month ago that I got active, infact I regret all the opportunities I read about here and never believed in till now that l can see clearly. Come on board, no time is too late. I belong to team Transcorp and Oando!

Nexth11: Open confession: I have been #passingby for a while now. It's time to get active. All the Ogas in the house i dobale!!! @Dexterex....I see you

I picked some tashere at N28. Scouting for more cash now

Aks: I entered Oando today @ 28.03 and 28.05 after waiting endlessly @ N27 price.

It's not too late sa o!
I guess I recognise this house under construction, I drive through it to my place via the Shell Coop Estate. I may stop by on my way home today, hope you are around.

spyder880: Its a lovely house, if I had known your house I would have come in for lunch

spyder880: We are already making concerted efforts to ensure that the completion of this house is as smooth and superlative as the others, I will be testing designs of different finishes from windows and doors to POP and painting, tiles and fence details. Our client here can choose from our wide array of designs.

How do you like these painting combination , we are also planning to build the pictured one storey gate house where the security personnel could have a sweeping view of the compound and the surroundings.

Bros,
Wao! This house is in my estate, infact my house is just two houses away from this, His is the first house on 2A, mine is 3B, the green bungalow with green roof.

Wa o, this market sef

Dexterax: Bid prices are being adjusted upward, better adjust yours.

3rd trading day, I hope I can get oando for 27 today.My N27 buy mandate has been on snc last week.

Na me say make he mis yearn?

softsparkyy: Na you shot pastor Akpos abi?

Pls am on night duty o, don't distract me. Corking my sakabula!

http://www.thisdaylive.com/articles/access-bank-focuses-on-cost-reduction/182853/
Access Bank Focuses on Cost Reduction

07 Jul 2014
Font Size: a / A

Access Bank logo


By Obinna Chima

Access Bank Plc’s unaudited results for the three-month period ended 31 March 2014, showed the financial institution’s continued focus on improving on its top line while managing its cost base.

The first quarter results also revealed progress towards the bank’s strategy of delivering profits through sustainable build-up of its loan book.

The results showed that the bank’s gross earnings for the quarter climbed to N57 billion, representing a nine per cent increase compared to the corresponding period in 2013.

In the same vein, its operating income increased by 19 per cent to N42 billion, supported by a 12 per cent increase in non-interest income during the period, while its profit before tax climbed by 20 per cent to N13.4 billion as at March this year, from N11.1 billion in the first quarter of 2013.

The bank recorded an improvement in its cost-to income ratio as it came down to 64.6 per cent from the 70.2 per cent it was previously.

During the quarter, Access Bank continued to streamline its operations and exited from Burundi. This contributed to the reduction in cost. In addition, key initiatives were implemented to forge ahead in its brand promise of speed, service, and security.

The Group Managing Director/Chief Executive Officer, Access Bank, Mr. Herbert Wigwe expressed delight over the progress that bank is making in delivering on its strategy.

According to him, the financial performance clearly demonstrates strong progress towards sustainable and profitable growth for its shareholders.

“Business performance has improved across all key segments, as the Bank lays out its medium term plan. Whilst our Corporate banking division remains a stronghold for the Bank, significant potential is being shown by our Personal and Business banking divisions.

“This quarter provides a solid base from which Access Bank will be able to deliver on the targets that we have set for ourselves for 2014.

“Looking forward we will continue to ensure delivery on our promises by remaining focused on our set objectives,” he said.

Therefore, in recognition of its strength, pan-African rating agency, upgraded the bank from “A” to “A+” with a stable outlook.

The rating cements Access Bank’s position as a Systemically Important Banking Institution in Nigeria and reflects the full synergy of the merger with Intercontinental Bank Plc.

Access Bank’s share price closed at N9.70 per share on the Nigerian Stock Exchange on Friday

Exactly my thought
quote author=cadno]Hmmmmmm....where did everybody go ...![/quote]

Sis mercylicious, I didn't know when l typed d gbese thng o.it is dat serious

mercylicious: I don laugh well well for gbese tins.
@securi and current price, welcome to the thread.

Missing person;
Does anybody know the whereabt of andico? The guy follow us start this thread but is no where to be found arnd d thread.
He is hereby declared wanted!

davide470: Really! And you dey with us for Equity business.. Re-align your portfolio (not that they are bad, infact, they are very good) and focus on T-bills and Bonds. (My Personal and Very Personal advice o. Abeg).

Thnx bros but dat's just small change compared what some silent nairalanders control. Someone here said he has some million shares of oando meaning mine na tashere change.1 million oando share is approx 28m paper money so u can imagine what some mill is lol

;DThnx a lot. I assume fidelity has good prospect cus it is at d lowest level for smtime and that its well positioned to win the bid of one of d new generatn bank on offer and that will mean a turnaround for d stock. Hope am not sounding dump

kotlass: Your portfolio isn't bad. But why are you heavy on Fidelity?

U are laughing, hmmmm dats's abt 20m at stake o, before what happened to dat german guy happen to ur bro

Dexterax:

Just thinking aloud, is my portfolio still viable?
Access hoping to exit at N15
Oando
Fidelity (heavy)
Eternal (heavy, reason why I earlier panicked lol)
Transcorp
I pray smone confirm they are still viable o

I wonder too o.

Afo1k: @ Michael, crudeoil lifting =crudeoil production... smh

God bless your soul my bro.With this l can console myself that owo oti wogbo!

Michael11stock: Crude Oil

Ejiofor Alike The provisional names of the 36 companies that were awarded contracts to lift crude oil by the Federal Government through the Nigerian National Petroleum Corporation (NNPC) from June 1, 2014 to May 31, 2015 have been revealed. Although the list is not final as more companies are expected to make the final list, it signals a paradigm shift to indigenous companies as against previous preference for foreign companies. The final list may contain more local names according to a reliable source.

The list, which was obtained exclusively by THISDAY, comprises 21 indigenous companies; eight international oil traders; two foreign refineries; two subsidiaries of the NNPC and three countries, represented by their state-owned National Oil Companies (NOCs).

According to the document, 21 indigenous companies were awarded contracts to lift a total of 630,000 barrels per day of crude oil during the one-year period, representing 57 per cent of the 1,179,000 barrels per day awarded to the 38 beneficiaries.

The list also showed that eight international oil traders got an allocation of 240,000 barrels per day, representing 20.5per cent of the whole allocations, while two foreign refineries got 60,000 barrels per day, or 5.1per cent of the allocations.

Two subsidiaries of the NNPC were awarded contracts to lift 90,000barrels per day, which translates to 7.7per cent, while three countries, represented by their NOCs also got 90,000barrels per day.

A breakdown of the allocations showed that each of the 21 indigenous traders got an allocation of 30,000barrels per day.

These companies include; A-Z Petroleum Products Limited; Hyde Energy Nigeria Limited; DK Global Energy Resources Limited; Aiteo Energy Resources,; Avidor Oil and Gas Company Limited; Azenith Energy Resource Limited; Barbados Oil and Gas Services Limited; Century Energy Services Limited and Crudex International Limited.

Other beneficiaries include, Eterna Plc; Bono Energy; Taleveras Limited; Mezcor SA; Sahara Energy Resources Limited; Tridax Energy SA and Tempo Energy SA.

The rest include, Ontario Trading SA; Voyage Oil & Gas Limited; Elektron Petroleum Energy and Mining Limited; Ibeto Petrochemical

Company. Also included in the list are eight international oil traders, which got an allocation of 30,000 barrels per day of crude oil each. Source Thisday

Chai! Eternal no dey o. Gbese!

Afo1k: http://businessdayonline.com/2014/07/fg-cuts-number-of-companies-licensed-to-import-petroleum-to-27/?utm_source=&utm_medium=twitter#.U7bWiJO3PFo Following is a list of companies licensed to import
petroleum for July to September by PPPRA.
1 A-Z
2 Aiteo
3 Avidor
4 BSR
5 Bovas
6 Conoil
7 Cybernetics
8 Folawiyo
9 Forte
10 Gulf Treasures
11 Hyde
12 Integrated
13 Matrix
14 Mettle
15 NIPCO
16 Oando
17 Rainoil
18 Sahara
19 Shorelink
20 Total
21 TSL
22 Mobil
23 Ascon
24 Hudson
25 Dee Jones
26 Techno
27 Masters

sheniqua: So they should fight a widow and her young children endlessly because the father didn't give them what they wanted?
At what point do they back off?
There is a will remember
If they want to contest the will let them do so
But bringing up ridiculous demands like paternity of her children and legitimacy of her marriage is plain stupid
His will is pretty clear
He gave as he deemed fit including a lady born by a kaduna woman
And a man has a right to give as he wishes
How is that Bianca's fault?
Are you saying she should give her share of the will to her step sons?
This is not some fly by night marriage
She met Ojukwu in the late 80's,married him legally sometime in the 90's and have children by him ,recognized by him and she and stayed with Him till death in 2012
That is over two decades
That is perhaps the longest marriage he ever had
For anyone to question her legitimacy is plain ridiculous


The will lest we forget

Seems some of us do not clearly understand what is at stake, what the family is challenging is her sole right to properties of OTL regarded as the family business; occupation of No. 29, Oyinkan Abayomi Street, Ikoyi Lagos and ownership of other properties of the family business. Also that throughout the period Ikemba was struggling to retrieve the properties from the government, others never played any role in the struggle nor contributed financially or otherwise to the realisation of the struggle is rubbish and annoying that therefore they are not entitled to the properties when the action is directly linked to same man. Meanwhile these are properties of a business that have been in existence before she was born or even married into Ojukwu family.
So this is not fighting her and her children and instead it is a case of greed on her part and she is even trying to cause injustice to other children whose Father, Sir Louis legitimately handed the company over to by virtue of being Directors of OTL.
I respected Ikemba in his lifetime, but this act of handing over OTL properties to Bianca without considering his other sibblings is giving me a second thought about how I perceived him. Was he really fair to others and not only after selfish interest? Can we sit back and have a second look at his role in the civil war vis a vis this recent occurrences and the way he handled his family. I had some reservation when I first heard his will was read and didn't hear anything on giving back to Igbo community (no matter how small) just to identify with the troubles and sufferings inflicted on them as a result of Civil war, even a little cottage hospital would have made me more convinced that he is one of the best leaders ever produced in this Country. Well, just my thought, sometimes I over expect sa.

I really dont know why some women are very greedy these days. She wants everything for her Children alone, claiming that others did not contribute when he was fighting for the properties back forgotten that others sufferred that fate due to Ikemba's action. I least expect such action from her considering her family and educational background.
I read a similar case about Captain Haastrup but wasnt really surprised because the Lady involved is not from such a reputable family like Bianca.
http://www.shipsandports.com.ng/2013/news/Family-of-veteran-Master-Mariner-Capt-Haastrup-fingers-ex-wife-for-his-abduction-death.php

Why will someone be greedy and not consider others too, not even a simple give and take. God will help us.

If these projects can be completed, it will lead to a serious transformation of Aba. I think this is a good development, T.A Orji has finally woken up from his slumber. More of these initiatives all over the Country is highly welcome.

;DHips enlargement?