Manonamission:


Keeping all other factors constant, shouldn't the landing cost reduce?

I would think a sort of Swap deal might be involved. Give him predetermined quantity of crude at prevailing rate per barrel in return for a predetermined quantity of refined products. A margin is agreed which leaves him with residual crude stock for his fertilizer, refined products etc that could be exported. He could go over and above the agreed quantity of crude for his export business as he deems fit though.

It doesn't really make sense buying dollars from govt to buy crude only for the same government to come and buy refined products with dollars. Abi no be so?

Ugosample:


It's not about population joor

Liberia is smaller than both Gh and Ng, yet it is much more jaga jaga than anywhere in Ng or Gh

The US is more populated than Nigeria but is more organised than Nigeria.

And yes, I don travel well well to different countries to see things for myself

Nigerians need to learn how to behave civil.....

That will go a long way in changing this country

Every one is aggressive in Ng

Bianco1:


I agree with you my good bros - take your profit out the table when it comes. Buy the dip (plunge) if you are long term on a great (value) stock.
However, they say "Don't fall in love with your investment because it won't fall in love with you"

emmanuelewumi:
I believe we are all adults in this forum, I define an adult as " someone who takes full responsibility for the consequences of his/her actions and inactions".

I also assume we are investors" real investors are highly rational people, they take calculated risks". Some of these calculated risks end up making losses, some end up making profits. The aim of an investor is to make sure that his/her profits exceed the losses on long term and consistent basis, anything short of this I will advise the supposed investors to look for another calling, venture, hobby or ask the professionals to help them out at a cost.

We all need to acquire and develop the mindset and psychology of successful investors.

DeRuggedProf:


I admire you boldness, belief in your analysis and the guts to state where you stand.
You are more appreciated than people who claim they are not in the market, but sell their SCREENSHOTS and make profit when MR. MARKET surprise us with a BULL.
You will win.

4Play:
This thread hints at something but it misses a larger picture: in a hypothetical scenario where Biafra is actualised for Igbos it will fundamentally change the calculus for other Southern ethnic groups. Whether Igbos get to visit the rest of Nigeria in a post-Biafra world is a bit of a red herring.

Assume, for the sake of simplicity, that Nigeria has a population equally distributed among the 6 geo-political zones with the North having 50% of the population. A Biafra for Igbos could mean 1/6th of the Nigerian populace but, more importantly, 1/3rd of the Southern populace leaving Nigeria. This will radically skew political power to the advantage of Northern Nigeria (yes, not a cohesive region but exhibiting some degree of coordination by comparison to the South).

The North will constitute 3/5th and come close to (if not now but eventually with higher birth rates*) 2/3rds of the rest of Nigeria. The rest of Nigeria would be unquestionably a Northern and Muslim majority nation. In such a scenario, many of the Southern ethnic groups would not want to remain in Nigeria and this would accelerate further disintegration.

In reality, Biafra independence would cause absolute mayhem for everyone and to me would be impossible to execute (at least peacefully). It's clear that most intelligent people grasp this: indeed, anti-Biafra sentiments (amongst Igbos and non-Igbos) is driven not by any great sense that the Igbos or Nigeria will be a great loss but the apprehension that Biafra will precipitate chaos for the whole of the South.

*There is an argument that with higher birth rates, the "North" will be a more entrenched hegemony over time. Remember the saying, "demography is destiny."

arsenal33:
May be the owners of the DISCOS thought they were buying nightclubs!

Maduawuchukwu:
Hmm. I respect the sanctity of contract but I do not believe that the government should obey a contract which did not meet the laid down requirement and was still is not able to perfom it's contractual duty. The Privatisation exercise carried out by Nnamdi Sambo was one of the worst things to happen to Nigeria. Power Assets were given to criminals who are incompetent like Emeka Offor etc.
I recommend that their contracts should be cancelled and new exercises.

fxuser:

this 41m units offer at 1.17 offer na ojoro ! very dodgy after 1.17 is 1.25 umm some brokers wan use people head

rugged7:
Wasting fuel flying helicopters. Instead of flying drones as over watch and having rapid deployment forces available to use the helicopters in case of banditry.

At half the cost.

Why is Nigeria cursed with morons in leadership positions

SalamRushdie:
These days it can't even buy you 3 bottles of beer at 4 point

adegeye38:
An ex overnor of 8 years, that did absolutely nothing in the state with the billions of naira the state was generating every month with a yearly salary of 3-5 million per annum uses and maintain a private jet, worth billions of naira, and he is still controls thing and being celebrated

well its no surprise cosOver 400 billion dollars stolen since independence and still counting, billions of dollars stolen every month, every sector, the federal government, the state government, the local government, the ministries, contractors, the private sector, the Judiciary, the law enforcement, Health sector, Churches, are all a bedrock of massive corruption.Trillions spend on electricity with nothing to show for it a meager 3000, while other countries are generating hundreds of thousandsThe allocations state governments and local government recieves that should have been used on boosting the economy of each state and infrastructure have all been stolen, Lagos for example is a bedrock of the highest corruption i have ever seen It economy is one of the best in africa due to massive IGR, but the infrastructures are one of the worst, decayed and rottingd problem of corruption in nigeria is nt d leaders, itsd people, we are naturally selfish, self centered, greedy, destructive its in our blood we were born with it, we all contributed in destroying dis country, we love corruption, we encourage it, we justify it and we are currently enjoying the dividend our religiousness doesn't help either cus we wallow in religion hypocrisy, so morrally we are decayed, religion wise decayed, society decayed and d samesociety will keep on producing fools as leaders.Change must come from within.

Christianity that would have helped us has been abused and being turned into religion hypocrisy.

modath:



I want the best but I'm not convinced this won't come back to bite us in the ass!! Economic indices haven't changed, LCs aren't getting financing, manufacturers can't keep up with alternative power cost....

All this artificial 410 quotes na lie, Black marketers are just playing mind games, put a call to one, wants to buy @ 410-420 but won't sell less than 460, who is fooling who!!

February 2016, we experienced same thing!!!!!


Cc Stagger

stagger:
The aboki guys are smart. They know people will be desperate and so will offer to buy your dollars cheap. Many of them have been in the business for years so they know what will still happen.

The question is: what has really changed in the fundamentals of the Nigerian economy to justify a strengthening of the local currency? The answer is NOTHING.

What the CBN has simply done is to use some of the gain in the foreign reserves in the last 2 months to pump dollars into the market. Interventions are not new. They have been done by several central banks across the world. But the fact is: where the fundamentals have not changed, they hardly work.

The best the CBN can do is to keep pumping dollars to maintain the parallel market band at between 450 to 480/490. A country cannot spend the money it makes from exports to keep selling dollars to offset rising local demand.

The permanent solution is to reduce local demand for dollars by eliminating the main factors fuelling it. Ensure self-sufficiency in refining of products. This alone will cut demand of dollars for importation of petroleum products by 50%. Then the power sector reforms must be completely re-jigged so that by 2017/2018, we can double current generation and transmission. That way, local industries can start manufacturing again and this will reduce the need to import things like palm oil, furniture, shoes, clothing items, etc.

Make our universities and teaching hospitals centres of excellence. That way, we will not have a President spending four months in a London hospital at the country's expense, and millions of other Nigerians seeking treatment at Indian hospitals or schooling in UK, Malaysia and the US.

Until we do the needful as a country, we will remain in this cycle where the CBN has to pump dollars into the market to force down exchange rates. It is a temporary method which has an elastic limit. It cannot be sustained forever.

Vicben:

Why wait? Release it, moreover isn't that what mankind has also done? The world is waiting

DeRuggedProf:
NEWBIES:
Sell your FCMB only after you see the result, if it is panic that is driving your sell decision.
Even the following stocks are still having shareholders:
1. FBNH
2. TRANS-CORPSE.
I have mentioned the two stocks above not that they are bad, but at least worse than FCMB and some of their holders are trying to mess you up.
FCMB will give between 15K to 25k dividend.
Note that before any information becomes public, key people that can change the course of the share price are aware, months ahead of you.
If this news were to cause share price issues, you would have seen huge offers weeks back!!!
Let our genuine experiences interposed on time help you.
DO NOT PANIC SELL!!! NOTHING HAS GONE WRONG, THERE IS RATHER GREAT IMPROVEMENT...

Quote me...

sparrowkid:
It's a pity that nobody bothers to ask for the source of this money. Afterall, Paris Club and London club debts were settled by Obasanjo's administration. Our governors who devoured the excess crude account could not have known of the existence of this repaid fund without tearing the federal government to shreds in order to have their shares of the fund.

How can a whole nation paid more than it's owing? The reasonable explanation is that this money has been there since; known and enjoyed only by very few people in the presidency. Another one is that it was probably exposed by the tsa. Quite frankly, going by Nigerian standards, this money should have gone the ways of others ordinarily. This is exactly why one must know that something good is happening up there. If this one was also embezzled just like others, we wouldn't even feel it because we aren't aware of its existence in the first place. We just hope the governors would behave responsibly with it so that we can at least bring back our economy. God bless Nigeria.

DeRuggedProf:
A Trader’s Stop List To Get to Profitability
1. Stop trading so big that your emotions over ride your original trading plan.
2. Stop hoping a losing trade comes back and just get out when you are proven wrong.
3. Stop asking others for trade opinions and start developing your own methodology.
4. Stop trading until you have done the homework to ensure you have an edge.
5. Stop fighting trends in your time frame.
6. Stop entering trades based on hope and exiting trades based on fear.
7. Stop confusing yourself with so many methods and start choosing one that fits your personality.
8. Stop trading markets you do not fully understand.
9. Stop following gurus and start following the price action.
10. Stop trying to predict the future and start trading the present moment chart.



10 Things Hard About Trading

1. It is hard not to trade too big when you really believe in a trade entry. It is even harder to take a big loss if it goes against you.
2. It is hard to keep taking your entry signals during a losing streak. It is also hard to miss a signal and watch it go on to be a big winner.
3. It is hard not to add to a losing trade when the price keeps looking better as it falls lower and lower. It is hard to be on the wrong side of a trend.
4. It is hard to buy a breakout in trend because it looks too high. It is hard to miss out on the beginning of a big uptrend.
5. It is hard to cut a loss early with the ego wanting to be right about the trade.
6. It is hard to let a winning trade run when you would prefer a quick gain than a bigger long term gain.
7. It is hard to buy when everyone is fearful and hard to sell short when everyone is greedy.
8. It is hard to trade through different types of markets, bull markets, bear markets, volatile, trending, and range bound because the rules keep changing.
9. It is hard to convince your friends and family that there is a process to your trading and that you are not a degenerate gambler.
10. It is hard to ever quit trading after you have tasted how sweet a big winning streak is and how life changing it can be.


...COPIED...

NgeneUkwenu:
Buhari Go Home!


Dear PMB,

Come May 29 2019,...

Give them back their corruption,

Give them back their terrorism,

Give them back their incarcerated thieving military Generals (Badeh et al),

Give them back their Tompolos

Give them back their Dokubos,

Give them back their Shekaus and his videos,

Give them back their ghost workers, Discontinue the TSA,

RETURN SAMBISA FOREST BACK TO SHEKAU

Make mere stealing NOT corruption,

Give them back their senseless bombings and go home to Daura to rest.

Let's see how an MMM economic model
will work for the nation of 'ungrateful nigerians' - where everyone is an expert and every crooked person is a Messiah.

This isn't a campaign piece, but a home truth about who we're.

Give us back our docile military at the mercy of insurgents.

Return us our state of mockery in the commity of nation.

Reopen the boarder to all sorts of importations including firewood and ebola.

Give us back Customs that remit national income into private pockets.

Let subsidy scam return and take over. Make FG perpetually indebted to oil marketers in the name of subsidy.

Let ministers tax millions of unemployed youths for job they wont get like immigration as against your 200000 employment that no one paid a kobo for.

Free the corrupt judges and let justice remain for the highest bidders.

Go home PMB!! Go home Baba!!

bfire:

Do you reside in USA. Are you aware of how long the recession lasted? It lasted for almost five years, if you are not aware.
You guys should stop all these emotional outburst and see the substance. debate on substance to educate yourself so that you'll be able to survive in other countries which you may find yourself.
There was a point that U.S dollars was very low. Infact, Canadian dollar was exchanging for $1.2 usdollars. That lasted for almost 5/6years.
Recession is not a simple process that you can just change like water. What making it worse is, Nigeria is not protected from this external shock unlike 2008 worldwide recession when we had enough saving in the buffer
I'll advise you youth of today to get educated and don't be drawn into all these foolish political nonsense.
Afterall, the thieving politician are marrying themselves; rich. And the the poor you guys who have not even seen the border of Benin Rebuplic are making a nuisance of yourselves.

progress69:


U are very ignorant and have zero knowledge of what u are talking about.

Let me quickly give u little education.

OBJ left a reserve of $42bn which was later grown to $65bn by Yaradua. That is what wr call savings

Now when there was global reccession, the CBN fel back to the national reserves to defend the Naira and economy which led to a depletion of nearly 50%. Even after this, the Naira lost more than 20% of its value.

Oil later rose above $100/barrel and remained so for over 2 years, but there was no savings.

The past President left a Paltry $30bn in the reserves, with oil selling below $50/barrel.

Now no money to defend the economy or Naira, as trying to is tantamount to depleting your reserves. The reserves is simply going down because of calculated attempts by CBN to intervene in the FX market.

Oil sells below $50/barrel and terrorists bomb pipelines, so there is no means to grow the reserves.

As long as CBN keeps intervening in the FX market, the reserves wil keep dropping

tohtoh:
2 think dat papa Ayo was always in the villa for 5yrs with Jonathan and he cudnt cast out the demons out of the Aso rock. Then, it has gotta be lucifer himself occupying the Aso villa

Ovamboland:
But those evil spirit did not stop your cheeks and belly from growing bigger, neither did your account become leaner than you went in to Aso Rock. Even Mama piece accounts is bursting with dollars in fake accounts.

Only ordinary Nigerians lost to the phantom evil spirits? Go guys are the evil spirits if you don't know