₦airaland Forum

locodemy:
what moves the market is demand and supply.The reason unity bank is gaining all these while is just because the supply is out of stock.The shares available are in the hands of market movers and institutional investors.Unity is not going up becos of fundamentals nor market sentiments.people continued selling their shares even up to 0.65k while smart investors were mopping them.what do you think will happen when it finally bottoms out?Oando has the same magic to do.just keep your eyes on it or watch.wapic is down already and has just started receiving big patronage.That is to show that something is cooking there.just be watchful.hehehe! surprising packages will continue to be observed on daily basis at NSE.

PETERiCHY:
http://mobile.reuters.com/article/idUSKBN0UB01X20151228

Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering dried up and players worried that crude prices had more room to swoon in the new year.

Brent settled down $1.27 at $36.62 a barrel, after falling to a session low of $36.52. It hit $35.98 on Tuesday, its lowest since 2004.

Brent also settled below U.S. crude's West Texas Intermediate (WTI) futures for a fourth straight day, showing its waning influence over WTI after this month's decision by the United States to lift a 40-year ban on U.S. crude exports.

locodemy:
Oh just log on to www.proshare.ng,they have even confirmed what i posted yesterday concerning stocks that will lead NSE next year.ok o vuuuuuuum vuuuuuuuuuuuuuuum

PETERiCHY:
Don't worry in 2016 if you don't sell all you have and put in the stock market then the shame will be on you.

Justcul:
sir, is this a personal opinion or what? remember, thi is a public forum..

locodemy:
Try Dunlop.it looks promising..................Ah!...vuuuuuuuum

locodemy:
Try Dunlop.it looks promising..................Ah!...vuuuuuuuum

myjoy085:
Currently, Nigeria economy is in a very serious problem because of uncertainty surrounding world oil price.

Transcorp is deeply involved in this oil conundrum ,remember they have an oil rig which is yet to be developed. They have debt with some bank and depends on foreign exchange to finance some of their imports which is used for raw materials for their finished products ie fruit concentrate, tourism industries will perform very poor in 2016 because of customers weak purchasing power hence the revenue in their hotel industry will drop drastically.
Nevertheless, follow the best strategy that works for you.

My target for transcorp in 2016 is less than 1 naira. It sounds funny but that is the bitter truth.

It is well.....

SWG1:
Idi egwu, clap for urself for a wonderful feat on meagre profit. I pray ppl won't be carried away on this ur escapade and buy Oando admist other stable and sound stocks out there.

myjoy084:
Direct Cash Settlement Kicks-off in Nigeria's Capital Market
Wednesday, December 23​, ​2015
​
As part of the ongoing initiatives to protect investors and eliminate fraudulent activities in the Nigerian Capital Market, stakeholders in the market under the leadership of Securities and Exchange Commission (SEC) and The Nigerian Stock Exchange will, with effect from January 4 2016, commence the Direct Cash Settlement initiative, which is the direct payment of proceed of sale of securities into an investor’s nominated bank account.

This was contained in a statement released by the Steering Committee on Direct Cash Settlement. The committee maintained that with the effective take-off of Direct Cash Settlement, investors in the Nigerian Capital Market would be credited directly with the net proceeds of stock market transactions which would address the illegal sale of investors’ securities.​

Direct cash settlement is a process where cash proceeds from trades executed by brokers on the Exchange settles directly into investors’ bank account. It starts when a client gives his broker the mandate to sell his or her shares. Once those shares are sold, payment is made directly into the client’s account. This is in contrast to the current practice where proceed from sale of securities is paid directly into the stockbroker’s account and stockbrokers then deduct transaction fees and remit the balance to the client’s account. Historically, issues have arisen on occasions when the proceed of sale were not remitted into the clients’ accounts, thereby necessitating the need for the initiative.

According to the DG of SEC, Mounir Gwarzo, he stated that “with the Direct Cash Settlement initiative, the moment securities are sold, the consideration will be paid into the client’s account. I am happy to report that at the last CMC, our members unanimously agreed that the Direct Cash Settlement initiative will commence on 4th of January 2016. So, we believe this will also improve investor confidence in the market”.

As against the current general practice where the proceed of sale for investors’ transactions go into the bank accounts of the brokers for onward disbursement to their clients, the practice under the ‘Direct Cash Settlement’ would be to send the net proceeds directly from the clearing and settlement system to investors’ accounts while the existing practice of payment through brokers would only happen where clients opt not to participate in the initiative.

Under the proposed framework for Direct Cash Settlement, brokers were mandated to forward their clients’ bank account details to the CSCS, the agent of The Nigerian Stock Exchange (NSE) for the clearing and settlement of securities traded on the Automated Trading System (ATS) of the NSE for clients opting to participate in the Direct Cash Settlement initiative. Se​ttlement of subsequent trades carried out on the ATS would then be effected by direct payment into the client’s account as provided to the CSCS.

Investors are encouraged to contact their stockbrokers for more information on how to opt in to the Direct Cash Settlement initiative.​ gooood development all those delay from stockbrokers will not occur again but what if you want to buy will they withdraw the money direct from your bank again!!

Sir, i hope the bold answer the question

ihedioramma:
the year is going out are you there ?

Mfunkynation:
thankz locodemy.... much appreciate yur explanation. kindly whatsapp me 08067080632. need to be discussin wit u abeg

Chibuking81:
by next year I will travel to Lagos to see Morgan capital office and to meet them face to face, very very important. Personally their customer care has been so nice to me in terms of crediting my stockbroker account and my bank account whenever I give an order.

stcool:
yes, register with morgancapitalgroup...visit: http://morgancapitalgroup.com

Gerrard59:
It depends on the school and the course you intend doing. What you should you know is that Nigerian degrees are not easily considered abroad, I'm saying this as you indicated that you plan staying in Switzerland.

Moreover, Switzerland is not an immigration friendly nation, so you must be very exceptional and highly skilled. This is as a result of the law in Switzerland that states "That a Non -EU citizen would be employed IF there's Swiss national that can't do the job".

Finally, in correspondence with SaiBuhari, I suggest you finish the ICAN. Thankfully, you're within the age of employment. Better still, you can add ACCA to it. What's the major you intend doing in Switzerland? If it's in the financial industry, add an ACCA as Zurich is Europe's 2nd financial city.

Wish you the very best in your career.

SaiBuharii:
Starting from the Last there is no "guarantee" of getting a good job after writing Ican. But there are "possiblilities" depending on your defination of a good job.

Secondly uncle tells you to start applying for schools does not mean "uncle has gotten visa for you and paid school fees, means you are not sure of the certainty of travelling, so no harm in continuing with ur ican and applying by the side.

In conclusion, continue with ur ican, when time to travel reach go. And if you stay behind, to get a good job involves getting a 2.1, under 26, ability to pass tests and being confidents at interviews, and then #oluwaMustbeInvolved. That's all.