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  #34561 (permalink)  
Old 29th June 2016, 10:17 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Picolena66 View Post
Naira float makes Nigeria stocks interesting again -Templeton's Mobius

LONDON, June 29 (Reuters) - Nigeria's stock market is becoming the most
interesting one on the African continent to foreign investors after the country
devalued its currency, emerging market veteran investor Mark Mobius said on
Wednesday.
Earlier in June, Africa's biggest economy finally ditched its 16-month old currency
peg to the dollar that had throttled foreign exchange markets, led to widespread
capital flight and caused its first quarterly economic contraction since the 1990s in
a move widely welcomed by investors.
"Probably now, it would be Nigeria, simply because they are in such a bad shape,"
said Mobius, executive chairman of Templeton Emerging Markets Group.
"Everybody is concerned what is happening to the country ... so Nigeria would be
the place to look now," he said in an interview on the sidelines of an Africa
investment conference.
Templeton has around $700 million assets under management in its dedicated
Africa fund, which has its biggest holdings in Egypt, Nigeria and South Africa.
"The naira is still a bit overvalued, so we could see a further fall in the naira," he
said.
After the peg of just under 200 to the dollar was abandoned, the naira has been
trading at around 282 this week but was trading at around 350 on the black
market.
Mobius said Templeton could add to its holdings in the country in the second half
of the year.
But he added he would like to see a further rise in oil prices, more outside
investment in the power sector and a push on law and order in the impoverished
but oil-rich Delta region as well as see more progress in how the government deals
with the threat from militant group Boko Haram.
Stocks had rallied more than eight percent last week after the peg was removed.
However, stocks have extended losses this week amid fears that demand for riskier
assets will evaporate and the flow of foreign funds into Nigeria will dry up as a
consequence of Britain's vote to leave the European Union last week.
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  #34562 (permalink)  
Old 4th July 2016, 06:20 PM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
I will advice investors to stay away from the STOCK MARKET for now more expecially this 2 banks till the coast get cleared. ZENITH & FIRST BANK.

*ThE OcToPuS*
After 24months of dilly-dally the coast is now clear.

The sacrificial lamb (SKYBANK) has been taken sent to golgotha to pave way for others.

So we should expect some crazy BULL in this 3rd quarter.

*ThE OcToPuS*
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  #34563 (permalink)  
Old 7th July 2016, 05:21 AM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
After 24months of dilly-dally the coast is now clear.

The sacrificial lamb (SKYBANK) has been taken sent to golgotha to pave way for others.

So we should expect some crazy BULL in this 3rd quarter.

*ThE OcToPuS*
Central Bank Of Nigeria Claims “No Nigerian Bank” Is In Distress | Sahara Reporters

The Central Bank of Nigeria (CBN) has denied what it called malicious rumors and unfounded speculations that some banks in the country are in distress or may be in the process of doing so.

Neither Skye Bank nor any other bank in the industry is in distress, it said in a statement signed by Isaac Okorafor, its Acting Director, Corporate Communications.

The statement followed stories in the media, including SaharaReporters, over this weeks sudden mass resignation of the board of Skye Bank.
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  #34564 (permalink)  
Old 7th July 2016, 11:09 PM
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Default Re: MarketWatch

Dogara to ring bell at Nigerian Stock Exchange Friday
4 hours ago
Yakubu Dogara, Speaker of the House of Representatives, will on Friday ring
the bell at the Nigerian Stock Exchange (NSE) in Lagos.
Dogara, will ring the bell to close activities on the floor of the Exchange by
2pm.
The Speaker was invited to the NSE in recognition of his contribution and
that of the House of Representatives in deepening the market through
legislation.
The House had initiated legislation to effectively regulate the stock market to
ensure the safety of investors funds.
Dogara who led the campaign towards deepening of the Exchange while
declaring open a conference organised by the House Committee on Capital
Market, reiterated the resolve of the House to initiate legislations that will
compel multinational oil, gas and telecommunications companies doing
business in the country to enlist a certain percentage of their value on the
Exchange.
He had stated further that large companies in the country must be
compelled to list on the capital market in order to deepen the market and
make capital available for investors and create employment.
The Speaker has also called for severe sanctions against fraudulent stock
market players as part of measures to strengthen the countrys financial
market.
While expressing confidence that the stock market could provide the needed
platform to revamp Nigerias economy, the speaker had also said the House
of Representatives was ready to contribute its quota, to check the drift in
the sector.
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  #34565 (permalink)  
Old 8th July 2016, 08:04 PM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
After 24months of dilly-dally the coast is now clear.

The sacrificial lamb (SKYBANK) has been taken sent to golgotha to pave way for others.

So we should expect some crazy BULL in this 3rd quarter.

*ThE OcToPuS*
you saw FBNH and ZENITH BANK Through you crystal ball, but you no see SKYE BANK AT all, are you sure this your ball is still crystal clear??
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  #34566 (permalink)  
Old 9th July 2016, 01:00 PM
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Default Re: MarketWatch

The Naira remained stable in the interbank market at N282.02/$ although it traded between N282.50-282/$ during intraday. According to FMDQ ,a total of $86m was traded in 15 deals. There was no CBN intervention on Friday 8 July 2016 according to a stockbroking firm market report. fpi and fdi family are here o.
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  #34567 (permalink)  
Old 12th July 2016, 01:54 PM
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Default Re: MarketWatch

AMCON to wind up MRS Holdings over N81bn debt | The Sun News
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  #34568 (permalink)  
Old 17th July 2016, 12:17 PM
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Default Re: MarketWatch

Quote:
Originally Posted by MissedOpportunities View Post
Finally ... But it will be resold at a discount and another member of the family will still buy the coy rebrand through a South African firm and repurchase same when Ultimate BIG BROs refinery starts operation.
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  #34569 (permalink)  
Old 25th July 2016, 06:30 AM
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Default Re: MarketWatch

Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*
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  #34570 (permalink)  
Old 25th July 2016, 07:20 AM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
A source said he expressed concern that the economy was gloomy, stagnant and worsening as a result.

According to the source, Emefiele, who noted that the economy was biting on all, with almost all activities crippled, said indices that would have made the economy grow were not in place at the moment.

CBN governor told the lawmakers that if the present situation in the country continued, the Federal Government might not be able to pay salaries of its workers with effect from October this year. He also said Nigerians would be forced to pay general taxes which would not exclude petroleum products.

Nigeria's economy in bad shape - CBN - Vanguard News

This just the beginning so let's keep enjoying the CHANGE,
1year down 3 or 7 more years to go.

Well some of us are patiently waiting for ASI @15k and USD @500h

*ThE OcToPuS*


Quote:
Originally Posted by PETERICHY View Post
Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*
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  #34571 (permalink)  
Old 25th July 2016, 08:16 AM
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Default Re: MarketWatch

Quote:
Originally Posted by shigidi View Post
Why the confusion it will be a short rally and nothing concrete.

Weather by hook or crook CBN will definitely look for a way to halt the current Naira deprecation for the time being.

Even if Nigeria want to collapse it won't happen under one day, So there's nothing to be confused about.

Well some of us has locked our tasere profit in USD now on the sideline looking for where to pick up extra 15 or 20%.

FBNH comes to mind this was a stock people were dying to buy @#4:60 few weeks ago,

Abeg bargain hunters should drag it down to N3 for us to buy
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  #34572 (permalink)  
Old 25th July 2016, 08:58 AM
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Default Re: MarketWatch

Quote:
Originally Posted by shigidi View Post
You will always be confused trying to interpret messages physically.
__________________
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the end, but in the stock market, hope can destroy your portfolio.

Last edited by bamidele97; 25th July 2016 at 09:11 AM.
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  #34573 (permalink)  
Old 31st July 2016, 02:29 PM
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Default Re: MarketWatch

1st online auction in Nigeria, iNairaBid debuts 1st August, 2016.

Nigerians are taking new frontiers: https://www.i-naira.com
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  #34574 (permalink)  
Old 1st August 2016, 09:11 AM
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Default Re: MarketWatch

https://pageone.ng/2016/06/23/exclus...ons-company-2/

1st online auction in Nigeria is now live... All mobile phone bids open at N0 Naira and can be yours in 24 hours from http://I-Naira.com #inairabid
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  #34575 (permalink)  
Old 11th August 2016, 11:44 AM
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Default Re: MarketWatch

SEC extends recapitalisation deadline for market operators - Vanguard News
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  #34576 (permalink)  
Old 12th August 2016, 04:09 PM
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Default Re: MarketWatch

Dear All,

Particularly, to those who have 'pm' me, kindly find attached the doc as indicated in the link (TRADO BOARD RANKED BY EPSH.pdf (269.6 KB).

Regards,
Tradoforecasting.
Attached Files
File Type: pdf TRADO BOARD RANKED BY EPSH.pdf (269.6 KB, 0 views)
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Last edited by baotoghile; 12th August 2016 at 04:55 PM.
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  #34577 (permalink)  
Old 12th August 2016, 07:10 PM
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Default Re: MarketWatch

Quote:
Originally Posted by baotoghile View Post
Dear All,

Particularly, to those who have 'pm' me, kindly find attached the doc as indicated in the link (TRADO BOARD RANKED BY EPSH.pdf (269.6 KB).

Regards,
Tradoforecasting.
Glad to have this back. Let the state of the nation not distract us from what was once a most useful tool
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  #34578 (permalink)  
Old 12th August 2016, 07:22 PM
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Default Re: MarketWatch

Quote:
Originally Posted by baotoghile View Post
Dear All,

Particularly, to those who have 'pm' me, kindly find attached the doc as indicated in the link (TRADO BOARD RANKED BY EPSH.pdf (269.6 KB).

Regards,
Tradoforecasting.
Good one sir
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  #34579 (permalink)  
Old 19th August 2016, 10:06 AM
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Default Re: MarketWatch

Does anybody have any commentary on the trio of Sterling Bank, Fidelity Bank and Diamond Bank? Whats the way forward for these banks and their stocks?
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  #34580 (permalink)  
Old 23rd August 2016, 07:43 AM
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Default Re: MarketWatch

Dear All,

Kindly find attached, TRADOBOARD (RANKED BY SECTOR)

Regards,
Tradoforecasting.
Attached Files
File Type: pdf TRADOBOARD FOR AUG 23.pdf (499.6 KB, 0 views)
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