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  #34641 (permalink)  
Old 16th September 2016, 09:18 PM
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Default Re: MarketWatch

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Originally Posted by PETERICHY View Post
I stayed off NSE since the beginning of this year but 2mths ago i converted some USD @N385 and bought few units of Firstbank @circa N3:30k.

Now what is happening

The bottomline is Nigeria economy is in TOTAL MESS and will take between 5-7yrs to rebound, that is if allow to be handle by good and experienced economic team.

So we need to let people know the TRUE state of affairs for them to make a wise and informed decision which i believe is the essence of this forum than for us to keep calling a black color grey in the name of patriotism.

In order words it's 101% safer for me to fix deposit my tasere FOREX here in DUBAI at their normal 1% rate with peace of mind and keep rolling it over till God knows when than to fall for CBN 18% TB bait with hyperinflation lurking on the sidelines.
Thank you.

*ThE OcToPuS*

S&P Downgrades Nigeria Further Into Junk as Oil Woes Worsen - Bloomberg

S&P Global Ratings downgraded Nigeria further into junk territory just as Africa’s most populous nation prepares to issue its first Eurobond since 2013, amid low oil prices and severe shortages of foreign-exchange.
S&P lowered Nigeria’s rating one level to B, five levels below investment grade
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  #34642 (permalink)  
Old 17th September 2016, 10:10 AM
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Default Re: MarketWatch

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Originally Posted by dupeodus View Post
That calls to question, the decision to prospect for oil in the Lake Chad basin. Even if there is oil there, the place should be left untouched. The economic value of oil is reducing and we are not considering the total cost of drilling for oil in Lake child. Some better tell this government that the costs of drilling for oil in Lake Chad outweighs it's benefits. The opposition have always been that the government is using money from Southern oil to look for oil in the north so the north could be independent. This would never fly. I have always dismissed the opposition to oil drilling in Lake Chad for this reason until we start this line of debate.
I agree with you. Economically drilling for oil in Lake Chad makes no sense but government is not an economically efficient organism. Looking for oil in Lake Chad has always been a politically motivated decision, I don't know if it's wrong but I do know that it shows that non of our leaders are serious when they talk about moving on from oil.
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  #34643 (permalink)  
Old 17th September 2016, 11:21 AM
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Default Re: MarketWatch

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Originally Posted by duduspace View Post
In short, are you now saying from the bolded that there is really no herdsmen problems in the area your farm is if the farms are clearly delineated and marked out as farms ? that the herdsmen are not deliberately invading farms as has often been suggested in some other places ?
One thing I'm very much interested in from your experience is how this herdsmen/farmer relationship is managed considering how much bad press the herdsmen issue has generated recently. One would conclude that it is a major problem with farming in Nigeria considering the experience of people like Olu Falae with the kidnapping saga.
If you do not really have herdsmen problems lets move on to other stuff like pests, diseases e.t.c that you've encountered. Any fumigation ? how do you get pesticides e.t.c or are you outsourcing all of that to some form of 2nd party management ?
Any support services from government in terms of extension services ? (Note before you start hyperventilating on partisan issues that I didn't mention party, I said government be it LG, SG or FG ).

Lest I forget, did you lease your farm land or did you purchase it outright (100 hectares is a lot of land) ? if leased, on what terms and for what duration ? how did you go about the legal side of things ? if purchased outright, any omo onile type problems ? are there people who come around regularly to collect palm wine or akpeteshi ?
This quote brought out d best insight on herdsmen nd farmers from Nosa2.
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  #34644 (permalink)  
Old 2nd October 2016, 09:26 AM
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Default Re: MarketWatch

This is one of many achievements of this "Do Nothing But Blame Govt" government in the last one year...

Capital market investors lose N873bn in 12 months - Punch Newspapers
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  #34645 (permalink)  
Old 7th October 2016, 09:20 PM
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Default Re: MarketWatch

How does it work technically? You declare the willingness to give help (click in your Personal Office (hereinafter PO) "Provide Help"), after which your account will be rewarded with mavro (internal “currency”/scores of the System). Mavros will start growing from the moment of offering the contribution at the rate of 30% per month. (Calculation of reward occurs twice a week, on Tuesdays and Thursdays at 00:00 GMT.) This sum in Mavro shows how much you can request for yourself.
Say you have announced willingness to assist with $ 100. You will be rewarded in your PO with 100 mavro. And they will immediately start growing! A month later, these 100 will become 130 mavro. Accordingly, you will be able to request assistance for $ 130.
However, it is not necessary at all to wait for a month. Help can be requested at any time. But only after confirmation of your mavro. What does "after confirmation" mean? It means only after you actually transfer money, i.e. really give assistance to another participant. (But not just declare willingness. :-)) Request for providing help comes to you in your personal office. If you do not do it within 48 hours, you will be removed from the system. (For all eternity. :-))

WHAT IS MMM / MMM Federal Republic of Nigeria - Official Website

Nigerians are really tired of NSE ponzi scheme more reason the market will continue to TANK,

MMM is the latest Ponzi scheme in town now, With just 11months old and people had been bailing out with 30% interest plus $50 on monthly basis since it inception last year nov.

Now that dollar is out of reach for importation most traders has as well resort to investing in the MMM ponzi scheme not minding CBN and SEC warnings albeit both institutions cannot be trusted too.

The masses has been so pushed to wall they now prefer crash with the guarantee 30% monthly interest MMM than die of HUNGER.

And from my assertion this MMM ponzi scheme has come to stay as long as the current economic recession last.

In a knutshell MMM is actually where the money is flowing into and there is nothing CBN can do about it since it doesn't have a central bank account.

*ThE OcToPuS*
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  #34646 (permalink)  
Old 9th October 2016, 09:01 AM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
How does it work technically? You declare the willingness to give help (click in your Personal Office (hereinafter PO) "Provide Help"), after which your account will be rewarded with mavro (internal “currency”/scores of the System). Mavros will start growing from the moment of offering the contribution at the rate of 30% per month. (Calculation of reward occurs twice a week, on Tuesdays and Thursdays at 00:00 GMT.) This sum in Mavro shows how much you can request for yourself.
Say you have announced willingness to assist with $ 100. You will be rewarded in your PO with 100 mavro. And they will immediately start growing! A month later, these 100 will become 130 mavro. Accordingly, you will be able to request assistance for $ 130.
However, it is not necessary at all to wait for a month. Help can be requested at any time. But only after confirmation of your mavro. What does "after confirmation" mean? It means only after you actually transfer money, i.e. really give assistance to another participant. (But not just declare willingness. :-)) Request for providing help comes to you in your personal office. If you do not do it within 48 hours, you will be removed from the system. (For all eternity. :-))

WHAT IS MMM / MMM Federal Republic of Nigeria - Official Website

Nigerians are really tired of NSE ponzi scheme more reason the market will continue to TANK,

MMM is the latest Ponzi scheme in town now, With just 11months old and people had been bailing out with 30% interest plus $50 on monthly basis since it inception last year nov.

Now that dollar is out of reach for importation most traders has as well resort to investing in the MMM ponzi scheme not minding CBN and SEC warnings albeit both institutions cannot be trusted too.

The masses has been so pushed to wall they now prefer crash with the guarantee 30% monthly interest MMM than die of HUNGER.

And from my assertion this MMM ponzi scheme has come to stay as long as the current economic recession last.

In a knutshell MMM is actually where the money is flowing into and there is nothing CBN can do about it since it doesn't have a central bank account.

*ThE OcToPuS*
Kalo Kalo.

Hope you know how this ponzi will fail? There is a computer that monitors those that pledge and those receiving. Where those that pledge( in terms of amount) are more than those that receive, the ponzi thrives. It starts to fail when those that pledge are less than those who want to receive. Then you will start noticing changes. The first change us reduction in payout. The percentage starts to reduce or it will take a longer time for those who want to receive to get money. This is the first sign of crack and that is when you should bail out. But if you still stay, payout will.kerp decreasing till people get the same money they put or get nothing at the end.

Ultimately, the owner of the site will make the killing through constant clicks, upload and visitation of the site.

Don't get involved in this ponzi.
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  #34647 (permalink)  
Old 9th October 2016, 11:32 AM
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Default Re: MarketWatch

Quote:
Originally Posted by Oracle View Post
Kalo Kalo.

Hope you know how this ponzi will fail? There is a computer that monitors those that pledge and those receiving. Where those that pledge( in terms of amount) are more than those that receive, the ponzi thrives. It starts to fail when those that pledge are less than those who want to receive. Then you will start noticing changes. The first change us reduction in payout. The percentage starts to reduce or it will take a longer time for those who want to receive to get money. This is the first sign of crack and that is when you should bail out. But if you still stay, payout will.kerp decreasing till people get the same money they put or get nothing at the end.

Ultimately, the owner of the site will make the killing through constant clicks, upload and visitation of the site.

Don't get involved in this ponzi.
This was what happened in Zimbabwe. It was initially 100%. From there, it went to 30% and then the site just refused to open.
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  #34648 (permalink)  
Old 9th October 2016, 11:48 AM
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Default Re: MarketWatch

Quote:
Originally Posted by Oracle View Post
Kalo Kalo.

Hope you know how this ponzi will fail? There is a computer that monitors those that pledge and those receiving. Where those that pledge( in terms of amount) are more than those that receive, the ponzi thrives. It starts to fail when those that pledge are less than those who want to receive. Then you will start noticing changes. The first change us reduction in payout. The percentage starts to reduce or it will take a longer time for those who want to receive to get money. This is the first sign of crack and that is when you should bail out. But if you still stay, payout will.kerp decreasing till people get the same money they put or get nothing at the end.

Ultimately, the owner of the site will make the killing through constant clicks, upload and visitation of the site.

Don't get involved in this ponzi.
I am quite impressed at how ponzis have developed since the days of NOSPETCO. Even lekki gardens is a ponzi scheme. Albeit a very smart version
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  #34649 (permalink)  
Old 9th October 2016, 12:19 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Oracle View Post
Kalo Kalo.

Hope you know how this ponzi will fail? There is a computer that monitors those that pledge and those receiving. Where those that pledge( in terms of amount) are more than those that receive, the ponzi thrives. It starts to fail when those that pledge are less than those who want to receive. Then you will start noticing changes. The first change us reduction in payout. The percentage starts to reduce or it will take a longer time for those who want to receive to get money. This is the first sign of crack and that is when you should bail out. But if you still stay, payout will.kerp decreasing till people get the same money they put or get nothing at the end.

Ultimately, the owner of the site will make the killing through constant clicks, upload and visitation of the site.

Don't get involved in this ponzi.
Oracle my oracle! You are spot on that this is a ponzi scheme but you underestimate the brilliance of the fraud.

People pledge help and people get help. As an ordinary user you have to pledge to give help before you can get help. All the owner of the service needs to do is to be asking for help and he will having people pay money to him constantly. This way it appears there is no central account when in reality.......

Anyway make people carry go.
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  #34650 (permalink)  
Old 9th October 2016, 01:36 PM
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Default Re: MarketWatch

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Originally Posted by migiets View Post
This was what happened in Zimbabwe. It was initially 100%. From there, it went to 30% and then the site just refused to open.

https://pageone.ng/2016/10/06/mmm-e-...s-journalists/

MMM E.Africa, admin to MMM Zimbabwe has denied reports that it crashed in Zimbabwe. In an enquiry to MMM E.Africa via its website, the online consultant said:

“Good day. How is Nigeria today? I have received a lot of inquiries from MMM participants in Nigeria about a news article that appeared in some section of the media”.

“The general question from Nigeria is “has MMM Zimbabwe crashed?” Please note that MMM E.Africa where Zimbabwe falls under has not and will not crash. The only notable thing to write about is the Pause mode effected from 10 August and lifted on 6 September.

“It was to build PH reserves. It has since been lifted and the GH train is slowly and surely moving. Also note MMM E.Africa is not linked to MMM Nigeria, and whatever happened, is happening and will happen in MMM E.Africa has no influence or effect whatsoever to MMM Nigeria”.

“What will contribute to a crash any MMM is unnecessary panic like the one which may arise as people believe old news which a journalist just copy-pasted from an early August 2016 piece. Please relax, stay calm, Provide Help, Get Help, recruit and together we change the world”.

The stance that it is still operating in Zimbabwe is exactly the opposite of what some of its members told reporters in Zimbabwe

MMM E. Africa has not publicly given this statement. In August, Reserve Bank of Zimbabwe, RBZ had warned all Zimbabweans to stay away from the scheme calling it a Ponzi Scheme. Securities and Exchange Commission of Nigeria had also warned Nigerians about MMM.

Mrs Rosemary Mawonde, an MMM member in Zimbabwe said: “We never thought the scheme would end this way as we believed that by using EcoCash to do the transactions, things were in order. I am surprised that EcoCash is also distancing itself from the scheme and it is clear that I will never recover the USD300 that I invested.”

EcoCash, the mobile money operator used by MMM members to transfer funds amongst themselves denied having any link with MMM. The company issued a statement that:

“We advise our valued customers and all stakeholders that Ecocash is a licensed mobile payment platform that enables customers to make financial transactions such as sending money, buying prepaid airtime as well as paying for goods and services within the confines of the law of Zimbabwe. EcoCash promotes safe and legal transactions but will not be held liable for any losses arising from the use of EcoCash to engage in illegal activities such as Ponzi schemes.”
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  #34651 (permalink)  
Old 9th October 2016, 01:53 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Oracle View Post
Kalo Kalo.

Hope you know how this ponzi will fail? There is a computer that monitors those that pledge and those receiving. Where those that pledge( in terms of amount) are more than those that receive, the ponzi thrives. It starts to fail when those that pledge are less than those who want to receive. Then you will start noticing changes. The first change us reduction in payout. The percentage starts to reduce or it will take a longer time for those who want to receive to get money. This is the first sign of crack and that is when you should bail out. But if you still stay, payout will.kerp decreasing till people get the same money they put or get nothing at the end.

Ultimately, the owner of the site will make the killing through constant clicks, upload and visitation of the site.

Don't get involved in this ponzi.
There is nothing wrong with getting involve in a Ponzi scheme be it NSE, MMM, FOREX TRADING, BINARY OPTION or whatever name they call it.

The bottomline is don't invest what you CAN'T AFFORD TO LOSE.

*ThE OcToPuS*
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  #34652 (permalink)  
Old 9th October 2016, 02:58 PM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
There is nothing wrong with getting involve in a Ponzi scheme be it NSE, MMM, FOREX TRADING, BINARY OPTION or whatever name they call it.

The bottomline is don't invest what you CAN'T AFFORD TO LOSE.

*ThE OcToPuS*
Carry go. It is permitted to live dangerously.
It is even permitted to have unprotected sex with a known aids patient and take a warm bath afterwards to wash away the virus.

Last edited by duduspace; 9th October 2016 at 05:02 PM.
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  #34653 (permalink)  
Old 9th October 2016, 08:04 PM
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Default Re: MarketWatch

Quote:
Originally Posted by PETERICHY View Post
There is nothing wrong with getting involve in a Ponzi scheme be it NSE, MMM, FOREX TRADING, BINARY OPTION or whatever name they call it.

The bottomline is don't invest what you CAN'T AFFORD TO LOSE.

*ThE OcToPuS*
Quote:
Originally Posted by duduspace View Post
Carry go. It is permitted to live dangerously.
It is even permitted to have unprotected sex with a known aids patient and take a warm bath afterwards to wash away the virus.
Just as it was permitted to invest in "Noah's" ark (Oando) with a targeted exit price of N1000.00.
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  #34654 (permalink)  
Old 9th October 2016, 08:13 PM
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Default Re: MarketWatch

Quote:
Originally Posted by migiets View Post
Just as it was permitted to invest in "Noah's" ark (Oando) with a targeted exit price of N1000.00.
Baddest Somebody!
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  #34655 (permalink)  
Old 9th October 2016, 09:47 PM
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Default Re: MarketWatch

Quote:
Originally Posted by migiets View Post
Just as it was permitted to invest in "Noah's" ark (Oando) with a targeted exit price of N1000.00.
It's 2006 all over again. Now I know there is recession 🎶 both in the economy and in reasoning
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  #34656 (permalink)  
Old 26th October 2016, 03:31 PM
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Default Re: MarketWatch

Stock Exchange lists first waste management company - The Nation Nigeria

They just sneaked this one into ASEM
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  #34657 (permalink)  
Old 26th October 2016, 04:46 PM
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Default Re: MarketWatch

The retail investors are key to sustained market positive trajectory. The SEC also finally agrees and has set the ball rolling to reintegrate retail investors (in their numbers) back into mainstream stock investing.

Details available at

Dialectic Africa Analyst
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  #34658 (permalink)  
Old 27th October 2016, 07:36 AM
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Default Re: MarketWatch

Jaiz Bank gets approval to list on NSE - Punch Newspapers

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Speaking at the Extraordinary General Meeting of the bank in Abuja, its Chairman, Dr. Umaru Abdul Mutallab, said with the shareholders’ endorsement, the bank’s authorised share capital had been sub-divided from 15,000,000,000 ordinary shares of N1 each to 30,000,000,000 ordinary shares of 50 kobo each.

Also speaking at the event, the Managing Director/Chief Executive Officer, Jaiz Bank, Mr. Hassan Usman, said once listed on the NSE, existing shareholders would be free to trade their shares while new investors could also invest by buying the shares.
Oga waves don hammer big time..
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Old 9th November 2016, 02:56 PM
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Default Re: MarketWatch

"However, Nairametrics has also been informed by sources with knowledge of the matter that a post no debit order has been placed on the bank accounts of Morgan capital thus, preventing clients from withdrawing from their brokerage accounts."


http://nairametrics.com/alert-nse-pl...bit/:eek::eek:
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Old 10th November 2016, 08:55 AM
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Default Re: MarketWatch

SEC Investigates Five Capital Market Operators over Investors’ Complaints | THISDAYLIVE


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The CMOs are Bytofel Securities and Trust Limited, Jenkens Investment Limited, Securities Solutions Limited, Wizetrade Capital & Asset Management Limited and Elyon Assets Management Limited. Although SEC did not disclose the nature of complaints, it may not be unconnected with unauthorised sale of clients’ shares among others.
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