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Forum: Off Topic 18th October 2014, 08:26 PM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

It was unbelievably naive of this government to announce the ceasefire before it's conclusion. If there are saboteurs (either within BH or opponents of GEJ), such announcements before the girls are...
Forum: Personal Finance/ Financial Planning 17th October 2014, 10:49 AM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

If crude oil prices continue dropping, there may be no subsidy to remove after elections. Subsidy exists because high crude oil prices makes imported refined PMS expensive. I suspect that when crude...
Forum: Nigerian Stock Exchange 14th October 2014, 11:22 PM
Replies: 33,036
Sticky: MarketWatch
Views: 899,057
Posted By Waves
Forum: Banking Stocks 13th September 2014, 07:20 AM
Replies: 11,716
Views: 351,856
Posted By Waves
Re: The Banks

I recently entered a taxi and noticed that as we approached an FRSC patrol team, the taxi driver quickly brought out a black tape which from a far must have looked like a seat belt and strapped it...
Forum: Banking Stocks 12th September 2014, 12:55 PM
Replies: 11,716
Views: 351,856
Posted By Waves
Re: The Banks

Our Banks will be better managed if big depositors take an active role in analyzing bank books and discriminating based on performance. MTN had no deposit in any of the banks taken over by CBN in...
Forum: Nigerian Stock Exchange 4th September 2014, 06:07 PM
Replies: 33,036
Sticky: MarketWatch
Views: 899,057
Posted By Waves
Re: MarketWatch

Elliot Wave theory indicates the market will further go down.
Forum: Mutual Funds, Bonds, Insurance 14th June 2014, 12:05 AM
Replies: 23
Views: 924
Posted By Waves
Re: Nigerian Treasury Bills

Just worth noting that T Bills are discounted instruments. This means you pay the discounted amount at the beginning and receive full value at the end of the period. This distinction is very...
Forum: Personal Finance/ Financial Planning 6th June 2014, 10:01 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

COT is gradually been phased out. It is N2 now, it will be N1 in 2015 and N0 from 2016.

Generally COT applies even to same bank transactions. Most banks make exception for 'Own Accounts' transfers...
Forum: Off Topic 22nd May 2014, 07:40 AM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

Recently, I sat next to some Igbo men who were discussing the state of the nation. Most of them were arguing that either this BH issue stops or Nigeria should be broken up. One of them who was silent...
Forum: Off Topic 12th May 2014, 06:20 PM
Replies: 1,020
Views: 30,592
Posted By Waves
Re: Comic relief...

Girl : Dad, my fiancée is a Hausa man

Dad : No! God forbid........................Boko Haram people. I will never allow that........No........

Girl : His father is...........

Dad : I don't...
Forum: Off Topic 12th May 2014, 03:21 PM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

Typically, investment forums like this one attract mature individuals with above average intelligence to be able to not analyze stocks but appreciate the fact that all the atrocities been carried out...
Forum: Off Topic 9th May 2014, 04:11 PM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

Widespread election violence erupts in Nigeria - CNN.com (http://edition.cnn.com/2011/WORLD/africa/04/19/nigeria.election/)

Buhari's office issued a statement Tuesday calling reports of burning of...
Forum: Off Topic 8th May 2014, 08:11 AM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

Just for information purposes, the tittle Permanent Secretary is what is currently in use at both Federal and State levels. The tittle Director General was introduced by the Babangida administration...
Forum: Off Topic 20th April 2014, 09:26 AM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

http://www.crisisgroup.org/~/media/Files/africa/west-africa/nigeria/216-curbing-violence-in-nigeria-ii-the-boko-haram-insurgency.pdf

For those interested in understanding this BH issue, this is...
Forum: Personal Finance/ Financial Planning 11th April 2014, 07:14 AM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

Is this not thesame Samir Gadio that was saying we must raise rates to 17-18% to retain and attract FPI? Our policy makers should have more firm views of their own than paying undue attention to the...
Forum: Personal Finance/ Financial Planning 27th March 2014, 10:38 AM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

What has a CBN Governor got to do with mundane issues like LCs?

It will continue to be difficult to find sound Economists in Banks to appoint as CBN Governors partly because of the way banking is...
Forum: Personal Finance/ Financial Planning 26th March 2014, 09:24 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

I watched the confirmation hearing of the CBN Governor nominee, Godwin Emeliefe today. My conclusion is that he is the wrong man for the job. Godwin is simply a banker with very limited understanding...
Forum: Personal Finance/ Financial Planning 25th March 2014, 11:52 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

http://www.cenbank.org/Out/2014/MPD/Communique%20No%2094%20March%202014.pdf

So 4 members actually wanted to increase MPR.
Forum: Nigerian Stock Exchange 24th March 2014, 10:06 PM
Replies: 33,036
Sticky: MarketWatch
Views: 899,057
Posted By Waves
Re: MarketWatch

......and time horizon as well as liquidity. In the very long run, nothing beats good equities.
Forum: Personal Finance/ Financial Planning 28th February 2014, 02:57 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

Sometimes I wonder whether we are running this economy for Nigerians or foreign investors. Regulators and commentators seems more concerned about what will affect foreign investors that what will...
Forum: Off Topic 24th February 2014, 10:25 AM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

This is the crux of the matter. Soludo virtually drafted this Act to suit him and got OBJ and NASS to pass it in the last month of their tenure in 2007. Then, nobody was thinking that SLS will be CBN...
Forum: Personal Finance/ Financial Planning 21st February 2014, 06:04 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

Guys, SLS is gone. He played his part......some good, some not so good. His place in our Economic history will be determined by unfolding events.

Let's focus on the Acting Governor and the...
Forum: Personal Finance/ Financial Planning 20th February 2014, 01:32 PM
Replies: 11,838
Views: 209,990
Posted By Waves
Re: Economicwatch

Legally speaking, until he resigns, SLS remains the Governor. In between, Sarah acts.
Forum: Off Topic 17th February 2014, 10:20 AM
Replies: 36,481
Views: 383,413
Posted By Waves
Re: State of the Nation

Please don't drag Mr President in to this. This whole idea of Governors / Presidents traveling and spending two to three days to commission projects is a hopeless activity. Whenever I watch these...
Forum: Nigerian Stock Exchange 14th February 2014, 08:04 PM
Replies: 33,036
Sticky: MarketWatch
Views: 899,057
Posted By Waves
Re: MarketWatch

Faro 44 is a high yielding brand of rice that is been promoted by the current govt as a means of ending importation of rice. It has a short turnover period of 110-120 days.
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