http://www.ngrguardiannews.com/2015/12/nigerias-crude-oil-falls-to-31-49/

Govt orders special fuel supply • External trade slides by N2.49tr over forex • CBN says currency crash due to speculative attacks
<strong

AS the Federal Government grapples with how to salvage the economy, the continued sliding of the price of crude oil may require that its effort should be intensified.

Indeed, Nigeria’s Bonny Light crude oil hit its lowest level at $31.49 a barrel at the weekend due to global crude oil glut at the international market. The price of Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crudes stood at $31.49 a barrel compared with $32.28 it earlier recorded.

PETERiCHY:
http://www.ngrguardiannews.com/2015/12/nigerias-crude-oil-falls-to-31-49/

Govt orders special fuel supply • External trade slides by N2.49tr over forex • CBN says currency crash due to speculative attacks
<strong

AS the Federal Government grapples with how to salvage the economy, the continued sliding of the price of crude oil may require that its effort should be intensified.

Indeed, Nigeria’s Bonny Light crude oil hit its lowest level at $31.49 a barrel at the weekend due to global crude oil glut at the international market. The price of Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crudes stood at $31.49 a barrel compared with $32.28 it earlier recorded.

where are we heading to, but I believe in the divine turn around. I hereby declare and announce 2016 the year of divine turn around.

haba this crude oil price should try to artificially rise this week so we can make little gain and tighten our seat belt against next year compicated oil price , monetary and economic issues.no be small wahala o.

locodemy:
haba this crude oil price should try to artificially rise this week so we can make little gain and tighten our seat belt against next year compicated oil price , monetary and economic issues.no be small wahala o.

no matter what,some stocks by fire by fire MUST deliver this week and next and we shall have more cash to start the new year in joy.

Stock Market Quote:

The intelligent investor is a realist who sells to optimists and buys from pessimists. - Benjamin Graham

http://www.marketwatch.com/story/brent-oil-tumbles-to-lowest-level-since-2004-2015-12-21

Brent oil prices plummeted to levels not seen since 2004 in Asia on Monday, as an expanding global surplus due to high-paced production output sparked fears that prices will fall further.

Brent prices for front-month February LCOG6, -1.98% delivery hit $36.17 a barrel on the London-based ICE Futures Europe Exchange, the lowest intraday level since the middle of July in 2004. Brent was most recently off 60 cents, or 1.6%, to $36.28 a barrel.

U.S. Benchmark West Texas Intermediate CLF6, -1.21% fell 36 cents, or 1%, to $34.37 a barrel.

Both benchmarks have lost at least 35% since the beginning of the year.

http://mobile.reuters.com/article/idUSKBN0U401520151221


The price of Brent crude plumbed 11-year lows on renewed worries over a global oil glut.

Brent crude futures LCOc1 slumped as low as $36.17 a barrel, the lowest since 2004 as production around the world remained at or near record highs, and a strong dollar following last week's U.S. rate increases weighed on demand.

They were 1.3 percent lower at $36.41 as of 0620 GMT while U.S. crude CLc1 slid 24 cents to $34.49 a barrel, close to Friday's 2015 lows.

PETERiCHY:
APC DON PLAY US 419.

Baby since a litre of petrol is now higher than a plate of pounded yam. we rather eat and do the riding.

Buhari no go kill our love ooo.

try go put this in the politics thread.what has this got to do with stock market?

BNSITL, what are the implications of:
1. Dangote leaving the chairmanship of the board of NASCON?
2. FCMB's inconclusive auditing of Q3.

DeRuggedProf:
BNSITL, what are the implications of:
1. Dangote leaving the chairmanship of the board of NASCON?
2. FCMB's inconclusive auditing of Q3.

Dangote leaving NASCON will likely trigger a selling spree but I will be watching very closely because NASCON is a good stock to own for the long term at half its current price.

I actually prefer to invest in stocks that are not "One man show" stocks because the they do not depend on the life of just one man.

http://www.proshareng.com/news/Nigeria%20Economy/Failed-States-Index:-Nigeria-Ranked-15-out-of-177-Nations/7135


Nigeria was yesterday ranked the 15th most failed nation in the world, out of a total of 177 countries that were surveyed.

The country moved upwards three places from 18th position in 2008; and 17th in 2007.

The newly released Failed State Index 2009 was published by the United States think-tank and an independent research organisation,

The Fund for Peace, and the magazine Foreign Policy. this is the 5th edition, since 2005.

megainvest:


Dangote leaving NASCON will likely trigger a selling spree but I will be watching very closely because NASCON is a good stock to own for the long term at half its current price.

I actually prefer to invest in stocks that are not "One man show" stocks because the they do not depend on the life of just one man.

give us five examples of one man show stocks??

MERCYFUL

http://www.punchng.com/foreign-shipping-firm-quits-nigeria-over-trade-decline/

Japanese shipping line, Nippon Yusen Kaisha, is set to quit the Asia-West Africa route, Dewry, an independent maritime advisor, has said.

Data from Container Trades Statistics showed that container volumes from Asia to West Africa decreased in nine months in 2015, with the most recent year-on-year decline reaching 10 per cent.

The NYK makes two calls in Nigeria, Lagos-Apapa and Lagos-Tincan, but the country has suffered badly from crashing oil prices as it relies on oil revenue for over 90 per cent of its foreign exchange earnings.

With excess supply, Nigeria is having difficulty selling its oil. It has also been forced to sell much of its production on the spot at even lower rates.

Nigeria’s currency, the naira, has subsequently fallen to record lows against the US dollar. Construction contracts and international investment have stalled with consumer demand also considerably reduced.

Cargo volumes which fell by 30 per cent from 2014 have obliged APM Terminals to cut its workforce at its facilities in Apapa.

Dewry said, “The lacklustre demand in the trade has forced carriers to curb any growth to capacity with the monthly count of available southbound slots generally static in the last few months.

It has also predicted that more carriers might quit the sector as container volumes continue to fall, resulting in reduced vessel load factors and declining freight rates.

DeRuggedProf:
BNSITL, what are the implications of:
1. Dangote leaving the chairmanship of the board of NASCON?
2. FCMB's inconclusive auditing of Q3.

Is he leaving, BITL Ihedioramma does it mean that our man is Confuse?.

As I enter Morgan capital itrade this morning, I found out that things are not getting better, stocks price are still falling, most stock started with red, I pray that next year will be better than this year, in Jesus name I pray, amen.

Chibuking81:
Is he leaving, BITL Ihedioramma does it mean that our man is Confuse?.

not at all, from today up to 2nd month of 2016 are deys of bears bewere i am ihedioramma .

https://www.rt.com/business/326619-oil-prices-brent-us-export/ Oil prices plummet to 11-yr low
as US lifts export ban
Published time: 21 Dec, 2015 08:15
Edited time: 21 Dec, 2015 08:59
© David McNew / Reuters
Brent crude prices have fallen close to
$36 per barrel, their lowest level since
2004. This comes on worries of global
oversupply as Washington lifts the ban
on oil exports and US oil reserves
reach an 85-year high.
As of 8:30 a.m. GMT Monday, Brent
blend was trading at $36.15 a barrel,
while US benchmark West Texas
Intermediate was at $34.32.
On Thursday, the Energy Information
Administration (EIA) said that the
current US oil inventories stand at
490.7 million barrels, while refineries
operated at 92 percent of their
capacity in the week ending December
11.
Oil was dealt a double blow Friday,
when US President Barack Obama
signed a bill to lift the US export ban.
The ban was established during the US
oil shortages in the 1970s, as part of a
bigger deal that included tax breaks for
renewable-energy companies and
refiners.
“I don’t doubt you’ll see some exports
next year. We’re pretty excited about it,
but we’ve also got to get the
infrastructure in place,” ConocoPhillips
CEO Ryan Lance told Bloomberg.
American oil exports are “not going to
happen Monday, but within a week or
two, you’re going to see contracts be
developed and a system come into place,”
Representative Joe Barton, a Texas
Republican and the House’s chief
advocate for ending the export ban,
told Bloomberg.
Iraqi Oil Minister Adel Abdul Mahdi
said that oil prices could rebound in
2016 on improved global economic
growth, in an interview with Assabah
newspaper published Monday.
"There is big hope that, in the first half or
by the end of next year, oil prices would
return to what they were," he told the
Iraqi daily, not specifying a price level.
Oil prices have been under pressure
over concerns of global oversupply.
OPEC's output was the highest in over
three years at 31.7 million barrels per
day in November. Russia’s oil output
has continued hovering at post-Soviet
record levels in November at 10.779
million barrels per day.
Many oil exporting countries will now
have to amend their 2016 budgets. In
its federal budget adopted for 2016,
Russia was relying on $50 per barrel
and 63.3 rubles per dollar. Russian
President Vladimir Putin said the
budget needs to be adjusted.

ihedioramma:
not at all, from today up to 2nd month of 2016 are deys of bears bewere i am ihedioramma .

Ihedioramma, have you joined the bear group? Bear may dominate first and second quarter of next year, but bull shall return to complete the year, no matter what, next year is the year of the Divine turn around and divine financial increase, amen.

Chibuking81:
https://www.rt.com/business/326619-oil-prices-brent-us-export/ Oil prices plummet to 11-yr low
as US lifts export ban
Published time: 21 Dec, 2015 08:15
Edited time: 21 Dec, 2015 08:59
© David McNew / Reuters
Brent crude prices have fallen close to
$36 per barrel, their lowest level since
2004. This comes on worries of global
oversupply as Washington lifts the ban
on oil exports and US oil reserves
reach an 85-year high.
As of 8:30 a.m. GMT Monday, Brent
blend was trading at $36.15 a barrel,
while US benchmark West Texas
Intermediate was at $34.32.
On Thursday, the Energy Information
Administration (EIA) said that the
current US oil inventories stand at
490.7 million barrels, while refineries
operated at 92 percent of their
capacity in the week ending December
11.
Oil was dealt a double blow Friday,
when US President Barack Obama
signed a bill to lift the US export ban.
The ban was established during the US
oil shortages in the 1970s, as part of a
bigger deal that included tax breaks for
renewable-energy companies and
refiners.
“I don’t doubt you’ll see some exports
next year. We’re pretty excited about it,
but we’ve also got to get the
infrastructure in place,” ConocoPhillips
CEO Ryan Lance told Bloomberg.
American oil exports are “not going to
happen Monday, but within a week or
two, you’re going to see contracts be
developed and a system come into place,”
Representative Joe Barton, a Texas
Republican and the House’s chief
advocate for ending the export ban,
told Bloomberg.
Iraqi Oil Minister Adel Abdul Mahdi
said that oil prices could rebound in
2016 on improved global economic
growth, in an interview with Assabah
newspaper published Monday.
"There is big hope that, in the first half or
by the end of next year, oil prices would
return to what they were," he told the
Iraqi daily, not specifying a price level.
Oil prices have been under pressure
over concerns of global oversupply.
OPEC's output was the highest in over
three years at 31.7 million barrels per
day in November. Russia’s oil output
has continued hovering at post-Soviet
record levels in November at 10.779
million barrels per day.
Many oil exporting countries will now
have to amend their 2016 budgets. In
its federal budget adopted for 2016,
Russia was relying on $50 per barrel
and 63.3 rubles per dollar. Russian
President Vladimir Putin said the
budget needs to be adjusted.

when the United State of American that use to be the highest buyer of the Nigeria crude oil, now become one of the highest seller, then who will buy?

Oando as a company has mapped out stragegies to beat the oil price fall and likely the share price will go up despite all odds.

Here's Why There's a Huge Opportunity in Oil Prices - Fortune http://fortune.com/2015/12/21/oil-prices-low/

We’ve hit peak pessimism.
“There is no bid for oil.” Those were the first words I heard recently from Bloomberg’s Tom Keene when I turned on the television a little before five.

The media follows mood, and Mr. Keene was expressing the sentiment of crude oil traders around the globe—saturating hopelessness. No one buying. Only selling.
Finally!

Goldman Sachs GS -3.90% , for example, is forecasting $20 a barrel crude prices ahead.

Even more, investors now believe that OPEC is completely unwilling and unable to do anything to change the downward trajectory for the price oil. The once all-powerful cartel has been upended by bitter infighting, intense national self-interest and global oversupply.

But the bad news for crude doesn’t stop there. From the unusually warm weather in the US to the Federal Reserve’s decision to raise interest rates to slowing global growth ahead, everything is seen as a demand headwind for crude.

Meanwhile, crude oil overcapacity and oversupply reigns. There is so much crude out there we’ve now run out of places to put it. As one headline put it recently, “Oil Tankers Are Filling Up As Global Storage Space Runs Low.”

As I see it, investors now have every reason to sell and absolutely no reason to buy. Not only are current conditions horrific, but they’re forecast to just get worse.

The currencies of commodity-driven countries like Brazil and South Africa are in freefall, with both countries announcing new finance ministers–

And in the case of South Africa, two finance ministers, as the naming of the first replacement did nothing to stem the country’s currency collapse.

Then there was this from a new report from the International Energy Agency last week: “The golden age of coal seems to be over . .

The best time to buy is when investors have to relive their loneliest and most awkward middle school lunchroom moments. To buy commodities now means to go against the entire and very vocal cool crowd.

While few will be willing, history suggests that today’s saturating hopelessness makes this is a great time to buy.

OYIBO THE MONKEY SELLER

megainvest:
Stock Market Quote:

The intelligent investor is a realist who sells to optimists and buys from pessimists. - Benjamin Graham

I like this.

daemperor1:
I like this.

The market is a place of very high/uncertain relativity.
The REALIST, at the point of buying from the PESSIMIST(CYNIC) is an OPTIMIST. So in reality, the marketS have no REALISTS, its a flux of near-gamblers!

some stocks that will rally this week and next are not good fundamental stocks as people may say.i have figured unity bank,oando,courteville,maybaker, and livestock as stocks that will gain momentum.When the market is very down,market players use some wuruwuru stocks that are not investors choice to gamble.

DeRuggedProf:


The market is a place of very high/uncertain relativity.
The REALIST, at the point of buying from the PESSIMIST(CYNIC) is an OPTIMIST. So in reality, the marketS have no REALISTS, its a flux of near-gamblers!

This is serious analysis. You are a real Prof.

DeRuggedProf:


The market is a place of very high/uncertain relativity.
The REALIST, at the point of buying from the PESSIMIST(CYNIC) is an OPTIMIST. So in reality, the marketS have no REALISTS, its a flux of near-gamblers!

Truly there's a fine line btw the PESSIMIST and the REALIST, it's up to the trader/investor to decide what to b at every given time. In all, win more than u lose.

Chibuking81:
Ihedioramma, have you joined the bear group? Bear may dominate first and second quarter of next year, but bull shall return to complete the year, no matter what, next year is the year of the Divine turn around and divine financial increase, amen.

AMEN