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Travel / Re: Travel Agency,agents,tour Operatours,and Tourism. by BIGBOYLARY(m): 9:48pm On Nov 08, 2007
@vikiviko,

We lack qualify and well structured approved Travels and Tour operatours to market our Country, How many Travels agency that can bost of a good uptodate brochures of Naija.?
Travel / Travel Agency,agents,tour Operatours,and Tourism. by BIGBOYLARY(m): 4:03pm On Nov 04, 2007
We have to recognised the important of travels and tourism to the developments of our Country. The World Travel Markets which starts next week is an important avenue we can used to develop and sell to the world our natural rich tourist sites to the World which will brings in more jobs and growth to our Nation.

Kindly contributes how you think we can move the Country forward through this medium which i think is still waiting to be tapped.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 3:51pm On Nov 04, 2007
will transcorp survived this hallucination i am a victim already but am watching,
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 4:46pm On Oct 20, 2007
@ Mr .Cee

Bigboylary You are with Vetiva are they managing your shares for your or you give them instruction before they execute?

Why not you give them a try it depends on what who wants and like here is more details informations on VETIVA.

Vetiva Stock Broking Account – (Minimum Deposit – N1million/$10,000)

As a Client, you will exercise full discretion in the Management of your Portfolio;
Investment activities shall be carried out on client portfolios in accordance with strict instructions obtained from the client and Vetiva shall not initiate any investment activities on behalf of StockBroking clients;
Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out);

Monthly Online statements will be available to Clients on login to their accounts.

CATEGORY 2: Vetiva Investment Management Programme - Non-Discretionary Portfolio (Minimum Deposit – N15million/$100,000)
Clients exercise full discretion in the management of their portfolios. Investment activities shall only be carried out on client portfolios in accordance with strict instructions obtained from the client;

Investment activities shall be carried out on client portfolios in accordance with strict instructions obtained from the client and Vetiva shall not initiate any investment activities on behalf of Non-discretionary clients;

Clients will be assigned a dedicated Relationship Officer who will perform the following functions:

Take instructions from the client and ensure execution;

Provide personalised Investment Advisory Services;

Takes responsibility for Portfolio Administration;

Quarterly Portfolio Reports will be dispatched to the Client;

Quarterly Meetings will be held to discuss Clients’ Portfolios;

Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out).

CATEGORY 3: Vetiva Investment Management Programme - Discretionary Portfolio (Minimum Deposit – N15million/$100,000)

Client investments are managed at Vetiva’s sole discretion in order to achieve agreed laid-down investment objectives. This means that the mandate is an unlimited mandate to act on the Client’s behalf in order to achieve the investment objective without it being necessary to obtain further authority or consent from the client to effect any transaction;

Clients will be assigned a dedicated Relationship Officer/Portfolio Manager who will perform the following functions:

Manage the Portfolio at his/her sole discretion in line with agreed objectives;

Takes responsibility for Portfolio Administration;

Quarterly Portfolio Reports will be dispatched to the Client;

Quarterly Meetings will be held to discuss Client Portfolios;

Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out).

Hope these information will do. cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 6:53am On Oct 20, 2007
@ ALL,

As i open my crystal ball i see before me full basket of EMERGING INSURANCE COYS WITH GOODIES!!!!!!!!!! So busy but am loving this thread Best OF NIGERIA NAIRALAND EXPO @ EXCELDOCKLAND IN LONDON today, anyshow 4 Yankee axis but guys come to think of this i found nothing from CANADA axis why was it only NAIJA, UK AND YANKEE dominated are setting the paste here? come on gurus all over the world show Ur face this is the emerging birth of naija gurus thread am loving it cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 6:42am On Oct 20, 2007
@jehosaphat,



why not give VETIVA a short andd see what will happen not because am with them but i just want you to cathch inn on there services for Naija outside the shore
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:30pm On Oct 10, 2007
@jehosaphat

Guys,
Does anyone have a specific contact email address or phone number of a Vetiva account management personnel? I sent them an email at info@vetiva.com but no reply, How Do I open an account from outside Nigeria otherwise I need help people, no ignore me abeg

i used VETIVA you ca call them on 234-1-4617521-3 and 2700657-8 FOR ME THEY ARE SOLID AS ROCK.
Adverts / World Travel Market London by BIGBOYLARY(m): 9:27pm On Oct 09, 2007
@ ALL,

                                                          WORLD TRAVEL MARKET

Staged annually in London under one roof, World Travel Market (WTM) is a must attend, business to business exhibition. WTM provides a unique opportunity for the whole global travel trade industry to meet, network, negotiate, conduct business and stay abreast with the latest developments in the travel industry.

2006 Industry attendance  Meridian Club Members 11,410
Trade Professionals 11,071
Total Visitors 22,481
International Press 3,144
Exhibiting Personnel 19,834
Students 1,416
Ministers 70
Total Industry Participants 46,945,

                       I THINK ITS A MUST VISIT FOR ALL TRAVELS TRADE PROFESSIONALS.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 10:51pm On Oct 08, 2007
@ All

As i open my crystal ball i see before me IKEJA HOTEL PLC and i bought heavily into it THAT is why am still smiling non stop.To be informed is to be transformed

@Tmoni,
shine your eyez well well hammer your broker for more details

@NBA,
I call Vetiva on Friday 4617521 and it was always busy i beg you get another fast line to reach them.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 2:12pm On Oct 06, 2007
@Tmoni,

Was informed last month that it will go out you know all this info from insider but as the mentioned money was raised i just chilled like Jack daniel on ice and wait to see the unfolding senerio,
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 1:39pm On Oct 06, 2007
@Tmoni,

Breaking the echelon of 5 million naira for ETB PRIVATE PLACEMENT which i dont think its possible makes me wonder if its true or something cooking but found nothing on my radar for now let wait for the full moon grin
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 1:13pm On Oct 06, 2007
@ ALL

Kindly let me know if u are a member of VETIVA CAPITAL MANAGENT LIMITED members in the house?
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 11:22pm On Oct 01, 2007
@ jehosaphat,
how you doing hope u dey my brother more gbosa to your purse there is the juicy bash coming out of the house of OCEANIC BANK, just stay hook and be on the alert my crystal ball emanating BIG CAKE its unstopable has i said,

@Skelewagy, JAPAUL OIL is a sure bet from my CRYSTAL BALL it as won $48.3m contract, and succeeded in winning a new contract for dredging and other marine services with SHELL and the contract will be executed within the next two years.
The facilities & equipment that are required for the successful execution of the job are virtually on ground and other ones that will be hired to compliment the existing equipment are already ordered for.

This is another milestone of successful story of Japaul and for the next two years income is guarantee for the company, additionally, there are other contracts that JAPAUL shall be signing before the year runs out and they run into millions of dollars. This is an indication that they will be able to meet up with our various dividend projections for the year 2007 & 2008, the only indigenous company competing with the foreign oil companies.

Also the monopoly enjoyed by the company in its sector of operation, am of the opinion that JAPAUL progressive financial record within the last five years make it a sure bet for me.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:08pm On Oct 01, 2007
@Tmoni,

Just back from Yankee and back to basic hope you are cool, MORE juicy new are emanating from my crystal ball on OCEANIC BANK i think we have to hambush it with a bang this time around its unbeatable!!!!

ON GTB,
 Why are u surprised its one of my best bank and i am still on there tail just imaging when they list there, I.P.O @ $12.75 in NAIJA and when i saw it on London stock exchange @ $11.20 omo i just wonder?

JAPAUL OIL IS A BET, HAPPY INDEPENDENCE TO OUR GREAT COUNTRY AND ALL PEOPLE OF NAIJA GOD BLESS OUR NATION.
Politics / Re: Special Thoughts For Nigeria At 47 by BIGBOYLARY(m): 9:27pm On Sep 30, 2007
GOD BLESS MY BELOVED FATHERLAND THERE IS NO PLACE LIKE HOME SWEET HOME LONG LIVE OUR COUNTRY
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:20pm On Sep 30, 2007
@ Vitastraka,

Kindly give us your prove we be willing to know and why do you think so?
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:36am On Sep 22, 2007
@ ALL,

AS I OPEN MY CRYSTAL BALL IS SEE B4 ME

PAST PERFORMANCE IS NOT NECESSARILY A GUIDE TO FUTURE PERFORMANCE

Many questions which as to be answer to but i can say that we should all be alert in taking decisions,The outcome of placing a temporary ban on Banks coming to the market be giving a go ahead, after raising about over #600 billion from the capital market?

The markets look some how over saturated with so many PP/IPO pending but we should be looking at VALUE investing also note that, Investments can fluctuate in price and value and the investor might get back less than was originally invested.
Investment / Re: Stocks That Can Make You Rich In 2007 by BIGBOYLARY(m): 7:25pm On Sep 07, 2007
@ easimoni,

You are rite am still waiting for the refund of my ADC collapsed shares up till now its no show anyway the waiting game can be up to years plus or sometimes less if U are just lucky thats my short@ the fund returning to hand.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 10:42pm On Sep 05, 2007
@ ALL,

SUMMARRY ON THE OUTLOOK OF DANGOTE FLOURS:

Opening date----- 6th september 2007

Closing date----------27th september 2007

Offer price---------- #15.00 per share

Shares on offer----- 1.25bn ord shares of 50k each

Offer size---------#18,750,000,000.00

Minimun offer--------- 1000 units

Market cap (post offer)----------#75,000,000,000.00

Forecast EPS(2008)-----------#1.49

Forecast DPS(2008)---------#1.20

Forecast PE Ration (2008)------------ 10.09

Forecast ROE (2008)--------------31.5%

So what do you think?
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 1:54pm On Sep 02, 2007
@ ALL,

As i open my crystall ball i see b4 me: NACHO Vs JAPAUL Where do you stand during this period, cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 1:50pm On Sep 02, 2007
@ ALL
NACHO COMES TO THE FLOOR WHAT DO YOU THINK

Nacho’s N2bn Share Offer Opens Sept 10, 2007

Existing shareholders and potential investors of the Nigerian Aviation Handling Company PLC (NAHCo), the nation’s foremost ground handling company, now have the opportunity of increasing their stakes in the Company, as the much awaited combined N2, 152,500,000 Public Offer opens on September 10 and closes on September 28. The exercise is aimed at raising adequate capital for the implementation of NAHCo’s three-year Corporate Business Plan.



NAHCo is offering 90million Ordinary Shares of 50k each at N17.50 per share through a Public Offer. The Company is simultaneously offering by way of rights 35million Ordinary shares of 50k each at N16.50k per share to existing shareholders as at 18th May, 2007.



The gross proceeds from the combined Offer are estimated at N2, 152,500,000. The estimated net proceeds is N2,002,590,465.00, after deducting the costs of the issue (N149, 909, 535.00 or 6.96%) will be used to fund the Company’s business growth and expansion strategy, which includes acquiring new Ground Support Equipments (GSEs), reinforcing the company’s technology platform, construction of new cargo sheds, re-branding, and increasing the working capital to support the expected expansion. About 49.56% of the net proceeds of the offer will be committed to the purchase of equipments which are critical to NAHCo’s operations.



At the Completion Board meeting of the Offer held in Lagos on Thursday, Alhaji Suleiman Yahyah, NAHCo’s Vice Chairman, stated that the Company needs the capital injection in order to further improve on its ability to continue to deliver maximum stakeholder value. Also at the occasion, Dr. Jonathan Long, Chairman of FCMB Capital Markets, one of the joint issuing houses, said the share offer is predicated on the need for NAHCo to continue to deliver quality services to domestic, regional, and international airlines.



NAHCo’s market capitalization, which at pre offer stands at N13.125 billion, is expected to increase to N15.312 billion after the offer. The Company’s Management and the Parties to the issue are confident that the share offer will be fully subscribed, given the impressive performance of the Company, as well as the robust trading of its shares on the Stock Exchange. NAHCo stock is the most active aviation stock in the Nigerian capital market.



Listed on the Stock Exchange on 28 November, 2006 at N5.50k, NAHCo’s share value remained steadily on the increase, closing at N70.05 in May 2007 before it was technically adjusted for dividend and bonus issue payment, in line with the regulations of the Capital Market. NAHCo investors reaped over 1000% capital gain between November 2006 and June 2007. The shareholders were also allotted bonus of 3 for 2.



This record performance by NAHCo stock has been described by analysts as the capital market’s reaction to the company’s strings of impressive performances, especially its 2006 operating results. The audited operating results of the company for the financial year ended 31 December, 2006, show that Turnover grew from N3.050billion to N3.245billion, while Profit before Tax rose by 21.4% from N457.7million to N555.9million.



NAHCo controls over 75% of the ground handling market in Nigeria, offering ground support services to 27 of the 35 airlines operating in the country. It recently also won the ground handling contracts for Arik Air, Delta Airlines, a new carrier licensed for the US-Nigeria route, and Aero Contractors at MMA Terminal 2.



Meanwhile, Mr. Bates Sarki Sule, MD/CEO of NAHCo, has disclosed that the company’s focus is on the provision of improved quality service, significant investment in purchase of brand new ground handling equipment, corporate re-branding, human capital development, and improvement in its automation systems. According to him, NAHCo is re-positioning in order to maximise stakeholder value and surmount the future challenges of competition.

source:http://www.proshareng.com/myproshare/portal_articles.php?id=1227
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 11:33pm On Sep 01, 2007
@ ALL

AS I OPEN MY CRYSTAL BALL I SEE B4 ME:Long time bearish period with many burns and tumble be careful not to fall along am waiting and keeping my moves open,sleep with one eye open we shall scale through cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 7:32pm On Aug 30, 2007
@ fineass,

Congratulations Windywendy. Guys where is the crystal Ball man Bigboylary aint heard(His posts) from him in a while too.

MY CRYSTAL BALL HAS TAKING ME TO STUDY THE ABUJACOMEX, it will return full force shortly just take a look am unfolding the new way of money making stocks info in Naija after gains and burns of NSE. cool cool cool



AS I OPEN MY CRYSTALL BALL I SEE BEFORE ME ANOTHER WAY TO MONEY MAKING:
Trading will commence soon and i think this is another avenue we should look into to add to our stocks portfolios, the on line trading will soon begin i have join in the train so why not, So far, the exchange has traded a cumulative value of about N40 million in 2,112 contracts since its inception in July 2006,I love my fatherland GOD BLESS NAIJA.



THE ABUJA SECURITIES & COMMODITY EXCHANGE (ASCE)
( www.abujacomex.com )

The Abuja Securities & Commodity Exchange(ASCE) was originally incorporated as a Stock Exchange on June 17, 1998. It commenced electronic trading in securities in May 2001 and was converted to a commodity Exchange on August 8, 2001 and brought under the supervision of the Federal Ministry of Commerce. The conversion was premised on the need for an alternative institutional arrangement that would manage the effect of price fluctuations in the marketing of agricultural produce which has adversely affected the earnings of farmers since the abolishment of commodity Boards in 1986. Attempts to establish a Commodity Exchange and Futures market in the country dates back to 1989 when an Inter-Ministerial Technical Committee was set up at the behest of the Central Bank of Nigeria to look into how a Futures Exchange for agricultural commodities could be established to address frontally the agro-commodity marketing problems.

The Exchange will be of immense benefits to farmers, agro-commodity processors and merchants, as it will serve as a veritable platform for them to mitigate the inherent risks in agricultural production and marketing. The enlarged market for agricultural produce, which the ASCE will engender, shall promote commercial farming and the growth of the agricultural sector. The Exchange will start operations in spot and forward markets and gradually introduce trading in warehouse receipts and eventually evolve into a futures market trading commodity futures and options. It will trade contracts in agricultural produce, solid mineral products, energy, financial indices and currencies. The Exchange will commence spot trading on agricultural commodity contracts in July 2006 and later in the year launch spot trading on solid mineral contracts.
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 4:14pm On Aug 30, 2007
@windywendy,

Congrats on your bouncing babe girl we go drink champeooooo!!!!!!!!!

@ Tmoni,
i beg no vex text me we need to hook up,lost my phone got back the sim .

@ ALL,

NICE JOB. cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:41pm On Aug 13, 2007
@ ALL,


What an interesting and explosive discussions ummh! the much awaited and rebirth of                                      
JAPAUL OIL AND MARITIME SERVICES. CLOSE ALL YOUR EYES AND PUT I MILLION ON IT ITS A SURE BET, cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:18pm On Jul 28, 2007
@ALL,

From my crystall ball i saw b4 me, CEMENT PRICE WAR
President Umaru Musa Yar’Adua has ordered the immediate reopening of the N12 billion Ibeto cement plant in Rivers

state, but Cement Company of Northern Nigeria (CCNN) last week opened its application list for a N1.6 billion rights issue.
The company is offering about 173 million ordinary shares at N9.00 per share on the basis of 4 shares for every 25 shares held. This is for shareholders whose names are on the register as at March 30, 2007.The offer closes on August 22, 2007.

The purpose of the offer is to finance its power plant through the purchase of three 4 megawatts generating sets. Also, the company would maximize the offer proceeds in the area of equipment purchase that will be used to blend and burn biomass to boost production. Management are of the opinion that the money realised would enhance the growth of the company by reducing operation cost especially in the area of power generation.
Will the private placement trigger more price war and the crash of cements price.
Investment / Re: Stocks That Can Make You Rich In 2007 by BIGBOYLARY(m): 7:52pm On Jul 28, 2007
@ ALL,

AS I OPEN MY CRYSTALL BALL I SAW THE FOLLOWING: Cement Company of Northern Nigeria (CCNN)

The world’s fourth largest supplier, Heidelberg cement (HC), has already indicated interest to inject about N971 million in form of equity into the company. Other key stakeholders that have indicated interest in injecting funds are Nasdal Bap Nigeria Limited (N184 million), Dantata Investment & Security company Limited (N129.5 million) and other Northern states.

They have commence there Private placement and i think its a good buy as more investor are scrambling to invest into it but with the opening of President Umaru Musa Yar’Adua has ordered the immediate reopening of the N12 billion Ibeto cement plant in Rivers state, will this not affect the price of cements company on the stock market after the price slow down
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 11:38pm On Jul 26, 2007
@ ALL,

At Wall Street its very very bad for stock market today will this affect Nigeria stock markets?

Stocks Plunge; Dow Down More Than 310

Wall Street suffered one of its worst losses of 2007 Thursday, leading a global stock market plunge as investors succumbed to months of worry about the mortgage and corporate lending markets. The Dow Jones industrials closed down more than 310 points after earlier skidding nearly 450.

Investors who had been able for months to largely shrug off discomfort about subprime mortgage problems and a more difficult environment for corporate borrowing finally decided it was time to sell after the Commerce Department issued another disappointing home sales report.

Feeding the plunge were concerns that higher corporate borrowing costs will curb the rapid pace of takeovers that had driven stocks
ADVERTISEMENT
higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.

While stocks plummeted, investors poured money into the safe haven of the bond market. The soaring price of Treasurys pulled yields lower, and the rate on the 10-year note plunged to 4.79 percent from late Wednesday's 4.90 percent.

"Worries that have been out there for the past couple of years are coming to a head right now," said investment strategist Edward Yardeni, president of Yardeni Research Inc. "It's show time."

Thursday's trading was the latest and most extreme in a series of frenetic sessions over the past month -- many also accompanied by triple-digit swings in the Dow -- as investors sold on worries about the subprime fallout or bought on optimism that there wouldn't be any widespread problems caused by mortgage failures. Many analysts have described the back-and-forth trading as overwrought and based more on gut emotion than careful consideration of market and economic fundamentals. shocked
Business / Re: Abuja Securities And Commodities Exchange (asce) by BIGBOYLARY(m): 11:24pm On Jul 26, 2007
@ omodele ak

@BIGBOYLARY,
Thanks for the info, but how do we locate (and possibly contact) those agents/brokers since you said that those that , can apply for this category of membership are stockbrokers, commodity brokers and commodity merchant.

You can contact the followings for more info:

Royal Crest Finance Ltd
3rd Floor, L.S.D.P.C House
Nnamdi Azikiwe Street
Lagos. Tel: +234- 1- 2661340,234- 1-2669760


Transworld Investment & Securities Ltd
8th Floor, BAICO Plaza, 12, Abibu Oki
Lago. Tel: +234-1-2642550, +234-1-7237347
Business / Re: Abuja Securities And Commodities Exchange (asce) by BIGBOYLARY(m): 7:23pm On Jul 22, 2007
@lokia,

First and foremost you have to become a member of the exchange, kindly look into this and make your choice,

MEMBERSHIP CATEGORIES

The Exchange will register three (3) classes of members viz:

(a) Ordinary Member;

(b) Trading Member; and

(c) Institutional Trading Member

ORDINARY MEMBER

Individuals or corporate citizens are eligible to register as ordinary members. They are entitled to all right and privileges that any other members of the Exchange will enjoy except that they can not trade directly on the Exchange unless through a registered trading member.

TRADING MEMBER

Trading Members can initiate trades on the Exchange and solicit trades from their clients or customer with whom they have constituent agreement. They can trade on their accounts and the accounts of their clients and can be elected into the Council of the Exchange. Those that can apply for this category of membership are stockbrokers, commodity brokers and commodity merchant.

INSTITUTIONAL TRADING MEMBER

Processing Companies such as Cadbury, Nestle, Guinness, NASCO Group, Grandcereals & Oil Mills Ltd, Jos International Breweries and a host of others can apply as Institutional Trading Members. They can trade on their accounts and the accounts of other Institutional Trading Members. However, no Institutional Trading Member shall be allowed to trade on behalf .
After that you can now move forward to the next stage. cool cool cool
Business / Abuja Securities And Commodities Exchange (asce) by BIGBOYLARY(m): 5:16pm On Jul 21, 2007
@ ALL,

                       AS I OPEN MY CRYSTALL BALL I SEE BEFORE ME ANOTHER WAY TO MONEY MAKING:
Trading will commence soon and i think this is another avenue we should look into to add to our stocks portfolios, the on line trading will soon begin i have join in the train so why not, So far, the exchange has traded a cumulative value of about N40 million in 2,112 contracts since its inception in July 2006,I love my fatherland GOD BLESS NAIJA.



                                         THE ABUJA SECURITIES & COMMODITY EXCHANGE (ASCE)  
                                                               ( www.abujacomex.com )

The Abuja Securities & Commodity Exchange(ASCE) was originally incorporated as a Stock Exchange on June 17, 1998.  It commenced electronic trading in securities in May 2001 and was converted to a commodity Exchange on August 8, 2001 and brought under the supervision of the Federal Ministry of Commerce.  The conversion was premised on the need for an alternative institutional arrangement that would manage the effect of price fluctuations in the marketing of agricultural produce which has adversely affected the earnings of farmers since the abolishment of commodity Boards in 1986.  Attempts to establish a Commodity Exchange and Futures market in the country dates back to 1989 when an Inter-Ministerial Technical Committee was set up at the behest of the Central Bank of Nigeria to look into how a Futures Exchange for agricultural commodities could be established to address frontally the agro-commodity marketing problems.  

The Exchange will be of immense benefits to farmers, agro-commodity processors and merchants, as it will serve as a veritable platform for them to mitigate the inherent risks in agricultural production and marketing.   The enlarged market for agricultural produce, which the ASCE will engender, shall promote commercial farming and the growth of the agricultural sector.  The Exchange will start operations in spot and forward markets and gradually introduce trading in warehouse receipts and eventually evolve into a futures market trading commodity futures and options.  It will trade contracts in agricultural produce, solid mineral products, energy, financial indices and currencies.  The Exchange will commence spot trading on agricultural commodity contracts in July 2006 and later in the year launch spot trading on solid mineral contracts.


                     Source:http://www.abujacomex.com/about/showText.asp?typeid=67371008 cool cool cool
Investment / Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 9:49pm On Jul 19, 2007
@ ALL,

[b]Foreign investors to inject N13-trn into Nigerian banks[/b]


Foreign investors are set to back up their increasing interest in Nigeria’s banking sector with an injection of N13- trillion ($100-billion) into the sector over the next five years.

Mark Nicholas Cutis, chief investment officer, Shinsei Bank Limited, and Gavin N. Ryan, partner, Wider Europe Capital Management (WECM), disclosed this exclusively to Business Day at a meeting to kick off a training conference on building world-class Nigerian banks. The two are among representatives of various foreign banks like UBS of Switzerland, Nedbank of South Africa and Barclays of London, who are here for the conference.

Source: http://www.proshareng.com/myproshare/portal_news.php?id=2645

Was this the reason why some banks are been funny and playing funny now!!!!!!!!!!!!! cool cool cool

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