NaijaOlosho:


DO NOT VOTE FOR Tinubu AND Atiku
BUT IF YOU DO, DON'T COME AND CRY LATER

PETERiCHY:




Elon Musk, Nouriel Roubini and Goldman Sachs Group Inc. have warned of a growing likelihood that the US economy will fall into recession.

Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.

https://www.bloomberg.com/news/articles/2022-06-21/elon-musk-says-us-recession-more-likely-than-not-in-near-term?utm_medium=social&utm_campaign=socialflow-organic&utm_source=facebook&cmpid=socialflow-facebook-tv&utm_content=tv

otomatic:


How do you know when it's done falling, to buy?

Phlinx:
I didn't know WAPCO was this volatile

pluto09:




Lol.
I bought today o.

DeRuggedProf:

RabbiDoracle:


As if I knew they were planning the ban. Imagine.

With this ban in effect, watch as NASDAQ and all tech dependent indexes around the globe will flash to zero.

The heavy weights of NASDAQ (apple, nvidia and other big tech firms) will hear ween next week.

Thank God that NSE doesn't even have these advanced techy stocks. Make we dey manage our hoe and cutlass stocks.

US just needs to beg Russia. Soon many people that will be affected will start to give Zelensky bad sliding tackle now. It is the start of the end of the techy West once this goes into effect.

pluto09:


I think some already saw this coming.
It is all about playing the game With advanced plan for eventualities.
The lower it goes the better for some people.

Heishere:


My oga we are taking some bashing as predicted but my consolation is that the money there is for long term till 2025. Hope there will be a recovery by then?

PETERiCHY:
Motivational speakers and their followers rightnow.

onegentleguy:
Why is Otedola selling First Bank shares?

The N5.76 billion fund he took out comes at a period the Federal Government is planning on selling five National Integrated Power Plants (NIPPs).

His sell off in First Bank is similar to his exit in Forte Oil, where he sold his majority shares to acquire the majority stake in Geregu Power Plc in 2019, through his investment vehicle, Amperion Power Distribution Company Limited.

According to a source with inside knowledge, Otedola might be eyeing an expansion in the power industry, having sold the shares amid FG’s plan to find buyers in the next six months for its five National Integrated Power Projects (NIPP); Omotosho Generation Company, Olorunsogo Generation Company Limited, Benin Generation Company Limited, Geregu Generation Company Limited, and Calabar Generation Company Limited.

It was also gathered that he had shown interest in one of the power plants, and may have been pre-qualified for its purchase.

Otedola had previously invested $94 million in 2013 and $350 million in 2018, before raising his investment level in Geregu Power Plant to about $1 billion. This figures reflect an estimated cost for the purchase of another power plant.

yMcy56:

Prof Prof! E Ku three days.
Those analysts do guess too......they don't have all the facts.
Note the clause where they said for reasons best known to him too.
Hope you know the qty sold wasn't sold to retailers......and wasn't sold on the floor, it was cross deals to another moneybag.
Don't trust those guys too much sir. They always have agenda with selfish interest.
Besides, even if it's 5.57%, Otedolà still remains the single largest shareholder.

dharpzee:
Dont believe, everything you read, just watch what is going on in the market.

yMcy56:

You seems to be thinking what I thought of too.

Otedola may need to quickly take care of certain contingency or acting on the inteest of another friend, thus cross some FBN units to him.....
How much is 600M+274M units sold compared to the billions he already acquired?
Is he going to now neglect the remaining over 7% shareholding in FBNH or wouldn't he still be interested in generating profits on that?
He's selling now, he may again come back to pick more than the units self. You can't predict those power hungry guys.
Maybe I dey over-think it sha, make we dey watch.......

Ades1:



looks like we may be in for another N1 interim in November again!

DeRuggedProf:



https://doclib.ngxgroup.com/Financial_NewsDocs/35720_LAFARGE_AFRICA_PLC%20LAFARGE_AFRICA_PLC_Q1_2022_PRESS_R.pdf

DeRuggedProf: