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Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 2:52pm On Nov 24, 2015 |
Raider76: You can't predict who go enter market tomorrow. |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 3:07pm On Nov 24, 2015 |
Raider76: Watch the men and women in Black mop it all up! |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 3:17pm On Nov 24, 2015 |
Bnsitl, I have been watching the price movements of some stock for some time nowand my conclusion about d drop in performance of stocks on the nse is this: " in the light of the corrupt nature of our country, the day market making was introduced into NSE was d day it lost credibility. " that's y d prices of most stocks do not reflect their true worth. The manipulation there is too much and unchecked. We are not ripe for market genuine market making! |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy084: 3:28pm On Nov 24, 2015 |
Breaking News:Central Bank Announces Reduction In Monetary Policy Rate By 11% The Cash Reserve Ratio (CRR) was reduced from 25% to 20%. The Central bank also broadened its interest rate corridor to 200 basis points above the benchmark rate, and 700 basis points below, Governor Emefiele said. Treasury Looters Have Started Returning Stolen Funds – Buhari http://nationalmirroronline.net/new/treasury-looters-now-returning-stolen-funds-buhari/ 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 3:29pm On Nov 24, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:26pm On Nov 24, 2015 |
BITL Ihedioramma, how did you see today market, especially that of Oando? minus the market limit, by now it suppose to be @#4. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:50pm On Nov 24, 2015 |
Chibuking81:are you woman? i said at end of this week . |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:52pm On Nov 24, 2015 |
chukyjones:one love . |
Re: Nigerian Stock Exchange Market Pick Alerts by Jetson: 10:15pm On Nov 24, 2015 |
My Ogases in stuck exchange market, please Where and How can i start stuck exchange business? Help me becaused i also want to make some cool capital via stuck exchange market |
Re: Nigerian Stock Exchange Market Pick Alerts by chukyjones(m): 10:25pm On Nov 24, 2015 |
Jetson: hmmm... Pa ihedi reloaded.. na joke ooo. one love 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by SMC(f): 11:42pm On Nov 24, 2015 |
ihedioramma: Mr. Man, Try to talk intelligently on a public forum. It may not come easy to you, but at least try...instead of coming across as a misogynistic as*hole. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:17am On Nov 25, 2015 |
BUHARI MAGIC| OIL BUYERS REJECT NIGERIAN
CRUDE
Posted By: Breaking Times
on: November 24, 2015
In: Business News, Nation, News, Nigeria
2 Comments Print Email
Tags: BreakingTimes
Breakingtimes.com Crude Oil
Nigeria
BUHARI MAGIC| Oil Buyers
Reject Nigerian Crude
Data obtained from global energy
information providers, revealed that
Nigeria is currently recording supply glut
in the sales of its crude, as buyers seem
to prefer other competing grades from
other countries.
Analysts are of the view that unless an
improvement is recorded in the days and
weeks ahead, the Nigerian economy would
be plunged into a financial quagmire, as it
would be starved of funds to fund its
budget and manage the affairs of the
country.
Data indicated that Nigeria had been only
able to get buyers for 22 of its 62
December 2015 loading cargoes, leaving
around 40 cargoes of nearly every grade
of its crude still unsold.
The data said that Qua Iboe was better
supported, having cleared most of its
December loading cargoes, while other
grades, including Forcados, Bonny Light,
and Escravos were under substantial
pressure.
However, in Angola, Nigeria’s fierce
competitor, as there were still at least
eight cargoes from the December
programme looking for buyers, including
Pazflor and CLOV.
Platts, on the other hand, said Nigerian
crude oil market remained under pressure,
as many grades have lost around $1 per
barrel in value since the start of October,
especially as an abundance of sweet
crude and high freight rates have failed to
excite interest from refinery buyers.
The loss of value was attributed to a
number of factors — pressure from high
freight rates, competing Mediterranean
and North Sea grades and general
weakness in refinery margins, which have
improved over the past week but not
enough to counteract the glut of sweet
crude.
The report quoted traders as saying that
Nigerian grades account for the bulk of
the estimated 65 million barrels or so still
unsold from November and December
West African (WAF) crude programmes.
“There is a big overhang, with such cheap
Urals and Azeri (Light in Europe) for
instance, European refineries can take
closer grades and that is clearly affecting
WAF grades,” one European refinery
trader said.
Reuters also said that sellers of Nigeria’s
oil were forced to cut differentials again,
as around two thirds of the December
export cargoes remained available, and
was expected to be joined by the January
exports this week.
One oil trader said: “Every crude oil grade
is available, and you even have the choice
of when it is going to load. You have
equity holders in a rush to sell what they
have.”
However, some traders are of the view
that refinery margins remained positive
still, with gasoline demand in Nigeria itself
helping to support European and United
States’ refining margins, and buyers in
California and Asia also keen to import
more gasoline.
As a result of the glut, prices of Nigeria’s
crude oil grades took a hit, as Qua Iboe
was assessed last week by Platts, at
Dated Brent plus $0.20 per barrel, the
lowest since January 13, and down from
Dated Brent plus $1.25 per barrel at the
start of October.
Escravos, on the other hand, was
assessed at Dated Brent minus $0.15 per
barrel, its lowest value since April 17,
2009, when it was assessed at Dated
Brent minus $0.175 per barrel.
Bonny Light and Forcados, also premium
Nigerian grades, were down $1 and 90
cents per barrel, respectively, since the
beginning of October, with the latter at
Dated Brent plus $0.20 per barrel, the
lowest since mid-July.
Bonga, which has dropped 90 cents per
barrel since the beginning of October to
Dated Brent plus $0.10 per barrel was
offered by Vitol earlier last week, in the
Platts Market on Close assessment
process, without attracting interest even
as an offer for an early December cargo
dropped to Dated Brent minus $0.15 per
barrel last Wednesday.
Other Platts-assessed Nigerian grades –
Agbami, Akpo, Brass River, Erha and Usan,
have also weakened. Naphtha-rich grades
Agbami and Akpo are now both a $1 per
barrel discount to Dated Brent.
Brent, the benchmark crude oil grade, was
trading around $44.51 per barrels over the
weekend.
However, the reports sated that an easing
in freight rates out of Africa should also
help spur buying interest in Europe and
the United States, adding that with
Mediterranean and North Sea oil also
under pressure, and oversupplied, the fight
for buyers could yet cause more pain for
oil producers.
Omolara Adegoke- Abuja |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy084: 1:43am On Nov 25, 2015 |
No Bank Has Capital Adequacy Problem, Says Emefiele http://leadership.ng/business/477677/no-bank-capital-adequacy-problem-says-emefiele |
Re: Nigerian Stock Exchange Market Pick Alerts by jauntty: 9:46am On Nov 25, 2015 |
Jetson:Its STOCK MARKET and not STUCK Jetson:To make money here you have to know the game, and to do that you have to have an in-depth knowledge about the dynamics of the STOCK market. My advice : Take ur time, go thru this thread, get books or ebooks, study n research. Start reading n following business news . . . . . . . . . . .Then come back here and ask Specific questions in any area u don't understand. or else you gonna get STUCK in the STOCK MARKET and lose all your COOL CASH 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:05am On Nov 25, 2015 |
SMC:sorry am not mr.man but brother ok but what is smc? |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:10am On Nov 25, 2015 |
myjoy084:are you talking to me? this is what nnpc or what they call them told us last two weeks today what is happing? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:18am On Nov 25, 2015 |
@Ihedioramma, OANDO this morning is 5.58 |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:19am On Nov 25, 2015 |
chukyjones:so pa ihedi is now a joke ooo? |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:25am On Nov 25, 2015 |
Chibuking81:brother are you woman some times? why not cool down? or you think say oando na lotto way go just come out that day you play it? but you they play lotto?. |
Re: Nigerian Stock Exchange Market Pick Alerts by bigass(f): 10:27am On Nov 25, 2015 |
Instead of us praying for a better economy some are happy oando is selling very low. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Jetson: 10:27am On Nov 25, 2015 |
jauntty: Thank you sir/ma. I'd appreciate it if you share the advantages and disadvantages in the stock exchange market. Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by Tjohn1(m): 10:32am On Nov 25, 2015 |
Chibuking81: Bros, Oando is on bid o....I guess @Pa Ihedioramma is a prophet afterall His prediction may come true before the week ends. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:34am On Nov 25, 2015 |
Tjohn1:ok, let watch and see |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:43am On Nov 25, 2015 |
Jetson:brother get a good book that teach about nigerian stock, read it well and go back to page 0-20 there are some things i ask there and there reply it will help you well,well and know body is happy to teach you now they are looking for were to invest now and get christmas money but are my talking to some body? . 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Jetson: 10:43am On Nov 25, 2015 |
ihedioramma: I need help on how to start this stock exchange business. Must i have enough capital before i start making some cool cash? A bro needs your advice! |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:52am On Nov 25, 2015 |
I tire oo. Market not responding to the MPC decisions.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Jetson: 10:52am On Nov 25, 2015 |
ihedioramma: Ok pal. Thanks. ihedioramma: Of course, bro. I'm with you and I appreciate you taking from your time to reply my question(s). What are the material(s) needed to start with? Thanks in anticipation. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:56am On Nov 25, 2015 |
bigass:nobody is happy that his country economy is going down, likewise nobody is happy to loss money. It is also good for us to know the state of Nigeria economy. But as for Oando, I am not happy at all with them, because their forward looking statement has made a lot to loss money, has it been that they did not engage in the COP deal, they would have been better off now. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:58am On Nov 25, 2015 |
Jetson:we call our self's here brother and sister in the LORD .and we dont talk like fool's here but we play some times so bewere . reply me with this things i will ask you now and i will tell you stock to buy now why you go and read well,well about stock . your age? how do you get this money you want to use and buy stock? for example if the money lost can die because of it ? is this money your last hope? . |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 11:03am On Nov 25, 2015 |
Tjohn1: Leave them. They are hoping that lightning will strike the same place twice.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 11:03am On Nov 25, 2015 |
ihedioramma: Where is your courtesy pls |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 11:06am On Nov 25, 2015 |
Justcul:NSE.becareful O new memeber were is our money for your .......? |
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