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Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 2:10am On Dec 13, 2015 |
SWG1: The guy has been around for a while but on a coded level. At first, I was angry at the long post but later started enjoying it. I had to visit his profile page...which I don't usually do (I hardly even check mine). Nice one @Cyriacusifeco. Meanwhile, @ALL... I had a dream last night that NSE delisted a banking stock. According to the dream, investors were officially warned to exercise caution in trading the stock before it was finally delisted. This is the second time I have dreamt about our stock market since this bear started, and since I became an investor...lol. Nothing wey dis bear no go turn man into. Abeg Oga Chibuking & partners, make una wake me up when ASI don reach 20,000. |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy084: 3:51am On Dec 13, 2015 |
$2bn Arms Deal: Sack Looms Over Emefiele http://www.ngrguardiannews.com/2015/12/2bn-arms-deal-sack-looms-over-emefiele/ |
Re: Nigerian Stock Exchange Market Pick Alerts by manie(m): 8:19am On Dec 13, 2015 |
locodemy:The price of crude oil will remain below $45 for another 4 years. Russia made plans on how to survive sub $40 crude oil price for up to 2022. Low crude oil prices is good for world economy, but is very bad for the economies of Nigeria and other mono product economies that derive 70% of the revenues from crude oil. Considering the new realities on ground it is advisable for you to face your tokunbo product business. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:28am On Dec 13, 2015 |
http://www.thisdaylive.com/articles/investors-lose-n146-2bn-to-massive-sell-off/227883/ Investors Lose N146.2bn to Massive Sell-off Further dip in oil prices may raise 2016 budgeting deficit Festus Akanbi in Lagos and Chineme Okafor in Abuja Equity performance on the Nigerian Stock Exchange was negative for the most part of last week as the All Share Index (ASI) gained on three out of five trading days with the greatest year-to-date loss being the 22.1 per cent recorded last Wednesday. At the end of the transactions for the week, market capitalisation settled at N9.4trillion after investors lost N146.2billion, according to a survey by the investment and financial advisory firm, Afrinvest Research. Meanwhile, reviews, by economic experts, of the 2016-2017 Medium Term Expenditure Framework (MTEF) and Fiscal Policy Strategy (FPS), which the federal government submitted to the National Assembly on Tuesday have suggested that the N2.22 trillion deficit earmarked in the budget may eventually rise on accounts of uncertainties in oil prices and government’s alternative income sources. A report by the Afrinvest Research at the weekend, which was made available to THISDAY showed that the Organisation of Petroleum Exporting Countries’ unrelenting decision to further the oil glut, thus pushing the index to a 37-month low during the week, triggered an unprecedented sell offs across the bourse. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:39am On Dec 13, 2015 |
manie:you are always on point, I love and support your advice. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:01am On Dec 13, 2015 |
http://www.ngrguardiannews.com/2015/12/oil-price-slump-experts-canvas-tax-option/ Oil Price Slump: Experts Canvas Tax Option By David Ogah on December 13, 2015 4:39 am Nigeria, today, is facing the dire consequences of falling price of crude oil at the international market. One of the observable effects of the free fall in the price of the commodity is the inability of the government to generate the projected revenue needed to execute plans and programmes at all tiers. Many states have not been able to meet up with their obligations and commitments to their workers, some of whom have not earned salaries for upward of Four months. Unfortunately, Crude oil remains the country’s major revenue source, constituting about 70 per cent of the source of funding of the country’s yearly fiscal policy. It is the only major parameter by which public earning and spending are based. It is the major determinant of revenue distribution amongst the three levels of government. But the fall in the price of oil has affected the country’s liquidity position, which is said to be at its worst in the last 30 years, because of over dependence on the product. It is becoming apparent that the government may not be able to fund items in its 2016 fiscal plans as the price of crude continues to plummet. There are predictions that the price could fall below the benchmark of $38 per barrel. But as the effect of over dependency on oil continues to bite harder; experts are now calling on the government to salvage the economy, through diversification. While many said there is need to tap into the country’s rich mineral resources, others are advising government to direct focus to agriculture. Yet other experts urged government to turn to tax sources, saying revenue from tax alone could sustain the economy without oil. The President of Nigerian Institute of Taxation, Mrs. Somorin Teju said revenue from taxes could sustain the country, even if revenue from the oil sector continues to dwindle. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:08am On Dec 13, 2015 |
Elai147: yes the guy is too much,,,,,, i noticed this some week back on his reply to flourmil and transcorp post....... he remind me of one Dr. on SMN i be one of his follower. i enjoy reading his post when SMN is SMN |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:23am On Dec 13, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:18pm On Dec 13, 2015 |
http://www.vanguardngr.com/2015/12/fgll-make-tough-decisions-in-2016-says-finance-minister/ The Minister of Finance, Kemi Adeosun, has indicated that next year shall be tough for Nigeria, and that the Federal Government will make extremely tough decisions. Finance Minister, Kemi Adeosun Adeosun gave this forecast while speaking at the opening of the 7th Annual Bankers Committee retreat yesterday in Lagos, noting that Nigeria was faced with some fairly significant micro- economic challenges that required some fiscal house-keeping. Adenosine said: “It is going to be tough and we are going to have to make extremely tough decision. We have got the resilience and space to do that.” Adeosun noted that the country fortunately has some head-room, as the debt to GDP ratio is at 12 percent and that gives some space to run a deficit budget with the specific objective of stimulating the economy. “To do so, we need to do some fiscal housekeeping. We have to control the significant challenge we have around recurrent. If you look at recurrent at a percentage of our total budget with the just approved supplementary budget, it is about 90 percent. If we continue in that trajectory, every penny we borrow will go into recurrent,” she said. The minister, who was enthusiastic that Nigeria can overcome the challenges however, warned that she was not attempting to white-wash everything or paint a rosy picture. |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 2:26pm On Dec 13, 2015 |
locodemy:This your personal decision is perfectly understood, and I hope you dont turn it into a sing song for daily trumpeting. Note that nations without a drop of crude oil have stock exchanges where stocks are traded. For, even in war torn countries, business goes on. No matter the market condition, the one simple trick for traders is right entry and right exiting, with good luck. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:46pm On Dec 13, 2015 |
zendi: |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 2:53pm On Dec 13, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by SWG1: 4:55pm On Dec 13, 2015 |
Elai147: And u saw an Elephant sitting down or fell flat like wall of Jericho? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by EZEIGBO1OFIMO: 7:44pm On Dec 13, 2015 |
1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 7:59pm On Dec 13, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by cadno(m): 8:24pm On Dec 13, 2015 |
Is anybody looking at Union Bank ? , the bank is gradually taking shape, who knows what its share price will be in 2017...Please any advice will be appreciated .. |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 8:46pm On Dec 13, 2015 |
cadno: The rally is purely on the back of Buhari as one of their customer................No dividend payout for a very long time............Its possible to make some money on the stock but you should be cautious.................... |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:22pm On Dec 13, 2015 |
http://www.vanguardngr.com/2015/12/2016-n6-trillion-budget-the-lowest-oil-benchmark-in-many-years-and-the-economic-recession-fear/ 2016 N6 TRILLION BUDGET: The lowest oil benchmark in many years and the economic recession fear December 13, 2015 at 1:34 am in Business, News *Looming trouble as crude price slips below target By Udeme Clement The proposal of N6trillion for Budget 2016 by the Federal Government has generated divergent views among economic experts in the country. While some economists called on government to embark on efficient taxation system to enhance more revenue generation for the economy, others said N6trillion proposal for expenditure in 2016 would not solve the crisis facing Nigeria’s economy. In a chat with Sunday Vanguard , the National President, Constance Shareholders Association of Nigeria, Mr. Shehu Mallam Mikail, explained that the proposal of N6trillion was based on government’s estimation but would not prevent Nigeria’s economy from sliding into a recession, as previously predicted, unless government acts urgently to strengthen the financial system, in order to curtail misappropriation of public funds allocated for developmental projects. He said, “Proposing N6 trillion for budget 2016 is a good attempt, but the reality on ground is that, such proposal would not turn the economy around for greater outputs maximisation with the current state of infrastructure and over- dependence on revenue from crude oil to run the entire economy. We must be realistic about the state of our economy and what we should do to move the country forward. With declining oil prices and mono-culture economic practice that we are running now, nothing tangible would be achieved with N6trillion.” He added, “The exchange rate now is N252 per Dollar. So, high exchange rate is another issue we must take cognisance of. The Naira is depreciating, meaning government must take a lot of things into consideration in managing the economy at this stage”. |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 10:50pm On Dec 13, 2015 |
. |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 10:54pm On Dec 13, 2015 |
currentprice:what is it now, State Mmn the Nation? |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy084: 3:32am On Dec 14, 2015 |
Foreign investors bid for stakes in May & Baker http://thenationonlineng.net/foreign-investors-bid-for-stakes-in-may-baker/ |
Re: Nigerian Stock Exchange Market Pick Alerts by 5Onesoul(m): 4:47am On Dec 14, 2015 |
[b][/b][font=Lucida Sans Unicode][/font][b][/b]Good day all, I’m new to Nairaland, Infact, this is my first post. I have limited theoretical knowledge and zero practical knowledge in terms of Mutual funds and Shares Investment. I plan to invest the sum of [b]#3Million Naira for a minimum of 2 years & max of 3 yrs [/b]in any of these fields. I have done some fundamental basic research and finding on where and how to go about it. But I’d like to know the following: ~Is Mutual funds Investment better of buying shares? If Yes, what are their return profit margin @ least ( I know its not certain, but to some certain % I’d like to know) ~Are share better of Mutual funds? If Yes, which of the listed firm on NSE is a good buy for now? ( I bought shares worth #50k then when DataComm sold their share. I didn’t get the certificate or even know how it went down.. I count it as loss already. ~Or is it better to just have a 3YRS Fixed DEPOSIT with either GTB or Firstbank, as those are the banks I use. Brothers/Sisters, I would appreciate if you can give me your input base on your knowledge and experiences. None is a waste, I’m open to learn and research further base on the input i get here. Thanks all. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:23am On Dec 14, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by UD4040: 7:43am On Dec 14, 2015 |
Chibuking81:abeg no vex o- u no get any other work? Bear- crude oil price slump- nigeria going into recession- everybody should stand down from d mkt for now- we done hear now- a word is enough 4 d wise- we ain't kids here abeg. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:45am On Dec 14, 2015 |
5Onesoul:Between three years fix deposit in bank and buying share from good/sound fundamental stock, buying share is more preferable, but if you want to buy share let it be toward the end of first quarter of next year 2016, because with current crude oil price and economy situation share price might still fall further beyond expectation. Within the first quarter of 2016 the share price might be more attractive to buy and keep for 2 or more than 2 years duration. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:29am On Dec 14, 2015 |
Is it. going down to 0.50k http://www.pmnewsnigeria.com/2015/12/14/tiger-brands-sells-65-stake-in-dangote-flour-mills-for-1/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:41am On Dec 14, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:10am On Dec 14, 2015 |
UD4040: |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:23am On Dec 14, 2015 |
UD4040: |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 10:33am On Dec 14, 2015 |
Intendy:Currently in full bid..Did you guys read the write up? This is good news to me. |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 10:39am On Dec 14, 2015 |
Unity bank is about to park well at the car park. Oga Elai, is this the bank you dreamt about? |
Re: Nigerian Stock Exchange Market Pick Alerts by UD4040: 10:42am On Dec 14, 2015 |
Chibuking81:u no go give person HBP wit all these ur post- after d rain comes sunshine- I belief |
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