locodemy:


This does not mean the oil is still heading southwards.it may page at $30 for a long time.lets see what the price will be tomorrow as a result of this news.but bear in mind this is a good time to make money again before the bears triggers.remember i have been with you all these while and suddenly change to the new development of my instrincts.

"The spread between Brent and WTI
is coming in because Iranian
sanctions could be lifted as early as
Monday," said Bob Yawger, director
of the futures division at Mizuho
Securities USA in New York.
"Additional Iranian barrels will have
a much bigger impact on seaborne
Brent than on WTI." Did you figure something out from the above statement.

https://www.nairaland.com/2863847/should-cbn-governor-not-resign#41956388

In July 2015, I posted a similar topic on this forum stating my reasons but didn't go down well with some ethnic bigots and economics illiterates. I had argued about the inconsistencies in Most of his policies a reflection of weak consultation and superficial knowledge about the economy.

I have watched and patiently studied various policy made under the leadership of the CBN governor (Godwin Emeifele) and how it has impacted on the economy. I have observed policy inconsistency an indication of poor thought-through process followed and how clueless the governor is. He does not havr sound and robust knowledge of the workings, interplay and complexity of economic variables impacting the fiscal and monetary landscape.

During the electioneering campaign when politicians almost dollarised the economy, Emefiele, felt the best approach to avert continuous depreciation of naira was to ban payment of dollar to local vendor across industry, peg the amount of dollar to be spent in a year on foreign purchase by individuals to US$50,000, stop dollar deposit and adopt technical devaluation of naira. He failed to realize that the massive release of cash dollar to fund GEJ reelection craftily executed through arms purchase have caused serious leakage in the system. He should focus on blocking the leakage.

Obviously, the CBN gov seems yet to figure out how to prevent continuous fall of naira against dollar. It appears the only monetary tool he knows to regulate forex is trial and error which has bastardized our economy. No doubt, the pains of his irrational and inconsistent policies is beginning to bite hard on the economy. Stock market is crashing on daily basis, massive capital flight, stiffing real sector and SMEs.

Whilst I do not have any personal vendetta against the man, I am of the opinion that we need a focused, intellectually sound, and competent person as head of the government's bank in order to design and develop efficient monetary tools and policy that will revamp our ailing economy. PMB should act now!

transcorp @ 1.04

Skye bank @ 1.09
GTB 15.58
Transcorp 1.04

It is well.

ufotty2001:
am already in the train shaaa but in case drop @ 1.17 I will still enter

Bros, shey you don re-enter transcorp abi fear catch you?

ufotty2001:
transcorp @ 1.04

This baby is going to the car park.

OK back to the topic of "Stock Picking"

Economic gurus please which companies will gain from these different scenarios:
1. A low oil price and high dollar exchange rate (devaluation).
2. A low oil price and fixed official exchange rate below 200 but high black market rate.

For sure devaluation will favour commodity export companies while those that are import dependent will suffer. However, PMB seems determined to avoid devaluation at all cost.

Share your views pls

Godisfaithful, locodemy, mercylicious, born2berich, coolcash1, chibuking81, youngzedd, deruggedprof,ufotty2001, ihedioramma, dragonking, intendy, peterichy, chibuking81, everybody

Born2berich:
Bros, you shey you don re-enter transcorp abi fear catch you?

.. bros I no been onter again oohhh.. na jst very small unit I been enter 1000units

Crash!

megainvest:
OK back to the topic of "Stock Picking"

Economic gurus please which companies will gain from these different scenarios:
1. A low oil price and high dollar exchange rate (devaluation).
2. A low oil price and fixed official exchange rate below 200 but high black market rate.

For sure devaluation will favour commodity export companies while those that are import dependent will suffer. However, PMB seems determined to avoid devaluation at all cost.

Share your views pls

Godisfaithful, locodemy, mercylicious, born2berich, coolcash1, chibuking81, youngzedd, deruggedprof,ufotty2001, ihedioramma, dragonking, intendy, peterichy, chibuking81, everybody

High dollar exchange rate will definitely and greatly affect the manufacturing sector negatively..It is obvious that there will be a fall in investment in the domestic manufacturing sector and higher unemployment due to this..There will also be sharp decrease in the quarterly and annual profits of many manufacturing companies...So investing in the manufacturing sector now is a big NO for me....

Afo1k:
Crash!

... abeg ooohhhh will the crashing continue like this! even some company don enter negative -0.12

ufotty2001:
.. bros I no been onter again oohhh.. na jst very small unit I been enter 1000units

So upon all your shakara, fear come catch you at the end.

Bloood!!!!!!!!!!!!!!


Well this is the time to buy!!!!!!!!!!!!!!!!!!

Buy but in tranches

Some people are afraid while the smart ones are mopping up...The end of trading will truely tell who made a mistake between the buyer and the seller.

evilspirit:
Bloood!!!!!!!!!!!!!!


Well this is the time to buy!!!!!!!!!!!!!!!!!!

Buy but in tranches

I am buying with truck load of cash...Opportunities comes only once

Born2berich:
I am buying with truck load of cash...Opportunities comes only once

Mention 5 solid stocks to buy now

ufotty2001:
... abeg ooohhhh will the crashing continue like this! even some company don enter negative -0.12

I know no ooo ooo... Just stop d averaging down thin ooo

Born2berich:
So upon all your shakara, fear come catch you at the end.

this one na great great grand grand grand grand grand mama bear

When are they releasing end of the year 2015 result?.........

chichi234:


Mention 5 solid stocks to buy now

gtb,zenith, uba, afriprud,..... (short/medim term) Please do your due diligence...

Hope you will give me some percentage of your loot?

ufotty2001:
this one na great great grand grand grand grand grand mama bear

The mama and papa show the same time.

chichi234:


Mention 5 solid stocks to buy now

Gtbank
zenithbank
Dangcememt
Oando
Transcorp

chichi234:


Mention 5 solid stocks to buy now

transcorp, uba, oando, zenith and skye bank but my brother still wait ooohhh this tin go still fall than this

Ive lost money in the last few month in NSE. However, if Oando gets to 3naira, I will gladly jump in and wait.

Born2berich:
I am buying with truck load of cash...Opportunities comes only once

You are not buying anything sir

low oil price, high cost of dollar and devaluation...............favourable stocks to pick now are Nigerian breweries,ccnn,Ashaka cement,Dangote cement,sugar,Nascon,flour mill,presco and okomuoil

@all, be cautious, this is a major crash..let the market bottom out

Born2berich:
Bros, shey you don re-enter transcorp abi fear catch you?

newdada:
Ive lost money in the last few month in NSE. However, if Oando gets to 3naira, I will gladly jump in and wait.

But why Oando?