Yes it is changing hands. Im watch for the bottom to strike. the bottom will be just about a few days from now

zendi:
At today's closing price of 0.68, the entire Unity Bank is available at only N8b, far below the N10b Aliko gave
to victims of flood disaster sometime ago.
Also with just N15b today, you can pocket the whole of Skye(+Mainstreet) Bank
and walk away.
And these assets are all set to become even cheaper tomorrow.
What is happening? Opportunity to keep buying or time to run?
For a chronic trader like me, the challenge is identifying the bottom of this rout in order to strike hard.
With Diamond @1.90, transcorp @1.04, oando @4.19, elephant @3.61, serious wealth is changing hands.

seemples:


You are not buying anything sir

Madam!!! For your information I loaded my Morgan account today and I bought more zenith bank @10.47....If you like believe, if you like don't...I am not here to impress you or anyone...While all of you are afraid, I decided to make hay while the sun shines...Thank you.

Youngzedd:


Hence exchange rate is high, almost all sectors will suffer for it.

Manufacting sector do import raw materials. Only agric sector will not be affected.

Manufacturing sector will suffer the most during this period due to increase in dollar rate....

Yem0350:
How market?

Oga yemo, your people charged me N2,500 twice and when I complained they said it was due to the fact that the N2,500 was erroneously credited back into my account last year...pls is this a general issue and how can this be avoided next time?

Born2berich:
Madam!!! For your information I loaded my Morgan account today and I bought more zenith bank @10.47....If you like believe, if you like don't...I am not here to impress you or anyone...While all of you are afraid, I decided to make hay while the sun shines...Thank you.

zendi:
At today's closing price of 0.68, the entire Unity Bank is available at only N8b, far below the N10b Aliko gave
to victims of flood disaster sometime ago.
Also with just N15b today, you can pocket the whole of Skye(+Mainstreet) Bank
and walk away.
And these assets are all set to become even cheaper tomorrow.
What is happening? Opportunity to keep buying or time to run?
For a chronic trader like me, the challenge is identifying the bottom of this rout in order to strike hard.
With Diamond @1.90, transcorp @1.04, oando @4.19, elephant @3.61, serious wealth is changing hands.

Words written in gold.

megainvest:




Words written in gold.

Sir, some are still waiting for market to declines to 20,000 ASI or see the handwritten on the wall that market has bottom out. Well, UBCAP, GTBank, and Zenith Dividends loading for now...

[quote author=Godisfaithful post=41978946]

Sir, some are still waiting for market to declines to 20,000 ASI or see the handwritten on the wall that market has bottom out. Well, UBCAP, GTBank, and Zenith Dividends loading for now... ;The evil spirit everybody should noted.

[quote author=Godisfaithful post=41978946]

Sir, some are still waiting for market to declines to 20,000 ASI or see the handwritten on the wall that market has bottom out. Well, UBCAP, GTBank, and Zenith Dividends loading for now... ;The evil spirit everybody must noted.

Born2berich:
Oga yemo, your people charged me N2,500 twice and when I complained they said it was due to the fact that the N2,500 was erroneously credited back into my account last year...pls is this a general issue and how can this be avoided next time?

I think this is obvious manipulation..I've heard someone talking to me about it today. the same thing happened to the accounts I've with them. they're not replying my mails since I promise to take it up. the so called, erroneously reversed #2,500 has not shown on the BALANCE and also, the statement of account of their clients were edited from their end.

Where is Sir passwelle?

stockbull:
I think this is obvious manipulation..I've heard someone talking to me about it today. the same thing happened to the accounts I've with them. they're not replying my mails since I promise to take it up. the so called, erroneously reversed #2,500 has not shown on the BALANCE and also, the statement of account of their clients were edited from their end.

I'm sorry to say this. Morgan is a fraudulent company. How can you edit account statements of your clients without communicating to them. I was debited Jan,2015. Now I can't find that in the statements. It has been removed. They probably thought we don't keep personal records of our own. Imagine deducting even 2500 naira from all clients without their knowledge. The so called reversal didn't reflect in my statement either. I am highly disappointed. One has to be very vigilant with this broker.

Manonamission:


I'm sorry to say this. Morgan is a fraudulent company. How can you edit account statements of your clients without communicating to them. I was debited Jan,2015. Now I can't find that in the statements. It has been removed. They probably thought we don't keep personal records of our own. Imagine deducting even 2500 naira from all clients without their knowledge. The so called reversal didn't reflect in my statement either. I am highly disappointed. One has to be very vigilant with this broker.

I wouldn't like to make any comment about them but I'm forced to cause we our ourselves keeper.
I actually opened an account with them sometimes ago.
I should be among their first client but never carried any transaction with them cause they weren't transparent in their dealings.
I believe sometimes in December 2014 they operated no brokerage fee or something like that for their clients but were not able to keep up with it this year.Y?
I guess you know the answer.
2)I believe its part of the scam that they want to perpetrate that made them bring this #2500 of a thing out.
They can't survive on that their lied low fee so they must steal.

Manonamission:


I'm sorry to say this. Morgan is a fraudulent company. How can you edit account statements of your clients without communicating to them. I was debited Jan,2015. Now I can't find that in the statements. It has been removed. They probably thought we don't keep personal records of our own. Imagine deducting even 2500 naira from all clients without their knowledge. The so called reversal didn't reflect in my statement either. I am highly disappointed. One has to be very vigilant with this broker.

It is called corporate social responsibility. You guys no wan dash Morgan small out of all the wonderful deals Morgan give una throughout 2015, haba. Una know say time hard na

Agbalowomeri:


It is called corporate social responsibility. You guys no wan dash Morgan small out of all the wonderful deals Morgan give una throughout 2015, haba. Una know say time hard na

N2500 annual fee is not too much considering the low brokerage and good platform provided for trading. It's the abracadabra that was done that I find disturbing. My account was debited Jan 2015, the so called system glitch in October did not credit my account with same. Now Jan 2016 , you deduct N5000. Who does that? What stops the firm from deducting N1000 from your account every now and then without you knowing, since they can alter your statement? Reminds me of a banking fraud where $1 was debited from client's customers' accounts over a long period. Very difficult to detect. Like I said, I'm sorry they just breached my trust.

Born2berich:
Oga yemo, your people charged me N2,500 twice and when I complained they said it was due to the fact that the N2,500 was erroneously credited back into my account last year...pls is this a general issue and how can this be avoided next time?

The did same to me. Here's the email I got after I inquired what happened to my money.



Thank you for your mail and apologies for the mix-up.



There was a system glitch in Oct 2015 which caused a reversal of the 2015 online annual access charges. This was rectified yesterday and the charges for 2015 and 2016 were posted, hence the reduction in the amount paid.

Manonamission:


I'm sorry to say this. Morgan is a fraudulent company. How can you edit account statements of your clients without communicating to them. I was debited Jan,2015. Now I can't find that in the statements. It has been removed. They probably thought we don't keep personal records of our own. Imagine deducting even 2500 naira from all clients without their knowledge. The so called reversal didn't reflect in my statement either. I am highly disappointed. One has to be very vigilant with this broker.

Same here, I was debited in January last year for this

Who do we report this Morgan fraudulent activities to?

I wanna file a report.


My blood is hot now.

Born2berich:
Oga yemo, your people charged me N2,500 twice and when I complained they said it was due to the fact that the N2,500 was erroneously credited back into my account last year...pls is this a general issue and how can this be avoided next time?

My brother it's thesame explanation they offered me. I complained that I was not in anyway informed about the reversal of 2015 annual fee and I have no knowledge of it. I have demanded for empirical evidence concerning this issue since yesterday but as I type now they have not replied me.

9free:

My brother it's thesame explanation they offered me. I complained that I was not in anyway informed about the reversal of 2015 annual fee and I have no knowledge of it. I have demanded for empirical evidence concerning this issue since yesterday but as I type now they have not replied me.

Hmm! Morgan capital, Morgan capital. I always knew! I saw d hand writing on d wall wen I originaly cried about their poor customer service. But sm hw I just decided to stay and take d risk.
Any body been 2 their office?

http://www.cnbc.com/2016/01/14/us-crude-falls-as-market-braces-for-more-iranian-oil.html

U.S. crude oil futures fell in early Asian trade, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market.

West Texas Intermediate (WTI) was down 46 cents at $30.74 a barrel at 0249 GMT.

On Thursday the contract rose 72 cents, or 2.4 percent, to settle at $31.20.
It hit a 12-year low of $29.93 earlier this week.

WTI is on track to post a third consecutive weekly loss, down more than 6 percent.
The contract is down nearly 18 percent from a 2016 high on January 4.

Brent crude was down 10 cents at $30.78 a barrel.

http://qz.com/593893/investors-are-dumping-nigerian-stocks-as-sub-30-oil-looms-and-the-naira-tanks/

An economic crisis is brewing in Nigeria as the stock market fell to its lowest point in three years this week. Investors have dumped stocks in reaction to uncertainty in Africa’s biggest economy leading to a 3.6% drop yesterday (Jan. 13).

The reaction has been mostly triggered by the continuing fall in oil prices. On Tuesday (Jan. 12) oil prices fell below $30 per barrel for the first time in twelve years. Nigeria has been particularly hit by the oil price crisis as the resource contributes more than 70% of its earnings.
“The major factor is the oil price that has weakened further,” Pabina Yinkere, analyst at Vetiva Capital Management Ltd told Bloomberg.

“That has implications for the nation as an oil-dependent country. It has created a heightened risk environment.”
The ‘heightened risk environment’ has been exacerbated by Nigeria’s Central Bank’s currency policies. Faced with falling external reserves, the apex bank set up strict foreign exchange restrictions which were criticized as they badly affected lives of Nigerians.

Those restrictions were lifted recently but the Central Bank’s decision to stop selling dollars to foreign exchange local dealers has resulted in even more instability in the market.

The stock market crash will, again, raise questions on Nigeria’s economic policies over the last few months as the Central Bank governor, Godwin Emefiele, is thought to base key monetary policy decisions on political preferences of the government rather than economic realities.

A key example is that Emefiele has so far put off a currency devaluation—a policy decision championed by president Muhammadu Buhari.
However, with parallel market rates now hitting 300 naira per dollar, as opposed to the official bank rate of 199 naira, the Central Bank will come under renewed pressure to devalue its currency. “With pressure on foreign reserves and oil prices at $30 per barrel, devaluation is now unavoidable.” Samir Gadio, head of strategy at Standard Chartered

Yem0350:
How market?

yhu never retire from this thing

PETERiCHY:
http://qz.com/593893/investors-are-dumping-nigerian-stocks-as-sub-30-oil-looms-and-the-naira-tanks/

An economic crisis is brewing in Nigeria as the stock market fell to its lowest point in three years this week. Investors have dumped stocks in reaction to uncertainty in Africa’s biggest economy leading to a 3.6% drop yesterday (Jan. 13).

The reaction has been mostly triggered by the continuing fall in oil prices. On Tuesday (Jan. 12) oil prices fell below $30 per barrel for the first time in twelve years. Nigeria has been particularly hit by the oil price crisis as the resource contributes more than 70% of its earnings.
“The major factor is the oil price that has weakened further,” Pabina Yinkere, analyst at Vetiva Capital Management Ltd told Bloomberg.

“That has implications for the nation as an oil-dependent country. It has created a heightened risk environment.”
The ‘heightened risk environment’ has been exacerbated by Nigeria’s Central Bank’s currency policies. Faced with falling external reserves, the apex bank set up strict foreign exchange restrictions which were criticized as they badly affected lives of Nigerians.

Those restrictions were lifted recently but the Central Bank’s decision to stop selling dollars to foreign exchange local dealers has resulted in even more instability in the market.

The stock market crash will, again, raise questions on Nigeria’s economic policies over the last few months as the Central Bank governor, Godwin Emefiele, is thought to base key monetary policy decisions on political preferences of the government rather than economic realities.

A key example is that Emefiele has so far put off a currency devaluation—a policy decision championed by president Muhammadu Buhari.
However, with parallel market rates now hitting 300 naira per dollar, as opposed to the official bank rate of 199 naira, the Central Bank will come under renewed pressure to devalue its currency. “With pressure on foreign reserves and oil prices at $30 per barrel, devaluation is now unavoidable.” Samir Gadio, head of strategy at Standard Chartered

We are here because our reserve na tasere. Anyway,I've been thinking, what can the CBN do to help the naira apart from devaluation

9free:

My brother it's thesame explanation they offered me. I complained that I was not in anyway informed about the reversal of 2015 annual fee and I have no knowledge of it. I have demanded for empirical evidence concerning this issue since yesterday but as I type now they have not replied me.

They debited my account twice also.
I strongly believe it is a calculated fraudulent attempt.

If you guys aren't lazy print out your statement calculate it, you find out that you all owe morgan capital apologies. They are not fraudulent in anyway. You guys are just haters. Shior
This above was the old bigass.

New bigass

Morgan capita is not fraudulent. There was a system error that credited clients their annual fees. Normal companies will communicate a detailed explanation to their clients before the new deductions.

If you have time go through your statement. It will balance out. No extra deduction

bigass:
If you guys aren't lazy print out your statement calculate it, you find out that you all owe morgan capital apologies. They are not fraudulent in anyway. You guys are just haters. Shior

I agree with you. But the company should not have gone back to adjust the entry they made in Jan 2015 when we were debited N5,000 instead of N2500. There is also no trace of the reversal of entry in October 2015. Our blood is hot, having lost heavily. So deductions from our accounts however little it is will be challenged. Morgan is cool and to say they are fraudulent is not complimentary enough.

I see bulls knocking at the door,battered and shattered......good morning bnsidl

chimchris247:
I see bulls knocking at the door,battered and shattered......good morning bnsidl

Oga mi, which market are you looking at? The direction is still southwards oooooo.

FO is one of the only few stocks that isnt affected by the bears? How manage?

Born2berich:
FO is one of the only few stocks that isnt affected by the bears? How manage?

My theory is that...it is somewhat an illiquid stock. People don't buy enough per day to alter the share price. Just like ccnn and okomuoil.

bigass:
If you guys aren't lazy print out your statement calculate it, you find out that you all owe morgan capital apologies. They are not fraudulent in anyway. You guys are just haters. Shior
This above was the old bigass.

Bigass is right

18 01 Jan, 2016 12 Jan, 2016 Annual Access Charge 2,500.00 0.00