mercylicious:


Guy I no see anything. Wet in u see? We are taking over.

For all not in d bus..come and take it...div.



Modified-

I don die. See as div expectation turn to plenty turenchi.

E be like say you no read the Interim Audit Update...Better start your 50 days fasting and prayers now for this stock

Born2berich:
E be like say you no read the Interim Audit Update...Better start your 50 days fasting and prayers now for this stock

Hehehe PM things

Born2berich:
I don't know about share reconstruction in fcmb but what I know is that fcmb is yet to release it Q3 result for last year which should raise serious concerns... So to me it is a SELL....Please this is my opinion, do your due diligence.

Now the real saga is opened and everybody wants to run out...Who will save those that are trapped...Another oando movie loading

Ghen! Ghen!!!

[Live: Oil tanks as sanctions lift against Iran] is good,have a look at it! http://www.cnbc.com/2016/01/18/live-oil-tanks-as-sanctions-lift-against-iran.html

Our live blog tracked reaction to the lifting of sanctions against Iran, which some analysts said could worsen a global oil supply glut. Brent crude briefly dipped below $28 dollars per barrel overnight, marking its lowest level since 2003.

PETERiCHY:


On 28th dec i dish the above words of knowledge for the discerning investors.

But one Sabinus tagged it a shameful analysis of the 21st century less than 3wks we can now see who is burying his head in shame

That's why the good old book says "My people perish due to lack of knowledge"

Patiently waiting at sub 20000 junction.

*ThE OcToPuS*

Baba Richy,
Biko explain this ASI at 20,000 nau. I have been asking this question for over a week nau but it seems people are hoarding info . What happens when ASI reaches 20k.

Godisfaithful:
Reading this image below gives another episodes of life in terms of navigating about what tomorrow's hold for us. It is very true that life gives us dynamics reasons to ruminate on our ups and reflect about our downs and how to make it better. Yet, it hasn't stop surprising us that we can only ponder on the magic of today and anticipate about the miracles of tomorrow. In all, we should all think about what we ought to change not what's beyond our control! Only him alone can fulfill every desires of our heart. Let's have a blessed and joyous week ahead! When almighty God is involve, every mountain is surmountable.

أنا أضحك في العربية

Elai147:


أنا أضحك في العربية

Na wa o. see wetin bear don do oga Elai soteh e begin to speak in tongues.

@9free, abeg come interprete

Elai147:


أنا أضحك في العربية

Sir, laugh in English naau not in arabic (أنا أضحك في اللغة الإنجليزية)

PETERiCHY:


First and foremost I want you to get a bottle of chilled wine then brood over the following scenarios.

1.Oil revenue which accounts for about 90% of the economy is down.

2. Most foreign investors has left the market.

3.Ouite a number of states are owning workers salary.

4. CBN stringent rules is seriously telling on the bottomline of the banking sector which accounts for over 60% of the market capitalisation.

5.To now add salt to the injury CBN has blocked all access to Visa and MasterCards.


*Now tell me where will the fund to prop-up the market come from

I repeat even if you have lost 90% of your portfolio, its still 100% better you pull the remaining and look for a better venture because 2008 meltdown will be a child's play compared to what we are going to witness this year

2008 FG still have a buffer of $60billion but this time around we can't pinpoint what is left in the reserve.

DON'T SAY I DIDN'T WARN YOU.

*ThE OcToPuS*

Born2berich:
Na wa o. see wetin bear don do oga Elai soteh e begin to speak in tongues.

@9free, abeg come interprete

Godisfaithful:

Sir, laugh in English naau not in arabic (أنا أضحك في اللغة الإنجليزية)

My brothers the current situation of the market reach to bring out the Arabic-speaking tallent in you .

Abeg those our ogas wey go on emergency sabbatical... I hope all is well with their portfolio ooo.

It is well.

debeey87:


Baba Richy,
Biko explain this ASI at 20,000 nau. I have been asking this question for over a week nau but it seems people are hoarding info . What happens when ASI reaches 20k.

http://www.bloomberg.com/quote/NGSEINDX:IND

The above link is the all Share Index it's currently @22700 basis point.

Elai147:




My brothers the current situation of the market reach to bring out the Arabic-speaking tallent in you .

Abeg those our ogas wey go on emergency sabbatical... I hope all is well with their portfolio ooo.

Sir, they went to sabbatical leave because they don't want to be caught in the crossfire of bear. And we that don't have nowhere to go, the almighty God will continue to protect and see us through. Don't be surprised if you see them buying in tranches along the line but it will be difficult to disclosed that

E be like say elumelu enta MKT.

All mopped up now, but dont clap for the elephant yet...........
lest new suppliers shouldst emerge from the shaddows.

Oya, let's cast ourselves - For those in the market, what percentage has your portfolio lost so far?

Yours truely is sitting on a loss of about 18%.

Yours?

zendi:
All mopped up now, but dont clap for the elephant yet...........
lest new suppliers shouldst emerge from the shaddows.

laughter in bearish season

C'mmon elephant..crude oil poured on the floor of NSE no go let am run fast

لم يقم سوق القاع. يتيح اقتراض من الحمار الكبير

شيل ىتسس. ሸጨሐ شض تنخ

http://www.cnbc.com/2016/01/18/oil-under-30-some-are-getting-closer-to-10.html


An end to sanctions on Iran has driven global crude futures to 12-year lows and brought sub-$20-a-barrel oil in sight, although for some producers that is already a painful reality.

This unfortunate group sells some physical crude cargoes at prices that are closer to $10 a barrel, thanks to an abundance of the "sour" grades they produce and a consumer base that favors higher-quality "light" oils from other origins.

Producers of certain crudes from Mexico, Venezuela, Canada and Iraq are bracing for worse to come as Iran - now free of international sanctions - prepares to offload hefty supplies of heavy sour grades onto export markets.

Some cargoes of heavy Mexican crude are trading for less than $13 a barrel, and downside price momentum for hard-to-refine grades looks set to intensify.

mercylicious:
لم يقم سوق القاع. يتيح اقتراض من الحمار الكبير

mercy y.
the post above means come and grab me tightly before the bears drink beer on me(b4 bear grabs her)

By the time the f00l has learned the game, the players have dispersed. Yea

debeey87:


Baba Richy,
Biko explain this ASI at 20,000 nau. I have been asking this question for over a week nau but it seems people are hoarding info . What happens when ASI reaches 20k.

what it mean is when it reach the 20k,,,, baba Richy will come again with oil news to shift the ASI to new target of 15k and so on

mercylicious:
لم يقم سوق القاع. يتيح اقتراض من الحمار الكبير

Bear don turn everyone to Alfa nla (Madam, why Big Ass with Arabic naau)

http://www.bbc.com/news/business-35340893 Oil price rebounds after falling below $28 a
barrel
18 January 2016 Business
The oil price has rebounded after falling below
$28 a barrel as oil producers' group Opec
predicted crude would mount a recovery this
year.
Brent crude, used as an international benchmark,
fell as low as $27.67 a barrel, its lowest since
2003, before recovering to trade at $28.86.
The price of US crude was $29.65 a barrel after
hitting $28.36.
Investors fear the lifting of Western sanctions on
Iran could worsen the existing oversupply
problem.
Iran's deputy oil minister Roknoddin Javadi has
expressed confidence the country can produce
an extra 500,000 barrels per day.
Phillip Futures analyst Daniel Ang said the earlier
price drop was due to concerns about Iran. "This
means we will be seeing a bigger oil glut with
Iranian crude exports coming back to the
market," he said.
The benefits of cheap oil
How low can oil prices go?
However, Opec said in its January market report
that it expected to see the price of crude begin
a rebalancing process in 2016.
The group forecast that in the next six months
non-Opec members would be unable to sustain
production because of the continuing low oil
price.
Excess supply
The decision to lift the sanctions against Iran
came on Sunday after the international nuclear
watchdog, the IAEA, said Iran had complied with
a deal designed to prevent it developing nuclear
weapons.
Iran has the fourth largest proven oil reserves in
the world, according to the US Energy
Information Agency and any additional oil would
add to the one million barrels a day of over-
supply that has led to a more than 70% collapse
in oil prices since the middle of 2014.
Analysts said Iran already had quite a lot of oil
ready to sell.
"Iran has quite a large storage of oil at the
moment. They are in a position to sell that if
they choose to do so and increase supply quite
quickly," said Ric Spooner, chief market analyst
at CMC Markets.
The drop in the price of oil has been driven by
oversupply, mainly due to US shale oil flooding
the market.
At the same time, demand has fallen because of
a slowdown in economic growth in China and
Europe.
Historically, Opec has cut production to support
prices. But led by Saudi Arabia, by far the
group's most powerful member, the group has
resolutely refused to trim supply this time.
Analysts expect supply to continue to outstrip
demand over the next two years, which would
keep prices low.
HSBC chief executive Stuart Gulliver said that he
expected the price of oil to settle at between
$25 and $40 in one year's time.
"Major producers are currently delivering 2-2.5
million barrels per day more than demand, so the
question is how long they can continue to
overproduce for at that level," he said, speaking
at the Asia Financial Forum in Hong Kong.

this Skye ehn
http://www.pmnewsnigeria.com/2016/01/18/principal-officers-of-skye-bank-face-contempt-proceeding/

http://af.reuters.com/article/nigeriaNews/idAFL8N1522AN?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+%28News+%2F+Africa+%2F+Nigeria+News%29&&rpc=401 Jan 18, 2016 1:21pm GMT
PDATE 1-Nigeria stocks fall 3.36 pct to 3
/2-year low on sell-off by investors
(Add details, background, analyst quote)
LAGOS Jan 18 (Reuters) - Nigeria's share index fell 3.36 percent on Monday to its
lowest point since July 2012, with fund managers jittery over the central bank's
inability to provide dollars for investors exiting the market, traders said.
The share index, which has the second biggest weighting after Kuwait on the MSCI
frontier market index, has fallen for nine straight days, sliding below the
psychologically important 23,000-point line to a level last seen on July 12, 2012.
The sell-off in stocks apparently was prompted by talk that foreign exchange
auctions for offshore investors would now be held weekly, analysts said.
The local bourse indicator share index was down 22,738 points by 0100 GMT,
extending the losses in the year-to-date to 17.9 percent.
On Friday, the central bank's financial markets director said foreign exchange
auctions would no longer be held daily. Four days earlier, the monetary authority had
halted dollar sales to retail currency outlets.
"We don't sell (dollars) on a daily basis any more. When we do the auction,
everybody bids," said Emmanuel Ukeje.
"Oil prices are expected to tank in coming weeks ...(and) heighten the supply glut in
the market. That, coupled with CBN capital control measures, will keep FPIs
(Foreign Portfolio Investors) sitting on the sidelines or dumping Nigerian equities,"
United Capital said in a research note on Monday.
It told clients that corporate performance expectations for the 2015 financial year
remain feeble and do not provide a basis for a market rebound. (Reporting by
Oludare Mayowa; Editing by Mark Heinrich)