passwelle:

Is this a joke?

megainvest:
@ufotty, the release of results comes first. The AGM date is also usually announced when results are released.

megainvest:
@ufotty, the release of results comes first. The AGM date is also usually announced when results are released.

ufotty2001:
megainvest@ please carry your boys along ooohh!! Give us d tips! When we shd enter d desire stocks.. To achieve both appreciation and dividend during march

locodemy:
but why?no be this fbn people jumped in thru the window scrambling to buy at #5.00 some months back?The same stock is now begging me to buy it.........ok i think i can show it mercy at #2.00 by March.

ewoooo! people's fingers get burnt day by day..........i will advice everyone to allow stocks come to you and not u for stocks.

SWG1:



ppl don't actually understand that this recession is actually a feminine [/b]intertwined with technologically advanced age name. Nigeria seems to be the principal target to knock us to our default setting and destabilise caucus of God fatherism and greedy politicians not living out the masses with crude oil mentality.

After this [b]feminine, of Nigeria don't receive sense then there is no more redemption for for us.

Now we know there is femine we should be careful of companies we invest in, not all will come out of this feminine thesame. Don't bank on hope or average down out of sentiment.

It wouldn't kill to stay off investment on NSE (not NSEMPA ) for 2 months to evaluate ur addictive attachments to NSE if it's geared towards the right investment approach.

We thank God that there is exceptions to this feminine. biblical Isaac planted in that land that same yr and yielded 100 fold. So divine leading (inward witness) is the key just as u stated.

#God bless NSEMPA
#God bless Nigeria

mercylicious:


i dont understand u. please replace the bolded with masculine.
or do u mean famine?

angelo82:
EFFCC need to arrest the executive of FBNH and look into the procurement of their bad loans,it could be a bad loan scam.Very irresponsible of them to give such loans based on volatile oil prices.I believe the share price will be seriously battered but that will be when the result is out.

mercylicious:


A lot of banks do this, but its unfortunate fbn's own misfired. The asset to be purchased becomes the collateral. Remember oil price was stable when the loan was given. same with oando audacious deal.

angelo82:


It could be pure corporate fraud,just like Oando over-priced acquisition.It ridicule FBN as a corporate entity.

mercylicious:


i dont understand u. please replace the bolded with masculine.
or do u mean famine?

mercylicious:

DeRuggedProf:



Let him come and buy OANDO and FBNH. He is lucky to operate in a SANE country where humans value their family names....

ufotty2001:
Why is this room quiet!! I hope no wahala...

EDUECO:
Sitting and waiting make investors money not the thinking !

DeRuggedProf:


people are seeing opportunities, but their cash is exhausted!!!

zik4ever:
INDIGENOUS oil companies that acquired the divested interests of Shell, Total and Chevron in Nigeria, between 2013 and 2015 are at r isk of going bankrupt and may find it difficult to repay the loans they borrowed from financial institutions to acquire these assets, thereby putting the banks in dire straits also. crude-oil-pipe-702x336-436x336According to a report in Forbes, most of these deals were consummated during the period when crude oil was selling for about $100 per barrel, meaning that these firms would be faced with serious challenges in meeting their financial obligations to their lenders now that crude oil is selling around $30 per barrel. The companies, mostly affected are Newcross Exploration and Production Limited, First Exploration and Petroleum Development Company, Seplat and Aiteo Group. The report stated that oil companies that are particularly at risk of default are those that raised debt financing in 2014 to buy shares in Shell’s Oil Mining Leases (OMLs) 18, 24, 25 and 29. According to the report, at the time the acquisition deals were concluded for these assets, oil prices soared above $110 a barrel and local banks— less risk-adverse than their international counterparts – readily lent on a price basis of about $80-$90 per barrel. It further stated that Nigerian banks’ ability to maintain the lines of credit in place is now under question, given their exposure to the sector and also considering the rising cost of US dollar-denominated funding, adding that write-offs seem unlikely right now.

Read more at: http://www.vanguardngr.com/2016/02/price-slump-oil-firms-banks-risk-bankruptcy-over-iocs-assets-acquisition/