ufotty2001:
please can anybody tell me what is wrong with fidelitybank after the markdown ... when will Q1 results come out

Na everything u go chop?u don chop dividend,u wan chop share price rise join..........chai abeg borrow me only 5k make ur boy follow u enjoy kwa.

locodemy:


Na everything u go chop?u don chop dividend,u wan chop share price rise join..........chai abeg borrow me only 5k make ur boy follow u enjoy kwa.

bro no be like that oooohhh... remember one of the investment rule: MAXIMIZE your profit.. but uba, zenith bank, ucap did take that long to gain back 7o% after the markdown

Crude Prices Hit $46 A Barrel Record-year High by Caseless: 9:26am
Crude oil prices hit a year-record high of $46 a barrel yesterday, giving Nigeria a buffer of $8 over its $38 a barrel 2016 budget benchmark, a feat, which it has not attained since January.


Specifically, Brent crude rose by 77 cents from a session low this morning to hit $46 a barrel by 7.50am UK time, while the US, West Texas Intermediate (WTI) futures were up by 19 cents from $43.62 to $44.37 a barrel.


Crude oil prices have been rising since beginning of the week despite the failure of talks at the weekend between the world’s largest oil producing countries that were intended to tackle oversupply by freezing production.


Hope that the global crude oil prices will continue to rise was further boosted yesterday, as the United States (U.S.) onshore crude oil production in the lower 48 states is expected to decline from an average of 7.41 million barrels per day (bpd) to 6.46 million bpd in 2016 and to 5.76 million bpd in 2017.

The U.S. Energy Information Administration (EIA), which attributed the decline to response to continued low oil prices, noted that increased production from the Federal Gulf of Mexico (GOM) is not enough to offset those declines, with total projected U.S. production falling from 9.43 million bpd in 2015 to 8.04 million bpd in 2017.


The EIA stated that the sharp decline in oil prices since the fourth quarter of 2014 has had a significant effect on drilling in the United States.
It stated: “The number of active onshore drilling rigs in the Lower 48 states fell 78 per cent (from 1,876 to 412) between the weeks ending on October 31, 2014, and April 15, 2016. The decline in active rigs and well completions is projected to result in month-over-month onshore oil production declines of 120,000 bpd through September 2016.

“Market expectations of uncertainty in the crude oil price outlook continue to be high, as reflected in the current values of futures and options contracts. In EIA’s April Short-Term Energy Outlook (STEO), the 95 per cent confidence interval for market expectations for prices in December 2017 is relatively wide, with upper and lower limits of $20 per barrel (b) and $100/b, respectively. EIA’s April STEO forecasts Brent crude oil prices averaging $35/b in 2016 and $41/b in 2017, with the December 2017 price averaging $45/b”, it added.


EIA projects that the number of operating rigs in the Lower 48 states will continue to decrease through mid-2016 before beginning to slowly increase.
“However, expected Lower 48 production will continue to decline—although at a slowing rate—throughout 2017”, it said.

Also, the International Energy Information Administration (IEA) said that low oil prices have squeezed capital investment hard, which saw a 24 per cent drop in global capex, and this year, expecting a further decline of 17 per cent: the first back-to-back annual declines since 1986.

It said that the situation could get worse as companies continually review their spending plans.
“The cutbacks are mainly concentrated in high-cost projects in countries such as Canada, Brazil and Russia. However, the cuts are not limited to capital expenditure, or capex: operating expenditure is being cut even in lower-cost areas such as the Middle East. Such are the budgetary pressures affecting their economies that oil industry cutbacks are necessary to fund politically important social expenditure”, it added.

https://www.today.ng/business/110189/crude-prices-hit-46-barrel-record-year-high

Please where is megainvest

ExLaidback:


You know it's funny but I value good service rather than low charges any day any time. So I was supposed to move my portfolio to them but decided to watch a little more for complaints or compliments. So far I'm not impressed.

I eventually got them on the phone today, had them re-check the transfer from their end only to discover their bank did not approve the transaction.
They transferred the money again this afternoon and I received it shortly after.
MC could do better though, they have email addresses for a reason and should check them often.

UBA - target price raised above N7 by analyst on Q1
http://www.easykobo.com/News.aspx?id=19389

http://www.punchng.com/banks-suffer-from-exposure-to-oil-firms/ Nigeria’s energy companies that
bought oilfields from majors when
oil was selling for more than $100 a
barrel have been hammered by the
crash in prices. Now their troubles
are taking a toll on the banking
sector.
In the two years before crude oil
prices began falling in mid-2014,
the banks lent an estimated $10bn
to local oil and gas companies to
buy assets from Royal Dutch Shell,
Eni and Total as they retreated
from the country’s onshore
industry.
The Financial Times reported that at
the time these loans were
celebrated as a milestone for the
Nigerian finance industry and a
boost to bank portfolios aimed at
supporting greater domestic
participation in the industry.
Now that the price of Brent crude
has fallen by nearly two-thirds to
the mid-$40s, much of that lending
has become a liability.
“The banks lent way too much,”
said a foreign oil executive who
observed the wave of acquisitions
in 2012-2014.
“The assumptions made by the local
oil companies were inaccurate. The
value of the assets is basically zero
with the low oil price. The whole
system is shaking,” the executive,
who spoke on condition of
anonymity said.
Five lenders – First Bank, Diamond
Bank, FCMB, Ecobank and Skye
Bank — have issued profit warnings
in the past three months.
Only FCMB and Ecobank have
issued 2015 results despite the
Nigeria Stock Exchange’s
requirement that they do so in the
first quarter. Ecobank’s full-year
post-tax profit was down by 73 per
cent to $107.5m.
“This is highly unusual going in to
the second half of April not to have
results from these banks. It’s a
pretty big indicator,” said Ronak
Gadhia, equity analyst at Exotix.
“They are kicking the can down the
road and hoping the oil price will
recover” by restructuring the loans,
he added.
Most of the country’s 22 licensed
commercial banks are exposed to
the industry through large
syndicated loans, many of which
were not hedged, and some of
which were poorly collateralised,
according to analysts.
In a sign of the times, one of
Nigeria’s leading energy firms,
Oando, announced in its results
statement last month that
circumstances “lend significant
doubt as to the ability of the
corporation to meet its obligations
as they come due.” The company
bought an oilfield from
ConocoPhilips for $1.65bn in July
2014.
Upstream oil and gas and services
make up an average of around 28
per cent of the banking sector’s
loan books. But Robert Omotunde,
analyst at Afrinvest, a Lagos-based
investment bank, says at least two
banks have made more than 30 per
cent of their loans to upstream
energy companies — notably First
Bank, where oil and gas debt makes
up 47 per cent of the total loan
book.
In addition to the upstream energy
groups, local companies that
borrowed in dollars to acquire
power plants sold in a government
privatisation programme are also
struggling to keep up with
payments.
There has been “significant
restructuring” of energy-related
loans since the price of oil began
falling, said Adesoji Solanke, head
of research for Nigeria at
Renaissance Capital.
But for the restructuring, Solanke
estimates that the sector’s non-
performing loan ratio would be at
least 15 per cent. As is, the central
bank says the ratio stands at 4.65
per cent.

nastydamus:


I eventually got them on the phone today, had them re-check the transfer from their end only to discover their bank did not approve the transaction.
They transferred the money again this afternoon and I received it shortly after.
MC could do better though, they have email addresses for a reason and should check them often.

i have not experienced such with them. i get my money in less than 3 hours after request. However, the money to be paid must be x +3 days after sale or you attract a charge. i dont see any issue with that, it just accounting.

Chibuking81:
http://www.punchng.com/banks-suffer-from-exposure-to-oil-firms/ Nigeria’s energy companies that
bought oilfields from majors when
oil was selling for more than $100 a
barrel have been hammered by the
crash in prices. Now their troubles
are taking a toll on the banking
sector.
In the two years before crude oil
prices began falling in mid-2014,
the banks lent an estimated $10bn
to local oil and gas companies to
buy assets from Royal Dutch Shell,
Eni and Total as they retreated
from the country’s onshore
industry.
The Financial Times reported that at
the time these loans were
celebrated as a milestone for the
Nigerian finance industry and a
boost to bank portfolios aimed at
supporting greater domestic
participation in the industry.
Now that the price of Brent crude
has fallen by nearly two-thirds to
the mid-$40s, much of that lending
has become a liability.
“The banks lent way too much,”
said a foreign oil executive who
observed the wave of acquisitions
in 2012-2014.
“The assumptions made by the local
oil companies were inaccurate. The
value of the assets is basically zero
with the low oil price. The whole
system is shaking,” the executive,
who spoke on condition of
anonymity said.
Five lenders – First Bank, Diamond
Bank, FCMB, Ecobank and Skye
Bank — have issued profit warnings
in the past three months.
Only FCMB and Ecobank have
issued 2015 results despite the
Nigeria Stock Exchange’s
requirement that they do so in the
first quarter. Ecobank’s full-year
post-tax profit was down by 73 per
cent to $107.5m.
“This is highly unusual going in to
the second half of April not to have
results from these banks. It’s a
pretty big indicator,” said Ronak
Gadhia, equity analyst at Exotix.
“They are kicking the can down the
road and hoping the oil price will
recover” by restructuring the loans,
he added.
Most of the country’s 22 licensed
commercial banks are exposed to
the industry through large
syndicated loans, many of which
were not hedged, and some of
which were poorly collateralised,
according to analysts.
In a sign of the times, one of
Nigeria’s leading energy firms,
Oando, announced in its results
statement last month that
circumstances “lend significant
doubt as to the ability of the
corporation to meet its obligations
as they come due.” The company
bought an oilfield from
ConocoPhilips for $1.65bn in July
2014.
Upstream oil and gas and services
make up an average of around 28
per cent of the banking sector’s
loan books. But Robert Omotunde,
analyst at Afrinvest, a Lagos-based
investment bank, says at least two
banks have made more than 30 per
cent of their loans to upstream
energy companies — notably First
Bank, where oil and gas debt makes
up 47 per cent of the total loan
book.
In addition to the upstream energy
groups, local companies that
borrowed in dollars to acquire
power plants sold in a government
privatisation programme are also
struggling to keep up with
payments.
There has been “significant
restructuring” of energy-related
loans since the price of oil began
falling, said Adesoji Solanke, head
of research for Nigeria at
Renaissance Capital.
But for the restructuring, Solanke
estimates that the sector’s non-
performing loan ratio would be at
least 15 per cent. As is, the central
bank says the ratio stands at 4.65
per cent.

http://oilprice.com/ most banks affected by this Oando issue, from my view had seen to bottom out and were all staging to move up. With the oil price enjoying upward movement, Oando will soon recover.

OPEC oil freeze meeting fail and the price of crude oil is still moving up seriously.
The question that comes to mind is, who are those responsible for the fall in oil price?. One can easily answer United State of America, and their aim might be to weaken the power of some super nation.
Am also seen the Nigeria currency swap deal with China for direct transaction of currency to be reason behind rise in oil price, because if Nigeria succeeded, other countries will follow suit, it will be a disadvantage to dollar and weakening of the American supper power. American are in good terms with Saudi Arabia, no matter what happens in the oil freeze deal, they indirectly have their say. From months of May upwards there will be a lot of positive news, stocks will start regaining gradually.

Chibuking81:
OPEC oil freeze meeting fail and the price of crude oil is still moving up seriously.
The question that comes to mind is, who are those responsible for the fall in oil price?. One can easily answer United State of America, and their aim might be to weaken the power of some super nation.
Am also seen the Nigeria currency swap deal with China for direct transaction of currency to be reason behind rise in oil price, because if Nigeria succeeded, other countries will follow suit, it will be a disadvantage to dollar and weakening of the American supper power. American are in good terms with Saudi Arabia, no matter what happens in the oil freeze deal, they indirectly have their say. From months of May upwards there will be a lot of positive news, stocks will start regaining gradually.

ok o.oga chibukinnnnnnnnng happy weekened o.

good day everyone.. please i went to firstregistrar office yesterday to register for E dividend.. but later on they told me that i should meet my stockbroker(morgan) to upload my SIGNATURE SPECIMEN.. i have sent an e mail to morgan about the issue but morgan till now have not reply me! please anybody encounter such problems when registering for E dividend? what will i do to get my signature specimen uploaded? thanks

JAS10:

DAT is my main issue wit Morgan capital. Dey don't pick calls and dey don't reply mails

morgan have redirecting prompt when you call any of their costumer care staff nos, so follow the promt

Guess what? Today is my bday.

mercylicious:
Guess what? Today is my bday.

a bag of Honyflour, lol HBD

mercylicious:
Guess what? Today is my bday.

Happy bday madam. WLLP. Madam any negative news on champion brewery? D tin don drop to 2.81

mercylicious:
Guess what? Today is my bday.

HapppY bufday mercylicious...LLNP

http://nairametrics.com/naira-was-strong-against-the-dollar-until-i-was-removed-in-1985-buhari/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

Kai! Looks like PETERICHY and his devaluation lover friends have to wait until 2019 to see devaluation in Nigeria.

mercylicious:
Guess what? Today is my bday.

Happy birthday Madam!!

Any hope of Free beer at that our local joint in Enugu Today?

Wouldn't mind drinking a little nkwu Ocha with Nkwobi too!

mercylicious:
Guess what? Today is my bday.

Happy birthday tooooo youuuuuu. Happy birthday dear Marcyyyyy. Happy birthday tooooo youuuuuu.

mercylicious:
Guess what? Today is my bday.

Happy Birthday...wish you the very best in this life and the hereafter. Ameen

Happy Birthday Merci Mercy

mercylicious:
Guess what? Today is my bday.

Wishing the most special person in NSEMPA the most special birthday of the year. Happy Birthday Mercy!

like I always and will continue to say devaluation is a NO for now

nairametrics.com/egypt-this-is-whats-happening-to-its-currency-after-devaluing-5-times-in-one-year/

and for the apostles of devaluation,ask Egypt to devalue again and you shall be stoned to death.
Go Cairo now to see.

People should learn how to reason with micro and macro economic situations and not come out to spew rubbish.

And not just barking devalue this, devalue that up and down

mercylicious:
UBA - target price raised above N7 by analyst on Q1
http://www.easykobo.com/News.aspx?id=19389

Forget about that... na today?
Bank prices generally go together.

mercylicious:
Guess what? Today is my bday.

Happy birthday !
And more successes.