rebekah2011:


I tire for these analysts. You dont devalue you are wrong, you devalue you are wrong. Very soon the prices of equities will reach the roof top now. The people I pity are those that have their cash sitting in their bank accounts and not ready to take any risk.

allow them . . people will see what they want to see

@Dolarpo: Opening bids on Nigeria's new interbank market at N254 courtesy #Rencap

The whole world is watching this closely!

feelamong:
@Dolarpo: Opening bids on Nigeria's new interbank market at N254 courtesy #Rencap

The whole world is watching this closely!

Chai!! if true....

Nigeria's naira was quoted at 253 against the U.S. dollar as a new interbank market opened on Monday but no trades were yet to be agreed, dealers said.

Nigeria's central bank said last week it would scrap its fixed exchange system which has seen the currency pegged at 197 to the U.S. dollar for the past 16 months. (Reporting by Chijioke Ohuocha; Writing by Joe Brock; Editing by Andrew Heavens)

http://www.reuters.com/article/nigeria-currency-quote-idUSL8N19C13U?feedType=RSS&feedName=usDollarRpt

locodemy:


If this exchange policy favours foreign investors as we will see the reactions today,my brother the ones you sold will be difficult to get and if they see it as a failure, it will be ok for you if you sell now and come back later......it is a two sides of coin........for me i am not selling anything because i may not see those good stocks i have now again to buy at a reduced price.............bros abeg dont panic.....good signs ahead

One love . you are investor .

Coy's with Q2 earnings release / interim div. payout will ride the bull from this week... DD advised. Happy trading week guys.

I can feel the enthusiasm of traders on the exchange. Play your game well.

Kashif:


Chai!! if true....

@Dolarpo: And we're down to N257...wicked people that want to tarnish our image. We're going to N220 per dollar. Lol

Youngzedd:
4. Bad news for banks and businesses with forex loans
The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel. Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

The oil and gas industry is Nigeria's main foreign exchange earner. Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory. A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.

Banks have already written off some of these loans. It is people that want to access new credits that will suffer for it. Higher interest rates. Personal assets of some of the directors will be sold too. Expect to see roforofo fight soon.

I love Monday mornings when I can do my quick trap setting before the crowd comes along!

megainvest:
I love Monday mornings when I can do my quick trap setting before the crowd comes along!

you can feel the nerves lol

interesting times ahead

[quote author=megainvest post=46743106]I love Monday mornings when I can do my quick trap setting before the crowd comes along! [/quo

Pls some1 assist me with current prices:
UCAP.
GTB
ACCESS
ZENITH.
DANGSUGAR.

Thanks in advance.

[quote author=DeRuggedProf post=46743512][/quote]

This mornings Reference prices:

UCAP = 2.48
GTB = 22.5
ACCESS = 5.92
ZENITH = 16.8
DANGSUGAR = 7

Note current price varies

megainvest:


This mornings Reference prices:

UCAP = 2.48
GTB = 22.5
ACCESS = 5.92
ZENITH = 16.8
DANGSUGAR = 7

Note current price varies

God bless you.

Meanwhile, Zenith on steroids!

megainvest:
Meanwhile, Zenith on steroids!

Initial gra gra!!

http://www.channelstv.com/2016/06/20/cbn-resolves-to-clear-all-backlog-of-forex-demand-in-the-country/

Omo Emefiele really means business....

feelamong:


Initial gra gra!!

Lol

Like play like play, na so the thing go gra ga enter N20!

megainvest:


Lol

Like play like play, na so the thing go gra ga enter N20!

gbam

N255/USD opening trades as @ 10:25am.

http://af.reuters.com/article/nigeriaNews/idAFL8N19C1CS
Nigerian naira devalues 23 percent after currency peg.

LAGOS, June 20 (Reuters) - Nigeria's naira devalued 22.7 percent against the U.S. dollar on Monday as interbank market trading began following the removal of a central bank currency peg, Thomson Reuters data showed. The naira traded at 255 against the dollar on Monday, weakening from the 197 peg maintained by the central bank for the last 16 months.

Something is cooking at WAPIC part 1

Something is cooking at WAPIC part 2

In a bull market, the more you decide to stay on the sidelines, the more you will have to pay for it!

megainvest:


Lol

Like play like play, na so the thing go gra ga enter N20!

Na him we want o

Pls whats the meaning of repricing

Disclaimer: I'm long WAPIC.

Please brothers whats repricing

uzoboy86yahoo:
Pls whats the meaning of repricing

When you go to the market and Tomato is no longer the same amount you bought it on your last visit.

I had expected the leading stocks to have done more than +5% by now.
Something is happening... .
I want to DISCARD EMOTIONS.....BULLS are not SUPPOSED to use the word GENTLE... . BULLS are AGGRESSIVE....

Manonamission:


When you go to the market and Tomato is no longer the same amount you bought it on your last visit.

decreasing price or increasing price?