PETERiCHY:


The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market.

http://m.punchng.com/naira-hits-418dollar-forex-scarcity-lingers/

Aliko Dangote and Access bank N500 per USD prediction is now a stone throw

Even my own N1000 prediction is no longer far-fetched

Now that The FG has confirmed that they were elected to do the impossible and are clueless, what will be the future of the economy and the stock market?

http://m.punchng.com/elected-impossible-apc/?utm_source=twitterfeed&utm_medium=twitter



www.nairaland.com/attachments/3763127_fbimg1463311750774_jpeg73fcb216ac19796f3ef5762c8890e6f3




[img]http://4.bp..com/-dWYAbvqS878/VK-lGP0UeoI/AAAAAAABfc4/JSAGxa0ZtCE/s1600/new%2Bposter-06.jpg[/img]

My people,as Iraq has agreed yesterday to join Nigeria,Rusia,saudi Arabia and others to cut or freeze production/supply,what next?

Is Nigeria economy and capital market close to recovery?

Will these news impact on the share prices couple with the news of $14 billion capital injection into the economy by certain investors?

I've not seen Iran, and US/Canadian producers in the above list,
but diarriz hope.

http://guardian.ng/news/cement-price-rises-by-44-per-cent-hits-n2300-per-bag/

Dreams of lower construction costs by prospective homeowners might have become a nightmare, going by fresh increase in the price of cement products by manufacturers.

The development has already triggered a ripple effect in the open market, with prices going up by about 44 per cent in few days.

Investigations revealed that operators under the Cement Manufacturers Association of Nigeria (CMAN) have raised prices of brands by N600 per bag in factories, including additional N100 cost for haulage. This has increased retail prices from N1,600 to N2,300 depending on location. In some areas, prices have shot up to N21,350 or higher.

http://thenationonlineng.net/cement-price-rises-n2300/

We can all see that APC is a monumental fraud,

Though their yeye policies favors ONLY FOREX earners.

Well for the buy buy one's Dangote cement presents a buy opportunity

But as for me and my household we are solely holding tight to FOREX,

Bcus this sweet dollar ride is once in a lifetime opportunity

*ThE OcToPuS*

locodemy:
My people,as Iraq has agreed yesterday to join Nigeria,Rusia,saudi Arabia and others to cut or freeze production/supply,what next?

Is Nigeria economy and capital market close to recovery?

Will these news impact on the share prices couple with the news of $14 billion capital injection into the economy by certain investors?

by force and by fire
oando must fly higher

zendi:

by force and by fire oando must fly higher

what of Eterna?

Bros, you can buy from Travellex at 356 naira in Naija now, so leave all the abokis alone

PETERiCHY:


The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market.

http://m.punchng.com/naira-hits-418dollar-forex-scarcity-lingers/

Aliko Dangote and Access bank N500 per USD prediction is now a stone throw

Even my own N1000 prediction is no longer far-fetched

debeey87:
Bros, you can buy from Travellex at 356 naira in Naija now, so leave all the abokis alone

How do you buy from travellex?

Chibuking81:
what of Eterna?

I heard that their 'manipulators' were on strike.
I dont know if they have called off.

zendi:


I heard that their 'manipulators' were on strike.
I dont know if they have called off.

Who are their manipulators?

zendi:


by force and by fire
oando must fly higher

between Transhotel and Transcorp which of them have some stake in crude oil production?.

Dragonking.................PETERiCHY........................................
Politicking, campaigning and voting finished many moons ago.
Now is Governance, CHANGE and the abundance of Change Dividends.
Enjoy.......................................................................................

Chibuking81:
between Transhotel and Transcorp which of them have some stake in crude oil production?.

Transcorp

PETERiCHY:


The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market.

http://m.punchng.com/naira-hits-418dollar-forex-scarcity-lingers/

Aliko Dangote and Access bank N500 per USD prediction is now a stone throw

Even my own N1000 prediction is no longer far-fetched

not only #1000, #10,000 . how is your husband and children over there ? .

zendi:


by force and by fire
oando must fly higher

AMEN to that prayer . oando must give me capital for investment's .

debeey87:
Bros, you can buy from Travellex at 356 naira in Naija now, so leave all the abokis alone

Travelex in Nigeria is a fluke.

Even during Sanusi era when dollar was everywhere they don't sell more than $2000 let alone now,

And by the time you get your boarding pass which is a MUST prerequisite.

Couple with their delay tactics you might eventually miss your flight.

So they ends up selling to their cronies.

austinkenneth:


Who are their manipulators?

sarcasm, note the quotes. na play.

zendi:

by force and by fire oando must fly higher

No be only oando go deliver ..........plenty of them in sight

.

zendi:


Transcorp

ok thanks, I have seen more information about them.
1. Transcorp, deals on four sector,
(a) power
(b) oil & gas
(c) hospitality
(d) agriculture
While
2. Transcorp hotel has two source
(a) transcorp hilton hotel Abuja
(b) transcorp hotel Calabar.

Transcorp, as in number one above that deals on four sector, suppose to be above its current price, if I am not mistaking.

Economic data confirming slow down
Inflation 17.1%

Bad economic data.

Dear Client,

The Nigeria Bureau of Statistics (NBS) just released a set of macro economic data for Nigeria.

Please find below a summary of the statistics as released by the NBS today:

Macroeconomic Variable Q2 2016 Q2 2015 % change
Capital Importation $647.1 million $2,666.4 million -75.73%
Foreign Portfolio Investment $245.3 million $2,183.2 million -88.80%
Foreign Direct Investment $133.0 million $211.1 million -37.00%
GDP -2.06% 2.35% nm
Unemployment 13.3% 8.2% 5%
July June %
CPI 17.1% 16.5% 0.6%

A detailed analysis of these numbers and our outlook for the medium term will be released in a subsequent note.

United Capital Plc
UBA House (12th Floor)
57, Marina, Lagos, Nigeria

ok. we are with you.

About 30Million of Access traded by one buyer in tranches within the same frame of time.

[quote author=angelo82 post=48947929]Bad economic data.

Dear Client,

The Nigeria Bureau of Statistics (NBS) just released a set of macro economic data for Nigeria.

Please find below a summary of the statistics as released by the NBS today:

Macroeconomic Variable Q2 2016 Q2 2015 % change
Capital Importation $647.1 million $2,666.4 million -75.73%
Foreign Portfolio Investment $245.3 million $2,183.2 million -88.80%
Foreign Direct Investment $133.0 million $211.1 million -37.00%
GDP -2.06% 2.35% nm
Unemployment 13.3% 8.2% 5%
July June %
CPI 17.1% 16.5% 0.6%


Emefiele and Kemi are below par for such a time like this !
Bears do not joke with this type of official news
#brace

[quote author=fxuser post=48949083][/quote]

I doubt we will see any more bears linked to this data...

The market has already factored and adjusted to this released poor GDP and Inflation figures since..

I expect to start seeing some bargain buys going forward

I hope UCAP can crash more.... maybe I can catch more falling knives

cheap can become cheaper & also for much longer than anticipated.
tolerance, liquidity and patience will be tested

#chasingKnives lol

NuttyChoky:
I hope UCAP can crash more.... maybe I can catch more falling knives

FMCB is one proper one ! SP likely to break N1.00 again sadly

- MACD bearish
- RSI strongly oversodl

SP N1.01
Day range 1.04 to 1.01 (bears still in control for now)

I finally decided to step into OANDO today within the price of 4.90 to 4.95........i just hope the order will be executed before trading ends today............i am waiting for banks to give us Q3 reports so we know the ones that are capable of paying us dividend next year.........i expect the share price of banks to trade sideways till october..........Taking bet with OANDO now can pay better.

locodemy:
I finally decided to step into OANDO today within the price of 4.90 to 4.95........i just hope the order will be executed before trading ends today............i am waiting for banks to give us Q3 reports so we know the ones that are capable of paying us dividend next year.........i expect the share price of banks to trade sideways till october..........Taking bet with OANDO now can pay better.

Why buy OANDO now? why dont you wait to see the Q3 results before you plunge into the world of unknown. Which bank do you expect to give you Q3 report now. This man it is like the bears don wound you too much that you have forgotten how to read calendar. Let me epp you a bit.

Q1- JAN-MARCH
Q2- APRIL- JUNE
Q3- JULY- SEPT
Q4- OCT- DEC

They sell at the airport

angelo82:


How do you buy from travellex?