Godisfaithful:



It is already N494 Naira to a $$$$ at the moment . They should continue...

Maybe dollars go rest @ 500 , not too good

stocks with new 52 week low
NAHCO #2.21k
CCNN #4.05k
stock with new 52 week high
Mobil #324.13k

lancee:




Maybe dollars go rest @ 500 , not too good

Sir Lancee, this government is not helping the matter. I don't think the cluelessness of this government would stop when Naira to a $$$ hit 500. That's what we said when $$$ was 200 something trying to crosss 300. Today we are saying same, same, and same thing... Thank God i bought small $$$ when my BDC still have many. It shouldn't had get to this but this government escalate the situation...

Very very unfortunate...

Godisfaithful:


Sir Lancee, this government is not helping the matter. I don't think the cluelessness of this government would stop when Naira to a $$$ hit 500. That's what we said when $$$ was 200 something trying to crosss 300. Today we are saying same, same, and same thing... Thank God i bought some small $$$ when my BDC still have many. It shouldn't had get to this but this government escalate the situation...

Very very unfortunate...

The dullard seems to be on a mission to destroy everything probably because of what he went through before coming back to power or maybe this is his own way of stealing by enriching himself through abokis without any trace to him.I pray to God to remove him before 2019 and provide well articulate/coherent leadership that we revive our dying country.This Armenian man doesnt give a Bleep,infact he hate the capital market probably he thinks its too easy not knowing is a game of brain and not the type that a person without certificate can participate.

We will be competing with Ivory coast when it gets to that time.

lancee:




Maybe dollars go rest @ 500 , not too good

yinka2011:



no b greed bros. 100 naira more from todays closing price is fair value as per the deal.

those indians at nipco know what they are doing.

im trying to buy more but no one is selling now.

i want to secure my easter as well

once again i must hail easykobo

All is well. At times, it is good to be greedy. I sold mine on wednesday. Enjoy yourself.

angelo82:


The dullard seems to be on a mission to destroy everything probably because of what he went through before coming back to power or maybe this is his own way of stealing by enriching himself through abokis without any trace to him.I pray to God to remove him before 2019 and provide well articulate/coherent leadership that we revive our dying country.This Armenian man doesnt give a Bleep,infact he hate the capital market probably he thinks its too easy not knowing is a game of brain and not the type that a person without certificate can participate.

Not only the capital market sir, he doesn't understand how economy(free market) works...That shouldn't surprised you. I hope the defendant of this clueless president can point to one positive thing the country has enjoyed since his emergence as Nigeria President? Even those that doesn't depends on government have already turn to beggar. Poverty upon poverty is increasing daily...people are finding it difficult to feed themselves, family are separating because of their policy, increment in crime and mortality rate, tribalism, herdsmen taken over the city,...Within 1 and half years Naira had lost more than 60% of its original value, etc. One thing is very certain, this government is a complete disaster in waiting...


Firms expect higher inflation, further fall in Naira value — CBN report
http://www.vanguardngr.com/2016/11/firms-expect-higher-inflation-fall-naira-value-cbn-report/

No (foreign)investors will invest in a controlled economy like ours...even the local investor are running away!

Godisfaithful:


Not only the capital market sir, he doesn't understand how economy(free market) works...That shouldn't surprised you. I hope the defendant of this clueless president can point to one positive thing the country has enjoyed since his emergence as Nigeria President? Even those that doesn't depends on government have already turn to beggar. Poverty upon poverty is increasing daily...people are finding it difficult to feed themselves, family are separating because of their policy, increment in crime and mortality rate, tribalism, herdsmen taken over the city,...Within 1 and half years Naira had lost more than 60% of its original value, etc. One thing is very certain, this government is a complete disaster in waiting...


Firms expect higher inflation, further fall in Naira value — CBN report
http://www.vanguardngr.com/2016/11/firms-expect-higher-inflation-fall-naira-value-cbn-report/

No (foreign)investors will invest in a controlled economy like ours...even the local investor are running away!

Investors in equities have lost more than half of their wealth and real estate is dead in Nigeria.I dislike the guy and bad thing about him is that he is not even a Nigerian.

angelo82:


Investors in equities have lost more than half of their wealth and real estate is dead in Nigeria.I dislike the guy and bad thing about him is that he is not even a Nigerian.

,

I rem'ed May last yr after the election there was a dangerous rally @ the stock market ..investors were waiting for sound economic policies it took months to the budget , also the selecting the cabinets ,and devaluation ..na the side effects we dey see so

I do not see what this Gov can do to change peoples mind come 2019 ..But let us wait see , as we always say ..lets wait and see

[quote author=lancee post=51576855],

I rem'ed May last yr after the election there was a dangerous rally @ the stock market ..investors were waiting for sound economic policies it took months to the budget , also the selecting the cabinets ,and devaluation ..na the side effects we dey see so

I do not see what this Gov can do to change peoples mind come 2019 ..But let us wait see , as we always say ..lets wait and see [quote]

For the bolded, time will tell.

angelo82:


Investors in equities have lost more than half of their wealth and real estate is dead in Nigeria.I dislike the guy and bad thing about him is that he is not even a Nigerian.

this is the first time I'm seeing this. you have articles I can read this from?

I've tried googling but nothing came up.

richie9093:



this is the first time I'm seeing this. you have articles I can read this from?

I've tried googling but nothing came up.

It's no secret, he is Armenian and some northerners knew also.Anything Armenian stinks of poverty/corruption but you may never know.The Armenians in Europe even boasted pre 2015 election that they have infiltrated Nigerian government to the highest level and their son is going to be the next president of Nigeria.Some diplomat knew too.This is what Armenian leadership looks like,poverty to have a cooperative followers.

angelo82:


It's no secret, he is Armenian and some northerners knew also.Anything Armenian stinks of poverty/corruption but you may never know.The Armenians in Europe even boasted pre 2015 election that they have infiltrated Nigerian government to the highest level and their son is going to be the next president of Nigeria.Some diplomat knew too.This is what Armenian leadership looks like,poverty to have a cooperative followers.

oga which one be armenian again?

yom2:
oga which one be armenian again?

Lets forget about it and concentrate about stock related discussion.

yom2:
oga which one be armenian again?

angelo82 is probably joking. Armenians are typically Caucasian, with Kim Kardashian being the most popular person of Armenian descent on the planet. And for a country of less than 3 million people founded in the early 1990's, to have one of theirs rule Nigeria, it will most definitely not be a secret. Buhari is not an Armenian.

passwelle:

angelo82 is probably joking. Armenians are typically Caucasian, with Kim Kardashian being the most popular person of Armenian descent on the planet. And for a country of less than 3 million people founded in the early 1990's, to have one of theirs rule Nigeria, it will most definitely not be a secret. Buhari is not an Armenian.

I dont think Angelo is joking and its probably the truth because a little is known about his Father, all we knew was that his father died when he was 4, aside that, his father was said to have twenty something children, but I dont think I've ever heard of any of them or any of his family aside his wife and children unlike that of GEJ, probably that's because they arent in Nigeria

passwelle:

angelo82 is probably joking. Armenians are typically Caucasian, with Kim Kardashian being the most popular person of Armenian descent on the planet. And for a country of less than 3 million people founded in the early 1990's, to have one of theirs rule Nigeria, it will most definitely not be a secret. Buhari is not an Armenian.

i tire o abi na d recession dey make people dey talk anything

princemolak:


I dont think Angelo is joking and its probably the truth because a little is known about his Father, all we knew was that his father died when he was 4, aside that, his father was said to have twenty something children, but I dont think I've ever heard of any of them or any of his family aside his wife and children unlike that of GEJ, probably that's because they arent in Nigeria

Thank you.

Thank you Emir Sanusi for this submission..So on point..

https://www.thecable.ng/cbn-illegally-funding-buharis-government-says-sanusi

Recession: 2017 N7trn budget size may not resuscitate economy – Osinbajo

http://www.vanguardngr.com/2016/12/recession-2017-n7trn-budget-size-may-not-resuscitate-economy-osinbajo/

Each day, each confusion for this government...even no hope for 2017 in terms of reviving this recessive economy! Nigeria is on a long thing...

And people are busy making serious cash on d nse, after which some come here to mummur.I can sense their devious schemes

Adesiji77:
http://nairametrics.com/who-is-off-loading-wema-bank-over-a-billion-shares-sold-in-one-week/

Is it that someone is dumping the stock or it's that someone is mopping them up? Is it possible to tell the difference by looking at the trade volumes alone? I know that the Bank was rated well along side GTB, Zenith and UBA though in the last Fitch ratings - if I remember correctly.

princemolak:


I dont think Angelo is joking and its probably the truth because a little is known about his Father, all we knew was that his father died when he was 4, aside that, his father was said to have twenty something children, but I dont think I've ever heard of any of them or any of his family aside his wife and children unlike that of GEJ, probably that's because they arent in Nigeria

i wonder where u guys got all those strange ideas, have u ever seen any extended family of armenian descent flocking around him since d sixties? Or are u trying to say he is a fulbe, fula, or fulfude from senegal or chad?

who could be buying into wema bank? Is the bank hot?
last I checked it is just a regular regional bank.
Let's keep our eyes peeled guys. The market is quiet right now.

Adesiji77:
http://nairametrics.com/who-is-off-loading-wema-bank-over-a-billion-shares-sold-in-one-week/

who could be buying into wema bank? Is the bank hot?
last I checked it is just a regular regional bank.
Let's keep our eyes peeled guys. The market is quiet right now.

ExLaidback:


Is it that someone is dumping the stock or it's that someone is mopping them up? Is it possible to tell the difference by looking at the trade volumes alone? I know that the Bank was rated well along side GTB, Zenith and UBA though in the last Fitch ratings - if I remember correctly.

When that Fitch rating came out , I exepected WEMA stock to start moving Northward, but I was shocked when the dumping started

debeey87:
We will be competing with Ivory coast when it gets to that time.

Not likely, probably get much worse so the Emefiele scam crew can buy at 305 and sell at N100 plus premium with ease ! On a every 10 million usd sold, they make 1 billion Naira easy.

Godisfaithful:
Recession: 2017 N7trn budget size may not resuscitate economy – Osinbajo

http://www.vanguardngr.com/2016/12/recession-2017-n7trn-budget-size-may-not-resuscitate-economy-osinbajo/

Each day, each confusion for this government...even no hope for 2017 in terms of reviving this recessive economy! Nigeria is on a long thing...

well its true... nigerias budget should be in the region of 20 trillion naira... nigeria and kenya have almost similar size of budget

Plz weti toni elumelu de sign?

The downside risk of oil companies investments in 2017 is minimal.
Many investors has started taking positions in oil stocks since the OPEC deal is announced.
Investors are also waiting for another announcement this week from opec if their meeting with the non opec members is up to expectations.
The upstream companies and their financers(Banks) are the stocks to watch in 2017.
Those of you in OANDO,FBN,FCMB,UCAP and Eterna oil,sit tight for the time of risk is over.
Crude oil rise in 2017 is part of agendas in fixing the economy and getting out of recession(65%)

I See most of the oil companies especially the exporters going on bid again this week......

Week of investors appetite renew
Week of volume watching mode

2017.........year of wiping away of tears.......rolling

Big Oil Earnings To Explode In 2017
By Rakesh Upadhyay - Dec 02, 2016, 5:40 PM CST
The energy sector has been outperforming other sectors among the S&P 500
companies this year, with a gain of 21.79 percent year to date. Now the
question is whether or not the recent OPEC deal will further improve the
prospects for the sector in 2017?
Doug Terreson, head of energy research at Evercore ISI and Institutional
Investor's top-rated analyst for integrated oil certainly believes it will. He
expects oil companies to double their earnings in 2017 on the back of a
sustained increase in crude oil prices and low oilfield service costs.
"We're unrepentantly bullish here. Investors portfolios in our view should be
overweight energy and this includes integrated oil, E&P and oilfield service
stocks," he told CNBC's "Fast Money: Halftime Report" on Wednesday. "Our
call this year has really been not to overthink it because with the oil price
rising and costs declining, performance would probably be pretty good, and
so far so good," he said.
The bullishness is because OPEC not only struck a deal to cut production, it
surprised the markets with a larger than expected cut. OPEC agreed to cut
1.2 million barrels a day and expects Russia and other non-OPEC nations to
cut another 600,000 barrels a day of oil, bringing the total cut to 1.8 million
barrels a day.
"This deal is significant. It sends a very strong message to the market and it
should help the market find a balance," said Simon Flowers, chief analyst at
Wood Mackenzie. Flowers forecasts Brent to average $55-$60 a barrel in
2017, but cautioned this would "depend on OPEC being very careful to meet
the terms of the agreement," reports Reuters .
As a result of the deal, crude oil prices rallied along with a rally in companies
from the oil sector. Crude has reached close to the current levels twice in the
past year, but hasn’t been able to break out of it.
Hence, it brings a logical question to mind. Has crude bottomed out? The
second question is, will we see the sustained rally in crude that is needed to
justify a buy on oil companies?
Related: Why The Oil Industry Shouldn’t Fear Peak Demand
“The main thing about this deal is there’s a lot less risk that oil prices go
back to $40, or below that,” Desjardins senior economist Mathieu D’Anjou
said, reports Business Financial Post.

NSE Oil&Gas Index will likely be on the green !