ihedioramma:
If it is august what of interm ?

No interim last year.....I dont think there will be any interim this year....just the final dividend

Chibuking81:

If they fail to open tomorrow or allow us at least an access to log in and view/see our account balance, that means that they use our money to buy stocks for their own personal gain, and plan to allow us have access to our account when they sell by the end of tomorrow or beginning of the market section on Monday.
If it happened that way, it will be the beginning of their dawnfall, because their action is a sign of time bomb waiting to explode.

to view your account is the easiest now demo paper balance is there for your satisfaction

Chibuking81:

If they fail to open tomorrow or allow us at least an access to log in and view/see our account balance, that means that they use our money to buy stocks for their own personal gain, and plan to allow us have access to our account when they sell by the end of tomorrow or beginning of the market section on Monday.
If it happened that way, it will be the beginning of their dawnfall, because their action is a sign of time bomb waiting to explode.

Anybody that has access to Morgan capital security management should advise them to open tomorrow morning for us to have access to our account balance or for withdrawal of my funds if they are not trading.....otherwise they will know some people are TROUBLE MAKERS. ..,.I will ensure I take it up with them to a LOGICAL Conclusion with SEC or to Supreme Court. ..This is very UNPROFESSIONAL

ukay2:


No interim last year.....I dont think there will be any interim this year....just the final dividend

There will be . what of 2015 ? .

http://nairametrics.com/n701b-intervention-the-10-gencos-that-have-received-n12-billion-from-nbet/

Transcorp may soon EXPLODE when they get their own payment

ihedioramma:
There will be . what of 2015 ? .

None in my achieve

pays to be aggressive & defensive in this bullish mkt !

#Don'tDull

'' 2. When you catch a Trend, ride it to the end.

Your system must be able to jump on a trending market, but then also be able to ride that trend to the end. Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. Let a trailing stop take you out of a trade when the trend is over, and only exit once you are stopped out.

The trend is your friend except at the end where it bends. -Ed Seykota ''

#Like

The Senate, however, rejected the report on National Road Funds, stepping it down for further legislative action. The proposed Road Funds Bill has generated controversy over alleged plans to introduce additional N5 fuel levy as one of the major sources of financing the fund. Speaking in favour of the bill, Gaya explained that it would “provide a predictable funding for roads in Nigeria.” He said that it would create environment for effective participation of public-private- partnership. The lawmaker said the idea of road funds was not new, citing examples from countries like Tanzania, Kenya, Ghana, Malawi, Togo and United States where funds were generated from fuel levy. According to him, Nigeria can generate N94 billion annually from fuel levy to help fund roads in the country. He said that the levy would be paid directly into signatory account of the National Road Funds, adding that Nigeria Customs Service would be responsible for the remittance. In his contribution, Sen. Kabiru

Coolcash1:


Which dirty alert. CSCS has been charging me fee for alert which I was getting before but suddenly stopped..I have complained severally to my broker but nothing has been done since then.

To those defending brokers like cheap-ass- dirty- stinking wig lawyer, I pity you. Never stick out your neck for any of them. The short cuts and sharp practices they do with clients money cannot make me vouch for them.

For those not satisfied with Morgan, you can move to TRW Stockbrokers they have good customer relations and friendly charges...

Can you assist to state their charges here ?

Sincerely, Morgan self no dey try .... na so dem make person loose money last for their suspension when bear dey mkt. Bull dey now... u shut traders out.

The flame continues this morning.Unquenchable one.

OANDO SAYS NOT BUYING PORTHARCOURT REFINERY

The Group Chief Executive Officer of Oando PLC, Wale Tinubu, appeared before the Senate Joint
Committee on Petroleum Resources thursday, to correct allegations regarding Oando’s supposed role in
the privatisation of the Port Harcourt refinery.
“As indicated in the rejoinder statement we published, I must explicitly state that no mandate for the
concession, sale, equity transfer or privatiSation of the Port Harcourt refinery or any of the nation’s
refineries has been signed with Oando. As a crude exporter and supplier of refined products to the country,
it is intuitive and patriotic for us to be interested in the refurbishment and upgrade of the refineries.
“Our proposed participation as a local partner in this effort is an opportunity to drive the country forward
and accelerate the process to see product security realised in this dispensation. We share the vision of the
Nigerian Government to become a petroleum product self-sufficient country in the short to medium term,
and ultimately be a net exporter. The Port Harcourt refinery remains a national asset, under the full control
of the NNPC as far as we are aware,” Tinubu said in a statement to the Committee Chairman Senator
Kabir Garba Marafa of Zamfara state.
Nigeria’s refineries have continued to lie in a perpetual state of disrepair and encounter capacity utilisation
challenges due to sporadic crude supply, lack of funding, challenged maintenance execution, and
bureaucracy.
Also, the Federal Government said it would need about $1.2 billion to repair and bring the three refineries
of the Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri, and Kaduna, up to 100 per
cent production level.
It said that in this regard, it was looking for financiers to take this up and not concessioning the refineries
as previously reported.
The Senate initiated a hearing following reports which indicated that the Port Harcourt refinery was due to
be sold via a privatisation or concession exercise with Oando and Eni as the preferred consortium.
Initial findings from the Upper Legislative Chamber show that the NNPC is still at a preliminary stage of
information gathering regarding the proposed refurbishmen. Aniebor Kragha’s, the NNPC’s Chief Operating
Officer, Refineries, indicated that President Muhammadu Buhari’s directive has always been a non-
privatisation of the country’s refineries.
However, President Buhari has always supported the potential engagement of strategic investors with
refining experience and funding capacity to collaborate with local players who understand Nigeria’s
downstream oil market to revamp the refineries.
In a bid to strengthen international relations, ENI (an Italian oil and gas company), committed to
supporting the rehabilitation of the country’s refineries, specifically the Port Harcourt refinery in which it
has a long history of technical involvement.
Earlier this year, the Minister of State for Petroleum Resources and Chairman of the Board of the NNPC,
Dr. Emmanuel Ibe Kachikwu met with ENI CEO, Claudio Descalzi, to discuss further cooperation between
ENI and the Nigerian government within the energy sector.
The NNPC and ENI, through its local subsidiaries, Nigerian Agip Oil Company (NAOC) and Nigerian Agip
Exploration (NAE), signed a Memorandum of Understanding (MoU) to promote new activities which would
significantly boost Nigeria’s social and economic development.
In the upstream sector, oil and gas production operations would increase with an increased focus on
development and exploration activities in the onshore, offshore and Ultra Deep Water operated areas. The
parties also agreed to explore a potential collaboration on refined product security via technical services for
the rehabilitation and enhancement of Port Harcourt refinery, while power generation and access to energy
would be further enhanced by doubling the power generation capacity in Okpai IPP through the fast track
development of its Phase II, making it one of the largest combined cycle power plants in Africa.
The MoU also set the basis for the assessment of the electricity national grid reliability alongside efficient
renewable energy projects, to secure energy accessibility in Nigeria’s most remote areas.
ENI/NAOC’s decision to partner with Oando to explore technical and funding options to support the
government’s refinery rehabilitation efforts is understandable taking into consideration the long standing
working relationship going as far back as 2002 when Oando acquired acquired ENI’s downstream business
in Nigeria (Agip Nigeria Plc) and more recently via upstream and DSDP Joint Venture (JV) contracts.
At the Senate hearing, the Honorable Minister of State for Petroleum Resources and Mineral Affairs, Dr. Ibe
Kachikwu commended Oando’s willingness to participate in the rehabilitation process saying “We are very
grateful for any company or companies that has shown an interest in the refinery rehabilitation efforts.”
With the refinery privatisation scheme proven untrue, the Senate has been widely applauded for its
oversight of the NNPC, reinforcing the long-running mandate of the Buhari administration regarding
transparency and accountability by all arms of Government and within the private sector. The hearing is
also testament to the Federal Government’s efforts to implement pertinent and active reforms to develop a
more stable and enabling oil and gas landscape within the downstream sector to tackle capital flight,
negatively impacting jobs, infrastructure growth, public service provision, and ultimately the country’s GDP.
“We acknowledge that Oando was quoted out of context and we hope that they understand that this
committee was set up as a matter of oversight and in the interest of Nigerians because we represent
Nigerians. When the time comes, we will instruct the NNPC to carry out this rehabilitation process in the
most transparent manner. We advise Oando as a responsible company and good corporate citizen to
guard its future statements in public, but applaud the fact that the minute they were misquoted by the
media, they put out a statement to correct the facts,” said Senator Kabir Garba Marfa, the Chairman of the
Joint Committee.
The crude processing nameplate capacity for the nation’s refineries stands at Port Harcourt – 210,000
bpd, Kaduna – 110,000bpd, and Warri – 125,000 bpd. However, all three refineries supply a fraction circa
19% (2,009kt) of the nation’s Premium Motor Spirit (PMS) requirement (10,800kt) on an annual basis.
This equates to an import burden on the Federal Government in excess of $7bn annually and annual export
refining margins of ~$768m.
A long-winded privatisation exercise under the auspices of the Bureau of Private Enterprises (BPE) was
held from 2003-2007 for the Port Harcourt refinery with Blue Star Oil Services Limited emerging the
preferred bidder with a successful bid of $561 million. Almost immediately Blue Star opted out of the
investment, and was fully refunded by the Nigerian Government. The premise for refinery privatisation was
subsequently shelved.
In light of the current financial and technical deficiencies of the NNPC and avid interest from private
companies to spur the sector, the current administration publicly called on private partners, local and
international, to support the reformation program and get the refineries back up and running to full
capacity.
This reinforced a commitment made by President Buhari and Kragha in March 2017 proposing a new
approach to the rehabilitation of the refineries via private-public partnerships (PPPs).
Via its midstream vehicle, Oando Gas & Power, Oando has often taken up the mantle of supporting the
government in economic advancement through PPPs. Its first mover role in the gas sector has seen the
development of almost 300km of pipeline infrastructure in the South-West and South-East regions of the
country, providing innovative energy solutions to key industrial hubs and over 23 million people.
ENI/NAOC has substantial expertise and local knowledge as a refiner of international standing, and has
successfully built and run five refineries in Italy and Germany. The company built the the Sannazzaro
refinery, similar in complexity to PHC refinery with a capacity of 200kbbl/d, and owns the proprietary
technology that delivers Europe’s most efficient refinery. Eni also produces 4 million boepd, a stark
contrast to Nigeria’s estimated 2 million boepd.
“As a company, we have always consistently worked together with the Government in creating solutions for
the oil and gas industry and the country at large. We are not new to working hand-in-hand with the
Government in creating infrastructure to be able to utilise a common carrier for the entire industry to
benefit from. What has been agreed upon at this stage is the opportunity to try and establish a framework
for the rehabilitation of Port Harcourt refinery, which will then go through appropriate regulatory approvals,
where necessary,” Tinubu said.
In the meantime, the Federal Government yesterday said it would need about $1.2 billion to repair and
bring the three refineries of the Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri,
and Kaduna, up to 100 per cent production level.
It said that in this regard, it was looking for financiers to take this up and not concessioning the refineries
as previously reported.
The government also indicated that it would invite the Original Refineries Builders (ORB) for the three
refineries to undertake the repairs, adding that up till now, it had not selected any financier for the repairs.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated this at a press briefing in Abuja,
where he said the government was still fine-tuning its strategy for the refineries’ revamp programme.
Kachikwu, explained that recent reports that the Port Harcourt refinery had been concessioned to Oando
and Agip were untrue because according to him, the technical committee set up by the government to
undertake the review and selection process was yet to submit its report to it.
He noted that at best, what had been accomplished by the committee was to come up with a holistic
investment figure that would be enough to fix the three refineries, but not selected any firm yet even
though some firms had shown interests.
The minister also stated that there was a consensus within the government that the refineries ORBs which
are Saipem in Warri; JGC in Port Harcourt; and Chiyoda in Kaduna, would be invited to undertake the
repairs considering that they have a better knowledge of the refineries.
“Internally, we have been able to determine the sort of amount that would be required to do this work, in
terms of what work is really required to be done. The total cumulative amount is in the $1.1 billion and
$1.2 billion category between all the refineries. And that of course does not include the pipelines. You
have got to address the pipelines and that is something else that is being done,” said Kachikwu.
He equally stated that within the last one year, Nigeria spent about N4.74 trillion on importation of petrol,
adding that such cost took about 30 per cent of the total foreign exchange outlay of the Central Bank of
Nigeria (CBN).
According to him, such cost on importation necessitated the urgency to get Nigeria to stop importing
petroleum products.
“The importation of petroleum products between January and December of last year amounted to about 20
million metric tonnes. A total amount of N3.4 trillion was spent, the consumption of FX from CBN was
approximately 30 per cent of CBN total FX outlay, and the logistic costs of that importation was about
N1.34 trillion within the same one year period,” said Kachikwu.
According to him: “The domestic refining capacity as of today is six million litres out of a total
consumption of about 35 million litres, averaging less than 25 per cent. In the midst of this sort of
statistics, it was absolutely critical that we move in to try to end importation of products, improve our
refineries and get them up to 100 per cent name plate.”
He further stated on the refineries repairs framework: “We are looking for financing of the repair and
upgrade of the refineries. We are not concessioning refineries, it is simply a financing package.”
“Once we identify those individuals and see how we can make contacts with those who built the refineries
– Saipem in Warri; JGC in Port Harcourt; and Chiyoda in Kaduna, to ensure that we go back to them
because they have the designs, engineering outlay and upgrade capabilities, and in some cases, they have
the access to spare part. If we are going to achieve this within the timeframe we gave, we are going to
meet them and I think we have largely decided that those are the people we should use,” he stated.
The minister explained that the government would have to consider the overall capabilities of those who
are interested in the process. He also added that their business model would have to be tied into the
current Direct Sales Direct Purchase (DSDP) of the NNPC to be able to make profit especially with
consideration to the country’s downstream sector which has not been deregulated.
“We haven’t reached there, and so anybody indicating that contracts have been given is wrong. In terms
of who wins the financing awards, that is still work in progress. We have not received from the technical
committee their final report on this, we need to review and accept and go to FEC for approval and the
National Assembly before we proceed.
“There is an urgency in this sector that we need to address. We have begun engagements with the
National Assembly and the process continues, but we need speed in all these,” he added.

fxuser:
pays to be aggressive & defensive in this bullish mkt !

#Don'tDull

Words on marble!
Growing with a well balanced and diversified portfolio is the best.
Wherever bulls follow, we trap them.
I still refuse to be bullish on NO GO AREAS even if they over run a cheetah.
Liquidity is key. I no longer swim naked (WITHIUT A TRAILING STOP) again, in case the swimming pool dries up suddenly without notice.
I prefer springing from a rock base than taking off on quicksand....
I acquired an Emotionometer since the bulls took hold of the market....

Please did anyone of us here who placed buying order yesterday through morgan capital stockbroker received alert?

They ask us to send our buy and sell mandate yesterday through our email, I sent mine and I believe many others do so, if truly they did not use our money to buy for themselves to make their own gain and return back our money when they sell, at least one person would have testify that they bought some certain stock for him/her yesterday.

Even till now, one can not gain access to "client login" in morgan capital page, this shows that their manipulations continue and their platform may not even work today.

fxuser:
'' 2. When you catch a Trend, ride it to the end.

Your system must be able to jump on a trending market, but then also be able to ride that trend to the end. Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. Let a trailing stop take you out of a trade when the trend is over, and only exit once you are stopped out.

The trend is your friend except at the end where it bends. -Ed Seykota ''

#Like

TRAILING STOP !!!
A must have, else the market will provide one for you at a huge cost...

Chibuking81:
Even till now, one can not gain access to "client login" in morgan capital page, this shows that their manipulations continue and their platform may not even work today.

Bros.. no show today.... we go dey look Monday.

Willie2015:


Can you assist to state their charges here ?

Sincerely, Morgan self no dey try .... na so dem make person loose money last for their suspension when bear dey mkt. Bull dey now... u shut traders out.

Buy- 0.0172 and Sell 0.021

Willie2015:


Bros.. no show today.... we go dey look Monday.

this is really very sad and painful, i wish am in lagos right now, i will just visit their office and vent my anger on them. Nonsense

Chibuking81:
Please did anyone of us here who placed buying order yesterday through morgan capital stockbroker received alert?

They ask us to send our buy and sell mandate yesterday through our email, I sent mine and I believe many others do so, if truly they did not use our money to buy for themselves to make their own gain and return back our money when they sell, at least one person would have testify that they bought some certain stock for him/her yesterday.

Yes, I received a CSCS alert for my purchase mandate.

Coolcash1:


Buy- 0.0172 and Sell 0.021

Tks a Million.. Will contact them and do the acct opening sharp sharp

Chibuking81:
Please did anyone of us here who placed buying order yesterday through morgan capital stockbroker received alert?

They ask us to send our buy and sell mandate yesterday through our email, I sent mine and I believe many others do so, if truly they did not use our money to buy for themselves to make their own gain and return back our money when they sell, at least one person would have testify that they bought some certain stock for him/her yesterday.

IF they trade with our fund,it will take T+3days for our money to settle abi?so monday self is in doubt.wahala dey o trades.

Coolcash1:


Buy- 0.0172 and Sell 0.021

Which broker is this?

Chibuking81:
Even till now, one can not gain access to "client login" in morgan capital page, this shows that their manipulations continue and their platform may not even work today.

I spoke with one Adewole now. He said they will be up this morning. Waiting to find out if it is a political statement

rebekah2011:


I spoke with one Adewole now. He said they will be up this morning. Waiting to find out if it is a political statement

They better be.

rebekah2011:


I spoke with one Adewole now. He said they will be up this morning. Waiting to find out if it is a political statement

Story for the gods, is it not how one of them i called yesterday also assured me they will be up yesterday and i kept checking their website throughout ysterday. Lets hope shaa.

Which stockbroker?

Coolcash1:


Buy- 0.0172 and Sell 0.021

My People! It is very sad what clients of Morgan Capital Group has been experiencing since yesterday. I can understand why we have many complains on this platform. However, this does not call for tagging the company with "bad names". Without able to substantiate your claim, it is unethical to call the showdown of their login system - manipulative. We should be guided accordingly.

Let everyone angered by this unfortunate incident lodge his or her complain with the company and also with the regulatory body.

What will it take to trade trade directly on the nse bypassing all these brokers?

It is worst than manipulative!

BullBearMkt:
My People! It is very sad what clients of Morgan Capital Group has been experiencing since yesterday. I can understand why we have many complains on this platform. However, this does not call for tagging the company with "bad names". Without able to substantiate your claim, it is unethical to call the showdown of their login system - manipulative. We should be guided accordingly.

Let everyone angered by this unfortunate incident lodge his or her complain with the company and also with the regulatory body.

Nigeria to start international roadshow for diaspora bonds sale: Nigeria will start an international road show next week for the sale of a diaspora bond and has named Bank of America Merrill Lynch and Standard Bank of South Africa as joint lead managers, its debt management office said on Thursday. (Source: Reuters)