OBAGADAFFI:



Wow, some banks will feel the heat tomorrow.

It's such news Bargain Hunters feeds on.

Princkez:
na today?

And you think pulling out $793million USD from those shaky banks is a joke in this recession

feelamong:
http://punchng.com/breaking-tsa-court-orders-seizure-of-793-2m-hidden-in-banks/

Justice Chuka Obiozor ordered the seven banks to remit the various amounts being allegedly kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria.

The concerned banks are United Bank for Africa; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

According to court papers filed by counsel for the Attorney General of the Federation, Prof. Yemi Akinseye-George (SAN), a total of $367.4m was illegally hidden by three government agencies in UBA, while a sum of $41m was illegally kept in a NAPIMS fixed deposit account with Skye Bank.

The court papers stated that $277.9m was hidden in Diamond Bank; $18.9m in First Bank; $24.5m in Fidelity Bank; $17m in Keystone Bank; and $46.5m in Sterling Bank.

Emefiele just want to kill these banks especially the tier 2 ones...it just doesn't make economic sense. I know how Sterling bank is really struggling to raise funds to return these monies. Same also for skye and diamond bank...now if these monies are returned Emefiele will go and keep them in JP Morgan developing US economy at the expense of our own economy....I wonder if the guy thinks at all....shior

HY 2017: Transcorp Hotels Profit Drops by N1.1b, Declares no Interim Dividend
www.businesspost.ng/2017/07/20/hy-2017-transcorp-hotels-profit-drops-n1-1b-declares-no-interim-dividend/

Intendy:
http://nse.com.ng/Financial_NewsDocs/18916_UBA_PLC-BOARD_APPROVAL_OF_Q2_ACCT_CORPORATE_ACTIONS_JULY_2017.pdf

Uba is paying interim dividend.

Cadillac15:


Uba is paying interim dividend.

And also returning some cash illegally kept with them....

NB: They are not at fault. Personally, I feel the cash seized from looters should have been kept with commercial banks.

Kingchuks:
It's is from Meristem Securities: Analysis and recommendations.
Nay orYea?
http://meristemng.us9.list-manage.com/track/click?u=bbb27b17b0b31a5b84a5e0467&id=987ff2fc58&e=f34febe02c

Their opinion is theirs, my cash is mine.

Presco surprised me with substantial dividend today.

Toluway:
Presco surprised me with substantial dividend today.

Do like Loco.
Paint this forum RED...

dipoolowoo:
HY 2017: Transcorp Hotels Profit Drops by N1.1b, Declares no Interim Dividend
www.businesspost.ng/2017/07/20/hy-2017-transcorp-hotels-profit-drops-n1-1b-declares-no-interim-dividend/

Uncle's Tony might need to merged all transcorp subsidiaries, in other to boost Transcorp market value.

Flourmills did it some years ago, today they are doing well.

UBA Board Approves Payment of Interim Dividend
http://www.businesspost.ng/2017/07/20/uba-board-approves-payment-interim-dividend/

dipoolowoo:
UBA Board Approves Payment of Interim Dividend
http://www.businesspost.ng/2017/07/20/uba-board-approves-payment-interim-dividend/

HOW MUCH?

Deeply interested, it's as if interest in stock market across the country is waning!

Meanwhile Renmoney gives quick cash loan of as high as 4mn, no collateral and guarantor required. Requirement: Salary earners, nothing more or less. Call/whatsup Ogaga@08159385912 for 24hrs disbursement after application.

Flour Mills of Nigeria Plc (FMN) Group has announced an increase in the shareholding of one of its subsidiaries, Rom Oil Mills Limited (ROM), Ibadan, Oyo State. FMN stakes will be raised from 90 per cent to 95 per cent. With this development, the company in a statement, said it remains the largest shareholder of Rom Oil Mills, while the Shahimi family collectively own 5 per cent minority shares in the equity of ROM. The decision to increase the shareholdings in Rom Oil Mills, according to the statement, was informed by Flour Mills’ strategy of continually investing in the development of quality foods and agro-allied products for its consumers. It will be recalled that the Group had in November, 2014 announced the commissioning of an ultra-modern edible oil refinery and margarine plant by ROM Oil Mills Limited (ROM Oil) as part of FMN Group’s expansion plans for ROM Oil. The refinery had the following installed capacities: A 500 TPD universal Refinery Plant; a 500 TPD Soya Beans Seeds Extraction Plant; 100 TPD fractionation Plant; 50 TPD Margarine with Packaging Plant (in various pack sizes); and 100 TPD Vegetable Oil Bottling Plant (in various pack sizes). Announcing the increment in shareholding, FMN’s Group Managing Director/Chief Executive, Mr. Paul Gbededo, stated that FMN was fully confident that its new investment would help to strengthen the company in its drive for economic growth and industrial development of Nigeria. He stated that the investment was a key feature in FMN’s strategic drive to grow its food and agro-allied value chains, in consonance with its developmental thrust and will help boost Nigeria’s Industrial Revolution Plan (NIRP) and government’s Agricultural Transformation Agenda (ATA). “FMN strongly believes that the operation of ROM Oil will continue to significantly help to maximize local content, achieve foreign exchange savings and have a big impact on feeding the nation better,” Gbededo said.

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locodemy:



Is this transactions different from the one of Tuesday where they informed us of share buy back from UBA?
pls i need clarifications from this transactions.is it in favour of UBA shareholders or APR shareholders since both stocks are listed differently and ever since UBA divested from APR,nothing holds them in common again.

pls who knows better.........?

I think you said you are out of market for now ? . Well what i know about the two stocks is am landlord at the two stocks any one that over power i am a winner

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skaqe:
*ATTENTION EVERYONE*

TBC FIAT EXCHANGE IS LOADING. *means you can withdraw/transfer your TBC money to your bank account* WE ARE ABOUT TO REAPING MASSIVELY FROM OUR TBC INVESTMENT.

WE WERE TELLING PEOPLE TO REGISTER AND BUY TBC MONEY NOW MOST PEOPLE THOUGHT IT WAS A JOKE.

*THE REALITY IS HERE. TBC IS ABOUT TO SHAKE THE WORLD* ���.
Leaving those who neglected this opportunity regretting big time.

������������������

*IF YOU ARE A TBC HOLDER AND U HAVE GOTTEN THE PROMO THEN YOU ARE QUALIFIED ....ANOTHER OPPORTUNITY YOU HAVE IS TO REGISTER ALL YOUR FAMILY MEMBERS NOW*

GRAB YOUR 50,000 kringles free of charge...

And activate your account to be among the tester for Fiat exchange.
Exchanging your * *TBC FOR REAL CASH....AT THE CURRENT PRICE LIVE AND DIRECT.* �����������

STEP TO QUALIFY:
Log into your Dashboard after registering and activate it by paying $10

*Don't say u were not told!!!!!*��‍♀

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somebody calls for hackers, it appears they had you

DeRuggedProf:
I sight BullBearMkt!!!
No wonder, some strange mopping...
Hi my brother.

...the greatest of the greatest @DeRuggedProf!!!
I've being a bit busy at my end lately but sometimes quickly check the forum to keep me up-to-date with events. Love you guys. Keep on doing the good works, highly impressive.

The banks are sure taking a beating, from Bad etisalat loans to this TSA wahala.

http://www.newtraderu.com/2016/11/17/lessons-trading-great-george-soros/

Read time: 8mins

#GoodRead #Trading #market et al

They want to suffocate Tier 2 banks

http://www.premiumtimesng.com/business/business-news/237610-tsa-%e2%80%8ecourt-orders-seven-banks-remit-793-million-nigerian-govt.html

‘We are not guilty’
In a swift response to the judge’s decision, Fidelity Bank Plc denied holding any wrongdoing.
Charles Aigbe, the Divisional Head, Brand and Communications at the bank, said since the commencement of the TSA policy, all TSA related accounts held by the bank were fully disclosed to the authorities.


“We do not have any TSA related account with a balance of $24.5m in Fidelity Bank which has not been remitted to the authorities,” Mr. Aigbe said in a statement.
“This matter is coming to us as a surprise. We are therefore reaching out to the Office of the Attorney-General of the Federation to ascertain which account or parastatal they are referring to with a view to carrying out a detailed reconciliation.”

Is Dangflour about to break out? If quarter 2 surprises the market, then it should be in for a great ride.
Meanwhile, Oando thrives on bad news. The 'badder' the news, the better for Oando.

Not much has been seen in terms of SP appreciation on the NSE and H1 may not usher in the real bull.
Picking a stock that will pay off in the short term is going to come with a bit of luck, courage to take risk and right timing.

I need those stocks that will appreciate in the very short term. Wh

[quote author=PharmAlfred post=58675519]Is Dangflour about to break out? If quarter 2 surprises the market, then it should be in for a great ride.
Meanwhile, Oando thrives on bad news. The 'badder' the news, the better for Oando.

Not much has been seen in terms of SP appreciation on the NSE and H1 may not usher in the real bull.
Picking a stock that will pay off in the short term is going to come with a bit of luck, courage to take risk and right timing.

I need those stocks that will appreciate in the very short term. What's your forecast?

BullBearMkt:

...the greatest of the greatest @DeRuggedProf!!!
I've being a bit busy at my end lately but sometimes quickly check the forum to keep me up-to-date with events. Love you guys. Keep on doing the good works, highly impressive.

Good to hear from you, we will be awaiting your insights in this trying time of FALSE ALARMS and SUSPICIOUS EXPECTATIONS from Q2 figures.
Your guide/encouragement/presence will ensure we do not derail/panic and drop from a FERRARI and board MOLUE...

Have a great day.

“ You’ve got to love to lose money.” If you love to take small losses then you’ll never take a large one. That’s important because it’s the large ones that’ll kill ya ''


- Everett Klipp

https://www.google.com.ng/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwiW2I3ygZrVAhVDJ1AKHfiMDyoQFggrMAE&url=http%3A%2F%2Fwww.vanguardngr.com%2F2017%2F07%2Fcorrigendum-africa-prudential-registrars-acquires-6-uba-shares%2F&usg=AFQjCNGU6bQB_fsL0oX4fTOClBVZgG6V1w Nawaoo naija media and their unverified reporting. if they sue this one to court now..

The REAL secret to consistent, reliable stock market profits is simple: own top quality dividend stocks!

Huge stake in Dangote Flour....carrying over a million units...Expectation remain high...

You don't have to be a genius to become a millionaire in the stock market.

You don't have to be a master trader to ensure the investments you make return enough to fully take care of your needs when you retire.

All you need is time and a simple plan.

In fact, your plan can be as simple as buying quality, growing dividend stocks and letting the power of compounding do its work over time.

Now, we realize this may sound way too simplistic. But the truth is, long-term investing should be simple because you're using the twin forces of time and compounding. And they are far more powerful than any analysis, economic forecast, or trading strategy.

So let us show you a couple of realistic examples to prove the point...

He Was Just a Regular Investor...

You'd think it would be pretty hard to hide a billionaire these days. After all, tax returns and SEC filings can be accessed by intrepid reporters.

Still, a new billionaire crops up from time to time.

More often than not, new billionaires own businesses that hit it big. Of the 19 new American billionaires Forbes identified in 2013, eight of them inherited their fortune. Three are in real estate and loan financing. The rest own successful business.

That's the case with one of the newer American billionaires, Stewart Horejsi (his last name is pronounced "Horish").

The thing is, Horejsi used a surprisingly simple strategy to make his fortune. We use this strategy, and you probably do, too. If you don't, you should start immediately.

Investing to Make Your Fortune

Stewart Horejsi was running the company his grandfather founded.

It was 1980, and Brown Welding Supply was struggling. Other companies that sold oxygen and hydrogen tanks to welders were moving into his Kansas turf.

So in a moment of desperation (or genius), Horejsi took $10,000 of company cash and bought 40 shares of Berkshire Hathaway stock. A friend had recently told him about Warren Buffett. Shares were trading around $265 at the time.

Two weeks later, Horejsi bought 60 more shares at $295. A month after that, he doubled down for 200 shares at $330.

Horejsi eventually owned 5,800 Berkshire Hathaway shares. He sold 1,500 shares in 1998 as they traded as high as $80,000 apiece. That was worth a cool $120 million, which he parlayed into a successful money management firm.

Today, his 4,300 shares are worth $742 million or so.

He's done pretty well.

And let's not forget that Berkshire Hathaway has been a phenomenal success story. From Stewart Horejsi's first buys at $265, the stock has run to over $257,000 a share. That's a 969,189% gain over 37 years.

It's Easier Than You Think

Now, Horejsi's story may sound like a once-in-a-lifetime windfall.

It's easy to hear a story like this and immediately think, "Oh, that could never happen to me." But the fact is, massive gains over a span of 20 or 30 years are not once-in-a-lifetime events...

An investment might not gain 640,509% like Stewart's did, but you absolutely can pull down a 200,000% or 300,000% gain with a 30-year time horizon.

Say you bought Starbucks when it went public in 1992. Shares were $17. $100,000 would have gotten you 5,882 shares.

Starbucks has split its shares six times over the last 20 years — and it just started paying a dividend in 2010. Today, if you had reinvested those dividends, your 5,882 shares would have grown to 409,676 shares...

That $100,000 would be worth over $21 million! Not only that, but you'd be raking in $327,741 in dividends this year.

And that's just one example. A lot of other stocks could have given you similar results. Take McDonald's...

Let's go back 25 years to 1988. $100,000 would have bought 2,173 shares of McDonald's at $46. Today, if you reinvested those dividends, you'd have 30,529 shares of McDonald's worth $3,407,057 — and you'd get $114,790 in dividend payments this year alone.

McDonald's was hardly an unknown stock at the time, and you still could have made enough in 25 years to live a pretty good life.

The bottom line is you just have to get started.

Don't worry if you don't have $100,000 ready to deploy... Start with what you can, and add to it when you can.

The point is to start.

Find a good dividend payer, and use a Roth IRA account so you can avoid all taxes when it comes time to start spending your fortune.