stcool:
https://nairametrics.com/cbn-fines-4-banks-%E2%82%A65-65bn-because-of-mtn/

In view of this, the CBN has also asked the banks and MTN Nigeria to immediately repatriate a total of $8.134 billion; being part of funds that were illegally taken out of Nigeria [/b]by the telco.

Standard Chartered Bank- ₦2.4 billion
Stanbic IBTC- ₦1.8 billion
Citibank- ₦1.2 billion and
[b]Diamond Bank Plc- ₦250 million
MTN - $8 Billion


By the time they list this MTN na the shell we go see. I like the way govt is dealing with them. DSTV need this same treatment. Diamond bank, we never see profit the one almost available is going. Mr. Uzuoma what sin did we commit?

Mpeace:
This one is enough to return the exchange rate of the naira to 200 to a dollar.
8billion dollars looking for naira?
Uzoma and family are using mtn to finish diamond. Much of their so call technological advancement expenditure dat has been eating up profits has been contracts given to mtn nigeria where the senior Dozie(pascal) sits as chairman.

Mpeace:
This one is enough to return the exchange rate of the naira to 200 to a dollar.
8billion dollars looking for naira?
Uzoma and family are using mtn to finish diamond. Much of their so call technological advancement expenditure dat has been eating up profits has been contracts given to mtn nigeria where the senior Dozie(pascal) sits as chairman.

Mpeace:
This one is enough to return the exchange rate of the naira to 200 to a dollar.
8billion dollars looking for naira?
Uzoma and family are using mtn to finish diamond. Much of their so call technological advancement expenditure dat has been eating up profits has been contracts given to mtn nigeria where the senior Dozie(pascal) sits as chairman.

lancee:



Cbn opportunity to get more forex ..Naira must not go back to 520

BullBearMkt:


...@Capitas7 since your objective is towards dividend yield, then you don't need to worry much. But you also mentioned selling at 3.10 since you're now on 20% loss meaning you probably bought it around 3.60. I guess you want to know if it will dip below 2.70 or move back to 3.10 so that you can sell about 30% of your holding?

Technically, the stock has been testing its weekly support at N2.86 or there about for the past 3 weeks and looks that the price level is holding & couple with its ongoing accumulation, the stock could witness some rally or at worse hovering between 2.86 and 3.20 for a while. The monthly support sits at 2.50 and needs to break the weekly support first.

I hope this helps.

OBAGADAFFI:

stcool:
https://nairametrics.com/cbn-fines-4-banks-%E2%82%A65-65bn-because-of-mtn/

In view of this, the CBN has also asked the banks and MTN Nigeria to immediately repatriate a total of $8.134 billion; being part of funds that were illegally taken out of Nigeria by the telco.

Standard Chartered Bank- ₦2.4 billion
Stanbic IBTC- ₦1.8 billion
Citibank- ₦1.2 billion and
Diamond Bank Plc- ₦250 million
MTN - $8 Billion


By the time they list this MTN na the shell we go see. I like the way govt is dealing with them. DSTV need this same treatment. Diamond bank, we never see profit the one almost available is going. Mr. Uzoma what sin did we commit?

@stcool. Laws should be passed to hold the CEOs of these publicly traded companies accountable for actions like this. Because in the end, the poor shareholder is the one who suffers, while the company executives go scot free. By the way, I always felt that MTN was very reluctant to list its shares in the Nigeria market. they see us a cash cow, but do not want to give us ownership.

fxuser:
brent
- $77.60
- another big week ..

DeRuggedProf:


Another reason to wait for Diamond bank at 70K?
Before year end, more negative surprises will appear!
Never having positive surprises!
Jijo team continues to enjoy, 'SHELLHOLDERS' continue to hold the empty shell..

DeRuggedProf:


Another reason to wait for Diamond bank at 70K?
Before year end, more negative surprises will appear!
Never having positive surprises!
Jijo team continues to enjoy, 'SHELLHOLDERS' continue to hold the empty shell..

Revibe:
20kobo from UBA

stcool:


My Prof, which 70k? I told someone in this forum that Diamond bank wont break 1.09 and my accumulation is 1.09-1.50 max... forget Diamond @70k

Mpeace:
That is why you started accumulating at 1.10. I missed it. I was waiting at 1. But nt worried. I am sure to get it at that price before year end.

Mpeace:
Hmm... $80 loading. Not looking good for bonanza guys.

arduino:
Diamond Bank suffering from Uzoma, Dozie and Pascal Looting Effects....Full Offer this morning.
I dey wait @80k

owoblow77:
Anyone having issues with MorganCapital platform? I can't log-in.

yok:
MSCI NEEDS TRANSCORP LIKE MAD- AS AT 29 AUGUST 2018/GENERAL COMMENT

MSCI seems to be back in a business-like manner, buying and selling a lot yesterday.

The fund coming back to the market is not that surprising; Oil has refused to fall, the dollar seems to be falling, thus the fear of Naira devaluation has abated as (this is my version of Secondary school economics telling me that Nigeria NSE will not fall drastically looking at the short term).

The market breadth for yesterday was bearish compared with Tuesday, but with the like of MSCI testing the market, there is hope that some people who have run away may equally want to test the market to see what will happen

I am still on the drawing board, looking at how I can reduce future bleeding in my portfolio in case the inevitable bear shows up/make good gains by increasing my average investment value per trade (this is a big issue, for many of us long time ago, due to the higher risk I will be taking ,I cannot continue wasting my time on little returns again). For now what I have observed is that 20% maximum loss before applying the brake during a bear market seems okay, thus I may have to forget the NGN20,000 loss I will suffer on NGN100,000 if need be, to avoid a bigger loss that will totally send me out of the market, if NGN100,000 become like NGN37,000 if I have bought Japaul at the highest price this year !!!. Since, I will only need to gain 25% subsequently to bear even. I want to put the era of losing anything above 30% of my portfolio behind me (it can be devastating).

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts, you will the various sources where the data can be verified.

dipoolowoo:
Lafarge Plans N90b Rights Issue, Creates Fresh 10 billion Shares
https://www.businesspost.ng/2018/08/29/lafarge-plans-n90b-rights-issue-creates-fresh-10-billion-shares/

maishai:


Y are d pascal edozie companies being badly hit in dis administration

maishai:


Y are d pascal edozie companies being badly hit in dis administration

kolaish:
No issue at all.