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Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:54pm On Jun 11, 2019 |
DOLLARTEX: Exchange rate to go up soon Even the Customs has increased rates which used to be N306 per dollar to N326 per dollar. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 9:56pm On Jun 11, 2019 |
[quote author=Bomboclad post=79240987]Nigeria is finished! Is it time to buy one and take three in NSE??] |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 9:57pm On Jun 11, 2019 |
https://abokifx.com/news/nigeria-s-naira-is-free-floating-so-says-the-central-bank-bloomberg-quint The CBN signaled it will allow the naira to weaken pass its official rate as it gradually unwinds its regime of multiple exchange rates ..They are referring to 305. Naira here Think Multiple exchange rates to be eradicated |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 9:59pm On Jun 11, 2019 |
How do you mean bro? [quote author=Krisuba post=79241423][/quote] |
Re: Nigerian Stock Exchange Market Pick Alerts by gamaliel9: 11:27pm On Jun 11, 2019 |
I am going to buy dollars |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 11:54pm On Jun 11, 2019 |
[quote author=Bomboclad post=79241494]How do you mean bro? [Was asking what's likely to happen to NSE with d fr3e float of naira |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:16am On Jun 12, 2019 |
lancee: It's sure going to be a positive for the market !! Expect the already reducing outflows to abate further, while inflows increase. Personally, I already thought the CBN would tour this path, after the 50bps decrease in rates. ...a more relaxed stance to stem the import to export gap of capital, and act as a confidence stimulator for an already weak economy. This would come with mixed feelings though. On hind sight, its possible the CBN may have also decided to collapse the several fx window rate and realign with a single rate regime because of fears over the mid to long term positive prospect of oil price, a widening debt to GDP ratio compared to tax/revenue receipt, and the increasing disconnect between the fiscal, economic and real side of the economy. ...which if left unchecked, would likely take us back to another recession. The CBN is probably looking to put measures in place that would re-align(albiet literary) the probability of occurrence towards zero than 1. We called for this move long ago. Some of our assertions then are beginning to manifest themselves. Imagine if we had floated the currency when we ought to, I dare say we wouldn't have gone into a recession(which we are even still living in its shadow) We have a bunch of clueless managers steering the Nigerian state. While this move is a welcome development, its NOT enough !! For it translate to growth and better reflect on the larger economy(which by the way, should be the key aim), the FG needs to completely deregulate the downstream oil & gas sector, beef up our revenue drive and allow for a more robust capex spend. ...otherwise real growth will likely continue to be snail pace. But of course, our leaders won't want to... u will get the clue when u look @ the make up of the recently accented 2019 budget. Well, at least this is a POSITIVE for the NSE. Coming @ a time when the CBN seem to be borrowing less via T-Bill's & bonds(the next PMA slated for June 13th is expected to be ~34% less float compared to the one before it) and on the back of decreasing rates, u do not require the service of a soothsayer to tell u where the balance of excess liquidity will most likely be channelled to. On a side note, some coys will benefit more from this move. I love them BANKS and a few select coys !! There are also a few coys to avoid and some to include on a watch list. It is well !! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:22am On Jun 12, 2019 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:22am On Jun 12, 2019 |
onegentleguy: Some of the worries we highlighted over a year ago, are now beginning to manifest themselves. I remember when I wrote this article: https://www.booksie.com/542859-the-reality-behind-nigerias-debt-burden Nigeria is just not 'ready' for real positive change !! 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 3:43am On Jun 12, 2019 |
onegentleguy: Banks are truly very SMART. If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer. ...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here. I forsee an improvement in the banks current ratio, enterprise value and EM. On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit. On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !! With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB. Well, no further comment !! 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 4:01am On Jun 12, 2019 |
onegentleguy: Well explained . |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 5:47am On Jun 12, 2019 |
You people should stop masturbating over what is not. How can one rely on that garbage report from Nairametrics and conclude that that exchange rates will go up, this is a clear case of confirmation bias. If the CBN should float the exchange rate in any shape or form, then they are trying to make quick money to cover the hole in their books. Nigeria is not where things work as it should - the factors that determine the exchange rate are beyond economics, and Emefiele, who is clearly not in charge, does not have the balls to float the naira. You guys seem to forget that the country itself has about $25bn fx loan. Your authorities were in Newyork earlier this year to market to speak with investors on the diaspora/euro bond, what commitment do you think they'll require of the CBN? A volatile exchange rate? There are over 4,000 BDCs in Nigeria, float the exchange rate, increase their risk of doing business, and you think they'll keep quiet? Never, not now that they are in power. 5 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 6:57am On Jun 12, 2019 |
ukay2: Unlicensed SPSS? I would rather download and use PSPP which is open source 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 7:30am On Jun 12, 2019 |
bigjay01: Sir, i already have approval of my proposal....which i stated that i will use IBM SPSS to analyse my data. Please can you be of help or anyone on link i will use to get the crackdd version of spss software. Thanks alot.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:35am On Jun 12, 2019 |
DOLLARTEX:Misleading headline. When you read the article properly, you would notice the writer is just confusing himself. He even claims the floating started since May. Can you imagine? Such a thing as free float started in May and we didn't even notice. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:36am On Jun 12, 2019 |
onegentleguy:In the near future, it will be a win win solution to our economy as far as crude oil price remain 60 dollar and above with good supply of barrels of crude per a day. How I wish that the stock price will remain temporary at their current price between now and December for one to invest more in good and profitable companies. I have said it earlier that bear will start this year, while bull will end it, also the bull will carry on into next year, which we have witness the first face been that of bear, and next face to witness will be that of the bull, which will come up, on or before December this year. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 7:54am On Jun 12, 2019 |
https://www.bloomberg.com/news/artoicles/2019-06-11/nigeria-central-bank-says-naira-exchange-rate-is-market-driven For those saying Nairametrics is garbage news Meanwhile crude oil is not likely to stay above $50 in the long run. It keeps going down |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:19am On Jun 12, 2019 |
Chibuking81: U want stock price to remain at dere current price so u can cum in wit ur T.B interest abi ? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:23am On Jun 12, 2019 |
onegentleguy:ACCESS, FCMB, FIDELITY, UBA, ZENITH and GTB, you just mentioned are NSE poverty bulldozer, money making/minting machine . If you are still poor in this forum and you are not lazy but hard working and you have money in your hand. Look for above mentioned stock and fix your money now and leave it for at least 9 months. You can as well be making your monthly contribution on them, at this their give away price. Between now and next 9 months get ready to add value to your worth, those in poor stage, with that they have invested, they will leave poor line at least to average stage, thousandnaire will become millionaire, millionaire to multimillionaire/ billionaire, because almost all the mentioned stocks will give you bonus of more than #1 for every #1 you invested on their current price, on or before next 9 months. Meaning almost all the mention stocks will rise to above 100% from their current price. We are in bonanza period, soon we shall be moving to money transformation period as well known as bonus period. Bonanza to Bonus 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:37am On Jun 12, 2019 |
Chibuking81: So we shd not buy now...We should come back in 9mth to come and buy 1 for every 1.? abi am wrong ? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:38am On Jun 12, 2019 |
tritritri:Read the post well 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:55am On Jun 12, 2019 |
Chibuking81: Ur last prophecy we knw wat happened.. Na this same over confidence make locodemy load transcorp . 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:34am On Jun 12, 2019 |
tritritri: God is alive, he gave us knowledge wisdom and understanding and he also talk through us. As far as I live on this planet earth , I guided my action and thought not to mislead anyone, or talk to favor anyone, I stand on truth. If you are doing well I will say it, likewise if you stop doing well I will also say it. Those who said the truth received stone throw, while the truth live on, and they are been remember by their truth. From Chibuking. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:39am On Jun 12, 2019 |
onegentleguy: Chibuking81: tritritri: Bookmark my above post, and visit it after 9 months. 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 9:52am On Jun 12, 2019 |
EKUU market break o 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 9:54am On Jun 12, 2019 |
Chibuking81: bro u like taking things serious sha just ignore some post and move on |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:55am On Jun 12, 2019 |
certain government transactions are still being done at N306. a number of transactions have shifted to N360. Petrol imports by NNPC is one of this transaction. the effect will likely see an increase in the pump price of petrol. the interventions by CBN sometimes is confusing. it is not that CBN intervenes to give dollars at N306. it is still being exchanged at N360 that investors brought the dollars into the country. unless the interventions are being done to favour the friends of this government. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 10:24am On Jun 12, 2019 |
rebekah2011: They can delay it, but no matter how long a free float is the only sustainable way forward and the Naira will fall to the dollar. My projection is around N440-500 How will the FG meet up with the increased national minimum wage, debt servicing and the same time meet capital expenditure? We dey wait...Denial is the first stage by CBN and expect that this week. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:05am On Jun 12, 2019 |
Please I need a website where I can get price list.. don’t know why capital assets website is not opening.. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 11:08am On Jun 12, 2019 |
Yayira: http://www.trw-stockbrokers.com/nsetoday.aspx |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 11:13am On Jun 12, 2019 |
stcool: So in what way will floating of naira benefits common man in Nigeria? That is my own question pls answer this with facts pls |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:25am On Jun 12, 2019 |
stcool: Sir the headline you posted had been deleted from Bloomberg ..REPORTERS were wrong ..All its been CORRECTED https://www.bloomberg.com/news/articles/2019-06-12/nigeria-central-bank-quashes-talk-of-exchange-rate-policy-change |
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