RabbiDoracle:
https://www.bloomberg.com/news/articles/2020-03-21/u-s-junk-bonds-enter-distress-spreads-top-1-000-basis-points

Waoooooo

May God help us all.

Amen

Good morning , pls advise me :-

I was due for my first coupon payment on my 2036 FGN bond last Wednesday (18/3/20) but not paid it is still yet to be paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

Chibuking81:

If you still believe in Nigeria you would have first change your moniker. I believe in reality, whether you like it or not what will happen will still happen.

pls how can I register for stock .
I want to buy now and keep till after corona
Any help and guide.thanks

RabbiDoracle:
https://www.bloomberg.com/news/articles/2020-03-21/u-s-junk-bonds-enter-distress-spreads-top-1-000-basis-points

RabbiDoracle:
https://www.forexfactory.com/news/987882-ecbs-weidmann-says-a-german-recession-is-now

Soon France, Japan, Italy and some countries in the Middle East will announce.

@ RabbiDoracle, did you still think that all is well with global economic? Seriously most European countries are at the recession territory. Then what of African with Nigeria included. Things are worse now and will soon become worst. It will take minimum of 12 calendar months for recovery news to be on the ground. Globally, many people's lives were lost, workers are heavily affected, business side in the bad shape.

aremso:


everything will be normal soonest, even china has no record of new cases again.

I agree with you...
We are rugged more than Oyibos....
Climate also is different...
We are yet to exhaust our trado medical potential here in Africa...
We have natural plants that have antiviral capacity...

onegentleguy:
I just received an unconfirmed report that the CBN has adjusted the Fx sales peg to FPIs from the initial N366.70/$ to N380.20/$.
...the interpretation of this is that the apex bank(CBN) may have already devalued the currency by approx 3.7% given current realities.

The move might not be unconnected to the FPIs folks jettisoning of OMO sales by the apex bank yesterday.

This move, together with the CBN' recent guidance on stimulus(including a proposed N1.1 trillion intervention fund) to sectors with high 1st point of impact, will act to give a good measure of cushion to any feasible shock from the aftermath of the twin 'evil' of covid-19 and strain in oil price.
The next sensible thing to do is to ensure that the proposed budget amendment is done in a way that sets realistic targets, and not those "forward-looking assumed pegs" as seen in the last 2020 budget.
...then remove the 'evil' called subsidy, and re-align those accruals towards expanding/diversifying our economic base. This is the best opportunity/time to do so !!
Then enact and pass the expanded version of the PIB, and amend the Land use act, and we' ll be good to go !!
But of course, implementing these items can only be imagined with our current leaders and policy makers !!

All the same, great move from the CBN !!

For those who still think that this is not the best time to align with healthy assets/coys(selective buying with MoS compression to valuation in view) or who are still waiting on the side line in a bid to time the market, I sincerely wish u Good luck !!

Selah

pls suggest a good stock broker for me.
I bought stockaround 2013 last wit my small nokia phn den and I lost so I stopped but am bak now and I want to buy long term stock dt can.stay fr 3 to 5yrs

RabbiDoracle:
Early January 2020, brokers were sending mails to people to invest in NSE and take advantage of the low prices.

Now prices are 50% lower and they are no longer sending mails.

Where are the brokers now?

pls guide me to buy ds stock without a broker.
Make I buy a long term stock

Hallenjay:
pls how can I register for stock .
I want to buy now and keep till after corona
Any help and guide.thanks

First open account with any stockbroker of your choice, you can open with Morgan capital stockbroker. Send email message to info@morgancapitalgroup.com request for new customer account opening form, they will forward it to your mail, print the form, fill the form, scan the filled form and send back to them through their email the scan copy as an attached copy, they will open account for you within 48 hours, fund the account with minimum of #5,050.

Then you are good to go, you can pay in any amount you want to begin trading, with username and password they will send, you can login from any computer, I.e desktop, laptop, palmtop, window phone, tablet phone, any good android phone, view the realtime trading, buy by yourself and equally sell whenever you want.
Follow this link to contact them http://www.morgancapitalgroup.com/contact_us.php

Remember, don't invest the money you can not afford to lose, it's not advisable to invest borrowed money, because nobody can time the market.

This boss sha! What position are u holding U have never seen positives since this NSEMPA began!
quote author=Chibuking81 post=87660252]



@ RabbiDoracle, did you still think that all is well with global economic? Seriously most European countries are at the recession territory. Then what of African with Nigeria included. Things are worse now and will soon become worst. It will take minimum of 12 calendar months for recovery news to be on the ground. Globally, many peoples life are lost, workers are heavily affected, business side in the bad shape.[/quote]

https://punchng.com/oil-slump-governors-meet-wednesday-on-economy-budgets/

The effect is surfacing gradually, first was ban of schools with public gathering, second shut down of airport, third Union bank staff to operate from their house, and other banks to join suit. Companies are postponing their AGM meeting. Let see how tomorrow NSE market will look like.

Mcy56:

Lol. Boss shebi you always cover for the inconsistency with your bear reports.
I cannot come and go and be reporting bear activities on the floor.

RabbiDoracle:


We go hand the mic over to you on the 18th.

@ RabbiDoracle
Is like I collected the mic from you, instead of giving it to Mcy56, let me handle it this period, but will still hand it over when the time come

Chibuking81:

First open account with any stockbroker of your choice, you can open with Morgan capital stockbroker. Send email message to info@morgancapitalgroup.com request for new customer account opening form, they will forward it to your mail, print the form, fill the form, scan the filled form and send back to them through their email the scan copy as an attached copy, they will open account for you within 48 hours, fund the account with minimum of #5,050.

Then you are good to go, you can pay in any amount you want to begin trading, with username and password they will send, you can login from any computer, I.e desktop, laptop, palmtop, window phone, tablet phone, any good android phone, view the realtime trading, buy by yourself and equally sell whenever you want.
Follow this link to contact them http://www.morgancapitalgroup.com/contact_us.php

Remember, don't invest the money you can not afford to lose, it's not advisable to invest borrowed money, because nobody can time the market.

thanks.
Nothing like dummy account for NSE?

Hallenjay:
thanks.
Nothing like dummy account for NSE?

U wan to play dummy go to easykobo.com n try ur skills there.!!

RabbiDoracle:


The issue affects Putin as well but don't pick up a fight with the Russians. All that can be done is just for a delegation to be sent to Putin and MbS. Moreso both rulers are friends.

That was why I said if dem act their script finish, then they will settle. And e don dey finish. Brent broke below 2016 like of 27 and reversed and the movie don dey end.

Yes Sir but the demand side of Oil is still an issue... China are recovering gradually but there’s still the risk of a wave two of attacks because of other countries getting worse and Chinese citizens in those countries can return back to China and spread it.

A hero that detected the index case of Covid-19 in Nigeria.

Some companies door in NSE market will likely locked up during tomorrow market with heavy offer. Those with early offer who want to reduce their holding for part 2 bonanza offer might be lucky.

China stock market suffer heavily within the few days of corona virus entrance, and Nigeria received the heat. China extended their holidays, and now compulsory holidays is been declared in Nigeria.

ebuka1997:


Yes Sir but the demand side of Oil is still an issue... China are recovering gradually but there’s still the risk of a wave two of attacks because of other countries getting worse and Chinese citizens in those countries can return back to China and spread it.

They will quarantine all of them. It is the survival of the fit now. Once those affected die out, the ones alive will be stronger.

Yes, there is the demand side which I have already factored in. There is also the supply side which will have significant impact on prices if Putin and MbS agree to cut.

The simple solution when the Wuhan issue started was for all countries to lockdown then. They didn't do it especially EU states. So they helped export most of the cases.

Worst case it is 3 months of data deterioration for countries that have not had negative growth rates. Those that have had negative growth deterioration will have to go through a prolonged recovery.

Ground works have been laid for recovery. Because all countries know that once the health crisis stops, they need to start spending as fast as possible.

Chibuking81:



@ RabbiDoracle
Is like I collected the mic from you, instead of giving it to Mcy56, let me handle it this period, but will still hand it over when the time come

Handle it well o.

Chibuking81:
https://punchng.com/oil-slump-governors-meet-wednesday-on-economy-budgets/

The effect is surfacing gradually, first was ban of schools with public gathering, second shut down of airport, third Union bank staff to operate from their house, and other banks to join suit. Companies are postponing their AGM meeting. Let see how tomorrow NSE market will look like.

Una just dey see una own . Others living outside Nigeria have seen this.

Q2 of Nigerian banks could be affected if there is a lockdown or quarantine of major states, the type seen in EU or China.

You better go and stock up garri

Chibuking81:




@ RabbiDoracle, did you still think that all is well with global economic? Seriously most European countries are at the recession territory. Then what of African with Nigeria included. Things are worse now and will soon become worst. It will take minimum of 12 calendar months for recovery news to be on the ground. Globally, many people's lives were lost, workers are heavily affected, business side in the bad shape.

Was I not the one that told guys to expect "R........ April 2020"? There will be recession in April 2020 driven largely by major economies in EU. The signs were there late last year.

Any rise you see in stock is purely liquidity driven and not about fundamentals. There will be excess cash chasing limited assets.

Mine is not to solve world problems. Mine is to position before the Tsunami of cash comes flooding the world.

Omo, I gats to surf on that Tsunami wave o.

RabbiDoracle:


That is not just the issue.

R........ April 2020. A Possibility!

18th February 2020.

Cc Chibuking

Gtb 18.60!up or down?NSE the more you look,the less you see.

Chibuking81:
Some companies door in NSE market will likely locked up during tomorrow market with heavy offer. Those with early offer who want to reduce their holding for part 2 bonanza offed might be lucky.

China stock market suffer heavily within the few days of corona virus entrance, and Nigeria received the heat. China extended their holidays, and now compulsory holidays is been declared in Nigeria.

Stop passing wrong info.The holidays is in some states not all

Chibuking81:




@ RabbiDoracle, did you still think that all is well with global economic? Seriously most European countries are at the recession territory. Then what of African with Nigeria included. Things are worse now and will soon become worst. It will take minimum of 12 calendar months for recovery news to be on the ground. Globally, many people's lives were lost, workers are heavily affected, business side in the bad shape.

The world seems to be starting capitalist socialism where there is capitalism but the country takes care of its citizens. Helicopter money we will see soon could involve even paying salaries like the suggestion from Denmark. This means that economic output will be zero but money will still be made/spent. This is to reduce unemployment and continue to spur spending.

End point will be massive inflation.

Biafran4life:
Stop passing wrong info.The holidays is in some states not all

https://www.premiumtimesng.com/news/top-news/382806-coronavirus-nigerian-govt-orders-closure-of-schools-nationwide.html

It's in all state, is like you are not current?

RabbiDoracle:


The world seems to be starting capitalist socialism where there is capitalism but the country takes care of its citizens. Helicopter money we will see soon could involve even paying salaries like the suggestion from Denmark. This means that economic output will be zero but money will still be made/spent. This is to reduce unemployment and continue to spur spending.

End point will be massive inflation.

And that inflation will caused another financial epidemics globally. Tough times ahead

Godisfaithful:


And that inflation will caused another financial epidemics globally. Tough times ahead

We shall overcome ALL.

Krisuba:


U wan to play dummy go to easykobo.com n try ur skills there.!!

abeg btw Alliance and Afrinvest which one is trusted and reliable stock broker.
I want to choose btw d duo

RabbiDoracle:


Una just dey see una own . Others living outside Nigeria have seen this.

Q2 of Nigerian banks could be affected if there is a lockdown or quarantine of major states, the type seen in EU or China.

You better go and stock up garri

Do you think a shutdown is feasible in Nigeria?

Godisfaithful:


And that inflation will caused another financial epidemics globally. Tough times ahead

Yes.

US, EU and Japan deployed QE because they all had deflation (negative inflation). Prices were not rising so they needed to spend themselves out from it. So lots of money chasing few assets. This was from 2008 till 2016 before they started to tighten.

Now there is a health crisis and it has caused an economic STOP globally. You need to help businesses and the people as well. They need to spend because they are out of job. After this health issue stops, you are in a world with excessive cash. If not managed well, lots of people will take the cheap loans and bid everything. Later it will cause inflation.

How will fed react? Increase interest rates? Those with loans gets wiped out instantly. Assets will be sold off globally. Exchange rate will depreciate globally. Everybody Oso Abiola!