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FBN Share Offer and the Stock Market

First Bank of Nigeria (FBN) is offering about three billion shares to raise around a billion Naira. The buzz in the market is that it is a very good thing, and investors are likely to have very good returns on their investment.

The market hype is so much that is clouds out everything else on the market. I think it is a good deal, but a lot of people thought UBA was a great deal too and it has not lived up to that hype in my opinion (unlike Oceanic bank).

If you want to play the market, you have to do a lot of study and research. Know the things to watch out for, and all the terms and what they stand for. EPS, P/E ratio, moving averages and things like that.

You also have to decide what kind of investor you want to be. Some trade only in new shares, while others actively seek out opportunities in older stock. Or you can be very passive and entrust your investment to an investment house to trade your money in the stock market. The choice is yours. However you want to play it, the stock market is a place to make money or lose money quickly. Play carefully.

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Tuesday, June 19, 2007 Posted by | OpenZone | Leave a comment

Fuel Crisis

The tanker drivers are bent on forcing their wishes on us to the detriment of other people’s.

I think the state government should come up with their own tanker driving crew and lock all the others who refuse to comply out of the state. Their absence on the Apapa-Oshodi expressway makes driving there a pleasure. the only problem is now we have no fuel to cruise.

Monday, June 18, 2007 Posted by | OpenZone | Leave a comment


Dear All,

Please update your Yahoo! messenger.

The threat is real.

How hard can it be? It only takes a few minutes to do and can save you a whole lot of inconvenience.

Best regards


Monday, June 11, 2007 Posted by | OpenZone | 1 Comment