Stock Market Tips For Nigerians

Excuse the deviation, question for y'll,  is there a daily withdrawal limit from Nigerian ATM's? Hitting Lagos on Saturady for a couple of days visit and will be trying out my Zenith card at the nearest ATM,  make I no come go hook   . Don't particulary like dealing with those malams at the airport  


@RoughCut


Not getting through to any of these numbers,  I'll let them know what I think when I drop in Monday.


Considering opening a second stock broking account,  going for Vetiva. Need a second broker as a counter balance to the impersonal service provided by IBTC.

I think the limit is 6000 or 10000 naira

You need to write a letter to CSCS for a change of Address, give it to your broker who will forward the letter to CSCS, you might be asked to pay N1000.

@ Roughcut,
   howz the going. I need 5 years to become a Guru and another ten years of learning and practise for me to add Emeritus join am. am still W.I.P  and i dey learn from all my Ogas.

@ Easi

tuve mucho trabajo y estudios. Gracias amigo. Been busy ,thanx for holding it down.

The limit is actually N20,000 per transaction and the limit is three transactions per day.
I hear that UBA ATMs can accept up to 10 transactions (giving a total of N200,000) but I can't confirm that oh

oops

oshkosh so all this talk of IBTC not sending anyone true-- my home boy told me the same thing that though they R viewed as trail blazers they are inpersonal don`t reply emails and their website is wack as  most browsers advise against accessing their stockbroking site

This is the price i copied down into excel from NSE website a few moments ago.  
I will go with that. It is also what is on zenithsecurities and nigeriansecurities.

TRW brokers have CSCS's version, but i know they rush to publish results and therefore they publish interim resuts. They don't however change it .

CSCS in my experience is highly incompetent. The CSCS online thing i have been struggling with. it does not show anything since i paid N2500 over 6 months ago.

Of recent thanks to pumping , i was able to get their number. My beggarly approach of "sir sir sir " which Nigerians love to hear even when you have paid for the service is not even working .

Thank God for the margins. If not for the margins

 
Hey Bro, My personal experience might help. I got so frustrated with IBTC once that I had to log on to their site and copied the names of all the folks in their stock brokerage department. I called the help lines for their three of their Lagos offices requesting to speak with a couple of those names. I chose a time when the offices must have closed and gave an impression I had to reach them regarding a mandate which they must act on. I struck gold. I got GSM numbers of three people and they have been my contact since then. I call them each time I send a mandate as well as copy them in any of my mandates. It has worked, at least so far.
Good luck  

welcome back sir. hope all is well.

If I were you - I will enter Oceanic or UBA.

My reasons - At their current prices you can go to sleep. They may not make any serious upward movement during 1 or 2 months, but they wont see any dips either.
If you buy any kalokalo stock now or any cyclic stock - you may be on the short end of the stick 1 month from now and by march ending Companies will have started releasing their FYE and trust me there will be nasty suprises for a lot of people.

Oceanic and UBA will still move and they will move big, their stimulus package never arrive - thats all.

hello all, it is not something new that you can make real fortune in the capital market. however, there are some unavoidable detractors that sometimes go all the way to frustrate this goal. they are called the nigerian stock brokers. i once used forthright securities in akure. if you see the non-challant and unwelcoming attitude of the members of staff, no one will tell you before you sell off your stocks with them and leave fast! another one is cashcraft asset management ltd, in their case i think they have too many customers that they can handle moreso that if you are investing less than a million, their staff see you as a church rat that deserves no respect, you can imagine a member of staff telling me he is on his way to the office that he cannot answer my enquiries!!! i wonder who is paying his salary anyway (pride make them forget it's units that grow into tens and unto millions). sometimes it takes them 3 months to credit your account after paying into their bank a/c thereby using your money while you are made to wait endlessly! i am planning to move my account from them as soon as i have an input from you guys about well trusted and tested brokers. any suggestions please

  Hi guys, Can someone kindly tell,if DAAR COMMUNICATION is a good buy @5naira? i don't care bout the delay on cert.

  I'm investing on it for 18mths.

 Thanks a lot.

Chei, your anti-PO vaccine dey work BIG TIME! 

good to see evry1 on fire. sorry bin away for a while , looks like a sign of the bears, longman is still strong though. u can still enter

@SHIGIDI HOW U DEY NOW? LONG TIME O!


@FATHEROF2, this TRIP when U TAKE COMMOT FROM NIJA NO GO AT ALL O!. wHEN U DEY COME BACK NOW.

U DEY SEE bANK PHB, E DON FINALLY REACH 32. U GO SELL?