Stock Market Tips For Nigerians

Hi Frankiriri,
Is it possible to log in and monitor one's account portfolio with the CSCS?

Thanks bro. By the way whatever happened to the phone in access via which you could get info about your account status with the CSCS? Is it still functional? If yes do you still have the numbers?

you can get cscs contact numbers here http://www.cscsnigeria.com/index.php ,its on the first page .

holla thanks a lot for those info 

whats their site ?

Hi guys! You don't know how much I've longed for this kind of discussions. Thank you for creating it and for being part of it. Let me warn you in advance that I'm about to launch an avalanche of questions, sorry!:

!. I bought a number of IPOs last year starting with Wapic, Intercontinental and I haven't recieved my certificates. What's the maximum time limit for these certificates?

2. How do I access my cscs account online to what what's in it and so on. My broker in Ibadan bought a small amount of UBA shares for me in secondary market and claims to have inputted it in the cscs account he claimed he opened for me. Problem is I moved to Abuja shortly after and I've not laid my eyes on the physical cscs form. I've asked him to email it to me or send by courier; no show. He texted the number to me instead saying I can check it online but I don't know how the heck to do that. A friend in another firm here tried to check it for me and said the number is funny, doesn't tally with the usual ones they have. Now I'm trying to give my Ibadan broker the benefit of the doubt because he's like a family friend.  The shares is not so big for me to start suspecting foul play( atleast I don't think he's that hungry)but I need to know what's goingon with my share. So what do I do?

3. I bought Guaranty's very first IPO many years ago through a First Bank branch in my school then. Till now I not received any single correspondence regarding the shares. No share certificate, bonus certificate, nothing. To compound the problem, I can no longer locate the copy of the teller I used to pay the money. In addition, I've since left school and am now far far away. But seeing GTB now rise to N30+ drives a knife into my heart. Imagine the number of bonuses over the years and how much I should be having therenow. please someone tell, is there anyway I can trace and claim these shares of mine?

Hello junegirl,
I'm not sure i know how long the process of certificate issuance is to take officially but Usually it takes about 4 to 12 months from history though i stand to be corrected. For this reason i'D say be patient and keep your ears to the ground. The certificates will surely come.
For account access, someone already answered a similar qusetion i posted so just go through the thread.
Finally, if you bought the GTB IPO and have not gotten any correspondence till now, something must be greatly wrong. My guess is either you were not alloted or the mails have been going to another address. Have you checked the mailing address you used when filling the form for the IPO. You have to track this because you must be a very rich girl by now looking at the history of dividends and bonuses. I'D also advice you contact the registars dept to confirm if your name is on their database. Going forward however, i'D advise you never wait this long before confirming if you share purchase requset went through or not.
Hope this helps. Cheers.

Tmoni,
Have you gotten your certificate already. How did your know you were alloted 80% of your request?

my stock broker told me,
he said that the balance has been returned to me and credited to my account,

i do hv an idea where the certificates are,
i can't still get it to buy on the floor,


please any news on the NASCON bid, i want to know if i should start acquring the stock.

please can someone advice me on which is better,is it registering with a stockbroker or using a funds manager. i would also like to know more about fund managers. you could reply me through this address: duchez04@yahoo.co.uk

Ibtc share  is currently peg at N11 due to final leg of the merger agreeement between stanbic and Ibtc,once its finalise-the suspension will be lifted.

Junegirl,
GTB registrars
7, anthony village road(3rd floor)
Anthony
Tel:  01-2716090-94
By the way it's no ignorance, we are all learning
Nigeriana,
I'D advise you follow this thread and ask any question that comes to mind otherwise you'D have to go buy a book on stock brocking. That way you'D learn faster.
Cheers.

@junegirl

I feel your stock broker should be a ble to provide you with your cscs stock positions
showing your stocks and the volume/unit held. If you are not getting good service from your broker -then change to a better and more efficient one.
     

seems like the shares of ZENITH  bank have been placed on technical suspension ,are they coming to the market too ?

  edited ; am sorry guys ,i seem to have goofed ( my bad days ) the stocks of zenith are not placed on technical suspension 

very informative tread indeed.    I used Capital assets as my stockbroker but use http://www.cashcraft.com/pricelist.asp  and   http://www.zenithbank.com/pricelist.cfm  for daily price movements.     

It's been more    than    regarding the rate of return.     

As others have said earlier, the deal is to  know which firm U're buying into and decide if it's for long time  or a short time.    Bought Flourmills about 22 years ago @ 80k per share then and still not sold,     but bought lever brothers "Unilever" at 18+ about 2 years ago and now at 12.80,  basically, it's not wise to stay with a loosing stock without payout dividends, know where to cut your loss and move on or how many % U want as your returns.

My kudos to @Frankiri  and Cleric for provided info.

speculation says GTBank might give a bonus then the stock will hit te roof