₦airaland Forum

ImperialCovfefe:
Thanks.

I meant the actual bank, not registrars. In Nigeria, you just walk into a branch to have your e-dividend mandate signed, stamped and processed. But liaising with the NRN team for a similar process isn’t going so smoothly.

Have you had to process your e-dividend mandate without physically visiting a bank branch?

Kindly explain the NRN team your talking about.

The process i gave you is for GTBANK.

ImperialCovfefe:
Hello everyone,

Has anyone here processed an e-dividend mandate form electronically from outside Nigeria? If yes, which bank(s) did you use? GTB is making it unnecessarily difficult.

Thanks

GTB(DataMax Registrars Ltd) registration process is very difficult .


Kindly contact your stockbroker to process your share stock transfer Form through the CSCS.
​
Submit to us photocopy of the stockbroker’s schedule/share stock transfer form duly acknowledged at the CSCS, attach the completed e-dividend mandate form, ensure that the completed form is stamped by your bank and forward to our office for processing

Chibuking81:
https://www.vanguardngr.com/2019/08/why-we-stopped-forex-for-food-import-buhari/
Does this help our economic in short run or long run? Did our dear president consult his economic team or his cabinet? Country make money from exporting than importing that is understandable. What effect will this have in the NSE?.

They are just creating more problems.

Essential food products will now be imported at Black market rate.

Making things more expensive.

This is the reset many has been waiting for.

Right now CASH is the King.

bigsmoke2:
Thanks all for your response to my earlier post. I want to ask if it's possible for an individual to open account with multiple stockbrokers.

yes

That place is just a bus terminal, there is noting Transport Interchange about it



Just like Ikeja terminal.

pluto09:
Which money?
We have been living on borrowed fund even when oil was above $60

Lets just call them wasters.

If you know how much the Government is generating, they dont need to borrow any dime.

maishai:
Still connected to the Petrodollar and crude oil......... If u watch even in the uncertainty of Government, NNPC and its cohort have been very vocal

The government still enough money to run the country for long.

The Budget oil benchmark is $60 per barrel, which means the government should have excess .

maishai:
My Opinion in what is currently Happening

Going by the Hierarchy of money.........The Ultimate money currently in Nigeria is Crude oil controlled by the Nigerian Government... Below Crude oil we have US dollar( CBN reserves), all US dollar in relation to Nigeria are just promises to supply crude oil..... Below the US dollar we have Naira controlled by the CBN in conjuction with Nigerian Banks, all Nigerian Naira are just promises to pay US dollar........Below the naira we have securities like stocks bonds and bank deposits, all securities are promises to pay naira

In times of crises especially world crises as is happening now, You will now understand the value of each one in relation to the other, The current trade war between the US and China is treatening our main money, China has built itself up as a low Cost manufacturing Power house and Trump is going right to the heart of this matter, the US wants to take manufacturing off China not back to the US but to other low cost countries like vietnam,sri lanka and India,the rate manufacturers are moving out of China currently is alarming...... The Chinese Government has to respond by devaluing the yuan to keep manufacturers moving out

What has these got to do with Nigeria and our Money.......It is our money(crude oil) that powers manufacturing, the fall out between US and China is slowing down manufacturers as they contemplate moving out of China or Staying back, many have cut production quotas, and building new facilities dont just pop out in a day slowing down the demand for Oil

Finally as God always bless this our Country, the fall out of all international politics always plays out in the end to our advantage long term.......where ever manufacturing is going, It will still be powered with our money (crude oil) and demand will still come back to optimum levels.........All our economic institutions even the CBN are powerless in the ongoing saga as such They are all Price takers......

As an Individual retail Investor, the higher up the chain in the hierarchy of money you hold the better for you , right now in the short term, but long term prices will still come back to normal, you can start converting higher money back to lower money......


Zenith and GT are definitely going lower, They let you take the temprature of international Politics as many foreign institutional investors are here.........How Low I dont know but they will bend very low.........If you are buying stocks right now please have in mind to cash out in 5 years time




Caveat.......I'm PRO US and would love to see a Pro China analysis

The number One cause of NSE bearish market is the uncertainty from the Current Government.

Even traders/Market people are complaining of low patronage

CashDiMkpa:
These guys will probably not convene another meeting till that stock drops below N1. They can then take it on the cheap.

That is probably the plan

robobo:
My Oga

D u mean the mgt is not going through on the delisting / capital restructuring again

i tot SEC only told them to do another Court Ordered Meeting, that shldnt be something be that hard to acheive naaa

wld appr8 ur thot

Well there is no information about the meeting for now.


According to the Exchange, trading resumed on the shares of Continental Reinsurance with effect from Thursday, July 18, 2019.

The Exchange stated that the suspension was lifted to allow shareholders trade on their shares pending the reconvening of the meeting and announcement of a new effective date by the company.

https://www.marketscreener.com/CONTINENTAL-REINSURANCE-P-50425736/news/Continental-Reinsurance-SEC-cancels-ConRe-s-acquisition-meeting-orders-new-meeting-28936452/

Network Congestion is Common it markets and crowded places.

Mcy56:
Yes. Just saying you needed a buyer to sell.
This NSE can fumble at times, court suspended the sale and they just quietly lifted suspension on its trading with no further info at all.

That is NSE for you.

Well, already got a buyer and sold all my holding.

Mcy56:
You never offload until they buy am na.

That buying process has been suspended.

It has been trading on Red since monday

Offloaded all my Continental Reinsurance plc this morning.

No positive news from them for now

Mcy56:
I hope the market will take a new dimension after August 22 and put a halt to this shedding. Its not funny again.

what is happening on Aug 22?

rebekah2011:
Continental Insurance Plc is to pay how much again. The stock is becoming more attractive

I think the process has been suspended

The stock has been on full offer since yesterday.

BullBearMkt:
...if 30Kobo profit is not too small for you, look to trade OANDO
buy at 3.70 & sell at 4.00.

PLS, know your risk tolerance level!

Oando in this kind on Market?

I Noticed PZ has been moving .

Taxing Nigerians to oblivion.

Yet nothing to show for it.

All e-commerce/online business are currently paying VAT, which is transferred to the consumers, so what other VAT are they talking about.

pluto09:
Some of my findings from the bank latest result;

---- CAR = 12.8 as at December 2018 against 24.8 in December 2017
---- The top line and bottom line have been growing in other regions while the Nigeria operation
continues to decline.
----- The contribution of the Nigeria operation to total income and profit has reduced significantly
between last year and this year

ETI was once list separately from ECOBANK.

ETI problem start when Ecobank Nigeria shares where merged with ETI.

Intendy:
Stocks with new 52 week lows

Zenith Bank #18.25k
Transcorp #0.93k
Fbnh #5.40k
ETI #7.20k

Stocks with new 52 week highs

Dangote flour #20.35k
Boc gases #5.57k

Chai ETI O o

Agbalowomeri:
It would hardly move above 22.5

veecovee:
Jump out to jump in where?

Aren't you seeing the "revolution now" in the air?

... think 23 is good. Anyway, the choice us yours

23 .. is when is i jumping out.

Mpeace:
Beautiful. I will jump out at 23

Jumping out with full force, no need waiting for register wahala

Dangote flour