ositadima1:


Pls transfer your positions to NSE we need fresh $$$, if USDs crash so will US stocks. ZENITHBANK, GTB and some others need you.

Still in NSE.

What can make USD crash?
Fed reduces the pace of tightening from what the market expects to a lower pace, the market sees this as dovish and USD ascent starts to soften.

Or when Fed pauses (or suggests to pause) the pace of rate hike altogether and/or starts QE ( or suggests to start QE) to support the economy.

This will lead to widespread buying of everything in all market. This will cause more inflation and more global asset bubbles.

There is a last leg of global rise of everything waiting to happen.

RabbiDoracle:


Still in NSE.

What can make USD crash?
Fed reduces the pace of tightening from what the market expects to a lower pace, the market sees this as dovish and USD ascent starts to soften.

Or when Fed pauses (or suggests to pause) the pace of rate hike altogether and/or starts QE ( or suggests to start QE) to support the economy.

This will lead to widespread buying of everything in all market. This will cause more inflation and more global asset bubbles.

There is a last leg of global rise of everything waiting to happen.

First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30.

In March, financial institutions reduced the international spending limit on naira cards from $100 to $20 monthly.

In a recent statement to its customers, the bank said such transactions would not be available on its naira credit card, virtual card and visa prepaid naira card.

“Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 September 2022,” First Bank said.

"Please use your Visa Debit Multicurrency Card, Visa Prepaid (USD) Card and Visa Gold Credit Card to continue transacting abroad with limits of up to $10,000.”

In July, Standard Chartered Bank suspended international transactions on its naira visa debit card.

Flutterwave, Eversend and other fintech platforms had also stopped virtual card services for international transactions.

The development comes on the back of foreign exchange scarcity — affecting key sectors — which the country is currently battling.

On Tuesday, the naira dropped to N436 a dollar at the Investors and Exporters window and N712 at the parallel market.

The Central Bank of Nigeria (CBN) had hinted that it would stop the sale of foreign exchange to banks by the end of the year.

Godwin Emefiele, CBN governor, said banks should generate FX proceeds from exporters to give their customers (importers).

“The era is coming to an end when, because your customers need $100 million in foreign exchange or $200 million, you now want to pack all the dollars and pass it to CBN to give you dollars,” he had said.

“It is coming to an end before or by the end of this year. We will tell them don’t come to the Central Bank for foreign exchange again go and generate their export proceeds.”

essentialone:


First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30.

In March, financial institutions reduced the international spending limit on naira cards from $100 to $20 monthly.

In a recent statement to its customers, the bank said such transactions would not be available on its naira credit card, virtual card and visa prepaid naira card.

“Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 September 2022,” First Bank said.

"Please use your Visa Debit Multicurrency Card, Visa Prepaid (USD) Card and Visa Gold Credit Card to continue transacting abroad with limits of up to $10,000.”

In July, Standard Chartered Bank suspended international transactions on its naira visa debit card.

Flutterwave, Eversend and other fintech platforms had also stopped virtual card services for international transactions.

The development comes on the back of foreign exchange scarcity — affecting key sectors — which the country is currently battling.

On Tuesday, the naira dropped to N436 a dollar at the Investors and Exporters window and N712 at the parallel market.

The Central Bank of Nigeria (CBN) had hinted that it would stop the sale of foreign exchange to banks by the end of the year.

Godwin Emefiele, CBN governor, said banks should generate FX proceeds from exporters to give their customers (importers).

“The era is coming to an end when, because your customers need $100 million in foreign exchange or $200 million, you now want to pack all the dollars and pass it to CBN to give you dollars,” he had said.

“It is coming to an end before or by the end of this year. We will tell them don’t come to the Central Bank for foreign exchange again go and generate their export proceeds.”

Interesting times ahead

For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

RabbiDoracle:


Looking for me?

There is a geopolitical play going on.

US and Fed keeps tightening rates so dollar gets sought after. (in the name of rate hike)

Russia keeps tightening oil and gas so O & G gets sought after. (in the name of war and reversing sanctions)

China keeps tightening supplies of goods and services so lots of goods get sought after. (in the name of Zero covid)

Now we are all watching who blinks first. In my opinion, it will be the Fed and the dollar index will make a sharp nosedive.

Watch these events as they are late stage events in a super bubble scenario:

- Dollar index crashes precipitously against all other currencies
- All commodities rise very hard
- Gold and Silver rise
- Equities rise sharply and very hard.
- Euphoria, mania and reckless betting in equities
- your barber tells you to start buying stocks

These events will be global. And it is usually shortlived.

I'm very bullish on NSE and all other EMs invested in. I'm bullish commodities and oil and gas.

Try and buy food and keep at home. Early 2023 food spike will make 2022 food prices look like child's play.

But Oga Oracle,

We have finished eating the rice and other things you told us to buy and keep since January

I am not doubting your analysis, but i also think the US government are also doing their own analysis and would not want to have turmoil in their economy considering that by next year they would enter another election cycle.

But also you said that by now naija will be awash with dollars, but the opposite is the case, dollar is no where to be found.

I know that opportunity is plenty in NSE sha and there are cycles to up and down movements.

Make we dey look

Dum20:


But Oga Oracle,

We have finished eating the rice and other things you told us to buy and keep since January

I am not doubting your analysis, but i also think the US government are also doing their own analysis and would not want to have turmoil in their economy considering that by next year they would enter another election cycle.

But also you said that by now naija will be awash with dollars, but the opposite is the case, dollar is no where to be found.

I know that opportunity is plenty in NSE sha and there are cycles to up and down movements.

Make we dey look

You don't need to look at just Nigeria naira in isolation. This is a global issue. Nigeria, Europe, New Zealand, South Korea, Turkey, China, Norway, UK, South Africa, Japan and many more countries are all having currency depreciation as a result of this ongoing events. These are emerging markets and developed worlds altogether.

Dollar can't just continue to rise against all currencies. At a point, it will stop.

And that is why when dollar falls, it will be catastrophic.

RabbiDoracle:
This will lead to widespread buying of everything in all market. This will cause more inflation and more global asset bubbles.

There is a last leg of global rise of everything waiting to happen.

One thing I believe is that Oga Oracle's predictions always comes true.
When is another thing, he doesn't control time or countries........but we'll be expecting it.
We'll be on the lookout......
Call me whatever name una like, e no concern me.
Sha go and be looking for money to be a partaker when time comes or if in market, be hopeful.

emmasoft:

For those waiting for UPDCREIT Dividend read this:

Good afternoon sir,

Kindly note that the company has shifted the 14/9/2022 payment.

The new date shall be communicated to you as soon as we are notified .

Best Regards.

A reply I got today to the email I sent to First registrars asking them why the delay in dividend payment.

How much is their dividend?

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

Considering the way Nigerian banks operate these days...you might cue up for 5hrs before submitting your form.

You might even drop the form with the bank, and the Job won't be done, just to call you back again to submit it.

I prefer sending e-mandate form to the registrar. it's faster, and you can be sure that you did it.

yMcy56:

One thing I believe is that Oga Oracle's predictions will come true, always comes true.
When is another thing, he doesn't control time or countries........but we'll be expecting it.
We'll be on the lookout.....It'll be an interesting time.
Someone may call me a dogmatic follower or whatever name una like, e no concern me.
Sha go and be looking for money to be a partaker when time comes or if in market, be hopeful.

I also believe he is right in his predictions. That is why i ask for updates. Because sometimes there will need to be some adjustments

RabbiDoracle:


You don't need to look at just Nigeria naira in isolation. This is a global issue. Nigeria, Europe, New Zealand, South Korea, Turkey, China, Norway, UK, South Africa, Japan and many more countries are all having currency depreciation as a result of this ongoing events. These are emerging markets and developed worlds altogether.

Dollar can't just continue to rise against all currencies. At a point, it will stop.

And that is why when dollar falls, it will be catastrophic.

I agree with you. But from the way i see it. The same charts you are using, the US and Europe aslo has it.

I want to believe they have projected into the future and seen what will happen and have put into place mitigation measures.

Dum20:


I agree with you. But from the way i see it. The same charts you are using, the US and Europe aslo has it.

I want to believe they have projected into the future and seen what will happen and have put into place mitigation measures.

We hope.

But from the look of things, a very big country /bloc could collapse before 2029.

It could be US. It could be Russia. It could be EU. It could BRICS.

A seismic shift is going to occur.

My advice: just stay sane. Don't panic. Trade the events.

No be we cause am

yMcy56:

One thing I believe is that Oga Oracle's predictions will come true, always comes true.
When is another thing, he doesn't control time or countries........but we'll be expecting it.
We'll be on the lookout.....It'll be an interesting time.
Someone may call me a dogmatic follower or whatever name una like, e no concern me.
Sha go and be looking for money to be a partaker when time comes or if in market, be hopeful.

3 people who are very difficult to advice in life; a man with money, a woman in love and an African mother following a prophet. -Peter Edochie

essentialone:


How much is their dividend?

17kobo

[s] Will d dullness in the market persist till after the presidential elections?

Lower lows in some stocks, occasional spicke in others just for them to return with-in range. A handful will trend up. Buying in trenches will be d way go as bottom not yet in sight for most stocks.

Foreign dollar investments are most likely going to come in after a certain level of safety is established, that in my opinion will be a couple months after a successful election. [/s]

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

Best is to either fill the form online. (Most regustrars now have online platform for edividends). Or contact the registrars on phone or email and have their customer care agent send you the form. Fill it and send back to the particular customer care agent. You will have it process in a matter of days.
Alternatively, if you have shares with any company that is also under the same registrar and the shares have already been mandated, just call them and ask them to link both accounts, without filling any form your shares will immediately be mandated for edividend.

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

Sending duly filled E-Dividend form to Registrar....
Or filling the form on the Registrar's portal.

Wapgod:

What does this mean?
I don't really get it?
Isn't all earnings attributed to all shareholders in proration to their shareholdings?

A little more abstractly, prorating can be used to compare the expected life of a product to its actual life. The cost of the replacement may be prorated, which means that the difference between the expected life and the actual life would be converted to dollars per day, or cycle, and then that amount would be subtracted from the full price of the product. Here a detailed guide about what is proration? Prorated replacement costs apply if a product you purchased was expected to last a certain number of days or cycles of a machine, or even was guaranteed to do so.

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

I'll suggest taking it to the bank and have them upload it. I submitted mine online only for the registrars to tell me the bank had not "uploaded" same on their portal (veritas precisely) I had to go to the bank to submit my hardcopy "e-mandate" form.

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

I'll suggest taking it to the bank and have them upload it. I submitted mine online only for the registrars to tell me the bank had not "uploaded" same on their portal (veritas precisely) I had to go to the bank to submit my hardcopy "e-mandate" form...

Ginalex:
I'll suggest taking it to the bank and have them upload it. I submitted mine online only for the registrars to tell me the bank had not "uploaded" same on their portal (veritas precisely) I had to go to the bank to submit my hardcopy "e-mandate" form...

Veritas is rubbish. Their staffs are blind

Imagine ooo

On my CSCS Statement of Account, my name is written as:

ATTAHIRU BOLANLE CHIBUIKE

The confused Veritas people say that mean my surname is ATTAHIRU. I told them my Surname is CHIBUIKE.

They said I need to go and do plenty plenty processes to do correction of name at CSCS. I told them they are sick. If the arrangement of the names is their confusion, they need to go back to Primary school. They can only conclude that my surname is written as ATTAHIRU, if the names had been written like this:

ATTAHIRU, BOLANLE CHIBUIKE

But there is no comma after the ATTAHIRU

In fact as I always say, for one reason or the other, Registrars do not want to pay dividends to investors. Registrars are the major causes of Unclaimed Dividends!

Quiet accumulation is taking place in certain names.

Don't confuse looking with seeing.

thesilentone:
Quiet accumulation is taking place in certain names.

Don't confuse looking with seeing.

ZENITH, FIDELITY......
ACCESS.....

As for VERITAS' name arrangement, VERITAS was very correct.
It has always been Surname first......
Followed by last name, then followed by middle name.

As it is, you have to write CSCS for name correction and carry your broker along in the process.

yMcy56:

ZENITH....

As for VERITAS' name arrangement, VERITAS was very correct.
It has always been Surname first......
Followed by last name, then followed by middle name.

As it is, you have to write CSCS for name correction and carry your broker along in the process.

Okay thanks.

If Director holdings increase by 25% within a year, one should pay attention.

yMcy56:

ZENITH, FIDELITY......

As for VERITAS' name arrangement, VERITAS was very correct.
It has always been Surname first......
Followed by last name, then followed by middle name.

As it is, you have to write CSCS for name correction and carry your broker along in the process.

essentialone:


Veritas is rubbish. Their staffs are blind

Imagine ooo

On my CSCS Statement of Account, my name is written as:

ATTAHIRU BOLANLE CHIBUIKE

The confused Veritas people say that mean my surname is ATTAHIRU. I told them my Surname is CHIBUIKE.

They said I need to go and do plenty plenty processes to do correction of name at CSCS. I told them they are sick. If the arrangement of the names is their confusion, they need to go back to Primary school. They can only conclude that my surname is written as ATTAHIRU, if the names had been written like this:

ATTAHIRU, BOLANLE CHIBUIKE

But there is no comma after the ATTAHIRU

In fact as I always say, for one reason or the other, Registrars do not want to pay dividends to investors. Registrars are the major causes of Unclaimed Dividends!

I completely agree

I agree with your conclusion. Registrar are not doing well at all.

I suffer months and continious emails before some of them eventually paid dividends

essentialone:


Veritas is rubbish. Their staffs are blind

Imagine ooo

On my CSCS Statement of Account, my name is written as:

ATTAHIRU BOLANLE CHIBUIKE

The confused Veritas people say that mean my surname is ATTAHIRU. I told them my Surname is CHIBUIKE.

They said I need to go and do plenty plenty processes to do correction of name at CSCS. I told them they are sick. If the arrangement of the names is their confusion, they need to go back to Primary school. They can only conclude that my surname is written as ATTAHIRU, if the names had been written like this:

ATTAHIRU, BOLANLE CHIBUIKE

But there is no comma after the ATTAHIRU

In fact as I always say, for one reason or the other, Registrars do not want to pay dividends to investors. Registrars are the major causes of Unclaimed Dividends!

RabbiDoracle:


We hope.

But from the look of things, a very big country /bloc could collapse before 2029.

It could be US. It could be Russia. It could be EU. It could BRICS.

A seismic shift is going to occur.

My advice: just stay sane. Don't panic. Trade the events.

No be we cause am

Me thinks it may be the Russ Federation

First, the elites fled

Now the Next Gen

The rate of brain drain is too high, how they will manage the Mirage of missiles remains to be seen.

The bolded is strongly prophetic. If we blend your technical insight with bible prophecy, it could well be the USA. According to inspired prophetic words by Daniel in Daniel 2 vs 29 to 45, the current Anglo American world power represented by the feet of the image, will soon be toppled by God's Kingdom represented by the stone cut out of the mountain. That will bring to an end the successive human world power domination on the earth. All evidence shows this grand takeover is drawing near. Interestingly, even your technical insight is revealing same. Very likely before 2029, no one truly knows when, but this decade is special as seen in its breakout with the pandemic in 2020. EXITING.....

RabbiDoracle:


We hope.

But from the look of things, a very big country /bloc could collapse before 2029.

It could be US. It could be Russia. It could be EU. It could BRICS.

A seismic shift is going to occur.

My advice: just stay sane. Don't panic. Trade the events.

No be we cause am

ositadima1:


3 people who are very difficult to advice in life; a man with money, a woman in love and an African mother following a prophet. -Peter Edochie

Am guessing it’s the last one

I think the solution to this lies in how you filled your form from the onset, in some forms, surname is requested first whereas in others first name is requested first. If you can establish that you filled the form properly then the mix-up is from them and they should be the ones to go through the legal process of rearrangement of names. My two cents

essentialone:


Veritas is rubbish. Their staffs are blind

Imagine ooo

On my CSCS Statement of Account, my name is written as:

ATTAHIRU BOLANLE CHIBUIKE

The confused Veritas people say that mean my surname is ATTAHIRU. I told them my Surname is CHIBUIKE.

They said I need to go and do plenty plenty processes to do correction of name at CSCS. I told them they are sick. If the arrangement of the names is their confusion, they need to go back to Primary school. They can only conclude that my surname is written as ATTAHIRU, if the names had been written like this:

ATTAHIRU, BOLANLE CHIBUIKE

But there is no comma after the ATTAHIRU

In fact as I always say, for one reason or the other, Registrars do not want to pay dividends to investors. Registrars are the major causes of Unclaimed Dividends!