emmanuelewumi:



Better to deal with a Trustee for that and not a stockbroker.

The Trust is regulated by SEC

sterlingD:
TRANSCORP POWER Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41749_TRANSCORP_POWER_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

Streetinvestor2:
Walahi I was not expecting this government to be as useless as this even as I and my house never voted for them.I was ok with forex policy and subsidy removal. Then I believed they will be able to create genuine wealth to cushion the effect as Buhari failed in everything. It is now obvious the finance guy and cbn guy has nothing to offer. The major catalyst to kick start the economy is what the government itself is fighting.....Dangote refinery.

Mpeace:
great result. Pat moved from 11billion to 36billion.

But price still high sha

KarlTom:
150kobo interim dividend...

emmanuelewumi:
Rather they will expect another paper work from investors when the investment matures before paying your money into your account

vacanci:


So all the savings bonds and sovereign sukuk bonds that have been bought will need paper work for the matured fund to be credited?
I have them through stanbic bank and some through Morgan capital.

Mankind2024:
Nigeria’s CAC gives 90-day ultimatum for over 91,000 dormant companies to file annual returns
https://nairametrics.com/2024/07/24/nigerias-cac-gives-90-day-ultimatum-for-over-91000-dormant-companies-to-file-annual-returns/

*****Aggressive revenue*******
CGT REVIEW IS IMMINENT

Raider76:


It will cost you to reactivate the account before you can withdraw. You have to deposit a
an amount and also pay charges. I were you I will write it off.

Mankind2024:
Nigeria’s CAC gives 90-day ultimatum for over 91,000 dormant companies to file annual returns
https://nairametrics.com/2024/07/24/nigerias-cac-gives-90-day-ultimatum-for-over-91000-dormant-companies-to-file-annual-returns/

*****Aggressive revenue*******
CGT REVIEW IS IMMINENT

Babygal2020:
Good morning bosses. Who has withdrawn from Bamboo and was later credited?
I placed withdrawal yesterday but yet to receive it.

KarlTom:
'Finally'...

https://www.reuters.com/business/energy/eni-gets-approval-sell-nigerian-unit-naoc-oando-2024-07-24/

emmaodet:
@emmasoft

Kindly shed more light on this picture below.
I submitted a direct settlement form from Investment-One and now they replied me that i am not profiled for that and would be charged a whooping 26% of my withdrawal per annum or 5,000 per transaction.
I hope this is not a daylight robbery.

dapix:
Ding

emmanuelewumi:



They will tax business owners to death

onegentleguy:


One may assume the latest monetary policy decision by the Apex bank to be a relaxation in policy direction, but that's not the case.
It seems the regulator still sees an aggressive rate expansion as a "bullet-proof" means to tame surrounding risk/inflation.
The minor 50bps/0.5% increase in MPR (compared to past average upward revisions) is the CBN trying to mask her aggressive hawkish stance when in fact, the adjustment on the asymmetric corridor suggest otherwise.

For context, a 400bps/4% increase in the SLF-side of the corridor from +100 to +500 and corresponding disproportionate review in the SDF-side from -300 to -100 clearly infers that the CBN believes in, and is continually looking or should we rather say-- HOPING that an upward adjustment in rates can cover up for the negative real return created by the heightened surrounding risk/inflation and Naira asset pricing.
The problem with this sought of "hope" is that the apex bank might be neglecting the base effect these upward reviews have on funding cost and by extension, the real side of the economy which this so-called policy seeks to protect.

An asymmetric corridor of +500/-100 is the CBN effectively telling DMBs that we can afford to lend you money @ 31.75% but borrow from you @ 25.75% (ref: +5/-1% around the MPR)
That 2--6% min/max spread skewed in favor of the SLF-side of the corridor (above previous guide) clearly suggest that the bank may aside looking to speed-up liquidity sweep from the system, continues to attach a high risk premium to Naira assets. (hence the disproportionate margin btw the SLF and the SDF)

It seems the Apex bank is "trying to fight a battle but also instigating one at the same time".
I dare say that the CBN can not win this "war". ...not with this approach! And especially NOT when the fiscal side is playing dumb!

Possible implication and inference:

-- More pressure on CoF.... likelihood of further increase in surrounding risk/inflation. Could be marginal MoM in Q3, but broader in Q4.

-- DMBs with preexisting healthy loan book and whose operating business model is investment driven than loan-based will do well.

-- From the micro-end, investing in coys/businesses with a "hedged capital structure" can not be overemphasized. At this point, the need for capital preservation is just as important as the quest for it's growth.

-- Rates in the FII market may remain elevated in the near term. Right now it's not just the banks that need your money, the CBN and in recent time the govt, also needs it!

-- Increased awareness and participation in investable securities as the quest to bridge the widening gap/disequilibrium btw purchasing power and surrounding risk increases. (one of the key reason the equity market may not reprise downward... driven by select anti-fragile coys and supported by favorable asset pricing)

-- Select healthy equity names from sectors that are bound to benefit from the "dislocation" in the macro-end will do well.

It is well

emmanuelewumi:




That is if you want to be paid before the trade settles.

You are not expected to pay anything if you want your money after settlement which is 72 hours after the trade

mikeapollo:
This is old news, because it is referring to the approval from NUPRC to ENI to sell their shares to Oando.
This had been done sometime ago, but being reported by Reuters now.

emmanuelewumi:




That is if you want to be paid before the trade settles.

You are not expected to pay anything if you want your money after settlement which is 72 hours after the trade

emmaodet:


Okay bro, Thanks but then, does it meant Investment-One don't operate direct settlement to my stock broking account instantly? instead of waiting for 3 days after every transaction.
I opted out from the direct settlement so that i can be selling and buying stocks almost instantly rather than missing out from a trade due to 3 days delay

SonofElElyonRet:


But dis na toro kobo sha

Hogwarthtrades:

most times you receive funds within an hour (for withdrawal into your naira bank account) this could be due to network issue. had same issue few months back but it was resolved within 24 hours, if not reach out to the support team for help.