What's the procedure for doing that, could you annotate it here?

SonofElElyonRet:


People should learn to link their bank accounts to cscs so they get money from shares sold paid directly into their bank accounts

USA2019:
What's the procedure for doing that, could you annotate it here?

CSCS. I did it through my stockbroker.. can't remember the process.. been a while..

USA2019:
What's the procedure for doing that, could you annotate it here?

Mail your stockbroker that you want DCS: Direct Cash Settlement. You will be sent a form to fill and submit for onward processing .Note if and when effected it will take T + 3 days for the proceeds from any stock sale to be credited into your account.

Streetinvestor2:
This will happen to sugar on the 200B forex loss again.How much has Naira appreciated to dollars against end of the yr exchange rate Figure. Abeg at what rate did Naira end against dollars last yr

I think the NAFEM window ended around 1537 last year. The NAFEM window as at last week Friday is 1517.

However, going by the PMI of 52 and 53 in January and February according to Stanbic Bank report, it would mean business confidence based on increased purchases and new orders is growing and is already better than 4th quarter last year. So with stable exchange rate and more sales, businesses are likely to make profits this quarter than they have ever done since Q2 2023.

Thank you, I'll look into it.

SonofElElyonRet:

CSCS. I did it through my stockbroker.. can't remember the process.. been a while..

Thank you. I understand the T+3 days settlement rule must still applies.

sterlingD:

Mail your stockbroker that you want DCS: Direct Cash Settlement. You will be sent a form to fill and submit for onward processing .Note if and when effected it will take T + 3 days for the proceeds from any stock sale to be credited into your account.

Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping route.
The strike is said to be just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

zendi:
Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping routh.
The strike is said to be only just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

They all only make mouth. All of them will chicken out. Nobody wants direct confrontation

zendi:
Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping routh.
The strike is said to be only just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

You are right about many things but that part of Nigeria and Nigerian companies benefiting from oil price rise, i no too sure.
Nigeria appears to have sold its future when it comes to oil. They have collected all sorts of loan with oil yet to be extracted.
We only feel increase in fuel price when oil prices go up.

Dangote Refinery said they will list in Q1 of 2025.

Alhaji is battling with the oil cabals.


We wait....

Youngzedd:
Dangote Refinery said they will list in Q1 of 2025.

Alhaji is battling with the oil cabals.


We wait....

Seems unrealistic..

Mpeace:
You are right about many things but that part of Nigeria and Nigerian companies benefiting feom oil price rise, i no to sure.
Nigeria appears to have sold its future whennit comes to oil. They have collected all sorts of loan with oil yet to be extracted.
We only feel increase in fuel price whennoil prices go up.

Nawaa o, as bad as that?

Youngzedd:
Dangote Refinery said they will list in Q1 of 2025.

Alhaji is battling with the oil cabals.


We wait....

Most likely early next year. He would first want to sign long term contracts for steady crude supply.

SEPLAT settles debt to FG.

https://nairametrics.com/2025/03/16/alleged-debt-seplat-and-chorus-energy-pays-n28-7-billion-to-nigerias-federation-account-reps/

Youngzedd:
Dangote Refinery said they will list in Q1 of 2025.

Alhaji is battling with the oil cabals.


We wait....

It is not happening anytime soon like I have always said.This is like promise you make to a woman on the bed.He said all that when the war was hot with this government to win the investing public to his side...na noise

GeneralDae:
SEPLAT settles debt to FG.

https://nairametrics.com/2025/03/16/alleged-debt-seplat-and-chorus-energy-pays-n28-7-billion-to-nigerias-federation-account-reps/

Seplat is already to the moon..
Na Sun now eee day target for share price

@Agbalowomeri how much share did you buy in this industry? https://www.nairaland.com/8370564/lagos-men-spent-n661b-runs#134561630

SonofElElyonRet:


People should learn to link their bank accounts to cscs so they get money from shares sold paid directly into their bank accounts

I was initially on this Direct Settlement before I opted out. I also realised that CSCS still remove some % from the transaction value. But, that was not the reason I opted out, I just wanted to ensure that money I set aside for investment remains for investment. There will be temptation if the money keep hitting my account. The point is anytime I sell a particular stock, there are other attractive stock I can jump into than allow the money to be transferred back to me. Don't really have anything against Direct Settlement but it will delay my ease of buying and selling.

jonnysessy:



I was initially on this Direct Settlement before I opted out. I also realised that CSCS still remove some % from the transaction value. But, that was not the reason I opted out, I just wanted to ensure that money I set aside for investment remains for investment. There will be temptation if the money keep hitting my account. The point is anytime I sell a particular stock, there are other attractive stock I can jump into than allow the money to be transferred back to me. Don't really have anything against Direct Settlement but it will delay my ease of buying and selling.

Smart investor!

USA2019:
@Agbalowomeri how much share did you buy in this industry? https://www.nairaland.com/8370564/lagos-men-spent-n661b-runs#134561630

I no dey do runs girls o Lol

zendi:
Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping route.
The strike is said to be just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

Oil and Gas sector MTD overview

Ding

Agbalowomeri:


I no dey do runs girls o Lol

Na awuf own you dey do but you they pay for food/drink and transport

Nigeria's gasoline imports have dropped since the Dangote refinery started producing the road fuel in September, reaching a record-low of 112,000 bpd in February, from 372,000 bpd in February 2024, Kpler data show.

Captures domestic market according to spglobal.

“They are importing a lot less, and traders are making up the shortfall from offshore Lome" said one trader, referring to the nearby transshipment hub off the coast of Togo where traders blend product.

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/022025-nigerias-dangote-refinery-captures-domestic-gasoline-market-share

toyeoye:


Oil and Gas sector MTD overview

Brent Crude oil has just jumped from 70 to 71 in first trading after the war started on Sat/Sun night.

These downstream boys you're showing me (save Oando, a special case) should be in red because the raw material for their products (crude) is getting more expensive.

zendi:

Brent Crude oil has just jumped from 70 to 71 in first trading after the war started on Sat/Sun night.

These downstream boys you're showing me (save Oando, a special case) should be in red because the raw material for their products (crude) is getting more expensive.

If you ask me, I think an average of $75 per barrel
would be perfect.

zendi:
You're still a shareholder of Flourmills.
But you no longer have much rights enforceable by SEC and NGX.

I think you will have to visit the Registrar to sign a document to the effect that you have refused the buyout and wish to remain a shareholder.

Importantly, you're still entitled to dividends if any.
Please note well this bolded, since you're no longer entitled to any disclosures like quarterly results.
So when you don't see any dividends, then you take it there is nothing to share.
But grumbling will always be allowed.

Mind you the company still has a board which holds periodic meetings.
But the 'G' in AGM, for example, will no longer be there.

I must be missing many things.

Please I was paid a large sum of money from flour mill around November last year. But in my portfolio with my stockbroker. My flour mill shares is still listed.

Bukkydudu:



Please I was paid a large sum of money from flour mill around November last year. But in my portfolio with my stockbroker. My flour mill shares is still listed.

Please confirm was it for the delisting scheme arrangement because the delisting was affected and payment was from December 2024.
And if it is then it is for your stockbroker to update and edit it out from your portfolio. In my case shortly before l was paid my portfolio was updated and it was edited out of my portfolio. Note l was paid end of January 2025

Bukkydudu:



Please I was paid a large sum of money from flour mill around November last year. But in my portfolio with my stockbroker. My flour mill shares is still listed.

Possible.
Signed the acceptance form for Titan Bank limited MTO of Union Bank and was paid fully for my Union Bank shares but till today my UBN shares are still listed in my portfolio in my stockbrokers Trading portal.
But I know it's no longer there.
They should ve deleted it.
It's not on my CSCS printout of my portfolio.

Likely if you requested for yr CSCS printout , the Flourmill shares won't be listed there.

Bukkydudu:



Please I was paid a large sum of money from flour mill around November last year. But in my portfolio with my stockbroker. My flour mill shares is still listed.

Confirm your status from the CSCS and and the Flourmills Registrar. Your Stockbroker should help do that.

MTN Nigeria’s service revenue surged by 35.6% in March following tariff adjustments implemented in February


https://www.channelstv.com/2025/03/17/mtn-nigerias-revenue-surges-by-35-6-after-tariff-adjustments/

GeneralDae:

If you ask me, I think an average of $75 per barrel
would be perfect.

Market forces will say, including wars, ceasefires, peace deals, escalations etc.

But I believe when all dusts settle, Trump will find a way to crash it to $60 or lower.