Try this info@morgancapitalgroup.com
+234 8115190510

Ajibade123:

Please what's the right mail to open account with Morgan capital
The one I have is just bouncing back

BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

Great news.The truth remains transcorp power and geregu are over priced. The FA does not justify the price. The current price na manipulation. Thr are many companies that are far better on nse.Tony na scam alert and his bank na channel for yahoo on the street....go and verify.

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

Good news for Transcorp Power it seems.. or it doesn't affect gencos ?

SonofElElyonRet:


Good news for Transcorp Power it seems.. or it doesn't affect gencos ?

More money for the players hopefully this will provide the needed incentive for them to invest & improve supply overall. However, I would like to know if this new rate includes any form of subsidy?

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

Air conditioning drains power off disproportionately. The bigger the space the bigger the energy wasted consumed. One 1.5 HP a/c consumes about 1 to 1.3 KwH of energy every hour it runs depending on the quality (efficiency) of the a/c compressor. A standard 3 bed flat with refrigerator only consumes about 3KwH a day. What one 1.5 HP a/c will consume in 3 hrs.

Nigeria needs rapid growth in electricity generation especially as global warming increases ambient temperatures, which in turn leads to increased demand for AC use.

This hike should be good news for Geregu, TransPower & Transcorp as they procure and put on line more gas turbines for power generation.

BabsO2:


Air conditioning drains power off disproportionately. The bigger the space the bigger the energy wasted consumed. One 1.5 HP a/c consumes about 1 to 1.3 KwH of energy every hour it runs depending on the quality (efficiency) of the a/c compressor. A standard 3 bed flat with refrigerator only consumes about 3KwH a day. What one 1.5 HP a/c will consume in 3 hrs.

Nigeria needs rapid growth in electricity generation especially as global warming increases ambient temperatures, which in turn leads to increased demand for AC use.

This hike should be good news for Geregu, TransPower & Transcorp as they procure and put on line more gas turbines for power generation.

Combining the use of fan and A/C can increase comfort without the need of more cooling (<26^o C) that wastes consumes a lot of energy. Gencos should encourage consumers to do this to reduce their electricity bills and in the process allow the limited energy generated by GenCos to serve more consumers.

One way to reduce your electricity consumption is to be aware of the appliances that you leave on that consume a whole lot of the electricity.

You can start averaging down from the most important to the least important.

We still need more players in the power sector. The two Alhajis may consider that in the future but nah O&G be the koko right now.

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

It should be more positive for transcorp than transpower reason is that the discos are tge direct beneficiaries of tariff hike and Abuja disco belongs to transcorp. Its not a general hike. Its one that affects only 15% of consumers, so it might not affect the cost of bulk purchase from the genco.
I do not know however if this move effectively removes subsidy of electricity. That world benefit the gencos the more as govt subsidy debts would be eliminated and they will earn directly from the discos.

Corporate Actions....

CWG
Final Dividend: 0.16k
Qualification Date: 17th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40813_CWG_PLC-CORPORATE_ANNOUNCEMENT-_DIVIDEND__CORPORATE_ACTIONS_APRIL_2024.pdf

UNILEVER
Final Dividend: 0.75k
Qualification Date: 26th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40815_UNILEVER_NIGERIA_PLC.-UNILEVER_NIGERIA_PLC_DIVIDENDS_ANNOUNCEMENT__CORPORATE_ACTIONS_APRIL_2024.pdf

OKOMU
Final Dividend: N14.00
Qualification Date: 25th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40810_OKOMU_OIL_PALM_PLC.-CORPORATE_ACTION__CORPORATE_ACTIONS_APRIL_2024.pdf

BUAFOODS
Final Dividend: N5.50k
Qualification Date: 23rd August 2024
Payment Date: 26th September 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40826_BUA_FOODS_PLC-EARNINGS_RELEASE_FOR_THE_2023_AUDITED_ACCOUNTS_CORPORATE_ACTIONS_APRIL_2024.pdf

TRANS HOTELS
Final Dividend: 0.20k
Qualification Date: 15th April 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40829_TRANSCORP_HOTELS_PLC-CORPORATE_ACTIONS_ANNOUNCEMENT__CORPORATE_ACTIONS_APRIL_2024.pdf

Mpeace:
It should be more positive for transcorp than transpower reason is that the discos are tge direct beneficiaries of tariff hike and Abuja disco belongs to transcorp. Its not a general hike. Its one that affects only 15% of consumers, so it might not affect the cost of bulk purchase from the genco.
I do not know however if this move effectively removes subsidy of electricity. That world benefit the gencos the more as govt subsidy debts would be eliminated and they will earn directly from the discos.

You all sound like it's an actual tariff hike but I am thinking it's about the removal of energy subsidy from that category so the consumers pay directly to the DISCOS as against the government taking up the bills. This category actually constitute 15% of the 12M energy containers Not like they are in the majority. Remember when it has to do with consumers' paying with subsidy out of the way, most will look for alternative power solutions. The sector has been unbundled and many players are coming in but what I see here is that anytime we hear about power news, transcorp comes into mind.
If I am a small or medium size business owner and my electricity tariff goes up by 300%, I will look at how to have a hybrid of energy using solar in the mix to power certain areas. This will naturally take out the extra bill coming from the discos.

Good evening my people . Please has zenith and UBA banks started paying dividends to their customers ?
Thank you

NB Rights Issue loading...

https://doclib.ngxgroup.com/Financial_NewsDocs/40821_NIGERIAN_BREWERIES_PLC.-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_APRIL_2024.pdf

yMcy56:
Corporate Actions....

CWG
Final Dividend: 0.16k
Qualification Date: 17th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40813_CWG_PLC-CORPORATE_ANNOUNCEMENT-_DIVIDEND__CORPORATE_ACTIONS_APRIL_2024.pdf

UNILEVER
Final Dividend: 0.75k
Qualification Date: 26th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40815_UNILEVER_NIGERIA_PLC.-UNILEVER_NIGERIA_PLC_DIVIDENDS_ANNOUNCEMENT__CORPORATE_ACTIONS_APRIL_2024.pdf

OKOMU
Final Dividend: N14.00
Qualification Date: 25th April, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40810_OKOMU_OIL_PALM_PLC.-CORPORATE_ACTION__CORPORATE_ACTIONS_APRIL_2024.pdf

You are doing well my love

gold360:
Good evening my people . Please has zenith and UBA banks started paying dividends to their customers ?
Thank you

Yes oooo
they started paying it donkey years ago!

Mfunkynation:

You are doing well my love

Leave Mcy for boys, even though dangsugar tied my money down.

A dividend reinvestment plan has to be on the cards for directors of banks. Example 30bn can find its way back to Access from its proposed 60bn dividend, while they search for the remaining with their RI.

I think post FUGAZ-dividend bear might be put on hold for this year oo. Let them come and drive this index to the sky

Zagee:
A dividend reinvestment plan has to be on the cards for directors of banks. Example 30bn can find its way back to Access from its proposed 60bn dividend, while they search for the remaining with their RI.

I think post FUGAZ-dividend bear might be put on hold for this year oo. Let them come and drive this index to the sky

I appreciate your optimism, but life is not all tulips and roses. The manner in which the CBN is proceeding will dilute the current shareholders' funds. So, my question is, as the current shareholders, should we sell, wait for a dip before re-entering, or hold and hope for tulips and roses?

Remember in November/December last year, everyone was looking forward to DangSugar, expecting a bouquet of tulips and roses, so people were buying at 70 Naira and above. However, it quickly turned into onion bulbs in those guys' hands.

So, beware of how you go about hoping you will get tulips because you may end up getting onion bulbs.

Mfunkynation:

Yes oooo
they started paying it donkey years ago!

I have not received dear .
How do I go about it?

Tulip Craze

Tulip bulbs were treasured,
Their prices rose so high.
People paid fortunes for rare bulbs,
Under a speculative sky.

Like stocks traded on market floors,
Tulip bulb values soared.
An investment bubble formed,
As the floral frenzy roared.

But bubbles burst, as bubbles do.
Tulip riches soon decayed.
Prized bulbs became worthless,
Investors' dreams quickly frayed.

A mania over nature's bloom,
The tulip bulb: costly, yet frail.
A lesson that cautions us still:
Unbridled speculation will fail.

The crew I have a problem with, "I see tulips everywhere."

Please how did TRANSCORP arrive at 40k eps...since pat is #32.6bn , and outstanding shares is about 40bn

ositadima1:


I appreciate your optimism, but life is not all tulips and roses. The manner in which the CBN is proceeding will dilute the current shareholders' funds. So, my question is, as the current shareholders, should we sell, wait for a dip before re-entering, or hold and hope for tulips and roses?

Good to see you're now a poet . Quite refreshing reading something less technical .

We all believe the call from CBN is to bolster the ranks and file of the banking sector even if were left with 2 banks in each category. Let everybody put their money where there mouth is. I would be waiting for the directors to take the lead anyway.

When you say "dilute current shareholders' fund", how?

Princkez:
Please how did TRANSCORP arrive at 40k eps...since pat is #32.6bn , and outstanding shares is about 40bn

they are in the habit of dividing profit into those attributable to owners of the company and those attributable to non controlling interest[whatever that means] at the end, its just about haldmf of the profit after tax that is used to calculate the eps. Na their habit for years.

The eps should ordinarily be 80kobo.

gold360:
Good evening my people . Please has zenith and UBA banks started paying dividends to their customers ?
Thank you

Bank customers are not paid dividends. Only shareholders earn dividends

Streetinvestor2:
Great news.The truth remains transcorp power and geregu are over priced. The FA does not justify the price. The current price na manipulation. Thr are many companies that are far better on nse.Tony na scam alert and his bank na channel for yahoo on the street....go and verify.

Oga mi, its better you follow the money, these people have seen the blue print of Nigeria and positioned themselves long ago, once u get the drift it's better you follow the wave
A new tarrig was just approved to make electricity a more lucrative, just watch how 95% of Nigerians will be moved into band A consumers.....

Looking in retrospect
When Otedolla came into the picture fighting for the soul of FBNH, the price moved from circa #7 to #16 in a matter of 2 months......

It never occurred to me why he forayed into banking as he has been a commodity trader all his life but I believe the true picture is actually coming out gradually

The level of investment needed to boost electricity infrastructure in the country is humongous, the likes of our billionaires might not have the experience to quickly deliver and bring such project to profitability quickly.....example being the magic he performed with forte oil and geregu, another example of bringing big projects to profitability would be the dangote refinery that will start selling Nigerian diesel in a matter of days from now

With the recent tariff increase, the process of unbundling the power sector is on full gear and what better way to participate than being in the team of prime- lenders......

I believe for the likes of geregu and transpower to move to the next level in power generation, they will need funding and unbundling of existing laws that might be a bottle neck to attracting investment......

He is going to make money during lending while project construction is going on and once the project is commissioned he enjoys the icing on the cake

With what I am seeing the new recapitalization drive by the cbn is going to be moimoi for the banks to get, foreign investors will mop everything up be it debt or equity financing

If you are in fugaz and more of a fundamentalist like me it's to sit tight, I believe the likes of GT and ZENITH will hit #200 before 2026 recapitalization deadline

In this NSE, Following key men truly pays even when u don't understand their decisions, they don't make sense with both fundamental and technical analysis but when the picture starts taking shape The Bus would have gone too far

edwardaigb:

Leave Mcy for boys, even though dangsugar tied my money down.

Then what am I?

gold360:
I have not received dear .
How do I go about it?

When did you become a shareholder of those banks?
You must download their E-dividend forms, fill and send back to the registrar of those banks.
follow up with them to confirm that you have been mandated to receive your dividends

The criminal company
African Alliance company PLC has refused to pay me and many others their insured money, months and years after maturity.
THEY HID UNDER THE CLOAK OF ISLAM, WITH THEIR FRAUDULENT TAKAFUL SAVINGS PLAN TO DEFRAUD PEOPLE.
I have written several emails to them without a single response.
I have been to their office at Ikoyi last month to warn them and that my return won't be good...

I HAVE WRITTEN SEVERAL COMPLAINTS AND REPORT TO THE USELESS NIACOM THAT'S SUPPOSED TO BE INSURANCE COMPANY POLICE TO PUT THEM TO CHECK, BUT THE USELESS NIACOM IS NOT EVEN RESPONDING.
I THINK AFRICAN ALLIANCE INSURANCE COULD HAVE BRIBED THEM...

Please I want suggestions from people who have had similar experiences with these evil and criminal insurance companies and how they were able to retrieve their money.

https://www.nairaland.com/8050757/how-get-money-criminal-african