megawealth01:


Looks like OANDO in suit clothing

If true then another court case loading except the president intervenes.
Oando

BigBashiru:


This cyber levy might be what will eventually move me to focus on foreign stocks and leave Nigeria all together

& CGT

megawealth01:


You mean 2 for 100 bonus?

Yes
And 1naira

OBAGADAFFI:


Amidst controversial N140 billion purchase, NNPC halts takeover of OVH

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said it is unable to complete the acquisition of OVH Energy Marketing Limited‘s downstream assets.

The declaration is contained in a letter dated 17 January, addressed to the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and signed by the managing director of NNPC Retail Limited, Huub Stokman.

The letter is titled, ‘Notification of inability to complete OVH Energy Marketing Limited terminal, plants and depot takeover and intent to apply for operating licenses’.

The NNPC Ltd had in its latest financial statements said it paid cash amounting to $325.09 million (N140.559 billion) for the acquisition of Oando-branded retail stations and a reception jetty in Apapa, among other facilities.

However, in its letter, the NNPC Ltd said it has become evident that it cannot complete the merger deal.

The company said it intends to apply for operating licenses for the facilities under OVH Energy Marketing Limited.

“We appreciate the ongoing collaboration and support from the National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in facilitating the acquisition of OVH Energy Marketing Limited.

Background

The NNPC Ltd had in October 2022, announced the acquisition of OVH Energy Marketing Limited’s downstream assets. By this acquisition, OVH Energy would be merged with NNPC Retail, a subsidiary of NNPC Ltd.

The assets acquired from the company, which operates Oando filling stations, also include a reception jetty with 240,000 metric tonnes monthly capacity and eight liquefied petroleum gas plants, three lube blending plants, three aviation depots, and 12 warehouses.

But in June 2023, PREMIUM TIMES’ investigation on the acquisition exposed the secret deals and the complicated ownership structure that left managerial control of NNPC Retail in the hands of OVH Energy Marketing.

The report also exposed how OVH Energy Marketing only had about 94 stations and how over 100 stations were leased.

In addition, the report highlighted how Mr Stokman, an expatriate and former Chief Executive Officer of OVH Energy, emerged as the new Managing Director of NNPC Retail, a development that further compounded the structure of NNPC Retail.

NNPC is unserious and is the entity that would lose more if this deal is truncated!

Bbbwings:

Yes
And 1naira

The one naira was interim dividend which was paid last year

Bagwa:
Do your dd, if you didn't get it.........wait for the cooperate announcement soon...

I will wait

KayOn1:


I will wait

Make me sef follow you wait

sterlingD:

The one naira was interim dividend which was paid last year

Thank you

mikeapollo:


NNPC is unserious and would be the entity that would lose more if this deal is truncated!

Very! Very!! Unserious.

Any news on FBNH abi is the side that lost out on the corporate power tussle dumping? Anyone with info, let us know so we know how to plan our trades.

FUGAZ yet to pay dividend on full offer ...

Thank you.

KayOn1:
& CGT

no capital gain tax for foreigners. Tax is only on withheld dividends ~30%

Hogwarthtrades:


no capital gain tax for foreigners. Tax is only on withheld dividends ~30%

No dey mention codes o.

OBAGADAFFI:


Amidst controversial N140 billion purchase, NNPC halts takeover of OVH

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said it is unable to complete the acquisition of OVH Energy Marketing Limited‘s downstream assets.

The declaration is contained in a letter dated 17 January, addressed to the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and signed by the managing director of NNPC Retail Limited, Huub Stokman.

The letter is titled, ‘Notification of inability to complete OVH Energy Marketing Limited terminal, plants and depot takeover and intent to apply for operating licenses’.

The NNPC Ltd had in its latest financial statements said it paid cash amounting to $325.09 million (N140.559 billion) for the acquisition of Oando-branded retail stations and a reception jetty in Apapa, among other facilities.

Belated news.

This 100k units rule for stocks above #200 no dey make it easy for some stocks to move up of down if MM no put hand.

OP

Deadlytruth:
Please who can help with information as to whether DATAMAX (GTCO Registrars) has e-dividend mandate form that one could fill and submit entirely online or one must visit their office to submit it.

sterlingD:


Alternative will be to download the form filled along with the share transfer form of your stock broker get your bank of where your receiving account is to verify with signature and stamp and forward it to your stockbroker for onward forwarding to the registrar via your email ( Others will chip in too)

you should be able to complete this thorugh the EDMMS page https://docuhub3.nibss-plc.com.ng/edmms/self-service. Caveat: Ensure your signature (share transfer form ) has been sent or is with your broker. Go to Datamax website fill out the form. As for signature, take a picture of your signature on a white A4 paper in this format then upload where required.You should be good.

Signature

Full Name and Date

KayOn1:
No dey mention codes o.

Apologies, did i miss something? please clarify.

Hogwarthtrades:
OP




you should be able to complete this thorugh the EDMMS page https://docuhub3.nibss-plc.com.ng/edmms/self-service. Caveat: Ensure your signature (share transfer form ) has been sent or is with your broker. Go to Datamax website fill out the form. As for signature, take a picture of your signature on a white A4 paper in this format then upload where required.You should be good.

Signature

Full Name and Date

Thanks. I will try it

Hogwarthtrades:


Apologies, did i miss something? please clarify.

.

Hogwarthtrades:
OP




you should be able to complete this thorugh the EDMMS page https://docuhub3.nibss-plc.com.ng/edmms/self-service. Caveat: Ensure your signature (share transfer form ) has been sent or is with your broker. Go to Datamax website fill out the form. As for signature, take a picture of your signature on a white A4 paper in this format then upload where required.You should be good.

Signature

Full Name and Date

No provision for registration of a new account

KayOn1:


I will wait

is it available in the market now ?

Japaul on full bid.
Nice one @Bagwa

Bagwa:
Japaul done deal take position before it will scares

Bagwa:
is it available in the market now ?

No. It still doesn't change my position. I used " I ".

KayOn1:
Nigeria like copying, make dey no bring am come o.

Very Slim chance of that happening , that is one of NGX competitive advantage aka Selling point. worse case scenario in a few decades it may go up to 12-15% on every 300-400 mill liquidated. Ther will always be loopholes to avoid that .

Hogwarthtrades:


Very Slim chance of that happening , that is one of NGX competitive advantage aka Selling point. worse case scenario in a few decades it may go up to 12-15% on every 300-400 mill liquidated. Ther will always be loopholes to avoid that .

Don't bet on that.

Deadlytruth:
No provision for registration of a new account

try this page https://www.cognitoforms.com/DataMaxGroup1/ShareholdersEcontactUpdateForm

check your brokerage account statement or report to see what your CHN number is.. As for shareholder number, you can leave it blank.

KayOn1:
Don't bet on that.

OK sir!

Bagwa:
Do your dd, if you didn't get it.........wait for the cooperate announcement soon...

hmmmm

I think we are missing someone here. Especially this period of result. Where's sister Mercy oo? Please come back oo.

Bbbwings:

Yes
And 1naira

I'm not aware of the 1naira sha

Bagwa:
Do your dd, if you didn't get it.........wait for the cooperate announcement soon...

If the information is top notch, all it takes is a sizeable volume bid at today's price and MM will have it filled. I will wait for the news.

** I always use " I " in my sayings. DD always adviced.

KayOn1:


No. It still doesn't change my position. I used " I ".

Alright best of luck then if you can get

Bagwa:
Alright best of luck then if you can get

Thank you. 🙏

Last time I checked though, there are over 100 stocks to choose from.
Japaul has been in oversold territory for the last 3 weeks running. Not my kind of stock till I hear the exceptional news.

J Berger nice q1 results. Eps of #6 plus in just a quarter. I was wondering why it was going north