megainvest:






NO!

The answer to the original question is NO, except the CSCS number is the same for both stock brokers but this is hardly ever the case. Each broker will usually open a new account for you if not, there will be confusion. You have to fill an E-Dividend form each time you open a new CSCS Account. The only unique identifier is the CSCS number not your name.
We all know there can be a hundred people who bear the same name with you so how do we tell the difference?

However, if you have an existing e-dividend mandate on a particular CSCS account with a registrar, all dividends from companies managed under that registrar will be paid using the existing mandate. For example assuming you have an e mandate on CSCS account XYZ for GTB shares with Datamax registrars, and you buy Seplat shares a year later on the same CSCS account XYZ you will not need to fill a new form for the Seplat shares.
I am not 100% sure this is the same for all registrars but I believe it should be so.

The current First Registrars e dividend form allows you to fill the different CSCS Account numbers you have from different stock brokers on one form. However, after submitting, if you open another new account, you must fill a new form.
I am making this assertion with full confidence because I contacted first registrars about this last week.

I await the day SEC will introduce something like BVN to link the various CSCS accounts and help solve the complications.

I hope I made common sense. Enjoy your Sunday.

You will simply send authorization letter to your registrar to apply existing e-dividend mandates to your new cscs accounts and it will be done.

angelo82:


You will simply send authorization letter to your registrar to apply existing e-dividend mandates to your new cscs accounts and it will be done.

It depends on the registrar but not First Registrars of today. As I mentioned before, I contacted First Registrars just last week to do exactly what you said and I was told they no longer accept that. I had to fill the new form.

megainvest:


It depends on the registrar but not First Registrars of today. As I mentioned before, I contacted First Registrars just last week to do exactly what you said and I was told they no longer accept that. I had to fill the new form.

I am avoiding anything First Registrars these days.

PETERiCHY:
"Sell in MAY and GO AWAY, else remain in the market at own PERiL"

*ThE OcToPuS*

Octopus! You advised us all through Jan to April not to buy. Now you are advising us to sell in May.

Please we cannot sell what we didn't buy.

megainvest:






NO!

The answer to the original question is NO, except the CSCS number is the same for both stock brokers but this is hardly ever the case. Each broker will usually open a new account for you if not, there will be confusion. You have to fill an E-Dividend form each time you open a new CSCS Account. The only unique identifier is the CSCS number not your name.
We all know there can be a hundred people who bear the same name with you so how do we tell the difference?

However, if you have an existing e-dividend mandate on a particular CSCS account with a registrar, all dividends from companies managed under that registrar will be paid using the existing mandate. For example assuming you have an e mandate on CSCS account XYZ for GTB shares with Datamax registrars, and you buy Seplat shares a year later on the same CSCS account XYZ you will not need to fill a new form for the Seplat shares.
I am not 100% sure this is the same for all registrars but I believe it should be so.

The current First Registrars e dividend form allows you to fill the different CSCS Account numbers you have from different stock brokers on one form. However, after submitting, if you open another new account, you must fill a new form.
I am making this assertion with full confidence because I contacted first registrars about this last week.

I await the day SEC will introduce something like BVN to link the various CSCS accounts and help solve the complications.

I hope I made common sense. Enjoy your Sunday.

U made common sense. Thanks for taking out time to expatiate.

PETERiCHY:
"Sell in MAY and GO AWAY, else remain in the market at own PERiL"

*ThE OcToPuS*

May this year is a good time to buy, for investors.

I welcomes you all to the month of May 2016, all I can see ahead is green, green, green everywhere. The investors that weep before will rejoice soon.

The only permanent thing in life is change.

Shale 'threat' ebbing & seriously decimated for now. Rosy outlook from here on, @ least for the next 3 quarters unless, though unlikely, global economy (China? US? or ??) gets heavily tripped.

Q1 2016 surely was one quarter from h*ll. We seem past the worst- can only get better for now, fingers crossed.

http://mobile.reuters.com/article/newsOne/idUSKCN0XS0U4

Buffet says hedge funds are a bad deal for investors

http://mobile.reuters.com/article/idUSKCN0XR0OO

The 2008 meltdown demystified a lot of fancy financial stuffs. An endless hangover hitting the industry.

Someone should please assist on this first registrars issue below as am still learning

ORAGBON:
Goodmorning house, kindly assist again. Is it proper for first registrars to reject my signature specimen processed by my broker via CSCS on the ground that I did not use a particular unit bought by me through my broker from CSCS or on the floor, but that I quoted the total balance in my account as a unit? So because of this I should re-process another transfer form stating a particular unit bought through my stock broker. I thought processing of transfer form is to validate ones signature specimen, though I may be wrong. I need you advise.

Chibuking81:
I welcomes you all to the month of May 2016, all I can see ahead is green, green, green everywhere. The investors that weep before will rejoice soon.

Oga ChiBu. This one u have reversed ur position and seem to be correct, the market is gradually waking up from Reds. Pls what barometer are u using...

Happy new month to everyone in the house

donmarshia:


Octopus! You advised us all through Jan to April not to buy. Now you are advising us to sell in May.

Please we cannot sell what we didn't buy.

Don't mind @PETERICHY. He is such a very confused person...

The Octopus my foot!

Happy new month fellas.

Moody’s Investors Service, better known as Moody’s, has finally downgraded Nigeria’s long-term issuer ratings from Ba3 to B1.

B1, B2 and B3 are judged to “have speculative elements and a significant credit risk”, while Ba1, Ba2 and Ba3 are seen as “speculative and a high credit risk”.

Moody’s has also assigned a stable outlook after concluding the review for downgrade initiated in March 2016.

Announcing this on Friday, the company, which ranks the creditworthiness of borrowers, said the downgrade is based on Nigeria’s increased external vulnerability “brought about by the prospect of lower-for-longer oil prices”.

The rating was also affected by the “execution risk” in the transition to a less oil-dependent federal budget, and the implications for the government’s balance sheet should it not achieve its aims

Moody’s further said “an elevated interest burden over the next two years while the government grows its non-oil tax receipts” was the third factor in the downgrade.

https://www.thecable.ng/moodys-finally-downgrades-nigeria

Nothing positive has come out from this government of change aka CHAINS. Investors are warned.

Dragonking:


https://www.thecable.ng/moodys-finally-downgrades-nigeria

Nothing positive has come out from this government of change aka CHAINS. Investors are warned.

Oga am not sure you took time to read the news you posted!

You made it seem as if it's Buhari when it's very clear that it's all about Oil and Oil prices which we as a Nation has depended on for too long...

The govt has been saying that they want to diversify the economy from Crude Oil... we are waiting for the passage of their first Budget yet you are spewing thrash here!

Am sure you are also aware that all the Major Oil companies were down graded in their ratings a couple of weeks ago. This saw Exon Mobil being down graded for the first time ever in the company History!

feelamong:


Oga am not sure you took time to read the news you posted!

You made it seem as if it's Buhari when it's very clear that it's all about Oil and Oil prices which we as a Nation has depended on for too long...

The govt has been saying that they want to diversify the economy from Crude Oil... we are waiting for the passage of their first Budget yet you are spewing thrash here!

Am sure you are also aware that all the Major Oil companies were down graded in their ratings a couple of weeks ago. This saw Exon Mobil being down graded for the first time ever in the company History!

my bro,pls follow proverbs 26;4 if you are a Christian.
those guys are robot,dragon and his master. except they prove otherwise by telling me what happened in the year 1864 and what will happen by may 30 2016,then people might take them a bit serious.

http://saharareportersrescue.com/2016/05/01/busted-efcc-closes-in-on-former-lagos-governor-over-29-dubai-property/

The Economic and Financial Crimes Commission (EFCC), is closingin on a former governor from Lagos State, who is alleged to own 29 choice property in the United Arab Emirate (UAE), Saturday Telegraph’s investigation has revealed.

It is clear which of the former Governors that have ruled Lagos before are on the EFCC radar. Some of the ex-Lagos Governors who are still living are, Asiwaju Bola Tinubu, Alhaji Lateef Jakande and Brigadier Buba Marwa, who ruled Lagos as a Military Governor.

Sources disclosed that the former governor would soon be invited to the commission’s headquarters in Abuja, to answer questions on the alleged ownership of the luxury houses, each of which is said to be valued at over $1 million. It will be recalled that New Telegraph had exclusively reported on Monday the tracing of the property by the Foreign Desk Office of the EFCC.

A source, who spoke in confidence with Saturday Telegraph, said the commission was determined to deploy all that is legitimately required, to recover the controversial property, once it has incontrovertible evidence to link the ownership of the property to the erstwhile governor.

He insisted that the said luxury homes, were allegedly acquired through offshore companies, who are also responsible for their management. This is even as Saturday Telegraph further gathered, that the UAE government was mounting pressure on the offshore companies to come clean on the true ownership of the assets.

The decision by the Federal Government to seek the support of the government of UAE, and the latter’s cooperation, Saturday Telegraph learnt, comes on the heels of a subsisting Bilateral Agreement, which countries signed sometime in January.

The signing, which took place in Abu Dhabi, was witnessed by President Muhammadu Buhari and the Crown Prince of the UAE, Mohammed Bin Zayed Al Nahyan. “Further to the earlier tracing of the assets, the EFCC is working towards inviting the ex-governor to come and defend himself,” the source said.

Asked to be specific on the date, he declined, saying: “I can’t tell you that; you will know once that happens.” He added that: “The UAE government is mounting pressure on the offshore companies to make some disclosures to it, which will definitely help our investigation. Once all relevant procedures are concluded, and the commission feels strongly it has a prima facie case, it will charge him to court.”



Everyday investors kept asking why the price of OANDO nosedived from above N300 to below N5, forgotten it's been managed by the TINUBU's who happen to be the grandfather of CORRUPTION.

Let's see how Saint BUHARI will probe them. Bunch of hypocrites

Happy new month and happy new week.Its a great day!

Happy New Month

Miracle

Awaits

You

http://www.punchng.com/dollar-scarcity-nigerian-travellers-buy-tickets-abroad/

Nigerian travel agencies are now collaborating with their counterparts in China, United States of America and Europe to buy flight tickets for intending international travellers from the country, investigation by our correspondent has revealed.

The development follows the acute scarcity of dollars, which has forced foreign airlines to raise airfares by over 200 per cent, with some now accepting only dollars as the means of payment for flight tickets.

In the last one year, over 25 foreign airlines flying into Nigeria have been unable to repatriate over N300bn ticket sales proceeds to their home countries, as the Central Bank of Nigeria continues to ration foreign exchange to commercial banks for sale to users.

http://www.punchng.com/foreign-exchange-earnings-drop-7-05bn/

The Nigerian economy recorded a decline of $7.95bn in foreign exchange inflows in the last quarter of 2015, figures obtained from the Central Bank of Nigeria have revealed.

The CBN said in its economic report for the fourth quarter of 2015 that the foreign exchange inflows dropped from $27.34bn at the end of the third quarter to $20.29bn at the end of the fourth quarter.

It said the foreign exchange earnings of $20.29bn represented a decline of 25.8 per cent and 45.2 per cent below the levels in the third quarter of 2015 and the corresponding period of 2014, respectively.

Kai...#SaiPETERiCHY!!!

https://www.nairaland.com/3080716/ogun-police-deploy-2-helicopters

The Ogun state police command has intensified the search for kidnapped Senator, Iyabo Anisulowo, by employing the services of two helicopters. IGP, Solomon Arase ordered the deployment of the choppers on Saturday.

The choppers, which arrived on Saturday have been patrolling the suspected hideouts of the kidnappers in the state.Commissioner of police, Ogun state, Mr. Abdulmajid Alli, shifted the base of operations to Ilaro, Yewa South Local Gov­ernment area.


APC ZOMBIES should come and defend this one too

PETERiCHY:


They say history has a way of repeating itself,

Not minding buhari left power 30yrs ago.

If Buhari is not an epitome of badluck then why must all the bad development in the universe always crop up whenever he's in power.

Even those of us that earns forex of which his bad policies has doubled our paycheck in Naira but still out of patriotism are voicing out for the suffering of masses to ameliorated

It's only the ZOMBIES which has been programmed with a reprobate mind that will never see anything wrong with this regime and continue to defend their action till they enter grave. if in doubt go to Nairaland FrontPage news. One of them just drop dead xtaday. May his soul RIP.

Earlier this year I was in Nigeria for my vacation and I can testify the SUFFERING is REAL though I don't really blame the ZOMBIES because they are already programmed for DAMNATION.

*ThE OcToPuS*

Pls Mr Peterichy, dont talk ill of the dead....THIS IS AFRICA,,nkan mbe things can come anybody's way

y is it dat dis P... R only luks for negative news, his no more talking of crude cumin down to $20... hahaha, he has started posting political news... nah wah oooooo

Princkez:
y is it dat dis P... R only luks for negative news, his no more talking of crude cumin down to $20... hahaha, he has started posting political news... nah wah oooooo

its only a f00l that does something over and over again and expect a different result.
the robot was typing before the elections everywhere that

1)Buhari is a serial loser,we all know the result.

2)Brent crude will get to $20pb yet he failed again

3)ASI will get to 15000 basic points around Feb/march yet the robot failed again.

4)devaluation a solution so tey Egypt believed d robot yet the robot caused a failure in Egypt cause they are still in the mess.

5)so tell me what the robot will say that will not FAIL.

Everything the robot says will fail cause it was mistakenly programmed.

but if the robot na human,then Pele (sorry) for it.

Intendy:
http://www.dailytrust.com.ng/news/business/stanbic-ibtc-launches-e-trading-platform-on-nse/144830.html

http://stanbicibtcstockbrokers.com/documents/Stanbic%20IBTC%20E-Trade%20-%20User%20Guide.pdf