When subscribing for public offers via primary market electronic portals (like NGX Invest), if an existing Clearing House Number (CHN) or CSCS number is not explicitly linked during the signup flow, the system automatically generates a new CHN and CSCS account to ensure the allotment goes through. Read more
When subscribing for public offers via primary market electronic portals (like NGX Invest), if an existing Clearing House Number (CHN) or CSCS number is not explicitly linked during the signup flow, the system automatically generates a new CHN and CSCS account to ensure the allotment goes through.
There is no need to worry—his funds and shares are safe, and the duplicate account can be consolidated so all his shares reflect under his main account.
What I experienced was that, I first registered on Investnaija but was given another CSCS number on another stock app, but when I applied for an IPO, they asked me to give them which of the stockbroker app I want the shares to reflect on, which I did. I hope this works if I got the question right.
What happened to you is completely normal, and almost every investor experiences it when starting out. In trading, this difference between the price you expected and the price you actually paid is called slippage, I experienced that too last week when ngx was rising, I bidded at 179, only to processRead more
What happened to you is completely normal, and almost every investor experiences it when starting out. In trading, this difference between the price you expected and the price you actually paid is called slippage, I experienced that too last week when ngx was rising, I bidded at 179, only to process at #195.6, I lost around #11,000 to this due to the quantity I wanted to buy.
I learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
I learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
Can a Dangote Refinery IPO Subscription Create a Second CSCS Account or CHN?
When subscribing for public offers via primary market electronic portals (like NGX Invest), if an existing Clearing House Number (CHN) or CSCS number is not explicitly linked during the signup flow, the system automatically generates a new CHN and CSCS account to ensure the allotment goes through. Read more
When subscribing for public offers via primary market electronic portals (like NGX Invest), if an existing Clearing House Number (CHN) or CSCS number is not explicitly linked during the signup flow, the system automatically generates a new CHN and CSCS account to ensure the allotment goes through.
There is no need to worry—his funds and shares are safe, and the duplicate account can be consolidated so all his shares reflect under his main account.
What I experienced was that, I first registered on Investnaija but was given another CSCS number on another stock app, but when I applied for an IPO, they asked me to give them which of the stockbroker app I want the shares to reflect on, which I did. I hope this works if I got the question right.
See lessWhy Was My Stock Order Executed at a Higher Price Than the Price I Saw?
What happened to you is completely normal, and almost every investor experiences it when starting out. In trading, this difference between the price you expected and the price you actually paid is called slippage, I experienced that too last week when ngx was rising, I bidded at 179, only to processRead more
What happened to you is completely normal, and almost every investor experiences it when starting out. In trading, this difference between the price you expected and the price you actually paid is called slippage, I experienced that too last week when ngx was rising, I bidded at 179, only to process at #195.6, I lost around #11,000 to this due to the quantity I wanted to buy.
See lessCan I Buy Dangote Refinery IPO Shares in Installments in Nigeria?
I learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
I learnt you can do that before the subscription window closes, but not with different brokerage accounts liable to disqualification or you wait for the secondary market.
See lessCan I Safely Subscribe to the Dangote Refinery IPO Through ARM One?
Yes, they are. You can also make your findings by checking the subscription channels issued by the Dangote group
Yes, they are. You can also make your findings by checking the subscription channels issued by the Dangote group
See lessDo I need to worry about penalties if I missed the March 31 tax filing deadline in Nigeria?
I couldn't meet the deadline
I couldn’t meet the deadline
See less