image: varchev.com

I am currently doing a Master of Science in Financial Engineering (MScFE) with the WorldQuant University (currently they operate tuition free, you can apply via https://wqu.org/) I am in my third course out of total of 12; running into my fifth month out of 18 total months for the MSc.

It has been a very pleasant experience. I found it more structured and rigorous than the non-free MBA I did with a European university. So, if you are interested in the world of quantitative finance and investments, I would say you should give it a try. Just know that getting in is not a walk in the park and the program is very demanding -- you'll do lots of advanced calculus, some python and R programming, some finance and lots of mathematics. 

Last year, I finally got inducted as a chartered stockbroker upon completing the intensive 1 year exams. And due to a pact CIS Nigeria has with UK Chartered Institute of Securities and Investments, I was able to do just one ethics-type exam and become a member of the UK Chartered Institute of Securities and Investments. So I now use the designations ACS and ACISI (UK) in front of my name. And more importantly, I have achieved one of the milestones to my goal of setting up a financial securities trading and investment company.

I hope to use the MScFE to learn the skill of building financial investment products and improving my securities analysis skills.

I have been taking a more structured approach to my investing. I now do a monthly allocation of my ex-expenses disposable income to different asset classes:

• 20% to Real Estate
• 50% to Stocks
• 10% to Money Market
• 20% to Cryptocurrencies

In addition, all my online USD income goes to my US equities account.

The needed push to taking this structured approach to having a portfolio that spans these major asset classes came from the learning in the MScFE course 1 (Financial Markets). So no more thinking asset class A vs asset class B, but how much of asset class A and how much of asset class B.

This year I hope to see more improvement in my personal finance and investments as I learn more from the program and put those learning to practice. 

I have been working hard on our stocks analysis platform -- www.nigeriamarketdata.com -- and some of the recent additions I made are some level of technical analysis incorporation.

Personally, I took a big hit in the stock market this year. I kept buying throughout the year even as stocks were going down. I did not pay too much attention to general buy/sell trends in the market. Actually, I have a disdain for technical analysis, partly because it's a big deal in forex (currency) markets and I have always been losing money in forex (currency) markets. All the fuss about support, resistance, candle patterns and so on looked too abstract and impractical to me. 

The amazing guys at http://tiameetup.com/ were able to make me start seeing where the practicality of technical analysis lies for a fundamentals addict like me. Got to say a big thanks to Adetunji Adeshina. 

The truth is that I am still a fundamentals guy and I don't regret buying throughout the year in stocks. I am as proud of the losses I have made this year as the bumper gains I made last year. The main difference now is that I pay attention to trends -- technical analysis -- and I will be less willing to catch falling knives. I invest month: I usually first take out my savings/investment from my monthly income and live on the remainder. Throughout this year all those monthly investments went to stocks (and ETFs). Going forward, I will spread the money more strategically across all my asset classes; when the stock market is trending massively downwards I will pause monthly inflow into it (except if some amazing deals pop up) and channel more into another asset class that is not evidently trending downwards (also not necessarily evidently trending upwards).

In tracking the stocks market trends, I have designed via Power BI a price and volume action tracker -- showing changes in volume activity and the very important 50 days & 200 days moving averages. You too can access this (for free) in the Power BI section of www.nigeriamarketdata.com 

On the side bar, you can select any company you want to analyse. And at the upper end, there is a timeline to specify the timeframe to analyse for. The upper chart shows the price plotted to the left axis and the volume plotted to the right axis. That way you can see when the market was most active for that stock and what direction it pushed the price. The lower chart shows the current price vs 50 days MA (moving average) and 200 days MA. With these basic technical data -- price, volume and moving average -- you can pull out useful technical analysis.

You can also analyse the entire NSE All Share Index.

Don't worry about the blood stains on the lower chart. I am still trying to figure out the reason for that. 

All these, I created by using Python scripts running on an Azure (cloud) server to store daily trade data on an Azure (cloud) database, then connect Power BI directly to that database with daily auto-refresh set. So without any manual intervention on my part, every day, stocks data is being pulled directly into the charts in Power BI.

If you go through some of my Power BI tutorial videos on https://www.urbizedge.com/Tutorials and https://www.urbizedge.com/PowerBI you will see how I created the core of this particular Power BI report.

Power BI is, indeed, an amazing data analysis tool for better decision making.

Join me today, on Cowrywise Personal Finance Series via this Whatsapp group https://chat.whatsapp.com/invite/CE6CTuwoOs816qeAs8wjVe at 7:00pm Nigerian time as I'll be sharing on how to leverage new platforms for investment.

Below are the slides I will be sharing. And as usual, I'll give very practical illustrations and tips that are Nigerian centric. See you!

image: fifthperson.com

This year I decided to stop leaving money on the table, letting my stocks dividends pass me. I had moved from my far-from-everywhere house in Abule-Egba to close-to-everywhere-I-go Gbadaga. But I needed to be sure my shares dividend warrants will get to me and that the ones I have not been receiving (like Total Nigeria PLC and others I can't remember their names) will be (reissued and) paid into my bank account.

So I did the e-Dividend mandate process. In fact, I bought small units of shares in all the companies I have ever considered owning shares in but don't yet own, so that I can do the e-Dividend mandate for them all at once. Later, I learned that I could have saved myself some stress and funds, that once I buy into a new company that is managed by a registrar that already has my details, I should just phone or email them and ask they extend the e-dividend mandate to cover the new/additional company.

Unfortunately, submitting e-dividend mandates didn't fix the problem. Some companies still kept sending me posted dividend warrants while a few started paying directly into my account. In the end, I had to take the following steps to get my dividends consistently paid into my bank account (and reclaim unclaimed dividends):

1. Do the e-Dividends mandate (you can get the forms directly from this SEC page and below is a comprehensive table of registrars and the companies/securities they service)
2. Email the registrars about the status of your e-dividend mandate (best to give a week or a month gap between the submission and this email query)
3. Some will ask for signature specimen; go through your broker to provide them the signature specimen
4. Some will ask for some additional details from you or that you fill a form and scan back the filled form to them. One even asked me to physically submit a form to their office

And those were the steps I had to go through to permanently fix my unpaid dividend and e-dividend problems.

Below is the list of companies and their respective registrars.

S/N	Registrar	Company
1	Africa Prudential Registrars	A & G INSURANCE PLC
2	Africa Prudential Registrars	A.R.M LIFE PLC
3	Africa Prudential Registrars	ABBEY MORTGAGE BANK PLC
4	Africa Prudential Registrars	ADAMAWA STATE GOVERNMENT BOND
5	Africa Prudential Registrars	AFRICA PRUDENTIAL REGISTRARS PLC
6	Africa Prudential Registrars	AFRILAND PROPERTIES PLC
7	Africa Prudential Registrars	BECO PETROLEUM PRODUCTS PLC
8	Africa Prudential Registrars	BENUE STATE GOVERNMENT BOND
9	Africa Prudential Registrars	BUA GROUP
10	Africa Prudential Registrars	CAP PLC
11	Africa Prudential Registrars	CAPPA AND D'ALBERTO PLC
12	Africa Prudential Registrars	CEMENT COY OF NORTHERN NIG. PLC
13	Africa Prudential Registrars	CHAMPION BREWERIES PLC
14	Africa Prudential Registrars	COMPUTERWAREHOUSE GROUP
15	Africa Prudential Registrars	CSCS PLC
16	Africa Prudential Registrars	EBONYI STATE GOVERNMENT BOND
17	Africa Prudential Registrars	GOLDEN CAPITAL PLC
18	Africa Prudential Registrars	INFINITY TRUST MORTGAGE BANK PLC
19	Africa Prudential Registrars	INTERNATIONAL BREWERIES PLC
20	Africa Prudential Registrars	INVESTMENT & ALLIED ASSURANCE PLC
21	Africa Prudential Registrars	JAIZ BANK PLC
22	Africa Prudential Registrars	KADUNA STATE GOVERNMENT BOND
23	Africa Prudential Registrars	MIXTA REAL ESTATE PLC (formerly ARM Properties Plc)
24	Africa Prudential Registrars	NEM INSURANCE PLC
25	Africa Prudential Registrars	NEXANS KABLEMETAL NIG. PLC
26	Africa Prudential Registrars	OMOLUABI SAVINGS AND LOANS PLC
27	Africa Prudential Registrars	P.S MANDRIDES PLC
28	Africa Prudential Registrars	PERSONAL TRUST & SAVINGS LTD
29	Africa Prudential Registrars	PORTLAND PAINTS & PRODUCTS NIG. PLC
30	Africa Prudential Registrars	PREMIER BREWERIES PLC
31	Africa Prudential Registrars	RESORT SAVINGS & LOANS PLC
32	Africa Prudential Registrars	ROADS NIGERIA PLC
33	Africa Prudential Registrars	SCOA NIGERIA PLC
34	Africa Prudential Registrars	THE LA CASERA CORPORATE BOND
35	Africa Prudential Registrars	TOWER BOND
36	Africa Prudential Registrars	TRANSCORP HOTELS PLC
37	Africa Prudential Registrars	TRANSCORP PLC
38	Africa Prudential Registrars	UAC PROPERTY DEVELOPMENT COMPANY PLC
39	Africa Prudential Registrars	UACN Plc
40	Africa Prudential Registrars	UBA BALANCED FUND
41	Africa Prudential Registrars	UBA BOND FUND
42	Africa Prudential Registrars	UBA CAPITAL PLC
43	Africa Prudential Registrars	UBA EQUITY FUND
44	Africa Prudential Registrars	UBA MONEY MARKET FUND
45	Africa Prudential Registrars	UNIC PLC
46	Africa Prudential Registrars	UNITED BANK FOR AFRICA PLC
47	Africa Prudential Registrars	UTC NIGERIA PLC
48	Africa Prudential Registrars	WEST AFRICAN GLASS IND PLC
49	All Crowns Registrar	Greif Nigeria
50	Apel capital	ABACUS MONEY MARKET
51	Apel capital	ANINO INT’L PLC
52	Apel capital	BREWERIES PLC
53	Apel capital	CHAPEL HILL DENHAM
54	Apel capital	EQUITY ASSURANCE PLC
55	Apel capital	FIRST ALUMINUM PLC
56	Apel capital	FUND
57	Apel capital	INNOVATION PLC
58	Apel capital	INTERLINKED
59	Apel capital	INTERNATIONAL
60	Apel capital	LASACO ASSURANCE
61	Apel capital	LEAD UNIT TRUST SCHEME
62	Apel capital	MASS TELECOM
63	Apel capital	MBA MUTUAL TRUST
64	Apel capital	MONEY MARKET FUND
65	Apel capital	NCR (NIGERIA) PLC
66	Apel capital	NEM INSURANCE PLC
67	Apel capital	PARAMOUNT EQUITY
68	Apel capital	PHARMA DEKO PLC
69	Apel capital	PLC
70	Apel capital	SCHEME
71	Apel capital	TECHNOLOGIES PLC
72	Apel capital	THE INITIATES PLC
73	Atlas Registrars	Flour Mills
74	Atlas Registrars	Northern Nigeria Flour Mills
75	CardinalStone Registrars	ACORN PET. PLC
76	CardinalStone Registrars	AFRIK PHARMACEUTICALS PLC
77	CardinalStone Registrars	AG HOMES SAVINGS & LOANS
78	CardinalStone Registrars	AG LEVENTIS
79	CardinalStone Registrars	ARBICO PLC
80	CardinalStone Registrars	ASHAKACEM PLC
81	CardinalStone Registrars	BANKERS WAREHOUSE
82	CardinalStone Registrars	BETA GLASS
83	CardinalStone Registrars	CAPITAL HOTEL PLC
84	CardinalStone Registrars	ELLAH LAKES
85	CardinalStone Registrars	EVANS MED PLC
86	CardinalStone Registrars	FCMB BOND
87	CardinalStone Registrars	FCMB GROUP PLC
88	CardinalStone Registrars	FIDSON BOND
89	CardinalStone Registrars	G. CAPPA PLC
90	CardinalStone Registrars	GUINEA PLC
91	CardinalStone Registrars	IMB ENERGY MASTER FUND
92	CardinalStone Registrars	JOS INT. BREWERIES PLC
93	CardinalStone Registrars	KOGI SAVINGS & LOAN LTD
94	CardinalStone Registrars	LAFARGE AFRICA PLC
95	CardinalStone Registrars	LAFARGE BOND
96	CardinalStone Registrars	LAW UNION & ROCK PLC
97	CardinalStone Registrars	LEGACY FUND
98	CardinalStone Registrars	LIVESTOCK FEEDS PLC
99	CardinalStone Registrars	MORISON PLC
100	CardinalStone Registrars	MRS OIL PLC
101	CardinalStone Registrars	N.G.C PLC
102	CardinalStone Registrars	NAHCO BOND
103	CardinalStone Registrars	NAHCO PLC
104	CardinalStone Registrars	NEWPAK PLC
105	CardinalStone Registrars	NGC STERILE
106	CardinalStone Registrars	NPF MICROFINANCE BANK
107	CardinalStone Registrars	NULEC INDUSTRIES PLC
108	CardinalStone Registrars	OKOMU OIL PALM PLC
109	CardinalStone Registrars	PREMIER PAINT PLC
110	CardinalStone Registrars	REAN PLC
111	CardinalStone Registrars	SKYE BANK PLC
112	CardinalStone Registrars	TOTAL NIG. PLC
113	CardinalStone Registrars	TRANEX PLC
114	CardinalStone Registrars	WOMEN INVESTMENT FUND
115	Centurion Registrars	C&I Leasing
116	Centurion Registrars	Diamond Bank
117	Centurion Registrars	Linkage Assurance
118	Centurion Registrars	Nigeria Wire Industries
119	Centurion Registrars	Union Dicon Salt
120	Centurion Registrars	Vital Products
121	DataMax Registrars	AXA Mansard Insurance Plc.
122	DataMax Registrars	Guaranty Trust Bank Plc.
123	DataMax Registrars	IFC - Naija Bond
124	DataMax Registrars	Imperial Mortgage Bank Limited
125	DataMax Registrars	Kogi State Bond
126	DataMax Registrars	Mainstream Energy Solutions
127	DataMax Registrars	Seplat Petroleum Development Plc.
128	DataMax Registrars	Sterling Assurance (Sterling Trust Fund)
129	EDC Registrars	Adswitch Plc
130	EDC Registrars	Afromedia Plc
131	EDC Registrars	Courteville Bus. Solutions Plc
132	EDC Registrars	Cutix Plc
133	EDC Registrars	Dangote Flour Mills Plc
134	EDC Registrars	Imo State Government Bond
135	EDC Registrars	Plateau State Government Bond
136	EDC Registrars	Resourcery Plc
137	First Registrars	(SERIES 1 BOND)
138	First Registrars	(SERIES 2 BOND)
139	First Registrars	ABC TRANSPORT PLC
140	First Registrars	ACAP CANARY GROWTH FUND
141	First Registrars	ACCUMULATED)
142	First Registrars	AFRICAN DEVELOPMENT BANK BOND
143	First Registrars	AFRICAN PAINTS PLC
144	First Registrars	ARM AGGRESSIVE GROWTH FUND
145	First Registrars	ARM ETHICAL FUND
146	First Registrars	ASO-SAVINGS AND LOANS PLC
147	First Registrars	ASSET & RESOURCE MANAGEMENT COMPANY
148	First Registrars	AUSTIN LAZ AND COMPANY PLC
149	First Registrars	BANK PHB PLC (NOW KEYSTONE BANK LIMITED)
150	First Registrars	BAYELSA STATE GOVERNMENT BOND
151	First Registrars	BCN PLC-MARKETING COMPANY
152	First Registrars	BOC GASES NIGERIA PLC
153	First Registrars	CADBURY NIGERIA PLC
154	First Registrars	CHAMS PLC
155	First Registrars	CORE INVESTMENT SCHEME (COINS)
156	First Registrars	CORE VALUE ACCOUNT (COVA)
157	First Registrars	COSTAIN WEST AFRICA PLC
158	First Registrars	CR SERVICES (CREDIT BUREAU) PLC
159	First Registrars	CROSS RIVERS STATE GOVT BOND
160	First Registrars	DAAR COMMUNICATIONS PLC
161	First Registrars	DEAP CAPITAL MANAGEMENT & TRUST PLC
162	First Registrars	DELTA STATE GOVT BOND
163	First Registrars	DV BALANCED FUND
164	First Registrars	EDO STATE GOVT BOND
165	First Registrars	FAMAD NIGERIA PLC
166	First Registrars	FBN FIXED INCOME FUND
167	First Registrars	FBN HERITAGE FUND
168	First Registrars	FBN HOLDINGS PLC
169	First Registrars	FBN MONEY MARKET FUND
170	First Registrars	FBN NIGERIA EUROBOND (USD) FUND
171	First Registrars	FBN NIGERIA SMART BETA FUND
172	First Registrars	FIDELITY BANK PLC
173	First Registrars	FIDELITY BANK PLC BOND
174	First Registrars	FIXED RATE SUBORDINATED UNSECURED
175	First Registrars	FORTIS MICROFINANCE BANK PLC
176	First Registrars	FRIESLANDCAMPINA WAMCO NIGERIA PLC
177	First Registrars	FUND
178	First Registrars	HONEYWELL FLOUR MILLS PLC
179	First Registrars	INDORAMA ELEME PETROCHEMICALS COMPANY
180	First Registrars	ISSUANCE PROGRAMME N80 BILLION 4%
181	First Registrars	ISSUANCE PROGRAMME N87.5 BILLION 13.5%
182	First Registrars	JULI PLC
183	First Registrars	LAGOS STATE BOND 167.5 BILLION 2ND DEBT
184	First Registrars	LAGOS STATE BOND 167.5 BILLION 2ND DEBT
185	First Registrars	LEARN AFRICA PLC
186	First Registrars	LOTUS HALAL EQUITY EXCHANGE TRADED
187	First Registrars	LTD(FUND)
188	First Registrars	NIGERIA POLICE MORTGAGE BANK PLC
189	First Registrars	NIGERIAN BREWERIES PLC
190	First Registrars	NOTES BOND
191	First Registrars	NOTES BOND TRANCHE A & B
192	First Registrars	OANDO PLC
193	First Registrars	ONDO STATE GOVT BOND
194	First Registrars	OYO STATE GOVT BOND
195	First Registrars	PARTNERSHIP INVESTMENT CO.PLC
196	First Registrars	PLC
197	First Registrars	PRESCO PLC
198	First Registrars	PRESTIGE ASSURANCE PLC
199	First Registrars	PZ-CUSSONS NIGERIA PLC
200	First Registrars	RAK UNITY PETROLEUM PLC
201	First Registrars	REDEEMED GLOBAL MEDIA COMPANY
202	First Registrars	SIM CAPITAL ALLIANCE VALUE FUND
203	First Registrars	STACO INSURANCE PLC
204	First Registrars	STAFF COOP SOCIETY LTD
205	First Registrars	STANBIC IBTC BALANCED FUND
206	First Registrars	STANBIC IBTC BANK PLC FLOATING RATE&
207	First Registrars	STANBIC IBTC BOND FUND
208	First Registrars	STANBIC IBTC DOLLAR FUND
209	First Registrars	STANBIC IBTC ETF 30 FUND
210	First Registrars	STANBIC IBTC ETF 40 FUND
211	First Registrars	STANBIC IBTC ETHICAL FUND
212	First Registrars	STANBIC IBTC GUARANTEED INCOME FUND
213	First Registrars	STANBIC IBTC HOLDINGS PLC
214	First Registrars	STANBIC IBTC MONEY MARKET FUND
215	First Registrars	STANBIC IBTC NIGERIAN EQUITY FUND
216	First Registrars	STANDARD ALLIANCE INSURANCE PLC
217	First Registrars	STARCOMMS PLC
218	First Registrars	UBA FIXED RATE SUBORDINATED UNSECURED
219	First Registrars	UNION DIAGNOSTIC AND CLINICAL SERVICES
220	First Registrars	UPDC REITS
221	First Registrars	VANTAGE BALANCED FUND (INCOME &
222	First Registrars	VANTAGE GUARANTEED INCOME FUND
223	First Registrars	WEST AFRICAN ALUMINIUM PRODUCTS (WAAP)
224	First Registrars	ZAMFARA STATE BOND
225	GTL Registrars	7UP Bottling Company
226	GTL Registrars	Abplast Products
227	GTL Registrars	Aluminium Extrusion
228	GTL Registrars	Cashew Nut Processing Industry
229	GTL Registrars	Chellarams
230	GTL Registrars	Christlieb
231	GTL Registrars	Dana Group
232	GTL Registrars	DN Meyer
233	GTL Registrars	DN Tyre & Rubber
234	GTL Registrars	Ecobank
235	GTL Registrars	EKOCORP
236	GTL Registrars	Ensure Insurance
237	GTL Registrars	Eterna Oil
238	GTL Registrars	First Aluminium
239	GTL Registrars	General Telecoms
240	GTL Registrars	Global Biofeuls
241	GTL Registrars	Great Nigeria Insurance
242	GTL Registrars	GSK
243	GTL Registrars	Ikeja Hotels
244	GTL Registrars	Imprest Bakolori
245	GTL Registrars	Industrial & General Insurance
246	GTL Registrars	IPWA
247	GTL Registrars	John Holts
248	GTL Registrars	Julius Berger
249	GTL Registrars	Kajola Integrated & Investment Company
250	GTL Registrars	Lennards Nigeria
251	GTL Registrars	Mobil Oil Nigeria
252	GTL Registrars	Nestle Nigeria
253	GTL Registrars	Nigeria Cement Company
254	GTL Registrars	Nigeria Enamelware Company
255	GTL Registrars	Nigeria Reinsurance
256	GTL Registrars	Nigerian Lamps Industry
257	GTL Registrars	Nigerian Wire & Cable
258	GTL Registrars	Okitipupa Oil Palm
259	GTL Registrars	Oluwa Glass Company
260	GTL Registrars	The Tourist Company of Nigeria
261	GTL Registrars	Tripple Gee
262	GTL Registrars	UBN Property
263	GTL Registrars	Unilever
264	GTL Registrars	Union Bank
265	GTL Registrars	Union Homes REITS
266	GTL Registrars	Union Homes Savings & Loans
267	GTL Registrars	University Press
268	GTL Registrars	Wema Bank
269	Lighthouse Registrars	Cornerstone Insurance
270	MainstreetBank Registrars	African Alliance Insurance
271	MainstreetBank Registrars	Golden Guinea Breweries
272	MainstreetBank Registrars	Multiverse Resources
273	MainstreetBank Registrars	Nigerian Ropes
274	MainstreetBank Registrars	Omatek Ventures
275	MainstreetBank Registrars	Univeral Insurance
276	Meristem Registrars	AFRINVEST EQUITY FUND
277	Meristem Registrars	AIRLINE SERVICE & LOGISTICS PLC
278	Meristem Registrars	BERGER PAINTS NIG PLC
279	Meristem Registrars	CHELLARAMS BOND
280	Meristem Registrars	CONOIL PLC
281	Meristem Registrars	CONSOLIDATED HALLMARK INS. PLC
282	Meristem Registrars	COVENANT SALT NIGERIA LIMITED
283	Meristem Registrars	CUSTODIAN & ALLIED PLC
284	Meristem Registrars	EMPLOYEE ENERGY LIMITED
285	Meristem Registrars	ENERGY COMPANY OF NIGERIA PLC [ENCON]
286	Meristem Registrars	eTRANZACT INTERNATIONAL PLC
287	Meristem Registrars	FIDSON HEALTHCARE PLC
288	Meristem Registrars	FOOD CONCEPTS PLC
289	Meristem Registrars	FREE RANGE FARMS PLC
290	Meristem Registrars	FTN COCOA PROCESSORS PLC
291	Meristem Registrars	GEO-FLUIDS PLC
292	Meristem Registrars	JUBILEE LIFE MORTGAGE BANK LTD
293	Meristem Registrars	MAMA CASS RESTAURANTS LIMITED
294	Meristem Registrars	MCN DIOCESE OF REMO
295	Meristem Registrars	MCN LAGOS CENTRAL
296	Meristem Registrars	MCN TAILORING FACTORY [NIGERIA] LIMITED
297	Meristem Registrars	MULTI-TREX INTEGRATED FOODS PLC
298	Meristem Registrars	MUTUAL BENEFITS ASSURANCE PLC
299	Meristem Registrars	NASCON ALLIED INDUSTRIES PLC
300	Meristem Registrars	NASSARAWA STATE GOVT BOND
301	Meristem Registrars	NEIMETH INT’L PHARMS PLC
302	Meristem Registrars	NIGER INSURANCE PLC
303	Meristem Registrars	NIGERIA MORTGAGE REFINANCE COMPANY [NMRC] PLC
304	Meristem Registrars	NIGERIA MORTGAGE REFINANCE COMPANY PLC [NMRC] BOND
305	Meristem Registrars	ONWARD PAPER MILLS PLC
306	Meristem Registrars	PACAM BALANCED FUND
307	Meristem Registrars	PAINTS & COATINGS MANUFACTURERS NIG PLC
308	Meristem Registrars	PROPERTYGATE DEVT. & INVEST. PLC
309	Meristem Registrars	R.T. BRISCOE NIGERIA PLC
310	Meristem Registrars	REGENCY ALLIANCE INSURANCE PLC
311	Meristem Registrars	SMART PRODUCTS NIGERIA PLC
312	Meristem Registrars	SOVEREIGN TRUST INSURANCE PLC
313	Meristem Registrars	TANTALIZERS PLC
314	Meristem Registrars	THE BGL NUBIAN FUND
315	Meristem Registrars	THE BGL SAPPHIRE FUND
316	Meristem Registrars	THOMAS WYATT PLC
317	Meristem Registrars	VITAFOAM NIGERIA PLC
318	Meristem Registrars	VONO PRODUCTS PLC
319	Meristem Registrars	ZENITH EQUITY FUND
320	Meristem Registrars	ZENITH ETHICAL FUND
321	Meristem Registrars	ZENITH INCOME FUND
322	PAC Registrars	Avon Crown Caps & Con. (Nig.)
323	PAC Registrars	BEMIL Nigeria Limited
324	PAC Registrars	Capital Oil Plc.
325	PAC Registrars	Channel Petroleum Plc.
326	PAC Registrars	FUMMAN Agric. Prod. Plc
327	PAC Registrars	Heritage Bank Ltd.
328	PAC Registrars	Int’l Energy Insurance Plc.
329	PAC Registrars	Naturelle Extracts Plc.
330	PAC Registrars	PANAfrican Capital Plc.
331	PAC Registrars	Secure Electronic Tech. Plc.
332	PAC Registrars	Spring Life Assurance Plc
333	PAC Registrars	Stokvis Nigeria Plc
334	PAC Registrars	Swap Tech. & Telecoms Plc.
335	PAC Registrars	United Mortgage Plc.
336	Pace Registrars	Academy Press
337	Pace Registrars	Big Treat
338	Pace Registrars	Capital Trust Brokers
339	Pace Registrars	Continental Reinsurance
340	Pace Registrars	Goldlink Assurance
341	Pace Registrars	Japaul Oil and Maritime Service
342	Pace Registrars	OPR-Refining & Petrochemical
343	Pace Registrars	Orient Petroleum Resources
344	Pace Registrars	Sterling Bank
345	Pace Registrars	Studio Press
346	Pace Registrars	Tetrazzini
347	United Securities	Access Bank PLC
348	United Securities	Afrinvest WA Ltd
349	United Securities	AIICO Insurance PLC
350	United Securities	AIICO Money Market Fund
351	United Securities	BSS Industries Ltd
352	United Securities	Caverton Offshore Support group
353	United Securities	Dangote Cement PLC
354	United Securities	First Securities Discount House
355	United Securities	Food Emporium Int`l Limited
356	United Securities	Gombe State Government
357	United Securities	IHS Nigeria PLC
358	United Securities	MCNichols Consolidated PLC
359	United Securities	NDEP PLC
360	United Securities	NIPCO PLC
361	United Securities	Red Star Express PLC
362	United Securities	Skye Fixed Income Fund
363	United Securities	Three Point Industries Ltd
364	United Securities	Trust Bond Mortgage Bank PLC
365	United Securities	WAPIC Insurance PLC
366	Unity Registrars	AFROIL PLC
367	Unity Registrars	BGL PLC
368	Unity Registrars	CARANDA MANAGEMENT SERV. LTD
369	Unity Registrars	DVCF OIL & GAS FUND
370	Unity Registrars	DVCF OIL & GAS PLC
371	Unity Registrars	LOTUS CAPITAL HALAL FUND
372	Unity Registrars	NORTHLINK BROKERS PLC
373	Unity Registrars	PELICAN PRINTS LIMITED
374	Unity Registrars	ROKANA PLC
375	Unity Registrars	UNITY BANK PLC
376	Unity Registrars	UNITY REGISTRARS LTD
377	Unity Registrars	UNITYKAPITAL ASSURANCE PLC
378	Veritas Registrars	DANGOTE SUGAR REFINERY PLC
379	Veritas Registrars	FORTE OIL PLC
380	Veritas Registrars	GUINNESS NIG. PLC
381	Veritas Registrars	MAY & BAKER NIG. PLC
382	Veritas Registrars	ZENITH BANK PLC