Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad

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Author Topic: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad  (Read 18048 views)
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #416 on: March 12, 2008, 11:52 AM »

What are the best rates to call Naija?

Folks,

What are the best rates to call Nigeria from the US. I currently use an on-line calling card from phoneshark.com which is programmed to my home and cell phones so I do not enter a pin when I call from either number. I also like the convenience of top-ups on-line. They claim 9.5 cents to Lagos and 14.1 cents to cellphones.

Occasionally, I call from my Vonage phone. I do not like the phone cards from stores, most of them are rip-offs around here.

Anyone with a better rate to Naija?
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #417 on: March 14, 2008, 03:20 AM »

.
uknig18
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #418 on: March 15, 2008, 10:48 PM »

[sup][/sup]Yes they did. I really do like like them. In a recent offer I did through them I filled the form wrongly and they corrected it for me and processed it. I only found out when my statement came. Its nice to know they go over the forms and check that all the i are dotted and t's crossed.[sub][/sub]

@ETIN,

I had a look at Citi Investment Cap website and the account opening forms. I live in the uk, and I am just wondering if I should use UK addresses or Nigeria addresses in filling the forms. What sort of ID(s) would they require for opening an account. Thanks for your anticipated response.
uknig18
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #419 on: March 15, 2008, 11:06 PM »

Quote
They accept scanned copies of the forms. I completed everything in hard copy and then scanned it to them. I have the hard copy for my records. I hope you decide on a broker soon. It seems returned money on oversubscribed public offers are refunded first to brokers and all of the masses without a broker has to fight to get their cheque , 


Quote from: Obalende on February 03, 2008, 07:36 PM
@Etin
does citi invest accept digital passport photos?


Yes they did. I really do like like them. In a recent offer I did through them I filled the form wrongly and they corrected it for me and processed it. I only found out when my statement came. Its nice to know they go over the forms and check that all the i are dotted and t's crossed.

@ETIN,

I had a look at Citi Investment Cap website and the account opening forms. I live in the uk, and I am just wondering if I should use UK addresses or Nigeria addresses in filling the forms. What sort of ID(s) would they require for opening an account. Thanks for your anticipated response.

Etin (f)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #420 on: March 16, 2008, 05:06 PM »

Quote from: uknig18 on March 15, 2008, 11:06 PM
@ETIN,

I had a look at Citi Investment Cap website and the account opening forms. I live in the uk, and I am just wondering if I should use UK addresses or Nigeria addresses in filling the forms. What sort of ID(s) would they require for opening an account. Thanks for your anticipated response.



@ uknig18

The answer to your question is 'Yes' I have used my UK address and UK mobile for Citi Invest  as well as CSCS Trade alert. Hope this helps.
X-2-X (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #421 on: March 16, 2008, 05:50 PM »

@Etin

Does that not mean your div warrants etc will be sent to the UK? It that what you want?
Etin (f)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #422 on: March 16, 2008, 06:43 PM »

Quote from: X-2-X on March 16, 2008, 05:50 PM
@Etin

Does that not mean your div warrants etc will be sent to the UK? It that what you want?

No, I have a Diamond Reach Account (Non Resident Bank Account in Nigeria) to which I have arranged for such things to be paid. I would just have to wait and see how that works. I have not had any payments yet.
X-2-X (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #423 on: March 16, 2008, 10:18 PM »

Quote from: NBA on March 12, 2008, 11:52 AM
What are the best rates to call Naija?

Folks,

What are the best rates to call Nigeria from the US. I currently use an on-line calling card from phoneshark.com which is programmed to my home and cell phones so I do not enter a pin when I call from either number. I also like the convenience of top-ups on-line. They claim 9.5 cents to Lagos and 14.1 cents to cellphones.

Occasionally, I call from my Vonage phone. I do not like the phone cards from stores, most of them are rip-offs around here.

Anyone with a better rate to Naija?


I use Lebara from the UK. costs 10p per minute to call Nigeria. Good thing is that it comes in form of a sim card and u get to dial direct from your phone without entering any code etc

I know Lebara is also available in some othe EU countries but I don't know about the US


X-2-X (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #424 on: March 16, 2008, 10:56 PM »

@Etin and other Diamond Reach users

I see that Diamond Reach Account (DRA) has a Foreign Currency and Naira account. A so-called 2-in-1 account.

When you fund your DRA, is it possible to specify into which of these accounts (foriegn vs Naira)
the funds get domiciled? Or do the two accounts (foreign currency vs Naira) refer to the common DRA account balance, quoted in the appropriate currency ?


Secondly, you talked about the possibility of doing transfers to third party accounts - say in Zenith, GTB etc. What charges apply in these circumstances?

Finally, the cheque book(s) you received (or expect), are they denominated in £, $ or =N= ? BTW, It appears the DRA account opening online form is currently unavailable?

Many thanks. 


@Thread
I see NBA has made it a duty to recommend Vetiva. Those guys really rock. Professionalism par excellence. Been with them since November 07 without any regrets whatsoever. Highly recommended.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #425 on: March 17, 2008, 12:51 AM »

Quote from: X-2-X on March 16, 2008, 10:18 PM

I use Lebara from the UK. costs 10p per minute to call Nigeria. Good thing is that it comes in form of a sim card and u get to dial direct from your phone without entering any code etc

I know Lebara is also available in some othe EU countries but I don't know about the US



@X-2-X,
Thanks for the Lebara tip. I checked it out but they only cover Europe. I will use when in London.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #426 on: March 17, 2008, 01:43 AM »

@All,

If you trust your broker, I suggest you use their address as your mailing address for everything. It makes life a lot easier and works great. I have experienced both situations - using my brokers address versus using my US address.
MrPresidnt
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #427 on: March 17, 2008, 01:41 PM »

Hello House,

I run a firm in the UK called Structured Consulting. In Summer of 2008, we are planning to run a series of educative seminars on "Investing in the Nigerian Stockmarket" in major UK cities, i.e; London, Manchester, Birmingham and Glasgow. As a result, we need about 4 well qualified speakers from Nigeria who have deep understanding of the Nigerian StockMarket. The speakers should:

Preferably be a stock broker
Excellent Communication skills
Good spoken english
Ability to teach
Charismatic
Excellent track record in stock trading
Posses a valid UK Multiple visa
Among other things,

In return, Structured Consulting offers:
A very good pay deal
Hotel accomodation sorted for the period
A car and a driver attached throughout stay
Return Ticket provided

If you have the above qualities or you know someone who does, please contact me on kola.oyeneyin@yahoo.com to arrange for a telephone conference.

Deadline: 31st March 2008

Thank you
X-2-X (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #428 on: March 17, 2008, 08:12 PM »

Quote from: eniyanman on March 16, 2008, 11:44 PM
If you pay in Naira, it goes into the Naira account, otherwise it goes into the £, $, or € account. You can transfer funds online from your foreign-denominated account to the naira account. The 2 accounts are linked.

Third-party inter-bank transfers cost N2000 + 1% of sum transferred. You need to send a payment mandate to your account officer to effect this as it not yet possible to do this online.

The cheque book I received was not denominated in Naira (which I found rather strange).

Hope it helps.

Many thanks!
Etin (f)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #429 on: March 18, 2008, 12:59 AM »

@ NBA et al

Happy Easter. For those of us  in UK, you may want to try Safari Talk its a £5.00 card that sells for £2.50 and you get 55 minutes upwards on each card depending on the network you are calling.

@X-2-X

Thanks for the information on Lebara sim. I will  find it very handy for making private calls to Nigeria while at work. It a lot better than using a card with the office landline. Regarding the Diamond Reach Account,  eniyanman  has answered your question perfectly.

@eniyanman
Quote
The cheque book I received was not denominated in Naira (which I found rather strange).
I felt the same way too. In fact I actually requested one and was told they would look into it. I later realised that the naira account was a savings account which traditionally does not have a cheque book. I must say a naira cheque book is more useful to me than the foreign currency one.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #430 on: March 18, 2008, 04:37 AM »

@Etin,
Happy Easter O!

I still can't think of a single use of the Diamond Reach dollar checkbook either.
BigBashiru
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #431 on: March 18, 2008, 11:38 PM »

Hi All!

I am quite new to this forum and I must say its very fantastic!

I just have a few questions about UBA (as I will be going with them for now):

* If I open current, savings and broking accounts, I want to initially fund the current account by way of relative paying naira into the account. Personally I think, UBARemit, no matter how convenient is a rip-off if you are transferring very large sums of foreign. Will they allow opening the account if I will fully fund it this method (relative paying in naira)- or remit part account funding by this method. UBARemit rates are poor.

* When using NRN services, can I speed-post non-UBA cheque to the relationship officer from UK to forward to the brokers. I wont be suprised if they say you can't, in that case will it be possible to send the non-UBA cheque directly to UBA stock brokers? Why must they force people to use their current accounts and is there anyway around this.

* Stock broking profits can be paid into non-UBA account while using NRN services I am supposing?

Etin (f)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #432 on: March 19, 2008, 12:15 AM »

@NBA

When I come up with a good way to use your dollar cheque book in Nigeria, I 'll gladly let you know. How is your friend Obama. I have not really paid any attention so was pleasantly suprised to findout he was so eloquent - thank to your link. I really wonder if he can win?

Back to Diamond. Have you got your PIN for your debit card? I was told I would get it on Friday the 14th of March 2008??? still waiting
Prince11 (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #433 on: March 19, 2008, 12:30 AM »

Posted by: BigBashiru 
Insert Quote
Hi All!

I am quite new to this forum and I must say its very fantastic!

I just have a few questions about UBA (as I will be going with them for now):

* If I open current, savings and broking accounts, I want to initially fund the current account by way of relative paying naira into the account. Personally I think, UBARemit, no matter how convenient is a rip-off if you are transferring very large sums of foreign. Will they allow opening the account if I will fully fund it this method (relative paying in naira)- or remit part account funding by this method. , answer is YES, that is how I have funded my account so far with them UBARemit rates are poor.

* When using NRN services, can I speed-post non-UBA cheque to the relationship officer from UK to forward to the brokers. I wont be suprised if they say you can't, in that case will it be possible to send the non-UBA cheque directly to UBA stock brokers? Why must they force people to use their current accounts and is there anyway around this, If you check previous postings there is a way round funding your brokerage account without using the current account, just check
* Stock broking profits can be paid into non-UBA account while using NRN services I am supposing?, again Yes, ask them to pay it into your savings account  and them you can move it out anyhow,
 
einnew
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #434 on: March 19, 2008, 02:24 PM »

Hi

Just want to check if anyone heard of VINARD LOANS  FINANCIAL SERVICES and FOX PETERSON LENDING AGENCY. These both companies come from Nigeria.

thanks
Man Jiro (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #435 on: March 19, 2008, 04:10 PM »

Quote from: Prince11 on March 19, 2008, 12:30 AM
Posted by: BigBashiru 
Insert Quote
Hi All!

I am quite new to this forum and I must say its very fantastic!

I just have a few questions about UBA (as I will be going with them for now):

* If I open current, savings and broking accounts, I want to initially fund the current account by way of relative paying naira into the account. Personally I think, UBARemit, no matter how convenient is a rip-off if you are transferring very large sums of foreign. Will they allow opening the account if I will fully fund it this method (relative paying in naira)- or remit part account funding by this method. , answer is YES, that is how I have funded my account so far with them UBARemit rates are poor.

* When using NRN services, can I speed-post non-UBA cheque to the relationship officer from UK to forward to the brokers. I wont be suprised if they say you can't, in that case will it be possible to send the non-UBA cheque directly to UBA stock brokers? Why must they force people to use their current accounts and is there anyway around this, If you check previous postings there is a way round funding your brokerage account without using the current account, just check
* Stock broking profits can be paid into non-UBA account while using NRN services I am supposing?, again Yes, ask them to pay it into your savings account  and them you can move it out anyhow,
 


Request for UBA Stockbrokers Client Account Number: I pay directly to them but just inform my relationship manager to confirm it. I would say that the service is improving. The key is placing your orders before the stock goes on full bid: not too easy to judge.  You might buy 1-5% more expensive though
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #436 on: March 19, 2008, 08:51 PM »

Quote from: Etin on March 19, 2008, 12:15 AM
@NBA

When I come up with a good way to use your dollar cheque book in Nigeria, I 'll gladly let you know. How is your friend Obama. I have not really paid any attention so was pleasantly suprised to findout he was so eloquent - thank to your link. I really wonder if he can win?

Back to Diamond. Have you got your PIN for your debit card? I was told I would get it on Friday the 14th of March 2008??? still waiting

@Etin,

Per obama, win or loose he has represented very well. It will be interesting to see what happens.

No, I did not get my pin yet but it was nice to get the card as I wasn't expecting one. BTW, did you get a Naira checkbook eventually? I recal you or maybe it was someone else on the thread, requested one.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #437 on: March 19, 2008, 08:53 PM »

Quote from: Man Jiro on March 19, 2008, 04:10 PM
Request for UBA Stockbrokers Client Account Number: I pay directly to them but just inform my relationship manager to confirm it. I would say that the service is improving. The key is placing your orders before the stock goes on full bid: not too easy to judge. You might buy 1-5% more expensive though
@Man Jiro,
Good to know, maybe I will fund the account I opened.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #438 on: March 19, 2008, 08:55 PM »

Quote from: einnew on March 19, 2008, 02:24 PM
Hi

Just want to check if anyone heard of VINARD LOANS FINANCIAL SERVICES and FOX PETERSON LENDING AGENCY. These both companies come from Nigeria.

thanks


Nope, where are they based?
einnew
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #439 on: March 20, 2008, 02:47 AM »

Hi,

I have received emails from them regarding loans and i was wondering if they are scams.One of them quoted me this address so just want to check if anyone of you heard of this company.
VINARD LOANS  FINANCIAL SERVICES
Contact: 34,Turaki Avenue,kaduna,Nigeria
Tel:+2348078952871
X-2-X (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #440 on: March 22, 2008, 09:23 PM »

My People:

Here is wishing you a joyous, peaceful and refreshing Easter.

Kip on rocking!
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #441 on: March 26, 2008, 04:00 PM »

This is a must see for us Nigerians - http://youtube.com/watch?v=O2Y_njZ9Dg8&feature=related

Mike Wallace tried to frame Nigeria as the most corrupt nation in the world and got an earful from Farrakhan. The way he even phrased the question was infuriating. What an @$$ #0!^   
Etin (f)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #442 on: March 28, 2008, 01:02 AM »

@NBA, ManJiro, et al

Finally got my Diamond Reach ATM Card PIN. Also finally opened an NRN with UBA. Frankly I wasnt impressed I had to keep sending emails to find out if the account had been openned and finally called Nigeria a week after before an email was sent to me with the account details. I am burnt out I really don't have the strenght to run the account now.

tired Etin
vikai
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #443 on: March 28, 2008, 12:13 PM »

Ponders for those who will like a stock broking account with the esteemed Vetiva:-


Please find below details of the service level you have specified:                                                               

CATEGORY 1: Vetiva Stock Broking Account – (Minimum Deposit – N2.5million/$20,000)

•   As a Client, you will exercise full discretion in the Management of your Portfolio;
•   Investment activities shall be carried out on client portfolios in accordance with strict instructions obtained from the client and Vetiva shall not initiate any investment activities on behalf of StockBroking clients;
•   Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out);
•   Monthly Online statements will be available to Clients on login to their accounts.

Please note that we would require the following documents from your good self in order to forward you our Account Opening Documents:
•   A copy of your Driver's License/any other Governmental ID;
•   Data page of your international passport
•   A copy of any utility bill (for proof of residence);
•   Letter from your Bank and employer


NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #444 on: March 28, 2008, 07:33 PM »

Quote from: vikai on March 28, 2008, 12:13 PM
Ponders for those who will like a stock broking account with the esteemed Vetiva:-


Please find below details of the service level you have specified:

CATEGORY 1: Vetiva Stock Broking Account – (Minimum Deposit – N2.5million/$20,000)

•   As a Client, you will exercise full discretion in the Management of your Portfolio;
•   Investment activities shall be carried out on client portfolios in accordance with strict instructions obtained from the client and Vetiva shall not initiate any investment activities on behalf of StockBroking clients;
•   Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out);
•   Monthly Online statements will be available to Clients on login to their accounts.

Please note that we would require the following documents from your good self in order to forward you our Account Opening Documents:
•   A copy of your Driver's License/any other Governmental ID;
•   Data page of your international passport
•   A copy of any utility bill (for proof of residence);
•   Letter from your Bank and employer

@Vikai
Thanks for the heads-up!

Yup, it was only a question of time for the minimum deposit to go up!
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #445 on: March 28, 2008, 07:35 PM »

Folks,

If you were following the Stockmarket thread - Stockmarket tips for Nigerians, send an email to: omoba3 @ hotmail.co. uk for the latest.
NBA (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #446 on: March 28, 2008, 07:42 PM »

Found the following posted by diferent peeps:

Quote from: Ijogbon on Today at 01:56:55 PM
I just thot i'ld share this with everyone who is not in Naij and wants to hear news and hear happenings/music/trends etc,

www.coolfm.us

it streams live transmission,

==================================================
author=faketan link=topic=274.msg1249#msg1249 date=1206727761]
see another link for nigeria radio stations.

Live streaming. 5 stations. choose depending on what you want.

They are really good.

http://www.radionigeriaonline.com/rnplayer/index.html


==================================================

author=Naijadr link=topic=274.msg1251#msg1251 date=1206728007]
for those live in the US, u can register for free here at

http://jumptv.com

and watch naija tv for free LIVE, NTA Intl, Silverbird, Channels, Lagos TV, and watch the news and all. Its only free for those who live in the US though!! For example, NTA 9pm news will be coming on at 4pm EST, so yup live
wise_1 (m)
Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad
« #447 on: March 28, 2008, 09:06 PM »

I like this thread so I am going to link to it form my site. http://www.business-travel-nigeria.com/nigeria-banks.html -
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