ojesymsym:
I was almost beginning to believe that the dependency on oil will really end or reduce soon until this Russia Ukraine war started then I realized that the west is still very far from heavy reliance on fossil fuel. Even if they remove the vehicular need, there are many other areas that guzzle fossil fuel.

Cyberknight:


Fossil fuels are still far from dead.
The so-called alternative fuel for motor vehicles - electricity or hydrogen - still require fossil fuels to generate in most cases.
Solar and wind, with current technologies, do not form an appreciable part of most countries' energy mix. The UK for instance has gone far with wind, but on a good windy day it doesnt go much beyond 30% of generation. Still burning plenty of gas, many European countries are still burning coal, even.

Hence Putin's shakara.

XiaoLi:
Xiaoli, I dey Kampe

Akerewe:
Good day house, pls I bought this below FGN BOND this January and intend to sell it off now to use d money urgently. Like how much should I b expecting after d liquidation.

2028 Feb FGN BOND
I bought 1.5m nd I collected this February coupon

Akerewe:
Good day house, pls I bought this below FGN BOND this January and intend to sell it off now to use d money urgently. Like how much should I b expecting after d liquidation.

2028 Feb FGN BOND
I bought 1.5m nd I collected this February coupon
....

emmanuelewumi:



You didn't tell us the units bought.


You bought in January and you are planning to sell in April. Why, you should have just bought a 90 day Treasury Bill or Money Market Fund

Akerewe:

Yes u r right OGA EMMA, I intend to borrow some money from WEMAALAT OR SOME OTHER FINANCIAL INSTITUTIONS but 5hey r not ready to gv out loan hence, d LIQUIDATION. Thanks always Oga Emma, see the attached picture for all the details
1,218units

emmanuelewumi:



Do you have shares and bonds? If yes, try


Meristem Finance

Orange One Finance

United capital

Multiply 1218 by the current price of the bond and calculate the coupon from the last payment date till now, you will have an idea of what to get

Akerewe:
Oga Emmanuelewumi God bless U immensely sir. The meristem pple called me nd I made reference to you and the guy promised to call me back on Monday to start the process. Pls sir, hope my bond is safe 100% with them since am not familiar with their authenticity.

emmanuelewumi:



Haba your investment is safe.


But to access a loan you have to move your Investments to Meristem.

How much are you looking at and what is the duration?

Allboiz:
It seems I'm the only one using UC Plc here. Their platform (investnow) has been down for some days now

Akerewe:



Of course I will move it, I will follow up with d guy on Monday but I just want to be sure dey are good to deal with because I deal only with Stanbic and am hearing about meristem for the first time and moreover, will Stanbic agree to release my stock to them on time nd how fast is the transfer of stocks.
Although I saw them among the NSE & D.M.O regulated broaker but I just want to b sure they are 100% legit.

Am looking at 2.5m for 12 months for urgent property acquisition.

Allboiz:
It seems I'm the only one using UC Plc here. Their platform (investnow) has been down for some days now

emmanuelewumi:


It has been down since Wednesday, I think it should be resolved by Monday.


I tried to redeem my fund since 3am on Wednesday morning all to no avail.

It was my fund at FSDH Asset Management that came to the rescue on Friday evening

highcurrent:
Sir, do one has to email them on the reinvestment of interest in their MMF? I thought it is automated...

freeman67:


You are not alone..I use UCap too. Very true it has been down and event their website is displaying that it is under maintenance. I don't know why they didn't inform their customers about it. Not good....

emmanuelewumi:



Moving your investment will take about 2 weeks, your loan application would be approved within 72 hours.


I will advise you should have more than one Stockbroking accounts.


I use Stanbic IBTC Stockbroker, Meristem Securities, Investment One and FSDH Capital.


I actually moved my United Capital Stockbroking account to Meristem Securities.

You N2.5 million loan will fly provided your collateral is at least 150% of the value of the loan ie N3.75 million

emmanuelewumi:



You have to request for it to be reinvested

freeman67:


You are not alone..I use UCap too. Very true it has been down and event their website is displaying that it is under maintenance. I don't know why they didn't inform their customers about it. Not good....

Allboiz:


Please who bear charges when you're withdraw from your Eurobond account?

freeman67:


I have not withdrawn from it before so I can't say exactly but as it is with banks and investment houses, charges where available are most times borne by customers.

highcurrent:
Alright. Thanks

emmanuelewumi:



Moving your investment will take about 2 weeks, your loan application would be approved within 72 hours.


I will advise you should have more than one Stockbroking accounts.


I use Stanbic IBTC Stockbroker, Meristem Securities, Investment One and FSDH Capital.


I actually moved my United Capital Stockbroking account to Meristem Securities.

You N2.5 million loan will fly provided your collateral is at least 150% of the value of the loan ie N3.75 million

Akerewe:



Ogs Emma, weldone sir, pls I need insight on the modes of calculating their interest @ meristem. Like how much should I b looking at paying as interest on 2.5m per annum?