₦airaland Forum

Rmichael23:
You are not alone on this, I also requested a withdrawal on Friday, they also acknowledged but I have not been paid up till now.

I think they are are overwhelmed lately.
It happened twice last week and they were scheduled for dates down the line. I sent a reminder on the second one before i got it.

PETERiCHY:
Don't mind him. he thinks it's everybody that have time for arguments, A document that shows the date and time it was downloaded from Morgan Capital.

He thinks its Ai because he doesn't believe in percentage of the profit in that portfolio...

Well this actually our 26yrs in STOCK BUSINESS and EXACTLY 10yrs we started building that particular LONG TERM PORTFOLIO with Morgan Capital


BARGAIN HUNTERS TAKE NOTE!

20 companies... Look at me looking for ways to consolidate my portfolio and reduce my long term list.

ehay:
Good day all,

Just found out I have two CHN with two different brokers. Both CHN's were opened with different surnames due to marriage. Please do I operating them separately or do I merge them into one? Also will merging them affect the stocks due to different surnames.

For now, operate them separately. If you find a convenient point to migrate, sell the ones on your old name, and re-enter on the new one CHN.

Thewrath:
We are getting there,we need 10k troops before 2027 elections too.

You don't want to hold the election be that.

Whatever you do, be careful with halo. I made a small deposit last year to test their platform. No progress, no returns. I can't even withdraw on the app, funds I deposited on the app.

welzyj2:
Did you create your account via the app. Looking to create an account also.

EquityM:
How is your experience with Halo? Are they reliable and safe?

Please stay away from HALO. They are the worst investment app/platform I've ever tried in the country.

So you pay taxes on losses?

Streetinvestor2:
I just needed all my gains of many yrs to be in the bag.Infact many pumping go happen in December before 31 by big guys in the market to reset thr portfolio.
Look at it this way.If u push the price so high and next yr it drops small.Na loss u go even declare for CGT. I expect better bull in December

EquityM:
I actually prefer 50%. I just hope Cardinal will be able to make it this year. The CSOF of Cardinal, which has a minimum capital of 100m, is already at 20+%. I can't quite understand what stocks made the CSOF skyrocket.

You can check online, you will find the movers and shakers in their EMF portfolio. Most EMF pick 3 to 5 stocks on the premium board and a good number in the top 30 of the EQUITY board. Some even check it to decide what they can invest in directly. Another way is to check the ETFs they run. It can give you hints on their portfolio.

EquityM:
How is the equity trading? Does it deliver good returns?

Last year the ASI delivered around 51%. A couple of EMF beat it, while some were below it. "Good returns" is generic. Some are fine with 15% returns; for some, it has to be above 50%. It depends on individuals. For me, it has to beat the prevailing inflation or bank lending rate and give me 5-8% on top of it. So, you have to define what your good return is.

To your question, the returns on EMF have been impressive.

Spot on. These days you can't even start any transaction until your KYC is complete.

Arizona86:
I have used them before, you need to ensure your KYC is approved before investing with them. Most of those complaints are people whose kyc is pending approval and they want to withdraw their funds.
They also have a policy of 24 to 48 working hours before your fund drops in your wallet when you sell your investment but once the money is available in your wallet withdrawal takes some few minutes to transfer to your bank

EquityM:
The review I am seeing on Afrinvest is not worth trying.

I've used for years and no issues. Portals and apps may have glitches but it doesn't make a house like afrinvest a bad one.
For me, the are one of the powerhouses in the capital market.

nicestlady:
Any thoughts on the MCO Penny ltd savings? It promises 26% interest per annum with upfront interest payment. How safe is it? Anyone invested before?

Spiritual monkey hunting.

awesomeJ:
Chairman of Atlass has also resigned.
The MD resigned last week, what's happening o

This may pose as a concern but the risk to investors using them is negligible.

EquityM:
I will get back to you with the answers tomorrow. CSCS and CHN are mainly for buying stocks. Once you register with CardinalStone, the CSCS and CHN are assigned to you automatically. I will get back to you with a link to see all the stocks in the equity fund. Registrar, you don't have to click the link.

CSCS and CHN are also useful when you buy FGN Bonds. They are your capital market IDs.

EquityM:
Stock trading requires a lot of skills and patience. I will stick to equity for now. Getting a dividend from the registrar is a pain in the ass, including NIBSS.

May be in the past. dividends are now paid directly to your bank account. All you need is to fill an e-mandate form ONCE and you are good.
Some registrars have even made it easier. They have apps where you submit your details and they will hand it from there.

EquityM:
I just started three months ago; I'm still learning and getting new information on equity daily. How is your experience with the equity trading? Does it pay better than investing in individual stocks?

From my experience, individual stock will give you greater gain/loss than equity within a period. The gain or loss now depends on what you invested in. Remember: equity is more like an average of the portfolio (stocks in it).
I use it as my conservative base, while individual stocks are my aggressive side for capital appreciation and dividend play.

Except you have access to highly classified info, a day's movement is not enough to say the investment is bad or good in equity. That is if you know what you were going into as at the time you invested. The equity market in Nigeria is safe. the market can only +10 or -10 in a day. Unlike advanced markets where anything is possible.

Same applies to EMF, EMF is even slower to respond because it is not just 1 stocks.

Care4:
Meanwhile, Top Equity Funds in Nigeria (2025)
1. Halo Equity Fund
Frequently the top performer in the equity fund category in 2025.
Reported some of the highest YtD returns (e.g., ~53.5% as of October).
High-growth, high-volatility fund: best suited for investors with a strong risk appetite.

2. Afrinvest Equity Fund
Also among the leading performers in 2025 with strong YtD gains (~53.5% as of October).
Offers diversified exposure across large- and mid-cap Nigerian equities.

3. Guaranty Trust Equity Income Fund (GT Equity Income)
Consistently among the better performers with solid returns (~56% in earlier H1 data).
Focuses on dividend-paying and blue-chip stocks — good for investors seeking both income and growth.

4. Zrosk Magna Equity Fund
Ranked highly in performance lists with double-digit YtD returns (~42%).
A more aggressive equity fund aimed at experienced investors.

5. Paramount Equity Fund
A long-established Nigerian equity fund with solid performance (~40%+ YtD).
Known for diversification and capital appreciation over the long term.

6. Stanbic IBTC Aggressive Fund / Nigerian Equity Funds
Well-established funds from a reputable manager showing noteworthy equity exposure and returns.


Sources: Nairametrics & Finance in Africa

I have tried 3 of the above and looking at including a 4th one. All depends on Q1 2026 results.


But for now, I'm taking positions for direct equity ahead of the dividend season.

Meanwhile, Top Equity Funds in Nigeria (2025)... THIS LIST IS NOT A RECOMMENDATION.

1. Halo Equity Fund
Frequently the top performer in the equity fund category in 2025.
Reported some of the highest YtD returns (e.g., ~53.5% as of October).
High-growth, high-volatility fund: best suited for investors with a strong risk appetite.

2. Afrinvest Equity Fund
Also among the leading performers in 2025 with strong YtD gains (~53.5% as of October).
Offers diversified exposure across large- and mid-cap Nigerian equities.

3. Guaranty Trust Equity Income Fund (GT Equity Income)
Consistently among the better performers with solid returns (~56% in earlier H1 data).
Focuses on dividend-paying and blue-chip stocks — good for investors seeking both income and growth.

4. Zrosk Magna Equity Fund
Ranked highly in performance lists with double-digit YtD returns (~42%).
A more aggressive equity fund aimed at experienced investors.

5. Paramount Equity Fund
A long-established Nigerian equity fund with solid performance (~40%+ YtD).
Known for diversification and capital appreciation over the long term.

6. Stanbic IBTC Aggressive Fund / Nigerian Equity Funds
Well-established funds from a reputable manager showing noteworthy equity exposure and returns.


Sources: Nairametrics & Finance in Africa

Looks like we are on a cardinal thread.

Donbrig:
I once invested in equity and I lost everything in few weeks, and swore never again... I felt so bad and was inspired to write a book on "The Iniquities Of Equity"


If your body nor full, abeg nor put body Ohh.

There is direct equity investment - trading shares/stocks; there are exchange traded funds (ETF) on the stocks exchange and also, the Equity Market Fund (EMF) in the capital market, know the difference.

chimex38:
Take a case of water. The most important life element on earth.

I learnt wike inaugurated water supply projects in parts of Abuja few months ago.
I thought capital city already had connected water supply?
With bloated house rentage and ownership costs
So it's all individual boreholes running the capital city?
with maintenance costs if at all they are ever maintained.

How much more unsafe water in other areas and states in Nigeria.

A business that depends on water, rather than just pay service fees and get outsourced pipe-connected to its business via FG or sub-national clean and well maintained water infrastructure agency will have to now own boreholes, buy more land spaces, build tanks, etc change filters amongst other maintenance costs from time to time.
The point is, the long term effect of this potential developmental growth and exciting days ahead for the country will be extremely and extremely long even for long term holders.

Public water supply is limited to the earlier developments around the city centre.New developments, are on their own.Developers charge new homers a fortune as development/infrastructure fees yet don't deliver any utility.

mastermaestro:
Since he had a guest (the first lady) who ceremonially in the Nigerian political context is more powerful than him, he should have exercised some decorum. He should have been wiser. On the part of the first lady, she should have tolerated him there and kept the caution for later.

Both of them acted badly, my conclusion.

Seriously? In which of our laws or constitution is her position recognised?
A first lady should learn to be a lady. Especially when she's a guest.

Blackdisciple:
Sure they do

List 5 Arab countries with an open door policy for muslim refugees

franchasofficia:
Hehe, our Gen Z Horsebands will not like this oh, nlfpmod come and see what am saw

How many Gen Z girls are ready to stay at home and mind their business?

Every adult should be profitably employed and take care of bills. Depending on your incomes, both should find a reasonable way to contribute to the family. For the man in marriage, yes, you have to help at home. Both of you have to come with your 100%; not 50-50.

Blackdisciple:
Omoh SA don enter one chance, how sure is Ramaphosa that there's no Hamaz collaborators among them, how sure are they that there's no disguised Hamaz fighters among them.

These thing South Africa just did I hope it will not back fire later, I hope the children children will not fight South Africans claiming SA is their land.

Some of them will not be able to stay in SA they will rather move upward into Libya.

Why is other Arab countries not wanting to to take in Palestinian refugees..?
Why...??

No Arab country welcomes them. They know their history.

I hope SA is ready for what is about to follow... These guys will fight the locals and demand that their rights be respected. They'd demand things they could not afford in their home state they ran away from. SA, learn from Europe.

HgAkpobomeEr:
The soldier should have been more civil in his approach.

How more?
Did the minister behave in a manner fitting of his position? Why is he even the one going out to enforce an order? He has departments and agencies under him.

KarlTom:
New and experienced...

New to Nigerian market, experienced in the US market. Both are possible.

Geist:
Not sure what else to do. I'm attempting to move my old account from Harmony Security ltd over to morgan capital. I have filled all relevant inter-member transfer forms and I'm told Harmony Securities is refusing to respond to the transfer request by Morgan Capital. Mind you I never really opened an account with Harmony Security. My account was opened with Vision Trust Investment ltd which I'm learning was suspended by SEC. How my account moved over to Harmony Security is unkown to me.

What can I do to reclaim my account? I have asked for KYC update from Harmony Security and nothing was done on that too.

Ps. I have escalated this issue to SEC over a week ago and even had to followup on whatsapp for my mail to be forwarded to appropraite department.

That's a terrible thing by Harmony. Follow up directly with them and involve SEC and their association.

Otherwise, liquidate your asset with them, and withdrawn your balance to zero.

Streetinvestor2:
My school fees analysis target price is #5.How anybody take understand my post is at his own risk

Nobody is going to sell any time soon. my ASO is over 10 years in the cooler. Written it off. So, we ride it till it gets soft.