₦airaland Forum

Preator:
You do realize that you should be more afraid of UBA collapsing? Stanbic doesn't hold your funds per SEC rules. The money is with UBA as custodian. And neither stanbic bank nor the group will cover the loss should UBA go under.

Preator:
You do realize that you should be more afraid of UBA collapsing? Stanbic doesn't hold your funds per SEC rules. The money is with UBA as custodian. And neither stanbic bank nor the group will cover the loss should UBA go under.

This is purely hypothetical anyway since most of the money with UBA also are either already used to purchase government securities or placement with other banks. So lots of risk points along the line.

If you really want to rely on stanbic strength, find a asset manager that use them as custodian. Then you be sure they will "never" go under.

Thats how the markets works.

Harddiskng:
I never mentioned anything about bankruptcy, I was going on about the deplorable state of their services in recent time, which you also agreed with.

Do i think it’s a solid business, yes but at your bolded is a lie, nothing hate more than lies. In this case it seem your lie is a product of your ignorance. There is nothing “Too Big To Fail”. Bigger and better companies than Stanbic IBTc in 1st world countries have go bankrupt if you don’t know

No company is immortal. Standard Oil was broken up by the law; the East India Company (once the most powerful entity on Earth) was dissolved by the British Crown. While the "Big Tech" giants of today seem untouchable, history suggests that eventually, every giant either evolves, gets broken up, or fades away.

*******************************

If you are reading diverse your funds between atleast 3 or 4 MMF operators.

megawealth01:
Ir*n leade* don go to the land of no return ...

He didn't know President T no get joy

megawealth01:
Political calculations...
OANDO PLC countdown

If OANDO gets to #75... Will the RIGHT still be #50?

Iamblessed8888:
Chimex38 i didn’t even know Stanbic gave birth to Standard chartered, another solid bank. Nawa, no wonder they still collaborate on some things like wallet, etc.

If you notice, both standard chartered and Stanbic are miles ahead of any purely Nigerian owned bank in terms of operational efficiency. Infact they are the only 2 banks whose app can rival that of fintechs. The fintechs are scared of them

Stanchart does MMF too but those ones no send Nigerian Money Market. You need to be a finance guru to understand their MMF lol

Creditalerts:
To whom it may concern take note

Harddiskng:
At the bolded. It is either you are a marketer or you are not living on earth with the rest of us

This week that just passed using Stanbic bank was a nation wide struggle. Even functions for other arms of their business wasn’t working sub-optimal or not even working at all.

I have been using Stanbic services for over 10 years now and can tell you confidently that in recent times their service are deteriorating faster than a rotten tomatoes

Creditalerts:
Stanbic this Stanbic that 🥱🥱🥱please tell their fund managers to do better if not I'm not coming back sing the sermon elsewhere or u go sing am tire 🤣🤣🤣🤣 trustbanc, STL ,FIRSTALLY ,norrenberger are doing just fine now 👍🏾

Creditalerts:
They lack financial wisdom, they don't know that even stanbic/GTB and others are not immune to bankruptcy but Nigeria financial monitoring policies is an eagle eye on our financial system in Nigeria,that was how they said opay will collapse till today opay and other fintechs are even doing better 🤣 you guy should stop all this your myopic reasoning .Nigeria is moving forward ✌🏾🤑🤑

ositadima1:
That is logical nah.

I had some funds sitting with Morgan for more than two months because I was busy at the time. That money did not generate a single kobo in interest, whereas my FCMB account would have earned over 1% interest by the end of the month.

ositadima1:
Lol, custody of what? Have you not been hearing all the discussions about CSCS domiciling your shares? The only thing they actually hold for you is the cash in your account waiting to be deployed, or the proceeds from your sales. Honestly, they should even be paying you interest, since that money generates interest for them.

Mankind2024:
I heard a beer parlour rumour yesterday while in Kuje that Nigerian stockbrokers are proposing a custody fee for holding clients' assets on their platforms.
May this never be approved by the SEC!
It would add yet another layer of costs for retail investors already dealing with brokerage commissions, NGX/CSCS/SEC fees, stamp duty, etc.
Most reputable brokers in Nigeria don't currently charge ongoing custody or account maintenance fees for standard retail accounts. Introducing this could discourage long-term holding and hurt market participation.
Anyone else hearing this, or is it just talk?

PETERiCHY:
About 70% of my STOCK PORTFOLIO is in CASH POSITION.

PETERiCHY:
Even THOSE of you HOLDING Naira is on a very long thing USD will soon hot #2500 VENEZUELA loading........!


BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
This a soft reminder 🎗️ for newbie to know where the market and Naira is heading to
VENEZUELA LOADING.......
SAVE YOURSELF THE STRESS ☝️


BARGAIN HUNTERS TAKE NOTE!

mikeapollo:
You are right.
But at least, now they have something they can use to justify the price rally

mikeapollo:
Wow!
Zichis has redeemed themselves with dividend and massive bonus!

KarlTom:
I believe you!

From ₦6 to ₦84 (1300%) is NOTHING...

Itzlinda:
I think it's my northern brother driving it up.

The ngx hype is going on all over Nigeria. Muslims prefer to buy Islamic compliant investments. I think that's what is driving the rally...

They come to ngx because market is going up and jaiz bank is kinda popular in the north

abuhusna1:
That bank cam never die. It is the only hope of the north as a source of halal savings and investment.

Sunrisepebble:
I think people expect too much RE: dividend sometimes.
They’ve paid out 60%, and they have expansion plans. And unlike Bua and Dangcem they don’t like to take on debt, so it will be funded by internal cash flows

zendi:
Where is Bawa, of Oando ?

On the enemy side, where is Godlyguy ?

magoo10:
So, for some of my friends, especially one of our party leaders who take delight in stockpiling dollars, it is a wake-up call,” the vice president said.
this statement is a security challenge just like the one made by elrufai tapping the NSA phone line.
The APC government is shielding economy saboteurs.

ositadima1:
The way some people think genuinely surprises me. With all the bashing of Ellah, some were saying it would drop to ₦3 or even ₦1, haba. A few comments were clearly coming from a place of hate and bile, without any attempt to hide it. Statements like “Ellah Lake holders will be executed”, lol , are completely unnecessary.

We really need to calm down. There are many ways to determine value; it doesn’t have to be only your method. Yes, the capital raise failed, okay. That’s not the end of the company, nor does it automatically mean the end of their proposed acquisition.

It almost feels like some people would physically drag Ellah down if they had the power, just to prove they were right.

For the record, I don’t own a single share of Ellah. I just don’t see it as a bad bet yet. They still have possible paths to win.

Thanks for reading.

SonofElElyonRet:
Mercy let's have your insurance cheap stock picks, relative to eps, future prospects, capital appreciation etc... Penny stocks

Panadee:
Make e no be pre-election abracadabra. Similar appreciation happened sometime in Feb/March 2024 but did not last.
I hope this one is sustained.

Panadee:
https://dailypost.ng/2026/02/24/nigerian-naira-will-appreciate-to-n1000-per-dollar-in-coming-weeks-tinubu/

crownprince2017:
They will use the money they realized from sales of shares converted at 3 to buy ARPN. No panic..

We are on top of the situation.

ositadima1:


This is based on the last Q3 unaudited financial reports. Since the information is quite lengthy and takes up a lot of space, please let me know if you would like me to delete it.

awesomeJ:
You're exactly right.
But let NGX have more robust regulations to avoid unnecessary issues.

From my days of programming backend engineering, we think of as many crazy scenarios as possible and make our logic accommodate them. That's how to build robust stable and sophisticated systems.

But even the most robust systems still have some weird, crazy, edge cases unhandled, what do you do then, simple, just push a new patch and have a new release/version.

If you had an app that's never been updated in the past 6 years, you can imagine how hectic your user experience would be.

So are these old NGX rules becoming, they need a little bit of refinement.

The market has changed significantly from what it was in 2019.


As a matter of fact, since the demutualization that gave birth to a stand alone Regco, the said company, whose core job is regulation has not even come up with a single new rule, not even an amendment to an old rule, yet the market keeps changing.

I put the larger blame on the NGX in this situation.