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Nairaland Forum / Dejiotus's Profile / Dejiotus's Posts
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Investment / Re: Mutual Funds by dejiotus: 6:06pm On Sep 26, 2023 |
ytdivine: Many thanks for the information. |
Investment / Re: Mutual Funds by dejiotus: 6:03pm On Sep 26, 2023 |
emmasoft: Many thanks. I will check with my bank (Stanbic) as advised. Very much appreciated. 1 Like |
Investment / Re: Mutual Funds by dejiotus: 10:50am On Sep 26, 2023 |
Good morning EmmaSoft and other gurus in the house. Is N500K now the maximum amount that can be transferred to fund Stanbic Money Market Fund account? I tried to fund my Stanbic MMF account after a long time and I was surprised that I was restricted to only 500K naira. Many thanks. 1 Like |
Investment / Re: Mutual Funds by dejiotus: 6:23am On Aug 06, 2022 |
ernie4life: Many thanks for your valuable advice as usual. Very much appreciated. |
Investment / Re: Mutual Funds by dejiotus: 10:32pm On Aug 04, 2022 |
ernie4life: Many thanks to both Ernie4life and EmmaSoft for your explanations. It makes perfect sense why certain number of units were issued following each subscription. My dilemma is that there has been no coupon paid since initial subscription in December 2019. The unit price now (both bid and offer price) is now 1.33 as opposed to an average of 1.165 on subscription. Will I be correct if I assume the addition of the twice yearly coupon to the fund accounted for the current unit price of 1.33, or should the twice yearly coupon ought to have been paid as well to the account and should have reflected in the account balance? Attached is the Statement for your kind perusal. Many thanks for your usual support. Very much appreciated.
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Investment / Re: Mutual Funds by dejiotus: 8:07pm On Aug 03, 2022 |
Good evening Oga Ernie4life and EmmaSoft. I will be very grateful if one of you or other gurus in the house can kindly advise about Stanbic IBTC Dollar fund account. Is the Dollar fund just similar to "shares" where the accured profit made over time, is by way of appreciation in the unit price or should someone expects interest payments like in the usual naira dominated money market mutual funds account? Many thanks. |
Investment / Re: Eurobond by dejiotus: 2:06am On Nov 06, 2021 |
Many thanks for the information. There is no indication from my statement to suggest payment of dividend at anytime since I subscribed to Stanbic Dollar fund in 2019. I will contact the customer service desk to find out what is going on. ImperialCovfefe: |
Investment / Re: Eurobond by dejiotus: 8:18pm On Nov 05, 2021 |
Many thanks for your response. Lack of any dividend payment (at least as per my account statement) is exactly what I am concerned about. The only payments on my account statement were the four deposits I paid into the dollar fund. From my calculation, the increment or gains in my investment with the fund appears to be due mainly to the difference between my entry unit price of about 1.17 on average to current unit price of 1.28 ernie4life: |
Investment / Re: Eurobond by dejiotus: 12:24pm On Nov 05, 2021 |
Good afternoon my big Oga Ernie4life. Many thanks for your valued advice regarding the Stanbic Dollar Fund account. I am particularly appreciative of your effort with regards to how the fund unit price affects the value of the investment. Should I be worried that I have not noticed any accured interest added to my dollar fund account. The only gain I notice in my account is from the increased unit price. No quarterly or yearly interest, or coupon as in bond. Many thanks. ernie4life: |
Investment / Re: Eurobond by dejiotus: 10:12am On Apr 25, 2021 |
[quote author=ernie4life post=101090883] Yes that is exactly what am saying [/aquote] Many thanks for the clarification |
Investment / Re: Eurobond by dejiotus: 6:06pm On Apr 24, 2021 |
ernie4life: Good afternoon Oga Ernie4life. I will be very grateful if you or other gurus in the house like emmasoft can assist. Just wondering if the scenario you illustrated above relates exactly as well to the Dollar Stanbic ibtc Fund account. I have been uncomfortable anytime I log into my Stanbic ibtc Dollar fund account and I see the unit price. I was not aware or considered the unit price when I subscribed to the fund. My expectation is that I will be able to withdraw from the account based on the actual amount I want to withdraw in dollars as oppose to making a withdrawal that the amount I get in dollars will depend on the unit price. Are you saying the unit price of the fund at the time I want to fully liquidate my investment will affect the total amount I get in dollars. The stanbic staff I approached over a year ago was unable to answer my query relating to the unit price. Are you saying some of the profits that have accured in the account can be diminished due to fluctuation in the unit price. Many thanks. |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:49am On Feb 27, 2021 |
chigo4u: Union bank's UNIONACE USD DOMICILIARY ACCOUNT pays about 2 to 3 percent per annum interest. But there is a charge for the bank card. 2 Likes |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:32am On Feb 27, 2021 |
Union bank's UNIONACE USD DOMICILIARY ACCOUNT pays about 2 to 3 percent per annum interest freeman67: 2 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:49pm On Jun 02, 2020 |
Yes, you are correct and that is part of the reason for the huge bill. Magodo is now on the higher business tariff (about twice the usual amount per kilowatt-hour) and there is power supply usually for more than 20 hours a day ojesymsym: |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:35pm On Jun 02, 2020 |
emmanuelewumi: I guess this is one of the new prepaid meters and it may be impossible to bypass. Unfortunately my prepaid meter is one of the older ones inside the house and I now know that these meters can be bypassed with ease |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:15pm On Jun 02, 2020 |
The huge bill is exactly my case and disagreement with Ikeja Electric and I am hoping NERC will mediate. It is obvious the amount is exploitative but my former tenant played into their hands when she tampered with the meter. My offer to pay a reduced amount was rejected by Ikeja Electric. There is no doubt however that the tenant was involved in power theft. The electricity purchase activity report apparently revealed she last charged the meter in October 2019 and she was using her AC and other electrical appliances non stop. emmanuelewumi: 1 Like |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 7:49pm On Jun 02, 2020 |
Unfortunately all the professionals involved did not collect any detailed information and I was not in the country when she moved in. I have her GT bank account however because I needed to transfer money to her for a new water pump. I also have her telephone and WhatsApp number. yazga: |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 7:28pm On Jun 02, 2020 |
Many thanks for the attached. Very much appreciated. Unfortunately I am based abroad and my contacts in Nigeria have not been able to locate her. MrMcJay: 1 Like |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 3:01pm On Jun 02, 2020 |
ojesymsym: Many thanks for the advice. |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 1:37pm On Jun 02, 2020 |
ojesymsym: You are 100 percent correct. That is why I intend to do a full Know your customer "KYC" checks before I rent to one of the prospective tenants showing interest. Unfortunately for me, all the professionals involved when the house was rented to my former tenants, did not do any KYC checks at all. The old tenant apparently absconded three weeks before the end of her tenancy and I have not been able to locate her. 1 Like |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 1:27pm On Jun 02, 2020 |
You are welcome Sholapey: 1 Like |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 12:28pm On Jun 02, 2020 |
No I did not. I thought I would be okay as well with the prepaid meter until the Ikeja electric Vigilance team visited my property and discovered the woman had tampered with the prepaid meter. It may be wise to ask an experienced electrician to check for you first and then decide on what to do in case any of your tenants is involved in illegal connections or power theft. If you invite a proper NEPA worker from their office, the light will most likely be disconnected from the pole and heavy fine issued. I didn't have that opportunity before my tenant was caught and 945K naira billed as loss of revenue Sholapey: 2 Likes 2 Shares |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 10:26am On Jun 02, 2020 |
Good morning my big Oga Mr McJay. I have to agree with you o, that it is more sensible and wise just to waive the two months rent for the sake of peace and to get rid of a bad tenant. Tenants just need to know that legally any additional time spent needs to be paid for in full. I will be grateful if you or any of our big Ogas and Madams in the house has a Know your Customer "KYC" template for prospective tenant, that can be shared. Landlords among us should please regularly inspect the meters in their properties to ensure there is no illegal or "bypass" connection. My tenant in Magodo absconded and left me a bill of 945 thousand naira (yes just under 1M naira on a prepaid meter o!!!) to pay, when she was caught by the Ikeja Electric Vigilance team. She did not pay even one kobo for electricity over the preceeding 4 months. She had apparently engaged someone to tamper with the prepaid meter as electricity supplied was not being read by the meter. The property was charged 150K per month, for 6 months as loss of revenue plus 45K as VAT. My case is still unresolved and with the NERC regulator MrMcJay: 4 Likes |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 8:07pm On May 30, 2020 |
But why reward bad behaviour with free rent since her legal tenancy is expiring tomorrow. Yes, while I will advise that the requested two months is granted to the difficult lady tenant for the sake of peace, she should pay for those two months as well. She is not entitled to any free lunch from her landlord now. Tenants should be made aware in very clear terms that extention of tenancy in whatever disguise should not equate to free rent. MrMcJay: 8 Likes |
Investment / Re: Mutual Funds by dejiotus: 1:14pm On May 01, 2020 |
cybertek: Many thanks. Just logged in successfully as well after I saw your message. |
Investment / Re: Mutual Funds by dejiotus: 2:37am On May 01, 2020 |
rOsy247: Good morning guys. Just wondering if anyone has any update on stanbic mutual fund on line platform. I am still not able to log on into my Stanbic mutual fund accounts. Many thanks |
Investment / Re: Mutual Funds by dejiotus: 3:18pm On Feb 02, 2020 |
gabby18:About 6.66% if I am not mistaken 1 Like |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 10:22pm On Jan 24, 2020 |
creategist: By dividing the interest earned in one day (x) by the principal amount (y) multiple by 100 and multiply by 366 (leap year). X/y x100x366 |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 5:00am On Jan 24, 2020 |
seunnuga: Stanbic IBTC account number to fund the Stanbic IBTC Dollar Fund is 0034131849. There is a charge of about 20 dollars if someone makes the transfer via the Standard Chartered account 3 Likes
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Investment / Re: Treasury Bills In Nigeria by dejiotus: 4:44am On Jan 24, 2020 |
veron007:About 5.3% based on the interest I received yesterday 2 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 12:13pm On Aug 02, 2019 |
incogni2o: Haba my bother, try to read earlier pages now. Primary and secondary TB markets extensively explained before. Primary market usually available every 2 weeks but with little distortion. Secondary market available to buy anytime based on your bank's availability. First bank secondary market for today has 244days at 10.25%. Also 321 days @ 10.20% 3 Likes |
Investment / Re: Treasury Bills In Nigeria by dejiotus: 2:18pm On Mar 09, 2019 |
uruogo: Yes. Your upfront interest is N23560. Less the usual TB related charges. 1 Like |
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