₦airaland Forum

ppogba:
Eeyah!

Wetin make Nigerian Bag Company aka BAGCO people con do?

I don laminate the certificate tey tey.

BAGCO didn't go under, it was merged with the parent company- Flour Mill for those who opted for it while cash equivalent of investors holdings were returned to those who chose otherwise.

Yours truly got cash equivalent because I didn't get the information about the other option.

Christie171:
I don't remember name of firm anymore and all the share certificates are no where to be found 😭

I'll chat you up on WhatsApp pls.

It's okay. Go ahead.

Christie171:
Hello, I remember opening a cscs account with a firm, long time ago, say 2008 and I registered the few shares I bought with them but I don't know anything about it anymore 😕

Should I create another cscs account or is there a way I can recover the old one?

First you need to know if that firm you opened account with is still existing or not.

If it's existing simple just contact them and request for your cscs account that will help you to know if your shares was dematerialized then or not. You can as well visit their office.

Go to SEC website and search, if the name appears it means they still exist otherwise you do as stated below.

If they no longer exist, you will need to open a new cscs account and then follow the process of moving your stocks from a dead house to an active house.

Get in touch for further guidance.

Bababull:
Which is the best way to buy stocks from Nigeria Stock Exchange from diaspora and please what are the steps to follow that is Safe.

Buying stocks have become very easy with the current technology driven market. Location is no longer a barrier.

To start, open a stock/cscs account with a stockbroking firm and use their trading platform to buy or sell stocks anywhere you are in the world.

Requirements:
Passport photo
Govt issued ID card
Utility bill not older than 3 months
Your signature

You will be required to upload these kyc documents as you complete the online form.

Be in touch if you wish to go with investment One Stockbrokers. Same platform I use.

okenze007:
Good evening all.
Pls can someone kindly advice me on this investment , I invested over 200k plus on IBTC EFT 30 on May, 29th but the balance on my portfolio now is 170k pls.
Pls should I redeem my balance and put it in MMF OR I should leave it.
Pls humble advice
Thanks

@okenze007, what you are currently experiencing is due to the nature of ETF30, whose underlying assets are stocks. At the moment, the market is bearish, which is why you are seeing a temporary (paper) loss.

As we always emphasize, any investment linked to the stock market, whether ETFs, equity mutual funds, or direct stock purchases should be approached with a long-term perspective.

The market naturally moves in cycles (upward and downward), and both phases can be profitable when properly understood. Right now, we are simply in a downward phase.

It’s also important to understand that MMFs and ETFs belong to different investment categories, and the way returns are generated differs significantly.

Stock related investments do not guarantee capital or returns.

Unlike Money market instruments which generally offer capital preservation with modest, variable returns, influenced by interest rates ie MPR and economic conditions at a particular time.

That said, my advice is to stay patient. If you hold your ETF investment, you are likely to benefit when the market rebounds, and your portfolio should recover and turn positive again.

Also, try to read more about the stock market and stocks related investments for better understanding and for you to be able to make informed investment decisions.

Wishing you the best in your investment journey.

owenabuka:
Who has Stanbic Ibtc Asset Management Customer care number. Someone i can reach. I keep calling the number on the website but I keep waiting with no response. I want to change my redemption account details. Please it's urgent

@owenabuka, there is a standard process on how to go about what you wish to do. Any update you wish to make after the initial data supplied during account opening follows a process that is the industry standard.

First, you will need to request an account update form, complete it correctly with the changes you wish to make, and submit it to their customer care. I don't know how long it takes now; it used to be 2 working days or so. Even if you call, you will be told to send an email with the completed account update form.
Find the form here https://www.stanbicibtcassetmanagement.com/static_file/Nigeria/nigeriaassetmanagement/SIAML/FileDownloads/PDF%20Files/Account+Upgrade+form.pdf

henrolevra:
Thank you very much. How do I reach out to you?

I have replied to your PM.

mank1234:
STL and Trustbanc have consistently been doing between 19% and 20%. Both are SEC approved with known custodians -Rand Merchant Bank. Are they red flag?

Looking at the entire MMF market, those two you mentioned are less than 1%, which is still in line with what I posted earlier. Also, check if the rates quoted are gross or net of management fees.

heavenisreal18:
Good morning
I have tried treasury bill and the rate is annoying now with the WHT the removed at maturity. 90k was removed from my capital cos I invested for one year I wasn't expecting it.
Now am on MMF the percentage is not encouraging
Pls I am begging someone to put me through in another high rate investment with low risk .I don't want to put all 12m in MMF

@heavenisreal18, you really can’t eat your cake and have it. The principle that “the higher the risk, the higher the return, and vice versa” doesn’t only apply to liquid asset investing; it applies to almost every aspect of life.

From your post, my honest advice is this: develop patience. Sustainable and meaningful investment returns require both capital and patience, having capital alone is not enough.

Think back to the COVID period when Treasury Bills dropped to about 3–4%. At that time, any mutual fund offering 5–7% felt like a gold mine. Fast forward, and those same instruments later rose to around 24%. This clearly shows that investments are not isolated; they reflect the economic realities of a country at any given time. Whether it’s Treasury Bills, mutual funds, or the stock market, they all respond to the broader economic environment.

The only things that seem to “defy” these realities are Ponzi schemes, and those should be a strict no-go for any reasonable investor.

As it stands, if anyone promises you more than 19% returns on government-backed instruments and calls it “low risk,” that’s a major red flag; please run.

My advice: invest according to your risk tolerance, take what the market gives you now, and position yourself for when rates improve. Investing is a journey, and timing and patience will always play a key role.

Enjoy the moment and hope for the best!

henrolevra:
Thank you very much for your detailed and prompt response. I truly appreciate the time you took to explain things so clearly, especially your point that investing is not only for people with large capital. It was very insightful and encouraging.

I would like to ask why you specifically chose Norrenberger and First Ally as your preferred fund managers. Do you consider them better than Stanbic IBTC Money Market Fund?

Personally, I have always thought Stanbic was one of the strongest and most reputable options in the market. In fact, I recently opened an account with Stanbic, although I have not funded it yet. However, after going through this thread, I noticed that quite a number of people seem to be pulling out of Stanbic.

I would appreciate your thoughts on this and whether there are specific reasons why you would recommend Norrenberger and First Ally over Stanbic. This will help me make a more informed decision before committing my funds.

Thank you once again for your guidance.

You are welcome.

You are not alone in your thoughts about stanbic, majority of investors in MMF and prospective investors shared the same thought until they had better understanding about MMF and how it works, yours truly was not left out many years ago. That been said,
The reason for Norrenberger and First Ally is first because of better rate, customer care service and the fact tbat I'm a Rep with them.

By the way I'm also an Ambassador to Stanbic, but for almost a year now, the rate has not be very encouraging and normally if rate is bellow inflation, investors will have negative real returns.
Please understand Stanbic is still a good firm and regulated by SEC and likewise the others I mentioned. When it comes to MMF, the brand is not so much important as to whether the firm is regulated by SEC or not, that is the ultimate and the fact that other parties to the fund - custodian, Trustees are present and verifiable.

For the two firms I referred to, I have a go to person so any need for quick or urgent resolution of issues is guaranteed.

As I already mentioned, you can get in touch for further guidance.

henrolevra:
Good morning everyone.

It seems investing is mainly for people with large amounts of capital. I would appreciate some advice on how best to invest 50k with an additional 50k to be added every month.

Which investment platform would you recommend, and what type of investment should I consider? Your honest and candid opinions will be greatly appreciated.

Thank you.

@henrolevra, I believe you’re just starting your investment journey, so it’s important first to discard the notion that investing is only for people with large sums of money. Investment is for anyone who wants to make their money, no matter how small, work for them.

Earning money is one thing; keeping and growing it is another. Everyone needs to learn how to manage and grow whatever capital they have.

While it’s true that the amount of capital you have can influence the type of investment instrument available to you, investing is absolutely not reserved for the wealthy.

As a beginner, a great place to start is with a Money Market Fund (MMF). With MMFs, your capital is relatively secure, and your returns are fairly predictable. They’re especially suitable if you plan to invest consistently over time and prefer lower risk.

I’d advise starting with an MMF while you continue learning about different investment windows and strategies.

For MMFs, Norrenberger and First Ally are solid options. You can also check my earlier post in this thread for guidance on signing up for different platforms. Feel free to reach out to me if you need help getting started.

Always remember that investment doesn't depend solely on the amount you have; other factors like age, knowledge, investment objectives, prevailing rate, economic realities of the country, etc., are factors to be considered before you venture into any form of investment.

I wish you the very best in your investment journey.

mank1234:
That initial lost always appear like magic. It consist of their margin and the various fees inherent in share purchase.

You'll first see 3-4% drop.

I reviewed last 15years, there are years that MMF wins and there are years that Equity wins. Overall equity wins the 15 year though not by so much.

I think, a smart move is splitting between the two.

As a smart investor, your portfolio should be a combination of low, medium and high risk instruments, that is the best way to manage risk and profit from economic realities.

Like I have always said, to say MMF is better than equity is not categorically accurate. Each investment instrument serves its purpose. Your ablity to combine the various investment instruments to meet your objectives is what single you out as a good and smart investor.

The popular saying - the higher the risk the higher the returns and vice versa always play out when it comes to investment generally.
Stocks are good and mutual funds particularly MMF is equally good.

I will always advice, don't follow the hype but follow your objective and be consistent having a long term in view.

Investment is a marathon not a sprint.

webizone:
Good morning fellow market lovers, may the greens favour us all.

Guys, I am here again with a request.

I need a real and responsive stockbroker which I can use to trade and invest in the stock market.

I noticed some problems with some I tried:

I place limit orders and it never executes,

I tried to do a withdrawal with one but I was told to update my NIN or some other verification, which I did but haven't got a response in days,

Generally poor customer service everywhere, never getting response on time,

I also hate manual doings, like, why can't I click a button and do some withdrawals in an emergency instead of contacting someone for it and then it may take days to process?

All these, guys, I need to avoid. I have platforms that do well for other things I venture into but why not the stock market?

Please help me.

Come over and join us at Investment One stockbrokers.

Alex35971376:
Hello everyone, I’m quite new here, I’m here because of the Dangote Refinery IPO launch, I would love to know how I can get involved, set up and account so I don’t miss out on it.
I found out listings aren’t done on trading platforms like Bamboo and the rest.
Any suggestions?

Preparing for the Dangote Refinery IPO

For investors interested in participating in the upcoming Dangote Refinery IPO, don’t wait until the offer is announced; start preparing now.

Suggested actions while you wait:

1. Open a Money Market Fund (MMF) account specifically for the purpose or use an existing one
Start saving towards the IPO in an MMF so your funds can earn better returns, rather than leaving them idle in a regular bank account.

2. Open a CSCS account with a stockbroker
This is essential. Physical share certificates are no longer issued; every allocation from primary offers is credited directly to your CSCS account.

Note: You can purchase shares through any accredited agent when the IPO is launched. You are not restricted to a specific bank or investment firm.

To open a CSCS account with Investment One, get in touch.

Preparing for the Dangote Refinery IPO

For investors interested in participating in the upcoming Dangote Refinery IPO, don’t wait until the offer is announced; start preparing now.

Suggested actions while you wait:

1. Open a Money Market Fund (MMF) account specifically for the purpose or use an existing one
Start saving towards the IPO in an MMF so your funds can earn better returns, rather than leaving them idle in a regular bank account.

2. Open a CSCS account with a stockbroker
This is essential. Physical share certificates are no longer issued; every allocation from primary offers is credited directly to your CSCS account.

Note: You can purchase shares through any accredited agent when the IPO is launched. You are not restricted to a specific bank or investment firm.

To open a CSCS account with Investment One, get in touch.

Preparing for the Dangote Refinery IPO

For investors interested in participating in the upcoming Dangote Refinery IPO, don’t wait until the offer is announced; start preparing now.

Suggested actions while you wait:

1. Open a Money Market Fund (MMF) account specifically for the purpose or use an existing one
Start saving towards the IPO in an MMF so your funds can earn better returns, rather than leaving them idle in a regular bank account.

2. Open a CSCS account with a stockbroker
This is essential. Physical share certificates are no longer issued; every allocation from primary offers is credited directly to your CSCS account.

Note: You can purchase shares through any accredited agent when the IPO is launched. You are not restricted to a specific bank or investment firm.

To open a CSCS account with Investment One, get in touch.

BolaAdetoro:
What should I do, then?

Check your mail and reply, or see the number in my signature

Arijude:
which platform can one see Norrenberger and First Ally to patronise an fund manager?
I'm a new investor

@Arijude, check my earlier post on 14 December 2025 - Guide to opening an investment account with different Fund managers
on page 420 for a guide.

omotola224:
I funded my mutual funds yesterday on first ally
When do I start earning?

Nothing has happened today

You earned already. Login, click portfolio, investment, mmf and click details you will see your earnings for two days.

Princewalexy99:
Please, in my GT MMF, I notice my invested funds are not compounding. I notice thesame interest amount I receive on my initial capital is still same I get even after earning and adding additional amounts to the initial capital with same 17% or within same rate.


I expected to see the interest increase giving that the amount gained and added to initial capital appears to be a huge amount.



What could be the problem please?

@Princewalexy99, understand that the rate displayed by GT fund manager is gross, and you will need to always remove the management fees before you get your net rate for your interest calculation. That said, you can request your statement to see how your interest amount is and how it's utilized. You can also call the customer care to raise your concerns. In the industry, interest calculation and utilization is automated, with the investor's option considered whether interest payout or reinvestment.

BolaAdetoro:
I already have a stanbic mmf. I want to do another to serve as mi pension as it's been difficult to open a personal pension account.

If you were to compare stanbic IBTC mmf to FBNquest, which would you pick and why?

Thank you.

Non. base on the current rate and the fact that you will be there for a long time. Right now inflation is little above 15% and if rate is same or lower than inflation you will be having negative real returns, it's better to leave your funds in a place that is above inflation to enable you have positive real returns.

Be in touch for a guide.

Some Banks and zero dividends, my thoughts.

It is no longer news that some banks have disappointed investors with respect to dividend payments this year.

Here is my perspective.

This situation reinforces a timeless investment principle: past performance is not a guarantee of future returns.

Banks such as First Bank, Access, UBA, Fidelity, and, from all indications, FCMB have consistently paid dividends over the past five years (at least). However, this year proved different.

While this falls short of investor expectations, particularly regarding dividends, it is important to note that these institutions are not fundamentally weak. In fact, their financials still show promise. Therefore, investors should look beyond dividend payouts for a moment and make informed, objective decisions. Avoid sentiment; some of these stocks may represent undervalued opportunities, especially for long-term investors.

Some Key Lessons:

1. Regulation is Improving
The regulator’s (CBN) ability to halt dividend payments has positive implications. It reflects stronger oversight and discipline within the financial system.

If this were between 2006 and 2010, dividends might still have been paid despite underlying concerns. Today, stricter regulation means that our investments are arguably safer and better protected.

2. Short-Term Disappointment vs Long-Term Value
This situation can be likened to a wedding and a marriage.

Dividend (wedding) = one-time expectation
Investment (marriage) = long-term commitment

We should not abandon a fundamentally sound investment simply because one expectation was not met.

3. Opportunity in Disguise
Before these announcements, stock prices were significantly higher.

Now: UBA trading below ₦45, Access trading below ₦25, which were even lower immediately after the results were released to the market.

These price drops may present attractive entry points for discerning investors. Little wonder Oga Nosa shifted from ETI to Access

4. Re-evaluate, Don’t React
Before selling off these stocks, ask yourself:

Has my investment objective changed?
Is this issue temporary or structural?
Do the company’s fundamentals still show strength?

One incident should not automatically invalidate a long-term strategy.

5. Always Expect the Unexpected
No matter your level of expertise, unforeseen events can occur.

Here is what investors should always do:

Prepare for downside risks (prepare for the worst, hope for the best)
Maintain diversification
Stay grounded in your strategy

6. It’s Not Just Banks
Even strong companies in other sectors, such as Cadbury and Nestlé, have also disappointed investors in terms of dividends despite solid results.

This reinforces the reality that no investment is risk-free.

In conclusion

This situation highlights a critical risk:
Even fundamentally sound companies may not always deliver dividend returns.

To new investors who are just coming in and still in their babe steps, don’t be discouraged. Investing in quality stocks remains one of the most effective ways to build and grow wealth over time.

Stay informed. Stay objective. Stay patient.

Remember: the goal is to make money with minimal or no tears!

Wishing you all a greener portfolio in the days ahead

Some Banks and zero dividends, my thoughts.

It is no longer news that some banks have disappointed investors with respect to dividend payments this year.

Here is my perspective.

This situation reinforces a timeless investment principle: past performance is not a guarantee of future returns.

Banks such as First Bank, Access, UBA, Fidelity, and, from all indications, FCMB have consistently paid dividends over the past five years (at least). However, this year proved different.

While this falls short of investor expectations, particularly regarding dividends, it is important to note that these institutions are not fundamentally weak. In fact, their financials still show promise. Therefore, investors should look beyond dividend payouts for a moment and make informed, objective decisions. Avoid sentiment; some of these stocks may represent undervalued opportunities, especially for long-term investors.

Some Key Lessons:

1. Regulation is Improving
The regulator’s (CBN) ability to halt dividend payments has positive implications. It reflects stronger oversight and discipline within the financial system.

If this were between 2006 and 2010, dividends might still have been paid despite underlying concerns. Today, stricter regulation means that our investments are arguably safer and better protected.

2. Short-Term Disappointment vs Long-Term Value
This situation can be likened to a wedding and a marriage.

Dividend (wedding) = one-time expectation
Investment (marriage) = long-term commitment

We should not abandon a fundamentally sound investment simply because one expectation was not met.

3. Opportunity in Disguise
Before these announcements, stock prices were significantly higher.

Now: UBA trading below ₦45, Access trading below ₦25, which were even lower immediately after the results were released to the market.

These price drops may present attractive entry points for discerning investors. Little wonder Oga Nosa shifted from ETI to Access

4. Re-evaluate, Don’t React
Before selling off these stocks, ask yourself:

Has my investment objective changed?
Is this issue temporary or structural?
Do the company’s fundamentals still show strength?

One incident should not automatically invalidate a long-term strategy.

5. Always Expect the Unexpected
No matter your level of expertise, unforeseen events can occur.

Here is what investors should always do:

Prepare for downside risks (prepare for the worst, hope for the best)
Maintain diversification
Stay grounded in your strategy

6. It’s Not Just Banks
Even strong companies in other sectors, such as Cadbury and Nestlé, have also disappointed investors in terms of dividends despite solid results.

This reinforces the reality that no investment is risk-free.

In conclusion

This situation highlights a critical risk:
Even fundamentally sound companies may not always deliver dividend returns.

To new investors who are just coming in and still in their babe steps, don’t be discouraged. Investing in quality stocks remains one of the most effective ways to build and grow wealth over time.

Stay informed. Stay objective. Stay patient.

Remember: the goal is to make money with minimal or no tears!

Wishing you all a greener portfolio in the days ahead

biznus:
Would you recommend Stanbic app for those who would like to begin investing in stocks.. to get cscs? Any need to visit branch?

Yes, Stanbic IBTC has a stockbroking arm. However, I would recommend the firm I personally use for practical reasons. This will also allow me to guide you closely through the process.

As a beginner, having the right support is very important, but with time, you’ll become confident navigating things on your own.

Click the third link in my signature so that you can open your CSCS/stock account with Investment One.

omotola224:
I have thank you, but it’s unable to verify my nin
Tried several times nothing

@omotola224, get in touch so that it can be resolved from the backend.

Refinedbeing:
Please guys, how can I claim, have access to my dads shares in Spring bank (which doesn’t exist anymore).

I have sent mail to Afribank, the then Springbank registrar and they told me they are no longer to the bank hence they can’t help. I’m just trying to see if I can actually transfer the shares to my portfolio. I have all the shares certificates but I don’t know how to go about it. Thanks

@Refinedbeing, I will advise you not to bother yourself or waste your time contacting anybody. Spring Bank's license was revoked in 2011, and it became Enterprise Bank. Then, Enterprise Bank was acquired by Heritage Bank.

However, in 2024, Heritage Bank's license was revoked by the CBN. Hence, all shareholders of Spring Bank lost all their investment. So you don't have any shares to transfer. The investment is lost completely. This is one of the negative or downsides of stock investment. If the company goes under, the ordinary shareholders lose out.

Irrespective of what has happened, buying shares of reputable companies remains one of the ways of keeping the value of your money. So don't stop investing because of this experience from Spring Bank.