sophy17:




I don't see any other protocol here. We are just inefficient or many times just choose to be wicked in this Country.
I have always gotten my dividends, bonus shares/stock split and even voting rights immediately on due dates which is pre annouced, in all my foreign invested companies without making any effort.

@sophy17 I'm not defending inefficiency but the truth be told. We are not where we ought to be but we are also not where we used to be. I know other climes may be better but I believe with time everything will be real time. Take a look at the method of subscription in the current primary activities of the banks you will believe me that there is some improvement. Let's remain positive, we can get to our desired level in no distant time.

yMcy56:
LINKASSURE
Someone is asking about the Dividend, it was paid yesterday/today.
Bonus can't be immediate, will be added to your CSCS much later.

Exactly! We said it severally here, when it comes to bonus payment dates, it's not always stated like cash dividend because other protocols are involved before the crediting of investors' cscs account, all you should be concerned about is whether you are qualified or not. Once you are qualified, there is nothing to worry about you will see the declared bonus in your cscs account unannounced.

Raider76:


Banks giving interim dividend need to audit their Q2 and get CBN approval. It will take a little more time.

Banks that opted for audited half-year results officially have 2 months (July and August) to submit.

megawealth01:


E shock me too just that I don't like insurance stocks

Custodian is more than insurance it's an investment group. They do more than insurance.

Babygal2020:


Check DM boss

Checked and responded.

Aquilapriscilla:
Has dangote refinery listed on the NSE? Any idea about it ?

I think you should be asking if the refinery has started producing PMS and selling to Nigerians.

emmaodet:


I know bro but i do sell my shares on Ucap and my ucap account is credited almost instantly to allow me but another shares instantly.

I think @emmaodet, the usage of the term direct settlement/payment is not correctly applied. For any investor that opts for direct payment of sales proceeds, it can't go through your trading account it's sent to CSCS who will credit you after 3 days of your stock sales.

The fact that you didn't get your proceeds in your trading account, means you are currently on a direct settlement option.
You will need to opt out of it by completing the form and indicating your desired option.

Based on your first post, you explained the opposite of what you preferred.

emmaodet:
@emmasoft

Kindly shed more light on this picture below.
I submitted a direct settlement form from Investment-One and now they replied me that i am not profiled for that and would be charged a whooping 26% of my withdrawal per annum or 5,000 per transaction.
I hope this is not a daylight robbery.

@emmaodet. This is what the mail you received means:

Currently, you didn't indicate direct settlement of your sales proceeds, please note that direct settlement doesn't mean you will get the proceeds of your sales same day. it will still follow the T+3 settlement period. What it simply means is that CSCS Plc will be the one to credit your bank account on the 3rd day after sales ie the proceeds don't go through your trading account with the broker (investment one)

The alternative given to you is the charge you will pay if you want your money before the stipulated settlement date, in this case, you are treated as a customer borrowing money from investment one. it's not robbery. Other firms also have their policy around that.

Just like Pa Emma said in his response, you don't pay anything if you wait for the T+3 settlement period or wish to use the proceeds to buy another stock even on the same day of sale of stock.

If you wish to opt for direct settlement, send a mail requesting the direct settlement form, complete it, and send it back to them, it will be processed and you will be getting your sales proceeds directly from cscs from now on.

Note also that this option is unfavorable if you sometimes want to use your sales proceeds to buy more stocks immediately and remember cscs will still follow the T+3 settlement period before you get credited.

molybdenum0012:
Hi guys, I want to buy GTCO shares, and while filling the form I am to provide a stock broker.

Can someone explain how to go about that?


THANKS

To register with Investment One Stockbrokers, click the 3rd link on my signature and complete the form online,
Registration is free.

You will need the the usual kyc documents to attach.

purity2all:


Do they have a timeline on when they should file their results even with the suspension? Or will it just be left to them to do it at their own pace.

No timeline per se but they know that each day of the suspension attracts fine hence they will do everything at their reach to comply and release the outstanding results if they have to remain listed otherwise they just started their delisting journey.

Ukayo:


I am being told to put in money first before I can get login details. Now my question is how will I know the money has entered the account when I can't see it on a dashboard?

Edit:: my login details was eventually sent last night. Thank you

Please, what does recurring debits mean under the save option?

Also can I transfer the fund from any bank( UBA in particular) to the e account. Because in the video tutorial. It is only standard ibtc that was emphasized

@Ukayo, Thanks for your feedback.
Recurring debit is an arrangement you can make with your bank to invest a specified amount in your MMF account on a particular date.
You can transfer funds from any of your bank accounts to your MMF account.

Please note that your e-account is not a bank account as such, you can't transfer money directly into it. rather you transfer any amount you wish to invest at any given time into the UBA collection account sent to you when your MMF account was opened. You only make sure your e-account is used as the narration/description anytime you transfer money to the UBA account.

toby4ever:


Do you get interest for Saturday and Sunday? For mmf

Yes, and including public holidays. However, the interest will be posted/reflected on the next business day.

Solution101:





I will like to see how the trading is done pls. How can i reach you?

My phone number is on my signature, call/chat me up. I will take care of all your questions.

Mrajah231:

Please do not be angry, my sister got her e account today in the mail but there was a mistake in one of her names. Will that affect her when redeeming

Name arrangement is very important when transactions involves cash.

I will advice that your sister should send a mail to customer care, point them to the mistake and ask for the name to be corrected.

They will most likely reply with a form called account update form, she completes it, attach an ID card bearing the correct names, with this, they will effect the change.

However, let her continue to fund her account.
For redemption, it depends on the name that is affected but don't wait for the time of redemption.

Take The First and The Hardest Step to Wealth the Rest of the Steps Will Be Easier

There is always joy in the hearts of parents when they see their baby take the very first step. In some cultures, it’s a big celebration especially if the child is the firstborn. Sometimes a remarkable thing is done that day e,g planting a fruit tree to commemorate the day of the first step.
The first step is celebrated because it was difficult and much effort was put in, it’s seen as an achievement and will lead to other steps which may eventually lead to even walking fast or running.
The first step is difficult because many considerations are made – fear of falling, not sure I can, not used to it, and many others.

Most times investment is like taking the first step, it seems difficult but it has to be taken if you must make more steps in life. One thing with the first step is that it’s somehow uncertain and full of doubts but it’s a breakthrough once it’s made.
Are you still struggling with the first step in investment? don’t be afraid just take it you don’t have to walk fast or run, it’s just a short pace or little movement but don’t wait further take it.

You have just some thousands of naira, don’t wait till it’s millions take the first step and invest in MMF, leave the more complicated form of investment for now and start, as you continue taking the baby steps in investment, you will get more confidence and have stability just like the baby that turns to an adult.

MMF and other short debt instruments with guaranteed capital and returns are like the first step in the investment journey that one needs to take. If you consider too many things you will be reluctant to take action. It’s true inflation is high, the naira value is down, you are not earning enough, plenty of expenses, bad economy etc yet it will be worse if you decide not to make any move and invest. Even the bible says “…he that considers the winds will not sow”… and if you don’t sow nothing to reap.

Imagine if you took that step to invest just 10,000 since January at close to 20% rate, about 2,000 would have been added to the 10,000 even while you are sleeping.
No matter how little, start now and you will find it easier to invest going forward.

Take the baby step now and other steps will be much easier.

Still wondering how to start, reach out to me for a guide.

Take The First and The Hardest Step to Wealth the Rest of the Steps Will Be Easier

There is always joy in the hearts of parents when they see their baby take the very first step. In some cultures, it’s a big celebration especially if the child is the firstborn. Sometimes a remarkable thing is done that day e,g planting a fruit tree to commemorate the day of the first step.
The first step is celebrated because it was difficult and much effort was put in, it’s seen as an achievement and will lead to other steps which may eventually lead to even walking fast or running.
The first step is difficult because many considerations are made – fear of falling, not sure I can, not used to it, and many others.

Most times investment is like taking the first step, it seems difficult but it has to be taken if you must make more steps in life. One thing with the first step is that it’s somehow uncertain and full of doubts but it’s a breakthrough once it’s made.
Are you still struggling with the first step in investment? don’t be afraid just take it you don’t have to walk fast or run, it’s just a short pace or little movement but don’t wait further take it.

You have just some thousands of naira, don’t wait till it’s millions take the first step and invest in MMF, leave the more complicated form of investment for now and start, as you continue taking the baby steps in investment, you will get more confidence and have stability just like the baby that turns to an adult.

MMF and other short debt instruments with guaranteed capital and returns are like the first step in the investment journey that one needs to take. If you consider too many things you will be reluctant to take action. It’s true inflation is high, the naira value is down, you are not earning enough, plenty of expenses, bad economy etc yet it will be worse if you decide not to make any move and invest. Even the bible says “…he that considers the winds will not sow”… and if you don’t sow nothing to reap.

Imagine if you took that step to invest just 10,000 since January at close to 20% rate, about 2,000 would have been added to the 10,000 even while you are sleeping.
No matter how little, start now and you will find it easier to invest going forward.

Take the baby step now and other steps will be much easier.

Still wondering how to start, reach out to me for a guide.

Mrajah231:

Thanks…I just got the alert now . Thanks for your support in this forum 🙏

Nice one. Enjoy your weekend!

enque:
SFS abeg add smoh 1% join the interest nau

Emmasoft

@enque, no worry it was discussed yesterday. soon you go see something good when they finish revaluation. You know SFS fixed income has FGN Bonds in it.

Mrajah231:

Please I placed a redemption early in the morning but up till now I have not gotten alert

That is not normal. If you had raised the issue earlier the team in charge could have looked into it to see what could be wrong. Ordinarily if you put in for redemption in the morning you get credited same day. Though It's still possible you get alert today. You can also check your account balance.

akinonigbinde:
please house, what is the minimum amount that can be invested in stanbic mmf? Please i am a newbie in this terrain.

N5,000.
Remember to click the first link on my signature to open Stanbic MMF account, but you don't need cash to open an account.

NL1960:


@emmasoft,

My sister-in-law has joined the StanbicIBTC MMF train. I helped her opened the account online and she got her e-account the next day. Na by 6:10am yesterday she wake me up saying she has done a transfer to commence the journey. Na the same 6:10am she wake me up this morning that she has logged in to the online portal and already seen her interest for one day.

Nice one @NL 1960 . You are doing well with the positive investment influence you are having on your people. You are giving a gift that keeps giving. Well done! Keep it up.

uwaifou:
Please, which is the best money market funds to invest in now?.

And is Treasury Bills Primary market sales still on? What was the last interest rate pls?

The word best is relative when it comes to MMF investment because there are other indices apart from rate used by investors to rate funds, particularly the managers of these funds.

Currently, most MMFs rates range from 16 to about 21%. If you are interested click on the first link on my signature to invest in Stanbic MMF or complete the attached form to go with Norrenberger MMF.

The last primary Tbills rate on Wednesday this week stands at 21.24% for the one-year tenor while 3-month and 6-month tenor rates stand at 16 and 17% respectively.

Note primary auction of tbills is normally done fortnightly not every day while secondary auction is every working day of the week.

You can do both with investment one financial services.

Talk to me if you need more clarification.

cutedharmee:

104000 on 3million for 3months?
God forbid
I'll rather go do business with my money

@cutedharmee, business is a form of investment, NTB is another form of investment likewise others like stock or real estate. The main purpose of these investments is to make profit or returns. One is not better than the other it all depends on the investor's level of risk tolerance, efforts put in to get the returns, safety of both capital and the intended returns and many other factors.

Returns on two investment can be better compared when all factors affecting or surrounding them are the same.

Dangote is a business man but he's an investor in some banks that he's not managing but still get returns effortlessly which may not be the same compared with what he gets in Surgar or oil refinery.

Making, managing and growing wealth requires one to be involved in different forms of investment categories which could be low risk, medium risk or high risk. As the usual saying goes the higher the risk the higher the returns and vice versa.

vefexam:


What's SFS fixed income?

SFS Capital is also a fund manager and SFS fixed income fund is one of the funds they manage.

Fixed income fund operates just like MMF, the only difference is that it has FGN Bonds as part of the underlying assets ie it has all that MMF has plus FGB Bonds. Many investors who don't wish to wait for bonds because of long-term indirectly invest in bonds through fixed-income funds. The rate is less volatile than MMF, which has a daily rate evaluation.

sharone21:


Does this have limited time?

I wonder other organizations with good Mutual fund rates?

Meristem: MMF is 20.87% annually

Fixed rate: 16+%

Dollar fund: 9+%

All MMF rates are daily valued. Fixed income rates changes but may not be daily. Whatever rate you see confirm from the fund manager if it's gross or net.

olig:
Good day sir,

Please I have two shares certificates which I got many years ago. I didn't have CSCS account then. I just opened a stock brokerage and CSCS account recently. How do I go about getting my previous shares onboard the CSCS system and my brokerage account?

I will answer you here for this, but please ask questions like this on the stock thread so that we don't derail the mutual funds thread.

You will need to demat the certificates so that the holdings will be deposited into your cscs account. The first point of call is the office of your stockbroker with the physical certificates to begin the process.

Chat me up if you need further clarification

Enjoy Rates while they last

Stanbic - 19.92% net
Norrenberger - 20.69% net
SFS fixed income - 15.02% net.

Click on the links on my signature or attached form to start.

karhmil:
Hello Everyone,
I am new to this as i just stumbled upon this page, please kindly guide me or where to start from if i have some amount to invest

@karhmil get in touch with my phone on my signature. You can also read my previous posts for a guide

freeman67:


No lele... The shares we buy on the NSE is the already existing shares of the company that the shareholders are selling between themselves while the right issues are new share created by the companies to sell to already their already existing shareholders.

In addition to what @Freeman67 has said, the money from the right issue or public offer goes to the company, the proceeds from the trade on the floor go to the shareholders that sell, and the shares go to the buyer's cscs account.

frankmoney:
hey bro. Good morning. I'm interested in investing in the stock market but have no idea can you put me through ?

I can put you through as much as you are willing.
Chat me up with the number on my signature.

sleekybaba:


I've opened the stock account with investment-one. I'm stock at the "Market/Limit", not sure of what to select between Market or Limit, because i am buying to keep for future.

Ok. You are welcome on board. When placing a trade, if you pick market price, it means you are buying the stock at any available price in the market you are most likely to buy at the highest offer price, on the other hand picking limit option enables you to choose your own price you feel the stock is worth in that case your order can only be fill at that price or lower. However the price you pick must be within +10% or - 10% of the opening price.

If you don't mind, chat me up so that we can do the trading together during market session by Monday or any trading day. I'm sure after about two tradings you will understand better.
By the way it's commendable you already have your investment objective. It's a good way to start stock investment.

You can also visit the stock thread to learn from others.

Vibesking:


Submitted my details on the website since Wednesday to get on-boarded. Got a mail that my application is being reviewed and I'll be notified when the process is completed. Till date no update.

If it’s Wednesday. Account opening is not late. The in-house would have be concluded but cscs also has a part to play. Normally it takes 72 working hours if there is no Kyc issues.
Notwithstanding that, you can chat me up to share more details that may not be proper to share here for further assistance.

Thank you.