₦airaland Forum

Kaybthaniels:
Good morning house, I am looking into investing in mutual funds/money markets, which ones are the best with good interest rate?, also is it possible to sign up from Diaspora?, Thanks for your answers in advance.

You can do MMF and fixed income funds

I recommend SFS fixed income fund 10.02% as of today

andy of Stanbic or Norrenberger for MMF fund

Stanbic 9.47% as of today
Norrenberger 10.34 as of today.

Yes, you can sign up from the diaspora. However, to avoid the issue of notarization of your kyc documents you can use your Nigerian kyc documents to register.

chat me up if you need more clarity

RockyEyo:
Please what's the current rate for treasury bills.....
What other legit means of investment are available please

Check page 2168 ie the previous page the outcome of this week's primary auction is there.

You can consider Money market fund it's another legit and low-risk investment you can do especially if you are new to the investment clime.
Then a riskier form of legit investment is investment in stocks.
Click the link on my signature to open a money market fund, fixed-income fund, or stock account. Account opening is free.
You are free to contact me as well

bolton08:
Good morning all,

Please I need guidance, I'm new to stock exchange and I want to some stocks. I need advice on which company to buy from and how to monitor my investment.

Thanks

Come over to Investment One Stockbrokers you will have all the guidance you need to invest intelligently

Click the link on my signature to open a trading account online for free.
You can also be in touch with me for further assistance in that regard.

JaySterling:
Please what are the risks involved in Stanbic Money Market

The risk is if Nigeria ceases to exist because the underlying asset of mutual funds is basically TBills.
MMF is categorized as a low-risk investment. The risk is near zero.

It's a recommended investment for low-risk tolerance investors or newbies.

Harshreality:
Please could you recommend 3 alternative dependable licensed firms Which have apps I could use instead? I'd really appreciate it.

You can come over to investment one stockbrokers.
To open account for free, click the third link on my signature. Once account is opened you can download the app and just sign in with the details already given to you.
It's always seamless opening the account first before downloading the app.
You can reach out to me if you need any further guidance.

Olaide1295:
In my case, I get dividends for the stock I have on trove within few days of payment. Licensed apps like Meristem (Meritrade) never pay my dividends unless I write long emails and fill forms.
Actually, my Zenith dividends for last year is still with Meritrade. Some hundreds of thousands which they haven't paid me. I filled forms for UCAP but I hate that I have to fill it for each stock I own.

I see some folks here especially newbies still confused so many things with respect to the different functions of the market operators and regulators.

Please note the following:
A stockbrokers primary function is to assist you to buy/sell shares any other service like helping customers to process unclaimed dividend is additional function that attracts fees.

Now in the process of assisting to buy shares, they provide online platform or apps for customers convenience. They are never saddled with the responsibilities of handling matters of dividend.

A trade app like trove is a different arrangement in which case, they are the shareholders as per registrars, so they collect and then Pay clients, this is not the conventional way so don't compare with the regular functions of a stockbroking firm.

When an investor buys shares in a particular company, the investor is to deal directly with the company through the registrars for returns- dividends this has nothing to do with the stockbroker in anyway even the said details of shareholders are gotten from cscs directly not from brokers.

The process and job of dividend payment is between the registrars and the company and they are to follow the framework established by the government through the SEC in doing that.

The issue that normally arise is when some registrars refuse to follow the processes already established by the regulators hence investors still find it difficult to get their dividend seamlessly.

Currently I think Africa Prudential and Coronation seems to be complying and details of shareholders are gotten from cscs such that investors are getting dividends paid without the stress of completing any forms.

I will advice prospects to always go with regular stockbroking firms to open account and have their details sent to the registrars through cscs.
Even these firms have both online or app trading platforms for investors to use and doing all their trading.

vacanci:
in my own case, i have my form filled with Afriprud for my UBA dividend years go. Although i never owned UBA shares until recently. I used to get my UCAP dividend through same registrar to my access bank account being the account i filled.

Now last night i got UBA dividend paid to stanbic bank account and i was wondering why this should happen.

actually with morgan capital as my broker, i have stanbic bank as my account detail. Could this be the reason?

Yes. The details are to be gotten from cscs following your details during account opening with the broker. That is why it's that same account the proceeds of your sales will be paid into by cscs except you opt out of direct settlement of sales of proceeds.

Mfunkynation:
Any brother and sister using Access Bank don see Uba dividend?

Getting dividend is not dependent on the bank you use. Some people use same Access and have gotten while some using other banks have also not gotten.
Just wait you will get except if there is any irregularities in your details with the registrar which can easily be rectified.

Hogwarthtrades:
@ Emmasoft @ Eewumi and others in the house , are you aware of investment firms that accepts secondary school students interested in investment banking / finance to do some sort of internship. What is/are the requirement??

@Hogwarthtrades I don't know of any for now.

MeezPat:
I got my dividends for UBA from Afri Prud without filling any forms or going on their website.If other registrars could be like this, it would be nice

That is exactly the aim and final solution the regulators have profer to this issue of dividend payment. Investors are not suppose to fill any form once they gave their complete details to their respective stockbrokers during account opening process. It's unfortunate that many of the registrars have not keyed into this laudable innovation for more than two years now.

Well let's hope for the best that in no distant time other registrars will follow suit.

JaySterling:
Just signed up!

Please what’s the current rate of Stanbic money market ?

And how do I move my funds. Because all the money I want to invest is in my GTBank savings account

Since you just signed up, by Monday you will get your e-account number and the collection account you are to transfer your money into.

The current rate is 9.76%
Once you get those details just transfer from your Gtbank account using your bank app, internet banking, or the banking hall. Whichever method you decide to use, make sure you write your e-account number as the narration, remark, or description depending on the term your bank uses.
You can chat me up if you need other information that may not be appropriate to put in a public forum like this.

JaySterling:
In GTB mutual funds and Stanbic money market

Please which is performing better? And has better percentage yield per annum

Go with Stanbic. To open account, click the link on my signature.

dyonpoint:
How do we open a cscs account and can it be done online? Thanks.

Yes, everything both opening and monitoring the account can be done online.

To open cscs account with Investment One click the third link on my signature and complete the online form.

Requirements:

1. Passport photo
2. ID card which can be int'l passport, NIN slip, Voters card, drivers license
3. Utility bill not older than 3 months( if are you using another means of ID, you can use NIN slip in place of utility bill
4. your signature

You can call/chat me with the numbers on my signature if you need further clarification.

Some things to note on Sukuk VI Subscription

All categories of investors Individual(Retail) or corporate, HNI, or LNI are qualified to invest.

Subscription can be done whether in Nigeria or in the diaspora

You can subscribe through any capital market operator regulated by the SEC - fund managers or stockbrokers in particular.

You don't need to transfer to the issuing house or receiving bank yourself your subscription money can be paid to the collection account of the operator you are subscribing with hence you will see different firms giving you their accounts to deposit into. The operators will in turn send your subscription monies to any of the receiving banks via the issuing houses

Your returns don't go through any of the investment firms you subscribe with. It goes straight to the bank details you provided in the subscription form.

Note: there is no subscription commission to be paid by investors that is meant for the issuer to pay

You will need a cscs account especially if you don't intend to keep it to maturity. However, the subscription can still be done without cscs account. My advice is that you start the process of cscs account opening now.
Account opening is free.

Some things to note on Sukuk VI Subscription

All categories of investors Individual(Retail) or corporate, HNI, or LNI are qualified to invest.

Subscription can be done whether in Nigeria or in the diaspora

You can subscribe through any capital market operator regulated by the SEC - fund managers or stockbrokers in particular.

You don't need to transfer to the issuing house or receiving bank yourself your subscription money can be paid to the collection account of the operator you are subscribing with hence you will see different firms giving you their accounts to deposit into. The operators will in turn send your subscription monies to any of the receiving banks via the issuing houses

Your returns don't go through any of the investment firms you subscribe with. It goes straight to the bank details you provided in the subscription form.

Note: there is no subscription commission to be paid by investors that is meant for the issuer to pay

You will need a cscs account especially if you don't intend to keep it to maturity. However, the subscription can still be done without cscs account. My advice is that you start the process of cscs account opening now.
Account opening is free.

Adinije:
Can I submit form online? If so, how please

You need to submit through an agent. Here an agent is any SEC regulated capital market operator particularly fund managers and stockbrokers.

Most of the operators will require you to complete the form, do a transfer of the amount you wish to invest into their collection account, scan and send everything back to them. It's advisable to have a a cscs account before you invest.
Please note that no investor is required to pay any commission irrespective of the market operator you are subscribing with. The issuer ie the federal government through the DMO will be required to pay commission to all market operators who got involved in the process.

sirrotex:
Thanks Boss. I was expecting at least 16%. We have to manage it as it is

Yes o. Half bread is better than chin chin.

smasher1:
What happens if the signature specimen is not with them for example when one doesn't buy public offer or right issue but buys on the floor of the stock exchange via stock broking firm?

Your signature specimen will get to the registrar from your stockbroker through CSCS Plc. You will need to contact your stockbroker to start the process.

Kindly check through my earlier posts on how to go about this.

sirrotex:
This is expected towards the end of November

Sukuk VI is here!

Meerahbel:
Waiting patiently

The Sukuk VI is here as earlier alerted.

Get in touch.

spiceeamiee:
Please send me deatils and account opening form for this on mimidec49@yahoo.com

Account opening form sent.

ojesymsym:
unfortunately, this was not my experience. In my case I had to fill another mandate form for the other stockbrokering firm because I did not received the dividends from the same stock bought in another company.

It's a possibility if your details particularly updated kyc from the first stockbroker is not at the cscs and sometimes registrars are lazy and investors will have to do all the wahala even when the system in place was supposed to mitigate it.

decargne:
Hello, please I want to know if all accrued devidenda from the little UBA stocks I bought 18months ago will be credited to my account upon submission of the e mandate form.

If not, how do I go about it please?

Thanks

Yes, everything and if they do a thorough job even other companies they handle where you have holdings will be credited if they are all under same CHN. For Africa Prudential you can fill the mandate online.
However, before completing the mandate be sure your signature specimen is with them.

@Umargarr you don't need to fill another mandate. The Registrars who are in charge of dividends work with the CHN of investors when processing dividends and once they have it, irrespective of the stockbroker you used it will be processed. It's even the reason we encourage investors here to provide thier current CHN to a second or third stockbroker they wish to use in other to avoid any issues when it comes to dividend processing.

leparj:
I am yet to received zenith interim dividend too.
I also use Access Bank.

Zenith Bank interim dividend and any other dividend

For everyone who has not received Zenith bank interim dividend, just relax especially for those who have been receiving through their mandated bank account before now, except for the first timers which may mean that your signature specimen is not with the registrar and if they have not keyed into the automation of collecting investors details from cscs. In any case, you can raise the alarm after COB on Tuesday 3rd of October if no credit alert.

Note that payment of dividends is not based on the bank you are using because there is NUBAN (Nigerian Uniform Bank Account Number) which is standardized for all the banks and uniform with the first 9 digits to indicate the particular bank and the specific account in that bank while the last digit is just to check the validity of the other 9 digits.

So the most likely arrangement as per payment will either be by surname, registrar's assigned account number or the registrars just obey a simple regulator's rule of dividend payment.
Remember all transfers in Nigeria also involve NIBSS (Nigeria Inter-Bank Settlement System) which may also have their rules of engagement.

In all just calm down so far you are qualified for any dividend declared by a listed company, you will get it if it's not older than 12 years except if the law has changed based on what the federal government proposed some years back.

sterlingD:
What he is trying bto say is that like ARM they create a virtual account for their clients through which any day and any time including weekends you can fund your wallet account directly, seamlessly and instantly in preparation for trading through electronic transfer.

Okay. Thank you. Customers can fund their wallet accounts instantly and directly when you fund using investment one app.

Hogwarthtrades:
Any clue if there will be improvement of same day fund reflection in our respective brokerage account ? How difficult is it for Ione to adopt monnify deposit option like ARM does?

@Hogwarthtrades I'm not too sure what you mean but as for the deposit for shares reflecting in your brokerage account, it is a matter of minutes if the transfer is done using your bank app or online banking transfer or instantly if done using the Investment One app. However, if the deposit is through your bank your customer number must be written as the description or narration and evidence sent to customer care.

Most times delay of funds reflecting in brokerage accounts is when there are some irregularities in the process involved in the deposit e.g. third-party deposit, POS deposit, or non-indication of customer number as narration.

On the other hand, if it's a reflection of proceeds is what you mean, proceeds of sales are deposited instantly as you sell and the proceeds can be used immediately for other purchases of your choice. However, this is possible if you opt out of the direct settlement option otherwise proceeds will be paid into your bank account directly by cscs following the regulator's T+3 rule.

Please be in touch using the numbers on my signature if you need to have more clarification or share more sensitive information that may not be proper on a public forum like this.

Thank you for your continuous patronage.

dejiotus:
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.

There is no any form of restriction. It could be the limit from your bank on transfers using the bank app. The only restriction I know is for Tier 1 account which is actually for financial inclusion where 20k is the maximum single transfer and the account cannot hold more than 200k, outside this there is no restriction whatsoever.

Kindly check with your bank.

Attention: All Investment One customers and prospective customers
Kindly check the attached.

In addition, a third-person transfer is also not allowed. The transfer must be from any bank account that has your supplied BVN attached to it.

Thank you for your continuous patronage.

Deadlytruth:
That exactly is what I wanted to clarify to him. As long as a particular stock is not under technical suspension, it will always be available anytime the floor is open.
Another sentiment behind the assumption that stocks like NESTLE and maybe the likes of TOTAL, OKOMU, etc are hard to get is the stereotype that since they are of very high prices, only the super rich are allowed to have access to owning them hence according to the average Nigerian's perception, the ordinary investor is deliberately blocked off them by the rich.
I recall when I introduced a friend to the stock market in 2007 and each time he sent a mandate to his Stockbroker and the latter failed to carry it out due to scarcity occasioned by full bid for the stock, this guy would begin to propound conspiracy theories on how the cabal in Aso Rock owned most of the shares of all companies and for fear of the poor becoming rich like them, they are making sure that stocks are not available to buy. I had a very hard time trying to get him to apply his knowledge of demand and supply in Elementary Economics.

@Deadlytruth I can relate. Honestly, some people instead of seeking knowledge just conclude on the wrong premise and this is really affecting their investment pattern. Thank God for people like you and other ogas here sharing their knowledge if not it will be worse.

Deadlytruth:
Care explaining how you came about the perception that NESTLE is hard to get?

I know there are some illiquid stocks but most folks here complaining of a stock hard to get normally will place a bid at a price that is perhaps -10% of the previous day's closing price and think since the system accepts, then it will be a deal. It does not work that way if you place a price limit that is too low compared with what sellers are offering, you may never buy a stock no matter how liquid the stock in question could be.