₦airaland Forum

javijabor:
Please where online can one check the current interest rate for Stanbic MMF?

For Stanbic click this link https://www.stanbicibtcfundsmanagement.com/mfprices

For Investment one click this link https://ibank.investment-one.com/mutualfund/dailypricelist/ionedpl.pdf

OlamideBoss:
What is the difference between dividend stocks and Mutual fund and how can one start has a beginner.


What is the minimum amount to start and the process to follow ?

And answer please.

As a beginner you can come over to investment one financial services and I will personally tutor you on the various investment windows available and how you can benefit from them.

To begin your investment journey click the link on my signature to open mutual fund and stockbroking accounts for free and we can take it up from there.

You can also reach out to me with the number on my signature.

Note: you can invest in mutual fund or stocks with as low as a thousand naira.

barrlabs975:
sorry i couldn’t find the contact, can you dm or should i write my number may be you give me a call and or we will do whatsap .. hope you don't get offended

My number is written with red on my signature. I already dm you.

barrlabs975:
Pls i need contact of a broker urgently. I bought this 6,500 unit shares from oceanic bank then in 2008 and i never know how to go about it because they changed to Ecobank. please what do i need to do because i don’t even have the certificate.. only one paper where i can see the certificate number.

see my contact on my signature from Investment One.

Marketapprentic:
I am also seeing the possibility of Flour mill buying us out in cash or assimilating into the main coy via share exchange like happened in CCNN & BUA. Or is HONYFLOUR going to continue as a separate entity afterwards?

Yes. As you mentioned they have the three options:

Buy out minority shareholders
Do share exchange at an agreed ratio
Honeywell operating as a separate entity and a subsidiary
The option they agree on will definitely be what will be to their advantage. The owners always put their interest first because to do business you have to mean business.

OBAGADAFFI:
We should be happy.

But it is dependent on how much HNG will pay shareholders.

This is what is happening:

There is just only two shareholders involved with one buyer.
The minority shareholders is to watch how things will play out, but from fundamentals point of view shareholders in Honeywell flourmills should be happy because the buyer is of a higher value than where they are currently.

FMN is buying holdings of two big shareholders in Honeywell flourmill
ie from Honeywell group Ltd and FBN.
The majority shareholder in Honeywell flourmill will change and that will change the ownership structure and in turn the administrative and corporate governance structure.

samguru:
https://doclib.ngxgroup.com/Financial_NewsDocs/34601_FLOUR_MILLS_OF_NIGERIA_PLC%20FLOUR_MILLS_OF_NIGERIA_PLC_.pdf

he don happen Flourmills Nigeria PLC has acquired Honeywell Flourmills PLC

Never say never. Nothing is impossible. The signs have been all over just that we had more doubters than those who believe it will happen. Remember when Honeywell move from N1.70 to N4 that was actually the climax. What we see today is the paper work.

Natajo2021:
What is your brokerage fee or percentage for stocks purchase and sell?

The trading charges are the stipulated statutory charges as stated below;

BUY

Brokerage

1.35%

VAT on Brokerage

7.5%

Stamp Duty

0.075%

Sec Fee

0.30%


TOTAL 1.82625% (Excludes N4.30 – X Alert Fee)



SELL

Brokerage

1.35%

VAT on Brokerage

7.5%

Stamp Duty

0.075%

NSE Fee

0.3%

VAT on CSCS

7.50%

CSCS Fee

0.30%

VAT ON CSCS Fee

7.50%


TOTAL 2.17125% (Excludes N4.30 – X Alert Fee)

Click the link on my signature to open stock and mutual funds account with investment one.

Come over to be part of the winning team

Click the link on my signature to open stock and mutual funds account with investment one.

Come over to be part of the winning team

Click the link on my signature to open stock and mutual funds account with investment one.

Come over to be part of the winning team

ignis:
Dumb stuff always attract dumb people

Folks no need for such negative words.
In investment arena, there is nothing like dumb person or dumb questions. Whatever you say or do to help you make informed financial/investment decision or take calculated risk is good enough no matter the opinion of others.
Wishing you all a fruitful week ahead.

mumu9gerian:
Well I wouldn't mind having a basic info

Please check up on the thread on this same page my earlier post in response to @Allboiz. You can get basic info about VDF.
You can also reach me with the phone number on my signature.

mumu9gerian:
Is it really worth it and how is the interest like?

That is where DD, investment objectives/personal strategy, volume of funds, risk tolerance etc. comes to play.

Rate is at range of 4-6%

emmanuelewumi:
No conversion, you pay your in flow into the account

Oga Emma thanks for your inputs.
Just to add to what is already said,
Dollar fund will only accept inflow in dollars. Fund managers are not allow to do any currency conversion transactions for clients. All inflows should always be in d currency the fund is dominated in.
That means you must have a Domiciliary account to invest in VDF.
Returns also is in dollars, no conversion

Oakbranch:
I was thinking about investment one.how can I get the details. Is this stock broker listed among stock brokers in Nigeria.how do I get your link for a conversation.

Check my signature. My phone number is there. You can call or chat.
The link to open account is also there.

The requirements
Passport photo
ID card
Utility bill not older than three months
Your signature.
You will be required to attach them at the last page of the online form

Oakbranch:
Can you or anyone help with the name of any stock brokers in the class of Morgan securities in all terms. I am in need of one.

Come over to Investment One.

Click on the link on my signature to register and get your cscs and trading account for free.
Everything is done online.

Josh121:
Abeg house , I am confuse ooo , did FBHN declare any dividends ? I wake up to Alerts I don’t understand ooo

The dividend you received should be unclaimed dividends you have with them before now as far as it's not older than 12 years. They just updated your account. It's not only FBNH , they also did it for other companies they are managing.

The process for investors receiving their dividends automatically after share purchase is in the making.

Allboiz:
Do you guys have dollar mutual fund investment

Yes we do. Vantage dollar fund VDF.
You need $500 as initial deposit

VDF
The fund is an Open-ended Fixed Income Dollar Fund and will invest in Nigerian Originated Dollar Denominated assets (Sovereign and Corporates). The fund seeks to provide investors with bias for dollar denominated securities access to such securities, which ordinarily would be inaccessible to them by virtue of the minimum amount typically required to make such investments.



Key Features

· Open-ended unit trust scheme which is duly authorised registered in Nigeria

· The minimum investment amount is US$500 with additional investments in multiples of US$1.00. The Fund Manager however reserves the right to review these amounts as the need arises.

· Redemption will be paid within 5 Business Days after the relevant documents have been submitted to the Fund Manager.

· Every unit holder shall be entitled to receive from the Fund Manager an Electronic Certificate for the number of units purchased by such unit holder. The Electronic Certificate shall be conclusive evidence of the number of units held.

· The minimum holding period in the fund shall be 180 days. However, the Fund Manager is aware that investors might have need for their monies within the minimum holding period and as such would allow redemption during the minimum holding period subject to a 15% charge on the positive total return on the units being redeemed on the day of redemption.

· Dividend will be paid from the income earned to unit holders annually.

· Dividend can either be reinvested into the fund or credited into the unit holders’ bank accounts via electronic means

· Interest earned is currently between 4% to 6% per annum

Lovelynife:
Thanks so much I will finish my registration on investment one now then

Okay.
You will receive an acknowledgement email immediately you finish the online registration.
Let me know when you are through with the registration for my follow up.

Lovelynife:
I will rush to withdraw my money from Opaywealth then. Though am still enjoying it (50k and daily interest is #18). Please what is the monthly interest of vgif or Abacus using 50k as example sir. Please i will be greatful if you can help. Thanks in anticipation

Abacus rate as at yesterday was 7.56% per annum. You get interest prorated daily and the interest is paid or reinvested on the first day of another quarter.

Please note that Abacus money market fund is a low risk investment and the capital and returns are guaranteed.
Basically in most cases the lower the risk the lower the returns and vice versa.

If you have 50k you get a minimum 3,780 in a year which translate to 3,780/365 for a day ie 10.37.

These values changes once your capital increases by top up or decreases by partial redemption

emmanuelewumi:
Reason why I asked for the type of license. SEC issues different licenses for capital market operators, they have for lawyers, accountants, issuing houses, Investment banks, exchanges, fund managers, portfolio advisors. capital market agents etc.

He can't be a licensed fund manager, what is the name of his fund?

If he's registered as CMO and he operated a product that is not registered with SEC he can still be sanctioned. There are some stockbrokers who have gone under as result of such actions.

idtwo:
Is this 7.56% per annum, per quarter or what? Do you have two different mutual funds? What is this VGIF you mention sometimes?

The 7.56% is per annum but is prorated so that u earn interest daily.
Yes they are two different forms of mutual funds. Abacus is a money market fund while vgif is in the fixed income category of mutual funds. Their operations and rates differ.

SOME SIMILARITIES AND DIFFERENCES BETWEEN ABACUS MONEY MARKET FUND AND VGIF

Similarities:

They are both mutual funds and Low risk investments compare to stocks
Interest is earned daily, accrued and can be reinvested.
Capital and interest are guaranteed.
Redemption for both is 72hrs or less.
Opening account for both is same method and requirements.
Both funds can be invested in for minors
Bothe products accounts can be monitored online and with app.
ACCOUNT FOR BOTH FUNDS CAN BE OPENED BY CLICKING THE LINK ON MY SIGNATURE

Differences:

Abacus is money market fund while VGIF is fixed income
Rate of VGIF is benchmarked with SDF and can only change if the CBN changes SDF and will only take effect July 1st or January 1st. Rate for abacus is daily valued.
Underlying assets for Abacus are basically treasury bills and commercial papers; for VGIF it’s FGN bonds, some corporate bonds with very insignificant portion in stocks
Interest is paid twice a year for VGIF but quarterly for Abacus
Minimum withholding period for VGIF is 180days (6months) and 30 days ( 1month) for Abacus
Minimum initial deposit for VGIF is 50,000 and for Abacus is 1,000

habayommy:
What is the ROI?

7.56% as at Friday last week and it's upward looking.

It's 7.58% today

Lazyyouth4u:
Of all the asset management firms in Naija, why are you the only one that is here marketing shamelessly every blessed day? Doesn’t that say something?

@Lazyyouth4u thanks for your observations.
That you could observe I market is actually a plus base on my role at investment one.

The truth is that every profit making organizations do what is within the law to get customers and that can be at any forum that is allowed and they feel could help them meet their target.

There are other asset managers here perhaps they are not as aggressive in marketing as myself hence you think I'm the only one doing this here, it's most likely in other forums or media they are more prominent.

If you are in Nigeria particularly in Lagos you would have noticed large and expensive electronic billboards of very large organizations like MTN and the likes. That is marketing. Sometimes you get unsolicited sms from various telecom operators and banks introducing their products that is marketing.

So I have nothing to be ashamed of to market a product I know will help the finances of others. More so there are new entries into the forum who will need to learn from the different posts and make informed financial decisions.

You may be very much financially literate as not to need the posts but I can assure you many need it out there.


It will amaze you the responses I get and how some folks here have benefited.

Please understand, my marketing investment one is not a sign of anything to be weary about.

Investment one is a duely registered and sec regulated market operator in Nigeria with clients within and in diaspora.

There are verifiable data you can check up and many folks here who are already on board can testify.

By the way I don't mind if you can check us out.
I will personally be there for you to give you a VIP treatment.

You must help my ministry o. Waiting for your click on my signature. God bless you.

Take care of your January 2022 now.

Today is 31st of October 2021. It's exactly 61 days and we shall be in January 2022 by God's grace

Don't be caught in the usual long January thing as a result of end of year spendings.

You can start from tomorrow to keep money for your January financial support into the Abacus money market fund managed by investment one.

By January 1st 2022 you will be paid interest prorated for the two months at 7.56% or more with that your January well be well taken care of and you will be liquid as per cash.

To start, Click the link on my signature to open account for free. You need a minimum of N1,000 to start investing after your account is opened.

You can also reach me on phone if you need more clarifications.

Take care of your January 2022 now.

Today is 31st of October 2021. It's exactly 61 days and we shall be in January 2022 by God's grace

Don't be caught in the usual long January thing as a result of end of year spendings.

You can start from tomorrow to keep money for your January financial support into the Abacus money market fund managed by investment one.

By January 1st 2022 you will be paid interest prorated for the two months at 7.56% or more with that your January will be well taken care of and you will be liquid as per cash.

To start, Click the link on my signature to open account for free. You need a minimum of N1,000 to start investing after your account is opened.

You can also reach me on phone if you need more clarifications.

sonofElElyon:
Well... Tough luck for Ucap holders ! I don't have shares there...

If you understand very well the business of fund management, with this announcement of another fund under their management it actually means more money for UCAP

Samken2:
Which platform is best for investing in mutual fund

Come over to investment one and subscribe to Abacus money market fund.
Open account by clicking on the link on my signature. You can do everything online.
Account opening is free.

Lovelynife:
Good afternoon. Please what can you say about Opay wealth? Is it realible and what is the risk level? Thanks in anticipation for your response

I don't work for the firm you mentioned I'm with Investment One. Professionally, I'm not in a position to say a firm is good or bad rather all investors are advised to do their due diligence before making any investment decision.

However, you can check the post Look Well before you Leap I posted last year October and repeated 18th October 2021 on the treasury bills thread for some guide when choosing an investment product/firm.

siofra:
Hi I'm new to this. I want to hire a broker how do I start?

I don't fully understand what is even going on here. Please help me.

Go through the articles from the link below as a way of introduction to stocks. You can get more materials online/offline and continue to follow this thread, with time you will understand better.
Please note that knowledge about stocks and investment generally is a continues exercise not a one-off.

https://nairametrics.com/2019/07/10/how-to-invest-in-nigerian-stock-exchange/

https://guardian.ng/business-services/capital-market/how-to-buy-stocks-a-beginners-guide/

https://guardian.ng/business-services/money/how-to-trade-stocks-in-nigeria-a-beginners-guide/

To open a stockbroking/cscs account click the link on my signature or get in touch through my phone number.