Dollar Mutual Fund
A dollar mutual fund of 12.13% is available at Norrenberger Asset Management.

Get in touch with my displayed contacts.

emmasoft:


Just leave Conoil, they are always in their own world when it comes to dividend payment. Their corporate action is something else. It's a case of waiting and when you see you collect. Na their way!

From NGX Website
Conoil Corporate Action

Closure Date: 30th June 2023
AGM Date: 22nd September 2023
Payment Date: 29th September 2023

Hogwarthtrades:


Not received alert yet, last year dividend was in November, weird the notice for this year shows 11th august for payment date. will keep an eye out, to update if e show.

Just leave Conoil, they are always in their own world when it comes to dividend payment. Their corporate action is something else. It's a case of waiting and when you see you collect. Na their way!

winnerr:
greetings. please, anyone kind enough to point me to how i can get started on stocks investment?

If you have set your investment objective
You are ready to ready and learn
Not risk averse
Have some level of patience,
Click the third link on My signature to open a stock/cscs account with investment one stockbrokers.
Account opening is free.
My contact is displayed if you wish to get in touch.

essentialone:


List the stockbroking firms that play NASD.

Investment One
CSL
Morgan Capital
and many others.
Go to NASD website and check members/partners you have the comprehensive list there.

Hogwarthtrades:
Question for NASD Active players, is there a broker that has live trading platform option or fast execution looking for alternative to Investment one ( I am aware You are not liable for your suggestions... as well as if there's no offer there's nothing to buy) .Thanks for your suggestion.

The NASD platform is not liberalized like the main NGX. Investors can't trade directly on the NASD platform you have to send your order to your stockbroker to be executed when there is availability of the stock. The NASD is not a very active platform so trade execution there is very slow compared to the main board. The majority of the deals in NASD are by cross deals or you just have to be patient. 95% or more of the investors in NASD are long-term players or owners, They hardly sell. I know someone that wish to buy ASL for up to two months now he's yet to get a seller.
It's even not all stockbroking firms that play NASD.

chimex38:

When do one participate in right issue.. And how do you know your broker will buy at that price..
E. G Fidelity just dropped disclosure yesterday On right issue(no price indicated)
First bank is on its way..
For an existing shareholder
So how does he/she key in at the right issue price.?.
Anyone knowledgeable please..

Don't worry. In the capital market right issue document is a public material everything about the right issue will be stated in black and white such as the price, and quantity of shares due to each investor and opportunity to buy more in most cases at a ratio also stated in the right document. The truth is that you actually don't need a stockbroker to take up your right. You can go to any of the receiving banks and submit your completed form. With the information you supplied on the form, your right will be credited to your cscs after the regulatory procedures.

Note: The form or sometimes the link will be sent to you by the registrars to the company, It can also be requested by the shareholder if not sent, you are required to download, complete, and then submit with any of the receiving agents your stockbroker inclusive. It's also important that you open a cscs account if you don't have otherwise there will be no place to domicile your shares because the era of paper certificates is passed.

BabsO2:


Individual access expires. It has to be renewed yearly.

Not everyone goes through broker to get a copy of CSCS statement when one can have an individual access.

@BabsO2, It's the use of language. That means he meant to say his annual subscription expired not cscs account expired. Yes, cscs account annual subscription access expires but the cscs account itself doesn't.

abuhusna1:

My cscs account is expired when will it show on our brokers account

There is nothing like that. CSCS account doesn't expire. Send a mail to customer care to ask for your statement. It's a free service.

MTN Script Dividend

Please note, if you opt for script dividend in the full-year 2022 corporate action of MTN, check your cscs account the shares due you have been credited to shareholders' CSCS accounts.

Streetinvestor2:
It looks you they follow insurance companies. I wrote Meristem registrars yesterday. No reply.Do you know if international energy insurance ever did reconstruction of thr shares since they came into operations. I have searched and can't find any thing. I want to know why my shares reduced from 500,000 to 103,000

Pls anyone with info,thanks

Yes IEI did share reconstruction I think in 2012.
I don't have details right now but I know they did.
https://allafrica.com/stories/201309180235.html

TolulopeM:



Please what app would you recommend for trading/investing in Nigeria Stocks

I will always advise folks to open a stockbroking account with a regular and regulated stockbroking firm that has an online trading platform/app. The app should not be the first point of call.
Of course, you can come over to Investment One Stockbroker all you need to do your trading/investing is available:

User-friendly online platform and app
Professional advice and investment education
Excellent customer relations and more.

teejay5:
House pls when is the next treasury bill auction

Since there was no auction last week, then it should be tomorrow. If you wish to participate get to your bank today before 10am to apply.

Kreos44:
When is zenith Q2 going to be released?

By regulatory rule, it will be released latest on 31st August 2023 because it's an audited half-year result that is expected.

hias2012:


Investing in equity fund is less risky than investing in stocks as an individual. The equity mix funds, particularly examples of those I had listed are split between money market and equity to further minimize the risks and with higher yields. Besides, you have experts managing same on your behalf. Fixed Income fund is basically not as yielding because it rides mainly on bonds, money markets, etc - hence it is called fixed income. There is actually no point investing on low income yielding investment these days except as a holding place in view of a major decision, and as opposed to savings in the bank. For someone like me with high risk aversion would readily settle for such mutual funds with history of satisfactory performance. So most saying invest in dividend stock should also advise that people look at these funds, which are a mix of equity and money market for the purpose of higher yield than money market alone. Especially here in this forum, where majority is like me - risk-averse investor.

When you invest in an equity-based fund during a bearish market you will understand better why I said investing in dividend-paying stock directly is preferred. True you will be told it's less risky and managed by professionals but the fact is that it's the state of the market that determines the returns on equity-based funds. Whether professionals or novices the market has a mind of its own.
However, go with what you are more comfortable with.
Your strategy or investment objectives matter when it comes to investing.

Audacius:


On e-dividends matter, this might help some persons also: It so happened that there was an error in the order of my name for BVN. It was different from the order with my bank.

BVN: Second First Surname.
BANK: First Second Surname.

E-dividends were unresolved till customer service pointed the error out when I went to resolve something else. A stockbroker confirmed the disparity will prevent dividend payment. I had to swear a court affidavit to get the BVN error corrected at the bank.

Shortly after, I got my dividends.

You are very correct, from experience, BVN name arrangement has prevented many investors from getting their dividends.

Actually based on the kyc drive that started about two years ago by the regulators using the stockbrokers, having the correct name arrangement on BVN, and all things being equal, investors can get their dividend even without completing the e-mandate form.

VeeInsider:
Thanks for this. Regarding your last line, can you list good stocks that pay dividends and how often are the dividends paid?

I'm new to dividend paying stocks.

You can contact me through the numbers on my signature or go to the stocks thread for answers to such questions to avoid derailing this thread because here the discussion is supposed to be restricted to mutual funds. Thank you.

hias2012:
Hi everyone, why is it that there is no discussion at all around other mutual funds like Balanced Funds, Fixed Income Funds, etc, in this forum?

Funds like Stanbic IBTC Balanced Fund, Iman Fund, which are also relatively less volatile, and some had yielded above 50% profit this year are never discussed here but only Money Market fund with abysmal return is getting so much attention. Is there any reason people are not interested in this category of funds?

Please let's hear from experts in this forum so many of us can learn.

Check my previous posts on fixed income fund particularly SFS fixed income fund which I'm involved in.

Most of the investors here tend to lean towards low-risk investment hence MMF is always discussed. Other funds like balance funds, growth funds, and equity funds carry more risk compared to MMF and fixed income hence most investors that will invest in such funds must have gained some confidence otherwise they remain with low-risk MMF. It's true that rates are low yet it's still better than leaving your money in a savings account. Remember it's a case of low-risk low returns and vice versa.

Another issue is the mode and duration of the returns on other funds, Some of them pay dividends once a year, and sometimes no dividends. The minimum holding periods of some of these funds apart from MMF are seen to be too long.

Personally, I advise my clients to invest directly in dividend-paying stocks instead of equity funds since it's practically the same risk involved.

jimmiedave:



Thank you so much for your response. The name of the stockbroker is ESS INVESTMENT, I tried contacting them, but couldn't reach them and before now i was trying to do some changes like change of address and email address but i was not able to do that, they say i cant do it myself except the broker because i bought the shares from secondary market, something like that. i have tried the e-mandate form but didn't work out. dont really know what to do. am actually in Lagos.

call/chat me up. See my signature for contact.

jimmiedave:
Good day to everyone here. pls i need help concerning some shares i bought years ago. i was introduced to shares in 2006, i decided to buy some, but till now i have not been receiving anything like dividend from any. the person that introduced me to it opened CSCS account for me then, I still have the details. pls what should i do. i bought Japaul, first bank and UBA. and concerning Japaul i don't know if is the same as japaulgold now or the stock is no more existing.
kindly advise me on how to start getting those dividends or possibly selling some of those stocks. Thanks

Since you have a cscs account, check the cscs statement, the name of the stockbroker will be there. You can find out if they are still active or dead or visit CSCS at the stock exchange building to ask for a printout of your cscs statement. Go along with a means of identification. If you are not in Lagos, send a mail to cscs asking for your statement, Please note this comes with a fee.

For the dividends, you can download and complete the e-mandate form from Meristem, Pace, and Africa Prudential registrars respectively to claim the dividends from the companies you mentioned. Note: for the UBA dividend, you can complete the mandate form from Africa Prudential Reegistrars' website.

Contact me with the numbers on my signature if you need more clarity.

Tohmey:
sir, which other investment that can give upto 20% per annum

I don't know of any government-regulated investment that can give 20% right now.
However, Just as I posted earlier, investment in the stock market can give you that or even more.

adedayo77:
There could be other investment vehicles that can give you higher interest but they also come with higher risk.

[b][/b]
Do you know any?

Investment in Stocks could give you more returns if you have what it takes. Remember return of investment is more important and to be considered first before the return on investment.

tenderjunkie:
Am I the only one having one funny error message when trying to access my stanbic mmf?

Everything is working fine with Stanbic MMF it's possible your network or device issue.

adedayo77:
With the inflation rate in this country, it's advisable to invest let say 5M in Stanbic mmf and getting the interest (gain) of 45k per month base on my rough calculation.
I think that 45k is too small compare to inflation rate.

It's true the inflation rate is high but your 5m loses more value when it's not invested in any instrument.
There could be other investment vehicles that can give you higher interest but they also come with higher risk.

Wotowotoman:


If all these people come t their own from salary, how man pikin go still get money to save

Actually, that is what happens to everyone in one way or another all over the world. These bills must be paid. Hence experts say PAY YOURSELF FIRST. One must be intentional about it. Remember the amount will differ based on your income but everyone that plans to have some financial freedom some day must just have to put some amount aside even if it's little at a time. Check again this book - The Richest Man in Babylon.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

Maximus85:
I need your help, myself and my three siblings bought Zenith share offer in 2004 and since then we have not been following it. What can we do to gain control of these shares?

Please I need your urgent response.

Thanks.

You guys will have to visit the registrar, Veritas registrars, Plot 87 Ajose Adeogun Street VI, Lagos just by Zenith Bank head office.

Each should go along with means of identification. Any of NIN slip, Voters card, drivers license is acceptable.

One passport photograph each.
At the registrar you will be given an e dividend mandate to complete and return back to them. That is what you need the passport photo graph for.

Each of you will also be given a demat form that will contain details of your holdings.
You will need a stockbroker to process the demat form this will help help to have your shares in electronic form in your cscs account.

You can open a stock/cscs account for free with investment one stockbrokers. Just click the third link on my signature to register.
You can also be in touch with my displayed contacts if you need further clarifications.

[quote author=yinkaoke post=124708978]Hello Emma, please when is the best time to buy into the dollar mutual funds now or end of the year or early in the year? Also is gt funds mgers okay ?

Thank you for your anticipated reply

/quote]

For best rate in dollar fund check out NORRENBERGER ASSET MANAGEMENT

Streetinvestor2:
I don't get it.why would the resident House charge me when they are not rendering any service to me.The only reason I would want to open another account is to move from another house.

Pls anyone who has transferred from active house before should share the cost implications.

What I posted is not what I was told or read in a book. It's what I know and do.

Streetinvestor2:
How long will it take to move from active house to investment one.And the cost implications

The time is much more dependent on the resident house.
If you already have an account with investment one and the resident house ie the house you are moving from cooperate maximum is 10 working days.

The cost implication or charges is on the side of the resident house. They will charge and it varies from house to house.

The target house ie investment one will not charge anything.

If you don't have account yet,
Click the third link on my signature to open account with investment one. It's free.
I'm also available you can get in touch.