₦airaland Forum

1kinggy:
Please what's the average time frame for resolving CSCS issues involving transferring of shares from delisted brokers

If all requirements are fulfilled, starting from the day you do your biometric at cscs and every other documents get to the new investment house max is one month all things being equal.

just2endowed:
How long will it take if I choose to open with your investment firm?

48hrs max

wura2u:
Please note that CSCS will charge you annual registration fee.

No. That is not what I mean. CSCS don't charge for biometric. It's just a way to verify that you are the authentic owner of the cscs account and the chn from a particular investment house especially if the house has gone under. They charge if you want to be able to check your cscs online as an individual investor.

just2endowed:
I think I have a cscs account but I can't remember. It was 2010 then when I first bought my first share... Honeywell flour.i beg is there a way I can retrieve my cscs account?

How did you buy the shares? through a broker? ie secondary market? If yes, do you still remember the investment house or contact of staff? if yes call them and ask them to send your cscs statement. You will get all the information on the statement otherwise
and second option if answers to the questions are NO and if you reside in Lagos you need to go to cscs office at the NSE build with valid acceptable ID card tell them you want to have your bio-metric done and at the same time print your cscs statement
Third option and if not in Lagos click on the link on my signature to open another cscs account with investment one.
You can also call or chat me. My number is on the signature as well.

brane:
I visited the VGIF page on investment one website. I couldn't find the 8.5% guaranty. Am I missing something?

when you visit the website scroll down to subsidiaries and to fund management there you have all categories of mutual funds including VGIF. click on it and you find facts of the fund.

Akerewe:
Hello chief emmesoft, if I open my cscs with investment one can I still proceed to apply for the sukuk bond through stanbic bank?

Yes if u so wish.

Akerewe:
please what is the different between investment one cscs account and stanbic bank cscs account

CSCS means Central securities clearing system. It's d depository body that houses all investors shares electronically. They issue cscs account and CHN through capital market operators licensed to trade on the NSE. You can pass through any of the licensed operators to get it of which IBTC and Investment One are examples of operators. However, the process of opening cscs differ from operator to operator especially in the aspect of initial cash deposit

Akerewe:
I can't find d link please, moreover is investment one legit

Look at d bottom of my post it's there.. U can also see my phone number there. Investment one is former GTBank asset management it's legit and register n regulated by SEC. Some folks here are clients of Investment one

Akerewe:
Please House, I was told to open a cscs account with stanbic bank I must have a minimum of 5million naira and without cscs account I cannot partake in the ongoing fgn sukuk bond. Please what are other available channels

Click the link on my account to open the cscs account with investment one. You can also submit the completed form through investment one. You don't need cash to open the account

Risingcash94:
Thanks for your quick response. But I do not know how to go about it. I live in PH. Can it be done online? Is the cscs compulsory. What about the custodian ac. What if I open an account with any of the banks listed, will that cover up as custodian a c or and cscs? Thanks again for your indulgence.

To add to @unite4real
Cscs can be opened online with investment one. Click on the link on my signature to do that.
Leave custodian account blank it's different from cscs.
CSCS is not compulsory but necessary and better for you to have it.
You don't need to open a new bank account for this purpose.

emmanuelewumi:
Afriland Properties paid 20k this year

CSCS paid 86k this year

Friesland Wamco paid N7.80k last year

Niger Delta paid N10.00 last year

Update: Niger Delta Exploration has proposed N17 this year. AGM and payment is 17th June. Qualification date is 29th May 2020

Princecanada:
How can I invest in this VGIF mutual fund sir? I have a million naira that I want to invest.

click the link on my signature to open account online.
Before that, get ready your passport, ID card which can be any of : Int'l passport, National ID Card. permanent voters card or NIN slip, utility bill and your signature on a white sheet. You will be required to upload them at the last page of the form. When you finish, an acknowledgement email will be sent to your email box. That is all. You wait max 48hrs normally less if no kyc issues. Your account details will be sent to you which contains also the fund manager's account you are to transfer your fund into.

When you click the link you can as well open other products account like Abacus and stockbroking all at once.
Please note that investment one will never demand cash to open any of the products account.
You can also call or chat me, my number is on my signature.

LegitBitcoinBuy:
Thank you sir


Sir I have never invested in a mutual funds, my concern is how liquid is this, I don’t want to spend 1 week on withdrawal of funds

@LigitBitcoinBuy VGIF is a mutual fund in the fixed income category. the rate is 8.5% guranreed with extra 35% extra of funds gain. You have opportunity to reinvest your interest if you so wish. interest is prorated and earned daily but paid twice a year. You can read more on my earlier post on this thread and mutual fund thread. check my contact on my signature for chat or call and link to open account online.
To redeem mutual funds it's as easy as withdrawing your money from the bank. Though what normally is written on the prospectus is 3-5 business-day that is a regulatory statement telling you when an investor should raise concerns. The truth is that mutual funds redemption is in matter of hours if done before 12 noon on a businessday

emmanuelewumi:
My NASD account is domiciled at United Capital Securities

That is why I said some. The list is not a full list. I just gave the ones that came to mind Sir.

emmanuelewumi:
Find out if they can open NASD account for you

Some stockbroking firms that can trade NASD stocks:

Investment One
Morgan capital
CSL stockbrokers

Currently for Investment One, you can't trade on NASD platform as a client like is done on the NSE main stream, and I think it's same with others as well. If you wish to buy NASD stocks like CSCS, Afriland, WAMCO (Peak milk), etc you give instruction through mail and your order will be executed.

[quote author=LegitBitcoinBuy post=89975936]Thank you ma’am

Ma I thought about it too my only concern was that the regular interest rate for a savings account is 4.05% (and it is compounding) while the MMF is usually fluctuating and it’s currently around 5-6% across all the asset management companies, I thought that after transaction costs it won’t be much difference between MMF and bank savings it’s why i didn’t consider it in the first place.



I can suggest as usual to go for VGIF managed by investment one. The guaranteed rate is 8.5% with extra 35% of funds profit and WHT free. You also have the opportunity of compounding, free entry and exit after the first six months. check my signature for contact and link to open account.

Donbrig:
I think those who invested in Sukuk will know if they are successful or not by next week Wednesday/Thursday. Those with recent happenings with sukuk should pls update us.

Please note: Your status in primary offers like this sukuk bonds, shares, Tbills, etc. will be known at the end of the exercise. All subscribers has equal right irrespective of the date you submit your application form whether the opening date or closing date.

[quote author=stcool post=89952529]Good day all, please I need info for a friend.

A friend wants an investment that can guarantee 10% - 15% per annum.

He is an Igbo businessman and used to invest in treasury bills hence he is looking for another investment opportunity.

He does not want to do fixed deposit due to low rates, No stock market.

*Initial investment N20M

Anyone knows any good investment/assets management company that can deliver. Preferably an investment house may be bank/ insurance subsidiary etc that can pay a return of 10 - 15 % per annum.


Thanks
cc: Oracle, Pa Emma, CoolCash, Loco, etc.

Kindly help. [/quote

I will suggest 30% of capital in VGIF with Gurranteed 8.5% interst and extra 35% of funds profit, 30% in Zenith Bank shares and 40% sukuk bond
Incase any business show up he can quickly cash out of VGIF without penalty since interest is earned daily and paid twice a year, though Zenith is equity, dividend is sure since 2004. Sukuk 11.2% is double sure for Seven years.

economia:
Respect to all the sabi-people in this place. What stock can you sujest is currently under-price that I can focus my study on which you think may regain stength imediatly when economy will be open in post lockdown?

First get a clear objective of your investing, that will be a major determining factor of stocks to look into. Because whether during or post Covid-19 stocks in different sectors will react differently in response to economy realities, policies and even sentiment of investors.

WHEN DUE DILIGENCE BECOMES PROCRASTINATION BEWARE!
Generally, we are told “do your due diligence” very good and important, however, let’s be careful sometimes in the name of due diligence one may end up in procrastination which is fueled by fear most times.
Especially for those just joining or about to join the investment journey, don’t give in to procrastination in the name of due diligence. Due diligence should lead you to making reasonable and informed decision within a reasonable time otherwise the delay in making that investment decision has become procrastination which is also exhibited by the fearful.
Remember fear will hinder you from making the money you aught to make and greed will make you lose the money you already made.
Sukuk bond, other bonds, mutual funds – MMF, VGIF, even stocks are out there for you to take the opportunity. Don’t wait too long in the name of due diligence. Some of the investment windows are time bound. Make a move and invest. Nothing to small, just start.
You are a call away from the professionals call 08181057319 and click on the link on my signature to start investing.

WHEN DUE DILIGENCE BECOMES PROCRASTINATION BEWARE!
Generally, we are told “do your due diligence” very good and important, however, let’s be careful sometimes in the name of due diligence one may end up in procrastination which is fueled by fear most times.
Especially for those just joining or about to join the investment journey, don’t give in to procrastination in the name of due diligence. Due diligence should lead you to making reasonable and informed decision within a reasonable time otherwise the delay in making that investment decision has become procrastination which is also exhibited by the fearful.
Remember fear will hinder you from making the money you aught to make and greed will make you lose the money you already made.
Sukuk bond, other bonds, mutual funds – MMF, VGIF, even stocks are out there for you to take the opportunity. Don’t wait too long in the name of due diligence. Some of the investment windows are time bound. Make a move and invest. Nothing to small, just start.
You are a call away from the professionals call 08181057319 and click on the link on my signature to start investing.

WHEN DUE DILIGENCE BECOMES PROCRASTINATION Beware!
Generally, we are told “do your due diligence” very good and important, however, let’s be careful sometimes in the name of due diligence one may end up in procrastination which is fueled by fear most times.
Especially for those just joining or about to join the investment journey, don’t give in to procrastination in the name of due diligence. Due diligence should lead you to making reasonable and informed decision within a reasonable time otherwise the delay in making that investment decision has become procrastination which is also exhibited by the fearful.
Remember fear will hinder you from making the money you aught to make and greed will make you lose the money you already made.
Sukuk bond, other bonds, mutual funds – MMF, VGIF, even stocks are out there for you to take the opportunity. Don’t wait too long in the name of due diligence. Some of the investment windows are time bound. Make a move and invest. Nothing to small, just start.
You are a call away from the professionals call 08181057319 and click on the link on my signature to start investing.

bisiswag:
Goodmorning guys. Please I have some loose cash that I may not need in the next couple of years. Asides TBILLS,please how else can I invest this money please,specifically in the bank please.
@ahiboilandgas and every other person . Thanks in advance.

If the investment must be in the bank I guess you only have fixed deposit as option. Otherwise you need Asset Mgt company like investment one (former GTBank Asset management) for you to invest in mutual fund like VGIF or mmf with Gurranteed 8.5% for the former.
In the actual sense all investment involves the bank one way or the other. You can as well take advantage of the current sukuk bond and invest.
To open investment accounts click on the link on my signature or call me.

blithe:
Hello...I went to stanbic today to make enquiries about mutual funds and TB....

The Rep told me both Mutual fund and TB interests are not encouraging for now but she gave some forms to fill.

That is true. Still one has to invest. As poor as rates are currently it's still better than keeping your money idle without investing it. It's a matter of time once you build the culture you are bound to find and know more investment widows and learn different winning strategies. Keep on reading and learning from the masters here.

FelaKhaliif:
Hello Everyone... I bought 1000 Dangote Sugar shares in 2007, how much dividends would I have made from then till now?
And how do I collect it?

Go along with acceptable ID (ie any of National ID, Int'l passport, permanent voters card, NIN Slip, Drivers license) to the office of the registrars - Veritas Registrars, 89, Ajose Adeogun street, Victoria Island, Lagos or send mail to enquiry@veritasregistrars.com.
The registrar will tell you the current status of your holdings and dividends will be processed.
However, any of the outstanding dividend that is older than 12years will not be paid. By law that has been returned back to the company in this case Dangote sugar.

OgogoroFreak:
What's the difference between Abacus and VGIF. Do they pay interest monthly, quarterly or yearly?

Abacus pays interest quarterly. VGIF pays interest twice in a year - January and July

ozymes:
Interest is per annum and they are both Tax exempt?

All regulated investments ( TBills, mutual funds, bonds etc) rates are per annum but prorated base on the investment types e.g 90 days 182 days for TBills daily for Abacus or VGIF

ozymes:
What is the differencies and similarities B/W ABACUS and VGIF?

Similarities: They are both mutual funds, interest accrued daily which can be paid out or reinvested and are tax free. There is free entry and exit for both. No specific amount or time that regulates your deposit. Any amount anytime can be deposited. They can be operated together.

Differences: Abacus is mmf, while VGIF is in d fixed income category, interest for Abacus is daily valued VGIF interest is benchmark with SDF- standard deposit facility (rate CBN give to banks for their deposit), initial minimum deposit for VGIF is 50k and minimum holding period six months Abacus minimum initial deposit is 1k and holding period 30 days.
VGIF 8.5% and Abacus 5%+

This is personal - I operate VGIF for long-term and Abacus for short-term.

ozymes:
Meaning accrued interest can be compounded without delays?

Sure, if you opt for it. There is opportunity to give your mandate in that regard whether at the point of opening account or after and it is flexible you can opt in or out. For instance if it's Abacus and you pick reinvest interest by first day of the next quarter your interest is reinvested while for VGIF the interest is reinvested 1st July and 1st January of each year.

ozymes:
Tax(WHT) exempt?

Yes. Abacus MMF Aand VGIF are tax free. All your accrued interest gets paid to your account or reinvested if you opt for it. Basically that is one of the upside of mutual funds they are tax free. No WHT.

Tundexi:
Do Access bank also offer the Mutual Fund plan? I will like to transact with them as i have an account with them as well

Note: Access bank is money deposit bank. Mutual funds are manged by fund managers, However, some banks especially those that operate Holdco e.g FBNH can have an asset Mgt unit and you don't necessarily need to have a bank account with the associate bank of the fund manager. So with your access bank account you can as well open any type of mutual fund account with investment one and you will be fine. You can open account at the comfort of your home and make transactions as well as view your account online. To open account click on the link on my signature.

talk2tonie:
I like the way you market your company’s product. You deserve a pay rise.
All the best.

Thanks for your kind words.