₦airaland Forum

emmanuelewumi:
Really??

How did you come to this conclusion?

Are you a beginner when it comes to trading? Then one of the first steps is to find the right broker. But how can you do that, and why do you have to be careful when making your choice? We will give you all the information that you need!

Why is it so difficult to find a legit broker?

Especially as a beginner in trading, it can be a difficult task to determine if a broker is legit or not. Beginners do not have the knowledge and experience to see a red flag, and therefore are more likely to get scammed. This is why it is essential to do your research and find platforms you can trust. Unfortunately, where there is money, scammers are usually not far away. They create fake brokerages, and scam you out of your money. This is frustrating, and in most cases, you cannot do anything against these scammers, because they are working from different countries. If you want to start and find the right broker, you should look at our tips and tricks!

How can you find a legit broker?

Are you a beginner and currently looking for a good broker? If so, we have all the best tips and tricks for you to determine if a broker is legit or a scam!

Do your research

Unfortunately, many beginners are motivated to start as soon as possible. They do not want to wait and do their research; that’s why it is more likely that they end up with a scammer. Before you even start looking at brokers, you need to know what you are looking for. Not every broker offers the same trading methods; that is why you need to get to know different assets and trading methods to filter out the broker that does not provide what you want.

Read the reviews

If you found some brokers you are interested in, the next step should be reading the reviews. This will help you get a better feeling of how legit this broker is. Have a look at trusted broker reviews. There, you can find a great variety of different brokers that you might be interested in using. Now read the reviews and learn from former and current users’ experiences.

Use a demo account

Did you make a decision? Before you invest money in this broker, we advise you to use a demo account. Not only will you be able to determine if trading and the trading method is the right choice for you, but you can also test the broker. See how the navigation works, how easy or difficult it is to trade, and see if you want to use this broker or not. If not, just continue doing your research.

Test the customer support

Customer support is an essential part of a broker and an excellent way to determine if a broker is legit or a scam. Unfortunately, it can always come with problems and questions. Therefore you need a broker and a customer service that you can trust. Contact the customer service of your choice. How can you reach it?
How long does it take for them to reply?
How helpful was the answer?
Was it just a copy-paste answer?
If the interaction with the customer support left you feeling unsure about this broker, we recommend looking for a different option.

Some stockbrokers are fraudsters. Beware. Be aware

Aify147:
E no pass wetin our Nigerian politicians dey defraud the innocent citizens

Just shut up

I know him

Is getting NECO Certificate really a waste of Time and Money?

Why is it that a lot of institutions in Nigeria, Canada, UK, Europe, USA, Australia, Europe, etc, do not accept NECO Certificates, or when they do, they insist that those who have only NECO Certificate have to take some other Foundational or Gap programs, even if they had better scores than Nigerians who presented only WAEC Certificate? What is the issue with NECO Certificate?

I speak from Experience on this matter.

So, is getting NECO Certificate really a waste of Time and Money?

McNichols dividend finally received

Flour Mills dividend received

essentialone:
GUINEA INSURANCE POSTS N1.34B GROSS PREMIUM INCOME
Guinea Insurance Plc recorded a gross premium income of N1.34 billion last year. But the previous year, it made N1.05 billion, which represents a 27.4 per increase.
The Chairman of the company, Ugochukwu Godson, broke the news at the firm’s 64th Annual General Meeting (AGM) in Lagos. At the hybrid event, he said the net claims expenses in 2021 was N0.48billion, which is a 69.1 per cent improvement over the N1.55billion recorded in 2020, noting that this was due to efficient claims management. He stated that the company was returning to profitability as funds had been injected to strengthen its financial base and increase its capacity for transacting large-scale business deals.
The company’s Managing Director, and Chief Executive Officer, Ademola Abidogun, urged the company’s shareholders to see the positive aspects of the upcoming changes. He said: “With the injection of additional capital,” he said: “Our company is well positioned to attract and transact larger portions of new businesses. “It is undeniable that consumers are shifting and favouring simplicity more than ever before; as a result, our investment roadmap in technology and digital transformation is motivated by the need to give customers the freedom to purchase reliable insurance products without any geographical restrictions.” He stated that the company had made efforts to keep management costs to a minimum, obtain regulatory approval for the underwriting of agricultural insurance, and reduce operating expenses.

Guinea Insurance. Accumulate it for the long term. It will still go up.

If you are still having NSLTECH in your portfolio, place your Sell order at #0.20 and Sell Sell Sell. Only be lucky to find a Buyer.

If you are still having DAAR in your portfolio, place your Sell order at #0.20 and Sell Sell Sell. Only be lucky to find a Buyer.

COURT RESTRAINS NAICOM FROM WINDING UP STANDARD ALLIANCE
A Federal High Court sitting in Lagos State has restrained a lawyer, Kehinde Aina, appointed by the National Insurance Commission (NAICOM), from presenting himself as receiver or liquidator of Standard Alliance Insurance Plc, pending hearing and determination of the motion on notice.
The court also restrained the commission, the first defendant/respondent and Aina, the second defendant, from taking any further step towards liquidation or winding up of the insurance firm pending hearing and determination of the motion on notice.
Justice Akintayo Aluko issued the restraining order on September 1, while granting the reliefs sought by Chief Dickson Odoko, Donatus Uba and Standard Alliance Limited, who are the plaintiffs/applicants.
Apart from Aina, other defendants/respondents in the suit are Minister of Finance and Awoduya Omotayo.
The applicants had, on August 22 this year, filed a motion on notice before the court, asking for an interim injunction restraining the second respondent, Aina, whether by himself or through his agents, privies or any other person acting under his authority, from acting or further acting as the appointed receiver/liquidator of the insurance firm pending the determination of the motion on notice.
The plaintiffs filed a five-paragraph motion ex-parte and affidavit in support of the motion on notice, in suit No: FHC/L/CS/1585/2022.
The judge, after reading the affidavit in support of the motion paper sworn to by Osaro Eguasa, and having heard Afolabi Kuti (SAN) for the defendants and Tanimola Oyekan for the plaintiffs, said: “An order of interim injunction is hereby made restraining the first and second defendants, whether by themselves or through their agents, privies or any other person acting under their authority, from taking any further step geared towards giving effect to the cancellation of the purported certificate of registration of Standard Alliance Insurance Plc, pending the determination of the motion, plaintiffs shall file an undertaking as to damages and indemnify the respondents.”
Consequently, Justice Aluko adjourned the matter till September 9 for hearing of the applications.

AFTER FIJ’S STORY, NIGER INSURANCE PAYS INVESTOR’S N378,000, HELD FOR 4 YEARS
Niger Insurance has paid N378,000 insurance proceeds to Muonyililo Gregory, a Lagos-based pharmacist.
The insurance firm paid the money on Wednesday, two months and some days after FIJ reported how the company refused to pay him four years after the maturation of his funds.
Gregory told FIJ that he had contacted someone he knew worked with another insurance firm, hoping that the payment of his proceeds would be fast tracked, but was yet to initiate the process when Niger Insurance paid him. “I spoke with someone else who works with an insurance firm. He took my details and gave me the link to make a complaint. I was just going to make the complaint when I realised, I had been paid,” he said. “I am grateful to the FIJ team; they made it happen.”
Gregory had told FIJ that the savings plan he subscribed to was from October 2015 to September 2018. “When I subscribed to this plan, the catch was that I could save for a life insurance plan if anything happened. And if anything did not happen, my beneficiaries would get the total value, even if I didn’t complete the payment,” he told FIJ.
When FIJ contacted the Niger Insurance branch in Anthony, Lagos, Ojumah Cynthia, a worker at the company, said the complainant should meet with the agent through whom he subscribed to his savings plan. Subsequently, the payment was made.

GUINEA INSURANCE POSTS N1.34B GROSS PREMIUM INCOME
Guinea Insurance Plc recorded a gross premium income of N1.34 billion last year. But the previous year, it made N1.05 billion, which represents a 27.4 per increase.
The Chairman of the company, Ugochukwu Godson, broke the news at the firm’s 64th Annual General Meeting (AGM) in Lagos. At the hybrid event, he said the net claims expenses in 2021 was N0.48billion, which is a 69.1 per cent improvement over the N1.55billion recorded in 2020, noting that this was due to efficient claims management. He stated that the company was returning to profitability as funds had been injected to strengthen its financial base and increase its capacity for transacting large-scale business deals.
The company’s Managing Director, and Chief Executive Officer, Ademola Abidogun, urged the company’s shareholders to see the positive aspects of the upcoming changes. He said: “With the injection of additional capital,” he said: “Our company is well positioned to attract and transact larger portions of new businesses. “It is undeniable that consumers are shifting and favouring simplicity more than ever before; as a result, our investment roadmap in technology and digital transformation is motivated by the need to give customers the freedom to purchase reliable insurance products without any geographical restrictions.” He stated that the company had made efforts to keep management costs to a minimum, obtain regulatory approval for the underwriting of agricultural insurance, and reduce operating expenses.

Enigma123:
The item you're trying to buy is above your monthly limit ($20)

The item is $5 and I have not used the card this month before

CosmicGoat:
Is there anyone who can help me with a small sum of cash?
I'm at a low point in life rn, I have no prospects going for me presently
Things are just... bleak. To say the least

Who can lend a helping hand here please? I need your assistance

Go and meet your Family and Friends. They know you better. All the best.

Can I use Naira MasterCard of Zenith Bank, GTBank, or Ecobank to pay for purchases on AliExpress?

Payment Failed
You have reached the spending limit on your card or account. Error Code: CSC_7200009
Suggestion
Please contact your card issuer or bank, or change to another form of payment to try again.

Please why am I seeing this on AliExpress?

Sadly, each groundnut seed is now more than N1.

I bought N50 groundnut, and I counted it well. It was just 35 seeds

MUTUAL BENEFITS ASSURANCE REPORTS N3.5 BILLION PROFIT IN H1 2022
Mutual Benefits Assurance Plc has posted a profit of N3.5 billion profit after tax for the half year of 2022, a significant jump from the loss record of N1.98 billion loss reported in the same period of last year.
According to the financial report by the company, the increase in profit follows a significant rise in the premium income reported by the insurer. This is as inflation continues to witness a tremendous rise during the period, hovering at a double-digit figure.
The report shows that the gross premium written and the gross premium income – from the life and non-life business – stood at N18 billion and N15.6 billion for the first six months of the year. Compared to the same period last year, the amount signifies 20% and 16% growth.
The insurer had earlier stated that it increased its capital base to reach N20 billion with Life and general business taking a N8.8 billion and N12 billion respectively. Hence, increasing its appetite to take on more risks.
Highlights include
Similarly, recovery from economic activities continues in 2022 from the slowdown seen in 2020 due to the lockdown which caused a lot of people to prioritize their spending on basic things as well as to the #EndSARS protest that saw lots of properties destroyed.
With premium of N1.9 billion ceded to the insurer, the net premium income stood at N13.7 billion while the net underwriting income was N14.2 billion.
The company also reported an increase in investment income to N1.2 billion in the first half of 2022 from N559 million in the first half of 2021 as well as a growth in management expenses to N2 billion from the N1.7 billion record.
Total assets of the company declined slightly in six months to close at N89.6 billion in June 2022 from N83.8 billion in December 2021.
Mutual benefit last traded at N0.25 as of Friday 19th August 2022 while its market capitalization stood at N5 billion.

MUTUAL BENEFIT ASSURANCE POSTS N5.42BN LOSS IN FY 2021
Mutual Benefit Assurance recently published its Audited Financial Statement for the year ended 30 December 2021.
The underwriting firm reported a turnover of N29.299 billion for the 12-month period, up by 46.61% from N19.984 billion reported the previous year.
A loss after tax of N5.42 billion was reported for the period under review, as against the profit after tax of N5.109 billion reported in FY 2020.
Earnings per share of the group declined to –N0.27 form the EPS of N0.25 reported the previous year.
At the share price of 25 kobo, the P/E ratio of Mutual Benefit Assurance stands at -0.92x with earnings yield of -108.16%.

Mutual Benefits Insurance is back to the market. Let us welcome them back.

https://www.youtube.com/watch?v=5XyEsRkc_k0&ab_channel=GuardianNigeria

https://www.youtube.com/watch?v=fg8scvKNfKM