₦airaland Forum

Kazrem:
E-EXAM just ended today. Thank God for a a very successful semester after all. May God be praised.!!!

Registration for new semester begins immediately. Remita to generate payment code activated.

Waste no time. The semester will be rushy.

You have questions to asked, issues to resolve, you have me here for that.

Buckle your belt and let's go.

kazrem is back!

locodemy:
Shebi dem pay 25k as interim come pay you 55kobo now and all together 80 kobo.Dem no try or you keep your stomach for another mans bizness?

locodemy:
oga zendi,As no active company resemble my moniker,you mean i should change Locodemy to Fcmbman?.......Dont worry i will do that as soon as we enter the new year.

veeco vee: pls somebody help me with the name, address and requirements of cutix registrars...i want go straight to their office for my dividen warrant next 2weeks. Dont need postal delays this time

daftpikin: waoh that would take like forever

CrazyMan: This 2nd half looks balanced...seems the iraqis have woken up.

collinsobinna: @lawmann;easy Bro,we dnt want to leap before we look.do we?guess not.

@foandt:really,Oga,really. Are u pitying the banks?
Do u know how much interest the bank earns on sitting idle funds in people's current accounts?

Have u forgotten when they collected ATM charges,SMS charges,and all other charges?

Well they have an interest but if they didnt,I wnt be bothered bout them.they have a million ways of earning money.

their interest is they earn a big commission do selling on behalf of cbn,then thy also earn a 0.0025 percent of ur transaction,which is very little that u wnt even notice it,while u are happy,packing ur interest money in ur bag.

collinsobinna: @ Timothy,@ Chiqudy and kufreabasio: the clear difference between treasury bills and FD is the interest is paid to u immediately(upfront) and without withdrawing withholding tax while FIxed deposits require you to wait till when it matures before u can get ur interest. Also your interest is subject to withholding tax.

now imagine this scenario:ten million naira tb done January 2014 will get u upfront interest of 1million naira plus. That means u have money to start ur year with while others are yet to know what the year has to offer.in your profit books u ve made a million for the year without having worked.

Trying same thing with a fixed deposit will see u getting ur money by December 2014.

Also when I started Tbills the interest rates were as high as 14 percent for 91 days.and still has thr potential,so far as sanusi is on his fight against inflation.

@kufreabasio:u said someone keeps 520000 somewhere and gets 13k. Well u got ur 13 k immediately and ready to use, whereas if it was FD it will be after the 90days and they deduct tax from it.
If u want to milk more from money markets increase the volume u invest.

@timothy:ur choice of investment between treasury and FD should be weighed on ur cash flow needs(how often u need funds) and
How much u are willing to invest.Both are safe,Tbills after CBN s guarantee is also guaranteed by the bank u are buying from,especially if u buy from the secondary market.
Yes there is an offer letter just like FD with the banks letter head on it.Abi Bank go do u wayo?

Hope u all can now make ur decisions more informedly now.

@oga Feelamong:the new levels now na commercial papers.will appreciate any info u can get on it. Thank you sir.


there are so many money market instruments for people with money to earn more by making their money work for them but..........ignorance........

Redoil: I got the e-dividend form signed by my banker and took it to prudential registrars for them to process. They rejected it and told me to inform my broker to send my signature b4 they will accept it. I went to my broker and inform them about it. They promise to send it up till this day which is the third month they havn't send it. I have been to their office more than five times all they have been telling me are stories from children story book. I dont even know who is the cause of the problem.

Elai147: Wema Registrars: after a very long period they finally replied my email but said my processed transfer form was never submitted to them by my broker and thus, they could not do anything. Africa prudential registrars and City Securities (Registrars) Limited have never replied my emails on E-dividend issues. Another one I can remember is the defunct Oceanic registrars.

As for First registrars, they frustrated me with their request for bankers confirmation. After all said and done we were still heading nowhere until God used a woman to help me. She listened to my story and immediately asked for my preferred bank for the E-dividend payment. After 2 days they credited with over N100,000 (in total) of unclaimed dividends. Meanwhile, I have been receiving some dividend warrants from them but didn't know I had unclaimed ones. First registrars could not explain why they sent some dividend warrants and held back some apart from their usual stories of wrong address (the same address where they have been sending me dividend warrants). Zenith registrars explained that they do not send dividend warrants that is more than a certain amount (about N50k or so) by post. But they never informed me of this until I asked and found out I had unclaimed dividends with them as well.

Before the stock market crash, I have sent E-dividend forms by registered post to all my registrars and not even one could register me for E-dividend payment. I did everything they requested including taking the forms to my bank for endorsement. In 2010, I repeated the process but this time I also sent emails (with e-dividend forms attached) notifying them that I had sent the hard copies of the forms to their offices by registered post. Still, nothing happened and I kept receiving dividend warrant by post. This year, I repeated the process for the third time after SEC warned registrars concerning the level of unclaimed dividends and mandated investors to embrace E-dividend payment. This time it worked and I was able to register with most registrars. There is a possibility that if not for SEC's intervention, some of us will still be having difficulty in registering.

Elai147: What was the reason they gave for the returned form? They cannot just return your form and ask for CSCS statement and the rest. The common reason is usually when there are irregularities in your signature. If this is the case, they will ask you to provide bankers confirmation on your signature which usually includes the date the account was opened. This should be at no cost. I am not sure why they are requesting for your CSCS statement. It may be that they do not have your name/account in their register. When you purchase a stock from the secondary market, your stockbroker will usually send the processed transfer form which will serve as the source document. Some brokers delay in sending this document and some may not even send. I had a similar case where the processed transfer form was never sent to my registrars and at such they could not processed my E-dividend mandate. So please check to know if any of the above applies to your case.

uuspace: That explains it then.Assuming you went to their office yourself.You would have needed to give them a form of ID and the endorsed form by your bank.
Their office is at Apapa ,guess you know

uuspace: That explains it then.Assuming you went to their office yourself.You would have needed to give them a form of ID and the endorsed form by your bank.
Thanks, I appreciate ur contributions.
Their office is at Apapa ,guess you know

uuspace: Normally you are supposed to submit your e-dividend form to the rgistrar.The e-dividend form should be endorsed by your bank confirming your signature.

These other information Union Registrar are asking you for e.g CSCS statemnt is strange.Are you sure the stock in question has not been sold.,because they should have a record of all the stocks you own that they have in their records.

Did you go to their office or you sent the form by proxy?

stockbull: happy posting

phemmie06: All smnites should please come to my aid, my bank refuse to give me confirmation on my e-mandate forma. They insist I must have current account, cos I operate savings account. Please who knows any of these banks that can give confirmation on savings account.

Elai147: I think that should be Africa Prudential Registrars (not 100% sure though).
Tel: 01-4612373
Tel: 01- 8401153
Tel: 09- 8701645

phemmie06: Good evening to all oga at the top, please is it compulsory to have current account before e dividend mandate could be honored.
Thanks

ileman: please what is d business of courtview @ stock bull

Born 2be Rich: Bros, make u better do fasting and prayers this one were first bank never release result up till now...

Seun: @stockbull: there is no basis for a belief that any stock will rise by 30% in a specific time period. stop hyping.