₦airaland Forum

iamrichiefola:
Valency Agro is in the Market

Una see wahala ba...? We never talk of WHT finish. Some firms are just looking for ways to squeeze their investors/customer dry. This one's dey put 0.5% commissions as arranger/agent oo. For God's sake they are supposed to be looking out for how to get the required funds for the issuer because they are being paid to market this stuff ooo. E come be this Era of sweet treasury bills no wahala maybe instructional investors go carry everything sha.

Oshokhai69:
Is it the government or the agent banks that handle the payment of interest? 🤔

It's handled by CSCS. If you have any issues with the payment of interest and you contact your agent bank, broker of financial house; they will inturn contact CSCS about it on your behalf.

IYGEAL:
I used to think the payments are automated. So apparently someone went on vacation or dealing with personal stuff and these payments have to be postponed. Funny lots.

They have paid.

I got the alert around 4:20 am.

efismikoko:
Hello boss please did you receive payment today I didn’t receive any o

I did not ooo. Maybe they'l consider payment on Monday. That's the difference between government investment and private investments in Nigeria. These ones are doing anyhow now because na government work. If na private work they for don do as they suppose since.

IYGEAL:
Good evening comrades.

Did anyone get their FGN Savings Bond coupon payment today? I was supposed to get the one for May 15 2026 today but it's yet to drop by this time.

Nope it wasn't paid that yesterday. I expected it too. Let's hope they pay it today if not na Monday be that.

VeeInsider:
I've emailed ARM, Stanbic, and numerous other institutions and received replies.

FBN Quest, however, has never responded to my email.

I initially had little interest in committing much to ARM, but their exceptional customer service completely changed my mind, similar to Stanbic's.

I admire First Bank and seriously considered them alongside Stanbic when I was exploring MMF options. Unfortunately, my experience with FBN Quest’s customer service was disappointing.

Experiences could be different sometimes. So far whenever I mail them, they will reply. It may not be instantly but then, I always get their replies.

Though it's been long I mailed them, Attached is their respond the last time I had issues of money not being credited.

VeeInsider:
FBN Quest has no customer service. I've never gotten a reply from them.

I have mailed severally and received replies.

RoyalP101:
I transferred money to my FBN MMF on Monday morning, up until now it has not been reflected in my Account. I have mailed them severally since Monday, yet it has not been resolved. Just tired and I don't know what to do again. I need advice, please.

Just Google their email address and send a mail to their customer service. In the mail make sure your MMF Account number. Then attached the proof of payment.

Monday to now is long na. It shouldn't take more than 2 days. Something is wrong so you should contact them.

Attitude is like smoke it can never be covered. No amount of name deletions/changes from myjoy to Godisfaithful and even to this new name has changed the character. It will eventually come out because like peak, it in you.

Monkey Hunting and high handedness for some people no start today. Anytime they feel like they have successfully deceived people, they brag and tell other that they knew nothing. Na who no know who to follow dey fall sha.

Susantice:
Use this link to start your journey via stanbic mmf

https://www.stanbicibtcfundsmanagement.com/invest-now-4bwy9gqb

If you are not a worker/staff with them stop wasting your time ooo. At the end of the day they will use you to get customers then another staff will divert your reward.

martosi:
Good Morning House.
Please can someone provide me with a link were i can view Live Trading at the the NSE market.

There is no opened link for it. All links available will require a form of account and registration before you will get access to it. So just seek any broker that connects to the live feed and open an account with them.

I use Morgan Capital Securities Limited and they have it. Other brokers around have it too.

SonofElElyonRet:
My broker says oando likely to fall today ? Where are the analysts? Do we sell some and keep some?
@bagwa
I personally want to hold... i think it might slow down but will resume appreciation sooner or later

Hmmm the supply this morning is more than the demand ooo.

Susantice:
Can I have fbnquest links and do they have physical offices

Yes FBNQuest have physical office in Lagos, Abuja and Port Harcourt.

I can send you any link. The last time I tried it I was banned but then getting them is easy. Just Google FBN Quest or go to play store and download FBNQUEST App. From there you can easily contact them by mail for anything.

MadamVanessa:



For Peter to report Paul to efcc after they might have reconciled, speaks volume of the type of person peter is. He's not doing all these in his conscious mind, Peter is under a very strong hypnotism power.

Ever since Peter took that woman that is far older than him from the other side as a wife, everything scattered amongst this once loving brothers.

Your Paul that took a wife from this side of the divide and not under any spell wetin him do with the wife? How stable is his life. He seems to be the less stable human being between the two.

Apart from their music, their major prowess was their dance and stage performance. If you really know them, you will know who really has that between them. Jude just scattered that group for his selfish interest thinking he could succeed with Paul as a solo artist and at the end, look at where they are.

SonofElElyonRet:
seems you and mercy are the insurance gurus... which do you think is cheaper between veritaskapital and aiico relative to eps and other crucial factors ?

Hmm OGG too dey ooo. Him don touch light all these insurance companies on NGX ooo.

Princkez:
that Transcorp hmmmm might pull a big surprise after reconstruction,ELLAHLAKES another PRESCO and OKOMU in making....thank you sir

We dey see PRESCO and OKOMU products for market. Where ELLAHLAKES dey sell?

Streetinvestor2:
What is now the purpose of Egm of ucap on 21st August if payment is 9th..I thought the idea of the egm is for shareholders to approve dividend payments . Are this companies changing the rules guiding listed businesses.

The EGM is about the Bonus not interim dividend.

The meeting is to consider:
1. Increasing in the Share Capital.
2. Amendment of the Memorandum of Association
3. Bonus Shares.

All the shareholders should already be aware except if you don't use email.

Chinedu81:
Just got information from Stanbic IBTC that primary bid was not successful, how true is it?

It may be that they bidded higher and could not get. They are the only ones that can tell you the truth. Except you see someone that bidded in another of their branch and it was successful.

Damolux01:
Current stop rate is still 22% though. Now, I have a question bosses. If an investment of #20m in April at 20%, with an upfront interested already paid, is now to be terminated at the current rate. Will it be terminated at the current yield rate or the one it was when invested?

It has dropped slightly in this week's auction. It's now 21.888....

FG domestic dollar bond series 1 to be actioned soon. Be on the lookout if you are interested.

icu4:
Hello Good Morning,

Do you get issued a certificate after investing in FGN Bond.

No, I have never been issued any certificate. They just notify me by mail and ask me to be expecting my returns when due. After a while, I will check my CSCS account and see that it's there.

Buchika:
Hello house, can someone guide me on how to move my shares from an inactive Cashcraft to another broking firm? They have closed down their office in my town. I don't know what to do. What are the steps to take? Their website, email and other ways of reaching them are all inactive.

Just open another with a functional broker and request for share transfer.

Nakedman:
Hello house, Good Evening, I have been looking for update on FGN Saving bonds for August I couldn't find any. Can anyone help me out?

No plan for auction has been announced to the public yet. Maybe it's because of all these protests happening for now or maybe they don't need the money yet.

Manutd19:
I plan to invest in treasury bills this week.

Please, which bank is the best to patronize? I bank with GTB, First Bank, Zenith and Access.

Thanks guys

Remove Zenith from there and add Stanbic IBTC instead. I still dey look access with one Kain eye too. I no know how they be now sha. So if it is the option you choose, first of all go and discuss with them to know what charge could come. The rests are good to go with.

JimMumin:
Goodmorning to everyone here

Please I want to know for someone who had no stock broking account (no CHN or CSCS accounts) but saw the GTBank share sales and subscribed, how can such a person be in possession or own it if they eventually get allocated? Or would they even get allocated?

My brother bought MTN shares like this around 2022 and up till now we don't really know how it went, how can he retrieve such? I think Stanbic IBTC Stockbrokers was the stock broker

I will appreciate your insights

At the end of the offer, after settlement is done. A share certificate would be sent to you via the address you gave them while subscribing. Just keep your ear on the ground to know when it's being issued. If you don't get your you can always contact their registrar.


For your brother's MTN, I think a temporary stock broker account was created for them by the issuing house or something. I can't remember what actually happened again. To know how far with that, he can contact Chapel Hill Denham for his details.

[quote author=Princkez post=131207658][/quote]Seems you prefer screenshot.

It is surer from the horses mouth except if they made a mistake.

dapix:
Are they also giving Bonus shares too?

Fake news.. No bonus.

Archiever22:
Good day all,

I want to send my opay account number to somebody but I mixed up those number that the money was transferred to wrong account.

Now, I have been calling the number for 3 days now and it has been switched off and whenever it rings, the person will cut the call

I was able to trace the person to FB and I saw that he has worked as a special assistant to govt.

I have sent him a DM via his FB and he is not responding.

Please what can I do to catch this person because the money transfered to his account is above 50.

In this case you are to first contact Opay, with your proof. The extra steps you took should have been if Opay did not act.

The blame is more on you than on him for the mistake but the most honourable thing for him to do would have been to pick your calls, hear you out and refund you If your case is genuine or get Opay involved if your case is shady. Being a special assistant will not make him a better person if he is not.

squad1:
Hello. TB guru in the house. I advised a friend to invest in TB. After so much persuasion, she invested N20,000,000 for 3 months @ 16.3%. When I did the calculation for her, I told her to expect interest of about N811k.

She just called me now that's she got 794k then they deducted like 79k for tax and 20k because it is a corporate account and other charges reducing it to like 690k. Please, how come? She did it with Zenith bank. Is it because she used a corporate acct?

I need an explanation.

It's been a while I did any reasonable TB. The last one I did was through my bank app in the secondary market. The charges came unilaterally with no breakdown and the investment amount and charges were not much so I didn't stress my self to request for the breakdown.


Regarding your friends situation, the 79k seems to be 10% tax (WHT) on the interest of the TB. It still seems many people are yet to be aware that the exemption of WHT earlier enjoyed by TB's and CP's subscribers have expired. However, it doesn't seem to be reflecting in all banks charges. It seems some banks are deducting WHT while others are not (I stand to be corrected on this). I don't know why they should be difference in that aspect. It should be general. I only got to know this when some CP I subscribed was about to mature last year and they sent me forms to fill for deduction.

Also, she invested with a corporate account. Corporate accounts are usually current account that charges fees called Commission on Turnover (COT) on any money leaving that account to another account. It's now N1 per each N1,000, It used to be more initially but reduced to that during Sanusis' Regime as CBN governor. Incase of another day, you can only avoid that if the owner(s) of the corporate account operates a savings account with same name in that same bank and the accounts are linked. Then, you can transfer such money to the savings before use without COT charge. So, the 20k charge it's not a cost on the TB but on the type of account used. Even if she was to transfer money to you, they'll charge COT plus the transfer charge.

Another thing worth knowing is that, investment tenures are usually calculated with 365 but some investment firms are calculating this year with 366 because it is a leap. I don't know if Zenith is among anyway.

The usual TB fees as I know before this period were: FBN charges; custody fees of 0.1 per transaction, static transaction of N100 and 5% commission on transaction and custody fees. While Stanbic IBTC only charges static transaction fee of N315 and safe keeping /custody fee tha varies moderately according to the investment amount. So you should consider this charges too while considering the WHT and COT. If not that the upfront could be needed for other use before maturity, the best way to not to feel these charges is to roll over interest with the investment. That way, the little interest that would come out of the roll will take care of the charge and give you some balance.

I don't like Zenith Bank for TB's. If she had consulted banks widely, should would have gotten a better rate with the current rates and probably better charges (I don't know what they charge sha) but they are not TB friendly.

Finally, big money draw big charges. The higher the amount the the higher the charges, as the required percentage is same for all amounts. However they could be difference in some charges according to banks. Just ask her to go and get the proof/certificate of investment from the bank before you will know the actual calculations.

Zwooks:
You are mad

Madder than the goat that produced idiots like?

Zwooks:
Wonderful. We now have two presidents. In what capacity is Wike meeting the security heads ?

Try and learn humbly by not making sarcastic comments before asking questions.


Abuja is like a state. It has the status of a state and Woke is the one in charge. Like all states Governors as their chief security officer, Wike is the chief security officer of Abuja. All the security services and agencies have their heads in charge of Abuja as as they do in all states.


The President is the chief security officer of the entire Nigerian not Abuja. Same for the Service Chiefs and Heads of other security agencies. Their responsibilities transcends Abuja. They are to cover the whole nation.

From the above, I believe you would understand that Wike having his own security meeting is for Abuja alone while the Presidents' security meeting is for the entire Nigeria.

olaolulazio:
Remind me of how the OBJ you quoted helped the youth as a president for 8 years

They will just say shit that they didn't do while in government and u all will see them as a Messiah cus you hate the current administration.

First of all, creation of jobs.

As a president, Obasanjo created jobs for the youths and Nigerians in general. He established the likes of EFCC, ICPC and absorbed the NSCDC as a government body that employed and keep employing Nigerians today. He liberalised the telecommunications sector that gave birth to the like of Glo, MTN, Econet ( now Airtel). Apart from making telecommunication easier, and the direct employment that came with it, the indirect employment was huge and the majority beneficiaries were the youth.

He canvassed for the forgiveness of Nigeria's debt and it was eventually granted. From there he built Nigeria foreign reserve to the size that no government has been able to up till. They rest came to squander and borrow more. That made the FX available and affordable to the youth and everyone that had genuine use for it.

Obasanjo's agricultural policies were top notch. He made food available for all. As small as the minimum wage was at that time workers could afford their basic necessities. When the youth go out for daily jobs, the little they get could cater for their meal that day and the next day. Bread, sardines and coke were not a thing of luxury.

Obasanjo's Regime did a lot of good things worth remembering.

malali:
When there is monopoly in government......We called it Military rule !!

When there is Monopoly in Business........We should call it out as well !!

90% Ownership of the Largest refinery in Africa to a single man is worse than military rule. Niger Delta should own at least 30% of Dangote refinery.

Why should Niger Delta own even quarter of a share in that refinery when they neither contributed a quarter kobo or efforts to it? People Like reaping where they did not sow. All the militants leaders that have been vandalising pipelines and doing bunkery since God knows when can not come together and build a Refinery. The state governments in the Niger Delta with all their 13% allocation of this world can not come together and build one. Marching ground money could not do it too. All they do is disrupt.

The refinery is not located in the Niger Delta and crude is not going to be gotten from their for free.

What then is the rationale for your assertion?