Freeman67's Posts
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 Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 10:44am On Jul 09, 2024 |
khadri:No lele... The shares we buy on the NSE is the already existing shares of the company that the shareholders are selling between themselves while the right issues are new share created by the companies to sell to already their already existing shareholders. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 5:43pm On Jul 04, 2024 |
davit:That is false. If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year). Second year, you will get N340,000 ( That's N170,000 two time in the year). In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal). The final amount you will get for that investment is N3,020,000. Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it. 5 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 5:13pm On Jul 03, 2024 |
abiolag:No big deal na. Just go there and tell them you want to liquidate. As you do, bear In mind that you have already collected the interest upfront except if you invested with the interest. There is also the likelyhood that it would be offered for sale @ lower rate than you got it to attract new buyers or the bank that is collecting it back. Also, bear in mind that you might incurr a penal charge for liquidating before maturity. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:44am On Jul 03, 2024 |
heavenisreal18:Right from time doing TB with them has always been difficult. It's only a selected few, maybe that have friends or very good customer relationships with them and maybe people in some less busy branches that gets to invest through them. Contact more TB friendly banks like FBN, Stanbic and maybe even GT. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:38am On Jul 03, 2024 |
Risingcash94:I don't know about SUKUK, TB or Bond with them because the only FGN invest I have with them is yet to mature. However, all other investments I have done with them before like CP and their Alternative Investments which are normally paid directly to your Bank accounts by other issuers or agent were paid into the wallet and I had to request for it to be transferred to my account. If you don't get any direct answer, just mail them or call their CS to confirm. 2 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:30am On Jul 03, 2024 |
heavenisreal18:It depends on your how long you want to invest it but going by the stop rates of the last PMA, the 359 days there is the most attractive. If I am the one, I'm ll chose that. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:46pm On Jul 02, 2024 |
heavenisreal18:Sorry I didn't get to see your message when it came. The difference is usually not very much of their rate is considerate. 1. The primary market is usually issued by the CBN through their different agents which are bank and co. While the secondary market is a kind of over the counter deal between those that bought from the issuer (CBN) and want to sell to an intending buyer. This too is facilited mostly by same agents which are bank and co. 2. The tenures of the Primary market are clearly stipulated (91,182 and 365 days.). Will be same irrespective of the agents you choose to buy through while In the secondary market, tenures are based on what they have available to offer. 3. The secondary market rates are most times a bit lower than the prevailing primary market rates. However, you could sometimes see equivalent or slightly above rates. Overall, there is usually not too much difference in the end if you consider the fact that you may still leave your funds in the bank for two more weeks if you decide to wait for the next Primary Market Auction. 4 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 10:20pm On Jul 01, 2024 |
emmanuelewumi:  My Oga, these ones no get resemblance with the like UCAP, SFSREIT, PRESCO, TOTAL, WAPCO, UBA and co na. 3 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 10:03pm On Jul 01, 2024 |
Nero4306:They've started paying in towards this evening. Maybe it's your bank. |
| Investment › Re: Mutual Funds by freeman67: 6:09pm On Jul 01, 2024 |
sleekybaba:No you can't use Mutual Funds Account to purchase stock. You have to open a stock booking account separately. You can either contact the Stanbic IBTC Stock Brokers or ask their Asset Management to link you up with their brokers or find another stock broking firm. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 6:06pm On Jul 01, 2024 |
Omonigeriarere:Treasury Bills are short term instruments issued by CBN on behalf of FGN at a discount. Above is the general definition you would see and if you want more examples you can check it. You can only choose to invest your at your own request not by default. The standard is set by CBN and others follow. Yes, sometime they could have good yields which will supercede the rates but most time yields are passed down as bogus rates for people who do not understand it. People who play with big money will understand it more. If you decide to reinvest by yourself even without placing the request to banks, you will see that your interest paid upfront when reinvested will yield and interest and that interest when reinvested will yield another until you reach a non significant amount. I didn't add that with bank, just place your request and your money will be deducted or credited to your and it will be at your disposal when ready. No transferring to any wallet or using any card to invest which in turn will be same when ready and sometimes request to send from wallet to account is delayed. Limiting you access to your fund when urgently needed. In all these, the most important thing is doing what works for and what you enjoy. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 4:17pm On Jul 01, 2024 |
Omonigeriarere:That's like fixed deposit na. For, TB you get interest upfront. If you intend except you intend reinvest. Also, the rates on those platforms are very low when compared with what you can get from the bank platform. Also, payment to your bank account is direct with bank. You can either withdraw in the banking hall/ATM or transfer as you will as soon as you are credited. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 4:24pm On Jun 29, 2024 |
teejay5:Sorry, I missed this earlier. Just leave the funds there for now. They would carry it when set. Normally, if it's not successful, they will not deduct anything: meaning that even when the whole subscription amount is deducted for custody beforehand, if it's not successful the amount is to be refunded in full. The deductions signify that their bid was successful. Maybe it's some human errors delaying the deductions. However, since you are anxious and need to clear your doubts, you can still mail/call them for the status of your subscription and request for a proof/certificate of investment if successful. From there, you will be certain and any likely will corrected. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 4:11pm On Jun 29, 2024 |
PraiseDLord:Yes, Standard Chartered Bank does through their banks mobile app but for you to access it, you have to set up your Investment risk profile and then you are good to go. Infact, there you will only access not just TBills but also FG Bonds. You will also see foreign currency bonds listed (both FG Eurobond and other corporate bonds) and Foreign mutual funds which you can only access if you have a compatible settlement (Dorm) account domiciled with them. 3 Likes |
| Investment › Re: FGN Savings Bond by freeman67: 2:42pm On Jun 29, 2024 |
Sanbuchi:Nothing much. For the primary market, you only need to download the form or go get it from the issuers agent you intend to use, fill it and submit it as directed from where you get along with the proof of payment of your desired amounr. Also, some banks create automated platforms sometimes during the auction where you will just go and fill the form online. The only extra thing that it needed with that is just for you to upload your payment receipt. If you have a CSCS account, it's also very okay as it is usually required on the form. After auction and settlements, the bond is usually allotted to your CSCS account. However, even if you do not have it, your bank will look for how to warehouse it for you and if you decide you want to resale it, you will have to contact them for it. For primary market, the only platform I have used for bond so far and know their ways is Standard Chartered Bank. For them, all you have to do is to click on investment option in bank app. Everything there is automated: After clicking, check available listings and select options the has your desired rate & tenure. Then you Input the amount you want to invest (Be sure it's already in the account with them before you start the process) and select buy. That's all I can say for now. If you have other questions you can still ask. 2 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 8:33am On Jun 29, 2024 |
heavenisreal18:See there is nothing wrong for you to contact any bank you invest with either via call or email on the Friday of Auction week or at least Monday of the following week to confirm the status of your TBills subscription. You can sometimes go out of the box of banks and contact other investment houses too because I don't understand what banks are doing these days. You can contact coronation, Greenwich, Afrinvest etc. Asides primary market, they sometimes some good deals in the secondary market too. You are just emails or calls away most times. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 9:45pm On Jun 27, 2024 |
just2endowed:It should be on 29/6/24 and that's weekend. So you should be looking at Monday 01/07/2024 or Tuesday. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 2:20pm On Jun 27, 2024 |
mikeapollo:She said everything she had to say in the quoted post. In all the stocks you mentioned bar Transcorp, something happen that changed their fortune chiefly of which is management. For transcorp, the management didn't change but it took an attempt for a take over before the Chairman had to let minority shareholders benefit. That's someone that's even known to democratize wealth ooo (As he would say) if you compare every other of his company listed. What is the antecedents of Oandos management?When last did Oando pay dividends? How much dividends has investors that bought it about 70 Naira gotten cumulatively from 2010 till now. Also, this is not their first time of acquiring assets. Oando acquired ConocoPhilips in 2014 with fanfares. How has that benefitted the shareholders. There is all also " Future Potentials" and "revenue and profitability" that at the end will disappear all the while it will just disappear as usual. So, let us just gamble in peace and allow sentiments make money for whoever want to ride with the tides but if you really want to look at it based on antecedents, there's nothing in it. 9 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 10:48am On Jun 26, 2024 |
IYGEAL:It has now been credited even earlier than posted. You can check your CSCS for confirmation. |
| Investment › Re: Mutual Funds by freeman67: 8:59pm On Jun 25, 2024 |
olig:For me, Morgan has been very ok and I have never hesitated to recommend it to anybody that needs it. Their fees/charges is about the cheapest among brokers here. You can connect to NGX live feed through the Morgan itrade webportal and make realtime transactions yourself without recourse to them. With them, your account is credited when you pay and email notification will be sent you instantly. So long as you rightly indicate your account number no need to call them. If you request for withdrawal through their automated channels on the web portal it you mandated account will be credited in no distant time. The only complaints you can get is sometimes when the NGX platform is down you may not be able to access. Also, once in a while people complain about their customer care but I have not encountered it like that. I experienced same thing with Stanbic IBTC Stock brokers. I got frustrated and left them alone. The most annoying thing is that they started responding after I have gotten myself sorted out. Like you have been told, the efficiency of the parent body has nothing with subsidiaries ooo. If may say, not minding the fact that the have frustrated me of recent and am very angry with them, the most accessible Asset Management firm through their parent bank is SIAML . In any Stanbic IBTC Bank, the customer care can handle your issues, relate them with their asset management wing and you will get your desired response immediately. The first time I tried to open FBNQUEST Account. I went to the main FBN (Commassie) branch in Abuja. I was only told that they used to be here but have moved out to Mataima. You can open a Stanbic MMF Account in any Stanbic IBTC Bank branch. Brands like United Capital Asset Management are doing very well on their without recourse to UBA. Also, to me as a customer I prefer the services of Coronation to that of Access Bank their parent. |
| Investment › Re: Mutual Funds by freeman67: 10:20am On Jun 25, 2024 |
olig:About the online access, I asked them in July 2022 and they told me they were working on it. That it will soon be out and uptill now they are still working on it. That does not show any sign of seriousness. They must not even have an app just a web portal will do. I am using morgan capital as my broker and can confidently recommend it to anybody with just their itrade webportal. About withdrawal maybe they can keep up with that 1-3 days promise. It's only when there is a trail that you will be convinced. Not to discourage you ooo because you are already with them but you have to know them and prepare your mind so you won't get frustrated. Also, having a better service will be a bonus for you. Even more viable firms like Stanbic, FBNquest and United Capital most times do not treat it the unautomated request that fast as quoted. While, you will get your funds within 3 - 24 hours after withdrawal request through the automated route if everything is rightly done from your end, going through filling of liquidation form request takes longer time with back and forth. I tried it with InvestmentOne's Vantage Dollar Fund before it was moved to GT and it took me about 2 weeks with serious craze/display in their office before I could get my fund in my account. Maybe because is VDF sha. They might have changed now sha because it's a new management. Also, individual experience will definitely be different. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 6:17pm On Jun 24, 2024 |
IYGEAL:Okay. About that, attached is the message sent to me from my bank. They said the allotment will be between 4 - 6 week. So I believe there is still time.
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| Travel › Re: Flooding At Trademore Estate In Abuja, 2 People Feared Dead by freeman67: 2:43pm On Jun 24, 2024 |
Immediately it happens, they will start calling on government to do something. Whereas the same government has identified what to do and had wanted to do it since but they won't let the government. Is it that they just want to be sacrificing themselves yearly and that after ask the government for hand out or what? I understand that it's not easy for civil servants to acquire land and build because it takes a lot of sacrifices but then if you or your family is swept away by flood who will now occupy the house. Nigerians matter just the tire me. 2 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 2:40pm On Jun 24, 2024 |
IYGEAL:I think FGN Savings Bond was to be paid on the 16 June 2024 ( The actual payment date) but wasn't because that 16th June was a weekend and at the same time a public holiday (Sallah). 17th and 18th were also public holidays. So it was paid on the 19th June. I got my last coupon and principal at about 9:50 PM on 19th June. So I suggest you check your account first to be sure it wasn't paid to you. If it's not there. Then send a mail to your broker and copy CSCS. Hope you saw all the previous coupons without issues. If yes then the problem is from them but then, they will still shift the blame as usual. |
| Investment › Re: Mutual Funds by freeman67: 10:19am On Jun 24, 2024 |
ernie4life:Everything about them is bad. There is more to mutual funds than just posting profit. Imagine common to creat an app or better still a website where investors can monitor their funds they can't. Some Asset Management like United Capital and Stanbic IBTC have both apps and website where customer can monitor their account. The investment one they took over from use to have an app but since they took over everything changed. Contact their customer service today for anything no matter how urgent you will get your reply 3 days after it could be upto 5 days if you are not lucky. 1 Like 1 Share |
| Politics › Re: Tinubu Calls For Punishment Of Civil Servants Receiving Salaries Abroad by freeman67: 8:08pm On Jun 23, 2024 |
If only this could truly be achieved. It's only possible without the involvement of the Perm Sec, Heads of Agencies, Services and Departments. The President and HOS can not come down to do it. Nigerian really have their ways to frustrate any system no matter how effective it's designed to be. The worst part is that it's still those abroad that have better chances of promotion and advancement because they have better money to bribe from. At the end, if their abroad endeavours does not work or could not longer sustain them there, they will want to come back and lord over people that actually gave their all to progress the system. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 4:04pm On Jun 20, 2024 |
Akerewe:First of all, I am not the author of the attached schedule. It's the DMO who is incharge and that's the actual payment date. Secondly, that some people chose not to do their work when and how they should do it doesn't not make it correct. Thirdly, saying the payment is usually between 20-23 is not correct because apart from the first coupon which I didnt collect early because there was a mistake on my account and it did not deliver, this is the the only one I am getting this late. At most, I have get it on the 19th of Dec. Yet, that does not negate the fact that the official payment date is 16th June or Dec except that date false on weekend or public holiday. I just don't want to litter here with proofs. If not I would posted all the alert from June 2021 till date for you to see that you are not correct or that your bank takes time to credit you. Your usual delays for upto 20-23 is not from CSCS. 1 Like
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| Investment › Re: Treasury Bills In Nigeria by freeman67: 3:33pm On Jun 20, 2024 |
Akerewe: |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 10:30pm On Jun 19, 2024 |
Akerewe:Nooo..The payment should be on 16 June. They just deliberately push it sometimes. You can verify from the calender above. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 5:55pm On Jun 19, 2024 |
aieromon:SUKUK 3 rent payment was supposed to be made on the 16th of June and it was a public holiday shouldn't it have been made first thing today which is the next working day? Same thing with FG Savings Bond Series 95 yet no alert. Na wa ooo 1 Like |
| Investment › Re: Mutual Funds by freeman67: 5:09pm On Jun 19, 2024 |
VeeInsider:Yes, United Capital Asset Management is the Asset Management wing/arm of United Bank for Africa. What do you want to know about their service and reputation. I have used them about 2 and half years now if I am not mistaken. Cant really remember the date unless I check. For the period I have used them, their services have been good. I opened the account online through the app and afterwards finished up with mails/calls where they needed clarification while verifying my details before my account was setup and the details were sent to me. Their rates have been okay when compared to others. Their customer service are responsive both via WhatsApp and email. Though I rarely call them so, I can't say much about calls. You can get same day withdrawal if your account is well/completely setup. That said, just like every other Asset management firms, you may encounter delays once in a while in them crediting your account after deposit if you don't do it according to instructions or you at the end of quarter when they are settling accounts. 2 Likes |
| Investment › Re: Mutual Funds by freeman67: 8:08pm On Jun 15, 2024*. Modified: 11:42am On Jun 17, 2024 |
Yemoskii:@bfn1 has given you the required explanation above. To add to that as an example, FBN Quest uses Citi for collection of their MMF instead of First Bank which is their affiliate. Also, United Capital Asset management uses Stanbic IBTC instead of UBA their affiliate bank. Those custodians and trustees are barriers put in place against to mitigate the risk of fraud and embazzlement. It is easier commit fraud if only funds are managed, warehoused and overseen by just one entity. 9 Likes |
