Freeman67's Posts
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 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 |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 9:25am On Jun 13, 2024 |
IYGEAL:Banks pays interest upfront Except you give a contrary instruction. For StanChart, Except you reinvested your interest by imputing the sum total of your principal and interest while initiating the transaction and or your transaction is yet to be completed. Standard chartered will only remove the principal and return your upfront. Once the transaction is completed, an email will be sent to you with clear details of the investment. Just that they take their time in all their processes. Like sending you email alert of transactions after a week when all is settled and no complaints. Also, like sending SMS alert notifying you that a transaction is about to take place on your account once it's initiated allowing you time to react incase it was not authorised by before you will eventually receive the transaction alert. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 9:03am On Jun 13, 2024 |
Odunharry:Rate or yield? |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 11:18am On Jun 09, 2024 |
Happyfellow147:The last contact I shared here I was banned and it was removed even though I see people share it always without consequences. Just Google Afrinvest and you will see their contact there. Their customer service should be more responsive email address. For Stanbic Google Stanbic IBTC Asset Management you will see Thier contacts too. in their case I think calls work more than email because if you email them even on a working day, you are probably going to their response a day or 2 after but calls are instant. 3 Likes |
| Family › Re: Wife Insists On Having Separate Bedrooms After Wedding by freeman67: 4:53pm On Jun 07, 2024 |
 That's your opinion and it's not bad. I think the husband should have his own separate room too. Where he will have his own lone time and arrange his own stuff since he is not clumsy and like his stuff arranged. The masters bedroom will be like a stadium for match when needed. That way, no one goes to each others room. His own sibling too will not have any reasons to come the masters bedroom. Whenever he wants his space he can just go there and be on his own. That is what is missing here. |
| Family › Re: Wife Insists On Having Separate Bedrooms After Wedding by freeman67: 4:41pm On Jun 07, 2024 |
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| Investment › Re: Mutual Funds by freeman67: 10:10pm On Jun 06, 2024 |
David6956:I have experienced it for about 4 times this year. The last one was last week. before it was finally credited on Tuesday this week after calls too. emmasoft:For me, I am aware of all these scenarios and try to make sure all is well when ever I am sending money. Even system glitch that I would have said would have been the problem is not because on about 3 of the 4 situations I have had this year, I called them and they confirmed to have received the money. Their excuse them will be that my bank did not send my e-account but the receipt the bank sent to me had the e-account clearly as intended. Then I said ok, let that not be a hindrance I will call the e-account number and sent them mails immediately with all the details. After which I will get the usual reply 'it will be credited before the close of work'. So Stanbic needs to wake up. 2 Likes |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:56pm On Jun 02, 2024 |
emmasoft:True sha... |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:22pm On Jun 02, 2024 |
emmasoft:I think it's more of lack of knowledgeable and committed personnel than size. This past week will make it about the 4th time I will pay money to their collection account to be credited to my MMF this year alone and it wont. For God sake, the money is sent from my account and my e-account is boldly written as required but they will claim my bank did not include my e-account. Most of this times before I call to complain, I have already sent mails detailing everything and it will be received without reply. Then after calling them, I will and through the conversation I will discover they actually received the funds. Let's say my Bank did not send you my e account in the remark as you said. I will also discovered they have received the mail stating my details and all and promised to send inform the department in charge of it but that won't happen till I keep calling and calling. Just to get my account credited ooo. That one of last week has still not been credited after acknowledging that they got the funds and me sending all required details before they even asked. That's fine though, because it made me adjusted in other things I would have done with them. I had their all in one app and I require and patronise all the services in it. It first started with trying to open a stockbroking account with them and it was hellish till when I was no longer interested then I started getting replies to their mails. Then, someone in their pension arm started marketing me to move my pension there. I no longer fancy any drama with them so I had to pend it. The only thing still keeping me with their Asset Management is just their ease of withdrawal once everything is right. If not I would have been far gone from them. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 3:23pm On Jun 02, 2024 |
Bluekapon:This is not unusual. Every bank have the way they operate. While some banks will just deduct the principal and leave the interests for you, others will deduct the whole sum before sending back the interest. Another is that hope you did not tick for the interest to be reinvested with principal? Or hope you are sure it's not FD they sold for you as TB. Once you are sure, by Monday /Tuesday you should see the interest and if you don't, you will have to call them for it. 1 Like |
| Crime › Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by freeman67: 8:59pm On Jun 01, 2024*. Modified: 11:19am On Jun 05, 2024 |
I was almost going to complain about something like this, Some week ago I made a transfer to First Bank Account for someone. I was expecting instant delivery as some other one I did from same Opay delivered instantly. Eventually, he wasn't credited after 24 hrs. I now had to contact my bank Opay who told me that me that the transaction has been successful from their end the very minute I made it and asked me to give the Transaction and Session ID of the transfer to the beneficiary to give his bank. I gave him the transaction details and he contacted first bank. He was told by first bank customer care that nothing was sent to them that he should ask the sender to call request for a refund from the sending bank which is Opay. I reached out to Opay with his feedback and I was told to go get his 3 months statement, and the transaction receipt. I and got and sent the requirements to Opay as that money. After all the back and forth/suffering and delays, the next day after instead of refunding the money to me it was later sent to the first bank account. I didn't know something like this was already happening there. Na God go save us for this Naija ooo... Imagine someone trusted with people's money. Not that he borrowed, to use the money and return ooo (which is even ethically wrong too). He diverted the money. 3 Likes |
| Islam › Re: P.O.S in Islam by freeman67: 3:12pm On May 31, 2024*. Modified: 4:59pm On May 31, 2024 |
Before the scholar come to give us the perspective from Sunnah and Hadiths. Let me explain somethings that I have observed. I have used the 3 Islamic Banks I know in Nigeria which are Taj, Jaiz and Lotus. They all operate like the normal commercial banks. The difference I noticed between them is investment in businesses that are halal and not investing in Haram businesses. They all charge customers like normal bank for deposit and withdrawal, you pay to get the ATM cards like normal Nigerian Banks, and pay for SMS charges. However, the between the 3, I prefer Jaiz, Lotus before Taj in that order. Jaiz pays you profit monthly if you have savings there like other bank will pay you interest, Lotus pays you profit once in a while too but Taj will never do such but will charge for everything chargeable. The only Bank I have used in Nigeria so far that is free of almost all the things most Nigerian Bank charges for except Stamp Duty Charge which is mandated by the government, is Standard Chartered Bank. No transfer charge, No SMS charge, infact my ATM card was sent to me FOC, no payment of waybill sef and on top of that, the ATM they gave me has the highest life span of ATM I have seen since I have been operating banks. I have paid at least twice for another banks ATM since I have been having that and it has not expire. Ehen, now to your question op, I can't categorically tell if it is acceptable or not. However, I can tell you that though I personally abhor the use of POS, I don't see in the bad light of selling money like some people see it. I see it as rendering of services. First, the operators get their operating space most being paid for. Secondly, they get either their shop, kiosk or umbrella, chairs and tables prepared by paying for it. Thirdly, the POS Machine is being paid for too Fourthly, for every transaction they do, the operating companies charge them for it too. Finally, they get cash either by transporting to get from banks or sourcing from other areas to service their customer. Above is a proof that they have made investments and are not just about reaping people off. Then on the Service part and the reasons why these investment are made, they help people who are in urgent need of cash and can not go all the way to the banks. Our economy is still cash full instead of the cashless the government would have wanted. Thus, they bring cash closer to the people, which also help people save funds. So with all the above, I think the POS business is just as a normal business of a grain seller bringing grains closer to buyers. The only thing that could be bad in it is overcharging people much more than what it is worth. 2 Likes 1 Share |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 9:21am On May 31, 2024 |
Dangote Cement Div just landed. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 1:48pm On May 30, 2024 |
Odunharry:All those fees put together is no where near the WHT. I have not done TB for a while so I know may have changed. However, as the time I did, TB was exempted from WHT. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 7:09pm On May 28, 2024 |
Princkez:I watched when he said said at the AGM that he likes paying dividends on Friday so that shareholders can enjoy the weekend so payment is on 31/5 |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 5:29pm On May 28, 2024 |
Picky1:Yes, they did. 0.22 kobo paid on 24th May 2024. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 3:13pm On May 28, 2024 |
freemindcity: just divide that your thoughts by 12 or 366 days as we are presently in a leap year. It should have been 365 days depending on what the firm decided to use. After that, multiply it by the number of days involved. Then minus the withholding tax. You will get the answer you seek. 4 Likes |
| Business › Re: Army Withdraw From Banex Shopping Plaza, After 9 Days Of Siege by freeman67: 5:39am On May 28, 2024 |
Na Banex na. By the grace of God majority of people wey dey for Abuja go in a way or another reach there to do business. It is wrong to first of all call soldiers. However, just pray that may you not in this hard economy gather your money to buy stuff you intend to use and at the end you will not get value for. Mind you, there is a at least a police post there in Banex but customer will rather sort self help because there are already bought over. Moreover, the job of a police man there is only to protect the businesses either right or wrong. It's only in the court the seller may get justice. Yet, if any issue is to take you there, na the billing of your life you go receive. But then, thank God you guys are now acknowledging the responsibilities of the police. Maybe it's time for the soldiers to be called to their barracks and allow the police to handle internal crimes and misbehaviours but then, e go do Una? That said, I discovered that lots of this Banex urchins are here, filling the thread with Anti-Army posts for correcting what seem to be societal wrong. We see people complain everyday here when Mob action is taken again thieves that were even caught in the act ooo but because it's Army personnel they hate law and order, mob action on them is now a good thing. You filmed, in jubilation and post online where you were mobbing the Army personnel and you think there will not be any consequences. You lie. Even the bandits and terrorists that you are now glorifying as your preferred lords and personal saviours would mostly don't not do that. Committing crime and postings their faces allover the internet at the crime scene. Anyways, it has happened. My only concern is for other innocent shop owners who may not even be aware of the happenings when it was ongoing that had to have their shops locked up for days. They go don loose money. As for the shop owner, at least e go don learn say; first, selling bad products to customers and thinking all will just take it like that will not always happen. Second, if issues come like that with a product you sold to customers you should always find a better to resolved instead of thinking that nothing will happen. Thirdly, instigating mob action against Security Agents is bad no matter who is on your side because at the end, na you go carry am. No amount of online instigation and insults on the authorities go solve am. The same energy they used in videoing the mob action is the same energy they'd have used in videoing the quarrels when it started without fight and send it to twitter as they did even if they don't know where to report officially. By now na only the Army Guys for dey in soup but now, they are all in soup together. And to the urchins in Banex, If Una like make Una continue na small small hand go touch Una. If you cannot go about your normal business without fermenting trouble then do not go and put people's businesses in jeopardy. If you want fight, go learn boxing for National Stadium or go Deidei go learn Dembe, you can also carry that strength try join the Army too no be for business area. And for all of you wey dey shout tax payers, all government employees na tax payers too. Infcat na them dey pay tax pass sef because the government has access to their salaries and wages and taxes are deducted from it at the source even before it's paid to them. No be business men wey fit manipulate and pay wetin him like. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 2:45pm On May 26, 2024 |
yeddy99:The rate is locked in. No increase, no decrease but not that the interest is paid bi-annually ( Splitted and paid twice yearly). |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 7:59pm On May 25, 2024 |
WestPB:I-invest. |
| Investment › Re: Treasury Bills In Nigeria by freeman67: 1:07pm On May 25, 2024 |
Odunharry:The secondary market rate you get from banks is very different from what all those apps and other investments houses offers you. With the banks getting anything above 19% is a every serious luck because even the FGN who are the auctioneers have not given more than 20.7 for a while has not given in the Primary Market so getting upto 24% is unrealistic and out of the equation. Also, with the banks like FBN, you will see the rate clearly stated but with some of those apps especially like Invest, Sewa Run and what have you, what you see there is mostly the yields not rates. With them, their rates will be mostimes far lower than the 19% given by FBN because they will only offer to pay your interest at maturity. Infact I bank with Standard Chartered where through their bank app you can do everything from checking the availability of rates and investing if you all by yourself if you so desire. I have not seen anything more than 18.3 there recently. Yet their is still better than all those apps that brandish 24%. With this 19%, if the investor choose to reinvest the interest it will be higher. The pictures attached show what you will get at maturity if you are to invest for example: 5M via I-invest for 362 day at the said 20.4%. If you chose to invest the 5M with First Bank @ 19% with 362 and reinvest the interest to collect it at maturity, the least you be expecting will be about N6,119,736.85 not the N5,991.000 in the screenshot.
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| Investment › Re: Treasury Bills In Nigeria by freeman67: 1:21pm On May 24, 2024 |
balostica:19% is very ok considering the fact that most of their successful in the primary market have stayed around that rate. 2 Likes |
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