₦airaland Forum

emmasoft:
Actually, it was a holiday of 10 years of no WHT on returns from T-bills since 2012 and it ended last year that is the reason the 10% WHT is back

Wow..!! Thanks so much for the info at least I now know why.

The holiday, was it for TB alone or it included CP because I am being tax for CPs too. The most annoying part is that they will not include it in proof of investment. I actually wanted to write CP up therebbut carried away with what I was doing?

Meerahbel:
They are over worked and the good ones have Japa.

I thought as much. I just discovered that except you have a direct contact of staff with them, this that used to easily done at the counter is now very difficult.

Ibrahim505:
There's no feedback from either DMO or Morgan capital since I subscribed to the latest Sukuk bond-no any certification or acknowledgement of investment. Is it normal? @emmanuelewumi

DMO just issue general notice not individual or to retail investors. It's Morgan that should have informed you but they don't normally notify investors until you contact them. So do well to enquire from them tomorrow.

That said, as a retail investor, I believe subscription was successful if not your money would have been returned to your account.

DigitalMallam:
That should be next year September.
It's done yearly based on past occurrences. You should have tried MTN CP @16%, ended just yesterday.

He is not looking to make a new investment, he talking about the already subscribed SUKUK VI.

There are other CP's with higher rates; like SKDL and Robust international with coronation. My issues with TB is the sudden 10% WHT they are deducting from accrued interest these days.

keeper303:
Please anyone with information about the 6th fgn sukuk bond? I have not heard any news since I made payment.

Contact the financial institution/house through which you subscribed for full details. Though it was oversubscribed, I think they accommodated all the retail investors. This, it means it was successful.

I don't know why they have stopped informing subscribers about the success or not of their subscription. When I subscribed SUKUK IV with Greenwich, I was not informed whether the auction was successful or not but when I sent them a mail, they replied with a proof of investment.

However, for Sukuk VI, it's either Stanbic through which I subscribed does not seem to care these days or Gen Zs have taken over the establishment. If not why wouldn't they notify me of the status of the investment? And even after the a week that I contacted them, they just casually told me it was book and that's the end.

abraolas1:
HI , Whats the minimum amount to invest in the primary market?

If you want to bid by yourself it's N50M but if you want to follow the banks bid, it's depend on the bank. Some na from N100k and above, some na from N500k and above while others na from N1M and above.

khachi:
I invested with stanbic for the primary market on Tuesday but still not debited up till now. Is that how it is now or i should be looking forward to the next date. When is the next auction please?

Just contact Stanbic IBTC to know if their bid was successful. They can delay in deducting money sometimes even if successful.

davit:
They actually messed up the app with the update. I can't access my NIN and BVN easily from their app again.

Very true. Services that were readily available before are no longer seen there.

ojesymsym:
Is this not a good thing considering that if someone has access to your phone he also has access to these details? I would think it is good that this level of detail is hidden.
To the bros complaining that he needs a token to transfer up to 2m, I also think it is a good thing a token is required for the same reason that if your phone is lost, you can at least be assured that no one can easily move your money out.

It is always good to look at the flip side,

If someone get access to your phone and he is able to get your bank app password/PIN, the least thing you should be worried about is your NIN and BVN saved there because those are just common information that could be gotten elsewhere. Infact except maybe for identity theft, those information as no that significant to other people as we take them.

Amaru04:
Hello Onegentlegyy...I'm interested and i'd like to know how to subscribe to this ,Is there like a whatapp number of so,please kindly copy me how to get onboard.

😂😂😂😂😂

Na wa ooo. So you just have to reappear on this thread for this purpose. No need for all these. Who really needs it and want to pay will pay based on his or her need. No need to create any false sense of desire/eagerness to get whatever.

gift01:
Nope; on Stanbic App it’s instant

After doing it, you will not be able to use it immediately. So it's not instant.

The latest GT App is Gtworld and it's on playstore. They have been trying to phase out the GTCo app for a while, I guess it's finally done. On Gtworld app if you increase limit, the maximum used to be 5M before the latest update. I don't even know if you can increase limit on your own now again because that option seem to invisible on the app after the update.


You can try installing the Gtworld app and see if you will be able to use it.

Stanbic used to be the hardest of all of them. You can not do any big transaction except you have increased your limit. Increasing limit will require you to sign an undertaking letter with a witness before approval in the banking hall before they introduced their holdco all encompassing Stanbic IBTC app. However, I think there is an option to do it on the app now.

Cooolme:
I have a stepsister living abroad, the daughter of my mom. She's been there since childhood, raised by her father, and has become independent.

Despite the physical distance, she has been supportive, particularly to my mom. Although she occasionally sends money to my mom, it's never quite enough for her.

I share a unique bond with her; we've always been close, even during her visit. The last time she sent me money was during my 100 level when things were tough. However, my focus shifted from financial help to maintaining a connection with her.

Recently, I noticed a change. Since July, she has been snubbing my messages, a puzzling behavior considering I don't seek financial assistance. I've made it a point to check on her regularly, something she mentioned our mom doesn't do. At my level now if she needs money I can even send for her but her recent attitude has totally changed my mind towards her. I'm contemplating blocking her and ending contact, as it seems that's what she wants.

It's a challenging situation, and I'm curious if anyone here has experienced anything similar.

First of all, are you sure she is okay health-wise ( Both physically and mentally) and all other wise? Do you have any other ways of checking on her or her activities to see if she has actually been active and well? If yes did you use those channels?


If the questions above are yes, then talk to your mum to be sure if she hasn't done anything that made her want to abandon everyone. If pray she tells you if there anything like that.

Finally, if you are tired of not being responded, you can just pause the communication but do not close the channels or links for her to reach you.

Chikebrain:
An update to the above:

I reached out to Zenith Bank to liquidate my TB I invested this Sept and I was told I'd be loosing over N2M from my capital for having to liquidate it so I'd get ( XX,000,000 - 2M+).
I actually thought you only make a loss of the incurred interest or am I wrong ?

It's dicey somehow. The things to consider are;

No 1. is that you have collected interest upfront when you invested. However, if it's just that, plus and minus will settle it.

No 2. Is that rates have gone higher than what you invested. If the bank is to retail OTC, nobody would want to invest at that low rate now knowing that there are better offer available. So if the rate it is to be resold is considered, you will loose money. You didn't mention the rate you got it and rate they are to resale it but that's how it will be. E.g if you got it at 13% about 2 months ago and the prevailing market rate now is about 15-16%. You will definitely loose money.


Going by the 2 reasons above and the possibility that the money might be big, Liquidating now might cost that much. So it's left for you to decide whether to endure the loss or let the investment run its course.

enque:
I noticed she mentioned TB secondary market. Isn't that done in 24hrs, as against primary market where one waits till the bank confirms their bid was successful

Ok, I didn't see the secondary market part ooo. It's usually credited after settlement, and might be longer.

debbydee:
Good morning

Please I was at FBN on Tuesday to invest in TB secondary market the fund has been with drawn from my account but up till now I have not been credited the interest.

Is there any cause for alarm. Thank you.

No issues the money has been taken into custody. If successful next week, your interest will be paid back to the account and your principal will be refunded at maturity. However, if unsuccessful, the whole amount will be refunded to your account afterwards. So nothing to worry about.

The description fits multiverse ooo.

Kennitrust:
one of my brothers made the idea but his business crashed The other elderly one too over and all of us support him financially plus using the compound as collateral to get loan from micro banks.

The business bourgeoning now and we are being kicked out. Water from our family soil. Our Oilwell!

Ok. While you it's glaring from your explanation that there is serious family support that aided the business to its present level, there don't seem to be anywhere it said that the financial/all other supports were loans to be repaid with interest or were investments as shareholders in the company.

What would have happened if the business was not successful? Like you guys contributed all the money he used, the family land as collateral to get money and the family borehole but at the end he didn't tend to the business and it died. I guess no one would have laid claims to anything. Thus, there is actually no legal claim to his profit. The best that can happen is would be maybe would have been to collect the family property from.

That said, he has to be considerate from his own end too as his business would not have picked without the family contributions. He should consider the sacrifice you guys made for his business. Ordinarily, as Africans, he should be able to tend to his siblings even if they didn't contribute and he has the means. Also he shouldn't have left the family property to decay. Knowing fully well that he been the major benefactor of it.

You will have to consider the above and also consider the fact that he used his time and energy to nurture the business to success. The business succeeded before he was dedicated and true to it.

Kennitrust:
Straight to the point:

We're family of 8 living closely together in the family compound.
What happened here is that in 2009, shell company came to our community and and offered us and anyone interested a cheap and affordable borehole. We took the advantage to have borehole in our family compound.

I don't understand ooo. This your statement is not too clear. What was the basis of your contribution to the business? Is that he asked you to contribute and promised to make you guys share holders or that he asked you guys to dash him money for his business as a family?

genius43:
MTN has been terrible of late.

I suspected that. That's why I included it. I switched to Airtel and it's been relatively better.

SILENTandSMART2:
Come city leave village

😂 The problem I'm facing with my redmi note 10 pro I can't do nothing but keep it to myself but solving it in abnormal way,

All this phones will come with one or two issues

😂😂😂😂
I actually sent this message from the 'townmost' part of Abuja. Among the very few locations where their 5G has been functional and operated very smoothly.

The heading should have been Friesland Campina WAMCO repackaged mini peak and three crowns liquid milk packed like Hollandia Milk.

genius43:
I won't go into arguing about a cliche perception of MediaTek. But since you want peace of mind go for Redmi Note 12 Pro 4G. It is a RN10 Pro with Dolby Vision Display and a faster Charger

Perceptions work for people as perceived most times. The Xiaomi phones I have used/using are Redmi Note 4 Pro, Redmi Note 9 Pro and now Xiaomi Redmi Note 12 Pro Plus 5G. I did not at anytime experience any sort of hanging within the 1st year of using the 1st two I listed even when they had upto a period when I had stuff in more than half of the storage. However, with this present phone of barely 4 months, I have experience it like about 4 to 5 times even when I have not used upto 70 GB out of the 258 GB.

I have to go for it because there was no Snapdragon Variant too.

The charger which was what actually impressed me has been misbehaving since yesterday, I am now relying on my forgotten Note 9 Pro charger which I dumped after over 2 years of usage because the was stolen and the 5G ( Don't know if it's MTN ooo or na the again) has been terrible these few days. I will admit that it was very good at first but now with more than 20 GB Data and 5G logo I am struggling to watch videos online.

@jwens

noobody:
Yes it is a very good buy,and I can supply you if interested
You are only missing out on 200mp which is not important because normal shot is not 200mp,
And also 120w charging brick,67w can get the job perfectly done.

In Fact he would not miss out on anything. I got one of the Note 12 Pro Plus 5G and started using it August. Though I am not a picture freak but that 200MP Camera is not that great. The major thing that made me went for the phone was the fast charger which I fancied up until this morning that the charger started acting up without any provocation.

I just plugged it in the morning and discovered that it will start charging as usual; raise from Normal charge to quick charge and then to 120W charge but instead of continuing that way, it will stop charging immediately later start again and stop. Not as if any happened, the charger didn't fall, the light and everything was normal. I tried to use my previous Note 9 Pro charger for it and it was acting same.

So I Switched off and later on but nothing changed.
I later tested it with power bank and it was charging normal. I connected the Note 9Pro charger again it was charging fine then I connected that 120 Watts Charger it started misbehaving again so I had to plug the Power Bank to stabilise and then I am now using the Note 9Pro charge for it.

The difference in price is too much to sacrifice for the two things.

ositadima1:
A share of Dangote is currently trading at 62.20 Naira. Will Dangote's stock price outperform the CP by more than 14.7% in the next 270 days?

CC
emmanuelewumi

This CP is for Dangote Cement.

The price you are quoting is for sugar.

narite:
Thanks! I will get in touch with them.

Ok, please modify this last message and remove the details of the agent there.

Thank You

narite:
How do I key into this? Website? App?

It was sent to me by Coronation Merchant Bank. You can Google them mail them directly or

Dangote Cement plc

David160:
Who is leading in kogi right now?

This actually seems like a form of demarketing to a particular candidate but then, the election results will speak for itself.

amordi:
I think the rating has to do with the financial capacity and stability of the company. I'm looking for a way to build confidence in most of these ones with higher rates. I think the risk is higher

You can speak with the agents of the arrangers on your areas of doubt. If the mail was sent to you directly, you will see their annual reports. The ratings, firms that rated them that way and explanation why. You also Google the companies to see their track records.

Some of those CP are now between their series 10 - 15. How have the fared so far. Have they been able to keep up with their obligations..? Contacting the arrangers will let you know what they (arranger) have put inplace to ensure the CPs doesn't fail in their obligations.

At the end, it's all risk taking. That's why due diligence is essential. I only subscribed to that of MTN some months back because it was the only CP available then if not the rates was too poor even when compared with the TB rates that came out a week after.

See this ones.

RayRay06677:
Rates?

Yes ooo. Because of their AAA rating they think they can always mop up cash at very low rates. The last one I subscribed with them was even 11%. It was later they pitied themselves and adjusted it to 12%.

However, with the platora of companies seeking funds with rates ranging from 15% and above, who go look them except Pension funds and the likes.

amordi:
Who is the arranger ?

Coronation, FSDH etc...

There seem to be an attempt to demarket the everly present and always representing Jollof Rice here by not covering it with any protein. If well prepared, it takes the lead while others follow.