₦airaland Forum

Dum20:
Oga someone comes to a thread for investments discussions, he spews hatred for his fellow human beings, his fellow country men. He shows his deep seated hatred for a group of people just because of the language they speak and you come out to defend him and say, that he was provoked.

Very shameful. I do not think i have seen you condemb his actions.

For christs sake, how can you be justifying the actions of the guy?

If I insult you, insult me back, you do not go and spew hate for your fellow human beings that do not even know you exist.

The shameful aspect should be for you and all others that will gather on this thread to look for trouble and later start forming victim. That's something to be ashamed about.

Earlier when all these started, I have berated him and even reported many of those posts here to the MODS without even informing the house that I was going to do it because they were derailing. If the MODs could, they'll testify. However, I discovered that most times you guy would team up and call him. I have highlighted where he called him out but you could choose to be selective. So, I am not justifying anything.

It's just that you guys wouldn't let sleeping dog lie and at the same time can stomach what he will spill out at the end.

Yes, it's a platform where we can disagree to agree but why will you insult me in the first place. You of all people should know that "A mouth doesn't go to another month and comes back empty handed". Thus, when you decide to give, you should be expecting to receive in return.

Oyeleye101:
Anyone with guidelines on how to change my sukuk rental payment receiving account details to another account number?

This one na had work ooo. You can just mail the bank/financial house you used for it and maybe CSCS too about it.

Educationalserv:
please do you have the calendar taught it has ended for the year

This was his first of this episode of the Saga. A reply to my message Just asking for treasury Bill calender.

Tranquility2345:
Ahib, you don come again. See werey wey dey disguise

Above was your response.

Tranquility2345:
Who is this meant for

Who fired anything at the hopeless man? If you are referring to me, show me where I or anybody insulted him. Is it wrong to point out that it is the useless tribalist coming back to derail the thread? See your mouth like salvo. Yamayama fall on your bald head there for saying wetin you no know

Of course I was referring to you. Wetin your own mouth come be like, Pig?

Small thing, you will call him out. Once he comes out you will start crying like a baby looking the MOD that will ban him for you. If you are brave enough why not stand for yourself? Why calling the MOD. If it's to talk anyhow to people that don't want problems, you are number 1. Come and face your mate na, no.. you will start crying and calling MODS.

Akerewe:
Good day house, the 2038 fgn bond I opted for from Stanbic did not fly, any hope of sukuk bond this year ending?

Some of this Fintech app are offering mouth watering % like 18-20%.

Which of these Fintech app is a sure bet to invest in?

So far, SUKUK has been auctioned once yearly since it's inception in Nigeria in 2017. The auction for 2023 was in Oct 2023. So, I don't think there would be any auction this year again.

I seldom use Fintech except Opay. I have not done tried investing there but from feelers, their interests is not extra ordinarily great.

You will fire the first salvo and once the heat is on, you won't be able to take it and start forming victim.

You will insult anyone that tries to caution you against and start calling the MOD. I think it's 2 of you that should be banned.

Oracabessa:
Here na electrician or cable connector workshop?
Me I don’t understand this website again!
Okay if at all you are given suggestions, you may likely not be able to fix it yourself, why not call someone capable instead?

Here is not an electrician or cable connector workshop but knowledgeable/experienced people here can give heads up that will save you some costs.

AmazingELixir:
Why does he look like Sadio Mane..

It's because of the hairstyle.

Tohmey:
Clear me, 12% will be divided into 2 i.e 6% for the 182days is that what they mean by that?

Yes, because that rate is per annum which is 364/365 days.

Christianoir:
I’ve been writing exam since i haven’t gotten any carryover…Just had one today God [u] I feel disgusted and ashamed.. since I started writing exams since Monday all my grade have been A throughout
It cbt exam once you finish writing you will see your score

I wrote and score 40/100 which is F (carryover)
The course wasn’t that hard..I read it, it was time
60 questions to answer 20min too small.

I don’t know what to do….this is my first
This is my first carryover course since
It breaking me down

I don’t even have to zeal to read for next course again

Breaking you down for what na?

Are you in your in Medicine or final year second semester?. If yes, you will either change department or spill which is not the end of life. However, if your situation is none of the above, just buckle up next semester and avoid any subsequent one. That's all.

Ibrahim505:
I contacted Morgan today about my Sukuk subscription: It was not successful-form wrongly filled. They now sent me ongoing FGN saving bond form to fill.
They should had refund my money back to my cscs account since.

This is very bad of them. They should have contacted you earlier.

If you are interested in the Savings Bond, you can continue. However, if you are not, you can just pull your funds from them immediately and invest elsewhere.

FG Bond is auction is next week Monday. If you act fast enough you will be able to partake in it if interested. Just contact any of the banks listed on the form for further information.

Educationalserv:
please do you have the calendar taught it has ended for the year

I don't have the calender. The previous calender ended with the last auction. I found out from my bank that there will be an auction this week. Apparently there is a new calendar not yet released.

drealj:
Morning, will auction take place this week

Yes, there is an auction this week. If you intend to invest it, just do it now. Anything later than now the week is gone.

Labadi69:
These are all high risk CPs. Very high risk!!!

Yes, it's risky. That's why investors need to do his/her due diligence and as necessary questions where need be. That said, there are know brands with very high ratings that would not want to default in their obligations because it will affect their brand image. It's okay to go for.

Also, investment generally is a risk. That's why you get return on it. It's just to choose the one you can chest.

shizzy7:
Hello what's the process of investing in a commercial paper? I Already opened a stanbic investment account but I'm not getting info on cp just their mmf and interest is 11%.
OR
Which is the best bank or investment house for treasury bills and at what rate will it be?

You will not see CP's that way. You will only be contacted if you indicate interest

If you want to invest in CP's you just contact Greenwich Merchant Bank Limited (bolaji.adeoti@greenwhichbankgroup.com) is a good guy who can put you through, FBNQUEST Merchant Bank, Coronation Merchant Bank, United Capital, Afrinvest e.t.c. There are some I dint mention here. Just contact them and you be getting details when available.

Some presently ongoing are:


1. MIXTA REAL ESTATE is handled by Coronation, United Capital, FBNQUEST and ARM etc.

2. SKLD is handled by Coronation and Afrinvest.

3. JOHNVENTS INDUSTRIES LIMITED is handled by handled by Greenwich, Coronation, Cordros, Unity Capital, AVA etc.


4. MERCURE INDUSTRIES PLC is handled by: Cordros, Greenwich, United Capital, FSDH and Cardinal Stone.


Once you contact them, they will send you reports and ratings of which ever company's CP you decide to invest. Please, you are to do you own due diligence before investing.

I think it's about 18 years or so..

Chikebrain:
Does FBNQUEST offer CP

Yes FBNQUEST Merchant Bank do help issuers to arrange CP's for intending investors. It doesn't seem common because you will have to at least indicated interest once or in a way have subscribed to their newsletter with your email add or phone number for you to be getting the information from them. If not, ordinarily you won't get the info except from other sources like Nairaland and co.

enque:
I do CPs with Meristem and they clearly state all deductions in the proof of investment letter.

That's good, Afrinvest also does that but they will bill you from all angles possible, they will charge you for the transaction even after the issuer have settled them. Then tell you that the investment is sublet to them because they are stockbrokers and not merchant bank so they have to bill to get their own.

Thus, I prefer merchant banks like FBNQUEST, Coronation and the likes. Coronation usually don't do any other deductions apart from the principal because they are most times either the lead arranger or one of the arrangers and the cost is borne by the issuer from their end. However, on this tax thing, they do not stipulate it on the proof, and when you ask they'll refer you to their mail/advert where it's stated that ' Applicable taxes shall apply except where otherwise exempt'. How I want take the follow up on exempt and none exempted again?

Infact there have been an instance that they have to come me to send them my TIN just when it was close to maturity. That is the only thing I don't fancy about them.

[/quote]te author=emmasoft post=127219471]

The same applies for CP.

Check this article on nairametrics Commercial papers in Nigeria in 2023: 6 key things to note[/quote]Thanks, I've seen it.

RayRay06677:
Post link if possible[/b]

https://nairametrics.com/2023/11/11/commercial-papers-in-nigeria-in-2023-6-key-things-to-note/

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.