₦airaland Forum

GeeKudi:
What's the definition of your 'integrity' in this context? Does it mean it is unrighteous to make money from a stock when its SP moves based on 'emotions and not logic'?

He did not say it either righteous or unrighteous.

The inrgrity in that context is him knowing that money could be made from that stock but he wouldn't partake in it because it doesn't conform with his ways of doing things. His unwavering and undivided stance in that decision is integrity.

Good day Oga @ernie4life

I got the attached today for NIveah CP. Please is it net WHT or gross please. I am in-between and that of the EUNISELL but the rate of the latter is better if it's with WHT.

chidiebere1999:
Good day, where do i go to buy commercial papers. Is their a broker for it.

You can contact Afrinvest or Codros.. EUNISELL LIMITED CP issue is on now and would close by Friday this week.

Berankis:
Even though, I do not like Dangote. It is clear that these trade Unions are only seeking selfish gains in the name of union dues. They are obviously never after the well being of Nigerians. The last time, the same PENGASSAN head told us the Port Harcourt REFINERY was working, only to later deny saying such.
I also learnt that NUPENG demanded N50,000 as dues on each Dangote truck that lifts fuel. Isn't that crazy?
At this point, Nigerians have no option than to go Dangote way...

The bolded is very true I watched Festus Osifo and co on TV defending it tooth and nail that the union had monitoring team or so that ensured it worked. That where I lost respect for him because it doesn't seem that it's going work. I didn't know they later denied ooo.

[/color]
Dangote cannot invest his money anywhere outside Nigeria and be as successful as he is in Nigeria because no society will take from him what he has been dishing out to Nigerians. No society will permit you to employ a diploma-holding Indian in Nigeria and pay him higher than a master's degree-holding Nigerian and be proud of it because "at least, you are paying more than another company." If you want to do business, play by the books. [/quote]Ogas incase you don't know. He has invested in other African countries and even in the USA and he is successful with them. Also, know that employment is also based on the employee's value, character and productivity not just his paper qualifications. If you like have a PHD, if all you can offer is aluta and plans to destroy investment that your PHD ideas cannot even conceive let alone execute, then you are you better than an Indian with a diploma that's productive?

awesomeJ:
Which hazard can be more than being a soldier in theatres of war in the north east?

Yet how much are those front line soldiers paid?

200k or less?

Yet some politician without conscience will steal billions, and worse stash it completely idly in a foreign land.

Abi they'll be willing to negotiate paying billions to terrorists.

In my opinion, any soldier who goes to the theatre of war in any given month should never be paid less than 1m.

Others who weren't deployed can be at 200k or so.

So let their salaries be 200k, but every time they go to a battle field, they should get at least 500k in battle hazard allowance.


But like you said, life nor balance.

Cos all these oil workers shouting hazards, which hazard is an accountant in Chevron office in Lekki facing, yet they pocket 12m in regular salaries, excluding bonuses.

I wonder ooo. Someone thinks the only Job that requires high level skills is working in the refinery. He doesn't think it requires skill to do anything in the security sector.

Wow..!! See flexing for some jobs in the private sector ooo. Apart from maybe FIRS, CBN and NNPC. Majority of those working in Government establishments can not come close to all these figures I am seeing here at entry or even mid level self ooo. If you talk now them go say hazards but some people in the security sector being exposed to hazardous assignments and even die daily from them but if you see people amongst them earning up to 700k then they are the Ogas at the top on Level 15-16 about 20 year and above done on that Job already.

No wonder things no gree balance for this country.

omonikiba:
Hi everyone, I’ve been silently following this thread, and I’ve learned a lot, and even started investing myself.

Unfortunately, my account officer has been giving me a lot of trouble. I placed an order for T-bills back in January, but by May, I discovered the money was still sitting in my book balance. When I emailed her about it, she insisted the transaction was done. I asked for proof, and instead of providing it, she said she would cancel and redo it. At the time, I overlooked it because I was overwhelmed with other responsibilities.

Now I’ve asked her to release my money at no extra cost, but she’s defaulting again. I know that if I report to the CBN, I have a strong case - she has no reason to keep holding my funds since she already defaulted.

The irony is, I only recently realized I could have been investing from home myself. In fact, the savings I invested in August have already yielded a good return. I honestly wish I was around to walk into that branch and shout it down It's already 10 months, no good interest.

If she fails again tomorrow, I hope I am right to escalate it to the right quarters.

Sometimes relationship matters especially if you are used to calling to get things done over the phone especially because you are not available to do it yourself. However, if you don't consider that a serious issue, you may go ahead and mail her to register your displeasure/disappointment in her/the banks services. Be sure you are precise in your narration then copy all the email addresses of the bank you know and copy CBN too.

That way more people and probably superiors will be aware of the situation. She will also see that you are serious and ready to go out so she will will treat your request promptly.

emmaodet:
I doubt you can have 2 TIN bearing same names.
Even if it is possible, you won't be able to transfer your shares to another broker or CHN using different TIN.
It is just like your stock trading account.
You will only be able to with draw to an account number bearing your name with same BVN, not different

I already have 2 Tin and I am looking for how merge them. The first came immediately workers were migrated to IPPIS and I started seeing it on my payslip. When the jtb website was introduced, I tried to look it Up and with my DOB and NIN and what came out was different.

olig:
Haha! Now I get it, I didn't know that it can not be migrated. Thanks.

It can be made to reflect on your trading account. At least I have done 2 this year with the same Morgan. Afriprud and same Oando bonuses are now part the shares on my trading account after I mailed them and they added it.

Maybe you did not write to any of Morgan's functional e-mail address. Go to their last mail sent to you and pick all the addresses there. Write to their customers service and copy all other emails you know that's related to them.

BKings:
But does it mean that after your money has been debited for the tb, your account statement would not show it , just curious.

If or when your money is debited for TB your account statement will show the debit but not the details of the contract/investment. A certificate or proof categorically states the terms of the contract like: the investment amount and discount value, the rate, the tenure, the charges and commission etc.

femiaction:
Hello Fam,

I need your advice on something. I purchased a Treasury Bill through First Bank on September 3, 2025, and requested a certificate of investment as proof. Instead, what I received was a document titled “Nigerian Treasury Bills Proof of Investment.”

The issue is that this document came without any signature or authentication from First Bank officials, which seems unusual. Has anyone here experienced this before? Shouldn’t a proper Treasury Bill certificate or contract note be signed and authorized by the bank? This letter was stated below


NIGERIAN TREASURY BILLS PROOF OF INVESTMENT
We thank you for banking with First Bank Nigeria Ltd and hereby confirm your Nigerian Treasury Bills investment with us as
detailed below.
Reference Code: xxxxxxxxx
Account Number: xxxxxxx
Amount Invested: xxxxxxxx
Tenor: 364 Days
Rate: 16.75%
Effective Date: 2025-09-04
Maturity Date: 2026-09-03
Principal At Maturity: xxxxxxxxx
Interest: xxxxxxxxxxxx

Please note that your interest on this investment is subject to the following charges: .

Commission: 0.125% per transaction (per investment)

Custody Fee: 0.10% per transaction (per investment)

Transaction Fee: NGN100.00 per transaction (per investment)

VAT: 7.5% VAT on Commission, Custody Fee and Transaction Fees

NOTE: Investment done before implementation of the new (7.5%) VAT remains 5%.

In the event that you have to liquidate this investment prior to the maturity date indicated above, this will be treated based on the
prevalent rediscount rate, which may be higher or lower than the above rate.

Please confirm your acceptance of these terms and acknowledge receipt by signing and returning a copy of this confirmation
letter to us.

Thank you for your patronage.

Yours faithfully,

For: First Bank of Nigeria Ltd


The officer incharge said this is the certificate First Bank issue for TB

Is been a while I have done TB but with the knowledge of what I used to do. I will say the contents of this your post is actually what first bank's TB certificate of investment contains.

However, your worries are germaine. Usually, after this; (Your faithfully For: First Bank of Nigeria) There is always an (authorised Signatory column above which the signature of the officer (s) assigned with the responsibility signs) in majority of the branches, it will carry 2 signatories one on the left and another on the right but some branches will carry only one. Also, some branches will Stamp it with a stamp that has inscriptions like;Team Lead Finance or that bears the name of the branch, some will also go as far as affixing postage stamp on it while others will not bother putting any stamp but in all thereis always a signature for the bank.

Also, they always print two copy and ask you to write original collected by me on the duplicate that will be left with them.

You should have asked them why the document was not signed by their any of their rep. That's not normal. They must be at least a signature.

crownprince2017:
As long as people are not ready to respect others' choice of stock, there will always be gbasgbos.

When person was recommending eti as the best new thing, the price keeps doing gbelogbebo till now, another hawked aradel, transpower but what happen? The same story. the same people will do plenty analysis why they felt a stock choice of another person is bad, some even criticized people saying buy with patients funds. None of the critics have ever come out to say sorry for misleading people even when it's obvious they were wrong.

I have seen ogg come here to drop recommendation and come to pass but bad belle will still come here and say there was no time frame that anybody could have done that. Since they chased him away, we are yet to see their recommendations with time frame.

Despite ogg showing plenty workings why he thinks there is a value in a particular stock, the bad belle no gree allow am stay here in peace.

Ogg, na man you be..

Double standard everywhere.

You guys can be fighting your stock picks/recommendations war. That's normal. What is not Normal is putting out incorrect information. Nobody chased OGG away. He was canversing for customers and trying to divert members to his group where he offered paid service. Even though that was not in anyway a crime/offence, it negates the whole essence of this thread.

He stopped commenting either because he has had enough customers to sustain his paid services or because he was no longer getting more customers from here. Nobody chased him away because of his stock picks.

Also, please beware that no matter how accurate your picks and predictions are there will always be people with contrary opinions. Infact even God that created the Heaven and earth human still go contrary to his commands. The only difference between the people that fronted/marketed aradel and transpower with those in Ellahlake and Oando is the emotions and intolerance attached with Oando/ellah fans nothing more.

Harddiskng:
Omo, this is very harsh

Though i have to agree with the bolded.

I thought i was the only one that noticed how their current crop of young employees struggle with effective and concise communication.

I no longer call, cause even from “Hello” i start to get angry. I mostly communicate with them via email and it takes 3, 4, 5,6 iterations (mail exchanges) to usually land at our final bus-stop about the solution to an issue and all these would take the span of a month or more most times.

Ratherless, when it comes to operational efficiency. Stanbic is still one of the best - in the land of the blind, one eyed man is king. At least they have leaders, driving performance. I no go talk when my eye don see for another asset manager hand . Those ones no dey see mail talk less of acknowledging it lol

Yes, when it comes to contactless transactions Stanbic is the most superior as far as the Nigerian Mutual Fund space is concerned. Before they use to have the best brains there too. However, the quality of humans there now, especially those in customer service has depreciated seriously.

You can never get issues resolved without being frustrated and your issues can never be resolved with just phone calls. You have to keep following them from all angles.


Calling them now is tantamount to wasting of Airtime.

Toluway:
I agree with you absolutely.
This scenario has always constituted my personal worries.
I left the federal public service at the highest level of it's hierarchy, so I know what I'm talking about.
I have observed that generally, only a quarter of the members of staff do the work of a government department. This are the productive ones.
Most of the others are the ones going around gossipping, licking the boots of directors and very senior officers. And they are even better preferred by directors who love flattery and boot licking.
Before promotion exams, you see them going all over the place. They are the first to pass promotion exams.
It's so painful that the same crop of unproductive elements rise to become directors.
You will see ladies get to the office, open their laptops or handsets, and launch to the social media... Facebook, Instagram etc.
And when you give them something to do, after a few minutes, they would start taking permissions to go home and take care of their babies, or going to take their children from school.
The system is so annoying and you can do very little about it. And they always steal whatever comes their ways. Those in higher positions are always likely cheat to cart away what belongs to the junior ones.
And when it's come to going out for field assignments, which would involve money, you would see everybody prowling around the place.
And this same group, who would always escape writing field reports would always find themselves in the list.
To be frank, we don't need more than a quarter of the so called civil servants, who should be closely supervised.

I always stood up against the system. They tried to destroy me. I became a director by grace of God and they made me to Head servicom because they knew I would not compromise my principle and I would not be bringing money to the CEO.

For the public service to be productive, it should adopt the culture of the private sector.
Promotion should be based on productivity and the system of seniority should be abrogated.
So many times, I worked under morons and the only thing they know how to do is defend themselves whenever there are issues. Go to their tribalised directors and speaking hoaouosua.
Honestly, the system is annoying. Even though I was a part of it. They said I had no friends. How could they be my friends?
The only thing they scout for is money. Not interested in service at all!

This is Nigeria Civil Service at a glance. Though majority of Nigerians are aware of laxity and redundancy within the Civil Service but it takes pure and undiluted experience to be able to capture all what you wrote.

pluto09:
There are quite a large number of people in the private sector who earn less than 60k in a month and have been paying tax before, those people will altogether be exempted.
As for those who earn more than that, the way the tax is structured is that 800k will be Tax exempt, it is what they earn above the 800k that will be taxed which makes the effective tax to be low compared to what we had before.

Yes, I know and acknowledged that. Under normal circumstances nobody is supposed to be on lower pay again as the national minimum has already been raised to 70k but then we our things our way in Nigeria.

I now understand that 800k will be exempted from being taxed. That's better.

GeneralDae:
No, you are getting it wrong. If you earn minimum wage (70k monthly), you earn 840k yearly. You would only pay tax on 40k. Your first 800k is tax exempt and the remaining 40k is taxed 15%.

Ok. That's better then.

GeneralDae:
I thought the tax act actually reduced taxes for most people and you are not taxed on your first 800,000 naira (for those earning up to 3 million naira annual salary) and 25 million for SME’s? So I don’t understand the bolded.

Here is a summary of the bill:

“for many individuals and small businesses, the reforms notably reduce tax burdens.
• Low-income earners (≤ ₦800,000 annually) now pay zero personal income tax   .
• Small businesses within the thresholds are fully exempt from key taxes   .
• Essential goods are VAT-zero-rated, which reduces the cost of everyday items; plus, businesses can reclaim input VAT, improving cash flow   .
• Productive sectors and multinationals face stricter taxation, but reforms aim to distribute tax burdens more equitably    .

As a summary, a Reddit user put it succinctly:

“The entire point of the bill isn’t to increase taxes but to widen the tax net … individuals earning under 800,000k … are exempt … it also eliminates VAT on items Nigerians spend most … food and medicine.”

One thing we are not all seeing is that except for the some people employed in private / small businesses earning between 20-60k, by the design of 70k minimum wage nobody is supposed to earn less than 800k. So nobody is exempted. Minimum wage earners earn 840k per annum and by this design are to be taxed so there is no exemption for anyone except for those in the military.

Reduce or if possible for you, stop the consumption of sugary and junk stuff.

Take Banana, Watermelon, Tigernut (Aya), Coconut, Dates (Dabino) instead and also, stop thinking too much about your recent past performance. Just free your mind off worries and you will get better with time.

No Drogba, No Okocha, No Kanu. Enyeama too is missing.

ghm:
WoW!

I haven't seen mine in my stockbroking account. Could you please advise how I can get access to my CSCS account? Can the CSCS account allow all stocks with different brokers be consolidated together or do I have to have a CSCS account for each of the brokers I am in?

Two ways that I know...!


The first and easiest way is to contact CSCS directly and register for CSCS access. With this you will be able to asses your stock 2 4 7 except during maintenance. Note: it's a paid service and now cost about Five Thousand Three Hundred something per annum..With this, you can view all your accounts with different brokers IF you a SINGLE CHN for all of them. However, if their CHN's are different you either have to look for a way to merge under one or open different CSCS access login for them.

The second way is through AfriPrud's Invearn App. This one requires a payment of N1,000 monthly. I use the CSCS access already so I have not bother activate the paid version of this one though it's still on my phone too. So I can't tell you categorically how it works but I know some people will be using.

Nakedman:
Hello House, Is there any company offering CP at the moment?

Sorry I am just seeing your message, plus the attached just came out this week. What was available was Taj Sukuk.. which is a sort of bond but it ended on 28/7/25.

So you can check it out and do your due diligence. If interested you can mail any of the contact in the picture to forward you more details.

Nothing serious.

If this or something similar has not happened before, ask her why and let her know you don't like it but if it has happened in the time past depending on what you used to save her number. Let's assume it's wifey, you too can change her to Bola- Glo assuming that's her name and where she works.

Mpeace:
I watched briefly and what I noticed is that somehow it appears to be almost the same shareholders or group of shareholders that attend and speak at most General meetings.

Yes, that is very true. I have attended the AGMs of companies I have afolabi units especially those whose meeting is in Abuja. Infact those faces know all the CEOs and the CEO's knows them too. The shuffle between Lagos and any other place any AGM is holding. Most times the are paid extra money underground by the company.

Even if you attend any virtual AGM it's still same them you will see. I guess that's their own way of making extra money from the company. However, they keep blocking the chances neutral investors with genuine concerns and needs clarification.

Ivan18888888888:
What banks pays upfront , I mean for secondary market

Most banks that does TB secondary market will pay you interest upfront except you request otherwise.

Youngzedd:
I use reinvestment.

The Net Asset Value should be Inflow + Total Gain.

From my dashboard, the net asset value remains the same as it was last month before 30th.

The interest gained is showing on the transaction history, but haven't been carried over the the net asset value (principal.

It's showing on earned amount, but the last

Unlike other Asset Managers where the daily accrued interest is separated from your principal and you can clearly see the distinction, Stanbic IBTC Asset Managers does not separate them. The only thing you will notice is that your principal grows daily if you keep tab on it. Then the interest space/column below the principal is just for you to know how much has accrued/has been added to you principal so far in that month. By the end of the month, if you chose reinvestment of interest, the interest space would be wiped off and whatever is added to your principal is documented there again for next month.


However, if you chose for your interest to be paid to you, that money that grew on your principal for that quarter would be - minus from the principal and sent to your account. Yours remains the same because you chose reinvestment which means it has already been reinvest.

For others like FBN Quest and UCap there is a clear distinction between your principal and interest. If you keep tab on it you will notice that the principal never grows unless you top-up your investment or interest is renovated. It's only the interest that grows. Hope you can understand this...

Jane111:
Thank you for the response.

I asked for the certificate but they only gave me a confirmation note on their letterhead. So I got confused, I was wondering if that was a the norm or I was supposed to get an actual certificate.

Sorry, I didn't know that's what happened. That confirmation note is the certificate/proof of investment. It carries all the terms of the transaction (date of transaction, tenure, rate, charge/ commission and VAT etc)

I was thinking what you meant initially was just the transaction alert.

Jane111:
Hello, hope you all are doing good?

Please after investing in Treasury Bills via the primary market, do you get a certificate or just a bank confirmation of the purchase of the treasury bills?

Thank you in advance.

Yes, you will get a certificate. Once you confirm that your/banks bid is successful just contact them for the certificate.

Entrepreneurrr:
Yes sir for the CP.

All merchant banks I have used do not charge extra fee as commission. (I have used Coronation, FBNQUEST, United Capital, Norrenberger and Greenwich). Only Afrinvest which claimed (when I queried them) that they are stockbrokers not usually the arranger/main agent.

Entrepreneurrr:
Which other stockbroker is not charging custodial fee please?

Sorry what I wrote is for CP not for TB.

jp130:
How does one move it to trading account like Morgan capital?

You will have send them a mail instructing them to do.

jp130:
Africa Prudential bonus has been allotted, who can confirm?

Yes, I just checked now and mine has reflected.