₦airaland Forum

Does being mint increase or reduce the value of Naira?

cool007:
Please which of the stockbroking firms in your opinion would you consider to be the best in terms of fees(moderate), ease of trading (by oneself) and general customer service.
Tnxs.

That should be Morgan Capital. In the 3 combination you require in a stockbroking firm only customer service used to lag but opinions here lately suggests that they are now waking up.

ositadima1:
I think they charge about 4k(not sure b/w 4k and 5k) per anum to maintain the online platform

Has it changed from N2,500?

FGN Savings Bond for may 2021.

afroxyz:
Testimony without pratical are mere theories. The world is full of people with testimony without practical backing.

Oga if you want practical na to pack your bags go meet am for him house to dey put you through or book appointment to go dey meet am because no matter what he explains here or however he tries to explain it, it will remain a theoretical testimony for people like you wey don tastemoney...

The truth is that he may not be who he claims he is. You will only know this if the case starts as he may deny ever telling you that. Even though he is, it does not give him any right to scam you.

Have you ever gone to his stand to see the possibility of him having what you actually wanted? If no, you can try that first..

Nothing much to analyse there really. One man's comfort is another man's lack. DSTV premium subscription for a month is about N18,400.. Some people subscribe it and still add extra money for other package such as hdd/extra views for their other room and even French or Asian and on/ touch extra packages which could amount to about N24,600 while others use GoTV & startime then subscribe minimum (GoTV) and some do not even have any cable TV at all yet they are comfortable with the situation.


Some people go to Buka in Transcorp Hilton, Dunes, javenik, etc just to take breakfast, lunch or dinner as it pleases them while others are ok with mama Chidinma N300 per plate or small roasted yam. All of them see it as comfortable accorfing to their pocket.

Some people can make do with Aboki bread of N100 and be ok while others are not even ok with normal family loaf but instead will go for fruit bread.

To still burst out bubble as desirable as private schools seem these days, government schools are still filled up. Infact lots of them still requires good grades and strong connections to be admitted.

People leave in an environment where they have their own duplexes house about 16 ACs or more washing machines, Electric Cookers and other heavy appliances in their house with at least 30KVA gen and above.. you can imagine the Electricity bills and diesel bills. Some may only afford a 1,2 or 3 bedroom.

People build it 1,000 sqm in maitama, asokoro, Wuse 2 ,Katampe Extension, wuye , guzape etc... While others will enter mpape, Orozo etc to build on 200sqm.



Bills most times comes to you as the society and people around you sees you.

Also, do not underestimate the power of contribution for those that believe in it. In civil/public service a lot of people with meagre salary and without means of looting/stealing still achieve things with it.

Many people did not just get married and start having children before work or immediately they get employed. Some would have designed a pattern to save and invest with their salary no matter how meagre and getting a head way before marriage.

So, that the loud majority can not cut their coat according to their cloth does not mean people are not achieving more with little...

Evagreenfields:
Good morning,

Please does anyone know the best and most effective way that I can fund my Stanbic dollar mutual funds, given the current restriction on dollar payment in Nigeria. I can't buy cash because the holding account does not accept cash.

Thanks in advance.

I think what you can do is to look for a Bureau de Change that has a dorm account and can help you transfer the amount of dollar you wish to buy. It might come with added charge if possible...

lilije:
I have been dating this guy for close to three months now. At first, we would talk and chat late at night but all of a sudden, he told me about his younger brother who just came back from school. Since then, he doesn't take or return my calls when he's home. He visits my place often but wouldn't want me to visit his. I have complained about his attitude but he has refused to change. I'm thinking of calling it a quit. Your candid advice please.

You are either assisting his wife or main babe. For you to be sure and move on if required, a surprise visit will do. Na to go greet am for evening after him return from work.

Damolux01:
Will there be auction this week? When was the last one held please?

It is likely to be next week...It happened last week. Haven't seen the calender though.

cucumbar:
I think Stanbic is about 2.7%-2.8%. They used to have one of the best rates in the past o.

Yea, their rates was about the coolest then but now, they are just brandishing figures. I am not sure if it is upto that quoted price in reality... Plus one crooked way of calculating the inttes they developed...

emmanuelewumi:
United Capital money market is almost 5%, should get to 8% by June 2021

This is better by far. I don't just understand Stanbic IBTC at all again. What I am seeing with them is about 1%.

What is the next TB rate likely to be please. This my Stanbic IBTC MMF no dey gimme joy at all.....

Boyhood:
I meant a website, going to playstore will give me an app installed. What am asking of is a website

https://myportfolio.fbnmerchantbank.com/corp/AuthenticationController?__START_TRAN_FLAG__=Y&FORMSGROUP_ID__=AuthenticationFG&__EVENT_ID__=LOAD&FG_BUTTONS__=LOAD&ACTION.LOAD=Y&AuthenticationFG.LOGIN_FLAG=1&BANK_ID=FL1&LANGUAGE_ID=001

You can try this one and see...

Boyhood:
Good morning,
Is there like a web platform through which I can login/access my FBNQUEST without using the edge app?

Yes there is. It's called FBNEDGE. Just check playstore for.

Lazyyouth4u:
Hahaha you are very funny . But in actual fact, discussions and exchanges here help increase the revenues of investment houses

I don’t think anyone gives professional investment advice here.

emmanuelewumi:
Knowledge sharing is different from professional advise.

Very true. Discussions here only open investors eyes on how to navigate. It does not shorten what the professionals actually stand to benefits but instead direct more people to their corner...

Lazyyouth4u:
I don’t understand how this is related to the question I asked sir. I simply asked if you would come here to give free professional services if you were an estate valuer that depended on providing such services to feed your family. That required a yes or no response.

I think it is extremely selfish for anyone to feel they can come to a forum to get free professional services and save costs at the expense of professionals that depend on providing such services to feed their families. Some of those professionals actually comb these forums looking for work.

To be clear, sharing and exchanging knowledge on an online forum is very different from seeking free professional services online.

You don’t have to agree with me on this sir.

Oh now I see. I guess the investment advice given here freely will also be affecting the revenue of investment professionals too...

.

Nezzjnr:
Some even go for 55m

To be honest, nothing has a specific not even land of all things. I don't have enough knowledge of the area you guys are about but most of the prices quoted for land most times are just the handwork of Agents. If a buyer is patience, persistent and deligent enough he/she can get what other think it's impossible how they think can never be done. It all depends of the information you have and your bargaining power. The only thing is just to have a way of verifying that you are not buying it cheaper because it is not genuine.

inspiredbelieve:
Hello guys, I am new here.

Please advise - Is Stanbic Ibtc money market mutual funds a good investment? I am thinking of investing in it. Please advise.

Thanks in advance

Stanbic IBTC Money Market Fund is a good investment. Very legal and all that but interms of returns, these days it seems to be about the lowest in that industry. Even when the rate for treasury bill is increasing, their rates is still around 1. something %. Someone has about N5,800,000 there now and his daily returns is just around N160 - 200.

obaze21:
Hello. Great thread here. Anyone had experience with ARM? Especially ease of redemption and customer service. I'll appreciate any information

Sorry I have never used ARM but I have read where someone stated in this forum that their redemption and customer service is very good. Though I sent them a mail for enquiries afterwards but didn't get any reply.

https://www.nairaland.com/6495715/themapng-scam-proof-failed-country

Another lamentation thread again...All these scammers are heartless. Thank God he is now with EFCC maybe they might help investors recover their money.


I was reading somewhere last night where the MBA guy said the default in his payment was as a result of loss incurred from Forex trading. Beging for restrictions on his account to be lifted. Somebody that was giving guarantee rates ooo.

From what I heard, except one wants to go and bank the Dollar in US Bank that's when the higher denomination is better. If the traveller is to spend it there, the lower denomination is even better.

Nigerian BDC operators however prefer that politicians that love to stores Dollars.

jobark:
I personally didn’t have this experience when onboarding. I want to believe whatever data or information you share with the application will be safe and in accordance with data protection regulation

Sorry, I was the one that didn't see it clearly. It was asking me if it could "transfer Account to this device". Eventually I pressed yes and it became. I like have apps like that because even if I don't use it directly, I will get the secondary market direction from there. Thanks for sharing.

jobark:
For people looking at very low risk investments, Union bank recently lunched the M36 App.

You get to have a dedicated wallet with an actual account number

And you have the options of investing in Tbills, bonds, commercial papers etc...

Below are some rates as at today.

The app is telling to transfer all my contact after signing up and wanted to log in. Why should I do that when it is not as if I want to collect loan from them? When I choose the option of not transferring it refuses to open.

In march, I observed that Stanbic IBTC, GTB and Access Bank debited charged stamp duty for cash deposits I made by myself to my account. Cash deposits to own/self account has been exempted from stamp duty charge for all the CBN correspondence I have seen since 2016 and the last Finance Act 2020.

I have contacted the 3 banks. I contacted Stanbic IBTC online. They apologized and reversed it but while at it, another one happened.

I contacted GTB online they acknowledged it shouldn't happened but did nothing more so when I went to get ATM from my branch I spoke to them about it and they made a request for the reversal from their HQ then asked me to meet my account officer to follow it up.

For Access Bank...hmmmm right from the days of Diamond that my account get ridiculous charges with reversal. Even though I have never wanted to be an Access Bank customer, I thought the situation with them will be better but it went worse especially when they are about to release result in march. I couldn't not discuss with them online because I hardly get resolution there.
I went to my branch and before I could open my mouth they said that it is CBN charge and everybody is aware of it. I try to tell them it doesn't apply to self cash deposits but it fell on deaf ears.

That's why I am asking. I know I will close that account but I just want to know if the other banks are wrong or that Access Bank Stamp Duty Charge is desihned separately.

Good Morning to all the Ogas and Madams in the house. Is there any change to stamp duty charge at the beginning of this year? If yes, what is the change please?

Please house is there any change to stamp duty charge in the beginning of this year?

afroxyz:
Hazard is one of the highest paid in Real Madrid. Justify this using your analysis

Make I shook mouth small.

When Okonjo Iwala was the appointed the Minister of Finance, it was public that in her employment contract she requested to be paid in Dollar in the country that pays it ministers with Naira. Is she an entrepreneur? Was she not an employee of the president (Nigerian Government) then?

einsteine:
Luddites are masquerading as risk averse investors[b]. Most fintechs have licenses from the CBN[/b].

Nobody is opposing technological advancement. Give me 2021 electric car today and I will thank you for it.

The bolded is not completely true. Of the list of 47 CBN licenced fintect I have seen, the only names mentioned around here since the discussion about it started that are among is Flutterwave and Paga.

I did not see piggyvest or cowrise there.

Tobex4realTobex234:
This is Cowrywise. 3% per annum.

How is this higher than market rates?

Okay, how about this?

EarlyCareer:
This is correct. Although, Morgan Capital have never sent me this...or maybe I am misunderstanding the context again.

Well, your views are respected. You contribute your wealth of experience here, you are not perfect but I also learn too, but I think this is an aspect we do not need to reach any agreement.

Let people do what their risk appetites agree with.

I don't know the services of Morgan Capital Group that you use. For me, I deposit my money in my account with them and use it to buy stock by myself. The only thing they do for me is to provide a vehicle "itrade" through which I trade or invest and I pay them for it by way annual payment of N2,500 and their commission on any transaction I made. They do not invest my money for me or trade with my savings and pay me interest. So I have never bothered to look for or ask them for their result. I only expect to see any amount I left unspent in my stock broking account whenever I open it.

For Stanbic IBTC Asset Management and United Capital, I entrust them with my money to invest for me. So I requested for their report on Monthly and quarterly basis.