₦airaland Forum

Ojix85:
Hello sir,

I believe there is a minimum amout required to invest in FG Bonds. Can you kindly advise?

How does one proceed?

Thank you.

50M pere... Contact your bank or stock brokers on it.

vegasleo:
Contact me to discuss favourable interest rate deals.

Why earn 1% on your saving when you save with your bank, wouldn't you rather earn 10% on your investments.

Stephaine
Trust Banc Rep
08057312585

It could be a typo error it could be not, it could also be that that is not what you are called, so you won't be familiar with the spelling. You also may not be a woman. It could be that you have other plans. That no too does not carry that name..Karen Udoh is more like it.

debeey87:
How were you able to get across to Veritas, I have tried sending them several emails but no response.

I sent them a mail through enquiry@zenithregistrars.com on 24/06/2020 and got a reply on the 30/06/2020. So I will say they are slow to respond but they do respond.

DexterousOne:
I have travelled enough to know this as a fact


What we think are "highbrow areas" will pass for upper middle income neighbourhoods elsewhere


Have you been to highbrow areas of South Africa for example?

Compare it to the concrete jungles we have


It's just like every other thing associated with Nigeria

Mediocre

For starters, in Abuja just look for the small area called Katampe Extension if the issue is central sewage system and drainage. You will likely not see any electric pole as it usually is in most places because of the underground electricity wiring. Power is not 24hrs but if compared to what's obtainable in Nigeria it is fair there.

ahiboilandgas:
from healthseve to conglomerate to benz boy .....keep changing identity weldone we can spot your writing pattern from a million miles ....

Oversabi worry you here. I was about to say the same thing. Leopard never changes it spots. One line of argument forever. If people refuse to invest in agric business then that are not rich enough and all that...

DexterousOne:
Even the supposed "high brow areas" in Nigeria's look like crap compared to high brow places elsewhere

What we call highbrow area is a disgrace

You really have not travelled round high brow areas in Nigeria or you have not visited any other high brow area apart from that of Nigeria. That may be why you made that statement.

emmanuelewumi:
You can use money from other sources to pay the workers. Because you are a father Christmas.

topsquino:
Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

Forget about the religiousity it is just there without fear of God. Most times even trying business a clergyman is even more dangerous.

As for your friend, I do not know if you considered the capital invested and returns he gets. Also if you consider his contemporaries in the industry to see how low his salary payment is.

Yes, while it is very good on the part of the employer to be considerate in rewarding his employees, the employees also need to have integrity of their own by rejecting the to work for the employer if the salary is not up to their expectations. Not have theft on their mind as a backup plan.

Mind you, no matter the amount a staff is paid or highly placed he is it does not stop him/her from manifesting his lack of integrity and greed if it is inherent. If not why will the manager of a bank branch, the overall boss that branch connive with armed robbers to rob his branch.? Because that is the most intelligent way he feels he can reap the bank and its shareholders off without being caught.

keeper303:
Use cctv to record what happens when you are not on ground to monitor the farm.

Except they do not discover the CCTV is their. If not they will either switch off the power source when committing or look for a way to destroy it completely.

Benzboys:
There is no way to safeguard money without increasing running cost.
If carrying cash to a bank is a problem to you,bring POS and start offering cashback services to clients who need it.
It would reduce the volume of cash taken to the bank at the close of business,mitigating flight risk of workers.
Who want carry small money runaway?
As for accounting for your items in retail shops,I'm sure you know those barcodes you see at the back of items are not for formality.
It records all units sold for pricing and accounting purposes automatically.
So you can just use that data to balance your books using basic arithmetic methods.
Now you would say what if the cashier is stealing manually?Like selling stuff without passing it through the machine or outrightly stealing stuff physically right?
You can fix weekend early mornings when customer traffic is slow for manual checks and balances too,so that you compare what you have in stock,what you've sold(both cash and credit) and cash recovered and compare to see if it balances na.
If it doesn't,whoever manages the premises have questions to answer na,is it not so again?

This man is leaving in a different Nigeria in his head ooo... He did not read/hear about the news of ShopRite staff in a Nigerian branch that was smuggling her personal POS Machine to the mall for customer to use for payment of purchases made some 2-3 years ago.

The worst part is that even as this thread is, many people bring and sugar coat business ideas in order the mindset of scamming prospective investors. We all dey for God sha.

ozymes:
How about capital preservation?

Capital is preserved.

ozymes:
Called the Nigerian Eurobond Fund?

Yes.

ozymes:
Which institution did you use for the dollar fund please?

United Capital/ investnow.ng

TotoNaRubber:
Bro which of the Banks own the dollar fund that earned you this interest. What is the current rate for the dollar fund, it seems someone can invest in it with less than $10k.

Is there any capital risk with the dollar fund?
Thanks

GonFreecss1:
Wanted to even ask, what mutual fund is this?

United Capital../ investnow.ng

Yes you can invest in it below N10$k, I have forgotten their minimum but it should be around $2500.

BOOOMNAIJA:
Only legends can understand....

Indomie generation will think garri was once blue...

Omo...

@ ozymes we can discuss here.

seyisanya:
Please, which of the Dollar Funds? Thanks.

Zumabeezle:
Please can you share the dollar fund you invested in?

United Capital/ investnow.ng

[quote author=X21 post=91588366][/quote]Wow, of its so then I made for not beefing the Dollar Fund ooo.

Desanta:
Between your Dollar fund and the Bond fund which do you think is better in terms of interest accrued.

I don't know how I will calculate or explain it to you but then let me start this way. For the bond fund I started it as monthly contribution of 90k from end of January 2020 (1st week of February to be precise.) I just paid the 6th one for June last week. What is extra after the sum of my 6 months contribution of 90k is N13,000.

For the Dollar Fund, it is a meager amount of $3,000 that I put there since 1st week of March 2020. The extra on it right now is $69.

Above is why I can't expressly tell you which one has accrued more. My aim was to build that Dollar Fund gradually too but I can't afford at the rate it is being sold now.

emmasoft:
If your risk tolerance is low stay away from anything balance or equity funds otherwise you can try it. Balance or equity funds are heavily dependent on the state of the NSE.
N.B: it's not a discredit to FBN it's general to such funds irrespective of the fund managers. I'm with Investment One.

I was about telling him the same thing. I tested balanced fund with investnow for just like 3 weeks and before I could understand it my capital capital of 50k was already reduced to 47k. I could not tolerate it so I ended it. However the Bond Fund, Dollar Fund and Money Market Fund I am testing has been okay.

tukopy:
Market forces, happens to all businesses.

But we did well to inform everyone of the new development and we kept to that.

Nothing like market forces in that one. They just changed their mind from giving shareholders enough from their earnings...

Not to discredit them anyway, but please stop adding that cliché of keeping to words. Some of us know it doesn't go with fidelity bank.

arduino:
https://www.investopedia.com/terms/b/bullion.asp

Thank bro, I appreciate. Will go through it and ask more questions where needed.

ukay2:
Loooooool

Make you know remind me what Fidelity did to us...shareholders in FY 2018...it was a disaster.

That we keep our words should be removed.

I thank God they pay us what they stated this FY2019.....

Na so ooo..

LandMann:
Thanks a lot bro. Please quick clarification, what I want to do is transfer naira to my naira account then use the atm of the naira account to pay for the item... Hope I don't need to go open a dorm account with USD denominated atm card before I can pay for the item or spend up to this limit?

Your question has already been answered. You asked about using ATM card to do USD transaction and he gave you the rates not dorm account.

tukopy:
I'll be glad to have you on-board.

We are Fidelity, we keep our word.

Like releasing annual report with a promise to pay 0.22 kobo dividend today and releasing another tomorrow indicating 0.11 and eventually paying that. "You are Fidelity, you keep your word"

RabbiDoracle:
Careful with that yellow metal o.

There is something it is doing that I'm watching closely. I see it falling below 1K after going above 1,900+

What will cause gold to crash that low is what I don't know.

Where and how is this gold traded? I for no mind learn am ooo. If una go gree teach me.

True, happened to me while trying to use a GT ATM last month.

SmartProf:
How can you apologise for a just action by Keyamo. It only shows u lack principles and will compromise serving society in a just way in order to protect your future political interest. Remember life begins where fear ends...I prefer dangerous freedom than peaceful slavery.

This is governance not war. The junior minister has done the damage and exposed them to Nigerians. Inorder to allow them(Ministry of Labour & FG/Executive) to achieve their desired aim now, the senior minister has to salvage the situation/do the damage control by massaging their battered ego to be able to fudge ahead of not they (Legislators) may spoil the plan.

The already said whatever has been done is null and void. If the Executive goes ahead without looking for a common ground. They may refuse refuse to approve money for that purpose. Without money it cannot be achieved.

Bjrokenhear003:
Please guys i want to be sure I’m I transferring my shares to my stock broker when I want to collect dividend because there is a document Here that states I’m transferring to the transferee to hold, so I want to be sure

No you are not. It is part of the requirements of processing e-dividend mandate through your broker.

Different kinds of individual both genuine business poeple and scammers now see this thread as either a bank to loan from or gathering for people with money to be scammed.

They used to be someone called angelstartup in business and investment section nairaland. She also has a website bearing same name. What she does is to hook owners of investment ideas or business with potential investors. That's where some of these things should go.

Not to target people on tb thread to hoodwink them with investment ideas that may not be viable or ideas borne with the intent of defrauding people.

NL1960:
I guess the SGIF is "Stanbic IBTC Guaranteed Investment Fund". There is still a difference because it does not have a guaranteed rate unlike VGIF that has a guaranteed rate of SDF.

All na the same. To know what it entails, try them or look for who has done both to explain to you. Though for StanbicIBTC GIF what is written there is that your capital is guaranteed.

NL1960:
I was trying to benchmark it with Stanbic MMF that does 100% fixed income. I noticed that Stanbic MMF does not have a guaranteed rate like VGIF.

Benchmarking with any class of Stanbic IBTC Asset Management product should be with with its peer SGIF not MMF. SGIF is the equivalent in StanbicIBTC not MMF.