₦airaland Forum

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.

emmanuelewumi:
Is your branch in Lagos? Are you a senior citizen?


Rules can be bent sha.


They found out that 90% of people in the banking hall are for transactions of 100k and below, it is a way of decongesting the banking hall and for people to embrace the cashless policy

Nooo my branch is in Zaria. It been up to about 15 years I have visited my branch. I have been transacting from other branches anywhere I find myself. I was using ATM on it initially when card services were introduced but after my first card expired, I decided not to use any card on the account again.


I am not a senior citizen ooo. I also get disagreement sometimes till I insist because I am aware that using ATM or not is my right and the time to waste in the bank is mine too.

emmanuelewumi:
Transfer of below 100k are not allowed in the banking halls of First Bank, you will be advised to use the phone, mobile banking app or the ATM

All these things are relative and as such depends on the situation most times. I have an account with them that I no longer use ATM card on. About 2 weeks ago I transferred only N11,000 to another from within their banking hall.

debostar:
Has anyone experienced transaction reversal from a bank in nigeria before.
I have been trying to transfer money to Morgan capital group since yesterday.Each time ,the transaction keeps saying failed transaction or reversal
Please ,what do I do

Yes several I have tried to transfer from Ecobank to Zenith and from UBA to Zenith. From EcoBank it was successful but was later reverse. While from UBA it said the transaction was unsuccessful but I was debited it however got reversed later.

I will recommend GTB, First Bank and StanbicIBTC. Zenith seem okay too but I have not operated any account with them directly so I can say anything about them.

leo1234:
They didn't do anything different. All banks have been doing the deduction silently without alerts.

Trust me no 50 kobo leaves my account without me knowing why. Yes I get charged for stamp duty when I receive deposits in other banks I use but not when I make the deposits myself.

ukay2:
Heard so....

What is happening?

Their lots of their customers just discovered how fraudulent there are. They pilfer customers account in the name of charges.

leo1234:
Access bank trending on Twitter over stamp duty charges deduction.
Imagine getting debit alert of 10k for accumulated stamp duty charges.

There bunch of thieves. Imagine charging me for deposits I made to my account by myself. That action alone is at variance with the Finance Act 2019 that they claimed authorized them.

The picture you attached is a normal ATM card charge as contained in the last revised CBN bank charges/rates. You can Google it. The banks I use sent me copies of it then but I can't search for any to attach now.

Instead of N50 + 2.5 5% VAT ATM monthly charge on all accounts as it were, the CBN revised it to N50 + 3.75 quarterly for ATM on savings accounts only.


That is not to say that you are wrong. About 2 months ago my Access Bank account was wrongly deducted of stamp duty charges (for deposits I made myself and all efforts for them to reverse it was abortive). Though I have relaxed for now but I will eventually close that account because of that.

ositadima1:
See as d prick small.

You be woman ? How matter take concern you now?

Make I no put sand for person garri sha ooo...but that land has not increased a penny since people bought it. It is in one bush on your way going to Karshi 2 from Oroso.

It was not well planned. Was sold anyhow.

vacanci:
What was the rental dates on your letter please, including the first rental date. Mine is June 16 and December 16 annually

The first rental date will be December 16, 2020 while the last will be June 16, 2027. June 16,2020 is the commencement date; that is when it starts to count.

unite4real:
They are still looking to scoop the huge money in circulation and taking advantage of low rates regime. This time around we are not hearing IPOs up and down. Na commercial papers now.

That's ok compared to the current TB rates for those that are agree with that industry. For me however, I don't invest in that industry.


I had interest in MTN but could not invest as my enquiry to my bank and broker was to no avail. The Chapel Hill Denham office where I was directed was closed that morning.

So, please keep them. Thank you

unite4real:
I have not really seen any disorganization yet apart from the change in date of the allotment date and I am thinking it was because of the presidential speech. You recall PMB reiterated the sukuk project. I guess they wanted the announcement of the allotment to come after the speech.

As for the allotment, it has been done already. It's administrative work by the financial advisers that is going on. Your days for your first coupon or rent is getting closer as it has already started counting down.

For the dematerialization of the sukuk to appear on your CSCS, it's usually 15 business days from the allotment date. Let's say from June 12 to another one month.

For you to start trading it in case you want to sell or buy, it will take like 6 months to be listed on the Nigeria stock exchange.

This has been my experience

Ok, I now have a better understanding of how it works. Thank you very much for your detailed explanation.

@unite4real from your experience, how many weeks or months does it take before you are credited your alloted number of Sukuk.
Is it usually this disorganised or this (Sukuk III) happens to be a peculiar situation because of the oversubscription?

dipoolowoo:
Nigeria Sells Treasury Bills to Investors at 1.80%
https://businesspost.ng/economy/nigeria-sells-treasury-bills-to-investors-at-1-80/

When I can conveniently leave the money in my bank account at 3.75 instead.

Sholapey:
If you don't hear from them tomorrow morning, please give them a call.

Thanks will definitely do that.

Sholapey:
Send email or call them to check your allotment because I got my allotment letter this morning.

I just sent a mail this evening when I saw that people close to me already got from FBNQUEST.

So I am expecting to hear from them tomorrow morning.

Sholapey:
Yes, in full. Broker is Morgan Capital.

This na luck ooo. I used Morgan and I haven't seen anything. Most retail investors would have paid in full latest by 02/06/20. However the statement there is somehow.

Escapev:
Deleted

There was no need for you to have deleted it na..It didn't reveal your details. It was just a proof/information to update us. I guess those that did through the hodco banks are already seeing the allocation notice. Morgan Capital is yet to send notice to their customers in that regard.

From that notice it seem not everyone has paid for the allocation given to them.

Barrytone:
any other person having difficulties accessing AFRINVEST site, are banks still selling secondary market tbills. any known rate.

I do not deal with AFRINVEST so I won't be able to answer your first question. To your other questions, yes banks still sell secondary market TB. I asked in a branch of FBN on the 29/05/20 and was told they have a bout 3 tenure but the rates were very poor. The highest tenure of about 357 they had that was pegged at about the rate of 2 point something.