₦airaland Forum

genius43:
Download mod version of players or pay for players like Poweramp, Black player Ex, Retro music player, musicolet and Stellio player to name a few

Ok, Thanks.

Will try that out.

Good afternoon Xaiomites. Please I am having issues playing music continuously on any music app on my Xiaomi redmi note 12 pro +5.

Also, I can't even play one full music without adverts disturbing me.

Please any fee music app without adverts and can play smoothly on the phone?

skydiver01:
18 March 2036 FGN bond coupon payment received on time

Wow..! This is good. I just hope payments continues this way.

Rhyah:
I want to redeem from FBN Quest on the app but it's asking for PIN...I can't remember setting up any PIN at the onset.

Can this redemption be effected via email too?
Does email work for GTB as well?

They should be a provision to set up security pin if not it won't require that from you now. You can still mail them that you have forgotten your security pin and a reset will be done for you.

Yes, email sure does work for them but it takes more time than the self service online. Redemption via email could sometimes take between 3 to 5 working days.

easysunny:
Good day house. Pls what's the update on Flourmills of Nigeria Plc delisting? I learned it has been delisted from NGX daily official list.
What happens to our shares? I've some units of shares in my stock portfolio. What next?

They have paid shareholders for it. If you haven't gotten yours, Contact their registrar for it.

shonyboi:
I believe they have moved from there , they are currently staying at BOI Tower CBD

Okay, thanks @faoogoke please take note

faoogoke:
Please anyone with Abuja office address of GTL Registrar or phone numbers.

The one I came across online is not working.

Thank you

There are in Central Business District.. Same building housing Coscharis Motors, near grand square super market.

nicestlady:
Thanks for your response but I'm still confused. How much will I get at maturity? 964k at 17.1% for 364 days. Interest reinvested

I don't know how much much charges (Commission , Custodian fee and VAT) removed you should be having about 1.160M or there about. Next week just ask them to give you your proof/certificate of investment it should be ready by then. The exact amount you are to receive, the charges deducted etc and other terms and conditions of the investment will be stated there

Risingcash94:
Also pls which bank accepts less than 50m for tbills primary market. I have been managing secondary market but with the rates now I would love to go for p. Market. GTB insists on 50m. Thanks

Try Stanbic IBTC and First Bank. You can also try another branch of GTB. Sometimes, some branches especially your main branch where your account officer is cancelled frustrate you to leave your so that he or she can meet target. Just try a new branch to be sure it's a bank wide policy.

nicestlady:
Please can someone help me understand how first bank calculated my interest? Did the primary market for 964k at 17.1% rate for 364 days. I selected to reinvest the interest and found interest of 199.65 credited to me today. How come?

The transaction is done in multiple of N1,000 so any remaining balance on it that is not upto that N1,000 is refunded to your account.

Your money is of 964k is multiple of 1k.

Amycanada:
Guys, please how long does a top up take to reflect?
I made the transfer via my stanbic mobile app at 11:26am today.

It's before 12:00 PM so it should be credited today if all is well. So, you should wait till later in the night or tomorrow morning to check it.

digitalinvestor:
Good day nairalander.

Has anyone subscribed to HillCrest Agro-Allied industries Ltd Commercial Paper in the past? What was your experience with them?

Going through their financial statement, the Company appears to be highly geared, also the cost of Sales seems elevated 86% of revenue.

They're offering 30% yield for 270 days tenor.

I have not subscribed to this particular CP before so I may not have much on it.

However, what I do most time if I am interested in any CP is to first check if the company is existing, if their product or services is available and in demand, if their business is generating income, check why the money is needed ..etc.

I try to look at the supporting document sent with the notice, other public information available about them on the internet and all, and once in a while call the agents of the Arranger for their insights. I read through their ratings too.

If you are looking at yield as too small, it's not. 30% yield on 270 is about the best and highest yield you will get this time around because rates are coming down. The last TB 365 days rate is just above 17% this 30% is about 24. Something %.

If you are looking at it as too big, it's not. Depending on it's ratings it carries its own risks, Also, if compared to other means of borrowing available to the issuer, its the easiest and cheapest means of borrowing to they have. They chose this because it's better for them. Also, their contemporaries are offering the same rates and it's within the threshold of current MPR.

Amycanada:
Guys, is the BluNest and this our Mutual funds the same?

Secondly, does stanbic mutual funds have the dollar investment, if it does, how much is the least someone can invest?

Thank you

The mutual funds on Blunest is the same Stanbic IBTC Asset management mutual fund reflecting on their app and web portal. They only added other investments options like TB and CP to make it robust.

Yes they do have dollar fund.

Amycanada:
Guys, is the BluNest and this our Mutual funds the same?

Secondly, does stanbic mutual funds have the dollar investment, if it does, how much is the least someone can invest?

Thank you

The mutual funds on Blunest is the same Stanbic IBTC Asset management mutual fund reflecting on their app and web portal. They only added other investments options like TB and CP to make it robust.

Yes, Stanbic IBTC Asset Management has dollar Fund

Streetinvestor2:
It looks Morgan bid and offer table head don dey touch. Offer price showing lesser price than bid side

Yes, I just noticed it too but it doesn't seem to be general. It's seems it's only Wapco. If so, then it could be deliberate.

milliondollarma:
Guys please who is a better option here to invest with?

1. Afrinvest
2. Coronation Merchant Bank Limited
3. United capital group
4. Greenwich Bank Group

I will choose in this order.


1. Coronation Merchant Bank

2. Greenwich Merchants

3. United Capital Investment Bank.


Except I don't have any options at all, that's when I will later consider Afrinvest.

Nice2023:
How many investment app do u use...have u tried ARM.
First ally.
Coronation
Afri-invest.

I would not speak for them but what I can say is that,Stanbic does not compare with their efficiencies,especially the first two I mentioned. Their rate is great and their customer care is one of the best in the industry.
U dont need to call them for redemption because that one is very swift.

They are low key and great.

Nooo, bros.

I use

FBNQUEST

Invest by United Capital and

Stanbic IBTC.


Which are all top notch. Yet Stanbic IBTC still stand tall among them. When your Stanbic IBTC app is well set, you can do everything seamlessly without human interactions. I only have issues with them when I had to contact humans and that's because of the newbie/rookies they have as CSR these days.

Then I later discovered that paying through Opay was an issue to them too because it will always not be credited till after series of back and forth.

Saybal:
is the interest pay upfront

Yes, normally you will only be asked to pay the discount rate when set.

SKYMARK CP.

Allboiz:
what about 10% tax and 0.5 service charge

Yes you can deduct WHT 10% from the returns. Except if it exempted. No service charge from you. It's like primary auction bond the issuer takes care of that except you use afrinvestor's stock broker who will want do both sides and when you query them, they'll want tell their neither the Arranger or Joint Arrangers.

That they are just stock brokers so they need to get their own commission.

digitalinvestor:
Which CP is that? you don't mind me asking.

Please what is the essence of having FMDQ deposit details to subscribe to CP? and how do I go about opening one? are there fees associated to opening FMDQ account?

Is FMDQ deposit account any different from CSCS.

I was asked to send in my FMDQ depository details after a successful subscription to a CP.

The CP is Afex Fair Trade Limited (AFTL)

Yes FMDQ is a separate depository. Please see the details of FMDQ.

RE: ENQUIRY ON FMDQ INDIVIDUAL ACCOUNT OPENING

FMDQ Depository, registered by the Securities and Exchange Commission (SEC), offers a secure depository for financial market assets, and facilitates the settlement of capital market transactions. As part of the FMDQ Group, which prioritises innovation, FMDQ Depository integrates seamlessly with FMDQ Exchange and FMDQ Clear to ensure efficient market operations for all securities held on the FMDQ platform.

Our Central Securities Depository (CSD); Q-ex Depository System, delivers high system performance, advanced operational functionalities, robust risk management, and an enhanced user experience for Capital Market Operators (CMOs), Institutional Investors, and Individual Investors like yourself.

Additionally, FMDQ Depository provides you with access to an Investor Portal; Q-extra, which features:

Customisable and on-demand statement and report generation
Securities portfolio view
Consolidated account view
Secure and 24/7 access
Corporate action records
Asset valuation


To complete the onboarding process, the following are required:

Completed Eligibility Form (attached)
Duly completed Signature Mandate Form(s) (contained in the Eligibility Form)
Means of Identification (International Passport bio data page or Driver’s License
National Identification Number Slip
Evidence of Payment for the ‘Annual Eligibility Fee’ (₦26,875.00, inclusive of VAT)
Recommendation Letter from a Capital Market Operator (Attached)
Executed Data Consent Form (Attached)


The annual Eligibility list is N25,000 + VAT of N1,875 = N26,875

Youngzedd:
Is there a website to see all the upcoming and ongoing commercial papers?

They don't just send notices to uninterested people. Most times it's sent to you on request and after that it will become frequent.

If interested, you can contact these merchant /investment banks: Coronation MB, FBNQUEST Capital, FSDH, Codros, UCap, Greenwich MB, Norrenbeger, FCMB Capital, Stanbic IBTC Capitals, Meristem, Afrinvest Capital, Quantum Zenith, Futureview, Rand Merchant Bank (RMB), Vetiva, Tiddo Securities Limited, Cardinal Stones Partners, Marble Advisory, Investment One e.t.c

Some stock broking arms of these firms or others not listed here can also help you contact them.

efismikoko:
They have just paid please check

Yes, was about to post same. I just got it now.

Thanks.

unite4real:
there is no evidence anywhere so far about this information. Access bank is not going to raise a commercial paper and the information is held discreet.

I do not personally believe this at this time as it is only at a rumour stage

Since seeing is believing. Check this.


It's already in public domain. That screenshot is from my email from the agents notifying me.

efismikoko:
Oga freeman please any update on this payment I haven’t gotten mine too 🙏

Not yet ooo. I am mailing them this morning.

Na why all these investments managed by government people don begin fear me since late last year ooo. Coupon and matured bills are no longer paid as and when due. The CP that defaulted that day, I was immediately notified of the default by the Arranger and I was given a timeline of payment. Before it even get to the day they promised to pay, they already paid. The only issue I have with them is that there were 2 CP opening that I would have reinvested and the 2 closed before I got the money but then you get more communication and accountability.

Odunharry:
Tomorrow is the Treasury bills primary market auction.

Ok.

Please is there any subscription of FGN Savings Bond maturity May 2027? Quarterly Coupon payment has been due since Saturday 15, Feb 2025. Yet, nothing.

Hope it's not only me abi I have to contact CSCS on this again.

Stanbic IBTC KYC strick ooo. People wey follow come house come snap the building because of just savings account that year...! This Na after I submit Electricity bill wey carry that same address ooo. Na the statement of that account I use open the Mutual Funds account sha.

Yes you can. It never too late. People pursue 1st, 2nd or 3rd degrees even at 50. So you are still very okay to do it.

SonofElElyonRet:
How is one able to identify asset backed CPs and what are the benefits?

Most of the ones I have done before this are unsecured. Some of them even paid a day before.


The key difference between asset-backed commercial paper (ABCP) and unsecured commercial paper is that ABCP is backed by specific assets like receivables, meaning the issuer has pledged collateral to secure the debt, while unsecured commercial paper relies solely on the creditworthiness of the issuer without any specific asset backing, making it considered riskier.

Key points about each type:

Asset-backed commercial paper (ABCP):

Secured by designated assets like loans, credit card receivables, or other financial instruments.

Considered less risky due to the underlying collateral.

Often used by financial institutions to fund asset-based lending activities.

May involve a special purpose vehicle (SPV) to hold the assets and issue the commercial paper.

Unsecured commercial paper:

Not backed by any specific assets, relying solely on the issuer's credit rating.

Considered riskier than ABCP due to lack of collateral.

Commonly used by large corporations to finance short-term operational needs like payroll or inventory.


Credit to: AI

ernie4life:
I knew the risk of default is high considering the high rates and numerous CP issuance.

Be vigilant

Yep, the funniest thing is that. It the only asset backed CP I have done so far.

It's actually just MPR that drove up the rates like TB and co but with what I see rates are about to start slowing down.

jayce232:
Hope fbn mmf mutual fund also payout interest quarterly?

Yes. You can chose to receive it in your account every quarter or tell them to reinvest it if you want to compound it.

SonofElElyonRet:
Kindly indulge me once more... Did the stock split contribute to the profit of conhall or it's just purely dividend? Trying to figure out if same huge profit from aradel can be regularly replicated year to year

I think the stock split can only contribute to the profit if it was sold on NGX after the split/listing. If not, it will just only increase the asset value of Conhall.

I no check anything about am oo, just a layman reasoning. Na the Oga wey get the question go get better answer.