₦airaland Forum

Allboiz:
Can't validate OTP to login here. It keeps showing errors.
.
.
.

Now working. I had to switch to desktop view.

It may be your network or your browser. It one hand with the OTP when I tried it.

Nakedman:
I got the information in my mail but taking patience to see if anyone is using it yet. That's a good step forward from stannic ibtc

Yes. They sent the message to all their existing customers. All existing Asset Management customer can log in with their details without creating new account.

It just came on board so you may not find users immediately. For now (as at last night) it's only 3 TB's offers that's displayed there. Then you also access your existing Mutual Funds and subscribe new ones from there.

Stanbic IBTC has just introduced a DIY platform (a website called blunest(dot)stanbicibtcassetmanagement(dot)com) where you can invest in Mutual Funds, TB, CP, local and foreign bonds when and where available. You guys should look out for it.

dammybrite:
Standard Chartered allows you to do that for secondary market TB

Yeah, it skipped my memory.

Youngzedd:
Which top commercial is good for TBill?


First Bank want me to visit the branch which I don't have the time.

I don't know any commercial bank that will allow you do TB without visiting a branch sha. Except you have a very very cordial relationship with you account/relationship manager who can take care of sending you the forms to fill and send back or you you are in diaspora.

ndept:
You are right on the bolded. I am very sure the guy would come back here and complain about the next broker he is running to. Morgan capital is a reliable broker that most people are using here. He would have sort the differences out with them patiently.

It's likely his network that messed everything up. It happens like that lots of time. That's why some people will sometimes complain that Itrade is down on their side whereas it is working.

Also, there is this anxiety that comes with trying news without prior experience especially if you don't get it right and money is involved.

If not, Morgan Capital has actually been a fair broker we wey get Cashcraft experience know. Also, the amount of efforts I put in trying to open one at Stanbic IBTC to no avail till after about 3 months.

Allboiz:
I saw this
Then it's also stated that asset risk is low

Yes, with the screenshot you posted, the risk is low.

Allboiz:
Please what's your thoughts on this Unitedcapitals stable income fund at 30.89%? Hope the risk is low.

Check the "underlying assets" of the fund. Meaning check what the money is being invested in. I have never notice it or looked for it before so I can say.

manwomanok:
Bosses in the house doesn't look at my side this time. I am newbie on Bond investment, don't want to call my broker and ague blindly the reason I brough this for an insight

the gist was I asked my broker to buy me Bond worth of 20m , got a reply that they have only 18m worth, I gave the go ahead

with what I have been learning here It look something is not right, may be an error or something.  my reason of coming to my Bosses to shed more light.

You have already bought na wetin you want argue for again again.?

It doesn't look bad, sha.

What's the rate?

emmanuelewumi:
What I have realized among real estate marketers is that they always go personal and become aggressive when informed investors start asking them probing questions

Not only real estate ooo, even Ponzi marketers and some monkey hunters in stock market. That's why anytime I see aggressive attacks on your comments, instead of the marketers to objectively defend their own position. I take very seriously interest in your position.

RonuMiscreant:
is this for stanbic Mmf?

Yes it is.

Neurotika:
Have you reached out to them to address the issue? Mine is a bit complicated, and I’m not satisfied with the explanation they gave then. I noticed my balance stagnated for several weeks in November, but then it increased significantly at the end of the month. However, it reverted back to its previous state shortly after. They stated it was a system error, yet the same thing happened again yesterday. I suspect that the system didn't apply interest during those days, which is why my balance keeps normalizing and reverting at the end of each month. But they won’t admit that. The difference is over 500k.

They did the same thing to me last year December ending to January beginning (This same period yours is happening) even when I was regularly checking my account. Infact I had a lot of back and forth with them that resulted in them sending me my entire account statement right from when I opened the account to try and convince me but they couldn't because that same thing made them alter how my statement is displayed on the app.

At the end, they'll still have their way after trying to convince or confuse you to believe nothing was wrong. Even though you clearly see that something is not right. Since then, I try to check my account daily and thank God it didn't happen this year because I already have all my evidence might have done more than just complaining to them this time. I kept downloading my statements and screenshoting my balances at intervals incase it reoccur.

I wonder why their system errors only happens to some selected accounts every December sha.

BolaAdetoro:
Goód morning.

Again, the stanbicmutualfunds top up I didn't since 27rh hasn't been credited still.

I want to stop stressing over this issue as it's beginning to frustrate me. I've sent a mail to frontdest but no responses yet.

Do you think it's a network issue or because I paid using opay; so I can avoid this mistake in future. This is the first time I'm paying with opay.

For what it's worth, please avoid using Opay to pay them. I have tried it like 3 times and it was all issues and back and forth before I could get them to credit my account. I have to mail and call their customer care severally on each occasion before they were able to do it. Their claims was that the money enter their account without narration even though I clearly wrote my account number and the receipt Opay gave clearly carried it.

Just use other commercial banks like GTB, Stanbic and co. Recently I try to use First Bank too but it will not go but only display error messages

Presco is looking for money to fund Ghana acquisition. Shebi na wetin no make them pay interim dividend... Abi na to add to that one

ernie4life:
Dangote Cement CP is out with a yield of 28.5% to 30%.

Will close by Thursday this week.

Why is it so difficult for CP investment notice to carry the exact tax & percentage to pay if taxes applies, instead of always writing "applicable taxes shall apply".

Pete002:
good morning everyone,
please who has an update on the 1-3 UCAP reconstruction, I have seen the price change but the quantity of shares held is still the same.Thanks

It has since been distributed. It's actually 2 for 1 not 1 for 3. Request for your CSCS from your broker. The actual amount will reflect there. After that, then you will ask them (Your Broker) to credit you properly

manwomanok:
Security -- 19.89% May 2033
Bid Price -- 94.94
Offer price - 98.64
Bid yield - -21.18
Offer yield -- 20.21

my good people of this house, kindly help me with your wealth of experience to calculate roughly interest to pay base on this FGN Bond information above. what is clean price plus accrued interest.

Note: amount plan to invest is N20m

Thank you

It's roughly about 2M - N2.1M every 6 months (roughly 4M - 4.200) yearly till it matures. The main determinant actually is the settlement price which you will know only after you have subscribed.

Clean price is the bonds' actual price without an accrued interest while the dirty price is the price of the bond with accrued interest. If you subscribe immediately after they just paid interest, you are likely buying at a clean price but if you subscribe after a while after or close to when they are about to pay interest, the interest will be calculated into your investment because you are going to collect that interest for that half year even though you haven't held the investment from when it started accruing. So that's the dirty price.

Babtunz:
Hello all,

Please how do you normally fund your Stanbic MMF?

I found this (see attached image) on their website, but it looks weird to me that the receiving bank is UBA.

I transfer to that same account when funding. I alo ensure that I write my account number on the narration,remark or reason for payment column so , there's nothing weird there.

Infact that's how all much funds collection accounts are.

Flourmill done settle people ooo.

jideflash:
Those guys are for-hire shareholders, coming for free food, and goody bag.

Very correct. The first AGM I attended offline was that of UBA and Transcorp this year because I was in the City where it was done then. Since then, I have watched several AGM online. In all of those AGM's, I can count at least 10 people in this Oando that were also present. Infact, it was shocking to me that After the UBA and Transcorp AGM in Abuja, the next day was another AGM I think Dangote or so and all of them were still present there.

All they do is hail and sing praises of Board members except any of the board members or CEO's (in case of a group that houses more companies) that does not do give away to them. They also try to distort any shareholder that may want to ask any reasonable/critical questions.

supereagle:
What happened to my stocks there?

It's not gone. Just open an account with another active broker and request for share from cash craft to that new broker/account through the broker. It will be done at a fee. Not much sha.

Hope say you get evidence of the shares like CSCS statement show for it. If not, you can either contact CSCS to help you with that for a fee or ask you new broker to do a global search for it.

olig:
On FBNQUEST App

Please who else is having problems with FBNQUEST? For a couple of weeks now, I have unable to login to the App. It kept saying a technical error has occurred, try again later.

How do I resolve this?

Mine is working fine.


It could be your network. Be sure Ur data network is stable and reliable. If it persists, check your Google play store or Apple App store to see it there is a new update you have not done.

bharkarh:
mr emma already explained

Ok.

emmasoft:
The interest reinvested monthly does not form part of your capital that earns,it's after the end of the quarter, the reinvested capital becomes part of your capital that earns interest. Same way those who opt for interest to be paid get paid at the end of the quarter.

Check again, if you notice the balance before the monthly reinvestment, it will be the same as the balance shortly after the reinvestment. The balance starts to increase again when the accrued interest starts to accrue at the beginning of the month.

But the reinvestment at the end of the quarter becomes higher immediately. This is what will happen by the 31st of December.

Ok. It's just different with other MMF accounts. FBN only add interest by the end of the quarter. Same with UCAP. Since you are one of their salesmen, you should know better about them.

Neurotika:
I think those saying quarterly uses Stanbic too. That an interest is added to your balance doesn’t necessarily it’s allowed to compound. I’ve been seeing same returns for months now even though my balances have been increasing. Maybe different experiences sha…

Ok, I have heard. However, I have never received same interest from Stanbic in any month since they started adding the interest it's either more or less even on the account I have never added nor withdrawn anything for a while now.

bharkarh:
it’s quarterly

Not true. I use Stanbic and at the end of every month my interest is added to my capital. The interest starts counting at the beginning of every month.

bharkarh:
is there any asset manager that allows monthly compounding of interest?

Yes, I think Stanbic IBTC compounding is monthly.

parisbookaddict:
Their process is terrible. I have been waiting for my redemption for over 72 hours. is that normal for them

It's not normal. Just contact them through WhatsApp and see. The longest redemption time I have had with them is 48hrs.

parisbookaddict:
does anyone use united capital (invest.now). i have been having issues with redemption. what are your opinions about invest.now

I use them and will say they are fair.

What I do while redeeming is that after I redeem from the app or web, I will also send them a mail about it immediately. Other times I will contact them on WhatsApp with my request details after redeeming on the app.

I don't understand the situation with my country again. Why the agents of one arms of government seem to be doing something to better the situation of the country, the agents of the other seem to be putting spanner in the wheels of the former.

I have watched the video of the Commissioner of Police of Abuja stating categorically that all the victims of one chance car robbery they encountered have testified that the vehicle they entered were tinted and as such even if there is a struggle in the vehicle other road user will hardly know.

In any case why would people just wake up and want to tint their vehicles? I know it gives vehicles some kind of cool looks and all but once it's be coming an issue especially for those whose vehicle tints are not from factory, why not let be as it is?

These politicians will just compound works for the security agencies and then turn around to blame them on it. Not fair.

Acidosis:
Right.. After several attempts, I realise I could do everything on the app within few seconds. Few minutes after I applied to terminate, a staff called to confirm my application.

I thought as much. If subscription is automated, Redemption should be automated too.

Acidosis:
Alright, boss. Thank you

I have sent at least 3 emails in the last 7 days, but no response.

Their platform seems to be automated ooo. It's like you will have to put in the market for sell yourself and the way things are right now, you could generate loss from there...