₦airaland Forum

Acidosis:
Good afternoon everyone, please has anyone successfully liquidated Tbills with standard chartered bank via email or app?



freeman67 🙏

Nooo. I haven't. So far, I have held any one I do with them till maturity.

SonofElElyonRet:
Who has news about the newly introduced MTN commercial paper?
Modified: closed

It closed yesterday 28/11/24. Today, is the funding date.

@sunrisepebble

I was thinking HNI are just any individual clients buoyant enough to subscribe/invest in it. Are they clients called "registered HNI" separately?

Make I learn ooo.

Lexzokomo:
Hi guys good day, trust you are all good? Please just something that is bothering me, I am 30 yrs old but I have not gone to any tertiary institution but I have the desire to enroll as soon as forms are out.

But the issue now is I don't know wether I can serve after I graduate since I will be more than 30 upon graduation, I read somewhere that I will be likely be issued an exemption certificate.

My question now's is if I was given an exemption certificate I want to know how strong the exemption certificate is when compared to the discharge certificate, in the job market how do they look the exemption certificate?

Thank you

Nothing much. Just the service experience, contacts you may have made (which may or may not even be significant later in life) and the age difference.

So just go your school. Any job that you age group is qualified for will accept the exemption same way they will accept the discharge.

Love800:
Where is it sold and how is it preserve after opening?

They are both sold in the market.

Sniper comes in an airtight plastic bottles of different sizes. Depending on the size of your house and how many toilets you have in it. The remainder of this should tightly closed and kept out of reach for children please. You should see the instructions on the body before use.

The green leaf comes in sachets. There is no preserving opened sachet of this. Depending on the size of your kitchen and hidden spaces therein, you may up to 3 or 4 sachets.

First of all, buy sniper mix it with water and flush all the toilets in your house with it.

Then buy Original 'green leaf powder' and pour it in all the corners of your kitchen, under the kitchen sink etc. do this once in a week and you will see great result.

Amycanada:
Good morning all, please when is the right time to request for the accrued interest and what's the process of requesting for it?
Thank you.

It actually depends on the Assets Management you are using, what you want and how you want it.

Most assets managers payout interests at the end of every quarter (End of March, June, September and December). Some customers/clients or investors would want their own interest reinvested while others want theirs paid to their accounts. If you want your interest paid to your bank account instead of reinvesting you can contact them for that.

Also, you can allow the to reinvest then you just redeem the accrued interest anytime you want.

Mixology:
Good morning all.
I just have an observation and I need assistance please.
Is it just me or is that FBN Quest customer care is very poor? Since I opened an mmf account with them a few months ago, they refused to reply my email when I tried to resolve other few issues. This is a big red flag. It’s risky to keep putting money there then. FYI, I’m in diaspora.
I wrote to their customer care emails, I even tried to call the relationship manager whose number was on the acc opening email but it was not reachable.

To be frank, their customer care can be very unresponsive sometimes. In that situation all you have to do is to be persistent if you must use them or change to a more responsive Asset Management. Other times it may be that you do not have the right address to contact. Attached is a screenshot of an official email I got from them earlier. It carries their customer care email address and about 3 phone numbers you can contact.

Just check and see if it is different from what you have.

BTYL:
Hello,

Is it advisable to set the bid rate or to ask the bank ( StanbicIbtc) to bid for me?

Setting your bid rate na if you get 50M and above na or e coincided with the one wey the bank want choose if not anything less na bank rate na.

ernie4life:
Are you sure it's the last for the year?

It shouldn't be. It may be the last one on the year's calendar but another first quarter 2025 calendar is likely to carry the auction dates for this December.

Panadee:
Kindly share the link/info. Thank you.

Do you know if GSK deducted the 10% WHT when they paid of their minority shareholders?

Yes, GSK deducted 10% WHT when they paid off their minority shareholders. That's why people were sceptical of buying FM more than 62.5 earlier.

FBN Div just landed. Na first Bank account sha ooo.

KarlTom:

I have corrected it. I meant to write account.

Agbalowomeri:
When you know, you know

what I meant was actually Brokerage account. I don't know how the hotel came there ooo.. maybe it's because I was doing other things on the phone while responding.

Jeez2:
Good morning house, please I'd like to ask a question

This is on behalf of a colleague who bought the Fidelity public offer shares in June as a first timer without a brokerage account

How would the shares be transferred to his brokerage account when he finally has one

Thank you for your anticipated insightful and kind responses

When he finally has one let him talk contact them. He will be asked to send the share certificate across for dematerialization after which it will be reflected in his brokerage account.

You have already accepted and married her. The too much ranting should not be there again. If you still didn't find her attractive till now, the best you could have done is to walk away/ separate from her instead of debasing and embarrassing her Infront of everyone that way.

That said, this burial contribution thing is supposed to optional and willingly. Why try to cajole another man to cover your own responsibility instead of doing it as you can. You no too do bad for there sha na only shout wey you shout wey bad. Na you suppose tell them wetin you want do for them.

Just know that your stand and that of those baby daddies are no longer the same in that family. You na husband and in-law. Them na baby daddies and intending abi na aspiring in laws.

Finally, if I go ask, how people take dey sleep with person wey be saying if situation changes them no go manage am sef?

Ddll:
Good Morning,

Can’t find it in my Morgan Portfolio

Do I need to do a mail to them or something?

Morgan will normally not credit it on till you ask them to.

If you have a personal CSCS account check it, it should be there.

If you don't have it, contact Morgan and request for your CSCS account statement for confirmation after which you can then ask them to credit your account with the bonus.

Reelz:
Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

That is just the general situation with all investments issued by the DMO these days. They hardly pay as and when due these days.

For dwlayed payments, people you should contact for the reasons it's being delayed is the bank/investment house through which you invested and the CSCS who handles the payment.

emmanuelewumi:
Read the mail again.


Please note that United Capital bonus has NOT been effected to your CSCS profile yet

What?

I just reread it again. This is sheer absent mindedness. How did I skip the not there while reading.?

Thanks for asking me to reread it ooo before I go dey waste time the write more mails.

emmanuelewumi:
They are trying to manage the stock price of United Capital.

Majority of people will sell their bonus shares and will have a temporary downward trend on the stock price of United Capital.

I have sent two emails to the registrars concerning the bonus which they have not replied

I mailed them on Monday as regards the and they just replied me today. Below is their reply:


"Thank you for contacting Africa Prudential.

Please note that United Capital bonus has not been effected to your CSCS profile yet.

Warm regards"

Meanwhile I just checked my CSCS and nothing like that has reflected. So I am going to reply them and copy CSCS and my broker.

ernie4life:
Your points are valid.


From a risk management standpoint, I am cautious about the surge in companies issuing Commercial Papers (CPs) to raise funds, given the unsecured nature of these instruments.

This increased market activity heightens the likelihood of defaults.

Therefore, I strongly advocate for meticulous selection when investing in CPs

I agree with all you have just said. I truly appreciate.

ernie4life:
The yield when you net tax and fees is not impressive when compared to treasury bills that has little to no risk

Very true and I understand the angle you are looking at it from which is why I always ask you if the interest is going to be taxed or not.


That said, the major reason why I was attracted to CP's in the first place is that at the I got aware of it rates where better than TB's and they were exempted from taxation.

However, even now that there no longer exempted I still try to lean towards it because:

1. I have never subscribed to CP early and I was told the bank lost the bid that I should wait a fortnight to try again. Once I subscribe as advertised and it is confirmed, the contract stands. For TB severally even with first bank and Stanbic IBTC that were my most preferred.

2. So far, I have never had any experience of delayed payments more than a day. The worse delay in payment I have had is the evening of the due date. Most will come in the morning of that day. About once or twice it came a day earlier. Matured TB before now will either come on the due date, a day after and maybe if it falls on weekend or public holiday, it will paid the next business day. These days, it's payment is likened to the salary of Civil Servant; it is now payed anyhow irrespective of the due date. Same things is happening to Savings Bonds coupon payments.

3. I see it as a way of diversification too. Instead of having all funds in TB, Bonds and co, I diversify my play in money market with CP's.

4. Some banks too now deduct Taxes and crazy charges for TB too and even some investment houses. Reasons why my recent TB play was in the Secondary Market whose rates are still lower.

Looking at the CP I posted, the 180 days tenure is about 26.1% while yesterday's TB is 18.5%. It is still considerable bearing the risk in mind.

Akerewe:
There is only one arranger in this CP which is United Capital nd more over I think the guaranteed CP is Better

No, you are only seeing the United Capital there because the notice was sent to me by them and of course It's through them I will want other customers to subscribe too because na them value me.

However, there are 3 other arrangers. Infact the main/Lead arranger sef na Stanbic IBTC.

I don't understand what you mean by "the guaranteed CP.

Akerewe:
Chief, is there any guaranteed commercial paper less than 5 mili at all?

Though it's been a while you asked, you can still make use of it if interested.

A Commercial Paper for less than 5 Mill. Infact the of this is 2 mill. So if interested, you can do your due diligence and if convinced hop in.

Arrangers are United Capital (Joint), Stanbic IBTC (Lead), FSL Securities (Joint) and one other.

bastardson:
Hello Guyz, I got a mail that I now have a CSCS No, CHN and Member Code.

But Morgan Capital are yet to send me link to their app or how do I go about trading or investing

Google Morgan Capital itrade on you browser and use it there.

6ixpaq:
Did they sent it to your email

I can't exactly remember what happened again but I think it displayed and I downloaded it or so.

6ixpaq:
Please how did you get your TIN from jtb, I have applied over 3 months and still haven't gotten it

https://tin.jtb.gov.ng/

Through here?

Pentagon007:
I am currently doing all that you said. My net salary is around 300k. At the end of every month i try to save upto 200k. I must say its quite difficult but the trick is that i do the saving FIRST, then use whatever that remains for my expenses.
I intend to save a reasonable amount then i learn a trade and go into business.

Do not just save. Invest the money. At least it will grow to cover some percentage of the inflation we are encountering instead of just leaving it it in the Bank. If you worry about investment risks and access to your funds, you can just do mutual funds with Asset Management firms around (most of which are subsidiaries of the bank you know)

Akerewe:
Ok good, thanks 🙏 but how secured are these cp's?

Like all investments, it comes with risks. However, you are expected to do your due diligence before investing.

Though, so far, I haven't heard of any but there is a risk of payment default if the issuer faces liquidity issues It's a form of lending without any collateral. You the lender can only rely on the credit worthiness of the company or firm issuing the papers.

That said, CP's are assumed to be relatively safe as the only safer short term debt alternative to it is TB. Also, the arrangers ( The Merchant Bank and Co) marketing it to customers will do their own due diligence to some extent in order not to hurt their brand name. However, the most important due diligence is still your own. The company reports are most times sent with the advert, your can also make your enquiry by searching the web for the outcome of the previous issue of whatever CPs it you intend to invest in etc before making the call.

Ademike007:
@ all

I did a transfer from fidelity bank to Standbic ibtc mutual funds account on Tuesday, this is Friday and The money has not been credited.

What do you think could have been the problem. I'm tired of calling customer service and visiting the banking hall.

First of all, transfers to Stanbic IBTC MMF account is best sent in the morning (that's at least before 12: 00 PM) if you desire same day crediting.

Secondly, while sending the funds, you are expected to indicate your e-account number on the remark/reasons for payment column. If you don't, your money will be left hanging. Infact most time after indicating I will put hyphen and indicate my name too.

Thirdly, with some banks even after indicating the above on the remark column it will not reflect on their side. That's what they several when I transferred to them via Opay and they didn't credit me till I have to switch to FBN and GTB before it subsides.

Finally, they could be human error too sometimes and they will maybe mistakenly skip the payment into your account believing they already did. So with this, all you have to do is remind them about it. However, my with them is that after reminding of instead of them to effect the payment right away, they will still want to take their time.


All you have to do now is contact them. You can either call or mail them but it's easier with the call first and if need be their now tell you to mail them the evidence but if you send them a mail first, they might not reply immediately or even forget to reply you at all at your problems will not be solved.

Akerewe:
Chief, is there any guaranteed commercial paper less than 5 mili at all?

No most they are usually from 5 Mil. It's only Afrinvest where and when involved that once in a while repackage some for like 1M for their clients.

RayRay06677:
Bros, who is handling this investment, is afrinvest involved

I got the notifications from GMB, Coronation MB, UCAP and FBNQUEST. Each for any one they are involved. Afrinvest did not send me any notice for any of them, so I am not sure they are involved except if later sublet to them.

Available commercial papers for interest persons.