₦airaland Forum

Wickedtruths:
That is Uzoma, not these guys.
Uzoma isn't suspected to have run down the bank, he actually ran down that bank.

Lol

DigitalMallam:
Many thanks.
This sound encouraging. Of course not Zenith.
Kindly share the rate or % charge for transfer & withdrawal.

I was charged 135$ for transferring 13k$, and 3.5$ for withdrawing 7k$. Banks have different charges for cash deposit or inflow into your domiciliary account when you want to withdraw or transfer.

DigitalMallam:
Half of my yearly income comes in then month if Jan. Like someone earlier hinted, all the alternative investment options mentioned so far on this forum ain't worth the stress. I've dumped my earnings in mmf. Capital preservation guaranteed. My major tb matures in Sept. And if by then tb still haven't pick up, I'll still move them to mmf.
Sometimes in Dec. I wanted to diversify in dollars ($) savings and investment, one of my colleague I approached to sign my form narrated a rather bizarre experience. He told me he opened a domiciliary account and deposited $500 and after two yrs, he decided to check the bal, lo and behold the money has reduced to $350 in the name of act mtc and commission. ( he quickly withdrrew the bal. to be kept at home. He signed the form though but advised me against keeping my fund in Dom acct.
Those that operate $ bond should please advice me or share their experience.

Since you did not mention the name of the bank, I am sure it is not Zenith Bank Plc. I once left over 20k$ for 2 years plus in my domiciliary account in Zenith Bank and nothing happened to it; 1 cent was not deducted. Except if they charged either my current or saving account to maintain the domiciliary account because when I printed my domiciliary statement of account, they charged my savings account. I was only charged when I transferred and withdrew.

9jatriot:
I de tell you. As a typical Nigerian who always has someone or something to blame beyond himself, my own scape goat is our educational system. Many of us were brought up to become employees in future, only certain families grown their off springs to become investors or business men in future.
Even some people who run successful businesses do not mentor their kids to follow their path, instead they train them to follow the least path of resistance to become employees so that it gets to a stage where people have money in their hands and suddenly start opening Nairaland threads on what business they can do if they have 5 million for example.

Very true.

Daily post? Nonsense!

Seunn11:
Before making a comment on a stock, please state if you hold the stock and how many shares. Thank you.

I don't think this is necessary, please.

emmanuelewumi:
That will be sales through the secondary market.

Morgan can buy N50 million worth or more and resale to you at N1100 and your effective yield will drop from 14.5% to 13%

Thank you sir.

needful:
I saw that on their site but got a different mail from morgan capital which stated that the minimum is N10000.

Yeah, I got same mail from Morgan Capital.

It's like this FGN Bond is not for small players o.

emmanuelewumi:
About 640k every 6 month

Elder, is it at 14.55% or 12.75%?

ojesymsym:
That's the one with the 14.5% rate right? I think you will be getting around 700k every 6 months.
The experts will either confirm or refute it, but my little understanding of bonds seems to believe this is the case.

70k or 700k?

needful:
But Sir, My fear with this very bond is transferring say 10m and they end up alloting only 2m. Does it usually happen with primary market bond?

Good question. I don't want to do same and get paltry allotment.

Cc: ukay2 and emmanuelewumi

emmanuelewumi:
Even if it is oversubscribed they will give priority to small Investors.


Union Bank raised N20 billion via commercial papers @5%, pension fund managers bought everything within minutes.

Serious! Pension fund managers have a lot of trillion to invest.

emmanuelewumi:
Not every month, except the FG savings bond and the rate are less than 10%

Thank you sir. I will send my form to my stockbroker. I just hope it will not be over subscribed.

emmanuelewumi:
The current FG bond will end on 24th January 2020

We have between Monday and Thursday. Pls Elder, do they issue this particular bond monthly?

PDP is gathering momentum in Anambra State. I am so happy for PDP.
PDP 1
APC 0

DigitalMallam:
You'll have to reconfirm the rate of return for the mmf o, mine with stanbic that was about 9% mid Dec. Has nosedive to a paltry 4% as at this morning. I really don't understand this 'kain' economy any longer, even in Somalia a country without a functional govt. things ain't this bad

Nawa o, 4%!

opomulero:
you are not supposed to be pissed off, what act of selfishness did u see here.

if you have any questions, you should have asked and i will answer, i think the person that askes me that question got me right so whats you wahala.

Opomulero, the guy that asked you didn't get you right. That same guy has also helped many people in Italian/Schengen visa documentation after he got his Schengen visa.
It cost you nothing to list the documents you submitted so that others can learn from you.
Pls do the needful, bro.

Who knows the current FBNQUEST MMF interest rate?

ATPx:
When I said only photocopies, I actually mean only photocopies. Although colored copies are also photocopies..

Pls do I need personal income tax clearance certificate for a tourist visa?

Lol

yomi007k:
Good day sir.

This FBN quest guys are really confusing.

Just 2 weeks ago, their staff told me I didn't need a domicillary account to run the eurobond.

On getting to the bank today, after wasting hours, he now told me I need to make the transfer from my domicillary account into their beneficiary accounts.

Please is that how you got yours?

You need a dom account to transfer your money to their offshore account.

Woke, why now?

OakPearl:
You sound impressively battle-ready for the market with the necessary dose of patience to succeed.
For a start, look out for a bit defensive dividend paying stocks with good dvd yield and invest until you are proficient enough to dare the "undarable".
All you need is to add knowledge and wise counsel and you are good to go.
Happy investing.

Thank you.

AwkaetitiBabe:
You guys should be careful please... We still scared of ebola. We don't need any new exotic disease from unknown animals...


No be Bush baby be that?

Na Potto.

Orofun1:
This is not a sloth

It is called Potto.

oneda:
This animal was caught in a construction site in my school today.

I presume this is a sloth because of how slow it is.
I didn't even know we have it in Nigeria.
It a very firm grip with the limbs and the teeth.
Treat it carefully if you come across it because it bites hard (I didn't know if it's venomous)

No, you are wrong. It is a Potto.

temi4fash:
Exactly same here....

We go dai alright last last....

Started my enrollment with Morgan capital

Yes o!
Got my login details today from Morgan Capital. I will load the account tomorrow.

emmanuelewumi:
Welcome on board.

That is the spirit, visit this thread everyday and remember to ask questions.

Start small and grow as you learn.

Thanks elder.

RabbiDoracle:
Lots of newbies coming into the market

When they taste the first loss in their capital, the speed with which they will depress this market(by selling down fast) will be alarming.

Lol. We are many here. Anyway, I have earmarked and written off certain amount of money to start trading. For this market, man no dey leave o. It is either I remain in the market smiling or wounded until I can smile again.

emmanuelewumi:
You paid a premium of N2 million, if you are a very busy person who does not have the luxury of time and you know that the time and energy spent monitoring your building project, you can miss deals or businesses that will fetch you N5 million and above. The best bet is to pay the premium and face your core area of specialisation that will fetch you more than what you are planning to save.

Very true. Even my Mrs is feeling bad for tagging him a bad friend. She will be calling him next month to get her a piece of land. Thank you, elder. You just saved an almost dead friendship.

emmanuelewumi:
What are friends for? Your friend saved you from stress and also saved your time. Paying a premium of N2million is not too much, for the sake of your friendship.
I am sure while your friend assisted you with the building of your house, the project provided a source of income to your friend and his family.

You are very right sir. To be honest with you, I have never looked at it from that angle. I paid too much attention to side talks. My friend deserves commendation.