emmasoft:


Exactly, apart from better rate a no WHT on dividend is one of the advantages of mmf over fixed deposit and some other investment windows.

Please is WHT deducted on FI mutual funds because FBN FI is above 11%.

Thanks

Current price aka bedsheet master , pa emma aka elder in the game, OGG aka analyst , Mercy aka the update, rabbidoracle aka the futurist (Alvin toffler), wanaj0 aka all in all, and others not mentioned.Sages in NSE.

I appreciate all you do on this forum. Thank you sirs.

emmasoft:


There is nothing to worry about it's a system configuration of must trading platform.

This is how it works: Anytime shares enter your account on the trading platform apart from any purchase made by you, it goes in at the current market price so what you see is like you bought MTN at say 194 or there about even though the offer was 169 which is not on the trading machine presently. The real value of your MTN is what you see on your cscs statement. Same thing happens if you move your stocks from one house to the other, If you want those stocks to appear on your trading platform instead of just on your cscs, the stock prices will be calculated with the price at the date of the movement even though you didn't fund your account you will see a .

Thank you for the detailed explanation. Offcourse yes, the ave cost does not determine the mkt value of the shares. I just like seeing the actual %gain/loss at a glance in the portfolio summary report of MC. Thanks once again.

Hello my people,

I just noticed that my MTN public offer has been updated in my MC trading account. The total number of shares is correct, but the Ave cost is wrong. Should I need to escalate. I was expecting an average cost of 168.5, as my previous Ave cost was 168 before the PO units, but to my surprise the current Ave cost is now 180.1.

Please advise. Thank you

You can do Technical analysis, Fundamental analysis, you can seek Alpha and find Beta. You can calculate the Sharpe ratio, apply the Black-Scholes model, and read Bloomberg and some lad will buy and HODL Shiba Inu coins and tweet “WAGMI” with those rocket emojis and outperform your portfolio by a country mile �

This got me cracking

emmanuelewumi:




Yes, fixed income fund managers know the trick by converting part of the bonds to cash at the right time.

Some investors sold at 70% and more profit last year and packed the funds into equities during the lockdown of 2020, they are now on decent profits

Thank you Oga Emma. So it is possible for fixed income fund to outperform Sukuk and FGN bonds?

The SCB secondary market yields are too low relatively.

emmanuelewumi:



I got to know about it very late, about 4 years ago.

Just monitor inflation, interest rate and stock market perform

Thanks for the information. I guess the capital appreciation also applies to fixed income funds.

emmasoft:


Please note when shares are bought through public offer, allotment is not done immediately. There is always a schedule of activities from the period of the offer till allotment.

Allotment of shares is done by the registrars in collaboration with the issuing house and cscs.
Whether you bought through a broker or the bank it's the same procedure.

The information on allotment will be published on the NGX when it's done.
Just be patient.

Thank you

Please for those who bought the recent MTN public offer, when are they receiving their shares.

A friend of mine bought through a stockbroker using his trading account, but he's yet to get the shares. His stockbroker said MTN is yet to release those shares.

Your explanation will be much appreciated.

Thank you

unite4real:


I opened with Morgan Capital and the minimum to start trading was N5,050.00

After that, you can even test the waters by buying shares worth 50 Naira or even less, like 2 units of zenith bank and 2 units of First bank shares

Your account will actually be funded with N5k and can be completely used for trading. The N50 is for stamp duty.

emmasoft:


The interest is earned daily by simply interest and it's compounded when u decide to reinvest your interest at d end of every six month.
So if you picked reinvest option, the accrued interest from the day you join till June 30th would have be reinvested July 1st so the capital plus that interest becomes the new principal and it goes on and on (compounding)

You can see daily accrued interest when you check the fund statement after you login. The principal is clearly separated from the interest and the interest changes daily while the principal only changes when you top up or your interest is reinvested.

Thanks for the detailed explanation. Whenever I log in, I only see the total accrued interest as at today. I don’t get to see the previous accrued daily interest like a schedule. I hope you get my question.

Oga Emma, please is the VGIF fund daily return calculated using simple or compound interest?

Secondly, how can someone check the daily accrued interest of previous days. It seems the online platform only shows the total sum of the accrued interest.

Thank you

Congrats to you guys. I would rather advise you guys to chill with respect to house hunting because after being allocated to different units, it is a different distance entirely.

Peeps in cips are advised to rent apartment on the mainland most especially close to ikeja and its envrions

Peeps in fsip shld be on the island or closer to it because most of their clients have HO on the Island.

RAS guys can be anywhere because their cclients are virtually everywhere. Lol

Tax n advisory office is at oniru. I will strongly advised you should be at the island or closer to it. Mainland places closer to the island are iponri,alaka,closer areas along the ikorodu road e.t.c

Anyway this is not a hard and fast rule,but strongky advise you to wait after posting before renting an apartment.


See you all soon!

Hello every1

The wait is almost over. It isn't easy!

PosCaricature :
Are you sure you are a graduate?

You must be so silly and irritating.

bayedero: I am not trying to be Mr Too-know , none of you can solve these questions. I double dare you guys.
Thees are it:
find the value for X in:
1. 3^x + 4^x = 5^x

2. Prove that aⁿ = bⁿ + cⁿ has no nonzero integer solutions for n>2.

Rule: do not consult a professional mathematician, like a leaturer, only consult you best math textbooks

That is fermat last theorem. It took andrew wiles about 7 years or so to solve that up to intergers not greater than or equal to 3.

35 were posted to assurance(fsip,csip,energy), 16 to advisory while 10 to tax.

Salary has been paid. 142 as expected.

Lectures on core dept kicked off 2dy.

See ya!

Check out the attached file on my conversation with one of the aug peeps.

I heard the aug peeps have been allocated to various units.

sanity27:
Kolade,NHF is stil part of tax relief,having gone tru d PITA amendments 2011,gazetted Jan 2012.

The 7.5% of B+H+T accounts 4 d employee's 7.5% contribution to pension funds as contained in ur offer letter(terms of employment;pension scheme).Check d ofa leta 4 clarificatn,u wil find out dat under other benefit provided by employer,value 4 pension plan(101,754) is d same as wat I got 4 pension,which is kpmg's contributn as earlier stated in d letter.

As regards d new graduated tax band,tank u 4 ur correction.It was an oversight on my part.Applying d new band of 7%,11%,15%,19% & 24% to our compensation,d take home becomes #138,953.Very slight difference,u would agree.

Worthy of note,howeva is d fact dat dis calculatn might nt b 100% perfect,we can only wait to start collecting d accurate amount.Dis is just to give us a clue of d expected!
Thanks 4 ur valued contribution.

Dnt waste much energy. Your monthly take home is N124,600.

Lest I forget, after confirmation you need to give 3 months notice if you want to leave on a good note. Promotion is every year with 10-20k increment depending on your performance.

BOBO Food & Beverages Limited was actually
incorporated in May 2006 and its goes extra mile
to produce fruit milk drink enriched with lots of
vitamin C for our consumers nationwide.
We seek a qualified
applicant to fill the vacant post of:

Job Title: Graduate Engineer Trainee
Job Location: Lagos
Job Duties:

- you will carry out installation and monitoring
and plant and equipment to identify and correct
problems using root cause analysis
- you will implement plan and maintenance
programme

Job Requirement:
. Minimum of Bsc/Hnd in Electrical electronics
Engineering
. applicant should not be more than 30 years old

Method Of Application
Send Cv and application to:
careers@bobofoodandbeverages.com OR
bobofoodbevhr@yahoo.com
Deadline: August 20th, 2013
Note: Only shortlisted applicant will be
contacted





IPAS Nigeria is founded in 1973, and its a global
non-govermental organization dedicated to
ending preventable deaths and disabilities from unsafe abortion. Through local and national global partnership.
IPAS Nigeria is recruiting for qualified applicant to fill the vacant position
Job Title: Office Assistant
Job Location: Ogun, Kano
Job Duties:

- you receive, send, register and distribute mails
- you ensure proper filling of documents for the office manager and other staff as necessary
- you will help perform other secretarial and
admin job
- you will assist with handling travel logistics for technical unit staff

Job Requirement:
. Minimum of Bsc/Hnd in any discipline
. Minimum of 1 year experience
Method Of Application
Send CV and application to: hrrecruit@ipas.org
Deadline: The advert remain open until the
position if filled

kory: Wats happening no word from anyone still need help for where to get a self con

I tire o!

ify4charm:

I get you phonon but it is just an innocent question and you knw from the previous thread i created i got an offer from both KPMG and PWC but it seems the opinions i m getting are mostly from pple who work there or prefer PWC. It would be nice to get an opinion from someone who has actually worked in KPMG. I hope u understand now.

Lol. Well I applied for the graduate internship role at that time thinking after some months I will be converted to permanent staff,but to my surprise the otherwise happened.

Anyway,I think both firms are great. KPMG is great I must tell you. But the stress there na die, and I believe that applies to PwC also but not to full length(as explained by pple).

In terms of pay, PwC surely pays higher than KPMG at entry level ,but I think the pay for seniors in KPMG is higher o ,because when u become a senior in KPMG your pay jumps sporadically. Anyway both firms are good. Lastly, I think life-work balance is prevalent in PwC, even my KPMG folks can testify to that.

ify4charm:

Why didn't you stay back at KPMG because i know u on PWC thread?

I worked as a GRADUATE INTERN(contract), and not full staff

PRINCE1604: Hello peeps, is there any bond in Diamond bank job? If yes wats d duration and value pls.

Kindly please provide us with a break down
of the annual salary of GTB's N3m+

What's their take home pay and duration for promotion
Thanks

EsosaDiva:

Do u work for kpmg?

Worked as a Graduate Intern for 6 months in their IARCS unit.

Phonon: I actually don't care;just wondering.What we do is more important than the title.#whistling and frying his chicken# Hee!

@phonon and all, congrats. In kpmg, u will start as an SA(staff assistant). After a year you get promoted to ESA(experienced staff assistant), then another year or 2 u get promoted to an Associate, then a semi-snr(SS) then to a snr associate which has 3 levels(S1,S2,S3). At S3, u are an asst mgr. After S3 is Manager.

Mind you, it is almost the same with PwC. It is just the title that is different.


Years. KPMG. PwC
entry. SA. A3
level

One. ESA. A1

Two. Associate. Snr Associate 1

Three. S1. S2/S3(depending)

Calculus12:

The firm will only reimburse you for exams taken while you were in their employment and not before then. If you happen to be in Assurance then CFA is not part of your development needs and as such will not be paid for by the firm. You can only take CFA at your own time and expense.

Pls kindly explain how the Out-of-station allowances work in PwC

I hope it is not treated as advances(short-term loan) for staff expenses which needs to be knocked off ur receipt for expenses and a remainder is returned to PwC. I hope it doesn't work like that

Please I need explicit explanation on how this out-of-station works in PwC and if it is given irrespective of the state and client u re working on, because I know KPMG doesn't pay such. I worked in KPMG and they never pay such. So saddening!

Calculus12:

The firm will only reimburse you for exams taken while you were in their employment and not before then. If you happen to be in Assurance then CFA is not part of your development needs and as such will not be paid for by the firm. You can only take CFA at your own time and expense.

Pls kindly explain how the Out-of-station allowances work in PwC

I hope it is not treated as advances(short-term loan) for staff expenses which needs to be knocked off ur receipt for expenses and a remainder is returned to PwC. I hope it doesn't work like that

I was invited, bt still contemplating of going cos of my current place of work and what is in hand

chidike: @ calculus during what period does the appraisal take place? is it at the end of the year? quarterly? or bi annually? and will you know the score given by your mentor?

How many years have you spent there and what is your level?

@ joboy834 I don't have any 10000 for physical examination in my pl offer letter Oh! Where did you see it. my let is 6 pages, what page?

It is in the last page of the salary computation. You will find it under where those HMO,insurance and life assurance is. It is the last of the benefits in that category.