₦airaland Forum

Luckystar220:
wat if it's 8% will you loss ?

Yes I agree with alikote. Buh again, what are the available alternatives at this point?. 8% is still very much a better deal than 4%.

The event currently unfolding at the National Assembly with respect to the appropriation bill is really a national disgrace.
How long can we continue to watch helplessly as the act of impunity by our leaders goes unchecked. The leaders whom we consciously signed a social contract with, for the sole purpose of managing and protecting our common wealth for the greater good of all Nigerians.

At this point I believe we should demand that the issue of the appropriation bill, alleged to have been altered by Senator Enang shouldn't be swept under the carpet as usual. If something as significant as the appropriation bill can be altered by a single man, then, we are finished as a nation.

Who is with me on this?

So sad

This is hilarious! Mid-day robbery by our very own anti corruption crusaders.

Naija which way?

Hurray!!!!!!!!!!!!!!!!!!!!!!!!!!!

ARM Group have now acquired mixta Africa, a real estate giant in Africa, having 2.5 million sqm with close to 10,000 housing units delivered across Africa. Headquartered in Barcelona (Spain) with offices in Morocco, Senegal, Tunisia, Mauritania, Algeria, Nigeria and Côte d’Ivoire.

Watch out for Mixta Africa's first innovative product in Nigeria known as Residence de la Paix (RDP) by Mixta Africa, RDP is an affordable, well planned, mixed-use estate in Lekki, Lagos. Come and enjoy affordable living in a secure neighbourhood with its own amenities including:
-power and water supply systems.
-Deed of Assignment .
-Good Drainage
-Perimeter Fence
-Recreation parks
-Good road network
-Street lighting
-24 hours security
-Sports facilities.

More info to follow...

ednut1:
ur website says otherwise

Actually that was the rate that was sent via email. We do receive email notification every morning with regards to the rate for the day. So, tomorrow l will get clarification from operations on why the variance.

Modified*
The rate I gave was the right one. There is usually a delay before the site is updated. Though, we working on that.

ednut1:
Stanbic IBTC 8.55%. ARM 8.18%

ARM is 9.1960% as at today

rapmike:
Looking at it from your angle, it seems better. The trouble is that I am not ready for it @ d moment, so I hope you don't mind if I can get your mail so that when am ready I can reach you directly.

I understand.

Kelvin.chiejine@arm.com.ng

rapmike:
I am a student staying on campus so I don't have utility bill, but I will try and get the National I'd card.

I would prefer registering online for various reasons.

Alright... Its same thing. your not paying the money to me. Cos I won't even collect cash from you. Whether you register through me or through the site. Your expected to pay into our ARM money market fund account with Gtbank. And I believe having someone like me to guide you all the way should make things alot easier for you. But, its your call.

Parisfran:
Hello Everyone, any idea where I can get the rates and charges of various mutual funds in Nigeria? From the little I know their commissions and charges can makes all the difference.

Thanks in anticipation.

Are you doing a research on them for academic purpose or you want to invest?

rapmike:
Okay, where is ARM? Cos am in Osun state @ d moment (Ile-Ife to be precise). Moreover do I need to open a bank account with you guys?

We don't have an office in Osun state. But what I can do for you is to email you the form; and you complete it and scan back to me, which should be accompanied by the kyc requirement. Like your national government issued ID and your utility bill which serves as a proof of your address.

Note: Distance is not a barrier cos we have clients that invest from UK and America.

@drdams well done and happy new year. Seems your one of our client.

rapmike:
Thanks. I went to First Bank branch and enquired about the mutual funds option that was #5000 as minimum requirement. They directed me to one dude who was just talking about me dropping #5000 per month. I was just discouraged as I planned to drop #5k once and keep using it for a year or thereabouts.

Maybe I will ask from another branch.

Maybe you should try us out at ARM. The ARM Money market fund is very flexible. Minimum investment of #5000 and the minimum additional is #1000 and its not mandatory you make additional payment into the account monthly. Its actually at your discretion I.e, anytime you have any extra money you don't want to spend, you can pay it into your account with us.

civilserva:
@Carpenter
What role does a Register play in the FBN MM? According to your story, you had signature issue with the Register during the time of your fund redemption. I invested in FBN MM fund but i never had a any dealing with the Register. Please clarify.

There are three parties involved in the Mutual funds investment
-The fund manager
-The Registrar
The Custodian

The Registrar is charged with all the documentation.
Anytime you want to redeem your investment, your redemption form is taken back to the Registrar to ensure that what you have filled out corresponds with their record. Any discrepancy will be communicated back to the client so the necessary reconciliation is done.

Hope this is useful

Happy new year to the house! @carpenter ernie4life I hail ooo.
I pray we all are able to achieve our investment objectives this year, even as the economy is really not looking so promising.

HNY

Well... Politics

Ok

osubair:
I had this issue with mutual benefit. I lost 30% of my savings and I vowed never to patronise any other insurance service except car insurance. These guys will tell you that your Acct officer didn't remit your monthly premium/savings.

Get though with these guys, search for the company's CEO and EDs online send emails to the company's info mail.
Fight dirty.

I think you were not properly intimated with respect to what insurance policy is about.

Insurance is primarily not an investment. Although, recently, insurance companies have tried to develop products that include investment. But, how it works is that every premium you pay is apportioned into both insurance coverage and investment. The investment part is what you get back if you want to exit. And the penalty will be on the coverage. That is why they are in business. Cos if something happens to the policy holder after making just the first premium payment, the insurance company is bound to pay the beneficiary the SUM ASSURED.

osubair:
I had this issue with mutual benefit. I lost 30% of my savings and I vowed never to patronise any other insurance service except car insurance. These guys will tell you that your Acct officer didn't remit your monthly premium/savings.

Get though with these guys, search for the company's CEO and EDs online send emails to the company's info mail.
Fight dirty.

Do you pay into the account officer's bank account or the company itself? Cos am aware that it is usually stated that on no account should one remit any money directly to your account officer.

[size=8pt][/size]

Raymondenyi:
Sir; they is a place they aggregate in my area; there re really no banks around there; plus i'm suppose to go their today that happens to be weekend and a pub hols...

Alright. I know they can't possibly give you naira counterfeit, all you should be mindful of is being shortchanged

The road side abokis are usually in every bank. Approach them once you notice their presence. So immediately your paid just pay it into your bank account.

jammiller:
Contributed into a Retirement Savings Account running into millions. Now out of job for months and can't get another one. Contribution to pension can't continue. Can't even feed family. I think I am going to die in few months if things continue this way. Family pressure is way more than I can handle.
Sadly I get monthly emails of millions I can only access when I am sixty. I don't think I would survive another month without a job. Something has to be done. I need professional advice.
God bless you.

Your entitled to 25% of your contribution once you have been out of job for four months. You should contact your PFA.

Informative

For real?

nextstep:
It's funny we keep saying "in the midst of so much poverty..." I think we should start seeing the other side: "there are plenty of well-to-do Nigerians".

Very funny indeed... Whats the proportion of well-to-do Nigerians to those homeless Nigerians?

Am astonished.... In the midst of so much poverty. Well... GEJ and Mama peace didn't attend any. so?

yomi007k:
Merry Xmas boss,

Talking about Money Market. Wats d current Rate n is it more or less risky than TB?

Tnx

Same here my Oga,
Don't want to derail the thread again. Buh all I can say is that it depends on your objective. If you need the info on money market just send an email to kelvin.chiejine@arm.com.ng

Best regards.

Bamz:
ednut1 and the house, greetings!

My tbills investment matured days ago but I'm at my wit ends atm. The rates are not encouraging as it seems. Thinking of waiting till March or there about before dabbling into tbills again. In the mean time, Access and GT say they can give me 4% on fixed deposit while I wait for the tbills. What do you guys think?

I think you should consider the money market for the main time or better wait till next T.bills auction since your willingly to accept 4%; the next auction can't possibly go below 4% I presume.

Am surprised that people get so attached to a particular investment vehicle which shouldn't be. And there again it balls down to our investment objective. If our investment objective is moving from point A to point B, and of course with the assumption that point B is a much better state. Then it wouldn't make any sense being attached to a specific investment vehicle. Its like someone traveling from Lagos to Abuja. When you board a bus, you obviously wouldn't want to drive the vehicle or own it. All you should be interested in is the bus taking you to your destination in this case which is Abuja.

Merry Christmas to the house!
And as we celebrate the season, remember that for "Every Naira you keep, puts tomorrow's worries to sleep.
"

Why is Nigerian Labour Congress only involved in political issues. I have never heard about NLC intervention on issues such as; the maltreatment of employees by the Lebanese, Chinese and Indian companies.

What a tragedy

Ok