₦airaland Forum

9free: Bros, but atmost all coys on the NSE have issues wity CG nah.......Only that in Oando's case, it's more glaring.

Maybe, but as at now Oando own no get rival. I guess things should start looking up at Oando.

mercylicious: Agh, oga Manie!

Wetin, a stockbroker on Milverton Road Ikoyi lagos requires a minimum of $100,000 or its equivalent before you can open a stock trading account, while most big stockbroking houses in Lagos, Abuja and PH will require a minimum of N5 million.

[quote author=Josh121][/quote]The future ought to be bright for Transcorp and the selling price is not bad.

Kashif: Thanks for your comment, and advise noted. I am good at technicals, with a little fundamental blend. I am not interested in long term investment(the dividends I still get is not up to 20k).

The reason I mentioned the fund at my disposal was because it would aid my prospective adviser. I have penny stocks with weak fundamentals. I have learnt my lesson and now know that patience is a virtue. I would rather sit on my money than repeat those errors.

Thanks again.

The fund at your disposal is small, and will not give a substantial speculative returns. That is why i will advice you to buy TB, or build up your portfolio to at least N5 million.

Kashif: Gentlemen, I left stock investment since the 2008 bubble, but was an avid speculator before then. Now, am coming back.

Please, I will need help from gurus here on broker and stock picks, [b]to be held till January next yea[/b]r. 1M is in fallow. Many thanks.

Since you need your money in January 2014, it will be better if you invest the money in treasury bills.

ihedioramma: IF I AM U I WILL BY AS MANY MY MONEY CAN BY OANDO, THERE WAS A TIME OANDO PRICE WAS MORE DAN #300 THE SAME WITH FLOUR MILLS WAS AT BELOW #15

I will advice him to invest in UBA Capital, the guys managing Oando have issues with CG. I hope they have changed their ways.

Kashif: Gentlemen, I left stock investment since the 2008 bubble, but was an avid speculator before then. Now, am coming back.

Please, I will need help from gurus here on broker and stock picks, to be held till January next year. 1M is in fallow. Many thanks.

Some of us were fully invested in some fundamentally good stock during this period.

Kashif: Gentlemen, I left stock investment since the 2008 bubble, but was an avid speculator before then. Now, am coming back.

Please, I will need help from gurus here on broker and stock picks, to be held till January next year. 1M is in fallow. Many thanks.

your success in this venture will not be determined by how much you have, but how prepared you are to learn, your level of financial education, patience and the God factor.

Kashif: Gentlemen, I left stock investment since the 2008 bubble, but was an avid speculator before then. Now, am coming back.

Please, I will need help from gurus here on broker and stock picks, to be held till January next year. 1M is in fallow. Many thanks.

Please do not be a speculator, educate your self and be an informed investor. Speculators may make money on the short term, but on the long run they will lose big time.

Elai147: There are registrars that purposely refuse to register some of us for E-dividend payment. Till date, I still receive dividend warrants by post from some companies while others pay directly to my bank account. There is nothing I have not done to ensure I am registered for E-dividend with some registrars but it just won't work and eventually I got tired of repeating the E-dividend registration process. Sometimes, these registrars know what they are doing. Evidence to support my claim is in the recent complain by SEC mandating investors to register for E-dividend because they are worried about the increasing figures of unclaimed dividends.

Can you mention the names of some of these registrars.

It is very possible to build a house within or less than 10 years.

I always advice people to make sure they invest whatever they as house rent, in real estate investment.
If you must pay 600k per annum for rent, you must be able to invest another 600k in real estate. If this is not possible, I will advice the person to get a cheaper accommodation of may be 300k, so that he can have another 300k to invest in real estate on an annual basis.

zayzee: Well, I was asking the question for an article I was working on, and I eventually did it and even liked the outcome because I am going to follow the plan. Since you seem interested, I will post it here for you.


As published in Hallmark Newspapers- www.hallmarknews.com


Own a home with a 10 year plan
UZEZI ADESITE

Most middle income earners are not open to embracing mortgages and housing loans as options to help in the realisation of their home ownership dreams.

Using a 10 year plan for an individual who earns N100, 000 monthly income, is it possible for the middle income earner to become a landlord of a three bedroom bungalow, without using housing loans to fast track the process? Although some stakeholders argue that it is more theoretical than practical, there are those who believe it is very possible.

Step by step
“Depending on your income level and the type of house you wish to build, you may decide to secure land first,” one stakeholder and business analyst, who pleaded anonymity, said. “Remember a home isn't built in a day, the moment you are able to secure land other things will be gradual, if your income level is such that can enable you start immediately after purchase of land, the next thing is to arrange for the plan for the type of house you need based on the available space of the land so that an engineer will be able to give you an idea of what it will cost to build it, then you can plan for savings for a year to start with the foundation. The moment you lay the foundation, all your attention should be on the house with little or no distraction to enable you achieve your dream.”

For a N100, 000 monthly income earner, stakeholders believe that he can purchase a good land in less than two years if he has the option of paying over a period of time and be able to do a foundation in another three years, if he saves at least N60, 000 monthly. For instance, Fresh Forest Nigeria offer a plot of land to subscribers in Agbara, who pay N35, 000 monthly for 20 months, which comes to N700, 000 a plot.

Niyi Osilagun, CEO of Abidoy Ventures and a civil engineer and building contractor, told Hallmark what the intended homeowner will need for foundation on a very good land is a strip foundation which today cost in minimum between N900, 000 and N1.3m for a simple designed bungalow. “This estimation is up to the level of German Floor,” he said. “It is the filling with concrete that takes most the fund.”

Going by Osilagun’s estimation of N1.3m and working on an annual inflation rate of 10%, after paying N35, 000 for land over 20 months (from Oct 2013- May 2015), the strip foundation will cost the intended homeowner N2.093, 663m if he lays it in October 2018, five years from when initial payment for land commenced. This is on the assumption that he still saves N60, 000 monthly, which will leave half a million in his accounts, after 20 months of paying for the land. Saving the N60, 000 for an additional 40 months from June 2015 to October 2018 will give him N2, 400, 000 in addition to his half a million naira. Paying an estimated N2.093, 663m for laying the foundation leaves him with a little over eight hundred thousand naira still. Five years gone, five more to plan for.

The saving plan
Eniola Philips, an independent financial analyst said the 10 year plan is realisable on certain conditions. “It is more possible if he has a separate business he had put up ahead of, or before this 10-year saving plan. It must be a business capable of re-capitalizing itself. And it is equally very possible if he has a working wife ready to support him with additional income. Also, the savings method that yields interest is the one to subscribe to.

“Fixed deposits in Nigeria do not yield much interest even if you put in 1million initial deposit. No fixed deposit for amounts below N1million, but some banks or branches of some banks will concede to N500,000 fixed deposit. You may then add up more into that if you care. The amount you add will be added to the former principal + interest on that former principal.”

Outside of embracing the fixed deposit as a way of saving towards this plan, Treasuring Bills are another alternative. Eniola Philips said: “the minimum period for buying Treasuring Bills is 91 days and minimum amount needed is N100, 000 that attracts 11.4% interest or at worst case scenario, 9% in 91 days.”

Other financial advisers say the beauty of going with treasuring bills to help save towards achieving this project is that apart from the good interest rate and ability to re-invest after the maturation of the initial investment, it is a means of strict saving discipline without an option of being tempted to withdraw the fund.

Another five years of saving N60, 000 brings in N3.6m to be added to what was left to build the simple bungalow.

Assumptions
The project can be influence either positively or negatively by events like loss of job, salary increment, interest acquired over a long period of time from investment in treasuring bills or buying bonds.

Also, where the plan fails, Kolade Akintayo of the Real Estate Exchangers and Agents Group , a stakeholder, believes a kind of financial help is what an individual will need, especially if the intending homeowner subscribes to payment plans from a property development firm. “How else can you own a home if you don’t hold an equity/debt instrument against the house?” he asked. “Buying a house is one of the most expensive transactions that people face. But then, it can be worked out if you are able to calculate how much time is needed to make contribution towards the effort. An individual aiming for personal ownership can afford 10-30yrs contribution with affordable payment plan.”

Akintayo adds that developers who can render a payment plan service, do so in partnership with institutions with the legal jurisdiction to do so like mortgage banks.

“You will find that this task is far beyond the services that a traditional developing company you see around can assume,” he said. “So consumers are to enter into a purchase contract only with developers and sign corresponding and associated mortgage agreements with such legal entities established to offer mortgage services separately.”

Stakeholders advise all investors, especially if buying land through developers and spreading payment to do their due diligence before commitment.

You asked the question, and you provided the answers. Obviously you are here to market your company and her products.

manie: I will advice you to sign up for e-dividend, or better still if you are based in Lagos you can ask for your dividend warrants to be extracted.

Before the advent of e-dividend most of my dividend warrants were extracted.

veeco vee: i mailed uba registrar about the long awaited dividend warrant. But their reply was that it must clock 6months b4 they ll reissue another warrant. Did they purposely withold warrant with up to 5 figure amount? anyone in same shoe?

I will advice you to sign up for e-dividend, or better still if you are based in Lagos you can ask for your dividend warrants to be extracted.

mercylicious: Abeg Ella, what do u think? Why close observatn?
Meanwhile, I no see price list for nse website 2day.

@Mercylicious, why the long absence from SMN.

manie: FBN is very good as per TB investment.

How much will you need to buy TB at GTB?

FBN will accept as little as 100k.

Just got an alert from FBN for the interest paid on my TB. The TB issued to me paid an upfront interest of 10.45%, the TB will be due on 9th January 2014.
May God spare our lives .

lancee: GTB .. called account officer to ask him whats goin on , he said I should be give them time , it would be done today

might likely change to First bank

FBN is very good as per TB investment.

How much will you need to buy TB at GTB?

lancee: Yeah , I called him as well yesterday , told me likely it went thru , but my account yet to be debited

@Mr manie .. think u re same mr E..ewumi on SMN .. wish to meet you one day , u ve really been of help to me on most of the FORUMS
God bless u and ur Family

Who is your banker, my account was debited last week Friday for my bid.

omogidi234: Oga, I was in University of Ilorin those days when the branch ASUU was hot ( 97, 99 and 2000). The 'no work no pay' rule was first tested in Unilorin. Ask any one who was in Unilorin between 97- 2007, after close to ten years, the lecturer won their case in the Supreme Court. The funniest thing was that the least paid earned about N20m or so, depending on your HATISS. Even those who died during the struggle, their families received their pay. My point exactly is that after suspending their salary for years and some had gone to private universities, the court still ruled that they should earn salary till the date of the judgment or so.

So please let us learn from the past. If the FG thinks they are overbearing, let them take legal action as against illegal action of 'no work no pay'.

The management of UNILORIN did not seek legal advice before sacking the UNILORIN 49, similar case happened with Bernard Longe a former CEO of FBN. I guess he was paid close to 1 billion as lost income. The lecturers should be given an opportunity to defend their actions, invited to panel etc. They can now sack them for refusal to appear at the panel, which can be referred to as insubordination.
Nothing stops an employer from sacking, dismissing, retrenching or retiring his employee, but they need to follow the legal procedure.
No work, no pay is not illegal.
workers can be sacked for dereliction of duties. insubordination etc.

ajeyomi ademola: The ASUU-FGN matter is a clear conflictual matter.

You don't sweep conflicts under the carpet

What the federal govt. should do is to confront the matter and send these Guys back to class
It may be true that the ASUU members are seeming inconsiderate, but the bulk of the matter heavily lies on the Federal Executive Council (GEJ's cabinet)
If GEJ wants lecturers to go back to school on Monday, He knows what to do- i am a final year student of the Industrial Relations and Personnel Management dept. of the University of Lagos, (university of first choice, the nation's pride). Let GEJ commit himself rather than traveling here and there, and watch ASUU make concessions.

[color=#000000]The government needs to be trusted, and this is the truth and the crux of the whole matter[/color]- GEJ should bargain in good faith

I thaink ASUU will be willing to bulge, they are academicians that should be able to think when necessary

That is my little contribution
THATS ALL. (MEMBERS OF NSCDC ARE NOT INVITED HERE.)

Are you sure?

ajeyomi ademola: The ASUU-FGN matter is a clear conflictual matter.

You don't sweep conflicts under the carpet

What the federal govt. should do is to confront the matter and send these Guys back to class
It may be true that the ASUU members are seeming inconsiderate, but the bulk of the matter heavily lies on the Federal Executive Council (GEJ's cabinet)
If GEJ wants lecturers to go back to school on Monday, He knows what to do- i am a final year student of the Industrial Relations and Personnel Management dept. of the University of Lagos, (university of first choice, the nation's pride). Let GEJ commit himself rather than traveling here and there, and watch ASUU make concessions.

[color=#000000]The government needs to be trusted, and this is the truth and the crux of the whole matter[/color]- GEJ should bargain in good faith

I thaink ASUU will be willing to bulge, [b]they are academicians that should be able to think when necessary

[/b]That is my little contribution
THATS ALL. (MEMBERS OF NSCDC ARE NOT INVITED HERE.)

I don't think so.

The management and administration of University education needs to be decentralised. A lecturer in Lagos does not have to earn the same salary with a lecturer in Maiduguri, but their costs of living and expenses in both cities are not the same.

People may criticise me for this, but this is the economic reality.

Time to partner with investors in the educational sector and most especially in University education. Anybody who invest in this sector will smile to the bank on a regular basis in the next 10 years. I see a gradual end of public universities in the next 20 years.

I guess proprietors and investors in private universities are indirectly using the lecturers in public universities to kill the system.

[quote author=Midax & Phoenix]These are excerpts of the agreement between ASUU and federal government for a better understanding of the impasse.

Establishment of the Federal Government of Nigeria (FGN)/Academic Staff Union of Universities (ASUU) Re-Negotiation Committee
On Thursday, 14th December, 2006, the then Honourable Minister of Education, Dr. (Mrs.) Obiageli Ezekwesili, on behalf of the Federal Government of Nigeria (FGN), inaugurated the FGN/ASUU Re-negotiation Committee comprising the FGN Re-negotiation Team led by the then

Pro-Chancellor, University of Ibadan, Deacon Gamaliel O. Onosode, OFR,

and the ASUU Re-negotiation Team led by the then President of ASUU, Dr. Abdullahi Sule-Kano.


TERMS OF REFERENCE
The single Term of Reference of the Committee was to re-negotiate the 2001 FGN/ASUU Agreement and enter into a workable Agreement. In the course of discussion, the Committee agreed that the essence of the Re-negotiation was:

(i) To reverse the decay in the University System, in order to reposition it for greater responsibilities in national development;
(ii) To reverse the brain drain, not only by enhancing the remuneration of academic staff, but also by disengaging them from the encumbrances of a unified civil service wage structure;
(iii) To restore Nigerian Universities, through immediate, massive and sustained financial intervention; and,
(iv) To ensure genuine university autonomy and academic freedom.

1.3 COMPOSITION OF THE FGN/ASUU RE-NEGOTIATION COMMITTEE
The FGN/ASUU Re-negotiation Committee comprised the following Members, Advisers, Observers and the Joint Secretariat:

1.3.1 GOVERNMENT RE-NEGOTIATION TEAM
(a) Deacon Gamaliel O. Onosode, OFR Immediate PastTeam Leader & Pro-Chancellor, Chairman, Re-NegoUniversity of Ibadan. tiation Committee
(
b) Prof. Musa Abdullahi Secretary General Member (Deceased CVC & Immediate 30th October, 2008)
Past Pro-Chancellor, University of Jos

(c ) Prof. Greg Iwu, OONImmediate Past ProChancellor, Nnamdi Azikiwe University, Awka. Member
(
d) Rev. Father T. E. UwaifoImmediate Past Pro-Chancellor, Ambrose Alli University Ekpoma. Member

(e) Barrister Emeka Nwankpa Former Pro-Chancellor, Abia State University, Uturu. Member

(f) Amb. Muh. Adamu Jumba Immediate Past Pro-Chancellor, Bayero University, Kano. Member
(g) Prof. Mahmood. Yakubu Executive Secretary, ETF Member Abuja
(h) Senator Abdalla Wali Former Pro-Chancellor, University of Technology,
Yola Member (until 23rd February, 2008)

1.3.2 ASUU RE-NEGOTIATION TEAM
(a) Dr. Abdullahi Sule-Kano President Team Leader (until May 2008)
(b) Prof. Ukachukwu Awuzie President Team Leader
(from June, 2008) ( c) Dr. Oladipo FashinaMember
(d) Dr. Peter Ozo-Eson Member
(e) Dr. Ogban Ogban-Iyam Member
(f) Prof. Eskor Toyo Member
(g) Prof. Chukuka Okonjo Member
(h) Prof. Omotoye Olorode Member
(i) Dr. (Mrs) Nnenna N. OtiMember
(j) Prof. Olatunde Oduleye Member
(k) Dr. Biodun Onilude Member
(l) Prof. Idowu Awopetu Member
(m) Dr. Olugbenga Ogunbote Member
(n) Dr. Ralph Ofukwu Member
(o) Prof. Emmanuel Egia Okoegwale Member
(p) Prof. C. O. OrubuMember
(q) Dr. Nasir F. IsaMember ( r) Dr. Suleiman D. AbdulMember
(s) Dr. Festus Iyayi Member
And many others! There was a faculty of senior citizens as advisers and witness too!!



THE RESOLUTIONS AND AGREEMENTS..

Salary Structure for Academic Staff in Nigerian Universities
It was agreed that there shall be a separate Salary Structure for University Academic staff to be known as Consolidated University Academic Salary Structure II (CONUASS II), which is shown in Table 1. CONUASS II is made up of the following three components:
(a) The Consolidated Salary Structure for Academic Staff (CONUASS) approved by the Federal Government of Nigeria (FGN) effective 1st January 2007 (FGN Circular SWC/S/04/S.309/1, dated 18th January, 2007).
(b) Consolidated Peculiar University Academic Allowances (CONPUAA), exclusively for university teaching staff and derived from allowances not adequately reflected or not consolidated in CONUASS.
(c) Rent as approved by the FGN effective 1st January 2007 (FGN Circular SWC/S/04/S.309/1, dated 18th January, 2007).


Earned Academic Allowances
It was agreed that entitled academic staff shall be paid the following earned allowances at the rates indicated for undertaking the listed assignments.

Postgraduate Supervision Allowance
(i) Lecturer I N15,000 per student, per annum
(ii) Senior Lecturer N20,000 per student, per annum
(iii) Reader & Professor N25,000 per student, per annum
This allowance shall be paid to the entitled academic staff for a maximum of 5 students per annum.
b. Teaching Practice/Industrial Supervision/Field Trip Allowances
(i) Assistant Lecturer – Lecturer I N60,000 per annum
(ii) Senior Lecturer N80,000 per annum
(iii) Reader & Professor N100,000 per annum
Where the work involves travelling out of town, the usual mileage and night allowances shall be paid in line with the existing Government regulations. Also, where a staff is involved in more than one of the above activities in a given year, he or she shallbe remunerated separately for each activity.
c. Honoraria for External/Internal Examiner (Postgraduate Thesis)
External
(i) Master’s degree N80,000 per thesis
(ii) Doctorate degree N105,000 per thesis
Internal
(i) Master’s degree N45,000 per thesis
(ii) Doctorate degree N65,000 per thesis

COTD[/quote]I think post graduate students pay for their masters and doctorate programmes, the allowance for supervising post graduate students ought to be billed in the school fees, this should not be the headache of the FG but the respective Universities.

foandt: Thanks, I submitted the form at AGM venue duly signed by my banker but yesterday I received a mail (Box) from Union Registrars returning my original e-dividend form plus their form requesting me to produce bankers confirmation and cscs statement.

Produce your CSCS statement, means of identification and banker's confirmation, if the stocks truly belong to you. The registrars are only trying to safeguard your investment.

lancee: I haven't heard anything from my Account officer , am not sure if mine went thru

Just called my account officer, he said he would find out from the head office before the end of the day.

http://www.jarushub.com/the-nigeria-stock-exchange-an-overview/


This will give you an overview of the Nigerian Stock Exchange.

christieneijeom: Pls me too will like to know how it works. Email Babyeddy2000@yahoo.com

http://www.jarushub.com/functions-of-the-stock-exchange/


This may educate you about the functions of the stock exchange.

jp130: plz cn som1 successfully win a bid wit just 20,000 in dis 1?

100k is more like it. FBN will accept a minimum of 100k, but other banks accept more than 100k.

feelamong: yea... at CBN; My account officer usually insist i throw in my bid on tuesdays..

Application for treasury bill with FBN closed on Friday 4th October 2013, for tomorrow's bid. FBN application closes 3 working days before the bid.

feelamong: Today is another bidding day!

what rate are you bidding today?

am going for 182 days @ 12%

I think the next bidding date is tomorrow.