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 Investment / Re: Stock Market Tips For Nigerians by NBA(m): 8:26pm On Jan 22, 2008 |
Daily Stock position attached:
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 5:38pm On Jan 22, 2008 |
upward: @upward I opened a Stockbroking account with them and they send it to clients. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 6:11am On Jan 22, 2008 |
naijawebe: @naijawebe You are very welcome to the thread. It is always nice when more people contribute by asking the questions or responding to others. Some answers to your questions, I am sure others will add more. A few questions for the experts: 1 It seems everyone picked Vetiva, and the minimum to open an account is 1Million Naira. After the account is opened, how then are stocks bought for you. With Vetiva, I place my orders on-line with what to buy ir sell and at what price. 2. Do you make the pick of stocks /shares to buy or this is done by you chosen Stockbroker? You can have an account that is managed where they make all the decisions for you. Vetiva's minimum for this is quite high, used to be 10 Mil, not sure what it is now or if you can negotiate this. Most folks go with the regular stockbroking account. They make daily stock recommendations and I combine that with research from other sources, most important of them, for me, is the StockMarktet Tips for Nigerians https://www.nairaland.com/nigeria/topic-31554.0.html 3. For someone like me who is a complete novice regarding trading in shares/stocks, it will be very hard and difficult for me to know the upward moving shares/stocks. Go through the link above and others I use include: http://www.stockmarketnigeria.com/forums/ http://www.proshareng.com/index.php 4. I would prefer them do this for me You will need a managed account or invest in mutual funds. My very important question is how does this work with you "NBA" who has an account with Vetiva and for all others who also have accounts with this firm. I recently bought my first shares last year which of course were First Bank and Access Bank , and I am still waiting for their certificates. This was done through my Older brother in Nigeria. I will honestly prefer to be doing this directly by myself with a good stockbroker. Has anyone received their certificates regarding these Banks? Please fill me in if you have. I opened my account with Vetiva with the First Bank PO. I completed the PO form and mailed it to them. They credited my request as outsanding shares in my on-line account so I am able to keep track of my PO's this way. I also use their address for all PO's. The First Bank PO's have not been credited to my account to date but the refund was sent to Vetiva and the ammount was credited to my balance. This has been very very convinient for me. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 5:08am On Jan 22, 2008 |
Etin: @Etin, Excellent update, thanks! That is definitely big if they are able to do the third party transfers to other banks. How much does this cost? They called you on your mobile in UK? Wow! I am impressed! |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 9:25pm On Jan 21, 2008 |
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 9:22pm On Jan 21, 2008 |
Daily Stock position attached:
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 9:51pm On Jan 20, 2008 |
http://www.proshareng.com/myproshare/portal_news.php?id=3495 Omoyeni is still WEMA boss –CBN Posted Sunday, January 20, 2008 The Central Bank of Nigeria has denied speculations that the Managing Director/Chief Executive Officer of Wema Bank Plc, Mr. Adebisi Omoyeni, has been fired. The Deputy Governor, Financial Sector Surveillance, Mr. Tunde Lemo, said that Omoyeni was neither sacked nor suspended as widely circulated. The CBN chief, who spoke with our correspondent in Abuja, said that Omoyeni was only on routine leave. ”He is on routine leave and you can quote me. He remains a member of the bank‘s board. No one has asked him to go and I can confirm to you that the bank is healthy,” he said He also denied that Omoyeni‘s leave was linked to the re-examination of the bank, which was scheduled to commence on Monday by CBN‘s inspectors. Lemo explained that the bank‘s inspection was a routine matter and that the CBN regularly embarked on house inspections to complement its electronic financial surveillance system (e-fass). According to him, the CBN insists on comprehensive supervision of banks to ensure the integrity of the banking system. ”In fact, we are getting to a stage where we will have resident inspectors in the big banks,” he added. The CBN was being expected to make a formal statement on the speculation as at press time. When contacted, the Head, Corporate Affairs, Wema Bank Plc, Mr. Tunde Olofintila, also denied allegations that his boss had been removed by the CBN. In a text message to our correspondent, he said Omoyeni was only on an annual vacation. ”Don‘t forget that he has not been on vacation since he became the Group Managing Director in 2005,” he stated. He, however, declined to pick his calls for further interrogation. Omoyeni joined Wema Bank in March, 1987 as an assistant manager and has worked in various capacities since then. He has been Assistant General Manager, Insurance, Pension and Registrar Services; General Manager (Administration); Executive Director, Resource management and Services; and Executive Director, Investment Banking and Public Sector. He was also Executive Director, Retail Banking until October 4, 2005, when he proceeded on a leave of absence from the bank following his appointment as the Deputy Governor of Ekiti State. He was appointed MD/CEO of the bank on December 7, 2007. Wema Bank‘s profit after tax increased substantially from a loss of N6.6bn in 2006 to a profit of N2.5bn in 2007, representing an increase of 138 per cent. According to the full year result of the bank for the period ended March 31, 2007, turnover increased from N14.83bn in 200 to N24.43bn in 2007. While speaking at the bank‘s annual general meeting, held in Kano in December 2007, Omoyeni explained that the loss of N6.6bn in 2006, was exceptionally due to a high loan loss provision of N10.26bn. Deposit liabilities of the bank also increased from N85.6bn to N125.48bn, translating to a seven-year record high growth rate of 47 per cent. Gross earnings grew by 78.4 per cent, up from N14.8bn in 2006 to N24.63bn in 2007. This had hitherto grown at an average rate of 31.4 per cent yearly between 2001 and 2006. The bank also disclosed at its last AGM that it would open its hybrid share offer to the public before February 2008, to raise N130bn The MD said that the bank was going to the market to raise more funds in order to increase its capacity to deliver on its promises to all its stakeholders and customers. The offer is expected to have a Global Depository Receipt of 40 per cent and a rights issue prospect while the bulk would be reserved for local subscription. The GDR perspective, according to the MD, is to accommodate both local and foreign stake holding in the bank. - Punch |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 4:02pm On Jan 20, 2008 |
@tonyjon This is what I got from Vetiva when I inquired about the nominee account. I have a regular account myself. CATEGORY 1: Vetiva Stock Broking Account – (Minimum Deposit – N1million/$10,000) As a Client, you will exercise full discretion in the Management of your Portfolio; Investment activities shall be carried out on client portfolios in accordance with strict instructions obtained from the client and Vetiva shall not initiate any investment activities on behalf of StockBroking clients; Clients shall have access to Vetiva Online & Mobile Services (in line with specific terms which are laid out); Monthly Online statements will be available to Clients on login to their accounts. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 4:13pm On Jan 19, 2008 |
@Etin, I recieved the Seasons Greetings card fom Diamond back yestreday - individually signed and all  . Nice, after I don yab dem finish.   |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 9:40pm On Jan 18, 2008 |
easimoni: wanaj0: easimoni: Thanks easi, I'll try again. Wanaj0, I assume since Zenith does 1% for 5 mil accounts that should be the entry point. Maybe I will tell my broker to transfer 5 mil to Zenith to get their attention. |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 8:55pm On Jan 18, 2008 |
easimoni: @easimoni Do you mind sharing what your reduced commission is - it tried with no luck to renegotiate mine, I want to try again. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 10:45pm On Jan 17, 2008 |
Panache: Yes you can. The last time I checked, moneygram or western union did not allow on-line transfers to Nigeria, has that changed? |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 6:55pm On Jan 17, 2008 |
Daily Stock Position attached:
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| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 3:26am On Jan 17, 2008 |
NBA, Etin how would you rate the diamond account so far? @disguy I haven't used it much. My transaction pin did not work so they reissued and mailed another which took 2 weeks in all. Afterwards, I moved all my money out for now. I must say I do like their on-line banking. @ Etin Long time, how u dey? |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 7:52pm On Jan 16, 2008 |
Cool. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 7:29pm On Jan 16, 2008 |
@tonyjon (026- 201 002 1676) is the account number for the naira account - i.e. if you are paying in locally in Naija. The one I attached is a US Dollar domiciliary account to receive incoming wires from here. Make sure you confirm Canada will use same. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 10:24am On Jan 16, 2008 |
Hello tonyjon, Diamond Bank, see attached for details.
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 8:38pm On Jan 15, 2008 |
tonyjon: Yeah you right, it's not there. Dunno why. |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 8:04pm On Jan 15, 2008 |
Daily Stock position
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 3:47pm On Jan 15, 2008 |
crazyT: AMEN |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 7:31pm On Jan 14, 2008 |
@bigjay01 Na wa for this UBA story O. The NRN reps have been quite good, they may have been put in a difficult situation making them interface with the Stockbroking when there is clearly no need for it. Doesn't excuse bad behavior though. Anyway, you guys will like Vetiva compared to the stuff I have read here. |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 7:24pm On Jan 14, 2008 |
@bigjay01 You got it, cool. |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 4:46pm On Jan 14, 2008 |
tonyjon: UBA Stockbrokers Guys, I was hoping to keep the conversation on the other thread but it doesn't really matter now, boys don vex already! OK, from what I understand, the NRN folks were instructed to only move money from the current/checking account to the Stockbrokers - the only reason I believe is to make more money for UBA. You do not need to have an account with UBA to use their Stockbroking service. I contacted UBA Stockbrokers directly and you can transfer the money to their account directly, the email response is attached with the account number. As I mentioned on the other thread, I only use the savings product most times though I have the current and domiciliary accounts. My opinion though is deal with the Stockbroking folks directly. The NRN reps don't need to be involved. However with the complain of slow execution mentioned here and lack of on line access , I may not fund that account If you have complaints, you can send it to this guy. He was in charge of the NRN product a while back. Chidi N. Okpala Head, NRN Banking & Remittances Division United Bank for Africa (UBA) Plc I UBA House I 15th Floor 57 Marina - Lagos , Nigeria Office: +234 1 264 4652 - 700, EXT 15558 I DL:+234 1 270 4494 I Fax: +234 1264 4769 chidi.okpala at ubagroup dot com
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| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 2:50am On Jan 14, 2008 |
Not bad at all if you ask me --- http://www.proshareng.com/myproshare/portal_news.php?id=3453 SNAPSHOT OF MUTUAL FUND PERFORMANCES IN 2007 Posted Saturday, January 12, 2008 MUTUAL FUND PERFORMANCE (%) ARM Aggressive Growth Fund 86.03 IBTC Nigerian Equity Fund 55.40 ARM Discovery Fund 56.30 Fidelity NIG Fund 48.18 Coral Growth Fund 39.32 ARM Ethical Fund 82.11 IBTC Ethical Fund 67.44 Coral Ethical Fund 35.47 Coral Income Fund 18.53 NSE All-Share-Index 74.73 2007 was a good year for the Stock Market as the NSE All-Share-Index returned 74.73%. In the same vein, the ARM Mutual Funds outperformed in the various categories to emerge as the best performing mutual funds in 2007. Our outlook for the stock market in 2008 remains positive, albeit we do not expect performance to be as strong as 2007’s.With our professional approach and expertise in Investment Management, we aim to build on our current performance to ensure that your investment objectives are achieved. For further enquiries, please call our help desk on 01-448-8282 or send an email to discoveryfund[at]arm.com.ng |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 2:36am On Jan 14, 2008 |
@Naijrdr You are welcome. Let me know how it goes. Use sales at vetiva dot com. The UBA Stockbroking execution issue is making me have second thoughts about funding the account I just opened though the intention was only to use it for PO's. I wonder if dealing directly with the Stockbroking unit without going through the NRN RM's solves the issue, anybody know? |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 2:25am On Jan 14, 2008 |
hispy99: nse.nba at gmail. dot com |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 2:43am On Jan 13, 2008 |
@Naijadr, How you dey? Vetiva is N1 mil. Yes, they set up my account using their address which has worked perfectly for me. They also have a nominee account which means they buy PO's on your behalf without you mailing the forms to them, not sure what else the nominee account features so do ask them about it. The account setup is pretty straightforward, they emailed the form and I believe I emailed the completed form back. You do not need a Diamond bank account to operate. I wire the money directly to them, it costs $20 from my bank, Bank of America. I had an account officer but now they use a distribution list sales at vetiva dot com. I don't know why they require the referral thing but I don't think it is such a big deal. A bank can write a note saying you have been a customer for X months or years and that should do it. Otherwise you can email me nse.nba at gmail dot com, but post here so I know to check. |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 11:52pm On Jan 12, 2008 |
euromilion: @euromilion Our brothers in the house have provided good directions - hope it works out okay, let us know. |
| Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by NBA(m): 5:23pm On Jan 10, 2008 |
Got this email today from UBA Remit: Subject: UBA REMIT - FUNDS TRANSFER NEVER BEEN MADE SO EASY! Hello my people, Sending money home has never been so affordable and convenient. Introducing UBA Remit, a Do-It-Yourself service which allows corporates and individuals in the UK , USA and Canada to send money from the accounts or cards directly to a beneficiary’s UBA account online while in the convenience of his/her home or office. The entire transaction is completed online and with just a few clicks of a mouse! Here are 5 easy steps to send money via UBA Remit; The sender simply goes to the UBA Remit site (www.ubaremit.com) to login or register (if a new user). Enters transfer details, including amount to be sent. Enters the name and account details of the person to whom you are sending the money. Ensures that the account number is right then confirm the transaction. The sender will receive an e-mail shortly confirming details of his/her transaction and a tracking number which he/she can use to check the status of the transaction online. Since all recipients accounts are expected to have met all KYC obligations, senders experience such peace of mind when they use UBA Remit. A nominal fee is charged for providing this service which is far less than what comparable services will charge and such services take much longer periods to deliver the money. Applicable fees for transfers can be computed online. We invite you to experience this unique service. For a trial and more information visit www.ubaremit.com Best Regards, Olukemi Rilwan-Modile Product Manager UBA REMIT United Bank for Africa Plc | UBA House (13th Floor) 57 Marina , Lagos , Nigeria Office: +2341-2644651-700 Ext 18563| DL: +234-12807563 Mobile : +234-802-302-0969 Email: kemi.rilwan-modile@ubagroup.com Website: www.ubagroup.com , Africa's global bank |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 4:45pm On Jan 10, 2008 |
elemu: @elemu Try this thread: https://www.nairaland.com/nigeria/topic-79353.0.html |
| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 7:13pm On Jan 09, 2008 |
Daily bid position:
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| Investment / Re: Stock Market Tips For Nigerians by NBA(m): 4:27pm On Jan 09, 2008 |
kpineo:@kpineo Got the email. Not sure what their game is. Anyway, I am done with the frenzy. |
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