₦airaland Forum

presiade:
Have you done this before? I need experiential response. Thank you!

I wouldn't have answered if I haven't done it. I credit my stockbrokers with all my bank accounts. Only one is associated with them.

presiade:
Hi guys, does anyone know if Morgan Capital allows sending funds into one’s trading account from a bank account other than the one associated with the trading account? Thank y’all.

Answer is yes. So long as it's the same name. Don't send from a third party.

Sunrisepebble:
For those that followed me to buy at N9.2, I’ve exited my 2m units of CWG between today and yesterday.

NFA/DYOR

Integrity

megawealth01:
They gat no choice than to surrender

Peace is needed in that region. But they are w-r-mongers. I read they still fired after the fact.
Fingers crossed.

mikeapollo:
Has Iran accepted to cease fire? That would be the biggest blow to Iran and a clear evidence of eating humble pie.
To agree to a cease fire after top your military officers and installations, airports, air defense systems etc have been wiped out by Israel in just 11 days.
So what has Iran achieved in this war? Let us even isolate the bombing of the Fordow nuclear site by US and focus on the exchange of fire between Israel and Iran!
Israel has definitely done more damage to Iran
And I doubt if Israel would allow Iran to rebuild those military infrastructure. They would monitor and bomb any attempt to rebuild them just like what is happening to Syria,

Having mentioned all these, what would you have advised them to do? Continuing would have been counterproductive.

yMcy56:
Gina, CP gave a stock, you didn't ask for 2nd opinion before selling it......lol
So also Oga WanajO, Oga Oracle, Oga Emma, OGG, also adding Aj8
* We don't call them Oga for nothing....

CP's bedsheet na wizard 😁

Oga Wanaj doesn't recommend stocks, but if at all he should give you one, just go and buy and forget your portfolio password 😁
* Can't forget this PRESCO and GTB @23 so easily.....even though I no get them o.

Oga Oracle and Oga Emma are on a class of their own.

Too much of women matter dey affect Agba in his own case.....

Mr common sense entry/exit......much respect.

Na gambling no make I mention Megawealth and Loco. 😁

You too sabi these our Ogas 100%

EDUECO:
Is it not USA that is destabilizing other countries?

The USA and Israel have caused more conflicts than Iran.

Lybia, Afghanistan and Iraq are recent examples of nations the USA has destabilized.

I like how you refused to answer the question of the terror-sponsorship of Iran. It says something.

I know the ills of the US in those places you mentioned and those are well documented.

EDUECO:
The truth is always bitter!

USA and Israel are both war morgering nations; instead of dialogue,both Israel and the USA attacked Iran.

I believe they have met their match; unlike in the case of Palestine.

Instead of Dialogue you said...but the Iranians refused to come to the negotiation table (Trump said he gave them 60 days which expired).

Also, you didn't say anything about the groups they have been sponsoring to attack the two countries.

edwardaigb:
Help a brother please.
still asking duration for withdrawal, I don't know if the new withdrawal have taken effect

Three business days after you sell the shares. I suppose you can withdraw from the 4th (3rd?) day.

toyeoye:
The bell just rang! 🎯
Early movers on the pitch:
🟢 Oando leads with a 6.18% sprint
🔴 AbbeyBDS takes a tumble at -9.91%
Action is heating up...who’s holding strong, who’s slipping?

📊 Catch it all live on StockBubbles.

Try logging the actual price of these percentage changes to the frontend, should be smaller than the % but there for reference. A Suggestion.

Jeoma2024:
Which is NIBBS form please

Read below guide and follow through:

https://contactcentre.nibss-plc.com.ng/support/solutions/articles/47001254731-e-dmms-user-guide

Jeoma2024:
I bought some Nigeria stocks around February with Afri invest app

Wapco
Nem
Aiico
Gtco
Jberger
ZENITH
So far I have received dividend from
NEM
AIICO

And from what I saw read, GTCO AND ZENITH had paid but I didn't receive mine


How can make complaint

Should I complain to AFRI INVEST or is there other way to do this please

I started buying stock this year so I don't know much please

Help a sister please

Search for the registrars of the various companies and fill their Dividend Mandate form.

Alternatively, fill the NIBSS form.

Firebox123:
afrinvest are scam

If you see actual scam now you won't know. You will go there and invest N5m to get N7.5m in 30 days.

Agbalowomeri:
Nibo latun jasi o

I be analogue o

Lati ehinkunle sir

VPNs have been around for a while

Agbalowomeri:
Yes I don't understand why these platforms suddenly develop this wahala

For United securities, it is MTN and Airtel that are bounced; you need to use other network providers

You can use free VPNs to bypass these network restrictions.

zendi:
Fidelity should pay the court judgement, collect the proper rent from GCapper from the day of foreclosure, to reduce their loss. Thereafter throw GCapper out of the building and hand
it over to the buyer

Is it not simple?

How credit worthy are the debtors and how willing will they be to pay the accrued rent, given their precedence?

Has the court finally issued the eviction mandate?

Some of these legal fights and uncertainties make investment in that sector (real estate) very stressful. Imagine tying one's capital down on a disputed property and still be paying legal fees on top. Plus possible judgments against you in the future as is the case of Fidelity.

ndept:
The Fidelity Bank Palava:
1. Parties Involved:
☞ Fidelity Bank (absorbed FSB International Bank in 2005)
☞ G. Cappa
☞ Sagecom Concepts

2. What Went Wrong?
☞ G. Cappa borrowed money from FSB International Bank but defaulted. The loan was backed by a property in Ikoyi.

3. What FSB Did
☞ FSB sold the property to Sagecom Concepts after winning a legal dispute allowing the sale, but the Federal High Court did not order G. Cappa to vacate. Instead, the court referred the matter of eviction to the Lagos State High Court. G. Cappa continued occupying the property.

4. The Legal Battle
☞ Sagecom Concepts sued Fidelity Bank (FSB’s successor) over possession of the property. In 2018, the Lagos State High Court ruled in favor of Sagecom. Fidelity Bank challenged this at the Supreme Court.

5. Settlement Issues
Fidelity Bank now agrees to settle Sagecom, but confusion exists over how much Fidelity should pay, due to currency valuation differences:
2005 exchange rate: $130 million = ₦14 billion.
2018 exchange rate (when the trial began): ₦31 billion.
Current exchange rate (~₦1,600/$): ₦220 billion+ (not applicable according to Fidelity Bank).

6. Current Situation:
Based on legal precedent, Fidelity Bank argues that the 2018 rate (₦31bn) is appropriate. The bank has requested that the court clarify the exact applicable amount. The issue remains in court.

7. Fidelity Bank’s numbers (FY 2024)
☞ Total Assets: ₦8.8 trillion
☞ Cash Position: ₦700 billion+
☞ Net Assets: ₦793 billion
☞ Gross Earnings: ₦1.1 trillion
☞ Profit After Tax: ₦278 billion

culled from another platform

So Fidelity sold a property to a firm and court was pending the vacation of the occupiers.

The buyer sues Fidelity.

Court rules in favour of the buyer.

QUESTIONS

1. What delayed the issuance of an order to vacate by the court?
2. If ruling is yet to be made while the matter is still in court, are the buyers allowed to sue?

I am totally in support of the buyers here. I cannot buy your property and still be waiting to possess it for apparently indefinite period.

Agbalowomeri:
There were other supportive observations to the call. For example, it was still within the resistance level in the previous close but has now closed above the resistance level as well as above the cloud.

The resistance is around 687?

Agbalowomeri:
Technically, the index just broke above the Ichimoku cloud on the daily. I expect decent gains in the short term

Why did you take note of today it completely traded above the cloud, when yesterday, it closed above it too?

chimex38:
Wisdom is profitable to direct

https://thesun.ng/afex-gtb-rectify-n17-8bn-legal-dispute/?amp

Have they settled with IVM Motors?

freeman67:
I think so. I was later paid that yesterday.

Good. The problem is the lack of clarity on how they run those securities now.

Agbalowomeri:
So NB has done over 50% in one month?

NGX wonder

Megawealth01 wonder

otomatic:
Wapco dividend has landed

Received too.

Mpeace:
It might be a warning sign. I remember earlier this year someone told me that with the rates being offered and the numbers being subscribed, Nigeria has a huge chance of default in settlement of maturing Tbills and bonds.
Last year they paid almost 6 Trillion to banks alone apart from local and foreign investors https://nairametrics.com/2025/04/28/nigerian-banks-earn-n5-93-trillion-from-investing-in-treasury-bills-omo-bills-others-in-2024/
Just 8 banks have N41.7trillion investments in government securities https://www.google.com/amp/s/punchng.com/access-zenith-six-other-banks-grow-investment-securities-to-n41-7tn/%3famp
How do they want to settle all these?

No wonder the subscription level for these securities are reducing.

I think the dwindling subscription is because the rates have also started coming down.

As for defaulting, it is still inconceivable they would default on local-currency-denominated security like TBs and FGNSBs. They will just print more money.

freeman67:
Congratulations to you. I am yet to get mine. Its for May 2027.

They should be the same offering, this was the only one I chose the 2-year tenor.

You may be paid today.

freeman67:
Yes ooo. No government investment proceed is paid at maturity anymore. The worst of them all is that FGN Savings Bonds. Imagine they've not deem it fit to pay customers for the coupon due on the 15th of this month yet today is 19th.

Got mine today; almost the time I made that post. I think it's for May 2026.

otokx:
You can say it again, fixed income has turned to variable income.

All my FGNSB monthly coupons started getting taxed a few months ago. I thought the one time was an anomaly and ignored, also the second, third... Alas, it's been normalized, quietly.

I think taxing is not bad, especially if they are channeling it in the right places. But one of the fundamental characteristics of taxation is transparency. There was no info, no notification, nothing.

In somewhat unrelated news, not only has the FG normalized not paying coupons on the exact maturity dates, they have quietly normalized collecting taxes on previously tax-exempt securities.

emmasoft:
@Loco have read your post and comments from others, and sincerely, it's my first time to know about the restriction. Perhaps the clients I introduced have not placed such a single trade.

However, I contacted one of the management on the matter, and was told that it was placed on all customers' accounts as a measure to safeguard their accounts based on some ugly experiences that they had with some accounts. SEC is aware, too.

It was also clearly stated that any client/customer who wants to place a single trade of such amount is free to do so after instructing that his/her account should be expanded without any restriction.

So if you wish or know that in the course of your trade, you can place such a quantity or more on a single trade, you are free to do so.

On the issue of commission, it's very flexible. It depends on the amount involved. As we speak, there are customers for whom negotiation of less than 1% commission is used. It all depends on your volume. Commission can always be negotiated.

Please note that Ione is there for you and promises good and excellent service always, and your patronage is appreciated anytime.

Thank you.


PS. I beg make una help my ministry o, open your account and trade without tears!

Using one liner like Oga Agba, Loco was right, in simple terms.

Ibrahim505:
i followed all the due process with morgan capital to claim my Zenith dividend but veritas kept frustrating the process. I sold all my stocks in their register and ignored the unclaimed dividend. Any stock in veritas register is a no for me-they can cause volatility in your blood pressure!

I did not have all these issues with Veritas. I just visited Zenith bank, got the form, filled and submitted to them.
I used Zenith bank account, thus I am among the first to be paid each time.

My younger sister did the same but didn't get for two years until this year when I returned and asked her to repeat the same process, fill the one on NIBSS portal and also send Veritas a filled and signed E-mandate form via email. One of these processes apparently worked because, without doing anything else, she received this year's and previous years' payments.

megawealth01:
AGBA has already given an hint into the future of NB for the discerning... If you have been long in this game you'd know better too...

The BREWERIES from NIGERIA is doing well now ba?

DYOR

Bought that thing at 34.8 after your call and my subsequent little DD

yMcy56:
VFD Vs. UCAP
Which is better........and, in terms of what and what?
Lol.
VFD @17.90
UCAP @19.00

NB
@49.90 intra-day......
Waiting for official movement ........@49 officially.....

CADBURY
Full bid @35.05

NB officially moved to 49.00 at about 11 hours 19 minutes 15 seconds

Similar QTY (125k) moved later at 11.23.57.

That's after moving repeated and suspicious 85k units