₦airaland Forum

Thanks a lot Mcy, you won't believe that it is even cashcraft that has some of the historic (older) ones. The others seem to start from 2014.
Your response was timely, good to know my question came just when you were on a research.

Mcy56:
Answered here before. See quoted post above.
You asked around same time I stumbled on the post while searching for a shared info.

Think someone also mentioned investing.com or so.
You can see it at cashcraft.com also......though not been updated in recent times.

Thanks a lot.

emmanuelewumi:
Very good point to start from.

Get the companies and get across to their registrars, you will get the capitalisation history and dividend history for as long as possible

The closest I have gotten is 2014, nothing earlier from my search so far.

emmanuelewumi:
There are about 40 companies that have been growing and consistent with dividend payments for more than 5 years which Pension Fund Managers are permitted to invest in.

You can do a Google search

I am unable to locate this. I am really sorry to bother you.

emmanuelewumi:
Nigeria Stock Exchange website.

Look at the companies under the Pension Fund index

Sir, please where can I get data on stocks that have been paying dividends since 2005 and the amounts?

emmanuelewumi:
...

So Dangote is getting loan from you at 5%, which he will use to make about 20%

Who has any idea where one can find history of dividends paid in Nigeria since 2005? Any website one can find such info?

If you remember Barry very well, he said he will continue with TB even if it is 1% that he will only consider bonds next year.

I think this thread has grown up to a point where we all now have to be extra careful. Everyone is now claiming expert, 1B, etc.

Barry is also a simple guy not necessarily interested in quick get rich schemes, so this Ray guy's sounds like an impersonator with regards to his claim.

Grupo:
That's truly Barrytone. Watch his typing pattern. You will decode.

Anyone can claim anything, I saw that response before I made my comment. If you remember Barry very well, he said he will continue with TB even if it is 1% that he will only consider bonds next year.

I think this thread has grown up to a point where we all now have to be extra careful. Everyone is now claiming expert, 1B, etc.

Barry is also a simple guy not necessarily interested in quick get rich schemes, so this Ray guy's sounds like an impersonator with regards to his claim.
Of course I know Ema is a conservative investor.

Grupo:
A lot has been happening on the thread lately, I must say.

I'm sure Oga Emma would never do that. Many of us still look up to him. At least, I trusted his words and opened an investment one account for VGIF.
[b]
As for Barrytone, he has confirmed in a subsequent comment that it's his new username. [/b]I feel he wants to take a risk with MBA forex since Tbills rates are very low now. Sadly, he's getting in when the party is almost over.

My first thought was that it was Barrytone, but Barry does not seem to be someone to take a Forex risk, someone that would not even go into bonds. That reasoning made me decide the two personality are not in tandem, but the drama of this morning where a similey respectable moniker on this thread came in another form to be throwing insults left and right means one can no longer fully know who each personality are.

Too many confusing double monikers nowadays

The day oga Ema will come with another moniker to start promoting ponzi schemes is the day I will hands up fully and give up on humanity, for now, I am still holding on to a thin thread

Grupo:
Barrytone, is this your new handle?

Lol. You can't hide.

This type of battery connection always confuses me when I see it. Each battery has 6 terminals, how does that work?
Do you have a drawing for it?

GeorgeD1:
in conclusion, while i'm reluctant to change a winning team (obviously lead-acid has served me well),
i'm open to new technology and definitely lithium will have a major part to play going forward as a
next steps towards acquiring even more storage as i continue adding power guzzling creature
comfort equipment to the house.

Not exactly so sir.
It will take the worse of events for all 7 banks (in this case) to go down at the same time. The reason I suggested this is to reduce exposure, not to eliminate it. Apart from banks going under, these days when you have hackers looking for accounts, you still have to reduce your exposure so that they dont wipe you out if you have just one account. If the bank that has your 200M goes under, you may still have your 800M across other banks, Anyway, I am only speculating.

As oga Ema has suggested, follow the news of your bank to know their state at each time to avoid stories that touch. But I imagine a bank going through tough times will find it very hard to release your 1B to you, even the 200M go hard them sef.

XiaoLi:
At the bolded, this amounts to keeping the funds in 7 banks, assuming the 7 banks close you will get 3.5M from SEC, It doesn't worth the stress.

200M x 3, 100M x 4.
or 200M in USD, 200M x 2, 100M x 4.

XiaoLi:
Tell me how you will spread for an example 1B in Nigerian banks to reduce the risk.

Why do you say so, I can argue that it is actually more impossible for someone controlling very little cash as it becomes impractical to have them spread across many accounts.

XiaoLi:
This is almost impossible for someone controlling huge amount of cash.

I agree.

I wonder which is more pain, shareholder or depositor. But for shareholders, don't they move them to the new investor?

emmanuelewumi:
Instead of customers losing their deposits, it is shareholders that will lose their Investments

What are those signs to look at for?

emmanuelewumi:
Not necessary, a bank won't go under overnight, the signs will be their minimum of 18 months before it goes down.

CBN is doing a good job about, instead of banks to go down CBN will sack directors of such banks based on distress that can be detected from their financial reports and other signals of insolvency

You are right sir, since the bank consolidation by Soludo, no bank has gone under with public funds. The worse that happens is take over.

One of the reasons I take so called experts with theoritical solution's opinion with a pinch of salt is that there was a compelling argument against it then by many financial experts, yet it turned out to be a good thing.

emmanuelewumi:
When was the last time a bank went down in Nigeria and customers lost their deposits?

That was more than 20 years ago, please correct me if I am wrong.

Not referring to Microfinance banks ooo

In the alternative, have a maximum for each bank account by having many other accounts to reduce exposure and have risk spread.

emmanuelewumi:
The highest you can get from NDIC is 500k if a bank should go under, thank God for CBN that did not allow the like of Union Bank, Oceanic Bank, Intercontinental Bank, Bank PHB, Skye Bank etc to go under.

Rather CBN tookover the banks and allowed other Investors to recapitalized the banks, all most bank CEOs and directors would have preferred insolvent banks to go down than to be taken over by CBN.

Any bank customer with substantial funds should always monitor the financials of such banks.

Alpha Merchant Bank went down more than 20 years ago, depositors are just paid which is maximum of 500k

You will have a hard time convincing us otherwise.

This screenshoot between lzyyoot and MrTrans was responded to in the first person by Mrs Ezinne. Truth is, we all have a right to different monikers on nairaland, even the best of us will slip up at some point. But don't be ahib's friend when you wear ezine costume and his enemy when you wear lzyoot costume, we like to know our friends and our enemies, frienemies are too complex to deal with.

Lazyyouth4u:
Oga I am not that lady. That is your friend mr trans or whatever trying his best to discredit me . Anybody that believes me and the lady are the same is surely a very big idiot. I have nothing against mr Ahib and think he’s a great guy but that his post was not in good taste and I said what I had to say. Oga Ahib abeg no vex sir

You have to understand the difference here, it is not the banks themselves that are marketing it but fund managers who get some sort of commission for each person who invest through them. This is very different from those ponzy schemes.


How come I never heard about this MBA forex sef?

juniorrate:
for the bolded, how did you see Investment-One Vgif been marketed by some here. also some pples were marketing Skye Bank fixed deposit here before they were merged with Polaris Bank

This is really strange, her first post here was to attack ahib using the lazy yoot personata, but her real ezinne personata has solicited for ahib's help in the past. Conglomerate, na u I go blame for this changing of personata and moniker at will. U have tot people bad thing.
This is so shocking to me o.
Abeg Osy, where u for see her curves, I wan follow crosscheck.

ahiboilandgas:
[/quote][quote author=Lazyyouth4u post=93554656]Boss, did you go to a school better than a mushroom university? I always struggle to comprehend your posts because your writing is honestly not the best. I never mentioned it because I assumed you were illiterate to be honest and I didn’t want to sound like I was making fun of an illiterate that was doing well in life. But to see you calling an African University a mushroom school makes me want to know if you even went to a university. If so, please state your alma mater so we can avoid that school.

ositadima1:
Are you same as Lazyyouth4u ? With all those nice curves on you I think u are more than capable to run ur finances.

Thanks.

I just read it, it does not seem like a definite plan yet. When government wants to do something, they do it and throwal face but when testing the microphone, they come up and share plans such as this with the public.

My fingers are crossed though.

NL1960:
https://nairametrics.com/2020/09/10/fg-to-give-up-majority-stakes-in-its-4-refineries-to-be-privately-managed/

Oh thanks.

emmanuelewumi:
It is on Nairametrics.

Do you follow Nairametrics on Twitter?

lol... u are a wicked sombori.

Ironically, I have been trying to remember what side of the argument I was then, but what ever side I was, reason should have prevailed by allowing the sale to stand even though I know that OBJ waited too late to the last minute of handing over to sell it.

The second thing that should not have happened in that same 2007 around same period was the nonsense power sector probe. It was ill timed and partly responsible for the poor power situation today.

NL1960:
I will even support the FG to sell each for N1. The sale reversal of 2007 was a great disservice to this country.

Even if it 200 thousand naira they want to sell it, they should sell it.
That 2007 reversal was disastrous, one of the things I wish never happened.
If you have a link to the news, I go like read am abeg.

emmanuelewumi:
Will be sold at scrap value, the technology is outdated.

51% share was sold for $1billion by Obasanjo in 2007, before NLC led by Oshiomhole asked Late Yar Adua to reverse the sale which he did.

In the 2019 annual report of one of the refineries, a total of over N20 billion was paid as salaries in a company that did not generate revenue and did not make profit

It this is true, I will be more than happy. Oga emma, I never see this news anywhere o.

emmanuelewumi:
This is breaking news. FG to sell its shares in the 4 refineries.


Definitely the group of investors that will buy essh of the refineries, will invest more than N1 billion.

If they get it right they should make huge profit from the investment.

Sir, I wouldn't dare do such a thing sir, but the person I am responding to has consistently said that he doesn't really need the money, he just wants to build a credit profile, so I was only asking him if losing 26% is worth the risk.
I can't remember him ever saying he needed it for business, if you did, kindly draw my attention to it.

Kendumazy:
If he's a need for it and a viable business. There's nothing bad in taking it. We win some and lose some in life. That someone took a loan and things got bad for him doesn't mean the other party will experience such as well. Many businesses out there survived on loan and they are doing fine in as much as its okay for them. Don't make it sound as if taking loan for a business or personal thing is a bad idea sir. In as much as its okay for the the person. It's up to the collector! I come in peace!

I always find the use of monthly rate as deceptive. That 2.2% will translate to 26.5% PA. That means, a 10M loan will have an interest of 2.5M. Is 2.6million lost (imo) a good way to build your profile?
Like someone rightly said, you probably would be building your debt profile and not your credit profile.

chidekings:
I don't have need for it,clarified it's 2.2 percent monthly

This sounds like 10 percent PA.
What do you want to do with the money, will it just be sitting in your account unproductive?
Can you pay back the loan with your salary or income source within the period of the loan or you will just help them keep the money (in their bank of course) and return it with interest at the agreed time?
If you have other means of paying, you can invest the money in the stock market, spread it between Zenith and GTB. I believe those stocks as at the time of writing this post are good stocks to have.

chidekings:
according to them,the 2.5 percent is for the 3months duration of the loan

I though more people try to drink away their sorrows when depressed and have no money, has the economy made more people repent?

Willie2015:
Am not a fan of investing
in the brewery sector...
In dis challengin period ...
While I agree with Guinness is a leader in the spirit segment....
D tremendous upside may actually be a mirage....
Cos of the 14% increase in excise duties to ₦20/l for Spirits ....
Another factor is also the dwindlin consumer disposable income....
Plus the current tight credit policy stance...
Which will affect sales revenue....
Its a long, tough and rough road ahead for Guinness investor...

Even bonds are now this low
Ahib must not be allowed to see this. Seriously, don't tell me this will also be oversubscribed.

DInkMan:
September 2020 Federal Government of Nigeria Savings Bond (FGNSB) opens today , 7th September 2020 at the following interest rate:

2-Year FGN Savings Bond due September 16, 2022 at 3.501%.
3-Year FGN Savings Bond due September 16, 2023 at 4.501%.

It is a low risk investment for intending investors.

Okay point noted. Vessel I believe since the discussion is crude.

TransAtlanticEx:
Loading is the term used from nozzle to tanker.
Export is a very generic adjective.I was being very specific.

I do not even think we use the word load, I think it is export. To the best of my knowledge, Nigeria uses the export line at Excravos. Conoil and
Midwestern are the other company that I believe have export license, the others have to use the gathering facility owned by NNPC for export.

Never ever heard this his type of deal though.

TransAtlanticEx:
The position you hold no really matter much to me,honestly.
Lift is a term used to describe moving crude from the reservoir hundreds of meters beneath the surface to the surface,any oil and gas player knows this.
"Load" is the term you should have used
I still ask you again,why would a company that want to buy crude send just a single person to Nigeria who they might probably fund before product arrive their storage facility,risking them to advance fee fraud and hidden charges when they could just meet crude brokers and pay after delivery?
What was your advantage over others?
Unless of course you were sent to buy stolen crude,this your story sounds very illogical to me.