 Satellite TV Technology › Re: Solar Energy, A Complement To FTA by ojesymsym: 4:31pm On Aug 24, 2020 |
No sir, no relations at all. earthrealm:
Ooh, i tot this was tour alternate for when the bot strikes |
| Satellite TV Technology › Re: Solar Energy, A Complement To FTA by ojesymsym: 4:11pm On Aug 24, 2020 |
Are you watching the economics of your constant fiddling or is the renewable addition stronger than the need to watch the ROI? ojeysky:
0 eight 03 063 3202 Dan is the name. Would have some LFP for sale when am done with my planned upgrade |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:40am On Aug 24, 2020 |
I think I like this idea. I remember that Gani's Will being discussed. It was when we dived into spouses remaining at a person's demise and then the new partner mismanaging the funds. It was really an interesting read then. I believe if I compile the discussions we have had here and compile into a book, e go sell o. lol Thanks oga Emma, you are truly gem. What is your opinion on Seplat, is it present price of less than 385 an opportunity that does not come everyday, or still overpriced or not a good company to invest in? emmanuelewumi:
You include it in your will, so everything will automatically be transferred to the Trust. You can include in your will, for the Trustees to keep on managing the Trust for the next 20 years, till your last born is 35 years old or any specification you want
Read Gani Fawehinmi Will to understand the instructions given to the Trustees in the will
Funds and cash flow from the Trust account will be used to pay the children school fees, maintain the property, make further investments , start up capital for the children and also give allowances to the children and loved ones
We have FBN Trustees, United Capital Trustees, Custodian Trustees etc. They are regulated by SEC and also expected to give regular reports about the running of the Trust account.
I once shared the story of a guy who got N4 million from the Trust account set up by his late father. He used the fund to start a real estate and construction Company about 20 years ago after he graduated from Yaba College of Technology. This gave him a headstart and has been able to grow the business to a multi million Naira enterprise |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:11am On Aug 24, 2020 |
Sir, how does this work? Do you handover control to them? As in, can I still decide what shares to buy or sell, or they are basically in control of that like a mutual fund is? emmanuelewumi:
Or transfer your Investments and assets to a Trust account, managed by SEC approved Trustees |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 10:15am On Aug 24, 2020*. Modified: 10:58am On Aug 24, 2020 |
Another good approach in all of these is to register a business name and use that name for all your business transactions. You can use it to buy shares, build houses, real estate etc. Because a business is believe not to die a physical death, it is the best way of transferring wealth across different generations without paying that inheritance tax. All you need to do is just keep making the descendants partners in the business and signatory to the accounts. This can go on for ages, just remember to be paying your taxes though which I believe will not be too much. emmasoft:
Yes there is a percentage to give to the government but I can't say exactly the rate. For the duration it takes, it may be more than what you stated.
Sincerely most people that have had the experience their comment is it's not easy is always the case but it's possible and doable. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 8:15am On Aug 24, 2020 |
Yes boss, very true. What I was hearing for the first time was the conversion to estate account. Perhaps you can help throw more lights on that. emmasoft:
Thanks for sharing. This has confirmed all we have said. Anything that has to do with our loved ones who are late as regard claiming their holdings in any company starts from the WILL they left behind or letter of administration |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 7:56am On Aug 24, 2020 |
Folks, with regards to shares from our forebears who are no longer alive, this is the response I got from CSCS on the subject matter. Dear sir/ma'am,
Thank you for contacting CSCS customer service.
With reference to your request, kindly obtain the letter of administration and contact the stockbroker/ any of the stockbrokers where the stocks are housed.
The account will be converted to an estate account and the administrators are to manage the account(s) on behalf of the family. |
| Technology Market › Re: House Clearance Sales.. Come In Here!!!! by ojesymsym: 1:09pm On Aug 23, 2020 |
I hope you are a share holder with Philips, you should not be a good customer without getting something back from them. gnaira:
Good afternoon.
Thanks for the calls and whatsapp messages.
Some items are still available for sale.
Interested? please, call or whatsapp 08068624952, 08028923149
Location: Car Wash, Oworonshoki, Lagos State |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 10:27am On Aug 23, 2020 |
From around 2007, you could only buy a stock when you have a cscs account, in all of such any share you buy or sell, you get sent an SMS to alert you of sales. FlashDboy:
Good morning gurus in the house. Thank you for sharing the shares link.
Please I need help on this; I bought some shares with Gtbank and the then Allstates bank . For each purchase I did not receive any certificate and I did not push to get them. Though I made attempts to get them but other things took my time. I searched the link but my name is not found.
What could be the problem?
Also, how do i go about reclaiming the shares?
Thanks. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 12:27pm On Aug 22, 2020 |
Oh okay. Most I have dealt with have always accepted my scanned copy. Entering the bank nowadays is a day's activity, so I am for anything to avoid it. emmasoft:
No my brother we are saying the same thing. dividend mandate can be submitted at the bank or to the registrar that is what is obtainable right now. More so some registrars don't honour the scanned copy especially if first time. They prefer it coming from the bank or you going to them. I suggested the bank in case if it's difficult getting through to the registrar the bank becomes the best option. Going to the bank is not for the document to be signed but to be submitted. The bank then upload it to the common portal where the registrar have access. same thing if it's the other way round |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 12:13pm On Aug 22, 2020 |
Ema, I think you are wrong here. I am not sure that step of going to get signature confirmation from the bank is still a required step. For those who the owners of such shares are still alive, they only need to find out who the registrar of that particular share is (Google will help here), download the e-mandate form, fill it, scan and send to the email of the registrar gotten from their site. emmasoft:
On behalf of oga Emma; Here is what to do:
Download the respective e-mandates from this link
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/
Your dad takes them to his bank and submit. All things being equal ie no signature issues, the dividends not later than 12 years will be credited to his account. If otherwise the respective registrars will advice on the way forward.
N.B: For DFM your dad is getting a pay off not only dividend because Olam already bought the coy over and it has been delisted from the NSE |
| Satellite TV Technology › Re: Solar Energy, A Complement To FTA by ojesymsym: 12:58pm On Aug 21, 2020 |
I am thinking, perhaps you want them to only be able to power their lights, charge phones then maybe you want them to only have about 200W, in that case you may be needing a CB of 1A for 220W at 220V, I wonder if you can get that in the market. kadorzy:
Good day great minds.
I need to extend power to an apartment as a matter of urgency, but I don't want to leave any thing to chance of abuse. Is there any form of control I can implement to limit their consumption if by chance they abuse it?
Thank you sirs |
| Technology Market › Re: House Clearance Sales.. Come In Here!!!! by ojesymsym: 12:45pm On Aug 21, 2020 |
Any clearance sales for office table? |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:57am On Aug 21, 2020 |
Oga, if it only transcorp, I suggest you just snooze. I bought Transcorp IPO around 2006 because I wanted to be a part owner of Nitel with my small savings that year, today, the value is not worth the pen I used in filling the form. GhostderGeist:
This the company mine has in "Transnational Corporation of Nigeria Plc". Is there a chance the dividends is been paid consistently? As I wouldn't know, one of my older siblings took up his bank account for his own use after his demise. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:45am On Aug 21, 2020 |
2016. True, if it is stated as unclaimed in that link, then it isn't been paid then, hopefully. emmanuelewumi:
When did he die?
If the money got into his account it won't be classified as unclaimed |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:39am On Aug 21, 2020 |
Anotherpossibility is that, it is possible the money has been going into his account though. emmanuelewumi:
Julius Berger and Nigeria Brewery have been consistent with dividend payments |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:33am On Aug 21, 2020 |
No sir, we would not be having this discussion if he was. That is why I need to transfer ownership to us. He did digitize (I think that word is dematerialize) them at some stage. I have access to his CSCS number emmanuelewumi:
Is he still around |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 11:02am On Aug 21, 2020 |
From that link, he had with UTC, NB, and JB. I remember when growing up, we used to get annual reports of those stocks. emmanuelewumi:
Which of the companies do you have outstanding dividends with |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 10:50am On Aug 21, 2020 |
Thanks, I use morgan, perhaps I will start from there. emmanuelewumi:
Meristem Registrar and Probate, GTL Registrars etc will be of assistance |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 9:56am On Aug 21, 2020 |
That is good news. But I guess it will still involve the rigorous process of getting letter of administration right? emmanuelewumi:
You can do it yourself or through your Stockbrokers. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 9:51am On Aug 21, 2020 |
This is some good news, how did you go about this? XiaoLi:
You can search and retrieve/claim your forgotten stocks/shares and that of your deceased loved ones through below link, someone shared it here before and im glad i was able to use it to retrieve some forgotten shares of my family members so i feel like sharing it again to help new members or those who might need it.
http://sec.gov.ng/non-mandated/
Goodluck! |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 9:23pm On Aug 18, 2020 |
Number 1 and 2 are suspect and incorrect if you ask me. Sholapey:
To my understanding, for those asking for security of investment of their investment in Stock market, Bonds and Treasury Bills Investment. Invest wisely by doing these three things.
1. Determine the amount of money you CAN NOT afford to lose no matter what happens. Invest that amount on Bonds and Treasury Bills. For Treasury Bills, when you get the upfront interest, re-invest it for compound interest.
2. Determine the amount of the savings you CAN afford to lose or risk. Invest that amount on the stock market, make sure you buy stocks with good value and your objective should be long term.
3. Invest in your personal finance know-how (Financial Literacy). Go read up Usiere Uko's "Practical Steps To Financial Freedom and Independence" and Tony Robbin's "Money; Master The Game". Read up ASSET ALLOCATION in these books as many times as you can until you understand it fully.
This number 3 is the most important. Do not do anything if you have not done this.
Also remember the 3ps of your business objective. Plan Price and place.
Stay blessed! |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 4:18pm On Aug 18, 2020 |
We have had this discussion here about the people and HR in Nigeria being a major problem, some put it down to poverty and hunger, but as far as I know, on the poverty index, we are far better than Zimbabwe yet see the experience of this person in a poor country like Zimbabwe. Vixlot:
My Experience in Zimbabwe.
I did something in Zimbabwe and I am wondering who will be stupid enough to do such in Nigeria.*
We hired a car (Hyundai Elantra 2018) from Europcar for six (6) months. On my departure day, I drove it to the airport, but the car hire office was closed. My flight was just two (2) hours, so no chance of taking it back to town.
While thinking of what to do, a young man (Jack) who identified himself as a staff of Caresafe taxi service at the airport told me that Europcar have closed the office due to Lockdown. He offered to help me in returning the car to Europcar office in the city. All he needed was call credit to contact them.
I gave him equivalent of 300NGN for the call credit. I then parked the car, gave him the key, took a picture of his ID and returned to Nigeria.
By close of the day, I recieved a mail from Europcar that the car has been returned.
Though, I didn't know the Jack and there was no way of tracing him except by his work ID which was not verified, my mind was at rest that he will hand over the car to the car hire. I trusted him because he's a Zimbabwean. He may be extremely poor and hungry, I know he's contented.
Despite the poor economy, people still leave their wares outside on the table till the next day without fear. WHO DARE TRY THIS IN NIGERIA?
This is not about the government or politics, but the people.
These people respect the law. For my six(6) months stay, i heard no single report of crime in the city. The police are unarmed except for stick but are highly respected.
Jack may not even be a christian. I didn't bother to ask for his religion. I didn't trust him because he mentioned the name of a God, he wore collar or carry a holy book . I trusted him because I knew the practice of his people.
If he's my country man, i dare not try that. I wonder how we descended this low as a country.
I have been suspected and severally interrogated just because I carried Nigeria passport.
This has happened in unrelated places, not because of what I have done but because of where I come from.
An officer in Lahore was once suprised he couldn't find drugs on me (a Nigerian) even after rigorous scanning.
Once you identify as a Nigerian, people see you as a potential criminal.
It is time to repair our identity.
We need to work on our value system.
We need to retrace our steps to find where we missed it.
Maybe we can be right again.
- Samkay Olorunsola
https://www.toldnetwork.com/2020/08/13/my-experience-in-zimbabwe/ |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 4:04pm On Aug 18, 2020 |
Just to put it in perspective. A $1k in January this year will be around how much now. This 7% is misleading because per day, the real amount will be infinitesimal. IamR:
It may or may not happen, but it has not gone below 6% since I started. In fact, I have been getting twice of the usual daily interest in the last 5 days. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:52pm On Aug 18, 2020 |
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| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:51pm On Aug 18, 2020 |
The naira end of it is good, CS is also good as everything is online but I am not sure I understand the dollar fund part very well, anyway, make the money de there not like I need it urgently. Rates are not static, but as expected, they are not very high. If u see MMF as a way of savings with interest, you won't be too worried, but if you are like ahib who checks inflation rates, devaluation, naira vs usd and other microeconomics, then I suggest you go into other ventures. MMF is not even a get rich scheme not to talk of being a get rich quickly scheme. tipzy001:
lol, thank you very much sir, how has your experience been so far with stanbic ibtc money market fund and what was their most recent interest rate please? And please I will appreciate your addition about capital preservation.... i will also check out the dedicated thread, thank you |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:45pm On Aug 18, 2020 |
Jeez, I should have done Eurobond. I just checked again, apparently what I have with Stanbic is a type of Dollar fund type mutual fund but in USD. Men that thing craws slower than a snail. IamR:
Not quite long. I was with fbbnquest before i moved the fund to united capital. See the rate as at today. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:31pm On Aug 18, 2020 |
How long have you been doing your eurobond, my own has not moved into the positive spectrum from the bank charges since the beginning of the year. Stanbic then increase the money one can subscribe which means I have to be looking at that one there for as long as possible. IamR:
lol
I am very pleased with my Eurobond Fund with United Capital. |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 3:20pm On Aug 18, 2020 |
There is a dedicated thread for MMF, if you have entered that thread and customer service response was your priority, then I am not sure you would have typed fbn not to talk of typing it in full fbnquest. Except they have changed. I have not united capital experience, I think oga Emma uses them. for some strange reasons u did not even add stanbic ibtc as an option. Anyway, that thread will serve you better. They are also matured there. tipzy001:
Good day guys, it's been long since I last posted here but I've been following up with the thread and I've gained a whole lot, thanks to everyone.
I'm about to go into money market fund with a few millions and my two options are united capital and fbnquest, which among these two have better customer service response? As that is very important to me. Also hope my capital is preserved with money market funds?
PLEASE I will appreciate response from anyone that is using either of the two management mentioned above. Thank you |
| Technology Market › Re: House Clearance Sales.. Come In Here!!!! by ojesymsym: 2:31pm On Aug 18, 2020 |
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| Technology Market › Re: House Clearance Sales.. Come In Here!!!! by ojesymsym: 2:18pm On Aug 18, 2020 |
Serious  Why do you think so, but I think there are many of them selling their bikes though. mayskit4luv:
Scam! With today's registered Moniker! Try harder |
| Investment › Re: Treasury Bills In Nigeria by ojesymsym: 1:03pm On Aug 18, 2020 |
Madam Shola, it is not possible for Nigeria to have one of the weakest currency in Africa. Sholapey:
NIGERIAN NAIRA FAST BECOMING THE WEAKEST CURRENCY IN AFRICA....
South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable exchange rate than us.
Is Nigeria still the GIANT of Africa? |
