Afromentalist:

Almost all your posts for a few months are about promoting branch and helping others get 20% returns. Are you an employee of the firm? Are you so godly that you want everyone to know a good source of income.

This branch you are highly advertising as licensed by CBN, under what terms are they licensed ? Are they recognized as an investment platform? When I read I see fund management which is quite different.

What about Sec licence ?

Lol.

haba bros.... Na only sec dey get licence? Cbn no dey get ni? Ayam not understanding ke? .. Though I'm braced up for this kind if question... And assumption.... But we gather dey.... To carry on with any form
Of investment, investment safety is paramount... You are either licensed by bodies
to do that as a brokerage firm... Though, I've done due diligence regarding that... Cbn shut out risevest, trove and bamboo some weeks back(though still carrying out operations)... To tell you things must be done appropriately... Who am I to promote branch?at least their rates is higher than the S&P 500 of our dear country....

omotola90:
haba bros.... Na only sec dey get licence? Cbn no dey get ni? Ayam not understanding ke? .. Though I'm braced up for this kind if question... And assumption.... But we gather dey.... To carry on with any form
Of investment, investment safety is paramount... You are either licensed by bodies
to do that as a brokerage firm... Though, I've done due diligence regarding that... Cbn shut out risevest, trove and bamboo some weeks back(though still carrying out operations)... To tell you things must be done appropriately... Who am I to promote branch?at least their rates is higher than the S&P 500 of our dear country....

There is a difference between a CBN licence and a Sec one. They are not one and the same thing. You can be authorized by CBN to give out loans, that does not mean you have permission to take be an investment platform.

Just like there are different driving licences epending on the type of automobile you want to drive.

I am not in Nigeria, but from what I know it is the SEC that licenses investment platforms, and as long as that your branch wants to collect capital for a fixed income, the proper license should be that of SEC.

Afromentalist:

There is a difference between a CBN licence and a Sec one. They are not one and the same thing. You can be authorized by CBN to give out loans, that does not mean you have permission to take be an investment platform.

Just like there are different driving licences epending on the type of automobile you want to drive.

I am not in Nigeria, but from what I know it is the SEC that licenses investment platforms, and as long as that your branch wants to collect capital for a fixed income, the proper license should be that of SEC.

bros...scan through the shot far above... It reads cbn licenced finance companies as at June 30th 2021.... If they can't offer investment opportunities won't cbn probe them? There are about 50 cbn licenced finance companies not micro finance banks... Cbn will probe them now if their investment isn't credible... I know it will still come to my branch or whatever.... But I'm braced up for that

omotola90:
ok....branch offers you 20% of your investment annually.... And 20% of any of your investment... Be it weekly, monthly or quarterly. Now, if you fix a million naira with branch, you get:1000000*5÷365×20%=2740... Compounded. . . That's what you earn every monday.... That 5 in the above equation means every 5 days divided by 365 days... As for investors with big sums, follow the process
Above... N. B that's what you earn every monday.... Another thing is that it is very flexible... Investment must be 30 days and above... You can withdraw any time.... For 1000000 naira in 30 days, it will be=1000000×30÷365×20%=16,438.... Any one can quote this post if need be or have any question

Share their website where someone can get more information

Afromentalist:

Almost all your posts for a few months are about promoting branch and helping others get 20% returns. Are you an employee of the firm? Are you so godly that you want everyone to know a good source of income.

This branch you are highly advertising as licensed by CBN, under what terms are they licensed ? Are they recognized as an investment platform? When I read I see fund management which is quite different.

What about Sec licence ?

Lol.

I love this.

akinola98:


Share their website where someone can get more information

App on playstore. I have been using them for almost a year. Very smooth experience and they dont even make noise.

The only down side for me is that I can only send maximum of 100k at a time. I once send 3m to them, they returned it back to my account immediately.

Afromentalist:

There is a difference between a CBN licence and a Sec one. They are not one and the same thing. You can be authorized by CBN to give out loans, that does not mean you have permission to take be an investment platform.

Just like there are different driving licences epending on the type of automobile you want to drive.

I am not in Nigeria, but from what I know it is the SEC that licenses investment platforms, and as long as that your branch wants to collect capital for a fixed income, the proper license should be that of SEC.

Correct.

They need SEC license for fund management and Investments

emmanuelewumi:




Correct.

They need SEC license from for fund management and Investments

Yes, They actually do need SEC license but that does not mean they are out to defraud investors though. They are far from being a ponzi scheme.

^^^ That's my opinion from my experience with them sha.

akinola98:


Share their website where someone can get more information

go to cbn website, you would see a search bar on the website.. Type branch international financial limited... Website:branch.com.ng

OgogoroFreak:
Yes, They actually do need SEC license but that does not mean they are out to defraud investors though. They are far from being a ponzi scheme.

^^^ That's my opinion from my experience with them sha.

I know, but they don't have NDIC coverage.

Finance houses give out loans at between 36% to 50%, they can decide to offer people 20% for them to make use of such funds.

We currently have about 70 Finance houses in Nigeria, we used to have almost 4000 in the late 80s unfortunately they are all dead.


I prefer using Orange One Finance a subsidiary of Investment One Financial Services, they give loans of between 500k to N15 million to individuals and small businesses

emmanuelewumi:



I know, but they don't have NDIC coverage.

Finance houses give out loans at between 36% to 50%, they can decide to offer people 20% for them to make use of such funds.

You are right about the NDIC coverage, I guess.

emmanuelewumi:



I know, but they don't have NDIC coverage.

Finance houses give out loans at between 36% to 50%, they can decide to offer people 20% for them to make use of such funds.

oga Emmanuel, good evening bro,I will still look into the question you threw at me this afternoon... Though I was @ work then.. Now back to NDIC coverage, piggyvest is neither insured by sec or cbn but are NDIC insured. Yet folks out there are with them... With all due respect to the platform, I respect their credibility.... I know folks who are into piggy well and the save enormously there.... N. B I respect this mighty thread and folks out there... The vgifs, sfs fund, zimvest, fbn quest etc(I'm with vgif) emmasoft came through are well respected... All I'm trying to point out is whatever one does or put hard earned money into, due diligence and safety of funds is Germain

OgogoroFreak:
App on playstore. I have been using them for almost a year. Very smooth experience and they dont even make noise.

The only down side for me is that I can only send maximum of 100k at a time. I once send 3m to them, they returned it back to my account immediately.

yeah..update the app to the latest version

emmanuelewumi:
We currently have about 70 Finance houses in Nigeria, we used to have almost 4000 in the late 80s unfortunately they are all dead.


I prefer using Orange One Finance a subsidiary of Investment One Financial Services, they give loans of between 500k to N15 million to individuals and small businesses

i think 94

Modified:there are 94 finance houses as at this day

omotola90:
oga Emmanuel, good evening bro,I will still look into the question you threw at me this afternoon... Though I was @ work then.. Now back to NDIC coverage, piggyvest is neither insured by sec or cbn but are NDIC insured. Yet folks out there are with them... With all due respect to the platform, I respect their credibility.... I know folks who are into piggy well and the save enormously there.... N. B I respect this mighty thread and folks out there... The vgifs, sfs fund, zimvest, fbn quest etc(I'm with vgif) emmasoft came through are well respected... All I'm trying to point out is whatever one does or put hard earned money into, due diligence and safety of funds is Germain

No big deal whether investments have NDIC coverage, SEC approval, CBN approval etc, investors should know what they are putting money in and should be responsible for the outcomes of their actions and inactions.

emmanuelewumi:



No big deal whether investments have NDIC coverage, SEC approval, CBN approval etc, investors should know what they are putting money in and should be responsible for the outcomes of their actions and inactions.

fact....

omotola90:
yeah..update the app to the latest version

All my apps are always up to date. They do update automatically.

Are you saying you can send more than 100k at a time?

OgogoroFreak:
All my apps are always up to date. They do update automatically.

Are you saying you can send more than 100k at a time?

might need to go to Google Play to do that.... You are right though.. But you can now deposit any amount into your wallet for investment using your debit card

omotola90:
haba bros.... Na only sec dey get licence? Cbn no dey get ni? Ayam not understanding ke? .. Though I'm braced up for this kind if question... And assumption.... But we gather dey.... To carry on with any form
Of investment, investment safety is paramount... You are either licensed by bodies
to do that as a brokerage firm... Though, I've done due diligence regarding that... Cbn shut out risevest, trove and bamboo some weeks back(though still carrying out operations)... To tell you things must be done appropriately... Who am I to promote branch?at least their rates is higher than the S&P 500 of our dear country....

In his introduction, he stated that almost all your posts are about 'Branch'. Then went ahead to ask if you work with/for them or you are just a passionate investor. Somehow, you evaded that very important question.

That to me, signifies that you are marketing either what you do not do not understand or believe in.

omotola90:
might need to go to Google Play to do that.... You are right though.. But you can now deposit any amount into your wallet for investment using your debit card

I only transfer to the wema account.

Deposit any amount to your wallet? But the wallet itself can only hold 500k at a time. Are you sure you are using branch? Abi, na small, small money you dey put there?

omotola90:
go to cbn website, you would see a search bar on the website.. Type branch international financial limited... Website:branch.com.ng

Thanks

How is NDIC ever worth considering for ones investment journey. Those mofos only give out 500k right? Even if you invest 10m, so how is that a metric for considering an investment instrument?

OgogoroFreak:
I only transfer to the wema account.

Deposit any amount to your wallet? But the wallet itself can only hold 500k at a time. Are you sure you are using branch? Abi, na small, small money you dey put there?

lol...no sir... I dey put heavy there ooo... You can only send a minimum of 100000 thousand naira to any account...and a minimum of 500000 naira only in your wallet..... But since I updated, I can invest any amount at a goal directly from your debit card.... Formally, I send in 100s of thousand... But now, I just do it direct any amount

Tobex4realTobex234:
How is NDIC ever worth considering for ones investment journey. Those mofos only give out 500k right? Even if you invest 10m, so how is that a metric for considering an investment instrument?

don't mind those NDIC.. How that is a pre-requisite is still baffling.... They only give out only 500000 naira truely..... But no institution has ever run into liquidity...

freeman67:


In his introduction, he stated that almost all your posts are about 'Branch'. Then went ahead to ask if you work with/for them or you are just a passionate investor. Somehow, you evaded that very important question.

That to me, signifies that you are marketing either what you do not do not understand or believe in.

all my post are not all about branch.... Branch is a well known brand hence no need for any aggressive marketing... That was an assumption he made up there and I know someone somehow will want to counter it.... Any one is free to invest in whatever investment but this thread is to educate or to enlighten us one way or the other... We shouldn't loose hard earned money to any blood sucking investee but with a flexible and good ROI...

emmanuelewumi:



I love this.

Now, there are three major type of financial institutions... They are
1.contractual institutions
2.Depository institutions
3.investment institutions
Now, for contractual institutions, we have(insurance companies and pension funds)
Depository institutions we have(credit unions, mortgage loan companies, trust companies and our banks)
Investment institutions (investment banks, underwriters and brokerage firms)
Cbn released a statement of pertaining to illegal trading of stocks on some platforms.... Cbn is a mighty regulatory body as they are into monetary policy of the country, hence making decisions on control(projection of cash flows in a country) ... For you to carry on any investment or anything, there will be a moral check.... You can't go wrong on that in any form.... Referring to the afro man

emmanuelewumi:
We currently have about 70 Finance houses in Nigeria, we used to have almost 4000 in the late 80s unfortunately they are all dead.


I prefer using Orange One Finance a subsidiary of Investment One Financial Services, they give loans of between 500k to N15 million to individuals and small businesses

I like the way you stylishly advertise for platforms that you are affiliated with. You most likely get kickbacks from them for the subtle adverts. You do the same for a couple of investment houses that I shall not mention. But you then get offended when someone else advertises. Why? Does this place belong to you alone? Better give yourself sense before strong yamayama fall on your bald head

Branch is a big fintech with global partnerships and probably A LOT of funding, it technically is not a Nigerian firm. I am aware they have a partnership with Visa (visa card). the Nigerian MD - Dayo Ademola has decent experience in the financial space (worked in Union bank and Efina). She also had an interview with Fisayo Fosudo on youtube (you may care to watch it for a detailed review)

for now, the only downside is that they don't have an iOS app (iPhone users cant benefit for now) or allow people register via web. (Target market is probably Android User only)

Labadi69:


I like the way you stylishly advertise for platforms that you are affiliated with. You most likely get kickbacks from them for the subtle adverts. You do the same for a couple of investment houses that I shall not mention. But you then get offended when someone else advertises. Why? Does this place belong to you alone? Better give yourself sense before strong yamayama fall on your bald head

hello friend.... You know, we learn and this thread alone is the best on this platform to me and not forgetting the career thread... Emmanuel is quite vast and little of my knowledge knows finance... But we learn you know... Let's just learn and gain knowledge.....