emmanuelewumi:



Used to be a subsidiary of UBA, the company was spin-off by UBA and transferred the ownership to the shareholders of UBA, so that the bank can concentrate on core banking,.

Investment One was a subsidiary of GTB. GTB sold the ownership of the firm to the staff and management of the company. In order to face their core banking business.

The only banks with interest in other financial businesses apart from banking are Stanbic IBTC, First Bank and FCMB.

These banks have holding ownership structure, they have subsidiaries that are into Investment banking, asset management, stock broking, insurance, trustees , Pension fund management etc. Hence it takes a long time to audit their financial reports.

freeman67:


What is the difference between investment Banking and asset management?

ukay2:



Sorry Sir.

Just saw your PM.

Have replied you now.

Waits your response.

Thanks

emmanuelewumi:


Asset Management and Investment banking are different and also interrelated related.

Asset Management firms have equity mutual fund products, money market fund products, fixed income fund products, Eurobond fund products , REITs , Wealth management products and other derivatives.
Wealth management products assist investors in perpetuating their wealth and Investment from generation to generation, through the creation and management of Trust accounts. There are people who earn tens of millions and more annually through such trust accounts .

Investment banking involves assisting big businesses/ government etc to raise funds for Investments, businesses and projects etc. The funds can be in form of equity or debt. They act as issuing houses to public offerings, right offerings etc, they are also Investment advisers to businesses, government and High Networth Investors. They also help in the marketing of highly lucrative deals, business and investment opportunities to High Networth Investors.


This is just a summary, asset management firms and Investment banking firms do more than these.

Jejebabaa:

Apologies for my late response. I figured out that Oga Emma already added you to the SMI group. Enjoy sir.

mikylon:
FGN BOND is the way forward now ooo. Just that the tenors are to long.

Gforce2015:


I don check your signature. Nah stock exchange dey there. I guess you are a broker.
Anyway, this is a free world. But I don't have free money to gamble. I have lost a lot of money in stock exchange and I can afford to lose again. Once bitten ,twice shy..
Tell me sth else.

yomi007k:
Good morning house.

Something awkward just happened this morning.

My T.bills that is supposed to mature in March 15th just dropped and I was still paid in full.

Has anyone experienced this before?

yomi007k:
Good morning house.

Something awkward just happened this morning.

My T.bills that is supposed to mature in March 15th just dropped and I was still paid in full.

Has anyone experienced this before?

OgogoroFreak:
Yes o. Mine was supposed to mature by February but it dropped on the 3rd of January and was paid in full too. Gtbank

ozymes:
Which bank?

yomi007k:


First bank.

OgogoroFreak:
Yes o. Mine was supposed to mature by February but it dropped on the 3rd of January and was paid in full too. Gtbank

ozymes:
Any explanations from them on this development?

maslong:


Good day sir, please help me with the following questions :
1 what is the minimum amount required to buy FGN bond.? to buy from primary market, you need about 50m, while buying from the secondary market varies per institution. ARM has a minimum investment limit of 5m.
2 what is time duration for the investment to be matured.? There are 3 yrs, 5yrs , 10yrs and 30yrs tenors
3 If I should invest like 4 millions, how much is it likely yield per month. ? Like i said , each institution has a minimum limit, ARM securities has a minimum of 5m. Others might be higher or lower. You can also try FGN savings bond (January interest rate is 8.144% for the 3years tenor and u would be paid interest quarterly. While FGN bond interest is paid every 6months.(FGN bond interest for December was 12% for 3/5yrs, Still waiting for January interest rate)
Thanks as I await your answers .

billtommy:


comparing the purchased rate with the present low rates, that is even being over subscribed. I think returning investments that were subscribed at high rate shouldnt be a problem. infact, i think they are gaining more.....considering time factor.

emmanuelewumi:



Not bad, but I have my reservations and can't invest in any until SEC starts regulating crowd funding in Nigeria.

If any of the big Investment houses like Stanbic IBTC Asset Management, FBN Asset Management, FCMB Asset Management, Investment One financial services, United Capital should promote any agricbusiness I will invest with them they must done their home work on profitability and sustainability. They have billions of naira under management. United Capital is managing fund to the tune of over N100 billion, Stanbic IBTC Asset Management is even bigger.

I know I can get back my money if the investment did not go as projected



I don't know if we are familiar with the story of a smart but dubious student of Obafemi Awolowo University who raised close to N2 billion through crowd funding from investors which he promised mouth watering monthly returns although he paid for some months this made the investors to invest more money and also invited more people into the investment scheme due to the referral incentives he introduced to the scheme. At the end of the day he eloped with investors' money valued at N1.8 billion this happened more than 7 years ago

jedisco:


My sentiments exactly.
I believe it's an area with very good prospects but with lots of new agri tech companies and lots of money to be made, without the right oversight, it may just be a matter of time before it becomes another ponzi-like scheme. I have no issues testing them out with little money, but the fear is that after that, one is likely to then invest significantly, and that's when they usually start disappearing.

Didn't know about that story but it's not surprising. Getting the money is one thing. They using it judiciously and turning out profit in a short while is the real issue



Invest just what you can afford to lose in the numerous crowd funding Schemes eg 100k and below, alth


I'm looking towards FBN MMF. Though their rates are not so brilliant, but it's more dependable

emmanuelewumi:


If we are open to new ideas, cross fertilise ideas with genuine and forward thinking people. Get the necessary information and knowledge, I think there are endless opportunities in the Nigerian Investment terrain.

While some of us are lamenting the Indians, Lebanese, Chinese, South Africans are making a kill in our economy.

Recently developed interest and learning about the agricultural sector,

emmanuelewumi:


Invest just what you can afford to lose in the numerous crowd funding Schemes eg 100k and below although I can't invest in such ventures because I don't invest in what I don't understand.


Try FSDH Asset Management, their rate is about the highest for now 11%

emmanuelewumi:


Invest just what you can afford to lose in the numerous crowd funding Schemes eg 100k and below although I can't invest in such ventures because I don't invest in what I don't understand.


Try FSDH Asset Management, their rate is about the highest for now 11%

ahiboilandgas:
Dangote is opening office in new York to serve as investment arm of the group to buy into dollars assets for sustainability of family wealth.....hmmmm dangote dangote still dey find money....why me no go try preserve my chicken change in more reliable assets....

jedisco:


I haven't heard of them. Are they affiliated to any bank?
I just opened an FBN MMF account and their rates are about 8.8%

ahiboilandgas:
Dangote is opening office in new York to serve as investment arm of the group to buy into dollars assets for sustainability of family wealth.....hmmmm dangote dangote still dey find money....why me no go try preserve my chicken change in more reliable assets....

emmanuelewumi:


Have you heard of FSDH Merchant Bank?

A google search will be of help.

ozymes:
Any explanations from them on this development?

jedisco:


Just got off the phone with them. Their TB rate is 9.4% which corresponds with what's on the app. Annoyingly, they said the Coral income fund is 8% (whereas 11% is stated on the app). They insist the app has issues and is in the process of being corrected

emmanuelewumi:


Treasury Bill at 9.4% or money market fund?

emmanuelewumi:


Treasury Bill at 9.4% or money market fund?