OgogoroFreak:
Have you tried bank?

I have a business account with Gtbank and I have contact my account manager and she said they are not giving out loans to SMEs at the moment. We also tried Ren Money, it was not approved as its easier for salary earners with them... Hence I am here to source for help ..

Advice for entrepreneurs looking for financing and refinancing ,you should look at Nirsil micro finance bank that have been disbursing several cbn/fgn intervention. The process is mostly on line and limited human interactions .infact u have to attend training by several cbn recongnise training institutions on finance,human resource management etc ...am currently applying for the 100 bn naira Lpg facility's .. there is also a 50bn sme facility currently disbursed ,i have seen several sme getting up to 10m.

ayummy:


I have a business account with Gtbank and I have contact my account manager and she said they are not giving out loans to SMEs at the moment. We also tried Ren Money, it was not approved as its easier for salary earners with them... Hence I am here to source for help ..

wema bank is having for new and old sme .

ahiboilandgas:
Advice for entrepreneurs looking for financing and refinancing ,you should look at Nirsil micro finance bank that have been disbursing several cbn/fgn intervention. The process is mostly on line and limited human interactions .infact u have to attend training by several cbn recongnise training institutions on finance,human resource management etc ...am currently applying for the 100 bn naira Lpg facility's .. there is also a 50bn sme facility currently disbursed ,i have seen several sme getting up to 10m.

Okay Sir .. Please can I send you a mail for directions on this Sir? Thank you

Stocktrader:


Mr, not everyone is in your country , and a reason for that.

You mean our country is so bad that we do not receive mails or receive calls?. Btw, are you in a country where mails cannot be sent or calls cannot be made?.

ahiboilandgas:
are u for real ? U dont have account officer to call or mail.

No mind am. He wan tell us say he get N1B.

Stocktrader:


This discussion ends here, I don't need unnecessary reply. I stated my calls to the ban customer care which is more than enough to get what i need but ended up being disappointed.

Send a mail to their Customer Care and if your bank does not have a Customer Care email, then it is time you change your bank. This is 21st century. Enquiries are now through Customer Care emails and most times, you get an automated response with an issue tracking number.

ayummy:



Okay Sir .. Please can I send you a mail for directions on this Sir? Thank you

everthing is Nirsal website. It straight forward ...

Stocktrader:


I did not say it's not money, just the way you jumped to if you have 1B, that was what triggered my response. 2006 I don't even have back account then back in NIGERIA.

u can open with the click of a mouse.....now now and wire in the 1 bn.

What is annoying about someone advising you to change bank due to poor customer services. It seems you have anger problems. Saw the other time translantic asked you a question and you got angry too.

If you comment here, be ready for anything or choose to answer amicably.

Stocktrader:


You are really getting annoying now, this thread was meant for Tbills enquiries and people have been enquiring too for other investments too, even though they can use other source, I chose to ask mine here as it will give me or make the answers very broad and bankers from different banks comments here to instead of facing a single reply from the so called acvount officer, and please if you don't have the answer to my very first question, just let it be, thank you.

Fact sheet of FBN Asset Management for August 2020

Money market funds= N223 billion under management.


Fixed income fund=N15 billion under management

Eurobond fund=$14 million


Not Stanbic IBTC Asset Management has more funds that they managing

I was just informed by my RM that individuals are not allowed to bid in OMO but only big organizations.

ahiboilandgas:
not very sure think is over 200m ..

XiaoLi:
I was just informed by my RM that individuals are not allowed to bid in OMO but only big organizations.

Definition of big company

RayRay06677:


Definition of big company

OMO is for FPI.

I think you must be registered as an institutional portfolio Investor or fund manager in the country you are domiciled.

XiaoLi:
I was just informed by my RM that individuals are not allowed to bid in OMO but only big organizations.

what big organisation? U are coming in as a company abi?

Stocktrader:


Hey,apologies, I actually thought you are same person that keep asking me follow up annoying questions, I just saw the comments was made from different three persons, my bad I did not look well, apologies and remain blessed.

People may get angry when you talk about billions and term it audio money, when all they've ever have is thousands, but doesn't apply to most people in here. When you ask questions, learn to ask respectfully irrespective of the figures involves.

Your initial question about the 1b investment was a direct one but subsequent ones shows some egotism. I wonder why people use words like: 'that your country' but still invest in it.

Akin3891:


People may get angry when you talk about billions and term it audio money, when all they've ever have is thousands, but doesn't apply to most people in here. When you ask questions, learn to ask respectfully irrespective of the figures involves.

Your initial question about the 1b investment was a direct one but subsequent ones shows some egotism. I wonder why people use words like: 'that your country' but still invest in it.

Correct, there are opportunities and deals on FMDQ Exchange where N1 billion investments are unacceptable because such an amount is too small.

Stocktrader:


And the minimum is ?

Depends on the deal and opportunities. They are strictly for Institutional Investors and the big money men

Stocktrader:


But can one negotiate it way through and be allowed by the institution which will serve as broker to the individual and allow to invest?

Yes indirectly that is what SEC calls Collective Investment Schemes.


FBN Asset Management needs just N5000 to take part in their money market fund, but have been able to get get N223 billion from those small Investors.

Stanbic IBTC Asset Management also has close to N400 billion from small Investors who bought their mutual funds.

These funds can then be invested in short term investments that requires big funds

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.

Not really, investing as more than an average investor.

ahiboilandgas:
what big organisation? U are coming in as a company abi?

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.