₦airaland Forum

faoogoke:
I used to walk to ejigbo grammar school from Isolo in the early 1980s. The bridge was there. 1982/83. I wake pass that place very well.
Oga Emma is right.

Thanks for this.
I used to drive my father’s Volkswagen through that bridge from Palm Avenue Isolo road while my father sits beside in the car to correct my driving mistakes😊

ppogba:
I am not arguing who did what or did not do what. I am arguing as someone with a first hand knowledge even though it may not be accurate now. The Isolo estate you are talking about was not inaugurated in 1979. People did not start moving it there till early 80s. Will the establishment of Lagos Poly be credited with an instant development of Ikotun and Egbe. Papa,the answer is an EMPHATIC NO.

Na small pikin I be.

I need to chip in now that Emma is correct.
I personally plied Isolo road and the only one Oke-Afa bridge that existed then from around 1981 till I moved with my parents into our flat in Jakande Estate, Oke-Afa in February, 1984 when they finally completed our building.
I used to live with my parents in Oteomi Str parallel with Palm Avenue road,Papa Ajao, Mushin. We were regularly using that Oke Afa bridge for about two years plus to access the Estate to monitor the progress of work on our building block number…. when it was under construction.

TargetT:
------------------------------
They are good. Withdrawal takes 3 days, very efficient. What I love again about them is security consciousness. The service efficiency level on deposits and withdrawals is just as if you are dealing with a Stockbroker in Nigeria (only the 3 days time for processing the withdrawal is the difference), for deposit it is possible same day, you deposit money early in the day, send them copy or your teller ot transfer instruction and you can trade that same day (they will acknowledge the fact that your deposit is seen but is not finalised)

Their deposit condition does not make economic sense to me.

I did as if I wanted to send 1m naira. Their platform charged 15,000 naira -flutterwave plus exchange rate of over 1400 naira per dollar. Compare this to Trading212 where I deposited first 2000 dollars at zero cost and the rest deposits at 0.70% on actual amount using their app - Gpay which is instant payment. I don’t think Bank Wire Transfer will make sense either as i once enquired and it was very high.
I also observed that i didn’t see a live price movement of stocks price on their app. Besides, it is written on their app that the price displayed is about 15mins delayed.

So for these above reasons, it’s a Capital NO for me.

I am now more than anything considering getting a Residence Permit of another country. The stain of being a Nigerian is just too many and becoming unbearable for someone to sit down and do nothing.

By the way, today, I have received my funds into my Gtb accounts. My Dom current ac was charged 0.30% of withdrawal amount, but my Dom account number for my Mastercard was zero charges for my Withdrawal amount.

Willie2015:
I have finished withdrawing all money in Trading212 yersterday
For your GTB account...Pls send a mail to <gtbankmailsupport@gtbank.com>
Requesting their Swift Code and Sort Code ...Make sure ur acct number is in your heading..
GTB will reply under 24 hrs...I sent in the morning...by 5pm ..GT replied
Merge ur statement and GTB Correspondence in one PDF ...
Attach it to verify your GTB account on Trading212 platform..
Trading212 will verify within 24 hrs... U are okay to make withdrawal
It should take 2 to 3 days to hit ur GT acct.

Thanks for this.
I already got a reply from Gtb regarding the Swift code. I also have an existing dollar Mastercard account linked to my Trading212 account and have been verified by them, but i am seeing a limit of 343.40 on it which is why Trading212 app is asking me to add a bank account with same name as I am withdrawing more than the limit.

And please can you confirm how much was deducted from your cash balance as transfer charges if any?

Stanley08:
You resulted to withdrawing? Na wah oh! Which platform are you going to? Why didnt you choose transfer instead?

Here's what you need - https://wise.com/gb/swift-codes/countries/nigeria/gtbank-swift-code

Yes, I have to, otherwise they’ll send it to CFD account.

I can’t do transfer as I am not the one paying. I am withdrawing my fund so I need to provide my account details and that’s why i need the swift code which i later got from GTB. Trading212 already have and verified my dollar Mastercard which I can withdraw into but it has a limit of 343.40 on it and I don’t know how that is.
Thanks for your help.

I need anyone here who knows the 11 digit swift code for GTB to please provide it. Trading212 App requires i submit it to be able to complete my withdrawal.

I have been trying unsuccessfully to get it from Gtb since yesterday. This is one of the reasons I said I don’t blame Trading212 for restricting Nigerians.

Stanley08:
Sorry it will move to close only by tomorrow. Mail was sent 28th August. 2 Fridays ago.

Many thanks.

Can someone pls share the mail from trading 212 regarding termination of Nigeria residents accounts

Stanley08:
What platform are you using now? I'm trying to initiate transfer from Trading212.

Not ported yet

Stanley08:
Please which one did you later use? Today is the last day to transfer portfolio from Trading212 before they sell off the shares automatically tomorrow

I am yet to completely close my position. Not aware today is the last day. Can’t find the mail again to check the details. Was thinking i have till October

codeME:
I am the only that received email from Trading 212 that they no longer support every accounts from Nigeria for Invest/ISA accounts but will only support CFD for us that have accounts with them from this part of the World?

I also received the mail. You can’t be the only one. It is all Nigeria Residents. I have been using them since 2020 during covid. I don’t blame them.

OoDeeA:
Can someone please guide me on what to do. I use an old dell laptop for my trading on Atlass Portfolios Cititrader, Having buy a more advanced HP laptop. the website became inaccessible on the New PC. It will do a partioal login and then throw a "not connecting" error message. I have complained to Atlass, they kept telling me there platform has no issues. i was told to speak with their Engineers, but they aren't reachable. what can I do. its affecting my productivity as i have to keep managing my old laptop but My Yakubu can no longer manage.
Please I need help on this

This problem is as a result of you permanently storing your login details on your old or other system.
Solution: completely delete/remove your login details from the old system. Restart the old system and check if your login details are still there or not. If still there, it means you haven’t removed it. Once deleted or removed, go on to login your details on the new PC.

My son recently experienced same issue when he stopped using his laptop to switch to his Ipad pro M1. And the above was what I did to resolve the problem.

Agbalowomeri:
So that means this summary is wrong ba?

Dangote Petroleum Refinery is raising funds primarily to support a massive expansion of its processing capacity from its current 700,000 barrels per day to 1.4 million barrels per day by 2028,

The valuation by the production of 1.4 million barrels per day is supposed to be $50B. That is my own understanding

But Dangote recently revealed he rejected NNPC ‘s bid to increase their stake in his refinery. He has also repeatedly claimed he will be listing to allow ordinary Nigerians part ownership of the refinery. He also claimed he was selling only 10% of the entire refinery and it will be across some African exchanges.

nlfpmod:
https://www.facebook.com/share/p/1Lt3r4hA7i/



https://punchng.com/my-brother-went-missing-at-14-found-in-pharcourt-prison-18-years-after-sibling/

This is another sad example of Nigeria happening to someone.
May Nigeria never happen to you.🙏

sophy17:
Does this capture the informal tax? Hmmm, how I wish, so you can see a totally different data. Someone did a report on Agbero/ MC Oluomo tax revenue sometime ago. Their revenue was mind boggling.

I know for a fact that Nigerians pay more taxes.
Even this government used it to justify the need for a tax reform. Just too much multiplicity of taxes. And there are others that you just pay on your own so you can breathe! In 2017, I spent over 500k repairing a road leading to my street so i can drive to my house in peace. I am still spending my personal money on public facilities including private biz- Ikeja electric till today.
When I moved to my house in 2015, i used to have light upward of 3 days non stop but since last year that i am placed on Band A, I now get much less after taking my bill from 4naira per kilowatt to 200+ per kilowatt.
So we actually pay more taxes here to the government- three tiers and also to the informal. That is the reality!

@Nosa

BREAKING: Lagos Moves to Ban Illegal Roadblock Tax Collection, Offenders Risk ₦2m Fine, 3-Year Jail Term

The Lagos State Government has unveiled plans to streamline taxation and eliminate illegal levies through a new bill designed to harmonise taxes, enforce electronic payments, and impose stricter penalties on unauthorized collections.

The proposal was disclosed during a public hearing at the Lagos State House of Assembly on a bill titled: “A Law to Enact the Lagos State Harmonised Taxes and Levies, to Provide for the Collection of Taxes by the State and Its Local Government Councils, and for Related Matters.”

Speaker of the House, Chief Mudashiru Obasa represented by Deputy Speaker Mojisola Meranda, described the hearing as a platform for inclusive stakeholder engagement, stressing that effective lawmaking must reflect public input.

He noted that the bill is aimed at eliminating duplication in tax collection, improving coordination across agencies, and strengthening public service delivery.

A key feature of the proposed law is the mandatory adoption of electronic payment systems, which lawmakers say will reduce cash-based transactions, curb leakages, and enhance transparency in revenue collection.
Presenting the bill, Majority Leader Noheem Adams said the current system has been plagued by multiple illegal charges affecting residents and businesses.

He added that the legislation also aligns with recent amendments to Nigeria’s tax framework.

The draft bill further prohibits the use of roadblocks for tax and levy collection and introduces strong taxpayer protection provisions.

It also prescribes stiff penalties for offenders, including a fine of ₦2 million or up to three years imprisonment for unauthorized tax collection.

Chairman of the House Committee on Finance, Femi Saheed, said the reform would improve governance efficiency and ease the burden of multiple taxation on businesses operating in the state.

Stakeholders present at the hearing included the Commissioner for Finance, Abayomi Oluyomi; Special Adviser on Taxation and Revenue, Opeyemi Ogungbo; Chairman of the Lagos State Internal Revenue Service, Ayo Subair; and representatives from professional bodies including the Association of National Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.


Now, they are trying to harmonize and capture these numerous taxes into State coffers, Not banning them but banning the illegal tax collectors.
I spent 4k yesterday on parking. 1k to pass through local airport to Ikeja. 1k to park at Ikeja Post office and 2k to park at Lagos State Fire Service at Toyota bus stop, opposite Ladipo Market. These payments go into private pockets.

Sunrisepebble:
For dividend yes this morning. Not the new shares

I believe he is asking about the dividend for your billion naira shares, Wapco. 😆

I don’t think you provided conclusive update regarding it.

nosa2:
Brazil: Tax-to-GDP: Approx. \(32\%-34\%\).
Nigeria: Tax-to-GDP: Significantly lower, traditionally under \(10\%\).

Source Gemini
I believe all the other things about your school have been answered

With regards to corruption, as I have stated, corruption is not something that can be objectively measured and as such debating about it is pointless as everybody will be giving their personal experience which to them is valid.

With regards to security, the government can only protect you with the resources you give to them.

Does this capture the informal tax? Hmmm, how I wish, so you can see a totally different data. Someone did a report on Agbero/ MC Oluomo tax revenue sometime ago. Their revenue was mind boggling.

I know for a fact that Nigerians pay more taxes.
Even this government used it to justify the need for a tax reform. Just too much multiplicity of taxes. And there are others that you just pay on your own so you can breathe! In 2017, I spent over 500k repairing a road leading to my street so i can drive to my house in peace. I am still spending my personal money on public facilities including private biz- Ikeja electric till today.
When I moved to my house in 2015, i used to have light upward of 3 days non stop but since last year that i am placed on Band A, I now get much less after taking my bill from 4naira per kilowatt to 200+ per kilowatt.
So we actually pay more taxes here to the government- three tiers and also to the informal. That is the reality!

nosa2:
Does the "common man" feel he has any responsibility in life? It's the government's job to put in place policies and infrastructure to help the economy grow. It's the "common man's" job to take advantage of those policies and become prosperous.

This idea that government owes you a comfortable life has held Nigeria back for decades and it needs to change.

I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us while he was Governor of Lagos State! One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it is very unfortunate to see many defend and make excuses for them!

elpaso007:
I think it's fair to say Morgan's customer relations management system has collapsed. At least judging from my own experience with them currently.

You have to pray to never have a reason to reach out to them because it is been frustrating for me.

Anyone that's been able to teach recently should please share how they did.

Disappointing.

It is so bad now! After previously sending two mails without any response, I called them on WhatsApp and they instantly rejected the calls 3x without any message. I then messaged them that it wasn’t their fault, that I will do the needful so I won’t ever have to call them again.

And I am currently on track on my promise although i had already moved more than half of my funds from them as at October last year when they increased their fees.

emmasoft:
@Sophy17, please note the following about Norrenberger dollar fund:

The Norrenberger dollar fund is a mutual fund denominated in USD.
You can also do a top-up with any amount that can get you a unit.
The fund is price-based, unlike MMF, which is always 100. So, because of that, the value fluctuates but is not volatile like stocks.
The underlying asset is basically Eurobonds, hence the price fluctuation. It's currently $106.13.

Funding can be done by transferring from your dom account or by cash deposit into the fund manager's collection account.

Holding period is 90 days

Interest doesn't accrue daily, but dividends are paid every quarter, and value can also rise because the price can increase. As of January, the price was $105.

The minimum initial deposit is $550, while you can top up with a minimum amount that gets 1 unit.

You are free to reach out if you need more clarity.

Many thanks

emmasoft:
Don't let your dollars stay idle in your dom account

Take advantage of the opportunity to grow your wealth in foreign currency by opening a Dollar Fund Account with Norrenberger, offering returns of up to 11.83%.

To get started, kindly click the second link in my signature and begin your journey toward stronger, more stable returns.

If you would like personalized guidance on mutual funds or stock investments, please feel free to reach out. I would be delighted to assist you in making well-informed investment decisions.

Make money without tears!

Can you please provide more details about the dollar fund?
Can I fund it with my Mastercard dollar card or how?
What is the holding period?
Does interest accrue daily like mmf?

Thanks

[quote author=IamR post=139178409][/quote]Just check nos 4,9,13,14,16,19,23,24,25 under the North Central list.

mikeapollo:
It is for you to interpret and understand what you see happening in broad day light in your country, in your presence.

Nepotism destroys a nation. It breeds incompetence, corruption, conflict of interests etc
Buhari did it and we complained but nothing was done to address it, contributing to the failure of the govt. This govt too is doing a similar thing and a failure would spell doom for Yoruba people because nobody would listen when Yoruba start complaining about bad governance in this country. Well meaning Yoruba statesmen have already cautioned the president but it seems he does not listen

Just a few names/positions:

CBN governor, Yoruba
NRS (former FIRS) chairman, Yoruba
Minister for Finance, Yoruba
Minister of State for Finance, Yoruba
Minister for Interior
Head of Nigeria Customs Service, Yoruba
IGP, Yoruba
Head of NNPC, Yoruba
Chief Justice, Yoruba
Chief of Army Staff, Yoruba
Head, DSS, Yoruba
Commandant, Nigeria Defence College, Yoruba
Accountant General of Federation, Yoruba
EFCC Chairman, Yoruba
Head, NUPRC, Yoruba
Head, AMCON, Yoruba
Head, BPE, Yoruba
Head, NPC, Yoruba
Head, FAAN, Yoruba
Head, NIMASA, Yoruba
Head, NAICOM, Yoruba
Head, NEPZA
Head, NIMC, Yoruba
Head, NAFDAC, Yoruba
Head, National Pension Commission, Yoruba
Head, Federal Fire Service, Yoruba
Head, NOA, Yoruba
etc etc etc.

This list is not complete o.
Minister of Justice Lateef Fagbemi
Failed power nko? Adelabu
The list is not complete o
But please stop bothering yourself for your peace of mind. You think the guy don't know before asking?

Creditalerts:
this how mine look

Done using the web link you provided and your referral 👍

And now able to login using the app. Apparently, their app is not able to submit.
Thanks

Creditalerts:
I just logged in and out now App is working fine 🙂

Pls Is this the correct app?

Creditalerts:
actually I split my money into three,largest part is with trustbanc, 2nd larger part with STL MMF then 3rd large part is with FAAM MMF (reason swift withdrawal).you can withdraw 50m and above but you have to fill a form[standard practice]

I have tried several times to fill STL form but the form doesn’t submit. Seems the app 1click by STL is down.
Anybody experiencing this ?

Raider76:
What am I seeing? GTCO EPS down -28%. Proposed dividend only N1.00

Read the last line of the page you posted.
It is there😎

emmasoft:
The beauty of an alternative to real estate (physical property) - REIT

SFSREIT is to distribute 28.3 to unitholders for the year ended 2025.

Imagine an investor who bought early in 2023, around 110/unit

If he bought 1,000,000 units, then at the cost of 110,000,000

2023 year end - 14,500,000 @ distribution per unit of 14.5
2024 year end - 21,500,000 @ distribution per unit of 21.5
2025 year end - 28,300,000 @ distribution per unit of 28.3

In 3 years, the investor will have 64,300,000. Currently, the price of SFSREIT is 418.75

That gives 418,750,000 if he sells today, so in 3 years, with the dividends added, he realizes 483,050,000

Let's assume he uses 4,050,000 as the cost of transactions, which gives a net of 479,000,000
All of this happened without the investor buying a piece of land or building any house. May not have even stepped out of the house.

Be in touch if you wish to come on board.

Pls what is the qualification and payment date for the 28.30 distribution?

newreality:
WAPCO

Sometimes the Stock is not visible on the first page of your portfolio but on the second page because they are arranged alphabetical. So make sure to check properly by clicking next page at the bottom right corner of the first page.

I once had same issue. Sent a complaint but didn’t get any response but later discovered the solution myself. I hope this helps.

newreality:
Morgan Capital!
Morgan Capital!!
Morgan Capital!!!

To chose Una as my stock broker, na Crime?

Since Monday last week, stock that I bought has still not been reflected among stocks in my portfolio.

Morgan Capital Why?



Morgan Capital wasn't like this, last year o.

Why change Character this year ?

Hmmm

Can you mention the Stock

ojeysky:
So long as jagaban is 2027 president, and I don't see anything that can stop that except God. OANDO will print money, it's just a matter of time.

Oando has been printing money, Jagaban or no Jagaban. Can't you see the Company's revenue and expenses from their FS. Only it's not for the ordinary Shareholders.

Audacius:
Please, how long does it typically take to get CSCS registration done by stockbrokers. ARM has been on CSCS registration for someone I introduced to them for so long. To even open account and get kyc done was a hurdle. Been on the whole process for over 3 months. Is it that opening new accounts is made more difficult by regulatory requirements or this particular stockbroker has had enough clients and can't take more. Mails yield nothing beyond how deeply sorry they are.

Atlass Porttfolis opened a CSCS and trading Ac for my son in less than 48hrs after he completed their online form just last week.