₦airaland Forum

Today price list

http://www.trw-stockbrokers.com/services.aspx

@Etin, NBA & other Diamond Reach Account Holders

I received my Diamond Reach debit card today via DHL.
Have u guys received yours as well?

Cheers

Obalende:
Lead Capital is asking me to deposit funds before they 'open' in house and CSCS accounts for me. normally, account must be opened before funds are deposited - those with Lead, how is the process I hope someone is not trying to take advantage of the fact that I am outside the country - I thought these guys were professional - unimpressed from first phone call oh i.e. HOW CAN YOU HAVE TO DEPOSIT FUNDS BEFORE ACC IS OPENED - SOUNDS RATHER FRAUDULENT - JUST WAITING FOR THEIR MAIL - sorry if i sound very suspecious - man must shine eye - if not u fit fall mugu.

I'm also with Leadcapital. The money they asked u to pay is the "account opening deposit".
That's the normal process everywhere! Even in the UK, you need to make some funds available to open a stockbroking account.
Hope this helps!

pumping777:
Na. This is not correct Roughcut. Abi I still dey sleep?

Above 70 or 80 = Overbought - Get ready to sell when it moves downwards out of this region
Below 30 or 20 = Oversold - Get ready to buy when it moves upwards out of this region

If you are using 80 and 20 then 70 and 30 will not give you any signal.
------
Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.
---------

Abi I dey see double?

You're 100% correct Pumping777!

upward:
WOW, I'm really lost here , please can someone clear the bold portion of the above post. Looks to me like the opposite of what is said, so that we don't get mis-informed.

When RSI is at 70 or above, it's simply the time to SELL (i.e. OVERBOUGHT state).
At 30 or below, it's a strong indicator to BUY (i.e. OVERSOLD state)

Hope this helps!

indaclub:
Just want to take the benefit of those who might have the info regarding the Dangote last IPO - flour.

Someone told me that it was oversubscribed and that returns (up to 90%) were made to him; please how true is this, and when do i expect mine to be returned.

I'll be gald for an update on this issues. Nevertheless, i need to make enquiries from the Bank (GTBank) where i bought the shares.

Thanks.

Pls click below for the allotment details published by Proshare:

http://www.proshareng.com/myproshare/portal_news.php?id=3445

It's a BIG dissapointment!

Etin:
500000 naira I was told but please note my dealings with them were as the issuing hose for some shares I wanted to buy. On that level I was very pleased. As far as getting an account with them I do not know if they have online access to the accounts this feature I assume would be very important to anyone outside the country and I havent confirmed that yet.

Thanks a lot Etin. I'll enquire from them if they have online dealing system.

Etin:
@ManJiro

Futureview, they have several over here but Barclays was more suitable for me as I have an account with them too

Hi Etin,

How much does Futureview charge as account opening deposit?
I'm considering of joining them.

[CBN ready to license foreign banks, says Soludo][/b]

Hi everyone,
I got this from Proshare website. Do you guys think our indigenous banks can withstand fierce competition from foreign banks if licensed to operate in Nigeria? I'm sure the gurus in the house can help us thrash out this.
Cheers,
Tosjay

P.S. Please read the story below.

====================================================================================================
[Proshare News and Analysis

CBN ready to license foreign banks, says Soludo
Posted Wednesday, November 14, 2007

Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has said that the CBN is ready to license foreign banks to operate in the country. However, the governor, who spoke at the National War College Course 16, said that such foreign applicants for banking licence should meet the CBN’s requirements, which include possession of a minimum equity capital of N25bn.



He also spoke on the Financial Services Strategy 2020 and the Nigerian Economy.



Three banks – Nigeria International Bank, Standard Chartered Bank and the IBTC Chartered Bank (which recently merged with Stanbic Bank) have dominant foreign ownership.



Institutions likely to benefit from a new licensing window include the Islamic Development Bank. IDB’s Country Representative, Chief Bisi Ogunjobi, recently disclosed that the organisation was seeking the nod of the apex to establish a full-fledged Islamic retail bank in the country.



Soludo said the deregulation of the financial industry did not imply that foreign institutions could take over the nation’s financial system.



According to him, ownership of dominant financial institutions has implication on a country’s security.



On the gains of economic reforms, the CBN boss said total credit had grown from 18 per cent to 30 per cent of Gross Domestic Product while the economy attracted a total foreign direct investment of $7bn in 2006.



He, however, observed that this was still less than the situation in many advanced countries where credit had grown to more than 100 per cent of their GDPs.



He said new banking institutions to be licensed in the country would not be permitted to take over any of the local banks which the apex bank regards as “our national champions.”



Soludo, while acknowledging the fast rate of penetration of banks since the consolidation exercise, said only 40 per cent of the bankable publics were covered by existing banks and their branch networks.



On FSS 2020, he said the plan was to concurrently strengthen the domestic financial markets; enhance integration with external financial markets and engineer Nigeria’s evolution into an international financial centre.



He said, “The first prong of our strategy for achieving our national aspirations focuses on strengthening our domestic financial markets. We will then use our strengthened financial sector as a catalyst to drive overall economic growth.



“The second prong of our strategy focuses on enhancing integration with external financial markets. We plan to focus on initiatives that would enable the financial sector to reinforce the expansion of our export base. In integrating with external markets, we plan to start with our regional bloc, and then expand to other global economic blocs.”



He said that the third prong of financial system strategy would focus on engineering Nigeria ’s evolution into an international financial centre.



“We plan to become an international financial centre in the medium- to long-term. We intend to leverage an area of strength as a key differentiating factor,” he said. - Punch]
Code:

[CBN ready to license foreign banks, says Soludo]

Hi everyone,
I got this from Proshare website. Do you guys think our indigenous banks can withstand fierce competition from foreign banks if licensed to operate in Nigeria? I'm sure the gurus in the house can help us thrash out this.
Cheers,
Tosjay

P.S. Please read the story below.

====================================================================================================
[Proshare News and Analysis

CBN ready to license foreign banks, says Soludo
Posted Wednesday, November 14, 2007

Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has said that the CBN is ready to license foreign banks to operate in the country. However, the governor, who spoke at the National War College Course 16, said that such foreign applicants for banking licence should meet the CBN’s requirements, which include possession of a minimum equity capital of N25bn.



He also spoke on the Financial Services Strategy 2020 and the Nigerian Economy.



Three banks – Nigeria International Bank, Standard Chartered Bank and the IBTC Chartered Bank (which recently merged with Stanbic Bank) have dominant foreign ownership.



Institutions likely to benefit from a new licensing window include the Islamic Development Bank. IDB’s Country Representative, Chief Bisi Ogunjobi, recently disclosed that the organisation was seeking the nod of the apex to establish a full-fledged Islamic retail bank in the country.



Soludo said the deregulation of the financial industry did not imply that foreign institutions could take over the nation’s financial system.



According to him, ownership of dominant financial institutions has implication on a country’s security.



On the gains of economic reforms, the CBN boss said total credit had grown from 18 per cent to 30 per cent of Gross Domestic Product while the economy attracted a total foreign direct investment of $7bn in 2006.



He, however, observed that this was still less than the situation in many advanced countries where credit had grown to more than 100 per cent of their GDPs.



He said new banking institutions to be licensed in the country would not be permitted to take over any of the local banks which the apex bank regards as “our national champions.”



Soludo, while acknowledging the fast rate of penetration of banks since the consolidation exercise, said only 40 per cent of the bankable publics were covered by existing banks and their branch networks.



On FSS 2020, he said the plan was to concurrently strengthen the domestic financial markets; enhance integration with external financial markets and engineer Nigeria’s evolution into an international financial centre.



He said, “The first prong of our strategy for achieving our national aspirations focuses on strengthening our domestic financial markets. We will then use our strengthened financial sector as a catalyst to drive overall economic growth.



“The second prong of our strategy focuses on enhancing integration with external financial markets. We plan to focus on initiatives that would enable the financial sector to reinforce the expansion of our export base. In integrating with external markets, we plan to start with our regional bloc, and then expand to other global economic blocs.”



He said that the third prong of financial system strategy would focus on engineering Nigeria ’s evolution into an international financial centre.



“We plan to become an international financial centre in the medium- to long-term. We intend to leverage an area of strength as a key differentiating factor,” he said. - Punch]
Code:

[CBN ready to license foreign banks, says Soludo][/b]

Hi everyone,
I got this from Proshare website. Do you guys think our indigenous banks can withstand fierce competition from foreign banks if licensed to operate in Nigeria? I'm sure the gurus in the house can help us thrash out this.
Cheers,
Tosjay

P.S. Pls read the story below.

====================================================================================================
[Proshare News and Analysis

CBN ready to license foreign banks, says Soludo
Posted Wednesday, November 14, 2007

Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has said that the CBN is ready to license foreign banks to operate in the country. However, the governor, who spoke at the National War College Course 16, said that such foreign applicants for banking licence should meet the CBN’s requirements, which include possession of a minimum equity capital of N25bn.



He also spoke on the Financial Services Strategy 2020 and the Nigerian Economy.



Three banks – Nigeria International Bank, Standard Chartered Bank and the IBTC Chartered Bank (which recently merged with Stanbic Bank) have dominant foreign ownership.



Institutions likely to benefit from a new licensing window include the Islamic Development Bank. IDB’s Country Representative, Chief Bisi Ogunjobi, recently disclosed that the organisation was seeking the nod of the apex to establish a full-fledged Islamic retail bank in the country.



Soludo said the deregulation of the financial industry did not imply that foreign institutions could take over the nation’s financial system.



According to him, ownership of dominant financial institutions has implication on a country’s security.



On the gains of economic reforms, the CBN boss said total credit had grown from 18 per cent to 30 per cent of Gross Domestic Product while the economy attracted a total foreign direct investment of $7bn in 2006.



He, however, observed that this was still less than the situation in many advanced countries where credit had grown to more than 100 per cent of their GDPs.



He said new banking institutions to be licensed in the country would not be permitted to take over any of the local banks which the apex bank regards as “our national champions.”



Soludo, while acknowledging the fast rate of penetration of banks since the consolidation exercise, said only 40 per cent of the bankable publics were covered by existing banks and their branch networks.



On FSS 2020, he said the plan was to concurrently strengthen the domestic financial markets; enhance integration with external financial markets and engineer Nigeria’s evolution into an international financial centre.



He said, “The first prong of our strategy for achieving our national aspirations focuses on strengthening our domestic financial markets. We will then use our strengthened financial sector as a catalyst to drive overall economic growth.



“The second prong of our strategy focuses on enhancing integration with external financial markets. We plan to focus on initiatives that would enable the financial sector to reinforce the expansion of our export base. In integrating with external markets, we plan to start with our regional bloc, and then expand to other global economic blocs.”



He said that the third prong of financial system strategy would focus on engineering Nigeria ’s evolution into an international financial centre.



“We plan to become an international financial centre in the medium- to long-term. We intend to leverage an area of strength as a key differentiating factor,” he said. - Punch]

NBA:
@ Mr Cee,

They have always used the bank rate which is close to the parallel market. I have never bothered about the difference.

Mr Cee,

How long did it take Diamond Bank to set up your acc?

Regards,
Tosjay

x-2-x

X-2-X:
Hello NBA and others.

Thanks for this wonderful thread.

I am on the verge of opening a NRN Account, but I don't know how sort out the attestation of photocopies requirement by Notary Public or Nigerian Embassy. I live in a "remote" location in the UK and can't seem to find any Notary Public around, not to mention the Nigerian Embassy.

Can anyone please enlighten me about any other possiblity? I see there was something about NRN staff, is that limited to NRN accounts opened when the applicant is physically is present in Nigeria what?

Cheers

Hi X-2-X

You could ask a solicitor to do the attestation for you. There should be one at your location!

Tosjay

Etin:
@ Man Jiro

Hi,
I logged on to my online bank, choose the option to pay bill and set it up as a bill payment.
I used the sort code for Diamond's Citibank as given for sort code in the set up and the Diamond Bank's account number as account number my personal reference given by Diamond Bank is used as reference in the Bill set ( Not my name)

Pounds Sterling:

Sort Code: 18 50 08
Account Name: Diamond Bank Reach Account
Account No.: 11414690
For further credit to: Enter your personal reference here not your name………………………………………,
(Name & Account No. of Beneficiary)

Ignore all IBAN and Swift details as they would only be relevant for international transfer

Hi Etin,

Thank u so much for this valuable info. I'm just at the stage of making payment for my initial deposit.
If we could continue using sort code & acc # to fund our diamond reach acc, I reckon that it'd be the best option for transferring money home.

Cheers