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Investment / Re: Stock Market Tips For Nigerians by tosjay(m): 3:47pm On May 16, 2008 |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 2:07pm On Mar 03, 2008 |
@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 |
Investment / Re: Stock Market Tips For Nigerians by tosjay(m): 2:27pm On Feb 25, 2008 |
Obalende: 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! |
Investment / Re: Stock Market Tips For Nigerians by tosjay(m): 3:46pm On Feb 05, 2008 |
pumping777: You're 100% correct Pumping777! |
Investment / Re: Stock Market Tips For Nigerians by tosjay(m): 3:33pm On Feb 05, 2008 |
upward: 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! |
Investment / Re: Dangote Last Ipo - Flour by tosjay(m): 5:46pm On Feb 04, 2008 |
indaclub: 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! |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 7:42pm On Dec 01, 2007 |
Etin: Thanks a lot Etin. I'll enquire from them if they have online dealing system. |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 11:23am On Dec 01, 2007 |
Etin: Hi Etin, How much does Futureview charge as account opening deposit? I'm considering of joining them. |
Investment / Re: Stock Market Tips For Nigerians by tosjay(m): 10:06am On Nov 15, 2007 |
[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: |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 10:03am On Nov 15, 2007 |
[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: |
Investment / Re: Stocks That Can Make You Rich In 2007 by tosjay(m): 10:01am On Nov 15, 2007 |
[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] |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 1:42am On Oct 26, 2007 |
NBA: Mr Cee, How long did it take Diamond Bank to set up your acc? Regards, Tosjay |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 4:43am On Oct 23, 2007 |
x-2-xX-2-X: Hi X-2-X You could ask a solicitor to do the attestation for you. There should be one at your location! Tosjay |
Investment / Re: Nigerian Banks, Stockbrokers, And Services For Nigerians Abroad by tosjay(m): 3:22am On Oct 23, 2007 |
Etin: 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 |
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