₦airaland Forum

Sholapey:
The process will make your capital idle in your account by the time they finish with paper work Sukuk bonds must have been closed. Closing date is June 2nd. Check with your account manager if you can meet up with the date before you liquidate your ntb.

When is the deadline for application for the FGN sukuk?

just2endowed:
Can you help with there mail

Sorry for late reply


pensionsolution@stanbicibtc.com

michealekene:
Pls I need to liquidate TB 1.8m (1.6m principal + 200k interest reinvested) to complete a full year cycle in the next 21 days.TB Investment was for 365 days that will mature June 16th.

What amount will I expect??, I want to key into the sukuk bonds at this 11.2%

I think it's the interest of 200k you will share with FGN, but your capital of 1.6M remains intact.

The sukuk bond interest is ok compared to the current NTB rate.

chigo4u:
No need to stretch this topic but this is just one sided talk. What is the minimum wage in Nigeria vs elsewhere?

Please Sir, just keep making money wherever you are.

No need for endless arguments

Thanks

For those that exchanged arguments today

What I have learnt in my small life is never to engage in arguments that will not profit me or my listeners-so you can't see me in arguments

What has both of you benefitted or this forum members benefitted from this arguments? Am sure Nothing.


Two people can be living in the same town or village and one may be doing better than the other in terms of investment or wealth

It may be do to opportunities we may have had on our way -divine appointment, friends, information, books we have read or places we have been to.

Our destiny is different -so no need to generalised everybody

That your finding it hard in your location doesn't mean others are finding it hard.

Same colleague with same salary in office may be far apart in investment and wealth

So let us continue to tolerate one another here and not endless arguments for superiority

We are making money this year ooo

Slow and steady investments WIN ALWAYS

michealekene:
I use stanbic too, please how do I contact them about choosing levels of investment. I realise theres been little incremental interests on the funds on a daily basis, I was surprised.

Send mail to Stanbic ibtc pension customer care and you will be directed

Coolcash1:
wack result! Happy i had to sell some units at loss of 10% having held it for over 12 months. To offload the rest on Wednesday.

Beware of hype men!

Loooooool

I will buy more units after the bashing. .....

Let the bashing continue

TallNigerian:
Thank you ma'am @VickyRotex. I appreciate you taking your time to be indepth and insightful in your post.

I have a MSc degree in Environmental and Marine Pollution Management. Although, I am considering pursuing a new career in IT (as most people here have advised) or public health (I have two years experience in this field before joining the civil service and the global pandemic just reawakened me to the relevance of public health experts and health policy managers globally).

I will begin to take online courses as you habe suggested.

Also, I am a Christian and believe in the efficacy of prayers.

I wouldnt mind reaching you for more guidance. Thanks again

Oga just relocate.

You will be fine at the end.

Cheers

emmanuelewumi:
Talking about the pump price.

Crude oil for local consumption will be bought at the prevailing price of the commodity in the international market

Ok Sir

emmanuelewumi:
We will buy in Naira, the cost of production will reduce because we are refining the product in Nigeria and will also create jobs for Nigerians. Forex spent importing refined petroleum products into the country will also be conserved

Mmmmmm

Sir, Dangote may request we buy in dollars oo

Hope FGN has agreement with him that we will be buying in naira

emmanuelewumi:
It is now compulsory for most bank personal accounts, except corporate accounts.

One of the ways banks are making easy money every month.

Yes Sir

Banks too want make money from personal account holders

just2endowed:
Can I use stanbic ibtcy

If stanbic ibtc is among the banks mentioned in the advert, it means you can use it Sir.

Barrytone:
Good morning great minds, I got debit alert from my union bank account. Realise its for debit card, charge for the card, charged for card maintenance and charged VAT for both items. During this period I have been isolated due to covid 19 as a requirement. Never requested for card as I don't need a card for that account. Since am not around to go confront them, being trying to use their online help lines to address the issue since 20th of may but yielded no result as the handlers both messenger and WhatsApp is telling me I have to accept the deduction and go get my card. I don't need a card, my question is, is it Mandatory to own a debit card now in Nigeria? If not please kindly advise how to address the fraud now that its just few thousand before they remove millions because as it stands am sharing the account with Union bank that they could unilaterally take any amount at anytime from the account. Thanks.

Some banks makes ATM card compulsory;maybe UBN is among.

You know they make money from the debit card and maintenance fee too.

Just collect the CARD, change your pin and move on.

Nothing will happen to your funds if you protect your security checks well.

Manwarrior55:
Thanks for your kind response sir.

I also do not have the CSCS number I am just reading online how to get one but I would appreciate if you can direct me accordingly.

If you have stockbroker account, put in the CSCS details

If your using bank like Stanbic Ibtc, you may not need to worry yourself with the cscs details since the bank will have custody of your funds with CBN. All your interest payments and capital repayment will still be paid as at when due. Just fill the other aspects of the form.

I bought FGN Bonds with stanbic ibtc some years ago without cscs details and I got all my coupons and capital repayment at maturity.

Though I have all the CSCS details now with my stockbroker.

Note: am not investing in this FGN Suku bond

Manwarrior55:
Sir, so after filling out the form do we submit it to our banks directly or we need to take it to the financial advisers first?

This is my first time of buying bonds so I’d appreciate if you can direct me appropriately. Thanks.

Submit it yourself to the banks or stockbroker listed in the form.

Make sure you have the amount you want to invest in your account and ensure the bank or stockbroker debit your account to CBN before the deadline for the application

sagio09:
I can help you to invest in FGN SUKUK. dm me ur mail.

Oga, he can do it himself.

No private message please.

Just guide him here let everyone sees it

Thanks

just2endowed:
Pls how can someone apply

Stockbroker or bank

Sholapey:
To all parents

There was a very brilliant boy, he always scored 100% in Science.
Got Selected for IIT Madras and scored excellent in IIT.
Went to the University of California for MBA.
Got a high paying job in America and settled there.
Married a Beautiful Tamil Girl.
Bought a 5 room big house and luxury cars.
He had everything that make him successful but a few years ago he committed suicide after shooting his wife and children.

*WHAT WENT WRONG?*

California Institute of Clinical Psychology Studied his case and found “what went wrong?”

The researcher met the boy's friends and family and found that he lost his job due to America’s economic crisis and he had to sit without a job for a long time. After even reducing his previous salary amount, he didn't get any job. Then his house installment broke and he and his family lost the home. they survived a few months with less money and then he and his wife together decided to commit suicide. He first shot his wife and children and then shot himself.

The case concluded that the man was Programmed for success but he was not trained for handling failures.

Now let's come to the actual question, What are the habits of highly successful people?

First of all, there are many people who will tell you about success habits but today I want to tell you that even if you have achieved everything, yet there is a chance to lose everything, nobody knows when the next economic crisis will hit the world. The best success habit according to me is getting trained for handling failures.

I also request every parent, please not only program your child to be successful but teach them how to handle failures and also teach them proper lessons about life. Learning high-level science and maths will help them to clear competitive exams but a knowledge about life will help them to face every problem. Teach them about how money works instead of teaching them to work for money. Help them in finding their passion because these degrees will not help them in the next economic crisis and we don’t know when the next crisis will hit the world..

*"Success is a lousy teacher. Failure teaches you more."*

Thank you Madam.

Let me copy and share

NL1960:
I always say that 'for every relocation by somebody, a space is created for another to occupy'. How i wish these countries can take 20% of Nigerians so that those looking for jobs can take over the spaces.

Loooooool

Mysmartnetwork:
Anybody with a fixed account with firstbank I tried to open a fixed account today with 500k for 6months in the end the certificate shows the future value will be 500731 Naira , had to terminate it immediately wtf , can any one suggest any bank with good interest rate for that amount or any other good investment I can use the money for thx

731 naira after 6months for 500k

Shey FGN Suku bonds de na

11.2% of 500k will give you 28k every six months for 7 years and your 500k will come back after 7 years...

emmanuelewumi:
We always make the mistake of co-mingling our money and that of our business. This usually give a false sense of profitability of the business.

Whatever you put should be a loan which must be paid back at a given time

Even if you are using your property for a business, the business ought to pay rent to you, take care of other running costs, pay you a given stipend as salary, before you can determine the profitability of the business. Most especially if you have been running this business for 2 years and above

This is real accountability.

Mcy56:
Investors rush to Nigeria.....Bloomberg
Topic is on front page.
More money coming to NSE.

Zee arrived KM 17, may still go up more. So also others. As predicted by the Oracle.

Those guys are around...the PFIs. Nsempas let's play smart and wise. Make your money, don't be greedy lest you be the last Kaya carrier.
We're counting on our able Oga RabbiDoracle and few other bosses to keep us updated and alerted. Thanks sir.
We keep monitoring price movements.

Madam, once your stomach is full, jaa oo

Oga RabbiDoracle is a pot belle man, he exists gradually because of his huge portfolios

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29672_SFS_REAL_ESTATE_INVESTMENT_TRUST_FINANCIAL_STATEMENTS_APRIL_2020.pdf
I think this company is cheaper than UPDCREIT.

Please what is their dividend payments history?

Thanks

stcool:
Is OANDO results out?

It seems the shellholders have finally dashed out the company to Wale & Co.

Chai...NSE

The buy pressure is slowing down in the market...once 10% geng come under sell pressure.
Its time to cherry pick...while awaiting Q2 result.

Q2 results may not be too bad afterall

Many of the expected price depreciation may be factored in already

Let's see how far Mr Market will adjust

ndidigood:
not only with a lot of patience and careful planning
But also with loads of money.

Loooooool

The more money is invested, the more juicy the ROI will be

1kinggy:
I'm relatively new on this thread but I think some of the questions being asked here are just from lazy minds. A bit of Google, basic arithmetic and investment sites will clarify the questions. To do anything tangible, we can not rely on the information given by others. Help yourself. Do some basic research and come here with tangible questions.

Oga no get tired of helping

Just continue to help. ......we are brothers and sisters in the Lord

emmanuelewumi:
If should be compulsory, it is jara for you.

Since your investment is more than 8 times your retirement savings account.

Let it be.


98 % of workers won't have any savings if not this compulsory savings by government

Yes Sir.

I noticed there are levels of investing ones pension fund

I think levels 1-4.....I think it was introduced 3 years ago.

The highest percentage return I saw then was level 3 for my age.....so I chose level 3 which has higher percentage ROI. My pension interest became higher than before.

I think I will enjoy this higher interest until age of 60 other thereabout before I will be automatically return to level 1......can't remember the full details.

I got this from my stanbic ibtc pension manager, when I made enquiry on investing my pension myself. At least the interest is better for the last 3 years.

emmanuelewumi:
Mainwhile the insurance company will use his N20 million to buy FG bonds at 11%, making N2.2 million every year paying N110,000 every month to the retiree at a total of N1.32 million every year. Making profit of over 800k every year.


At the end of the 20th year, the insurance company will get a bullet payment of N20 Million, whereas the retiree would have drawn down his annuity payments.

This is why this contributory pension scheme should be voluntary, not compulsory

I need to invest my pension by myself

Sholapey:
Follow madam advice and also investment wisely. Children tend to learn from what they see their parents doing day in day out.

If you're smart, your kids will learn your smartness. Be the book he/she will be reading for a better results. Welcome to our midst, I pray your life will never remain the same as you pay close attention to this thread.

Loooooool

This thread na MBA SCHOOL for any serious investor

kintus:
The truth is, the lockdown opened my inner mind to the numerous opportunity that lies in the investment world.

I limited myself to TB, fixed deposit and sometimes lending to close friends.

With the information and knowledge I have acquired from this forum, I believe it's about time I start something serious.

Your welcome to the world of opportunities

Just ride on

dinyelutochukwu:
Almost 11% Dividend Yield at current price.

Dividend hunters take note.

Yes Sir.

In Sir Coolcash voice. ....we are making money this year ooo

locodemy:
Uacn just pocketed him.
We go soon carry our loot go relieve him small.

Loooooool

Also Guinness has quarantine him with liquor