₦airaland Forum

culf:
if you can pick a fixed insurance policy, it will pay you more and its safe.

Insurance companies has bad reputations and for good reasons too

IamPlato:
is fixed account actually a really good investment

It gives low interest rate but it guarantees capital preservation unlike stocks

IamPlato:
investment offers or shares, which ever is available sir

You can buy Nigerian bank shares on the Nigerian Exchange through a stockbroker.
You can also do fixed deposit through your bank.
Hope this helped.

IamPlato:
Please are there any current bank investments I can enter into

What do you mean?
Do you mean investments offered by a Nigerian bank?
Or you want to buy shares of a nigerian bank?

delvzy:
Is the CHAKA platform okay to start your investment journey in the Nigerian Stock Exchange?
Any Pros and Cons to consider before putting funds in such platform?

Run oh.
Run
So many Cons
No Pros

Mpeace:
I no dey follow bad news, but $ is back to 815.

Source?

Biakwa:
I wonder my brother even on the 13.99% they will charge you WHT on the interest now as FGN has instructed banks to start taking WHT effective January this year..14.5% was last bid rate so he should reconfirm. Am sure most bid will fail as they will be projecting 14-15%..

How many percentage is the WHT on Treasury bills?

yMcy56:
MTO Form
https://cardinalstoneregistrars.com/forms/

* Had to search for the form due to Uncle Tolu's post here........So some actually saw it and didn't notify the house. It's well o. No one owe anyone anything after all.

**Offer opened on 2nd Nov and closing on 23rd...

After completion,
Am i to submit the form to the stockbroker or to the registrar?
Answer:Registrar

N

Toluway:
So Union Bank has finally been bought and delisted.
Cornerstone Registrar asked me to fill a form to enable get my invested money at #7 per share.
Who knows whether any other stock in my portfolio has threaded the same path!

How did you get the form?

dunsin125:
Where did you move to? Trove?

Nowhere.
I sold the stocks

emmanuelewumi:
If you started buying United Capital shares in 2013 and your average cost price is N3.00. Based on the dividend of N1.50k paid last year, your yield on cost is 50%.

What other stock has given this yield on cost?
2013 is 9 years ago though.

Rubyjade:
From 2022 all $ notes 2021 and below will be rendered invalid. So I think those hoarding $ FX are returning dem back to Banks. Demand is reducing

Notice that € and £ aren't falling d way $ is

Also, FED Pivot is the major cause, the market is not responding well to it. The US is changing its monetary policies and if one of those rumours flying around is true of not accepting bills printed less than 2021, then it may get catastrophic further.

This is a lie.
Stop spreading misinformation

dunsin125:
How many people have more than $10k to invest?

Don't mind the guy.
Maybe he is a Chaka's Staff

dunsin125:
Thank you, I'll do that.

I recently received the same email message, I have sold my shares with Chaka though at a loss.
It's still better than the $1/month subscription fee.
This fintech companies are something else.

yomi007k:
You better be celebrating.

4 words
Wisdom equivalent to that of Solomon

Entrepreneurrr:
seems gtfund mmf is becoming something else. If i did not call them on phone they will not update my account

What do you mean by update your account?

My shares are only nigerian companies shares.Maybe that's why i didn't receive the email message.
It seems you have shares on USA Stock exchanges(NYSC OR NASD OR BOTH)
Either way this charge is totally bad, Chaka just want to milk you of money as a customer.
Other stock trading platforms don't charge this, they are the only one charging this.
This is akin to you paying a subscription to trade stocks.
My advise is to sell your stocks and close the account.

dunsin125:
Abeg who received email from Chaka about this their new maintenance fees per month?

Tell me more or upload a picture of the email to this thread.
I have a few shares with that platform.
Although it's been a few years since i last used them.

Jeweltz:
Is any of you looking for a wife? I'm � beautiful, educated, respectful, submissive, Godly, know how to cook.

Only a guy living in Canada please, and must not be on student visa.
Men in Nigeria are Heartbreakers and liars

Where's your picture?

Court Seals First Bank Offices In Umuahia
https://www.nairaland.com/7422880/court-seals-first-bank-offices

Firstbank in for a drop in revenue in Q4 due to this.

maishai:
I keep asking who are those buying dollars @ the CBNs official rates........ Day light robbery is going on under our noses in Nigeria.......People keep spewing thrash and will dish out arguments based on ethnic bigotry.......

How can we bring accounterbility back to this country..........

The people buying dollar at official rates must have names......., This vawulence must not end only with the masses

Bua group
Dangote group
Associates of the CBN Governor
Associates of the President and so on.

Na uncompleted hotel you dey sell for N850M

Y

Phlinx:

ETB offered me at 3.5 percent and I balked

ETB?

How can I start lending business with collateral as an individual?

Hogwarthtrades:
well done everyone .. a lil sedgeway; how do you guys who are self employed deal with taxes after sales of shares. This is for educational purpose for future planning. Thanks for your candid response.

"Igi Paw-Paw oni wo pa wa oh" - as a stalwart on this forum will say

Which kind of tax?
Is it capital gains, Withholding tax or VAT?

RabbiDoracle:
OK. Let me break it down. And let no one see this as me blowing my bubble.

I live in Turkey (unfortunately close to Russia separated by the black sea) and that is why I am concerned about some nuclear rhetoric.

Here inflation is 83% as at September 2022. This one na govt report o. Interest on bank deposit is 16%. So things are really expensive. Exchange rate (USD - lira) rose spectacularly in 2021 (from 6+ to 18) and it had remained so till 2022 (18+).

So what do people do to beat inflation? They buy cars and flip. Some buy houses and flip. Then people buy food and store. These are real assets. Real goods.

Those who have change to spare buy equities of the companies that produce real goods. Because during inflation, you must make necessary provisions for basic things. So you must buy these at those high prices. These go to the companies as increasing revenues and after cost of sales and other expenses, they still shell out massive returns. They pay Dividends. Stock make parabolic rise.

I have noticed that lots of companies that produce goods had their stocks rise between 500% to 1, 000%. Some are even more. I have quite a few names scattered in the affected sectors that these global events impact. So I write based on experience.

If you are holding cash when inflation is 83% and interest on deposits is just 16%, then you will be instantly crushed.

Now going back to Nigeria, inflation (govt reported) is 20% and what is the fixed deposit rate? Maybe 17%. This is nothing. You are still in financial repression where your funds lose money in a double whammy of lower fixed deposit rates vs inflation and devaluation. So what do you do because its gonna get worse before it gets better.

Though NSE isn't so deep like in Turkey where you trade wheat stocks, natural gas stocks, electric company stocks, steel stocks, dry food stocks, leasing, pharma and electronics etc. However we still have food stocks on NSE. You may think they won't rise, but when it starts, it goes very fast.

I have seen stocks do 500% in 3 months here. The most important is for one to ensure that every N1 you get doesn't stay as cash. You could be losing initially but it will be coming back as dividends which you can spend. If it is staying as cash, you will be spending it on highly costly goods(food, drink, energy cost etc) which would deplete your savings fast unlike when you are using dividends to offset these if you were invested in good dividends paying stocks.

And if you get like +1,000%, then you know what to do.

Inflation is beneficial to me and it is what I'm experiencing now. So I speak from experience.

Where is fixed deposit rate 17% in Nigeria?

h

g