₦airaland Forum

afroxyz:
Wow. With a visa card linked to a nigerian bank?

Via Wallet Africa Virtual Dorm Card cos of the limit...
Bt it should also go with normal Visa Card..
Since kenny could fund the Skrill with his MCard..

afroxyz:
When did u carry out these transactions?

last one ..
28/08/2021...

Raxxye:
We die here!

What lift a man is not the location...
But Gods connection....
Its Heaven that elevates a Man...

erwinschro:
Once I get the form from my stockbroker, do I submit it back to them or to the registrar?

Stockbroker

erwinschro:
I filled the form online some weeks ago as well and they said something about purchase transfer form with my stockbroker/cscs

See Loco mail above...
Just contact your stockbroker for the transfer form

lwisee:
A lot of people will do bro, people with clean money will surely do.

Buhari govt will go...
Another one will come... 2023...
And freeze it...ban it and kill it...
Leave the masses on their own ...
We have been in this system long enough to know
How it works....

Kereokwu:
Good day sir, did you go to your bank to sign the e-mandate form or you filled and submitted without the bank wahala?

They have an online portal on their website...
Just fill your info...
Attach soft copy of your passport.... signature and Id Card..
You submit...
Thats all...
No need to go ur bank...

handsomebolanle:
Onboarding on US stock is still easier. Dividend processing on NGX is even annoying

We are movin forward...
Just filled my e dividend mandate online...
For MTN, Dang Cement.. etc
With Coronation Registrar....
Upload my ID, Photo & Signature....
Perfect and Seamless process
At the comfort of my home.....
Hope other registrar will adopt the practice..

Kennyking1234:
skrill is a fruad. They make PayPal discrimination look cute. Thank God I used only $1.18 with them. I can't withdraw with it. They allowed me deposit with MasterCard. Fine, I tried to deposit to T212 only to be getting an error that I deposited with a MasterCard so I can't pay to trade212.

I also tried withdrawing my deposit ($1.18). The fraudsters declined saying I can only withdraw to a Visa card. But they Initially allowed me deposit with a MasterCard without any notice.

I use Visa Card....
I have funded my acct more than twice...
And trsf same to T212 successfully...
Try Visa Card pls
Also try to read rules guiding deposits and withdrawal...

Omooba77:
Why are we not seeing Miracles as of Old?

Folks of 2day dont pray again...
Too many distractions...
Phones.. TV... Socia Media...
Business.. tighte...offering....hustlins...
How many folks can pray for a minimum of three hours daily for a year...
I ve been reading about the prayer life of Apostle Joseph Ayo Babalola...
It was written that he could pray for 3 days non stop...

Light yourself on fire with passion and people will come from miles to watch you burn.' John Wesley

afroxyz:
They said they are not accepring cards from Nigeria again. Guess its by wire transfer now

Use Skrill...
Its working...

Mpeace:
Nothing written on the result to show it is audited.

Check the pg 27 of the report...
Their is a section for PWC ...
On the audit of the interim report..

Kennyking1234:
me I don't use stop loss I don't even understand how its works, let me ask did you buy at all time highs?

It means... u must sell a stock...
Once your loss reach a certain percentage....e,g 5%....10%
The underlyin assumption is the need to protect your capital....
First and Foremost ...while u can think about profit on a later date....
For example.... if you sold your stock at 10% loss....
U will still have some capital available to recover from your loss.......
Rather than havin a 70% loss....
And have to wait for the stock to recover ...
And/or find additional capital to push up your position....

MTN Dividend landed 2day...
More grace...

lessonotes:
Ok

Pls start with the Nigerian Stock Exchange...
Sharpen your skills and gain more confidence...
U can gradually move to foreign stocks...
As your level of mastery increase....
Both mkt have its merits and demerits..

Lion123:
I keep telling people that real estate in Nigeria is nonsense, especially if you are building to rent. Also, if you are buying land to hold for a long time. Nonsense also. By the time inflation and devaluation give you blow, you go no. We bought land somewhere for N3 million in 2010 when dollar was about N160. We sold the land for N9 million recently. When you consider inflation and devaluation, we lost money. The only way to do real estate is to build and sell immediately.

U cant eliminate risks in any invst class....
Stock, fixed income, real estate, crypto, foreign stocks etc
U can only manage risks...
with a proper diversified porfolio...
I build one bedroom bungalow for rentage...
It had been a major source of relief at various point in time...
Bad days when the stock mkt is bearish ...
Dark days when fixed income rate is not encouragin...

ositadima1:
I hope u read my initial post. Investing in bitcoin is ok, but the bulk of ur money shouldn't be in it(most gurus advice 5 to 15% of ur assets). I was responding to @jedisco who was implying that moving ur assets to crypto was a good way to edge against naira devaluation.

Like I said before, cryptos are purely speculative in nature.

Absolutely correct...
I have long position in Bitcoin and Ethereum...
Both not more than 5 percent of my entire portfolio...
Remainin 10 percenton stocks that run a solid bizness...
And at the same time have exposure to crypto....

shariff84:
No,you can keep it in ordinary bag it will not spoil.

Ok and thks...
Will be doin biz with u
Very Soon...

CBN will never do any investigation ...
On this dollar bribes among the political elites...
Dollars wey dey scarce and yet available to the political elites...
CBN will start blamin fintechs and crypto users...
Freezing fintechs account...
Issuin ban up and down on crypto users...
Ordinary Nigerians tryin to make a livin...
I just dey laugh in 5G.

Hi,

What about ungrinded Elubo ?
Do we need PICs bag for this ?

Willie2015:
https://doclib.ngxgroup.com/Financial_NewsDocs/33896_MTN_NIGERIA_COMMUNICATIONS_PLC%20MTN_NIGERIA_DIVIDEND_IN.pdf

MTN
Int Div of N4.55 ...
Up by 30 percent from last int div... that's generous
Results also lookin good..
Though with lower Free Cash Flow increase...
When compare with Airtel result...
Hope it can cross the N200 mark....
just like Total ....
after the interim div of N4..
Dis: Hold long position in both MTN & Airtel

MTN failed to deliver...
Did not even make the 52 week High price ...
of N183 .........
Sold 70% of my holding.....
with N10 margin...... plus expected dividend of N4 plus
As.....At at all ...at all... Na in bad pass....
Lookin to pick more Airtel and Presco ...

ositadima1:
Flourmill and/or Seplat look like they will move up soon. What do u think?

Not a fan of Flourmill...
Seplat is still high...
Fair value is btwn 670-700...
We just need to wait if it will come down....

femarse:
the way u guys keep making noise about banks hoarding fx is alarming , and nothing short of knowledge gap

the banks can not hoard fx, they dont own it in the first place , u dont get how it works
scrapping BDC is the best decision CBN has made in recent times

To get your PTA/BTA, U submit your documentation which is then sent to the bank headoffice electronically , who then review and if requirements are met , sent to CBN who then disburse funds to the bank , that is how the process works for all banks, most times people complain of not getting it on time, thats because 1 too many applicants, 2 your details are not correctly filled and the guy reviewing just get tired and moved to others that dont have issues

BDC people are the ones that makes it looks like our life depends on dollars, it doesnt and shouldnt , even now if u take PTA and later cancel your flight, they know u are taking fx to sell to BDC, U will be blacklisted cos they now check flight of people taking PTA
NIGERIANS themselves are the ones sabotaging economic effort looking for personal profit rather than general well being of everyone

You have simply state the official process...
The Banks knows how they keep their activities off regulatory oversight...
As u have pros that hide illicit fund for politicians in off shore accounts...
They have experts too....
Even the Almighty CBN acknowledges the practice...
Lastly... CBN disburse to Banks....
Banks select branches to handle FX. sales with Head Office inclusive ...
They review documentation... they disbursed to clients.....
Banks FX Unit renders periodic report to CBN...
While CBN come for periodic audit...

https://guardian.ng/news/cbn-moves-to-end-round-tripping-in-banks-monitors-otc-forex-sales/

007s:
Nigerians can be so opinionated.

CBN ban sales of forex to BDCs because they've become conduit for fraud, money laundering, and also because of the arbitrage trading most of them engage in.
A BDC would get $20,000 at CBN rate of 410 naira and would sell in bulk to existing offtakers at around 490 naira, making almost N2,000,000 per week without breaking a sweat, while indirectly sending price of goods and inflation rate high.
Banning forex sales to BDC is a welcome development, CBN should only perfect this policy by increasing volume of forex available to Banks, such that forex easily accessible via banking platforms

And you think the Banks wont sell to BDC....
And make clean profit without stress...
Dats blood money for the Banks....
CBN is simply makin policies to favor d Banks...
Let every other users go to HELL...
Have you forgotten the $153 million dollars Fidelity Bank Saga....

Elsueno:
But how many people way dey those platform get millions of dollars?

Majority of people using them have less than $1k on average. The highest ones have around let's say $100k & they are really small in number.. So the issue of affecting the naira is not on dat side....One politician can steal the total amount in that finetech account & hide it abroad.

To me, it this action was taken to strengthen the naira, then it's a waste of time..They said same for crypto but things actually got worse for the naira after it

Dont mind them...
CBN should tell us how illicit funds stolen by politicians and Naija elites end up in offshore accounts..
Another unserious policy from the CBN..

Nigerialabalaba:
FG may not be popular with some decisions but on this one, CBN just caught the errand boys for the real economic bandits and saboteurs. Ds platforms are not only involved in illicit forex trade , they are conduits for money laundering & just hide under trading in foreign stocks. Some of d people backing these platforms are even former top CBN officials!
Be careful if anyone is selling you products to help you "edge against inflation " by buying US stocks. It's all a front!
CBN will expose more in coming days. CBN is on top of dia mata. Another set are d agroinvest 'fintech', dos ones are doing crypto! Dey have no farm anywia! Era of free & dirty money to dey use pepper hardworking upright folks don end o, my pple, NSE is the koko.

CBN with another hammer!
Throwin the baby out with the bathwater ....
Instead of fixing these fintech challenges.....
By raisin the level of disclosure of their source of FX on a regular basis....
Lets kill them with ban and freeze their accounts...
Typical crude & reactive way of handling issues by Naija regulatory bodies...
Folks are still tradin Crypto even with their ban...
CBN should understand that the world is a global village....
And foreign fintechs will continue to emerge .....
And will serve the Nigerian unemployed youths seekin for survival....
They should kontinue to kill startups fintech.
That's providin jobs for Nigerian masses
Jobs they could not create......

samsonadekoya12:
Thanks. Just checked the rate of dollar to Naira exchange in passfolio. 521 naira to dollar..Wow.

Wetin we go do now.....

samsonadekoya12:
Minimum deposit requirements for passfolio?

$0

[quote author=samsonadekoya12 post=104912610][/quote]Passfolio is registered with the..
FINRA and SIPC...
Dats a solid regulatory oversight..

IyaTola:
Try and withdraw and see if you can withdraw. Just wondering, why was Passfolio excluded from the CBN court issue?

Passfolio is not a Nigerian fintech...
Coy is based in the US...
And makes the app available in over 170 countries....
Dont think they source their FX need....
in Naija here.

Born2conquer:
It’s a IN and out things,
Nigerians convert the naira to Dollar and trade with the dollar and also convert the Dollar to naira once they make profit.

Is this not aiding the economy growth?

One of the major reasons ..
I dont use Naija Fintechs
for my foreign tradin transactions....
CBN will just wake up one day ...
And start freezin accts...
and placin ban up and down...

zionaigbokhan:
I tried buying stocks today from my Morgan account and was told my account is suspended. I have called Morgan and they assured me of getting back to me. Is anyone experienceing same thing?

Same thing here too ....