Yes, you can actually fund your brokerage account with different bank accounts, but you can only withdraw into the bank account registered in your brokerage account, except in a situation where other accounts are added.
Yes, you can actually fund your brokerage account with different bank accounts, but you can only withdraw into the bank account registered in your brokerage account, except in a situation where other accounts are added.
In order to purchase a land free from litigation, it is imperative to check the following: 1. Verify Ownership & Title: Do not rely on promises; verify the true owner's name on the title document. 2. Conduct Registry Searches: Perform searches at the Land Registry, Probate Registry, and Court ReRead more
In order to purchase a land free from litigation, it is imperative to check the following:
1. Verify Ownership & Title: Do not rely on promises; verify the true owner’s name on the title document.
2. Conduct Registry Searches: Perform searches at the Land Registry, Probate Registry, and Court Registry to check for encumbrances or existing lawsuits.
3. Physical Inspection: Visit the site to ensure it matches the survey plan and check for signs of occupation, such as existing farm crops or markers.
4. Confirm Family Consent: When buying family land, ensure the family head and all principal members consent to the sale, preventing disputes with other branches of the family.
5. Obtain a Valid Deed of Assignment: Execute a deed of assignment and register it at the Land Registry to secure your title against future claims.
Limited Liability Company (LLC) is actually safe when it comes to tax. A Limited Liability Company whose earnings is less than 100 million is exempted from tax.
Limited Liability Company (LLC) is actually safe when it comes to tax. A Limited Liability Company whose earnings is less than 100 million is exempted from tax.
Identify the Registrar for First bank shares, log into the portal and fill the e-dividend mandate form. Any unclaimed dividends would be visible and you can then claim it.
Identify the Registrar for First bank shares, log into the portal and fill the e-dividend mandate form. Any unclaimed dividends would be visible and you can then claim it.
Key considerations: 1. Ensure that the stockbroker is registered. 2. Start with low-risk investment plan. It is imperative to start trading with an amount you can afford to lose. 3. Buy blue-chip stocks: Blue-chip stocks are shares of companies that are large, strong, popular, and they also pay diviRead more
Key considerations:
1. Ensure that the stockbroker is registered.
2. Start with low-risk investment plan. It is imperative to start trading with an amount you can afford to lose.
3. Buy blue-chip stocks: Blue-chip stocks are shares of companies that are large, strong, popular, and they also pay dividends. They are less likely to collapse suddenly.
4. Ensure to diversify: Invest in different sectors and industries of stocks. Diversification helps to spread risk and balance losses.
5. Check the liquidity status of the stock before buying: Liquidity is the ability to buy and sell shares quickly and fairly. There are stocks of high liquidity and stocks of low liquidity.
6. Check total debt v net debt: A company whose net debt is very close or greater than its total debt is not financially healthy.
MTN has declared its final dividend this year, and since you bought MTN shares last month, you are eligible to receive MTN dividend. This is how it works. * First step: Ensure to fill the e-dividend mandate form in order to receive the dividend, that is if you have not done so. The purpose is to manRead more
MTN has declared its final dividend this year, and since you bought MTN shares last month, you are eligible to receive MTN dividend.
This is how it works.
* First step: Ensure to fill the e-dividend mandate form in order to receive the dividend, that is if you have not done so. The purpose is to mandate the registrar to pay your dividends into the bank account filled in the form. The name of MTN Registrar is Coronation Registrar Limited.
* MTN ex dividend date is April 8th: This is also known as the qualification date. Investors who bought shares before or on April 8th is eligible to receive dividends.
Since you bought MTN shares last month, you are eligible to receive yours. Meanwhile, dividend is paid according to the unit (number) of shares you own.
* Record date: This is the day the company checks its record to identify shareholders who bought shares before or on the ex dividend date (April 8th)
* Payment date: This is the day dividends will be paid to eligible shareholders. The payment date for MTN dividends is May 5th.
You should expect your dividends around or on May 5th, 2026.
A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). HowevRead more
A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). However, it is imperative for investors to remember that the last-traded price is not necessarily the price at which a market order will be executed, whereas…
A limit order is an order to buy or sell a security at a specific price or better (higher). A buy limit order used when buying can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher (this aids higher returns). Example: An investor wants to purchase shares of ABC stock for no more than 400 naira per share. The investor could submit a limit order for this amount and this order will only execute if the price of ABC stock is 400 naira or lower.
In placing a market order, there is no specific price, the order executes at the current price or near the current price, while in placing a limit order, there is usually a specific price which would be executed once that price is hit.
There is also a stop-order.
A stop order, also referred to as a stop-loss order is an order to sell a stock once the price of the stock reaches the specified price, known as the stop price.
The stop-loss order is used to protect capital and returns when there is a drop in share price.
Steps to verify the authenticity of a company: 1. Ensure the company is registered with the Corporate Affairs Commission (CAC) and also regulated by the appropriate body. If it's in the financial sector, it must be regulated by CBN, if it's an investment firm, it must be registered with the SecurityRead more
Steps to verify the authenticity of a company:
1. Ensure the company is registered with the Corporate Affairs Commission (CAC) and also regulated by the appropriate body. If it’s in the financial sector, it must be regulated by CBN, if it’s an investment firm, it must be registered with the Security and Exchange Commission (SEC).
2. Check the total debt v net debt of the company. A company whose net debt is very close or greater than its total debt is not financially healthy.
3. Insurance: Check if the company is under an insurance cover. In a situation where the company goes bankrupt, and its liquidated assets is unable to clear its debt, who takes up the responsibility?
4. Check the track record of the company to know how long the company has been in operation. Also check the cash engines of the company, that is, find out how the company generates revenue. A company that has multiple cash engines cannot easily collapse.
5. Ensure to read the company’s client/customer’s policy. Check if it favours the client or it only/mainly favours the company.
Can I Fund My Investment Account with a Different Bank Account in Nigeria?
Yes, you can actually fund your brokerage account with different bank accounts, but you can only withdraw into the bank account registered in your brokerage account, except in a situation where other accounts are added.
Yes, you can actually fund your brokerage account with different bank accounts, but you can only withdraw into the bank account registered in your brokerage account, except in a situation where other accounts are added.
See lessWhat are the basic things to look out for when buying land ?
In order to purchase a land free from litigation, it is imperative to check the following: 1. Verify Ownership & Title: Do not rely on promises; verify the true owner's name on the title document. 2. Conduct Registry Searches: Perform searches at the Land Registry, Probate Registry, and Court ReRead more
In order to purchase a land free from litigation, it is imperative to check the following:
1. Verify Ownership & Title: Do not rely on promises; verify the true owner’s name on the title document.
2. Conduct Registry Searches: Perform searches at the Land Registry, Probate Registry, and Court Registry to check for encumbrances or existing lawsuits.
3. Physical Inspection: Visit the site to ensure it matches the survey plan and check for signs of occupation, such as existing farm crops or markers.
4. Confirm Family Consent: When buying family land, ensure the family head and all principal members consent to the sale, preventing disputes with other branches of the family.
5. Obtain a Valid Deed of Assignment: Execute a deed of assignment and register it at the Land Registry to secure your title against future claims.
See lessHow Do LLC Taxes and Filing Work in Nigeria for Small Poultry and Egg Businesses?
Limited Liability Company (LLC) is actually safe when it comes to tax. A Limited Liability Company whose earnings is less than 100 million is exempted from tax.
Limited Liability Company (LLC) is actually safe when it comes to tax. A Limited Liability Company whose earnings is less than 100 million is exempted from tax.
See lessHow Can I Retrieve Unclaimed Dividends From First Bank Shares in Nigeria?
Identify the Registrar for First bank shares, log into the portal and fill the e-dividend mandate form. Any unclaimed dividends would be visible and you can then claim it.
Identify the Registrar for First bank shares, log into the portal and fill the e-dividend mandate form. Any unclaimed dividends would be visible and you can then claim it.
See lessHow Can a Beginner Safely Navigate Investment Apps and Choose the Right Stocks and Platforms Before Investing?
Key considerations: 1. Ensure that the stockbroker is registered. 2. Start with low-risk investment plan. It is imperative to start trading with an amount you can afford to lose. 3. Buy blue-chip stocks: Blue-chip stocks are shares of companies that are large, strong, popular, and they also pay diviRead more
Key considerations:
1. Ensure that the stockbroker is registered.
2. Start with low-risk investment plan. It is imperative to start trading with an amount you can afford to lose.
3. Buy blue-chip stocks: Blue-chip stocks are shares of companies that are large, strong, popular, and they also pay dividends. They are less likely to collapse suddenly.
4. Ensure to diversify: Invest in different sectors and industries of stocks. Diversification helps to spread risk and balance losses.
5. Check the liquidity status of the stock before buying: Liquidity is the ability to buy and sell shares quickly and fairly. There are stocks of high liquidity and stocks of low liquidity.
6. Check total debt v net debt: A company whose net debt is very close or greater than its total debt is not financially healthy.
See lessWhich Billionaire Investor in the World Would Have the Greatest Impact on Your Financial Growth If You Met Them?
Warren Buffett. He is at the top of my list. I so much admire his discipline towards long-term investment.
Warren Buffett. He is at the top of my list. I so much admire his discipline towards long-term investment.
See lessWhat Does the “Is This Question a Poll?” Feature Mean on Fokona and How Does It Work?
Exactly! You can also earn points from it.
Exactly! You can also earn points from it.
See lessWhen Do You Start Receiving Dividends After Buying MTN Nigeria Shares?
MTN has declared its final dividend this year, and since you bought MTN shares last month, you are eligible to receive MTN dividend. This is how it works. * First step: Ensure to fill the e-dividend mandate form in order to receive the dividend, that is if you have not done so. The purpose is to manRead more
MTN has declared its final dividend this year, and since you bought MTN shares last month, you are eligible to receive MTN dividend.
This is how it works.
* First step: Ensure to fill the e-dividend mandate form in order to receive the dividend, that is if you have not done so. The purpose is to mandate the registrar to pay your dividends into the bank account filled in the form. The name of MTN Registrar is Coronation Registrar Limited.
* MTN ex dividend date is April 8th: This is also known as the qualification date. Investors who bought shares before or on April 8th is eligible to receive dividends.
Since you bought MTN shares last month, you are eligible to receive yours. Meanwhile, dividend is paid according to the unit (number) of shares you own.
* Record date: This is the day the company checks its record to identify shareholders who bought shares before or on the ex dividend date (April 8th)
* Payment date: This is the day dividends will be paid to eligible shareholders. The payment date for MTN dividends is May 5th.
You should expect your dividends around or on May 5th, 2026.
See lessWhat Is the Difference Between a Market Order and a Limit Order in Stock Trading?
A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). HowevRead more
A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price. A market order generally will execute at or near the current bid price (for a sell order) or ask price (for a buy order). However, it is imperative for investors to remember that the last-traded price is not necessarily the price at which a market order will be executed, whereas…
A limit order is an order to buy or sell a security at a specific price or better (higher). A buy limit order used when buying can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher (this aids higher returns). Example: An investor wants to purchase shares of ABC stock for no more than 400 naira per share. The investor could submit a limit order for this amount and this order will only execute if the price of ABC stock is 400 naira or lower.
In placing a market order, there is no specific price, the order executes at the current price or near the current price, while in placing a limit order, there is usually a specific price which would be executed once that price is hit.
There is also a stop-order.
A stop order, also referred to as a stop-loss order is an order to sell a stock once the price of the stock reaches the specified price, known as the stop price.
The stop-loss order is used to protect capital and returns when there is a drop in share price.
See lessHow Can I Verify the Authenticity of an Investment Company Before Committing My Money in Nigeria?
Steps to verify the authenticity of a company: 1. Ensure the company is registered with the Corporate Affairs Commission (CAC) and also regulated by the appropriate body. If it's in the financial sector, it must be regulated by CBN, if it's an investment firm, it must be registered with the SecurityRead more
Steps to verify the authenticity of a company:
1. Ensure the company is registered with the Corporate Affairs Commission (CAC) and also regulated by the appropriate body. If it’s in the financial sector, it must be regulated by CBN, if it’s an investment firm, it must be registered with the Security and Exchange Commission (SEC).
2. Check the total debt v net debt of the company. A company whose net debt is very close or greater than its total debt is not financially healthy.
3. Insurance: Check if the company is under an insurance cover. In a situation where the company goes bankrupt, and its liquidated assets is unable to clear its debt, who takes up the responsibility?
4. Check the track record of the company to know how long the company has been in operation. Also check the cash engines of the company, that is, find out how the company generates revenue. A company that has multiple cash engines cannot easily collapse.
5. Ensure to read the company’s client/customer’s policy. Check if it favours the client or it only/mainly favours the company.
See less