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Rephaiah

Ask Rephaiah
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  1. Asked: March 21, 2026In: INVESTING & WEALTH BUILDING

    Is Investing ₦1 Million in Stocks Better Than Starting a Business in Nigeria?

    Rephaiah
    Rephaiah
    Replied to answer about 6 days ago

    Great response, the goal for choosing one over another is to make profit right? If the answer is in the affirmative then choosing both and allocating your resources knowledgeably into each of them gives you higher profit and even stability on the long run.

    Great response, the goal for choosing one over another is to make profit right? If the answer is in the affirmative then choosing both and allocating your resources knowledgeably into each of them gives you higher profit and even stability on the long run.

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  2. Asked: June 2, 2026In: STOCK & CAPITAL MARKET

    T+1 Explained: How Long Does It Take to Receive Money After Selling Shares in Nigeria?

    Rephaiah
    Rephaiah
    Added an answer about 3 months ago

    Great Is there any where in the world settlement is done within the same day of transaction? If there's, does it mean it makes their market more efficient than ours?

    Great
    Is there any where in the world settlement is done within the same day of transaction? If there’s, does it mean it makes their market more efficient than ours?

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  3. Asked: May 29, 2026In: PERSONAL FINANCE

    How can I save and invest on a ₦150,000 monthly salary in Nigeria with a growing family?

    Rephaiah
    Rephaiah
    Replied to answer about 3 months ago

    To add a line to this feedback. From your savings, overtime use part of it to build other source of income by learning a skill that will not affect your current work.

    To add a line to this feedback. From your savings, overtime use part of it to build other source of income by learning a skill that will not affect your current work.

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  4. Asked: May 14, 2026In: INVESTING & WEALTH BUILDING

    Which Registered Stockbrokers in Nigeria Allow Trading of International Stocks?

    Rephaiah
    Rephaiah
    Replied to answer about 4 months ago

    Well expanded thanks a bunch

    Well expanded thanks a bunch

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  5. Asked: April 23, 2026In: TAX & GOVERNMENT FINANCE

    How Are Stock Investment Profits Taxed in Nigeria? Do Brokers Deduct Taxes or Do Investors Pay?

    Rephaiah
    Rephaiah
    Replied to answer about 5 months ago

    Thank you for the depth of explanation there. I want to believe that transaction charges like the sec/ngx, brokers commission cscs charges and so on are only deducted at the time of buying the particular stock or do they also occur at exit(when selling)? Your response is will be well appreciated. ThRead more

    Thank you for the depth of explanation there.
    I want to believe that transaction charges like the sec/ngx, brokers commission cscs charges and so on are only deducted at the time of buying the particular stock or do they also occur at exit(when selling)?
    Your response is will be well appreciated. Thanks

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  6. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    What are Investor's benefits Apart from dividend?

    Rephaiah
    Rephaiah
    Added an answer about 5 months ago

    Dividends from a company it's just a token of appreciation from the company. The real deal in investing in the stocks market may include: Long term wealth building, capital appreciation and so on

    Dividends from a company it’s just a token of appreciation from the company. The real deal in investing in the stocks market may include: Long term wealth building, capital appreciation and so on

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  7. Asked: March 30, 2026In: TAX & GOVERNMENT FINANCE

    How Is Tax Applied on Mutual Fund Interest in Nigeria When Earnings Are Reinvested Quarterly?

    Rephaiah
    Rephaiah
    Replied to answer about 6 months ago

    Thanks I appreciate it greatly

    Thanks I appreciate it greatly

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  8. Asked: March 27, 2026In: BUSINESS & ENTREPRENEURSHIP

    What Does the “Is This Question a Poll?” Feature Mean on Fokona and How Does It Work?

    Rephaiah
    Rephaiah
    Added an answer about 6 months ago

    It's optional, in a simple language: it allows people to vote on a particular subject matter raised by you. if you want people to vote on particular issue bordering your mind or you want people to air their view on the particular subject matter by knowing the ratio of vote to help you make your deciRead more

    It’s optional, in a simple language: it allows people to vote on a particular subject matter raised by you. if you want people to vote on particular issue bordering your mind or you want people to air their view on the particular subject matter by knowing the ratio of vote to help you make your decision, you can check the poll box. I hope this helps

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  9. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    How Are Returns Generated and Reinvested in a Money Market Fund?

    Rephaiah
    Rephaiah
    Added an answer about 6 months ago

    Going by the name in a simple language as Mama Ngozi will read and nod her head in agreement, let's say is a market where money meet money from different hands, these people pooling their money have the same goal of increasing their money from the initial capital they invested, this pool of money isRead more

    Going by the name in a simple language as Mama Ngozi will read and nod her head in agreement, let’s say is a market where money meet money from different hands, these people pooling their money have the same goal of increasing their money from the initial capital they invested, this pool of money is further manage by professional in the capital market giving interest rate usually between 15% to 20% which is dependent on the flow of inflation but the good aspect of this fund market is that your capital is secured and your interest though not stable still comes daily

    Compounding in mmmf works thus: the interest gain on your investment is calculated daily and accrued for a period of 90days that is quarterly and it’s reinvested into your portfolio to increase your initial deposit or monthly deposit and by so doing the gains from interest increases as well. I hope this helps.

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  10. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    Different between stock and Share?

    Rephaiah
    Rephaiah
    Added an answer about 6 months ago

    In Mama Ngozi way, to different between stock and share. let's say Mama bought a bunch of banana from ariara market the bunch stands for the stock and each seed of the bunch represents units called shares. I hope this helps.

    In Mama Ngozi way, to different between stock and share. let’s say Mama bought a bunch of banana from ariara market the bunch stands for the stock and each seed of the bunch represents units called shares. I hope this helps.

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