1 Requirements Bank account with Stanbic IBTC BVN CSCS account for shares and bonds Email and phone number linked to your bank 2 Step by step online Step 1 Log in to Stanbic IBTC mobile app or internet banking Step 2 Go to investments or wealth section Step 3 Select FGN Bond Step 4 Choose amount minRead more
1 Requirements
Bank account with Stanbic IBTC
BVN
CSCS account for shares and bonds
Email and phone number linked to your bank
2 Step by step online
Step 1 Log in to Stanbic IBTC mobile app or internet banking
Step 2 Go to investments or wealth section
Step 3 Select FGN Bond
Step 4 Choose amount minimum is usually 50000
Step 5 Pay from your Stanbic account
Step 6 You will get confirmation and interest is paid every 6 months
Bottom line
No branch visit needed if you already have Stanbic account BVN and CSCS
Contact Stanbic wealth desk on app for help if CSCS is not linked
1 FGN Bond Pays about 14 percent plus per year Backed by FG so very low risk 2 Opay Savings Pays higher rates than FGN Bond Higher rate usually means higher risk Opay is licensed by CBN and NDIC covers up to 500000 But rates can change and it is not as safe as FG bonds 3 Bottom line FGN Bond is safeRead more
1 FGN Bond
Pays about 14 percent plus per year
Backed by FG so very low risk
2 Opay Savings
Pays higher rates than FGN Bond
Higher rate usually means higher risk
Opay is licensed by CBN and NDIC covers up to 500000
But rates can change and it is not as safe as FG bonds
3 Bottom line
FGN Bond is safer but lower flexibility
Opay is flexible and higher return but not risk free
Do not put all your money in one place spread it
How to fix it 1 Go to any stockbroker or your bank investment unit 2 Register for CSCS account with BVN ID and passport photo 3 Link your bank account to the CSCS account 4 After 1 to 2 days you will get a trading account number 5 Use that number to buy shares Bottom line You need CSCS plus broker fRead more
How to fix it
1 Go to any stockbroker or your bank investment unit
2 Register for CSCS account with BVN ID and passport photo
3 Link your bank account to the CSCS account
4 After 1 to 2 days you will get a trading account number
5 Use that number to buy shares
Bottom line
You need CSCS plus broker first before you can buy shares
1 Open bank account with BVN and CSCS account 2 Wait for DMO subscription every month 3 Go to your bank or stockbroker with minimum 5000 4 Get paid interest every 3 months directly to your bank Safe low risk and backed by FG
1 Open bank account with BVN and CSCS account
2 Wait for DMO subscription every month
3 Go to your bank or stockbroker with minimum 5000
4 Get paid interest every 3 months directly to your bank
Got you 1 *What is discounted rate* It is the interest you earn when you buy a treasury bill below its face value Example CBN sells you 100000 TB for 95000 The 5000 difference is your profit 2 *How to calculate it* Formula Discounted Rate equals Face Value minus Purchase Price divided by Face ValueRead more
Got you
1 *What is discounted rate*
It is the interest you earn when you buy a treasury bill below its face value
Example CBN sells you 100000 TB for 95000 The 5000 difference is your profit
2 *How to calculate it*
Formula
Discounted Rate equals Face Value minus Purchase Price divided by Face Value times 360 divided by Days to Maturity times 100
Simple version
Take the profit divide by face value divide by number of days multiply by 36000
Example
Face value 100000 Purchase price 95000 Days 91
Profit is 5000
5000 divided by 100000 divided by 91 times 36000 equals about 1978 percent
Bottom line
Discounted rate shows how much return you get for buying TB below face value The longer the days and bigger the discount the higher your rate
1 What is indexation It adjusts your investment cost based on inflation so your profit looks smaller on paper 2 Why it is important for long term If you hold a mutual fund for many years prices go up due to inflation Indexation reduces your taxable profit 3 How it helps returns and tax Example You bRead more
1 What is indexation
It adjusts your investment cost based on inflation so your profit looks smaller on paper
2 Why it is important for long term
If you hold a mutual fund for many years prices go up due to inflation Indexation reduces your taxable profit
3 How it helps returns and tax
Example You bought for 100000 and sold for 300000 after 10 years
Without indexation tax is on 200000 profit
With indexation your cost becomes maybe 200000 so tax is only on 100000 profit
So you pay less tax and keep more money
Bottom line
Indexation helps long term investors pay less tax so your real returns are higher.
Got you 1 Start Small Use PiggyVest Cowrywise Save 100 to 1000 weekly 2 Invest in Skills Learn design coding trading It pays you back 3 Safe Options Try Treasury Bills or Money Market Funds from 5000 4 Be Consistent Save 10 percent of any money you get Small plus regular equals growth Rule You do noRead more
Got you
1 Start Small Use PiggyVest Cowrywise Save 100 to 1000 weekly
2 Invest in Skills Learn design coding trading It pays you back
3 Safe Options Try Treasury Bills or Money Market Funds from 5000
4 Be Consistent Save 10 percent of any money you get Small plus regular equals growth
Rule You do not need big money Start now with what you have.
Key indicators to watch 1 High PE ratio Price is much higher than company earnings 2 High PB ratio Price is much higher than company assets 3 Price rise too fast with no real growth in profit 4 Dividend yield drops very low compared to history 5 Everyone is talking about it and hype is too much 6 AnRead more
Key indicators to watch
1 High PE ratio Price is much higher than company earnings
2 High PB ratio Price is much higher than company assets
3 Price rise too fast with no real growth in profit
4 Dividend yield drops very low compared to history
5 Everyone is talking about it and hype is too much
6 Analysts say fair value is far below current price
7 Company debt is rising but price keeps going up
Simple rule
If price is growing faster than earnings and cash flow the investment may be too expensive
Since the bank no longer exists your shares and dividends are likely unclaimed Steps to follow 1 Find your share certificate and means of ID 2 Check with the banks last known registrar or merger bank if any 3 Visit SEC Nigeria Unclaimed Dividends Portal and search with your name 4 Visit CSCS with yoRead more
Since the bank no longer exists your shares and dividends are likely unclaimed
Steps to follow
1 Find your share certificate and means of ID
2 Check with the banks last known registrar or merger bank if any
3 Visit SEC Nigeria Unclaimed Dividends Portal and search with your name
4 Visit CSCS with your CHN to check if shares were dematerialized
5 Fill e Dividend mandate form and submit to the registrar or SEC
Where to go now
SEC Nigeria Office in Abuja or Lagos has an Unclaimed Dividend Unit
You can also check SEC e Portal for unclaimed dividend claims
Key tip
Keep your certificate safe
Dividends for defunct banks are usually kept by SEC for investors to claim
What Do I Need to Buy FGN Bonds From Stanbic IBTC Completely Online?
1 Requirements Bank account with Stanbic IBTC BVN CSCS account for shares and bonds Email and phone number linked to your bank 2 Step by step online Step 1 Log in to Stanbic IBTC mobile app or internet banking Step 2 Go to investments or wealth section Step 3 Select FGN Bond Step 4 Choose amount minRead more
1 Requirements
Bank account with Stanbic IBTC
BVN
CSCS account for shares and bonds
Email and phone number linked to your bank
2 Step by step online
Step 1 Log in to Stanbic IBTC mobile app or internet banking
Step 2 Go to investments or wealth section
Step 3 Select FGN Bond
Step 4 Choose amount minimum is usually 50000
Step 5 Pay from your Stanbic account
Step 6 You will get confirmation and interest is paid every 6 months
Bottom line
See lessNo branch visit needed if you already have Stanbic account BVN and CSCS
Contact Stanbic wealth desk on app for help if CSCS is not linked
Is opay different savings strategies risky?
1 FGN Bond Pays about 14 percent plus per year Backed by FG so very low risk 2 Opay Savings Pays higher rates than FGN Bond Higher rate usually means higher risk Opay is licensed by CBN and NDIC covers up to 500000 But rates can change and it is not as safe as FG bonds 3 Bottom line FGN Bond is safeRead more
1 FGN Bond
Pays about 14 percent plus per year
Backed by FG so very low risk
2 Opay Savings
Pays higher rates than FGN Bond
Higher rate usually means higher risk
Opay is licensed by CBN and NDIC covers up to 500000
But rates can change and it is not as safe as FG bonds
3 Bottom line
See lessFGN Bond is safer but lower flexibility
Opay is flexible and higher return but not risk free
Do not put all your money in one place spread it
Why Can’t I Buy NGX Shares Even Though I Have a CSCS Account?
How to fix it 1 Go to any stockbroker or your bank investment unit 2 Register for CSCS account with BVN ID and passport photo 3 Link your bank account to the CSCS account 4 After 1 to 2 days you will get a trading account number 5 Use that number to buy shares Bottom line You need CSCS plus broker fRead more
How to fix it
1 Go to any stockbroker or your bank investment unit
2 Register for CSCS account with BVN ID and passport photo
3 Link your bank account to the CSCS account
4 After 1 to 2 days you will get a trading account number
5 Use that number to buy shares
Bottom line
See lessYou need CSCS plus broker first before you can buy shares
How Does Indexation Benefit Long-Term Mutual Fund Investments?
Thank you Boss
Thank you Boss
See lessHow Do I Subscribe to an FGN Savings Bond as a First-Time Investor?
1 Open bank account with BVN and CSCS account 2 Wait for DMO subscription every month 3 Go to your bank or stockbroker with minimum 5000 4 Get paid interest every 3 months directly to your bank Safe low risk and backed by FG
1 Open bank account with BVN and CSCS account
2 Wait for DMO subscription every month
3 Go to your bank or stockbroker with minimum 5000
4 Get paid interest every 3 months directly to your bank
Safe low risk and backed by FG
See lessHow to calculate discounted rates in treasury bills?
Got you 1 *What is discounted rate* It is the interest you earn when you buy a treasury bill below its face value Example CBN sells you 100000 TB for 95000 The 5000 difference is your profit 2 *How to calculate it* Formula Discounted Rate equals Face Value minus Purchase Price divided by Face ValueRead more
Got you
1 *What is discounted rate*
It is the interest you earn when you buy a treasury bill below its face value
Example CBN sells you 100000 TB for 95000 The 5000 difference is your profit
2 *How to calculate it*
Formula
Discounted Rate equals Face Value minus Purchase Price divided by Face Value times 360 divided by Days to Maturity times 100
Simple version
Take the profit divide by face value divide by number of days multiply by 36000
Example
Face value 100000 Purchase price 95000 Days 91
Profit is 5000
5000 divided by 100000 divided by 91 times 36000 equals about 1978 percent
Bottom line
See lessDiscounted rate shows how much return you get for buying TB below face value The longer the days and bigger the discount the higher your rate
How Does Indexation Benefit Long-Term Mutual Fund Investments?
1 What is indexation It adjusts your investment cost based on inflation so your profit looks smaller on paper 2 Why it is important for long term If you hold a mutual fund for many years prices go up due to inflation Indexation reduces your taxable profit 3 How it helps returns and tax Example You bRead more
1 What is indexation
It adjusts your investment cost based on inflation so your profit looks smaller on paper
2 Why it is important for long term
If you hold a mutual fund for many years prices go up due to inflation Indexation reduces your taxable profit
3 How it helps returns and tax
Example You bought for 100000 and sold for 300000 after 10 years
Without indexation tax is on 200000 profit
With indexation your cost becomes maybe 200000 so tax is only on 100000 profit
So you pay less tax and keep more money
Bottom line
See lessIndexation helps long term investors pay less tax so your real returns are higher.
What Are the Most Effective Investment Strategies for Students With Limited Financial Resources?”
Got you 1 Start Small Use PiggyVest Cowrywise Save 100 to 1000 weekly 2 Invest in Skills Learn design coding trading It pays you back 3 Safe Options Try Treasury Bills or Money Market Funds from 5000 4 Be Consistent Save 10 percent of any money you get Small plus regular equals growth Rule You do noRead more
Got you
1 Start Small Use PiggyVest Cowrywise Save 100 to 1000 weekly
2 Invest in Skills Learn design coding trading It pays you back
3 Safe Options Try Treasury Bills or Money Market Funds from 5000
4 Be Consistent Save 10 percent of any money you get Small plus regular equals growth
Rule You do not need big money Start now with what you have.
See lessHow Can I Tell When an Investment Has Become Overvalued?
Key indicators to watch 1 High PE ratio Price is much higher than company earnings 2 High PB ratio Price is much higher than company assets 3 Price rise too fast with no real growth in profit 4 Dividend yield drops very low compared to history 5 Everyone is talking about it and hype is too much 6 AnRead more
Key indicators to watch
1 High PE ratio Price is much higher than company earnings
2 High PB ratio Price is much higher than company assets
3 Price rise too fast with no real growth in profit
4 Dividend yield drops very low compared to history
5 Everyone is talking about it and hype is too much
6 Analysts say fair value is far below current price
7 Company debt is rising but price keeps going up
Simple rule
See lessIf price is growing faster than earnings and cash flow the investment may be too expensive
How Can I Claim Dividends From Shares I Bought in 1998 in Nigeria?
Since the bank no longer exists your shares and dividends are likely unclaimed Steps to follow 1 Find your share certificate and means of ID 2 Check with the banks last known registrar or merger bank if any 3 Visit SEC Nigeria Unclaimed Dividends Portal and search with your name 4 Visit CSCS with yoRead more
Since the bank no longer exists your shares and dividends are likely unclaimed
Steps to follow
1 Find your share certificate and means of ID
2 Check with the banks last known registrar or merger bank if any
3 Visit SEC Nigeria Unclaimed Dividends Portal and search with your name
4 Visit CSCS with your CHN to check if shares were dematerialized
5 Fill e Dividend mandate form and submit to the registrar or SEC
Where to go now
SEC Nigeria Office in Abuja or Lagos has an Unclaimed Dividend Unit
You can also check SEC e Portal for unclaimed dividend claims
Key tip
See lessKeep your certificate safe
Dividends for defunct banks are usually kept by SEC for investors to claim