VeeVeeMyLuv:

What were your reasons for this investment move?

Check this thread: ⬇️⬇️⬇️⬇️

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/3676

Allboiz:
Good day everyone

I invested 25k in ucap equity fund last Thursday to test the waters since the interest rate for their equity fund is 44.53%.

I opened the account today and saw 24800, which is loss.

Would you advise I withdraw my remaining fund or be patient?

Allboiz:


The high interest rate and to know how it works

Godspeed0:
if i invest 1 million naira for one month in mmf how much return would i get in a month

Tranquility2345:


Did you pass maths when you did WAEC

Godspeed0:
if i invest 1 million naira for one month in mmf how much return would i get in a month

Godspeed0:
No i got f9.Can you answer my question now?

emmanuelewumi:



Basic knowledge of JS3 Math is necessary for you to succeed in investing.

Allboiz:
Good day everyone

I invested 25k in ucap equity fund last Thursday to test the waters since the interest rate for their equity fund is 44.53%.

I opened the account today and saw 24800, which is loss.

Would you advise I withdraw my remaining fund or be patient?

Donbrig:
My God, una get mind sha, 44.53%, even people who does money rituals don't get up to that percentage.

Donbrig:

Tranquility2345:


Did you pass maths when you did WAEC

kolamilan:
Hello house, I saw this notice in my mailbox.

kolamilan:
Hello house, I saw this notice in my mailbox.

Wotowotoman:


What’s so shocking

kolamilan:

This will definitely discourage inflow while they are clamoring for more Fx in circulation.

Donbrig:
Many bank customers received similar mail from their various banks. Honestly speaking, the govt wants to target mainly those with Domiciliary accounts, or any account with any foreign currency, mainly dollar. This is to discourage millions of Nigerians with huge dollar deposits in their bank accounts and don't even need the foreign currencies for any business or importation of any goods into the country.

I knew the govt would come for us all with domiciliary accounts, the die is cast.

Many nations are trying to crack down over dependence on dollar in their local economy, and virtually all African country had been a victim of over dollarised economy, Nigeria in Particular.

Donbrig:
Many bank customers received similar mail from their various banks. Honestly speaking, the govt wants to target mainly those with Domiciliary accounts, or any account with any foreign currency, mainly dollar. This is to discourage millions of Nigerians with huge dollar deposits in their bank accounts and don't even need the foreign currencies for any business or importation of any goods into the country.

I knew the govt would come for us all with domiciliary accounts, the die is cast.

Many nations are trying to crack down over dependence on dollar in their local economy, and virtually all African country had been a victim of over dollarised economy, Nigeria in Particular.

Wotowotoman:


Guy you wrote this hopeless epistle because of N50 per deposit? Money wey dem go also collect from Naira account. And you go think say you sound very smart. Na wa o.

Wotowotoman:


Guy you wrote this hopeless epistle because of N50 per deposit? Money wey dem go also collect from Naira account. And you go think say you sound very smart. Na wa o.

Donbrig:
Believe it or not, CBN is only targeting those with huge dollars in their accounts, CBN governor has emphasised on it in most of his recent speeches, they just want to start it little by little, but you will understand their main aim as we progress in 2024, no need to argue about it..

Wotowotoman:


They are targeting USD accounts and it is 50 naira per deposit that they will use to discourage people from keeping dollars? Something that still applies to NGN accounts?

Please just stop posting about what you don’t know. You wey don jakpa go siddon for your small room wey you dey cack after hustling from morning to night and then dey write crap about Naija to put fear in people minds. Guy just shut the hell up!!!

Donbrig:
Those of you stockpiling dollars when you don't have any business with dollars are a big part of our national problems, you guys should allow naira to breathe and stop hoarding dollars you don't need for any foreign business... Allow those that truly need dollars for importation and other foreign transactions have dollars.