Frank0001:

Please can you confirm if wema ALAT truly pays at month end if you invest ₦1M as protrayed in the screenshot you uploaded?

isangjohnson:
A friend told me today about MBA FOREX LTD and I asked him, is it regulated by SEC?
He said yes. I'm yet to sight the certificate.
Does anyone here know anything about it?

Bulaveur:

I'm with the SEC lagos office and I can confirm to you that there's no record of MBA forex registered with us.

9jatriot:
Is there any reputable Forex company that is registered with you at all? Or better put, does SEC register Forex firm, if yes, which ones are safe?

Andiebest:


Confirmed.

I was earning just about this before I moved my funds to Stanbic and Investment One Money Market Funds.

SirBen90:
Good day people. Gurus in the house, how advisable is it to invest in the Stanbic IBTC Bond Fund especially as regards capital preservation and steady (albeit small) interest rate?

Frank0001:

Please can you shed more light about this Stanbic and investment One Money Market Funds if one intends to go in with ₦1M?

Bulaveur:

I'm with the SEC lagos office and I can confirm to you that there's no record of MBA forex registered with us.

isangjohnson:
A friend told me today about MBA FOREX LTD and I asked him, is it regulated by SEC?
He said yes. I'm yet to sight the certificate.
Does anyone here know anything about it?

9jatriot:
Is there any reputable Forex company that is registered with you at all? Or better put, does SEC register Forex firm, if yes, which ones are safe?

Fxmanager:
Neither the SEC nor any other Nigerian government body currently regulates the forex market or any forex investment company. But other developed countries of the world do regulated the forex market, what we mean is that the government of this developed countries do licensed and regulates the forex brokers in their country, and that regulation covers any trader/investor that will be trading/investing under this government licensed and regulated forex broker.

Any forex investment company must be seen to have its investment structure under any of the government's licensed and regulated forex broker, without that you might be investing in a disguised ponzi/fraud scheme, presented as a legitimate forex investment.

Note that an unregulated forex broker should be a no go area for any trader/investor.

Visit the link below to learn more on how to detect a ponzi/fraud scheme, disguised as a genuine forex investment.

https://www.nairaland.com/5486596/ponzi-scam-fraud-schemes-fronting

TotoNaRubber:
Does anyone know how to go about EuroBonds purchase with Stanbic, the rates, tenure and subscription period?

Thanks in advance.

janga:
what did u guyz think about buying a land 12mill in Onitsha and build a 4 storey with 16 flat, thats 2bedroom and a parlour self contain and current cost at moment is 25k for a month making it 300k annually while the whole 16flat will be fetching u #4,800,000 annually. i dont really have idea the cost to build the 16flat in Onitsha bt it won't cost morethan 50mill, those in property section can knew much bettr and the tenant demand for such building is very high once in the painting process. or is it better to invest that money in Q1 2020 FG Bond auction today 10yrs tenor at 14%

fineguy11:
Gud pm all. For those seeking alternate investment platform pending the 'Re-birth' of Treasury Bill ,Should consider investing in LAPO fixed deposit security..Below is the breakdown of Tenor and rates.

Garlay:


HOW SECURED IS THIS INVESTMENT?

Nigsrdumb:


Current rates 7.83% , holding period 180 days.

They pay interest daily, but it's extremely extremely difficult to put funds into it.

http://www.stanbicibtcassetmanagement.com/standimg/NigeriaAssetManagers/Documents/downloads/ACCOUNTOPENINGINDIVIDUALS_JOINT2019.pdf

janga:
what did u guyz think about buying a land 12mill in Onitsha and build a 4 storey with 16 flat, thats 2bedroom and a parlour self contain and current cost at moment is 25k for a month making it 300k annually while the whole 16flat will be fetching u #4,800,000 annually. i dont really have idea the cost to build the 16flat in Onitsha bt it won't cost morethan 50mill, those in property section can knew much bettr and the tenant demand for such building is very high once in the painting process. or is it better to invest that money in Q1 2020 FG Bond auction today 10yrs tenor at 14%

TotoNaRubber:
Thankks for the update.
Is the Stanbic dollar fund one on the form?

Bulaveur:

I'm with the SEC lagos office and I can confirm to you that there's no record of MBA forex registered with us.

emmanuelewumi:



Wanajo, Oracle, myself and other top analysts are in my WhatsApp group analysing and discussing different companies, industries, businesses and investments in Nigeria.

janga:
what did u guyz think about buying a land 12mill in Onitsha and build a 4 storey with 16 flat, thats 2bedroom and a parlour self contain and current cost at moment is 25k for a month making it 300k annually while the whole 16flat will be fetching u #4,800,000 annually. i dont really have idea the cost to build the 16flat in Onitsha bt it won't cost morethan 50mill, those in property section can knew much bettr and the tenant demand for such building is very high once in the painting process. or is it better to invest that money in Q1 2020 FG Bond auction today 10yrs tenor at 14%

Garlay:


HOW SECURED IS THIS INVESTMENT?

Legendguru:


As a property owner I advise if you have such fund don’t build in one location I advice splitting the fund into four places get a quarter plot in different hot locations and build 2 bed down and self contain up on each of the land .total cost to build such to finishing stage will be estimated to 7.9 m each.i did similar project recently. I don’t know how much quarter plot land will cost in your area just make inquiries. As for building projects I advice anyone do not contract out buy all your materials yourself and get labor pay per day and supervise them all through thank me later coz you will save a lot