Investment

This is a graveyard to illustrate how family can transfer the shares of their late parent's into their name

Requirements to Claim Your Late Parent’s Shares

Most times, claiming the investment holdings, including stocks, bonds, and other securities of a deceased family member involves a tedious legal process, especially if the deceased died intestate (without a Will). So, if your parent, grandparent, spouse, or any family member has passed away without leaving a will, you might have a backlog of unclaimed

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Pros and Cons of Investing In Nigerian Treasury Bills

In recent times, Nigerian Treasury Bills were being oversubscribed, indicating great demand by investors. Takeaways: For investors who are interested in government money market instruments, most of them prefer the ones that have a short-term maturity period, that’s one of the reasons they go for FGN T-Bills. If you’ve never invested in FGN securities that

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Primary Dealer Market Makers in Nigeria: Their Functions and List of PDMMs

Primary Dealer Market Makers (PDMMs) are banks or other financial institutions that are appointed by the Debt Management Office (DMO) to act as authorized dealers in selling bonds of the Federal Government of Nigeria (FGN bonds). Understanding PDMMs in Nigeria PDMMs is a system put in place by DMO whereby some financial institutions are given an exclusive right to purchase/underwrite all government securities issued

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Buying FGN Savings Bond, Its Benefits and Downsides

FGN Savings Bonds (FGNSB) are government-issued debt securities of the Federal Government of Nigeria FGN Savings Bonds in Nigeria are designed to be long-term investments just like Series EE and Series I bonds in the United States. We will explore the meaning of FGN savings bonds, interest payments, and how to subscribe to FG-backed securities.

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FACT CHECK: Do Nigerians Spend $975million on Online Betting Daily?

The October 2023 report by the National Lottery Trust Fund (NLTF) claimed that over 65 million Nigerians engage in betting daily, spending an average of $15 calls for scrutiny. By this claim, this translates to $975million daily, $29.2Billion per month, and not less than $351billion per year on bet spending. If Nigerian bettors are committing

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Guinness Nigeria List of Unclaimed Dividends

Did You Buy Guinness Nigeria Shares Years Ago? Your Name Might Be On Its 45,759 Unclaimed Dividends

If you bought shares of Guinness Nigeria a few years ago, your name might be on the list of 45,759 unclaimed dividends recently published by the company. As of June 30, 2023, Nigeria Guinness says its Dividend 93 booklet contains names of shareholders whose dividend warrants were returned unclaimed “because their address could not be

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Nigerian Exchange

List of Inactive Stockbrokers in Nigeria

There are 41 inactive stockbrokers on the Nigerian Exchange (NGX), 30 of them have inadequate shareholder funds while 11 of them were reclassified to sub-brokers with the SEC. According to the stock exchange, inactive stockbrokers can’t actively participate in trading until they meet NGX rules on capital adequacy for Trading License Holders. What of inactive

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