₦airaland Forum

Don't implicate yourself, invest your fund quietly in Nigeria while working and earning in the UK.

Considering how much resources the British government/Monarch had stolen from Nigeria over a century, Nigerians aren't supposed to pay any tax to the British government..


When transferring money for investments in Nigeria, just indicate Family Support, case closed. Our government will never implicate you in situations like this.. they will protect you instead.

Even British citizens are running to other countries to avoid their huge taxation, so na you wey dey earn small small from your menial jobs go come put tax for head.

kaceei:
I don't know if there are people here that are resident of the UK and investing in Nigeria? I want to confirm if one should or shouldn't declare the income made from investments in Nigeria to HMRC. If yes, how do you go about it?

Please don't get discouraged investing the little money you have, just because someone is mentioning huge sum he/she had invested or withdrew.

Some of us here are over 50yrs of age, we have worked our entire life, and we also have a huge number of abroadians here, who earn in foreign currencies and invest in Nigeria directly, and many abroadians had been doing that for decades, and you cannot compare yourself with such people.


However, I would advise those of us with millions/billions in investments to avoid calling numbers, so that those of us with peanuts won't get discouraged to invest the little we have...

Investment is a matter of slow and steady process, and time is your biggest advantage.

ezef2k4:
Where una dey see this money?

Questions like this will definitely prevent you from investing or achieving your financial goals.

No investment is 100% free of risk.

Since the inception of mutual fund investments in Nigeria, no fund manager has ever gone bankrupt or investors losing money to fund managers.

Go to Oga-emmasoft's page and read about the safety of fund managers in Nigeria, he has trashed this topic severally.

sky404:
But is it wise to put in Huge amounts of money in a money market fund??
what if the fund manager liquidates as commercial banks often do??

At least with commercial banks,
You can Get your money back through NDIC, should the Bank liquidates.
as all deposits from 5m & below are all insured by NDIC.
Therefore,
You are Guaranteed Getting your money back, should the Bank folds.

But can same be said of fund managers of money market fund in Nigeria??
where people put in more than 5m & in some case 50m & above??

I just want to know,
what if the fund manager folds up today,
what happens to our funds in there,
as money market fund is NOT insured by NDIC

I just want to learn,pls.

Please Ma, there is a special thread for properties, go there and get more info on your questions regarding properties.

This is a mutual fund thread, please don't derail our discussions here, because it might discourage others from coming here to learn about mutual funds and also discourage our financial experts here to guide us accordingly.

Please relocate your topic to the appropriate thread

Babygal2020:
Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

Yeah, you might be right, although I know Norrenberger sometimes perform magic on their daily rate and it remains fixed. Just that some of us are not too used to high rates like this....

Just imagine say na money ritual you go do, you gonna need so many heads and body parts to get 113%

bassdow:
probably they chose to pay 2-days worth of interet out of the almost 7-days worth of backlog.

Another is, hope it's not an ERROR which means there's every chance they would correct it soon

Hmmm it seems Norrenberger rate for today is 113%, abi na my phone dey deceive me?

My kids always play with my phone.

RT Briscoe investment and savings has about 71m naira under management, imagine depositing over 100m naira with them, that means it is your money they are gonna use in learning how to handle cash and risk in the industry, some high interest rate dey high blood pressure, God abeg ohh.

Neurotika:
Hmmm….

Lol... We all hate stress, maybe the stress is the price we've to pay for STL higher rate.

Batman2412:
They should rest with their otp. Cant be checking email everytime i open stl. Otp has been dropping for me the day i opened the account, 16th February 2026. But from 17th till date, i can't even open the website on chrome and i dunno their app. I hate stress

Well-done sir, please be adding Norrenberger and other top fund managers..

Creditalerts:
TODAY'S RATE


STANBIC 15.49%🙂🤑

FAAM (FirstAlly) 17.59%😁🤑

STL MMF. 20.13% 🔥 🔥 🔥🤑🤑🤑

TRUSTBANC 19.55%🤑🤑🤑


Kindly Click on my signature to register for STL MMF thank you🙂

So STL has taken over Trustbanc, it is well sha... I still dey gather mind to open and deposit fund with STL, despite the good rate, person needs enough courage to deposit fund with these new fund managers with higher rates, if you know you know.

Norrenberger don fall our hand, I just want to wait a bit let me see their rebounding process, if nothing improves in few days, na to relocate my little funds to another fund manager.

ogoo4real:
Has the inflation rate dropped, this one Norrenberger interest has dropped to 14.9%. lowest so far.

Some Nigerians don't value their things... But I am happy things are beginning to change, thank God for social awareness and the upcoming generation who are trying to be more local than international.

I travelled round south south and south west of naija last October/November, I was more than impressed with what I saw... I was overwhelmed with joy seeing the way Nigerians are now going into production and making more use of our local resources, despite the challenges.

If government can give us more constant light and provide more security, naija is going to fly above the sky...

We are too hungry for success, no matter the situation..

God bless Nigeria.

Beeron:
Nigeria is weird place to invest.

The citizens like to invest in Dollar mutual funds to hedge against the Naira devaluation essentially betting again their own currency.

Meanwhile foreign investors brings in Dollar, converts their dollars to Naira to invest in Naira mutual funds.

Weird

Okay... It is well, maybe @emmasoft could be of help...

I personally don't care when they're posting daily rates, I just want a good and competitive rate from them..

squad1:
Hehe... Na money matter oo. Actually i am not really enjoying their service maybe it is because i am used to using StanbicMMF. With this norrenberg, i cant even do autiinvest. I complained and was told of additional charges. Haba.

Nigerians nor get patience for money matter ohh, we understand sha..

Apart from updating our daily interest or booking our newly deposited funds, fund managers also have other jobs they engage in, like scouting for the best channels to invest our funds..

Norrenberger is very okay... They could even be updating rates every two or three days, no wahala... But they must ensure rates are competitive in the industry, that's the major concern for most investors.

We will definitely get to our financial destination.

squad1:
Those using norrenberg how una dey take do am? The service is poor. I am just testing the waters with them but it is not encouraging.

I funded my acct since tuesday morning. Up till now, it has not reflected. For them to update my acct balance na wahala. Cant keep up.

I just received a mail from Stanbic asking why I haven't top-up my mmf account for a while now. Some thoughts 🤯 just came to my mind after reading their mail...

It seems Stanbic fund managers don't know that other fund managers are 3 to 4+% ahead of the 15+% they had been giving for weeks now..

Someone should please inform them that the industry is heavily deregulated and investors goes for the highest offer, because overtaking is allowed by SEC.

Norrenberger is sometimes slow in updating their daily rate, however, their daily rate had been so encouraging so far, they should take their time, but they mustn't go the Stanbic ways... Let's be patient with Norrenberger, their rate is cool and okay..

ogoo4real:
It seems there's a delay in updating the interest payout usually after month end. Same thing happened in Jan first week after the year ended. They really need to improve on it. It might take up to Friday for them to update it. Thanks

Another avenue to embezzle public funds.

Lol... Poverty is our main enemy ohh, I personally fear poverty pass death. That's why I started working extremely hard at a very tender age, to gain financial independence on time..

Beeron:
and please tell him, he has to pay for using my trade mark (poverty is our common enemy)

Well said, I want to invest about 100m with either Trustbanc or Norrenberger, please I want you to advise me on how to go about it..

We only know how to make money the old ways and not into fintech.

We are friends now, so don't take it personal, as I am also learning from your write-ups.

Creditalerts:
the goal is everyone should make money without tears and smile to the bank always,poverty is our common enemy🤑🤑🤑

Well said @Beeron, you are highly respected here...

Creditalert is a cool guy, his activeness here is also useful as well, I just wanted to crack him a bit.. I sheathe my sword 🗡️

Poverty is indeed the real enemy.

I be old skool here oh, I also changed my moniker...

Beeron:
while you seemingly see some people as newbie and you the experienced one who just observes from the back seat.

It doesn't make both the newbies and the self proclaimed experts special if when the macro economy crashes tomorrow and everyone loses money in the process because no one will be immune to financial collapse except you invest in a foreign land with foreign currency.

My point is: instead of classism type segregation talk or expert vs newbie type conversation.

Let us continue to help each other, teach each other, the only enemy we are all fighting against is poverty. And every one goal here is a life of financial freedom.

I have been on Nairaland since 2011 and started contributing on this thread since 2017 when I began MMF but you wouldn't know because this is my third moniker/account.

Let's fight the common enemy known as poverty.

They are not completely out of teaching the house about finance, they just want to give these newbies some time to flex their new found financial talents.... Let Creditalerts teach us for a while, he knows everything about the industry.

Alaska90:
What is their usefulness on the board if they are just going to be observing from backseat without contributing to correct or teach others

Don't mind these newbies, their blood is too hot, they always act like know everything without really knowing nothing and never listens to the words of financial wisdom.

Particular this Creditalert, his gragra is something else, like someone who has never seen money or fortune before....


All the financial gurus with decades of experience are observing from the backseat.

tagonn077:
Now is that not what @sharon was talking about?. But you called her a liar.
All these newbies in this forum.

The Gen Zs have taken over this thread, you can feel their impatience and misinformations...

Trump just want to pepper 🌶️ Europe