₦airaland Forum

Akerewe:
how much will 5k yield in money market for a month

LuzSp:
The way I see this, the contributor makes payment every month for 3 or 5 years (depending on the investment plan chosen) without getting anything in return. The bank then begins paying the receivable sum (which has interest already factored in) to the recipient from the 4th or 6th year (of course, depending on the investment plan chosen).
The Doubble Lump Sum plan is different in only one area - total contribution is made one time instead of monthly. Still payout will only begin in the 6th year.

I cannot bear to send money somewhere and not get anything in return within a year, talk more of 3 or 5 years.

Internetboy:
Sterling Bank sent me notification on this particular investment. I must say that people that structured the investment are not quite intelligent.

I have personally evaluated it, total nonsense.

Acidosis:
Please someone should help me understand this platform. Seems Sterling bank is the new ponzi scheme in town.

https://www.doubble.ng/#/

Mfunkynation:
how strong is sterling bank to be able to pay out this money for 6, 15 yrs interval

hias2012:
Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

Agbaletu:
I think if you have above 50m Naira cash, you can be called a millionaire in Nigeria.
As for me o, you need to have above 100m Naira cash aside your asset.
The acceptable figure is minimum of 1m$ which is about 360m Naira+

Ifelove1:
He said his earnings for this week alone...
He makes about 12 naira everyday which means he gets about 22%p.a.
I'm tempted to move already. But the website shows 12.3xx%

Adayoung:
Good evening guys, Is it possible for one's interest to reduce in the StanbicIBTC mmf app.

AbbyE:
Lmao ...if you claim you are earning N44 a day on your mutual fund, It means in 365 days, you'd get N16,060 . An annual interest rate of 80%. Does my calculator have a glitch or is this beans not done?

Eveezy:
Boss u still never get since den?

emmas2k570:
I learnt alot from this group but i'm at a crossroad right now.... I have MMF account with Stanbic for sure which i have over 100 in it and i also just opened another MMF account with Axa Mansard.... Now i have 760 but i don't know which of the MMF account is advisable for me to put the money into. Kindly help your brother on this. Thanks.

elothaddi:
Yes, it is normal. You will get your weekend payment by Monday as par AXA Mansard.

Olohunjedalo:
It’s very normal. Saturdays, sundays and public holidays
It’s growing , but everything will be added together on Monday . And it will reflect on Monday.

Pr0cter:
Yeah. I was the one that complained earlier, but it's been sorted out. All you need to do is just to download stanbic ibtc mobile app from play store and login with your email, phone number and password. You'll then see your NAV and your accrued interest

C505:
Hi everyone

I've never done TB before. Just doing MMF for a long time so I liquidated day before yesterday and wanted to invest on TB. Got my cash back yesterday night and I walked to the bank this morning to obtain a 91days tenor for TB via the primary but was told I'll have to wait two weeks time. Although they offered me a secondary rate @ 10.97% which is lovely to me but I stalled cos I don't know if the secondary has some reasons that can't match primary. Other rates they offered me are 182 for 11. Sth%, and 364 for 13.5%

If you're wondering why I quoted 10.97% as lovely, that's because I only want to stick to 91days and 10% is very much ok for me to be honest

Barrytone:
First Bank 364 days was successful, just got Alert for interest

dejiotus:
Just double checked with my account officer. Both 91 and 364 day tenors were successfully but NOT 182 day tenor according to her. Are you sure your application is 364 or182 day tenor?

Gavrelino123:
Thanks
..What are the necessary documents needed to open a STANBIC IBTC account..?
How long does it take to complete the process.?
Would you prefer Stanbic IBTC Over FIRST BANK.?
What hierarchical value can you rate STANBIC IBTC over other commercial banks.?

MissNicole01:
Yeah. You can come check us out at Tellus Foods Nig Ltd. It's located in Adazi - ani, Anambra.
07030826431

dyonpoint:
Please when is the next T-bills auction?