₦airaland Forum

How does it work?

Will both parties pay the subscription fee monthly?

ofhismercy:
The rate at which nairalanders are calling on us for their MTN CUG registration is awesome.

We are glad that we are meeting needs and we see it as a privilege to provide this service to you all.

We are still commited to delivering value in every product/service.

For your MTN CUG activation, we are your number one choice.

You get to enjoy
1. Unlimited calls
2. Unlimited SMS
3. 11 kobo per seconds call rate to other numbers.

All of this for just #800 per line.

Kindly call or chat up 07061365911 now.

Powered by:
CUG WORLD.

I am worried about it too. The SEC link document they quoted was to be implemented from April 1. I don't know why they sent that now.

on4a:
What's going on with meristem sending a link for client update form over the weekend? https://forms.meristemng.com/client-update-form/?
Is this legit? Too much details being requested and I just wonder why I can't update this directly on my meritrade online account.

Sure, all you have to do is to ensure that you use your MMF e-account number as your transaction note. Also, it is better to carry out this transaction before 12 noon on a weekday/business working day.

C505:
Good evening

Please I know this is uncalled for as I can't go back pages ago for a simple answer

Can I transfer cash from my stanbic account to my stanbic MMF account without having zero issues?

Hmmmmmmmmmmm

Harbidexy5:
https://medium.com/p/4aed05b337cc/

The Correct link to the real Story as Narrated by the victim(Also the Writer)..
NB:Slightly different from the already trending one on the *EDUCATION* forum
Really Motivating and Emotional.

Seun
Lalastica
Mynd44

FP plsssss.

Kindly refer to
https://www.nairaland.com/5358517/digital-agriculture-investment-platforms-options for up-to-date info about Agric fintechs.

dammybrite:
Beyond the hypothetical ROI stated on these websites, do people really get these returns?Kindly share your experience. Your experience will go a long way to empower potential investors to make up their mind.

Why did you say that, sir? Can you expatiate?

obakovich:
It's like MBA has crashed oo

Emmaesty:
U can try investing in agriculture. The rates are better. Some as high as 24% roi on 6 months investment

Can you recommend any?

Beyond the hypothetical ROI stated on these websites, do people really get these returns?Kindly share your experience. Your experience will go a long way to empower potential investors to make up their mind.

dammybrite:
Investment in farming is a risk, but there used to be a time when talking people into investing in farming was a lot scarier than what it is today.
With the crude nature of farming, coupled with the general lack of information about agro-businesses, people generally settle for other investment options regardless of whether they get better Return on Investment (ROI) compared to farming.
The truth, however, is that, although farming is a risky venture, it is highly lucrative. And for what it’s worth, credit will go to agro-crowdfunding players redefining the idea of investment in farming as we now know it.
Now, while sitting behind a desktop, from the comfort of your home, you can be involved in farming just as much. And on a closer look, it appears the new trend may not stop anytime soon.
So if you’re thinking of investing in them, here’s what you should know about the online platforms that enable agro-crowdfunding in Nigeria.

Farmcrowdy
Website: Farmcrowdy.com
Owner of farmland: Farmers
ROI for investors: 6% – 25% (flat rate)
Product listing: Maize, poultry farm, cassava, soybeans and rice.
Predetermined cost of farmland: Yes
Range cost of farm products: ₦90,000 – ₦284,000
Period of cycle: 5 to 12 months, depending on the farm you select
Risk mitigation policies:
Insurance cover for initial sponsorship capital; does not cover the return after harvest.
Side note: Farmcrowdy has really attractive rates, except that they have been subject to fluctuations in recent times. Maize, for instance, was typically around 10% before taking a little spike. It’s unclear if the fluctuations are a result of scaling up the platform. But the big question is can they sustain it?

Growsel
Website: Growsel.com
Owner of farmland: Farmers
ROI for investors: 5 – 20% (flat rate)
Predetermined cost of farmland: No
Product listing: Ginger, maize, potato, tomato, cassava, soybeans and rice.
Range cost of farm products: No predetermined cost.
Period of cycle: Fixed between 4 to 7 months.
Risk mitigation policies:
Insurance cover, which is usually a minimum of 3% and a maximum of 20% depending on the kind of farm.
Partnership with Research institutes like IITA and OCP Africa for quality inputs like seeds and fertilisers.
Hedging the market by partnering with off-takers who are able to offtake high-value crops even before harvest.
Real-time and up to a week advance weather updates available for farmers.
Side note: Farm produce on Growsel do not come with a predetermined cost. Instead, farmers declare the cost for input they require at every point in time, and willing investors provide a minimum of 10% on the capital till full amount (for the input) is raised.
All things being equal, every farm is usually benched mark at 100% minimum ROI. Generally, short-term farms have around 5 -10% ROI while long-term farms have a maximum of 20% ROI.

Thrive Agric
Website: Thriveagric.com
Owner of farmland: Farmers
ROI for investors: 6 – 25% (depending on the type of produce)
Predetermined cost of farmland: Yes
Product listing: Poultry farm, maize, groundnut, sorghum, cassava, cowpea, soybeans and rice.
Range cost of farm products: ₦80,000 – ₦260,000
Period of cycle: Fixed between 3 to 6 months.
Risk mitigation policies:
Insurance cover to the tune of full capital invested, but not profit.
Deployment of an app for extension workers
Co-operative schemes for farmers
Forward agreement with off-takers and partnership with IITA and NAERLS for improved seed.
Sidenote: Thrive Agric is listing cassava for the first time in the current planting season. Noteworthy is the short tenure of their farms (except cassava), perhaps it could be more of a strategic decision to get the most of price fluctuations.

eFarms Nigeria
Website: efarms.com.ng
Owner of farmland: Farmers
ROI for investors: 15 – 35% (flat rate)
Product listing: Maize, poultry farm, cassava, pineapple farm, catfish farm, snailery and soybeans.
Predetermined cost of farmland: Yes
Range cost of farm products: Undisclosed
Period of cycle: Unknown.
Risk mitigation policies:
A training academy for farmers.
Capital back for investors, in the event of crop failure or any other mishaps
Side note: For a relatively unknown prospect, eFarms does appear to offer the most attractive rates. It’s hard to say for sure how their farms are doing investment-wise, considering that all of the farms are currently closed (as at the time of curating the post).
It is also important to clarify that the capital back insurance applies over a mutually agreed period and only covers investor capital.

Conclusion
Investment through agro-crowdfunding platforms is still a relatively new concept. These platforms are obviously attempting to boost investor confidence through various risk mitigation policies. But even at that, there tends to be volatility from price fluctuations and other unforeseen market factors.
Whatever platform one decides to invest with, the watchword should generally be on managing expectations less it becomes another pyramid scheme.

Culled from Techpoint.Africa

Investment in farming is a risk, but there used to be a time when talking people into investing in farming was a lot scarier than what it is today.
With the crude nature of farming, coupled with the general lack of information about agro-businesses, people generally settle for other investment options regardless of whether they get better Return on Investment (ROI) compared to farming.
The truth, however, is that, although farming is a risky venture, it is highly lucrative. And for what it’s worth, credit will go to agro-crowdfunding players redefining the idea of investment in farming as we now know it.
Now, while sitting behind a desktop, from the comfort of your home, you can be involved in farming just as much. And on a closer look, it appears the new trend may not stop anytime soon.
So if you’re thinking of investing in them, here’s what you should know about the online platforms that enable agro-crowdfunding in Nigeria.

Farmcrowdy
Website: Farmcrowdy.com
Owner of farmland: Farmers
ROI for investors: 6% – 25% (flat rate)
Product listing: Maize, poultry farm, cassava, soybeans and rice.
Predetermined cost of farmland: Yes
Range cost of farm products: ₦90,000 – ₦284,000
Period of cycle: 5 to 12 months, depending on the farm you select
Risk mitigation policies:
Insurance cover for initial sponsorship capital; does not cover the return after harvest.
Side note: Farmcrowdy has really attractive rates, except that they have been subject to fluctuations in recent times. Maize, for instance, was typically around 10% before taking a little spike. It’s unclear if the fluctuations are a result of scaling up the platform. But the big question is can they sustain it?

Growsel
Website: Growsel.com
Owner of farmland: Farmers
ROI for investors: 5 – 20% (flat rate)
Predetermined cost of farmland: No
Product listing: Ginger, maize, potato, tomato, cassava, soybeans and rice.
Range cost of farm products: No predetermined cost.
Period of cycle: Fixed between 4 to 7 months.
Risk mitigation policies:
Insurance cover, which is usually a minimum of 3% and a maximum of 20% depending on the kind of farm.
Partnership with Research institutes like IITA and OCP Africa for quality inputs like seeds and fertilisers.
Hedging the market by partnering with off-takers who are able to offtake high-value crops even before harvest.
Real-time and up to a week advance weather updates available for farmers.
Side note: Farm produce on Growsel do not come with a predetermined cost. Instead, farmers declare the cost for input they require at every point in time, and willing investors provide a minimum of 10% on the capital till full amount (for the input) is raised.
All things being equal, every farm is usually benched mark at 100% minimum ROI. Generally, short-term farms have around 5 -10% ROI while long-term farms have a maximum of 20% ROI.

Thrive Agric
Website: Thriveagric.com
Owner of farmland: Farmers
ROI for investors: 6 – 25% (depending on the type of produce)
Predetermined cost of farmland: Yes
Product listing: Poultry farm, maize, groundnut, sorghum, cassava, cowpea, soybeans and rice.
Range cost of farm products: ₦80,000 – ₦260,000
Period of cycle: Fixed between 3 to 6 months.
Risk mitigation policies:
Insurance cover to the tune of full capital invested, but not profit.
Deployment of an app for extension workers
Co-operative schemes for farmers
Forward agreement with off-takers and partnership with IITA and NAERLS for improved seed.
Sidenote: Thrive Agric is listing cassava for the first time in the current planting season. Noteworthy is the short tenure of their farms (except cassava), perhaps it could be more of a strategic decision to get the most of price fluctuations.

eFarms Nigeria
Website: efarms.com.ng
Owner of farmland: Farmers
ROI for investors: 15 – 35% (flat rate)
Product listing: Maize, poultry farm, cassava, pineapple farm, catfish farm, snailery and soybeans.
Predetermined cost of farmland: Yes
Range cost of farm products: Undisclosed
Period of cycle: Unknown.
Risk mitigation policies:
A training academy for farmers.
Capital back for investors, in the event of crop failure or any other mishaps
Side note: For a relatively unknown prospect, eFarms does appear to offer the most attractive rates. It’s hard to say for sure how their farms are doing investment-wise, considering that all of the farms are currently closed (as at the time of curating the post).
It is also important to clarify that the capital back insurance applies over a mutually agreed period and only covers investor capital.

Conclusion
Investment through agro-crowdfunding platforms is still a relatively new concept. These platforms are obviously attempting to boost investor confidence through various risk mitigation policies. But even at that, there tends to be volatility from price fluctuations and other unforeseen market factors.
Whatever platform one decides to invest with, the watchword should generally be on managing expectations less it becomes another pyramid scheme.

Culled from Techpoint.Africa

Wow!

Best advice you can get

Ademat7:
what is needed by people around you? something that won't spoil quickly

Can PZ still rise again? What exactly is wrong with it?

OBAGADAFFI:
PZ selling below N8 wicked NSE

Kindly send them an email. That should solve the problem.

Olonseh:
Good evening house, please has anyone had to wait for 48 hours or more after initiating additional subscription on stanbic mmf before the transaction value hits their account? I did on friday before the 12 noon cut of time and I'm yet to get value for that transaction as I write. I also observed that the accrued interest over the weekend (Sat and Sun) was not added to my balance on monday as against the usual practice. Anyone with such experience should please drop a word or two. Thanks.

Thanks a lot

unite4real:
Can we just navigate to the threads below where the GTB and Innoson argument is heating up?

This Treasury bills thread should be left to serve it's purpose.


https://www.nairaland.com/5106924/gtbank-clears-air-innoson-takeover

https://www.nairaland.com/5108177/innoson-speaks-how-gtb-owing

1K per crate? Where? Is it that big?

formular2002:
As much as i love the tenacity and optimism of the OP, the truth is that Egg dealership is becoming harder this days because farmers now sell directly to retailers and even consumers. And another point is that prices now go for around 1k per crate, even from the farm. So dealership is profitable only on a large scale where supply is done on a large scale and a unit marginal profit can make sense on the long run.
Though with God, all things are possible but realities are there for us to see.
Kudos to the OP for the write-up