₦airaland Forum

NJV:
ź
So pls which do you suggest is best for equity investment?

Personally I don't do equity or balance funds I do MMF and individual stocks.
Normally for any equity fund, it will do well once the stock market is bullish irrespective of the manager.

dagbo:
am sorry to ask, why do you said have backup in Norrenberger?

I actually advice my clients to have at least two MMFs. You can check my post on how investors make use of MMF

So the backup i mean is that you should have with First Ally and Norrenberger. So one could be like a personal pension while the other can be for targeted savings for different purposes.

By the way I'm a Rep with both firms.

dalass:
Hello emmasoft,

Please advise on the better mmf between nonrenberger and First ally.

Tnx

Go with First Ally and have a backup in Norrenberger.

jonnysessy:
Thank you. I believe she has BVN and NIN

Then use the 3rd link in my signature to open cscs account for free or reach out to me for further assistance.

jonnysessy:
Good evening everyone, I have a sister abroad and she knows am into stock investment. While she was in Nigeria she was not interested in stocks. But, i am surprised she interested in this Dangote IPO. In fact, she said i should use my daughter's name and buy for her. This was because i told her she needs to register with a stockbroker and would have BVN, NIN, clearing house number and CSCS number. I know in the past people had used multiple identity to buy IPO for fear of over-subscription and they eventually lost their shares. I also what to avoid issues of shares transfer. You need to visit the Registrars those days in Lagos when you have issues with your shares. The thing used to be very stressful. I guess such bottlenecks no longer exists as electronic media and digital age had improved the way we share business is being conducted.

I hope am not digressing too much, my question is how can my sister abroad be able to take part in this Dangote Refinery IPO herself. I don't want to use my daughter's name to buy for her. Moreso my daughters are not even having BVN (which i feel is one of the requirement). I also like to maintain my integrity with her, i don't want the buying of shares to bring issues between us. Please the gurus in the house should help a brother.

If she has BVN and NIN, she can easily open a cscs account online with a stockbroking firm and participate. Opening an account takes a few days, and the IPO will be open for a month. Though it's possible to participate without CSCS, it will be difficult to do so if she doesn't have a BVN or NIN, because it's part of the fields to fill in during the online subscription, unless they decide to make those items non-compulsory fields. You can check any of the online subscription channels by Monday.

malcom1X:
Can I divide it like half of the money reinvested then the remaining half remains

The option you pick for interest utilization is automated: either you get all accrued interest reinvested, or it's paid out. If you want to reinvest half and have the other half paid to your bank account, you have to choose interest payout so you can split it and reinvest half yourself. The system will not do that for you.

mikeapollo:
Does it mean that newcomer investors (e.g students) who do not have CSCS and CHN numbers cannot take part in this IPO?
This rule seems retrogressive to the interest of those without prior NGX experience

@mikeapollo, the rule is actually opposite of what you think it's. How can you say it's retrogressive for example if you are told to open a bank account so that the cash that belong to you can be transferred for your use?

If you know the rigorous process that investors used to pass through to demat their physical certificates in those days or even now, you will appreciate the rule.

Anyone can get cscs account within 72hrs or less and it's free so it's actually a progressive rule.

By the way even without cscs account you can still participate but having access to your shares will still require you to get a cscs account.

Let's be well guided.

Nakedman:
Can you recommend a good stockbroker with a good customer service aside from Stanbic IBTC.

Use the 3rd link in my signature. You will be able to open an account with Investment One Stockbrokers. That is the same platform I use. All your expectations will be met. Good customer service and a real-time trading platform.

A SHORT NOTE FOR NEWBIES (PROSPECTIVE IPO SUBSCRIBERS)

Before you jump into any IPO because of the noise and hype, don’t forget your investment objective.

An IPO can be a good investment, but remember:

If you are not investing for the long term, be careful with IPOs. You may be disappointed by short-term price movements.

Even a fundamentally strong company can see its share price fall. Many factors influence stock prices, and good fundamentals don't guarantee the price will always go up.

Invest only with money you can afford to leave invested. Don't use school fees, rent, emergency funds, or other money with immediate obligations simply because you believe the share price will rise.

Remember: stock prices move in two directions, i.e., UP and DOWN
Macroeconomic conditions, government policies, interest rates, market sentiment, company performance, and even rumours can affect share prices positively or negatively.

If your risk tolerance is low, don't rush into stocks. Start with investments that match your risk appetite and gradually build your knowledge and confidence.

This is not to say that buying an IPO or investing in stocks is a bad investment. Far from it. The key is to do your due diligence and make your investment decision based on your objective, risk tolerance and investment horizon, not hype.

For the Dangote Refinery IPO: you will need a CHN (Clearing House Number) and CSCS account number to hold the shares. These are typically obtained through a stockbroker by opening a CSCS/trading account. Even if you subscribe through an online platform, you still need the relevant CSCS details for the shares to be properly credited to you.

The goal is not just to make money. The goal is to make money without tears.

Invest wisely. Do your due diligence. Don't invest because everyone else is doing it.

Invest because you know why and how.

I wish you all a portfolio turned green in the days ahead!

A SHORT NOTE FOR NEWBIES (PROSPECTIVE IPO SUBSCRIBERS)

Before you jump into any IPO because of the noise and hype, don’t forget your investment objective.

An IPO can be a good investment, but remember:

If you are not investing for the long term, be careful with IPOs. You may be disappointed by short-term price movements.

Even a fundamentally strong company can see its share price fall. Many factors influence stock prices, and good fundamentals don't guarantee the price will always go up.

Invest only with money you can afford to leave invested. Don't use school fees, rent, emergency funds, or other money with immediate obligations simply because you believe the share price will rise.

Remember: stock prices move in two directions, i.e., UP and DOWN
Macroeconomic conditions, government policies, interest rates, market sentiment, company performance, and even rumours can affect share prices positively or negatively.

If your risk tolerance is low, don't rush into stocks. Start with investments that match your risk appetite and gradually build your knowledge and confidence.

This is not to say that buying an IPO or investing in stocks is a bad investment. Far from it. The key is to do your due diligence and make your investment decision based on your objective, risk tolerance and investment horizon, not hype.

For the Dangote Refinery IPO: you will need a CHN (Clearing House Number) and CSCS account number to hold the shares. These are typically obtained through a stockbroker by opening a CSCS/trading account. Even if you subscribe through an online platform, you still need the relevant CSCS details for the shares to be properly credited to you.

The goal is not just to make money. The goal is to make money without tears.

Invest wisely. Do your due diligence. Don't invest because everyone else is doing it.

Invest because you know why and how.

I wish you all a portfolio turned green in the days ahead!

A SHORT NOTE FOR NEWBIES (PROSPECTIVE IPO SUBSCRIBERS)

Before you jump into any IPO because of the noise and hype, don’t forget your investment objective.

An IPO can be a good investment, but remember:

If you are not investing for the long term, be careful with IPOs. You may be disappointed by short-term price movements.

Even a fundamentally strong company can see its share price fall. Many factors influence stock prices, and good fundamentals don't guarantee the price will always go up.

Invest only with money you can afford to leave invested. Don't use school fees, rent, emergency funds, or other money with immediate obligations simply because you believe the share price will rise.

Remember: stock prices move in two directions, i.e., UP and DOWN
Macroeconomic conditions, government policies, interest rates, market sentiment, company performance, and even rumours can affect share prices positively or negatively.

If your risk tolerance is low, don't rush into stocks. Start with investments that match your risk appetite and gradually build your knowledge and confidence.

This is not to say that buying an IPO or investing in stocks is a bad investment. Far from it. The key is to do your due diligence and make your investment decision based on your objective, risk tolerance and investment horizon, not hype.

For the Dangote Refinery IPO: you will need a CHN (Clearing House Number) and CSCS account number to hold the shares. These are typically obtained through a stockbroker by opening a CSCS/trading account. Even if you subscribe through an online platform, you still need the relevant CSCS details for the shares to be properly credited to you.

The goal is not just to make money. The goal is to make money without tears.

Invest wisely. Do your due diligence. Don't invest because everyone else is doing it.

Invest because you know why and how.

I wish you all a portfolio turned green in the days ahead!

Kesta22:
Good day house. Is it a good idea to pull money from my MMF to invest in dangote refinery?

@Kesta22, please understand that both investments fall under different categories:

Dangote Refinery Shares — High Risk
MMF — Low Risk

The option you decide to go with depends on several personal factors, including your investment objective, risk tolerance, age, investment knowledge, and investment time horizon, among others.

Therefore, one is not necessarily better than the other. The right choice depends on the factors mentioned above and what you intend to achieve with your investment.

Also, note that you and any prospective investors will need a CSCS account and a CHN opened with a stockbroking firm to purchase Dangote Refinery shares when the offer opens in the coming days.

From the post 12 Things to Remember in 2026 (One for Each Month)

September – Remember the stock market is best suited for long-term investing
Patience and time are key ingredients for sustainable wealth creation.

From the post 12 Things to Remember in 2026 (One for Each Month)

September – Remember the stock market is best suited for long-term investing
Patience and time are key ingredients for sustainable wealth creation.

Chidimercy:
Please which MMF is best now with interest of about 20-25%?

@Chidimercy, MMF rates should never be viewed in isolation. They must be considered in the context of the current economic realities, the prevailing MPR, prevailing market yields, and the category of investment.

Always remember the common investment principle: the higher the risk, the higher the potential return, and vice versa.

At the moment, the net rate for the MMF industry is broadly 15% to about 19%, with a more realistic industry average of about 17.80%. Therefore, any mutual fund offering a significantly higher rate than this average should be examined more carefully, as the additional return may come with a higher level of risk or a different underlying investment strategy.

When evaluating an investment, the rate should never be the only consideration. Other important factors include:

The investor's investment objective
Risk appetite and tolerance
Investment horizon
Current economic and interest-rate environment
etc.

So, rather than simply choosing the fund offering the highest rate, you or any investor should ask whether the risk-return profile is appropriate for your particular objective.

As I will always advise, Norrenberger and First Ally are worth considering among the options available. You can also get in touch if you need a more personalized guide.

bassdow:
@emmasoft and others, any news about this OMO that CBN has made accessible to average ordinary man ?

@bassdow, for now, many of the investment firms are still studying the modalities and engaging with the regulators to understand how they and their clients can take advantage of the investment window.

The only obvious information at the moment is that the opportunity appears to be targeted primarily at HNIs. However, I believe the investment firms will explore legitimate ways to structure participation so that a wider range of investors can potentially benefit.

We should therefore expect more clarity from the investment firms and regulators in the coming days as the modalities become clearer.

For now, let's make do with our sweet MMF - money making without stress.

Sunbellar:
Thank you very much

You welcome. When you are ready to come onboard for any of the First Ally products remember to use SA-Emma to help my ministry.

Sunbellar:
Good morning @emmasoft
Please can you tell me more about this FirstAlly halal investment. Is it possible to loose your interest or principal investment at any point like the stock market? How reliable can it be because I understand the interest rate is higher than mmf

@Sunbellar, the Halal Fund is generally a faith-based investment fund, irrespective of the fund manager. Its underlying investments are structured to comply with Shariah principles, and may include instruments such as Sukuk and Shariah-compliant equities and other permissible investments.

It is important to note, however, that a Halal Fund is generally considered a medium-risk investment, so there is still an element of investment risk. Depending on the specific fund mandate, some of the underlying assets may include Shariah-compliant stocks, whose prices can fluctuate.

Therefore, unlike an MMF, capital and returns are not guaranteed, and there is a possibility of capital loss, although a permanent loss of capital may not be common, depending on the fund's underlying investments and market conditions.

Compared with an MMF, a Halal Fund generally carries higher risk but also offers the potential for higher returns.

For someone investing with a long-term horizon, I don't think a Halal Fund is a bad idea at all, particularly as part of a diversified investment portfolio. However, if you are completely risk-averse, I would advise you to stay with MMF; the rate is also not bad currently, between 17 and 19%

omotola224:
Hello house since first ally only reinvest profits quarterly is it advisable or ok to withdraw my earnings into my wallet then go add it back to my capital

The money is just sitting there 😒

@omotola224. All daily earnings are payable/reinvested at the end of the quarter, and that is the norm for the MMF industry; hence it's called accrued interest. Even Stanbic, which has something a bit different, can only reinvest accrued interest monthly, but payments are still due at the end of the quarter. You can't withdraw or use interest till end of the quarter, except if you wish to liquidate, where you are allowed to redeem both capital and accrued interest anytime.

The fact that your money is in an MMF and not in your bank account is good enough. It's a wise move. Enjoy your earnings while it lasts.

Franky826:
cc @emmasoft

@Franky826 thanks for the referral. @professore I already allowed you to reach out to me. As a Rep of First Ally, you don't need to worry when you have me here. I can't post some info because I will be banned. See my signature: zero eight one three four one one eight four nine four. Download the MyInvestor app and use SA-Emma when you register.

professore:
oga boss thanks for the prompt response, what about Arm One? I'm looking for how to make a move at this week, that is why I'm comparing these names, as StanbicIBTC refused to open account for me. Since they are battling network or something.

I sent you a PM.

professore:
very sensible.
Is First Ally good? What about Norrenbeger?
Thank you.

They are both good - rates, customer care service, ease of navigating the app and web portals etc. I'm a Rep to both fund managers. I also have a go-to person in each of them for quick and urgent support needs. If you go through some earlier pages of this thread, you will see some posts about them. You can as well be in touch about everything mutual funds and stocks.

NJV:
Thank you for your response. I asked my question because the rates are totally different in both apps and I wonder why so. Though I'm still not very clear on it though.

Rates differ because of the type of underlying assets that each manager invests in. There are different Shariah-compliant products with different risk and returns, so the rate of a particular Halal fund with one manager is bound to differ from the other. For the same reason, you see the MMF with First Ally or Norrenberger higher than that of Stanbic or United Capital; it's all about the management team and assets invested in at a given period. For you, as an investor, your concern should be the category your investment choice belongs to ie if it's low, medium, or high risk, which determines what you get in the long run.

NJV:
Pls what is the difference between the Halal investment funds in ARMOne and First Ally? I'm not understanding it🙏

You are looking at two different firms doing the same thing, maybe using different methods. It's like MDBs. It's just like asking what is the difference is between a savings account at GTBank and one at Zenith Bank. A savings account has the same structure irrespective of the bank but the rate may differ slightly, as may customer service or the method of account opening, etc.

Halal generally is a faith-based investment irrespective of the firm that is managing it. So what you have in the two firms you mentioned has the same structure but may be managed differently.

Amaa2019:
Do first ally have an app or is it website. Help pls

First Ally has an app called myinvestar. Download it and click Sign Up. Use SA-Emma to help my ministry as their Rep.

Free2Fly:
How about First Ally, Norrenberger and STL Asset Mgt, please?
Are the displayed interests net or gloss?

Displayed rates for the two mentioned fund managers are net.

chelseamann:
is our capital really safe with this guys compare to stanbic and other commercial banks? I understand they have a better rate but I'm just skeptical

@chelseamann, please note that the level of capital protection in a MMF is generally driven more by the fund’s structure, regulatory oversight, asset quality and risk management than by the name of the fund manager.

Once an MMF is properly regulated and has the appropriate independent parties involved which including:

- A licensed Fund Manager
- An independent Custodian Bank that is not related to the Fund Manager
- A Trustee
- SEC regulatory oversight

Ie the fund operates within a regulated framework with checks and balances. It's safe to invest in.

Therefore, no one MMF is materially safer than another simply because of the Fund Manager's name or affiliation, provided both funds are properly regulated and professionally managed.

By the way this topic have been addressed by many contributors on this thread.
You can also check my previous post on the issue of safety of investors funds in MMF.

In most cases, the choice of MMF by experienced investor, is more driven by rate, customer service, ease of portal/app navigation etc rather than name.

UncleJudax:
News to me!

Where to find this info?

Gtworld or gtfundmanagers.com

Also, which MMF actually does what you see is what you get? No additional management fee, witholding tax etc

Anytime GT Fund managers sends you funds performance of their various mutual funds check the bottom of the message a clause is always written there informing investors that the rate displayed are gross.

The industrial rule is that fund managers are to display net rate otherwise it should be stated just as GT Fund manager is doing.

UncleJudax:
GT 17.4...🫠

Always note that what is displayed by GT fund managers is gross; this is always stated at the bottom of their display. You will need to remove the management fees to get the net yield.