₦airaland Forum

Risingcash94:
Ok thanks. Is there anyway to get ready before then or something? Also is SUKUK bond subject to WHT?

Any investor who wishes to participate must get to their bank on or before Tuesday, 18th by 10 am to complete the application form and fund his/her bank account. That is how to prepare for the primary offer. It's always on or before the Tuesday preceding the primary auction date.

Sukuk bond is issued by the federal government, hence it's exempted since all the federal government's issued bonds are tax-exempt now and in the new tax regime from 2026.

Risingcash94:
Pls when is the next fgn bond sale?

The last one was 5th Nov. So all things being equal the next will be 19th of Nov. Going by the usual fortnight structure.

nnewsnjobs:
Investment gurus in the house, kindly advise how someone can convincely invest 50M and will be smiling home with interest of between 1M and 1.2M every month.

As investing 50M with only Mutual funds will only give interest of between 625k and 750k per month using 15% and 18%. This is possible only if the interest rate doesn't go below 15% as inflation is currently easing down.

Kindly advise on the best way to invest 50M and be sure of interest between 1M and 1.2M every month.

Thanks

Returns on investment depend on the type of investment, the level of risk, economic realities, and government policies.

It’s not professionally feasible to cap returns. Instead, what you should look at are the available investment options and the current rate environment.

If you’re expecting the kind of return you mentioned, then fixed-income or low-risk investments won’t deliver that. At the moment, the best rates you’ll get on fixed-income instruments are between 15% and 18.6%, and those may even drop further if the MPC cuts rates again and inflation continues to ease.

Any investment promising the kind of return you’re expecting right now would fall under high-risk investments, where neither the returns nor the capital are guaranteed, for example, equities.

nickydof:
Does anyone have an experience with FBN asset management? Are they the same as FBNQuest?

They are the same. Just a change of name, nothing else. It's actually from FBNQuest to First Asset Management.

Mixology:
Good morning guys.
It seems there’s a problem oh. 10 percent will be withdrawn from interest at the point of payout. This is not nice at all. This government is going crazy.

Don't worry yourself, as an investor, no matter the deduction, when you invest and the economy is in good shape, it's always a win-win.
As I always advise, change strategy if necessary.

Fixed income fund, which has mostly federal government bonds as the underlying asset, will be a good alternative at this time since federal government-issued bonds are free from WHT.

Main, while Norrengerger Money market fund is doing great. 18.54% as of today.

Click the second link in my signature to register or talk to me.

samarine:
I appreciate your input.

I am actually taking the offer on NGX platform.

From experience, the NGX platform doesn't offer the option to buy additional units; it only gives you your right due to you. It's on the physical form you have that option. If you wish to buy additional units at the same price as the RI price, you can use the physical form instead.

samarine:
Good morning everyone,

Please I have a quick question... After buying my RI from Presco, I was told I can buy more.

I want to ask if it's possible/okay to do that?

Yes, very possible. On the form complete the part asking if you wish to buy additional units. However, note that additional units are not your right so you may not get everything you applied for. Getting additional units depends on availability from those who didn't pick their rights.

ernie4life:
Hello House,

I don't know if this has been discussed here but I will like to hear from the fund managers, will there be tax on my money market mutual funds dividend from next year based on the new tax law?

I’ve asked the same question to a few top fund managers, and most of them only talked about handling the WHT on the underlying assets (T-Bills). None of them clearly addressed what happens to the interest paid to investors. A few said they’ll provide more clarity on that by next year.

Personally, I know the introduction of WHT on TBills will affect returns on MMFs, as it will mean more fees on the underlying assets and a reduction in the net returns paid to investors.

For now, fingers crossed.

essentialone:
When companies make Loss, they don't pay Tax, do they?

So why do we have to pay Commissions to all these inefficient Stockbrokers when we sell off a stock at a Loss?

@essentialone when you buy or sell stocks you don't pay commission on the outcome rather you pay for the process. Tax is paid on the outcome of the business process. So once the process is completed you pay irrespective of the outcome.
Moreover the charges you pay belongs to different entity involved in the process - Sec, sms, VAT, CSCS etc. Again, the decision to sell at a loss is solely yours as an investor or trader nobody is to bear the consequences of your decision. You could decide to make your loss to remain paper loss or you pay for the process of making it a real loss which could actually mean gain if you feel your loss could be more if you keep the stock.

Let the brokers breathe

heavenisreal18:
What is happening to economy T.bill 15percent, MMF Stanbic at 16.85. Any explanation from the expert in finance here

Read through my previous posts. This is the low-rate regime era.

Don't panic. Nothing is wrong; actually, it's a sign of better economic indices, especially a low inflation regime. Rates are reacting to the economic situations of the country and policies of the government via the CBN. We had a time when the rate was as low as 3% in Tbills, and we have also had a time when it went as high as 28%.

Don't stop investing; you can always change strategy.

Geist:
I already paid the 10k. But my mom also has an 3 accounts worth over 10M. Not sure luquidating that account would be the best move. They might also want to charge more than 10k for her move. Also who determines the commission when selling?

@Geist, there is actually no fixed or regulated fee for transfers, but the charges should be reasonable. The truth is, there really shouldn't be a charge; it was introduced just to discourage customers from leaving the current house.

However, if the fees become excessive by all standards, you can involve the SEC because it's your right to move from one house to the other and should not be deprived.

Though most of the ones I have handled were years back, and fees were not even up to 5k. Then and now, I always give them the same suggestion pa Emma gave above. I tell my clients to subscribe to direct settlement, then just sell off all stocks, and use the proceeds to buy stocks in their preferred house.

Ivan18888888888:
Good day everyone, pls I recently bought Treasury Bills through UBA secondary market few week ago …. and now I’m facing some cash flow issues.

I asked uba customer care on phone today to break/liquidate them before maturity, but they said it’s not possible.

Has anyone dealt with this? How accurate is their policy

Just as @freeman67 said it's possible to terminate but it will cost you some cash and time. Getting a buyer sometimes is not very easy.

This is one of the advantages of MMF. Free entry and exit

Faith-based/ethical fund

Invest in Norrenberger Islamic Fund at 15.30%

bassdow:
A lot of them are that way. They just want a YES or NO. Not how to understand and think themselves. Some go call, ask questions and get offended when you explain much.

Although I quite agree with @Creditalerts on your response above. You for just tell am say the Dollar MMF is similar to the Naira MMF except so so and so and this and that. The plenty long grammar above fit make person get more confused than originally before asking said question.

One major reason for this thread is for knowledge impactation and for folks to be well guided and make informed investment decisons. I don't see anything long grammar for stating the features of an investment product. It's part of the ethics of the profession, an individual submission or sentiment should not make us change the rule.

Moreover we have more prospective investors who wish to know much about a product before investing than those who think otherwise.
It's always better to learn to earn.

Creditalerts:
if I invest 500 dollars what should I expect in 90 days time pls

I like money but I no want too much grammar

Between 11 to 12 dollars
By the way, sometimes you need the grammar to know how to like money

Creditalerts:
At bolded number 2 can u trow more light pls?

NDF - Norrenberger Dollar Fund

The Dollar Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar-denominated money market instruments.

Features
Return on investment is competitive and tax free.
The Fund is open-ended and constituted under a Trust Deed.
Quarterly dividend payment or reinvestment.
Redemption of units within the first 90-day period attracts 20% penalty charge on the accrued return.
Redemption is processed within 5 working days.
Online access is available to monitor fund performance.
Diversified portfolio in dollar-denominated instruments - eurobounds in particular
Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit - current price is $104.15

Before the year runs out in 56 days
You can still make some money when you invest in

Norrenberger MMF - 18.56%
Norrenberger Dollar Fund- 9.24%
Stanbic MMF - 17.01%

To open an account and start investing, click the first and second links in my signature.

Let your money work hard to generate money for Detty December

Before the year runs out in 56 days
You can still make some money when you invest in

Norrenberger MMF - 18.56%
Norrenberger Dollar Fund- 9.24%
Stanbic MMF - 17.01%

To open an account and start investing, click the first and second links in my signature.

Let your money work hard to generate money for Detty December

Creditalerts:
Pls who have heard of my invester mutual fund are they good and trustworthy?

Myinvestar is the app powered by First Ally asset management. The fund is called First Ally mutual fund. It's good particulary for Gen Z

Talk to me to know more

Creditalerts:
pls at bloded I have a little question for u?
Can I withdraw my investment on mutual fund anytime?

If I invest on mutual fund when will interest rate start reflecting?


Thanks in advance

1. Yes. You can witthraw at anytime, however, if it's within the first 30 days, you will pay a penalty of 20% of the interest accrued on the amount your are withdrawing.

2. Interest start to accrue from the day of deposit if it was done before noon otherwise it starts the next biz day.

heavenisreal18:
Pls do they deduct WHT from MMF too if I want to withdraw accrued interest

The rate displayed for MMF is usually net of expenses except stated othewise.
There is no form of deduction when withdrawing your interest.

heavenisreal18:
Pls investors, a pensioner with 5m ,she used 2.5 to invest in t bill and 2.5 in mutual.last week her T-bill matured and she discovered the bank deducted 10 percent WHT of her interest .pls where I need your advice for her she want to put all the 5m in mutual fund ,do you advise her to do that.Or she should invest in the two as she was doing before

If she gets upfront interest on the Tbills, she should maintain status quo, but if interest is at the end of tenor, everything should be invested in MMF with reinvestment of interest option.

Josipov:
Please I'm new here
A friend of mine referred me to this forum to find out about stanbic mmf
More than 400 pages to read
Please where do I start?
My kind of work barely afford me the time to visit any bank during work hours

@Josipov, you are welcome. You don't need the whole of the 400 pages to get the basic knowledge of what you need to start investing particularly in MMF. You don't also need to visit the banking hall to invest. Right in your office or at home you can invest without any stress.

First, have an investment objective, which will guide you on your research. If you count 20 pages backward from this current one, you will get some basic knowlesge you need and ask your questions, with that you can hit the ground running.

The truth is that learning whether on investment or any other aspect of life is a continous process.

By the way you can also reach out to me.
My contact is on my signature.

emmatony:
Please, I would like to seek some advice. I own a twin two-bedroom flat. After calculating the potential returns from selling the house and investing the money in a money market fund (MMF), I realized it would yield much better returns than the rent I currently receive. Do you think it’s advisable to sell the house and invest the money instead, so I can have peace of mind and avoid tenant issues?

You can sell a property to buy a better property, especially when location is considered
You can use the gains from property to buy liquid assets like MMF, Bonds, or stocks
You can sell liquid assets like MMF/stocks to buy property

But never sell a property to buy a liquid asset like MMF or stocks, it's risky

But if you are a realtor or your business is real estate, ie, buying and selling of property, you can sell property at will since that is how you earn.

Just saying it as I see it o.

enemerci:
Thank you very much for this perspective on this matter. But considering all the factors i stated above and you are to advise such a person as your younger brother/sister. What would be your advice seeing that he is starting late and willing to take the risk to maximize both opportunity and time.

Thank you.

@enemerci, with the scenarios you stated above, I want you to understand something, and kindly consider the following points below, which will give you more understanding of how Investment really works.

Investment is not a get-rich-quick scheme and does not operate in isolation. It moves in line with the economic realities of a country at any given time.

For example, in recent months, rates on fixed income instruments—including Money Market Funds (MMFs)—rose as high as 24%, while inflation peaked above 30%+ and the Monetary Policy Rate (MPR) was equally high. Now that inflation is easing and there’s a trend of rate cuts, MMF returns have naturally declined.
Investment outcomes follow macroeconomic trends, not personal timelines.

1. Investment Responds to Economic Realities, Not Age

Investment does not “know” your age; it responds to the economy. Some years back, TBills yielded as low as 3%, and any fixed-income instrument offering 6% was highly sought after. However, the purchasing power of the naira was stronger than compared to periods of higher yields with high inflation.

2. Investment Depends on Available Funds

Investment is not about making money instantly—it’s about setting aside money already earned/made to generate more.
For instance, someone starting at age 20 with ₦1 million can build steadily, while another starting at age 40 with ₦10 million can still achieve strong results. What truly grows wealth is the ability to earn more by creating more value—through better skills or expanded services.

3. Avoid Emotional Investing and Ponzi Schemes

Feeling like you’ve “lost time” can create a false sense of urgency, which often leads people into Ponzi schemes. High promised returns can look tempting, but genuine investment takes time and patience.

4. The Uncertainty of Future Returns

No one can predict exactly how an investment will perform in the future. Investors and professionals rely on available data, but only God truly knows the future. That’s why many investment products include the disclaimer:

“Past performance is not a guarantee of future returns.”

5. A Balanced Investment Approach

A sound strategy I would advise is to allocate your portfolio as follows:

60% in fixed income (e.g., MMFs, bonds, T-Bills)

40% in equities, focusing on fundamentally strong and dividend-paying stocks, with reinvestment of returns in place.

Also consider adding REITs (Real Estate Investment Trusts) for diversification.
While stocks carry more risk than MMFs, they remain the most viable and value-retaining investments globally. It's not as risky as it's been portrayed by novices and unlearned investors about equity investment. Why do you think Forbes evaluates billionaires primarily based on shareholdings?

6. Key Principle: I always say and advise investors to consider Return of Investment before Return on Investment

Always prioritize capital preservation before chasing high yields—especially as one nears retirement.

7. Final Thought

As a professional principle, it’s advisable to focus more on fixed-income and low-risk instruments as you approach retirement—all other things being equal.

Investment success requires patience, informed decisions, diversification, and an understanding of the economic climate. Long-term stability, not short-term excitement, creates real wealth.

I hope this helps

DAramis:
Can you talk more on these please. Already sent email to them on how to go about it , but no reply from them.

And their website didn't provide any useful information. You can use a hypothetical sum like 100k naira to explain how it works (I don't know if it works like NTB or MMF)

Real Estate Investment Trusts (REITs) are mutual funds that have underlying assets only in real estate (properties) rentals/sales. Unlike the other mutual funds like MMF and Fixed income fund, REITs are a closed-ended mutual fund, ie, they have a specific number of units that are traded just like shares of listed companies, hence REITs are listed on the NGX, and so to participate, you will need to open a stock/cscs account. REITs are not like TBills in any way.

The returns are not fixed, hence I can not tell you what you will get if you invest, say, 100k or any amount. Their prices/value depend on market forces. Though the returns are not guaranteed, from experience, there is always a return on investment. Some, like UPDCREIT, pay dividends/distributions biannually. REIT is a good source of cash flow.

If you don't have much capital to get physical property, a REIT is the way to go.

To start investing in REITs, click the 3rd link in my signature to open an account for free. You don't need to contact the fund managers to invest in a REIT.

Once your account is opened, you can invest any amount as low as the amount for one unit of the REIT.

See Q3 results of SFSREIT as released today on the NGX

https://doclib.ngxgroup.com/Financial_NewsDocs/45208_SFS_REAL_ESTATE_INVESTMENT_TRUST-SFS_REIT_KEY_PERFORMANCE_METRICS_CORPORATE_ACTIONS_OCTOBER_2025.pdf

You can also reach out to me if you need further guidance on this, especially on the account opening process.

playces:
Oga emmasoft, we need you here.

@enemerci, @playces, and others, my candid advice is to follow your investment objective. Investment is not only about the rate; other factors determine where, how, and what to invest in.

Some factors that determine where to investment:

Investment Objective
Risk tolerance
Age
Knowledge
Government policies
etc.

When rates are down and inflation is also decreasing, the value of your investment actually increases. The quantity may reduce but the quality increases.

For more on what I suggest, read my post on page 403 - STRATEGY TO WIN DURING LOW RATE REGIME

olig:
RE: WEMA BANK Rights Issue

Please, has WEMA credited the rights (shares) to those who subscribed? The subscription ended in May
I have not been credited. Or am I missing something? Has anyone received or knows when it will be credited?

Yes, they have. Contact GTL Registrars if yours is not credited.

leocollins:
Research brought me here.. greetings everyone

Your research has brought you to the right place. If what you are looking for is about investing in low-risk investment windows, such as mutual funds, particularly money market fund, stay glued here. I will advise you to take time to read some previous pages while here.

Also, as you are doing your research, make sure you set your investment objective. This will also guide you on what to concentrate on and how, and what to invest in.

Odunharry:
Well done Mr Emma

Thank you, I appreciate you too.

Alaska90:
Apart from Meristen, please can anyone recommend another SEC regulated mutual funds with a very good and functional dashboard like Meristem Wealthbuddy app?

You can also go with Stanbic, First Ally