₦airaland Forum

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“I will continue to speak out loudly against war, looking to promote ⁠peace, promoting dialogue and multilateral relationships among the states ⁠to look for just ⁠solutions to problems,” he said, speaking in English.

“Too many people are suffering in the world today. Too many innocent people are being killed. And I think someone has to ‌stand ‌up and say there’s a better way.”

In a Sunday night post on social media, Trump had unleashed a storm of criticism at Leo, calling him “weak on crime” and “terrible for foreign policy”. He said he does not “want a Pope who criticises the President of the United States”.

Trump’s unusual outburst appeared to be triggered by recent remarks from Pope Leo critical of the US-Israel war on Iran.

https://www.aljazeera.com/news/2026/4/13/terrible-for-foreign-policy-trump-attacks-pope-leo-after-peace-appeal

I have been using it for like 4 months now, and it has been between 16 to 18 %

Alaska90:
How long have you been using GT MMF?
Please what has been their lowest and highest rate since you started ?

thanks

I have been using it for some time and it is very good and efficient

Princewalexy99:
Please who really know much about GT MMF as I appear to be a new beginner as their daily rate often appears fairly attractive since started with them.

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?

Yes, 10 % WHT on the interest rate. Please, i am not an expert

lexybaba1234:
Dear Emmatony, thank you for your response to my inquiry. I really appreciate. God bless you. I will provide an update today as soon as it is processed.

Mine reflected this morning. Please check yours

lexybaba1234:
Dear colleagues and seniors, am new here, I just want to know, I funded my GTBANK MMF wallet yesterday evening and it is not yet appearing in my portfolio. What is happening please 🥺. I use my mobile banking app. Does it delay like that ? First timer

I have the same problem. Mine is since the 1st of November. I called them and they promised to fix it.

FineUsername:
What area in Keffi? I fit get interest when you made up your mind to sell.

It is located after Keffi Prison

I would like to inquire about the implications of the new tax law scheduled for next year. Specifically, how is this law expected to affect money market funds (MMFs)?

floridam:
All of the time, buyers want to buy far cheaper than the selling price.
The fact that an asset is worth an amount does not mean you can easily get buyers who are willing to pay for it almost immediately or within a short period of time especially when millions are involved.
In my opinion boss, if you get a buyer who is willing to pay a little less than your selling price, sell (If you badly need your money liquid) otherwise don't sell if you are not under any financial pressure. I won't be surprised when potential buyers are asking to purchase for N15M, na their way.
A piece of land of N5M is still not in an area developed enough to attract buyers who can afford to pay N30M for a completed building.
Your building should be one of the most beautiful in the area if i guess right .

Thank you very much. I am not under any financial stress at the moment, and I am willing to lower the price I mentioned above. My house is also one of the less attractive ones in the area, as there are buildings in that neighborhood valued at more than 200 million.

DonnyE:
Great, I am in a similar situation but in my case I have not built a house but I have the money to buy land and build the house. But this is what I intend to do. Please take note this is not financial advice, this is my personal decision.
If you can actually sell the property for 30 million I would advise you sell and buy another landed property for 5 million and then invest 5 million naira in Nigeria and US stock market.While you hold onto to 20 Million naira and invest that in either Treasury bills in Nigeria or Money Market funds for monthly cash flow, remember cash is king. Take note please this is not financial advice. This is what I personally would do since i am also in a similar situation. Even if rent goes up to 500k per unit I would still take you 30 years to recover your initial capital not even factoring in repairs that would be coming up with those years. Now, even if you decide to see the property by 20 or 30 years time. The value of the house would not matter ONLY THE VALUE OF THE LAND would matter in 20 to 30 years time.

Cheers

Thank you very much. I truly appreciate it

bassdow:
Now this additional informations throws better light.

If you know that there still are lands in said area, and by selling the house, the SELLing price would cover both cost of building + inFlation + some profit, then be sure to sell, deduct the profit and invest in MMF, then use the rest of the funds to buy another Land in same emviroment. Mind you, you still got to secure said lnad by doing some perimeter fencing.

MeanWhile, kindly do note that the interest rates wouldn't always remain high. Just thought we should remind us that.

Thank you very much. I truly appreciate

DonnyE:
Hello, furnish us with more information to better assist you with this decision.
1. Location of the property.
2. Original cost with land included.
3. Annual Rental value.
4. Proposed selling price.

Cheers

Thank you very much. The property is located in Keffi, Nasarawa State. I built the twin two-bedroom flat apartment at a total cost of ₦22 million, including the land, which I originally bought for ₦750,000. Currently, land in that area is valued at around ₦5 million. The annual rental value is between ₦600,000 and ₦600,000 for both flats combined. The house is still brand new—no one has moved in yet. My proposed selling price for the property is ₦30 million.

bassdow:
I already sensed He's made up his mind already. Most people do when they ask such questions. Hopefully He doesn't regret it later. Ignore the buying another land talk.

. No, I haven’t decided yet. Let me explain more about why I’m considering selling the house. I built the twin two-bedroom flat apartment for about ₦22 million. The rent in that area is around ₦300,000 to ₦400,000 per year, which means I would earn about ₦600,000 to ₦800,000 annually for the two flats. The house is still new, as no one has moved in yet. However, I recently realized that I could have used that money for an investment instead of building the apartment. There are still plots of land available in that area that I can buy.

DAramis:
I feel like it is a hasty decision by you. you need to think it through before going ahead.

Should you decide, I wish you all the best in the business transaction.

Thank you very much. I may just hold on till January 2026, being that I am not under any financial stress at the moment. I will use this time to learn more about investments

A305:
Chief, let me break it down, and after I finish, if you don't understand. Ask question, let me clarify.



In real estate, house built on the land isn't the investment, the investment is the land itself. House built on it (rent) is just for passive income. You will only cash out the real value of the land appreciation after you sold off the property.

Most people don't get to recoup money used in buying land and building house on it just from rent, however, they can recoup quickly when they sell outright.

What you have in your possession is an ASSET that will bullet you even if Nigeria financial system collapses.

We investing in mutual funds and not having landed property is very risky because the day Nigeria Government begin to default on loans like Tbills, Bonds, OMO and Eurobond.


The panic will cause people to start withdrawing their investment and if that happens, Banks will prevent it by not paying because they can't pay everyone at once and Government needs liquidity because they wouldn't want to print more money, it will worsen inflation.

Stock market will collapse overnight.

So they (the government) will seize our MMF money, Seize, Tbills money and default on other loans. (Even the U.S seized it's citizen gold when it came to times like this during the great depression.)

The only people that will be saved will be long term bonds holders and OMO holders, why?

Because Government already took their money, they will only refinance it.


By then, we the MMF or Tbills investors prayer point will be, "oh Lord, let Nigeria economy stabilizes so we get our capital back without interest" lol

Actually, that was what happened in Greece before EU bailed it out.

Now, let's bring it home.

You sir, are a lucky man because when government seize our investment money, they can't come to seize your land.

By then you can sell your land using btc or USDT as transaction currency because Naira will be useless by then.

When you sell your land, you will Japa, it is then you will now understand the value of land property.


If you like my explanation, follow me on my YouTube channel where I break down finance and money related matters.

Thank you very much. I really appreciate your explanation. I think I will sell the house, use the money to buy land nearby, and invest the remaining amount. Please, what's your YouTube page name?

Neurotika:
Location matters. If the property is in a growth area or selling wouldn’t release meaningful capital (roughly 40m or more), it’s better to hold. But if it’s in a slow market where prices haven’t doubled in the last 5 years; the buyer’s offer is well above market value; and even after stress-testing (say MMF at 10%) the yield still beats your rental income by about 20% or more…then selling makes sense. Use part to buy land in a better location and invest the rest in MMF.

Thank you very much

emmasoft:
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.

Thank you very much

Donbrig:
Selling a house to invest in any mutual fund or any other asset is a big mistake, properties are the real investments, no matter how low the rentage might be at the moment.. that's why it is called REAL-ESTATE, the only real asset you can control..

Every other asset like bonds, stocks, treasury bills or mutual funds are all in electronic format, meaning anything could happen or go wrong anytime and everything would be wiped out within minutes.. Like wars, professional hackers or bad goverment policies. Unlike properties where you can dictate what and what happens to your assets, no matter what happens.

Most wealthy people have huge portion of their wealth in properties, even if they aren't earning much from these properties, because properties are the only asset they can control themselves, other assets or investments are mainly influenced by goverments or global politics.

Thank you very much. Please, what if I sell it and use part of the money to buy land, then invest the remaining amount in a money market fund (MMF)? Would that be a better option than keeping the house and renting it out?

bassdow:
in addition to what's said by @keeper303 , would love to remind us that, Real Estate constantly increases in value almost on daily basis hhence you could collect rent for 10-years and end up putting it up for sale for 500,000 naira BUT if for instance you weren't quick to get a buyer, the value could have increased by then so much you might even have to change the price to 700,000 naira and counting. Mind you, the rentage fees (which never goes down) ain't even included sef.

Bottom line is, if you never build, don't invest heavily like that BUT if you already did, selling it off wouldn't be wise at all.

Thank you very much

keeper303:
The problem with this type of scenario is that one cannot give you a concrete and definite answer. If the rent payable now is meagre, what of when rents increase in future. The same question applies to MMF. For now, interest on MMM is high but reducing as a result of fall in inflation figures. What happens in future if MMF rate reduces to 3% per annum? So you see, your question does not have a definite answer.

Thank you very much for your response

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?

muyico:
If they kill her, will that wake Ur son up?? Forgive her, and hands everything to God, to judge her

This is the reason Nigeria will never be better. Why give to God what you can do for yourself

CaptainJune:
Lol. Black man mentality 😂. Lead by example. Show us something productive you have engaged in that makes your government competent and undeserving of the blame for the rot in the system. Go on, show us. If this was coming from statisense or a white person you would be singing a different worship tune.

You are part of the lazy youth we are talking about. Why can’t he ask AI how to be productive but he has the time to ask about tribe. What will that information add to him?

Most youths in Nigeria are jobless. Why don't you use your time for something productive. After we will start blaming the government for our laziness

[quote author=hegelian post=136382506]this country is gone...see what a grown man of 2025 in a country so struggling to survive, with leaderships challenges, education decadance and poverty is using his time for..see what a supposedly intelligent being is disturbing himself using AI for when it can be used to better the country,self, others...i fear for th

LordIsaac:
I see....
I just believe that in this life, if it is written that you'll make it, you will eventually; it doesn't matter what you do.

There is nothing like that. They worked hard and it has paid