₦airaland Forum

doublechief96:
Please i have a question to our financial gurus if someone invest 2m with 364 ternor what will be his interest. Secondly how do they pay the interest? I would appreciate una kind response

Homextras:
let me understand. Does it mean for one year the rate is 25%?

Pierce008:
Good Afternoon Senior Investors.

How do one update KYC on Stanbic MMF account?

I opened the account yesterday via online but there is some inconsistency I would like to correct, I'm currently skeptical in funding the account as result of that.

According to the email I got, I will need to fund the account before my login details will be sent. With this login details, is it possible to do update on account informations? .

Thank you as you respond.

Meerahbel:
It's poor GT fund managers are doing 22.3%

Pierce008:
Good day Senior Men in the house...

This is the first time I want to invest in T-bills, and I have been observing these thread for some days now. I am quite exposed to the fundamental things I need to know. So today, I decided to visit the nearest Stanbic Bank to open an account with them since you need to have an account with the bank before trading in T-bills through them.

I told the customer care representative handling the account opening process about my intent. She immediately started trying to convince me to consider another investment option, which they didn’t specify, claiming it was better than T-bills. However, I’m someone who doesn’t get easily swayed, so I told her and her colleague that I am focused on T-bills for the moment.

During my conversation with them, they didn’t even seem that knowledgeable about the T-bills process.

My question is: how does the allocation of an account officer work? I thought that by going directly to the bank, the process would be seamless for me.
Someone should enlighten me more.

olig:
Please, do FBNQUEST accept NIN slip as a proof of address/utility. I can't remember

Nkwomarket:
Does anyone use piggyvest here? I would like to know how it works?

eroworld:
Does TB and piggyvest pay interest upfront?

Gvstavo:
Kindly educate me on this. If you select to reinvest your interest, that is effective every quarter correct? Which means the interest from January would not be added to your capital until 1st of April? Instead of waiting for 3 months for the interest to be reinvested, would you recommend to opt for monthly payout of the interest every month and then deposit the same back as top up? That way your capital increases every month, so as your gain. I feel like there is an opportunity cost by holding that interest for 3 months before reinvesting it. Please let me know your thought on this.

farydah:
maam, I’m currently with quantum zenith money market. In the spirit of diversification, would you advise I go for this?

sky404:
pls House,
I am considering locking 15million Naira for one Year, while expecting Good returns,

Therefore,
Between 19% First Bank secondary market Treasury Bills

and

22.30% Stanbic IBTC money market fund

which one is better??

sky404:
Pls House,
is there anyone here who can correctly show us how percentage interest in money market fund is calculated annually??

Let's say I invested 15million Naira in Stanbic IBTC mmf rate of 22.30% for one year,
with the condition of re-investing the accrued interest for just one year,

pls how much should I expect in total after one year, & after all charges have been deducted by the fund manager??


Also,
Aside the witholding tax, what are the likely
charges the fund manager will be deducting??

farydah:
Pls how much am I expecting if I put 5m in Dangotés CP?

LumenKrist:
Norrenberger MMF is extremely good. Their customer care services is superb. Their operations are above it's peers.

temi4fash:
Do you have to be their physically?

digitalinvestor:
Good morning Nairalanders!

Please what is the essence of having CSCS, CHN, Member code or Tax ID to invest in Commercial paper? This was part information requested for in the subscription form but I don't have it. Is there any consequence at maturity? Pardon my ignorance it is my first time buying CP, I only invest in Mutual funds and FD.

Guys, I need your clarification on this! I thought you only need CSCS account when it comes to bond and shares .

MOM1:
Does anyone know the result of today's auction?

sheilchi:
Hello All,

please how good is NORENBERGER. Are they legit?

Fynebouy:
Hello please can anyone help me. My partner invested in TB through firstbank. Asked that the interest be paid upfront and reinvested. The receipt from FBN states only the original sum and nothing abour the interest or its reinvestment. She has been trying to get information on this interest but nothing is yielding. How should she address this with the bank?

Grateful for someone to provide clarity please

Neurotika:
Thanks. How is their account opening process like. Do they also have physical branches?

Neurotika:
Thanks. How is their account opening process like. Do they also have physical branches?

emmasoft:
It's not possible using the same details, I wouldn't know if that has changed presently.

Why not open another MMF with another fund manager.

The same thing yours sincerely did, using stanbic and Norrenberger, one for personal pension while the other for emergency fund.

Dolphinlove:
Hi everyone, please what is the interest rate for Stanbic money market fund for example if you keep
100k without withdrawing, how much will the monthly interest be ?

Chriswazo:
Missed out on this January because my messages to them since last 2 weeks have not been answered.

Thank you

Chriswazo:
Guys please I have a question. I am a diaspora but looking at investing in FG bonds this year.

Please who can recommend a stock broker with effective online services and good response times, between Stanbic IBTC and Afrinvest?

Shalom428:
Follow this account on IG : getfinanceandinvestmenttips

phylp:
Hello everyone, I am new and heard alot about this mutual funds that is how I got to this thread. Please can anyone with sincere heart help me with step by step on how to go about it. I have been reading the whole trend but getting confused because it is a lot. I am sincere and need someone to mentor me from the start. My whatsapp number is available 08149149143.

Francis8999:
Do they deduct like up to 10%? And can huge funds be safe on it ? Thanks.

Francis8999:
Happy new year. Please who have used ALAT wema savings plan? The stash featured and fixed goal feature. Does it work fine ? Thanks .