₦airaland Forum

Smartguyboy:
Just curious 👀 I am the only experiencing this drop from Cowrywise from 23% to 19% .

Or

Other MMF is having this drop too ?

Same here, but it cut across other MMF too

234ng44uk:
I'm just curious about withdrawal limits on MMF with different managers. My Stanbic account has a limit of 5m. Is this the situation with all stanbic accounts or am I on a lower tier? Also, what's the withdrawal limit with other managers on their highest tier?

I have done as high as 40m on ARM before and reflected in less than 4 hours same day. I also find the limit with STANBIC a bit worrisome

bassdow:
...and you forgot the 50,000 naira you withdrew, wasn't up to the 50,000 naira you originally invested all thanks to Naira devaluations + inflations

I am very well aware of that, but at least I counted my loses and moved on

Preator:
Did 20-30k a while bk on about 4 of them also for knowledge purposes too. All but one went down. My account manager called to ask me to close all the rest.

Fact is that where equities are involved, there is lot of volatility. It may go up or down. In the long run, it's usually fine in the long run.

That was how I kept 50k in ARM Aggressive Fund some time in 2008 (10th April 2008 to be precise). At some point around August, 2011 the fund has gone down to N27,907.74. Fast forward to 2021 around December, I noticed the fund was a little bit above 51,000. I just sharply withdrawn my 50k leaving the 1k+ in there. Currently the balance on it is ₦3,466.70. You could imagine if I kept my 50k in MMF since 2011. So those risk are not what I'm willing to take any longer

monikulapo:
Honestly, from casual observations.. I feel the bulk of the mutual funds industry is as well. Even though two truths can coexists no one was willing to explore that conversation. Returns are guaranteed .. awesome. However, something seems off about the transparency of investments.. I was hoping someone (perhaps an accountant) would point out ways these things can be publicly tracked.

This is a discussion everyone is avoiding. We have seen how cowrywise is doing their reporting. What is so difficult for other fund manager to have such platform?

Jeoma2024:
do you have ideas if the interest rate is up to that of MMF

As it has been discussed above, please read again.

Jeoma2024:
Something came to my mind and I said let me ask the group if it is really possible

As an individual, doing business in Nigeria not working with any organisation or government

Is it possible to get pension account

Like open pension account with one of the pension companies and be contributing monthly

If possible then I will need a guide on how to go about it

What is the interest rate like?

Does it really make sense?

Yes, very possible. Just be making voluntary contributions at your pace. Just get in touch with any PFA of your choice, they will be glad help

A305:
Bros, you just copied ChatGPT and posted for us, Not everyone will understand this and you couldn't even bother to explain.


Anyways in layman's language, the summary of what you posted is; people are picking Equities (stocks) over long term bonds. And as at today, the bullish equities are in the Insurance sector, it's worthy to note that the momentum is still ongoing, it also warns that if you run the type of mutual funds which the underlying asset is in equities, then congratulations but be conscious of when the momentum stops. Your capital could be at risk.

Even with a clear heading that reads: "InvestNaija Market Watch: 11th of August 2025"; you still formed your opinion that it was from ChatGPT. Well, that is like a weekly investment update from Chapel Hill Denham who I maintain a fund with. I only shared because I felt it addressed the current happening and I never took credit for it. I could have removed the intro if I intend to do that ( at least I'm not dumb). Thanks for the summary anyway, I also found it interesting.

InvestNaija Market Watch: 11th of August 2025


Happy Monday, INsider!
New week, fresh opportunities and the market wasted no time making moves. The ASI posted a modest gain, but the real fireworks were in insurance stocks, which once again led the charge. Let’s break it down.

💱 Currency

The Naira traded between ₦1,500 and ₦1,540 per US dollar, closing weaker at ₦1,535.93 (-0.15%) according to the CBN.

Nigeria’s gross external reserves ticked up 0.33% to $40.29bn (as of 8 August 2025).


📌 What this means: A slight currency dip offsets the boost in reserves, FX stability remains a balancing act.

📊 Equities

The NGX ASI rose by 0.09% to 145,880.77 points, pushing YTD gains to 41.73%. Gains in MTNN, DANGCEM, and ZENITH helped the index stay green.

Top traded by volume: LINKASSURE (703.59mn), UNIVINSURE (230.54mn), AIICO (154.73mn)

Top traded by value: STANBIC (₦1.70tn), LINKASSURE (₦1.60tn), ZENITHBANK (₦1.20tn)

Sector snapshot:

Gainers: Insurance (+9.74%), Consumer Goods (+0.97%), Banking (+0.44%)

Losers: Industrial (-1.47%), Oil & Gas (-0.56%)

🟢 Top gainers: AIICO (+10.00%), SUNUASSUR (+10.00%), STANBIC (+10.00%)
🔴 Top losers: ABBEYBDS (-10.00%), ABCTRANS (-10.00%), UACN (-9.99%)


📌 What this means: Investors continue to pour into insurance names, while industrial and oil & gas sectors face headwinds.

👀 Did You Know?

The Insurance index’s +9.74% jump today is nearly double Friday’s rally, back-to-back strong sessions that could signal sustained investor momentum.

💵 Fixed Income

OMO: Average benchmark yield fell 5bps to 25.46% as buyers dominated across all maturities.

NTBs: Average yield slid 12bps to 16.59%, with notable demand for the Nov-25 (-37bps) bill.

Bonds: Average benchmark yield rose 2bps to 16.30% as heavy selling hit Apr-37 (+52bps) and Jun-38 (+19bps).


📌 What this means: Short-term instruments are in demand, but longer-dated bonds saw profit-taking.

🏦 Money Market

OPR eased 8bps to 26.42%, while O/N held at 27.00%. System liquidity tightened, with bank balances falling to ₦313.92bn from ₦750.31bn.


📌 What this means: Lower liquidity could push short-term borrowing costs higher later in the week, especially if demand for cash spikes ahead of mid-month settlements.

🌟 Mutual Fund Highlight – Chapel Hill Denham Paramount Fund (Equity)


Closed at ₦50.49 as of 8 August 2025, with a YTD return of 65.82%.
The fund’s performance reflects strong equity market momentum, especially in high-growth sectors like insurance and banking.


📌 What this means: Riding market rallies through an equity mutual fund can deliver impressive gains, remember capital is at risk.


That’s your Monday market wrap, INsider. From insurance rallies to shifting bond yields, the week is already looking interesting. Let’s see where it goes.


Stay INformed,
The InvestNaija Team

📚 Glossary Corner: Today’s Market Terms, Simplified

Mutual Fund: An investment that pools money from many investors to buy a diversified portfolio of securities.
YTD (Year-to-Date): Measures how much an investment has gained or lost from the start of the year up to today.
Liquidity: The amount of cash in the financial system, which affects interest rates.
bps (Basis Points): A unit of measure in finance. 100bps = 1%. Used to describe rate changes.
NAV (Net Asset Value): The price per unit of a mutual fund. It tells you how much each of your units is worth.

synoble:
Thank you...Exactly my thought. But the rates Franklyex shared was different when I compared to the rates on the blunest app.hence my surprise

It has been established here that apart from Cowrywise that applies the rate the publish on their site each day without any variation, every other fund manager are not very transparent in this aspect. What I have published up there is the actual which you can verify yourself. It's a simple calculation. Apply the rate on your principal and multiply by 365. Let me know if you have what they published on their site as the rate. I don't know how they do their calculation. Only Cowrywise tallies per time

Neurotika:
Do you have an idea what their fees are and the ease of redemption and top ups. Their published historical performance has been the most impressive I’ve seen. I think Meristem and Coral (FSDH) are also underrated based on what I’ve seen so far.

Their Fees- Before I got upgraded to the current level with no fee to fund my account, it used to be N250 and N50 when you place a withdrawal. I'm not aware of other fee aside these 2
Ease of Redemption- I have to delay my response because I actually placed my first withdrawal yesterday around this time and exact 24 hrs as they stated, I have got the alert. So it's seamless To top up is as well very seamless

chuxmgc:
How do one start investing on Cowrywise?
And can one have access to both the capital in interest at anytime?

The same way you have been investing with others. Do your findings and proceed. Everything is in the web sapce

ogoo4real:
What about Axamansard mmf. How is their interest rate like?

I don't do Axamansard really. I only do STANBIC, ARM & CIWRYWISE. I used to do Chapel Hill Denham but their rates is the lowest over time, so I have to take my fund.

nickae:
Cowrywise is doing better

Yes, I also track cowry despite the fact that they are the most transparent in terms of reporting. I just don't understand why other MMF can not have a transparent reporting platform as cowrywise. Whatever they report is what you get real time.

Please note my cowrywise account level is Bloom. So the returns are for High yield investment

nickae:
Some dates are missing from what I see

The missing dates are probably the weekends or other public holidays.
the average of those days is reported in the next reporting date.

the highlighted yellow cell at the top represent the cumulative average for the quarter.

ogoo4real:
Please what is the current interest rate for Stanbic IBTC mmf as well. Thanks

This is the actual with STANBIC having factored in their monthly reinvestment scheme.

yekini007:
Please what is ARM Money Market Fund current interest rate ....??

The is the reality with ARM now.

bassdow:
I'm sorry but I focus only on Financial institutions tied to DepositMoneyBanks of which most finTech apps ain't a part of

please, which deposit money bank is ARM tied to?

Tolu2024:
The way Cowrywise is falling this days are we safe ?
Start from 22.24% up to 22.32 now it’s down to 22.06.

If this get below 21% am cashing out

I beg oo, just singed up on the cowryswise yesterday. Please don't hesitate to share any observation you make here as per you having been with them for some times. But the variation up there shouldn't cause for alarm shaa

emmasoft:
Login to your account. If you can see a subscription transaction described as gains from the 1st to 30th of June with an effective date of 30th June, it shows you opted for reinvestment of interest. If there is nothing like that, then expect your interest to be paid between now and the 7th of July.

To change your preference regarding the utilization of accrued interest, send an email
to customer care requesting for account
update form. On the form, pick reinvest interest or pay out depending on your current
option and what you want going forward.

Thanks, is it like this?

emmasoft:
Are you sure you opted for reinvestment of interest? because reinvestment of interest was done on the 30th of June, while those who opted for interest pay out will get credited between 1st and 7th of July

Please how do i check my status and what do I do to change it?

Please, the STANBIC MMF subscribers in the house. How are those guys treating their end of the quarter accrued earnings? I was expecting it to be nil off and added to the principal as a reinvestment so that new earning will start accruing. It's 48 hours in the new quarter and nothing has changed. Pls na so dem dey do over there?

0ubenji:
So, I can now confirm ARM are corporate con artists. I purposely set up the MMF fund with N1,000 to do clear-cut calculations with its first interest payment, and lo! And behold, it was 18.615% as against the acclaimed 22.16% for the given day.

I, however, suspect that this shortchanging is applied based on account tiers. That is, someone with a higher investment capital could probably get 20% for yesterday, but nobody is getting the acclaimed rates they post on their website for sure.

I deduced this because the ARM staff I spoke with today, who's yet to get back to me as promised and most likely never will unless I call her again, particularly requested to know what tier level my account was on. That sold them out.

No, yesterday return was like that at my end too. I wouldn't know what would have warrant such a sharp drop

IllRatherNotSay:
Dear ****, we apologize for the delay in our reply. Please be informed that the yield published is a 30-day rolling effective annual yield and not the daily yield.

I still do not get that bold part

0ubenji:
I've called my relationship manager and asked her directly if these daily rates are gross or net. She asserted they're net. I pressed further, promising to hold her to her word if the interest I accrue by the end of today doesn't agree with the acclaimed rate. Then she backtracked and appealed for me to await her response later today.

Then she quickly chipped in casually that even if it's 20 point this or that, it's among the highest, blah blah. I interjected and made it clear that I'm not interested in that sales pitch, but I prefer to know for sure if that's some convenient error or marketing gimmick. I wouldn't be comfortable trusting such a fund manager with a significant amount of money. I cherish transparency.

She will not get explanation for you. They make it seem as it's a rocket science. Anyway we are still here for now

nickae:
But stanbic stated about 20%

It is not even clearly stated. or can you point out that to me?

FRANKLYex:
All their computation are in this way. I'm sick of it myself. This is my ARM computation and I have always referenced the previous day deposit for the current day earning, yet the average earning is 20%

STANBIC too is of no different.

IllRatherNotSay:
Regarding Cowrywise, my experience has been positive, with all transactions, including withdrawals (processed within 24 hours), managed conveniently through the app. Customer service is responsive; for example, I received a proactive call notifying me of a failed direct debit top-up. The onboarding process is seamless and entirely app-based. Note that compounding is not automatic; reinvestment requires manual withdrawal to your wallet followed by redeposition. Withdrawals are permitted without minimum holding periods. This information is provided for context and does not constitute an endorsement. In Nigeria, integrity is usually temporary.
I hope someone who has an account with ARM can let me know how it works per experience only.

All their computation are in this way. I'm sick of it myself. This is my ARM computation and I have always referenced the previous day deposit for the current day earning, yet the average earning is 20%

nickae:
See cheese

Didn't you see the moniker oilmaney

Please can we discuss the MMF & the real estate
Does the real estate market really worth the hype?
I want to be enlightened please like a dummy.

drehdinho:
I’m working on a small project and I would love to build a mutual fund aggregator as a feature with it. Can you share the source of your data insights with me please. I will be so happy if they provide APIs as well.

The source data is my personal investment history. I am a regular investor. I top up almost everyday. There is a need for me to keep track and ensure nothing is missing. I have been keeping track since the 2nd quarter of 2024. The best I can share with you is the daily rates generated for some past period.