₦airaland Forum

100naira:
Abeg Access don declare dividends for the year?

No, they didn't. So wait for maybe interim after H1 or full year 2026. That self is still not guaranteed.

Incredible128:
These are it's network specs according to gsmarena and following it, it possesses the network bands used by Nigerian networks save for bands 7 and 20 which I think some networks use; but it having band 3 covers for the 4g though as that's what's common; for the 5g, I'm not very sure but I think it'll work but I don't know the 5g bands Nigerian networks run on. But overall, I think the phone would connect to Nigerian networks. @freeman67

Thank you very much. What made me to consider accepting it was it's 16+6GB Ram and slightly higher battery capacity.

I just don't want to rely on my own tunnel vision on that and forget other sides.

Apart from the above 2 things, every other thing there that is not the same (Like Camera, Charger , capacity, languages the phone can operate with, Google Services, bloat wares etc) seem to favour the Global Version more.

genius43:
You will miss outon Bands 7, 20 which are used in a lot of locations in Nigeria by Glo and MTN. And you may not enjoy carrier aggregation where your device combines 2 or more bands to give you the best speeds when they are available.

Also for playstore it will work but you may not be able to get full experience from some streaming apps.

The long and short is stick with Global version

Thanks Bro, I appreciate.

searchng4love:
No.

Thanks for your reply. I appreciate.

Good day house.

Some1 wants to send me a Redmi note 15 pro + 5G... 16GB + 512GB. What I see here as highest is 12GB + 512GB so I enquired further and discovered that what he wants to send is a Chinese version of it because the Model no ends with C Instead of G.

Can it work very well in Nigeria with Google Playstore and still cover our network here?

What are the disadvantages and advantages?

Good day house.

Some1 wants to send me a Redmi note 15 pro + 5G... 16GB + 512GB. What I see here as highest is 12GB + 512GB so I enquired further and discovered that what he wants to send is a Chinese version of it because the Model no ends with C Instead of G.

Can it work very well in Nigeria with Google Playstore and still cover our network here?

What are the disadvantages and advantages?

Good day house.

Some1 wants to send me a Redmi note 15 pro + 5G... 16GB + 512GB. What I see here as highest is 12GB + 512GB so I enquired further and discovered that what he wants to send is a Chinese version of it because the Model no ends with C Instead of G.

Can it work very well in Nigeria with Google Playstore and still cover our network here?

What are the disadvantages and advantages?

alfajohn:
I think Nigerias should actually boycott anything Stanbic bank. I have MMF with Stanbic and a savings account with substantial transactions
I applied for mastercard and they said they don’t give master card on naira accounts. All my other accounts namely Fcmb Wema and Uba gave me mastercard on naira account and the transaction on those accounts can’t be compared with the Stanbic bank.
Seriously this has to stop

The mastercard issue is true. They want to force their customers to either use Verve or Afrigo and because of that, it's been almost a year that my ATM expired and I have been without it.

I still manage with them because I can, but their services is already frustrating me all round. Thank God I didn't move my PFA there when someone one of their Pensions Arm Staff was aggressively marketing me. Now he has travelled out. I would have been left with my wahala.

hfc80:
Good day, Guys

Pls do anyone using stanbic mmf having issues in funding his/her acct cause I deposits money into my acct on 30/04/26 and my acct has not been credited till now.

Yes, I am having same issue here. I made payment to my dedicated account on Thursday 30/4/2026 but I have not been credited. I have mailed about it today but no response from them.

I am beginning to believe that they're overwhelmed and understaffed because I don't understand why even payment made to the unique/dedicated account before 12:00 pm is can not be credited.

Ezeanna:
Hello Everyone,

Please is there anything going on with First Asset Management?
I redeemed funds from my mutual funds account for one week now and I'm yet to receive this fund in my bank account. I have emailed and called several times and I keep getting the same emails from several members of their customer service staff that they are working on it and would revert. This is not normal and unacceptable.

Please what can I do to get a father resolution to this issue.
Please assist.

Since they got bought over by the new company, they have been misbehaving. Before when you paying money to their collection account, all you have to do is to input your MMF number on the remark/reason for payment column and you MMF account will be credited that day. Now, after payment you must send them an email if not the money will not reflect.

Maybe what you will do is to reply by copying the dedicated email of their staff responding to your messages informing them that you haven't received it after so so days after your complaint. That might force their hands to act..

Does anyone sell Doogee phones here? I am looking for a rugged phone called Doogee V Max Pro.

SmartPolician:
If you don't have someone in government, don't waste your time applying. Embassies and consulates are the toughest places that random people can get jobs. 99% of their workers are based on recommendations and referrals.

Stop discouraging job seekers. Apart from referral, all agencies, organisations and government have a way of vetting applicants and if your qualifications is about what they want, they would vet you accordingly and if you are found worthy you will be employed.

Wotowotoman:
Do you work for one man business? Cos even government no dey owe workers again

Government, especially FG delay some MDA's payment ooo. I believe it's not the FG as in the whole body but the agency handling it. The IPPIS and seems there's nobody insisting on them doing the right thing so they do as it pleases them.

cleverland:
Have you received it?

Yes, I've seen it now.

cleverland:
Has anyone received sukuk vi coupon? It was due on the 13th of April.

I am still waiting for it too. What I do these days is not about any government security coupon is add like 3 to 5 days to the maturing date in my mind because that's how it has been since this administration. People in position where they handle people's money treat them anyhow without consequences.

Even at work, we are owed salary beyond payment time then the same IPPIS staff through proxy loan companies will start cajoling with calls and messages to come get loan. I get between 5-10 messages close to month end to come and collect loan while my Truecaller App block out their spam calls.

Sunrisepebble:
Whisper of 875k
NFA/DYOR

This came out very accurate.

Thanks for sharing.

katily2:
I guess so because I can’t find the app I have on appstore

This is the old app. They have migrated to a new app called "First Edge" and have been advising customers to download that and set it up then delete this.

Just download that and follow this simple instructions below and all will be well again.

Abbasmh:
Wanted to withdraw some funds from my Stanbic MMF and this message popped up. What does that mean

It is self explanatory. A specific amount mentioned there came to your MMF from another Bank account that does not have your name. They are saying that before you can successfully withdraw, you should contact them through a particular channel there. That will probably to clarify things before you are allowed go complete the redemption/withdraw.

educatedfool:
That chicken na Ghanaian or [b]Ivoricostian [/b]

The word is Ivorian. The Chicken na Ghanaian going to check up on a friend in Cote d'Ivoire.

Franky826:
Good evening everyone.
Please does anyone here use fbn quest MMF?
I've been trying to login on my app and it's not working.
I can't even find the app on playstore anymore and their customer care email is returning my mails saying it doesn't exist.
Anyone here with a solution please I'd appreciate.
Cc emmasoft

The FBNQUEST is no longer accessible. The have migrated all customers to a new app called "First Edge". You can download it from play store or app store depending on your phone.

You can follow the directions on the attached image to set it up.


Please do not ignore emails sent to you from where you have money interest even if most times all they send is promotional items. They have been sending messages about this.

Apart from some power banks being fake, One of the major reasons why power banks seem to discharge easily is that most times people are charging phones while using same phone. In doing this, they use the power directly from the bank instead of allowing it to charge the phone first before using it.

You can reconfirm that by plugging your phone directly to electricy too. You will see that it will not charge as fast as it should because you are also using the power that is entering the phone.


So if you want to maximise the output of your power bank, avoid using the phone while charging with it. If possible, switch off your data to shut off other app that may be running at the background of your device and draining your battery.

AncestralPowers:
Good morning house, the treasury bill I purchased with Zenith bank in the secondary market matured yesterday, but my fund is yet to reflect in my account.

Could it be due to the holidays or network?


I thought the payments were automated, despite holidays..

Payment is made by the FG. Its not automated. it is the holiday that and laxity on the from the DMO and not network. You have to endure till at least Monday/Tuesday.

bassdow:
truBanc seem to even be selling CommercialPapers in Stanbic IBTC

Got this email from Stanbic

Offer Details

Issuer: Trustbanc Holdings Limited
Tenor:  Series 1 - 268 Days / Series 2 - 364 Days
Discount Rate: - Series 1 - 18.5687% / Series 2 - 19.0383%
Offer Opens: March 17, 2026
Offer Closes: March 21, 2026
Maturity Date: Series 1 December 17, 2026 / Series 2 March 23, 2027
Minimum Subscription: ₦500,000

Yes ooo. They are advising it. The minimum from the issuer is N5,000,000 it's them that want to collate retail investors funds to invest on their behalf.

For someone that has the N5,000,000 complete, it's better to invest it directly with via the direct agents or arrangers for the issuer. All bills and charges on commercial papers bar WHT is taken borne by the issuer. However, some sub agents sometimes look for avenue to reap you off. Like bluenest for example that will charge you N53,000 as management fee for the 5M.

Most times we don't read the terms and conditions on investment before accepting. When I opened Stanbic IBTC Asset Management account then, I think what was stated on the form I filled as number of days to expect funds after withdrawal was about 3-5 working days.

That said, consistently over time for me, they have been ok. On Monday 16/03/25 I made a withdraw request via the blue nest at about 7:15 AM. The money didn't drop instantly though but it came around 12:45 PM. Even after a message popped up when I submitted the request that it will take about 48 hours to it, I got it after about 5 hours 15 mins.

Meanwhile, United Capital where most times I had to start chatting them and mailing after request, where I always put extra efforts surprised me by sending the funds after 1 hour 30 mins of my request with no effort that same day.

For me, I understand that MMF account is different from a bank account right from the time I joined. However, I enjoy it too when I need money and it is released ontime. So what I do is that I ensured my security question and all what is required are accurately set up. Also, I do my withdrawal mostly first thing in the morning. I know that with Stanbic anything done after 12 or done on weekend and public holidays is likely to resort to a story and some back and forth. So to ensure a smooth sail, that's what I do.

Alaska90:
I hope this is not a sign of wahala in the house oh

As a company, if they are short on working capital or have plans for expansion and all. This is one of the (easier) ways they can raise funds. It's not your investment with them that they will use to do all those.

Stockhunter:
Even 1 percent difference will produce better outcome to that of the monthly compunding. Have you done the calculation. Not to even talk of 4 percent difference. The difference will be huge if you have huge capital. Your monthly compunding will not even see the back.

Meanwhile sometime ago emmasoft said even Stanbic only pays interest monthly but does not compound until quarterly. I stand to be corrected anyway.


Abeg no compare monthly 15 percent compounding with 19percent quarterly compounding. They are not mates. Even 16 percent quarterly compounding will beat 15 percent quarterly compounding by about .90 percent per annum.

The bolded is not correct. Stanbic does monthly compounding but if you require your interest to be paid to your account, it's done quarterly. At Ieast I use Stanbic and I know that at the end of everything month, my interest is added to my principal unlike FBN Quest and UCap that the addition is quarterly.

HesInMe:
Just wondering: Is that a good thing?

Ordinarily, conglomerates are punished with a discount to the fair value of the individual elements in the composite. A Jack of all trades, investors reckon, is typically a master of none.

Besides, if an investor wanted exposure to the various elements, s/he can just go to the market and buy some "pure plays": UCAP (stockbroking) + STANBIC (asset management) + NEM (insurance), UPDC REIT, etc.

Ucap and Stanbic are also conglomerates. United Capital as a financial and investment group consists of; the Assets Management and Wealth Management Arm, Microfinance Bank, Stock Broking Arm, Investment Banking Arm and the Trustee Arm.

While Stanbic IBTC Holdings as listed also consists of the Commercial Banking Arm, the stock trading Arm, the Pension Funds Administration Arm, the Trustee Arm, the Insurance and Assurance Arm and the Stock Broking Arm.

So both are not different from custodian.

kalu61:
I saw a commercial paper listed on Stambi IBTC app @18.7% pa
Daraju Industrial Ltd

What's your take with MMF rate drop from Stambic?

Yes, It is an ongoing issaunce for 364 days. Which is to start counting from March 5th.

The major disadvantage to it is that it is not secured. Which makes it more risky than TB and some secured or asset backed one.

The second is the 10% WHT deduction. Which will make that 18.7088 later be about 16.8379 but then all other instruments like it are deducting too.

Lastly your Inability to access your funds till it matures except you completely liquidate at FMDQ or whatever it is listed, if listed. So you should be sure you will leave it till maturity if interested so astl not to street yourself.


That said, personally I would have invested in it if I had the funds but right now I don't. Majority of my funds are invested in other CP's. It's part of the ways I take my own risks.

CP is one of the underlying assets of MMF's. Infact majority of these high rates we see from some of these other Asset Managers are from the CP's, PN's and call deposits and co. Though it requires some due deligence too. The track record of the issuer, the arranggers and agents marking them, perusing their financials to see the possibility of your funds coming out, their ratings and so on are all important. I have personally invested twice in Daraju CP's and was paid at maturity without issues.

Like TB's, CP's are short term deposit too. Difference is that TB is issued by government and CP's are issued by companies. Government have a higher capability of paying back. However, the SEC, and the arrangers and agents will want the financial markets to be safe for investment by others and their brands too worth believing so they are the first to scrutinize the issuers ability before marketing it to customers and allowing the listing, if the issuer meets the requirements.

MMF rates are set daily meaning if your are enjoying 20% now, it's not guaranteed for the week. Any rate locked in on CP remains minus deduction of 10% WHT.

Also, most time the yield is always more that the rates you see. The yield there is about 23% and what you see and calculate is what you get no no deductions of management fees, handling charges by anybody.

If you were to do just the minimum of 5M for the 364 collecting your interest upfront will be about N839,589 after WHT and N1,032,000 after WHT if your decided to roll over with the interest. Divide these 2 sum above and see, either 365 for daily rates, 12 for monthly rates and 4 for quarterly rates and see what you then you can also compared with your MMF. So for me it's worth it.

For me also, I do them directly with the arrangers and agent when I do, so I don't incurr any extra cost other thank transfer charge and stamp duty from my end and WHT from their end at maturity.

To each his own. I concur with the fact that Stanbic is fallen off from the standard it has set for itself. Not only in their asset management area but even banking. When I started using them, even the guys are their bank branches are able to discuss products of their other subsidiaries effectively and onboarding customers effortlessly. Now majority of those do not even know much about their bank products let alone other subsidiaries.

The customer service has been poor. They were running a complicated interest system that only them understand by refusing to separate daily accrued interest from capital like others before but at least then even though not separate, there was a column you will see your interest accrued for the he month. Then they went and created one blunest that you can't differentiate your interest from capital at a glance and call it improvement. That's giving room for manipulation.


That said, to be fair to them Stanbic IBTC bank had serious network issues. I tried making payments with my card in 3 different places at 3 different times and the transactions all failed. After about 3 days after, yesterday they sent this "Our card services and inbound and outbound transfers are now working with improved performance. You may still experience brief interruptions. We are on it and apologise for the inconvenience. For help: 0700 909 9099." Thank God I another card if not I would have been stranded.

I tend to stick with all these names that are big and most time self regulate themselves even before their regulators act especially because they have a big name to protect. I was using Cashcraft back then as my stock broker and some other people invested in their mutual funds then too. I thank God the money I had in my account balance with them then was just some sweets change before sec hammered them and they started ignoring withdrawal request. So some people preaching for Stanbic might just be on that ground and nothing more.


We should not be angry because people defend brands that have served them over the years and also do not discountenance other people's negative experience even if they are at variance with ours.

zamirikpo:
Hello guys....I know this must have been treated here b4 but going over 2000pages is a lot. Pls can someone be kind enough to advice me on terminating my investment before maturity.

I did 100m at 15.5% in june last year and it'll mature by june this yr. But I need the money for something urgent.

How much will I get.if I terminate it this February.

You are not going to a direct answer exactly the way you want it. Nobody can tell you the amount you are going to get except you contact the bank and they give you a particular rate they are ready to buy it.

Reasons are:
1. You subscribed at the rate of 15.5% which is fixed and the only one we know. In terminating, it's only the bank that knows the rate they are willing to offer you for the remaining 4 months as they may also want to auction at the secondary market for other interested bidders.

2.If you didn't request for them to invest the principal with interest and that interest have not yet been taxed, if you would have already collected the interest. Now, depending on the rate it is sold, 10 WHT is likely to be also be deducted.

3. Rates at the he secondary market where it could be resolved are not usually fixed. It fluctuates.Meaning it could be a certain rate this morning and changes to a higher or lower rate in the afternoon or tomorrow morning depending on market exigencies.

The bottom line of this is that you should contact the bank because it's only with them that you can get the right response.

Please for those using Cardinalstone and First Ally which of the MMF do you want think is better? My better is not necessarily higher rate. My better is ease of navigating the website and app, ease of redemption of proceed when required, easy of depositing funds and good customer service.

Abbaxxxzzz:
He had 12 senior players on injury,make he kill himself.d guy na good coach.na injury happen to am.

That's what I keep telling people. Thomas Frank is a good coach but won't be able to do any magic with the team as things stands Having about 8 of your starters on injury list is no joke. It will shake any team. I wonder how he was able to grind out that draw against Manchester City.