₦airaland Forum

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Could someone please clarify the redemption limits associated with the Stanbic IBTC Blunest app? Does this restriction cap withdrawals at a maximum of 5 million at once?

It seems https://sec.gov.ng/cmos/ is broken. Can someone please confirm?

Preator:
Hi Bro,
Did you notice sept 30 skipped on your HYI? Noticed the date was skipped in my account.

Mailed them but no feedback yet

Indeed, that is correct. I have not utilized the application recently. I will bring this to their attention as well. If no action is taken, I'll be checking out. Thank you for the observation.

Preator:
Good morning boss, what does bloom offers? Are they still mmf or managed equity investments? Whats the gap in return like compared to the mulberry plan?
Also can i move funds in the mulberry plan to the high yield plan after the 30days holding period?
Want to be sure its something worth exploring.

Many thanks.

Good evening, boss.
1. Bloom offers higher return.
2. Yes, MMF.
3. Bloom return is currently less than 1% compared to the regular.
4. You can move funds to the high yield plan.

alezzy13:
Na wa o. Serious demarketing! No be small thing 😮😁

I'm surprised with all these comments about ARM. I've used them for some years now and they've been very okay. The app is excellent especially for TB purchases. In fact their CS is such that they call at intervals asking how your experience is, and if you have any challenge. Surprising they are treating a potential customer like you this way.

Btw I have some other MF accounts: Stanbic, UCap, GT and I/one, with each having their pros and cons, but in terms of overall experience would easily rate ARM the best.

Well as for the GT which you asked, they are actually ok - the issue I have is that their website is still in its formative stage. It was only recently that you could top up via the site. Customer service is ok.

The assertion is not a demarketing strategy, but rather a straightforward observation. Without ARM's actions, the current discussion would be nonexistent. Conversely, the approach taken by you seems to be marketing-oriented. While we presented a specific concern supported by evidence, it was disregarded by you in favor of positive affirmations. These affirmations do not negate the validity of our concerns. We appreciate your time.

FRANKLYex:
I still do not get that bold part

That's because it's gibberish.

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.

Thanks again for taking the time to investigate the matter further. I hope they do the right thing in the end. Normally, any deduction should be done at the time of maturity so everyone can be on the same page. They are shady.

0ubenji:
their own guys did not even know about it until I told them.
https://dailyyieldapi.norrenberger.com/money-market
It's mostly a blank page but with a slider at the top.

The rates for the previous day is usually updated at about any time past midday and from my tracking progress, only the MMF rates is updated. The others you see there stays the same daily.

Thank you.

0ubenji:
Perhaps you intended to attach something that failed?

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.

0ubenji:
sorry to bother you a second time on this. I actually cannot find that product in their app. I've particularly taken time to comb through for this to no avail. Their only product with YTD returns over 22% is "cowrywise investment portfolio"
I've tried to reach their customer care to guide me on this but no recieve response.

1. You can chat with them on the app.
2. You can contact your relationship manager.
3. You can call 0700 02697 99473.
4. You can send an email to support@cowrywise.com.
I use the chat option most times.

0ubenji:
sorry to bother you a second time on this. I actually cannot find that product in their app. I've particularly taken time to comb through for this to no avail. Their only product with YTD returns over 22% is "cowrywise investment portfolio"
I've tried to reach their customer care to guide me on this but no recieve response.

High yield investment is only available for premium customers under bloom. In other words, your funds must exceed 10 million and kept for 30 days to qualify to be a bloom premium customer.

0ubenji:
I'll confirm from them tomorrow. Those ARM guys are apparently posting gross interest rates daily in their app.

Norrenberger actually has very minute variation from the interest you earn as against the interest rate they post for the given day. However, not always. Their interest rate is almost always as claimed.

Where do you find Norrenberger's rates?

0ubenji:
have you queried them about this directly? If yes, what was their response?

Yes.
Their response: " "

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%

Exactly. Funds managers should be anything but shady. Exiting ASAP.

0ubenji:
What's the name of that investment product on Cowrywise?

High yield investment.

Jerry59:
How seamless is the on-boarding process ?

Can an account be created by oneself online?

A certain fund manager is stressing me with calculations and i need to have an alternative so i don't have all my eggs in one basket

1. Quite seamless.
2. Absolutely.
3. No endorsement.

Oladele2393:
CAN you withdraw investment anytime?

Yes.

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.

Neurotika:
Which fund is this pls

Cowrywise.

emmasoft:
Understanding MMF Rates and operations

Investors should understand

1. Rates displayed can either be net or gross find out from your fund manager

2. The calculation of your interest is not done flat in the normal simple interest because the rate fluctuates daily.

3. The rate displayed may not be up to date if the website content is not updated, so you may be using a wrong rate if you decide to calculate. If you see 20% for say 4 days it may be that that rate was for just one day, the remaining days had different rate that was perhaps lower or higher.

4. MMF is not exactly as keeping money in a MDB, any money invested is always invested in an underlying asset depending on the type of mutual fund.

5. It's true you earn interest daily but it may not be posted daily. Sometimes it will involved a case of posting 2 or more days areers.

6. If you wish to get indept on how your interest is arrived at you will need to get in touch with a knowledgeable RM. Speaking with a customer service officer may yield little or no result.

7. Be assured, no fund manager is cheating you. They all go through SEC scrutiny every now and then in all aspect of operation even to the app or web portal operations. SEC has professionals in various investment windows and ICT that carry out audit on these firms. Regulations are thorough from the almighty SEC.

Sometimes you will need to bother less on some of these little things to have your peace and trust the system otherwise a low risk investment that suppose to make you have rest of mind will turn to an investment with high risk that always put your mind up there and bring a lot of worries and concerns.

However, as an investor you have right to challenge anything and you deserve an explanation of whatever you don't understand within the laws guiding fund management and investment generally.

The above is just my take.

These are all probabilities. I need real answers.
Let me show you what transparency and accuracy look like:

brosiye99:
Ok. Just use 45M at 22% per annum which comes to about 9.9M or just approximate to 10M yearly interest returns. So divide 10M by 12 months and You will have about 833K per month.

So in about 3 days out of about 24 working days, i didn't count the 17th because the effective date is 18th June

if You get 75K then average of 25K per day which less than its supposed to be. I just realised it when i crunched the figures.

25K times 24 days is about 600K which is less than about 800K average interest returns monthly at 22%

I guess because rates change daily.

The rate has been more than 22% in the last 4 days. I contacted ARM but they didn't respond. Is this how they have been shortchanging investors? Is anyone else noticing this?

brosiye99:
This is interest for barely 4 days so i think it is in order.

May I know how you came to that conclusion?
Do a real calculation with the provided information.
((45,099,857.22 x .22)/365)*3 = 81,550.43.
That's me being conservative.

Hello,
Can someone please explain why this ARM Mutual Funds investment that started on the 17th of June, 2025, have this kind of interest at approximately 22% PA?

Akerewe:
Rate is what U buy, yield is what U get

If that's the case, I'm buying 18.21% of what?

Can someone please explain to me in clear terms what the difference is between yield and rate in the attachment?

Avoid shipping Laptops, phones and other gadgets through Aramex Shop and Ship. They will frustrate you with customs/DSS problems. Heroshe charges $8 per lb and that includes customs fees. However, Heroshe is slow.

Avoid shipping Laptops, phones and other gadgets through Aramex Shop and Ship. They will frustrate you with customs/DSS problems. Heroshe charges $8 per lb and that includes customs fees. However, Heroshe is slow.

Used Schneider Conext Inverter/Charger SW4024 230V (4000W) available. What is your offer?

Drgreatone:
Desperately need a 2.5-3.5/24v and a 5-5.5kva48v hybrid inverter preferably household names. Market's bin crazy last 48hrs. Thanks

EduTechTainMent:
Original or fakes pls?

.

Isn't it the same situation with the battery type you recommend to people?
This is a problem of dishonesty in the market, not the battery type.

bassdow:
I still believe this is the best approach. because who knows, dayTime load fit dey prevent the batteries from fully charging, but him talk say him don chheck those ones.

Also, that brand no be original Ooo. I never use anything from them, but I know say no be original brand.

na things such as this, dey dicourage people. I recall sharing an instance hhere where I met a man who wasn't interested in spending a dime again to revive his solar setup. The man pocket deep wella yet was reluctant. Na things such as this.

Hopefully it's sorted out. reason why I no dey suggest lithium batteries to people, no be say I no like Lithium technology, but you need really rely on whatever the dealer (since you rarely can get in touch with manufacturer) tells or gives you.

I prefer to buy maximum of 4-cells a time annd use for ttesting. that way, if e disappoint me, I go know to avoid you, except you confess to me say that batch really bad and you don get aother better batch and you're willing to give me good discount. But to count money, go buy box or bunch of cells, I jump and pass

There are areas with permanent interruption in clear blue sky. If you scan the sky with the app, you get no obstruction. However, if you install starlink, you will get obstructions.
My second starlink is installed at the highest point also, but I get obstructions and it becomes worse towards the afternoon from ~2:30pm.

HIbreed:
Hello house, I will like to voice out some disconcerting challenge and hopefully get a fix for it here. As it is, Starlink has been a gamechanger to the cyberspace world and has offered people in rural region broadband internet access. However, I have had mixed reception about it.

The 150Mbps promised by Starlink prior to ordering it was true at best, and I had even gotten up to 270Mbps at times with impressive low latency, all that obtained at fair price. But there is one recurring problem I have experienced which threatened to incite in me a lukewarm views about the service.

Starlink has consistently given me a shocking varying speed as far apart as 170Mbps to 530Kbps in just 30 seconds interval most times. I have resorted to the internet for more broadened knowledge and found out that I wasn't alone in the clutter.

Now, as I gingerly sought for a solution to the brand new problem, I discovered a warning message from the Starlink app that my Starlink is partially obstructed, and that interruption should be expected every 4 minutes.

Before anyone ponders and hint at possible obstruction of my dish, I think I should reveal that my dish was installed at the topmost area of my roof, and there were no tall buildings or towers nearby.


Is this normal? Am I reacting too much? What could be the cause of these outages? Is anyone having similar issue, and what can I do to get this off of me.