₦airaland Forum

edoairways:
Any financial benefits on first to comment?

Join me o let's go and ask Seun

I believe him! What about you?



Yeeh! First to comment at last. Meanwhile am now a Millionaire

What's the big deal self about being first to comment?

Menimen story funny o...I HV been laughing since.

Hmmm....well my own case is almost sha. Her name was Goodness. I have been monitoring her since I came to Enugu after my Secondary School 2009. We are friends actually. So one day, I told her 'I Love You'...This girl laughed hard, laughed and laughed. God, I nearly disappeared. I was so embarrassed that I ran away and refused to see her again.


Little did I know that what I said struck her. Of course, I am very Cute. We really became lovers. We spent a whole lot of time on phone talking. Mtn really was profitting from our head as at then.

We moved and I later lost my phone, so I lost her contact till today.

Nowadays, na the girls be the ones chasing me now not me chasing them. Inside life eeh!

KomonSense:
Sterling bank

That's weird...I think you should reconfirm to be sure of what you heard.

fordunit:
Why will anyone even invest their money in mutual funds? Mutual funds is better suited for those who have a large amount of money to invest. At 10%, some who invests 100m will get return of 10m annually. Which is not bad. But a Man who is investing 200,000 will get returns of a miserable 20,000 per annum.

If you don't know what to do with your money, message me let me give you a few tips.

I need those few tips bro...how do I reach you or perhaps can you drop those tips here pls

Thanks in advance

od501:
I don't know the current rate of TB though but i know it is also effected. But as for MF... Chai.. That one is heart breaking, it failed from 11% as of Nov last year to 6% during the virus. As I talk to u, that shit is at a depressing rate of 5%. No intangible investment is worth it anymore in Nigeria unless u go for long term investments like bonds, insurance packages, etc. But you ask yourself who is ready to put away such huge sum of money for that long?

So despite the disaster that is happening in TB and MF investments, they are still the best for micro investors which made up 65-80% of Nigerian investors.

You too much!

I understand 100% of what you said. We will keep on keeping on.

Thanks so much

Venerable612:
Hmmmm. That is tricky one.

I use Cowrywise, but I haven’t used their Mutual Funds product before.

In my experience, Cowrywise offered about 10% over my savings for 3 months - but it wasn’t so much about the interest for me - it was more about being able to lock my money so that I cant touch it, even if I really needed it. Principally, I would get my money back even if the interest was negligible. That was the catch for me.


So - in my opinion, you can use Cowrywise platform to invest on Afriinvest - if you can trust Cowrywise as a secure platform. I have not heard of any regret case from anyone - but I don’t know a lot of people who have used it either.

I guess it’s a risk you may have to take - but I will advise you start with an amount you can give away, not all your savings. But please consider the percentage on your return first. If they offer a great percentage - I think it’s worth a try.

OK...thanks so much...I really appreciate. I think afrinvest is nice cos they are the people that opened my CSCS account

od501:
Don't mind that dude. FD is nothing to write home about currently, it even crashed before the virus, courtesy of government policy. No intangible investment is worth it anymore in Nigeria unless u go long terms.

Am actually at the banks he mentioned to confirm his claims. You are right, FD is nothing to write home about for now.

I think people who are interested on investing their money like I do should go mutual fund and treasury bills

bizhop01:
That is the reason mutual fund became hotcake, You can have fixed deposit with Access bank, UBA, FCMB, they had attractive interest rates.

Are you sure about this, from my findings, they said fixed deposit have crashed and that you can gain more through savings (not touching your money) than in fixed deposit.

Now at what percent did they say is their interest rate?

KomonSense:
Outrageous... I was even thinking of investing about a million naira. I saw 5% somewhere on nairametrics website yesterday...

But my bank was encouraging me to come and buy last week Wednesday. Maybe they're not sure

TB seems to be the safest place to invest money in this unstable covid 19-infested economy

You can invest as low as 100k upwards in Treasury Bills through your broker and I hope you have a CSCS account.

Meanwhile, which bank is that that told you that?

Venerable612:
Hi all,

There is no shame in not understanding. Let me help you guys understand.

Think of mutual funds as the three of you bringing your money together - and giving it to someone like Charles Soludo (Because the assumption is that Charles Soludo knows how to invest very well and Can make you guys a lot of money).

Charles Soludo, in this scenario, will be called the Fund Manager.

The funds that the three of you have contributed is called the Mutual Fund and Charles Soludo must make sure That he invests (In different Portfolios) according to the terms as agreed by all of you (investors) and this will depend on whether you want to invest in Shares, Government Bonds, Foreign dollar investment funds etc.

This is usually how rich people like Dangote, Otedola invest their money outside of doing business. But the average poor man in the street lacks all these financial information.

Now you know - the next tome you make your next 1 million - you may think about keeping your money with Mutual Funds and getting a return at the end of the year!

Please bro I need a confirmation, is Cowrywise and Afrinvest genuine brokers to invest your money on for mutual fund and treasury bills?

Davash222:
Stop using Glo

Though you are right but it is the best so far in my area. MTN is the worst here

Abbeyme:
Check upstairs, you have a neighbour with fast fingers

Na so I see am o before I finished posting. Is well

Joefat:
No. U are not..

Back to the matter..

All I just care about is to leave this country..

Because I don't believe a nation bearing Nigeria still exist..

Please wait for me let's leave together

Am I really first to comment?

Nigeria should forgive them because they know not what they are doing.

Let's hear what others has to say below

Ghanaians posing as Nigerians will not like this

By their posting, you will know them. They hate everything good about Nigeria. But we have no choice than to keep shaming them.

Nice University

You see, this is the difference between Nigeria and Ghana. Nigeria can allow good news from that country but you can never hear any good news come from their website concerning Nigeria.

That country is really sitting on gun powder because of propaganda. That's the reality on ground.

You might not understand what he is saying when he said 'They hate us with passion' until you as an Igbo travel to the north, then you will understand.

The Hausa/Fulani have vowed that an Igbo man can never rule Nigeria. So, what are we still doing together? Our culture and theirs are two different opposite directions.

You hate us and don't want us to rule and yet you don't want us to go and be independent. What kind of forced life is that?. Live and let others live. We are all born to rule. Nobody is meant to serve only.

RuudVanNisteroy:
I am Nigerian, but have to acknowledge South Africa is the most developed country on the continent.

You don't know where you're from.

RuudVanNisteroy:
The average South African city is what Eko Atlantic is aspiring to be.


https://www.youtube.com/watch?v=UvnHTLXAhJU

You think I have time to click on that 'beautiful nonsense'.

I have told you what I told you. Take it or you leave it. Tell your women to leave Nigerian Yam alone and our men too

RuudVanNisteroy:
Eko Atlantic is the average village in South Africa. You have no idea how developed South Africa is.

Keep quit my friend!.... See ur mouth...average village

Go and tell that to Jerusalema video by Master KG. From that video, I can see how your country is developed.
Over hyped xenophobic country. Am sorry, I can't agree less.

Meanwhile, tell South African women to stop chasing Nigerian men. One girl like that, that's from SA always asking me I should give her Yam..Shuu..I resemble a farmer for her eye.

All these Zulu and Mpumalanga girls self

Even if you ask Botswana and Namibia whether they are better than Nigeria, they will answer NO in unison


So what's all the noise about? Genoa have not even posted any pics from Eko Atlantic. Just few from Abj and few from Lagos. Nothing from Akwa ibom, Calabar, Enugu, Kano and Port Harcourt, even Kaduna.

Nigeria too much Jareh, forget our leaders inadequacies.

Coupled with this, we are good to go

They tried abeg...check the interiors. Amaechi tried too..Even me posting i tried o

For those of you bashing Zimbabwean's. Is here guy's. They are more informed than Nigerian's, what a pity.

Check it out. Proud to be a Nigerian today. God Bless President Buhari's Administration

Wow! Thank God for him...To God be all the glory who blessed his hustle...many are not privileged to experience that kind of blessings.

ChelseaDr:
Umahi is one of the best things that is happening to Ebonyi state at the moment, he matches his words with action.

Dr Sam Ominyi Egwu invested on human resource development, during his tenure EBSUTH was among the highest paying institutions in the country until his successor came and rubbished everything.

Walter Feghabo designed the outline of the capital city and will be remembered for that, he was a nice man, then.

Martin Nwanchor Elechi was the worst thing to have happened to Ebonyi state, he destroyed all his predecessor established and failed to put anything on ground to be remembered for, he was a mistake of a governor.

Ride on Umahi

Bia, leave my brother Elechi alone o...As far as he brought Federal University to my village, he did excellently well than Egwu and Umahi combined. Shift joor.

My guy Covid 19 travelled to other countries as a Disease but came into Nigeria a full time Business Man

Come do business pass Igbo people self

Which kind author of confusion thread is this.

Well...I refuse to be confused

samilly:
Enough of all these critisms

Honestly, it doesn't make any sense. That state is really fast developing.

Am a proud Ebonyian and to God be the Glory, am not poor

I have come to notice a huge propaganda ongoing since this week just to ridicule the fastest growing state in the southsouth and southeast which is Ebonyi state and this is unacceptable. People indulging on such should desist from it and ask God to cure the spirit of jealousy from their lives.

Yes! Because it is only jealousy that can make one on seeing the progress of another decides to rubbish that progress by typing balderdash just because you have access to a keypad

Ebonyi happens to be the only state in the east that supplies chippings to the whole of southeast.

Ebonyi salt happens to be the best of all salts due to its iodine content

Ebonyi happens to be the only state in the southeast that used concrete cement to construct rural and urban roads all over the state.

Ebonyi has the best and highest modernized flyovers in the whole of southeast. A visit will convince you.

Ebonyi state has the best place to trade in the southeast. Of course you have seen the international market built with sophisticated equipments.

Ebonyi state is blessed with a Federal university, a state university, a college of education, college of nursing, college of agriculture and recently the federal government wants to establish a federal college of education in the state.

On Cement, Ebonyi has the best limestone for cement production. Also highest in rice production.

One can only look and conclude that it is only jealousy that is killing the people that are out to tarnish the image of this beloved state.

No matter what, Ebonyi state and Ebonyians will continue to rise and rise.

God bless Ebonyians.
God bless Ebonyi state.

I HV been laughing hard for this particular topic