₦airaland Forum

egojeny1:
Go online and read about Mutual funds especially Money Market Fund or visit any Stanbic IBTC branch for enquiries.
It involves opening and funding an account and thereafter receiving interest(20% plus) on daily basis.
There are other investment houses that are into it too;
First Bank
Norrenberger
AIICO Insurance, etc but mine is with Stanbic IBTC

Ma, you just said interest of (20% plus) on a daily basis. Is interest paid daily or monthly?

Onyiridike:
20% is not permanent. It is determined by economic indicators especially CBN MPR.

It can be done easily online
https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb
OR manually in any of their branches.
The bank does not bear risk for wrong investment or economic downturn. However, over the years they have strong reputation for managing investment and pensions. They are the best.

thanks, I"ll visit a branch on Monday.

olatuneji:
Ma, you just said interest of (20% plus) on a daily basis. Is interest paid daily or monthly?

Interest of 20%+ yearly but a fraction of it on daily basis

egojeny1:
Interest of 20%+ yearly but a fraction of it on daily basis

Alright thanks for the clarity.

Onyiridike:
If you don't have a skill in any business, invest the money in money market fund. Go for Stanbic IBTC or FBNQUEST. The return is about 20% per annum. Therefore, you stand to make ₦200,000 annually or ₦16,600 monthly.
This is better than risking your money in the hand of of today's get-rich-quick youths. They will run your money aground. Please, avoid the story that touches.

And you'll see them sitting in beer parlor, or begging beside aboki shop here in Lagos for change to go and smoke cigarettes; while people are looking for trust worthy employees everywhere.

So unfortunate.

I've decided that the best business to run in Naija is to Japa, so I'm saving my money in dollars till I'm financially able enough to leave.

Let Nigerians take care of themselves.

millionboi2:
what if na salary?

Invest in knowledge of any new business before dipping your feet If you're a salary earner.

The majority don't

Here's how to invest in yourself.

Buy lots of books about any topic you want to start...book I can see people sth smh lol

Read biography of successful people success is relative whatever lift your boat.

Don't start any business in Nigeria that requires you to buy fuel or diesel.

Or requires more than 2 person to run fully the entitled Nigerians will want you pay min wage.

The best business anyone can start now and do for a lifetime is learn how to write

It'll pay you even after you pass on.

Gary Harbert will still continue to collect checks till only God knows when.

To start is easy learn on YouTube
Find any book written by

Dan Kennedy
Gray halbert boron letter
The secrets of selling anything by harry browne
Expert secrets Russell bruson

Get juju and protection from lynching?

doncartel:
Buy a dane gun, door breaker, mask, rope, and running canvas. Highway armed robbery is the new trend in the Tpain economy.

But seriously, one million no much like before. Sha dey reason Pos or agricultural types of businesses.

You order the garri from the north?

MONEY247:
No keep it in a place where air do come in...
I did the garri business for more than 10 years years.....

Just have ready down buyers..... garri must go up every January.....it's a must....
Make contact with people in villages and if you are ready they supply to you at reduced price comparison to the urban market...

I am not a rich man yet.....
But the easiest way to become a millionaire in Nigeria is buying food from the north and selling in the south

Pls whats the difference between mutual fund and treasury account together with government bonds?
What about shares?

A305:
stop the fearmongering sir.

The risk to mutual fund is extremely low that no default has never happened since when it began. It's for low risk appetite investors. You saying mutual fund is risky is more like saying government Treasury bond or bill is risky.

The only risk to to mutual fund is the same risk Treasury bill posseses and that is if the Federal government stops servicing it's local debt which is not possible because every government worker has to collect their salary so government must pay. In a nutshell: Mutual fund or Treasury bill will only fail when a government goes broke due to Zimbabwe type inflation or the county ceases to exist due to war.

Lol!
See how e esay for your mouth.
Nobe only 400k na 1millon monthly!

Louis8796:
Message me on Whatsapp (09167148671),I we teach you poultry farming,I make more than 400k naira monthly.

What is the lowest amount one can start with and what are the number of returns?

egojeny1:
Go online and read about Mutual funds especially Money Market Fund or visit any Stanbic IBTC branch for enquiries.
It involves opening and funding an account and thereafter receiving interest(20% plus) on daily basis.
There are other investment houses that are into it too;
First Bank
Norrenberger
AIICO Insurance, etc but mine is with Stanbic IBTC

Is mutual fund the same thing with treasury account and government bonds?

egojeny1:
For money market fund, it rarely happens. It is extremely low risk

Okay. I noticed something in this your post.
Is like your investment in the mutual fund, rises and decreases like forex, am i correct?

Onyiridike:
It is not possible. You can't lose your principal. It rarely happens to even high risk equity fund. The fund managers are professionals and highly qualified. Their only job is to ensure that customers money (wealth) is preserved and appreciated.
In 2023, I risked 1m in Nigerian equity fund just to test the waters. In the first week the money became ₦998,000. I became apprehensive. Next week, it appreciated by ₦40,000 and within 6 months I made ₦213,000. If I had left the money till today, I would have made ₦450,000.
Last year STANBIC celebrated ₦1 trillion investment in the mutual funds.

How can one make money with writing?

online4business:
Invest in knowledge of any new business before dipping your feet If you're a salary earner.

The majority don't

Here's how to invest in yourself.

Buy lots of books about any topic you want to start...book I can see people sth smh lol

Read biography of successful people success is relative whatever lift your boat.

Don't start any business in Nigeria that requires you to buy fuel or diesel.

Or requires more than 2 person to run fully the entitled Nigerians will want you pay min wage.

The best business anyone can start now and do for a lifetime is learn how to write

It'll pay you even after you pass on.

Gary Harbert will still continue to collect checks till only God knows when.

To start is easy learn on YouTube
Find any book written by

Dan Kennedy
Gray halbert boron letter
The secrets of selling anything by harry browne
Expert secrets Russell bruson

Love800:
Pls whats the difference between mutual fund and treasury account together with government bonds?
What about shares?

Treasury bond is you borrowing money to government for Long term, Treasury bills is you borrowing government for short term, Mutual fund is you polling the money with other investors to buy government Treasury bills.

Sorry for my late reply.
Thanks so much.

BigDawsNet:
Yea very lucrative... but must be sold in the main road and probably area with youths...

I think the cheapest sharwama is sold around 1.5k and u can sell around 50 a day

Love800:
Sorry for my late reply.
Thanks so much.

It's fine

You are welcome

olatuneji:
Alright thanks for the clarity.

Welcome

Love800:
You order the garri from the north?

No nah🤣🤣🤣

From ondo and oyo...

Love800:
What is the lowest amount one can start with and what are the number of returns?

For Stanbic it's 5000. Current rate is 20.64%. However, rate changes on daily basis but it's been 20%+ for the past 4 months

Love800:
Is mutual fund the same thing with treasury account and government bonds?

No. They're quite different

DADYLEED:
Na deep thinker you be,na wetin d sustain me and my family since tinubu came be dat...

How much do you make daily

Is like you are mard, you need to be minding your business,if you don't have what to say ( read and pass)

Love800:
Lol!
See how e esay for your mouth.
Nobe only 400k na 1millon monthly!

Okay. That means mutual fund is still the same thing with buying shares?

A305:
Treasury bond is you borrowing money to government for Long term, Treasury bills is you borrowing government for short term, Mutual fund is you polling the money with other investors to buy government Treasury bills.

Okay. So which ones do you order from north pls?

MONEY247:
No nah🤣🤣🤣

From ondo and oyo...

So if i put 10k, what will the profit be monthly and annually?

egojeny1:
For Stanbic it's 5000. Current rate is 20.64%. However, rate changes on daily basis but it's been 20%+ for the past 4 months

Can you explain dem pls.

What about buying shares, whats the meaning

egojeny1:
No. They're quite different

Love800:
Okay. So which ones do you order from north pls?

Beans....
Rice...
But especially beans.....

Love800:
What do you mean by food business?

at this time,the most productive business in Nigeria is food as the hunger is on the rise.
People spend more now on food than investment.

Take the advantage.

My last question.
How do you sell. Do you have a shop/stall?

MONEY247:
Beans....
Rice...
But especially beans.....

What kind of food business. Is it selling raw foodstuff or selling cooked meals?

frankblinkz:
at this time,the most productive business in Nigeria is food as the hunger is on the rise.
People spend more now on food than investment.

Take the advantage.

Love800:
My last question.
How do you sell. Do you have a shop/stall?

You can liias with a retail store and become their supplier even an wholesale store......
They pay upfront maybe half of the amount or as you agree on ...
Or you can go to big market and sell a niche in a specific product, they know you for what you sell.... maybe one or two things.....