₦airaland Forum

Take it, it's a good rate given the current ongoing market condition.

Nakedman:
Got 19.09% from Stanbic today. 365days. Sighs

Nakedman:
Got 19.09% from Stanbic today. 365days. Sighs

There's no 365 days.

I guess it's for the next primary.auction as the highest you'll have on secondary market is 363

In all, 19% and above is a fair deal.

I got 18% for 363 days at first bank.

USA2019:
Take it, it's a good rate given the current ongoing market condition.

Done deal.

Hi guys, I invested in the money market yesterday, and there's no updates on the platform yet, only shows my initial capital. does the accrued interest also apply on weekends or just working days?

jeffdaniel:
Hi guys, I invested in the money market yesterday, and there's no updates on the platform yet, only shows my initial capital. does the accrued interest also apply on weekends or just working days?

If the deposit was made before noon, don't worry the accrued interests from yesterday to 31st March will be paid to your bank account or reinvested depending on your choice during registration.

Note that any balance in your MMF account earns interest everyday including weekends and public holidays.

emmasoft:
If the deposit was made before noon, don't worry the accrued interests from yesterday to 31st March will be paid to your bank account or reinvested depending on your choice during registration.

Note that any balance in your MMF account earns interest everyday including weekends and public holidays.

Good! Thanks.

Why does fintech give more interest than traditional bank

Fintech interest are always high but I am scare of investing with them

How safe is fintech in term of treasury bill

There you have your answer. The rule is: The higher the risk, the higher the return. Your capital may be at risk with the fintechs, so they need to attract you with higher rates. By the way, that won't be on treasury bills but on their on in-house managed funds (mutual fund, cash deposits, etc.)--they cannot offer TBills rates above the CBN primary market offerings.

Jeoma2024:
Why does fintech give more interest than traditional bank

Fintech interest are always high but I am scare of investing with them

How safe is fintech in term of treasury bill

I have also noticed the high interest rate by these fintech apps. I invested with Piggyvest,but noticed they're not regulated by sec as they claim. I checked the SEC website and couldnt find them https://sec.gov.ng/cmos/

eroworld:
I have also noticed the high interest rate by these fintech apps. I invested with Piggyvest,but noticed they're not regulated by sec as they claim. I checked the SEC website and couldnt find them https://sec.gov.ng/cmos/

Here is their response when I asked them about it a few days ago.

The funds in your PiggyVest account are warehoused and managed by PV Capital Limited - RC No. 1760152 (“PV Capital”).

PV Capital is a duly registered Fund/Portfolio Manager with the Securities and Exchange Commission of Nigeria (SEC) and all its operations are in compliance with applicable regulations.

USA2019:
There you have you answer. The rule is: The higher the risk, the higher the return. Your capital may be at risk with the fintechs, so they need to attract you with higher rates. By the way, that won't be on treasury bills but on their on in-house managed funds (mutual fund, cash deposits, etc.)--They cannot offer TBills rates above the CBN primary market offerings.

thank you very much

Jeoma2024:
Why does fintech give more interest than traditional bank

Fintech interest are always high but I am scare of investing with them

How safe is fintech in term of treasury bill

Fintechs carries more risks than the traditional commercial banks. Fintechs are under microfinance banks. So their interest have to be high to attract investors because of the risk involved.


That said, they have all it takes to fulfill their obligations if they so desire because unlike the conventional commercial or microfinance bank, Fintechs can work effectively with limited staff strength thereby saving huge from personnel and management cost.

Most of them also have loan outlet/section that give out quick loans with higher interest than even the conventional banks. Some of them charge as high as 7-10 % on monthly loans. Person go just collect like 50k early in the month to pay back 55k by month end. That's 10% right there and it might not even be upto a month. If you annualised it, you will have like 120%.

They have lots of customers that they cater for online but do not have lots branch building being paid for. That's another angle they save money.

So they should be a to take care of that loan without issues.

Good evening guys, please when is the next primary tbills auction?

Nice finding. Just checked,PV capital is licenced by SEC

Hero2t:
Here is their response when I asked them about it a few days ago.

freeman67:
Fintechs carries more risks than the traditional commercial banks. Fintechs are under microfinance banks. So their interest have to be high to attract investors because of the risk involved.


That said, they have all it takes to fulfill their obligations if they so desire because unlike the conventional commercial or microfinance bank, Fintechs can work effectively with limited staff strength thereby saving huge from personnel and management cost.

Most of them also have loan outlet/section that give out quick loans with higher interest than even the conventional banks. Some of them charge as high as 7-10 % on monthly loans. Person go just collect like 50k early in the month to pay back 55k by month end. That's 10% right there and it might not even be upto a month. If you annualised it, you will have like 120%.

They have lots of customers that they cater for online but do not have lots branch building being paid for. That's another angle they save money.

So they should be a to take care of that loan without issues.

Thanks for this wonderful explanation

Good evening all, when is the next Treasury bills auction please.

Don't be feeble minded.. all these ur traditional banks are shitty.. go with fintechs n invest with them.

Educationalserv:
it not Theory is real life bitter Experience .
I say Land I mean Govt layout developing or develop like Yaba ,Surulere ,gabgada ,Lekki Guzape Jabi Gwarimpha where in the Street na only 1 undeveloped land Remain
Not farm Land ,

You can't even see land on these places you quoted for ₦100M. Though I get the point you're making

Franky826:
You can't even see land on these places you quoted for ₦100M. Though I get the point you're making

it was less than 100m some year ago when we where Mumusi piling up Money inside Treasury bill .
Apartments in Game village Surulere was 7m naira in 2012 Now 55m .

Good day, house. I need your honest opinion.

Who here has used FairMoney to invest?

Is it advisable?

Thanks.

Educationalserv:
it not Theory is real life bitter Experience .
I say Land I mean Govt layout developing or develop like Yaba ,Surulere ,gabgada ,Lekki Guzape Jabi Gwarimpha where in the Street na only 1 undeveloped land Remain
Not farm Land ,

It all boils down to return on capital employed (Rice) and return on capital invested (roic).
Factoring Nigeria devaluation and inflation, a 40% and above return on investment per year will always best inflation and devaluation.
A 50m investment in mmf at 20% per year will give 10m,
30m in stocks at 30-40% per year will give 9-12m,
A 20m investment in personal biz using my farm as a case study with 100% return gives 20m profit.
Total invested capital for the year is 100m to return 40m.
Profit percentage for the year is 40m/100m x 100% = 40%.
You will be safe if your return is in this band .

Maya30:
Good day, house. I need your honest opinion.

Who here has used FairMoney to invest?

Is it advisable?

Thanks.

I run monthly investment with them, I'm actually looking at running the 6months investment plan after my current investment expires in few days time....

eben123:
I run monthly investment with them, I'm actually looking at running the 6months investment plan after my current investment expires in few days time....

Can you share your experience?

Also, What is the interest rate like?

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Good evening,
GTBank told me 18.5% for 363 days tenor.
I invested 2M.
But with this deduction, i think it is less than 18.5%

temi4fash:
Can you share your experience?

Also, What is the interest rate like?

So far,no single issue encountered,all smooth! I get my interest upfront!

30days interest is 19.5%
6months is my 25%
1year is 26%
2years is 28%

For now,they got the highest interest rate so far.

Are there any proven high-yield dollar investment schemes in Nigeria, and what are their performance metrics?

When is next auction for tb please

Jeoma2024:
When is next auction for tb please

It's usually sold every two weeks except in few instances where CBN chooses otherwise.

Watch out for this dates April 2, 2025 , April 16, 2025 , April 30, 2025.

Except you intends investing ₦50-million and above which qualifies you buying directly from CBN auctions (through banks) at higher rates, You could just buy from banks or brokers; which is often sold every Tuesday and Thursdays.

Tomorrow is Primary market auction.

Odunharry:
Tomorrow is Primary market auction.

Can I still go and bid tomorrow morning or it’s late ?

blkmum700:
Can I still go and bid tomorrow morning or it’s late ?

Reach out to your account officer if you have his or her contact