₦airaland Forum

Beeron:
The issue of brand is deeply rooted in the structure of communication and vested interest of some people here on Nairaland.

Due to referral code benefits, they shove a particular brand down your throat here making the brand look all shiny and glossy.

This makes the beginner investors coming here for information thinks Stanbic is the best and will always be the best. It creates a bias and cognitive dissonance to other brands

It will only take time for you to have a second thought like "wait, how come I hear only Stanbic more often here than other MMF managers."

Stanbic low rates is beginning to challenge their previous knowledge, that's why most of them suddenly realize, "oh wait, there are others too offering good returns — I will move 50% out of Stanbic."

well said. I moved all my funds to Cowrywise where I do my trade now LOL.

chimex38:
Let's say someone with 50M at 15% earns 7.5m yearly. Enough for his/her yearly expenses with leftover. Plus other values, customer service, ease of location, etc.
Would he/she be willing to move to one with 17-19% so easily? to start afresh?

In Mmf the differences in rates aren't much. ±3% maximum
(baring 1 or 2 outliers)
so isn't enticing enough for such class of people.


Compared to someone with 2M looking to use Mmf to build wealth. From 15%, The extra thousands on top of 17% is essential to him cuz of compounding effect.
Finance is the goal, other logistics or services is secondary.

Oga mi, na people in that class dey move pass o. At that value size, the difference in rates translate to significant quantum of cash.

3% differential for a N2m investment is N60k/annum , N5k per month or N164 per day. This i can ignore.

Same differential on a N200m asset is N6m per annum or N500k per month. The non cash benefits will have to be crazy for me to forgo N6m a year.

Moving might be hard, but for N3-6m, i'll do the "hard" work.

bharkarh:
well said. I moved all my funds to Cowrywise where I do my trade now LOL.

Nice one Chief.

For the sake of diversification, please don't put all eggs in one basket ooooo.

Myself I began with Stanbic but moved 40% to cowrywise to trade MMF like stocks there. I buy the highest yield, when the highest stops being the highest, I sell to stash and buy into the new highest yield.

Current high rates won't last long especially when MPR gets cut probably in February.


If I am being honest, Truth is; I don't think they will cut MPR in February because of this DETTY December inflationary speeding plus, I track FMDQ to see that Banks don't have liquidity.

So enjoy for now.

Preator:
Oga mi, na people in that class dey move pass o. At that value size, the difference in rates translate to significant quantum of cash.

3% differential for a N2m investment is N60k/annum , N5k per month or N164 per day. This i can ignore.

Same differential on a N200m asset is N6m per annum or N500k per month. The non cash benefits will have to be crazy for me to forgo N6m a year.

Moving might be hard, but for N3-6m, i'll do the "hard" work.

True though.
You have a point as well.

You are leaning on the amount forgone which is a big loss for such elder.(6m)

Why I am leaning on the amount such person is making already which is contentment for such elder(30m).

Also, we tend to use our youthful brains to guard our thoughts when we get older.
But in reality, it's actually when we get older we realize other factors will shape our decisions.


I know most of us all think we could be unstoppable and motivated enough to do this and that at between our teens and early twenties.(15-25yrs)

But consciously or unconsciously we may begin to strike out some of them, seeing things differently, due to maturity, change of needs, other life experiences.


But I don't disagree with you entirely. One may have more ambition, needs or wants e.g a goal of increasing ones generational wealth, so you won't let any of those opportunities pass by.

I was only trying to justify why majority don't move easily despite being aware of higher rates.

Beeron:
Nice one Chief.

For the sake of diversification, please don't put all eggs in one basket ooooo.

Myself I began with Stanbic but moved 40% to cowrywise to trade MMF like stocks there. I buy the highest yield, when the highest stops being the highest, I sell to stash and buy into the new highest yield.

Current high rates won't last long especially when MPR gets cut probably in February.


If I am being honest, Truth is; I don't think they will cut MPR in February because of this DETTY December inflationary speeding plus, I track FMDQ to see that Banks don't have liquidity.

So enjoy for now.

I learnt bank had excess liquidity they were unwilling to lend. Statched it with CBN last week.

https://nairametrics.com/2025/12/24/nigerian-banks-flood-cbn-with-n3-7-trillion-excess-cash-on-christmas-eve/

chimex38:
I learnt bank had excess liquidity they were unwilling to lend. Statched it with CBN last week.

https://nairametrics.com/2025/12/24/nigerian-banks-flood-cbn-with-n3-7-trillion-excess-cash-on-christmas-eve/

Read in between the lines sir.


You want to make profit, you don't want banks to make profit too.

They want to make profit too. OMO profit is not enough for them, they need to make more, this Is why they are parking their cash with CBN.

The reason banks do this is the same reason you are running from Stanbic to Norrenberger or Trustbanc.

Preator:
Oga mi, na people in that class dey move pass o. At that value size, the difference in rates translate to significant quantum of cash.

3% differential for a N2m investment is N60k/annum , N5k per month or N164 per day. This i can ignore.

Same differential on a N200m asset is N6m per annum or N500k per month. The non cash benefits will have to be crazy for me to forgo N6m a year.

Moving might be hard, but for N3-6m, i'll do the "hard" work.

In theory you’re right but believe me, that extra 6m wont move such a person the way you’re thinking. At that level, capital preservation is the priority. In my experience , moving huge funds can be a hassle. I dont like it. It creates an exposure and anything can go wrong if the Devil is on your case.

Also, personally, higher rates creates a level of suspicion. If you notice, it’s always the newer guys offering such and it sometimes feels inorganic. Feels like a deliberate ploy to reel people in or a mouse trap with cheese sprinkled all over

Beeron:
Read in between the lines sir.


You want to make profit, you don't want banks to make profit too.

They want to make profit too. OMO profit is not enough for them, they need to make more, this Is why they are parking their cash with CBN.

The reason banks do this is the same reason you are running from Stanbic to Norrenberger or Trustbanc.

Most of these financial jargons are a bit tough to fully comprehend. Bear with my level.

I only mentioned you cuz you mentioned low liquidity of banks while banks seems to recently have idle liquidity from my comprehension.

Iamblessed88:
Fund manager shopping is easier if you aren’t moving huge funds. The more your capital grows, the risk of moving it around increases. At that point, you also begin to look at things like brand/reputation, AUM, longevity, etc as apposed to rates alone which is fleeting anyway. At that point also, an extra 2% would not make or break you in any way nor will it alter your standard of living in any way

you quite understood what I meant by "some of us are Lazy" especially since you got to factor in a lot more than just dynamic rates.

chimex38:
Most of these financial jargons are a bit tough to fully comprehend. Bear with my level.

I only mentioned you cuz you mentioned low liquidity of banks while banks seems to recently have idle liquidity from my comprehension.

okay let me break it down.

Banks purposely lock up their money with CBN to gain interest and prefer to borrow within themselves to run banking operations.

So when they begin to borrow within themselves, it means liquidity is tight, ignoring the fact that they have locked up money somewhere with CBN to make profit.

Shey you understand now?

chimex38:
Let's say someone with 50M at 15% earns 7.5m yearly. Enough for his/her yearly expenses with leftover. Plus other values, customer service, ease of location, etc.
Would he/she be willing to move to one with 17-19% so easily? to start afresh?

In Mmf the differences in rates aren't much. ±3% maximum
(baring 1 or 2 outliers)
so isn't enticing enough for such class of people.


Compared to someone with 2M looking to use Mmf to build wealth. From 15%, The extra thousands on top of 17% is essential to him cuz of compounding effect.
Finance is the goal, other logistics or services is secondary.

for someone with a long term goal to compound will leave because of that 3% differential. It has nothing to do with 50m or 2m.

Preator:
Oga mi, na people in that class dey move pass o. At that value size, the difference in rates translate to significant quantum of cash.

3% differential for a N2m investment is N60k/annum , N5k per month or N164 per day. This i can ignore.

Same differential on a N200m asset is N6m per annum or N500k per month. The non cash benefits will have to be crazy for me to forgo N6m a year.

Moving might be hard, but for N3-6m, i'll do the "hard" work.

Gbam!

bassdow:
you quite understood what I meant by "some of us are Lazy" especially since you got to factor in a lot more than just dynamic rates.

Spot on!

Iamblessed88:
In theory you’re right but believe me, that extra 6m wont move such a person the way you’re thinking. At that level, capital preservation is the priority. In my experience , moving huge funds can be a hassle. I dont like it. It creates an exposure and anything can go wrong if the Devil is on your case.

Also, personally, higher rates creates a level of suspicion. If you notice, it’s always the newer guys offering such and it sometimes feels inorganic. Feels like a deliberate ploy to reel people in or a mouse trap with cheese sprinkled all over

Much ado about rate and fund managers.
Some folks here are almost turning mmf to a high risk investment because of rate difference.

I hope you guys know at a time in the past stanbic had the highest rate in the industrial.
How come suddenly rate and fund manager's name are now what determines the safety of mmf investment?

Please guys take time to read the fundamentals of mmf so that you don't create unnecessary fear or risk that doesn't exist.

By the way what makes you think that the fund managers you just got to know are new? even if they are it's imaterial to your funds safety. How on earth one compares mmf to ponzi scheme, hmm.
Please let's be well guided.

Like I have always said, choose any fund manager you wish it has nothing to do with your funds safety. Check my other posts to know what safety of your funds entails when it comes to mmf.
Choice of fund manager with regards to mmf has to do with customer service, ease of withdrawal, channel of access, rate, referrals or other personal reasons.

What you guys don't know is the extent to which SEC is involved in this industrial if you know, some observation and comments here will not be necessary.

Please pick any fund manager of your choice and use mmf to your advantage. The rates you see now will not always be there. Enjoy it while it last.

In conclusion always do your due diligence and whatever you prefer, it's personal to you and not the standard. Your choice doesn't necessarily means the best, we all have our investment objectives and let's follow it.

Happy investing in the last day of the year and I wish you all a productive and prosperous 2026.

Making money without tears! is our goal

Beeron:
okay let me break it down.

Banks purposely lock up their money with CBN to gain interest and prefer to borrow within themselves to run banking operations.

So when they begin to borrow within themselves, it means liquidity is tight, ignoring the fact that they have locked up money somewhere with CBN to make profit.

Shey you understand now?

OK. Understood..Thanks

I don’t understand norrenberger interface at all. I downloaded Norrenworld and I’m not even sure it’s their official app.

bharkarh:
for someone with a long term goal to compound will leave because of that 3% differential. It has nothing to do with 50m or 2m.

Another angle and case in point. It's only rational that anyone with compounding in mind will move to higher rates as quick as possible.
Not disputing it as well.


This discuss started from
1) why Stanbic is popularly presented as a go-to for first timers.

2) Why people are reluctant to move their assets to others even when they are aware of higher rates elsewhere.

But whether your submission is among the majority case
of investors in Nigeria, substantial enough or just outliers is subject to statistical research.

chimex38:
Another angle and case in point. It's only rational that anyone with compounding in mind will move to higher rates as quick as possible.
Not disputing it as well.


This discuss started from
1) why Stanbic is popularly presented as a go-to for first timers.

2) Why people are reluctant to move their assets to others even when they are aware of higher rates elsewhere.

But whether your submission is among the majority case
of investors in Nigeria, substantial enough or just outliers is subject to statistical research.

I agree. The stats may not ever be available though given how private people are with funds.

My personal experience is that the rich rarely allows any extra one naira to go astray. I guess that's how they became rich in the first place.

For mmf, the risk is the same across all SEC regulated FMs. Unfortunately, most of us take comfort in thinking our fund is more secure with:

1. a well known, well established fund manager with trillions in AUM
2. A fund manager within a banking group.

In reality, both are mirage but people still cling to them. In a market with perfect information, and with no entry or exit barriers, economics project people to lean towards higher rates.

bharkarh:
that’s not a Ponzi if I must say. Why should I keep my money in the bank when there is a MMF? Just think about it.

You think your money is also safe at the bank? Lol

Once again, there's a reason english teachers in Secondary school ask we read a passage at least twice before responding answering

I redeem some of my money from Stanbic mmf since yesterday morning and it has not landed in my bank account which is also a Stanbic bank.
Please what should I do?
I've also sent them an email

KingCassy:
I don’t understand norrenberger interface at all. I downloaded Norrenworld and I’m not even sure it’s their official app.

Why worry yourself when life is made easy. Click the 2nd link on my signature and open your mmf account, within 24hrs your details will be sent, thereafter you can download the app. This is a better process.

In contrast, I did a subscription top-up in the evening and it was credited this morning.
Please what could have happened?

tosinman:
I redeem some of my money from Stanbic mmf since yesterday morning and it has not landed in my bank account which is also a Stanbic bank.
Please what should I do?
I've also sent them an email

tosinman:
In contrast, I did a subscription top-up in the evening and it was credited this morning.
Please what could have happened?

It takes more time to give than to receive

Iamblessed88:
I experienced same. I saw the 63% yield and decided to test with 50k. Before you know 50k turned to 49k with no appreciation yet. I thought stock market moves daily. I jus tired

How many months have you stayed invested in the fund? This clearly shows you haven't spent enough time to study the instrument. I started investing in stanbic equity fund in July this year and before I decided to invest, I took months to monitor the fluctuations, bid price and offer price. @emmasoft has consistently stated on this platform that before going into equity a number of things to consider- risk appetite, goal, age, time etc.
During the period I've also experienced fluctuations but because of the duration so far I've gained from the fund. Time and DCA matters a lot when it comes to equity and since I plan to stay invested for a minimum of 5 years I've decided to stick with the fluctuations in the market.

emmasoft:
Why worry yourself when life is made easy. Click the 2nd link on my signature and open your mmf account, within 24hrs your details will be sent, thereafter you can download the app. This is a better process.

I just remembered I’ve registered my account with your link since May. I’ve logged in with the credentials. But I still can’t understand the interface. I can’t see mutual funds in the list of investments. I downloaded the app, Norreworld, I’m seeing mutual funds but no rate associated with it.

Anybody has experience with FCMB GRO??

So what narration can one use in a case like this?

Beeron:
The issue of Tax has not fully been communicated.

Many are saying it won't be Taxed here but they themselves also lack clarity as the government is yet to outline clear plans for investment Tax.

The only thing known for now is only bond investment is Tax free and any other type or capital gain tax is still being under review after the crash of stocks market 2 months back.

Yes, the tax policy kicks off in January 1st but not in all sectors of the economy, and Capital gain tax is one of them. The reason being that, it's still under review.

To be safe, keep withdrawing and add the right narration when paying in your money.

I moved my funds to cowrywise also, how safe?

I was contemplating between cowrywise and Bluenest (backed by Stanbic), I'm thinking bluenest is safer incase anything goes wrong because of the backing but lower roi

bharkarh:
well said. I moved all my funds to Cowrywise where I do my trade now LOL.

Oyibopepe2000:
So what narration can one use in a case like this?

Withdrawing does not lead to tax. Tax is due on only your interest. This will have been deducted at source by your Fund manager before you see the money.

Withdraw as u like

KingCassy:
I just remembered I’ve registered my account with your link since May. I’ve logged in with the credentials. But I still can’t understand the interface. I can’t see mutual funds in the list of investments. I downloaded the app, Norreworld, I’m seeing mutual funds but no rate associated with it.

Since you already have an account, fund your MMF account by making a transfer to their UBA collection account, using your name as the narration. Then, send the evidence to customer care. Normally, a proper narration is enough; even if you didn't send evidence, you are still good to go. The collection bank method of funding is better to avoid third-party like the Flutterwave payment system charges

Money Market Fund Collection Account for Norrenberger

Account name: NOM-NORRENBERGER MONEY MARKET FUND/UTL TRUST MGT SERVICES

ACCOUNT NUMBER: 1022962235

BANK: UBA

I started mine in early October, I invested in the Stanbic ethical and equity funds. I've not recovered from the last fall. It was so bad. But I'm in it for a long term so I'm not bothered. I also have just about 1 million there so I'm not moved

Arizona86:
How many months have you stayed invested in the fund? This clearly shows you haven't spent enough time to study the instrument. I started investing in stanbic equity fund in July this year and before I decided to invest, I took months to monitor the fluctuations, bid price and offer price. @emmasoft has consistently stated on this platform that before going into equity a number of things to consider- risk appetite, goal, age, time etc.
During the period I've also experienced fluctuations but because of the duration so far I've gained from the fund. Time and DCA matters a lot when it comes to equity and since I plan to stay invested for a minimum of 5 years I've decided to stick with the fluctuations in the market.

Oyibopepe2000:
So what narration can one use in a case like this?

click on my profile to watch a recent YouTube video I did on narration.