₦airaland Forum

EquityM:
Yes. Stanbic and Meristem have ETFs.

Please any idea where it’s located on Stanbic app, I have been on it for a day or two and I can’t seem to find it maybe because I haven't invested in it yet

I'm not sure on the Stanbic app; however, I do see it on the CardinalStone app.

Niiade:
Please any idea where it’s located on Stanbic app, I have been on it for a day or two and I can’t seem to find it maybe becuase I have invested in it yet

EquityM:
I'm not sure on the Stanbic app; however, I do see it on the CardinalStone app.

Thanks, i think its time to register with Cardinal Stone, alot of options are available there.

Niiade:
Please any idea where it’s located on Stanbic app, I have been on it for a day or two and I can’t seem to find it maybe because I haven't invested in it yet

Etf are traded on the stock platform of any stock broker

There are quite a handful of etf you can trade. As at yesterday ETP were at 78.71bn

From my above post we can deduce more insight into the NGX market

Niiade:
Please any idea where it’s located on Stanbic app, I have been on it for a day or two and I can’t seem to find it maybe because I haven't invested in it yet

Most investors says it is difficult to liquidate Nigerian ETF. You can't sell them even when the prices are high. Its liquidity is not like that of foreign ETFs. Do your research properly before investing sha

welzyj2:
Etf are traded on the stock platform of any stock broker

There are quite a handful of etf you can trade. As at yesterday ETP were at 78.71bn

The section circled would that be the ETF on Stanbic

Jayce242:
Most investors says it is difficult to liquidate Nigerian ETF. You can't sell them even when the prices are high. Its liquidity is not like that of foreign ETFs. Do your research properly before investing sha

Thank you, I would review further.

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Niiade:
The section circled would that be the ETF on Stanbic

That's an index ...more like trading an industry growth

To see available index search for etf just how you will search for any stock of a company

I don't have any recommendations but you can ask on the stock thread for recommendations and guidance

Above all do your due diligence also

Jayce242:
Most investors says it is difficult to liquidate Nigerian ETF. You can't sell them even when the prices are high. Its liquidity is not like that of foreign ETFs. Do your research properly before investing sha

It actually due to etf not being popularly traded in Nigeria

Gratefulme:
Should stock recommendations on brokers' platforms be taken seriously? I see some stocks advise to sell.

It's at investors risk o.

Some of them are seasoned guys, but don't take anybody words easily. Do your personal research if you want to invest in a company's stock.

We at cardinal stone equity should see some green later this evening when our app update

EquityM:
Yes. Stanbic and Meristem have ETFs.

Vetiva too has an ETF that tracks the consumer goods sector. It did 100% YTD 2025. There are concerns over the liquidity of ETFs in Nigeria though. Only sophisticated investors know about it

Aradel spoiled the market; I hope tomorrow will be better.

welzyj2:
We at cardinal stone equity should see some green later this evening when our app update

Equity = Bearish. 10k+ loss today, still have 35k as profit thanks to yesterday earnings.
Fixed income funds = Bearish. 21/01/2026

January might be sluggish; this is the time to buy more units for better gains when the market is back on track.

EquityM:
Equity = Bearish. 10k+ loss today, still have 35k as profit thanks to yesterday earnings.
Fixed income funds = Bearish. 21/01/2026

January might be sluggish; this is the time to buy more units for better gains when the market is back on track.

Gearing up to dive in and this is inspired by your passion and inspirations.

Please, how does ' Fixed ' bearish look like?

EquityM:
Aradel spoiled the market; I hope tomorrow will be better.

Just checked and saw it on today's trading

"Bearish" means today's rate dropped lower, which affects the NAV. It's a paper loss; once the rate gets higher, the NAV will get back on track. Some fixed income funds do not utilize NAV, while some do. Quantum Zenith and DLM do not use it; thus, I make normal earnings from them. However, the NAV is better in the long run. More money if the NAV goes up.

WaytoGo:
Gearing up to dive in and this is inspired by your passion and inspirations.

Please, how does ' Fixed ' bearish look like?

EquityM:
"Bearish" means today's rate dropped lower, which affects the NAV. It's a paper loss; once the rate gets higher, the NAV will get back on track. Some fixed income funds do not utilize NAV, while some do. Quantum Zenith and DLM do not use it; thus, I make normal earnings from them. However, the NAV is better in the long run. More money if the NAV goes up.

I see -2k+ , so, the NAV is affected but your capital is secured in Fixed.

Yes, your capital is safe. However, in order to liquidate, the NAV must be high on that day. The NAV is low today; if I should sell it off, I will be at a loss. Attached below is the paper loss; once the NAV gets back on track, the paper loss will reset to 0.

WaytoGo:
I see -2k+, so, the NAV is affected but your capital is secured in Fixed.

EquityM:
Yes, your capital is safe. However, in order to liquidate, the NAV must be high on that day. The NAV is low today; if I should sell it off, I will be at a loss. Attached below is the paper loss; once the NAV gets back on track, the paper loss will reset to 0.

Impressive but where do you get your daily NAV rate from , can I access it yet?

You can view the NAV accurately using CardinalStone's website.

WaytoGo:
Impressive but where do you get your daily NAV rate from , can I access it yet?

Great job, guys!

I’m glad to be here. I’ve learned a lot from the ongoing conversations.

I have two questions directed to @EquityM, @Beeron, and anyone else who can help:

1. I haven’t seen much discussion here about Dollar Mutual Funds, such as the Nigeria Eurobond Fund. Is this because they are not as profitable compared to Naira-denominated mutual funds like Fixed Income, Equity, and Money Market Funds?

2. @EquityM, please what is the CRS form on the CardinalStone sign-up application?
I understand it needs to be uploaded when a non-Nigerian residential address is provided and that it relates to income tax.
Is there any technical implication attached to it, or is it advisable to simply use one’s Nigerian address?

Thank you in advance for your responses.

CardinalStone has the fixed income dollar funds, which start with USD; you can pay in naira or USD. I was interested in doing it; however, since I am into the fixed income naira fund, I was not ready to subscribe to it, as the return is the same as with the naira income fund. I foresee USD devaluation in the future; nevertheless, it's a good investment, as you can earn more in USD. Use your Nigerian address to register on the website and insert your NIN for tax bla bla. Lastly, if you are interested in making an investment in foreign currency, you should do the SME (100m), as it comprises all the investment funds at large. (Euro, USD, Equity, TB, and others)

Jesusmylord:
Great job, guys!

I’m glad to be here. I’ve learned a lot from the ongoing conversations.

I have two questions directed to @EquityM, @Beeron, and anyone else who can help:

1. I haven’t seen much discussion here about dollar mutual funds, such as the Nigeria Eurobond Fund. Is this because they are not as profitable compared to Naira-denominated mutual funds like fixed income, Equity, and Money Market Funds?

2. @EquityM, please what is the CRS form on the CardinalStone sign-up application?
I understand it needs to be uploaded when a non-Nigerian residential address is provided and that it relates to income tax.
Is there any technical implication attached to it, or is it advisable to simply use one’s Nigerian address?

Thank you in advance for your responses.

EquityM:
CardinalStone has the fixed income dollar funds, which start with USD; you can pay in naira or USD. I was interested in doing it; however, since I am into the fixed income naira fund, I was not ready to subscribe to it, as the return is the same as with the naira income fund. I foresee USD devaluation in the future; nevertheless, it's a good investment, as you can earn more in USD. Use your Nigerian address to register on the website and insert your NIN for tax bla bla. Lastly, if you are interested in making an investment in foreign currency, you should do the SME (100m), as it comprises all the investment funds at large. (Euro, USD, Equity, TB, and others)

Thank you. I appreciate 🙏

The guys at Afrinvest equity fund must be doing something right as they've only had 1 negative since the year began which is almost insignificant if you look at the percentage change in comparison with the greens.

You can't predict the market at an early stage; a good start does not mean it will keep going that way. Nevertheless, they are doing a great job.

Salarys:
The guys at Afrinvest equity fund must be doing something right, as they've only had 1 negative since the year began which is almost insignificant if you look at the percentage change in comparison with the greens.

EquityM:
You can't predict the market at an early stage; a good start does not mean it will keep going that way. Nevertheless, they are doing a great job.

Very true. I hope it continues on this trajectory.

Jesusmylord:
Great job, guys!

I’m glad to be here. I’ve learned a lot from the ongoing conversations.

I have two questions directed to @EquityM, @Beeron, and anyone else who can help:

1. I haven’t seen much discussion here about Dollar Mutual Funds, such as the Nigeria Eurobond Fund. Is this because they are not as profitable compared to Naira-denominated mutual funds like Fixed Income, Equity, and Money Market Funds?

2. @EquityM, please what is the CRS form on the CardinalStone sign-up application?
I understand it needs to be uploaded when a non-Nigerian residential address is provided and that it relates to income tax.
Is there any technical implication attached to it, or is it advisable to simply use one’s Nigerian address?

Thank you in advance for your responses.

Dollar Mutual funds doesn't pay enough returns in Nigeria compared to Naira mutual funds, infact that is why we have foreign portfolio investors come to Nigeria and invest in Naira investments will Naira, make gains and convert back to Dollar to pull out their investments

They profit from both investment gains and forex slippage.

Nigerians only do Dollar Mutual fund to hedge against Naira inflation even if they earn little interest on it.

Secondly, Euro bond isn't accessible to Nigerians, it can only be bought by foreign portfolio investors with foreign currency.

Salarys:
The guys at Afrinvest equity fund must be doing something right as they've only had 1 negative since the year began which is almost insignificant if you look at the percentage change in comparison with the greens.

They are the best for now, I see and track their returns. Whatever stocks they picking, they are doing a good job.

EquityM:
CardinalStone has the fixed income dollar funds, which start with USD; you can pay in naira or USD. I was interested in doing it; however, since I am into the fixed income naira fund, I was not ready to subscribe to it, as the return is the same as with the naira income fund. I foresee USD devaluation in the future; nevertheless, it's a good investment, as you can earn more in USD. Use your Nigerian address to register on the website and insert your NIN for tax bla bla. Lastly, if you are interested in making an investment in foreign currency, you should do the SME (100m), as it comprises all the investment funds at large. (Euro, USD, Equity, TB, and others)

My Chief, Dollar devaluation is not happening anytime soon. Infact, if there was any President that has wanted the dollar to devalue in the past one year. It's Donald Trump because he so much wants a weaker dollar to attract investors to the U.S to compete with China, that was the idea behind all his TARIFFS wars, but did it work? Not as quite well, infact, the Naira only won against the dollar in 2025 after so many years, and do you know what we considered a win? A stable exchange rate not even dollar devaluation.

This is why dollar based MMF was sluggish for last year too.