₦airaland Forum

bassdow:
Actually, when I read this, thought you were refering to me and I almost would have checked stanbic thinking their rate has jumped to 18% or more if not that I was very occupied.

na after I sent you the code, my head manage understand the writeUp

LoriHamo:
Walahi boss....my gtb equity retuned 14k and 13k on Tuesday and Wednesday..... with only less than 600k capital o...

In my Stanbic MMF....na around 30M fit give me such in one day...😃😃😃😃😃😃

Meanwhile....the downs dey affect only my profit for now as I don get better profit since I started...

Hahahahaha

Bluearrow:
Of all the fund managers I have used for mmf so far, only first ally tick every of these requirements. You can even withdraw on holidays. I made withdrawals yesterday & received my funds immediately. I don't think any other fund manager can do that.

welzyj2:
Better don't play with high BP. Your money will turn to 1kobo in a day 😶‍🌫️

Creditalerts:
haha the day I invest in equity that's the beginning of my sleepless night with enough nightmare 😅

tempest12:
Can you withdraw on weekends too?
If you top up during weekends, will it credit same day and start reading...

Bluearrow:
I haven't withdraw or top up on weekend
But I withdrew last Thursday which was a public holiday & I received my funds immediately.

richforever123:
Commercial Paper (CP) is generally considered a low-risk, short-term debt instrument, but it is not as low-risk as a Money Market Fund (MMF). Here’s a clear breakdown:

1. Risk Level (CP vs MMF)
CP is issued directly by companies and is unsecured (no collateral). Its safety depends heavily on the issuer’s creditworthiness.
MMFs, on the other hand, are diversified pools of instruments (including CP, T-bills, deposits), which spreads risk.
So, CP = higher risk than MMF, even though both are relatively low-risk compared to equities.

2. What happens if the issuer has problems?
If the company runs into financial distress:

There is no collateral to fall back on
Investors may face delayed payment or default
Recovery can be partial or zero depending on restructuring or liquidation outcome
Unlike bank deposits, CP is not insured

In short: you are exposed to credit risk directly.

3. Key Risks in Commercial Paper

Credit risk: issuer may default
Liquidity risk: may be hard to sell before maturity
Rollover risk: issuer may struggle to refinance maturing CP
Market confidence risk: bad news can quickly reduce value

4. Why Pension Fund Managers are restricted
Pension funds are governed by strict regulations (e.g., by National Pension Commission in Nigeria) because they manage retirement savings, which must be highly protected.

Restrictions exist because:

CP is unsecured and more sensitive to issuer failure
Pension funds prioritize capital preservation over yield
Regulations limit exposure to instruments with higher default probability
To avoid systemic risk to retirees’ funds

Essentially, regulators want pension funds to stay in safer, highly-rated, and more liquid instruments.

Commercial Paper (CP) has actually failed in Nigeria before, although it is not very common because issuance is restricted to relatively strong companies.

1. Real Example of CP Default in Nigeria
A notable recent case:

O3 Capital (Nigeria) defaulted on a ₦750 million commercial paper issued in July 2023, which matured in October 2023. ()

This is a clear, real-life example that CP is not risk-free, even in Nigeria.

bassdow:
what's happening ain't any different from entitlement mentality. even in normal day to day dealings with people, when you go the extra mile to do soemthing even when you shouldn't, after a while, it becomes more like their right so much the day you fail to, or delay, na wahala.

Also most people in here don't bother reading at all because they know whatever question they ask, they get responses without being penalized hence we keep explaining 1 thing multiple times.

meanWhile, when I talk say most people would use MMF like MMM, una hala me. Now una don see

coolestDre:
Any idea what's going on with First Asset Management, their website and FBNQuest app have been inaccessible for some days now?

Ezeanna:
Yes, I'm experiencing the same. Can someone advise if there is an issue?

Ezeanna:
Yes, I'm experiencing the same. Can someone advise if there is an issue?

Creditalerts:
haha the day I invest in equity that's the beginning of my sleepless night with enough nightmare 😅

teeboi77:
Does anyone know how i can contact Cardinals(CS) I have been trying to create account on the app and I always get the error message BVN Validation failed and this is the same BVN that works on other platforms. How do i fix this please

playces:
@ coolestDre

Dear Valued Client,


Further to our previous communications, please be reminded that the new First Edge Mobile App is now available for use. Kindly uninstall the former FBN Edge Mobile App on your device, as it has been disabled.



You can download the First Edge Mobile App directly from the App Store or Google Play Store. Once installed, please follow the steps below to register:

Click Sign Up to register as an existing user
Select First Asset Management Customer
Enter your BVN and Customer ID
Verify your identity via the OTP sent to your registered phone number/email
Set your new Password and Transaction PIN
You will then be able to transact seamlessly on the new First Edge Mobile App. Follow this link to download the guide on how to use the new First Edge Mobile App without hassles.

excel127:
Someone here is a scammer posing as creditsalert
Messaged me on WhatsApp asking for sensitive information. Y'all be careful

Babygal2020:
Please who uses GT MMF?

How good are they?

How fast is their deposit and withdrawal?

Princewalexy99:
They have been good with their rate mostly between 17%-17.9%.

Babygal2020:
Please I created the account online. Please is this their collation account?

Princewalexy99:
Yes, it is. You can proceed with the payment. If you do have a bank account with them, u can as well link your investment account with it.

Babygal2020:
But I thought collation account ought to be different from the mmf account？

Jayce242:
This account number is temporary & are randomly generated. If u want to deposit again, another one will be generated. This your own will expire by 1pm, ensure u deposit before then.