₦airaland Forum

freeman67:
Yes, It is an ongoing issaunce for 364 days. Which is to start counting from March 5th.

The major disadvantage to it is that it is not secured. Which makes it more risky than TB and some secured or asset backed one.

The second is the 10% WHT deduction. Which will make that 18.7088 later be about 16.8379 but then all other instruments like it are deducting too.

Lastly your Inability to access your funds till it matures except you completely liquidate at FMDQ or whatever it is listed, if listed. So you should be sure you will leave it till maturity if interested so astl not to street yourself.


That said, personally I would have invested in it if I had the funds but right now I don't. Majority of my funds are invested in other CP's. It's part of the ways I take my own risks.

CP is one of the underlying assets of MMF's. Infact majority of these high rates we see from some of these other Asset Managers are from the CP's, PN's and call deposits and co. Though it requires some due deligence too. The track record of the issuer, the arranggers and agents marking them, perusing their financials to see the possibility of your funds coming out, their ratings and so on are all important. I have personally invested twice in Daraju CP's and was paid at maturity without issues.

Like TB's, CP's are short term deposit too. Difference is that TB is issued by government and CP's are issued by companies. Government have a higher capability of paying back. However, the SEC, and the arrangers and agents will want the financial markets to be safe for investment by others and their brands too worth believing so they are the first to scrutinize the issuers ability before marketing it to customers and allowing the listing, if the issuer meets the requirements.

MMF rates are set daily meaning if your are enjoying 20% now, it's not guaranteed for the week. Any rate locked in on CP remains minus deduction of 10% WHT.

Also, most time the yield is always more that the rates you see. The yield there is about 23% and what you see and calculate is what you get no no deductions of management fees, handling charges by anybody.

If you were to do just the minimum of 5M for the 364 collecting your interest upfront will be about N839,589 after WHT and N1,032,000 after WHT if your decided to roll over with the interest. Divide these 2 sum above and see, either 365 for daily rates, 12 for monthly rates and 4 for quarterly rates and see what you then you can also compared with your MMF. So for me it's worth it.

For me also, I do them directly with the arrangers and agent when I do, so I don't incurr any extra cost other thank transfer charge and stamp duty from my end and WHT from their end at maturity.

bassdow:
Are you combining the 3 images or there's a platform that displays them ?

pluto09:
https://nairametrics.com/2026/04/07/money-market-funds-hit-n5-46-trillion-as-stl-tops-ytd-returns-at-20-24/

bassdow:
what's your issues ?

You could share them here or send me a message

bassdow:
what's your issues ?

You could share them here or send me a message

welzyj2:
Having issues with redemption for over a week now. Sent multiple requests and gotten confirmation but no cash payment yet.

Thazard:
Please i have a question.


If I invest 2 million at today's rate of 20.52% and tomorrow, the rates keeps dropping down till the end of my tenor.

Will that affect the rate i invested on?

bassdow:
No matter the Asset manager e.g Stanbic , Norrenberger, firstAlly, etc, so long it's MMF, the interest rate is not static. It changes on daily basis hence there's no guarantee an interest rate of 20.52% on Monday morning wouldn't go higher or lower by evening of same day.

If you wanna lock in rates, better go with the likes of FGN bonds, Treasury bills BUT those doesn't support automatic compounding.

In other words, that you started with an interest rate of 20.52% doesn't guarantee it would remain at that. it could go higher or lower or very lower or very higher depending on state of the economy.

AnyOne looking for inSane interest rates should go on their Knees on top the highest mountain and pray for the economy to really go bad the CBN would have to raise interest rates.

NB: if you get mind, and willing to tae the cool risk, you could split said funds into 5 parts and invest 1 million naira in MMF, invest 250,000 naira in Stanbic IBTC's Nigerian Equity Fund , another 250,000 naira in Ethical Fund , another 250,000 naira in Imaan Fund , then the remaining 250,000 naira in Balanced Fund

mind you after doing the above, be prepared to leave the funds for at least 1-year or 1-year 6-months and if your heart ain't strong enough, don't look at them for those periods as it can be going up and down BUT even if it's in Negative, so long you don't attempt to REDEEM, it's still not a LOSS. They all have the capacity to really earn yyou much higher than MMF but you have to give them at least +1Year

Thazard:
Instead of this fluctuations, isn't piggybank safelock better?

Thazard:
Instead of this fluctuations, isn't piggybank safelock better?

Thazard:
Instead of this fluctuations, isn't piggybank safelock better?

Thazard:
Sorry all.

I was misinformed.


It's at 15.8% per annum

sky404:
Hahahaha 🤣 🤣 🤣 🤣 🤣

welzyj2:
Having issues with redemption for over a week now. Sent multiple requests and gotten confirmation but no cash payment yet.

nickae:
Strange, I placed a redemption around 8am this morning, got it today.

bassdow:
what you mean by "same multiple mutual investments"

welzyj2:
Ahhhhhhh
Via web or app?

nickae:
App

mank1234:
I see STL and Trustbanc MMF give rate in excess of 19% whereas other like Stanbic gives below 16%.

Considering that treasury bill hovers around 16%, how is STL able to generate this high rate?

Does anyone have link to their factsheet? I have not seen their factsheet in the online app.

nickae:
treasury bill is not the only instrument they use, they might also be trading in equities

nickae:
treasury bill is not the only instrument they use, they might also be trading in equities

mank1234:
I see STL and Trustbanc MMF give rate in excess of 19% whereas other like Stanbic gives below 16%.

Considering that treasury bill hovers around 16%, how is STL able to generate this high rate?

Does anyone have link to their factsheet? I have not seen their factsheet in the online app.

blessedchild234:
Norrenberger has refused to pay me for like 3 days now.

AncestralPowers:
Norrenberger representatives here should please address this issue.

mank1234:
I see STL and Trustbanc MMF give rate in excess of 19% whereas other like Stanbic gives below 16%.

Considering that treasury bill hovers around 16%, how is STL able to generate this high rate?

Does anyone have link to their factsheet? I have not seen their factsheet in the online app.

blessedchild234:
Norrenberger has refused to pay me for like 3 days now.

luxurygadgets:
i use norrenberger as well, did you reach out to their Customer Service e-mail, customerservice@norrenberger.com? They are very responsive.

blessedchild234:
I've been paid today thanks