Osirawboy:
Hello Nairalanders, please I need advise in investing my money. I have some money, about 2,750,000 naira I would love to investing for a 6months duration (till October).
I have done researchs about treasury bill and fixed deposit ,but i can't decide on which to go with. Treasury bill are currently at an interest rate of 3.2% but I don know of interest of bank. I would love to get an interest of 10% for a 6months duration, I don know if that would realistic in our current economy.
Please if could get advice on the best rate I could get on my cash ( #2,750,000) be it treasury bill, fixed deposit or any, I would really appreciate it. ....... Also I would love to know if anyone could confirm if " WEALTH.NG" is real as I saw and intrest of 10% on a 180day treasury bill investment. Thanks in advance...!!!!

Osirawboy:
Hello Nairalanders, please I need advise in investing my money. I have some money, about 2,750,000 naira I would love to investing for a 6months duration (till October).
I have done researchs about treasury bill and fixed deposit ,but i can't decide on which to go with. Treasury bill are currently at an interest rate of 3.2% but I don know of interest of bank. I would love to get an interest of 10% for a 6months duration, I don know if that would realistic in our current economy.
Please if could get advice on the best rate I could get on my cash ( #2,750,000) be it treasury bill, fixed deposit or any, I would really appreciate it. ....... Also I would love to know if anyone could confirm if " WEALTH.NG" is real as I saw and intrest of 10% on a 180day treasury bill investment. Thanks in advance...!!!!

ernie4life:




Money market will give you about 6.56%

ernie4life:




Money market will give you about 6.56%

just2endowed:


I beg example of money market asset managers that give such rate

ernie4life:


Stanbic ibtc
Afrinvest
Investment one
ARM
Mansard
FBN quest
Coronation etc

ernie4life:




Money market will give you about 6.56%

emmasoft:


VGIF managed by investment one former GTBank Asset Management is your best bet. The interest currently at 8.5% and your principal is guaranteed. check my signature for contact and link to open account at the comfort of your home.

pasuma:
Just a bit curious, is the rate annual?

bikerboy1:
I just discovered that my accrued returns on FBN money market has been N0.00 since Friday. Which is not supposed to be.

Checked my bank account to see if the money was paid into it, but nothing.

I'm curious, anyone with any explanation to this?

narit:
It's a Waste of money to invest in Nigeria mutual funds. A total scam, it took me years to understand this. Nigeria mutual funds, I can't stop laughing.

alwayspositive8:
Please present a valid argument why you think its a waste of money, maybe some can learn too as i cant see any logical point you have made with this comment...NB:Mutual funds is for the Risk Averse Individuals

alwayspositive8:
Please present a valid argument why you think its a waste of money, maybe some can learn too as i cant see any logical point you have made with this comment...NB:Mutual funds is for the Risk Averse Individuals

narit:

RISK AVERSE; I can't stop laughing, that is exactly why you are been ripped off, without knowing.

bikerboy1:
I just discovered that my accrued returns on FBN money market has been N0.00 since Friday. Which is not supposed to be.

Checked my bank account to see if the money was paid into it, but nothing.

I'm curious, anyone with any explanation to this?

just2endowed:


Are you sure about stanbic, I inquire about there rate and the officer told me it's 5.54% currently as at yesterday

emmasoft:


Your accrued interest for Q1 is being processed for payment while the accrued interest from 1st April till date will be posted shortly. It's end of quarter things don't worry yourself. If you opt for reinvest interest by now you would have notice it has been reinvested.

narit:
It's a Waste of money to invest in Nigeria mutual funds. A total scam, it took me years to understand this. Nigeria mutual funds, I can't stop laughing.

alwayspositive8:
Please present a valid argument why you think its a waste of money, maybe some can learn too as i cant see any logical point you have made with this comment...NB:Mutual funds is for the Risk Averse Individuals

just2endowed:


I beg example of money market asset managers that give such rate

seyisanya:
Why stress yourself? You should know their ways by now. Next, they will advertise some bogus investment scheme that will yield 20% or more per annum ROI. Then, the gullible investors will PM them and the rest is ''oh my God''. Times are hard, don't invest your hard-earned money in anything you don't fully understand. BEWARE!!!

alwayspositive8:
Please present a valid argument why you think its a waste of money, maybe some can learn too as i cant see any logical point you have made with this comment...NB:Mutual funds is for the Risk Averse Individuals

alwayspositive8:
Like i said before, please present a valid and logical argument....BTW risk averse is for those whose risk tolerance limit is very low, they are comfortable with less risk, less return but capital is safe and that one of the goal of MMF ...so present your argument why its a scam

narit:

Lol......typical Nigeria, everyone is a scammer. Did what I typed have anything to do with advertising any scheme. Well mutual fund are legit, infact that is the only program I can vouch for with my life that is not a scam in these era of cybercrime. But that does not change the fact that you are all been ripped off. Yes, I have been there, don't be locked in your thinking or else you will be limited. Try to question other people opinions. Don't bother to quote me, mutual fund is safe as long your principal is guaranteed. Seriously, I can't stop laughing.

seyisanya:


Forget that guy, he keeps talking in parable.... My advice to him is to come out fully or else I will Tage him as a scammer

I've been in the investment space for some time to understand such tactics. Mind you, I'm well-diversified - Stocks(local/international), MMF, treasury bills, real estate - so I know the sign(s) to look out for before the launch of a scheme. Well, you've been asked to state some valid points to back up your claim but you've just continued to beat around the bush. How else do you want your opinion to be questioned?

emmasoft:


VGIF managed by investment one former GTBank Asset Management is your best bet. The interest currently at 8.5% and your principal is guaranteed. check my signature for contact and link to open account at the comfort of your home.

Agbeni33:
Good day house.

Please how can I top my Money market fund with stanbic bank successfully without going into banking hall ? .

freeman67:


Do you use any mobile or internet banking app/ platform of any bank? If yes, just do a transfer to First Trustees/SIMMF account with no: 9202476223. Make sure you quote your own StanbicIBTC Money Market Account No and your name in the narration/transaction details space before sending.

They will credit you when they get the alert.