NewStats: 3,261,231 , 8,173,444 topics. Date: Wednesday, 28 May 2025 at 03:44 PM 516f

DAramis:

I am ready to invest, but just wanted to be sure before reaching out.

If I have naira only, how can I go ahead to invest? Will I be charged black market rate for dollar-naira before investing?

Please If you could give more information on this, I will be grateful

The naira deposit is just to encourage those who find it difficult to get dollars for investment. This comes with some sacrifice - the company will give you a rate a little more than the black market and that rate will be real-time ie the day of the investment. Indirectly the investor is asking the company to source for dollars, hence you pay a little more.

However, the opening which comes first is free.

Like I said earlier, you can get in touch.

ogoo4real:


When is the payment date for Stanbic IBTC interim dividend as well.

30th Sept. 2024

Interim Dividend Payment

Today is the payment date for Zenith Bank N1 interim dividend.
Expect your cash reward for investing in Zenith Bank.
Enjoy!

Bababull:
If you have Stanbic IBTC MMF ,can you open another and please,how it's done online without going to the office.

Yes, you can open another online. Click the first link on my signature, scroll to money market fund, and click buy now, respond to the form as a new subscriber, and complete the form. A new e- will be sent to you.

kemshade:
Good morning,have gotten the , if I pay with a card will I be able to input my e details

It's better to use a normal bank transfer and write your e- number as narration. If you pay with a card it will take two working days for your money to reflect.

DAramis:


But boss

on your d post, you said accept naira deposit

How then does this conflict with your latest reply?

@DAramis, there is no conflict. Both posts are correct.
Just me when you are ready to invest in the fund.
Thank you.

Onboard1:


1. Do I need a domiciliary before investing in a dollar fund?

2. If no, how will I get the dollar if I want to redeem?

3. Can I fund it with US credit card or debit card?

Thank you

1. Yes, you need it. The investment is a dollar-denominated mutual fund, so you need a domiciliary to receive your money (interest /capital) whenever you want to withdraw or get paid your dividends.

2. The answer is in No. 1

3. Funding can be done via wire transfer or cash deposit into our collection .
Only transfer or cash deposits of the USD are currently available to fund.

MelaninGemstone:
Hello sir, so the money has reflected in his stanbic money market but no email confirmation of subscription was sent though

Also, when would the interest payments start coming in?

The email is secondary confirmation, there could be network issues but the fact that the money is reflected settles it.

Interest will be accrued in your . The interest for the day will be posted the next business day, however, if it's not posted it doesn't mean you have lost the interest, the arrears will be posted.

Just watch out by the 30th of Sept, the accrued interest will be reinvested if that is your option or will be credited to the ed bank .
Interest is reinvested at the end of each month or paid to investors' s at the end of each quarter depending on your option regarding your interest during registration or your instruction to the fund manager at any particular time.

You can always monitor how your interest accrues by checking the on the web portal or using the app.

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

Gvstavo:


Could you please comment on the Ghana debt restructuring and Eurobond defaults. What does this even mean for individual investors like you and I? I hope Nigeria will not suffer a similar fate in the near future? Your thoughts

@Gvstavo, in summary to what @emmaodot explained, what happened in Ghana simply means investors will suffer some loss ie get less than what is expected. It can happen anywhere, hence Bonds are classified as medium risk. Sincerely, no investment is risk-free.

MelaninGemstone:
Hello sir Emmasoft, my uncle transferred some money to the around 5PM yesterday. How long will it be posted ? Will he have to call them ? Or it’s automatically done

He sure put his e- number on the Narration/Remarks/Reference

It's automatically, since his e- number was used as narration, it will reflect today.

Please note that any deposit made after noon will have value and reflect the next business day. Check the by the close of business today; it will be reflected. Before then, he will get an email to indicate his subscription.

MMF is a well-structured investment and very safe—no need to be afraid or panic. Your uncle's money is in safe hands.

kemshade:


Have called the customer care, i was told I will get the e by tomorrow

It's okay. Going forward, you have to always write your e- number as narration when you do a top up.

Donsheddy:


How many percent of the interest in paid back immediately?

I want to believe you mean upfront interest payment. When you are ready to invest you will get the details of each transaction.

As earlier stated, rates are not static in the secondary market.

Donsheddy:


Okay thanks
Whats the rat

Rates depend on the tenor and in the secondary market rates are not static. Once you open an and are ready to invest, you will see the rates displayed when you to your .

As at the moment, we have 64 days 16.04%, 78 days 16.91%. 127 days 18.24%, 141 days 18.92%, 155 days 19.25% , 246 days 19.32 etc.

After your is opened, you need a minimum of 100k to start investing.

Donsheddy:


You still offer treasury bills?

Yes, Click the link to open an and pick fixed income among the three products that showed up. Once your is opened, you can even do the treasury bill from the secondary market yourself it's that easy.

LEARN TO EARN

Click the third link on my signature to begin.

LEARN TO EARN

Click the third link on my signature to begin.

LEARN TO EARN

Click the third link on my signature to begin.

kemshade:

I did not get e .

Immediately I ed, I saw on the screen Invest now, I clicked and input a sum of money

You didn't follow the right and easy process. You will need to hold on because they must first sort your e- out since that is your Stanbic identity. What you just did is like a case of depositing money in a bank you intend to open an with. Your money will be floating.

You know we have tried as much as possible to guide folks here. We should try and follow what we are posting and ask questions. I usually give my s not for any other reason it's just to guide newbies who may need proper guidance.

You will need to call customer care 0 2 0 1 2 8 0 5 5 9 5 and tell them what transpired.

Please note that your money is not lost. It will be sorted and traced to you when your e- is settled. Your calling will only fast-track the sorting.

Let's be well-guided. No matter how much we are educated and can use our gadgets, there is always a need to ask professionals what we are trying to venture into.

It's well.

kemshade:
Good evening, I subscribe immediately after my registration, but till now have not gotten , am waiting patiently till tomorrow

Don't worry you will get your .
I hope you wrote your e- number as narration when you did the transfer.

MelaninGemstone:
Hello sir, please which of these s should my uncle pay to

He has successfully signed up and they sent this in the email with his e- number

The first details on the list. ie UBA Nom First Trustees Stanbic IBTC
Money Market Fund

petomas:
Good morning, I hav[color=#000099][/color]e a zero idea and interested in starting MMF. Please can you guide me through?
Thank in advance

@petomas. You are in the right place and I believe you will be well guided.
To avoid repetitions, I will advise you to check my previous post on this thread, all you need to know about MMF is already posted.

However, if you don't mind, me using the phone number on my signature. I will send to you a comprehensive voice note on all you need to know about MMF.

You are welcome onboard.

EndiaSami:

Good evening,
HOW & WHEN can one Top up. After the initial subscription is up and running

HOW - Top up the same way as you did for the initial deposit, using the same UBA details
Transfer your top-up amount into the same UBA and write your e- number as the narration or description.

WHEN - Regarding the top-up, no particular method, time, or amount exists.
This is one of the advantages of MMF, with no restrictions. It's more or less like operating a savings .
You can decide to top up daily, weekly, monthly, annually, or even a one-time lump sum deposit.

kemshade:
Good evening,
I just subscribe to MMF through stanbic.

How do I get my

After registration through the link or form, you will get your e- number within 24 working hours if no KYC issues.
You will get a that you are required to change at first after you make your initial deposit..

If it's today you did the registration, you will get your e- number on Tuesday after the holiday.

NL1960:


Did not know there was a penalty rule for a topup withdrawal that did not stay for 30days.

Yes, there is. That is the rule, any fund not up to 30 days gets that penalty. However, when making withdrawal, the system will show you your funds you are paying penalty on.

For example you have 1m there in the past 70 days and you top up with 100k today, if by tomorrow you want to collect 1m and 50k, the system will show you that you will pay penalty on the 50k ie 20% of the accrued interest on the 50k

MelaninGemstone:
please what’s the catch

This MMF investment seems too good to be true

21.5% per annum

How come everyone in Nigeria is not doing it ??

Please sir, what are the risks involved

Everyone in Nigeria is not doing it because not everyone in Nigeria knows about it.

Chat me up for a voice note for a complete guide, and all about MMF generally.

Neurotika:


Thanks for the response. However it’s still not very clear. Let’s say you have X amount of principal with interest accruing and rolled over into the next month. Then next month you withdraw a Y amount from the fund (once or twice), what’s the implication of this penalty wise. Also let’s say during a certain month, you top up with X amount and withdrew a Y amount (lesser or more than the top up amount), in the same month, what’s the implication of this too.

One rule is that any deposit must stay 30 days or more before it can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

Read the bolded carefully it answers your question.
Or chat me up with the number on my signature.

Neurotika:


Pls can you explain this penalty further? For existing investments that is usually rolled over.

There is nothing like rollover investment in mmf.
Your capital is always there, you only do the following: top up, reinvest interest which is automatic, redeem part of your investment or liquidate your balance ie capital and interest at any point in time.

One rule is that any deposit must stay 30 days or more before it can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

MelaninGemstone:
please my uncle just signed up for mmf, but he didn’t see where to chose the investment duration
28 days, 6 months, 1 year etc

Please advise

Please note MMF duration is determined by d investor. No specific tenors is set out by the fund managers. MMF is not like Tbills that has specific tenors.
You stay as long as you wish. Now that he's signed up, he can leave any time after 30 days without any penalties.

I will advice check up the last 5 pages before the current page on this thread, I have given answers to similar questions like this.

You can also reach out to me with the phone numbers on my signature.

Tohmey:

Buh why is United capitals and Stanbic funds so high to compare with that of sfsfund

That is what I just explained. Right now you are comparing MMF with Fixed income and that will not be correct.

Check the fixed income of Ucap and stanbic, non is up to 10% even the one of FbnQuest referred to as bond fund is about 12%. Currently SFS fixed income fund has the highest yield in the industry.
If you look at the average bond yield, it's about 18%. All fixed income funds have FGN Bond as major underlying asset and that is what differentiate them from MMF.

Like I have always said here, investing in fixed income fund is indirect way of investing in FGN Bond at convenient.

Same way MMF is indirect way of investing in Tbills in bits at investors convenient.

MelaninGemstone:
@Emmasoft,

Sir, please why can one only withdraw 5M per day when they are ready to liquidate their funds from Stanbic Money Market

Don't worry about the amount to be withdrawn, You can redeem any amount using the redemption form. If he decides to liquidate both the capital and interest, complete the redemption form and send it to customer care your request will be actioned as requested irrespective of the amount involved.