NewStats: 3,261,715 , 8,174,899 topics. Date: Friday, 30 May 2025 at 09:37 AM 3n244r

emmasoft:


The minimum initial deposit is $550. Subsequent top-ups are money for one unit, which is about $103

What's the interest rate?
Is the interest accrued daily, weekly or monthly?
What's the withdrawal process?
MUST I have $ before I can make the deposit?and can someone outside Nigeria?

Please how do i upgrade my Stanbic IBTC acc TO , In have submitted all necessary document, still not upgraded?
Also, how safe is investing with OPTIMUS?

Those guys are just too slow to respond. Send them a reminder mail on [email protected]. Mine took almost 2 weeks before it was upgraded and I had to send couples of mails in between

Adadajiki909:
Please how do i upgrade my Stanbic IBTC acc TO , In have submitted all necessary document, still not upgraded?
Also, how safe is investing with OPTIMUS?

Adadajiki909:
Please how do i upgrade my Stanbic IBTC acc TO , In have submitted all necessary document, still not upgraded?
Also, how safe is investing with OPTIMUS?

Once you submit all your kyc documents, wait for about 48 hours (two working days). You can also call the customer care.

Oyindamolah:
What's the interest rate?
Is the interest accrued daily, weekly or monthly?
What's the withdrawal process?
MUST I have $ before I can make the deposit?and can someone outside Nigeria?

Interest is paid or reinvested quarterly, depending on your option during registration

Withdrawal can be done online from your by clicking on the redemption button and following through, or ask for a redemption form, complete and send it back to them. You will be paid within 24 hours on a business day.

Yes, you will need to bring in your dollars, either by making a transfer or depositing the dollar cash into the fund's collection .

Yes, Nigerians in diaspora can invest in NDF and any other mutual funds.

Find attached the registration form for the NDF and MMF. You can get in touch if you need more guidance. My number is on my signature.

Emma soft, how do i return the form after completion?

Adadajiki909:
Emma soft, how do i return the form after completion?

Once you complete the form, attach your kyc documents and get in touch. My number is on my signature, I will give you the email to send it to for quick and express service. I want to avoid a ban because I just came back from one, hence I'm not posting the email here.

Please note that if you don't have the means to fill the form in soft copy, you can print in color or black and white, it's acceptable.

Taal17:


In setting up with stanbic ibtc money market funds does it ask for referral code?

Trying to get my nephew to sign up and he's saying it's asking for referral code
What does that mean

I have a stanbic so I did mine years ago and then it was a form not the Blu nest app

To best of my knowledge, it does not ask for that.

Hope you using the right link

Adadajiki909:
Please how do i upgrade my Stanbic IBTC acc TO , In have submitted all necessary document, still not upgraded?
Also, how safe is investing with OPTIMUS?

Just give them a Voice call via their GSM number. Sending them eMail is a Hit / Miss. Just ensure you only call them during Business days and between 8am to 3:58pm, Anything from 4pm, they won't pick.

iamrichiefola:
Please I need opening form for GT Fund Managers Ltd

Kindly reach me through [email protected]

I am not here to discourage anyOne BUT please, kindly note that all MMF providers are not equal. You want to invest with those who have proven to not just be safe, but reliable and that includes timely attendance to issues.

Would suggest you leave GT Fund Manager alone for now. there are others to focus on.

Just my suggestion sha.

emmasoft:


Please note that all dollar funds, including NDF, operate differently from MMF. They don't have the same underlying assets. While MMF assets are TBills and commercial papers, Dollar funds have eurobonds as underlying assets.

In investment categorization with respect to risk, an MMF is low-risk or conservative, while a dollar fund is medium-risk or moderately conservative.

Why do you classify eurobonds as moderate risk instead of low? Since bonds are low risk investment

bassdow:
To best of my knowledge, it does not ask for that.

Hope you using the right link

That's what I said.
But I showed him screenshots and he confirmed that's what he saw then he was asked for referral code.

I used the link on stanbicibtcassetmanagement site

Taal17:


That's what I said.
But I showed him screenshots and he confirmed that's what he saw then he was asked for referral code.

I used the link on stanbicibtcassetmanagement site

don’t stress yourself . It’s correct . Stanbic now uses blunest to new customers to make it easy and secure. In the blunest Stanbic website, there is referral option . But if you directly from Stanbic and not blunest , there is no referral option . So in conclusion, it’s very SAFE

Taal17:


That's what I said.
But I showed him screenshots and he confirmed that's what he saw then he was asked for referral code.

I used the link on stanbicibtcassetmanagement site

Give him this link https://www.stanbicibtcfundsmanagement.com/invest-now-l8yyj3l8 or ask him to leave it blank.

emmaodet:


Why do you classify eurobonds as moderate risk instead of low? Since bonds are low risk investment

Please note that Eurobonds have some element of risk. It's not exactly like the money market fund, which always falls under the low-risk investment.

Why are Eurobonds considered medium risk?

1. Issuer Risk. Particularly, bonds not issued by the government ie issued by corporate bodies, are riskier. The credit worthies ie, the ability to meet the financial obligations, vary from issuer to issuer. There is the possibility of a default in the return payment.

2. Liquidity. Some bonds may be illiquid, especially the ones issued by smaller bodies. Illiquidity could make a bond difficult to sell at a reasonable price.

3. Price-based. Market forces control Eurobonds; the price may fall below the initial issued price or market value. Interest and price are always inversely proportional.

4. There could be foreign exchange risk with eurobonds because they are always issued in a currency different from the local currency of the issuer's country.

Check all through the industry, you will discover that all mutual funds that have Bonds as underlying assets always fall under medium risk investment

Is there a website where someone can view MMF rates regularly, either daily or monthly? These rates seem less accessible than stock prices, and I'm not sure why.

Please I am trying to open stanbic mutual funds and it is not going through. The form refuse to move forward after filling my personal details. I don't know what the problem is...

Ujunkem:
Please I am trying to open stanbic mutual funds and it is not going through. The form refuse to move forward after filling my personal details. I don't know what the problem is...

Check the file size of the documents u ed, if it is above the recommended file size.

emmasoft:


Interest is paid or reinvested quarterly, depending on your option during registration

Withdrawal can be done online from your by clicking on the redemption button and following through, or ask for a redemption form, complete and send it back to them. You will be paid within 24 hours on a business day.

Yes, you will need to bring in your dollars, either by making a transfer or depositing the dollar cash into the fund's collection .

Yes, Nigerians in diaspora can invest in NDF and any other mutual funds.

Find attached the registration form for the NDF and MMF. You can get in touch if you need more guidance. My number is on my signature.

Thank you for your response but you fail to answer the rate of the interest and if the interest yield is daily weekly or monthly.

Oyindamolah:
Thank you for your response but you fail to answer the rate of the interest and if the interest yield is daily weekly or monthly.

The rate is 9.82% as of today, and interest is paid quarterly as already stated. Note that all government-controlled investment rates are per annum; it's only prorated based on the product.

bassdow:
I am not here to discourage anyOne BUT please, kindly note that all MMF providers are not equal. You want to invest with those who have proven to not just be safe, but reliable and that includes timely attendance to issues.

Would suggest you leave GT Fund Manager alone for now. there are others to focus on.

Just my suggestion sha.

Let GT be your last option

Hello All

Please anyone who funds their money market through GTB, kindly let me know how. I am unable to add both norrenberger and stanbic ibtc as beneficiaries in order to transfer money to my money market through my GTB online banking. After typing the correct UBA number, and selecting UBA as beneficiary bank, then upon clicking to generate beneficiary name, it returns error message saying "unable to retrieve name". Any one who has experienced this?

Adadajiki909:
Please how do i upgrade my Stanbic IBTC acc TO , In have submitted all necessary document, still not upgraded?
Also, how safe is investing with OPTIMUS?

I use optimus and can assure you it's very safe.

IchKampf:
Hello everyone,

I’ve been trying to make a partial redemption from my GT Money Market Fund (MMF) but haven’t been successful. Here’s what I’ve done so far:

April 16th (Wednesday): Emailed [email protected] requesting the redemption procedure. No response.

April 18th (Friday): Sent a follow-up email and copied [email protected], asking for a redemption form (based on info I found online). Still no reply.

At this point, I’m considering calling them out on social media and reporting the issue to SEC and other regulatory bodies

Has anyone else experienced such delays with GT Fund Managers? Any advice on how to resolve this faster?

Thanks in advance!

Have you sort this out? I know someone who have an investment with them and don't know how to redeem

IchKampf:
Hello everyone,

I’ve been trying to make a partial redemption from my GT Money Market Fund (MMF) but haven’t been successful. Here’s what I’ve done so far:

April 16th (Wednesday): Emailed [email protected] requesting the redemption procedure. No response.

April 18th (Friday): Sent a follow-up email and copied [email protected], asking for a redemption form (based on info I found online). Still no reply.

At this point, I’m considering calling them out on social media and reporting the issue to SEC and other regulatory bodies

Has anyone else experienced such delays with GT Fund Managers? Any advice on how to resolve this faster?

Thanks in advance!

It is becoming their way. Very disappointing.

emmasoft:


@Bossgem, welcome to Norrenberger.

You can top up your MMF any time with any amount from 5k. The amount will be added to your existing capital and interest is always calculated based on the available balance of your MMF at any point in time.

Please is the interest earned on MMFs subject to withholding tax?

yusfatedeeprof:

Please is the interest earned on MMFs subject to withholding tax?

NO, that is one of the advantages of investing in MMF. U get all you earn without WHT.

Good morning great people. Pls is 500K investment a good starting point on stanbic mmf?

Pls i want to open with stanbic for MMF fund what type of should I open

Rubby1:
Good morning great people. Pls is 500K investment a good starting point on stanbic mmf?

It's more than good. You can start with as low as 5k

emmasoft:


The rate is 9.82% as of today, and interest is paid quarterly as already stated. Note that all government-controlled investment rates are per annum; it's only prorated based on the product.

I have a question, I live abroad and you hardly see bonds that give above 5%. So I am wondering why? Is it now safer to save money through this particular dollar MMF rather than conventionally saving or investing abroad. How come they make more money and roi is more than bonds themself in Europe?