NewStats: 3,261,580 , 8,174,423 topics. Date: Thursday, 29 May 2025 at 05:19 PM 2t6o3t

Is anyone using the I-invest app here? I need more details please

Who is operating a VGIF with investment one? Please, I need more info, please. I just filled the form online now via their website. I have an MMMF with AXA, wanna diversify.

coolangel54:
Who is operating a VGIF with investment one? Please, I need more info, please. I just filled the form online now via their website. I have an MMMF with AXA, wanna diversify.

It guarantees you a minimum of 7% which is standard deposit facility (sdf) any other thing is not guaranteed

Please, explain in a layperson's language as I am more confused now.

ernie4life:



It guarantees you a minimum of 7% which is standard deposit facility (sdf) any other thing is not guaranteed

coolangel54:
Please, explain in a layperson's language as I am more confused now.

Emmasoft help us out

coolangel54:
ANY OTHER LEGIT INVESTMENT PLATFORM ASIDE MMMF, MBA FOREX AND TBILLS?

Stocks/shares is another investment window if you can take the risk involve

ernie4life:


Emmasoft help us out

I have to be a bit sentimental here did you use the link in my signature to open the ? Because that is the only way I can benefit o. Well if not next time use it and help your brother.
That is by the way, what ernie4life is say is this. VGIF has a guaranteed income base on the sdf while there is always additional income. The SDF - standard deposit facility is the rate CBN gives to Banks when they deposit funds with them. It used to be 9% but during one of the CBN meetings within the year it was reduce to 8.5%. So VGIF guaranteed rates is bench marked with sdf. But from experience there is always additional income. You can check my signature for any ... if need be.

emmasoft:


I have to be a bit sentimental here did you use the link in my signature to open the ? Because that is the only way I can benefit o. Well if not next time use it and help your brother.
That is by the way, what ernie4life is say is this. VGIF has a guaranteed income base on the sdf while there is always additional income. The SDF - standard deposit facility is the rate CBN gives to Banks when they deposit funds with them. It used to be 9% but during one of the CBN meetings within the year it was reduce to 8.5%. So VGIF guaranteed rates is bench marked with sdf. But from experience there is always additional income. You can check my signature for any ... if need be.

ed, it would be morally wrong for someone to come here, get sensitive information but go behind you and open an but when he or she needs further clarification or has a problem, the same person will come here asking for answers.

I the days when VGIF was pegged to MPR and was paying more than treasury bills, those good old days

ernie4life:



ed, it would be morally wrong for someone to come here, get sensitive information but go behind you and open an but when he or she needs further clarification or has a problem, the same person will come here asking for answers.

I the days when VGIF was pegged to MPR and was paying more than treasury bills, those good old days

Yes o my brother. I wish those days will come back soonest. Anyway when there is life there is hope.

coolangel54:
ANY OTHER LEGIT INVESTMENT PLATFORM ASIDE MMMF, MBA FOREX AND TBILLS?

Please, is MBA Forex authorised and regulated Investment Program

NicoKator:

Please, is MBA Forex authorised and regulated Investment Program

For the fact that mutual funds rate is lower than what it use to be should not make us take unnecessary risk. Be careful of what n where you want to put your money. Zero returns is a better than negative earnings. An adage says fresh fish is very sweet but it also has fresh n dangerous bones. Let's be well guided.

Probably, govt expect us to begin to invest in real sector like agriculture, physical businesses and productions

It’s currently 9.92% for FBN.

See attached the screenshot from a recent communication from them.

benedictuyi:

Please any idea of the average annual interest rate?

NicoKator:

Please, is MBA Forex authorised and regulated Investment Program

Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.

Good morning all, please I want to be making a savings to monthly that will be able to be paying me interests. What options do I have? Investment gurus please advice.

Alexgeneration:

Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.

ed

MKKO:
Good morning all, please I want to be making a savings to monthly that will be able to be paying me interests. What options do I have? Investment gurus please advice.

Open MMF or VGIF and do your monthly investment. When rates gets better and you have accumulated much you can diversify some to Tbills. Check my signature to open

deleson:
It’s currently 9.92% for FBN.

See attached the screenshot from a recent communication from them.

Thanks

Hi guys. Can anyone provide details on how an eurobond fund works and how subscription can be made especially if payment to subscribe can be done in Naira. Also any risks involved and conditions attached.

See the attached images.

However, I’d advise you speak with the bank of your choice.

tomzman:
Hi guys. Can anyone provide details on how an eurobond fund works and how subscription can be made especially if payment to subscribe can be done in Naira. Also any risks involved and conditions attached.

Quick one; Is there a dollar version of MMF?

Something with lower risk, shorter holding/lock down period and daily interest, but in dollar.

If you know any, please share.

* I’m not asking for Eurobond.

Thanks

Alexgeneration:

Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.

Please with due respect don't say what you don't understand. This is not just Nairaland forum, but also a public/internet forum. You can make Google your friend. You can also educate yourself on how to detect a ponzi scheme fronting forex trading as their line of business by going through the link below.

https://nairaland.unblockandhide.com/5486596/ponzi-scam-fraud-schemes-fronting

https://nairaland.unblockandhide.com/5486596/ponzi-scam-fraud-schemes-fronting

It is not ed and regulated by SEC,

deleson:
Quick one; Is there a dollar version of MMF?

Something with lower risk, shorter holding/lock down period and daily interest, but in dollar.

If you know any, please share.

* I’m not asking for Eurobond.

Thanks

None in Nigeria.

You can buy Eurobond from United capital with $1000. This is about the lowest

https://nairaland.unblockandhide.com/5486596/ponzi-scam-fraud-schemes-fronting

Do you mind telling the house the government agency regulating forex?

emmanuelewumi:



It is not ed and regulated by SEC,

Though the person I quoted never made reverence to the fact that he was referring to regulation of forex trading in Nigeria, forex trading is regulated in other countries and this regulation covers traders and investors doing business with the regulated brokers and their representatives here in Nigeria.

emmanuelewumi:


None in Nigeria.

You can buy Eurobond from United capital with $1000. This is about the lowest

I stand to be corrected but I think dollar funds are like MMF,
usually there lock in period is 180days as against buying eurobonds which are typically long term investments.
You can invest with as little as $1k as against buying eurobonds directly where you will need up to $10k and above.

The downsize is when you invest with small volume and or a short tenor, transaction charges alone will almost wipe out your profits but dollar funds offerw you the opportunity to accumulate dollars over a period of time while still giving you returns above what domiciliary would give.

ernie4life:


I stand to be corrected but I think dollar funds are like MMF,
usually there lock in period is 180days as against buying eurobonds which are typically long term investments.
You can invest with as little as $1k as against buying eurobonds directly where you will need up to $10k and above.

The downsize is when you invest with small volume and or a short tenor, transaction charges alone will almost wipe out your profits but dollar funds offerw you the opportunity to accumulate dollars over a period of time while still giving you returns above what domiciliary would give.

Eurobond also have waiting periods of 180 days.

The Eurobond funds of FBN Asset Management, Stanbic IBTC, United Capital and others are all mutual funds.

You need between $1000 and $10,000 to invest in them

To buy Eurobonds directly from the issuer ie Federal Government and Nigerian Corporate Organisations, you will need from $100,000.

Hence the reason why we have Eurobond funds which are managed by fund managers and asset managers.

You will need $10,000 to by the dollar fund of FSDH Asset Management

Alexgeneration:

Do you mind telling the house the government agency regulating forex?

You did not state the country that you are making reference to. If we assume that you are making reference to regulation of forex trading in Nigeria, then you are right to say that forex trading is not regulated in Nigeria yet. But at the same you need to know that forex trading is regulated in other countries/brokers jurisdiction across the world, and this regulation covers traders/investors doing business with the government licensed and regulated brokers and their representatives here in Nigeria.

Fxmanager:
You did not state the country that you are making reference to. If we assume that you are making reference to regulation of forex trading in Nigeria, then you are right to say that forex trading is not regulated in Nigeria yet. But at the same you need to know that forex trading is regulated in other countries/brokers jurisdiction across the world, and this regulation covers traders/investors doing business with the government licensed and regulated brokers and their representatives here in Nigeria.

So the forex regulations from other countries is some kind of Geneva conventions or pronouncements from ICJ in the Hague?

And such regulations will protect the capital of investors in your FX business?

We shouldn't mislead the public all in the bid to grow our business.

Alexgeneration:
So the forex regulations from other countries is some kind of Geneva conventions or pronouncements from ICJ in the Hague?

And such regulations will protect the capital of investors in your FX business?

We shouldn't mislead the public all in the bid to grow our business.

Please leave the guy alone. A representative of the scheme that is not ed and regulated by CBN and SEC