Community Forum

I tested with ₦100,000 for 90 days:

A. FIXED DEPOSIT: - Rate in September 2026: 10-13% for ₦100k (Access Bank 11%, First Bank 10.5%, Stanbic 12% if you have ₦1m+) - Interest formula: Principal x Rate x Days / 365 - ₦100,000 x 11% x 90 / 365 = ₦2,712 gross - Withholding Tax 10% = ₦271.2 - Net you receive = ₦2,440.8 - Lock: 90 days, if you break before, you lose interest.

B. MUTUAL FUNDS (Money Market Fund): - Rate in September 2026: Stanbic IBTC Money Market 15.2%, Cowrywise Money Market 15%, PiggyVest Flex Dollar - Interest: Compounding daily, not simple - ₦100,000 x 15% x 90 / 365 = ₦3,698 (approximate, daily compounding adds small extra) - No 10% WHT deducted upfront, fund pays after - Liquidity: Withdraw within 24-48 hours, no penalty - Risk: Not insured by NDIC like Fixed Deposit, but invested in Treasury Bills and Commercial Papers

My Result: Mutual Funds paid ₦1,257 more than Fixed Deposit for the same ₦100k for 90 days. When to choose which? - Choose Fixed Deposit if you want NDIC insurance up to ₦500k and you will not touch money. - Choose Mutual Funds if you want higher return and flexibility to withdraw for emergencies.

I am not selling anything. Just sharing what I learned saving ₦10k monthly with ₦334 daily from car wash.

What do you use? Fixed or Mutual Funds?

Thank you.

Kano vote will also be a split between Tinubu and Obi

So many split which favors Tinubu

Von Batten-Montague-York also alleged that there is growing concern across political lines over corruption within the Nigerian government under Tinubu. The firm further claimed that Tinubu appointed a serving minister responsible for the national budget despite an alleged previous connection to the embezzlement of funds from Nigeria’s treasury. However, it did not provide supporting documentation for the allegation in its latest post.

“The US cannot afford to allow President Tinubu to rig the upcoming Nigerian election,” the firm stated. It added that what it described as “lawlessness” in Nigeria could put the country on a path similar to Niger, Mali and Burkina Faso, while stressing that free and fair elections would be essential to protecting US interests in Nigeria and the broader region.

The latest statement comes amid the firm’s series of public claims concerning Nigeria’s 2027 electoral process.

Earlier this month, it alleged that Tinubu was using state institutions, including INEC, the judiciary and law enforcement agencies, against opposition parties and candidates, but it did not provide evidence in its post. However, Von Batten-Montague-York is a private lobbying and policy advisory firm and its statements should not be interpreted as official US government positions.