Both are among the most popular low-risk investment options in Nigeria, but they serve different purposes. This article breaks down the mutual fund vs treasury bill debate: comparing returns, liquidity, and safety: to help you decide where best to put your money.

Understanding Mutual Funds in Nigeria

What is a Mutual Fund?

A mutual fund is simply a pool of money collected from many investors and managed by professionals who invest it in assets like stocks, bonds, or money market instruments. Think of it as a cooperative investment system: you contribute your share, and fund managers handle the hard part.

How Mutual Funds Work

When you invest in a mutual fund, your money is combined with others’ funds and managed by an expert. Depending on the type of fund, your returns could come from interest, dividends, or capital appreciation (when the value of assets increases).

Types of Mutual Funds in Nigeria

There are different kinds of mutual funds to suit every investor’s goal:

• Money Market Funds: For short-term, low-risk investors.

• Equity Funds: Invest mainly in stocks: higher risk, higher returns.

• Bond Funds: Focus on fixed-income securities.

• Balanced Funds: A mix of all for moderate growth and stability.

Average Returns and Growth Potential

Returns on mutual funds in Nigeria vary. Money Market Funds usually yield around 10–16% per annum, while Equity Funds can generate up to 20–30% depending on market performance. The growth potential is higher than treasury bills: but so is the risk.

Pros and Cons of Mutual Funds

Advantages:

• Professionally managed by experts.
• Diversified portfolio reduces risk.
• Accessible through mobile apps and fintechs (e.g., ARM, Stanbic IBTC, Cowrywise).

Disadvantages:

• Returns are not guaranteed.
• Some funds charge management fees.
• Market fluctuations can affect performance.

Understanding Treasury Bills in Nigeria

What Are Treasury Bills (T-Bills)?

Treasury bills are short-term debt instruments issued by the Central Bank of Nigeria (CBN) to borrow money from the public. In simple terms, you’re lending money to the government, and they pay you back with interest after a set period.

How Treasury Bills Work

You buy a treasury bill at a discounted rate: for instance, you might pay ₦900,000 for a ₦1,000,000 T-bill; and at maturity (say 364 days), you receive the full ₦1,000,000. The ₦100,000 difference is your interest or profit.

Typical Returns on Treasury Bills

Returns on treasury bills in Nigeria typically range between 10% and 18% per annum, depending on the tenor (91, 182, or 364 days) and market demand. Though returns are fixed, they are often lower than inflation.

Why Treasury Bills Are Considered Safe

Treasury bills are backed by the Nigerian government, making them one of the safest investment options in Nigeria. They are ideal for conservative investors who prefer stability over high risk.

Pros and Cons of Treasury Bills

Advantages:

• Government-backed and very safe.
• Predictable fixed returns.
• Suitable for short-term investment goals.

Disadvantages:

• Returns may not beat inflation.
• Funds are locked until maturity.
• Minimum investment can be high (₦100,000 or more).

Mutual Fund vs Treasury Bill: Key Comparison Table

Which Is Better for You?

The answer depends on your financial goal and risk appetite.

Choose Treasury Bills if You Want Safety and Stability

If your goal is to protect your capital and earn predictable income with minimal risk, then treasury bills are ideal. They are perfect for:

• Retirees.
• Salary earners saving for short-term needs.
• Investors who cannot tolerate risk.

Choose Mutual Funds if You Want Growth and Higher Returns

If you’re young or willing to take a bit of risk for potentially higher gains, mutual funds are a better choice. They allow your money to grow faster, especially when inflation is high.

The Smart Move: Combine Both

Many smart investors in Nigeria now take a balanced approach; putting part of their money in treasury bills for safety and another part in mutual funds for growth. This way, you get stability and good returns at the same time.

Real-Life Example:

Aisha’s Investment Story

Aisha, a 30-year-old banker, invested ₦500,000; half in a money market mutual fund and half in treasury bills.

• After one year, her treasury bill returned about ₦45,000 profit.

• Her mutual fund earned around ₦60,000, though the value fluctuated a bit.

By diversifying, she enjoyed steady income and better overall returns; proving that balance often wins.

How to Start Investing in Either Option

How to Buy Treasury Bills in Nigeria

• Through commercial banks (like GTBank, Zenith, Access).
• Via the Central Bank of Nigeria’s auctions.
• Through digital investment platforms like Cowrywise, Trove, etc.

How to Invest in Mutual Funds

• Open an account with licensed fund managers like ARM, Stanbic IBTC, Afrinvest, or Meristem.
• You can also use investment apps that let you start with as little as ₦1,000 to ₦5,000.

Quick Tips for Beginners

• Understand your risk tolerance.
• Always check fund performance before investing.
• Be patient because growth takes time.

Expert Insight: What Financial Advisors Recommend

Most financial experts suggest having a diversified investment portfolio. That means:

• 30% to 40% in risk-free assets like Treasury Bills.
• 60% to 70% in growth instruments like Mutual Funds or Bonds.

What this balance doe exactly is helps you stay safe while still growing your wealth faster than inflation. Let’s look at some of the common mistakes to avoid.

Common Mistakes to Avoid

• Investing blindly without understanding how returns work.
• Ignoring inflation when calculating real profits.
• Overlooking management fees on mutual funds.
• Withdrawing too early from mutual funds and missing compounding benefits.

Final Thoughts

There’s no one-size-fits-all investment strategy. The best choice depends on your financial goal, timeline, and risk appetite.

If you value stability and guaranteed income, treasury bills are your friend. If you want growth and better long-term returns, mutual funds will serve you well.

But the smartest approach?… is to simply: Combine both.

That way, your money stays safe and still grows steadily; giving you peace of mind in Nigeria’s unpredictable economy.

NOTE: The best investment is not the one that pays the most, but the one that helps you sleep well at night while your money works for you.

The post Mutual Funds vs. Treasury Bills in Nigeria: Where Should You Put Your Money? appeared first on AFRICA EXPLAINED.

There is a reason why thousands are turning to two powerful alternatives: Money Market Funds and Mutual Funds. While both offer a huge step up from the bank, they are built for different financial missions. The key is knowing which one aligns with your goals.

This guide gives you the clear, practical breakdown you need to decide where your money truly belongs.

What is a Money Market Fund?

A Money Market Fund is a type of mutual fund that invests primarily in short-term, low-risk financial instruments such as Treasury Bills, Commercial Papers, and Certificates of Deposit.

In Nigeria, these funds are managed by investment firms and regulated by the Securities and Exchange Commission (SEC). Top fund managers like Stanbic IBTC, ARM, FBNQuest, and Chapel Hill Denham offer well-established Money Market Funds with accessible entry points; often starting as low as ₦5,000.

Key Features:

• Low Risk: Because they invest in short-term instruments backed by the government or reputable institutions, the risk of losing your capital is minimal.

• Liquidity: You can easily withdraw your money at short notice, making it perfect for emergency savings or short-term goals.

• Steady Returns: Money Market Funds offer returns that are higher than traditional savings accounts but lower than high-risk investments.

Example:
If you had ₦500,000 sitting in a traditional bank account for instance and it’s earning 2% per year, moving it into a Money Market Fund could easily earn you 10% to14% annually (depending on the fund manager and market conditions sha!).

Best for:
Investors seeking safe, low-risk investments with quick access to cash; such as salary earners, retirees, or small business owners.

What is a Mutual Fund?

A Mutual Fund, on the other hand, is a pooled investment vehicle that combines money from multiple investors to buy a diversified mix of assets; such as stocks, bonds, real estate, or other securities.

Unlike Money Market Funds, mutual funds can vary widely in risk and return depending on their focus. Some funds invest in equities (stocks), others in fixed income (bonds), and some combine both. Read more about mutual funds here.

Types of Mutual Funds in Nigeria:

• Equity Funds: Invest mostly in company stocks; higher risk, higher potential returns.

• Balanced Funds: Combine stocks and bonds to balance growth and stability.

• Bond Funds: Focus on government and corporate bonds for steady income.

Expected Returns:
Returns on mutual funds depend on market performance, but in Nigeria, equity or balanced funds can deliver 15% to 30% returns annually during strong market conditions; though they may also experience temporary dips.

Best for:
Long-term investors looking to build wealth, such as those saving for retirement, property, or future education expenses.

Key Differences Between Money Market Funds and Mutual Funds

Here’s a clear comparison to help you decide at a glance:

Both investments are great options; but they serve different purposes. Think of a Money Market Fund as your short-term safety net, and a Mutual Fund as your long-term growth partner.

Which One is Best for You?

Choosing between a money market fund and a mutual fund depends on your goals, your risk appetite, and your investment timeline. What do I mean?… Continue reading for clearer picture.

If You Value Safety and Quick Access:

Go for a Money Market Fund. WHY?
It’s ideal for:

• Emergency funds
• Saving for short-term goals
• Protecting your capital while earning decent returns

BUT…

If You Want Higher Returns and Can Handle Some Risk:

Choose a Mutual Fund. WHY?
It’s perfect for:

• Long-term wealth creation
• Beating inflation
• Investors willing to ride market ups and downs

As a Beginner Do This:

So, if you’re Just Starting Out: You can begin with a Money Market Fund and later diversify into Mutual Funds as your confidence and understanding grow.

WORTH NOTING: Many Nigerians use Money Market Funds as a “stepping stone” into the world of investments. Once comfortable, they expand into Mutual Funds or even direct stock investments.

Top Performing Funds in Nigeria

NOTE: Past performance is not a guarantee of future results. Always review the fund’s historical data, fees, and performance reports before investing. Below are few known reputable fund managers offering both Money Market and Mutual Funds here in Nigeria:

• Stanbic IBTC Asset Management Ltd. (Stanbic IBTC Money Market Fund): Known for stability and competitive yields.
• ARM Money Market Fund: Offers flexibility and reliable returns.
• FBN Smart Beta Equity Fund: Great for long-term investors looking for growth potential.
• Chapel Hill Denham Nigeria Bond Fund: Ideal for moderate risk investors seeking fixed-income exposure.

Pros and Cons Summary

Let’s see some of the pros and cons involve in the two.

Money Market Fund

Pros:

• Low risk and capital protection
• Steady income
• Easy access to funds

Cons:

• Lower returns compared to equities
• May not outpace inflation in the long term

Mutual Fund

Pros:

• Higher growth potential
• Diversification reduces overall risk
• Suitable for long-term goals

Cons:

• Returns fluctuate with market performance
• May require longer commitment to see gains

Tips for Nigerian Investors

Choosing the right fund is only half the battle. To truly grow your wealth and avoid common pitfalls, a smart approach is key. Here’s what every successful Nigerian investor needs to know.

1. Know Your Risk Appetite: Don’t invest blindly. Decide whether you prefer steady returns or long-term growth.

2. Check SEC Registration: Only invest in funds registered with the Securities and Exchange Commission (SEC).

3. Compare Fees and Performance: Management fees can eat into returns; choose funds with a strong track record and reasonable charges.

4. Reinvest Dividends: Let your earnings compound for faster growth.

5. Diversify: Mix both money market and mutual funds for balance between safety and performance.

Final Thoughts: Finding the Right Investment Fit

There’s no universal “best investment in Nigeria.” The right choice depends on your financial goals, time horizon, and risk comfort.

If your goal is preserving capital while earning better returns than a savings account, a Money Market Fund is your go-to.
But if you’re aiming for wealth creation and long-term growth, a Mutual Fund can offer that extra edge; with some patience and risk tolerance.

At the end of the day, the smartest investors in Nigeria aren’t those chasing quick profits, but those who invest consistently, diversify wisely, and stay informed.

The post Money Market Fund vs. Mutual Fund in Nigeria: Which One is Best for You? appeared first on AFRICA EXPLAINED.

If you are like me, who is constantly looking for a smart and stress-free way to grow my money? Investing in mutual funds in Nigeria is one of the safest and most effective ways to build wealth without the need for deep financial expertise. With professional fund managers handling your investments, you can sit back and watch your money work for you.

In this guide, we’ll break down everything you need to know about mutual funds, from how they work to how you can start investing today. Plus, we’ll share real-life examples of Nigerians who have successfully built wealth through mutual funds.

What Are Mutual Funds? (A Simple Explanation)

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. Instead of investing directly in stocks or real estate, mutual funds allow you to invest with little capital while benefiting from expert management.

Types of Mutual Funds in Nigeria

1. Money Market Funds – Low-risk funds that invest in short-term securities like Treasury Bills (T-Bills). Ideal for beginners.
2. Equity Funds – Invest in stocks and offer higher returns but with more risk.
3. Fixed Income Funds – Invest in government and corporate bonds. Suitable for risk-averse investors.
4. Balanced Funds – A mix of stocks and bonds for moderate risk and returns.

Example:

Jane, a Lagos-based teacher, started investing in a money market mutual fund with just ₦50,000. Within a year, she had earned 10% returns, outperforming her savings account.

Why Should You Invest in Mutual Funds?

1. Low Risk and Diversification – Your money is spread across different investments, reducing risks.
2. Affordable Entry – Start with as low as ₦5,000.
3. Professional Management – Experts handle your investment decisions.
4. Passive Income Generation – Earn returns without active involvement.
5. Liquidity – Easily withdraw your funds when needed.

Example:

David, an entrepreneur, started investing ₦100,000 in a fixed-income fund. Over three years, his investment grew by ₦50,000, helping him save for a car.

How to Start Investing in Mutual Funds in Nigeria (Step-by-Step Guide)

Step 1: Define Your Investment Goals

• Are you saving for a house, education, or retirement?
• How long can you keep your money invested?

Step 2: Choose the Right Mutual Fund Type

• Short-term goals? Go for Money Market Funds.
• Long-term growth? Choose Equity or Balanced Funds.
• Low-risk preference? Fixed Income Funds are best.

Step 3: Research and Compare Mutual Funds

• Look at past performance, fees, and risk levels.
• Use trusted sources like the SEC Nigeria website or fund providers’ reports.

Step 4: Open an Investment Account

• Where to invest: Banks (Stanbic IBTC, FBNQuest), Investment Firms (ARM, Meristem), Online Apps (Cowrywise, PiggyVest).
• Registration requires basic details and BVN.

Step 5: Fund Your Investment

• Start small and increase over time.
• Automate investments for consistency.

Step 6: Monitor and Adjust Your Portfolio

• Check returns regularly.
• Consider switching funds based on market trends.

Best Mutual Funds in Nigeria for Beginners

Example:

A student, Tunde, invested ₦20,000 in Stanbic IBTC Money Market Fund. After six months, he earned ₦1,600 in interest, more than what a bank savings account would offer.

Common Mistakes to Avoid When Investing in Mutual Funds

1. Not Setting a Clear Goal – Invest with a purpose in mind.
2. Ignoring Fund Fees – High management fees can reduce profits.
3. Withdrawing Too Early – Give your investment time to grow.
4. Investing in High-Risk Funds Without Research – Understand the risk before choosing a fund.

Example:

Emeka invested in an equity mutual fund without researching. When the market dropped, he panicked and withdrew at a loss instead of waiting for recovery.

Frequently Asked Questions (FAQs) About Mutual Funds in Nigeria

1. How much do I need to start investing?

• As low as ₦5,000, depending on the fund provider.

2. Can I lose money in a mutual fund?

• Yes, but risk depends on the fund type. Money Market Funds are the safest.

3. How do I withdraw my money from a mutual fund?

• Withdrawals can be made through your investment platform, usually within 24-48 hours.

4. Are mutual funds better than fixed deposits?

• Yes, mutual funds generally offer higher returns than fixed deposits.

Real-Life Example: How One Nigerian Built a ₦1 Billion Investment Portfolio

A real-life success story showcases how a Nigerian woman, a former accountant, built a diversified investment portfolio worth over ₦1 billion and retired comfortably at 53.

Her strategy involved consistent saving and strategic investments in real estate, government bonds, fixed deposits, and foreign exchange instruments.

She started by saving 40% of her income, gradually expanding her portfolio to include rental properties, stocks, and pension contributions.

By prioritizing long-term financial security and diversifying her assets, she created multiple income streams, including a ₦500,000 monthly pension.

Her key takeaways?

• Start early,
• invest consistently, and
• diversify your assets to secure a stable financial future.

That story wasn’t made-up; you can read the full story on Zikoko website here

Conclusion and Final Tips

Mutual funds are an excellent way for Nigerians to build wealth with minimal risk and effort. Whether you are a student, entrepreneur, or salary earner, you can start small and grow your investment over time.

Final Tips:

• Start with a Money Market Fund if you are a beginner.
• Be consistent and reinvest your earnings.
• Stay patient—investing is a long-term game.
• Follow and take advice from knowledgeable individuals in the finance field.
  • List of Individuals to follow [NOTE: You can’t go wrong with these people’s advice.]
    • FOLLOW Mr. Skolex onX (Formarly TWITTER)
    • FinGrip
    • Doyin TOYE | Subscribe to her YouTube Channel here

Ready to start investing? Research top mutual funds and take the first step toward financial freedom today!

The post Beginner’s Guide to Investing in Mutual Funds in Nigeria (With Real Examples) appeared first on AFRICA EXPLAINED.

A royal or “village rich man” will go ahead to acquire or purchase more lands whenever he feels the need to increase his net worth. Everyone aspired to own land or properties and those who couldn’t wish they had the means as these were believed to be the most tangible asset there is.

This demonstrates the significance of owning land at the time, which is also evident in the present day; land and properties are still regarded as valuable assets to own and pass down to future generations.

Over time, this ownership of land and property has evolved into “real estate”. In fact, the real estate we are buying now was originally an investment made by some of our ancestors back in those days.

What is an investment? – Investopedia defines an investment as the process of putting capital to use today in order to increase its value over time and gain profit.

Since humans are the most complex social animals, it goes without saying that we rarely come to a consensus on anything. But there is one thing about which everyone can agree: anything involving land or property (real estate) appreciates from the minute it’s being purchased.

Real estate has proven to be one of the most stable investments ever. A piece of land or property that costs 350,000 naira in 2020 cannot be the same price in the following year. It would have increased by at least 10%. Real estate has also been ranked as one of the safest and most lucrative investments. It is still the best investment you can make today, according to the Consumer News and Business Channel (CNBC).

Gone are the days when you needed a huge sum of money or a large deposit to become a real estate investor or lay claim to a property. With as little as 20,000 naira, you can now own a stake in real estate with Landpay. Landpay allows you to own properties with fellow investors i.e. landlords just like you. Landpay empowers every interested individual to own a share in the real estate market regardless of what they earn. The Landpay app allows users who are investors to earn interest on real estate from 20% to 30% in returns. In addition to these, you can also save to achieve your property goals on Landpay; that is save for your house rent, and office rent, among other things, while also earning interest on such savings.

On Landpay, you also have access to several real estates opportunities such as pre-vetted real estate and other real estate hot deals while you get to watch your funds grow.

You can decide not to be one of those who wished they could have invested in real estate but could not for one reason or the other. Take advantage of this opportunity to invest now in something tangible without going beyond your means.

Download the LandPay App on Google or Apple Play Store and start your real estate journey. Visit https://landpay.ng/ and check out our easy and affordable ways to invest in real estate. Follow us on Instagram & Twitter @mylandpay for more information.

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What Is A Hedge Fund?

A hedge fund is a partnership where private individuals and institutional investors pool money together, and then professional managers handle and invest the funds in a mixture of assets, using different strategies. These assets can range from stocks and bonds to foreign currencies and cryptocurrencies, but the goal of the investment is to maximize and earn high, above-average returns.

Because they are such (potentially) extremely high-return investments, hedge funds are also higher risk than other types of funds and usually require high-minimum investment. Despite the risk level, hedge funds appeal to wealthy investors because their managers have built reputations for impressive results in the private world of hedge fund investing.

Hedge funds are also attractive to investors because you can invest them in any asset with potential for high returns. It is not surprising, therefore, that with the massive returns generated, investors would pull crypto into their hedge fund.

What’s A Crypto Hedge Fund?

A crypto hedge fund is a hedge fund that invests in cryptocurrencies. Beyond buying and selling cryptos, these funds invest in crypto-based products and futures. Others go further to invest in venture capital and private equity for blockchain startups.

Some crypto hedge funds invest solely in crypto and digital assets. Others prefer a mixture of crypto investments and the usual traditional assets – stocks, bonds real estate, derivatives, e.t.c. However, although the latter group has less risk, it is not as profitable as the former.

It’s true that, currently, the amount in crypto funds investment is little compared to that of traditional hedge funds. Also, cryptocurrencies are currently a tiny percentage of the hedge fund industry. However, even the oldest, most traditional funds can predict its rise – with participation exponentially increasing every year. Many millennials and Gen Z-ers now prefer the “no-bank” route, and would rather save their funds in a cryptocurrency exchange. That’s why institutions and industries are forcefully considering cryptocurrency – and the perfect middle ground between the volatile crypto economy and the formal banking experience is hedge funding.

Advantages Of Investing In Crypto Hedge Funds

Is it worth investing in a crypto hedge fund? Oh, sure. A few reasons include:

• Their potential for astoundingly high returns. This is one of the major advantages of this fund. Managers of crypto hedge funds typically employ high-risk/high-return tactics, which can pay off massively. Pantera Capital is a good case study. Starting in June 2021 with a $600 million investment target, the fund is currently at $1.3 billion.
• Expansion – and reduction in excessive reliance on regular hedge funds. Beyond the assets in the traditional hedge fund (which can be quite over-saturated), a crypto hedge fund diversifies your portfolio assets and spreads out your eggs into many baskets – ultimately reducing risk to some extent.
• Management by skilled and expert professionals. Due to the high-risk level involved, crypto fund managers are highly experienced in navigating the volatile world of crypto. They guard the assets of naive investors from the scams and rug pulls the crypto world is known for.

Disadvantages Of Investing

• Restricted access for individuals who aren’t wealthy. The crypto hedge fund is tilted towards the high-worth clientèle. While people can purchase several cryptocurrency funds in any amount through their stock broker, a substantial minimum investment – ranging anywhere from $100,000 to $ 1 million – is required to participate.
• High fees. Crypto hedge funds charge managementandperformance fees. Management fees are typically up to 3% of your investment, and performance fees (which is their percentage charged on your positive investment return) can go as high as 50%!
• The double high-risk potential. The crypto market can be volatile on its own. Hedge fund investing is also typically high-risk. The combination of both can be combustible – and every potential investor must keep this in mind.

However, high risks precede high returns. Investing in a crypto fund hedge can be extremely profitable – especially when supervised by skilled, experienced managers.

The post What is a Crypto Hedge Fund? appeared first on AFRICA EXPLAINED.

If you are concerned about inflation damaging your savings, crypto investment in stablecoins can help hedge against inflation as they are pegged against the US dollar, and you can also earn up to 15% interest on your investment. 10 million Nigerian naira in 2015 was about $55,600, which was quite impressive for an average Nigerian. That same amount left in a bank to accrue compound interest at the prevailing rate of 1.5% will be worth about 11,098,449 naira today. This might sound good except that 11 million naira is only worth about $15,400 because the naira has been steadily loosing value against the dollar.

If such devaluation of your local fiat currency concerns you, Pillow offers a way to hold US dollar assets as well as earn interest on them. This is even more desirable considering the fact that in some countries like Nigeria, hoarding US dollars in a domiciliary account is technically illegal.

How does Pillow work?

Pillow is a digital asset management app that helps users get the best returns on their digital assets with none of the associated hassles. To start off, users can deposit their local fiat currency or transfer cryptocurrency from their existing crypto wallet.

Currently, users can earn up to 10.42% returns on their stable-coins, 6.02% returns on BTC and 6.03% returns on ETH.

Is Pillow.fund a legit platform?

Yes Pillow is a legit crypto currency management platform. Pillow is incorporated in Singapore and with a tech office in Bangalore, India. Some basic knowledge of crypto is needed, how they work and how they are traded should be researched before investing.

What other users are saying about Pillow.Fund

These are some of the challenges and reviews written by Android users on the Google play store;

Saurabh Singh Rajput wrote, “It’s a one way journey. You can only deposit, no way to withdraw. Just by writing that everything is working normally, doesn’t make things normal until our definitions are different. I have screenshot of the conversation with your support team & they haven’t replied to me on the question of withdrawal since 20 days now.”

vasanth kumar wrote, “Unable to withdraw since one and a half month. The prices have reached top and plummeted down. Still unable to make withdrawal. Would not recommend. And customer service is a joke, will only reply promptly if it’s resolvable otherwise no reply. But interest rates are great. Which is of no use if you can’t withdraw.”

anilkumar reddy wrote, “I made a transfer from my pillow wallet to another pillow wallet and funds got debited from my account and still it’s not credited to recipient and it’s not reversed to me also. I have sent a mail to the team several times but there is no use of that . This is the biggest fraudulent app pls don’t invest in this pillow app. Bcoz I lost nearly 100$ in this app. These guys are not responding to mails also.”

Bernard Chim wrote, “I’ve had the app for 3 months now and it works great. At first I had some depositing issues but that doesn’t seem to be a problem anymore. I understand people putting bad reviews after contacting support and not getting their money temporarily. It works great for me though, and the interest rates are extremely interesting!”

What Pillow.fund can improve?

Most of the experiences of users of the app seems to be more negative than positive, but the app is only a few months old and has about 10k downloads on the play store. Hopefully, there will be improvements as the owners study user data and grievances, here are the top challenges that can be improved.

• Poor customer service, most users complain that their complaints are unanswered as customer service does not respond to emails on time.
• Withdrawal process is very complicated, crypto transaction is usually slower than usual fiat transaction, but transactions on Pillow can be extremely slow that makes some users wonder if their monies is trapped for good.

How to withdraw from Pillow

Even though you can deposit your local fiat currency on Pillow, only Indian registered users can withdraw directly to their bank accounts. Users in other locations can only make withdrawal to a crypto wallet. You can withdraw your cryptos to a wallet like Binance and exchange it for your local fiat currency on their Peer-to-Peer market.

Here are the two options available for withdrawal on Pillow;

You can withdraw your funds to your wallet of choice:

Crypto withdrawal:

• You can withdraw your crypto into a wallet or exchange of your choice
• Enter the wallet address where you want to withdraw funds to and submit your withdrawal request
• The withdrawal request is processed and funds will be credited to the entered wallet address

Fiat Withdrawal (INR Only):

• You can swap your USDT to INR and withdraw it to your registered bank account from the Pillow app
• Go inside the USDx Case and click on Withdraw
• Choose the amount you want to withdraw in INR
• Enter the OTP received on your registered email address
• Your withdrawal should be on its way and credited to your registered bank account within 2 hours.

The post Pillow.fund review: Crypto Savings & Investment App appeared first on AFRICA EXPLAINED.

The platform was founded in 2019, and so far claims to have over 3 million investors across 5 continents. The founder is Dilawar Singh, an Indian Forex trader and cryptocurrency enthusiast. The company address is given as P.O Box 1510, Beachmont Kingstown, St. Vincent And The Grenadines.

Basically, Omegapro markets itself as a platform that takes the stress off you and helps you minimize your loss. So instead of trading Forex yourself, the Company through its broker trades for you and gives you 0.405 percent of your money daily which amounts to 10–11 percent every month. The investment period is 16 months and you can withdraw your Returns whenever you like provided it gets to a sizeable amount of money, you have no restrictions whatsoever.

Now if all these sounds way too good to be true, that is because it is way too good to be true.

Is OmegaPro investment a scam?

OmegaPro investment is a Ponzi. To understand this, you have to understand how the platform is structured to make money.

OmegaPro offers investors a promise of making up to 10% returns on their investments from trading in the highly volatile Forex market. Though the platform claims that it uses AI to trade the Forex market, still making 10% monthly profit for millions of people is just way too good to be true.

Secondly, the platform operates a referral system where existing members get as much as 7% of the investment of every new member they register on the platform. Members are encouraged to ‘build the business’, this is most likely how you heard about the platform, from existing members who need you to register and invest so they can get 7% of your investment as referral bonus.

Between offering a too good to be true ROI and operating a multilevel marketing MLM, where the higher you invest the more money your sponsor stands to make, it can be concluded that OmegaPro investment is a high risk Ponzi.

FAQs

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Stellargain.net is a Nigerian website where participants are promised daily returns, with all they have to do is just to pay a registration fee of N1500 and N5000. Obviously, the more money you registered with, the higher you earn from the daily cash “mining” going on on the platform.

This is a Ponzi scheme, those who register early enough might be able to cash out while others coming, later on, will ultimately lose out. But most people already know this, the friend who sent me the link to the platform advised me as much, register and cash out quickly before it crashes was the caveat that came with the link.

One might wonder, why would anyone be willing to gamble on an “investment” they know it’s only a matter of time before it crashes and everyone loses their money? Perhaps it’s just greed, people that want wealth without work. Or perhaps it’s due to the poor state of the country’s economy, there aren’t that many legitimate investments and money-making opportunities in Nigeria.

Don’t judge a book by it’s cover

The website of stellargain.net is very clean and well designed, it looks like a website someone running a legitimate business would design. Except it isn’t, platforms that don’t have a clearly spelt out way of making money are mostly Ponzis, this website simply tells its “investors” that they are making money from daily “mining”. Mining of what exactly? don’t ask too many questions, just pay your registration fee and hope that your friends will also pay without asking questions. The perfect definition of the grater fool theory.

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Every Kilimanjaro restaurant location also comes attached with a Pizza Jungle store that sells different flavors of pizzas and a Killigrill that sells Shawarmas and other pastries. All three stores usually operates concurrently from the same location as a part of the Sundry Foods’ restaurant brands.

Kilimanjaro has been in existence since 2004, and is working to ensure there is a restaurant in every major city in Nigeria.

Kilimanjaro restaurant menu

The Kilimanjaro restaurant menu consists of popular Nigerian and continental dishes. The menu can be divided into 5 categories which include;

MEALS

• White Rice And Stew
• Ofada Rice & Sauce
• Fried Plantain (Dodo)
• Unripe Plantain Pottage
• Pasta (Spaghetti)
• Chinese Rice
• White Yam
• Fried Rice
• Salad
• Moi Moi (Leaf)

PASTRIES

• Chicken Pie
• Sausage Roll
• Family bread Loaf
• Doughnut

Drinks

• Pet Bottle Drink
• Hollandia Yoghurt
• Table Water

SWALLOWS & SOUPS

• Eforiro Soup
• Pounded Yam
• Afang Soup
• Semovita
• Egusi Soup
• Edikaikong Soup

PROTEINS

• Goat Meat
• Dried Catfish In Sauce
• Beef Kebab
• Cat Fish In Sauce
• Cow Head
• Fried Turkey
• Beef

All prices and availability can be confirmed via the Kilimanjaro restaurant online menu page.

Kilimeals online app

The Kilimeals smartphone app is an online app customers can use to order food from the Kilimanjaro restaurant nearest to them in their city. The app so far has 10k downloads on Playstore but with discouraging reviews from users.

What other customers are saying about Kilimanjaro restaurant app

Ayegbonsi, wrote, “Please you people need to work on this app sometimes when u open the app u won’t be able to choose different restaurant just a far restaurant will be available and sometimes no restaurant will just show it really frustrating.”

One customer wrote, “Placed an order by 11am someone called me and told me I’ll get a rider soon. 1:30 no one called and I called again heard the person that took my order was off the shift.”

Another customer wrote, “Took such a long time to assign a rider to the order. Then the rider told me that the delivery price is different from what’s on the app. Terrible customer service, didn’t pick up. Then declined the calls.” Read more customer reviews here.

FAQs

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Another football season will soon be upon us starting in August. As clubs and players prepare to make big money deals, fans of the game can also earn extra cash in addition to the excitement the games already bring.

For those unfamiliar with the FPL – it is a game played on the official website of the English Premier League, where players get to select 15 players from the league and earn points corresponding to their players’ performance in the match week. It is an exciting and engaging way to demonstrate knowledge of the league by predicting the top performers of each week. FPL registration is free and open to everyone, plus there are prizes for the highest point earners of each match week, month and the overall best.

Here are ways you can make money from fantasy football:

1. Register for the FPL

When you register your 15-man FPL squad on the official website of the English Premier League, you stand a chance of winning exciting rewards. The FPL does not offer cash rewards but you can win other prizes including keychains, water bottles, game consoles, and even an all-expenses-paid vacation to England if you have more fantasy points than other players.

2. FPL influencer

Influencers on the internet generally make a lot of money, and being an FPL influencer can be especially rewarding. Influencers who are popular on social media for sharing FPL tips can earn revenue from ads. But to be an FPL influencer, you have to be good at predicting and analyzing the game. This can be rewarding if you can dedicate the time and you are good in analyzing stats.

3. Blogging

Closely related to making money by being an influencer on social media is creating and running a blog dedicated to FPL topics. About 9 million players are expected to register for FPL this season, which means there will be plenty of people searching for answers to their FPL related questions. A well optimized blog with Google AdSense ads that answers such questions can be a goldmine for the owner.

4. Betting

It is possible to bet on Fantasy Premier League. There are platforms that allow punters to put up their FPL teams against that of other punters with a wager. All the wagers are accumulated with the team with the highest FPL points at the end of each game week, month or overall winning the bet as determined by the platform. Although, FPL betting is relatively less popular compared to traditional betting, it can be rewarding for those interested in it.

FPL doesn’t have to be just thrilling as you follow the ups and downs of your favorite teams, it can also make you some money as well as create employment opportunities for others in your community.

FAQ

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