Economy
5 Things to Know About InvestNow
Even though we’ll hardly ever talk about it openly, lots of people, young and old, are constantly worried about money. Do I have enough? How long do I have to save for? Why does my money run out so quickly? What can I do to make more money?
We frequently find that we are able to make accurate budgets, and financial plans, but the headache comes when it’s time to live by these budgets. So, how do we manage our money such that we can support our expenditure with our income, and still be able to put something away as savings? Furthermore, how can we ‘sweat’ our savings as it were, such that the money we have saved can bring in more money? Saving and investing are very important habits to develop for people looking to be more financially free, and one such solution is the InvestNow digital platform. InvestNow offers you a variety of investing options depending on your specific financial goals, your appetite for risk and how long you are looking to invest for.
Here are 5 things about InvestNow that you need to know, as you begin your investing journey:
Premium all-in-one investing platform:
The robust bouquet of investment products available on the platform caters to prospective investors with all kinds of needs and appetites. From university students, to young workers, to high net worth individuals, to corporate clients. Everyone will find a product that suits his or her needs and kickstart a strong investment portfolio. On top of this, InvestNow is powered by United Capital Plc, an investment banking, asset management, trustees and securities company with operations spanning more than 50 years. They provide technical support and financial advisory services to clients to ensure that a client is paired with the right investing instrument.
Capital Preservation:
Some products available on InvestNow offer capital preservation, which is essentially an assurance that regardless of market flows and ebbs, the initial money invested by the client is secure. This means that if you invest 10 thousand naira on a product with capital preservation, your 10 thousand naira is safe, will not diminish and can be liquidated at any time.
Recurrent Funding:
Recurrent funding is a feature that allows you to connect your regular checking account to your InvestNow account and authorize InvestNow to receive a stipulated amount from your regular account into your investment at regular intervals. This helps you make regular investments without any extra effort on your part. In actual practice, it requires some discipline to constantly invest a certain amount on a regular basis, so the Recurrent Funding feature is valuable, convenient and in your best interest. It is also flexible, as you can mandate InvestNow to collect funds from your account regularly but skip a particular day, week or month, perhaps for emergency reasons.
Live Trading with Stock Recommendations:
Before now, if you were interested in investing and trading on the stock market, you would need to constantly watch the news for changes in prices of stocks. If you either buy or sell stocks, you would have to send a mail to the customer care centre of your investing house. However, with Investnow an individual can monitor and get live trading stock recommendations which they can use to make urgent purchases of stocks they are interested in.
Secure, high fidelity investing from your phone:
We have come a long way from the days of long queues at the banking halls to withdraw cash, to long queues at the ATM machine to withdraw cash (these queues persist sometimes, sadly). Now, you can invest money in lucrative stocks or mutual funds from your mobile phone. InvestNow has simply leveraged on the prevalent technology of mobile to facilitate a lot of these investing processes. One shining example is the Money Market Fund. You can download the InvestNow mobile app, subscribe to the fund with the sum of N10,000, make investments in the fund, and receive updates on your returns on a regular basis, without having to see a single staff or walk into any of our offices. Also, because the investment products on InvestNow are regulated, there are no hidden charges and the whole process flows with the highest integrity.
When it comes to investing, the InvestNow digital platform provides a solid list of products to choose from, ease of use, and a willing, experienced guidance system. These assets make all the difference to new investors and subsisting investors that need to make the Intelligent choice as it relates to their finances. They are the promise of an exciting journey for the customer.
By Adedapo Adesanya
The duo of MRS Oil and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.68 per cent on Friday, June 5.
MRS Plc lost N19.00 during the session to sell at N171.00 per share compared with Thursday’s value of N190.00 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by N8.70 to finish at N181.68 per unit compared with the preceding session’s N190.38 per unit.
As a result, the market capitalisation further lost N22.59 billion to close at N2.607 trillion versus the N2.630 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropped 37.76 points to settle at 4,358.32 points, in contrast to the previous day’s 4,396.08 points.
The alternative stock market closed the last trading day of this week with a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 6 Kobo to quote at N78.40 per share compared with the preceding session’s N78.34 per share. However, it could not prevent the market from going down at the close of business.
Yesterday, the volume of securities bought and sold by investors went down by 50.0 per cent to 140,345 units from the preceding day’s 280,714 units, the value of stocks decreased by 16.5 per cent to N17.9 million from the previous session’s N21.5 million, and the number of deals carried out by market participants fell by 35.7 per cent to 27 deals from the 42 deals recorded on Thursday.
When trading activities closed for the day, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 64.7 million units traded for N4.4 billion.
GNI Plc also ended the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
By Dipo Olowookere
Renewed interest in financial stocks and others lifted the Nigerian Exchange (NGX) Limited by 0.15 per cent on Friday.
Customs Street closed higher yesterday despite the 1.37 per cent loss recorded by the consumer goods sector as a result of profit-taking.
This was offset by gains in the other key sectors of the local bourse, as the insurance counter chalked up 1,14 per cent. The banking space appreciated by 0.90 per cent, the industrial goods segment grew by 0.46 per cent, and the energy sector expanded by 0.01 per cent.
Consequently, the All-Share Index (ASI) went up by 366.00 points to 242,593.31 points from 242,227.31 points, and the market capitalisation gained N235 billion to close at N155.594 trillion compared with the previous day’s N155.359 trillion.
The trio of International Energy Insurance, Abbey Mortgage Bank, and DAAR Communications improved by 10.00 per cent each yesterday to N7.26, N9.35, and N1.98, respectively, while Zichis advanced by 9.39 per cent to N32.38, with Sovereign Trust Insurance up by 8.70 per cent to N2.50.
On the flip side, Academy Press lost 9.84 per cent to quote at N8.25, University Press depreciated by 9.73 per cent to N5.10, Africa Prudential dipped by 2.63 per cent to N12.95, Chams crumbled by 2.44 per cent to N4.00, and International Breweries slipped by 1.59 per cent to N12.35.
Business Post reports that the market breadth index was positive during the session after recording 37 appreciating equities and 14 depreciating equities, implying strong investor sentiment.
Abbey Mortgage Bank led the activity chart with a turnover of 164.1 million units worth N1.5 billion, Ellah Lakes sold 76.7 million units for N767.2 million, Access Holdings transacted 44.8 million units valued at N1.1 billion, Linkage Assurance exchanged 23.0 million units worth N41.2 million, and The Initiates traded 20.2 million units for N562.1 million.
At the close of trades, market participants transacted 608.5 million units worth N32.0 billion in 53,826 deals versus the 588.5 million units valued at N27.9 billion executed in 57,352 deals in the previous session. This showed that the number of deals eased by 6.15 per cent, the volume of transactions rose by 3.40 per cent, and the value of transactions soared by 14.70 per cent.
By Adedapo Adesanya
The Naira further depreciated against the United States Dollar by N3.46 or 0.25 per cent to N1,362.21/$1 from N1,358.75/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, June 5.
However, it appreciated against the Pound Sterling in the same market window during the session by N4.47 to trade at N1,823.59/£1 compared with the previous day’s N1,828.06/£1, and gained N7.00 against the Euro to sell at N1,574.58/€1, in contrast to Thursday’s closing price of N1,581.58/€1.
For another trading session, the Nigerian Naira maintained stability against the Dollar in the parallel market and the GTBank forex counter on Friday at N1,375/$1 and N1,372/$1, respectively.
The Naira is expected to remain strong in the near term, backed by a rise in external reserves, which are nearing $50 billion, enhancing analysts’ confidence about its outlook in the second half of 2026.
Heightened global uncertainty has reduced the incentive for importers and corporates to demand FX, as cautious trade weighs on import needs. Analysts estimate a $40 billion net FX position for the year, a projection anchored in oil windfall gains.
As for the cryptocurrency market, prices remained depressed following a strong US jobs report that spurred markets to price in higher-for-longer interest rates, sending Treasury yields and the dollar up while hammering stocks, especially AI-related names. Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours.
Ethereum (ETH) gave up 4.9 per cent to trade at $1,584.68, Solana (SOL) fell by 3.3 per cent to $63.22, Bitcoin (BTC) crashed by 1.9 per cent to $61,333.23, Dogecoin (DOGE) slipped by 1.8 per cent to $0.0821, and Ripple (XRP) moderated by 1.8 per cent to $1.09.
Further, TRON (TRX) dropped 1.6 per cent to sell at $0.3197, Binance Coin (BNB) slumped by 1.0 per cent to $581.18, and Cardano (ADA) declined by 0.4 per cent to $0.1589, while the US Dollar Tether (USDT) gained 0.07 to sell at $0.9997, and US Dollar Coin (USDC) closed flat at $0.9998.
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