Economy

5 Things to Know About InvestNow

Published

7 years ago

21/02/2019

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.

Economy

Customs Street Chalks up 1.08% on Renewed Buying Pressure

Published

8 hours ago

06/12/2025

Dipo Olowookere

By Dipo Olowookere

A 1.08 per cent growth was further printed by the Nigerian Exchange (NGX) Limited on Friday on improved appetite for Nigerian stocks.

Data showed that the insurance sector lost 0.61 per cent yesterday due to profit-taking as the energy space gave up 0.08 per cent, while the commodity counter closed flat.

However, the industrial goods landscape appreciated by 2.06 per cent, the banking index improved by 1.31 per cent, and the consumer goods sector expanded by 0.83 per cent.

At the close of business on Customs Street, the All-Share Index (ASI) increased by 1,563.92 points to 147,040.07 points from 145,476.15 points and the market capitalisation went up by N996 billion to N93.722 trillion from N92.726 trillion.

UAC Nigeria led the advancers’ log yesterday after it grew by 10.00 per cent to N96.80, Transcorp Hotels jumped by 9.71 per cent to N172.80, Royal Exchange appreciated by 8.89 per cent to N1.96, Ikeja Hotel soared by 8.74 per cent to N31.10, and Veritas Kapital leapt by 8.07 per cent to N1.74.

On the flip side, Union Dicon declined by 10.00 per cent to N6.30, ABC Transport slipped by 9.88 per cent to N3.10, AXA Mansard depreciated by 7.19 per cent to N12.90, FTN Cocoa lost 4.62 per cent to trade at N4.75, and Guinea Insurance dropped 3.36 per cent to finish at N1.15.

A total of 38 stocks ended on the gainers’ table and 17 stocks finished on the losers’ table, representing a positive market breadth index and strong investor sentiment.

Traders transacted 361.6 million equities for N14.8 billion in 21,051 deals yesterday versus the 1.9 billion equities worth N19.2 billion traded in 23,369 deals a day earlier, showing a decline in the trading volume, value, and number of deals by 80.97 per cent, 22.92 per cent, and 14.20 per cent, respectively.

The busiest stock for the session was Zenith Bank with 59.5 million units worth N3.6 billion, Access Holdings traded 46.1 million units valued at N973.0 million, Fidelity Bank exchanged 29.4 million units for N560.4 million, FCMB transacted 27.9 million units worth N293.9 million, and Tantalizers sold 13.0 million units valued at N29.8 million.

Economy

Nipco, 11 Plc Crash OTC Securities Exchange by 4.76%

Published

9 hours ago

06/12/2025

Adedapo Adesanya

By Adedapo Adesanya

Energy stocks influenced the 4.76 per cent loss recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Friday, December 5.

The culprits were the duo of 11 Plc and Nipco Plc,with the former shedding N32.17 to end at N291.83 per share compared with the previous day’s N324.00 per share, and the latter down by N21.00 to sell at N195.00 per unit versus the previous session’s N216.00 per unit.

Consequently, the NASD Unlisted Security Index (NSI) slumped by 170.16 points to 3,401.37 points from 3,571.53 points and the market capitalisation lost N101.81 billion to close at N2.035 billion from the N2.136 trillion quoted in the preceding session.

The OTC securities exchange suffered the decline yesterday despite the share prices of three companies closing green.

Central Securities Clearing System (CSCS) Plc was up by N1.80 to close at N39.80 per share compared with Thursday’s price of N38.00 per share, Air Liquide Plc appreciated by N1.09 to N11.99 per unit from N10.90 per unit, and FrieslandCampina Wamco Nigeria Plc grew by 78 Kobo to N56.57 per share from N55.79 per share.

During the session, the volume of transactions rose by 6,885.3 per cent to 18.2 million units from 4.3 million units, the value of transactions ballooned by 10,301.7 per cent to N389.7 million from N347.2 million, but the number of deals declined by 29.7 per cent to 26 deals from 37 deals.

Infrastructure Credit Guarantee Company (InfraCredit) Plc ended the day as the most traded stock by value on a year-to-date basis with 5.8 billion units worth N16.4 billion, followed by Okitipupa Plc with 170.4 million units valued at N8.0 billion, and Air Liquide Plc with 507.5 million units worth N4.2 billion.

InfraCredit Plc also finished the day as the most traded stock by volume on a year-to-date basis with 5.8 billion units transacted for N16.4 billion, followed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.2 million, and Impresit Bakolori Plc with 536.9 million units worth N524.9 million.

Economy

Naira Depreciates to N1,450/$1 at Official Forex Market

Published

9 hours ago

06/12/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira depreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, December 5, as FX demand pressure mounts.

The Nigerian currency lost N2.60 or 0.18 per cent against the greenback to close at N1,450.43/$1 compared with the previous day’s N1,447.83/$1.

Equally, the domestic currency declined against the Pound Sterling in the official forex market during the session by N4.48 to trade at N1,935.45/£1, in contrast to Thursday’s closing price of N1,930.97/£1 and shrank against the Euro by 43 Kobo to end at N1,689.17/€1 versus the preceding session’s rate of N1,688.74/€1.

Similarly, the local currency performed badly against the US Dollar at the GTBank FX counter by N2 to close at N1,455/$1 versus Thursday’s N1,453/$1 but traded flat at the parallel market at N14.65/$1.

As the country gets into the festive period, pressure mounted on the local currency reflecting higher foreign payments and lower FX inflows.

However, there are expectations that the Nigerian currency will be stable, supported by interventions by to the Central Bank of Nigeria (CBN) in the face of steady dollar Demand and inflows from Detty December festivities that will give the Naira a boost after it depreciated mildly last month.

Traders cited by Reuters expect that the Naira will trade within a band of N1,443-N1,450/$1 next week, buoyed by improved FX interventions by the apex bank.

As for the crypto market, it was down yesterday due to profit-taking associated with year-end trading. However, the December 1-Year Consumer Inflation Expectation by the University of Michigan fell to 4.1 per cent from 4.5 per cent previously and 4.5 per cent expected. The 5-Year Consumer Inflation Expectation fell to 3.2 per cent from 3.4 per cent previously and 3.4 per cent expected.

With the dearth of official economic data of late, these private surveys have taken on a new level of significance and the market banks of them to make decisions.

Cardano (ADA) depreciated by 5.7 per cent to $0.4142, Dogecoin (DOGE) slid by 5.1 per cent to $0.1394, Ethereum (ETH) dropped by 3.9 per cent to $3,039.75, Solana (SOL) declined by 3.8 per cent to $133.24, and Litecoin (LTC) fell by 3.7 per cent to $80.59.

Further, Bitcoin (BTC) went down by 2.6 per cent to sell at $89,683.72, Binance Coin (BNB) slumped by 2.2 per cent to $883.59, and Ripple (XRP) shrank by 2.1 per cent to $2.04, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.