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

NASD Exchange Extends Bearish Run After 0.56% Drop

Published

14 hours ago

03/04/2026

Adedapo Adesanya

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the south territory with a decline of 0.56 per cent on Wednesday, April 2.

This brought down the market capitalisation by N13 billion to N2.417 trillion from N2.430 trillion, and downed the NASD Unlisted Security Index (NSI) by 22.57 points to 4,062.87 points from the previous session’s 4,062.87 points.

It was observed that the NASD exchange ended with three price gainers and three price losers during the trading day.

MRS Oil Plc depreciated by N19.00 to close at N171.00 per unit compared with the previous price of N190.00 per unit, NASD Plc lost N4.14 to trade at N37.36 per share compared with Wednesday’s N41.50 per share, and Central Securities Clearing System (CSCS) Plc gave up N2.00 to sell at N78.00 per unit versus N80.00 per unit.

On the flip side, FrieslandCampina Wamco Nigeria Plc appreciated by 19 Kobo to N93.00 per share from N92.81 per share, Food Concepts Plc expanded by 15 Kobo to N2.87 per unit from N2.72 per unit, and Great Nigeria Insurance (GNI) Plc improved by 2 Kobo to 52 Kobo per share from 50 Kobo per share.

Yesterday, the volume of securities dipped by 91.8 per cent to 260.2 million units from 3.2 billion units, the value of securities went down by 98.1 per cent to N154.2 million from N8.3 billion, while the number of deals soared by 53.3 per cent to 46 deals from 30 deals.

GNI Plc was the most active stock by value on a year-to-date basis with 3.4 billion units worth N8.4 billion, followed by CSCS Plc with 56.9 million units valued at N3.9 billion, and Okitipupa Plc with 27.5 million units traded for N1.8 billion.

The most traded stock by volume on a year-to-date basis was also GNI Plc with 3.4 billion units sold for N8.2 billion, trailed by Resourcery Plc with 1.1 billion units exchanged for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.

Economy

Naira Slips to N1,380/$1 at Official Market, Remains N1,405/$1 at Black Market

Published

14 hours ago

03/04/2026

Adedapo Adesanya

By Adedapo Adesanya

The Naira dropped N2.09 or 0.15 per cent against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, April 2, to trade at N1,380.79/$1 compared with Wednesday’s rate of N1,378.70/$1.

However, it appreciated against the Pound Sterling in the official market by N2.77 to quote at N1,824.86/£1 versus the N1,836.57/£1 it was traded at midweek, and improved its value against the Euro by N10.54 to N1,591.92/€1 from N1,602.46/€1.

Yesterday was the last trading session of the week for the local currency in the spot market, as the market will be closed on Friday and Monday for the Easter Holiday.

At the black market, the Nigerian Naira maintained stability against the greenback yesterday at N1,405/$1, but gained N8 at the GTBank FX counter to settle at N1,388/$1, in contrast to the previous session’s N1,396/$1.

Pressure eased on the domestic currency as strong policy indicators have helped calm the majority of worries within the financial systems. Particularly in the remittance segment, the apex bank has directed all International Money Transfer Operators (IMTOs) to route remittance transactions through designated Naira settlement accounts in banks, a move aimed at boosting transparency and channelling more foreign exchange into the formal market.

This helps take off pressure from the foreign reserves, which have fallen below the $50 billion mark as they are gradually decreasing rather than falling sharply.

Meanwhile, the cryptocurrency market was bullish on Thursday, as macro sentiment shifted against recent optimism after reports that Iran is drafting a protocol with Oman to manage traffic through the Strait of Hormuz, easing concerns about disruptions to a key global oil route.

The remarks came after U.S. President Trump on Wednesday night vowed to hit Iran “extremely hard” in the coming weeks and that the Strait of Hormuz would “open naturally” once the war ends.

Cardano (ADA) chalked up 1.9 per cent to trade at $0.2435, Dogecoin (DOGE) grew by 1.2 per cent to $0.0912, Ethereum (ETH) appreciated by 0.8 per cent to $2,066.37, Bitcoin (BTC) added 0.5 per cent to sell at $67,080.53, Solana (SOL) increased by 0.5 per cent to $79.91, and Ripple (XRP) jumped 0.2 per cent to $1.31.

Conversely, Binance Coin (BNB) dipped 0.7 per cent to $586.90, and TRON (TRX) depreciated by 0.3 per cent to $0.3147, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.

Economy

Bulls, Bears Share Customs Street’s Spoils Amid Bullish Investor Sentiment

Published

15 hours ago

03/04/2026

Dipo Olowookere

By Dipo Olowookere

The local stock market was relatively flat on Friday, as the bears and the bulls shared the spoils of war, though investor sentiment turned bullish compared with the preceding session’s bearish posture.

Data from the Nigerian Exchange (NGX) Limited showed that the All-Share Index (ASI) was marginally down by 4.66 points as it ended at 201,698.89 points versus Wednesday’s 201,703.55 points, and the market capitalisation slightly contracted by N3 billion to N129.806 trillion from N129.809 trillion.

Customs Street was shut on Friday because of the public holidays declared by the federal government today and next Monday.

Business Post reports that John Holt declined by 9.91 per cent to N15.45, Abbey Mortgage Bank shed 9.60 per cent to trade at N8.95, International Energy Insurance slipped by 6.48 per cent to N3.32, Chams shrank by 5.30 per cent to N3.75, and Tantalizers depreciated by 5.18 per cent to N4.03.

On the flip side, Unilever Nigeria improved by 10.00 per cent to N103.40, Fortis Global Insurance gained 9.82 per cent to trade at N1.23, Multiverse appreciated 9.81 per cent to N20.15, Legend Internet advanced by 9.38 per cent to N6.30, and Zichis grew by 9.02 per cent to N14.14.

The market breadth index was positive during the trading session, as there were 35 appreciating stocks and 24 depreciating stocks.

Yesterday, investors traded 560.0 million equities valued at N19.3 billion in 49,676 deals, in contrast to the 815.5 million equities worth N33.3 billion transacted in 52,641 deals in the preceding day, representing a drop in the trading volume, value, and number of deals by 31.33 per cent, 42.04 per cent, and 5.63 per cent, respectively.

Secure Electronic Technology dominated the activity log with 59.7 million shares valued at N61.1 million, Wema Bank exchanged 52.0 million equities worth N1.4 billion, VFD Group transacted 36.0 million stocks for N410.5 million, Access Holdings sold 35.3 million shares valued at N914.8 million, and Chams traded 31.0 million equities worth N115.0 million.