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Investment in a COVID-19 World: What you must know and do (Conversational chat session)

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4 years ago

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On the 9th of September 2020, Anchoria Asset Management engaged its followers on LinkedIn and provided answers to key financial investment questions, especially, as it relates to investing in a COVID-19 period.

The Financial Fitness Chat session helped participants understand the principle of how, when, where and what to invest depending on individualist approach and capacity. In a conversational chat tone, Ms Ete Ogun, MD of Anchoria Asset Management Limited was able to engage participants on the group and provided bespoke responses during the session:

In the light of the covid-19 pandemic and its effect on the Nigerian business environment, what alternative investments opportunities exists out there, especially for working class professionals?

The alternatives are investing in growth companies which means you must have research on their products, people and process

I assume this applies to long term investments. Are there any profitable short-term investment alternatives available at this time?

Short term and profitable don’t actually go hand in hand for investment. Short term can have competitive yields. Competitive yields are returns which outperform current short-term government instruments for instance 91 days treasury bills. This is currently at 1.2%. If you get any return above 2.8% to 3% then it is competitive.

I know firms (including investment brokers like yours) are affected by this pandemic, what structure or structures do you have in place to help safeguard investor funds and help protect us from the effect this pandemic will have on investments?

Thank you for your question. The structures around safeguarding investors funds are diversification and asset allocation. Break down your investment objectives into timelines and invest based on those timelines i.e. short needs money market investment, medium needs money market/ fixed term investment and equity funds for longer tenured objectives. I believe that your funds will be very safe.

Another question from my end, do you have investment plans for Nigerians in the diaspora? Must BVN be subscribed to or my non-Nigerian bank can be used for the transactions?

There is the issue of regulation across jurisdictions. However, we do have investment products for Nigerians in Diaspora in country. You are at liberty to use a local or foreign bank provided that the documentation for each location is supplied appropriately.

Good day team, I so much appreciate this initiative. It is a way out for most of us in this pandemic period. Please I will like to know how I can invest for my kids.

Thank you for your question sir. You can invest periodically in the mutual funds especially the Equity Fund because its a good store of money value. It is also favourable because the initial investment is as low as N5000.00.

You can go to www.anchoriaam.com and get further directions or speak to our Client Relations Officer. The reward is immeasurably especially when you start keep at the investment plan over time

In view of the current economic uncertainty, is it advisable to hold FX denominated investment in order to edge against inflation or devaluation?

Thank you for your question sir. This is a tricky question. I will ask if you have dollar obligations? You wont have any near term need for the funds in foreign currency? If the answer is no then its not a real investment option for you simply because the returns for these can be lower than Naira and any conversion before the expected deregulation can cause a huge drop in your expected return.

How do we then “research on their financial products, people and process”. I mean for laymen like us who don’t have deep knowledge of the sector. Is that an aspect Anchoria can take care of as well?

It is aspect Anchoria can work with you. The goal is to partner to achieve your financial objectives.

Post Covid-19 Era makes my savings in the bank useless; please what investment can help me out? It can be long time I don’t mind.

You should diversify your investment holdings. For your immediate needs within one year invest in Anchoria Money Market Fund. For your 1- 3 years need invest in the Anchoria Fixed Income Fund and your bigger longer tenored objectives say 5-7 years invest in Anchoria Equity Fund.

Financial Fitness chat with Anchoria Asset Management is an open Group on LinkedIn where members can learn about investment opportunities and connect with investment experts.

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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From Ankara to Amala: Owambe Party unveils Christmas Edition for party lovers in Lagos

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6 hours ago

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November 16, 2024

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“From Ankara to Amala: Owambe Party unveils Christmas Edition for party lovers in Lagos

 

Imagine a night where Aso Ebi slays meet twinkling lights, where the beats of Afrobeat and Highlife are spiced with electrifying performances ready to get your hips moving.

Get ready for the biggest and most unbeatable vibes at the 2024 Owambe party happening on the 15th of December 2024! at Amore gardens, Lekki phase1 proudly brought to you by Spotlight by Mmakamba.

The Owambe Party Christmas edition promises a night filled with vibrant entertainment, music, food and jaw dropping fashion with electrifying performances from award winning artists and celebrity DJs that will keep you dancing all night long!

This season’s ultimate turn-up is happening, and you’re invited to soak in the magic of Unbeatable Owambe Party vibes with all the flair and flavor you can handle.

Expect unlimited mouth-watering Jollof rice, smoky suya, and small chops paired with the finest palm wine and cocktails, because no party experience can match the Owambe Party.

Mark your calendars, save the date! December 15th will be a masterpiece!

For inquiries and reservation, follow us on Instagram: @SpotlightByMmakamba and @TheOwambeParty.

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Appeal Court Removes MC Oluomo, Reinstate Baruwa

Published

8 hours ago

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November 16, 2024

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Appeal Court Removes MC Olumo, Reinstate Baruwa

Appeal Court Removes MC Oluomo, Reinstate Baruwa

 

 

The Appeal Court in Abuja has announced Alhaji Tajudeen Ibikunle Baruwa as the lawful President of the National Union of Road Transport Workers (NURTW).

Appeal Court Removes MC Olumo, Reinstate Baruwa

It can be recalled that Musiliu Ayinde Akinsanya, popularly known as MC Oluomo, was days ago inaugurated as NURTW president.

The recent decision came after the court reviewed and upheld an earlier ruling by the National Industrial Court.

The initial judgment, delivered on March 11, 2024, recognized Baruwa as the rightful president of the union. However, an appeal was filed by Alhaji Najeem Usman Yasin, Alhaji Tajudeen Agbede, and their supporters. They argued against the Industrial Court’s decision but were unsuccessful in convincing the appellate court.

A three-member panel of justices, Hamma Akawu Barka, Nnamdi Dimgba, and Asmau Ojuolape Akanbi, ruled that the appeal lacked merit. The court declared Baruwa as the elected leader of NURTW and dismissed the challenge brought forward by MC Oluomo’s faction.

In addition to confirming Baruwa’s position, the Appeal Court ordered the appellants, who are supporters of MC Oluomo, to pay N100,000 as damages to the respondents.

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Where To Be On Xmas Day : “King Saheed Osupa Headlines Exclusive White Agbada Party This Christmas

Published

12 hours ago

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November 16, 2024

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Where To Be On Xmas Day : “King Saheed Osupa Headlines Exclusive White Agbada Party This Christmas“

Lagos is gearing up for an unforgettable evening of elegance and celebration as the Friends of Osupa announce the Exclusive White Agbada Party – Xmas Edition, a premium event that promises to be the highlight of this festive season.

The event, scheduled for Wednesday, December 25, 2024, will take place at the prestigious Oriental Hotel Banquet Hall, starting at 6 PM. Known for its luxurious ambiance and world-class service, the venue sets the tone for what will undoubtedly be a night of sophistication and cultural pride.

This year’s edition, aptly themed around the timeless white agbada, invites attendees to celebrate Nigeria’s rich cultural heritage while embracing the spirit of Christmas. Guests are encouraged to adorn their finest white agbada, a traditional yet regal attire that embodies style, dignity, and tradition.

A Premium Experience Awaits
The event offers two exclusive table packages, catering to discerning attendees seeking a first-class experience:

1. Platinum Table: ₦2,000,000
2. Gold Table: ₦1,000,000

Both packages ensure reserved seating, premium service, and an enhanced festive experience, making it an ideal occasion for corporate gatherings, family celebrations, or simply a night out with friends.

The Exclusive White Agbada Party is more than just an event; it’s a celebration of culture, community, and connection. Attendees can expect a night of top-tier entertainment, surprise performances, and an opportunity to network with prominent figures and fans of iconic Fuji artist King Saheed Osupa, whose influence continues to inspire generations.

The event will also serve as a platform for fostering camaraderie among attendees, highlighting the importance of unity and cultural pride during the festive season.

Event Details :
Date: Wednesday, 25th December 2024
Time: 6 PM
Venue: Oriental Hotel Banquet Hall, Lagos
Dress Code: All-white agbada

For reservations and inquiries, contact 09088315246. Early bookings are encouraged as spaces are limited.

The event is powered by Lahmad Concepts Ltd, a name synonymous with excellence and professionalism in event management. With a proven track record of curating top-notch events, Lahmad Concepts is committed to delivering a seamless and memorable experience for all attendees.

This Christmas, elevate your celebrations by attending the Exclusive White Agbada Party. It’s not just an event—it’s an experience that will leave a lasting impression.

#WhiteAgbadaParty
#FriendsOfOsupa
#XmasEdition
#LagosEvents

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