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

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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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Liberian Leaders, Citizens Bear Witness as Apostle Suleman Hosts Two-Day Power-Packed Crusade

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Liberian Leaders, Citizens Bear Witness as Apostle Suleman Hosts Two-Day Power-Packed Crusade

 

It was testimonies galore on Tuesday, March 31, the first day of the famous servant of God and founder of the Omega Fire Ministries (OFM) worldwide, Apostle Johnson Suleman’s power-packed two-day crusade. The event documented impactful moments with the Gospel and miracles, emphasizing the power of faith and the tangible confirmation of God’s Word through signs and wonders. It was equally an atmosphere of miraculous healing, restoration of lives, and the strengthening of faith.

 

At the crusade, which was held at the SKD Sports Stadium in Paynesville City, and themed, “Liberia Outpouring Crusade” witnessed testimonies of impact and miracles with participants experiencing instant healing of various kinds of challenges.

 

Apostle Suleman’s first port of call was Paynesville, the office of Liberian government’s president, Mr. Joseph Nyuma Boakai, who received him in an audience with his junior ministers. Apostle Suleman, who also met with the vice-president, Mr. Jeremiah Kpan Koung, was welcomed by the Liberian leader’s office as part of the president’s ongoing engagements with religious leaders aimed at fostering spiritual support for national development.

 

The president expressed profound appreciation to Apostle Suleman for the visit and continued prayers and intercessions by men and women of God on behalf of Liberia, emphasizing his firm belief that sustained spiritual guidance and prayer remain vital to the transformation and progress of the nation.

 

During the visit, Apostle Suleman offered prayers for President Boakai, his cabinet and the Liberian nation, invoking divine alignment, wisdom, and insight in Liberia’s path toward growth and stability. He prayed that the Almighty God would position Liberia for relevance and fulfillment of its national destiny.

 

Apostle Johnson Suleman, an evangelist who knows no bounds of where preaching the gospel comes to a stop, visited Liberia prepared with the message, compelling power of the Gospel and the work of the Holy Spirit, and bringing people to a point of decision where they surrendered their lives to Christ.

 

Aside from being prophetic and timely, OFM sources disclosed that the servant of God’s visit underscores the importance of faith-based partnerships in supporting governance and national renewal efforts.

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Middle Belt Forum Hails Tinubu’s Jos Visit, Calls for United Civil-Military Effort to Restore Lasting Peace

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*Middle Belt Forum Hails Tinubu’s Jos Visit, Calls for United Civil-Military Effort to Restore Lasting Peace

 

The Middle Belt Peace Forum (MBPF) has commended President Bola Ahmed Tinubu for his profound demonstration of empathy and responsive leadership following his decision to postpone an official engagement in Iperu in order to visit victims of the recent attacks in Jos.

In a statement signed by its National Coordinator, Pastor Bulus Garba, in Jos on Friday, the Forum said the President’s decision to personally identify with grieving communities sends a powerful message of solidarity and reinforces public confidence in the commitment of the Federal Government to the protection of lives and property.

“The Middle Belt Peace Forum warmly commends President Bola Ahmed Tinubu for prioritising compassion over ceremony. At a time of deep sorrow for the people of Plateau State, his decision to visit Jos stands as a mark of true leadership—one that listens, responds, and stands with the people in their moment of pain,” the statement read.

The Forum described the perpetrators of the recent attacks as “cowards who prey on innocent and defenceless citizens,” stressing that such acts of violence are not only inhumane but also a direct assault on the unity and peace of the nation.

“We condemn in the strongest terms the actions of these cowardly attackers whose only aim is to instil fear and destabilise peaceful communities. Their actions must be met with firm and decisive resistance from all arms of the state,” Pastor Garba said.

The MBPF further used the opportunity to salute the courage, gallantry, and sacrifices of the Armed Forces of Nigeria under the leadership of the Chief of Defence Staff, General Olufemi Oluyede, noting that their continued efforts remain central to restoring stability across troubled parts of the country.

According to the Forum, the Armed Forces have demonstrated resilience and professionalism in the face of complex security challenges, often operating under difficult conditions to safeguard communities and defend Nigeria’s territorial integrity.

“We salute the Armed Forces of Nigeria for their unwavering commitment and sacrifices. Their gallantry in confronting criminal elements and reclaiming territories is a testament to their dedication to national service. We recognise that the path to peace is demanding, and we honour those who stand daily in defence of our nation,” the statement added.

The Forum pledged its full support to ongoing military operations and called for strengthened collaboration between security agencies and local communities as a critical factor in achieving lasting peace.

It also urged citizens across the Middle Belt to cooperate with security forces by providing timely information and fostering unity within their communities.

The MBPF, however, expressed concern over the need for greater synergy among security agencies, particularly the role of the Nigeria Police in consolidating gains made by the military.

“We call on the Nigeria Police Force to rise fully to its constitutional responsibility by effectively supporting the Armed Forces in stabilising and securing areas that have been cleared of criminal elements. Holding and policing such territories is essential to preventing a resurgence of violence,” Pastor Garba stated.

The Forum emphasised that sustainable peace requires a coordinated approach in which the military clears and secures areas, while the police maintain law and order to enable displaced communities to return and rebuild their lives.

The MBPF concluded by reiterating its commitment to peacebuilding efforts across the Middle Belt and expressed optimism that with sustained leadership, coordinated security efforts, and active citizen participation, lasting peace can be achieved.

“Together, through unity, vigilance, and collective resolve, we can overcome these challenges and build a safer and more peaceful Middle Belt,” the statement added.

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Governor Dauda Lawal Wins Face of Africa Governor of the Year Award in London

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Governor Dauda Lawal Wins Face of Africa Governor of the Year Award in London

 

Governor Dauda Lawal has been honored with the Outstanding Governor of the Year award by Triangle Media International Magazine.

 

The award was presented during the magazine’s 10th annual lecture and award ceremony, held on Thursday at the Grand Hall of King’s College, London, United Kingdom.

 

According to a statement by the governor’s spokesperson, Sulaiman Bala Idris, the awards recognize public and private sector leaders whose leadership positively impacts governance and service delivery.

 

He added that the lecture, themed “Harnessing the Roles of Nigerians in Diaspora for National Development,” brought together stakeholders from both the public and private sectors.

 

The statement read in part: “Yesterday, in London, Governor Dauda Lawal received the 2026 Face of Africa Leadership Award for Outstanding Governor of the Year.

 

“The 2026 edition coincides with the 10th anniversary of Triangle International Magazine, which has over the years celebrated notable Africans across diverse fields.

 

“The award recognizes the Zamfara State Government under Governor Lawal’s leadership for achieving remarkable milestones in service delivery since his inauguration on 29 May 2023.

 

“The board of Triangle International noted that, despite inheriting an empty treasury, Governor Dauda Lawal has remained true to the Rescue Agenda’s campaign promise: to rescue and rebuild Zamfara.

 

“The award also reflects the state government’s innovative approach to indirectly curbing insecurity through educational advancement, demonstrated by the declaration of a state of emergency in the education sector.

 

“This includes the state government’s swift payment of the outstanding N3.4 billion for WAEC and NECO examinations, as well as the reconstruction and rehabilitation of schools across all 14 Local Government Areas of Zamfara State.

 

“The international magazine finds these initiatives to be strategic interventions toward long-term efforts to make Zamfara State better.”

 

The colourful event was attended by the Minister of Interior, Olubunmi Tunji-Ojo, and Sahara Group’s Group Managing Director, Kola Adesina, among others.

 

Governor Dauda Lawal Wins Face of Africa Governor of the Year Award in London

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