Connect with us
Advertisment

society

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

Published

on

Advertisment

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.

Advertisment

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?

Advertisement

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.

Advertisment

society

Ibadan Mogajis pledge allegiance to Olubadan-designate

Published

on

Ibadan Mogajis pledge allegiance to Olubadan-designate

Ibadan Mogajis pledge allegiance to Olubadan-designate

 

Advertisment

 

 

Advertisment

FAMILY heads in Ibadan, also known as Ibadan Mogajis, on Thursday, visited the  Olubadan-designate, Oba Owolabi Olakulehin, and pledged their allegiance to him.

 

Ibadan Mogajis pledge allegiance to Olubadan-designate

Advertisement

The exercise was in fulfilment of the Ibadan tradition upon the nomination of Olakulehin as the Olubadan-designate.

The Mogajis were led by the Aare Egbe Mogaji, Asimiyu Ariori, to the private residence of Oba Olakulehin in the Alalubosa Government Reserved Area, Ibadan, Oyo State capital.

The PUNCH reports that the Olubadan-In-Council nominated and forwarded the name of Oba Olakulehin to the state government, after an April 16 selection meeting called by the Otun Olubadan of Ibadanland, High Chief Rashidi Ladoja, at Oja’ba Palace in Ibadan.

 

 

The stool became vacant after the demise of Oba Lekan Balogun, who reigned for two years before joining his ancestors at the age of 81 years.

 

 

Speaking during their visit to the Olubadan-designate, the Mogajis, speaking through Ariori, pledged their support to the monarch and prayed for sound health and long life during his reign.

The Mogajis also sought the permission of the Olubadan-designate to visit the Otun Balogun, Oba Tajudeen Ajibola, in line with the tradition, noting that the same was done to the Otun Olubadan, High Chief Rashidi Ladoja, after they visited the 42nd Olubadan, the late Oba Lekan Balogun, upon nomination.

 

Oba Olakulehin, who in his response, granted their request and appreciated the Mogajis for the visit, prayed that each of them would fulfil their desires on the path to the Olubadan throne.

The younger brother of the monarch, Chief Osuolale Owolabi, thanked the Mogajis for their pledge of support and obeisance to the Olubadan-designate.

 

 

Advertisment
Continue Reading

society

Delta bloodbath: Villagers shun Reps hearing

Published

on

Delta bloodbath: Villagers shun Reps hearing

 

Advertisment

MEMBERS of the House of Representatives Committee on Defence were in Warri, Delta State, on Wednesday, for the scheduled investigative hearing into the killing of 17 military personnel at Okuama community, in Ughelli South Local Government Area of Delta State.

 

Advertisment

Delta bloodbath: Villagers shun Reps hearing

 

The investigative hearing was in line with the resolution of the House during its sitting on March 19 to investigate the remote causes of the incident.

Advertisement

The PUNCH reports that 17 military personnel, including a Lieutenant Colonel, two Majors and a Captain, were ambushed and killed by yet-to-be-identified gunmen while they were in Okuama on a peacekeeping mission.

Following the incident, military personnel, in what was considered to be a reprisal, demolished and razed houses in the Okuama riverine community, with residents taking refuge in the neighbouring bushes of Ewu Kingdom.

 

The House committee members, led by Babajimi Benson, arrived at the sitting venue at the Government House Annex, Edjeba, in Warri South Local Government Area of the state, at about 10.45 a.m. but waited endlessly for indigenes of the troubled Okuama community to make their presentations.

However, while the waiting lasted, sources said the villagers failed to show up for “fear of arrest or intimidation by the military.”

However, the committee chairman, while addressing journalists, said the committee had received useful memoranda on the incident from some stakeholders.

 

The House committee members, led by Babajimi Benson, arrived at the sitting venue at the Government House Annex, Edjeba, in Warri South Local Government Area of the state, at about 10.45 a.m. but waited endlessly for indigenes of the troubled Okuama community to make their presentations.

However, while the waiting lasted, sources said the villagers failed to show up for “fear of arrest or intimidation by the military.”

However, the committee chairman, while addressing journalists, said the committee had received useful memoranda on the incident from some stakeholders.

 

Benson also disabused the minds of Okuama indigenes who might be worried about their safety, assuring them that “there would be no witch-hunt whatsoever.”

He advised members of the public who are willing to submit a memorandum to do so in 10 copies and submit the same to the committee within one week.

 

He said they could submit such memoranda to the clerk of the committee, Musa Aliyu at the National Assembly, Abuja, or at the public investigative hearing.

He said, “The House of Representatives Committee on Defence looks forward to a robust engagement and meaningful contributions from all stakeholders.

“We came in yesterday (Tuesday). We met Governor Oborevwori and we told him our mission. We’re here today (Wednesday) to see members of the community on camera and by way of memoranda.

“We’ve received a lot of memoranda from them but they’ve not turned out physically. The window is extended for a week. So we’re still expecting a lot more memorandum from the people of Okuama community.

“We’ve assured the governor and the people that we have the full backing of the House of Representatives to ensure that this matter is reviewed from both sides and followed to a logical conclusion.”

 

Advertisment
Continue Reading

society

Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

Published

on

Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

Prophet Kingsley Aitafo led Oneness in Christ ministry in conjunction with CCC Living Grace Tabernacle has declared the theme of their monthly three days open revival.
Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade
Tagged Praise Him for His mighty acts, the power packed crusade begins on Sunday, April 28th till 30th of April 2024 at 20 Showole street, Ewupe, Singer Sango, Ogun state from 5pm daily.
Other guest ministers include Prophetess Irenise, Prophetess Arinola and Evangelist Lanre Matthew.
According to prophet Kingsley Aitafo, the revival will featured salvation, healing, deliverance, signs and wonders with prophetic solutions .

Advertisment
Advertisment
Continue Reading

Cover Of The Week

Trending