Just like they stated it would be used to expand company production and manufacturing. Like the amount of crude refined a day would be doubled and transportation and distribution of products
Just like they stated it would be used to expand company production and manufacturing.
Like the amount of crude refined a day would be doubled and transportation and distribution of products
Compound growth is very important because in compound growth you tends to leave your money to grow as a long-term investor what I'm saying is this that as a long-term investor if you invested in a company that pays dividends by the time they pay you a dividend and you return the dividends into yourRead more
Compound growth is very important because in compound growth you tends to leave your money to grow as a long-term investor what I’m saying is this that as a long-term investor if you invested in a company that pays dividends by the time they pay you a dividend and you return the dividends into your investment along the line you would see that your investment increases with out you even adding much money because as you return your dividend they increase so your investment won’t be same amount as you input you can use fokona calculator
It is FGN bonds and not stock Federal bonds are like borrowing money to the government and they pay you interest every 3 months for either 2 years or 3 years. To do this you go through licensed brokers, it can be a bank or an application. Then stocks is entirely different. In stocks you own shares oRead more
It is FGN bonds and not stock
Federal bonds are like borrowing money to the government and they pay you interest every 3 months for either 2 years or 3 years.
To do this you go through licensed brokers, it can be a bank or an application.
Then stocks is entirely different. In stocks you own shares of different companies like GtCo, Zenith, Access corps, seplat energy and MTN as well as many more
Now to do this you go through licensed brokers like zedcrest and meristem. You can check their eligibility through the SEC website.
But before going into any you do a brutal study
You can by the stock investment course from here in the course section with just 5,500 to understand better
With 250k you can invest in dangote IPO. But you should at least do the fundamentals check like Sir ikingferry always tells us to. Use brockers like meristem and zedcrest to invest in it but also follow official news so you don't fall into scam also check SEC website to have a knowledge on other plaRead more
With 250k you can invest in dangote IPO. But you should at least do the fundamentals check like Sir ikingferry always tells us to.
Use brockers like meristem and zedcrest to invest in it but also follow official news so you don’t fall into scam also check SEC website to have a knowledge on other platforms. But know the platform most beautiful may not be the best
Emergency Funds is a nice idea 💡 not to doubt but there are investment portfolio that allows you invest and take your money anytime. Like take for example money market mutual funds. Your Money is growing and when you want to take it you can take it within 24 hours but that doesn't mean you shouldn'tRead more
Emergency Funds is a nice idea 💡 not to doubt but there are investment portfolio that allows you invest and take your money anytime. Like take for example money market mutual funds. Your Money is growing and when you want to take it you can take it within 24 hours but that doesn’t mean you shouldn’t have some money in your account
Take for example if you have 100,000 naira and you want to save
Put 30k in mutual funds
20k in your emergency
Then from your 50k you settle all your needs
I did say put 50k in mutual funds because if you should put 50k in mutual funds you would struggle to save why because you may have to remove along the line just to settle scores
Which is why Sir ikingferry said 10% which is 10k but people thinks it’s small
So please invest and save but don’t over keep cash in a bank account so it doesn’t lose value
Savings account keeps your money dormant and gives little addition and your money loses value to inflation and with that you tend to preserve an amount but tends to lose buying power in the later future should the government not get any better which is not what we pray for but we plan accordingly wiRead more
Savings account keeps your money dormant and gives little addition and your money loses value to inflation and with that you tend to preserve an amount but tends to lose buying power in the later future should the government not get any better which is not what we pray for but we plan accordingly with reality
With Treasury Bill I believe ikingferry has explained it multiple times. With it you money grows because you borrow the government and they give you an interest. Ikingferry made a post on Facebook I think yesterday that the government wants to borrow our money and pay us 15.5% interest so with that you see your money is preserved then growing
After Treasury Bill you can even invest in equity funds or mutual funds. So savings account is a no but treasury is good and you have to go through licensed brokers.
Investing in illiquid investments is a good idea. But one thing you should know is this. Don't get a land and be stranded in paying rent If you must buy a land get a land in an area that has development potential. Like a place where you see people coming to invest not a dormant place where for you tRead more
Investing in illiquid investments is a good idea. But one thing you should know is this. Don’t get a land and be stranded in paying rent
If you must buy a land get a land in an area that has development potential. Like a place where you see people coming to invest not a dormant place where for you to maybe sell it later would be a problem and also
That money can be invested in mutual funds and grow. You can even get increase and your money is preserved.
A land can later be claimed later if you don’t follow legal procedures and even if you follow legal procedures a government can take it in our country so just go in mutual funds for now.
To buy shares you can use either a bank or an application registered as a broker with the SEC and I personally use meristem for investment. Earlier this morning they sent me a notification that with 5,550 you can get a share in dangote refinery. So with that you can get but also know that you can'tRead more
To buy shares you can use either a bank or an application registered as a broker with the SEC and I personally use meristem for investment.
Earlier this morning they sent me a notification that with 5,550 you can get a share in dangote refinery. So with that you can get but also know that you can’t just open the App and trade, there are procedures to it Sir
Like having a CSS and CHN account once you set that up you are good to go
What Will Dangote Refinery Use the IPO Proceeds For?
Just like they stated it would be used to expand company production and manufacturing. Like the amount of crude refined a day would be doubled and transportation and distribution of products
Just like they stated it would be used to expand company production and manufacturing.
Like the amount of crude refined a day would be doubled and transportation and distribution of products
See lessHow Can I Compete With Established Foodstuff Retailers in Nigeria?
Don't compete just study their strategy and weakness then use it as a leverage to grow that's what sir ikingferry always says
Don’t compete just study their strategy and weakness then use it as a leverage to grow that’s what sir ikingferry always says
See lessWhy is compound growth important for a long-term investor?
Compound growth is very important because in compound growth you tends to leave your money to grow as a long-term investor what I'm saying is this that as a long-term investor if you invested in a company that pays dividends by the time they pay you a dividend and you return the dividends into yourRead more
Compound growth is very important because in compound growth you tends to leave your money to grow as a long-term investor what I’m saying is this that as a long-term investor if you invested in a company that pays dividends by the time they pay you a dividend and you return the dividends into your investment along the line you would see that your investment increases with out you even adding much money because as you return your dividend they increase so your investment won’t be same amount as you input you can use fokona calculator
See lessFederal government Bond and stock what do they really mean ?
It is FGN bonds and not stock Federal bonds are like borrowing money to the government and they pay you interest every 3 months for either 2 years or 3 years. To do this you go through licensed brokers, it can be a bank or an application. Then stocks is entirely different. In stocks you own shares oRead more
It is FGN bonds and not stock
Federal bonds are like borrowing money to the government and they pay you interest every 3 months for either 2 years or 3 years.
To do this you go through licensed brokers, it can be a bank or an application.
Then stocks is entirely different. In stocks you own shares of different companies like GtCo, Zenith, Access corps, seplat energy and MTN as well as many more
Now to do this you go through licensed brokers like zedcrest and meristem. You can check their eligibility through the SEC website.
But before going into any you do a brutal study
See lessYou can by the stock investment course from here in the course section with just 5,500 to understand better
How can I invest in the Dangote IPO?
With 250k you can invest in dangote IPO. But you should at least do the fundamentals check like Sir ikingferry always tells us to. Use brockers like meristem and zedcrest to invest in it but also follow official news so you don't fall into scam also check SEC website to have a knowledge on other plaRead more
With 250k you can invest in dangote IPO. But you should at least do the fundamentals check like Sir ikingferry always tells us to.
See lessUse brockers like meristem and zedcrest to invest in it but also follow official news so you don’t fall into scam also check SEC website to have a knowledge on other platforms. But know the platform most beautiful may not be the best
Is It Better to Save an Emergency Fund Before Investing in Nigeria?
Emergency Funds is a nice idea 💡 not to doubt but there are investment portfolio that allows you invest and take your money anytime. Like take for example money market mutual funds. Your Money is growing and when you want to take it you can take it within 24 hours but that doesn't mean you shouldn'tRead more
Emergency Funds is a nice idea 💡 not to doubt but there are investment portfolio that allows you invest and take your money anytime. Like take for example money market mutual funds. Your Money is growing and when you want to take it you can take it within 24 hours but that doesn’t mean you shouldn’t have some money in your account
Take for example if you have 100,000 naira and you want to save
Put 30k in mutual funds
20k in your emergency
Then from your 50k you settle all your needs
I did say put 50k in mutual funds because if you should put 50k in mutual funds you would struggle to save why because you may have to remove along the line just to settle scores
Which is why Sir ikingferry said 10% which is 10k but people thinks it’s small
So please invest and save but don’t over keep cash in a bank account so it doesn’t lose value
See lessWhy Choose Treasury Bills Over a Savings Account?
Savings account keeps your money dormant and gives little addition and your money loses value to inflation and with that you tend to preserve an amount but tends to lose buying power in the later future should the government not get any better which is not what we pray for but we plan accordingly wiRead more
Savings account keeps your money dormant and gives little addition and your money loses value to inflation and with that you tend to preserve an amount but tends to lose buying power in the later future should the government not get any better which is not what we pray for but we plan accordingly with reality
With Treasury Bill I believe ikingferry has explained it multiple times. With it you money grows because you borrow the government and they give you an interest. Ikingferry made a post on Facebook I think yesterday that the government wants to borrow our money and pay us 15.5% interest so with that you see your money is preserved then growing
After Treasury Bill you can even invest in equity funds or mutual funds. So savings account is a no but treasury is good and you have to go through licensed brokers.
See lessShould I Invest My Savings in Land or Continue Renting in Nigeria?
Investing in illiquid investments is a good idea. But one thing you should know is this. Don't get a land and be stranded in paying rent If you must buy a land get a land in an area that has development potential. Like a place where you see people coming to invest not a dormant place where for you tRead more
Investing in illiquid investments is a good idea. But one thing you should know is this. Don’t get a land and be stranded in paying rent
If you must buy a land get a land in an area that has development potential. Like a place where you see people coming to invest not a dormant place where for you to maybe sell it later would be a problem and also
That money can be invested in mutual funds and grow. You can even get increase and your money is preserved.
A land can later be claimed later if you don’t follow legal procedures and even if you follow legal procedures a government can take it in our country so just go in mutual funds for now.
See lessHow Can Already Registered Users Log In to Their Fokona Account?
Just use the normal sign in with Google and it would log in since you have already used an email to register
Just use the normal sign in with Google and it would log in since you have already used an email to register
See lessCan I Buy Dangote Refinery IPO Shares With ₦5,000?
To buy shares you can use either a bank or an application registered as a broker with the SEC and I personally use meristem for investment. Earlier this morning they sent me a notification that with 5,550 you can get a share in dangote refinery. So with that you can get but also know that you can'tRead more
To buy shares you can use either a bank or an application registered as a broker with the SEC and I personally use meristem for investment.
Earlier this morning they sent me a notification that with 5,550 you can get a share in dangote refinery. So with that you can get but also know that you can’t just open the App and trade, there are procedures to it Sir
Like having a CSS and CHN account once you set that up you are good to go
See less