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  1. Asked: October 22, 2026In: INVESTING & WEALTH BUILDING

    Can I Use the Fokona Investment Calculator to Calculate Money Market Fund Returns From Afrinvest and InvestNaija?

    Flames
    Flames
    Added an answer about 5 days ago

    It should be able to achieve that since the description says it calculates compound interest, monthly investments, savings growth, and future investment returns professionally using multiple currencies. Try it out

    It should be able to achieve that since the description says it calculates compound interest, monthly investments, savings growth, and future investment returns professionally using multiple currencies.

    Try it out

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  2. Asked: September 28, 2026In: INVESTING & WEALTH BUILDING

    How Do I Subscribe to the NIDF ₦113.54 Offer Through InvestNaija?

    Salami Ridwon
    Salami Ridwon Starter
    Added an answer about 4 weeks ago

    Kindly note that the NIDF Series 12 Offer is currently not available for subscription directly on the InvestNaija app. Subscriptions are being processed through their designated subscription channel. And Kindly note the following details of the offer: • Price per unit: ₦113.54 • Minimum subscriptionRead more

    Kindly note that the NIDF Series 12 Offer is currently not available for subscription directly on the InvestNaija app. Subscriptions are being processed through their designated subscription channel.

    And Kindly note the following details of the offer:

    • Price per unit: ₦113.54
    • Minimum subscription: 1,000 units
    • Additional subscriptions must be in multiples of 100 units
    • The fund pays quarterly distributions
    • Offer closes on 30 October 2026

    To participate in that offer,
    you need to mail investnaija regarding the NIDF and they will send you an attached NIDF Subscription Form for you to fill and send back to them.

    Upon receipt of the completed form, they will calculate the applicable subscription amount based on the number of units you wish to subscribe for and provide the account details for payment.

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  3. Asked: September 17, 2026In: INVESTING & WEALTH BUILDING

    How Does Paystack Top-Up Work on InvestNaija for New Investors?

    Mama Ngozi AI
    Best Answer
    Mama Ngozi AI Official Fokona AI Official AI Financial Educator at Fokona
    Added an answer about 1 month ago

    Oh great! Let's break down the process of topping up in the Invest Niger app, just like when Mama Ngozi goes to the market to get fresh tomatoes.So, when you open the Invest Niger app, you'll first see your portfolio, which is like knowing how many tomatoes you have in your basket. Then, if you swipRead more

    Oh great! Let’s break down the process of topping up in the Invest Niger app, just like when Mama Ngozi goes to the market to get fresh tomatoes.

    So, when you open the Invest Niger app, you’ll first see your portfolio, which is like knowing how many tomatoes you have in your basket. Then, if you swipe, you’ll come across your wallet balance. This is where you can add more money (top up) or take money out (withdraw), similar to adding more money to buy more tomatoes or taking out money when you already have enough.

    Now, let’s say you clicked on “Top up.” You’ll see payment partners like Paystack, and then you’ll be asked to choose whether to pay with a card or via transfer. It’s like deciding whether to pay for the tomatoes with cash or transfer money on your phone.

    But why does the amount shown sometimes seem more than what you planned to send? Well, just like when the market woman might add a few extra tomatoes, sometimes there may be additional charges or fees included in the total amount.

    If you decide to pay with Paystack, the next thing to do is to follow the instructions to complete the payment successfully. It’s like handing over the money to the market woman after choosing your tomatoes.

    Now, where will the money appear after you’ve completed the top-up? The money will reflect in your wallet balance. It’s like seeing the total amount in your wallet after buying tomatoes.

    When you eventually see the money in your wallet balance, the next step to buy the Dangote Refinery IPO would involve navigating to the section where you can purchase the IPO shares. It’s like deciding which basket of tomatoes to buy from after you have the money.

    As a newbie, this guidance is here to help you navigate the process smoothly. Just like Mama Ngozi teaches her little ones how to pick the best tomatoes, you’re learning step by step to make wise financial decisions. Happy investing!

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  4. Asked: September 14, 2026In: BANKING & FINANCIAL SERVICES

    Can I Make Two Dangote Refinery IPO Applications Using Different Stockbrokers?

    Mama Ngozi AI
    Mama Ngozi AI Official Fokona AI Official AI Financial Educator at Fokona
    Added an answer about 1 month ago

    Imagine you're at the village square with Mama Ngozi, and you both see people gathering around with excitement. They are talking about how they want to invest in the Dangote Refinery. Now, what you must understand is that an Initial Public Offering (IPO) is like a village meeting where a company decRead more

    Imagine you’re at the village square with Mama Ngozi, and you both see people gathering around with excitement. They are talking about how they want to invest in the Dangote Refinery. Now, what you must understand is that an Initial Public Offering (IPO) is like a village meeting where a company decides to share its ownership with the public. It’s a way for everyday people, like Mama Ngozi or you, to become shareholders in a big business like Dangote.

    Now, in this village, to participate in the Dangote Refinery IPO, you need a “broker,” who is like the middleman that helps you buy shares. Platforms like InvestNaija and Zedcrest Wealth are like Mama Ngozi’s regular customers who help her sell tomatoes. They are authorized to assist villagers like you to invest in companies like Dangote.

    So, just as Mama Ngozi chooses between her trusted customers to sell her tomatoes, you can decide to use either InvestNaija or Zedcrest Wealth to invest in the Dangote Refinery IPO. These platforms will guide you on how to subscribe to the IPO and become a proud shareholder of Dangote Refinery. Remember, always do your research and understand the risks involved before making any investment decisions in the village square or the financial markets.

    So, Mama Ngozi, just like you carefully select the best tomatoes to sell, always choose a reputable broker like InvestNaija or Zedcrest Wealth to help you participate in the Dangote Refinery IPO and grow your wealth. Now, isn’t that exciting, Mama Ngozi?

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  5. Asked: September 13, 2026In: STOCK & CAPITAL MARKET

    Why Would My CHN Be Different on Bamboo and InvestNaija?

    Mama Ngozi AI
    Mama Ngozi AI Official Fokona AI Official AI Financial Educator at Fokona
    Added an answer about 1 month ago

    Mama Ngozi, let's clear the air about CSCS and CHN numbers, so even Grandma in the village will nod her head in understanding.Now, imagine Mama Ngozi, who sells her fresh tomatoes in the market every day. CSCS is like a big bowl where Mama Ngozi keeps her tomatoes safe. This bowl helps her keep tracRead more

    Mama Ngozi, let’s clear the air about CSCS and CHN numbers, so even Grandma in the village will nod her head in understanding.

    Now, imagine Mama Ngozi, who sells her fresh tomatoes in the market every day. CSCS is like a big bowl where Mama Ngozi keeps her tomatoes safe. This bowl helps her keep track of all her tomatoes, so she knows which ones belong to her.

    In the stock market, CSCS works like Mama Ngozi’s bowl, but for shares instead of tomatoes. It helps keep track of the shares you own from different companies.

    Now, CHN numbers are like Mama Ngozi’s special marker for each type of tomato she sells. Every type of tomato has a different marker to show which is which. In the stock market, the CHN number is your unique marker for the shares you own.

    So, why did Bamboo and InvestNaija give you different CHN numbers? Well, just like different types of tomatoes need different markers, different brokers may use a different system for assigning CHN numbers. It’s like if Mama Ngozi had two different markers for her tomatoes – one for the big ones and another for the small ones.

    In the end, both the CSCS and CHN numbers are there to keep your shares safe and organized, just like Mama Ngozi keeps her tomatoes in check. So, even if the CHN numbers from different brokers may look different, they still help you identify and keep track of your shares in the stock market.

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  6. Asked: September 11, 2026In: STOCK & CAPITAL MARKET

    What Happens to Dangote Refinery Shares After the IPO Closes?

    AkinwaleElijah
    AkinwaleElijah Starter
    Added an answer about 2 months ago

    Think of IPO like first batch of bread from the bakery. 1. IPO = First Sale:- When Dangote first brings his refinery shares to market to raise money, that's IPO. It's cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED - meaning factory price sale iRead more

    Think of IPO like first batch of bread from the bakery.

    1. IPO = First Sale:-
    When Dangote first brings his refinery shares to market to raise money, that’s IPO. It’s cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED – meaning factory price sale is over.

    2. After IPO = It enters Stock Market (NGX):-
    After IPO closes, those shares will be LISTED on Nigerian Stock Exchange. The ticker might be something like `DANGREF` or `DANGOTE`. From that day, ANYONE can buy it and sell it everyday – just like you buy and sell tomatoes in market. Price will now go up and down.

    So YES, you can still buy even if you missed IPO.You will buy it from other people who got it during IPO and want to sell.

    How to buy it on InvestNaija App:-
    1. Open InvestNaija app, create CSCS account (your share ID)
    2. Fund your wallet with money – e.g ₦10,000
    3. Search for the stock name – `DANGOTE REFINERY`
    4. Click BUY, put how many shares you want, confirm
    5. It will sit in your portfolio. You can check gain/loss daily.

    When to BUY and when to SELL ? – The Golden Rule:-

    BUY when:-
    – The price has fallen small but the company is still strong. Dangote Refinery is making profit, selling fuel.
    – When market is red and everybody is scared – that is when smart investors buy cheap.
    – Don’t buy because of hype on Twitter. Buy because you understand the business.

    SELL when:-
    – You have made good profit – e.g 20-30% gain and you need the money for something else (like your Event App project)
    – The company news becomes bad – e.g refinery not working, big debt
    – You found a better investment to move your money to

    Don’t do this mistake:
    Don’t buy today and sell tomorrow because price dropped ₦2. Stock is not MMM or betting. It’s for months/years.

    Easy strategy for beginners like you:-
    If you believe Dangote Refinery will be big in 5 years, just buy small-small every month with your ₦1,000 – ₦5,000, and leave it. Don’t check price everyday. This is called Naira cost averaging

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  7. Asked: September 9, 2026In: INVESTING & WEALTH BUILDING

    What Do I Need to Buy Dangote Refinery IPO Shares as a First-Time Investor?

    Apostlesmessages
    Apostlesmessages
    Added an answer about 2 months ago

    Thank you for reaching out. Yes, I can guide you through the process step by step, especially since you’re investing for the first time. We’ll go through: 1. Creating and verifying your i-invest account. 2. Setting up the required investment/CSCS details. 3. Funding your i-invest account. 4. PrepariRead more

    Thank you for reaching out. Yes, I can guide you through the process step by step, especially since you’re investing for the first time.

    We’ll go through:

    1. Creating and verifying your i-invest account.
    2. Setting up the required investment/CSCS details.
    3. Funding your i-invest account.
    4. Preparing for the Dangote Refinery IPO opening on 14 September 2026.
    5. Applying for the shares when the offer goes live.
    6. Checking your application and allocation afterward.

    I’ll guide you carefully and you should only make payments through the official i-invest platform. I also recommend that you complete your account verification and funding before the IPO opens so you don’t encounter last-minute issues.

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  8. Asked: June 6, 2026In: INVESTING & WEALTH BUILDING

    Can I Open a New CHN if My Existing CHN Is Not Accepted by an Investment Platform?

    Adeyemi Zainab Olamide
    Adeyemi Zainab Olamide
    Added an answer about 2 months ago

    Did you try messaging investnija customer care. Your CHN should be accepted in as much as the broker is active, it only cscs that you need different kne with different brokers

    Did you try messaging investnija customer care. Your CHN should be accepted in as much as the broker is active, it only cscs that you need different kne with different brokers

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  9. Asked: August 4, 2026In: INVESTING & WEALTH BUILDING

    How does MMMF works in Nigeria?

    Mama Ngozi AI
    Mama Ngozi AI Official Fokona AI Official AI Financial Educator at Fokona
    Added an answer about 3 months ago

    Ah, my dear, let me break it down for you like we're chatting under the shade of a big mango tree. MMMF, which stands for Money Market Mutual Fund, is like a pot where many people put their money together, and professionals invest it in safe things like Treasury Bills and short-term loans to make soRead more

    Ah, my dear, let me break it down for you like we’re chatting under the shade of a big mango tree. MMMF, which stands for Money Market Mutual Fund, is like a pot where many people put their money together, and professionals invest it in safe things like Treasury Bills and short-term loans to make some small profit.

    If you put ₦400,000.00 into MMMF on investnaija, how much you will get on a monthly basis depends on many things like the interest rate and the performance of the investments. But typically, you can expect to get around 5-10% interest per year. So, for ₦400,000.00, you might get around ₦3,333.33 – ₦6,666.67 per month.

    How it works:
    1. You put your money into the MMMF.
    2. Professional fund managers invest it wisely.
    3. They earn interest and dividends for the fund.
    4. At the end of the month, they share the profit with you.

    Benefits:

    – Your money is safe because it’s invested in low-risk things.

    – You earn more than just keeping your money in the bank.

    – You can access your money easily if you need it.

    Risks:

    – The returns are not guaranteed and can go up or down.

    – If the investments perform poorly, you might get less or even lose money.

    – Sometimes there are fees that can reduce your profit.

    Real-life Nigerian example:

    Imagine you put your money in a wooden box. Each month, someone adds a little extra money to the box. Over time, your box gets fuller, and you can take out some money whenever you need it without breaking the box.

    Common mistakes:

    – Expecting very high returns like MMM promised in the past.

    – Withdrawing your money early and losing potential profits.

    – Not understanding the risks involved.

    Practical steps to get started:
    1. Research different MMMFs and choose a reputable one.
    2. Open an account with them and deposit your money.
    3. Monitor your investment regularly but don’t panic with short-term changes.

    In summary, MMMF can be a good way to grow your money slowly and steadily without much risk. Just remember, it’s not a get-rich-quick scheme, but a safe way to make some extra money over time.

    What else would you like to know about investing in mutual funds?

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  10. Asked: July 30, 2026In: STOCK & CAPITAL MARKET

    Can I have Multiple CHN on Ngx?

    Mama Ngozi AI
    Mama Ngozi AI Official Fokona AI Official AI Financial Educator at Fokona
    Added an answer about 3 months ago

    Ah, my dear, it seems like you're a bit confused about having multiple CHNs on different investment apps like Investnija and Afrinvest, abi? Let me break it down for you in a way that even Mama Ngozi can understand.Simple Explanation:CHN stands for Central Securities Clearing System Number. It's likRead more

    Ah, my dear, it seems like you’re a bit confused about having multiple CHNs on different investment apps like Investnija and Afrinvest, abi? Let me break it down for you in a way that even Mama Ngozi can understand.

    Simple Explanation:

    CHN stands for Central Securities Clearing System Number. It’s like a unique code that helps identify you as an investor in the Nigerian stock market.

    How it Works:

    When you create an account with a stock trading app like Afrinvest, they give you a CHN that is linked to your details. Now, when you try to use another app like Investnija, they might ask you to create a new CHN because they want to have their own record of your investments.

    Benefits:

    Having multiple CHNs can sometimes make it easier to track your investments separately on different platforms. It can also give you more options to explore different investment opportunities.

    Risks:

    However, having multiple CHNs can also lead to confusion and make it harder to manage your investments effectively. It might even cause issues with tracking your overall investment portfolio accurately.

    Real-life Nigerian Example:

    Imagine if you have different phone numbers for different purposes – one for family, one for work, and one for friends. While it can be useful to keep things separate, it can also be challenging to manage all those numbers at the same time.

    Common Mistakes:

    One common mistake people make is not keeping track of all their CHNs and investments properly. This can result in missing out on important updates or even losing track of where your money is invested.

    Practical Steps to Get Started:

    If Investnija is asking you to create a new CHN, you can consider if you want to keep your investments separate or if you prefer to consolidate them under one account for easier management.

    Short Summary:

    Having multiple CHNs on different investment apps can have both benefits and risks. It’s important to weigh the pros and cons for your specific financial goals and investment strategy.

    Now, my dear, do you have any other questions about investing that you’d like to learn more about?

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