Here is the clear difference between Money Market Fund (MMF) and Paramount Fund (Equity) on the InvestNaija platform. I'll explain major differences first, then minor differences, then which one is best for you. 🥇 Major Difference (Most Important) Feature Money Market Fund (MMF) Paramount Fund (EquiRead more
Here is the clear difference between Money Market Fund (MMF) and Paramount Fund (Equity) on the InvestNaija platform.
I’ll explain major differences first, then minor differences, then which one is best for you.
🥇 Major Difference (Most Important)
Feature
Money Market Fund (MMF)
Paramount Fund (Equity)
Risk Level
Low risk
High risk
Return
Moderate
High (but fluctuates)
Investment
Treasury bills, deposits
Nigerian stocks
Capital Safety
Very safe
Can go up or down
Best For
Beginners / short term
Long term growth
Withdrawal
Fast (1-2 days)
Slower sometimes
Volatility
Very stable
Can rise and fall
📊 What Money Market Fund (MMF) Does
The Chapel Hill Denham Money Market Fund:
Invests in Treasury bills, deposits, commercial paper
Focuses on capital preservation and steady income
Allows easy entry and exit
Pays steady returns with low volatility
Typical returns:
Around 20%–24% yearly (market dependent)
Best for:
Beginners
Emergency savings
Short-term investment
📈 What Paramount Fund (Equity) Does
The Chapel Hill Denham Paramount Fund (Equity):
Invests mainly in shares of Nigerian companies
Targets capital growth
Around 95% invested in stocks
High return but capital can fluctuate
Example:
66.33% return in 2025 (Jan-July)
494% return in 5 years
(But returns not guaranteed)
Best for:
Long-term investors
People who want higher growth
Investors who can handle market ups & downs
🧠 Minor Differences
Feature
MMF
Paramount Equity
Minimum investment
₦5,000
₦5,000
Investment horizon
Short term
Long term (3+ years)
Income type
Interest
Capital growth
Market exposure
No stock market
Stock market exposure
Volatility
Very low
High
🏆 Which One Should You Choose?
Since you’re new, I recommend:
Start Like This
60% → Money Market Fund
40% → Paramount Equity
This is safe beginner strategy.
Example: If you invest ₦100,000:
₦60,000 → MMF
₦40,000 → Paramount
This balances:
Safety
Growth
My Honest Advice (Based On You)
Since you’re:
New investor
Still learning
Building capital
Start with:
Money Market Fund first
Add Paramount gradually
This is the smart investor path.
If you're getting "Invalid or Expired Token" on InvestNaija when trying to access your MMF (Money Market Fund) or Equity Fund, it usually means your login authentication session has expired or failed. Here are the most common causes and fixes: Why You're Seeing "Invalid or Expired Token" 1. SessionRead more
If you’re getting “Invalid or Expired Token” on InvestNaija when trying to access your MMF (Money Market Fund) or Equity Fund, it usually means your login authentication session has expired or failed.
Here are the most common causes and fixes:
Why You’re Seeing “Invalid or Expired Token”
1. Session Timeout (Most Common)
InvestNaija automatically logs you out after some time for security.
Fix
Log out completely
Close the app
Reopen and log in again
2. Expired OTP / Authentication Code
If you’re using OTP/email verification, it expires quickly (usually 2–5 minutes).
Fix
Request a new OTP
Use it immediately
3. App Bug or Glitch
This happens often with investment apps.
Fix
Clear app cache
Update app
Reinstall app (if needed)
Steps (Android):
Settings
Apps
InvestNaija
Storage
Clear Cache
4. Poor Internet Connection
Sometimes the token expires if connection drops.
Fix
Switch network (Wi-Fi ↔ Mobile data)
5. Account Security Lock
Sometimes they temporarily lock sessions for security reasons.
Fix
Wait 10–15 minutes
Try again
Since You Also Mentioned Earlier:
You previously said:
You couldn’t withdraw
You were asked for email and token
You only receive email OTP
This may mean:
They expect Google Authenticator token
But you were never set up for it
This is very common with InvestNaija users.
Best Immediate Solution
Contact InvestNaija support:
In-app support
Email support
WhatsApp (if available)
Tell them:
“I’m getting invalid or expired token and I was never given authenticator setup.”
What you're seeing usually means InvestNaija requires two-factor authentication (2FA) for withdrawals: Email OTP → sent to your email (you’re receiving this) Token / Authenticator code → generated from an authenticator app (this is what you're missing) This is a security requirement many investmentRead more
What you’re seeing usually means InvestNaija requires two-factor authentication (2FA) for withdrawals:
Email OTP → sent to your email (you’re receiving this)
Token / Authenticator code → generated from an authenticator app (this is what you’re missing)
This is a security requirement many investment platforms use to prevent unauthorized withdrawals.
Why you’re seeing “Email + Token required”
Some InvestNaija accounts are configured to require both email OTP and authenticator token
If you never set up an authenticator, the system may still be expecting one (this happens sometimes due to security updates or account settings)
InvestNaija itself notes that if you experience difficulty initiating withdrawal, you should contact their support team directly.
What You Should Try First
Try these steps:
Step 1 — Check Security Settings
Open your InvestNaija app and check:
Settings
Security
Two-factor authentication / Authenticator
Look for:
Google Authenticator
Microsoft Authenticator
Authy
If you see “Enable Authenticator” → set it up.
Step 2 — If You Never Set It Up (Most Likely Your Case)
You must contact support to reset your withdrawal security:
Email: info@investnaija.com
Phone: 0700-INVESTNAIJA
Tell them:
“I receive email OTP but I was never given a token or authenticator setup. I cannot withdraw.”
They usually reset or guide you.
Important ⚠️
Do NOT:
Download random “token apps” unless they tell you which one
Share your OTP with anyone
Pay any “withdrawal unlocking fee” (this is a red flag)
I understand your concern — this is a very common confusion when investing in FGN Bonds, especially through apps like Afrinvest. Let me break this down clearly. First — Important Question You're saying: You bought FGN Bond Then your amount dropped drastically You didn’t see anything like equity fundRead more
I understand your concern — this is a very common confusion when investing in FGN Bonds, especially through apps like Afrinvest.
Let me break this down clearly.
First — Important Question
You’re saying:
You bought FGN Bond
Then your amount dropped drastically
You didn’t see anything like equity fund
You’re confused
This usually happens for one of these 3 reasons:
1. Bond Price Fluctuation (Most Likely)
When you buy FGN Bonds, you’re buying from the secondary market, not directly from the Federal Government of Nigeria.
That means:
Bond prices go up and down daily
Your app shows market value, not your final value
So when interest rates rise, bond price drops
This is normal and not a loss unless you sell.
Example:
You invested ₦100,000
Market price drops
App shows ₦92,000
You didn’t lose money unless you sell now
If you hold till maturity:
You get full principal back
Plus interest payments (coupon)
2. Accrued Interest Adjustment (Also Very Common)
When buying bonds:
You sometimes pay accrued interest upfront
After settlement:
App adjusts value
It may look like your money dropped
But actually:
You’ll get that interest back at next coupon payment
3. Settlement / Charges Adjustment
Some apps show:
Brokerage fee
Stamp duty
Transaction charges
These can cause a small drop, but not drastic.
Important: FGN Bond is NOT Equity Fund
You’re correct:
FGN Bond ≠ Equity fund
FGN Bond = Fixed income investment
Equity fund = Stock-based investment
So you won’t see equity fund if you bought bond.
The Most Important Thing to Check
Tell me:
What was the amount you invested
What is the current value
When did you buy it (month/year)
I’ll tell you exactly what happened.
Don’t Panic Yet
FGN bonds are among the safest investments in Nigeria:
Backed by government
Predictable income
Low risk
If you bought Nigeria Bond Fund on the InvestNaija, you can redeem (withdraw) anytime — but there are a few important things to know. 📌 First — Good News You said you invested since December Most Nigeria bond funds have: Minimum holding period: 90 days So since December → You are already eligible toRead more
If you bought Nigeria Bond Fund on the InvestNaija, you can redeem (withdraw) anytime — but there are a few important things to know.
📌 First — Good News
You said you invested since December
Most Nigeria bond funds have:
Minimum holding period: 90 days
So since December → You are already eligible to redeem ✅
💰 How To Redeem Nigeria Bond Fund (InvestNaija)
Follow these steps:
Step-by-Step
Open InvestNaija app
Go to Portfolio / Investments
Click Nigeria Bond Fund
Tap Redeem / Withdraw
Enter amount (Full or Partial)
Confirm request
⏱️ How Long Does It Take?
Usually:
2–5 working days
Money goes to your InvestNaija wallet
Then you withdraw to bank
This is normal for bond funds (not instant withdrawal).
⚠️ If You Don’t See “Redeem” Button
Try this:
Go to Transaction / Portfolio
Tap Fund
Look for Redeem or Withdraw
If still not showing: 👉 Contact support:
Email: support@investnaija.com
Or chat inside app
Some users reported needing OTP or support approval before withdrawal, but issues were later resolved.
📊 Why It’s Not Instant (Important)
Bond funds:
Invest in government bonds
Need time to liquidate units
So withdrawals take few days
My Advice (Since You’re Using It For Something Else)
Before you redeem:
Check current profit
Consider partial withdrawal (not full)
Example:
Invested ₦200,000
Withdraw ₦100,000
Leave rest growing
Better for long-term wealth 📈
Yes — you can fund your brokerage account from a different bank, but the account must still be in your name. For example, on Bamboo, they clearly state: Funds must be sent from an account in your name Money from bank accounts not in your name will be rejected ✅ Allowed You can fund from: Your salaryRead more
Yes — you can fund your brokerage account from a different bank, but the account must still be in your name.
For example, on Bamboo, they clearly state:
Funds must be sent from an account in your name
Money from bank accounts not in your name will be rejected
✅ Allowed
You can fund from:
Your salary account
Your savings account
Your different bank (GTBank, Access, UBA, etc.)
Your domiciliary account
Your fintech wallet (if in your name)
As long as your name matches your Bamboo account, you’re fine.
❌ Not Allowed (Usually)
Most brokerages do NOT allow third-party funding:
Friend’s bank account
Family member’s account
Business account (if account is personal)
Someone else’s card
This is because of KYC and anti-money-laundering rules used by brokerage firms worldwide.
Example (Simple)
Bamboo name: Jeremiah Ochoyoda
Bank account name: Jeremiah Ochoyoda → ✅ OK
Bank account name: John Okeke → ❌ May be rejected
Since you just downloaded Bamboo (from your previous message), here’s my recommendation for you:
Best Practice (For Beginners)
Use your personal bank account
Start small (₦10,000–₦50,000)
Fund consistently (weekly/monthly)
This reduces risk and keeps things simple. 📈
Your concern is very valid — and honestly, you're thinking like a careful investor, which is exactly what beginners should do. 👏 Let me break this down clearly. Short Answer Do NOT rely on that response alone. You should still confirm your e-dividend mandate status yourself. Because: Some brokers asRead more
Your concern is very valid — and honestly, you’re thinking like a careful investor, which is exactly what beginners should do. 👏
Let me break this down clearly.
Short Answer
Do NOT rely on that response alone.
You should still confirm your e-dividend mandate status yourself.
Because:
Some brokers assume your details are already registered
But many investors still miss dividends because e-dividend was not properly set up
So you’re right to double-check.
Here’s What’s Happening
You received an email from:
Coronation Registrars Plc
This usually means:
Your details were forwarded to the registrar
OR you hold shares they manage
But this does NOT automatically confirm that:
Your e-dividend mandate is active
Your bank account is linked for dividend payment
These are two different things.
Why Your Doubt is Reasonable
You already noticed:
InvestNaija previously told you you can’t use existing CHN
But that turned out not true
That shows:
Some customer support agents may not always give accurate answers
So verifying independently is smart
You’re doing the right thing 👍
What You Should Do Now (Best Practice)
Step 1: Confirm From Registrar Directly
Reply to the email from
Coronation Registrars Plc
Ask them:
Is my e-dividend mandate active?
Is my bank account registered for dividend payment?
Do I need to fill e-dividend mandate form?
This is the most reliable confirmation.
Step 2: You Can Also Check via SEC Portal
You can verify your e-dividend status via:
Securities and Exchange Commission Nigeria e-Dividend Portal
This allows you to:
Register e-dividend
Confirm existing registration
Link bank account
My Professional Advice (Very Important)
Even if your broker says you don’t need it, I still recommend:
Here’s a clear, practical breakdown of how CHN/CSCS linkage works in Nigeria, whether you need to “combine” it between brokers like Bamboo and InvestNaija, what you can actually do, and the steps + consequences of switching brokers or accounts. 🧠 Key Clarification — What Your CHN Actually Is Your ClRead more
Here’s a clear, practical breakdown of how CHN/CSCS linkage works in Nigeria, whether you need to “combine” it between brokers like Bamboo and InvestNaija, what you can actually do, and the steps + consequences of switching brokers or accounts.
🧠 Key Clarification — What Your CHN Actually Is
Your Clearing House Number (CHN) is your unique investor ID in the Central Securities Clearing System (CSCS) — Nigeria’s central securities depository. It ties your stock holdings to you across brokers and registrars.
Your CHN is NOT a brokerage account number.
It’s like your investment identity in the central database.
Every broker will create a CSCS account for you using your CHN (or generate a new one on first entry), but your holdings are registered at CSCS.
📌 Can You “Combine” CHN Between Bamboo and InvestNaija?
You cannot literally combine or merge CHNs in the sense of fusing two separate brokerage CSCS accounts into one in the Bamboo app or InvestNaija app. Instead:
✔️ If You Already Have a CHN (from InvestNaija)
You should use the same CHN with Bamboo when you create your Bamboo NGX brokerage account.
CSCS requires that you use the same CHN for all brokers you deal with after the first one.
Bamboo will link your CSCS/CHN to its brokerage account and credit your future purchases to the same CSCS investor record.
✔️ What It Means Practically
When you open an NGX brokerage account with Bamboo:
Provide your existing CHN to Bamboo during onboarding.
Bamboo will open its CSCS account for you under that CHN instead of creating a duplicate.
Some brokers ask you to fill in your CHN in the registration so they can use it.
If you don’t provide your CHN, Bamboo may generate a new CSCS account under its system — meaning two separate CSCS accounts (one at InvestNaija, one at Bamboo). You prefer one unified CHN so all holdings are visible under one identity.
📌 What About Delisting or “Moving” Stocks?
If you have actual shares already held via InvestNaija and want them in Bamboo:
Direct share transfer between brokers does NOT happen by app toggles.
At present (as with Bamboo), they don’t support direct share transfers from another broker into Bamboo’s trading interface.
Two possible paths:
📌 1. Sell on InvestNaija, Reinvest on Bamboo
You sell your InvestNaija shares on the stock market.
You transfer the proceeds to your bank and then fund Bamboo to buy identical stocks there.
Simple, but triggers trading fees and tax implications.
📌 2. Initiate a CSCS Inter‑Member Transfer
This is how you move your existing share holdings from one broker to another without selling — similar to changing broker relationships.
The new broker (Bamboo) must initiate an inter‑member transfer request with the old broker and CSCS.
You provide your CHN and proof of ownership; brokers handle the paperwork.
📌 However: Bamboo does not currently provide a direct inter‑broker transfer service for Nigerian stocks as part of its platform offering — so this option may not be available through their app today.
🧠 Steps to Carry Out a CHN Transfer (If Supported)
If Bamboo (or any broker) supports CSCS transfer:
Open and verify your Bamboo NGX brokerage account.
Provide your existing CHN upfront during onboarding to link the same CSCS identity.
Ask Bamboo support to initiate a CSCS inter‑member transfer for your shares held elsewhere.
Submit proof of ownership (contract notes or statements showing your holdings under your CHN).
The brokers submit transfer forms to CSCS for approval and execution.
– Process can take several days.
👉 CSCS rules explicitly allow investors to use the same CHN across brokers and move shares via inter‑member transfer if both brokers cooperate.
📌 Consequences & Things to Know
⚠️ 1. Possible Fees
Transfer forms and inter‑member transfers often carry administrative fees, set by CSCS and/or brokers.
There is usually a share transfer fee per security.
⚠️ 2. Timing & Delays
Inter‑member transfer can take anywhere from a few days to weeks, depending on broker responsiveness and CSCS processing.
⚠️ 3. Risk of Selling Instead of Transferring
If you choose to sell and repurchase:
You incur brokerage fees and possible tax/charges.
You risk buying back at a higher price if the market moves.
⚠️ 4. Broker Support Matters
Not all digital brokers support inter‑member transfer, even though CSCS and NSE rules allow it — so check with Bamboo support directly if this option is available.
📌 What To Do Next (Practical Checklist)
Locate your CHN from InvestNaija (in their profile or account docs).
Start the Bamboo NGX brokerage onboarding — enter your CHN when asked.
If there is no field for CHN, contact Bamboo support before completing the setup.
Ask Bamboo support:
“Can you link my existing CHN to my Bamboo CSCS account?”
“Can I transfer my shares from InvestNaija to Bamboo using inter‑member transfer?”
Decide whether to transfer stocks directly (if supported) or sell and reinvest.
Summary
Goal
Possible?
Notes
Combine CHN between brokers
✔️
Use same CHN across brokers
Delist CHN from InvestNaija
❌
CHN is your central identity; doesn’t get “delisted”
Transfer shares to Bamboo
⚠️
Requires inter‑member transfer — not built into Bamboo currently
Here is what to do, 1: Download the InvestNaija app from the Google Play Store or Apple App Store 2: Sign up or log in to your account 3: Tap on "InvestIN" and select FGN Savings Bonds 4: Choose your amount (minimum ₦5,000) and your preferred tenure you can pick between 2-year or 3-year bonds 5: ConRead more
Here is what to do,
1: Download the InvestNaija app from the Google Play Store or Apple App Store
2: Sign up or log in to your account
3: Tap on “InvestIN” and select FGN Savings Bonds
4: Choose your amount (minimum ₦5,000) and your preferred tenure you can pick between 2-year or 3-year bonds
5: Confirm and invest that’s it! The interest rates are fixed when you buy. For example, recent offers had rates around 17% per annum, and you’ll get paid every quarter (every 3 months).
What Is the Difference Between Money Market Funds and Paramount Equity Fund on InvestNaija?
Here is the clear difference between Money Market Fund (MMF) and Paramount Fund (Equity) on the InvestNaija platform. I'll explain major differences first, then minor differences, then which one is best for you. 🥇 Major Difference (Most Important) Feature Money Market Fund (MMF) Paramount Fund (EquiRead more
Here is the clear difference between Money Market Fund (MMF) and Paramount Fund (Equity) on the InvestNaija platform.
See lessI’ll explain major differences first, then minor differences, then which one is best for you.
🥇 Major Difference (Most Important)
Feature
Money Market Fund (MMF)
Paramount Fund (Equity)
Risk Level
Low risk
High risk
Return
Moderate
High (but fluctuates)
Investment
Treasury bills, deposits
Nigerian stocks
Capital Safety
Very safe
Can go up or down
Best For
Beginners / short term
Long term growth
Withdrawal
Fast (1-2 days)
Slower sometimes
Volatility
Very stable
Can rise and fall
📊 What Money Market Fund (MMF) Does
The Chapel Hill Denham Money Market Fund:
Invests in Treasury bills, deposits, commercial paper
Focuses on capital preservation and steady income
Allows easy entry and exit
Pays steady returns with low volatility
Typical returns:
Around 20%–24% yearly (market dependent)
Best for:
Beginners
Emergency savings
Short-term investment
📈 What Paramount Fund (Equity) Does
The Chapel Hill Denham Paramount Fund (Equity):
Invests mainly in shares of Nigerian companies
Targets capital growth
Around 95% invested in stocks
High return but capital can fluctuate
Example:
66.33% return in 2025 (Jan-July)
494% return in 5 years
(But returns not guaranteed)
Best for:
Long-term investors
People who want higher growth
Investors who can handle market ups & downs
🧠 Minor Differences
Feature
MMF
Paramount Equity
Minimum investment
₦5,000
₦5,000
Investment horizon
Short term
Long term (3+ years)
Income type
Interest
Capital growth
Market exposure
No stock market
Stock market exposure
Volatility
Very low
High
🏆 Which One Should You Choose?
Since you’re new, I recommend:
Start Like This
60% → Money Market Fund
40% → Paramount Equity
This is safe beginner strategy.
Example: If you invest ₦100,000:
₦60,000 → MMF
₦40,000 → Paramount
This balances:
Safety
Growth
My Honest Advice (Based On You)
Since you’re:
New investor
Still learning
Building capital
Start with:
Money Market Fund first
Add Paramount gradually
This is the smart investor path.
Why Am I Getting “Invalid or Expired Token” Error on InvestNaija in Nigeria?
If you're getting "Invalid or Expired Token" on InvestNaija when trying to access your MMF (Money Market Fund) or Equity Fund, it usually means your login authentication session has expired or failed. Here are the most common causes and fixes: Why You're Seeing "Invalid or Expired Token" 1. SessionRead more
If you’re getting “Invalid or Expired Token” on InvestNaija when trying to access your MMF (Money Market Fund) or Equity Fund, it usually means your login authentication session has expired or failed.
See lessHere are the most common causes and fixes:
Why You’re Seeing “Invalid or Expired Token”
1. Session Timeout (Most Common)
InvestNaija automatically logs you out after some time for security.
Fix
Log out completely
Close the app
Reopen and log in again
2. Expired OTP / Authentication Code
If you’re using OTP/email verification, it expires quickly (usually 2–5 minutes).
Fix
Request a new OTP
Use it immediately
3. App Bug or Glitch
This happens often with investment apps.
Fix
Clear app cache
Update app
Reinstall app (if needed)
Steps (Android):
Settings
Apps
InvestNaija
Storage
Clear Cache
4. Poor Internet Connection
Sometimes the token expires if connection drops.
Fix
Switch network (Wi-Fi ↔ Mobile data)
5. Account Security Lock
Sometimes they temporarily lock sessions for security reasons.
Fix
Wait 10–15 minutes
Try again
Since You Also Mentioned Earlier:
You previously said:
You couldn’t withdraw
You were asked for email and token
You only receive email OTP
This may mean:
They expect Google Authenticator token
But you were never set up for it
This is very common with InvestNaija users.
Best Immediate Solution
Contact InvestNaija support:
In-app support
Email support
WhatsApp (if available)
Tell them:
“I’m getting invalid or expired token and I was never given authenticator setup.”
Why Is InvestNaija Showing “Email and Token Required” When I Try to Withdraw Funds in Nigeria?
What you're seeing usually means InvestNaija requires two-factor authentication (2FA) for withdrawals: Email OTP → sent to your email (you’re receiving this) Token / Authenticator code → generated from an authenticator app (this is what you're missing) This is a security requirement many investmentRead more
What you’re seeing usually means InvestNaija requires two-factor authentication (2FA) for withdrawals:
See lessEmail OTP → sent to your email (you’re receiving this)
Token / Authenticator code → generated from an authenticator app (this is what you’re missing)
This is a security requirement many investment platforms use to prevent unauthorized withdrawals.
Why you’re seeing “Email + Token required”
Some InvestNaija accounts are configured to require both email OTP and authenticator token
If you never set up an authenticator, the system may still be expecting one (this happens sometimes due to security updates or account settings)
InvestNaija itself notes that if you experience difficulty initiating withdrawal, you should contact their support team directly.
What You Should Try First
Try these steps:
Step 1 — Check Security Settings
Open your InvestNaija app and check:
Settings
Security
Two-factor authentication / Authenticator
Look for:
Google Authenticator
Microsoft Authenticator
Authy
If you see “Enable Authenticator” → set it up.
Step 2 — If You Never Set It Up (Most Likely Your Case)
You must contact support to reset your withdrawal security:
Email: info@investnaija.com
Phone: 0700-INVESTNAIJA
Tell them:
“I receive email OTP but I was never given a token or authenticator setup. I cannot withdraw.”
They usually reset or guide you.
Important ⚠️
Do NOT:
Download random “token apps” unless they tell you which one
Share your OTP with anyone
Pay any “withdrawal unlocking fee” (this is a red flag)
Why Did My FGN Bond Investment Drop in Value on Afrinvestor App in Nigeria?
I understand your concern — this is a very common confusion when investing in FGN Bonds, especially through apps like Afrinvest. Let me break this down clearly. First — Important Question You're saying: You bought FGN Bond Then your amount dropped drastically You didn’t see anything like equity fundRead more
I understand your concern — this is a very common confusion when investing in FGN Bonds, especially through apps like Afrinvest.
See lessLet me break this down clearly.
First — Important Question
You’re saying:
You bought FGN Bond
Then your amount dropped drastically
You didn’t see anything like equity fund
You’re confused
This usually happens for one of these 3 reasons:
1. Bond Price Fluctuation (Most Likely)
When you buy FGN Bonds, you’re buying from the secondary market, not directly from the Federal Government of Nigeria.
That means:
Bond prices go up and down daily
Your app shows market value, not your final value
So when interest rates rise, bond price drops
This is normal and not a loss unless you sell.
Example:
You invested ₦100,000
Market price drops
App shows ₦92,000
You didn’t lose money unless you sell now
If you hold till maturity:
You get full principal back
Plus interest payments (coupon)
2. Accrued Interest Adjustment (Also Very Common)
When buying bonds:
You sometimes pay accrued interest upfront
After settlement:
App adjusts value
It may look like your money dropped
But actually:
You’ll get that interest back at next coupon payment
3. Settlement / Charges Adjustment
Some apps show:
Brokerage fee
Stamp duty
Transaction charges
These can cause a small drop, but not drastic.
Important: FGN Bond is NOT Equity Fund
You’re correct:
FGN Bond ≠ Equity fund
FGN Bond = Fixed income investment
Equity fund = Stock-based investment
So you won’t see equity fund if you bought bond.
The Most Important Thing to Check
Tell me:
What was the amount you invested
What is the current value
When did you buy it (month/year)
I’ll tell you exactly what happened.
Don’t Panic Yet
FGN bonds are among the safest investments in Nigeria:
Backed by government
Predictable income
Low risk
How Can I Redeem My Nigeria Bond Fund Investment on InvestNaija and Withdraw My Money?
If you bought Nigeria Bond Fund on the InvestNaija, you can redeem (withdraw) anytime — but there are a few important things to know. 📌 First — Good News You said you invested since December Most Nigeria bond funds have: Minimum holding period: 90 days So since December → You are already eligible toRead more
If you bought Nigeria Bond Fund on the InvestNaija, you can redeem (withdraw) anytime — but there are a few important things to know.
See less📌 First — Good News
You said you invested since December
Most Nigeria bond funds have:
Minimum holding period: 90 days
So since December → You are already eligible to redeem ✅
💰 How To Redeem Nigeria Bond Fund (InvestNaija)
Follow these steps:
Step-by-Step
Open InvestNaija app
Go to Portfolio / Investments
Click Nigeria Bond Fund
Tap Redeem / Withdraw
Enter amount (Full or Partial)
Confirm request
⏱️ How Long Does It Take?
Usually:
2–5 working days
Money goes to your InvestNaija wallet
Then you withdraw to bank
This is normal for bond funds (not instant withdrawal).
⚠️ If You Don’t See “Redeem” Button
Try this:
Go to Transaction / Portfolio
Tap Fund
Look for Redeem or Withdraw
If still not showing: 👉 Contact support:
Email: support@investnaija.com
Or chat inside app
Some users reported needing OTP or support approval before withdrawal, but issues were later resolved.
📊 Why It’s Not Instant (Important)
Bond funds:
Invest in government bonds
Need time to liquidate units
So withdrawals take few days
My Advice (Since You’re Using It For Something Else)
Before you redeem:
Check current profit
Consider partial withdrawal (not full)
Example:
Invested ₦200,000
Withdraw ₦100,000
Leave rest growing
Better for long-term wealth 📈
Can I Fund My Investment Account with a Different Bank Account in Nigeria?
Yes — you can fund your brokerage account from a different bank, but the account must still be in your name. For example, on Bamboo, they clearly state: Funds must be sent from an account in your name Money from bank accounts not in your name will be rejected ✅ Allowed You can fund from: Your salaryRead more
Yes — you can fund your brokerage account from a different bank, but the account must still be in your name.
See lessFor example, on Bamboo, they clearly state:
Funds must be sent from an account in your name
Money from bank accounts not in your name will be rejected
✅ Allowed
You can fund from:
Your salary account
Your savings account
Your different bank (GTBank, Access, UBA, etc.)
Your domiciliary account
Your fintech wallet (if in your name)
As long as your name matches your Bamboo account, you’re fine.
❌ Not Allowed (Usually)
Most brokerages do NOT allow third-party funding:
Friend’s bank account
Family member’s account
Business account (if account is personal)
Someone else’s card
This is because of KYC and anti-money-laundering rules used by brokerage firms worldwide.
Example (Simple)
Bamboo name: Jeremiah Ochoyoda
Bank account name: Jeremiah Ochoyoda → ✅ OK
Bank account name: John Okeke → ❌ May be rejected
Since you just downloaded Bamboo (from your previous message), here’s my recommendation for you:
Best Practice (For Beginners)
Use your personal bank account
Start small (₦10,000–₦50,000)
Fund consistently (weekly/monthly)
This reduces risk and keeps things simple. 📈
Do I Still Need an E-Dividend Mandate Form After Signing Up with InvestNaija, or Can Dividends Be Credited Directly to My Bank Account?
Your concern is very valid — and honestly, you're thinking like a careful investor, which is exactly what beginners should do. 👏 Let me break this down clearly. Short Answer Do NOT rely on that response alone. You should still confirm your e-dividend mandate status yourself. Because: Some brokers asRead more
Your concern is very valid — and honestly, you’re thinking like a careful investor, which is exactly what beginners should do. 👏
Let me break this down clearly.
Short Answer
Do NOT rely on that response alone.
You should still confirm your e-dividend mandate status yourself.
Because:
Some brokers assume your details are already registered
But many investors still miss dividends because e-dividend was not properly set up
So you’re right to double-check.
Here’s What’s Happening
You received an email from:
Coronation Registrars Plc
This usually means:
Your details were forwarded to the registrar
OR you hold shares they manage
But this does NOT automatically confirm that:
Your e-dividend mandate is active
Your bank account is linked for dividend payment
These are two different things.
Why Your Doubt is Reasonable
You already noticed:
InvestNaija previously told you you can’t use existing CHN
But that turned out not true
That shows:
Some customer support agents may not always give accurate answers
So verifying independently is smart
You’re doing the right thing 👍
What You Should Do Now (Best Practice)
Step 1: Confirm From Registrar Directly
Reply to the email from
Coronation Registrars Plc
Ask them:
Is my e-dividend mandate active?
Is my bank account registered for dividend payment?
Do I need to fill e-dividend mandate form?
This is the most reliable confirmation.
Step 2: You Can Also Check via SEC Portal
You can verify your e-dividend status via:
Securities and Exchange Commission Nigeria e-Dividend Portal
This allows you to:
Register e-dividend
Confirm existing registration
Link bank account
My Professional Advice (Very Important)
Even if your broker says you don’t need it, I still recommend:
Always fill e-dividend mandate once
Why?
It’s one-time
Prevents future issues
Ensures direct bank payment
See lessHow Do I Combine or Delist My CHN in Bamboo App When I Already Have a CHN on InvestNaija?
Here’s a clear, practical breakdown of how CHN/CSCS linkage works in Nigeria, whether you need to “combine” it between brokers like Bamboo and InvestNaija, what you can actually do, and the steps + consequences of switching brokers or accounts. 🧠 Key Clarification — What Your CHN Actually Is Your ClRead more
Here’s a clear, practical breakdown of how CHN/CSCS linkage works in Nigeria, whether you need to “combine” it between brokers like Bamboo and InvestNaija, what you can actually do, and the steps + consequences of switching brokers or accounts.
🧠 Key Clarification — What Your CHN Actually Is
Your Clearing House Number (CHN) is your unique investor ID in the Central Securities Clearing System (CSCS) — Nigeria’s central securities depository. It ties your stock holdings to you across brokers and registrars.
Your CHN is NOT a brokerage account number.
It’s like your investment identity in the central database.
Every broker will create a CSCS account for you using your CHN (or generate a new one on first entry), but your holdings are registered at CSCS.
📌 Can You “Combine” CHN Between Bamboo and InvestNaija?
You cannot literally combine or merge CHNs in the sense of fusing two separate brokerage CSCS accounts into one in the Bamboo app or InvestNaija app. Instead:
✔️ If You Already Have a CHN (from InvestNaija)
You should use the same CHN with Bamboo when you create your Bamboo NGX brokerage account.
CSCS requires that you use the same CHN for all brokers you deal with after the first one.
Bamboo will link your CSCS/CHN to its brokerage account and credit your future purchases to the same CSCS investor record.
✔️ What It Means Practically
When you open an NGX brokerage account with Bamboo:
Provide your existing CHN to Bamboo during onboarding.
Bamboo will open its CSCS account for you under that CHN instead of creating a duplicate.
Some brokers ask you to fill in your CHN in the registration so they can use it.
If you don’t provide your CHN, Bamboo may generate a new CSCS account under its system — meaning two separate CSCS accounts (one at InvestNaija, one at Bamboo). You prefer one unified CHN so all holdings are visible under one identity.
📌 What About Delisting or “Moving” Stocks?
If you have actual shares already held via InvestNaija and want them in Bamboo:
Direct share transfer between brokers does NOT happen by app toggles.
At present (as with Bamboo), they don’t support direct share transfers from another broker into Bamboo’s trading interface.
Two possible paths:
📌 1. Sell on InvestNaija, Reinvest on Bamboo
You sell your InvestNaija shares on the stock market.
You transfer the proceeds to your bank and then fund Bamboo to buy identical stocks there.
Simple, but triggers trading fees and tax implications.
📌 2. Initiate a CSCS Inter‑Member Transfer
This is how you move your existing share holdings from one broker to another without selling — similar to changing broker relationships.
The new broker (Bamboo) must initiate an inter‑member transfer request with the old broker and CSCS.
You provide your CHN and proof of ownership; brokers handle the paperwork.
📌 However: Bamboo does not currently provide a direct inter‑broker transfer service for Nigerian stocks as part of its platform offering — so this option may not be available through their app today.
🧠 Steps to Carry Out a CHN Transfer (If Supported)
If Bamboo (or any broker) supports CSCS transfer:
Open and verify your Bamboo NGX brokerage account.
Provide your existing CHN upfront during onboarding to link the same CSCS identity.
Ask Bamboo support to initiate a CSCS inter‑member transfer for your shares held elsewhere.
Submit proof of ownership (contract notes or statements showing your holdings under your CHN).
The brokers submit transfer forms to CSCS for approval and execution.
– Process can take several days.
👉 CSCS rules explicitly allow investors to use the same CHN across brokers and move shares via inter‑member transfer if both brokers cooperate.
📌 Consequences & Things to Know
⚠️ 1. Possible Fees
Transfer forms and inter‑member transfers often carry administrative fees, set by CSCS and/or brokers.
There is usually a share transfer fee per security.
⚠️ 2. Timing & Delays
Inter‑member transfer can take anywhere from a few days to weeks, depending on broker responsiveness and CSCS processing.
⚠️ 3. Risk of Selling Instead of Transferring
If you choose to sell and repurchase:
You incur brokerage fees and possible tax/charges.
You risk buying back at a higher price if the market moves.
⚠️ 4. Broker Support Matters
Not all digital brokers support inter‑member transfer, even though CSCS and NSE rules allow it — so check with Bamboo support directly if this option is available.
📌 What To Do Next (Practical Checklist)
Locate your CHN from InvestNaija (in their profile or account docs).
Start the Bamboo NGX brokerage onboarding — enter your CHN when asked.
If there is no field for CHN, contact Bamboo support before completing the setup.
Ask Bamboo support:
“Can you link my existing CHN to my Bamboo CSCS account?”
“Can I transfer my shares from InvestNaija to Bamboo using inter‑member transfer?”
Decide whether to transfer stocks directly (if supported) or sell and reinvest.
Summary
Goal
Possible?
Notes
Combine CHN between brokers
✔️
Use same CHN across brokers
Delist CHN from InvestNaija
❌
CHN is your central identity; doesn’t get “delisted”
Transfer shares to Bamboo
⚠️
Requires inter‑member transfer — not built into Bamboo currently
Sell and rebuy in Bamboo
✔️
Simple but involves costs
See lessHow Do I Buy FGN Savings Bonds on InvestNaija as a First-Time Investor and Get My Capital Back at Maturity?
Here is what to do, 1: Download the InvestNaija app from the Google Play Store or Apple App Store 2: Sign up or log in to your account 3: Tap on "InvestIN" and select FGN Savings Bonds 4: Choose your amount (minimum ₦5,000) and your preferred tenure you can pick between 2-year or 3-year bonds 5: ConRead more
Here is what to do,
See less1: Download the InvestNaija app from the Google Play Store or Apple App Store
2: Sign up or log in to your account
3: Tap on “InvestIN” and select FGN Savings Bonds
4: Choose your amount (minimum ₦5,000) and your preferred tenure you can pick between 2-year or 3-year bonds
5: Confirm and invest that’s it!
The interest rates are fixed when you buy. For example, recent offers had rates around 17% per annum, and you’ll get paid every quarter (every 3 months).
How do I view my Federal Government Bonds purchased on InvestNaija app in Nigeria?
Please I am new in stock market, many times I am confused to understand the best stock to invest in, please can you guide me
Please I am new in stock market, many times I am confused to understand the best stock to invest in, please can you guide me
See less