Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it's pays quarterly dividends (four times a year) Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source) You can sell whenever you want through your broker subjected to market price andRead more
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it’s pays quarterly dividends (four times a year)
Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source)
You can sell whenever you want through your broker subjected to market price and available buyer
Your capital is not guaranteed although NIDF do not usually fluctuate like other stock
So you bought more units of NIDF at a higher price than what you saw listed on the stock exchange board, and you're wondering why that happened? Let's break it down in a way that even Mama Ngozi from the village can understand.Imagine you go to the market to buy tomatoes from Mama Ngozi, and you seeRead more
So you bought more units of NIDF at a higher price than what you saw listed on the stock exchange board, and you’re wondering why that happened? Let’s break it down in a way that even Mama Ngozi from the village can understand.
Imagine you go to the market to buy tomatoes from Mama Ngozi, and you see that the price of tomatoes is higher today than what was listed yesterday. This could be because of a few reasons:
1. Supply and Demand: Just like in the market, if there is more demand for a product like NIDF, the price can go up. More people may have been trying to buy NIDF at that time, causing the price to increase.
2. News or Information: Sometimes, news or information about a company or fund can affect its price. If there was good news about NIDF, more people might want to buy it, causing the price to rise.
3. Market Conditions: The overall market conditions can also influence the price of a fund. If the market is generally doing well, prices of funds like NIDF could be higher.
4. Timing: The timing of your purchase can also play a role. If you bought the units at a busy time of day for trading, prices could fluctuate more.
So, in a nutshell, the price of NIDF can change due to factors like supply and demand, news, market conditions, and timing of your purchase. It’s like buying tomatoes from Mama Ngozi at the village market – prices can vary based on many factors.
How does nidf work in Nigeria?
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it's pays quarterly dividends (four times a year) Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source) You can sell whenever you want through your broker subjected to market price andRead more
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it’s pays quarterly dividends (four times a year)
See lessSecondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source)
You can sell whenever you want through your broker subjected to market price and available buyer
Your capital is not guaranteed although NIDF do not usually fluctuate like other stock
Why Did I Buy NIDF Units at a Price Higher Than the Listed Price on the Nigerian Stock Exchange?
So you bought more units of NIDF at a higher price than what you saw listed on the stock exchange board, and you're wondering why that happened? Let's break it down in a way that even Mama Ngozi from the village can understand.Imagine you go to the market to buy tomatoes from Mama Ngozi, and you seeRead more
So you bought more units of NIDF at a higher price than what you saw listed on the stock exchange board, and you’re wondering why that happened? Let’s break it down in a way that even Mama Ngozi from the village can understand.
Imagine you go to the market to buy tomatoes from Mama Ngozi, and you see that the price of tomatoes is higher today than what was listed yesterday. This could be because of a few reasons:
1. Supply and Demand: Just like in the market, if there is more demand for a product like NIDF, the price can go up. More people may have been trying to buy NIDF at that time, causing the price to increase.
2. News or Information: Sometimes, news or information about a company or fund can affect its price. If there was good news about NIDF, more people might want to buy it, causing the price to rise.
3. Market Conditions: The overall market conditions can also influence the price of a fund. If the market is generally doing well, prices of funds like NIDF could be higher.
4. Timing: The timing of your purchase can also play a role. If you bought the units at a busy time of day for trading, prices could fluctuate more.
So, in a nutshell, the price of NIDF can change due to factors like supply and demand, news, market conditions, and timing of your purchase. It’s like buying tomatoes from Mama Ngozi at the village market – prices can vary based on many factors.
See less