
Financial Educator | Creator & Ecosystem Lead | Helping young people build wealth through @EduWealthNG | For education, not financial Advice
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Joined January 2022
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ProfitableMan retweeted
Replying to @ProfitableMan1
Rent and invest the rest.
Wish I knew this before.
Replying to @the_goodfemi
Look at it again... excluding the principal
Go for Risevest Dividend Income Plan
Replying to @ProfitableMan1 @Risevest
Is Risevest safe to invest in 14m… just wanted a monthly returns… looking at capital preservation. Top priority.
₦5M CAN EARN ₦5.75M IN 5 YEARS. HERE'S THE MATHS.
I noticed some people misunderstood my previous post, so let me clarify.
If you put ₦5 million into Risevest's Naira Vault at the displayed rate of 23% per annum for 5 years:
Yearly return: ₦1,150,000
5-year estimated returns: ₦5,750,000
Your original ₦5,000,000 + ₦5,750,000 returns = ₦10,750,000.
So, the estimated profit is ₦5.75 million, not ₦750,000.
₦5M in the Naira Vault on @Risevest for 5 years will give you ₦5.75M.
Capital is safe...
ProfitableMan retweeted
Oh now I understand
The 5,750,000 is the total interest earned for 5 years excluding principal
So, in total you get 10,750,000 after 5 years
Not a bad investment
₦5M in the Naira Vault on @Risevest for 5 years will give you ₦5.75M.
Capital is safe...
Replying to @BilionaireRaven @Risevest
Yes, but 5.7M on 5m is not small too
The naira strengthened officially, but the gap widened
The NFEM rate improved 1.09% to ₦1,352.87 per dollar, while the average BDC rate weakened 0.72% to ₦1,385. The gap between the two markets jumped to 2.37% from 0.54%.
Some banks surged, but the Banking Index barely moved
Wema Bank rose 4.01%, Access Holdings 3.26% and Stanbic IBTC 3.06%, yet the Banking Index gained just 0.01%. The Insurance Index fell 2.44%.
Three indexes, three different stories
The All Share Index rose 1.07%, the Proshare cap weighted index rose 2.41% and the float adjusted index rose 0.73%. Meanwhile 36 stocks fell and only 20 rose. Which index you read changes the mood.
One stock was 94.30% of the day's trading value
First Holdco traded ₦416.29bn of the market's ₦441.44bn, with 4.88bn units, or 93.19% of volume. Total value rose 1,634.54% on the day, so one stock drove the headline.
Dangote Cement hit a 52 week high after three straight rallies
DANGCEM rose 9.80% to ₦1,341.90 from ₦1,222.10, lifting the Industrial Index 5.50%. That is roughly a 33% climb in three sessions, by my calculation.
₦5.86trn added in three sessions
Market cap gained ₦1.47trn on Friday, ₦2.64trn on Monday and ₦1.75trn on Tuesday, now about ₦164.90trn. The index is up 3.69% from Thursday's close, by my calculation.
Replying to @ReubenChibuzoE
The profit is ₦5,000,000 + ₦5,750,000 = ₦10,750,000
Replying to @ReubenChibuzoE
The profit is ₦5,000,000 + ₦5,750,000 = ₦10,750,000




