Passfolio, a US-registered broker-dealer founded in 2018, just launched its new web platform available to Nigerian investors. Based in San Francisco (US), Passfolio is a broker-dealer that offers commission-free* US stock trading to investors in more than 170 countries.
Within the past 10 years, the total value of mutual funds in Nigeria grew by 1,927%! That's solid progress. In 2011, the total value was N74 billion and that grew to N1.5 trillion in 2020. This simply means that more people are starting to invest in mutual funds, and we have made this easier as the number 1 retailer of mutual funds. On Cowrywise, you access the highest variety of mutual funds anywhere in Nigeria.
About 300,000 metric tonnes of maize are soon to be released into the Nigerian market from strategic anchors under the Anchor Borrowers' Programme (ABP) of the Central Bank of Nigeria (CBN), which watchers believe will reduce the current price of maize from N155,000 per metric tonne.