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Lead Capital Plc launches Lead Balanced Fund

Nigeria’s leading investment banking group, Lead Capital Plc has launched a new mutual fund it titled Lead Balanced Fund (IBF).



Lead Balanced Fund

Nigeria’s leading investment banking group, Lead Capital Plc, has launched a new mutual fund titled Lead Balanced Fund (IBF).

Here’s what will interest you about IBF: The Lead Balanced Fund is an Open-Ended Fund authorised and registered in Nigeria as a Unit Trust Scheme under Section 160 of the Investment and Securities Act No. 29, 2007. It comprises of 5,000,000 units of N100.00 each.

The Fund is governed by a trust deed, and United Capital Trustees Limited has been appointed as Trustees. The Units of the Fund will be issued on a continuous basis to new subscribers at the prevailing offer price after the initial offering.

IBF’s Investment Objectives: The Fund seeks to achieve capital appreciation, by holding long term positions in different asset classes and providing regular income streams for unitholders. The also fund focuses on value investing, by holding long term equity positions in viable blue chip companies that are attractively priced and listed on the NSE.

In addition, the fund invests in high quality fixed income securities such as Treasury Bills, Bonds, and other short term instruments, thereby reducing the overall volatility of the investment portfolio and offering investors competitive returns.

IBF’s Investment Incentives: The Lead Balanced Fund is an investment vehicle suitable for investors with moderate to high-risk appetite. It offers the following benefits to subscribers:

a.    Diversification: Investors seeking to maintain a certain return-risk profile in their investment portfolio have the opportunity to invest in the Balanced Fund, which invests in a wide array of assets with diverse risk levels and returns potentials. This is expected to provide some level of stability as against holding an investment in a single asset class.

b.    Capital Appreciation: The Fund seeks to take long term positions in quality securities, which have track records and strong potentials for value appreciation and return for investors. These positions will be monitored in accordance with the Fund’s policy to ensure that its objectives are been achieved.

c.    Liquidity: Investors can easily redeem (either in full or in part) their unit holding in the Fund at any given period. This will be done in accordance with the provisions in the Trust Deed.

d.    Income: The Fund is structured to distribute dividends to subscribers annually from the net income earned for each financial year, as approved by the Investment Committee and in line with the provisions of the Trust Deed.

e.    Professional Fund Management: The Fund is managed by a team of experienced portfolio managers, who have in-depth knowledge of the investment environment and are committed to the effective administration of the Fund. The Investment Committee is set up to provide necessary guidance on the administration of the Fund and oversee the investment selection process, supported by robust research.

Asset Allocation:



Asset Class

Asset Allocation Range (%)

Target      Weighting (%)

Jaiz bank



10 – 60



Treasury Bills/other money market securities

20 – 70





0 – 20




0 – 5



While the application list for this Fund was opened on Friday, April 5, 2019, the application list will be closed on Tuesday, May 14, 2019.

Click the links below to download:

  1. The Offer Prospectus
  2. The Subscription Form

Subscription Method:
You can subscribe to this fund through the following steps:
1. Download and complete the LBF Subscription Form below.
2. Pay the subscription amount to the below-designated bank.
3. Scan and send a copy of the completed form with payment evidence (Transfer details/Deposit Slip) to [email protected]
4. The Customer Service unit will contact you within 2hrs to confirm receipt of your form and payment.

Offer proceed bank accounts

Below  N10million

Above 10Million

Bank: Guaranty Trust BankBank: Access Bank Plc
Name: Lead Asset Management LimitedName: Lead Balanced Fund Offer Proceed
Account: 0004526622Account: 0801626311
Sort code: 044150291


Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Tip Jar, Twitter’s new giveaway feature that lets users send money to you

Twitter has introduced a new feature called Tip Jar that allows you send money to your favourite tweeters.



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Twitter has introduced a new feature called Tip Jar that allows you send money to your favourite tweeters.

According to the blog post, “Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter. This is a first step in our work to create new ways for people to receive and show support on Twitter – with money.”

The new feature utilizes different payment platforms like PayPal, Venmo, Patreon, CashApp, and others.

Users can link their Twitter accounts with Tip Jar to any of these payment providers. Twitter takes no cut.

READ: Facebook is creating an audio chat product similar to Clubhouse

You’ll know an account’s Tip Jar is enabled if you see a Tip Jar icon next to the Follow button on their profile page. Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled. Select whichever payment service or platform you prefer and you’ll be taken off Twitter to the selected app where you can show your support in the amount you choose.

Twitter has released series of features this year as part of its efforts to grow Twitter’s user base to 315 million daily active users by the end of 2023.

The company also launched Twitter crop where images don’t get crop again on Twitter for Android or iOS. Standard aspect ratio images (16:9 and 4:3) will now display in full without any cropping and images will look just like they did when you shot them.


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Lauren Alexander, a Twitter spokesperson said, “Today’s launch is a direct result of the feedback people shared with us last year that the way our algorithm cropped images wasn’t equitable, The new way of presenting images decreases the platform’s reliance on automatic, machine learning-based image cropping.”

Twitter has tested several features and more will be rolled out soon.

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Customs Apapa Command generates revenue of N65.4 billion in April

This indicates a 64% increase in collection and an unprecedented record that has never been achieved in the history of Apapa Area Command.



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The Nigerian Customs Service (NCS) Apapa Area Command has announced a revenue of N65,463,398,355.85 for the month of April—an increase of N25,585,561,139.92 compared to the same period last year.

This was disclosed by Comptroller Ibrahim Yusuf, Area Controller of Apapa command, in a press briefing on Thursday.

What Ibrahim Yusuf is saying

“This indicates a 64% increase in collection and an unprecedented record that has never been achieved in the history of Apapa Area Command.

In line with the provision of extant laws, trade guidelines, and enforcement of government fiscal policy measures, the command was able to further strengthen its anti-smuggling operations against economic saboteurs through credible intelligence-driven operations.

READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

This led to the seizure of 4×40 feet containers laden with unregistered pharmaceuticals (674 cartons of tramadol tablets in 225mg and 120mg, and 805 cartons of codeine syrup in 100ml) at APMT and SIFAX 3 bonded terminal respectively.

Other items seized in the period under review include: two containers of unprocessed wood and one container of scrap copper wire,” he said.

He added that the progress the Apapa Command made in the month of April was possible due to the resilience of the officers, citing that the Command had taken steps to ensure efficient revenue collection by creating an enabling environment for legitimate businesses to thrive.

What you should know

Recall Nairametrics reported that the Nigeria Customs Service (NCS) Apapa Command stated earlier that it generated a revenue of N159.58 billion in the first quarter of 2021.

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