United Capital Asset Management mutual funds have recorded significant growth despite the COVID-19 pandemic that has affected the economy and headwinds in the financial markets. Data made available showed that the funds surpassed the market realities and beat the benchmarks.
According to the fund managers, all our funds are actively managed to generate alpha regardless of the market conditions. For instance, the current return on the United Capital Money Market Fund is 5.7 per cent, which is better two per cent yield on the 91-day Treasury Bill in the secondary market.
Also, the United Capital Bond Fund and Eurobond Funds’ yields stand at 8.9 per cent and 6.9 per cent compared to benchmark returns of 6.0 per cent and 3.0 per cent respectively. The benchmark for the two funds are 3-year average FGN Bond yields and LIBOR+2 per cent respectively.
The company said the funds grew mainly on the back of its robust distribution network. “We have been able to complement our physical touchpoints with effective online sales model that allows clients to subscribe and redeem funds seamlessly. Our superior returns also set us apart our funds continued to return above industry average and benchmarks. For our Eurobond Fund, another key driver of the growth was investors demand for FCY due to the weak outlook for the naira especially amidst the pandemic. We have also maintained a strong A credit rating for our Money Market Fund, which gives investors comfort in investing in our funds,” the firm explained.
Commenting further, the Managing Director/CEO United Capital Asset Management, Odiri Oginni, the firm has constantly supported its clients on their journey to financial independence through our mutual funds. “Our mutual funds have grown much faster than the overall market in the last 18 months while returns on the funds consistently outperformed benchmarks, placing us amongst the top five Asset Managers by mutual funds size in the market. We hope to continue in this streak and even surpass it in the months and years ahead,” he said.
Explore Advanced Financial Calculators on Nairametrics
Also commenting, the Group Executive Director, United Capital Plc, Sunny Anene, stated: “the strong growth in the funds under management of our Asset Management subsidiary points to a high level of investor confidence in our brand as we continue to reward our clients with above-market returns regardless of challenges in the market. With an investment-grade credit rating, asset under management in excess of N150 billion, cutting across privately managed funds and 6 collective investment schemes, we remain positioned as a fund manager of choice in Nigeria today.”
FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business, positions its business in Nigeria for growth
Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.
FrieslandCampina WAMCO has completed the purchase of Nutricima’s dairy business in Nigeria. In March FrieslandCampina and PZ Cussons signed an agreement regarding the acquisition. Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.
Nutricima Limited (the “Company”) was founded in Nigeria in 2005 and has earned itself consumer awareness within the dairy industry since then. FrieslandCampina WAMCO has acquired the Company’s production facility in Ikorodu, Lagos State and the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready to drink milk products. These brands have a good presence across the Nigerian dairy market.
This acquisition underlines FrieslandCampina WAMCO’s continued commitment to contribute to the development of the Nigerian dairy sector. The acquisition satisfies the need for additional production capacity for FrieslandCampina WAMCO to meet the growing demand for locally produced evaporated and powdered milk by Nigerian consumers.
According to Roel van Neerbos, President of FrieslandCampina Consumer Dairy, “FrieslandCampina WAMCO has been a key player in Nigeria since 1954. With this acquisition, we demonstrate our strong commitment to Nigeria and its dairy market.”
Ben Langat, Managing Director of FrieslandCampina WAMCO Nigeria said “It is our mission to bring affordable and attainable quality dairy products to all Nigerians and meet the growing demand. That’s why we are pleased with this acquisition.”
Over the last few years, FrieslandCampina WAMCO has invested significantly in capital expenditure, including a new warehouse and a world-class Learning Academy to build capabilities across functions and to drive talent development. Recently, the company commissioned a state of the art plant for local production of Peak Yoghurt, which is directly linked to its highly successful dairy development programme; a major investment that has been at the center of Nigeria’s backward integration in local milk sourcing over the last decade with over 9000 local farmers spread across 5 States in Nigeria.
FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.
Having fulfilled all requirements including requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has commenced operations at the newly acquired plant.
Introducing FLAWP NIGHTS – The uncut stories of failures
FLAWP NIGHTS parades professionals sharing stories of the many failures they have encountered in the course of building their business.
Devland, a Product Management company will be starting an online series called FLAWP NIGHTS.
The word FLAWP is a combination of the words flop + flaw. It speaks of failures encountered in business based on wrong assumptions, epic mistakes in execution capable of crippling business ideas.
FLAWP NIGHTS comes with a unique approach towards failure. A perspective hinged on hope, people united, dispelling the myths around failure by sharing uncut, never been told stories of their ‘flawps’.
“Failure should not be an anchor that drags you to the ground, but rather, a spring board that propels you into success”.
FLAWP NIGHTS parades an impressive list of top Industry Professionals sharing un-cut stories around the many failures they have encountered in the course of building and running their business.
FLAWP NIGHTS boasts of an impressive list of professionals sharing their stories for the month of October, 2020 which include:
1. Obinna Ekezie – Founder, Wakanow.com
2. Michael Idah – Partner, Capstone Venture Partners
3. Ogbo Awoke Ogbo – CEO Transformation Hacks
The first session of FLAWP NIGHTS will air on Thursday, 1st of October 2020 at 8:00PM WAT on Facebook, Youtube & a select number of people will be able to contribute to the live sessions on Zoom.
FLAWP NIGHTS will have established professionals across Africa sharing their stories of failure as a way to change the narrative around failure, igniting a change that will ripple across the entire continent.
Register to get an invite that will grant you access to contribute during the live session via the registration link https://devland.com.ng/flawps/
Follow Devland Solutions on Instagram, Facebook & LinkedIn @devlandng for updates.
Remitano launches Mission, a new online job market for crypto lovers
Remitano introduces Missions, a simple, short-term task platform that anyone can do and get paid for.
Remitano, global P2P crypto exchange, has just launched a new online job market – Mission, the platform’s latest element in its push to realize its full potential and open a new window of employment opportunities to crypto users.
Missions are simple, short-term tasks that anyone can do and get paid for. For example, “Share a Remitano post on Facebook.” The new online job market will provide a range of ‘easy and quick apply’ jobs (mission) for crypto lovers wishing to have additional earnings. This way, applicants can skate through the application process and land jobs fast.
As of the August 2020 announcement, Remitano already released a set of guidelines for users looking to take advantage of the offerings. The guide includes:
- Highlights of the missions
- Steps to apply
- Application requirements
Complete a Mission and Get Instant Crypto
While the internet has become the most vital channel for personal recruiting, and people consider different aspects of a job to be fulfilling, some common elements include work-life balance, growth, and a strong work community. Remitano’s newest mission is geared towards promoting similar values and keeping like–minds meaningfully engaged with the crypto community.
Furthermore, Remitano is thrilled to collaborate with greenhorns interested in building along with it. Hence, if you’re new to cryptocurrency trading and wish to maximize your earnings or want a legitimate way to get instant crypto without purchasing it, you can create a free Remitano account, and join the mission for the next job on hand.
Why You Might Want to Join Remitano’s Mission
- A side job: If you’re looking to expand your income or even monetize your free time, missions are ready for the taking. You will be poised to earn extra cash by helping to present Remitano’s ideas across the internet.
- More remote flexibility: with more people working from home, having a practical and comfortable working space is more important than ever. Remitano encourages this by providing digitized work environments for its employees’ remote adaptability.
- Unlimited geography: missions are for everyone, no matter where they are. Job seekers can access available online jobs from anywhere and apply for roles they fit into.
- Streamlined application: applicants only need to prep and submit requisites and certificates, allowing you to walkover face-to-face interviews
- Instant credit of cryptocurrency: once a mission is completed, successful candidates will receive instant crypto remuneration to their Remitano wallets.
Remitano is a product of Babylons Solutions Limited based in Seychelles. As a fast-moving marketplace, Remitano’s purpose is to offer a robust, quality trading experience to all users. With necessary safety standards in place, buyers and sellers can come together, store, trade, and retrieve assets, thus minimizing challenges common to crypto exchanges.
Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.
Reach out to Remitano via: