Economic & Financial Insight

Economy

Norrenberger Releases H2 2024 Economic Outlook Report: Nigeria’s GDP Projected to grow by 3.1%

Abuja, Nigeria : Norrenberger, an industry leading, integrated financial services Group, has released the Norrenberger Economic Outlook (NEO) report for H2 2024 at its recent…
Finance

Nigeria’s investment appetite grows as mutual fund investments gain N662.96 billion YTD

Nigerians’ investment appetite for mutual funds has surged dramatically, as indicated by data from the Securities and Exchange Commission (SEC). Between January and May 2024,…
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The Dollar Effect

Nigeria, a vibrant and diverse nation, experiences the global influence of currencies, with the U.S. dollar playing a pivotal role in shaping its economic landscape.…
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Mutual Funds

Money Market Fund

The Money Market Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund invests in Nigerian short-term money market instruments such as Federal Government Treasury Bills, Bankers’ Acceptance, Commercial Papers, Certificate of Deposit, and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly interest payment or reinvestment.
  • Redemption of units within the first 30-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 2-3 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in money market instruments.
  • Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00.

Islamic Fund

The Islamic Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund is targeted primarily at investors who have a short, medium to long term investment horizon with consciousness for their belief in Shariah principles and are seeking higher returns than typical Shariah Fixed Deposits but averse to the risk associated with equity investments. The Fund invests in Sharia Compliant Fixed Term Contracts which are subjected to the review of it’s Sharia Advisors.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly dividend payment or reinvestment option.
  • Redemption of units within the first 180-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 2-3 working days.
    Online access available to monitor fund performance.
  • Diversified portfolio in Sharia Compliant Instruments.
  • Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00

For more information about sharia compliant investments options contact halal@norrenberger.com

Dollar Fund

The Dollar Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly dividend payment or reinvestment.
  • Redemption of units within the first 90-day period attracts 20% penalty charge on accrued return.
  • Redemption is processed within 5 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in dollar denominated instruments.
  • Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.

Turbo Fund

The Turbo Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund aims to generate income and competitive returns by investing 100% of its assets in short, medium and long term instruments, including securities issued by Federal and State Governments, and corporate entities. The Fund is targeted at Retail Investors, and Institutional Investors seeking competitive returns on Naira-denominated investments. Investing in the Fund allows participation in the bond markets with lower initial investments compared to directly purchasing individual bonds.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly interest payment or reinvestment option.
  • Redemption of units within the first 90-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 5 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in Naira denominated Fixed Income instruments
  • Minimum subscription is 50 units and subsequent addition of 10 units at the prevailing price per unit.

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Classic Note

Classic Note

The Norrenberger Classic Investment Note ‘The Classic Note’ is a liquid product registered with the Securities and Exchange Commission (SEC), which affords investors the opportunity to earn interest on their investments in periodic intervals monthly or quarterly; or compound the interest and earn it with the principal when the investment matures.

Features

  • Competitive interest rates.
  • Upfront and periodic interest payment options available.
  • Investment certificate can be used as a supporting document for accessing loans and visas applications.
  • Classic Investment Note is available in 30, 60, 90, 180 , 270 and 365 day tenors.
  • Investment can be rolled over at maturity.
  • Returns are subject to statutory 10% withholding tax(WHT).
  • Early termination or part termination is allowed with a charge to interest only.
  • Minimum investment amount is N1,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Targeted

The Targeted Investment Plan is a structured plan registered with the Securities and Exchange Commission (SEC), that gives investors an opportunity to invest towards a short to medium term goal with a specific future date. The goal can be to purchase a property, start-up capital for business, dream vacation, education, wedding, car purchase, etc. Interest rate is referenced to the regular Classic Investment Note.

Features

  • Easy achievement of your financial goals due to deliberate planning.
  • Competitive return on your investment, which brings you closer to your goal.
  • Investment certificate can be used as a supporting document for accessing loans and visa applications.
  • Minimum investment tenor is 180days.
  • Withdrawal from the plan is not allowed.
  • Additional investment can be made at any time.
  • Minimum investment amount is N50,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Structured

The Classic Structured Investment Note is a product registered with the Securities and Exchange Commission (SEC), that invests in carefully selected low-medium risk assets such as Commercial Papers, Short Term Debt Notes and Bonds to provide liquidity, competitive returns and safety of funds.

Features

  • Attractive interest rates.
  • Investment certificate can be used as a supporting document for accessing loans and visas applications.
  • Interest can be taken upfront or periodically.
  • The Structured Investment is available in 90, 180, 270 and 365 days tenors.
  • Early termination or part termination is allowed with a charge to interest only.
  • Investment can be rolled over at maturity.
  • Returns are subject to statutory withholding tax (WHT).
  • Minimum investment amount is N10,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Treasury Note

The Treasury Linked Investment Note ‘The Treasury Linked Note’ is a product registered with the Securities and Exchange Commission (SEC), which affords investors the opportunity to invest in a portfolio mainly made up of Treasury Bills and Bonds. Investors can earn returns on their investments upfront (Discounted); or at the maturity of the investment (Yield).

Features

  • Default risk-free (Sovereign) instruments.
  • Competitive interest rates.
  • Investment certificate can be used as a supporting document for access to loans, visas and other applications.
  • Tenures of 91 days to 5 years.
  • Treasury Linked Investment Note is available in all tenors.
  • Allows for roll-over when investment matures.
  • Early termination or part termination is allowed with a charge to interest only.
  • Investment return is referenced at 100 basis points above indicated instrument rate.
  • Minimum investment amount is N1,000,000.00.
  • Returns are not subject to WHT.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Norren Kickstart Account

The Kickstart account is geared towards partnering with parents/guardians to encourage the next generation of Nigerian youths to explore their entrepreneurial potentials by leveraging on the capitalist system of the Nigerian economy to become employers of labor and captains of industries in the long term.

Features

  • Investment tenor is 21 years minus the child’s age.
  • Beneficiaries can have access to Norrenberger’s quarterly entrepreneurship focused seminars and trainings.
  • Contributor can withdraw up to 35% of total account balance annually.
  • One free annual withdrawal benchmark.
  • Competitive return on investment.
  • Interest rate is fixed and can be reviewed periodically in line with market realities.
  • Minimum initial deposit of N100,000.00 and subsequent minimum contribution of N5,000.00.

The Kickstart product is registered with the Securities and Exchange Commission, Nigeria.

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FX Classic Note

FX Classic Investment (Regular)

The FX Classic Regular Investment is a product registered with the Securities and Exchange Commission (SEC), that offers investors an opportunity to invest in foreign currencies such as US Dollars, British Pounds and Euros, over a short to medium tenor. The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Competitive return on investment.
  • The FX Classic Regular is available in USD, GBP & EUR.
  • The FX Classic Regular is available in 30, 60, 90, 180, 270 & 365 days’ tenors.
  • Returns are subject to withholding tax (WHT).
  • Early termination or part termination is allowed subject to termination charges of 25% of accrued interest.
  • Interest is payable on the maturity of the investment.
  • Minimum investment amount is USD, GBP & EUR 5,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

FX Classic Investment (Medium-Long Term)

The FX Classic Medium - Long Term Note is a product registered with the Securities and Exchange Commission (SEC), that offers investors an opportunity to invest in foreign currency, fixed income instrument such as Eurobonds and short-term foreign currency placements to give a diversified portfolio over a medium to long tenor. The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Interest is paid semi-annually.
  • Premature liquidation is allowed subject to a charge of 25% of accrued interest.
  • Attractive returns on investment.
  • FX Classic Medium-Long Term Note is available in 18 months to 5 years tenor.
  • Returns are subject to withholding tax (WHT).
  • Minimum Investment amount is USD, GBP & EUR 5,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Eurobonds & Notes

Eurobonds are corporate or sovereign foreign currency medium to long term instruments targeted at High Net-worth Individuals, Corporates and Institutions. The Eurobonds & Notes are products registered with the Securities and Exchange Commission (SEC). The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Interest is paid semi-annually.
  • Instrument is tradeable and market conditions determine the price of a trade.
  • Low-medium risk asset.
  • Tenure of 18 months to 5 years for Eurobond Note and 3-50 years for standard bonds.
  • Returns are paid semi-annually.
  • Returns are not subject to withholding tax (WHT).
  • Minimum Investment amount is $200,000.00 for standard bonds and $10,000 for Notes.
  • There is an active secondary market for the instrument.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Portfolio Management

This product is targeted at High Net-Worth Individuals, Co-operatives, Private & Public Organizations, Institutional Investors, Special Purpose Funds and Multinationals who seek to diversify their investments in various asset classes expertly managed by professionals. Asset classification will be based on clients’ preference and risk level. Target returns will be set to assess performance by the fund manager. Management fee applies but is negotiable based on the volume of the transaction.

Features

  • Investment is customized to clients need.
  • Clients’ risk and return sensitivity is factored into portfolio mix.
  • Professionally managed by a Team of performance driven experts.
  • Efficiency and Flexibility in managing portfolio in line clients investment
  • policy statement.
    Management fee 1-2% of net asset value.
  • Market knowledge and access to products will provide viable investment options to clients
    Access to global research and market outlook report to guide investment decision and fund management

The Portfolio Management product is registered with the Securities and Exchange Commission, Nigeria.

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Norren Medium Term Investment Note

The Medium-Term Investment Note is registered with the Securities and Exchange Commission (SEC) and designed to provide investors with an opportunity to benefit from highly competitive returns generated from a diversified investment portfolio. The Medium-Term Investment Note targets investors with investment horizon of above one year.

Features

  • Attractive interest rates.
  • Bi-annual interest payment/Rollover.
  • Investment Note is available in 18-36 months tenor.
  • Allows for roll-over after investment matures.
  • Early termination will attract a pre-liquidation charge of 35% of accrued interest.
  • Returns are subject to withholding tax (WHT).
  • Minimum investment amount is N1,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Fixed Income Services

Our fixed income dealing services is registered with the Securities and Exchange Commission (SEC) and affords investors the opportunity to buy securities such as Treasury bills, Commercial papers, Government or Corporate Bonds to either hold till maturity or for sale.

Features

  • Excellent execution capacity.
  • Ability to source instruments from other dealers to provides options to clients.
  • Competitive returns to clients due to diversified sources.
  • Minimum investment amount is N1 million for Treasury bills.
  • Minimum investment amount is N5 million face value for secondary market bonds.
  • Interest from Treasury bills investment can be paid upfront or backend.
  • Minimum investment amount for Primary Market Auction is N50,000,000.
    Active secondary market for trading instruments.
  • Market conditions will determine the price of a trade.

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Discretionary Money Market Investment

Discretionary Money Market Investment

The Discretionary Money Market Investment is registered with the Securities and Exchange Commission (SEC). This fund invests in diversified money market instruments. It is the closest to a call investment, providing flexibility to investors seeking fixed and competitive returns.

Features

  • Easy entry and exit.
  • Withdrawal within 24-48 hours.
  • Diversified portfolio.
  • Online access to monitor investment.
  • Minimum investment amount is N50,000.
  • Investment is compounded monthly.
  • Interest rate is fixed and reviewed periodically.
  • Investment is subject to 10% withholding tax.

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FX Classic Investment (Halal)

The FX Classic Investment is a shariah compliant product registered with the Securities and Exchange Commission (SEC), that offers investors an opportunity to invest in foreign currencies such as US Dollars, British Pounds and Euros, over a short to medium tenor. The key objective is to hedge against exchange rate risk and inflation while ensuring preservation of capital and return on investment.

Features

  • Competitive return on investment.
  • The FX Classic Halal is available in USD, GBP & EUR.
  • The FX Classic Regular is available in 30, 60, 90, 180, 270 & 365-days'tenors.
  • Returns are subject to 10% withholding tax (WHT).
  • Early termination or part termination is allowed subject to termination charges of 25% of accrued profit.
  • Profit is payable on the maturity of the investment.
  • Minimum investment amount is USD, GBP & EUR 5,000.00.
  • Profit rate is negotiable based on amount and tenure of the investment.

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Halal Investment Note (HIN)

The Norrenberger Halal Investment Note is a shariah compliant product registered with the Securities and Exchange Commission (SEC), which affords investors the opportunity to earn profit on their investments in periodic intervals monthly or quarterly; or compound the profit and earn it with the principal when the investment matures.

Features

  • Competitive profit rates.
  • Investment certificate can be used as a supporting document for accessing Financing and visas applications.
  • Classic Investment Note is available in 30, 60, 90, 180, 270 and 365 day tenors.
  • Investment can be rolled over at maturity.
  • Returns are subject to statutory 10% withholding tax (WHT).
  • Early termination or part termination is allowed with a charge to profit only.
  • Minimum investment amount is N1,000,000.00.
  • Profit rate is negotiable based on amount and tenure of the investment.

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Halal Investments

Norrenberger Halal Investment Note

The Norrenberger Halal Investment Note (HIN) is a short to medium term shariah-compliant product based on the principle of Mudaraba(Partnership). It allows customers to earn profit on their investment, which is usually higher than the profit earned on a regular non-interest account.​

This is a product that invests in carefully selected Naira and Dollar Shariah compliant instruments such as Murabaha, Ijarah, Sukuk Bonds, Shariah Compliant Mutual Funds, and Fixed-Term Shariah Complaint Contracts toprovide liquidity, competitive returns, and safety of funds.​

Profit made from investments is distributed periodically according to a profit-sharing formula between the customer and the fund manager. Incase of loss, the total loss will be shared between the fund manager andthe investor/partner.​

Features

  • Return on investment is competitive and tax free.
  • Investments are based on Shariah principles.​
  • The minimum investment amount is N1,000,000.00 and $2000​
  • Competitive Return on Investment.​
  • The Halal Investment Note is available in 90 days to 5 years tenor.​
  • Allows for roll-over after investment matures.​
  • Early termination or part termination is allowed with a charge to theaccrued profit only (25%)​
  • Returns are distributed based on the profit made at maturity of investment.​
  • Available in Naira and US Dollar.​

Islamic Fund

The Islamic Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund is targeted primarily at investors who have a short, medium to long term investment horizon with consciousness for their belief in Shariah principles and are seeking higher returns than typical Shariah Fixed Deposits but averse to the risk associated with equity investments. The Fund invests in Sharia Compliant Fixed Term Contracts which are subjected to the review of it’s Sharia Advisors.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly dividend payment or reinvestment option.
  • Redemption of units within the first 180-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 2-3 working days.
    Online access available to monitor fund performance.
  • Diversified portfolio in Sharia Compliant Instruments.
  • Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00.

Asset Financing

Non-interest financing solutions are ethical, Shariah-compliant financial structures designed to provide funding without the use of interest (riba). Instead of traditional lending, these solutions are based on asset-backed transactions, trade, leasing, and partnership models, ensuring that value is generated through real economic activity. They promote fairness, transparency, and shared risk, where both the financier and the client participate in the outcome of the investment. This approach supports responsible financing while avoiding speculative or unjust practices.​

Overall, non-interest financing offers sustainable, inclusive, and ethically grounded financial solutions suitable for individuals, SMEs, and institutions seeking alternatives to conventional financing.​

Features

  • ​Murabaha (Cost-Plus Financing): Asset purchase and resale at an agreed profit margin​

  • Ijara (Leasing): Asset ownership with lease-to-own arrangements​

  • Musharakah / Mudarabah (Partnerships): Profit-and-loss sharing ventures ​

Halal Portfolio Management Service

This product is targeted at High Net-Worth Individuals, Co-operatives, Private & Public Organizations, Institutional Investors, Special Purpose Funds and Multinationals who seek to diversify their investments​ in various asset classes expertly managed by professionals. Asset classification will be based on clients’ preference and risk level. Target returns will be set to assess performance by the fund manager. Management fee applies but is negotiable based on the volume of the transaction​.

Features

  • Investment is customized to clients need.
  • Clients’ risk and return sensitivity is factored into portfolio mix.
  • Professionally managed by a Team of performance driven experts.
  • Efficiency and Flexibility in managing portfolio in line client’s investment policy statement.​

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Islamic Fund

Discover Shariah-compliant financial products and services designed to help you grow, manage, and protect your wealth in line with Islamic principles.

For more information about sharia compliant investments and financing options contact halal@norrenberger.com

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