One of the most powerful channels of investment is cooperative societies. Many people have heard about them, but only few understand them and the immense opportunities they offer. As a result, only a fraction of the society are tapping into and enjoying these opportunities. Even the government is yet to realise how powerful cooperative societies can be, especially in eradicating poverty and improving welfare of the citizens. Fully exploited, cooperatives can enhance job creation and national productivity.

It is important that investors have basic knowledge of how a collective investment scheme is governed and who is responsible for the different aspect of its operations.

Oderinde: It is the statutory function of Central Securities Clearing System ( CSCS) to alert Nigerian shareholders whenever his or her stockbroker is trading on their stockbroking account with or without their consents. When CSCS started, every capital market stakeholder was commending them for this superb initiative that will check fraud and unauthorised trading on client’s account by fraudulent stockbrokers.

Shares of companies like IPWA Plc, HIS Plc, Mobil Oil Nig Plc, Beta Glass, Ikeja Hotel and Ecobank Transnational Incorporated, ETI, were among the 10 stocks that recorded huge patronage last week to emerge in the list of top ten performing stocks.

There are different types of collective investment schemes (mutual funds) for different investment purposes. It is important that you understand the purpose or investment objectives of a mutual fund before deciding to participate or not.