OVERWOOD DOLLAR was designed for investors who are looking to hedge the significant currency risk intrinsic to the Nigerian Naira.
During the first quarter of 2020, the Nigerian Naira was devaluated by 20%. It means everybody with asset, cash, or investment in Naira became 20% poorer as result of that devaluation.
OVERWOOD DOLLAR helps investors retain the value of their funds with a US Dollar denominated instrument.
Investors can choose to subscribe with Naira or US Dollar but the funds will always be held in US Dollars. At maturity, you can choose to withdraw in US Dollars or Nigerian Naira at the exchange rate on your withdrawal date.
Strategy and Objectives
OVERWOOD DOLLAR is 100% money market fund. It is the least aggressive instrument in our portfolio. The entire goal of OVERWOOD DOLLAR is principal protection.
How to Invest
Step 1: Create an account at www.OVERWOOD.ng
Step 2: Create a new DOLLAR investment.
Step 3: Transfer your principal in USD or Naira (at the prevailing exchange rate) to OVERWOOD or pay with card.
Step 4: Monitor your daily dividends.
How to Withdraw
Step 1: Log into your OVERWOOD account at www.OVERWOOD.ng.
Step 2: Initiate your withdrawal.
Step 3: OVERWOOD will credit your bank account within 24 hours.
OVERWOOD DOLLAR investors can withdraw from their accounts 365 days (1 year) after placing their investment without any penalty.