One of our community members asked: I run a cooperative society in Nigeria. With the money our members contribute every month, what profitable and relatively safe investments can we consider to make our savings grow and generate more income for ...Read more
Fokona Latest Questions
I’ve been hearing many people talk about Money Market Funds lately, especially as an alternative to keeping money inside a normal savings account. Some people even say their money earns interest daily through Money Market Funds, while others claim it is ...Read more
With the way prices of things keep increasing in Nigeria almost every year, I’ve been wondering what type of investment can truly beat inflation long term. Sometimes you save money for months or years, but when you finally want to use ...Read more
I’ve been trying to understand the difference between Treasury Bills and Mutual Funds because both of them are always mentioned whenever people talk about low-risk investments in Nigeria. Some people say Treasury Bills are safer because they are backed by the ...Read more
I want to start investing consistently, but one thing I’m confused about is how much money someone should actually invest every month. Some people say you should invest 10% of your income, while others say you should only invest what you ...Read more
I have been hearing people talk about “compound interest” whenever investment or saving discussions come up, but honestly I still don’t fully understand how it works. Some people even call it “the secret of wealth creation” and say it is one ...Read more
Hi IKing Ferry, Please I need more clarification about how tax works for holding companies and group structures in Nigeria. For example, if somebody owns a holding company with multiple subsidiaries under it, does FIRS now NRS calculate the tax ...Read more
I’ve been hearing people talk about something called “Money Market Mutual Fund” in Nigeria, especially as a safer way to grow money compared to leaving cash inside a normal savings account. But honestly, I don’t fully understand how it works.Read more
One of our Community members ask: I’ve noticed something confusing in the stock market. Sometimes a company announces dividend payment, and many investors become excited because they believe they are getting “free money.” But after the qualification date or dividend payment period, ...Read more
I’ve been hearing many people talk about things like: Technical adjustments Stock split Reverse split Bonus shares Rights issue …especially in the Nigerian stock market. But honestly, I don’t really understand what these things mean. Sometimes after a company announces ...Read more