YTD means Year Till Date. It answers one question:- "Since January 1st this year till TODAY, is this stock going up or down ?" - If YTD is +15% = Since Jan 1st, the stock price has INCREASED by 15%. If it was ₦100 on Jan 1st, now it's ₦115. People who bought in January are in profit. - If YTD is -10Read more
YTD means Year Till Date.
It answers one question:- “Since January 1st this year till TODAY, is this stock going up or down ?”
– If YTD is +15% = Since Jan 1st, the stock price has INCREASED by 15%. If it was ₦100 on Jan 1st, now it’s ₦115. People who bought in January are in profit.
– If YTD is -10% (NEGATIVE) = Since Jan 1st, the stock price has DROPPED by 10%. If it was ₦100 on Jan 1st, now it’s ₦90. People who bought in January are losing.
So Negative YTD Change simply means: That stock has lost value this year.
How to use it for investing in Nigeria – This is the important part:-
Don’t just see negative and run.think like this:-
1. Negative YTD can be a DISCOUNT – Good time to buy:-
Example: GTCO was ₦50 on Jan 1st. Today it’s ₦40. YTD is -20%. But GTCO is still a big, profitable bank. It didn’t become a bad bank overnight. The market is just scared. This can be a chance for you to buy it cheap, like market sale.
This is where Naira Cost Averaging enters – you buy small small when YTD is very negative.
2. Negative YTD can be a WARNING – Bad time to buy:-
Example: A small company was ₦2 on Jan 1st, now ₦0.80. YTD is -60% and every year it keeps dropping, company is not making profit, in debt. This negative is a warning that the company may die.
A simple Guideline for you:-
> Negative YTD = The stock is cheaper today than it was on Jan 1st.
What to do:-
– Ask WHY is it negative ? Is the whole NGX market down ? Or is only that company down ?
– If it’s a STRONG company like Dangote Cement, BUA, MTN, GTCO, Zenith and YTD is negative = It may be an opportunity to buy cheap.
– If it’s a WEAK company and YTD has been negative for 2-3 years = Don’t touch it.
Don’t use YTD alone. Check 2 other things:-
1. Is the company making profit ?
2. Is it paying dividend ?
If answer is YES and YTD is negative, smart investors will be happy to buy.
Think of IPO like first batch of bread from the bakery. 1. IPO = First Sale:- When Dangote first brings his refinery shares to market to raise money, that's IPO. It's cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED - meaning factory price sale iRead more
Think of IPO like first batch of bread from the bakery.
1. IPO = First Sale:-
When Dangote first brings his refinery shares to market to raise money, that’s IPO. It’s cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED – meaning factory price sale is over.
2. After IPO = It enters Stock Market (NGX):-
After IPO closes, those shares will be LISTED on Nigerian Stock Exchange. The ticker might be something like `DANGREF` or `DANGOTE`. From that day, ANYONE can buy it and sell it everyday – just like you buy and sell tomatoes in market. Price will now go up and down.
So YES, you can still buy even if you missed IPO.You will buy it from other people who got it during IPO and want to sell.
How to buy it on InvestNaija App:-
1. Open InvestNaija app, create CSCS account (your share ID)
2. Fund your wallet with money – e.g ₦10,000
3. Search for the stock name – `DANGOTE REFINERY`
4. Click BUY, put how many shares you want, confirm
5. It will sit in your portfolio. You can check gain/loss daily.
When to BUY and when to SELL ? – The Golden Rule:-
BUY when:-
– The price has fallen small but the company is still strong. Dangote Refinery is making profit, selling fuel.
– When market is red and everybody is scared – that is when smart investors buy cheap.
– Don’t buy because of hype on Twitter. Buy because you understand the business.
SELL when:-
– You have made good profit – e.g 20-30% gain and you need the money for something else (like your Event App project)
– The company news becomes bad – e.g refinery not working, big debt
– You found a better investment to move your money to
Don’t do this mistake:
Don’t buy today and sell tomorrow because price dropped ₦2. Stock is not MMM or betting. It’s for months/years.
Easy strategy for beginners like you:-
If you believe Dangote Refinery will be big in 5 years, just buy small-small every month with your ₦1,000 – ₦5,000, and leave it. Don’t check price everyday. This is called Naira cost averaging
I will break it down and solve it like Joint Contribution First, what is Money Market Mutual Fund ? Imagine 10,000 Nigerians put their money together inside one big pot. A professional company (like Stanbic IBTC, ARM, Meristem) will take that big pot and invest it in safe government investments likeRead more
I will break it down and solve it like Joint Contribution
First, what is Money Market Mutual Fund ?
Imagine 10,000 Nigerians put their money together inside one big pot. A professional company (like Stanbic IBTC, ARM, Meristem) will take that big pot and invest it in safe government investments like Treasury Bills. Every 3 months they share the profit for everybody.
It’s safer than business, better than saving in your bank account.
How much is the minimum to start ?
It depends on the company, but in Nigeria it’s very small now:-
– Most big companies:- ₦5,000 to start
– Stanbic IBTC Money Market Fund – ₦5,000
– Vetiva Money Market Fund – ₦5,000
– Anchoria, TrustBanc – ₦5,000
– Some are cheaper (Fintech apps): ₦1,000 to start
– Zedcrest Money Market Fund – ₦1,000 to start and ₦1,000 to add
– Apps like Cowrywise, PiggyVest, Bamboo use these funds behind the scenes, so you can start with ₦1,000.
– Some are expensive: ₦10,000 – ₦100,000
– Meristem – ₦10,000
So your ₦1,000 idea is VALID.For most people, start with ₦5,000.
Can you top it with ₦1,000 everyday?
YES. You can.
All Money Market Funds allow you to add money anytime – daily, weekly, monthly. This is called “top-up” or “additional subscription”.
If you use Zedcrest, you can top up with ₦1,000 daily. If you use Stanbic, minimum top-up is also ₦5,000.
How your ₦1,000 everyday will work:-
1. You start Day 1 with ₦5,000
2. Every day you add ₦1,000 – in 30 days you have ₦35,000 inside
3. The fund will calculate interest DAILY on whatever you have inside. So your money grows small-small every day.
4. After 30 days, you can withdraw if you need – most have 30-day holding period.
My advice for you is that:-
1. Download Stanbic IBTC Mobile App or Cowrywise App
2. Start with ₦5,000
3. Set an automatic top-up of ₦1,000 daily – exactly like you said.
In 6 months, you will be shocked how much interest you have compared to leaving it in your normal bank.
A good friend for business is not the one who hails you the most, it's the one whose character stays the same when money enters. When your brother says "your friend bewitched you," what he is really trying to say is "that failure was not normal." But in business, 90% of failures are not spiritual, tRead more
A good friend for business is not the one who hails you the most, it’s the one whose character stays the same when money enters.
When your brother says “your friend bewitched you,” what he is really trying to say is “that failure was not normal.” But in business, 90% of failures are not spiritual, they are from the wrong partner.
Let me give a easy way on how to know:
1. Separate Friendship Test from Business Test.
A friend can be good for gists, party, church – but bad for business. Business needs different qualities.
Don’t choose because “he’s my guy from childhood.” Choose based on these 4 C’s:
C1 – Character in money:- Has he borrowed ₦5k, ₦20k from you before and paid back on time without you begging ? If he cannot handle small money, he will mess up big money.
C2 – Competence:- What skill does he bring ? If you bring capital and idea, what does he bring – customers, marketing, accounting, technical skill ? If it’s just “I will support you with prayer,” that’s not a business partner, that’s a well-wisher.
C3 – Commitment:- Does he reply messages fast ? Does he come early when you have meeting ? A person who is always late for normal hangout will be late to open shop.
C4 – Communication when things spoil:- Good business friend can tell you “Guy, this thing you did is wrong” to your face. Bad one will be gossiping you behind or keeping malice.
2. How to test him before you put big money – Nigerian method:-
Don’t start with ₦500k shop. Start small:–
– Give him ₦20k task: “Help me buy this thing and deliver to customer, account for balance.” See how he handles it.
– Do 1 week trial. Sell together. Does he press phone all day or does he call customers?
– Ask about profit sharing on paper BEFORE you start. If he says “anything you give me, I will take” – run. That person will fight you later. Good partner negotiates.
3. About the “bewitched” part:-
In Nigeria, when business fails, families will say village people. Sometimes we need to check natural reasons first:
– Did you do market research ? Is there demand ?
– Did you separate business money from personal money ?
– Did you have bookkeeping ?
If your friend was always asking for inside info about your suppliers, your profit, trying to copy your customer list, or getting angry that you are progressing – that is not bewitching, that is jealousy and bad belle, which is enough to spoil business physically by him badmouthing you to customers.
Spiritual protection is prayer, but physical protection is structure:- Have agreement written, even if it’s just for the family to sign. Don’t tell everybody your next move until it is done.
Renting is NOT wasting money if you don't have surplus cash. Buying land too early can trap you. Everybody will shout "buy land, rent is waste" but they are ignoring Two(2) things: Liquidity and Opportunity Cost. Let me give an easy explanation to them:- 1. Liquidity = How fast can you turn it backRead more
Renting is NOT wasting money if you don’t have surplus cash. Buying land too early can trap you.
Everybody will shout “buy land, rent is waste” but they are ignoring Two(2) things: Liquidity and Opportunity Cost.
Let me give an easy explanation to them:-
1. Liquidity = How fast can you turn it back to cash when you need it ?
If you put your ₦5M savings into a plot in Epe, Ibeju-Lekki or some new estate in Ibadan, can you sell it tomorrow if you have an emergency, or need money for business or Japa ?
No. It can take 6 months, 1 year, 2 years to find buyer. And you will sell at a loss if you are desperate. Plus you will still pay agent, lawyer, omonile settlement again.
That plot is illiquid – money is locked.
But if that ₦5M is in Treasury Bills, Money Market, or even your business, you can collect it in 24-72 hours.
2. Opportunity Cost = What else could that ₦5M have done for you ?
That ₦5M land in a bush is not bringing you money. But if you continue renting for ₦700k/year and use the remaining ₦4.3M to:-
– Start a business that brings ₦150k/month
– Move to Lagos/Ibadan where salary is ₦250k instead of ₦120k where land is cheap
– Pay for a tech skill, certification, masters that doubles your income
Then you have made MORE than the land would have appreciated.
The person renting remains mobile. He can relocate for a better job. The person who sank everything in land is stuck in one place, still paying for land guard, fencing, and fighting land grabbers / community thieves who say “you must pay foundation money.”
So, when should you BUY LAND and when should you CONTINUE RENTING ?
CONTINUE RENTING if:-
– That ₦5M is ALL your savings. Don’t empty your account for land.
– The land is in a very undeveloped area with no road, no light, no people – “appreciation in 5 years” is just marketer talk.
– You don’t have a verified title – No C of O, no Governor’s Consent, no registered survey. 70% of cheap land cases end in Omonile wahala.
– Your rent is less than 25% of your income. You are still okay.
BUY LAND if:-
– You have surplus – meaning after buying, you still have 6 months emergency fund + business capital.
– Title is clean and you have physically inspected it. Not video only.
– It’s in a path of development where people are actually living NOW, not in 2030.
– You have money to fence and get documentation immediately after buying. Unfenced land is invitation for land grabbers to resell it.
If you are still building your income, renting cheap and investing the difference in a liquid, income-producing asset is smarter than locking it in bush land that gives you headache.
Land is a great investment, but it is the LAST investment, not the first. First build cash flow, then use profit to buy land.
The Financial Metrics to Check Before You Buy Any Nigerian Stock ? You are correct — RED and GREEN are not for investors, they are for gamblers. Green means price went up TODAY. Red means it went down TODAY. That color does not tell you if Dangote Cement is making profit or dying. To know that, youRead more
The Financial Metrics to Check Before You Buy Any Nigerian Stock ?
You are correct — RED and GREEN are not for investors, they are for gamblers.
Green means price went up TODAY. Red means it went down TODAY. That color does not tell you if Dangote Cement is making profit or dying. To know that, you must check the ingredients inside the company.
Think of a stock like buying a Keke. You won’t buy just because it’s painted green today. You will check engine, mileage, fuel consumption. Same for stocks.
Here are the 6 Yardsticks and How to Judge Them in Nigeria:
1. EPS – Earnings Per Share (The Engine)
– What it is: Profit the company made divided by number of shares.
– Formula:`EPS = Total Profit / Total Shares`
– How to judge:EPS must be positive and growing. If GTCO EPS was ₦5 in 2023, ₦7 in 2024, ₦9 in 2025 — good, engine is strong. If EPS is negative — run.
– Nigerian Standard: For banks, EPS above ₦3 is okay. For industrial, above ₦5.
2. P/E Ratio – Price to Earnings (Is it Expensive ?)
– What it is: How many years of profit you are paying to buy the share.
– Formula: `P/E = Share Price / EPS`
– How to judge:Lower P/E = Cheaper. Higher P/E = Expensive.
– Nigerian Standard: NGX average P/E is 8 to 15. If P/E is 7, it’s cheap. If P/E is 35, it’s very expensive — unless it’s a fast grower like MTN or Airtel. Avoid anything above 25 if you are a beginner.
3. ROE – Return on Equity (How Smart is Management ?)
– What it is: For every ₦100 of shareholders’ money, how much profit management creates.
– Formula:`ROE = Profit / Shareholders Fund x 100%`
– How to judge:Higher is better. It shows management is not wasting your money.
– Nigerian Standard: Look for ROE above 15%. GTCO, Zenith, Dangote Cement, BUA Foods usually do 20-30%. If ROE is below 8%, management is lazy.
4. Debt-to-Equity (D/E) – How Much Loan ?
– What it is: How much the company borrowed vs what it owns.
– How to judge: With Nigerian interest rate at 26-30% now, debt is dangerous. A company with high debt will pay all profit to bank.
– Nigerian Standard: For non-banks (Dangote, BUA, Nestle), D/E must be below 1.0. If D/E is 2.5, they borrowed ₦2.50 for every ₦1 they have — too risky.
5. Dividend Yield (Your Yearly Rent)
– What it is: Cash the company pays you yearly for holding.
– Formula: `Yield = Dividend per share / Share Price x 100`
– How to judge: It must be consistent for 3 years.
– Nigerian Standard: Good yield is 4% – 10%. If yield is 15%+, check if it’s a trap — they may not pay next year.
6. Revenue Growth & Profit Margin (Is it Growing or Dying ?)
– What it is: Is the company selling more every year ?
– How to judge: Open 3 years financials. Revenue should go up. Profit Margin `(Profit / Revenue)` should not be dropping. If revenue is up but margin fell from 20% to 4%, cost is killing them.
How to test with general market effect:
Compare the company to its sector average. Don’t compare GTBank with Dangote Cement.
– For Banks: Compare GTCO ROE with Zenith, Access ROE. Who is better ?
– For Cement: Compare Dangote vs BUA vs Lafarge.
If your stock has lower P/E and higher ROE than its competitors, it’s the best in that sector.
Where do you get these measuring instruments? Not from Google rumors.
You get them from 3 official places — FREE:
1. NGX Website (Most Reliable): http://ngxgroup.com > Company Financials. You will see quarterly reports.
2. The App Itself: In Bamboo/Chaka/Trove, click any stock > Financials / Key Statistics. EPS, P/E, Dividend are already calculated.
3. Company Website: e.g., http://dangotecement.com > Investors and Financial Reports. Download PDF.
My 1-Minute Decision Personal Formula for ₦1M investor:
Before I buy, I score like this:
> Is EPS positive and growing? YES = 1 point
> Is P/E Is ROE > 15%? YES = 1 point
> Is D/E Has it paid dividend 3 years straight? YES = 1 point
If I get 4/5 or 5/5 — I BUY. If I get 2/5 — I LEAVE, even if it’s top gainer and green today.
YES, safe — IF the app is SEC-licensed. But your money is not inside the app, it's outside the app. That is the part most Nigerians don't understand. Let me simplify it: 1. Where does your money actually go ? When you invest ₦1M in Treasury Bills or Money Market via an app like Bamboo, Trove, CowrywRead more
YES, safe — IF the app is SEC-licensed. But your money is not inside the app, it’s outside the app.
That is the part most Nigerians don’t understand.
Let me simplify it:
1. Where does your money actually go ?
When you invest ₦1M in Treasury Bills or Money Market via an app like Bamboo, Trove, Cowrywise, or PiggyVest:
– The App does NOT hold your money. The app is just the door.
– Behind the door, there are 3 people protecting your money:
1.SEC Licensed Trustee – e.g., Meristem Trustees, STL Trustees. They hold the money.
2.Custodian Bank – e.g., First Bank Custody. The trustee keeps money there.
3.CSCS / FMDQ – For stocks and T-Bills, your assets are recorded in your name, not the app’s name.
So even if the app crashes tomorrow, your T-Bill is still registered with CBN and CSCS under your name.
Traditional bank does the exact same thing. Your bank also doesn’t hold your investment in the bank vault, they also take it to the same Trustee/Custodian.
2. So what makes an app UNSAFE ?
An app is UNSAFE if:
– No SEC license – Check http://sec.gov.ng
– No trustee listed on their page
– They promise “40% per month guaranteed” – That’s Ponzi
– They don’t give you CSCS/CHN number for stocks
This was the problem with MBA Forex, Chinmark, etc. They had no trustee, no CSCS.
3. How to invest ₦1M safely — My practical rule for Nigeria:
For money market / T-Bills:
– Don’t put all ₦1M in one app. Split: ₦500k in a bank (Stanbic IBTC Money Market), ₦500k in a SEC-licensed app (Cowrywise or Bamboo).
– Before you fund, do this 30-sec check: Go to SEC website > search the company name > Is it licensed for Fund Management? If NO, run.
For Stocks (NGX):
– Whether you use bank or app, make sure you get your CHN number. Once you have CHN and can check your portfolio on http://cscs.ng, your shares are safe even if the app disappears.
YES, OPay is riskier than FGN Bond, but it is not a scam. The higher % is because higher risk. Let me break it down easily:- 1. FGN Bond 14% - Why is it low and safe ? FGN Bond means you are lending money directly to Nigerian Government. Government can never run out of Naira because CBN can print itRead more
YES, OPay is riskier than FGN Bond, but it is not a scam. The higher % is because higher risk.
Let me break it down easily:-
1. FGN Bond 14% – Why is it low and safe ?
FGN Bond means you are lending money directly to Nigerian Government. Government can never run out of Naira because CBN can print it. So it is 99.9% safe. That is why they pay small 14%. It is guaranteed by the whole country. Even if bank collapses, government will still pay you. This is called Sovereign Guarantee.
2. OPay 15-18%+ – Where do they get the higher money to pay you ?
OPay is not a bank, it’s a fintech licensed by CBN as a Mobile Money Operator. They don’t keep your savings in a vault. They do this:
Your money in OPay Savings (Fixed, Flex, Spend & Save) is actually sent to their partner companies to invest in:
– Treasury Bills
– Money Market
– Lending to other OPay users (OPay Loan)
They make maybe 20-22% from those places, then pay you 15-18% and keep the difference as profit. That’s why they can pay higher than FGN Bond.
So, what are the real risks with OPay ?
Risk 1: No NDIC Cover on the interest part.Your wallet balance in OPay is insured by NDIC up to ₦5M if OPay collapses. BUT the money in OPay Fixed/Target savings that is invested with asset managers is NOT directly covered by NDIC. If that partner asset manager has problem, OPay has to find a way to pay you.
Risk 2: Platform Risk. FGN Bond is direct with government. OPay is a middleman. If OPay’s system has issue, or CBN changes policy for fintechs, your money can be delayed.
Risk 3: Liquidity Risk. You said “one can stop any month at payout date” – Yes for OPay Flex. For OPay Fixed, you CANNOT break it before maturity or you lose all interest. FGN Bond you can sell anytime on NGX if you need cash.
Is it risky to invest because the offer is very attractive ?
No, don’t judge by attractive interest alone. Use this rule:
– For your emergency fund and big capital you cannot afford to lose:- Put in FGN Bond / Treasury Bill. Lower return but you will sleep well.
– For your hustle savings, monthly contribution, short-term goals:- OPay is okay. The convenience of stopping anytime and daily interest is real.
A easy Rule for Nigerians:-
Think of it like this:
– FGN Bond = You gave your land document to government. Very safe, low profit.
– OPay = You gave your money to a very rich, fast-moving trader in Computer Village to help you trade. He pays you higher, but if his shop burns, you have to wait for him to settle you.
Smart option:-
Don’t put all your money in OPay because of 18%. Do 50/30/20
50% of your savings in FGN Bond / Stanbic IBTC Money Market (safe)
30% in OPay Flex / Fixed (higher return, easy withdrawal)
20% in your OPay wallet for daily spending.
That way you enjoy high interest but you are not fully exposed if one fails.
Final Answer:-OPay is not risky like MMM, it is licensed and has billions. But compared to FGN Bond, it is riskier. Higher interest = higher risk. Always.
As a Business Admin student, you already have an advantage. Digital Marketing + Sales Closing is the best combo you can learn now. Don't try to learn everything. Learn this stack in this order: STEP 1: Learn the 3 Core Skills (FREE, 30 days) Don't mind the big vocabularies. Digital marketing is justRead more
As a Business Admin student, you already have an advantage. Digital Marketing + Sales Closing is the best combo you can learn now.
Don’t try to learn everything. Learn this stack in this order:
STEP 1: Learn the 3 Core Skills (FREE, 30 days)
Don’t mind the big vocabularies. Digital marketing is just 3 jobs:
1. Traffic:- How to bring people. Learn – Facebook/Instagram Ads, TikTok organic, Google Search.
2. Content:- How to make them stop and watch. Learn – Short video (CapCut), Canva design, Copywriting (how to write captions that sell).
3. Closing:- How to make them pay. Learn – WhatsApp selling, DM script, follow-up.
Where to learn FREE with small data:-
– Google Digital Garage – Certificate in Fundamentals of Digital Marketing. Free certificate, 40 hours. Start here.
– HubSpot Academy – Free course on Content Marketing and Sales. Very practical.
– YouTube:- Search “CXL sales closing script” and “Facebook ads for small business 2025”. Don’t watch 100 videos. Watch 1 expert and practice.
STEP 2: Practice While in School (This is how you make money)
Don’t wait till you “graduate from University or higher institution.” Use your campus as your market. Here are 4 hustles you can start this week:
HUSTLE 1: Manage Instagram for Businesses Around You (Best for you)
Go to that boutique, hair vendor, food seller, or tutorial center near your school. Say: “I will help you post 3 times a week and reply your DMs and bring customers. Pay me ₦30k – ₦50k monthly.”
They ALL need it. You need just 2-3 clients to make ₦100k as a student. You learn content + closing.
HUSTLE 2: Affiliate Marketing / Sales Closer
Find a big vendor on Instagram selling wigs, sneakers, courses. Tell them: “Let me close sales for you on WhatsApp, give me 10-15% commission per sale.” You use the closing skill. No capital needed. One sale of ₦40k wig = ₦4k-₦6k for you.
HUSTLE 3: TikTok + WhatsApp Mini Agency
Create a TikTok page reviewing student products: best power bank, best hostel, best food spot in your school. Put your WhatsApp link in bio. Businesses will pay you to review them. Students will buy through you.
HUSTLE 4: Freelance on Upwork/Fiverr
After 2 weeks of practice, create a Fiverr gig: “I will set up Facebook ad for small business” or “I will write sales captions”. Charge $20. Many Nigerians are making dollars from this.
A easy Roadmap for you as a student:
Week 1-2: Finish Google Digital Garage (2 hrs per day). Learn Canva + CapCut on phone.
Week 3:- Pick ONE skill to sell – I recommend WhatsApp Sales Closer + Instagram Management. It’s fastest cash for students.
Week 4:- DM 20 businesses in your school area. Offer 1 week free trial. Get 1 client.
The Real Formula:-
Digital Marketing = Attention. Sales Closing = Money.
If you can bring attention (with TikTok/IG) and you can close (on WhatsApp), you will never be broke, even as a student.
Don’t learn to be a “digital marketer” – learn to bring one shop 10 extra customers this month. Do it for free, get testimonial video, use it to charge the next 3 shops.
Start with what you have – your phone, 2GB data, and your business admin knowledge. That is enough.
YES. A Non-Muslim can 100% buy Dangote Refinery IPO. Shari'a compliant does NOT mean Muslim-only. Let me explain and simplify what Jaiz Bank chairman meant: 1. What does "sold according to Shari'a principles" mean ? It does NOT mean you must be Muslim to buy it. It means the way the shares are strucRead more
YES. A Non-Muslim can 100% buy Dangote Refinery IPO. Shari’a compliant does NOT mean Muslim-only.
Let me explain and simplify what Jaiz Bank chairman meant:
1. What does “sold according to Shari’a principles” mean ?
It does NOT mean you must be Muslim to buy it. It means the way the shares are structured and the business itself follows Islamic finance rules.
In Islamic finance, a business must NOT make money from:
– Alcohol
– Gambling / betting
– Interest (riba) – excessive loan interest
– Pork, prostitution, etc.
Dangote Refinery refines petrol/diesel. That business is halal – it’s allowed in both Islam and Christianity. So it easily passes Shari’a screening.
Think of it like this: Shari’a compliance is just like ESG or Ethical Investing for Christians. It’s a badge that says “this business is clean and does not cheat people.”
2. What is the implication for you as a non-Muslim investor ?
Nothing negative. In fact, it’s an advantage for you.
– You can buy it: NGX is open to everyone – Muslim, Christian, Atheist. When you open Bamboo, Trove or with your bank, you can buy it like you buy Dangote Cement or MTN. Your religion is not asked.
– Same rights: You will get the same dividend, same profit, same CSCS certificate as a Muslim investor. No difference.
– It is safer for you: A Shari’a compliant IPO is usually more strict. They try to avoid too much debt (because interest is haram). So the company is forced to be less indebted, which is actually safer for your money.
– You get more buyers: Because it is Shari’a compliant, ALL Islamic funds, Jaiz Bank, Lotus Bank, Taj Bank, and Middle East investors can now buy it. More demand = price can go up faster after listing.
Why did the Jaiz Bank Chairman say that ?
He was talking to his own customers. Many devout Muslims in Nigeria avoid the stock market because they fear it’s haram. He was assuring them: “Don’t worry, we have checked Dangote Refinery, it is halal for you to buy.”
What Does a Negative YTD Change Mean for a Nigerian Stock?
YTD means Year Till Date. It answers one question:- "Since January 1st this year till TODAY, is this stock going up or down ?" - If YTD is +15% = Since Jan 1st, the stock price has INCREASED by 15%. If it was ₦100 on Jan 1st, now it's ₦115. People who bought in January are in profit. - If YTD is -10Read more
YTD means Year Till Date.
It answers one question:- “Since January 1st this year till TODAY, is this stock going up or down ?”
– If YTD is +15% = Since Jan 1st, the stock price has INCREASED by 15%. If it was ₦100 on Jan 1st, now it’s ₦115. People who bought in January are in profit.
– If YTD is -10% (NEGATIVE) = Since Jan 1st, the stock price has DROPPED by 10%. If it was ₦100 on Jan 1st, now it’s ₦90. People who bought in January are losing.
So Negative YTD Change simply means: That stock has lost value this year.
How to use it for investing in Nigeria – This is the important part:-
Don’t just see negative and run.think like this:-
1. Negative YTD can be a DISCOUNT – Good time to buy:-
Example: GTCO was ₦50 on Jan 1st. Today it’s ₦40. YTD is -20%. But GTCO is still a big, profitable bank. It didn’t become a bad bank overnight. The market is just scared. This can be a chance for you to buy it cheap, like market sale.
This is where Naira Cost Averaging enters – you buy small small when YTD is very negative.
2. Negative YTD can be a WARNING – Bad time to buy:-
Example: A small company was ₦2 on Jan 1st, now ₦0.80. YTD is -60% and every year it keeps dropping, company is not making profit, in debt. This negative is a warning that the company may die.
A simple Guideline for you:-
> Negative YTD = The stock is cheaper today than it was on Jan 1st.
What to do:-
– Ask WHY is it negative ? Is the whole NGX market down ? Or is only that company down ?
– If it’s a STRONG company like Dangote Cement, BUA, MTN, GTCO, Zenith and YTD is negative = It may be an opportunity to buy cheap.
– If it’s a WEAK company and YTD has been negative for 2-3 years = Don’t touch it.
Don’t use YTD alone. Check 2 other things:-
1. Is the company making profit ?
2. Is it paying dividend ?
If answer is YES and YTD is negative, smart investors will be happy to buy.
See lessWhat Happens to Dangote Refinery Shares After the IPO Closes?
Think of IPO like first batch of bread from the bakery. 1. IPO = First Sale:- When Dangote first brings his refinery shares to market to raise money, that's IPO. It's cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED - meaning factory price sale iRead more
Think of IPO like first batch of bread from the bakery.
1. IPO = First Sale:-
When Dangote first brings his refinery shares to market to raise money, that’s IPO. It’s cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED – meaning factory price sale is over.
2. After IPO = It enters Stock Market (NGX):-
After IPO closes, those shares will be LISTED on Nigerian Stock Exchange. The ticker might be something like `DANGREF` or `DANGOTE`. From that day, ANYONE can buy it and sell it everyday – just like you buy and sell tomatoes in market. Price will now go up and down.
So YES, you can still buy even if you missed IPO.You will buy it from other people who got it during IPO and want to sell.
How to buy it on InvestNaija App:-
1. Open InvestNaija app, create CSCS account (your share ID)
2. Fund your wallet with money – e.g ₦10,000
3. Search for the stock name – `DANGOTE REFINERY`
4. Click BUY, put how many shares you want, confirm
5. It will sit in your portfolio. You can check gain/loss daily.
When to BUY and when to SELL ? – The Golden Rule:-
BUY when:-
– The price has fallen small but the company is still strong. Dangote Refinery is making profit, selling fuel.
– When market is red and everybody is scared – that is when smart investors buy cheap.
– Don’t buy because of hype on Twitter. Buy because you understand the business.
SELL when:-
– You have made good profit – e.g 20-30% gain and you need the money for something else (like your Event App project)
– The company news becomes bad – e.g refinery not working, big debt
– You found a better investment to move your money to
Don’t do this mistake:
Don’t buy today and sell tomorrow because price dropped ₦2. Stock is not MMM or betting. It’s for months/years.
Easy strategy for beginners like you:-
See lessIf you believe Dangote Refinery will be big in 5 years, just buy small-small every month with your ₦1,000 – ₦5,000, and leave it. Don’t check price everyday. This is called Naira cost averaging
What Is the Minimum Amount Needed to Start Investing in a Money Market Mutual Fund in Nigeria?
I will break it down and solve it like Joint Contribution First, what is Money Market Mutual Fund ? Imagine 10,000 Nigerians put their money together inside one big pot. A professional company (like Stanbic IBTC, ARM, Meristem) will take that big pot and invest it in safe government investments likeRead more
I will break it down and solve it like Joint Contribution
First, what is Money Market Mutual Fund ?
Imagine 10,000 Nigerians put their money together inside one big pot. A professional company (like Stanbic IBTC, ARM, Meristem) will take that big pot and invest it in safe government investments like Treasury Bills. Every 3 months they share the profit for everybody.
It’s safer than business, better than saving in your bank account.
How much is the minimum to start ?
It depends on the company, but in Nigeria it’s very small now:-
– Most big companies:- ₦5,000 to start
– Stanbic IBTC Money Market Fund – ₦5,000
– Vetiva Money Market Fund – ₦5,000
– Anchoria, TrustBanc – ₦5,000
– Some are cheaper (Fintech apps): ₦1,000 to start
– Zedcrest Money Market Fund – ₦1,000 to start and ₦1,000 to add
– Apps like Cowrywise, PiggyVest, Bamboo use these funds behind the scenes, so you can start with ₦1,000.
– Some are expensive: ₦10,000 – ₦100,000
– Meristem – ₦10,000
So your ₦1,000 idea is VALID.For most people, start with ₦5,000.
Can you top it with ₦1,000 everyday?
YES. You can.
All Money Market Funds allow you to add money anytime – daily, weekly, monthly. This is called “top-up” or “additional subscription”.
If you use Zedcrest, you can top up with ₦1,000 daily. If you use Stanbic, minimum top-up is also ₦5,000.
How your ₦1,000 everyday will work:-
1. You start Day 1 with ₦5,000
2. Every day you add ₦1,000 – in 30 days you have ₦35,000 inside
3. The fund will calculate interest DAILY on whatever you have inside. So your money grows small-small every day.
4. After 30 days, you can withdraw if you need – most have 30-day holding period.
My advice for you is that:-
1. Download Stanbic IBTC Mobile App or Cowrywise App
2. Start with ₦5,000
3. Set an automatic top-up of ₦1,000 daily – exactly like you said.
In 6 months, you will be shocked how much interest you have compared to leaving it in your normal bank.
See lessHow Can I Know If a Friend Is Good for My Business in Nigeria?
A good friend for business is not the one who hails you the most, it's the one whose character stays the same when money enters. When your brother says "your friend bewitched you," what he is really trying to say is "that failure was not normal." But in business, 90% of failures are not spiritual, tRead more
A good friend for business is not the one who hails you the most, it’s the one whose character stays the same when money enters.
When your brother says “your friend bewitched you,” what he is really trying to say is “that failure was not normal.” But in business, 90% of failures are not spiritual, they are from the wrong partner.
Let me give a easy way on how to know:
1. Separate Friendship Test from Business Test.
A friend can be good for gists, party, church – but bad for business. Business needs different qualities.
Don’t choose because “he’s my guy from childhood.” Choose based on these 4 C’s:
C1 – Character in money:- Has he borrowed ₦5k, ₦20k from you before and paid back on time without you begging ? If he cannot handle small money, he will mess up big money.
C2 – Competence:- What skill does he bring ? If you bring capital and idea, what does he bring – customers, marketing, accounting, technical skill ? If it’s just “I will support you with prayer,” that’s not a business partner, that’s a well-wisher.
C3 – Commitment:- Does he reply messages fast ? Does he come early when you have meeting ? A person who is always late for normal hangout will be late to open shop.
C4 – Communication when things spoil:- Good business friend can tell you “Guy, this thing you did is wrong” to your face. Bad one will be gossiping you behind or keeping malice.
2. How to test him before you put big money – Nigerian method:-
Don’t start with ₦500k shop. Start small:–
– Give him ₦20k task: “Help me buy this thing and deliver to customer, account for balance.” See how he handles it.
– Do 1 week trial. Sell together. Does he press phone all day or does he call customers?
– Ask about profit sharing on paper BEFORE you start. If he says “anything you give me, I will take” – run. That person will fight you later. Good partner negotiates.
3. About the “bewitched” part:-
In Nigeria, when business fails, families will say village people. Sometimes we need to check natural reasons first:
– Did you do market research ? Is there demand ?
– Did you separate business money from personal money ?
– Did you have bookkeeping ?
If your friend was always asking for inside info about your suppliers, your profit, trying to copy your customer list, or getting angry that you are progressing – that is not bewitching, that is jealousy and bad belle, which is enough to spoil business physically by him badmouthing you to customers.
Spiritual protection is prayer, but physical protection is structure:- Have agreement written, even if it’s just for the family to sign. Don’t tell everybody your next move until it is done.
See lessShould I Invest My Savings in Land or Continue Renting in Nigeria?
Renting is NOT wasting money if you don't have surplus cash. Buying land too early can trap you. Everybody will shout "buy land, rent is waste" but they are ignoring Two(2) things: Liquidity and Opportunity Cost. Let me give an easy explanation to them:- 1. Liquidity = How fast can you turn it backRead more
Renting is NOT wasting money if you don’t have surplus cash. Buying land too early can trap you.
Everybody will shout “buy land, rent is waste” but they are ignoring Two(2) things: Liquidity and Opportunity Cost.
Let me give an easy explanation to them:-
1. Liquidity = How fast can you turn it back to cash when you need it ?
If you put your ₦5M savings into a plot in Epe, Ibeju-Lekki or some new estate in Ibadan, can you sell it tomorrow if you have an emergency, or need money for business or Japa ?
No. It can take 6 months, 1 year, 2 years to find buyer. And you will sell at a loss if you are desperate. Plus you will still pay agent, lawyer, omonile settlement again.
That plot is illiquid – money is locked.
But if that ₦5M is in Treasury Bills, Money Market, or even your business, you can collect it in 24-72 hours.
2. Opportunity Cost = What else could that ₦5M have done for you ?
That ₦5M land in a bush is not bringing you money. But if you continue renting for ₦700k/year and use the remaining ₦4.3M to:-
– Start a business that brings ₦150k/month
– Move to Lagos/Ibadan where salary is ₦250k instead of ₦120k where land is cheap
– Pay for a tech skill, certification, masters that doubles your income
Then you have made MORE than the land would have appreciated.
The person renting remains mobile. He can relocate for a better job. The person who sank everything in land is stuck in one place, still paying for land guard, fencing, and fighting land grabbers / community thieves who say “you must pay foundation money.”
So, when should you BUY LAND and when should you CONTINUE RENTING ?
CONTINUE RENTING if:-
– That ₦5M is ALL your savings. Don’t empty your account for land.
– The land is in a very undeveloped area with no road, no light, no people – “appreciation in 5 years” is just marketer talk.
– You don’t have a verified title – No C of O, no Governor’s Consent, no registered survey. 70% of cheap land cases end in Omonile wahala.
– Your rent is less than 25% of your income. You are still okay.
BUY LAND if:-
– You have surplus – meaning after buying, you still have 6 months emergency fund + business capital.
– Title is clean and you have physically inspected it. Not video only.
– It’s in a path of development where people are actually living NOW, not in 2030.
– You have money to fence and get documentation immediately after buying. Unfenced land is invitation for land grabbers to resell it.
If you are still building your income, renting cheap and investing the difference in a liquid, income-producing asset is smarter than locking it in bush land that gives you headache.
Land is a great investment, but it is the LAST investment, not the first. First build cash flow, then use profit to buy land.
See lessWhat Financial Metrics Should I Check Before Investing in a Nigerian Stock?
The Financial Metrics to Check Before You Buy Any Nigerian Stock ? You are correct — RED and GREEN are not for investors, they are for gamblers. Green means price went up TODAY. Red means it went down TODAY. That color does not tell you if Dangote Cement is making profit or dying. To know that, youRead more
The Financial Metrics to Check Before You Buy Any Nigerian Stock ?
You are correct — RED and GREEN are not for investors, they are for gamblers.
Green means price went up TODAY. Red means it went down TODAY. That color does not tell you if Dangote Cement is making profit or dying. To know that, you must check the ingredients inside the company.
Think of a stock like buying a Keke. You won’t buy just because it’s painted green today. You will check engine, mileage, fuel consumption. Same for stocks.
Here are the 6 Yardsticks and How to Judge Them in Nigeria:
1. EPS – Earnings Per Share (The Engine)
– What it is: Profit the company made divided by number of shares.
– Formula:`EPS = Total Profit / Total Shares`
– How to judge:EPS must be positive and growing. If GTCO EPS was ₦5 in 2023, ₦7 in 2024, ₦9 in 2025 — good, engine is strong. If EPS is negative — run.
– Nigerian Standard: For banks, EPS above ₦3 is okay. For industrial, above ₦5.
2. P/E Ratio – Price to Earnings (Is it Expensive ?)
– What it is: How many years of profit you are paying to buy the share.
– Formula: `P/E = Share Price / EPS`
– How to judge:Lower P/E = Cheaper. Higher P/E = Expensive.
– Nigerian Standard: NGX average P/E is 8 to 15. If P/E is 7, it’s cheap. If P/E is 35, it’s very expensive — unless it’s a fast grower like MTN or Airtel. Avoid anything above 25 if you are a beginner.
3. ROE – Return on Equity (How Smart is Management ?)
– What it is: For every ₦100 of shareholders’ money, how much profit management creates.
– Formula:`ROE = Profit / Shareholders Fund x 100%`
– How to judge:Higher is better. It shows management is not wasting your money.
– Nigerian Standard: Look for ROE above 15%. GTCO, Zenith, Dangote Cement, BUA Foods usually do 20-30%. If ROE is below 8%, management is lazy.
4. Debt-to-Equity (D/E) – How Much Loan ?
– What it is: How much the company borrowed vs what it owns.
– How to judge: With Nigerian interest rate at 26-30% now, debt is dangerous. A company with high debt will pay all profit to bank.
– Nigerian Standard: For non-banks (Dangote, BUA, Nestle), D/E must be below 1.0. If D/E is 2.5, they borrowed ₦2.50 for every ₦1 they have — too risky.
5. Dividend Yield (Your Yearly Rent)
– What it is: Cash the company pays you yearly for holding.
– Formula: `Yield = Dividend per share / Share Price x 100`
– How to judge: It must be consistent for 3 years.
– Nigerian Standard: Good yield is 4% – 10%. If yield is 15%+, check if it’s a trap — they may not pay next year.
6. Revenue Growth & Profit Margin (Is it Growing or Dying ?)
– What it is: Is the company selling more every year ?
– How to judge: Open 3 years financials. Revenue should go up. Profit Margin `(Profit / Revenue)` should not be dropping. If revenue is up but margin fell from 20% to 4%, cost is killing them.
How to test with general market effect:
Compare the company to its sector average. Don’t compare GTBank with Dangote Cement.
– For Banks: Compare GTCO ROE with Zenith, Access ROE. Who is better ?
– For Cement: Compare Dangote vs BUA vs Lafarge.
If your stock has lower P/E and higher ROE than its competitors, it’s the best in that sector.
Where do you get these measuring instruments? Not from Google rumors.
You get them from 3 official places — FREE:
1. NGX Website (Most Reliable): http://ngxgroup.com > Company Financials. You will see quarterly reports.
2. The App Itself: In Bamboo/Chaka/Trove, click any stock > Financials / Key Statistics. EPS, P/E, Dividend are already calculated.
3. Company Website: e.g., http://dangotecement.com > Investors and Financial Reports. Download PDF.
My 1-Minute Decision Personal Formula for ₦1M investor:
Before I buy, I score like this:
> Is EPS positive and growing? YES = 1 point
> Is P/E Is ROE > 15%? YES = 1 point
> Is D/E Has it paid dividend 3 years straight? YES = 1 point
If I get 4/5 or 5/5 — I BUY. If I get 2/5 — I LEAVE, even if it’s top gainer and green today.
See lessHow Safe Are Digital Investment Apps for Investing ₦1 Million or More in Nigeria?
YES, safe — IF the app is SEC-licensed. But your money is not inside the app, it's outside the app. That is the part most Nigerians don't understand. Let me simplify it: 1. Where does your money actually go ? When you invest ₦1M in Treasury Bills or Money Market via an app like Bamboo, Trove, CowrywRead more
YES, safe — IF the app is SEC-licensed. But your money is not inside the app, it’s outside the app.
That is the part most Nigerians don’t understand.
Let me simplify it:
1. Where does your money actually go ?
When you invest ₦1M in Treasury Bills or Money Market via an app like Bamboo, Trove, Cowrywise, or PiggyVest:
– The App does NOT hold your money. The app is just the door.
– Behind the door, there are 3 people protecting your money:
1.SEC Licensed Trustee – e.g., Meristem Trustees, STL Trustees. They hold the money.
2.Custodian Bank – e.g., First Bank Custody. The trustee keeps money there.
3.CSCS / FMDQ – For stocks and T-Bills, your assets are recorded in your name, not the app’s name.
So even if the app crashes tomorrow, your T-Bill is still registered with CBN and CSCS under your name.
Traditional bank does the exact same thing. Your bank also doesn’t hold your investment in the bank vault, they also take it to the same Trustee/Custodian.
2. So what makes an app UNSAFE ?
An app is UNSAFE if:
– No SEC license – Check http://sec.gov.ng
– No trustee listed on their page
– They promise “40% per month guaranteed” – That’s Ponzi
– They don’t give you CSCS/CHN number for stocks
This was the problem with MBA Forex, Chinmark, etc. They had no trustee, no CSCS.
3. How to invest ₦1M safely — My practical rule for Nigeria:
For money market / T-Bills:
– Don’t put all ₦1M in one app. Split: ₦500k in a bank (Stanbic IBTC Money Market), ₦500k in a SEC-licensed app (Cowrywise or Bamboo).
– Before you fund, do this 30-sec check: Go to SEC website > search the company name > Is it licensed for Fund Management? If NO, run.
For Stocks (NGX):
– Whether you use bank or app, make sure you get your CHN number. Once you have CHN and can check your portfolio on http://cscs.ng, your shares are safe even if the app disappears.
See lessIs opay different savings strategies risky?
YES, OPay is riskier than FGN Bond, but it is not a scam. The higher % is because higher risk. Let me break it down easily:- 1. FGN Bond 14% - Why is it low and safe ? FGN Bond means you are lending money directly to Nigerian Government. Government can never run out of Naira because CBN can print itRead more
YES, OPay is riskier than FGN Bond, but it is not a scam. The higher % is because higher risk.
Let me break it down easily:-
1. FGN Bond 14% – Why is it low and safe ?
FGN Bond means you are lending money directly to Nigerian Government. Government can never run out of Naira because CBN can print it. So it is 99.9% safe. That is why they pay small 14%. It is guaranteed by the whole country. Even if bank collapses, government will still pay you. This is called Sovereign Guarantee.
2. OPay 15-18%+ – Where do they get the higher money to pay you ?
OPay is not a bank, it’s a fintech licensed by CBN as a Mobile Money Operator. They don’t keep your savings in a vault. They do this:
Your money in OPay Savings (Fixed, Flex, Spend & Save) is actually sent to their partner companies to invest in:
– Treasury Bills
– Money Market
– Lending to other OPay users (OPay Loan)
They make maybe 20-22% from those places, then pay you 15-18% and keep the difference as profit. That’s why they can pay higher than FGN Bond.
So, what are the real risks with OPay ?
Risk 1: No NDIC Cover on the interest part.Your wallet balance in OPay is insured by NDIC up to ₦5M if OPay collapses. BUT the money in OPay Fixed/Target savings that is invested with asset managers is NOT directly covered by NDIC. If that partner asset manager has problem, OPay has to find a way to pay you.
Risk 2: Platform Risk. FGN Bond is direct with government. OPay is a middleman. If OPay’s system has issue, or CBN changes policy for fintechs, your money can be delayed.
Risk 3: Liquidity Risk. You said “one can stop any month at payout date” – Yes for OPay Flex. For OPay Fixed, you CANNOT break it before maturity or you lose all interest. FGN Bond you can sell anytime on NGX if you need cash.
Is it risky to invest because the offer is very attractive ?
No, don’t judge by attractive interest alone. Use this rule:
– For your emergency fund and big capital you cannot afford to lose:- Put in FGN Bond / Treasury Bill. Lower return but you will sleep well.
– For your hustle savings, monthly contribution, short-term goals:- OPay is okay. The convenience of stopping anytime and daily interest is real.
A easy Rule for Nigerians:-
Think of it like this:
– FGN Bond = You gave your land document to government. Very safe, low profit.
– OPay = You gave your money to a very rich, fast-moving trader in Computer Village to help you trade. He pays you higher, but if his shop burns, you have to wait for him to settle you.
Smart option:-
Don’t put all your money in OPay because of 18%. Do 50/30/20
50% of your savings in FGN Bond / Stanbic IBTC Money Market (safe)
30% in OPay Flex / Fixed (higher return, easy withdrawal)
20% in your OPay wallet for daily spending.
That way you enjoy high interest but you are not fully exposed if one fails.
Final Answer:-OPay is not risky like MMM, it is licensed and has billions. But compared to FGN Bond, it is riskier. Higher interest = higher risk. Always.
See lessHow Can Nigerian Students Learn Digital Marketing and Make Money Online?
As a Business Admin student, you already have an advantage. Digital Marketing + Sales Closing is the best combo you can learn now. Don't try to learn everything. Learn this stack in this order: STEP 1: Learn the 3 Core Skills (FREE, 30 days) Don't mind the big vocabularies. Digital marketing is justRead more
As a Business Admin student, you already have an advantage. Digital Marketing + Sales Closing is the best combo you can learn now.
Don’t try to learn everything. Learn this stack in this order:
STEP 1: Learn the 3 Core Skills (FREE, 30 days)
Don’t mind the big vocabularies. Digital marketing is just 3 jobs:
1. Traffic:- How to bring people. Learn – Facebook/Instagram Ads, TikTok organic, Google Search.
2. Content:- How to make them stop and watch. Learn – Short video (CapCut), Canva design, Copywriting (how to write captions that sell).
3. Closing:- How to make them pay. Learn – WhatsApp selling, DM script, follow-up.
Where to learn FREE with small data:-
– Google Digital Garage – Certificate in Fundamentals of Digital Marketing. Free certificate, 40 hours. Start here.
– HubSpot Academy – Free course on Content Marketing and Sales. Very practical.
– YouTube:- Search “CXL sales closing script” and “Facebook ads for small business 2025”. Don’t watch 100 videos. Watch 1 expert and practice.
STEP 2: Practice While in School (This is how you make money)
Don’t wait till you “graduate from University or higher institution.” Use your campus as your market. Here are 4 hustles you can start this week:
HUSTLE 1: Manage Instagram for Businesses Around You (Best for you)
Go to that boutique, hair vendor, food seller, or tutorial center near your school. Say: “I will help you post 3 times a week and reply your DMs and bring customers. Pay me ₦30k – ₦50k monthly.”
They ALL need it. You need just 2-3 clients to make ₦100k as a student. You learn content + closing.
HUSTLE 2: Affiliate Marketing / Sales Closer
Find a big vendor on Instagram selling wigs, sneakers, courses. Tell them: “Let me close sales for you on WhatsApp, give me 10-15% commission per sale.” You use the closing skill. No capital needed. One sale of ₦40k wig = ₦4k-₦6k for you.
HUSTLE 3: TikTok + WhatsApp Mini Agency
Create a TikTok page reviewing student products: best power bank, best hostel, best food spot in your school. Put your WhatsApp link in bio. Businesses will pay you to review them. Students will buy through you.
HUSTLE 4: Freelance on Upwork/Fiverr
After 2 weeks of practice, create a Fiverr gig: “I will set up Facebook ad for small business” or “I will write sales captions”. Charge $20. Many Nigerians are making dollars from this.
A easy Roadmap for you as a student:
Week 1-2: Finish Google Digital Garage (2 hrs per day). Learn Canva + CapCut on phone.
Week 3:- Pick ONE skill to sell – I recommend WhatsApp Sales Closer + Instagram Management. It’s fastest cash for students.
Week 4:- DM 20 businesses in your school area. Offer 1 week free trial. Get 1 client.
The Real Formula:-
Digital Marketing = Attention. Sales Closing = Money.
If you can bring attention (with TikTok/IG) and you can close (on WhatsApp), you will never be broke, even as a student.
Don’t learn to be a “digital marketer” – learn to bring one shop 10 extra customers this month. Do it for free, get testimonial video, use it to charge the next 3 shops.
Start with what you have – your phone, 2GB data, and your business admin knowledge. That is enough.
See lessCan Non-Muslim Investors Buy Dangote Refinery IPO Shares on the NGX?
YES. A Non-Muslim can 100% buy Dangote Refinery IPO. Shari'a compliant does NOT mean Muslim-only. Let me explain and simplify what Jaiz Bank chairman meant: 1. What does "sold according to Shari'a principles" mean ? It does NOT mean you must be Muslim to buy it. It means the way the shares are strucRead more
YES. A Non-Muslim can 100% buy Dangote Refinery IPO. Shari’a compliant does NOT mean Muslim-only.
Let me explain and simplify what Jaiz Bank chairman meant:
1. What does “sold according to Shari’a principles” mean ?
It does NOT mean you must be Muslim to buy it. It means the way the shares are structured and the business itself follows Islamic finance rules.
In Islamic finance, a business must NOT make money from:
– Alcohol
– Gambling / betting
– Interest (riba) – excessive loan interest
– Pork, prostitution, etc.
Dangote Refinery refines petrol/diesel. That business is halal – it’s allowed in both Islam and Christianity. So it easily passes Shari’a screening.
Think of it like this: Shari’a compliance is just like ESG or Ethical Investing for Christians. It’s a badge that says “this business is clean and does not cheat people.”
2. What is the implication for you as a non-Muslim investor ?
Nothing negative. In fact, it’s an advantage for you.
– You can buy it: NGX is open to everyone – Muslim, Christian, Atheist. When you open Bamboo, Trove or with your bank, you can buy it like you buy Dangote Cement or MTN. Your religion is not asked.
– Same rights: You will get the same dividend, same profit, same CSCS certificate as a Muslim investor. No difference.
– It is safer for you: A Shari’a compliant IPO is usually more strict. They try to avoid too much debt (because interest is haram). So the company is forced to be less indebted, which is actually safer for your money.
– You get more buyers: Because it is Shari’a compliant, ALL Islamic funds, Jaiz Bank, Lotus Bank, Taj Bank, and Middle East investors can now buy it. More demand = price can go up faster after listing.
Why did the Jaiz Bank Chairman say that ?
He was talking to his own customers. Many devout Muslims in Nigeria avoid the stock market because they fear it’s haram. He was assuring them: “Don’t worry, we have checked Dangote Refinery, it is halal for you to buy.”
He was Not saying Christians cannot Buy.
See less