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If I Invest ₦10 Million in FGN Bonds, Can I Use It to Get a Loan from the Bank Quickly?
You can have ₦10 Million… walk into the bank with confidence… and still be rejected for a loan. Yes… this is where many people get shocked. Because nobody taught them how money really works. As your Financial Literacy Advocate.. Let me explain this better with a simple story… Imagine: Mama Ngozi thaRead more
You can have ₦10 Million… walk into the bank with confidence… and still be rejected for a loan.
Yes… this is where many people get shocked.
Because nobody taught them how money really works.
As your Financial Literacy Advocate.. Let me explain this better with a simple story…
Imagine:
Mama Ngozi that sells Tomatoes in the village… finally saved money for years.
One day, someone told her:
So she gathered courage… dressed well… and walked into the bank.
She said:
She believed that was enough.
But after everything…
The bank still told her… “We will get back to you.”
And that “we will get back to you” never came.
Now listen carefully…
The problem was not her money or Bond.
The problem was what she didn’t understand.
And… This is the same mistake many people are making today.
They believe:
No.
That is not how money works.
Oya… Sit down…
Let me open your eyes to something most people will never tell you…
Banks don’t give loans because you have something valuable.
Banks give loans because they are sure they will get their money back.
That is why in finance… we have something called:
The 5 Cs of Credit
But let me break it down in a way that even Grandma in the Village will nod her head and say “yes Iking… understand this one deeply”
Now.. listen:
Before the bank looks at your money…
They look at YOU.
Yes… YOU.
Who are you?
Have you borrowed before?
Did you pay back?
That is your CHARACTER.
How do you make money?
Do you have steady income?
Does your business bring cash every day?
That is your CAPACITY.
Do you have your own money inside what you are doing?
Or you want to risk only the bank’s money?
That is your CAPITAL.
Now we come to what most of you focus on…
COLLATERAL
Yes… your FGN Bond can work here.
And let me tell you something powerful…
FGN Bond is even stronger than many lands people are carrying around.
Yes…
Because land can have:
Family disputes
Government issues
Fake documents
But bond?
Very Clean… verifiable… and structured.
But here is the truth that will shock you…
Collateral does NOT guarantee loan.
Lastly…
What are you using the loan for?
Does it make sense… or you are just chasing opportunity blindly?
That is your CONDITION.
These are what we called the 5 Cs of Credit in Finance
Now let me bring it back to you…
You asked:
“If I invest ₦10M in FGN Bond… can I get loan within a week?”
Let me answer you honestly…
It is not your bond that determines speed.
It is your structure.
Because…
Two people can walk into the same bank with ₦10M…
One will get loan in days…
And…
The other will be ignored.
Why?
Because one understands money…
The other only has money.
Let me say something that many people are not ready to hear…
Having money is different from understanding money.
That is why some people have millions…
But still struggle for opportunities.
While some people with less…
Access bigger opportunities faster.
Now hear this carefully…
When I said you can use bond as collateral…
I was not telling you to go and borrow.
No.
I was showing you a door most people don’t even know exists.
Because some people are stuck not because they are poor…
But because they don’t understand structure.
Let me leave you with this…
And read it twice…
Money does not reward who has it…
Money rewards who understands it.
So the real question is not:
“Can I get loan with ₦10M bond?”
The real question is:
My name is Iking Ferry…
And I’m not just here to talk about money…
I’m here to make sure you never look at money the same way again.
See lessIs Insurance Really a Scam in Nigeria or Why Do Many People Struggle to Get Their Claims Paid?
If you still believe insurance does not work in Nigeria… then you are not broke, you are just uninformed. Let me explain: After I shared my last post, I saw many comments saying “Insurance companies in Nigeria are scammers” “It doesn’t work here like abroad” And I just smiled… Because most people doRead more
If you still believe insurance does not work in Nigeria… then you are not broke, you are just uninformed.
Let me explain:
After I shared my last post, I saw many comments saying
And I just smiled…
Because most people don’t have an insurance problem…
They have a knowledge problem.
Let me tell you something that might shock you…
Insurance works in Nigeria.
Not 50%… not 70%… 100%.
But here is the part many people don’t want to hear…
Insurance will only work for you to the level of your understanding.
You see, before you even think of buying insurance, you need more knowledge than someone entering the stock market.
Yes… I said it.
Because in insurance, it’s not just about paying premium…
It’s about understanding:
What exactly you are buying
What is covered and what is not covered
The conditions that must be met before you get paid
And the process to follow when things go wrong
Most people skip this part…
Then when problem happens… they shout “scam”
As your Financial Literacy Advocate, Let me break something down for you…
The same way accounting principles are the same all over the world…
That is the same way insurance works.
The same foundation used in the US, UK, South Africa…
Is the same thing used in Nigeria.
Because… Money does not have two languages.
And.. Risk does not have two definitions.
Insurance is built on one principle globally…
Risk management.
So the problem is not Nigeria…
The problem is ignorance.
Now let me tell you the secret that nobody will tell you…
Every insurance company in the world is designed to do one thing…
Reduce how much they pay out.
Yes… read that again.
They are businesses… not charity organizations.
You pay premium… they manage risk…
And when something happens, they check:
Did you follow the policy?
Does this claim meet the conditions?
Is there any breach?
If you don’t understand your policy…
You have already lost before you even start.
Now here is where many people are completely blind…
Between you and the insurance company… there is a system.
There are professionals called Loss Adjusters.
These are not your enemies…
And they are not the insurance company’s friends.
They are independent professionals regulated in Nigeria by NAICOM.
Their job is simple…
To investigate what happened
To assess the damage
To ensure the insurance company does not cheat you
And also ensure you are not cheating the system
They stand in the middle…
Yet most Nigerians don’t even know they exist.
Let me ask you a simple question…
For those shouting “insurance is scam”…
How many of you have ever:
Read your policy document properly?
Engaged a loss adjuster when your claim was denied?
Reported the insurance company to NAICOM?
Be honest with yourself…
Most of you did nothing.
You just complained…
Now let me open your eyes to something deeper…
Insurance is not for enjoyment…
It is for survival.
It is not for when life is good…
It is for when life breaks.
That moment when your shop burns
That moment when accident happens
That moment when sickness drains everything
That is when you will understand the power of structure.
And here is the painful truth…
Even Mama Ngozi that sells tomatoes in the village can afford insurance.
Yes…
Some policies are as low as ₦2,000 monthly.
So the issue is not affordability…
The issue is awareness.
Let me say this clearly…
Anything you don’t understand will always look like a scam to you.
The same thing happened when people said stock market is scam.
Today… those who understood it are building wealth quietly.
That’s why I have maintained that Financial literacy is not about arguing online…
It is about understanding how money, risk, and protection works.
That is why platforms like Fokona exist…
To break down complex financial concepts
Into simple language anybody can understand
Even Mama Ngozi.
In my next posts…
I will show you:
How to choose the right insurance company
How to pick the right policy
And how to get your money… even when they refuse to pay
Yes… including how they can be forced to pay more.
Because knowledge changes everything.
For now… just remember this…
Insurance is not a scam.
Ignorance is.
See lessHow Can I Invest Over ₦50 Million in Federal Government Bonds in Nigeria?
If you have ₦50 Million and you put everything inside FGN Bonds… there is a high chance you will regret it later… not because it is a bad investment… but because you didn’t understand it. Let me explain this in a way that will open your eyes… Imagine Mama Ngozi that sells tomatoes in the village… onRead more
If you have ₦50 Million and you put everything inside FGN Bonds… there is a high chance you will regret it later… not because it is a bad investment… but because you didn’t understand it.
Let me explain this in a way that will open your eyes…
Imagine Mama Ngozi that sells tomatoes in the village… one day she makes big money, say ₦50 million… and instead of keeping the money in her shop or turning it over in her business, she decides to give everything to one very trusted person in the village…
She tells the person… “Take this money… use it to do something big… just be paying me small money every three months.”
Now tell me… did Mama Ngozi invest her money… yes
Is her money safe… yes
But did she make the best decision… that is where the real question is…
That is exactly how FGN Bond works…
You are not giving money to a person… you are giving money to Nigeria itself… the entire country owes you… not any president, not any government official… the country…
That is why it is very safe… one of the safest in Nigeria…
But listen carefully…
Safety does not mean it is right for you…
That is where most people get it wrong…
Because once people hear “safe”… they carry all their money and lock it there…
Now imagine Mama Ngozi again…
After giving out her ₦50 million… something happens in her life… maybe her business needs urgent money… maybe an opportunity comes… maybe a problem comes…
Then she remembers… “Ah… my money is with that person…”
But she cannot collect it immediately…
That is the problem with FGN Bond…
Your money is working… but your money is also tied down…
FGN Bond is not like money you can just wake up and withdraw… it is not your savings account… it is not your normal investment you can easily turn to cash…
You can sell it in the market, yes… but it is not as simple as pressing withdraw…
Now this is where wisdom comes in…
If that ₦50 million is just part of your money… maybe you have other income… you have business… you have cash flow… then you are fine…
But if that ₦50 million is everything you have… or even half of everything you have… then you have just locked your life into one position…
Because FGN Bond is long-term…
Two years… three years… five years… even ten years and above…
This is not money you play with…
Now let me open your eyes to something many people don’t know…
FGN Savings Bond that many of you rush into every month has a limit… you cannot just dump unlimited money there at once… it is capped per subscription… and it comes out every month…
So if you truly want to invest big money… real investors don’t rush… they structure it over time…
Then there is the main FGN Bond itself… the bigger one… longer duration… usually accessed through brokers and banks… that is where serious money flows…
Now here is another thing that will shock you…
While your money is there… it is not sleeping…
Every three months… the government pays you interest directly… steady… predictable…
And the most interesting part…
That money you are receiving… is tax-free…
No deductions… nothing…
But let me show you the real secret… the one many people don’t understand…
That bond you bought…
You can carry it to a bank… and use it as collateral…
Yes…
You can collect a loan with it… and use that loan to run business…
That is how smart people use bonds…
They don’t just lock money…
They leverage it…
Now let me talk to you like someone that wants you to grow…
If you truly have ₦50 million…
Don’t let anybody deceive you…
Don’t put everything in FGN Bond…
That is not wisdom… that is fear disguised as investment…
Real investors don’t think like that…
They structure their money…
Some part for safety… should be on FGN BOND.
some part for liquidity… Should be on Money Market Mutual Fund.
some part for growth… Should be on Business or Stock Market.
And some part for opportunity… Because life will always present opportunities… And only liquid people take advantage of opportunities…
Most people are not poor because they don’t have money…
They are poor because their money is locked in the wrong place at the wrong time…
So yes… FGN Bond is powerful…
Yes… it is safe…
Yes… it pays you…
But if you don’t understand how to use it…
It will limit you instead of helping you…
Think about this…
Before you invest… don’t just ask “is it safe?”
Ask yourself…
“Does this give me flexibility… or does it trap me?”
That one question alone…
Will change how you invest forever.
Here’s How to Buy FGN SAVINGS BOND
Download any SEC licensed Stock Brokerage App like Investnaija by Chapel Hill Denham, Or Afrinvestor by Afrivest, or Stanbic IBTC.
My name is Iking Ferry.
And I don’t just talk about investment…
I help you understand money the way most people never will.
See lessWhen Is the Tax Filing Deadline for a New Taxpayer Who Registered in 2026?
Many people get confused about tax filing in Nigeria because they mix up personal income tax and company income tax Let me explain The First thing you must understand is that Personal income tax and company income tax are not the same If your business is a small business under your name like a soleRead more
Many people get confused about tax filing in Nigeria because they mix up personal income tax and company income tax
Let me explain
The First thing you must understand is that Personal income tax and company income tax are not the same
If your business is a small business under your name like a sole proprietorship or enterprise, then you will file personal income tax
If your business is registered as a limited liability company, then it will file company income tax
Now let me explain the timing in a way that even Mama Ngozi that sells Tomatoes in the Village will understand.
Imagine:
Mama Ngozi starts her tomato business in January 2026
From that day, she begins to record everything she sells and all her income
She cannot file tax immediately because she has not completed one full year of business
She will keep records from January to December 2026
After the year ends, she will now calculate everything she made
Then she will file her tax in 2027
That is how it works
Now here is the key difference many people don’t know
Personal income tax deadline is always March 31 every year
Company income tax is usually filed after the company has completed 12 months of operation
Let me tell you Another important truth
Even if you just started a business in 2026, if you had personal income in 2025, you are still expected to file your personal income tax for 2025 before March 31 2026
That is because tax is always based on the previous year
Another important thing is business commencement date
YES… When you register with FIRS, now Nigeria Revenue Service, they will ask for your business start date
That date is very important because that is when your tax record begins
From that date, you count 12 months of business operation before filing
In Simple English…
If it is personal income tax, file every year before March 31
If it is company income tax, file after one full year of business
Tax is not about when you register, it is about when you start earning and recording income
Once you understand this, you will never miss your tax deadline again and you will stay compliant without stress
See lessWhat Is the Difference Between Bonds and Treasury Bills in Nigeria?
You will receive your Interests after Three months. FGN Bond pays Interest Quarterly
You will receive your Interests after Three months.
See lessFGN Bond pays Interest Quarterly
Stock Market Investing vs. Starting a Business: Which is better for building wealth with 1 Million Naira?
Good Point
Good Point
See lessHow Can a Block Industry Owner Sell More Using Facebook and Instagram Ads?
Let me tell you the truth that many people will not tell you… Your problem is not ads. Your problem is that your product is not speaking. And in your kind of business (block industry), if your product does not speak… nobody will trust it. Let me explain Imagine Mama Ngozi Wants to Build a House SheRead more
Let me tell you the truth that many people will not tell you…
Your problem is not ads.
Your problem is that your product is not speaking.
And in your kind of business (block industry),
if your product does not speak… nobody will trust it.
Let me explain
Imagine Mama Ngozi Wants to Build a House
She goes to the market.
Two block sellers are there.
Tell me…
Who will Mama Ngozi buy from?
Not the cheapest.
but.. The most trusted.
As Marketing Strategist….
Here are the Steps to Follow:
Step 1: Fix Your Foundation (Content First, Not Ads)
Before you spend ₦1 on Facebook or Instagram ads…
Create CONTENT that proves your quality.
This is where 90% of people fail.
What kind of content should you create?
This is where money is made.
Because you are not just selling blocks…
You are selling TRUST.
Step 2: Position Yourself as the “Quality Guy”
Don’t be just another block seller.
Be known for something.
Examples:
Let people associate your name with quality, not price.
Step 3: Only Then You Run Ads (Not Before)
Now that your content is ready…
Then you run ads.
Not to sell directly.
But to amplify your proof and create awareness.
Here is How to Run the Ads Properly:
1. Objective
Use:
2. Target Audience
Target:
3. Your Ad Content
Don’t run “Buy block now” ads.
Run:
“Watch this before you buy blocks”
“See why some houses crack after 2 years”
“This is how to test block strength”
Then show your proof.
Step 4: Convert Attention to Sales
Once people watch your content…
They will message you.
Now do this:
Most sales are closed in the DM, not in the ad.
Step 5: Build Long-Term Dominance
This is where real money is.
Don’t stop at one sale.
Because in your business…
One customer can bring 10 more.
Here is a Secret Most People Don’t Know
In physical product business like block industry:
Content builds trust.
Trust brings customers.
Ads only increase visibility.
If you run ads without content…
You will waste money.
But if your content is strong…
Even ₦5,000 ad can bring serious buyers.
Here is my Advice:
Don’t rush to run ads.
First…
Make your product speak
Show your quality
Educate your market
Then use ads to push it.
If you do this well…
You will not be competing on price anymore.
People will come to you and say:
“I want YOUR block… not just any block.”
And that is how you win in business.
i am Iking Ferry
See lessWhat does it take for you to mentor someone – Iking Ferry?
Let me answer you honestly… without sugarcoating anything. 1. What it takes for me to mentor someone For me, Mentorship is not about liking you. It is not about following me. It is not about asking many questions. Mentorship is about responsibility. And most people are not ready for it. These are thRead more
Let me answer you honestly… without sugarcoating anything.
1. What it takes for me to mentor someone
For me, Mentorship is not about liking you.
It is not about following me.
It is not about asking many questions.
Mentorship is about responsibility.
And most people are not ready for it.
These are the things I look for:
1. You must be serious with your life
Not motivated… serious.
Motivation fades.
Seriousness stays.
If you are still jumping from one opportunity to another,
looking for quick money…
Mentorship will not help you.
2. You must be willing to follow structure
I don’t do trial-and-error mentorship.
If I give you a structure and you keep doing your own thing…
You are wasting your time.
3. You must have patience
Wealth is not built in 3 months.
And If your mindset is: “Let me try this and see results quickly”
You are not ready.
4. You must be financially committed
Let me be very clear.
Free advice is general.
Mentorship is specific.
And anything that is specific requires:
Time
Attention
And Strategy
That is why mentorship is not free.
Not because of money alone…
But because commitment is tested through what you are willing to invest.
2. As a beginner, where should you start investing?
This is where most people make their biggest mistake.
They start with:
Crypto
Trading
And High-risk stocks
Because they want fast results.
Let me explain this better, using a simple example.
If Mama Ngozi has ₦100,000…
She will not use it to do risky business first.
She will first:
Keep part safe
Use small part to test business
That is wisdom.
Here’s a Step-by-Step Starting Point for Beginners:
Step 1: Start with Money Market Mutual Fund
This is your foundation.
Why?
Because… its Low risk investment with Stable returns, and very Easy to access.
This Helps you build discipline
Think of it as:
“Parking your money where it is working quietly”
Step 2: Learn before you move
Don’t rush into stocks.
First understand:
How companies make money
How to read basic financials
Why prices go up and down
Because…. Ignorance in investment is expensive.
Step 3: Move to Stocks gradually
When you understand the basics:
Start with strong companies
Think long-term
Don’t chase hype
Step 4: Only then consider high-risk assets
Like Crypto, aggressive investments…
And this Should not be more than 10% of your portfolio
Because… Anything beyond that is gambling, not investing.
Let me tell you the truth:
Most people are not poor because they don’t have money…
They are poor because:
They don’t have structure
They don’t have discipline
They don’t have patience
So… here’s My Advice to You
Don’t rush to look for mentorship.
First:
Build discipline
Start small
Stay consistent
When you are ready for structure…
Mentorship will find you.
I am Iking Ferry.
I don’t just teach investment.
I teach how to think about money.
See lessWhat are the Benefits of CAC Registration?
Registering your business with CAC simply means you have made your business official in the eyes of the government. It is not just a certificate, it opens many doors for growth. One major benefit is credibility. People trust a registered business more than an unregistered one. Customers, banks, andRead more
Registering your business with CAC simply means you have made your business official in the eyes of the government. It is not just a certificate, it opens many doors for growth.
One major benefit is credibility. People trust a registered business more than an unregistered one. Customers, banks, and partners will take you more seriously.
Another benefit is access to funding. With CAC registration, you can open a business bank account, apply for loans, and even attract investors. Many financial opportunities require a registered business.
It also protects your business name. Nobody else can legally use your registered name, so your brand is secured.
In addition, it helps you grow beyond small scale. You can enter into contracts, work with bigger companies, and expand your operations more easily.
See lessHow Do Investment Institutions and Banks in Nigeria Actually Generate Profit Beyond Government Bonds?
This is a very deep question, and the answer becomes clear when you understand how value is created at each level of the financial system. Let me explain. At the basic level, individuals earn money from their work or business. The challenge for most people is that this money sits idle or is not manaRead more
This is a very deep question, and the answer becomes clear when you understand how value is created at each level of the financial system.
Let me explain.
At the basic level, individuals earn money from their work or business. The challenge for most people is that this money sits idle or is not managed properly. When individuals save or invest, they are basically giving their money to institutions to manage.
Banks and investment institutions do not let money sleep. They take deposits and invest in assets like government bonds, corporate bonds, money market instruments, stocks, and sometimes structured investments. Their profit comes from the difference between what they earn on investments and what they pay to customers.
Now, beyond banks, investment institutions like asset managers and fund managers think differently. Their main job is to allocate capital efficiently. They study risks, returns, timing, and market conditions before deciding where to place money. Their profit comes from management fees, performance, and sometimes spreads or investment gains depending on the structure.
Let me simplify the chain of value creation.
Individuals create value through work and business.
Banks create value by collecting idle money and lending or investing it.
Investment institutions create value by professionally allocating large pools of capital into different assets.
Government creates value by using borrowed funds to build infrastructure and support the economy.
Companies create value by using capital to grow revenue and profits.
For Example:
Imagine Mama Ngozi sells tomatoes. At the end of the day, she has money.
If she keeps it idle, it loses value over time. If she puts it in a trusted saving system, that money is pooled together with others and used to support bigger activities like lending or investment.
so… In return, she earns a share of the returns.
Now here is the deeper secret many people miss.
Investment institutions are not just looking for returns. They are managing risk first, then returns.
They diversify across assets, time horizons, and economic cycles. They also think in terms of probability, not certainty. They understand that not every investment will win, but the overall portfolio must win over time.
Another important secret is that institutions operate with discipline, not emotion. They follow structured processes, data, and long term strategies. They do not chase hype. They position capital where the risk reward is favorable, and they constantly rebalance.
So how can an individual think like an institution?
First, stop thinking like a trader chasing quick profit.
Start thinking like a capital allocator. Ask where your money is best positioned for growth over time.
Second, understand risk before return. Do not invest in what you do not understand.
Third, diversify instead of concentrating everything in one place.
Fourth, think long term. Institutions are not trying to double money overnight. They build consistent growth over time.
Fifth, build knowledge continuously. The more you understand how money flows, the better your decisions become.
Because… Wealth is not only about how much money you have, but how well you understand where money should go and why.
If you think like an investor, you protect capital.
See lessIf you think like an institution, you allocate capital wisely.
If you combine both, you move from being a saver to becoming a strategic participant in the financial system.