A joint account can be a very good financial tool in Nigeria, especially for couples, business partners or people saving toward a common goal. But it is not automatically better than having separate accounts. For example, imagine a husband and wife who both earn money. The husband earns ₦250,000 andRead more
A joint account can be a very good financial tool in Nigeria, especially for couples, business partners or people saving toward a common goal. But it is not automatically better than having separate accounts.
For example, imagine a husband and wife who both earn money.
The husband earns ₦250,000 and the wife earns ₦200,000 monthly. Instead of putting all their money into one account, they could maintain their individual accounts and create a joint account specifically for household expenses.
They could each contribute ₦100,000 every month, giving them ₦200,000 to cover rent, food, electricity, children’s expenses and other agreed responsibilities.
Advantages
1. Transparency
Both people can see what is happening with the money.
2. Easier to achieve common goals
For example, if a couple wants to save ₦1 million for rent, they can contribute together.
3. Shared responsibility
One person doesn’t have to carry every household expense alone.
4. Useful for emergencies
A properly structured joint account can make it easier for both parties to access money for agreed purposes.
Disadvantages
1. Trust issues can become financial issues.
If one person withdraws money without communicating with the other, it can create serious problems.
2. Different spending habits.
Imagine one person wants to save ₦100,000 every month while the other keeps withdrawing money for personal expenses. The account can quickly become a source of conflict.
3. Relationship problems can affect the money.
If a couple separates or business partners fall out, accessing or controlling the account can become complicated depending on the account mandate and the bank’s procedures.
4. You can lose financial independence.
I don’t think couples should necessarily put every naira they earn into one account. Having some personal money can also be healthy.
My preferred approach
For a married couple, for example:
Personal account: Each person keeps some money for personal expenses.
Joint account: Both contribute a fixed percentage toward household expenses, emergency savings and common goals.
For example, if they earn a combined ₦450,000 monthly, they might agree to contribute ₦200,000 into the joint account and manage the remaining ₦250,000 individually according to their personal responsibilities.
The most important thing is not the joint account itself.
It is the agreement behind the account.
Before opening one, agree on who can withdraw, how much each person contributes, what the money can be used for, and what happens if the relationship or partnership changes.
A joint account should create financial cooperation, not financial dependence.
If the baby is expected around March or April, I wouldn't put the entire ₦1 million into a risky investment just to chase profit. The first question should be: When will I need this money? If I may need the money within 6–8 months, capital preservation and easy access should come before high returnsRead more
If the baby is expected around March or April, I wouldn’t put the entire ₦1 million into a risky investment just to chase profit.
The first question should be: When will I need this money?
If I may need the money within 6–8 months, capital preservation and easy access should come before high returns.
For example, I could structure the ₦1 million like this:
₦600,000 → Money market/fixed-income investment
For relatively low-risk income while keeping the money accessible, depending on the product’s terms.
₦250,000 → Emergency/baby reserve
Keep this readily available for unexpected hospital bills, medications, transportation or other urgent expenses.
₦150,000 → Short-term Treasury Bills or another suitable short-term fixed-income option
Only if the maturity date fits comfortably before I need the money.
Imagine the investments generate an average 10% annual return just for illustration. The actual return will depend on the product and prevailing rates.
₦600,000 at 10% for roughly 8 months would be around ₦40,000 before applicable fees/taxes and assuming the rate remained constant.
The bigger win, however, is that you still have most of your capital available when the baby arrives.
I wouldn’t put this particular ₦1 million into individual stocks, crypto or any investment that could fall significantly shortly before the baby arrives. You don’t want to be forced to sell a ₦1 million investment for ₦800,000 because an emergency happened at the wrong time.
Also, don’t forget that inflation can reduce the purchasing power of cash, so keeping everything in a normal account may not be ideal either.
My priority would be:
Protect the capital → keep emergency access → earn some return → prepare for the baby’s expenses.
After the baby arrives and the emergency fund is properly established, then I can start putting a separate amount into longer-term investments for the child’s future.
Congratulations on your first salary. With ₦75,000, I wouldn't try to invest a large portion immediately. Your first goal should be to build financial stability and avoid borrowing before the next salary. If you want to give 10% as tithe, that's ₦7,500. That leaves ₦67,500. A realistic starting budgRead more
Congratulations on your first salary.
With ₦75,000, I wouldn’t try to invest a large portion immediately. Your first goal should be to build financial stability and avoid borrowing before the next salary.
If you want to give 10% as tithe, that’s ₦7,500.
That leaves ₦67,500.
A realistic starting budget could look like this:
Tithe: 10% = ₦7,500
Feeding: 25% = ₦18,750
Transport: 20% = ₦15,000
Emergency savings: 15% = ₦11,250
Data/phone: 5% = ₦3,750
Family support: 5% = ₦3,750
Clothing/personal needs: 5% = ₦3,750
Investment: 5% = ₦3,750
Medical/miscellaneous: 10% = ₦7,500
Total = ₦75,000
Here’s the important part: these percentages are not a rigid rule. If your transport to work is higher, reduce clothing or miscellaneous spending rather than borrowing money.
For example, if you normally spend ₦15,000 on transport and ₦18,000 on feeding, that’s already ₦33,000. Don’t force yourself to invest ₦15,000 just because someone online says you should invest 20%.
Start with the ₦11,250 emergency savings every month. After 6 months, that’s ₦67,500 before any interest. As your salary increases, increase your investment percentage.
Also, don’t feel pressured to financially support everyone just because you have received your first salary. You cannot build a strong financial future if every salary disappears before the next one arrives.
Your first salary should teach you one major habit:
Give → Budget → Save → Invest → Spend.
And remember, your biggest investment at this stage may actually be your career and skills. If you can increase your income from ₦75,000 to ₦150,000 or ₦200,000, budgeting becomes much easier.
The goal is not to look rich with your first salary. The goal is to build a financial life where you don’t have to borrow before payday.
NASDAQ is a stock exchange in the United States, where investors buy and sell shares of publicly listed companies. Think of it like the Nigerian Exchange (NGX) in Nigeria. For example, on the NGX, you can buy shares of Nigerian companies such as banks and other listed businesses. On NASDAQ, you canRead more
NASDAQ is a stock exchange in the United States, where investors buy and sell shares of publicly listed companies.
Think of it like the Nigerian Exchange (NGX) in Nigeria.
For example, on the NGX, you can buy shares of Nigerian companies such as banks and other listed businesses. On NASDAQ, you can find many major technology and growth companies such as Apple, Microsoft, Amazon, NVIDIA and Alphabet.
Here’s a simple example:
If you have $1,000 and you buy shares of a company listed on NASDAQ, you become a shareholder in that company. If the share price increases, the value of your investment can increase. If the price falls, your investment can also lose value.
So, NASDAQ is not a company or a particular stock. It is a stock exchange where many companies are listed and their shares are traded.
In simple terms:
NGX = major stock exchange in Nigeria
NASDAQ = major stock exchange in the United States
As a Nigerian investor, you can potentially invest in foreign stocks through platforms that provide access to international markets, but you should consider exchange-rate risk, fees, taxes and whether the platform is properly regulated.
I think the naira can become more stable over the next 3 years, but I wouldn't say it is guaranteed that the naira will become significantly stronger against the dollar. For me, these are some of the signs I would watch: 1. Inflation continues to fall. If inflation moves from very high levels towardRead more
I think the naira can become more stable over the next 3 years, but I wouldn’t say it is guaranteed that the naira will become significantly stronger against the dollar.
For me, these are some of the signs I would watch:
1. Inflation continues to fall.
If inflation moves from very high levels toward 10% or lower and stays there, that would be a strong sign that the naira is gaining purchasing-power stability.
2. Nigeria keeps building its foreign reserves.
Higher reserves give the country a stronger buffer against external shocks and can support confidence in the FX market.
3. The FX market becomes more stable.
If the gap between different exchange-rate markets remains small and the naira stops experiencing large sudden movements, that would be positive.
4. Oil production and non-oil exports improve.
Nigeria needs more consistent dollar inflows. More oil revenue, exports, remittances and foreign investment can increase the supply of foreign currency.
5. Government borrowing and money creation are better controlled.
If government finances improve and the CBN can focus more effectively on controlling inflation, pressure on the naira could reduce.
6. Investors regain confidence.
More long-term foreign investment means dollars entering the economy for businesses and production rather than mainly short-term speculative money.
Here’s a simple example.
Imagine the naira is ₦1,500/$ today. If over the next three years inflation falls significantly, reserves keep rising, oil production improves and dollar inflows become stronger, the naira might become more stable and could potentially move to something like ₦1,300/$ or ₦1,200/$.
But the opposite can also happen. If inflation remains high, oil production falls, government finances deteriorate and demand for dollars remains much higher than supply, the naira could weaken further.
So I wouldn’t build an investment plan based on “the naira will definitely appreciate.”
I would rather prepare for both scenarios.
The real victory is not necessarily getting back to an old exchange rate. It is getting to a point where the naira loses value slowly and predictably, inflation is falling, and people and businesses can plan their finances with confidence.
If you want to invest in Treasury Bills from the comfort of your home, you don't necessarily need to visit a bank physically. The important thing is to use a legitimate platform connected to a properly regulated investment operator, rather than choosing an app simply because it is popular. For exampRead more
If you want to invest in Treasury Bills from the comfort of your home, you don’t necessarily need to visit a bank physically.
The important thing is to use a legitimate platform connected to a properly regulated investment operator, rather than choosing an app simply because it is popular.
For example, imagine I have ₦100,000 and I want to invest in a 364-day Treasury Bill.
I would compare a few platforms and check:
• Is the operator properly registered with the SEC?
• What is the minimum amount I can invest?
• What Treasury Bill tenors are available?
• What fees or charges apply?
• How do I receive my money at maturity?
• Can I sell before maturity if I suddenly need the money?
If the Treasury Bill investment gives an effective return of, say, 10% for illustration, ₦100,000 would produce roughly ₦10,000 in return before applicable charges or taxes. The actual return depends on the prevailing Treasury Bill rate and the price at which you purchase it.
One thing beginners should understand is that Treasury Bills are not like buying a normal savings product where you can simply withdraw the money anytime. You are investing in a short-term government security with a specific maturity date.
So my advice would be:
Don’t ask only, “Which app is best?” Ask, “Which regulated platform gives me genuine access to Treasury Bills at a reasonable cost and with terms I understand?”
Before depositing your money, verify the operator through the SEC’s official register.
That small step can save you from using a fake investment platform just because the app looks professional.
Yes, it is possible in theory, but the difficult part is not the ₦100. The difficult part is getting 1,000 people to trust you enough to pay you ₦100 every day. Think about it this way: ₦100 × 1,000 people = ₦100,000 per day. You don't necessarily need to find 1,000 people physically. You need a proRead more
Yes, it is possible in theory, but the difficult part is not the ₦100. The difficult part is getting 1,000 people to trust you enough to pay you ₦100 every day.
Think about it this way:
₦100 × 1,000 people = ₦100,000 per day.
You don’t necessarily need to find 1,000 people physically. You need a product or service that solves a small problem for a large number of people.
For example, imagine you create a platform that helps people get something they regularly need for ₦100 service charge. If 1,000 people use it in a day, that’s ₦100,000 revenue.
Another realistic example is a digital service. You could provide a useful daily service for ₦100, such as access to valuable information, discounts, business leads, educational content, or convenience services. If 1,000 customers pay ₦100, you make ₦100,000 in revenue.
But here’s the important part:
₦100,000 revenue is not ₦100,000 profit.
If it costs you ₦60,000 to provide the service, your profit is only ₦40,000.
So I wouldn’t start by asking, “How can I collect ₦100 from 1,000 people?”
I would ask:
“What small problem can I solve for 1,000 people so well that paying me ₦100 feels worth it?”
Start with 10 people, then 100, then 1,000.
The business isn’t really about ₦100. It’s about creating something people need repeatedly and building a system that can serve many people at a low cost.
Nigeria’s reclassification to a frontier market can be positive for investors because it can improve the visibility and credibility of the Nigerian capital market to international investors. One major benefit is increased foreign investor interest. Some global funds have rules that only allow them tRead more
Nigeria’s reclassification to a frontier market can be positive for investors because it can improve the visibility and credibility of the Nigerian capital market to international investors.
One major benefit is increased foreign investor interest. Some global funds have rules that only allow them to invest in markets that meet certain classifications. Moving from an unclassified market to a recognised frontier-market category can make Nigeria easier for those investors to consider.
For example, imagine a foreign fund has $100 million available for frontier markets. If Nigeria was previously outside its eligible market classification, the fund might not consider Nigerian stocks at all. After reclassification, Nigeria may become part of the markets the fund can research and invest in.
If more investors come into the market, there can be more demand, better liquidity and potentially better price discovery for quality Nigerian companies.
It can also encourage Nigerian companies to improve corporate governance, transparency and reporting standards because they want to attract both local and international investors.
However, investors should not assume that reclassification automatically means every Nigerian stock will rise.
For example, if I invest ₦100,000 in a Nigerian company simply because the market has been reclassified, I could still lose money if that company’s profits fall, debt increases or its share becomes overpriced.
So, I see the reclassification as an opportunity, not a guarantee of profit.
The real benefit will come if Nigeria continues improving market confidence, liquidity, regulation and the overall business environment. As investors, we should still focus on quality companies, strong fundamentals and long-term value.
It depends on which stock you buy and the dividend it pays. There is no fixed dividend for investing ₦100,000. For example, suppose you invest ₦100,000 in a Nigerian company and, based on its latest declared dividend, the stock has a dividend yield of about 8%. If the dividend yield stays around thaRead more
It depends on which stock you buy and the dividend it pays. There is no fixed dividend for investing ₦100,000.
For example, suppose you invest ₦100,000 in a Nigerian company and, based on its latest declared dividend, the stock has a dividend yield of about 8%.
If the dividend yield stays around that level:
₦100,000 × 8% = ₦8,000
So you could receive roughly ₦8,000 in dividends for a year.
But let’s make it more realistic. A company may pay ₦5,000 one year, ₦8,000 the next year, and perhaps less or nothing in another year. Dividends are not guaranteed.
Also, don’t choose a stock simply because it pays a high dividend. Check the company’s profit, cash flow, debt, dividend history and whether the business can continue generating enough money to pay shareholders.
For a beginner, I would look at dividend investing as one part of the total return. You can potentially earn from both:
Dividend income + increase in share price.
So if your ₦100,000 investment pays ₦8,000 in dividends and the shares later rise to ₦115,000, your total value before taxes/fees would be about ₦123,000.
The important thing is not just asking, “How much dividend will ₦100,000 give me?”
Ask: “Is this a strong company that can continue growing and rewarding shareholders over many years?
Every sale does have a buyer, but the important question is: At what price is the buyer willing to buy? Take a simple example. Imagine a stock is trading at ₦100. A big investor wants to sell 1 million shares to take profit. At ₦100, there may only be buyers for 100,000 shares. So the investor stillRead more
Every sale does have a buyer, but the important question is: At what price is the buyer willing to buy?
Take a simple example.
Imagine a stock is trading at ₦100.
A big investor wants to sell 1 million shares to take profit. At ₦100, there may only be buyers for 100,000 shares.
So the investor still has 900,000 shares left to sell. To attract more buyers, the seller may have to accept lower prices:
₦100 → ₦99 → ₦98 → ₦97…
The buyers are still there, but the available buyers at each price level are limited.
This is where supply and demand come in.
If many investors suddenly want to sell while fewer investors are willing to buy at the current price, sellers start accepting lower prices. The market price then falls.
For example, if I bought 10,000 shares at ₦50 and the price rises to ₦80, I may decide to take profit. If thousands of other investors think the same way, there can be heavy selling pressure.
So the issue isn’t that the shares are being sold without buyers.
The issue is that there may not be enough buyers willing to buy all those shares at the current price.
That’s why big profit-taking can affect a stock price, especially when the stock has limited liquidity or a small free float.
In simple terms:
Every seller needs a buyer, but every seller doesn’t get the price they want.
How Good Is a Joint Bank Account in Nigeria Today?
A joint account can be a very good financial tool in Nigeria, especially for couples, business partners or people saving toward a common goal. But it is not automatically better than having separate accounts. For example, imagine a husband and wife who both earn money. The husband earns ₦250,000 andRead more
A joint account can be a very good financial tool in Nigeria, especially for couples, business partners or people saving toward a common goal. But it is not automatically better than having separate accounts.
For example, imagine a husband and wife who both earn money.
The husband earns ₦250,000 and the wife earns ₦200,000 monthly. Instead of putting all their money into one account, they could maintain their individual accounts and create a joint account specifically for household expenses.
They could each contribute ₦100,000 every month, giving them ₦200,000 to cover rent, food, electricity, children’s expenses and other agreed responsibilities.
Advantages
1. Transparency
Both people can see what is happening with the money.
2. Easier to achieve common goals
For example, if a couple wants to save ₦1 million for rent, they can contribute together.
3. Shared responsibility
One person doesn’t have to carry every household expense alone.
4. Useful for emergencies
A properly structured joint account can make it easier for both parties to access money for agreed purposes.
Disadvantages
1. Trust issues can become financial issues.
If one person withdraws money without communicating with the other, it can create serious problems.
2. Different spending habits.
Imagine one person wants to save ₦100,000 every month while the other keeps withdrawing money for personal expenses. The account can quickly become a source of conflict.
3. Relationship problems can affect the money.
If a couple separates or business partners fall out, accessing or controlling the account can become complicated depending on the account mandate and the bank’s procedures.
4. You can lose financial independence.
I don’t think couples should necessarily put every naira they earn into one account. Having some personal money can also be healthy.
My preferred approach
For a married couple, for example:
Personal account: Each person keeps some money for personal expenses.
Joint account: Both contribute a fixed percentage toward household expenses, emergency savings and common goals.
For example, if they earn a combined ₦450,000 monthly, they might agree to contribute ₦200,000 into the joint account and manage the remaining ₦250,000 individually according to their personal responsibilities.
The most important thing is not the joint account itself.
It is the agreement behind the account.
Before opening one, agree on who can withdraw, how much each person contributes, what the money can be used for, and what happens if the relationship or partnership changes.
A joint account should create financial cooperation, not financial dependence.
See lessWhat Is the Safest Way to Invest ₦1 Million Before a Baby Arrives in Nigeria?
If the baby is expected around March or April, I wouldn't put the entire ₦1 million into a risky investment just to chase profit. The first question should be: When will I need this money? If I may need the money within 6–8 months, capital preservation and easy access should come before high returnsRead more
If the baby is expected around March or April, I wouldn’t put the entire ₦1 million into a risky investment just to chase profit.
The first question should be: When will I need this money?
If I may need the money within 6–8 months, capital preservation and easy access should come before high returns.
For example, I could structure the ₦1 million like this:
₦600,000 → Money market/fixed-income investment
For relatively low-risk income while keeping the money accessible, depending on the product’s terms.
₦250,000 → Emergency/baby reserve
Keep this readily available for unexpected hospital bills, medications, transportation or other urgent expenses.
₦150,000 → Short-term Treasury Bills or another suitable short-term fixed-income option
Only if the maturity date fits comfortably before I need the money.
Imagine the investments generate an average 10% annual return just for illustration. The actual return will depend on the product and prevailing rates.
₦600,000 at 10% for roughly 8 months would be around ₦40,000 before applicable fees/taxes and assuming the rate remained constant.
The bigger win, however, is that you still have most of your capital available when the baby arrives.
I wouldn’t put this particular ₦1 million into individual stocks, crypto or any investment that could fall significantly shortly before the baby arrives. You don’t want to be forced to sell a ₦1 million investment for ₦800,000 because an emergency happened at the wrong time.
Also, don’t forget that inflation can reduce the purchasing power of cash, so keeping everything in a normal account may not be ideal either.
My priority would be:
Protect the capital → keep emergency access → earn some return → prepare for the baby’s expenses.
After the baby arrives and the emergency fund is properly established, then I can start putting a separate amount into longer-term investments for the child’s future.
See lessHow Should I Budget My First ₦75,000 Salary in Nigeria?
Congratulations on your first salary. With ₦75,000, I wouldn't try to invest a large portion immediately. Your first goal should be to build financial stability and avoid borrowing before the next salary. If you want to give 10% as tithe, that's ₦7,500. That leaves ₦67,500. A realistic starting budgRead more
Congratulations on your first salary.
With ₦75,000, I wouldn’t try to invest a large portion immediately. Your first goal should be to build financial stability and avoid borrowing before the next salary.
If you want to give 10% as tithe, that’s ₦7,500.
That leaves ₦67,500.
A realistic starting budget could look like this:
Tithe: 10% = ₦7,500
Feeding: 25% = ₦18,750
Transport: 20% = ₦15,000
Emergency savings: 15% = ₦11,250
Data/phone: 5% = ₦3,750
Family support: 5% = ₦3,750
Clothing/personal needs: 5% = ₦3,750
Investment: 5% = ₦3,750
Medical/miscellaneous: 10% = ₦7,500
Total = ₦75,000
Here’s the important part: these percentages are not a rigid rule. If your transport to work is higher, reduce clothing or miscellaneous spending rather than borrowing money.
For example, if you normally spend ₦15,000 on transport and ₦18,000 on feeding, that’s already ₦33,000. Don’t force yourself to invest ₦15,000 just because someone online says you should invest 20%.
Start with the ₦11,250 emergency savings every month. After 6 months, that’s ₦67,500 before any interest. As your salary increases, increase your investment percentage.
Also, don’t feel pressured to financially support everyone just because you have received your first salary. You cannot build a strong financial future if every salary disappears before the next one arrives.
Your first salary should teach you one major habit:
Give → Budget → Save → Invest → Spend.
And remember, your biggest investment at this stage may actually be your career and skills. If you can increase your income from ₦75,000 to ₦150,000 or ₦200,000, budgeting becomes much easier.
The goal is not to look rich with your first salary. The goal is to build a financial life where you don’t have to borrow before payday.
See lessPlease What is NASDAQ?
NASDAQ is a stock exchange in the United States, where investors buy and sell shares of publicly listed companies. Think of it like the Nigerian Exchange (NGX) in Nigeria. For example, on the NGX, you can buy shares of Nigerian companies such as banks and other listed businesses. On NASDAQ, you canRead more
NASDAQ is a stock exchange in the United States, where investors buy and sell shares of publicly listed companies.
Think of it like the Nigerian Exchange (NGX) in Nigeria.
For example, on the NGX, you can buy shares of Nigerian companies such as banks and other listed businesses. On NASDAQ, you can find many major technology and growth companies such as Apple, Microsoft, Amazon, NVIDIA and Alphabet.
Here’s a simple example:
If you have $1,000 and you buy shares of a company listed on NASDAQ, you become a shareholder in that company. If the share price increases, the value of your investment can increase. If the price falls, your investment can also lose value.
So, NASDAQ is not a company or a particular stock. It is a stock exchange where many companies are listed and their shares are traded.
In simple terms:
NGX = major stock exchange in Nigeria
NASDAQ = major stock exchange in the United States
As a Nigerian investor, you can potentially invest in foreign stocks through platforms that provide access to international markets, but you should consider exchange-rate risk, fees, taxes and whether the platform is properly regulated.
See lessHow Can I Tell If the Naira Is Becoming More Stable in Nigeria?
I think the naira can become more stable over the next 3 years, but I wouldn't say it is guaranteed that the naira will become significantly stronger against the dollar. For me, these are some of the signs I would watch: 1. Inflation continues to fall. If inflation moves from very high levels towardRead more
I think the naira can become more stable over the next 3 years, but I wouldn’t say it is guaranteed that the naira will become significantly stronger against the dollar.
For me, these are some of the signs I would watch:
1. Inflation continues to fall.
If inflation moves from very high levels toward 10% or lower and stays there, that would be a strong sign that the naira is gaining purchasing-power stability.
2. Nigeria keeps building its foreign reserves.
Higher reserves give the country a stronger buffer against external shocks and can support confidence in the FX market.
3. The FX market becomes more stable.
If the gap between different exchange-rate markets remains small and the naira stops experiencing large sudden movements, that would be positive.
4. Oil production and non-oil exports improve.
Nigeria needs more consistent dollar inflows. More oil revenue, exports, remittances and foreign investment can increase the supply of foreign currency.
5. Government borrowing and money creation are better controlled.
If government finances improve and the CBN can focus more effectively on controlling inflation, pressure on the naira could reduce.
6. Investors regain confidence.
More long-term foreign investment means dollars entering the economy for businesses and production rather than mainly short-term speculative money.
Here’s a simple example.
Imagine the naira is ₦1,500/$ today. If over the next three years inflation falls significantly, reserves keep rising, oil production improves and dollar inflows become stronger, the naira might become more stable and could potentially move to something like ₦1,300/$ or ₦1,200/$.
But the opposite can also happen. If inflation remains high, oil production falls, government finances deteriorate and demand for dollars remains much higher than supply, the naira could weaken further.
So I wouldn’t build an investment plan based on “the naira will definitely appreciate.”
I would rather prepare for both scenarios.
The real victory is not necessarily getting back to an old exchange rate. It is getting to a point where the naira loses value slowly and predictably, inflation is falling, and people and businesses can plan their finances with confidence.
That’s what I would watch over the next 3 years.
See lessWhich app is best for treasury bills investment?
If you want to invest in Treasury Bills from the comfort of your home, you don't necessarily need to visit a bank physically. The important thing is to use a legitimate platform connected to a properly regulated investment operator, rather than choosing an app simply because it is popular. For exampRead more
If you want to invest in Treasury Bills from the comfort of your home, you don’t necessarily need to visit a bank physically.
The important thing is to use a legitimate platform connected to a properly regulated investment operator, rather than choosing an app simply because it is popular.
For example, imagine I have ₦100,000 and I want to invest in a 364-day Treasury Bill.
I would compare a few platforms and check:
• Is the operator properly registered with the SEC?
• What is the minimum amount I can invest?
• What Treasury Bill tenors are available?
• What fees or charges apply?
• How do I receive my money at maturity?
• Can I sell before maturity if I suddenly need the money?
If the Treasury Bill investment gives an effective return of, say, 10% for illustration, ₦100,000 would produce roughly ₦10,000 in return before applicable charges or taxes. The actual return depends on the prevailing Treasury Bill rate and the price at which you purchase it.
One thing beginners should understand is that Treasury Bills are not like buying a normal savings product where you can simply withdraw the money anytime. You are investing in a short-term government security with a specific maturity date.
So my advice would be:
Don’t ask only, “Which app is best?” Ask, “Which regulated platform gives me genuine access to Treasury Bills at a reasonable cost and with terms I understand?”
Before depositing your money, verify the operator through the SEC’s official register.
That small step can save you from using a fake investment platform just because the app looks professional.
See lessHow Can I Earn ₦100 Every Day From 1,000 Customers in Nigeria?
Yes, it is possible in theory, but the difficult part is not the ₦100. The difficult part is getting 1,000 people to trust you enough to pay you ₦100 every day. Think about it this way: ₦100 × 1,000 people = ₦100,000 per day. You don't necessarily need to find 1,000 people physically. You need a proRead more
Yes, it is possible in theory, but the difficult part is not the ₦100. The difficult part is getting 1,000 people to trust you enough to pay you ₦100 every day.
Think about it this way:
₦100 × 1,000 people = ₦100,000 per day.
You don’t necessarily need to find 1,000 people physically. You need a product or service that solves a small problem for a large number of people.
For example, imagine you create a platform that helps people get something they regularly need for ₦100 service charge. If 1,000 people use it in a day, that’s ₦100,000 revenue.
Another realistic example is a digital service. You could provide a useful daily service for ₦100, such as access to valuable information, discounts, business leads, educational content, or convenience services. If 1,000 customers pay ₦100, you make ₦100,000 in revenue.
But here’s the important part:
₦100,000 revenue is not ₦100,000 profit.
If it costs you ₦60,000 to provide the service, your profit is only ₦40,000.
So I wouldn’t start by asking, “How can I collect ₦100 from 1,000 people?”
I would ask:
“What small problem can I solve for 1,000 people so well that paying me ₦100 feels worth it?”
Start with 10 people, then 100, then 1,000.
The business isn’t really about ₦100. It’s about creating something people need repeatedly and building a system that can serve many people at a low cost.
See lessWhat Benefits Will Investors Gain From Nigeria’s Reclassification From an Unclassified Market to a Frontier Market?
Nigeria’s reclassification to a frontier market can be positive for investors because it can improve the visibility and credibility of the Nigerian capital market to international investors. One major benefit is increased foreign investor interest. Some global funds have rules that only allow them tRead more
Nigeria’s reclassification to a frontier market can be positive for investors because it can improve the visibility and credibility of the Nigerian capital market to international investors.
One major benefit is increased foreign investor interest. Some global funds have rules that only allow them to invest in markets that meet certain classifications. Moving from an unclassified market to a recognised frontier-market category can make Nigeria easier for those investors to consider.
For example, imagine a foreign fund has $100 million available for frontier markets. If Nigeria was previously outside its eligible market classification, the fund might not consider Nigerian stocks at all. After reclassification, Nigeria may become part of the markets the fund can research and invest in.
If more investors come into the market, there can be more demand, better liquidity and potentially better price discovery for quality Nigerian companies.
It can also encourage Nigerian companies to improve corporate governance, transparency and reporting standards because they want to attract both local and international investors.
However, investors should not assume that reclassification automatically means every Nigerian stock will rise.
For example, if I invest ₦100,000 in a Nigerian company simply because the market has been reclassified, I could still lose money if that company’s profits fall, debt increases or its share becomes overpriced.
So, I see the reclassification as an opportunity, not a guarantee of profit.
The real benefit will come if Nigeria continues improving market confidence, liquidity, regulation and the overall business environment. As investors, we should still focus on quality companies, strong fundamentals and long-term value.
See lessHow Much Dividend Can I Earn by Investing ₦100,000 in Nigerian Stocks?
It depends on which stock you buy and the dividend it pays. There is no fixed dividend for investing ₦100,000. For example, suppose you invest ₦100,000 in a Nigerian company and, based on its latest declared dividend, the stock has a dividend yield of about 8%. If the dividend yield stays around thaRead more
It depends on which stock you buy and the dividend it pays. There is no fixed dividend for investing ₦100,000.
For example, suppose you invest ₦100,000 in a Nigerian company and, based on its latest declared dividend, the stock has a dividend yield of about 8%.
If the dividend yield stays around that level:
₦100,000 × 8% = ₦8,000
So you could receive roughly ₦8,000 in dividends for a year.
But let’s make it more realistic. A company may pay ₦5,000 one year, ₦8,000 the next year, and perhaps less or nothing in another year. Dividends are not guaranteed.
Also, don’t choose a stock simply because it pays a high dividend. Check the company’s profit, cash flow, debt, dividend history and whether the business can continue generating enough money to pay shareholders.
For a beginner, I would look at dividend investing as one part of the total return. You can potentially earn from both:
Dividend income + increase in share price.
So if your ₦100,000 investment pays ₦8,000 in dividends and the shares later rise to ₦115,000, your total value before taxes/fees would be about ₦123,000.
The important thing is not just asking, “How much dividend will ₦100,000 give me?”
Ask: “Is this a strong company that can continue growing and rewarding shareholders over many years?
See lessWhy Does Profit-Taking Affect Stock Prices Even When Every Sale Has a Buyer?
Every sale does have a buyer, but the important question is: At what price is the buyer willing to buy? Take a simple example. Imagine a stock is trading at ₦100. A big investor wants to sell 1 million shares to take profit. At ₦100, there may only be buyers for 100,000 shares. So the investor stillRead more
Every sale does have a buyer, but the important question is: At what price is the buyer willing to buy?
Take a simple example.
Imagine a stock is trading at ₦100.
A big investor wants to sell 1 million shares to take profit. At ₦100, there may only be buyers for 100,000 shares.
So the investor still has 900,000 shares left to sell. To attract more buyers, the seller may have to accept lower prices:
₦100 → ₦99 → ₦98 → ₦97…
The buyers are still there, but the available buyers at each price level are limited.
This is where supply and demand come in.
If many investors suddenly want to sell while fewer investors are willing to buy at the current price, sellers start accepting lower prices. The market price then falls.
For example, if I bought 10,000 shares at ₦50 and the price rises to ₦80, I may decide to take profit. If thousands of other investors think the same way, there can be heavy selling pressure.
So the issue isn’t that the shares are being sold without buyers.
The issue is that there may not be enough buyers willing to buy all those shares at the current price.
That’s why big profit-taking can affect a stock price, especially when the stock has limited liquidity or a small free float.
In simple terms:
Every seller needs a buyer, but every seller doesn’t get the price they want.
See less