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Luyah Ola

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  1. Asked: July 15, 2026In: STOCK & CAPITAL MARKET

    What is Fokona all about? And What is Mama Ngozi AI?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago

    Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out. It's more of a financial community . And Mama Ngozi AI is your virtual assistant in fokona

    Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out.
    It’s more of a financial community .
    And Mama Ngozi AI is your virtual assistant in fokona

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  2. Asked: August 25, 2026In: FINTECH & DIGITAL FINANCE

    When Will the Fokona App Be Available ?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago

    If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step. The time would come when fokona app would be live.

    If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step.
    The time would come when fokona app would be live.

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  3. Asked: July 6, 2026In: INVESTING & WEALTH BUILDING

    How Can I Open an InvestNaija Account for My Nephew in Nigeria?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago

    This as been made simple by Invest9ja, If you have an existing invest9ja account for yourself, You can now create a dependent account for your nephew if he's under 18. All you need to do is to go to your profile, you will see add a dependent account, You fill the form and it's done. You would be neeRead more

    This as been made simple by Invest9ja,
    If you have an existing invest9ja account for yourself,
    You can now create a dependent account for your nephew if he’s under 18.
    All you need to do is to go to your profile, you will see add a dependent account,
    You fill the form and it’s done.
    You would be needing your nephew passport, nin and birth certificate.

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  4. Asked: August 30, 2026In: INVESTING & WEALTH BUILDING

    What Is the Minimum Amount Needed to Start Investing in a Money Market Mutual Fund in Nigeria?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago

    This depends on the fund you wanted to get. It depends on the fund rule. But For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria. And you can too it up with a minimum of 1000 naria each time you want to.

    This depends on the fund you wanted to get. It depends on the fund rule.
    But For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria.
    And you can too it up with a minimum of 1000 naria each time you want to.

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  5. Asked: September 2, 2026In: INVESTING & WEALTH BUILDING

    What Is the Best Investment for ₦20,000 in Nigeria for the First Time?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago
    This answer was edited.

    Buying Stocks is you buying ownership Treasury bills is you lending government your money for a certain period of time based on your agreement. Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills,Read more

    Buying Stocks is you buying ownership
    Treasury bills is you lending government your money for a certain period of time based on your agreement.
    Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills, bonds, stocks.

    Before you choose the one you would like to invest in, you have to know your risk appetite.
    That’s how Much rist you can take and your investment goal. If you investment goal is short the it’s best for you to go for mutual funds and treasure bills.
    But If your investment goal is a long term goal then go for stock.

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  6. Asked: September 7, 2026In: STOCK & CAPITAL MARKET

    What Do Gainers and Losers Mean on the NGX App?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 days ago

    Portfolio is like your personal store where all you own are stored for you to view it. Watchlist are the stocks you kept but you don't own. You keep them to look at it's performance for the mean time to decide maybe you can can buy it. Gainer is the list the list of those that perform well for the dRead more

    Portfolio is like your personal store where all you own are stored for you to view it.
    Watchlist are the stocks you kept but you don’t own. You keep them to look at it’s performance for the mean time to decide maybe you can can buy it.
    Gainer is the list the list of those that perform well for the day
    Loser is the list of those that didn’t perform well for the day

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  7. Asked: March 24, 2026In: STOCK & CAPITAL MARKET

    How Does the Iran War Affect Stock Markets and Equity Funds Globally?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 months ago

    My answer is diversification. During war, some sectors are affected while others gain. Sectors like energy often benefit.

    My answer is diversification. During war, some sectors are affected while others gain. Sectors like energy often benefit.

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  8. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    Can I Save Monthly on Money Market Mutual Fund?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 months ago

      yes,you can decide to top up your mmmf monthly.

     


    yes,you can decide to top up your mmmf monthly.

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  9. Asked: March 19, 2026In: STOCK & CAPITAL MARKET

    Between MMMF and Paramount Equity Fund – Which one is the Best?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 months ago

    It depends on you, If you are looking for capital preservation MMMF is the best, But if you want you are an aggressive investor (you are ok with high risk ) paramount is ok. Because Paramount is subjected to market trend because it invest majorly in stock while mmmf is always a low risk usually forRead more

    It depends on you,

    If you are looking for capital preservation MMMF is the best,

    But if you want you are an aggressive investor (you are ok with high risk ) paramount is ok.

    Because Paramount is subjected to market trend because it invest majorly in stock while mmmf is always a low risk usually for investors looking for a short term investment and capital preservation.

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  10. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    is Bamboo App legit for Investment?

    Luyah Ola
    Luyah Ola Starter
    Added an answer about 6 months ago

    Bamboo is licensed by SEC (Securities and Exchange Commission) that makes it an legit investment app

    Bamboo is licensed by SEC (Securities and Exchange Commission) that makes it an legit investment app

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