Money market fund liquidation is not always instant. The time it takes to receive your money depends on the specific fund’s redemption terms and the platform’s processing time. Since you submitted your withdrawal on 3 September and have still not received the money, I would first check the redemptioRead more
Money market fund liquidation is not always instant. The time it takes to receive your money depends on the specific fund’s redemption terms and the platform’s processing time.
Since you submitted your withdrawal on 3 September and have still not received the money, I would first check the redemption status on InvestNaija and confirm the fund’s stated redemption/settlement period.
Also check whether there was a weekend or public holiday during the processing period. If the stated processing period has already passed, contact InvestNaija’s support team with your transaction/reference details and ask them to confirm the exact status of the redemption.
The important thing is not to assume that all money market funds have the same liquidation period. Always check the specific fund’s redemption terms before investing.
I don't think investing ₦1 million in stocks is automatically better than starting a business, or vice versa. The better question is: what does that ₦1 million need to accomplish for you at this stage of your financial life? If you don't yet have stable income, useful skills, an emergency cushion orRead more
I don’t think investing ₦1 million in stocks is automatically better than starting a business, or vice versa.
The better question is: what does that ₦1 million need to accomplish for you at this stage of your financial life?
If you don’t yet have stable income, useful skills, an emergency cushion or a reliable way to generate cash flow, putting all your money into stocks may not solve your biggest problem.
Stocks can help you build wealth over the long term, but they generally don’t replace the need for income.
On the other hand, putting the entire ₦1 million into a business simply because a business can potentially generate more money is also risky. A business can fail, capital can be lost, and the projected ₦50,000 weekly profit is not guaranteed.
So I would look at it this way:
If your foundation is weak: focus first on increasing your earning ability, controlling expenses, building an emergency reserve and creating reliable cash flow.
If you have surplus capital and a long-term horizon: investing a portion in diversified assets can make sense.
If you have a business idea you understand, have tested the market and can realistically generate a return on capital: putting some money into that business may also make sense.
And it doesn’t necessarily have to be stocks OR business.
You can build your income-producing capacity while gradually investing part of your surplus.
The biggest mistake is comparing a guaranteed hypothetical business profit of ₦50,000 every week with an assumed stock-market return. Both numbers are projections, not guarantees.
For a beginner, I would therefore ask these five questions before deciding where the ₦1 million goes:
1. Do I have an emergency fund?
2. Do I have stable income or cash flow?
3. What is my investment/business time horizon?
4. How much loss can I realistically tolerate?
5. Which option do I actually understand?
Your first priority isn’t maximizing returns. It’s building a financial foundation strong enough to survive setbacks and continue growing.
Sometimes the best investment is the one that strengthens your ability to earn, invest and protect your money for many years.
It depends on the type of joint-account mandate. Having a joint account does not automatically mean that either person can withdraw money alone. The important question is how the account was set up with the bank. For example, a joint account may operate under instructions that require: • Either-to-sRead more
It depends on the type of joint-account mandate.
Having a joint account does not automatically mean that either person can withdraw money alone.
The important question is how the account was set up with the bank.
For example, a joint account may operate under instructions that require:
• Either-to-sign: one account holder may be able to carry out transactions without the other.
• Both-to-sign: both account holders may need to authorize the withdrawal or transaction.
There can also be specific restrictions depending on the bank, the account agreement and the type of transaction.
So if two people have a joint account and one person wants to withdraw money alone, the safest thing is to check the account mandate and confirm with the bank what signing authority applies to that particular account.
Don’t assume that being a joint account holder automatically gives you the right to withdraw alone.
And if there is already a disagreement between the account holders, it is better to speak directly with the bank before attempting to withdraw funds, because the bank will operate according to the mandate and applicable rules governing that account.
In short: the answer is not simply “yes” or “no.” It depends on the withdrawal/signing mandate attached to the joint account.
An ETF (Exchange-Traded Fund) is basically a basket of investments that you can buy and sell on a stock exchange, similar to how you buy an individual stock. Instead of buying 20 different securities yourself, one ETF may give you exposure to many of them through a single investment. How does an ETFRead more
An ETF (Exchange-Traded Fund) is basically a basket of investments that you can buy and sell on a stock exchange, similar to how you buy an individual stock.
Instead of buying 20 different securities yourself, one ETF may give you exposure to many of them through a single investment.
How does an ETF work?
The ETF provider creates a fund that holds a particular group of assets. The ETF then has units that investors can buy.
For example, an ETF could be designed to track:
• Nigerian or international stocks
• Government or corporate bonds
• A particular stock-market index
• Commodities such as gold
• A specific sector or industry
So, an ETF is not itself “a stock” or “a bond.” It is a vehicle that can hold different types of assets.
Why do people use ETFs?
One major benefit is diversification.
If you buy one company’s stock and that company performs badly, your investment can be heavily affected.
But if you buy an ETF containing many companies, the performance of your investment is spread across those holdings.
ETFs can also provide convenience because you can get exposure to a group of investments without purchasing each one individually.
How do you choose an ETF?
Don’t choose an ETF simply because its past return looks attractive.
Look at:
1. What does it actually hold?
Understand the underlying assets.
2. What index or strategy does it follow?
Know what you’re actually investing in.
3. Fees and expenses
Investment costs can reduce your long-term returns.
4. Liquidity
Check how actively the ETF is traded and whether you can reasonably buy or sell it when needed.
5. Your investment goal and time horizon
An ETF suitable for someone investing for 15 years may not be suitable for someone who needs the money next year.
6. Risk
An ETF does not automatically mean low risk. An ETF concentrated in stocks can still fall significantly when the underlying market falls.
What about bonds or OMO?
There can be ETFs that provide exposure to fixed-income securities, just as there are equity ETFs that provide exposure to stocks.
However, OMO is a specific type of Nigerian government securities instrument; it isn’t an ETF itself. You would need to check the actual holdings and structure of an ETF to know whether it provides exposure to particular fixed-income instruments.
Is an ETF advisable for a beginner?
It can be, but “advisable” depends on the person’s circumstances.
For a beginner, the most important thing isn’t finding the ETF with the biggest recent return. It’s understanding what the ETF owns, what risks it carries, what it costs, and why it fits your investment objective.
The biggest advantage of ETFs for many investors is therefore not that they guarantee higher returns, but that they can provide simple, diversified access to a particular group of investments.
As with any investment, returns aren’t guaranteed and the value can go down as well as up.
For a new investor, I don't think there is one investment plan that is automatically "the best." The best starting point depends on your goal, time horizon, risk tolerance, income and how much money you can afford to invest. A beginner can think about investments in this order: 1. Start with financiRead more
For a new investor, I don’t think there is one investment plan that is automatically “the best.”
The best starting point depends on your goal, time horizon, risk tolerance, income and how much money you can afford to invest.
A beginner can think about investments in this order:
1. Start with financial stability.
Before investing aggressively, have some emergency savings and deal with expensive debt. There is little benefit in chasing investment returns while having no cash for an emergency.
2. Understand your time horizon.
Money you may need soon should generally not be placed in investments whose value can fluctuate significantly. Long-term money gives you more options.
3. Choose based on risk.
A beginner shouldn’t choose an investment simply because someone says it gives high returns. Understand what can make you lose money and how much volatility you can tolerate.
4. Learn the different options.
Depending on your circumstances, these may include savings products, money market funds, Treasury bills, bonds, mutual funds, stocks and ETFs. They have different levels of risk, liquidity and potential returns.
5. Start small.
You don’t need to wait until you have millions of naira before learning how investing works. Starting with an amount you can afford to leave invested allows you to gain experience without putting your financial foundation under unnecessary pressure.
6. Don’t invest in what you don’t understand.
If you cannot explain where your return is coming from, what could make you lose money, and how you get your money back, take time to learn before investing.
Most importantly, don’t confuse the highest possible return with the best investment. The best investment for a beginner is one that matches their financial situation, goal and ability to handle risk.
Your first investment should therefore be in understanding how money, risk and investments work. Once you understand those, choosing specific investments becomes much easier.
I don't think the right question is simply, "Is buying land better than renting?" The better question is: What is the best use of my money at this stage of my life? Buying land can be a good long-term investment, especially when the location has strong development potential and the title and ownershRead more
I don’t think the right question is simply, “Is buying land better than renting?”
The better question is: What is the best use of my money at this stage of my life?
Buying land can be a good long-term investment, especially when the location has strong development potential and the title and ownership documents have been properly verified. But land is not automatically a good investment just because it is land.
Before buying, consider:
• Location: Is the area actually developing, or are you only hearing promises about future development?
• Documentation: Can the seller’s ownership and title be independently verified? Land documentation and registration can be complicated in Nigeria, so this should never be treated casually.
• Liquidity: If you need your money urgently, how easily can you sell the land at a fair price?
• Opportunity cost: If you put ₦5 million into land, what other productive use of that ₦5 million are you giving up?
• Your housing situation: If you still need somewhere to live, buying land may not solve your immediate housing problem because you may still need to rent while waiting to build.
• Your financial stability: Don’t use your emergency fund or money needed for your business and basic needs just to acquire land.
Renting isn’t necessarily “throwing money away” either. You’re paying for a service: the use of a home without taking on the full responsibility and capital requirement of ownership.
So, for me, land versus renting is not an either-or investment rule. It depends on your income, savings, housing needs, location, investment horizon, and what the money could accomplish elsewhere.
If you have surplus money, a good emergency cushion, stable income, and you’ve found properly verified land in a location with genuine growth potential, buying can make sense.
But if buying the land would leave you financially stranded, renting while building your financial foundation may actually be the wiser decision.
The goal isn’t simply to own land. The goal is to make your money work for your long-term financial stability.
Indexation can be useful for long-term investing because it helps account for the changing value of money over time. In simple terms, ₦1 million invested today will not necessarily have the same purchasing power several years from now because of inflation. Indexation adjusts a value using an approprRead more
Indexation can be useful for long-term investing because it helps account for the changing value of money over time.
In simple terms, ₦1 million invested today will not necessarily have the same purchasing power several years from now because of inflation. Indexation adjusts a value using an appropriate index so that the effect of changes in prices or purchasing power can be taken into consideration.
For a long-term mutual fund investor, the important point is that you should not look only at the amount your investment has grown in naira. You should also consider:
• How much the investment has grown after inflation.
• The fund’s actual investment performance.
• Fees and other costs.
• The tax treatment that applies to that particular investment.
• Your investment time horizon.
Mutual funds themselves can be suitable for different objectives. For example, the SEC describes equity funds as vehicles focused on capital growth and income that generally perform better over a long-term horizon, while money-market funds are more focused on liquidity, income and capital preservation.
So, indexation can help give a more realistic picture of long-term value, but it should not be treated as a guarantee of higher returns.
The key lesson is:
Don’t measure long-term investment success only by how many naira you have. Measure what that money can actually buy after considering inflation, costs and applicable taxes.
Yes—but there is an important distinction. You may not completely transform your financial life in 30 days, but you can absolutely change its direction in 30 days. Thirty days is enough time to begin making decisions that can have a long-term financial impact. For example, you can use those 30 daysRead more
Yes—but there is an important distinction.
You may not completely transform your financial life in 30 days, but you can absolutely change its direction in 30 days.
Thirty days is enough time to begin making decisions that can have a long-term financial impact.
For example, you can use those 30 days to:
• Track where your money is actually going.
• Create a realistic budget based on your income.
• Identify unnecessary spending and cut what you can.
• Start saving consistently, even if the amount is small.
• Pay down or make a plan for expensive debt.
• Build your first emergency fund.
• Learn the basics of investing before putting your money into investments.
• Look for a legitimate way to increase your income.
• Separate your business money from your personal spending if you run a business.
The biggest mistake is expecting 30 days to make you wealthy.
Instead, think of it this way:
30 days can create the habits, discipline and financial clarity that begin changing the next 30 years.
Financial transformation is usually not one dramatic decision. It is the result of many small decisions repeated consistently.
So don’t ask, “Can I become financially free in 30 days?”
Ask:
“What financial decision can I make today that my future self will thank me for?”
Having a CSCS account does not necessarily mean you can directly buy and sell NGX shares yourself. Think of the two roles this way: CSCS = where your securities are recorded and held. Stockbroker = the licensed intermediary that executes your buy and sell orders on the Nigerian Exchange. NGX statesRead more
Having a CSCS account does not necessarily mean you can directly buy and sell NGX shares yourself.
Think of the two roles this way:
CSCS = where your securities are recorded and held.
Stockbroker = the licensed intermediary that executes your buy and sell orders on the Nigerian Exchange.
NGX states that investors who want to trade securities on the exchange must appoint a licensed stockbroker/trading license holder to facilitate their trading account and transactions.
So if you have a CSCS account but cannot buy shares, check whether you also have an active trading account with a licensed stockbroker and whether your KYC details and account setup are complete.
For example, simply knowing your CSCS/CHN number does not give you a button on CSCS where you can enter “Buy 100 shares.” Your broker is normally the channel through which that trade is executed, while CSCS handles the clearing, settlement and custody records.
If you already have a broker and still cannot place an order, contact the broker and ask them to check your trading account status, KYC details, funding and whether there is any restriction on the account.
The important distinction is:
CSCS account ≠ stock trading account.
You generally need the appropriate relationship with a licensed stockbroker to actually execute trades on NGX.
If you mean Dangote Cement (DANGCEM), you should not expect a fixed monthly return from ₦100,000. Shares don't normally pay you a guaranteed amount every month. Your potential return can come from two main sources: 1. Capital appreciation — if the share price rises after you buy, your investment becRead more
If you mean Dangote Cement (DANGCEM), you should not expect a fixed monthly return from ₦100,000.
Shares don’t normally pay you a guaranteed amount every month. Your potential return can come from two main sources:
1. Capital appreciation — if the share price rises after you buy, your investment becomes more valuable. If the price falls, you can also lose money.
2. Dividends — if the company declares a dividend and you qualify as a shareholder on the relevant date.
For example, Dangote Cement declared a ₦45 dividend per share for its 2025 financial year. That’s an annual dividend, not a monthly payment.
At the current share price, ₦100,000 would buy roughly 96 shares before transaction costs. If a ₦45-per-share dividend were paid on that number of shares, the gross dividend would be about ₦4,320 for the year—not ₦4,320 every month.
So I would not look at a ₦100,000 stock investment as “How much will I make every month?”
A better question is:
“What total return could this investment generate over the period I intend to hold it, and what risks am I taking to achieve that return?”
That’s the mindset a long-term investor should develop.
How Can I Track a Pending Money Market Fund Redemption in Nigeria?
Money market fund liquidation is not always instant. The time it takes to receive your money depends on the specific fund’s redemption terms and the platform’s processing time. Since you submitted your withdrawal on 3 September and have still not received the money, I would first check the redemptioRead more
Money market fund liquidation is not always instant. The time it takes to receive your money depends on the specific fund’s redemption terms and the platform’s processing time.
Since you submitted your withdrawal on 3 September and have still not received the money, I would first check the redemption status on InvestNaija and confirm the fund’s stated redemption/settlement period.
Also check whether there was a weekend or public holiday during the processing period. If the stated processing period has already passed, contact InvestNaija’s support team with your transaction/reference details and ask them to confirm the exact status of the redemption.
The important thing is not to assume that all money market funds have the same liquidation period. Always check the specific fund’s redemption terms before investing.
See lessIs Investing ₦1 Million in Stocks Better Than Starting a Business in Nigeria?
I don't think investing ₦1 million in stocks is automatically better than starting a business, or vice versa. The better question is: what does that ₦1 million need to accomplish for you at this stage of your financial life? If you don't yet have stable income, useful skills, an emergency cushion orRead more
I don’t think investing ₦1 million in stocks is automatically better than starting a business, or vice versa.
The better question is: what does that ₦1 million need to accomplish for you at this stage of your financial life?
If you don’t yet have stable income, useful skills, an emergency cushion or a reliable way to generate cash flow, putting all your money into stocks may not solve your biggest problem.
Stocks can help you build wealth over the long term, but they generally don’t replace the need for income.
On the other hand, putting the entire ₦1 million into a business simply because a business can potentially generate more money is also risky. A business can fail, capital can be lost, and the projected ₦50,000 weekly profit is not guaranteed.
So I would look at it this way:
If your foundation is weak: focus first on increasing your earning ability, controlling expenses, building an emergency reserve and creating reliable cash flow.
If you have surplus capital and a long-term horizon: investing a portion in diversified assets can make sense.
If you have a business idea you understand, have tested the market and can realistically generate a return on capital: putting some money into that business may also make sense.
And it doesn’t necessarily have to be stocks OR business.
You can build your income-producing capacity while gradually investing part of your surplus.
The biggest mistake is comparing a guaranteed hypothetical business profit of ₦50,000 every week with an assumed stock-market return. Both numbers are projections, not guarantees.
For a beginner, I would therefore ask these five questions before deciding where the ₦1 million goes:
1. Do I have an emergency fund?
2. Do I have stable income or cash flow?
3. What is my investment/business time horizon?
4. How much loss can I realistically tolerate?
5. Which option do I actually understand?
Your first priority isn’t maximizing returns. It’s building a financial foundation strong enough to survive setbacks and continue growing.
Sometimes the best investment is the one that strengthens your ability to earn, invest and protect your money for many years.
See lessCan One Person Withdraw Money From a Joint Account in Nigeria?
It depends on the type of joint-account mandate. Having a joint account does not automatically mean that either person can withdraw money alone. The important question is how the account was set up with the bank. For example, a joint account may operate under instructions that require: • Either-to-sRead more
It depends on the type of joint-account mandate.
Having a joint account does not automatically mean that either person can withdraw money alone.
The important question is how the account was set up with the bank.
For example, a joint account may operate under instructions that require:
• Either-to-sign: one account holder may be able to carry out transactions without the other.
• Both-to-sign: both account holders may need to authorize the withdrawal or transaction.
There can also be specific restrictions depending on the bank, the account agreement and the type of transaction.
So if two people have a joint account and one person wants to withdraw money alone, the safest thing is to check the account mandate and confirm with the bank what signing authority applies to that particular account.
Don’t assume that being a joint account holder automatically gives you the right to withdraw alone.
And if there is already a disagreement between the account holders, it is better to speak directly with the bank before attempting to withdraw funds, because the bank will operate according to the mandate and applicable rules governing that account.
In short: the answer is not simply “yes” or “no.” It depends on the withdrawal/signing mandate attached to the joint account.
See lessHow does ETF works; are there ways to explore it
An ETF (Exchange-Traded Fund) is basically a basket of investments that you can buy and sell on a stock exchange, similar to how you buy an individual stock. Instead of buying 20 different securities yourself, one ETF may give you exposure to many of them through a single investment. How does an ETFRead more
An ETF (Exchange-Traded Fund) is basically a basket of investments that you can buy and sell on a stock exchange, similar to how you buy an individual stock.
Instead of buying 20 different securities yourself, one ETF may give you exposure to many of them through a single investment.
How does an ETF work?
The ETF provider creates a fund that holds a particular group of assets. The ETF then has units that investors can buy.
For example, an ETF could be designed to track:
• Nigerian or international stocks
• Government or corporate bonds
• A particular stock-market index
• Commodities such as gold
• A specific sector or industry
So, an ETF is not itself “a stock” or “a bond.” It is a vehicle that can hold different types of assets.
Why do people use ETFs?
One major benefit is diversification.
If you buy one company’s stock and that company performs badly, your investment can be heavily affected.
But if you buy an ETF containing many companies, the performance of your investment is spread across those holdings.
ETFs can also provide convenience because you can get exposure to a group of investments without purchasing each one individually.
How do you choose an ETF?
Don’t choose an ETF simply because its past return looks attractive.
Look at:
1. What does it actually hold?
Understand the underlying assets.
2. What index or strategy does it follow?
Know what you’re actually investing in.
3. Fees and expenses
Investment costs can reduce your long-term returns.
4. Liquidity
Check how actively the ETF is traded and whether you can reasonably buy or sell it when needed.
5. Your investment goal and time horizon
An ETF suitable for someone investing for 15 years may not be suitable for someone who needs the money next year.
6. Risk
An ETF does not automatically mean low risk. An ETF concentrated in stocks can still fall significantly when the underlying market falls.
What about bonds or OMO?
There can be ETFs that provide exposure to fixed-income securities, just as there are equity ETFs that provide exposure to stocks.
However, OMO is a specific type of Nigerian government securities instrument; it isn’t an ETF itself. You would need to check the actual holdings and structure of an ETF to know whether it provides exposure to particular fixed-income instruments.
Is an ETF advisable for a beginner?
It can be, but “advisable” depends on the person’s circumstances.
For a beginner, the most important thing isn’t finding the ETF with the biggest recent return. It’s understanding what the ETF owns, what risks it carries, what it costs, and why it fits your investment objective.
The biggest advantage of ETFs for many investors is therefore not that they guarantee higher returns, but that they can provide simple, diversified access to a particular group of investments.
As with any investment, returns aren’t guaranteed and the value can go down as well as up.
See lessWhat Are The Best Investment Plans For New Investor?
For a new investor, I don't think there is one investment plan that is automatically "the best." The best starting point depends on your goal, time horizon, risk tolerance, income and how much money you can afford to invest. A beginner can think about investments in this order: 1. Start with financiRead more
For a new investor, I don’t think there is one investment plan that is automatically “the best.”
The best starting point depends on your goal, time horizon, risk tolerance, income and how much money you can afford to invest.
A beginner can think about investments in this order:
1. Start with financial stability.
Before investing aggressively, have some emergency savings and deal with expensive debt. There is little benefit in chasing investment returns while having no cash for an emergency.
2. Understand your time horizon.
Money you may need soon should generally not be placed in investments whose value can fluctuate significantly. Long-term money gives you more options.
3. Choose based on risk.
A beginner shouldn’t choose an investment simply because someone says it gives high returns. Understand what can make you lose money and how much volatility you can tolerate.
4. Learn the different options.
Depending on your circumstances, these may include savings products, money market funds, Treasury bills, bonds, mutual funds, stocks and ETFs. They have different levels of risk, liquidity and potential returns.
5. Start small.
You don’t need to wait until you have millions of naira before learning how investing works. Starting with an amount you can afford to leave invested allows you to gain experience without putting your financial foundation under unnecessary pressure.
6. Don’t invest in what you don’t understand.
If you cannot explain where your return is coming from, what could make you lose money, and how you get your money back, take time to learn before investing.
Most importantly, don’t confuse the highest possible return with the best investment. The best investment for a beginner is one that matches their financial situation, goal and ability to handle risk.
Your first investment should therefore be in understanding how money, risk and investments work. Once you understand those, choosing specific investments becomes much easier.
See lessShould I Invest My Savings in Land or Continue Renting in Nigeria?
I don't think the right question is simply, "Is buying land better than renting?" The better question is: What is the best use of my money at this stage of my life? Buying land can be a good long-term investment, especially when the location has strong development potential and the title and ownershRead more
I don’t think the right question is simply, “Is buying land better than renting?”
The better question is: What is the best use of my money at this stage of my life?
Buying land can be a good long-term investment, especially when the location has strong development potential and the title and ownership documents have been properly verified. But land is not automatically a good investment just because it is land.
Before buying, consider:
• Location: Is the area actually developing, or are you only hearing promises about future development?
• Documentation: Can the seller’s ownership and title be independently verified? Land documentation and registration can be complicated in Nigeria, so this should never be treated casually.
• Liquidity: If you need your money urgently, how easily can you sell the land at a fair price?
• Opportunity cost: If you put ₦5 million into land, what other productive use of that ₦5 million are you giving up?
• Your housing situation: If you still need somewhere to live, buying land may not solve your immediate housing problem because you may still need to rent while waiting to build.
• Your financial stability: Don’t use your emergency fund or money needed for your business and basic needs just to acquire land.
Renting isn’t necessarily “throwing money away” either. You’re paying for a service: the use of a home without taking on the full responsibility and capital requirement of ownership.
So, for me, land versus renting is not an either-or investment rule. It depends on your income, savings, housing needs, location, investment horizon, and what the money could accomplish elsewhere.
If you have surplus money, a good emergency cushion, stable income, and you’ve found properly verified land in a location with genuine growth potential, buying can make sense.
But if buying the land would leave you financially stranded, renting while building your financial foundation may actually be the wiser decision.
The goal isn’t simply to own land. The goal is to make your money work for your long-term financial stability.
See lessHow Does Indexation Benefit Long-Term Mutual Fund Investments?
Indexation can be useful for long-term investing because it helps account for the changing value of money over time. In simple terms, ₦1 million invested today will not necessarily have the same purchasing power several years from now because of inflation. Indexation adjusts a value using an approprRead more
Indexation can be useful for long-term investing because it helps account for the changing value of money over time.
In simple terms, ₦1 million invested today will not necessarily have the same purchasing power several years from now because of inflation. Indexation adjusts a value using an appropriate index so that the effect of changes in prices or purchasing power can be taken into consideration.
For a long-term mutual fund investor, the important point is that you should not look only at the amount your investment has grown in naira. You should also consider:
• How much the investment has grown after inflation.
• The fund’s actual investment performance.
• Fees and other costs.
• The tax treatment that applies to that particular investment.
• Your investment time horizon.
Mutual funds themselves can be suitable for different objectives. For example, the SEC describes equity funds as vehicles focused on capital growth and income that generally perform better over a long-term horizon, while money-market funds are more focused on liquidity, income and capital preservation.
So, indexation can help give a more realistic picture of long-term value, but it should not be treated as a guarantee of higher returns.
The key lesson is:
Don’t measure long-term investment success only by how many naira you have. Measure what that money can actually buy after considering inflation, costs and applicable taxes.
See lessIs It Really Possible to Change Your Financial Life in Just 30 Days?
Yes—but there is an important distinction. You may not completely transform your financial life in 30 days, but you can absolutely change its direction in 30 days. Thirty days is enough time to begin making decisions that can have a long-term financial impact. For example, you can use those 30 daysRead more
Yes—but there is an important distinction.
You may not completely transform your financial life in 30 days, but you can absolutely change its direction in 30 days.
Thirty days is enough time to begin making decisions that can have a long-term financial impact.
For example, you can use those 30 days to:
• Track where your money is actually going.
• Create a realistic budget based on your income.
• Identify unnecessary spending and cut what you can.
• Start saving consistently, even if the amount is small.
• Pay down or make a plan for expensive debt.
• Build your first emergency fund.
• Learn the basics of investing before putting your money into investments.
• Look for a legitimate way to increase your income.
• Separate your business money from your personal spending if you run a business.
The biggest mistake is expecting 30 days to make you wealthy.
Instead, think of it this way:
30 days can create the habits, discipline and financial clarity that begin changing the next 30 years.
Financial transformation is usually not one dramatic decision. It is the result of many small decisions repeated consistently.
So don’t ask, “Can I become financially free in 30 days?”
Ask:
“What financial decision can I make today that my future self will thank me for?”
See lessWhy Can’t I Buy NGX Shares Even Though I Have a CSCS Account?
Having a CSCS account does not necessarily mean you can directly buy and sell NGX shares yourself. Think of the two roles this way: CSCS = where your securities are recorded and held. Stockbroker = the licensed intermediary that executes your buy and sell orders on the Nigerian Exchange. NGX statesRead more
Having a CSCS account does not necessarily mean you can directly buy and sell NGX shares yourself.
Think of the two roles this way:
CSCS = where your securities are recorded and held.
Stockbroker = the licensed intermediary that executes your buy and sell orders on the Nigerian Exchange.
NGX states that investors who want to trade securities on the exchange must appoint a licensed stockbroker/trading license holder to facilitate their trading account and transactions.
So if you have a CSCS account but cannot buy shares, check whether you also have an active trading account with a licensed stockbroker and whether your KYC details and account setup are complete.
For example, simply knowing your CSCS/CHN number does not give you a button on CSCS where you can enter “Buy 100 shares.” Your broker is normally the channel through which that trade is executed, while CSCS handles the clearing, settlement and custody records.
If you already have a broker and still cannot place an order, contact the broker and ask them to check your trading account status, KYC details, funding and whether there is any restriction on the account.
The important distinction is:
CSCS account ≠ stock trading account.
You generally need the appropriate relationship with a licensed stockbroker to actually execute trades on NGX.
See lessIf I invest #100,000 in dagote group, what will my monthly return look like?
If you mean Dangote Cement (DANGCEM), you should not expect a fixed monthly return from ₦100,000. Shares don't normally pay you a guaranteed amount every month. Your potential return can come from two main sources: 1. Capital appreciation — if the share price rises after you buy, your investment becRead more
If you mean Dangote Cement (DANGCEM), you should not expect a fixed monthly return from ₦100,000.
Shares don’t normally pay you a guaranteed amount every month. Your potential return can come from two main sources:
1. Capital appreciation — if the share price rises after you buy, your investment becomes more valuable. If the price falls, you can also lose money.
2. Dividends — if the company declares a dividend and you qualify as a shareholder on the relevant date.
For example, Dangote Cement declared a ₦45 dividend per share for its 2025 financial year. That’s an annual dividend, not a monthly payment.
At the current share price, ₦100,000 would buy roughly 96 shares before transaction costs. If a ₦45-per-share dividend were paid on that number of shares, the gross dividend would be about ₦4,320 for the year—not ₦4,320 every month.
So I would not look at a ₦100,000 stock investment as “How much will I make every month?”
A better question is:
“What total return could this investment generate over the period I intend to hold it, and what risks am I taking to achieve that return?”
That’s the mindset a long-term investor should develop.
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