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Fokona

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FINANCIAL LITERACY

This section helps you understand financial literacy in Nigeria in a simple and practical way. Learn how money works, how to save, budget, and build wealth step by step. You can ask questions and get clear answers that help you make better financial decisions in your everyday life.

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Onyx_WiseFidafa
Onyx_WiseFidafaContributor
Asked: March 26, 2026In: FINANCIAL LITERACY

How Do You Decide Whether to Spend or Invest Money: What Rules and Strategies Should You Follow?

For example: Do you follow a rule? Do you prioritize needs first? Do you invest first before spending? Let’s learn from different approaches …..

financial habitMoney Managementpersonal income
4
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Chris Kpega
Chris Kpega
Asked: March 21, 2026In: FINANCIAL LITERACY

How Can a Group of 20 People Invest Monthly and Share Profits After 5 Years?

What investment strategy can you recommend for a group of 20 like minds who wish to pool resources together monthly and invest continuously for 5 years after which they will share the profit  

investment
3
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  • 3 3 Answers
Fokona Community
Fokona CommunityCommunity Desk
Asked: March 30, 2026In: FINANCIAL LITERACY

If I Invest ₦10 Million in FGN Bonds, Can I Use It to Get a Loan from the Bank Quickly?

One of our community members asked this question on to Iking Ferry: “If I invest ₦10 million in FGN Bonds and opportunity comes, can I walk into the bank with it as collateral and get a loan within ...Read more

fgn savings bondloan
3
  • 9
  • 3 3 Answers
Anonymous
Anonymous
Asked: April 23, 2026In: FINANCIAL LITERACY

What are the best online side hustles for university students in Nigeria to earn income and support basic needs?

What online side gig or hustle would you advise a university student studying cyber security 100L to venture into just make income to add up to substance him/her self with basics needs.

online side hustlestudent
3
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  • 3 3 Answers
Victory Johnson
Victory Johnson
Asked: March 20, 2026In: FINANCIAL LITERACY

What is Diversification? and how best can i diversify?

What is diversification,how best can i to diversify and what percentage works best for new investors? Secondly, is it wise to buy few quantity for each stocks, say 10 per stock e.g (DANDCEM[10] ,MTN[10] ,GTCO[10]) or should I gather up the ...Read more

diversificationinvestment diversification
3
  • 1
  • 3 3 Answers
Fokona Community
Fokona CommunityCommunity Desk
Asked: April 23, 2026In: FINANCIAL LITERACY

What Is Premium Board on NGX and Why Is Dangote Refinery IPO a Big Opportunity in Nigeria?

One of our Community members ask this question to Mr. Iking Ferry “I have been hearing a lot about the upcoming Dangote Refinery IPO in Nigeria, and many people are saying it might be listed on the Premium ...Read more

dangote refinery ipoinvest in nigeriapremium board ngx
3
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  • 3 3 Answers
Nwoko Moses Chidiebere
Nwoko Moses Chidiebere
Asked: April 6, 2026In: FINANCIAL LITERACY

How Can I Recover My Late Father’s Unclaimed Dividends in Nigeria?

Back in the days, say 16, 18 or more years ago my father was already receiving dividend letters from companies he bought shares with. The one I remember clearly is Oando PLC. It was little and I didn’t know what ...Read more

dividend
3
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RACH FINANCE
RACH FINANCE
Asked: March 23, 2026In: FINANCIAL LITERACY

How Can I Explain Investment in Simple Terms to Teenagers?

I found myself in the midst of teenagers often, and I would love to expose them to the values of investment and how it could help them in life. Could you (anyone) break down the term investment to me in ...Read more

investmentquestion
3
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  • 3 3 Answers
Mfon Ekpe Edet
Mfon Ekpe Edet
Asked: March 25, 2026In: FINANCIAL LITERACY

Is It Advisable for a Salary Earner in Nigeria to Borrow Money to Invest in Stocks, Bonds, or Mutual Funds?

As a salary earner, is it adviseable to borrow money and invest in stock, Bond, or Money Mutual?

bondFinancial Literacystocks
3
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  • 3 3 Answers
John Kabi Quaicoe
John Kabi Quaicoe
Asked: March 25, 2026In: FINANCIAL LITERACY

What Is the Best Way to Invest in Ghana for Beginners?

What is the best way to invest in Ghana

ghanaghana investment
3
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