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Home/Questions

Fokona Latest Questions

Pinned
Fokona Community
Fokona CommunityCommunity Desk
Asked: April 13, 2026In: INVESTING & WEALTH BUILDING

Why Do Bank Money Market Mutual Funds Pay Lower Interest (14%–15%) Than Investment Apps Offering 18%–20% in Nigeria?

One of our Community Members Ask this Question to Mr. Iking Ferry Good day sir, I have been trying to understand something about money market mutual funds in Nigeria, and I’m a bit confused. I noticed that: Some banks ...Read more

mmf investmentmoney market mutual fund
1
  • 7
  • 1 1 Answer
Pinned
Fokona Community
Fokona CommunityCommunity Desk
Asked: April 8, 2026In: INVESTING & WEALTH BUILDING

Why Am I Not Receiving Interest on My FGN Bond Investment in Nigeria?

One of our Community members Ask: Good evening Iking Ferry I need help and clarification about my investment in FGN Bond. Based on your previous advice, I downloaded the InvestNaija app, completed my registration, and invested ₦10,000 in ...Read more

fgn bond interestfgn savings bond
2
  • 9
  • 2 2 Answers
Pinned
Fokona Community
Fokona CommunityCommunity Desk
Asked: March 31, 2026In: TAXATION & COMPLIANCE

Tax Deadline in Anambra State – How Can I File My Personal Income Tax Easily Without Mistakes?

One of our community members reached out with this concern: “I live in Anambra State, and I’ve been hearing people talk about tax filing, ASIN number, and annual returns… but honestly, I don’t understand anything. I don’t want to make ...Read more

anambra tax filingasin number anambrahow to file tax in anambranigeria tax guide 2025personal income tax nigeria
5
  • 17
  • 5 5 Answers
Pinned
Fokona Community
Fokona CommunityCommunity Desk
Asked: March 30, 2026In: TAXATION & COMPLIANCE

Tax Deadline Is March 31 – How Can I File My Personal Income Tax in Lagos Nigeria Easily?

One of our community members on Fokona asked this question to our Founder Iking Ferry: “The tax deadline is tomorrow and I don’t understand anything about tax filing… how do I file my personal income tax in Lagos?”

2026 tax in nigeriapersonal income taxpittax filing
14
  • 17
  • 14 14 Answers
Pinned
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
Pinned
Fokona Community
Fokona CommunityCommunity Desk
Asked: March 30, 2026In: INSURANCE & RISK MANAGEMENT

Is Insurance Really a Scam in Nigeria or Why Do Many People Struggle to Get Their Claims Paid?

A member of our community asked: “I have been seeing a lot of people saying insurance companies in Nigeria are scams and that they don’t pay claims when something happens. Some people even said it is better to just save ...Read more

insurance in nigeriarisk management
4
  • 10
  • 4 4 Answers
Pinned
Philip wealth
Philip wealth
Asked: March 27, 2026In: BUSINESS & WEALTH CREATION

What Does the “Is This Question a Poll?” Feature Mean on Fokona and How Does It Work?

I still don’t understand what’s this feature on fokona mean. ” Is this question is a poll? If you want to be doing a poll click here.”

fokona
7
  • 3
  • 7 7 Answers
Pinned
Afogu chinedu
Afogu chinedu
Asked: March 24, 2026In: BUSINESS & WEALTH CREATION

How Is Investment Value Calculated in an Unlisted Business, and How Are Ownership and Profit Shares Determined?

Please sir, Iking Ferry on Facebook you made mention of someone willing to invest in Fokona Moderator business; My question is, let’s take it that you accepted, how would you calculate the business and ...Read more

iking ferry
3
  • 4
  • 3 3 Answers
Pinned
Fokona
Poll
FokonaOfficial Account
Asked: March 23, 2026In: FINANCIAL LITERACY

If you had money to invest today, where would you put it?

Poll Results

Please login to vote and see the results.

Participate in Poll, Choose Your Answer.

fokonapoll
10
  • 51
  • 10 10 Answers
Pinned
UdokaChiemezieNnajiofor
UdokaChiemezieNnajiofor
Asked: March 23, 2026In: INVESTING & WEALTH BUILDING

How Can I Invest Over ₦50 Million in Federal Government Bonds in Nigeria?

If I want to invest more than fifty million naira in a Federal Government Bond Offering, how do I go about it?

federal government bond
17
  • 25
  • 17 17 Answers
Pinned
NUM
NUM
Asked: March 22, 2026In: INVESTING & WEALTH BUILDING

What Is the Difference Between Bonds and Treasury Bills in Nigeria?

What is(are) the key difference(s) between Bonds and Treasury Bills?

BondsTreasury Bills
20
  • 19
  • 20 20 Answers
Pinned
ApostleNwawumeNzubeMiracle
ApostleNwawumeNzubeMiracle
Asked: March 22, 2026In: CAREER & INCOME GROWTH

How Long Does It Take for a Profile Picture to Appear on Fokona After Uploading?

fokona
8
  • 6
  • 8 8 Answers
Pinned
Uche
Uche
Asked: March 21, 2026In: INVESTING & WEALTH BUILDING

How to Recover Shares and Unclaimed Dividends of a Deceased Parent?

My father died 2 years ago, but I know he bought some shares years before he died.. how do we recover his shares and dividend

Stock Marketunclaimed dividends
19
  • 10
  • 19 19 Answers
Pinned
Okoye victor
Okoye victor
Asked: March 21, 2026In: FINANCIAL LITERACY

Stock Market Investing vs. Starting a Business: Which is better for building wealth with 1 Million Naira?

So this morning I was going through a post on Facebook which was made by someone I respected on that space. He said it may seem intellectually intelligent to invest in stock shares  but it’s basically ignoring you yourself and ...Read more

Businessfokonaiking feeryStock Market
54
  • 34
  • 54 54 Answers
Pinned
Uche
Uche
Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

What is a money market mutual fund? and how does compounding works?

Please throw more light on money market mutual funds and how compounding works on it.

mmfmmmfmoney market mutual fund
34
  • 10
  • 34 34 Answers
Pinned
Gasper
Gasper
Asked: March 18, 2026In: PERSONAL FINANCE

Investment on Sukuk is it a risky investment?

Is it a federal government thing or private business owner?  and Around what time of the month are we going to be expecting it??

sukuksukuk bondssukuk investment
9
  • 12
  • 9 9 Answers
Pinned
Akinboboye oludayo Joseph
Akinboboye oludayo Joseph
Asked: March 18, 2026In: TAXATION & COMPLIANCE

How to get my business name tax filing done

Please someone should help me out practically on how to get my business name tax filing done

tax
10
  • 2
  • 10 10 Answers
Pinned
Big- Daddy
Big- Daddy
Asked: March 18, 2026In: FINANCIAL LITERACY

What are the step by step measures to manage money?

What are the step by step measures to manage money

manage money
16
  • 5
  • 16 16 Answers
Pinned
Anselm Omeihe
Anselm Omeihe
Asked: March 18, 2026In: INVESTING & WEALTH BUILDING

When does one need to fill e-mandate form?

Is it immediately you buy shares or when your information are not clear with your stock broker?

dividendsstock
9
  • 7
  • 9 9 Answers
Pinned
Mama Ngozi
Mama Ngozi
Asked: March 18, 2026In: INVESTING & WEALTH BUILDING

What is the difference between ETF and Equity Fund?

I’ve been trying to understand different investment options, and I keep seeing ETF and Equity Fund, but I’m a bit confused. Are they the same thing or is there a difference between them? Also, which one is better for someone just starting ...Read more

equity fundetf
6
  • 7
  • 6 6 Answers
Judith
Judith
Asked: April 16, 2026In: FINANCIAL LITERACY

Can I Fill and Submit an E-Dividend Form Online in Nigeria Without Printing It?

I want to fill an E-Dividend form but it is requesting I download it, print it out , fill and send back. Can I fill an E-Dividend form electronically without downloading the form,

e-dividend
1
  • 0
  • 1 1 Answer
Mac Donniel Asinobi
Mac Donniel Asinobi
Asked: April 16, 2026In: TAXATION & COMPLIANCE

How Do I File Personal Income Tax Online in Rivers State, Nigeria?

I tried using https://rsipa.riversstateapps.ng/rivtamis/ to pay my tax, I live in Rivers State, but unlike what Iking has been teaching I did not see fields or criteria to enter my transactions for the year to determine if I’m eligible, I ...Read more

personal income tax
1
  • 0
  • 1 1 Answer
Ajayi Elijah Oyewumi
Ajayi Elijah Oyewumi
Asked: April 16, 2026In: INVESTING & WEALTH BUILDING

Should I Move My Fixed Savings to Stocks in Nigeria?

Hello, good day sir. I’m one of your followers on Facebook and fokona. Though I started following you around February and ever since I started following you my thinking about money totally changed for good. Please sir, there is something ...Read more

stock
2
  • 0
  • 2 2 Answers
Yemmy
Yemmy
Asked: April 16, 2026In: FINANCIAL LITERACY

What Are the 9 Stanbic IBTC Mutual Funds in Nigeria?

Please kindly explain the 9 mutual fund under stanbic investment

Mutual Funds
1
  • 0
  • 1 1 Answer
Abdulbasit
AbdulbasitBeginner
Asked: April 16, 2026In: BUSINESS & WEALTH CREATION

How Can I Start a Cooking Gas Business in Nigeria and Scale to a Wholesale Gas Plant? Structure, Costs, and Strategy Explained

Good morning. This question is directed to Iking Ferry He wants to start a gas business, along with a POS and phone-charging business, in a school environment. He intends to run it as a properly structured business, ...Read more

Business
1
  • 0
  • 1 1 Answer
Iphy
Iphy
Asked: April 16, 2026In: INVESTING & WEALTH BUILDING

How Can I Invest in Stocks Using My Company Name in Nigeria?

How Can The Owner Of A Company Use His “Company Name” Instead Of “His Name” To Start Investing In Stocks Using The “InvesyNaija App” By Chapel Hill Denham? What Are The Step By Step Method He Can Do That Using ...Read more

investmentStock Marketstocks
1
  • 0
  • 1 1 Answer
Mosco
Mosco
Asked: April 15, 2026In: FINANCIAL LITERACY

What is Initial Public Offering(IPO)?

Someone should pls explain what IPO means?? What is the connection between IPO and shares?

question
1
  • 0
  • 1 1 Answer
Emeka
Emeka
Asked: April 15, 2026In: FINANCIAL LITERACY

What Does “Additional Contribution in Multiples of ₦1,000” Mean in Money Market Funds in Nigeria?

What is the meaning of additional contribution in multiple of #1000 in money market mutual funds

money market mutual fund
1
  • 0
  • 1 1 Answer
Chidimma Edeh
Chidimma Edeh
Asked: April 15, 2026In: INVESTING & WEALTH BUILDING

Why Does InvestNaija Show Insufficient Funds When Buying Stocks in Nigeria?

I have #5300 in my INVESTNAIJA wallet but whenever I want to buy a stock it will say insufficient funds.

investnaija
2
  • 0
  • 2 2 Answers
Anonymous
Anonymous
Asked: April 15, 2026In: BANKING & FINANCIAL SERVICES

Why Did My Bank Send a Loan Demand Notice in Nigeria? What to Do If You Can’t Repay on Time

Good afternoon sir, I saw your post about loan on your Facebook page and i still have further questions. I am into sales of agricultural machines and implements and sometimes last year I borrowed N10m From UBA. I was ...Read more

loan
1
  • 0
  • 1 1 Answer
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    Stock Market Investing vs. Starting a Business: Which is better ...

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    What is a money market mutual fund? and how does ...

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    Lucky igbinedion added an answer Knowledge April 16, 2026 at 4:48 pm
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    Ochoyoda added an answer Yes — you can fill an E-Dividend form electronically, but… April 16, 2026 at 4:33 pm
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