Driving down any highway or major road in Lagos you will come across adverts for various investments ranging from property to pig farming and cryptocurrency. Whilst its wonderful to have so many investment options available it can also be daunting, after all you want to get it right and figure out what will or will… Continue reading How to assess an Investment
Category: Investing
Domiciliary accounts in Nigeria
Saving and investing in foreign currency (FX) is one of my top strategies to preserve the value of my money. If diversifying into foreign currency is good enough for Africa’s richest man then I am happy to emulate the approach that he is taking to preserve his wealth. Domiciliary accounts are relatively common in Nigeria… Continue reading Domiciliary accounts in Nigeria
Hello 2022! Top 5 financial goals
Happy New Year 2022! I no longer write a list of new year’s resolutions or decide to make changes in my life solely based on the fact that a new year is starting. I find my goals are ongoing for the most part and whilst I do have a clear idea of when I want… Continue reading Hello 2022! Top 5 financial goals
CBN vs. The Fintechs
On the 17th August 2021, CBN took action against 4 extremely popular Fintech companies by freezing the accounts they hold with a number of commercial and microfinance banks. CBN seems to be continuing in its ‘war’ against Fintechs and laying the blame for the terrible state of the Naira on them. This post considers whether… Continue reading CBN vs. The Fintechs
Which coin should you buy?
The range of crypto currencies available today is massive and, according to Investopedia, there are over 4,000 of them as at January 2021. Coins are the investment opportunity of the moment with critics and proponents in equal measure. Accessibility to buying and selling coins using a Nigerian bank account has been curtailed and labelled illegal,… Continue reading Which coin should you buy?
Should you Q?
If you haven’t heard of Initiative Q or received an invite to join millions of others that have already signed up to it, I am pretty certain that in the next few days or weeks you too will be invited to become part of the intriguingly named, Initiative Q. This post is an introduction to… Continue reading Should you Q?
Claim your dividends now!
Introduction The value of unclaimed dividends in Nigeria is extremely high and was estimated at c.₦150bn, in the middle of 2020, and rising. This represents trapped wealth which, instead of being reinvested to earn compound returns and ultimately increase net worth, is currently being held in the bank accounts of the companies that issued the… Continue reading Claim your dividends now!