The Foreign currency (FX) regime in Nigeria is a little complex – there are 3 different markets for FX all at different price points with varying means of access and availability. In this environment you need to be clear on how to get FX when you need it and thankfully despite the complexity, there are… Continue reading Form A for PTA
Tag: Personal Finance
How to assess an Investment
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
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?
CBN’s directives on FX in 2021
The last year has seen the Naira dive by over 30% from a valuation of ₦362 to $1 in January 2020 to $470 at the end of 2020. As we near the end of March 2021 the situation at the black market has not improved at all with black market Buy/Sell rates being quoted at… Continue reading CBN’s directives on FX in 2021
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!
What’s your financial plan for 2021?
I started 2020 with a list of 5 financial goals that i hoped to implement and achieve by year end. December is the time during which I make a deliberate and intentional effort to reflect on and review the previous 12 months finances and put in place a plan that i will (hopefully) execute in… Continue reading What’s your financial plan for 2021?