Let’s go back in time to early 2016, at the peak of the MMM frenzy in Nigeria. The peer-to-peer scheme promised quick, easy money—30% returns on any amount you “invested.”…
If you’ve ever looked at your bank account and wondered, “How did I spend that much?”, you’re not alone. You see, money has this sneaky way of slipping through our…
Last week, we discussed at length about Black Tax and its significance on the socio-economic structure of the African family system. In the article, we established that Black Tax is…
In many African and diaspora communities around the world, there exists a phenomenon known as “Black tax.” Initially coined in South Africa, the concept refers to the financial support that…
Just yesterday, it was announced that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has once again raised the Monetary Policy Rate (MPR) by 50 basis points, bringing…
We bet you clicked this article with the same question in mind… Why?? Why is everything so expensive? Why does it feel like you’re getting less for more? Why does the same amount of money that once stretched across your needs now seem inadequate? Well, ladies and gentlemen, we have a serious inflation problem.
Meet David, a 33-year-old creative director at a top advertising firm in Ikoyi, Lagos. He has always been the envy of his colleagues, with his sleek suits, trendy gadgets, and…
Owning a home is a significant milestone in many Nigerians’ lives, often seen as a symbol of success and stability. However, the journey to homeownership in Nigeria can be complex and challenging. If you’re contemplating buying your own house, here are five crucial factors to consider in the Nigerian context.
Family planning is a significant financial commitment that starts before the baby arrives. It includes a range of expenses such as medical consultations, prenatal vitamins, and maternity-related costs. Understanding these expenses is crucial for effective budgeting.
Imagine waking up to find that your daily commute now costs triple what it did yesterday. This isn’t a nightmare scenario for millions of Nigerians—it’s the stark reality following the not-too-recent fuel subsidy removal.
The dilemma of choosing between a job offering a higher salary and one with better growth prospects is a common yet crucial decision point in many professionals’ careers.
Nigeria’s financial environment is significantly shaped by the Nigerian Stock Exchange (NSE), which was relaunched as the Nigerian Exchange Group (NGX) lately. Businesses, investors, and anybody else interested in Nigeria’s…
As parents, one of the most significant responsibilities we bear is ensuring a bright future for our children. In Nigeria, where education is highly valued but often comes with substantial…
Amina sat at her desk, gazing at the fluctuating stock market reports- scared and confused. Following recent market turbulence, she realized the importance of finding a more stable investment to…
Navigating Nigeria’s financial landscape can be challenging, but understanding how to access and effectively utilize financial grants and subsidies can provide a significant boost. These aids, offered by government bodies,…
While it’s important to manage your expenses, it can also be an uphill task. This is why you need to have a plan to avoid accumulating debt. Below, you’ll find…