Business Ideas, Investing

5 Top Sectors to Invest In Nigeria In 2019

This post identifies top five sectors to invest in Nigeria.  It is intended to guide people who are looking at doing business in Africa’s second largest economy and one of the top attractive economies to do business in Africa . Nifgeria is good place to do business in spite of her challenges. Some of the critical drivers are high returns on investment  (ROI), relatively low labour cost, huge market, large consumer spending arising from her large population which is estimated at over 200 million people and a large endowment of natural resources to provide input to industries.  This is in…

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Investing

Investment Opportunities in the Nigerian Money Market

The financial market provides the platform for mobilizing funding for all economic entities – government, businesses, and households. There are two main segments of the financial market, namely the money market and the capital market.  While the money market is structured to mobilize and distribute short-term funds to economic units, the capital market mobilizes funds for long-term needs. This blog post focuses on the money market.  If you are looking for where to earn a steady income on your money and do so on a continuous basis over time, then read on to learn of the various options in the…

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Investing

Savings and Investment Platforms In Nigeria You Can Use to Make Money

Financial technology (Fintech) is increasingly improving financial inclusion such that today more and more people are able to access banking and other financial services more easily.  Thanks to  the many savings and investment platforms in Nigeria that help people save effectively, invest and access loans just by a click on their computer and mobile devices. This post attempt to identify some of these savings and investment platforms in Nigeria  or mobile apps and show how they are helping average Nigerians to enhance their personal finances. Online Savings and Investment Platforms In Nigeria #1    Cowrywise      – This platform affords you…

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Investing

FGN Savings Bond: Another Alternative Way to Save

If you are considering an alternative way of saving to earn higher returns than what you will normally get from your regular savings account with your bank, then the FGN Savings Bond may just be what you need.  In case, you do not know, a bond is a financial instrument with which an entity borrows money from the public.  It is more or less a promissory note or an IOU in which the entity admits that it owes the lender a certain amount and undertakes to pay the entire debt at a particular future date. The borrowing entity is known…

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Investing

How to Invest in Corporate Bonds in Nigeria

One profitable way to make money in Nigeria is by investing in corporate bonds. The Nigerian corporate bonds market is generating quite a lot interest in recent time; unfortunately, most retail investors do not think about corporate bonds when they are considering their investment options. This apathy is not peculiar to Nigerian retail investors.  Corporate bond is a specialized investment instrument which requires a level of knowledge that may not be easily available to the average man on the street.  Hence, companies that issue bonds usually target institutional investors like pension funds, asset managers and insurance companies. These institutional investors…

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Investing

6 Reasons You Should Start to Invest In Gold

Why should you invest in gold?  This blog post will tell why. Many people are yet to forget the impact of the global financial crisis of  over a decade ago  (2007) and particularly the prolonged stock market meltdown that followed. Investors lost significant fortunes that many vowed not to invest in stocks ever again. Some developments in the global economy are generating the fear that there might yet again be another round of economic crisis and people are beginning to look for more stable, crisis-proof investment options. The asset class that offers this kind of protection is Gold. Some may…

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Investing

What You Need to Know About Cryptocurrency – A Beginner’s Guide

Bitcoin, litecoin, onecoin and all that coins you keep hearing that are future of money, what are they?   They are members of a big family called cryptocurrency.  Let’s talk about this new fad, cryptos as they are often called for short and lets see how you can make money from it. If you trace the evolution of money as means of exchange, you will begin to have an idea why cryptocurreny is said to be the future of money. Then, lets first consider:

Investing

How to Choose a Stock Broker And Have A Wonderful Investing Experience

The stockbroker is one important investment professional that you must have to deal with if you are desirous of investing in the capital market.  Stockbrokers are experts trained in securities trading and thereafter certified by the Stock Exchange as dealing clerks.  This certification qualifies them to trade on the various floors of the Exchanges. Usually stockbrokers are employed by stockbroking firms that are trading members of the stock exchanges and are authorised to buy and sell securities on behalf the investing public.

Investing

Why You Should Start Investing In Stocks Now

A reader of this blog once asked to know what alternative instrument he should be investing in, giving that yields are falling in the fixed income market. My answer was that he should consider investing in stocks if he wasn’t already doing so. In the same vein, for those of you who are not investing in stocks, I am giving you the same piece of advice.

Investing

How You Can Make Money by Investing In Mutual Funds

If there is one simple, easy and less complicated way of investing in the financial markets, it is through Mutual funds. It gives an opportunity to just everybody to take advantage of the benefits derived from investing in the capital market, money market and the fixed income market through one instrument, even if you don’t have the sophistication and money to invest in these markets. This is why mutual funds are very popular in developed markets of the world such as the United States of America where studies show that 96 million people or 44% of household have mutual funds…

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