Nigeria’s Foreign Reserves Just Hit a 13-Year High: Here’s Why Your Wallet Cares
Nigeria’s foreign reserves have climbed to $48.5 billion, their highest level since 2013. On the surface, that sounds like policy news for economists and analysts. But if you earn in naira, save money regularly, or invest in Nigerian assets, this milestone affects you more than it might seem. Let’s break down exactly what foreign reserves […]
How to Buy IPO Shares in Nigeria (and When You Shouldn’t)
Learning how to buy IPO shares in Nigeria sounds simple until you actually try it. A company announces an offer. People start talking. The price looks interesting. Then you hit the steps: the prospectus, the application channels, a CSCS account, the offer window, allotment, and the listing date. This guide walks through how to buy […]
What percentage of income should go to rent in Nigeria?
The global benchmark says you should spend no more than 30% of your gross income on housing. In Lagos, almost nobody hits it. On a salary of ₦1 million a month, a level many Nigerians would consider comfortable, a decent 2-bedroom flat in Lagos eats 29% of your income. That sounds fine, until you realise […]
Nobody Prices a Benz in Days: A Compound Interest Lesson
I saw a video last week, and I have not recovered. It is a skit. You have probably seen it: one man, full confidence, no hesitation, arguing that time is not money. His evidence? Nobody has ever gone to price a Benz and been told it costs six days. Nobody has ever priced a Toyota […]