Here are the questions and answers from our radio show, Everyday Money Matters from 7.30am to 8.00am on Lagos Talks, 91.3FM.
Is cryptocurrency a good investment?
It’s not recognized by the government. If you are interested, you can learn more about it on Nairametrics.
How to combine legal practice and filmmaking?
If filmmaking, pays up to 60% of your income, it can become your full hustle. A caller says a lawyer in active practice would have to seek permission from the legal counsel to take a side hustle. He can, however, own shares in other companies.
What are FGN Bonds?
FGN saving bonds usually come up every month and the Debt Management Office sells it. You can actually buy it from the stockbroker. For a 2-year bond, you get 10.7% interest rate and it is paid quarterly. For the 3-year bond, you get about 11% interest rate.
How to invest in farming
There are apps that one can invest in without physical ownership. An example is Farmcrowdy.
How to access loans from the National Housing Fund after making contributions for 10 years?
One can apply, but, you have to confirm if the deductions have gone to the fund. You need to get evidence of remittance. Once you get the confirmation, you can apply to the National Housing Fund.