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Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

There are so many reasons for parents to employ their kids. It could be the inability of their kid to snag a job in the labour market or as a ploy to cut costs in their establishments. Whatever the reason, is it really a smart business move for parents...
Did you know that the most work related expense goes to transportation to and fro work? Most people don’t. Commuting to and fro work can slowly mount up to a very alarming expense on your budget. The worst part is that a lot of people don’t have a budget...
Can you afford parenthood at this stage in your life? People are so thrilled about the prospect of child-bearing they almost always forget what it means for their budget or financial capabilities. A baby is a person of whom you’ll be physically and financially responsible for until they are at...
The most valuable asset to your average business man is time. Both success and failure in business can be directly linked back to time management. Your approach to time management determines to a large extent your level of productivity and efficiency. People treat time like it doesn’t matter and...
Would you leave your job at an established company where you’re well paid to go work for a startup that just barely got launched? Sounds crazy right? Your current job seems like a more prospective choice especially for your career goals. A startup just got started with no certain...
A Medium Term Note (MTN) is a debt note that usually matures between 5-10 years. A corporate MTN can be continuously offered by a company to investors through a dealer with the investors being able to choose from differing maturities. The coupon rate on an MTN will be higher...
One of the most important policy thrust of the Buhari administration has been to improve Nigeria's Ease of Doing Business status around the world. Nigeria, thought to be the largest economy in Africa, is notoriously known for bottlenecks with ease of doing business and ranks as one of the...
Movement in share prices is caused by a lot of factors. Some of these factors are external and beyond the control of a company. They include; inflation rate, interest rates, GDP, world events amongst others. There are certain infractions made by companies which would see the regulators step in to...
If you’re few steps to tying the knot this info is timely for you. If on the other hand your marriage is a done ‘signed and sealed’ deal, you might still be in time to save your home. love is ideal for a home but for a long-lasting relationship...
Question: How much does Health Insurance cost in Nigeria? Answer: According to this report, registration of dependants (Children and Parents) typically cost around N9,000 per head. For private health care service, individual plans start from N35,000 to N220,000 and family plans range from N125,000 to N650,000. Vital Contributors Social Health Insurance...
Question: How much does government spend on National Art Theatre in the last one year Nigeria? Answer: According to this report, the government's overhead expenses on the National Art Theatre within the last one year (although not regular) is N18 million monthly.
Bitcoins have been generating a buzz over the past few years; smashing records and reaching all time price highs. However, opinion worldwide as to the cryptocurrency’s  level of acceptability is still divided. Bitcoin was created to provide an alternative to the Banking system. This is because it is an open...
Question: How many insurance companies are currently making move to raise capital from Nigerian Stock Exchange (NSE)? Answer: According to reports, there are 6 insurance companies currently making move to raise capital from NSE. Here is a breakdown WAPIC Insurance PLC plans to raise N10 billion ...
Creativity is great for any business but sometimes we get stuck in our heads and need a little push or even a hard shove to get going. Borrowing ideas in this regard is in no way encouraging you to steal other people’s ideas but giving you a little push...
As the year rolls to a close, you need to put your house in order and start preparations for the next working year. It’s time to take inventory of your progress so far and figure out what was done right and which area needs improvement. If you’re wondering where...
In this era where everyone is starting up a business, it is inevitable that many will fail. Not to foresee doom or anything of the sorts but obviously with a tough market like ours, only the tough will survive. Not everyone possesses what it takes to be a winning...
Business deals with family and friends usually don’t go as planned. This is why people tend to shy away from any business that relates to a family member or a friend. If a family member or a friend is asking for a loan and you feel like you’re about to...
Question: How many companies has been delisted from NSE from 2016 till date? Answer: 15 companies were delisted in 2016 while 5 companies have been delisted in 2017. Here is a breakdown 2016; IPWA PLC ​ CAPPA PLC ​ ​​WEST AFRICAN GLASS INDUSTRIES...
Question: How much does it cost to buy ICAN form? Answer: According to the information on The Institute of Chartered Accountants of Nigeria Website, the cost of ICAN registration form is N7000 (bank charges not included). PROFESSIONAL EXAMINATION EXEMPTION FEES FOUNDATION LEVEL                          One paper in foundation level                 ...
You’ve been saving money for quite a while now yet each time you check your account balance nothing seems to be happening. Growth seems so far out of reach it seems like you’ll be stuck in your present financial situation. Why could that be? You’re dipping into your savings All those...
Managing online staff has to be one of the most difficult things to do. It’s hard enough trying work with people you can physically direct, people who you can’t see is a whole new ball game. Starting an online gig and recruiting an online staff can be exciting at...
Retirement plans should be seen as a security blanket for when you’re too old to do any kind of work. At this point you will at least be able to fall back on that money. If you have a white collar job right now, a time will come when...
To get into the labour market and be successful, you need to know how to survive because there are many people with just as good a qualification as you.It is essential that you know exactly what is is that your employer wants from you First thing to note is Business...
Our needs in life are always reflected in our every day expenses. You spend your money on what you regard as important. The small things we spend money on are however the ones that make the most dent on our finances because they tend to come as daily, weekly or...
To make money in Nigeria, you have to study the economy and what thrives in it. You can’t possibly sell winter jackets and expect to get returns from it, our weather is not inclined in that way. That said, this review basically points out ventures that work in Nigeria...
Question: What is President Muhammadu Buhari’s budget from 2016 till date? Answer:  N6.06trillion for 2016 budget N7.298trillion for 2017 budget N8.612trillion for 2018 budget    SOURCE: Nairametrics Research
The ultimate goal of embarking on any investment activity is to maximize the highest possible return by taking the least amount of risk. It is an undeniable fact that investing in the stock market anywhere in the world is not for the faint hearted, however only a few will...
Sometimes having a job simply isn’t enough. A lot of individuals strive so hard for a job that when they do get one, they settle for whatever they’re paid. You don’t need to give up your job entirely; you just need to consider if you might need a little...
All the hustle and bustle today is to ensure that tomorrow is comfortable. Beyond our daily hustle, we should all make plans for a financially secured future. Starting tomorrow early is not easy but is worth the while. Here are some easy steps you should take to secure your...
Parenting is quite exciting and the fun part is usually when the kids are grown enough to be sent on  on “silly adult” errands. You are within your rights to put your legs on the table and call on them to either change the television channel or simply hand you...