There are several ways government agencies or private organizations check whether a business or company is compliant. One of them is through the Company Information Sheet (CIS). What is CIS? The Company Information Sheet (CIS) is not only used to verify if a business is still active or operational, but it also serves as a form of … Read more
Fixed Deposits (FDs) have been one of the safest and most predictable investment options for a long time. An FD is usually the default option for individuals who want stable returns and minimal risk. Many investors do not know that even basic investments such as fixed deposits need planning. One of the most common mistakes … Read more
Nigerians who invested in CBEX, a platform that used crypto trading as a ploy, are now languishing in debt while crying their eyes out. The platform, which promised a 100% return on investment (ROI) in 30 days, has folded up—without a trace. As of the time of this report, investors are said to have lost … Read more
Thousands of Nigerians who invested in the now-collapsed Ponzi scheme, CBEX, are languishing in regret—despite similar schemes in the past and repeated warnings by Nigeria’s Securities and Exchange Commission (SEC) to steer clear of unregulated investments. MMM is a typical example. Then came Racksteli, promoted by the Nigerian singer Davido and former lawmaker Dino Melaye, … Read more
Imagine you’re in your house on a cool Saturday evening, and the power suddenly goes off. You think it’s a general issue until you look through your window and see that you’re the only one plunged into darkness. And for what reason? Your electricity units just got exhausted. Exhausting, right? Here’s the good news: paying … Read more
What Are Dollar Fund Investments? Dollar fund investments are investment vehicles designed to provide returns for investors holding US dollars while also serving as a hedge against inflation when a local currency is devalued. Benefits of USD fund investment 1) Edge against inflation: Ever since Nigeria de-pegged its currency from the US dollar, many international traders … Read more
Investing in the stock market can be both exciting and challenging. With numerous options available, two prominent avenues for investment are upcoming Initial Public Offerings (IPOs) and established stocks. Understanding the differences between these two options can help you make informed decisions about where to invest your money. Basic Understanding To navigate this investment landscape … Read more
In today’s competitive market— as a business owner, you might have seen that having business debts triggers significant challenges that can disrupt your business’s cash flow, steady growth and complicate your daily operations. If you manage your business debts unnaturally it can drain valuable resources and impact your company’s ability to innovate/respond to market changes. … Read more
A new migration and financial services platform, Cush, has officially been launched in London, United Kingdom, promising to revolutionize the way migrants navigate relocation and cross-border financial challenges. According to its founder, Wale Ameen, the platform aims to simplify the migration process while providing secure payment solutions tailored to migrants’ unique needs. The platform, which … Read more
Liquid and illiquid assets play distinct roles in financial planning and portfolio management. Knowing their characteristics, advantages, and limitations can help you align your assets with your financial goals. What Are Liquid Assets? Liquid assets are resources that can be quickly converted into cash without significantly affecting their market value. These assets are essential for … Read more
What Are Illiquid Assets? Illiquid assets are financial or physical holdings that cannot be quickly converted into cash without a significant loss in value. These assets typically lack an active market, making it challenging to find buyers or sellers promptly. While illiquid assets often hold significant value, their limited marketability distinguishes them from their liquid … Read more
It is important to understand the variety of assets available for investment when planning your financial future. By exploring different options, you can diversify your portfolio, balance risks, and optimize returns. However, it is also important to know the pros and cons of these investment types, and how to choose the right mix for your … Read more
Investable assets refer to any financial resources that can be allocated to generate returns. Unlike illiquid assets such as real estate or collectibles, these assets are typically liquid or can be easily converted into cash for investment purposes. Examples include: Why They Matter Investable assets are vital for achieving financial goals, whether that’s saving for retirement, … Read more
The 2024 Bloomberg Billionaires Index reveals that out of 500 wealthy people around the world who made the list, 190 American citizens made it onto the global list, translating to 38% of the top 500 billionaires in the world are in the United States. Within ultra-rich elite group, the top 100 billionaires in the U.S. stand … Read more
Elon Musk, the entrepreneur and founder of SpaceX, has achieved a milestone no one else has achieved in history, by reaching $400 billion fortune, according to Bloomberg’s 2024 Fortune List, solidifying his status as the wealthiest person in history. His relentless drive and groundbreaking ventures are behind his latest fortune and making him one of the few Ultra-High-Net-Worth … Read more