The October 2023 report by the National Lottery Trust Fund (NLTF) claimed that over 65 million Nigerians engage in betting daily, spending an average of $15 calls for scrutiny. By this claim, this translates to $975million daily, $29.2Billion per month, and not less than $351billion per year on bet spending. If Nigerian bettors are committing … Read more
If you bought shares of Guinness Nigeria a few years ago, your name might be on the list of 45,759 unclaimed dividends recently published by the company. As of June 30, 2023, Nigeria Guinness says its Dividend 93 booklet contains names of shareholders whose dividend warrants were returned unclaimed “because their address could not be … Read more
There are 41 inactive stockbrokers on the Nigerian Exchange (NGX), 30 of them have inadequate shareholder funds while 11 of them were reclassified to sub-brokers with the SEC. According to the stock exchange, inactive stockbrokers can’t actively participate in trading until they meet NGX rules on capital adequacy for Trading License Holders. What of inactive … Read more
There are nine deregistered stockbrokers in Nigeria according to the Security and Exchange Commission. When a stockbroker is deregistered, investors have to steer clear of doing any form of business with them. What is a deregistered stockbroker? A deregistered stockbroker is a company that is prohibited from buying and selling stocks and other securities for clients … Read more
What is a rental property? A rental property is a residential or commercial real estate investment that the owner or landlord utilizes with the primary purpose of generating income. It also means the process of buying properties and renting them out to tenants to make recurring profits over a long period of time. This can … Read more
As the official currency of Nigeria, the Naira is a subject of interest for both local and international investors seeking opportunities in the African market. However, determining whether investing in Naira is worthwhile requires a careful evaluation of its advantages and drawbacks. This article delves into the considerations surrounding investing in Naira, examining factors such … Read more
After years of delay, Nigeria’s Dangote Petroleum Refinery was commissioned on Monday, May 22, 2023 in Ibeju-Lekki, Lagos State, Southwest, Nigeria. The founder and Africa’s wealthiest person Aliko Dangote says the refinery will create thousands of direct and indirect jobs. For Nigeria’s government which had used its moribund refineries to siphon millions of dollars in … Read more
Precious metals, such as silver, platinum, gold, and palladium, have been considered valuable for centuries. While they are often seen as a means of jewellery and investment in bullion or coins, precious metals have many benefits when added to an investment portfolio. Investing in precious metals can provide diversification, inflation protection, and a hedge against … Read more
Technology has revolutionized management services and people’s lives in the fintech industry by providing greater convenience, accessibility, and efficiency. Digital financial services such as mobile banking, digital wallets, and robo-advisors have made it easier and more convenient for people to manage their finances, regardless of their location. Online lending platforms and crowdfunding have enabled greater … Read more
The cost of a private jet charter depends on a lot of factors like the size of the jet, the distance of the flight, time of the year, and location. For instance, the standard price of chartering a large jet for transcontinental flights could cost between $8,000 (NGN3.7 Million) to $15,000 USD (NGN6.9 million) per hour. … Read more