Ever lost money to a Ponzi scheme in Nigeria? I have. And so have many people I know. In fact, nearly everyone in Nigeria has a friend or family member who has lost money to Ponzi schemes. You may think this isn’t a problem until you learn that Nigerians have lost a whooping 300 billion …
Becoming An Angel Investor In Nigeria
Becoming an angel investor in Nigeria is one way to grow your wealth quickly. Take Kendall Ananyi, founder of wifi.com.ng, as an example. In 2016, Kendall sold his house in Canada to invest in Paystack. After Stripe acquired Paystack for $200 million in 2020, Kendall had this to …
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Achieving Financial Goals Using Piggyvest [A Complete Guide]
Achieving financial goals shouldn't be so hard. Remember how many times you have set out to save money. Then give up after a few months? Telling yourself that saving money is not your thing. Achieving financial goals is actually possible. If I could do it, anybody can do it today. You …
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How to Use Accounting Rate of Return to Appraise Investments?
Accounting rate of return [ARR] is probably the oldest and simplest way to weigh your investment options. Popular with the public sector in the US and UK for project appraisal, accounting rate of return [ARR] can also be used by you and me. It is an easy way to decide where to put your money, …
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New Investor? Here Are 4 Investing Red Flags To Avoid
Investing in a small, regular business is tough. You need to consider lots of factors. What investing red flags or warning signs can make you not invest in a lucrative business? Three years ago, I nearly lost ₦500,000 to a friend’s small business. The Business? My friend had acquired a …
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5 Money Myths That Keep Africans Broke
Money myths are as old as the hills. When I was a boy, my favorite hangout spot were newspaper stands. Newspaper stands are places where curious minds gather to read newspapers free of charge. And discuss global and local events in the papers. There was a man who came there to free-read …
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