Don’t Live To Impress
In today’s world, many are spending money just to impress when they know they can’t really afford it, it could be your rent, car, vacation, aso-ebi, gifts or lifestyle. Peer pressure is high but don’t get carried away, live life on your own terms. Let what others are doing motivate you but don’t live a…
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Loan Application Checklist
So, you have thought about it and you believe the best course of action on the endeavor you are about to pursue is to take out a loan. You have also considered your options and like almost every other Nigerian, you know that the bank will not be able to help you here. As you…
Smart Investing for Beginners on a Tight Budget
Investing can seem complicated and overwhelming when it conjures images of the stock market, in reality, there are other opportunities to invest irrespective of your income or age bracket. If you’re living paycheck-to-paycheck, without much room in your budget, you might assume that investing isn’t something you can do right now, but you don’t need…
Abiola AdekunleFiscal Policy vs. Monetary Policy: Pros & Cons
Fiscal Policy vs. Monetary Policy Fiscal policy and monetary policy are the two tools used by the state to achieve its macroeconomic objectives. To have a stable economy, these two policies must have been effectively managed which are fiscal and monetary policy. Fiscal policy is the use of government spending and tax policies to either…
Is Debt Good or Bad?
Isn’t it funny that debt is one topic that many people treat like a dirty little secret, yet at one point or the other we have all been in debt? Typically, when someone asks for a loan from family or friends, there’s this unspoken code of confidentiality that immediately comes into play. Perhaps this is…
Inflation Report – June 2020
INFLATION REVIEW | NIGERIA | JUNE 2020 The National Bureau of Statistic (NBS) published the consumer price index (CPI) report for June 2020, which showed inflationary pressure intensified in the months with 16bps increased from the previous month as food prices surged. Nigeria’s headline inflation rose to 12.56% y/y in June from 12.40% y/y recorded…
What are you doing with money?
There are 1001 things you can probably do with money if you were to think about it. There are bills to pay, debts to settle and life to ‘chop’. So why would you be thinking about investing for years in the future when You Only Live Once? But that’s the thing, you only live once so…
Financial Smartness
You need to develop a love for numbers and basic arithmetic, it is one subject that is key to good financial decisions. You can assess the full cost of a decision and identify if a proposed deal is worth it or not. A lot of people have debts hanging around their necks because they didn’t…