Investment

The thought of having passive income is particularly fascinating. This is because motivational speakers have over the years preached hard work as the price to pay to be rich. While hard work has its role in success, passive income sources exist to ensure that the money keeps coming without working…

One of the top 20 wealthiest investors on the Nigerian Exchange, Pascal Dozie, has seen an increase in net worth thanks to his stake in MTN Nigeria, currently valued at more than $148 million.  The Nigerian multimillionaire businessman is the founder of Diamond Bank, a Nigerian multinational financial service provider…

Africa is the second-largest continent, with 54 countries and more than 1.4 billion people, which makes it a viable place for business. However, the continent continues to be undervalued and misunderstood, as does the opportunity for any industry to play a game-changing role in addressing the continent’s most pressing problems.…

Financial service conglomerate National Commercial Bank of Anguilla Ltd (NCBA) Group, owned by some of the wealthiest families in Kenya, has disclosed its plans to spin out its fintech division, which includes M-Shwari.  The process will involve creating a standalone business that will offer better digital banking services to its…

Aliko Dangote’s petroleum refinery is the largest single-train refinery in the world and aims to reduce the reliance on imports for most refined petroleum products in Nigeria.  The refinery is set to be commissioned by mid-2023. Dangote has also affirmed that the commissioning will be before the end of Buhari’s…

There are many new investors in the stock market that are having misconceptions regarding their roles as a shareholder. This has set an unrealistic expectation for them, for example, most of them think by owing a portion of a company they are automatically the boss.      A Schwab survey found that…

Money isn’t everything, but happiness isn’t enough to keep the rainy days away. That is why investing is such an important aspect of accumulating wealth. Investing money is a fantastic way to get passive income. There are numerous platforms to grow your money in Nigeria, and millennials are embracing them,…

Global tech giants are pumping billions of dollars into the Metaverse and interestingly, Africa is also positioning to tap into the commercial opportunities of the Metaverse. About two weeks ago, MTN, Africa’s largest telecommunications company, announced that it had bought 144 plots of land in South Africa’s first Metaverse, Africacare.…

As the year 2022 picks up in earnest, there is growing optimism that the Nigerian economy will continue to stretch out with positive indices. This also means that people who are smart enough to invest their money in proven most profitable businesses will win big this year. These top ten…

Most foreign countries have increased their trade rate with Africa, with European Union (EU) countries taking the lead, followed by China. The percentage of growth is superior to that of other developing regions, such as Latin America. However, for a long time, imports have outnumbered exports, resulting in massive trade…