The Billion-Naira Delusion: What the Viral $1 Million Shopping List Reveals About Our Financial Literacy Problem

A viral budget template by online user @UrglyGramm mapping out a hypothetical ₦1.4 billion windfall exposes how the digital generation calculates wealth. The breakdown allocates over 70 percent of the total capital into immediate liabilities. These selections feature high-maintenance assets like a G-Wagon and a Wrangler alongside luxury jewellery. To fund the long-term upkeep of... Read More

Deep Dive

Finance, nigeria

March 17, 2025

UBA, ICAN Partner to Drive Innovation, Excellence in Finance and Accounting

The delegation had distinguished members of the institute’s council and executive team, including Immediate Past President of ICAN; Mr. Oladele Nuraini Oladipo, FCA, ICAN Council Member; Dr. Oluseyi Oladimeji Olanrewaju, FCA, ICAN’s Honorary Treasurer; Mr. Biodun Adedeji, FCA, ICAN Council Member; and Dr. Lanre Olasunkanmi, FCA, Registrar/Chief Executive of ICAN. Alaribe who was visibly excited... Read More

Partners

accounting, Finance, ICAN, UBA

Top 5 Stories Of The Day | US Considers Sanctions as Nigeria is Warned Over Religious Violence

October 24, 2024

Ngozi Okonjo-Iweala’s win is a reminder that we have huge untapped potential in Nigerian women

Former finance minister Ngozi Okonjo-Iweala (NOI) has attained another first. As is to be expected, a litany of congratulatory messages to her for clinching the position of Director General of World Trade Organization (WTO) has followed with zero acknowledgement to how she attained feat after feat in spite of rather than because of Nigeria’s atmosphere.... Read More

Non-binary Blog

Chimamanda Ngozi Adichie, CNA, Dora Akunyili, Finance, gender, ngozi okonjo iweala, NOI, Slay Queen, women, WTO

May 27, 2019

How Segun Agbaje changed the face of banking with GTBank

When is a bank not a bank? That is a question Segun Agbaje, the multiple award-winning CEO and Managing Director of Nigeria’s Guaranty Trust Bank (GTBank) has been getting to grips with as he forges a new path for banking in Africa. Agbaje was always destined to become a banker, it seems, although he took a circuitous route.... Read More

Partners

banking, Changemakers, Digital Innovation, Finance, GTCrea8 Convention, guaranty trust bank, Leadership, Segun Agbaje

November 22, 2017

The Film Blog: Ndani’s ‘Analyse This’ takes on the business of movie making

Ndani’s ‘Analyse This’ has had a spectacular season. They changed hosts, bringing on Honey Ogundeyi who does a stellar job of steering conversations with their guests towards intelligent resolutions and the great banter between Tunji Andrews and the guests provide clarity on a myriad of complex economic subjects. This is the way talk shows that... Read More

Reviews, The Film Blog

Analyse This, Economics, Finance, Honey Ogundeyi, Jay Franklin Jituboh, Tunji Andrews

September 8, 2017

Fidelity Bank posts impressive audited half year results as profits soar by 66% to N10.2bn

Top Nigerian lender, Fidelity Bank recorded a very strong financial performance in the first half of 2017, posting impressive growth in profits, gross earnings and other indices for the six months period ended June 30, 2017. Details of the audited results, released at the Nigerian Stock Exchange (NSE) shows that gross earnings rose by 22.1... Read More

Partners

Fidelity Bank, Finance, H1, Nnamdi Okonkwo, profit

August 25, 2017

The Thread: This is the secret to securing your financial future

Wondering how to become the next Bill Gates? Investments are the next best thing. But if Bill Gates is too tall an order, how about retirement savings? Manasseh Egedegbe lectures how: I can't hold the fire. I just have to do another thread on the power of compounding. I am vexed. (Thread) — Zarathustra of... Read More

Opinion

Finance, investments, savings, The Thread

August 14, 2017

Nigeria’s Mutual Funds attracts increased interest locally and internationally

Against the backdrop of increased interest and investments in Mutual Funds in Nigeria, Nigeria’s Securities & Exchange Commission (SEC) announced that total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time ever. This has been attributed to various factors not excluding the current state of the economy, stock... Read More

Partners

banking, CAM, Coronation Asset Management, Finance, mutual funds, nigeria

June 15, 2017

Union Bank launches UnionAccelerate, a zero-cost, high interest Savings account for medium-sized businesses

Union Bank has announced the launch of UnionAccelerate, a high-interest savings account with zero bank charges for medium-sized businesses. UnionAccelerate is a full-featured innovative banking solution that helps manage the challenges of high overhead costs and restrictive bank deductions experienced by businesses across the country. Speaking about the product, Kunle Sonola, Union Bank’s Executive Director, Commercial... Read More

Partners

Finance, savings, union bank, UnionAccelerate

February 20, 2017

Stakeholders endorse TSA at anniversary retreat

Stakeholders drawn from all spheres of the Nigerian economy have pledged their support for the Federal Government’s Treasury Single Account (TSA) policy which has since its September 15, 2015 implementation returned over N5.2 trillion to the national Treasury. At the conclusion of a recent 2-day retreat in Abuja tagged ‘One Year Anniversary of TSA: Benefits,... Read More

The News Blog

economy, Finance, kemi Adeosun, national treasury, nigeria, stakeholders, TSA

February 15, 2017

[The Legislative Blog]: Did the Senate just uncover padding in the 2017 budget?

First of all, it comes as no surprise that this irregularity was found in the budget proposal of the Ministry of Power, Works and Housing headed by Mr Babatunde Fashola (SAN). We already established that the man is no saint. His ministry was recently accused of conniving with the Bureau of Public Procurement (BPP) to... Read More

The Legislative Blog

2017 budget, Fashola, Finance, housing, kemi Adeosun, padding, Power, senate, works

October 29, 2016

Opinion: Why should we borrow our future?

by Owolabi Afeez Ashola Recently, the Federal Government sent a letter to the National Assembly for matters classified as urgent with billions of dollars involved to be borrowed through international sources, which will add to the increasing debt of over a trillion Naira already owes. The external borrowing will spread through 2016 to 2018 (rolling),... Read More

borrowing, economy, Finance, International Monetary Fund, nigeria, Obasanjo, Okonjo-Iweala

October 29, 2016

$29.96 billion, 33000 | 5 numbers that mattered this week

$29.96bn – The amount of loan the Federal Government of Nigeria plans to borrow from the World Bank, African Development Bank, Japan International Co-operation Agency, Islamic Development Bank and China Exim Bank in the next three years. N2.1trn – The total amount Nigeria lost to the activities of militants in the Niger Delta region from... Read More

Featured

budget, Cross River State, Finance, kemi Adeosun, loans, Niger Delta, nigeria, numbers, World Bank

October 25, 2016

Opinion: Why Nigeria Is Its Own Worst Enemy

by Calvin Ebun-Amu The IMF predicts a stronger Nigeria growing out of recession in 2017. Fitch Ratings projected growth of 2.6%, thus instilling confidence in many potential investors. The IMF has expressed its preparedness to lend money at zero interest rate to Nigeria. Increasing Pressure Presently, Nigeria is experiencing its worst recession in 25 years... Read More

economy, Finance, Forex, IMF, nigeria

October 17, 2016

Opinion: Planning your finances

by Oluwatosin Olaseinde The Nigerian Naira is the world’s worst performing currency against the US Dollar. So why are we starting with the currency? Because it addresses the very reason of why we plan. We plan our finances to address future needs, the purpose is defeated if it does not fulfil its objective due to value... Read More

banking, Finance, mutual funds, Stock market, Treasury Bills

October 15, 2016

Opinion: What’s behind Africa’s growing love for digital finance?

by Calvin Ebun-Amu 2007, Kenya’s dominant cellular provider, Safaricom, launched M-Pesa. The service allowed users to send and receive digital payments anywhere in the country as easy as sending a text message. With M-Pesa, customers store money in their mobile wallet which they use to make deposits, pay for goods and services in brick and... Read More

banks, digital finance, Finance, M-Pesa, nigeria

October 1, 2016

Dangote, Emefiele and 5 other people to blame if Nigeria actually goes broke

Remember how they want Nigeria to sell her assets? It started on September 17th with billionaire, Aliko Dangote saying it is what he would have done if his company ever went broke. According to him: “If I had challenges in my company, I would not hesitate to sell assets to remain afloat to get to... Read More

economy, Emefiele, Finance, National asset sale, Obasanjo, recession, Sanusi Lamido

September 30, 2016

Opinion: A beginner’s guide to evaluating any investment

by Derin Adebayo So you have some free cash lying around (lol, I know…. let’s just pretend you do) and someone approaches you while you’re jogging and tells you about an investment opportunity in his insurance company. For a fixed monthly deposit of NGN 50,000 you get NGN 3,000,000 after three years. Is this a... Read More

cash, CBN, economy, Finance, investment, Liquidity, Start-up, stoocks

September 27, 2016

Entertainment Roundup: Lil Wayne gets minor victory in case against Birdman | Nollywood actor ‘arrested’ from his home and more

Here are some stories from yesterday and others that unravelled while you slept – and are now buzzing this morning in today’s Entertainment Roundup. Nollywood actor, Kalu Ikeagwu, kidnapped The actor was allegedly arrested at his home at 18, Gbagba Crescent, Ogba, Lagos. According to Encomium magazine, the actor, who recently tied the knot, was... Read More

actor, birdman, court, Entertainment Roundup, Finance, home, kidnapped, Lil Wayne, nollywood

September 22, 2016

The Thread: #TenCashCommandments

Every other day, a tweep puts out a thread on a subject matter of their contemplation. Today, it is Audu Maikori (@Audu), the Chocolate City Entertainment president dispensing advice on money matters. And Nigeria being in the throes of recession, any recommendations about handling money is welcomed. Hear, hear! 1. He who has the cash is... Read More

Business, debt, economy, Finance, money, recession

September 19, 2016

The Explainer: This is what is going on with the aviation industry

Arik, Nigeria’s largest airline, blamed the cancellation of all of its flights last week to a delay in getting insurance documentation as a result of the Sallah break. This left hundreds of people stranded. The documentation was sorted out though, and flights resumed on Wednesday. That was not the only reason put forward for their... Read More

Featured

Aero Contractors, Air Nigeria, airlines, aviation, bankrupt, Finance, IRS and Chanchangi, Muhammadu Buhari, nigeria, Umaru Musa Yaradua

September 16, 2016

#30Days30Voices: ‘For days now, the economic situation has worsened’

In recent months several financial institutions have been in the news for either laying off workers or having financial difficulties. Much like other sectors of the Nigerian economy, financial service sector is also groaning under the weight of the present economic situation. On today’s episode of #30Days30voices, a citizen tells us how the present economic... Read More

#30days30voices, bankers, banking, banks, Finance, inflation, nigeria, recession

September 9, 2016

Manasseh Egedegbe: Recession is a word

by Manasseh Egedegbe Recession is a word. It is also a noun. It is a powerful noun that has thrown 4.6 million people out of jobs in a little over a year. A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two... Read More

CBN, disaster, Emefiele, Finance, investment, kemi Adeosun, Nigerian Economy, recession

September 6, 2016

Incompetence is worse than actual corruption | 5 takeaways from how Kemi Adeosun became Public Enemy Number One

by Daniel Essien Nigerians have always had something of an issue with our Finance Minister, Kemi Adeosun, who before this was commissioner of finance in Ogun State, with no credential on a national or international platform. Last week those lingering resentments or doubts burst into the open as she made a gaffe she had no... Read More

dino melaye, Finance, kemi Adeosun, ngozi okonjo iweala, NOI, recession, takeaways

September 2, 2016

Opinion: The real issue with Nigerian e-commerce companies

by Derin Adebayo Q: What is the addressable market for a technology start-up operating in Nigeria? A: Nobody knows. The NCC claims there are 92 million Nigerian internet users, but there are only 16 million Nigerian users on Facebook, the most visited site in Nigeria. There are 20.8 million bank accounts registered for BVNs, but only... Read More

e-commerce, Finance, hotels, Jumia, Konga, ncc, nigeria, technology

August 30, 2016

Opinion: Buhari Administration And The Use of Emergency Powers

By Abdul Ajia Oga Sonala Olumhense as usual aptly captured the Nigerian situation over the last 15 months under the Buhari administration in his latest article published on the 28th of August, 2016 in major Nigerian media outlets. I agree with those who claimed that President Muhammadu Buhari has enough executive authority to execute the policies... Read More

BDC, Buhari, CBN, communication, Executive, Finance, Forex, nigeria, Power

August 26, 2016

‘I can’t date a guy who can’t provide for me’ | Actress Lilian Afegbai speaks up on Moments (WATCH)

Moments in Nigeria explores the topic ‘No Romance Without Finance’ in this episode. Watch the beautiful actress, Lilian Afegbai give her candid opinion on the topic below.

Featured

broke, celebrity, Finance, Mo Abudu, Nigerian, provision, romance

The Billion-Naira Delusion: What the Viral $1 Million Shopping List Reveals About Our Financial Literacy Problem

I Wasn’t Just Giving Money Tips; I Was Giving People Permission to build wealth—Your Personal Finance Girl

UBA, ICAN Partner to Drive Innovation, Excellence in Finance and Accounting

Top 5 Stories Of The Day | Tinubu Sacks Five Ministers, Appoints Seven and Reshuffles Cabinet

Ngozi Okonjo-Iweala’s win is a reminder that we have huge untapped potential in Nigerian women

How Segun Agbaje changed the face of banking with GTBank

The Film Blog: Ndani’s ‘Analyse This’ takes on the business of movie making

Fidelity Bank posts impressive audited half year results as profits soar by 66% to N10.2bn

The Thread: This is the secret to securing your financial future

Nigeria’s Mutual Funds attracts increased interest locally and internationally

Union Bank launches UnionAccelerate, a zero-cost, high interest Savings account for medium-sized businesses

Your tax, your child and the future

Stakeholders endorse TSA at anniversary retreat

[The Legislative Blog]: Did the Senate just uncover padding in the 2017 budget?

Opinion: Why should we borrow our future?

$29.96 billion, 33000 | 5 numbers that mattered this week

Opinion: Why Nigeria Is Its Own Worst Enemy

Opinion: Planning your finances

Opinion: What’s behind Africa’s growing love for digital finance?

Dangote, Emefiele and 5 other people to blame if Nigeria actually goes broke

Opinion: A beginner’s guide to evaluating any investment

Entertainment Roundup: Lil Wayne gets minor victory in case against Birdman | Nollywood actor ‘arrested’ from his home and more

The Thread: #TenCashCommandments

The Explainer: This is what is going on with the aviation industry

#30Days30Voices: ‘For days now, the economic situation has worsened’

Manasseh Egedegbe: Recession is a word

Incompetence is worse than actual corruption | 5 takeaways from how Kemi Adeosun became Public Enemy Number One

Opinion: The real issue with Nigerian e-commerce companies

Opinion: Buhari Administration And The Use of Emergency Powers

‘I can’t date a guy who can’t provide for me’ | Actress Lilian Afegbai speaks up on Moments (WATCH)

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