FinanceNaija
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Sending money into Nigeria vs. out: best corridors, apps and hidden costs
Read More »Money crossing Nigeria’s borders travels two very different roads depending on which direction it flows. Coming in, the journey has never been easier: over $20 billion in remittances arrives yearly from the diaspora, and a dozen apps now deliver dollars to naira accounts in minutes. Going out, the road narrows sharply — forex rules, capital …
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eNaira five years on: why it failed and what digital naira 2.0 promises
Read More »When Nigeria switched on the eNaira in October 2021, it became the first country in Africa to launch a central bank digital currency, and the hype suggested a financial revolution. Five years later, the numbers tell a quieter story: fewer than 1% of Nigerians ever used the wallet, more than 98% of the wallets created …
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POS business in Nigeria 2026: startup costs, daily profit and whether it’s still worth it
Read More »Stand on any busy Nigerian street for ten minutes and count the kiosks with card machines. They are everywhere — outside markets, at estate gates, beside motor parks — and each one carries the same whispered promise: small capital, daily cash, no boss. POS agency banking has become Nigeria’s most contagious business idea, and also …
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Selling on Jumia, Konga and Instagram: which marketplace actually pays sellers on time
Read More »Every Nigerian seller knows the feeling. The order is confirmed, the item is shipped, the customer is happy — and then the wait begins. Money that the customer paid weeks ago sits somewhere in a platform’s system, and your next stock purchase depends on when it lands. On marketplaces, payment timing is not a detail; …
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NHF and mortgage options in Nigeria: how to actually finance a house
Read More »The average Nigerian house costs more than most workers earn in a decade, and almost nobody has that kind of cash lying around. Yet the country has a quiet, decades-old machinery for financing homes — the National Housing Fund and the Federal Mortgage Bank — that most earners barely understand, while the mortgage products everyone …
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Pension in Nigeria: how RSA works, contribution rates and voluntary savings (PRS)
Read More »Over ₦25 trillion in pension assets now sits with licensed Pension Fund Administrators in Nigeria, built almost entirely from monthly payroll deductions that most contributors never consciously think about. Yet the same system covers barely more than ten million people in a country where the majority of workers earn a living outside formal employment. The …
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How to open a US dollar account as a Nigerian: domiciliary vs. fintech alternatives
Read More »The naira loses value, school fees abroad keep rising in dollars, and every serious saver eventually faces the same question: how do I actually hold money in US dollars? For decades there was only one answer — the domiciliary account, the “dom account” guarded by banking halls, referees and paperwork. Today the answer has multiplied. …
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Real estate investment without buying land: REITs and fractional platforms in Nigeria
Read More »Ask most Nigerians what it takes to own property and you will hear the same chorus: millions of naira, an agent you trust, a plot somewhere on the outskirts of a growing city, and years of waiting for the structure to rise. Land remains a cultural obsession — and for good reason — but it …
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How Nigerians can invest in US stocks: Chaka, Bamboo and Risevest compared
Read More »Owning a slice of Apple or Microsoft from a smartphone in Lagos stopped being a fantasy years ago. What used to require foreign bank accounts and wire transfers now takes a naira deposit and a KYC check on an app. But the three names most Nigerians associate with this — Chaka, Bamboo and Risevest — …
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FGN Savings Bond vs. Treasury bills: which government instrument fits small savers
Read More »Every few months the same question shows up in savings circles across Nigeria: should the money go into an FGN savings bond or into Treasury bills? Both are backed by the federal government, both beat most bank savings accounts, and both can be opened with amounts that ordinary earners can manage. Yet they behave very …