There is an observation that has been pretty concerning lately regarding a personal finance subject for the younger generation, especially Millennials, Gen Zs and younger. And it is the subject of "Pension". It appears that a huge part of the younger generation in Nigeria who are of working age are not on any form of pension plan, and these include both the employed, underemployed and unemployed. If you take a sample of size of Nigerian youths today and ask them if they are on a pension plan, most likely more than 70% would confirm in the negative. This should be concerning for a country like Nigeria with more than 38% of her population between the ages of 20 and 49, and even a higher percentage of her population younger than 20 years. It might interest you know that a number of this demography who are employed in Micro, Small or Medium enterprises do not have any statutory pension contribution commitments from the organization, neither are they interested in the subject the...

  In  a previous article we wrote about a Passive Investment option known as Money Market Funds, which you can check out here if you have not. In this article, we want to bring to light another passive investment option known as Commercial Papers. Of course, they are passive in that after making the investment you do not require any further activity or work for them to yield interest or dividends for you. Essentially, your money works for you. So we ask again like in our previous article, do you have some idle funds sitting in your bank accounts or under your bed for several weeks or months? Are you saving up for a project in a few months and just piling it up in a bank account? That six months savings you have been told to set aside to serve as emergency fund in case of loss of your job or something else, do you have it lying idle somewhere? If your answer is positive then you might want to consider Commercial Papers. What are Commercial Papers?  Commercial papers are...

On the 2nd and 3rd of July, 2025, GTCO, the parent company of Guaranty Trust Bank, announced that it is set to list its shares for trading on the London Stock Exchange (LSE) by 8am July 9, 2025, making it the first financial services institution in West Africa to achieve this feat. At a time when most Nigerian banks are struggling with the recent CBN Circular on Non Performing Loans and forbearance , GTCO once again proves that it is a trailblazer in the Financial sector by making this unprecedented move. This is not GTCO's first foray to the LSE, as it had previously listed its GDR (Global Depository Receipts) there since 2021 or so, which it is about to wind up though.  But what's in it for Shareholders and Investors? The group concurrently launched a public offer of new ordinary shares to raise $105 million on the London Stock Exchange between July 2 and July 30, through an Accelerated Book Build managed my Citigroup. According to BusinessDay news, "a n accelerated book...

The news of Alhaji Aminu Alhassan Dantata's death at the age of 94 hit the Nigerian news media on the 28th of June, 2025. Several condolence messages have since been extended from friends and well wishers to his large family, including Alhaji Aliko Dangote, Nigeria's foremost business man, whose uncle he was.  Aminu Dantata was what Nigerians would call "Old Money", a man who broke through as early as in the 1960s, at a very young age. Although he was from a wealthy lineage, it still takes a lot to not just sustain wealth but to grow it. Just like the Oracle of Omaha, Warren Buffett, during his lifetime Aminu Dantata could be regarded as the proverbial Oracle of Kano, a prominent northern Nigerian state, with a good number of business and political leaders and aspiring figures within and outside the country paying homage to him regularly and seeking his counsel. He was involved in several businesses spanning across Trading, construction, Real estate, manufacturing, ba...

In an interesting and surprising announcement, on the 1st of July, 2025 Japaul Gold and Ventures PLC appointed new board members at their 20th Annual General Meeting, and named one of them as Chairman to take over the reigns from the pioneer Chairman, now outgoing, Paul Jegede. The newly appointed Board members are Mr David Dawson, Engineer Francis Ekeng, and Mr Segun Oloketuyi, of which the latter was named as the new Chairman of the board. According to the announcement, " Japaul Gold & Ventures PLC is proud to announce a transformative phase in its corporate governance and strategic direction with the appointment of Mr Segun Oloketuyi as the new Chairman of the Board of Directors, alongside the onboarding of Mr Francis Ekeng as Non-Executive Director and the confirmation of Mr David Dawson as the new Managing Director. This development marks a pivotal moment in the Company's evolution, as it positions itself to capitalize on emerging opportunities in gold exploration, mi...