Personal Finance Archives - Nairametrics https://nairametrics.com/category/financial-literacy-for-nigerians/personal-finance/ Destination for Business news and analysis from Africa's largest economy Thu, 12 Jun 2025 14:27:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Personal Finance Archives - Nairametrics https://nairametrics.com/category/financial-literacy-for-nigerians/personal-finance/ 32 32 201037849 Managing investment risk in the digital age https://nairametrics.com/2025/06/02/managing-investment-risk-in-the-digital-age/ https://nairametrics.com/2025/06/02/managing-investment-risk-in-the-digital-age/#respond Mon, 02 Jun 2025 10:30:59 +0000 https://nairametrics.com/?p=516514 Different investments carry varying degrees of risk, and by understanding risk and making decisions based on that knowledge, investors are better able to make the best decisions for their portfolios and eventual finances.

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]]> https://nairametrics.com/2025/06/02/managing-investment-risk-in-the-digital-age/feed/ 0 516514 Proposed income tax bill; Here is how much tax you might pay from your salary https://nairametrics.com/2024/10/17/proposed-income-tax-bill-here-is-how-much-tax-you-might-pay-from-your-salary/ https://nairametrics.com/2024/10/17/proposed-income-tax-bill-here-is-how-much-tax-you-might-pay-from-your-salary/#respond Thu, 17 Oct 2024 10:51:52 +0000 https://nairametrics.com/?p=500297 This explainer breaks down the proposed Personal Income Tax Bill, highlighting how the new tax structure will impact salary earners in Nigeria, with simplified rates and significant changes for both low and high-income earners.

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]]> https://nairametrics.com/2024/10/17/proposed-income-tax-bill-here-is-how-much-tax-you-might-pay-from-your-salary/feed/ 0 500297 Why Nigeria’s inflation rate is hardly the same as your reality https://nairametrics.com/2024/10/03/why-nigerias-inflation-rate-is-hardly-the-same-as-your-reality/ https://nairametrics.com/2024/10/03/why-nigerias-inflation-rate-is-hardly-the-same-as-your-reality/#respond Thu, 03 Oct 2024 10:45:51 +0000 https://nairametrics.com/?p=499228 We dug into Nigeria inflation data to understand why it is never the same as yours. This is what we discovered.

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]]> https://nairametrics.com/2024/10/03/why-nigerias-inflation-rate-is-hardly-the-same-as-your-reality/feed/ 0 499228 Explainer: What you need to know about Nigeria’s Domestic US Dollar Bond https://nairametrics.com/2024/08/27/explainer-what-you-need-to-know-about-nigerias-domestic-us-dollar-bond/ https://nairametrics.com/2024/08/27/explainer-what-you-need-to-know-about-nigerias-domestic-us-dollar-bond/#respond Tue, 27 Aug 2024 11:15:17 +0000 https://nairametrics.com/?p=496685 This article aims to provide a comprehensive overview of what the bond entails, its purpose, and how investors can participate.

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]]> https://nairametrics.com/2024/08/27/explainer-what-you-need-to-know-about-nigerias-domestic-us-dollar-bond/feed/ 0 496685 Why global banks control forex trading https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/ https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/#respond Thu, 13 Jun 2024 07:38:31 +0000 https://nairametrics.com/?p=491163 Bank traders account for 92% of all Forex trading activity.

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]]> https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/feed/ 0 491163 How students can budget properly amidst record high living cost in Nigeria https://nairametrics.com/2024/05/25/how-students-can-budget-properly-amidst-record-high-living-cost/ https://nairametrics.com/2024/05/25/how-students-can-budget-properly-amidst-record-high-living-cost/#respond Sat, 25 May 2024 09:55:16 +0000 https://nairametrics.com/?p=489901 How students can budget properly amidst rising prices of essentials.

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]]> https://nairametrics.com/2024/05/25/how-students-can-budget-properly-amidst-record-high-living-cost/feed/ 0 489901 Handling financial demands from extended family members https://nairametrics.com/2024/02/26/handling-financial-demands-from-extended-family-members/ https://nairametrics.com/2024/02/26/handling-financial-demands-from-extended-family-members/#respond Mon, 26 Feb 2024 13:40:00 +0000 https://nairametrics.com/?p=480789 Virtually all tribes in Nigeria for example adopt this kinship family system. The family is much more than the nuclear enclave; it extends its tentacles far and wide.

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]]> https://nairametrics.com/2024/02/26/handling-financial-demands-from-extended-family-members/feed/ 0 480789 Financial Questions to Answer Before Relocating Abroad https://nairametrics.com/2024/02/20/financial-questions-to-answer-before-relocating-abroad/ https://nairametrics.com/2024/02/20/financial-questions-to-answer-before-relocating-abroad/#comments Tue, 20 Feb 2024 11:18:35 +0000 https://nairametrics.com/?p=480364 Emigration has emerged as a top issue for the average Nigerian resident in the search for better opportunities and an improved standard of living.

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]]> https://nairametrics.com/2024/02/20/financial-questions-to-answer-before-relocating-abroad/feed/ 1 480364 Is investing in mutual funds still a great idea in 2024? https://nairametrics.com/2024/01/28/is-investing-in-mutual-funds-still-a-great-idea-in-2024/ https://nairametrics.com/2024/01/28/is-investing-in-mutual-funds-still-a-great-idea-in-2024/#comments Sun, 28 Jan 2024 12:20:20 +0000 https://nairametrics.com/?p=478418 There is always a new shiny object popping up somewhere. That new kid down the block that makes the old look outdated and subpar.

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]]> https://nairametrics.com/2024/01/28/is-investing-in-mutual-funds-still-a-great-idea-in-2024/feed/ 1 478418 How to start saving for your kids in 2024 https://nairametrics.com/2024/01/21/how-to-start-saving-for-your-kids-in-2024/ https://nairametrics.com/2024/01/21/how-to-start-saving-for-your-kids-in-2024/#respond Sun, 21 Jan 2024 06:02:49 +0000 https://nairametrics.com/?p=477737 It's 2024 and just like 2023 and the year before, and even in 2021, you have vowed again to start saving for your kids.

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]]> https://nairametrics.com/2024/01/21/how-to-start-saving-for-your-kids-in-2024/feed/ 0 477737 How to enjoy Christmas on a low budget    https://nairametrics.com/2023/12/21/how-to-enjoy-christmas-on-a-low-budget/ https://nairametrics.com/2023/12/21/how-to-enjoy-christmas-on-a-low-budget/#respond Thu, 21 Dec 2023 07:36:33 +0000 https://nairametrics.com/?p=475401 Enjoying Christmas on a low budget is not just possible, it’s also a chance to unleash your creativity, experience the warmth of family, and make beautiful memories without breaking the bank.

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]]> https://nairametrics.com/2023/12/21/how-to-enjoy-christmas-on-a-low-budget/feed/ 0 475401 What mutual funds can get me rich quickly ? https://nairametrics.com/2023/11/27/what-mutual-funds-can-get-me-rich-quickly/ https://nairametrics.com/2023/11/27/what-mutual-funds-can-get-me-rich-quickly/#comments Mon, 27 Nov 2023 12:00:30 +0000 https://nairametrics.com/?p=473028 Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors.

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]]> https://nairametrics.com/2023/11/27/what-mutual-funds-can-get-me-rich-quickly/feed/ 4 473028 How to hedge your naira-denominated assets with dollar-based assets https://nairametrics.com/2023/11/25/how-to-hedge-your-naira-denominated-assets-with-dollar-based-assets/ https://nairametrics.com/2023/11/25/how-to-hedge-your-naira-denominated-assets-with-dollar-based-assets/#comments Sat, 25 Nov 2023 10:09:43 +0000 https://nairametrics.com/?p=472876 The Naira is currently trading close to its all-time lows. In a little under a year, the Naira has fallen more than 49%.

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]]> https://nairametrics.com/2023/11/25/how-to-hedge-your-naira-denominated-assets-with-dollar-based-assets/feed/ 1 472876 Rising cost of living: 9 ways to thrive in Nigeria https://nairametrics.com/2023/10/28/rising-cost-of-living-9-ways-to-thrive-in-nigeria/ https://nairametrics.com/2023/10/28/rising-cost-of-living-9-ways-to-thrive-in-nigeria/#comments Sat, 28 Oct 2023 13:56:50 +0000 https://nairametrics.com/?p=470244 ‘We dey manage.’ These used to be words used to feign humility. But as of late, many Nigerians are managing, as things get increasingly expensive in the market.

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]]> https://nairametrics.com/2023/10/28/rising-cost-of-living-9-ways-to-thrive-in-nigeria/feed/ 4 470244 Credit cards are a necessary evil https://nairametrics.com/2023/10/27/credit-cards-are-a-necessary-evil/ https://nairametrics.com/2023/10/27/credit-cards-are-a-necessary-evil/#respond Fri, 27 Oct 2023 08:44:24 +0000 https://nairametrics.com/?p=470101 Credit cards are necessary evil and this article talks about the do, donts, as well as the necessary things to learn to use them adequately.

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]]> https://nairametrics.com/2023/10/27/credit-cards-are-a-necessary-evil/feed/ 0 470101 Five not so obvious signs your finances are suffering https://nairametrics.com/2023/10/25/five-not-so-obvious-signs-your-finances-are-suffering/ https://nairametrics.com/2023/10/25/five-not-so-obvious-signs-your-finances-are-suffering/#comments Wed, 25 Oct 2023 05:38:34 +0000 https://nairametrics.com/?p=469793 Cancerous cells can develop unnoticed for years and spread across different organs in the human body. Most often, they aren’t properly diagnosed and when the disease is discovered it’s already probably too late.

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]]> https://nairametrics.com/2023/10/25/five-not-so-obvious-signs-your-finances-are-suffering/feed/ 1 469793 How to open a domiciliary account in Nigerian banks  https://nairametrics.com/2023/10/18/how-to-open-a-domiciliary-account-in-nigerian-banks/ https://nairametrics.com/2023/10/18/how-to-open-a-domiciliary-account-in-nigerian-banks/#comments Wed, 18 Oct 2023 11:59:31 +0000 https://nairametrics.com/?p=469112 With the rising value of the dollar against the naira, many Nigerians are now looking for opportunities to earn foreign currencies, even while still in Nigeria. Fortunately, the gig economy and the growing remote work landscape are making that easier.  

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]]> https://nairametrics.com/2023/10/18/how-to-open-a-domiciliary-account-in-nigerian-banks/feed/ 3 469112 Should you quit your job for your passion?  https://nairametrics.com/2023/10/09/should-you-quit-your-job-for-your-passion/ https://nairametrics.com/2023/10/09/should-you-quit-your-job-for-your-passion/#respond Mon, 09 Oct 2023 05:41:17 +0000 https://nairametrics.com/?p=467949 John belonged to the choir from a young age; he's always been fascinated with musical instruments and has a vivid picture of himself ' shutting down shows' and going on music tours when he grows up.

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]]> https://nairametrics.com/2023/10/09/should-you-quit-your-job-for-your-passion/feed/ 0 467949 5 Classic Finance Movies Worth Watching https://nairametrics.com/2023/09/29/5-classic-finance-movies-worth-watching/ https://nairametrics.com/2023/09/29/5-classic-finance-movies-worth-watching/#comments Fri, 29 Sep 2023 10:53:01 +0000 https://nairametrics.com/?p=467049 When it comes to finance and investing, there are several films that not only captivate audiences but also offer valuable lessons in economics, business, and personal finance.

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]]> https://nairametrics.com/2023/09/29/5-classic-finance-movies-worth-watching/feed/ 2 467049 10 Signs You Are Not Ready For Wealth https://nairametrics.com/2023/09/29/10-signs-you-are-not-ready-for-wealth/ https://nairametrics.com/2023/09/29/10-signs-you-are-not-ready-for-wealth/#comments Fri, 29 Sep 2023 10:51:04 +0000 https://nairametrics.com/?p=467048 The ability to gain wealth often depends on one’s ability to build meaningful and strong relationships. No one can go far without nurturing a buoyant social network.

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]]> https://nairametrics.com/2023/09/29/10-signs-you-are-not-ready-for-wealth/feed/ 5 467048