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Big Picture LATEST
The Milo Tin That Owed More Than It Owned
Nestle Nigeria listed its shares in 1979 and paid dividends for decades. In 2023 the naira's collapse pushed it into negative equity, owing more than everything it owned. This is the 47-year story of how a blue chip broke, and what it repaired first.
Saving and investing
The Rate Cut and Your Savings: What 23% Does to Your T-Bills, Your Fund and Your Account
The Central Bank cut its benchmark rate by three and a half percentage points on 22 September 2026. What that changes depends on which of the three doors your money is sitting behind, and one of them barely moves at all.
Saving and investing
The Government Pays 16%. Your Fund Pays 15%.
Your bank app offers you a Treasury bill at nearly 16% and a money market fund at just over 15%. Both are, at bottom, lending to the same Federal Government. The difference is not the money. It is the wrapper.
Saving and investing
Monthly Naira Savings: What You Put In and What Actually Grows
A bigger balance can come from your own deposits, investment growth, or both. A worked example helps you tell them apart.
Big Picture
One Plot, Two Families, and the Paper That Decides
Every diaspora family knows the plot bought back home that was never quite finished. Lagos made selling one plot twice a crime in 2016. The receipts still multiply, because a receipt was never the thing that proves ownership.
Big Picture
The Queue Is Now a Counter
For forty years Nigerians queued for petrol because the refineries never worked. Today the refinery that finally worked opens its shares to the public. The line did not disappear. It changed shape.
Big Picture
The Window That Opens for Six Weeks
Between 2024 and 2026, Nigerian banks raised 4.65 trillion naira, much of it by turning first to the people who already owned the shares. A rights issue is the one letter a shareholder cannot afford to miss. This is how it actually works.
Big Picture
The Week Washington Sneezed
On 2 April 2025, a tariff announced in Washington that did not even touch Nigerian oil still knocked the naira past 1,600 within days. The pipes that carried it are still there. So is a new twist.
Big Picture
The Week the Money Did Not Come
In April 2020, remittances to Nigeria fell by half in a single month. A crisis that started in America reached a kitchen in Owerri before the lockdown ended. The map of that month is still the one to watch.
Big Picture
Nigeria's Gold Hit a Record. Nigeria Did Not Move.
In March 2026 the country's gold reserves were valued at 3.5 billion dollars, a national record. The bars themselves have barely changed in twenty-five years. What a price record really is, and the one question worth asking of any balance, including yours.
Big Picture
One Tesla Share, Three Naira Prices
An American share has one price in dollars. From Nigeria it collects three: the official rate, the parallel rate, and the one your app actually gives you. The third is the only one that matters, and there is a way to see it.
Big Picture
The Carmaker Every Nigerian Knows. The Share Nobody Can Buy.
From a Nnewi spare parts stall to a factory that builds Nigerian cars, Innoson is the brand people point to when they say Nigeria can make things. On the stock exchange, it still does not exist.
Big Picture
The Month the Transfer Did Not Come
A generation of Nigerian households quietly runs on money sent from abroad. In June and July 2026, nearly 1,500 Nigerians were evacuated from South Africa, and some of those transfers stopped. What the money home actually is, and what happens when it pauses.
Big Picture
Ten Days Ago, Nigeria Changed the Rules on Crypto
After five years of trying to ban a market that refused to die, the government joined it. What the July 17 Executive Order on Virtual Assets actually changes for an ordinary holder.
Basics
Your Parents Lost Everything in 2008. Their Children Are Buying Stocks Anyway.
A generation that watched the 2008 crash wipe out their parents is now the fastest-growing group of investors on the Nigerian Exchange. What is actually different this time, and what is not.
Big Picture
The Films You Grew Up On Were Property All Along
Nigeria makes about 2,500 films a year and lists zero film companies on its stock exchange. This July, the industry started treating its old films like the asset they always were.
Priorities
Retirement Account First, or Home? The Question Every Diaspora Nigerian Asks
There's a decision framework worth working through here, and it is not about which country you love more.
Diaspora access
Do You Still Need to Fly Home to Open a Nigerian Investment Account?
A new digital process changed the old answer. Here is what it actually lets you do.
Big Picture
The Naira Moved Again This Week. Here Is What Changes for Your Money.
Macro, translated into what to actually do.
Big Picture
The 2014 Oil Crash: How Two Years Cut the Naira in Half
Oil fell from 112 to below 30 dollars, but three central bank decisions between 2014 and 2016 are what cut Nigeria's currency in half.
Big Picture
Inflation Fell to 16% and the Naira Savings Math Finally Flipped
Safe naira yields now sit above the official inflation rate for the first time in years, but the flip looks different at home and abroad.
Two currencies
The ISA, the TFSA, the 401k. And Then: Wetin Happen to Back Home?
Two countries, two currencies, one financial life.
Big Picture
Where Nigeria's ₦20 Trillion in Pension Money Actually Goes
A map of the country's biggest savings pool, from government bonds to NGX shares, and what it means for savers at home and those of us abroad.
Big Picture
The 2023 Naira Redesign: How Nigeria's Cash Vanished in 8 Weeks
Cash in circulation fell from 3.2 trillion naira to under 1 trillion in weeks. Here is what broke, and what it taught savers at home and abroad.
Investing
Same NGX Licence, Four Businesses: How Nigerian Brokers Make Money
Stanbic IBTC, Meristem, CardinalStone and Coronation charge similar commissions but run very different businesses, and that decides who each serves best.
Access
Your Bank App Was Already Selling You a Mutual Fund
The button was there all along. Here is where to find it, and what it actually buys.
Basics
What Is a Share, Actually?
No oversabi. The first definition you need, explained once, properly.
Sending money
The Real Cost of Sending Money Home Is Not the Fee You See
The exchange rate is doing more work than the transfer charge.
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