Mortgages represent loans used to maintain or buy land, home, or other sorts of real estate. For mortgages, the borrower signs an agreement to fully repay the lender under a specific period, usually in regular installments divided into interest and…
Nigeria is considered a populous black nation and dubbed “Africa’s Giant,” is rich in human and natural resources, with many of its potential untapped or underutilized. Nigeria is full of opportunities for anyone wanting to invest, from the southern part,…
Borrowing from family, friends, and co-workers is common among low-income employees, especially when their take-home allowance is depleted before the month ends or their monthly salary is delayed beyond expectation. Borrowing isn’t necessarily a terrible thing if it’s necessary, but…
In Nigeria, the term “credit score” isn’t commonly used in everyday conversation. However, the word is frequently used in other nations and in particular situations where a bank loan is sought. This post will look at what a credit score…
Anyone who has even a tangential interest in real estate has come across the terms mortgage and home equity. They are two debt instruments that are regularly used by homeowners around the world, and if used wisely, they can form…
How can I pay for rent, food, insurance, health care, debt repayment, and enjoyment without running out of money if my take-home wage is $2,000 each month? That’s a lot to cover in such a short amount of time, and…
Inflation reduces the purchasing power of currency units, causing prices of services and goods to increase over time. It’s a financial word that says you’ll have to pay extra to fill your gas tank, purchase a gallon of milk, or…
One of several choices for passing property, money, and other valuables to members of your family or charitable causes is to set up a trust fund. It might be tough to decide whether to create a trust fund account and…
Learning to save for both the short and long term can provide your adolescent with valuable life skills and get them started on the road to financial stability. There are several reasons for a Nigerian teen to save and invest…
When you’re young, saving money can appear to be an impossible task. It’s easy to think of your paycheck as a way to get by month to month rather than a way to prepare for the future and save for…