December 24, 2024

47 thoughts on “How To Start Investing For Beginners in Nigeria (Investment Banker Explains)

  1. Hi everyone! I'm new to Bitcoin trading and have watched numerous videos and tried various strategies, but I haven't had any success. Can anyone recommend a reliable expert who can trade on my behalf and help me earn profits?

  2. Let's assume you invested N898,000 in the Nigerian stock market on January 1, 2024. Based on the exchange rate on that date, this would amount to $1000. According to your post, the US market would have yielded 16% at the time of recording and the Nigerian stock market 30%. So my $ investment would be $1,160 in value and Nigerian investment N,1,167,400.. Let's assume a conservative N,1500/$1 FX rate, the Nigerian investment would be worth $778. So, while the market is returning 30%, the profit is completely wiped out by FX, dropping 22.2% (on US dollar basis). That's the challenge foreign investors face and I think until we have a stable Naira, many foreign investors will be skeptical. This wouldn't matter much if we weren't an importing nation!

  3. I really appreciate your efforts! I have a quick question: My OKX wallet holds some USDT, and I have the 12 words seed phrase. (( hollow sound same mercy asthma property exchange topple buddy need vault foster )). How can I transfer them to Binance need some trx20 gas fees?

  4. I have watched some videos on YouTube and also done personal research but am still unsure, I have $5k to invest I was doing well with my demo account with the little knowledge I gathered on YouTube, immediately I funded my account with $1k I lost everything with a twinkle of an eye, it's really painful losing your had earn money trying to look for money. Any advice or recommendations please

  5. It has been a pleasure knowing you for whom you are straightforward, down to earth on the financial knowledge I have been quite impressed with you. Can I get in touch with you via your email as I live in diaspora?

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