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Nenye The Money Diva, Satellite, Town, Lagos (2026)

31/08/2026

You Have ₦10 Million To Invest. Where Would You Put It? Read The Post👇

Let me put you on the spot for a minute.

Someone gives you ₦10 million today and says you cannot spend it. You have to invest it.

Your two choices are:

Keep the ₦10 million in a fixed deposit

OR

Convert it to dollars and invest in dollar-denominated stocks.

Which one are you picking?

The fixed deposit option feels safer because you know your money is earning interest and you are not watching the value of your investment jump up and down every day.

But there is something else to think about.

While your ₦10 million may be increasing in naira, what happens to its purchasing power if inflation rises or the naira loses value?

Now look at the dollar investment.

You get exposure to the dollar and to companies outside Nigeria. If those investments grow over time and the dollar appreciates against the naira, your investment could potentially become worth significantly more in naira terms.

But don't forget the other side.

Stocks can fall.

Your dollar investment is not guaranteed to grow simply because it is in dollars. The companies can perform badly, markets can crash, and you could lose money, especially if you invest without understanding what you're buying.

So, if you ask me which one is automatically better, I won't give you a simple answer.

The right investment depends on what the money is for.

If I need the money relatively soon and my priority is stability and predictable returns, fixed income may make more sense.

If I am investing for the long term and want to diversify outside the naira, dollar-denominated investments become much more interesting.

And guess what?

You don't always have to choose one.

You can spread your money across different investments based on your goals, risk tolerance and how long you can leave the money invested.

Because building wealth isn't about finding one magical investment.

It's about putting your money in the right places for the right reasons.

Now I want to hear from you.

If ₦10 million landed in your account today, which would you choose?

Fixed deposit or dollar stocks?

And please don't just say “fixed deposit” or “dollar stocks.”

Tell me why.

If you enjoy practical conversations about saving, investing and building wealth in Nigeria, follow Nenye The Money Diva. I break money matters down so you can make better financial decisions with the money you have.

Follow for more money lessons. Your future self will thank you.

31/08/2026

Your Fixed Deposit Is Working For The Bank More Than It’s Building Your Wealth... Here's Why👇

Your Fixed Deposit Is Growing. But Is Your Wealth Growing?

Let me say something that may make some people uncomfortable:

Putting money in a fixed deposit and earning interest does not automatically mean you are building wealth.

A fixed deposit can be useful. In fact, there are situations where it makes perfect sense.

But many people stop at the interest rate and think, "My money is safe, so I'm investing."

Not necessarily.

Imagine you have ₦10 million.

You put it in a fixed deposit, lock it away for a period and receive interest.

Your bank statement may look better when you come back.

But during that same period, food prices may have increased, rent may have gone up, school fees may have risen and the naira may have lost more purchasing power.

So while your balance increased, what that money can actually buy may not have increased by the same amount.

That is why building wealth requires you to look beyond the amount of interest you're receiving.

Ask yourself:

What is my money supposed to accomplish?

Do I need to preserve it for a short period?

Do I need regular income?

Do I want long-term growth?

Am I protecting my purchasing power?

These are different financial goals, and they may require different strategies.

So I'm not saying, "Don't use fixed deposits."

I'm saying don't mistake a financial parking space for a complete wealth-building strategy.

Your bank has a business model.

Your money is part of that business.

You also need a financial plan that puts your money to work for your own goals.

The goal isn't simply to see more money in your account.

The goal is to build money that can continue to work for you.

That is the difference between saving money and intentionally building wealth.

This is Building Wealth With Chinenye.

Follow Nenye The Money Diva for simple, practical conversations about money, investing and building wealth in Nigeria.

Tag someone who needs to hear this before locking up their next ₦1 million. 👇🏽

31/08/2026

Why Smart Nigerians Are Putting Their Money In Mutual Funds

You don't need to be a stock market expert before you start investing.

You don't need millions of naira sitting in your account either.

This is one reason I like mutual funds as an option for people who want to start building wealth gradually.

A mutual fund allows many investors to pool their money together, while a professional fund manager invests the pooled money according to the fund's strategy.

So, instead of trying to decide which individual stocks, bonds or other assets to buy yourself, you are investing through a professionally managed portfolio.

Here are some reasons you should consider mutual funds:

1. You Can Start With Smaller Amounts

You don't have to wait until you have ₦5 million or ₦10 million before you start investing.

Many mutual funds allow investors to start with relatively small amounts and build their investment over time.

2. Your Money Can Be Diversified

Instead of putting all your money into one investment, a fund may spread it across several assets.

Diversification can help reduce the impact of one investment performing badly.

3. Professionals Manage The Portfolio

If you don't have the time or expertise to research companies, bonds and other investments every day, a mutual fund gives you access to professional fund management.

4. You Can Build Wealth Gradually

You can invest consistently every month instead of waiting for the "perfect" time or a huge amount of money.

For example, investing ₦100,000 every month and allowing your returns to compound can become significant over many years.

The secret isn't always how much you start with.

It's how consistently you invest and how long you stay invested.

5. There Are Different Types To Choose From

There are money market funds, bond funds, equity funds, balanced funds and other types of mutual funds.

That means you can choose a fund based on your goal, risk tolerance and investment horizon.

But please don't invest in a mutual fund simply because someone says it is "giving 20%."

Returns are not guaranteed in most investments.

Before investing, understand what the fund invests in, its fees, historical performance, risk level, minimum investment, withdrawal terms and who regulates it.

And remember:

A mutual fund is a vehicle for investing, not a magic machine for creating wealth.

Your biggest advantage is often time, consistency and compounding.

Start where you are. Invest what you can afford. Keep learning. Increase your investment as your income grows.

This is how you move from simply earning money to putting your money to work.

Follow Nenye The Money Diva for practical money and investment education that helps you make better financial decisions.

31/08/2026

Nigeria Received $947 Million From Nigerians Abroad In July — Here’s Why It Matters

Nigeria just recorded a major milestone in money coming into the country from Nigerians living abroad.

In July 2026 alone, Nigeria received $947 million in remittances through formal channels.

That is the highest monthly inflow ever recorded through International Money Transfer Operators (IMTOs).

And Nigeria came very close to the Central Bank of Nigeria’s $1 billion monthly remittance target — just $53 million short.

But why should you care?

Because remittances are not just money being sent home to families.

They are also an important source of foreign exchange for Nigeria.

When Nigerians abroad send dollars and other foreign currencies through formal channels, that money enters the regulated financial system.

This can help improve foreign exchange liquidity and transparency and support families and businesses receiving the funds.

And the growth has been significant.

Between January and July 2026, Nigeria recorded $3.8 billion in remittance inflows through IMTOs.

That is 50.2% higher than the same period in 2025.

The CBN says reforms to make formal remittance channels more competitive, accessible and transparent have contributed to the increase.

These include changes to the regulatory framework for IMTOs, the move towards a more market-determined exchange rate and the introduction of the Non-Resident BVN (NRBVN).

Now, here is the part I find most interesting.

The goal is no longer simply to hit $1 billion in one month.

The bigger goal is to sustain monthly inflows above $1 billion.

If Nigeria can consistently attract more diaspora money through formal channels, it could strengthen the supply of foreign currency coming into the financial system.

So, when you hear that Nigerians abroad sent $947 million home in July, don't just see it as a big number.

See it as foreign currency entering Nigeria, families receiving support, businesses getting funds and more money flowing through the formal financial system.

Nigeria is now just $53 million away from the $1 billion monthly mark.

Let’s see if we can sustain the momentum.

I’m Nenye The Money Diva, helping you understand the money behind the headlines.

Follow me for more financial education, economic updates and money tips you can actually use.

31/08/2026

Moniepoint Spent Millions In The UK. Now It’s Pulling Out... Here's Why

Yes, you read that correctly.

Moniepoint has announced that it is suspending MonieWorld, its UK-based remittance business, and redirecting its resources to its core African markets.

But here is the part that makes this story interesting:

Moniepoint had already spent millions building the UK business.

The company said it spent about £1.2 million setting up its UK operations, covering administrative costs, technology infrastructure and compliance staffing.

Then, in July 2025, Moniepoint secured a $2.5 million equity deposit to acquire Bancom Europe Ltd, a UK Financial Conduct Authority-authorised electronic money institution.

That acquisition helped provide the foundation for MonieWorld, which launched in April 2025 to enable Nigerians in the UK to send money directly to Nigerian bank accounts.

And the business was actually gaining traction.

Moniepoint said monthly transaction volume among UK diaspora users increased by 70%, with customers making payments using cards, Apple Pay and Google Pay.

So why leave?

According to Moniepoint, after reviewing its portfolio and long-term priorities, it decided to redirect its technical, capital and operational resources towards its primary African markets.

And this is where the real business lesson comes in.

Growth alone is not enough.

A business can be growing and still not be the best place to keep deploying capital.

Sometimes, you have to look at what you have invested, what you are getting in return, what the future looks like and where that same money could create greater value.

This is something investors should understand too.

If you bought an investment for ₦5 million and it is no longer meeting your expectations, the fact that you have already put ₦5 million into it should not be the only reason you continue holding it.

Your question should be:

“If I had this money today, would I still put it here?”

If the answer is no, then you may need to rethink the investment.

Moniepoint says its next phase will focus on products, infrastructure and markets that strengthen African businesses.

The company says it currently helps more than 20 million businesses and individuals access financial services monthly and processes more than $250 billion in digital payment transaction value annually through its subsidiaries.

So, I wouldn't simply look at this as “Moniepoint failed in the UK.”

I see a bigger lesson:

Knowing when to stop, redirect capital and focus on a stronger opportunity is also part of building wealth and building a successful business.

Sometimes, walking away from an investment is not failure.

Sometimes, it is capital discipline.

What do you think about Moniepoint's decision to pull out of the UK remittance market?

Would you have continued investing because the business was growing, or redirected the money to a market with stronger strategic opportunities?

Follow Nenye The Money Diva for more money, business and investment conversations you can actually learn from.

31/08/2026

Government Bonds Vs Treasury Bills: What’s The Difference?

A lot of Nigerians hear “government securities” and assume Government Bonds and Treasury Bills are the same thing.

They are not.

Both are ways of lending money to the government and earning interest, but they differ mainly in how long your money is locked in, how they pay returns, and what they are designed for.

1. Treasury Bills — Short-Term

Treasury Bills, commonly called T-Bills, are short-term government securities.

In Nigeria, they typically have maturities of 91 days, 182 days or 364 days.

You buy them at a discount and receive the face value when they mature.

For example, you could buy a T-Bill for less than ₦1 million and receive ₦1 million at maturity. The difference represents your return.

2. Government Bonds — Long-Term

Government Bonds are designed for longer-term borrowing.

Depending on the particular bond, maturity can run for several years.

Unlike T-Bills, government bonds generally pay periodic interest, known as coupon payments, to investors, while your principal is repaid when the bond matures.

So if you buy a ₦1 million bond with a 12% annual coupon, you could receive interest payments according to the bond's payment schedule, while the ₦1 million principal remains invested until maturity.

Here’s The Simple Difference:

Treasury Bills: Short-term.

Government Bonds: Long-term.

T-Bills: Usually bought at a discount and redeemed at face value.

Bonds: Usually pay periodic coupon interest.

T-Bills: Suitable for money you may need within months.

Bonds: More suitable for longer-term investing.

And here is something many people don't realise:

You don't necessarily have to hold a government bond until maturity.

Depending on the security and market conditions, you may be able to sell it in the secondary market before maturity. But the market price can be higher or lower than what you originally paid.

So, don't just ask:

“Which one pays more?”

Ask:

“When will I need this money, what return am I getting, and what level of price risk am I comfortable with?”

That is how you start thinking like an investor, not just a saver.

If this helped you understand the difference, follow Nenye The Money Diva for more simple money and investment lessons.

And tag someone who still thinks Treasury Bills and Government Bonds are the same thing.

30/08/2026

3 NGX Stocks That Quietly Outperformed The Dollar This Year — And Few People Are Talking About Them

Everybody is talking about the dollar.

"Buy dollars."

"Keep your money in dollars."

"Protect yourself from the naira."

And honestly, I understand why.

But here is something interesting happening on the Nigerian Exchange that deserves your attention.

While the naira has actually strengthened against the dollar this year, some Nigerian stocks have delivered returns that are in a completely different league.

Here are 3 that caught my attention.

1. R.T. Briscoe Plc

This is probably not the first name that comes to mind when you think about wealth creation on the NGX.

But R.T. Briscoe started 2026 at ₦3.50 and rose to ₦11.60 by August 14.

That is a whopping 231.43% gain year-to-date.

And there was something else behind the rally.

Its H1 2026 revenue rose 50.70% to ₦24.60 billion, while profit after tax jumped 140.95% to ₦801 million.

So in this case, the huge share-price increase came alongside a significant improvement in the company's financial performance.

2. Berger Paints Plc

Berger Paints started the year at ₦48 and climbed to ₦147.60 by August 14.

That's a 207.50% year-to-date gain.

And again, the business wasn't standing still.

H1 2026 revenue increased 13.36% to ₦10.35 billion, while profit after tax rose 33.35% to ₦1.25 billion.

By August 28, Berger was still trading at ₦147.60.

3. Premier Paints Plc

Now this is where you need to be careful.

Premier Paints started the year at ₦10 and rose to ₦30.40 by August 14.

That's a 204% year-to-date gain.

But unlike Berger and Briscoe, the company's earnings don't tell the same impressive story.

H1 2026 revenue grew 8.65%, but the company recorded a ₦8.07 million loss after tax, compared with a ₦1.14 million profit in H1 2025.

In other words, the share price tripled even while profitability weakened.

And THAT is exactly why you should never buy a stock simply because the price has gone up.

Now let's bring the dollar into the conversation.

On August 28, the CBN's central exchange rate was about ₦1,336.79 to $1, with the official rate around ₦1,337.29/$1.

So if your strategy this year was simply to hold dollars, you were primarily protecting your wealth against currency movements.

But these three stocks delivered gains of more than 200% in naira terms.

That is the difference between a currency hedge and a productive asset.

But please don't misunderstand me.

I'm NOT saying:

"Stop buying dollars."

I'm saying:

Don't let "buy dollars" become your entire investment strategy.

Your money can be diversified across different assets depending on your goals, risk tolerance and investment horizon.

And here's another lesson from Premier Paints:

A stock can rise 200% and STILL not automatically be a good investment at today's price.

You have to ask:

Is the business growing?

Are profits growing?

Is the stock fairly valued?

Is there enough liquidity?

What is driving the price?

And most importantly...

Am I buying the business because I understand it, or because everybody is shouting "buy"?

Past performance is not a guarantee of future returns.

These figures are historical price returns, not a recommendation to buy any of these stocks.

But they do prove one thing:

There is more to building wealth in Nigeria than simply buying dollars.

Follow Nenye The Money Diva for practical conversations about money, investing and building wealth.

And tag someone who thinks buying dollars is the only way to protect and grow money in Nigeria.

30/08/2026

The CBN Just Pulled ₦4.72 Trillion From The Banking System. Here’s Why You Should Care👇

If you’ve been wondering why fixed-income investments are still offering attractive returns, pay attention to what the CBN is doing.

Between August 26 and 27, the Central Bank of Nigeria mopped up a whopping ₦4.72 trillion from the financial system through four Open Market Operations (OMO) auctions.

And guess what?

Investors were fighting to get in.

The CBN offered a combined ₦2 trillion, but investors submitted bids worth ₦8.62 trillion.

That means investors were trying to buy more than four times the amount available.

Why?

Because the yields were attractive.

The four OMO instruments cleared at:

• 96 days — 19.85%
• 97 days — 19.90%
• 132 days — 19.65%
• 152 days — 19.32%

The interesting part is that the shortest-tenor instruments actually offered the highest yields.

But there is another side to this story.

While the CBN was taking ₦4.72 trillion out through OMO sales, about ₦4.3 trillion was flowing back into the financial system through repayments on maturing government securities.

After accounting for other primary-market activity, the estimated net liquidity withdrawal was about ₦1.185 trillion.

So what does this mean for you?

It tells you something important:

There is still strong demand for Nigerian fixed-income instruments.

Banks, institutions and other eligible investors are willing to lock money into government securities because the returns remain attractive relative to many traditional savings options.

And this is where you need to start paying attention.

If your money is sitting idle in a regular savings account earning very little while you are complaining that “investment is not for me,” you may be leaving opportunities on the table.

There are different ways to participate in the fixed-income market depending on your amount, risk tolerance, investment horizon and eligibility.

You don't necessarily need millions before you start learning about Treasury Bills, money market funds, government bonds and other fixed-income options.

But please don't see 19.90% and immediately conclude that you will receive 19.90% cash in your account after 97 days.

These are annualised yields, and the actual return depends on the instrument, price, tenor, fees and how you access it.

Also, higher yield does not automatically mean “better investment.”

Your investment decision should consider:

How long can I lock my money?

When will I need the money?

What is my risk tolerance?

What is the actual return after costs?

Does this investment fit my financial goal?

This is how you move from simply saving money to deliberately building wealth.

The market is giving you signals.

Your job is to understand them before putting your money anywhere.

Follow Nenye The Money Diva for more simple breakdowns of Nigeria’s investment market, so your money can start working as hard as you do.

And tag someone who still thinks investing is only for the rich.

30/08/2026

3 Things Your Bank Won’t Tell You About Your Savings Account

Your money is sitting in your savings account. You feel safe because it is there, available and protected from your own spending.

But here are 3 things you need to understand:

1. The money in your account can lose purchasing power even when the balance is increasing.

If you have ₦2 million in your account today and ₦2 million next year, you may feel like your money has remained intact.

But if prices have risen significantly, that same ₦2 million may no longer buy what it used to.

Your account balance can remain the same while your purchasing power falls.

2. Your savings account is not automatically a wealth-building vehicle.

A savings account is useful for keeping money accessible, building an emergency fund and handling short-term financial needs.

But if you keep every naira you have in an account that earns little interest for many years, you may be preserving money without meaningfully growing it.

There is a difference between keeping money safe and putting money to work.

3. Not every naira has the same job.

Money you will need next month should not be invested like money you won't touch for 10 years.

Instead of asking, “Where should I keep my money?”

Ask:

“What job is this money supposed to do?”

Emergency money needs liquidity.

Short-term money needs stability.

Long-term money needs an opportunity to grow.

The goal is not to empty your savings account and start investing blindly.

The goal is to stop treating every naira as if it has the same purpose.

Saving is important. But knowing what to save, where to keep it and when to move from saving to investing is where financial intelligence comes in.

If you want more practical money lessons that can help you make better financial decisions, follow Nenye The Money Diva.

30/08/2026

Money Market Vs Treasury Bills: Which Is Better For Building Wealth?

If you have ₦1 million sitting in your bank account and you want it to start working for you, you may have come across two popular options:

Money Market Funds and Treasury Bills.

But which one is actually better?

The answer is: it depends on what you want your money to do.

1. Money Market Funds

A money market fund pools investors’ money and invests in relatively short-term, interest-bearing instruments such as Treasury Bills, commercial papers and fixed deposits.

The biggest attraction?

Flexibility.

You can generally invest with a relatively small amount, add money regularly and redeem your investment according to the fund’s rules.

This can make money market funds particularly useful for people who are building their wealth gradually and want somewhere better structured than a regular savings account for short-to-medium-term cash.

2. Treasury Bills

Treasury Bills are short-term debt securities issued by the Federal Government through the Central Bank of Nigeria.

When you buy a Treasury Bill, you are essentially lending money to the government for a specified period.

They are commonly issued with short maturities, and the return comes from buying the bill at a discount and receiving the face value at maturity.

The catch?

They are less flexible than a money market fund.

Depending on how you buy them, you may need to commit your money for the tenor, and accessing the investment before maturity may not be as straightforward as redeeming units of a money market fund.

So, Which One Should You Choose?

If your priority is flexibility, regular contributions and easy access to your money, a money market fund may be more suitable.

If your priority is locking money away for a defined period and investing directly in a government security, Treasury Bills may be attractive.

But here is the part many people miss:

You don't necessarily have to choose only one.

You can use both as part of your wealth-building strategy.

For example:

Your emergency/near-term cash could sit in an appropriate money market fund, while money you know you won't need for a specific period could be allocated to Treasury Bills.

And please don't choose based on whoever is advertising the highest interest rate.

Look at the current yield, fees, tax implications, tenor, minimum investment, liquidity and how the investment actually works.

Because building wealth isn't about chasing every investment with the highest return.

It's about putting the right money in the right investment for the right purpose — and doing it consistently.

If you’re learning how to make your money work harder, follow Nenye The Money Diva for practical money and investment education.

And tell me in the comments:

Money Market Fund or Treasury Bills — which one do you currently prefer, and why?

Nenye The Money Diva

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