This article first appeared in our newsletter on Sunday, 7, September 2025. Subscribe to know where your money should be. All figures have been updated. For many Nigerian investors, the term “stock market” brings to mind two extremes: the dizzying heights of a bull run or the gut-wrenching fear of a crash. But the market…

First, Some Context: The Retail Crowd Is Here, and It’s Loud Between January and June 2025, retail investors accounted for 39.3% of all domestic transactions on the Nigerian Exchange, outpacing institutional investors who came in at 32.5% (NGX Domestic & Foreign Portfolio Report, June 2025). That’s not just a stat, that’s a story. And the…

In Nigeria, wealth often feels like a race. Tech bros chase funding rounds. Crypto traders sprint between pumps. Real estate speculators talk in square meters to sound sophisticated. But in 2021, I took a different route. I was a student with a ₦32,000 monthly allowance. My entry into investing didn’t come from a finance seminar…