The Widow and the Jars of Oil – Lesson 3

We move to the third verse. “Then borrow many pots and pans from your friends and neighbours!” he instructed. – II Kings 4:3 (LB) This speaks about leverage and relationships. Interestingly, the original problem was a debt problem, now the solution involves more debt. There’s many approaches to debt – some think it’s a sin,Continue reading “The Widow and the Jars of Oil – Lesson 3”

The Widow and the Jars of Oil – Lesson 2

We move to the second verse. “What shall I do?” Elisha asked. “How much food do you have in the house?” Nothing at all, except a jar of olive oil, ” she replied. – II King 4:2 (LB) What came to mind here is this – it isn’t just about resources or the lack thereofContinue reading “The Widow and the Jars of Oil – Lesson 2”

Negative crude oil, what happened there?

Perhaps, we can try to put yesterday’s negative oil story in proper context. There are different types of crude oil and crude oil contracts, which is typically based on the quality of the crude. There are two main types: Brent and WTI. Some others include Bonny Light, Qua Iboe etc.. It was just the WTIContinue reading “Negative crude oil, what happened there?”

Are we heading into a recession?

That’s one of the big questions out there. Understanding the GDP would help answer that question. If you are a maths person: GDP = Household Consumption (C) + Business Investment (I) + Government Spending (G) + Exports (X) – Imports (M) Now, there are two main issues the economy is facing right now: The declineContinue reading “Are we heading into a recession?”

Directory of Stockbrokers in Nigeria with an Online Trading Portal

Did you know we have over 200 securities brokerage firms in Nigeria? Ye, they are that many. If you want to buy/sell stocks and bonds in Nigeria, you’d need to open a brokerage account with a stockbroker that is a dealing member of the Nigerian Stock Exchange (NSE). Interestingly, in recent years, we’ve also seenContinue reading “Directory of Stockbrokers in Nigeria with an Online Trading Portal”

Articles Worth Sharing

We will share the link to blog post from around the interweb that we think is worth your reading time. April 05, 2020Why Most People Will Never Be Good at Investinghttps://bit.ly/2UMqzMV April 16, 20207 people confess the biggest mistakes they made during the last recession — and how they’ll protect themselves next timehttps://bit.ly/2z98WP3 April 25,Continue reading “Articles Worth Sharing”

The Side Effects of Social Distancing

First off, we all need to take seriously the social distancing guidelines issued by the government. The health and lives of many people depend on it.__Asides from the current social and economic effects of the corona virus, there would be aftereffects. For instance, would we be surprised to see a baby boom in the nextContinue reading “The Side Effects of Social Distancing”

How to Allocate your Monthly Salary

Remember the popular 50.30.20 budget? Do you feel it’s appropriate for you? Last weekend, someone in the Tribe asked why he should allocate only 20% of his salary to savings/investments. He felt it was too small. I just want to point out that the 50.30.20 budget is only a guide. You can spin it anyhowContinue reading “How to Allocate your Monthly Salary”