Economy
5 Ways Any Nigerian Can Become Financially Stable
By Nkem Ndem
With the current state of the economy in Nigeria, many people are finding it rather hard to stay in control of their finances and maintain a measure of stability. A number of them have either had to change their lifestyle or have gotten into debt to salvage their situation in a bid to stay stable; but have failed to achieve financial security.
The truth is simple, getting your finances stable and becoming financially successful requires the development of good financial habits.
We at Jumia Travel have been researching this dilemma and we have come up with a number of solutions. We therefore list 5 ways any Nigerian looking to be financially stable can achieve his or her goal.
Desist from impulse spending
Discipline is very important when it comes to finance, especially if you are looking to be secure in this aspect. A huge problem that most Nigerians battle with is impulse spending. Nigerians generally love to have fun and treat themselves with eating out and shopping and online purchases. Unfortunately, these activities, while they may offer pleasure, can easily be a huge drain on finances. To remain financially stable, Nigerians need to discipline themselves and avoid spending money either on impulse or on unnecessary things.
Save or invest
It’s amazing that a large number of Nigerians who look well-to-do do not have any form of savings. If your goal is to be financially stable, saving and investing should be your top priority. Have a set amount automatically transferred from your checking account to your savings every month and set it in such a way that you do not have easy access to it except in the case of emergencies or you want to invest it.
Keep tabs on your expenses
This may seem tedious, but it is very essential. Ensure you keep track of your expenses. Record your expenses in a diary and always calculate it to know how you’re spending your money, and see what you can cut out or reduce.
Ensure you pay bills immediately
A good way to maintain financial security is to pay bills immediately they come in. If it is a bill that you have to pay monthly or regularly, you can arrange with your bank for regular automatic payments. This way, all of your regular expenses in your budget are taken care of.
Stay away from debt
There is a famous adage that goes “he that goes a borrowing, goes a sorrowing.” No matter your situation, make up your mind not to borrow or go into debt. Try to cut your coat according to your material. If you are already in debts, list them out and arrange them in order from smallest balance at the top to largest at the bottom. Then focus on the debt at the top, putting as much as you can into it, until it is all paid off. Then you can start on a fresh slate.
Nkem Ndem is a PR Associate at Jumia Travel.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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