Economy
How to Make Money as a Writer
By Emmanuel Udom
The coming into existence of computers and the internet has indeed reduced our world to a global family. Every profession and vocation has therefore gone online.
These days, it is common to hear words like e-commerce, e-books, e-banking, e-governance e-relationship and of course, e-marriage.
This is indeed a digital age, where with a click of the mouse, you can successfully seal a business deal; get information, network for friendship, marriage etc.
Reflect deeply on what I am about to tell you here. Are you a medical doctor, business person, journalist, fashion designer, plumber, teacher, entertainer, computer expert, entrepreneur, or even a pastor or an Imam? The truth is that regardless of your profession or vocation, you and I are marketers.
The bottom line of our networking, daily hustles, bustles and runs is to market our knowledge, talent, skill, passion, products, services, or ideas. Therefore, with the internet in place, the entire world has become our marketplace. Geographical location is no longer an issue.
Let me now zero in on you, as an aspiring writer, if you are not yet one. It takes a burning passion, focus, discipline, pain and a raw, determined spirit to work towards becoming a world-class writer.
Writing is not, has never been and will never be a piece of cake, or tea party. Ask those who have attempted times without number to write an article, a book, a novel, a script, and documentary or a research paper.
Why do you want to be a writer? This is a personal question that you alone should answer, not me. There are a thousand and one reasons why people aspire to write for the public. I am sure you can list some of the reasons.
However, you as a writer must add value, benefits, information, education, and insight to your readers to remain relevant.
In this computer age, it is not about writing to impress but writing to sell. A writer is a marketer, just like the sales representatives, who go from place to place to market their products or services.
Writers are not expected to move from one locality, state or country to the other. They are expected to sit down and graft quality, promotional articles that will attract traffic (visitors) across the globe.
To graft goes beyond writing to impress. You have got to get the right words and carefully build them into powerful and attractive articles, books, scripts and documentaries.
In my e-book: How To Make Money As A Writer, I have outlined some of the steps budding writers must take to bring their dreams of becoming world-class writers to fruition.
Let me pause here and say this. If your aspiration as a writer is to make quick money overnight, I suggest you drop the idea. Like every legitimate business, it takes pains, commitment, focus, passion and determination to grow your business. Becoming a world-class writer is not exclusive here. Ideas come before money. So, your income from writing will come in trickles and grow with time and
The Basics
As a writer, you are aspiring to publish quality, attractive content for your clients and readers. Whether you want to write hard copies, or e-books, or post your articles on blogs or sites, there are some basics you must know that will help you in bringing your dream to reality.
Discipline
Nobody can achieve much in life without discipline. It has nothing to do with your profession or vocation. You must be focused, not easily distracted, organized and time-conscious to be a super writer.
Read Wide
Content writers are versatile fellows. Read everything and anything on your core, competent area.
The aim is to acquire more knowledge to write as an authority, even if you are a school drop-out or a PhD holder. This is the starting point for attracting visitors and ultimately the money.
Roadmap
It is one thing to aspire to become a writer. It is a different ball game to have a clear plan on how to move from where you are to where you want to be a world-class writer.
So, if you want to write content on fashion, engineering, journalism, business, entrepreneurship, and social media, that will sell and bring you money, you must first and foremost have a realistic and workable plan on the ground.
Challenges
You may not agree with me here. Most of the so-called challenges or problems that come to us daily are self-created.
Remember, I say most, not all. Take it or leave it, challenges are necessary for growth.
It is when you overcome challenges that you grow, not by avoiding them. People will try to discourage you when they see that you are trying to break away from the crowd.
Therefore, when n you make up your mind to become a writer, you have got to have this iron-like passion that no discouragement or run-down words from people could break. Great writers today were ones called all sorts of names by their friends, colleagues, family members etc.
Mentorship
Read the works of great writers and become inspired to be like them. But, there is a nag here. Do not at any point in time try to copy your mentor hook, line and sinker.
You must still the suggestions you receive from others to the test and see whether or not they tally with what you have in mind.
The late Dr Sunny Obaze-Ojeagbasi, the publisher of Success Digest, said: do not attempt at any point in time to copy your role model up to the point of losing your identity. He is right here.
Emmanuel Udom, a journalist and private investigator, can be reached at [email protected]
By Adedapo Adesanya
US sanctioned Russian oil giant Lukoil, will sell its foreign assets, including those in Nigeria and five other countries, to the US investment firm, The Carlyle Group.
According to an announcement on Thursday, Lukoil reached an agreement with the US investment firm on the sale of Lukoil International GmbH, the holding company that owns the group’s non-Russian international assets.
These foreign assets include shares in oil fields and refineries across the globe, including in Iraq, Azerbaijan, Egypt, the United Arab Emirates (UAE), Nigeria, and Mexico.
The sale follows the US sanctions on Lukoil and Rosneft, “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine.”
The Donald Trump administration in October 2025 had carried out the decision to put pressure on Russia’s state finances, adding the country’s two largest oil producers, Lukoil and Rosneft, to its blacklist of sanctioned entities. The US had initially given the oil firm one month to sell the holdings before gradually extending it as negotiations dragged on.
Lukoil had announced that same month that it would sell all of its international assets, initiating a formal process to receive bids from potential buyers.
After months of negotiations with potential buyers and one preliminary agreement with Gunvor blocked by the US Treasury, which described the trading group as “the Kremlin’s puppet”, it has now signed an agreement to sell Lukoil International GmbH to Carlyle.
Companies working with the sanctioned firms risk secondary sanctions that would deny them access to US banks, traders, transporters, and insurers.
The agreement is not exclusive and is subject to conditions such as the procurement of necessary regulatory approvals, including permission from the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) for the transaction with Carlyle.
Carlyle said that the agreement “has been structured to be fully compliant” with US Treasury policies and that it was “conditional upon Carlyle’s due diligence and regulatory approvals”.
Prior to the Carlyle news, other US oil and gas supermajors Chevron and ExxonMobil, and International Holding Company (IHC) of Abu Dhabi expressed interest to the US Treasury to potentially acquire Lukoil’s international assets.
The sale would further dent Russian economy which has been struggling because of its war in Ukraine and Western sanctions have increased inflation and slowed economic growth. In 2025, the country’s oil and gas revenues, which make up about a quarter of government income and help fund the war, fell to their lowest level in five years.
By Adedapo Adesanya
The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has assured investors of a transparent, merit-based and competitive process for Nigeria’s 2025 oil and gas licensing round.
Mrs Eyesan, gave the assurance on Wednesday while speaking at a Pre-Bid Webinar organised by the commission, noting that only applicants with strong technical, financial credentials, professionalism and credible plans would proceed to the critical stage of the bidding process.
The NUPRC in December 1, 2025 inaugurated Nigeria’s 2025 Licensing Bid Round, offering 50 oil and gas blocks across frontier, onshore, shallow water, and deepwater terrains for potential investors.
The basins included Niger Delta basin, with 35 blocks, Benin (Frontier) with three blocks, Anambra (Frontier), with four blocks, Benue (Frontier), with four blocks and Chad (Frontier) with four blocks on offer.
Mrs Eyesan explained that the licensing process would follow five stages: Registration and pre-qualification, data acquisition, technical bid submission, evaluation, and a commercial bid conference, with only bidders that meet strong technical and financial criteria progressing.
The NUPRC executive said the 2025 Licensing Round represented a deliberate effort by Nigeria to reposition its upstream petroleum sector for long-term investment, transparency, and value creation, amid increasing global competition for capital.
She said that energy security and supply resilience had become key global economic and geopolitical priorities, while investment capital was increasingly selective and disciplined.
“Our national priority is clear: to attract capital, grow reserves, and improve production in a responsible and sustainable manner.
“A structured and transparent licensing round is essential to achieving these objectives.
“The NUPRC is legally mandated to conduct licensing rounds in a periodic, open, transparent, and fully competitive manner and the entire 2025 process will be governed strictly by published rules,” she said.
The official further revealed that, with the approval of President Bola Tinubu, signature bonuses for the 2025 round have been set within a range designed to lower entry barriers and prioritise technical capability, credible work programmes, financial strength, and speed to production.
She emphasised that the bid process will fully comply with the Petroleum Industry Act (PIA) and remain open to public and institutional scrutiny through the Nigeria Extractive Industries Transparency Initiative (NEITI) and other oversight agencies.
By Adedapo Adesanya
Four price losers weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.06 per cent on Wednesday, January 28.
The decliners were led by Afriland Properties Plc, which lost N1.53 to close at N14.50 per share compared with the previous day’s N16.03 per share, Geo-Fluids Plc dropped 50 Kobo to end at N6.35 per unit versus Tuesday’s price of N6.85 per unit, Central Securities Clearing System (CSCS) Plc declined by 35 Kobo to N40.15 per share from N40.50 per share, and Food Concepts Plc decreased by 28 Kobo to sell at N2.72 per unit versus N3.00 per unit.
As a result, the market capitalisation of the bourse went down by N1.3 billion to N2.173 trillion from the N2.174 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) fell by 2.17 points to 3,632.56 points from Tuesday’s 3,634.73 points.
In the midst of the profit-taking, some securities witnessed bargain-hunting, with Nipco Plc gaining N22.00 to close at N242.00 per share versus N220.00 per share of the previous session, FrieslandCampina Wamco Nigeria Plc improved by N4.00 to N68.00 per unit from N64.00 per unit, and Acorn Petroleum Plc added 8 Kobo to finish at N1.38 per share versus N1.30 per share.
At midweek, the volume of securities transacted by the market participants surged by 259.9 per cent to 4.7 million units from 1.3 million units, but the value of securities went down by 8.6 per cent to N52.4 million from N57.3 million and the number of deals shrank by 15.8 per cent to 32 deals from 38 deals.
CSCS Plc remained the most traded stock by value (year-to-date) with 15.3 million units exchanged for N622.4 million, followed by FrieslandCampina Wamco Nigeria Plc with 1.6 million units valued at N108.4 million, and Geo-Fluids Plc with 8.9 million units worth N60.3 million.
CSCS Plc was also the most traded stock by volume (year-to-date) with 15.3 million units sold for N622.4 million, followed by Geo-Fluids Plc with 8.9 million units exchanged for N60.3 million, and Mass Telecom Innovation Plc with 8.4 million units traded for N3.4 million.
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