I Thought It Was A Scam — Until ₦50,000 Entered My MoMo PSB Account

Let me tell you what happened to me this week. Because if it happened to me, it may have happened to you too.

On Sunday evening, I got an SMS from MoMoPSB:

“Relief! FGN has selected you to receive ₦50,000 under NERSI to help with living costs. This is FREE. Enq? Call 07000222222. Dial *671*0# to accept”

I looked at it and I laughed. Scam. Another one.

In Nigeria today, if you are not careful, you will lose your money before you even finish reading the SMS. So I ignored it.

On Tuesday, the second one came. Same sender. Same message. This time clearer:

“Relief! FGN selected you for FREE N50,000 under NERSI... To consent to open a MoMo account and receive the money, dial *671*0#”

I still thought it was a scam. But something kept telling me to check. There’s no harm in opening an account with MoMoPSB after all.

Just as a trial, I decided to dial the USSD code, since I read in the news that MoMoPSB is one of the fintech channels to be used.

I did not click any link. There was no link to click. I did not give any PIN, OTP or BVN to anybody. I just dialled *671*0# to see what would happen.

I told myself: if it asks for money, I will stop. If it asks for a PIN, I will stop. If it is a trap, I will know immediately.

It did not ask for any of those things. It only opened a MoMo account and asked for my consent, and allowed me to create a PIN. I downloaded the app later.

That was the trial. And that trial is what brought the ₦50,000. 

Then yesterday, the third one came:

“FREE N50,000 FGN NERSI Relief is waiting for you! Create your MoMo account to receive it. Dial *671# or download the MoMo PSB NG app!”

Three messages. Same story. At that point, my curiosity — that same curiosity that took me from skipping Business News to investing in the stock market — started to worry me.

What if this one is real?

So I did what I always tell people to do: I checked before I clicked. I did not click any link. There was no link. I did not give any PIN, OTP or BVN to anybody. I only dialled the USSD code that was in the message — *671*0# — to open a MoMo account and give my consent.

And then yesterday, 5th November 2026 at 3:14 pm, this came:

“MoMo Credit Alert

FROM: FG Relief NERSI

AMT: N50,000.00

BAL: N50,000.00

REMARK: GOVT_DISBURSEMENT”

₦50,000. Real money. In my account. Confirmed!

Now I have questions. And I know you will have the same questions.

How did my number get into the list of poor and vulnerable households?

I am definitely not rich. By Nigerian standards, I can say I might belong to the middle-income class, definitely not anywhere near the top, somewhere around the bottom of the lower-middle-income earners. But poor and vulnerable? I am not sure I qualify for that list.

The last time I received FGN ‘largesse’ was around 2003 — 23 years ago — when I received a one-off 50k FGN Scholarship in my final year, 500 level, undergraduate. I was in the 2nd batch. The scholarship was introduced around 2001. I don't even know if that scholarship still exists today or students loan via NELFUND has replaced it.

So how did my name enter this list? Could there be a mistake somewhere?

I learnt that this is NERSI — National Emergency Relief and Stabilisation Intervention — run by the Federal Ministry of Humanitarian Affairs and Poverty Reduction. According to the government, beneficiaries are selected from the National Social Register and verified national identity records. You cannot apply. You cannot pay to enter. You are selected in batches through five approved providers: ALAT by Wema, MoMo PSB, NairaGram, OPay and Moniepoint.

Is this one for all Nigerians? Did you receive a similar SMS?

Please tell me in the comments. Did you get the MoMoPSB message? Or ALAT? Or OPay? Or Moniepoint? Or did you dial the code and it said "NOT SELECTED"?

I want to know if I am alone in this confusion, or if many middle-class Nigerians like me are also getting it.

Anyway, I am not returning the money. Neither am I spending it. It is a grant, not a loan. The government itself says you do not need to repay it. But please, be careful. Because scammers are at work again.

The real NERSI message will *never* send you a phishing link to click. It will never ask you for your PIN, OTP or BVN. It will never ask you to pay money to release the money. It will only come from one of the five approved providers, and it will only ask you to dial their official USSD code.

If anybody sends you a link and says "click here to claim your ₦50,000", delete it. That one is a scam.

My own three messages came from MoMoPSB, no link, no fee, and the helpline given was 07000222222 — which is the official NERSI helpline. That is how I knew to take the risk to dial the code.

I thought it was a scam. It turned out to be real.

Life has taught me one thing again: Do not dismiss everything because many things are fake. Check. Verify. Ask questions. Then decide.

Curiosity saved me from missing this ₦50,000. Ignorance would have made me delete all three messages.

Have you checked yours?

How to Use WhatsApp Meta AI as Your Everyday Personal Assistant

 Preamble

I will be honest with you. For years, I used WhatsApp only to send multimedia messages. I did not know that the small blue circle at the bottom — Meta AI — was sitting there waiting to work for me.

Just like I used to skip the Business News segment because I did not understand the terminology, I was skipping Meta AI because I thought it was just another AI chat tool like ChatGPT, Gemini, etc.

To me, it was just another blue circle. Another chatbot. Another thing to ask questions and get answers.

I was wrong.

ChatGPT, Gemini, and the rest are general chat tools. You ask, they answer, and then the conversation ends. Meta AI in WhatsApp is different — because it lives where you already live.

It lives in your WhatsApp. It remembers your format. It remembers your watchlist. And most importantly, it can be scheduled to come back to you — every morning at 9 am, every weekday at 4.30 pm, every Sunday, every Monday — without you asking again.

That is not a chatbot. That is a personal assistant.

I did not understand Business News until I stopped skipping it and started learning it. I did not understand Meta AI until I stopped treating it like ChatGPT and started giving it a job.

Once I gave it a job, a format, and a time — it started working for me.

Then I learned one thing: Don't ask it vague questions. Give it a job.

Give it a job, a format, and a time. That is all.

And once I learned that, I stopped scrolling for news. The news started coming to me.

You can schedule up to 10 different routines on WhatsApp. I use mine every day. Here are the ones that changed my day — you can copy them and edit them to fit your own goal.

1. Your Morning Briefing — Instead of Opening 5 Apps

I used to open one app for NGX, another for the US market, another for Nigerian news. By the time I finished, my morning was gone.

Now I just ask for one digest:

"Give me a morning briefing for today, Thursday. In 5 short sections: 1) NGX close yesterday and live today, 2) US close last night, 3) Top 5 Nigerian business headlines, 4) Top 5 Nigerian general headlines. Keep it factual, in bullet points, with links."

Then I tell it:

"Use this same format every morning at 9 am."

And that is it. Every morning at 9 am, I get the latest version automatically. I did not need to be a tech expert. I just needed to be curious enough to ask.

2. Your Market Watcher — Don't Watch 21 Stocks Yourself

This is where most people under-use it. I learned this the hard way.

When I started investing in 2024, after stumbling on Lions' Den Nigeria on TikTok, I was checking stocks one by one. It was exhausting.

Now I give Meta AI my watchlist and my rules, once:

"Track these 20 NGX stocks for me: NAHCO, NASCON, UNILEVER, UACN, SEPLAT, MTN, ARADEL, TIP, JAIZBANK, ZENITHBANK, GTCO, FIRSTHOLDCO, UPDCREIT, CWG, HBMNG, DANGCEM, AIRTEL, FIDSON, MAYBAKER, PZ. Flag any that drop -8% to -10% in a day as BUY-THE-DIP. Tell me the price, % change, and why it dropped. Generate this report every weekday at 4.30 pm."

If I want it cleaner, I add:

"Summarize this in a table: Stock | Price | Daily % | YTD | vs 52-week high."

Every evening at 4.30 pm, I get the analysis. I don't chase the market. The market report comes to me. I may still double-check a few numbers for accuracy.

That is what I mean by beyond your discipline. I am an engineer. I was not trained in finance. But curiosity + a good prompt closed that gap.

3. Your News Curator — Don't Ask "What's Happening?"

"What's happening?" is too vague. You will get everything, which means you will get nothing.

Ask for a filter instead:

"Find me only new Nigerian business headlines from Nairametrics, Proshare, BusinessDay, Punch, and Vanguard for today. Skip anything from yesterday. Give me title + 1-line summary + link."

You are not asking for news. You are asking for your news. Schedule it daily at your convenient time to receive a daily update.

4. Search Anything — Website, Facebook, Instagram, Threads

This is the part that surprised me most.

Remember how I told you I used to skip Business News because I didn't understand it? Searching was the same. I would paste a link, and it could fail. I would give up.

Then I learned: don't just paste a link. Give it the platform + the title + what you want.

To search a website:

"Give me the latest article on salihulukman.blogspot.com and provide the key takeaways."

To search Facebook:

"Search Facebook for this title and summarize: Beyond Your Discipline: The Power of Curiosity and Lifelong Learning"

Meta AI will find the Facebook post, even if the blog link was not indexed yet, and summarize it for you.

Instagram or Threads? Same way. Just change the platform.

Always give it:

a) The platform — Facebook, Instagram, Threads, website

b) The title or exact topic

c) What you want — "summarize", "give key takeaways", "find the latest"

And here is the most powerful part — you can ask it to keep checking for you:

"Every Sunday, check magarya.wordpress.com and fetch any new article on NGX, then give me the key takeaways."

"Every Monday morning, check investdata.com.ng for any new NGX market update and summarize it for me."

"Every Friday, check @drsalihulukman Facebook page for any new post and send me the key takeaways."

You set it once. Meta AI checks on that day, every week. If there is a new article, you get the summary. If there is nothing new, you get nothing — no noise.

In 2005, after NYSC Camp in Keffi, I asked a friend for reading materials, and I didn't get them. Today, I don't need to wait for anyone to give me materials. I ask Meta AI, and it goes and finds them. I also do my due diligence to fact-check some important information. Because AI is not a perfect machine. 

5. Watch a YouTube Video For You

It can also watch a YouTube video for you if you give it the link or channel address, summarize the key takeaways, and then keep checking that channel for new uploads to do the same thing again automatically.

You don't have to press play every time.

"Watch the following YouTube video at the link below and summarize the key takeaways from the discussion."

One warning from my own experience: Because Google indexing takes days or weeks, Meta AI sometimes cannot access the very latest videos immediately. That is still a challenge. But for older videos, and for channels you follow regularly, it could work.

6 Rules That Make It Work Better

I learned these by trial and error, not from a manual:

i. Be specific about output: Say "table", "5 bullets", "no long paragraphs". If you don't tell it the format, it will give you a long essay.

ii. Give it your numbers: Your buy zone, your watchlist, your sources. It remembers context in the same chat.

iii. Ask for a follow-up: End every prompt with "What should I watch next?" — it will suggest the next check.

Try this today as an exercise.

Open Meta AI in WhatsApp and paste this — just provide your own 5 stocks:

"Act as my personal assistant. Every day, give me: NGX + my 5-stock dip check, US close, Nigerian business + general headlines. Keep it short, with links, and flag only fresh -8% to -10% dips."

Once you use that one prompt, you won't go back to scrolling for news.

I started as an engineer who skipped Business News. I did not get there by knowing everything. I got there by staying curious, by learning, relearning, and unlearning — and now, by letting Meta AI do the checking while I do the thinking.

Your assistant will bring the news to you. You can have up to 10 different routines on WhatsApp.

Start with one today. Tell me your experience in the comment section.

Beyond Your Discipline: The Power of Curiosity and Lifelong Learning

 Twenty-two years ago, when I graduated from university with a bachelor’s degree, I would regularly watch the news but habitually skip the final segment, The Business News. Although I understood the English spoken by the presenters, I could hardly make sense of the business terminologies and issues being discussed. As an engineer with no background in business, it simply felt like a different world.

I recall reaching out to a friend with a business background, whom I met during the 2005 NYSC Orientation Camp in Keffi, Nasarawa State, requesting reading materials that could help me understand the business news. It was purely out of curiosity. Unfortunately, he never responded. Ironically, YouTube was born that same year. Ironically, YouTube was launched that very year. Had it existed earlier, it would probably have been my ultimate learning companion, teaching me everything I needed to know.

Fast-forward to 2024, nineteen years later. I stumbled upon business pitching presentations called Lions’ Den Nigeria on TikTok. That gradually led to stock market investment videos appearing on my feed, which I began watching almost by chance, eventually leading to my first stock investment in the same year, which I held for about a year before deciding to go all in in 2025.

As I immersed myself in reading and watching materials on stocks and the capital market, something remarkable happened: I began looking forward to the very Business News segment I had once habitually skipped. Today, I not only understand what is being discussed, but I am also deeply interested in virtually every aspect of it. What once seemed foreign has become familiar and relevant. Such is life!

The Lesson: Never Stop Learning!

Remain curious. Be willing to learn, relearn and unlearn. Curiosity broadens your horizons, drives personal growth and enhances productivity.

Understanding the complex world we live in requires much more than a tunnel vision of your chosen profession or area of specialisation. Be adventurous enough to explore unfamiliar territories, experiment with new ideas and step outside your comfort zone in pursuit of knowledge.

If you are a pure or applied scientist—an engineer, medical scientist or otherwise—make an effort to understand the social sciences, management and business. The same applies in reverse. No discipline exists in isolation, and a broader understanding of other fields enriches your perspective and effectiveness in your own.

Keep learning. Stay curious. Explore anything and everything within your capacity and interest. Aspire to become a polymath. Being a polymath is not about being a Jack of all trades and master of none; it is about developing the intellectual breadth to understand, connect and apply knowledge across disciplines.

Never allow your area of specialisation to become the boundary of your knowledge! Let it be the springboard that sparks your passion for exploring other fields of interest.

GOOD ENTRY POINTS FOR TRADING & INVESTING

Looking at the All-Share Index (ASI) chart below, it is clear that the Nigerian market has been undergoing a correction since 14 May 2026. Following the strong rally from December 2025 through May 2026, many fundamentally sound stocks have retraced significantly and are now finding new support levels.

For me, this correction is creating interesting entry points for both traders and long-term investors.

Stocks I Find Attractive for Trading

Some of the stocks whose current prices I find particularly interesting for short-term trading include:

• TIP — ₦23 – ₦24

• NAHCO — ₦129

• DANGOTE SUGAR — ₦69

• PZ — ₦74

• CWG — ₦17

• UNILEVER — ₦99

• BUACEMENT — ₦269

The figures in brackets represent the entry prices I am watching.

My thinking is to trade some of these positions for potential short-term gains in the region of 10 – 30%, depending on how the market and individual stocks behave. Of course, price targets are not guarantees, and the market can always move differently from expectations.

Stocks to Consider for Longer-Term Holding

Beyond the stocks listed above, there are also several fundamentally sound companies whose prices appear to have stabilised following the earlier rally, with relatively minor fluctuations.

These include Aradel, MTN, HBM (Lafarge), GTCO, Zenith, Jaiz Bank, Seplat, Airtel, UPDCREIT, Dangote Cement, Fidson, NIDF (dividend king), UACN, and others.

Depending on your investment objectives, risk tolerance and research, some of these may also present interesting opportunities for longer-term investors.

Meanwhile, I Am Also Watching the Dangote Refinery IPO

One important consideration is the timing of the Dangote Refinery share allotment. Based on the information provided, the allocation is not expected until around November–December.

It was also mentioned that subscribers with applications of ₦50,000 or ₦100,000 could potentially receive their subscriptions in full. If this happens, larger subscribers may not receive their entire requested allocation, at least initially, until the minimum allocation threshold determined by the company is satisfied.

This is not meant to discourage anyone from investing millions in the IPO. Rather, it is simply a reminder to be realistic about the possibility of receiving less than the number of shares applied for—and therefore not tying up all your available capital in an investment whose final allocation is still uncertain.

There is another interesting dimension.

It was mentioned that approximately 10 million people could subscribe to the IPO, while the company can absorb about 30% oversubscription. With 5.33 billion shares available, dividing that number by 10 million potential subscribers gives approximately 533 shares per subscriber (₦280,000), if everyone were to receive an equal allocation.

And then came the astonishing early demand.

Within just a few hours of the offer going live yesterday, almost ₦1.5 trillion had reportedly been received in subscriptions—even while several fintech platforms, including Bamboo, Cowrywise and Afrinvest, were experiencing difficulties.

If we use the estimated oversubscription threshold of approximately ₦2.795 trillion, the ₦1.5 trillion received within those first few hours already represents roughly 54% of that amount.

Imagine what the subscription figure could look like after the full 30-day offer period.

Please, do not panic if your subscription channel is not working.

As I explained during the live video, IPO allocation is NOT done on a first-come, first-served basis. So, there is no need to rush or worry that you will lose your allocation simply because you could not subscribe immediately.

Relax, take your time, and try again later. You have a 30-day window within which you can subscribe.

Remember: subscription is one thing; allocation is another.

So, stay calm and avoid unnecessary pressure. You will have enough opportunity to complete your subscription within the offer period.

My Personal Approach

For this reason, I am personally considering applying for a relatively small number of shares—perhaps around 1,000+ shares—with the expectation that I could potentially receive a meaningful portion of the allocation.

Rather than committing a very large amount of capital to the IPO and waiting until December, I would prefer to deploy part of my capital into fundamentally sound stocks at attractive entry points, trade some of them for potential short-term gains, and also build longer-term positions where appropriate.

In other words, while I wait for the Dangote Refinery allotment, the market correction itself may be presenting opportunities worth exploring.

As always, do your own research, understand the risks, and invest according to your own financial goals and risk tolerance.

Disclaimer: This is my personal market analysis and strategy, not financial advice or a recommendation to buy or sell any stock. Do your own research before making any investment decision.

Fahimtar Kasuwan Hannun Jari da Dangote IPO

Menene Hannun Jari (Equity)?

Hannun Jari (Equity) yana nufin rabon mallaka da mutum yake da shi a cikin wani kasuwanci ko kamfanin da yake samun riba. Muddin ka sayi hannun jari a kamfani, to ka zama daya daga cikin masu gidan sarautar kasuwancin (masu gida)—ko da kuwa rabo mai matukar kankanta ka ke da shi.

Alal misali. Muhammad and Maryam ne suka bude shagon siyar da wayoyi da jarin ₦100,000, a inda kowannen su ya bada ₦50,000, wato 50 % (Equity) kenan. Idan an sami riban ₦20,000 a shekara, haka za a raba riban ₦10,000 ga kowa. Idan kuma shagon ya bunqasa ya koma ₦1,000,000, ka ga kenan kowa hannun jarin shi, ya koma ₦500,000 kenan (50%). Haka lissafin zai kasance idan ma darajan shagon ya yi qasa.   

Hanyoyi 2 da ake Samun Kudi a Hannun Jari

Rabon Riba (Dividends): Idan kamfani ya yi riba a cikin shekara zuwa karshen, yakan raba wa masu hannun jari wani bangare na ribar. Wasu kamfanin na yin rabon a sau daya ne kawai a karshen shekara (Final Dividend) kaman Dangote Cement, wasu kuma sau biyu – a tsakiyan shekara (Interim Dividend) da qarshen shekara (Final Dividend) kaman MTN, wasu kuma har sau hudu, bayan duk watanni uku (Quarterly Dividend) kaman UPDCREIT.

Karuwar Daraja (Capital Gain): Idan ka sayi hannun jari na kamfani a kan ₦90 kowace tsagi (share) kaman MTN a 2019 sanda ta fara siyar da hannun jarin ta ga mutane, sannan kamfanin ta bunkasa har farashin ya koma ₦800 a yanzu wato 2026, ka samu ribar ₦710 (789%) a kowace tsagi idan ka sayar.

Hanyoyin da za ka iya Zuba Jari a Kasuwan Hannun Jari (Stock Market)

Kasuwan Hannun Jari ta Farko (Primary Market): Wannan ya ƙunshi sanda kamfani za ta fara siyar da hannun jarin ta na farko ga gamagarin mutane domin ta tara kuɗin bunƙasa ayyukan ta wato Initial Public Offering (IPO) kamar yadda kamfanin matatan man fetur na Dangote zai fara siyar da hannun jari ga mutane a 14 ga watan Satumba na 2026.

Kamfani zata iya siyar ma masu hannun jari a cikin ta tsagi mai arha a garesu domin ta bunqasa kamfanin ta hanyar Rights Issue ko Rights Offering (RO), kaman yanda kamfanin sukari na Dagote suka siyar da tsagi a 2026 ga kowane mai riqe da hannun jarinta akan ₦60, bayan a lokacin ana siyar da kowace tsagin hannun jarin kamfanin a kasuwan hannun jari na NGX akan ₦75.

Haka zalika, kamfani zata kuma iya neman qarin kudin gudanarwa ko bunqasa ta ta hanyar siyar ma wadanda ke da hannun jari a kamfanin dama wadanda basu da hannun jari a kamfamin tsagin ta a rahusa ta Public Offering (PO) kaman yanda kamfanin MTN tayi a 2021 a inda siyar da tsaginta akan ₦169.

Sai kuma na qarshen su, wanda kamfani ke siyar da hannun jarin ta a cikin sirri wato Private Placement (PP) ga kebabbun mutane masu kudi sosai ko kuma wata kamfanin a farashi mai rahusa domin su tara kudin yin wasu ayyukan kaman yanda kamfanin matatan man fetur na Dangote ta yi a watan Juni 2026 a inda ta sayar da kowane tsagi akan dala 0.35, a yanzu kuma zai sayar da kowane tsagi a IPO akan dala 0.4 wato ₦525. Kudin da aka samu daga dukkanin wadannan hanyoyi guda 4 wato IPO, RO, PO, da PP suna zuwa lalitan kamfanin ne domin yin wani aiki dashi.

Kasuwan Hannun Jari ta Biyu (Secondary Market): A wannan kasuwan ne kuma mutane suke iya yin hada-hadan hannun jarin da suka siya ta hanyar kasuwan hannun jari ta farko (Primary Market) domin su siyar ga wasu mutanen daban kuma su iya siyan hannun jarin wasu kamfanonin wato Stocks domin amfanuwa da su ta idan sun raba riba (Dividend) ko kuma idan farashin su ya tashi wato Capital Gain. Kudin da aka samu ta wannan hanyan, baya zuwa wajen kamfanin da aka siya ko ka siyar, tana shiga aljihun wanda ya siyar ne kawai wato gamagarin mutane masu riqe da hannun jarin kamfanin ko kuma ma’aikatan kamfanin idan su ne suka siyar da hannun jarin su.

Kasuwannin Hannun Jari Guda Nawa ne?

Akwai kasuwannin hannun jari guda biyu a Najeriya. Wanda tafi shahara kuma babban, it ace Nigerian Exchange (NGX) mai dauke da kamfanoni kaman 144 masu jumillan darajan da ya kai naira tiriliyan 157. Mafi yawancin manyan kamfanonin da muka fi yin hada-hada da su suna NGX ne.

Sai kuma ta biyu, wanda qarama ce ana kiran ta da NASD OTC wanda ke dauke da kamfanoni 46 masu darajan da ya kai naira tiriliyan 2.7.

Yanda za ka iya Siyan Hannun Jari

Dillalan Hannun Jari (Stock Brokers): Zaka zabi daya cikin dillalan hannun jari daga cikin sama da 500 domin bude akawunt da su amma fa ka tabbatar wanda ka zaba, yana da rijista da SEC (Securities and Exchange Commission). Sanannu daga cikin wadannan dillalan sun hada da Afrinvest, InvestNaija, Cowrywise, Bamboo, CardinalStone, APT, Trove, Atlass, United Capital, Meristem, da dai sauransu. Yawancinsu zaka iya sauke manhajar su a waya, kadan daga cikin su kuma dole sai dai kayi amfani da komfuta wajen amfani dasu yanda ya kamata kaman Atlass da United Capital.

Bude Akawunt: Kafin ka iya siyan hannun jari, ana da buqatan da ka bude akawunt wato Brokerage Account ko kuma abinda yanzu akafi sani da CSCS Account a wajen dillalan hannun jari wato Stock Brokers. Irin wannan akawunt din ana bude shine kaman yanda zaka bude akawunt din banki a inda zaka cike bayananka tare da adireshin ka, da bayanan bankin ka irin su BVN, sannan kuma ka tura musu da shaidan adireshin ka wanda yake dauke a kudin wuta ko ruwa da bai wuce watanni uku a baya ba. Dole akawunt din bankin da zaka bayar ya kasance banki ne wanda yake Deposit Money Banks kaman irin su GTB, Zenith, UBA, banda irin su OPay ko Moniepoint. Idan ka kammala dukkanin wadannan, za ka jira kwanakin aiki 2 zuwa 7 kafin a fitar maka da lambobin akawunt dinka guda biyu, wato CHN (Clearing House Number) da CSCS (Central Securities Clearing System). Shi dai CHN kaman BVN din ka ne na banki, baya canzawa, koda kuwa ka qara bude wani CSCS akawunt din da wani dillalin daban. Shi kuwa CSCS kaman lamban akawunt dinka ne na banki, wanda zai iya canzawa idan ka bude wani akawunt din a wani bankin daban. Da zaran an kammala buda maka akawunt dinka, sai ka sa kudi, daga nan kuma ka zabi duk kamfanin da kake son siya a NGX domin ka siya a lokacin hada-hadan hannun jari wato, kwanakin aiki, daga 9.30 am zuwa 3.50 pm. Akwai kamasho wato commission da ake biya idan ka siya ko ka siyar da hannun jarin ka. Kudin kamashon ya danganta ne da dillalin da kake amfani da shi. Amma mafi yawanci, suna cire 1.8% ne idan zaka siya, sannan kuma su cire 2.2% idan zaka siyar, jumla ya kama 4% kenan. A sani na, Atlass ne wanda ya fisu sauqi a inda yake cire make 0.8% idan za ka siyar, jumla yak ama 2.2% kenan, sannan kuma ya cire make 1.37% idan zaka siyar. Sai kuma United Capital wanda yake cajin kusan 3.2% gabadaya siye da siyarwa. Zaka iya siyan tsagi daya kacal, ko kuma da yawa wato iya kudin ka iya shagalinka. Amma idan dillalin da ka zaba shima yana aiki ne da wani dillalin kaman Cowrywise, Bamboo, ko Yochaa, to dole tsagin da zaka iya siya na kowane kamfani ya kasance ya kai qiman ₦5,000. A irin su Afrinvest, Meristem, Atlass, ko APT kuwa, zaka iya siyan tsagi daya kaman na Jaiz Bank wanda ake siyarwa a kan ₦8. Saboda haka, da talaka da mai kudi dukkanin su za su iya cin riban hada-hada a hannun jari. Idan kana son siyan hannun jarin NASD OTC, shima sai ka bude akawunt da dillalin ka, idan yana hada-hadan NASD OTC kafin kafa siya da siyarwa a kasuwan. Shi NASD OTC yanada manhaja ne guda daya a inda akeyin hada-hadan kamfanonin shi.

Babban Darasi Kafin Ka Fara Siye Da Siyarwa

Ilimi (Knowledge): Ka tabbatar ka nemi ilimin kasuwan hannun jari kafin ka fara hada-hada a kasuwan domin gudin yin asaran kudin ka saboda akwai sarqaqiya a kasuwan sosai. Ilimi ne kadai zai sa ka iya cin riban da ya kamata ba tare da asara ba. Akwai masu karantarwa da yawa a YouTube (Nairametrics, Wealthcoachomiete, Salihu Lukman) da dai sauran su. Ya zama dole ka laqanci yanda ake siya ko siyar da tsagi (share) ta Limit Order ko Market Order. Idan ka laqance su, zaka fahimci cewa Limit Order ne ya fi dacewa ka dunga amfani da shi a kodayaushe domin yafi samar da rahusa wajen siya da kuma riba wajen siyarwa. Dole ka fahimci yanda zaka harhada kamfanoni domin su tabbatar da cewa samun riban ka ta yanda ko da daya daga ciki yayi qasa, to wani zai tada shi domin ka sami riba a koda yaushe wato Diversification.

Manufa (Objectives: Dole ka qudurce manufan ka a yayin hada-hadan hannun jari. Shin kana so idan ka siya ka riqe ne na lokaci mai tsawo kama shekara 3 ko 5, wato Long-term Investor ko kuwa kana jujjuya hannuwan jarin ka ne domin samun riba ta yanda za ka siya idan sun sauka, sannan ka riqe na zuwa lokacin da za su farashin su zai tashi sai ka siyar ka nemi wani mai sauqin farashi ka qara siya wato Trader. Zabin manufanka tun ran gini ran zane zai taimake ka wajen zaban ire-iren hannuwan jarin da za ka siya. Shin Trader ka zaba ko kuwa Long-term Investor, dole kuma ka laqanci yanda zaka sami hannun jari a rahusa idan za ka siya wato Entry Price. Alal misali, kasuwan ya fara tashi daga Disamba 2025 har zuwa Maris a sa’ilin da ya dan fara hutawa har zuwa Afrilu, daga nan kuma ya qara yin wani goron zabin tashin har tsakiyar Mayu a dalilin sanarwan da FTSE Russell sukayi na daga martaban kasuwan hannun jarin Najeriya tare da qara ma masu jujjuya kudaden ‘yan fansho daman siyan hannayen jari fiye da yanda hukuma ta qayyade musu. Tun daga nan y afara sauka kadan-kadan, har izuwa qarshen Juli, ya cigaba da sauka a Agusta har zuwa 27, wato ranar da FTSE Russell ta tabbatar da cewan zata daga martaban NGX a 21 ga watan Satumba 2026 bayan dakatar da wannan qudirin da tayi a watan Juni. Dole ka laqanci ire-iren wadannan hawa da saukan da hannayen jari keyi sannan ka laqanci daidai lokacin da yakamata ka siya mai rahusa ko kuma ka siyar domin ka sami riba mai kyau.

Halayyan Cinikayya (Investment Personality): Ya kamata ka fahimci irin halayyan cinikayyan ka. Shin zaka iya siyan hannun jarin da yake sama da ƙasa ko da kuwa mai qarfi ne kaman MTN, ko Dangote Cement, ko kuma yake iya tsayuwa ba tare da ya daga ba na tsawon lakaci kaman Airtel (sai da ya tsaya na kusan shekaru 2 a wuri daya), ko kuma wanda yake tsayuwa na wani lokaci kafin ya dan daga kadan kaman Seplat?

Bangarori 5 Masu Kawo Riba

Halal: Wannan bangaren yana qunshe da manya-manyan kamfanoni ne har guda 12 wadanda aka tantance ayyukan su kuma a tabbatar da cewa suna bin abin da Shari’an musulunci ya gindaya wajen harkokin su wato Shari’ah-Compliant. Ga wasu daga cikin su tare riban da suka kawo a cikin wannan shekaran kawai wato Year-To-Date (YTD) Sun hada MTN (59%), Dangote Cement (70%), HBM Lafarge a da (153%), Jaiz Bank, Aradel (111%), NASCON (49%), PRESCO (41%), BUA CEMENT (56%), da dai sauran su. Amma fa ka sani cewa riban da aka samu a baya ba ya nuna cewa haka za ayi ta samu a nan gaba ma saboda kasuwan taba caccanzawa. Ka sani cewa ba wai guda 12 dinnan ne kawai suke Halal ba. Bincike ya nuna sun kai 53 daga cikin 144 wadanda aka tantance su da cewa Halal ne.

Mai Da Gas: Wannan bangare na dauke da kamfanoni guda 7, mafi kawo riba daga cikin su sune Seplat (157%) da Aradel (111%). Ina son Seplat sosai saboda yanda yake tsayawa cik na dan wani lokaci sai kuma ya tashi. Hawa da saukan kasuwan bai cika shafan shiba. Na fara siyan Seplat shekaru biyu da suka wuce a 2024 akan ₦3,300 kowane tsagi daya, a yau ana siyar da kowani tsagi akan ₦16,000 wato ya kawo riban 385% kenan ga wanda ya siya ya riqe har shekaru biyu kacal. ₦100,000 ta koma ₦485,000, haka nan ₦1,000,000 to koma ₦4,850,000, bayan riban da ka kwasa wato Dividend, ba tare da ka yi komai ba. Wannan ya ninka kusan sau 5 kenan a cikin shekaru 2 kawai, shin idan ace gida ne ko fili ka siya, za su iya ninkawa haka a cikin wannan dan qanqanin lokacin?

Banki: Bankunan da suka fi qarfi daga cikin bankuna 14 sune Zenith (103%) da GTCO wato GT Bank (43%). Sauran sun hada da First Bank (184%), Ecobank (77%), Jaiz Bank (69%) da kuma Stanbin IBTC (54%).

Kayayyakin Amfani: Akwai kamfanoni da yawa a wannan bangaren, sun kai 15 – 19. Wadanda suka fi kawo riba a wannan shekeran kuma masu qarfi ne sun hada da PZ (87%), NASCON (49%), Unilever (53%), Vitafoam (111%), Nestle (43%), da UNIONDICON (244%) amma na qarshen bata da qarfi kaman sauran, a kula da kyau.

Sadarwa (ICT): Akwai kamfanoni guda 9, amma manya a cikin su sune Airtel (178%)  da MTN (59%). Daya daga cikin marasa qarfi a cikin su shine NCR (122%).

Me Ya Sa Aka Bar ‘Yan Arewa A Baya A Kasuwar Hannun Jari?

A ganina, abubuwa 2 ne suka sa a ka bar ‘yan Arewa a baya a fannin hannun jari. Na farko dai idan za ka yi la’akari da sauran fannonin rayuwa na karatun zamani kaman irin su lauya (Law), likitanci (Medicine) and jinya (Nursing), injiniya (Engineering) da ilimin tattali da banki (Banking and Finance) zaka ga cewa ‘yan Kudu sun yi ma ‘yan Arewa nisa sosai a baya kaman shekaru 30 – 40. Amma a hankali, sai ‘yan Arewa suka fara yin boko ka’in da na’in, har suka kai ga zama manyan malamai na jami’o’i a Arewa wanda ada mafi yawanci ‘yan kudu ne. A yanzu ‘yan Arewa suna karantan dukkanin fannonin ilimin boko sosai wanda ya hada darussa kaman su Economic, Accounting, Banking and Finance, da dai sauran su.

Dalili na biyu kuma shine addini. Za ka samu wadan su malaman a baya suna yin nuni da cewa musulmai su guji gabadaya kasuwan jari (Capital Market) ko na hannun jari (Stock Market) domin a ganin su haramun ne saboda suna amfani da kudin ruwa (Interest). Haka ya sa mutanen mu da yawa suka guje ma duk wani darasi na Accounting, Banking, ko Economics tare da guje ma duk wani aiki a banki ko inda ya shafi jari (Investment). A hankali, sai aka fara fahimtar cewa ashe za ka iya yin kasuwancin ka a cikin kasuwan hannun jari bare da yin mu’amala ruwa ba. Wannan shiyasa na fara daukan bangaren da yake na Halal ne a sama domin yin qarin bayani. A hankali kuma, wasu na ganin yanda wadanda suka sa hannun jari suke diban garabasa a cikin sauki ta hanyan siya da riqewa kawai na tsawon lokaci ba tare da shan wani wahala ba. A hankali a hankali sai mutanen mu suka qara qaimi wajen fahimtar kasuwan da kuma qin bin hanyoyin macuta wato Ponzi Schemes a inda za a ce wai za a dunga ribanya maka kudinka duk sati ko duk wata.

Shin Ya Kamata Ka Siya Hannun Jarin Kanfanin Mai Na Dagote?

Kamfanin man fetur na Dangote zai fara siyar da hannun jari ga gamagarin mutane kaman ni da kai a ranar litinin, 14 ga watan Satumba, har izuwa 13 ga watan Nuwanba, wato har tsawon wata guda cir ta hanyar IPO. Ya fara siyar ma manyan kanfanoni da masu kudi ta hanyar Private Placement a cikin wat Yuni a inda ya tare $2.5 Biliyan. A yanzu kuma, yana son tara $1.6 biliyan ne ta hanyar siyar da tsagi 4.1 biliyan ga mutane. Wannan kamfanin, zata kasance mafi girma a Africa, sannan kuma tana kan hanyan zama matatan man da tafi kowane girma a duniya a nan ‘yan shekaru kadan. Wannan wata dama ce ga kowa da kowa domin ya sami siyan wannan hannun jarin, saboda dai wannan kamfani tana da riba sosai, kuma bisa ga dukkanin alamu, masu jari a kamfanin za su ribauta a nan gaba. Kada ka bari a bar ka a baya. Yi maza-maza ka bude akawunt kaman yanda na yi bayani sama, sannan ka tanadi ‘yan kudin ka domin siyan wannan hannun jarin. Mafi qaranci shine ₦5,250 wato tsaguna 10, daga nan kuma, zaka iya qarawa goma-goma har izuwa kudin ka.

Shin Zan Iya Sayen Dangote IPO Idan Bani Da Akawunt Din Dillalai (CSCS Account)?

Eh, za ka iya siya wannan IPO din ko da kuwa ba ka CSCS Account a yanzu. Daga baya idan bude akawunt din, sai ka tuntubi masu riqe da hannun jarin kamfanin gabadaya wato Coronation Registrars, ka basu lambobin CSCS Account din ka, domin su saka maka shares dinka.

Sauran bayanin da ke qasa, na tattake wuri wajen yin sharhi mai tsawo a game da su a bidiyon da nayi a Zoom. Za a iya sauraron cikakken bayanai ta YouTube:

 https://www.youtube.com/watch?v=rW1qTFPCyY8&lc=UgwoE6GhfBXRoJYn1vN4AaABAg

Hadari (Risk)

Hawa da Saukan Farashi (Price Movements)

a.    IPO (Aradel, Seplat, MTN, etc.)

b.    Sauran hannun jari (ASI)

c.    Fixed income market (Sukuk, bonds, CP, etc.)

Jari (Capital)

a.    Ajiya (Savings)

b.    Kudin haya (Rent)

c.    Kudin makarantan yara (School fees)

d.    Bashi (Loan): Private, Bank, Loan apps

e.    Yanda zaka iya siyan tsaguna (shares) da yawa.

 

 

 

2 PhDs, 2 Master's, 1 Bachelor's — What an Extraordinary Academic Journey!

Hearty congratulations to Dr. Yusuf Lukman on the successful completion of his second PhD — yes, you read that correctly, a SECOND PhD!

This remarkable achievement comes after he had earlier earned two academic master’s degrees and a bachelor’s degree, all from reputable universities in South Africa.

What an incredible demonstration of intellectual commitment, perseverance, and lifelong pursuit of knowledge.

2 earned doctoral degrees (PhD in public administration & DEd in education management), 2 academic master's degrees (MEd & MPA), 1 bachelor's degree in public administration. One remarkable scholar.

You have made the entire Lukman family immensely proud by achieving this truly remarkable and uncommon feat.

Congratulations, Dr. Lukman! May this achievement open even greater doors and inspire many more. 🎉👏

Stocks vs Fixed Income: Where Should a Smart Investor Focus Now?

Let’s look at this honestly.

Fixed-income assets—like Sukuk, Treasury Bills, Bonds, and Commercial Papers—are designed to give you predictable returns with minimal risk. They are stable, yes… but often limited in growth.

Here is what they mean in simple terms:

• Treasury Bills (T-Bills): Short-term government securities (usually less than 1 year) where you lend money to the government and earn a fixed return.

• FGN Bonds: Longer-term government debt instruments that pay fixed interest over time.

• Sukuk: A Shariah-compliant alternative to bonds, structured around tangible asset ownership and rents rather than interest.

• Commercial Papers: Short-term debt issued by companies (180–270 days) to raise funds, usually offering the highest returns.

Now here is the key point:

These instruments typically offer returns below or around inflation – currently at around 15% - even though they are low-risk.

Let’s look at recent numbers:

• Treasury Bills (1 year): < 22%

• FGN Sukuk (1 year): < 21%

• FGN Bonds (1 year): < 20% (could be as low as 13%)

• Commercial Papers (180 – 270 Days): < 25%

Now compare that with the stock market, using the NGX All-Share Index (NGXASI). The NGX All-Share Index (NGXASI) is the main benchmark that tracks the overall performance of all listed companies on the Nigerian Exchange, showing whether the market is generally rising or falling.

• February 2026: 16.6%

• April 2026: 20.34%

• YTD 2026: 55.4%

• 2025: 51%

• 2024: 37%

Let that sink in.

In some cases, the stock market delivered in just a month or a few months what fixed-income assets aim to deliver in one full year.

But What About Risk?

Yes—stocks carry a higher risk than fixed income.

Prices go up and down.

There are corrections, pullbacks, and volatility.

However, here is the difference:

👉 Risk without knowledge is dangerous

👉 Risk with knowledge becomes manageable

When you understand:

• How to select fundamentally strong stocks (profitable and reward investors)

• When to enter and when to wait

• How market cycles work

You reduce that risk to a bearable and controlled level.

The Real Investment Truth

Fixed income helps you:

✅ Preserve capital

✅ Earn predictable returns

Stocks help you:

✅ Grow wealth

✅ Beat inflation

✅ Achieve financial freedom faster

My Personal Conviction

This is why my focus is on stock investing.

Not because it is easy…

But because it offers the highest return potential when approached with knowledge and discipline.

Final Thought

You don’t have to choose one and ignore the other.

But if your goal is wealth creation, then:

👉 Learn the stock market

👉 Understand it deeply

👉 Invest with knowledge

Because in the long run:

The stock market rewards those who understand it—not those who fear it.

Given the strong current performance of the NGX All-Share Index and the anticipated boost from the upcoming FTSE Russell reclassification in September, a smart investor should strategically tilt more toward stocks than fixed income to maximize investment returns.

Did you claim your share of the ₦5.6 Trillion Naira gain yesterday?

The NGX just surged by 3.77% in a single session, pushing our Year-to-Date return to 52%. To put that in perspective: the market has already outperformed the entire 12 months of 2025 in just 4 months. At the current velocity, the NGX is on track to deliver a staggering 150% return by year-end. If you haven't yet captured the 52% gains of the first quarter, the window is still wide open—but selectivity remains your greatest defense. Positioning yourself in fundamentally sound assets now ensures you aren't merely chasing the rally, but actively owning the next wave of compounding returns.

If your portfolio isn't smiling, it’s time for a clinical audit. This rally is reserved for those holding fundamentally sound stocks. Don’t watch from the sidelines while the market repositions for the real show. Realignment is crucial—ensure you are positioned in high-value stocks today!

To put this historic market surge into context: if a holding has remained in your portfolio for the past 30 days yet continues to languish in the red while the index soars, it is time for a clinical reassessment of its fundamentals. I recently performed this same 'portfolio hygiene'—purging the noise of speculative, low-cap volatility to make room for the market's true engines. In a bull run this aggressive, the greatest risk isn't just holding a laggard; it's the opportunity cost of not holding a leader.

Dividend Alert: Is Your Bank Account Ready?

It is officially "Payday Week" for several top-performing companies on the NGX! Between today and Thursday, several of our favorite fundamentally sound stocks are scheduled to credit shareholders.

The Schedule:

• Today (April 28): GTCO (₦11.76), Transcorp (₦4.00), and NASCON (₦6.00).

• Wednesday (April 29): NGX Group (₦2.00).

• Thursday (April 30): Geregu (₦9.00) and Lafarge/WAPCO (₦6.00).

What You Should Do:

1. Check Qualification: Ensure you held these shares before the "Closure of Register" date for each respective company.

2. Watch for Alerts: Keep a close eye on your bank alerts as and when due over the next 48–72 hours. I have already started receiving mine.

3. Take Action: If you are certain you qualified but do not receive your payment, do not keep silent.

How to Complain:

If your dividend doesn't arrive, contact the Registrar of the specific company immediately via email. Provide your full name, CHN, and bank details to resolve any "non-receipt" issues.

Don't let your hard-earned dividends sit in the "unclaimed" pile. Let’s stay alert! 

Pro-Tip: If you are unsure who the registrar is for a specific company (e.g., Datamax for GTCO, or CardinalStone, Meristem, etc., for others), a quick Google search for "[Company Name] Registrar" will give you their official email address.

Effortless Compounding: Turning Fundamental Knowledge into Passive Wealth

The first quarter of 2026 has transformed the Nigerian Exchange (NGX) into a masterclass in wealth creation. While the All-Share Index (ASI) is delivering a staggering 40% return, the "Centurions" in your portfolio—those that have crossed the 100% YTD mark—are proving that high-conviction, fundamental investing isn't just about beating the market; it's about redefining your net worth in record time.

The "Centurion" Analysis: YTD 2026 Performance

When the broad market (ASI) is up 40%, it’s a rising tide lifting all boats. However, these specific stocks are "teleporting" rather than just drifting upward:

 

ARADEL (150.73%) - Energy

NGXGROUP (135%) - Financial Infrastructure

NAHCO (124.07%) - Logistics & Aviation Services

LOTUSHAL15 (122%) – Shari’ah-compliant investment

ZENITHBANK (109.55%) - Tier-1 Banking

WAPCO (104.46%)  - Industrial

FIDSON/MAYBAKER (100%) - Pharmaceutical

 

Why This Isn't Just "Luck"

The beauty of this list is that these aren't speculative "meme stocks." Their returns are anchored in Earnings Quality:

• Sector Leaders: You are holding the dominant players in Pharmaceutical (FIDSON), Banking (Zenith), Cement (WAPCO), Logistics (NAHCO) and Energy (Aradel).
• The "Alpha" of Knowledge: The difference between a 40% return and a 150% return is selection. By identifying the above stocks early, you transitioned from tracking the market to owning the market leaders.

 

The Best Money Compounder: Minimal Hassle, Maximum Wealth

For those watching from the sidelines, this data proves a fundamental truth: Stock investment is the ultimate "Smart Wealth" generator—provided you do the homework first.

1. Money that Works While You Sleep: While you focus on your career or family, these companies are out there building factories, refining oil, and processing transactions. Your capital is essentially "hiring" thousands of employees to generate profit for you.
2. The Hassle Myth: Many believe you need to stare at flickering red and green screens all day. The opposite is true. If you buy fundamentally sound businesses, like the above stocks, the "hassle" is minimal. You aren't trading "noise"; you are owning "value."
3. Knowledge is the Shield: The volatility that scares most people is actually an opportunity for the knowledgeable investor. When you understand why ARADEL or NAHCO is profitable, a temporary price dip isn't a crisis—it's a "discount."

 

Final Word

The 2026 rally shows that with the right knowledge, 100% returns in four months aren't just possible—they are happening. Stock investing remains the most accessible way to compound wealth without the overhead of physical business management.

Keep the conviction. When you own the best companies, time is your greatest employee.