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Simplebox or Ajo (Thrift Contribution): Why Consistent Savers Deserve More

Saving money is not new to Nigerians. For years, many people have relied on Ajo (thrift contribution) to stay disciplined and achieve their financial goals. But here’s the big question: If you’re already disciplined enough to save… shouldn’t you be rewarded for it? That’s exactly why Simplebox was created. Let’s compare both and see why Simplebox is the smarter…
1 day ago0Comments

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Financial Tips Saving Tips Savings

Savings vs Investment: Which One Should You Prioritize First as a Nigerian?

If you ask 10 Nigerians about money, at least 7 will tell you, “I want to invest.” Crypto. Real estate. Forex. Stocks. Side businesses. But here’s the uncomfortable truth many people skip👇 Investing without proper savings is gambling. So the real question isn’t savings vs investment — it’s what comes first? Let’s break it down: What Is Savings (Really)? Savings is money…
February 9, 20260Comments

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Beginner Investment Tips Saving Tips Savings

Why Saving Money Is Not Enough in an Inflation Economy

Saving money has long been considered a smart financial habit. We’re taught to “put something aside,” build an emergency fund, and avoid spending everything we earn. But in today’s economy—where prices rise faster than salaries—saving alone is no longer enough. In an inflation-driven economy like Nigeria’s, how you save matters just as much as how…
January 12, 20260Comments

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2025 Savings

How Can Young Nigerians Save Consistently Despite The Low Income and Rising Inflation?

Saving money in Nigeria today isn’t easy — especially for young people dealing with low income, unstable job opportunities, and rising inflation. Prices keep going up, salaries hardly move, and emergencies appear from nowhere. Yet, the truth remains: consistent saving is still possible when the right structure is in place. This is where intentional planning and…
November 21, 20250Comments

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Savings Savings & Investments

SavingsBox Announces New Interest Rate on Its Savings and Investment Products

Fintech startup celebrates over 11,000 active users within first year of operations. SavingsBox, a rapidly growing fintech company launched in January 2024, has announced a significant increase in its fixed-deposit investment interest rate to 25% per annum. The move comes as the company celebrates surpassing 11,000 active users within its first year of operations. Speaking on the…
August 8, 20250Comments

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5 Smart Financial Habits to Adopt in 2025: Build Wealth with Savingsbox

The year is moving fast, but it’s never too late to take control of your finances. Whether you’re just starting out or already working towards your goals, adopting smart financial habits can make a big difference. In Nigeria, where unexpected expenses and rising costs can catch anyone off guard, having a solid financial plan is…
January 28, 20250Comments

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Compound Interest Explained: The Secret to Growing Your Wealth

Imagine you have a small mango seed. You plant it, water it, and over time, it grows into a big mango tree. This tree doesn’t just give you one mango; it gives you many, and inside each mango are more seeds. If you plant those seeds, you’ll have even more mango trees in the future.…
January 21, 20250Comments

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Master the Art of Budgeting: Tips & Tools for a Financially Strong Year

As we enter 2025, getting better at managing your money is more important than ever. With changing financial goals and the economy, it's key to use smart budgeting methods and tools that help you handle your money better. Let’s look at some advanced ways to budget and the best tools to keep you financially strong…
January 14, 202528Comments

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