Personal Finance
Nigerian banks split sharply on loan pricing in June
Lending rates at six major lenders range from 16% to 46%, and the gap reveals a deeper story about Nigeria’s credit market.
Finance Category
Personal Finance
10 articles6 writers2026 latest
Personal Finance · Lead Story
Nigeria Tax Act 2025 explained: every change that takes effect in 2026
Every major change in the Nigeria Tax Act 2025 explained, from income tax relief for low earners to new compliance rules reshaping obligations across the board.
Tobi Opeyemi AmureJun 23, 20261 min read
10 articles in Personal Finance
News
PayPal’s Silent Bank Move Could Change How Small Businesses Borrow Money
For more than a decade, PayPal has acted like a bank for small businesses without actually being one. Since launching its lending programs, the payments company says it has provided more than $30 billion in financing to hundreds of thousands of small businesses worldwide.
Personal Finance
Retirement and Your Home: Downsizing, Reverse Mortgages, or Relocating
A home isn’t just a place to live; it’s a large investment. As you approach retirement, your property can become a key part of your financial strategy: whether you decide to downsize, tap equity through a reverse mortgage, or relocate to a lower-cost region. Choosing wisely can help you stretch savings, lower monthly expenses, and […]
Personal Finance
How Much You Really Need to Retire Comfortably
Most people approaching retirement share the same question: “How much money do I really need to retire comfortably?”The truth is, the number isn’t one-size-fits-all. Retiring comfortably depends on your lifestyle, income, health, and inflation’s slow creep over time. But financial experts agree that smart planning using income replacement ratios, inflation-adjusted projections, and personalized calculations can […]
Personal Finance
Working in Retirement: How to Earn Without Hurting Benefits
Key Takeaways You can work part-time, consult, or earn passive income in retirement, but you must monitor how earnings impact Social Security benefits and taxes. Before full retirement age, income above the SSA limit ($23,400 in 2025) temporarily reduces benefits; after FRA, there’s no limit. Passive income, such as rent, dividends, or royalties, doesn’t count […]
Investing
Asset Allocation and Risk Management After 50: Is the 60/40 Rule Still Viable?
KEY TAKEAWAYS After 50, risk management becomes more important than aggressive growth; portfolios should prioritize income stability and capital preservation. The 60/40 rule (60% stocks, 40% bonds) still provides a useful foundation but often needs adjusting to reflect market conditions and personal goals. Shifting toward lower-volatility assets, shorter-duration bonds, and reliable income streams (like annuities […]
Personal Finance
Retirement Tax Planning: Hidden Costs You Need to Plan For
Key Takeaways Retirement doesn’t eliminate taxes; withdrawals, Social Security, and Medicare premiums can still create major tax costs. Different income types interact in ways that can push you into higher tax brackets (“tax stacking”). Required Minimum Distributions (RMDs) can raise taxable income and Medicare premiums if not planned strategically. Social Security benefits may be up […]
Budgeting & Saving
Irregular Income: What It Is, How It Works, and Real-World Examples
Irregular income refers to income that changes regularly, instead of arriving in fixed and predictable amounts.
Personal Finance
Why Freelancers Need a Different Retirement Strategy Than W-2 Workers
The number of freelance employees reached 20 million Americans in 2024, and this group contributes about $1.5 trillion to the U.S. economy. However, these non-employed workers have a retirement savings crisis that conventional financial planning cannot resolve. While W-2 employees enjoy automatic payroll deductions and employer matching contributions, freelancers confront a stark reality. According to […]