Prime Target Blog

Managing your money starts with a simple tool: a personal budget. A budget allows you to see exactly where your money is going so you can spend less than you earn. Whether you want to save for important things, pay off debt, or stop living before payday, creating a personal budget is key to achieving these goals. Let’s look at the steps to creating a budget that works for you. 1. Know your income The first step in creating a personal budget is knowing exactly how much you earn. This is your income, including your salary, side income, and freelance work. It is important to use net income, which is take-home pay after taxes, rather than gross income. For example, if you earn $2,500 a month but after taxes, insurance, and retirement contributions, you receive $2,000, then $2,000 is the amount you should base your budget on. 2. Track your spending Next, you need to know where your money is going. Track all of your spending for at least a month. This includes rent, groceries, transportation...

As Nigeria continues to experience rapid economic growth and urbanization, many industries are emerging as lucrative investment opportunities. From real estate in growing cities to fintech innovation and the growing renewable energy market, investors are looking for new ways to capitalize on Nigeria’s dynamic economy. Here are the key industries with the highest returns in 2024. 1.  Real estate development in emerging cities Nigeria's urbanization rate will reach 52.75% by 2024, leading to increased demand for housing and commercial real estate. While Lagos and Abuja remain the main real estate hubs in the country, emerging cities such as Ibadan, Uyo and Abeokuta are attracting the attention of investors. House prices in Lagos have increased by 18% year-on-year, especially in high-demand areas such as Lekki and Victoria Island. However, despite significant growth, the housing shortage in Lagos remains a challenge, with annual demand of 500,000 units and supply of only 100,000 units...

Investing in the stock market can be a daunting task, especially when navigating the Nigerian market. However, certain stocks have proven to be reliable and lucrative over the years. This blog post dives into the best Nigerian stocks to consider for your investment portfolio, drawing from everyday products and services that people regularly consume. Let's explore these investment opportunities! Investment Platforms to Consider ? Before diving into specific stocks, it's essential to know where to invest. There are several platforms available for investing in Nigerian stocks: *    Bamboo : A user-friendly platform that allows for easy investment in Nigerian stocks. *    Chaka : This platform provides access to various stocks and investment opportunities. *    Sprout : Another option for investing in stocks, though it may not be as well-known. *    IBTC : A more traditional route for investing in Nigerian stocks. Using these platforms, you can star...