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4 Small Investments That Can Help You Make Money On the Side

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Most people can use a little extra money on the side — but this is especially true for women. That’s because women tend to live longer compared to men and generally take more time off (due to having children). We also earn less. In fact, Nigeria’s gender pay gap was previously ranked one of the highest in the world by the United Nations Development Programme. Digging deeper, more recent available data also suggests that half of the female population of Nigeria occupy clerical positions, sales, health care, social care, and education roles. Most of these are not lucrative fields.


Given these realities, women need to do more than just save. We need to earn more. In this article, we suggest four small investments that can help you make money on the side.

Sell Online

This Day reports that online shopping is growing in popularity in Nigeria, and this will be the case moving forward as more people purchase goods online. A recent report predicts that e-commerce will account for 10% of the overall retail sales in Africa, with Nigeria’s active consumers playing a large role in that growth. This surge in popularity can be attributed to Nigerians craving convenience and personalisation when shopping, as well as the increased use of cashless payments.

So if you’d like to cash in on this rising trend, it’s best if your product fills a specific need. Today, electronics still dominate the local e-commerce market, so you can try to find success by selling televisions, cameras, audio equipment, and other gadgets online. Fashion, health, and beauty products are also in high demand and sell well on social media platforms like Instagram.

Trade Forex

Foreign exchange (forex) trading is an effective way to earn money on the side, as you don’t have to do it full time. You also don’t need to make a sizable investment. Daily Post notes that traders deposit around $514 on a quarterly basis, which is equivalent to ₦185,550. While this may not generate much revenue, it will give you the confidence to gradually build up your trading knowledge as you learn more about the market. ‘What is Forex’ by FXCM explains how there are plenty of forex on-demand lessons and webinars available that can help you get up to speed with trading. Reputable sites even offer demo accounts so you can practice for free. We suggest you give these demos a try. The more you get familiarised with forex trading, the more money you will feel happy to invest and earn.

Peer-to-Peer Lending

Peer-to-peer lending is as the name suggests: You lend money to your peers with interest. The future of peer-to-peer lending in Nigeria is bright, with companies like FINT continuing to grow. Founded in early 2017, FINT aims to “empower Nigerians by making loans more accessible and affordable; and lending more rewarding.” They screen borrowers thoroughly. This means only trustworthy borrowers capable of paying can secure a loan. With peer-to-peer lending gradually growing in popularity in Nigeria, this is a good market to invest in to make some extra money.

Trade Stocks

Similar to forex trading, trading in the stock market is an effective way to make money without investing too much time, as it is a passive way of earning. You can start by investing a little through online stock brokers. There are several online brokers that are perfect for those starting out as they don’t take commissions. You will have to do the research on the companies you want to invest in and ideally they should be performing well or have the potential be successful in the future. The more stocks you buy, the bigger the earning potential. As with any trading, you need to be aware of the risks and ensure that you are not putting yourself into financial difficulty by investing too much. Come up with a financial plan that will mitigate your losses.

As these four investment methods show, it is easy earn money on the side. All you need is the confidence to do so, and soon those small investments will start to generate big returns.

Metro News

Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

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 Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

Ondo on map

Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.

According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.

This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.

 

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Tech News

TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

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The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.

The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.

Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.

The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%
cashback.

TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
gaming experience.

The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
absolutely enjoy.

The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.

The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.

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Metro News

BREAKING: Court Jails Rep Member For Lying

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BREAKING: Court Jails Rep Member For Lying

Court

A member of the House of Representatives, Victor Mela has been sentenced to one-month imprisonment by a Magistrate Court in Wuse, Zone 6.

The lawmaker who represents Billiri/Balanga federal constituency was, however, given an option of fine.

Also Read: North Is The Worst Place To Live In Nigeria -Sultan of Sokoto

Recall that on November 10 that a magistrate court found the lawmaker guilty of lying under oath while filling the CD001 INEC form prior to the 2019 elections.

The magistrate had, however, set a different date for sentencing of the lawmaker after his lawyer pleaded for leniency.

Mr Mela swore to an affidavit thrice, denying citizenship of another country whereas he has a British passport.

 

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