MAKING SMART MONEY MOVES IN TIMES OF ADVERSITY
CELEBRATING 5 YEARS OF I-INVEST
Editor-in-Chief: Nonso Nduanya
Editor: Gloria Agbomadzi
Layout: Chidumebi Nwaeze & Daniel Okpapi
Photography: Chidumebi Nwaeze & Daniel Bako
Images: Shutterstock
• Hot Times and Cool Wins
• Making Smart Money Moves in Times of Adversity
• i-invest Turns 5: Fun, Frolic, and Financial Frenzy!
• Another Success Story!
• Money 20/20: Shaping the Future of Fintech
• Meet Our New GMTs / GTTs
By Nonso Nduanya
Why is it so hot everywhere? I know it has been raining cats and dogs, but the heat has been unbearable! Oh, I'm not talking about the weather—who discusses boring topics like that? I'm referring to how the rising cost of living is literally generating a lot of HEAT! Yes, that kind of heat that dries your pockets faster than an air dryer.
Okay, let's take a step back.
So, it’s been drama on drama since Nigeria’s new regime commenced on May 29th. First, the new president dropped an explosive inaugural speech that caused fuel prices to skyrocket, heralding the removal of the long-debated and elusive Fuel Subsidy. Economists and investors praised the bold move, but then the pocketdepleting heat intensified. Did you feel it?
While we were still getting used to the new reality of ₦490 per litre fuel price, more financial reforms followed. The CBN Governor was given the boot, the exchange rate was unified (bye-bye to 'black market' vs CBN dollar rate), and investors flocked to the Nigerian stock market like raging bulls pursuing the matador's red cape, fixated on the kill! As expected (or unexpected in some cases), the Nigerian stock market shattered a few records with prices soaring through the roof.
Bad news—higher dollar exchange rates plus higher fuel prices equals an intense heat that burns large, gaping holes in your pockets, commonly known as 'sapa' on the streets. In simple terms, food prices, transportation costs, utility bills, and general living expenses have risen, putting more pressure on your finances.
Silver lining! Due to the sudden highs observed in the stock market, some wise individuals who invested in stocks reaped the rewards, exchanged smiles with their account officers, and even dropped a few flowers for the new president. Who doesn't like making money,
especially when it’s unexpected, and especially when it's desperately needed! I'm sure you're smiling because you raked in favourable
returns on i-invest (Don't tell me you missed out on this opportunity!). Anyway, there's still more to be made. Stay informed. Make sure to read the insightful daily market updates sent by the Parthian Securities Research team and join the i-invest Telegram community so you don't miss any opportunities.
Continuing with silver linings, i-invest celebrated its 5th anniversary with a two-day shutdown! Trust us Parthians to always know how to have a good time. We work hard and play hard, but most importantly, we blaze the trail for others to follow. Read more about the celebrations on Page 10 and how you can overcome the financial challenges ahead on page 6.
Stay informed. Make sure to read the insightful daily market updates sent by the Parthian Securities Research team and join the i-invest Telegram community so you don't miss any opportunities.
By Nonso Nduanya
Someone struck gold in the desert! How? The desert is not a cool place (pun intended) to go treasure hunting, right? However, when you think of it, a wise saying comes to mind: "Fortunes are found in the most unlikely of places. The key is to never let adversity dampen your spirit, for it is often in the darkest moments that the greatest opportunities arise."
It’s been a rollercoaster journey since the start of
the month with so much happening on the political and economic landscapes. The new government is implementing some tough economic reforms. These laudable reforms have, however, come with inevitable pain – more than enough to go round. I mean, if Dangote could lose his 10-year uninterrupted reign as Africa’s richest man within this period, you could only imagine what "Sapa," the intense pocket-
draining phenomenon, is currently doing to the “urgent 2k” tribe down in the “trenches”.
While the current economic situation might seem daunting, there are ways to uncover the gems hidden in adversity and turn the financial turbulence into an opportunity for growth. Here are seven steps to help you unleash your financial prowess and make some smart money moves that will have you coming out on top!
When times get tough, it's crucial to adopt a positive mindset. Instead of dwelling on the negatives, focus on the opportunities that lie within the challenges. Believe in your ability to overcome obstacles and see them
as steppingstones toward success.
Like a Boss: Creating a budget is the foundation of financial stability. Take a close look at your income and expenses and allocate your money wisely. Prioritize essential needs while trimming unnecessary expenses. A well-planned budget will help you stay on track and weather the storm.
In tough times, every kobo counts. Look for ways to boost your savings. Start by cutting back on non-essential purchases and diligently tracking your expenses. Consider automating your savings (i-invest allows you to do this easily), setting
While the current economic situation might seem daunting, there are ways to uncover the gems hidden in adversity and turn the financial turbulence into an opportunity for growth.
aside a percentage of your income each month. You'll be surprised at how quickly those savings can add up!
While investing may seem intimidating, it can be a powerful tool for building wealth. Take the time to educate yourself about investing basics and explore opportunities that align with your risk tolerance. Start small and gradually increase your investment portfolio over time. Remember, patience and long-term thinking are key to successful investing.
The world of finance is everevolving, so it's essential to stay informed. Follow trusted
financial news sources, read books on personal finance, and join online communities to gain insights from others. Adaptability is crucial during tough times, so be open to new strategies and adjust your financial plans as needed.
Take advantage of technology to make your financial life easier. Use budgeting apps, expense trackers, and investment platforms to simplify money management. Explore platforms like i-invest to access investment opportunities at your fingertips. Embrace the digital tools available to help you make informed financial decisions.
Don't hesitate to seek guidance from experts or mentors who have experience in navigating tough financial situations. Attend financial webinars, workshops, or local seminars to expand your knowledge. Engage with online communities and share experiences with like-minded individuals. Together, you can learn, support, and uplift each other on your financial journeys.
Remember, tough times don't define you; how you handle them does. By adopting a positive mindset, budgeting wisely, and making smart money moves, you can not only survive but thrive during challenging periods.
i-invest, Nigeria's coolest digital investment platform, recently celebrated its fifth birthday in style! The party was an absolute blast, packed with exclusive insights and opportunities for our fantastic investors. Here are some of the highlights and unforgettable moments that had us jumping for joy:
We kicked off the celebrations with a bang on May 26th with "A Day in May with i-invest." Our incredible staff had a day filled with team-building activities, hilarious games, and bonding like never before. We believe in working hard and playing even harder!
The excitement continued to soar on May 27th at the "Grow with i-invest" Investment Mixer. Financial investors, business executives, and industry stakeholders came together for an afternoon of networking, knowledge-sharing, and plenty of fun. We even had some special guests joining us to share their expertise!
We were thrilled to have Ugo Obi-Chukwu, also known as Ugodre, the founder of Nairametrics, grace our celebration. He shared incredible insights, financial wisdom, and gave us a glimpse into the exciting future of investing. Let's just say the crowd was buzzing with inspiration!
Muktar Mohammed, the mastermind behind Finance with Muktar, also joined the party. With his signature charm and financial expertise, he captivated the audience with his valuable tips and tricks for making smart money moves. We were all ears and ready to conquer the investment world!
Of course, no celebration is complete without laughter, smiles, and unforgettable memories. We danced, we laughed, and we raised our glasses to the incredible journey of i-invest and the success of our investors. Cheers to five years of financial freedom and endless opportunities!
As we reflect on the past five years, we are overwhelmed with gratitude for the trust and support our clients have shown us. i-invest is more than just a platform; it's a community of fearless investors ready to conquer the financial world.
Thank you for being a part of this incredible journey! Let's continue to grow, thrive, and make our financial dreams a reality together. Here's to many more years of success and prosperity with i-invest! Cheers!
At Parthian, professional growth and succession planning are not taken for granted. We just wrapped up the Management Development Program in May 2023 with enthusiasm and outstanding participation. The goal was to equip employees with essential skills across all business functions and it was a success!
The programme took a fun and immersive approach to learning, enhancing both hard and soft skills for confident and agile management. It focused on multidimensional thinking and Parthian Management Development Programme at Lagos
Participants gained expertise in strategic thinking, financial analysis, marketing essentials, leadership, and effective communication.
preparing future leaders for senior positions or new ventures.
Participants gained expertise in strategic thinking, financial analysis, marketing essentials, leadership, and effective communication. They learned to manage relationships, build social capital, and create strategic partnerships. Feedback from participants was overwhelmingly positive. The practical approach, networking opportunities, and insights from LBS faculty were highly appreciated.
Money 20/20:
Attending Money 20/20, which took place in Amsterdam from June 7th to 9th, 2023, was an eye-opening experience that brought together the money ecosystem to shape the future of fintech. Our i-invest team engaged in diverse conversations over three days, covering topics such as fintech startups, funding, market research, Ai optimisation, marketing, and regulatory engagement.
The conference's focus on building wealthtech and empowering individuals stood out as a highlight.
The conference's focus on building wealthtech and empowering individuals stood out as a highlight. Interacting with experts and participating in activities left the team inspired and eager to implement fresh strategies for sustained growth.
Gafar Bashiru 1st May
Kate Yalwa 15th May
Grateful Pelemo 10th May
Aderonke Akinyemi 19th May
Toheeb Bankole 20th May
Joshua Olumefun 31st May
Murphy Bolarinwa 10th May
Daniel Okpapi 4th June
Koleola Kuyoro 1st June
Lara Ogunniyi 12th June
Olufunmilola Smith 11th June
Jesutofunmi Osho 13th June
Victor Adetola 12th June
Ifeanyi Onyejekwe 9th June
Ejiro Efegherimoni 20th June
Introducing our dynamic new aspiring business leaders! The new Graduate Management Trainees (GMTs) and Graduate Tech Trainees (GTTs) are all set to get empowered with the essential skills and guidance to excel in their careers. Let's give them a warm welcome as we nurture success and foster a community of excellence at Parthian!
Click play to watch their respective interviews as they share more about themselves and expectations from the programme. Remember to like and share. Happy viewing!
You are: Resilient
Motivation: The drive to be someone who would one day make an impact and be an Inspiration to millions of individuals all over the world.
Hobbies: Drawing/ Designing Watching movies
Reading books
Biggest fear Uncertainty
You are: Amazing Motivation: My family and the picture of the future I want to have.
Hobbies: Reading, listening to music, hanging out with friends and family
Biggest fear
Failure/poverty
You are: Gifted
Motivation: As a man thinketh, so is he.
Hobbies: Music, Meditation, Learning
Biggest fear Average
You are: Fun
Motivation: The need to live a healthy, beautiful and fulfilling life.
Hobbies: Gisting, Designing, Watching videos
Biggest fear None
You are: Determined
Motivation: The sense of fulfillment that comes from helping others and making a positive difference in their lives.
Hobbies: Playing games (FIFA, Scrabble, Chess, etc), Listening to Music (particularly the instrumentals), and Traveling.
Biggest fear Rejection
You are: Tenacious
Motivation: The need to be better than I was yesterday so as to grow in all aspects and fulfill my destiny, as well as the deep desire to provide for my loved ones and people around me thereby impacting the world.
Hobbies: Listening to music, reading and spending time with the girls.
Biggest fear
Failure
GMT
You are: Multi-faceted
Motivation: The drive to learn and be better than I was the previous day is what motivates me.
Hobbies: Reading, Writing & Travelling.
Biggest fear Failure
