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Never Make This Money Mistake, Else, You’ll go Broke Like Charles

Gudtalent Chrisent



money mistake

What Kind of Saver are you?

Before you rush to answer this question, I would really want you to think very carefully.

It’s OK if ordinarily, you’re a natural saver. But will you look the other way should you notice your friend/sister/ brother isn’t?

Convincing to save isn’t easy; I know that. Especially when one is all head wrapped in the reason he spends. Ask him anytime, the reason he spends is justified so trust me no one blames you if you’re reluctant with your savings.

…it’s not your fault after all. No thanks to the use of bank mobile App, ATM cards and POS transactions for all kinds of purchases.

They’re lots of side distractions that can turn an objective saver to a careless saver; while few spend money on drinks, clubs, clothing, etc., mine is “BET”.

Yea! You heard me; bet.

It has been designed so beautifully in such a way that the thought of winning N1000000 with just N100 keeps me awake into the night.

I got so deep into bet that I spent half of my day on prediction sites studying football winning and keeping tracks of matches and their previous winning.

I had one strategy then, study 6-7 good clubs; understand their strengths and weaknesses and bet. Betting home win or away win (1/2) wasn’t really my thing.

…because although football can’t be predicted a times., I would rather play a safe game of Ov 1.5, Ov 2.5 (especially with strong teams like Barcelona, Olympiacos, PSG, Inter Milan, AC Roma and their likes) and 12 in at least 2 different ways than play home win, or away win.

It always worked for me. I won most of the times and loose few as well.

But like all gamblers; the desire to play and win more grew. I searched for bet/prediction channels on BBM; paid an unknown person to share a supposed fixed HT/FT game… and BOOM I started winning big!

The odds were high, the stakes were higher… although I loosed more than I bargained for, I couldn’t control what I was doing.

My account kept draining; (of course, my ATM was attached to my bet account so it was always easy to top up) and I was 110% very optimistic I will win back every single dime I’ve lost.

Even when my love for winning turned into greed and then desperation, I still couldn’t stop myself. Instead, I jumped from one bank to another until my total balance was N4000…

My eye became clearer…at this point I was broke!!!

I had an automatic brain reset when I went back to my dashboard and calculated my losses. But then, what can the son of man do but to start saving afresh?

It’s painful all those money gone, It’s painful there was no “digital savings tool like Sumobank” that could help restrict my withdrawal (3years ago), it’s painful everyone around me were gamblers too and no one could really stop us.

That was me; 3years ago. How about you today? What kind of saver are you?

– target driven saver

  • objective saver
  • or careless saver

Wouldn’t you prefer to save wisely?

Have you ever thought of building a betting shop from your winning? Have you ever considered splitting your winning and lock up one part (in order not to withdraw it) of it so as to earn 10-15% interest per annum?

Have you ever calculated the much bet shop owners make from your losses?

If you’re considering that; then start by

  1. creating a Sumobank account here
  2. attach your card,
  3. set a Mission, save and thank me later.

Learn from my mistakes and these are money mistakes to avoid in your 20s and 30s, don’t be like me!!!

Download the Sumobank App Google Play Store here.



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Business Ideas

How to Make Money Online in Nigeria




Nigerian government still struggles to provide enough jobs for its citizens. The unemployment rate is currently peaking at 27.10% in Nigeria (December, 2020). That is a whole lot of people without a job in the country. It might have contributed to the increase in the crime rate in the country. Even though it seems there is no job in the country, looking closer you would find there are various other opportunities to make money online in Nigeria.

The online space has provided us with many legit ways to make money online. Whether you are unemployed, a part-time worker, or fully employed, you can still take advantage of some of these ways to earn extra income for yourself.

Many are skeptical to engage with anything that deals with making money online. This is because there has been a lot of incidence of people getting scammed online. However, this article contains verified and legit ways you can follow to start making money online.  Note that some of these ways will require you to have or acquire certain skills to be able to make money with them.

How to Make Money Online in Nigeria

How to Make Money Online in Nigeria

5 Ways To Make Money Online in Nigeria Legitimately

1. Start Blogging

This is one sure way of making cool cash online. Blogging has turned out to be a big business in Nigeria with the likes of Linda Ikeji raking in millions in profits every year. It is as simple as just sharing information about your daily life online, or writing informative articles for people to read each day. These articles range from entertainment, politics, personal life, religion, and so on. It can be easy to start, and all you would need is a phone, laptop, or tablet plus a good internet subscription.

There are various tutorials that can teach you in minutes how to start blogging properly. Most bloggers get paid when they run an advert for people on their sites. You would need to have a reasonable number of visitors on your blog before you start getting clients to place their advert on it. Blogging can easily make you a millionaire with you earning in the range of N50,000 to N2 million per month depending on the amount of work you put into building your blog.

2. Become a Freelancer.

Do you have a digital skill you are very good at? Freelancing can be a profitable way for you to make that extra income. Freelancing is simply a way you offer your services online to clients who need it and they pay you for your hard work. A lot of employers nowadays are seeking out freelancers to work on their projects.

One great thing about freelancing is that you can choose your working hours. Even when you have your regular job, you can choose to freelance after work hours and make some extra bucks. Other benefits of being a freelancer include the ability to choose your clients as well as the kind of projects you want to work on. You can also choose to make freelancing a full-time job and be your own boss.

Skills you can offer as a freelancer include; graphic design, web design, app development, voice-over, etc. You can also get simple jobs like proof-reading, typesetting, transcribing, etc. There are many websites where you can offer your services, but the three most popular ones are Upwork, Fiverr, and Freelancer.

3. Start your own Website.

You do not need a degree in computer science to become a website owner. There are various online templates that can let you build a website without a single code. Just like blogging, you need to constantly upload relevant content on your websites to gather an audience. The more audience you have, the better your chances of making money with your website.

When you have quite an amount of audience, you can sign up on Google Adsense. Through this, you would be able to make money on your website by sharing ads for google on your posts. Your earning power depends on the number of traffic you can drive to your website per day. It is advisable to focus on one or two niches to be able to target a specific audience. This will keep them loyal to your website if you keep giving them the premium content they want.

4. Become a Digital Marketer.

A lot of businesses are starting to move onto the online space. Creating a virtual presence for themselves. They have blogs, social media pages and even applications designed particularly for them. Managing these platforms, the right way to generate profit for the business can be very technical and may require the service of a professional.

A digital marketer is someone that knows how to drive an audience to a particular platform or business with the aim of making a sale. As a digital marketer, you can offer your service to these business owners. Helping them manage their social media pages and offering them advice as it relates to promoting their businesses. If you know your craft, you can earn salary ranging from N180,000 to N350,000 per month.

5. Teaching an Online Course.

If you have a skill you can teach others online, this is another way to make money online. In fact, anything you know which can be valuable to others, you can teach. You don’t have to be an expert to teach others what you know. Once you have a good grasp of the topic or skill, you can easily teach others and get paid while doing that.

So, that’s it on avenues to make money online in Nigeria. There are other ways though but these are some of the highly legit and comprehensive ways to make money online in Nigeria today.



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Venture Capitalist Firms in Nigeria You Should Trust




Venture capitalist firms popularly referred to as “VC” are mostly needed for small-scale services. They invest in people’s business and make sure it grows and brings a lot of profit. There are so many of Venture Capitalist firms in Nigeria and while some can be dangerous to ones business, there are others that can be very good and beneficial.

Examples of venture capitalist firms in Nigeria include Venture platform, SPARK capital, EchoVC Partners, Growth Capital Fund, SLA Accelerator LeadPath Nigeria, Lagos Angel Network (LAN), GreenTree Investment Company, Greenhouse Capital, Microtraction, to mention few.

Here is why some or all of these VCs are very good when it comes to investing with them. Some of the ones I list and explain below are what I deem to be the Venture Capitalist firms in Nigeria you should trust.

Venture Capitalist Firms in Nigeria You Should Trust

Venture Capitalist Firms in Nigeria You Should Trust

Top 10 Venture Capitalist Firms in Nigeria You Should Trust

The top 10 Venture Capitalist firms in Nigeria that I will be covering in this article are

  1. Venture platform
  2. SPARK capital
  3. EchoVC Partners
  4. Growth Capital Fund (GC Fund)
  5. Greenhouse Capital
  6. SLA Accelerator LeadPath Nigeria
  7. Lagos Angel Network (LAN)
  8. LeadPath Nigeria
  9. GreenTree Investment Company, and
  10. Microtraction

(1) Venture Platform

Venture Platform was founded by Kola Aina and their major role is to help start-up companies in Nigeria grow. The Company also extends its services and coverage to other parts of Africa which makes it a reliable company to consider when choosing a Venture Capitalist firm to invest in Nigeria. They have helped a number of startup companies to grow example of which includes Piggybank, MobileForms, Jalo, etc.

(2) SPARK Capital

SPARK Capital focuses on building companies mainly in Lagos and its founded by Jason Njoku. They have helped a lot of companies in funding and most of the companies include Paystack, OgaVenue, Drinks NG, etc.

Paystack Company was recently (2020) sold for 200 million dollars which improves the profit of SPARK Capital. Mostly, this venture capitalist receives 30% and more profit. Funding and making Paystack a global company to be sold at that huge amount suggests that they are a good company to invest with.

(3) Greenhouse Capital

Greenhouse Capital was founded by Venture Garden Group with the vision of becoming the biggest Fintech Company in the whole of Africa. It was founded in 2016 and they already have a strong stand when it comes to investment in business. They have helped popular companies from startups to established businesses to become a massive and major business to be reckoned with in Nigeria.

Examples of companies funded and helped by Greenhouse Capital include Flutterwave, Rensource, Riby, TalentBase and many more. Max NG is also one of the companies funded by Greenhouse Capital. Max NG is an okada business just like Opay. For Max NG to still be standing and operating well in Nigeria till date even with the emergence and disappearence of Opay’s Oride, it shows that the Greenhouse Capital is a strong Venture Capitalist to trust in starting and supporting of business.

Related: Why You Should Avoid Venture Capitalists And Angel Investors In Your Business

(4) Growth Capital Fund (GC Fund)

GC Fund just like other Venture Capitalists helps start-up businesses in Nigeria. They support innovative ideas and help to fund them. Their main purpose in funding businesses is building of infrastructure by using technology. Some of the companies that invest with Growth Capital are OMidyar Network, Bank of Industry, and Venture Garden Group. Remember that Venture Garden Group is the founder of another VC company called Greenhouse being discussed earlier. For a VC Company which is Growth Capital to fund Venture Garden Group which later founded another trusted VC Company is very remarkable and shows how strong and trustworthy they are.

(5) LeadPath Nigeria

Leadpath Nigeria company like other VC companies helps in funding other startup companies. But it’s not only startup companies that they fund. Any medium-sized company that is interested in more funding can also go to LeadPath Nigeria for funding.

They support majorly the growth of mobile technology idea and other software and web startup businesses. Leadpath supports with funds ranging from $25,000 to $100,000 for a start-up and several millions later as follow-up.

(6) GreenTree Investment Company

This, just like other investment companies also deal with start-up companies and invest in them to profit from them greatly. They provide a great framework for a company and also help in legal financial advice to the baby company. This company like also others have funded and invented in lots of companies and they were started in 2014. Examples of the companies being funded by GreenTree include Precurio and Big Cabal Media.

(7) Microtraction

Another example of a Venture Capitalist firm in Nigeria to trust is Microtraction. Microtraction also helps in funding of startup companies like others. Microtraction funds in billions of dollars which makes them a high funding company. It doesn’t take a fraud company to this stage of financially funding other businesses in billion dollars but a company that’s worth trusting when choosing a Venture Capitalist firm to invest in. They invest in ideas that are technology-driven and which are proven to be very smart.

Microtraction has funded a lot of popular companies in Nigeria which include Cowrywise, BuyCoins,, ALLpro, etc. Most of these new companies deal with bank-related businesses and cryptocurrencies. So, if you have an idea about developing a business that deals with saving money or any cryptocurrencies, Microtraction is the venture capitalist firm to trust.

(8) Lagos Angel Network (LAN)

Moving further on the list of Venture Capitalist companies to trust is Nigeria is Lagos Angel Network (LAN). This is also a Venture Capitalist firm that deals with startup businesses and they are very active in Africa. Angel investors are individuals or professionals that come together and raise funds and to invest in startup businesses.

Since being a professional angel investor gives one the idea of a business to grow or not to grow, this venture is definitely among the companies to trust when investing with them. They were founded in Lagos and in the year 2014. Also, they are based in Lagos State, Nigeria and have funded a lot of startup companies located mostly in Lagos. In short, they have funded dozens upon dozens of startup companies.

(9) EchoVC Partners

This is another Venture Capitalist firm you can’t even miss even if you want to. The name speaks volume because the tagline, “VC” is already incorporated into the company name. EchoVC Partners is a Nigeria company that has extended its tentacles to other part of the world like sub-Saharan Africa and North America. It has become an international company which has proved reliable over time. They also help startup companies and invest hugely in them. EchoVC has proved to be a leading Venture Capitalist around the world by investing in some popular companies which include Hotels NG, Care45, Lifebank, MyPadi, etc.

(10) SLA Accelerator

Honorable mention includes the SLA Accelerator which has helped young African women with funding in ensuring a successful career for them. This company has been featured in CNN, CNBC Africa, and other important news outlet in the world.

When looking for a venture capitalist to fund your business ideas, these are some of the best ones to always look out for and you will never regret it.



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App & Software

Paystack Profile: About, Team, Contacts, size, Funding, and Salaries

Chijindu De-wigwe



paystack company



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