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Naira Life Vol 140

Naira Life Vol 140

Also: The #NairaLife of a product manager.

Toheeb Lanlehin
July 07, 2025

Volume 140

In partnership with

Good morning 🌞

Out of interest: do you have a money rule you swear by? Chances are you do. We did a fun little experiment and asked 10 Nigerians who’ve crossed the ₦5 million net worth mark the same question. Their answers? Sharp, deliberate, and maybe a little surprising. You might find something useful in there.

Today’s Naira Life features a familiar struggle — a product manager who doubled her income in one year but is stuck in a “what next?” spiral. We’ve all been there, haven’t we? But what does that kind of uncertainty mean?

Let's get into it.

In this letter:

#NairaLife: This Product Manager Is Uncertain About the Next Phase of Her Life

The 25-year-old in this #NairaLife has winged most of her career, taking lucky stabs at different options. While she’s been fortunate to double her salary in a year, she has a different problem: what to do with the rest of her life.

What does this mean for her?

Read her #NairaLife here

Swapping crypto is slow. Obiex fixed that. Over 100,000 users trust us already. You should too.

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Love Currency: This Shop Assistant Is Tired of Her Boyfriend’s Lack of Financial Ambition

Nike* (24) and Yinka* (25) have dated and cohabited for over three years.

For #LoveCurrency, Nike talks about their intimacy and financial struggles, as well as her concerns about his lack of drive. Read the full story here

You’ve figured out survival—now it’s time to unlock growth. Join 1,000+ Nigerians at The Naira Life Con by Zikoko for a day of real, raw conversations. Are you scaling your hustle, building a business, or chasing financial freedom? This is where stories meet strategy.

Expect powerful sessions, speakers, and the community support you need to stack, scale and sustain wealth.

Get a ticket now at 30% off!

10 Nigerian Millionaires on the One Money Rule They Live By

We asked 10 Nigerians, each with a net worth above ₦5m, to share the one rule they swear by to stay on top of their money game.

`From savvy lifestyle choices to calculated risks, these high-flyers have cracked the code to success. Read the full story

Ask Aunty M with Reni

I earn ₦320k/month as a junior staff in advertising, coupled with different side gigs. I do "ajo" and save half of my income. I'll soon get almost ₦2m from my ajo group, but I don't know what to do with it. I have needs (new phone, rent, wigs, and other personal things), but the only important expense is rent. That said, rent is not due for some time, and I may source for help from my family. I'm considering investments, but I also want to enjoy my money—if you know what I mean. If I invest, what do I invest in? Do I buy stocks? I've been thinking of shares but don't know how they work. Do I invest in crypto? I also don't know how it works. I have zero financial literacy, so I'm stumped about what to do. Please, help. - Oyinda, 23

Hey, Oyinda. Congratulations on the income and savings you've accumulated. To make it easier, I suggest you figure out your priorities. If you don't, the ₦2m will disappear and fly away without you understanding where it went. Some things to consider - what are my immediate needs and my long term goals?

You mentioned a phone and rent. If these are immediate needs, put aside a portion of your ₦2m for them. Work backwards to determine how much you need and when you need them.

Then, ask yourself what are your long-term goals. You've mentioned that you want to start investing. Maybe you choose to invest 25% of this ajo money. It would help if you started by investing in the knowledge to help you become more financially literate. You can take a course, read blogs, watch YouTube channels, or binge on a free series like this.

I always recommend investing in stocks rather than crypto for beginners but acquiring knowledge first is critical.

Then you can use 25% of the money to open an enjoyment account to spend on fun things. Remember, life is all about balance. I hope this helps.

Xoxo, Reni

If you're here, you probably have a money or work dilemma. Ask your question and we'll figure out an actionable solution for you.

Where The Money At?!

We can't say we're about the money and not actually help you find the money.

So we've compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.

Again, don’t mention. We gatchu.