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Cowrywise Profile picture
Cowrywise
@cowrywise
Building wealth takes time. We make the wait worth it. Start easy and safe with automated savings and Naira & U$D investments. Licensed by the SEC.
Oct 8 • 8 tweets • 2 min read
Last year, Nigeria got kicked out of the Frontier Market club because foreign investors couldn’t take their money out.
Translation: “Una economy no get door.” 😭

Now, FTSE Russell just added Nigeria to the watch list for a comeback. Here’s why it matters to you🧵 FTSE Russell is like the international referee that decides which countries are “investable.”

Their categories are: developed, emerging, Frontier, unclassified🫣

Nigeria used to be Frontier. Then our FX wahala demoted us to unclassified in 2023.
Sep 29, 2023 • 6 tweets • 2 min read
A survey carried out on 507 male students in Imo state shows that about 57.2% of school-age children have gambled at least once & 77.6% of these have gambled in the past year.

If these numbers reflect the general Nigerian student populace, we have a crisis on our hands.

A 🧵 In 2001, Premier Lotto (Baba Ijebu) was founded. 8 years after, NairaBet followed.

In 2023, There are now over 50 sports betting sites with over 60 million Nigerians participating actively.

The question is: why is this a problem? If people enjoy betting so much, why stop them?
Oct 31, 2020 • 6 tweets • 3 min read
Hello, Ope is here 😊

There’s something you should know. In September, the CBN reduced the MPR (Monetary Policy Rate). Don’t leave me, I’ll explain what that means.

Simply put, it is the rate at which the Central Bank lends money to your regular banks. #MarketSlice (1/6) Ideally, the higher it is the harder it is for banks to lend out money. The lower it is…(can you complete that?).

Great, I knew you were one smart person. So, a reduction is expected to push banks to lend businesses money at cheaper rates. 🤔
#MarketSlice (2/6)
Jul 1, 2020 • 16 tweets • 8 min read
#31DaysofMoney

This July, we’ll make the right money moves together. With this thread, you’ll find useful money advice, challenges, and gifts 😉 Day 1: Recently, many have complained about low returns.
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Advice: Check out bond mutual funds on Cowrywise (Current returns: ~10% per annum). Please note that these funds are medium-risk. #30DaysofMoney
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Get yours: bit.ly/3gbCdbK Image
Jul 15, 2019 • 11 tweets • 3 min read
🎉 Do you want to help build the first pan-African digital investment platform? Then, you should join our team today! We have couple of openings to fill.
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Follow this thread to apply for a suitable role.
cowrywise.com/careers 1️⃣ Product Specialist

If problem-solving comes to you naturally, we need you here. You’ll play a critical role in keeping thousands users across the globe happy.

Apply here: cowrywise.breezy.hr/p/6cee95e85f86…
May 7, 2019 • 9 tweets • 2 min read
THREAD: "Why do people keep falling for Ponzi schemes?" 🤦🏾‍♂️

It's not because they are stupid, smart people fall into the same trap. So, what's the deal and how can we help? For many of us, the pull and pool of wealth is one that keeps beckoning to us. With the number of expenses to attend to, a majority of people are looking for the next opportunity to make it big financially.
Oct 26, 2018 • 12 tweets • 5 min read
If you are struggling with developing a solid plan to pay back your debts, you should follow this thread.

You can also share as you never know who might need this.

#FAQFridays Debts can steal your peace and affect everything, including your investments for the future, if not properly managed.
This thread will summarize needed steps for managing debts.

#FAQFridays