Felix Komuo

Felix Komuo is the founder and editor of MoneyTrut, a personal finance and money publication focused on making financial topics easier to understand and apply in everyday life. With a professional background in engineering and a practical, analytical approach to problem-solving, Felix focuses on breaking down complex financial topics into clear, useful information. At MoneyTrut, he covers personal finance, saving, investing, banking, business and financial consumer issues, with particular attention to practical examples, numbers and real-world situations. MoneyTrut provides general educational information and is not a substitute for personalized financial, investment, tax or legal advice.

Make Money

How to Make Money as a Freelancer in Nigeria: A Practical Beginner’s Guide

Felix Komuo Sep 6, 2026, 3:23 PM Sep 6, 2026, 3:42 PM

Freelancing can be one of the most practical ways to earn extra income in Nigeria without renting a shop or investing heavily in inventory. You sell a skill or service to individuals and businesses and get paid for completing specific work.

Money Truth

Why You Still Feel Broke Even When Your Salary Increases

Felix Komuo Sep 4, 2026, 7:36 PM Sep 4, 2026, 7:43 PM

A salary increase can improve your finances, but only if part of the additional income is converted into savings, investments,...

Banking

How to Choose the Right Bank Account in Nigeria

Felix Komuo Sep 4, 2026, 7:03 PM Sep 4, 2026, 7:23 PM

The best bank account is not necessarily the one with the highest advertised interest rate or the most features. It...

Business

How to Start a Small Business in Nigeria With Little Money

Felix Komuo Sep 4, 2026, 6:37 PM Sep 4, 2026, 6:45 PM

You can start a small business with limited money if you choose a business model that matches your available capital. The...

Make Money

How to Make Money Online in Nigeria: Realistic Ways That Actually Work

Felix Komuo Sep 3, 2026, 10:59 PM Sep 3, 2026, 11:37 PM

There is no single online money-making method that works for everyone. For most beginners, the most practical starting point is to...

Investing

FGN Savings Bonds in Nigeria: What They Are and How They Work

Felix Komuo Sep 3, 2026, 10:33 PM Sep 3, 2026, 10:36 PM

An FGN Savings Bond is a government debt security issued by the Federal Government of Nigeria through the Debt Management Office (DMO). When you buy one, you are effectively lending money to the Federal Government.

Investing

What Is a Government Bond in Nigeria and How Does It Work?

Felix Komuo Sep 3, 2026, 9:38 PM Sep 3, 2026, 10:25 PM

A government bond is a debt investment issued by a government to raise money. When you buy an FGN bond,...

Investing

What Is a Bond and How Does It Work in Nigeria?

Felix Komuo Sep 3, 2026, 7:42 PM Sep 3, 2026, 7:57 PM

A bond is a debt security that allows an issuer to borrow money from investors. The investor becomes a creditor...

Investing

What Is a Fixed Deposit and How Does It Work in Nigeria?

Felix Komuo Sep 3, 2026, 6:54 PM Sep 3, 2026, 7:22 PM

A fixed deposit is a deposit arrangement where you place money with a financial institution for an agreed period in...

Investing

Money Market Fund vs Treasury Bills: Which Is Better in Nigeria?

Felix Komuo Sep 3, 2026, 6:29 PM Sep 3, 2026, 6:38 PM

Money market funds and Treasury bills are both relatively conservative investment options, but they work differently. Treasury bills are short-term...