Editorial and Fact-Checking Policy

Effective date: May 11, 2026

Last updated: September 24, 2026

1. Our Editorial Mission

KiboRise exists to help Nigerians understand an asset before they invest in it. Our editorial standard is simple: accurate, sourced, dated and independent. We aim to explain how Nigerian financial products and markets work, in clear language, so that readers can reason for themselves and evaluate professional advice critically. We do not tell readers what to buy or sell.

2. Editorial Independence

KiboRise is independently owned and operated. Advertisers, brokers, fund managers, platforms and other third parties do not commission, review, approve or influence our editorial content. We do not accept payment in exchange for favourable coverage, rankings or recommendations. Where we ever include sponsored content or affiliate links, they will be clearly labelled, separated from editorial analysis, and will not change how we assess a product.

3. Authorship and Accountability

Every article is written or supervised by the publisher and lead finance writer, Chimezie Victor, who has invested directly in the Nigerian capital market since 2020. The author is accountable for the accuracy of published content. Author details, credentials and the limits of our expertise are disclosed on the author page. Where a piece draws on a qualified external expert, we will name that person and describe their role.

We may use software tools, including spell-checkers and, where used, AI-assisted drafting or editing tools, to support the writing process. Such tools are never a substitute for human verification. Every factual claim, figure and calculation is checked by the author against primary sources before publication.

4. Data Collection and Verification Methodology

Step 1: Source hierarchy. We rely on sources in this order:

1. Primary regulatory and official sources: the Securities and Exchange Commission (SEC) Nigeria; the Nigerian Exchange Group (NGX) and its official disclosures; the Central Bank of Nigeria (CBN); the Debt Management Office (DMO); the National Bureau of Statistics (NBS) for inflation and macroeconomic data; and applicable legislation and regulations.

2. Issuer and company documents: audited annual reports, quarterly and interim financial statements, prospectuses, pricing supplements, dividend and corporate-action announcements filed with the NGX, and official fund fact sheets and trust deeds.

3. Secondary sources: reputable financial media and academic or institutional research, used for context and never as the sole basis for a statistic.

Step 2: Cross-checking. Every metric, rate, price, yield, ratio and regulatory statement is cross-referenced against at least one primary source, and against a second independent source where the figure is material or where sources may differ. Where sources conflict, we prefer the primary source and note the discrepancy where it matters.

Step 3: Calculation review. Yields, returns, tax effects and other calculations are recalculated from the underlying source figures, and the method and assumptions are stated so that readers can reproduce them.

Step 4: Separation of fact and opinion. We distinguish regulatory facts and reported data from our interpretation, hypothetical examples and strategy models, and we label the latter clearly.

Step 5: Pre-publication check. Before publication, the author verifies names, dates, figures, links and citations, and confirms that the article carries the appropriate educational disclaimer and does not contain personalised advice or guaranteed-return language.

Step 6: Attribution. Where a claim rests on a specific source, we name it and, where possible, link to it. We do not reproduce copyrighted material beyond fair, attributed quotation.

5. Chronological Data Locking

Financial data has a shelf life. To prevent stale figures from misleading readers, we apply chronological data locking: any rate, price, yield, fee or regulatory threshold that appears in an article is tied to an explicit date, stated in the text or in a source note (for example, “as at the [date] auction”). A date-stamped figure is a statement of what was true on that day, not a permanent fact. Readers should treat every dated figure accordingly and confirm the latest value with the primary source.

We show two dates on articles: Published, the date of first publication, and Updated, the date on which we last made a substantive change. We do not alter the Updated date for cosmetic edits, and we never backdate content.

6. Review and Update Schedule

We review content on a tiered schedule and tie updates to specific market and regulatory events:

Event tracking. We monitor the following to trigger reviews: CBN Monetary Policy Committee decisions and circulars; DMO auction calendars and results; SEC Nigeria circulars, rules and enforcement notices; NGX rule changes, corporate-action notices and company results seasons; NBS inflation releases; and enacted finance, tax and securities legislation. Where a legislative or regulatory change affects an article, we add a prominent note to the affected page until it has been fully revised.

Articles that we cannot verify against current sources will be updated with a visible notice or, where necessary, temporarily unpublished until they can be corrected.

7. Conflicts of Interest

We disclose any material interest that could reasonably be seen to affect our coverage, including any holding by the author in a security or product discussed, and any commercial relationship with a company or platform mentioned. Disclosures appear within the relevant article.

8. What We Will Not Publish

We do not publish content that: gives personalised investment recommendations or buy/sell tips; promises or implies guaranteed returns; promotes unregistered schemes, pyramid or Ponzi arrangements, or “get-rich-quick” products; or presents unverified rumour as fact.

9. Errors and Feedback

We correct mistakes openly. See our Corrections Policy. To report an issue, use our Contact page.