More often than usual, issues in banking and the financial sector feature more frequently in public. It can all get a little confusing if you do not fully understand all the concepts. This article provides information on banking, how it works, the types and its evolution. What Is … [Read more...] about Banking in Nigeria – Types and Evolution
5 Sources of Business Grants for Start-ups in Nigeria
Starting a business can be expensive. However, business grants can help you get the money you need to start and grow your business. Grants are different from loans. You don't have to pay back grants. Then, the question is how do you source for business grant? Startup business grants can be … [Read more...] about 5 Sources of Business Grants for Start-ups in Nigeria
7 Types of bank account in Nigeria
Having a bank account in the 21st century Nigeria is a necessity. But you know what's even more important? Knowing the type of bank accounts available for you! Having the choice of options makes it possible for you as a customer to select from a range of options; options which fit your immediate … [Read more...] about 7 Types of bank account in Nigeria
Investment opportunities in the Nigerian Money Market
This article outlines various investment opportunities in the money market in Nigeria. Generating a steady means of income doesnât always have to be tied to employment, sometimes investments, no matter how little, can earn interest and become a major source of wealth … [Read more...] about Investment opportunities in the Nigerian Money Market
Fixed Deposit and Its Interest Rate in Nigeria
Long gone are the days where we stash money in our mattresses in a bid to save them. Some people still do, but thatâs a topic for another day. In this column, we will discuss one of the several ways to âmake your money work for youâ and that is through fixed deposits. So, what are fixed deposits? … [Read more...] about Fixed Deposit and Its Interest Rate in Nigeria
Bank of Industry – Overview and Functions
The Bank of Industry (BoI) is a development bank in Nigeria. It was established to financially assist manufacturing and processing businesses. Primarily supporting industrial sectors, BoI provides funding for equipment in value chain productions. BoI is Nigeria's oldest and largest development … [Read more...] about Bank of Industry – Overview and Functions
Revenue Models and how it applies to businesses in Nigeria
The launch of a business is usually to solve a problem. However, parallel to starting a business is to make a profit. In this article, we will highlight the different types of revenue models applicable to a business. A revenue model is a framework that determines how to price the value … [Read more...] about Revenue Models and how it applies to businesses in Nigeria
Commercial Banks in Nigeria and Their Functions
The Nigerian banking system is one of the essential parts of the financial sector; one that is probably the most significant part. A vital component of the banking system is the commercial bank. We'll be taking a look at what commercial banks are; and why they're so important. What is a … [Read more...] about Commercial Banks in Nigeria and Their Functions
Savings vs Investment: Which one is more important and Why?
Most people find it hard to make critical financial decisions. They become confused, particularly when it comes to deciding on savings or investment. While both methods are crucial to achieving a prosperous economic future, it's essential to know the differences between them. In this article, we … [Read more...] about Savings vs Investment: Which one is more important and Why?
5 passive income ideas to help you make money
Passive income can be a significant additional source of fund for many people, especially during the impact of the pandemic period. It can prove to be a valuable lifeline during these tough times, considering the effect of the lockdown imposed by the federal republic of Nigeria. Passive … [Read more...] about 5 passive income ideas to help you make money