Finance

One of the major advisory pillars of investment is diversification in order to spread risks. As the saying goes, do not put all your eggs in one basket. This rule is the basis of a portfolio investment, which contains all your different passive investment assets. The question of knowing what is … [Read more...] about What is portfolio investment?

The system of a country is regulated by bodies, which are mostly established and owned by the government. The financial report council of Nigeria (FRC) is one of those bodies and maintains standards regarding finance and accounting reporting. This article discusses the FRC extensively. Overview … [Read more...] about Financial Reporting Council of Nigeria – What you should know

The Nigerian Inter-Bank Settlement System (NIBSS) is vital for Nigeria's financial infrastructure. It helps with electronic payments and encourages banking sector innovation. This blog post will discuss how NIBSS helps with financial inclusion in Nigeria.  An Overview of Nigerian Interbank … [Read more...] about Nigerian Interbank Settlement System (NIBSS) – What You Need to Know

Financing activities that conform to sharia or Islamic law requirements, is called Islamic finance. Any investment that adheres to Islamic law also falls under Islamic finance or Islamic banking. The basis of Islamic finance is the prohibition of collecting interest on any loan given out by a lender … [Read more...] about Islamic Finance in Nigeria and everything you should know

Let’s paint a picture of foreign direct investment in a minute. They say it to exist when a company invests in a foreign country. This means that although the company has its base in a location (state), it establishes branches in foreign places. Foreign Direct Investment opportunities Foreign … [Read more...] about Factors affecting Foreign Direct Investment in Nigeria

A certificate of deposit is a certificate providing evidence of a bank time deposit. It is merely a time deposit with a specified maturity date and which cannot be withdrawn before this date without being subjected to an interest penalty for early withdrawal.  A certificate of deposit, … [Read more...] about Certificate of Deposit – All You Need To Know

SurePadi is an innovation of Polaris Bank created to affect the economic and financial status of Nigerians, especially at the grassroots level. In addition, the SurePadi initiative is an enabler of financial inclusion goal of the financial industry by making financial services available to … [Read more...] about Polaris Bank (SurePadi) Agency Banking – How to become an Agent

Banking has so many variations they justify it belongs to an entire sector on its own. In this article, we look at one aspect of the banking sector - retail banking.  What is Retail Banking? Retail banking is a form of banking, also known as consumer banking. It deals with providing banking … [Read more...] about Retail Banking: All You Need to Know

Banking has become one of the essential tools in everyday life. The provision of banking services has made all activities more comfortable and accessible, and this transcends just financial activities. There is hardly a thing or event done today, that banking services would not be useful … [Read more...] about Internet Banking – Meaning and How it Works

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