Financial analyst, Bismarck Rewane, said the latest position of the Central Bank of Nigeria (CBN) not sell foreign exchange to Bureau De Change operators could push them out of the forex market. The renowned economist who is also an analyst at the Financial Derivatives Company Limited (FDC) said it would take the market a few […]
Nigeria’s BDCs Operation May Become Extinct – Financial Analyst Read More »
One of the cardinal motivating factors that can make an investor deposit a certain amount in his savings account and leave it there for a year or more is the interest rate his bank is ready to turn in. In the past, the highest interest rate you could get on your savings from any Nigerian
3 Practicable Tips On How To Earn 6% Interest on Savings Account In Nigeria Read More »
Loan applicants under the Agri-Business Small Medium Enterprises Investment Scheme (AGSMEIS) since the beginning of August 2021, started receiving messages from the Nirsal NIRSAL microfinance bank about the status of the fund applications. What is Loan Decline? Loan decline is a situation whereby a lender feels your application for a credit facility doesn’t meet the required
Ever wondered why wealthy businessmen have easy access to loans? It’s because money lenders have brighter chances of recouping their money through the visible or invisible collateral they can provide. The reverse is the case for an upcoming business owner, who struggles with office space, funds, and human capital. Banks hardly grant their loan request,
5 Types of Loan Collateral in Nigerian Banks Read More »
There are fears that the Central Bank of Nigeria (CBN) might use its financial powers to convert foreign currencies in domiciliary accounts to Naira as one of its desperate moves to stabilize the forex market. Although, there was no statement to such a move by the apex bank, its recent action against the activity of
Does CBN Have Powers To Convert Domiciliary Accounts To Naira? Read More »
Saka T Entertainment has announced the official launch of a new range of customized T-Shirts under the brand Saka T Collections to be available in Lagos and across Nigeria. The new product which is done in quality material, Saka T Customize T-Shirts come with your images, text, design, or logo, depending on customers’ preferences. CEO
Saka T Customized T-Shirts Launch in Lagos Read More »
The foreign exchange market or forex has several definitions for hundreds of people around the world, the most important thing is that FX is a market where currencies across the world are traded 24/7. When you buy Euro with Naira or USD with Pounds, that’s forex. To a Nigerian who needs dollars for personal travel
6 Practicable Ways To Invest In Forex Exchange in Nigeria And Make Profit Read More »
Domiciliary Account allows individuals, businesses and corporate organisations to receive and make payments in foreign currencies. The Central Bank of Nigeria (CBN) frowns at using such accounts for illicit activities. So, what are the benefits of having a domiciliary account in Nigeria? As such the apex bank issued a circular on the domiciliary account and
Requirements to Open a Domiciliary Account in Nigeria Read More »
Users of CoinJar can now make purchases with crypto MasterCard across Australia, the longest cryptocurrency exchange in the country said in an official message on Tuesday, August 3, 2021 To make it easier for its users to order the card, the firm has also embedded a button within its crypto app which users can simply
By the end of 2021, qualified women entrepreneurs in Nigeria will enjoy $50 million credit facility from the First City Monument Bank (FCMB) courtesy African Development Bank (AfDB). Founded in April 1982, The Nigerian bank is popular for its SheVentures, one of the special loans specifically designed for women entrepreneurs in Nigeria, loans for women can
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