Have you ever been caught in the web of banking glitches? Like when you’re debited for performing a transaction that isn’t executed. What exactly did you do when this happened to you? Report to your bank and wait for several weeks without a solution to your complaint? For those who earlier submission application for BDC […]
15 Details to Include When Reporting Failed Transactions to CBN Read More »
Before the latest policy of the Central Bank of Nigerian on the sales dollars and other foreign currencies to Bureau de Change operators, there were individuals who submitted applications for BDC operating licence to the apex bank, they can now apply for a refund. This followed the announcement by the apex bank that no fresh
Bureaux De Change operators are not backing down despite the decision of the Central Bank of Nigeria (CBN) to stop the sales of forex to them. They stated this Thursday, July 29, 2021, in Abuja after Godwin Emefiele-led CBN declared that some of the operators are conduits for money laundering and diverted the forex meant for
CBN Has Not Banned BDCs From Trading Forex – BDC Operators’ President Read More »
The International Monetary Fund (IMF) said it is too early to make cryptocurrencies like bitcoin, ethereum, and bitcoincash among others a legal tender. For instance, BTC price broke above $50,000 for the first time in history on Tuesday, February 16, 2021, a price it couldn’t sustain due to its volatility. A report which was published
5 Major Reasons Why Cryptocurrencies Cannot Be A Legal Tender – IMF Read More »
One of the hardest challenges small business owners face around the world is getting bank loans to support their startups. It’s even more difficult in Nigeria where the rate of defaulters is high. So, financial institutions are extremely cautious before granting loan requests. No one wants to go out of business. Note that there are
10 Ways of Getting Business Bank Loan In Nigeria for SMEs Read More »
The Central Bank of Nigeria (CBN) took the toughest decision on July 27, 2021, stopping the sales of dollars to Bureaux De Change (BDCs) operators in the country. It cited the activities of the BDCs in the forex market as counter-productive to Nigeria’s economy. The action has raised a lot of dust because it will spark some
Some banks can be parasitic when it comes to charges: withdrawal charges, ATM card maintenance charges, and many other strange fees can be a burden on your business unless you take immediate action to find out why your account balance continues to deplete. In one of our articles, we elaborated on things you need to
5 Practicable Ways To Reduce Banking Charges On Your Business Read More »
Query in your CAC dashboard is a request by an official of the Corporate Affairs Commission that you need to fix an issue in your business name and company registration and re-submit the application for re-assessment. Reasons your business registration may be queried Some of the reasons your application may be rejected or queried include:
How To Solve CAC Queried Registration Issue Read More »
In the 1990s till late 2015, entrepreneurs who operated current accounts for their businesses paid returns on such accounts, it was called Commission on Turnover (CoT). That has changed as the Central Bank of Nigeria (CBN) replaced CoT with Account Maintenance Charges (AMC) or Account Maintenance Fee in its Revised Guide to Bank Charges that
Content creation is one of the ways to start making money by working from home. The best part is that you can choose your preferred time to work. Don’t forget that content creation has been redefined since the launch of a writing Opera hub in Nigeria where writers who create original content can earn as
6 Content Creation Platforms You Can Make $500 Per Month Read More »
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