Price floor is a price control mechanism employed by the government, institutions or companies on how low the price of a product or service can be. Simply put, the lowest price in the price band is called the price floor. The opposite of this economic jargon is cap price (price ceiling) which is the highest … Read more
An origin or financing method refers to the amount of money a company uses to fund its operations. A company can get money from various sources. The sources could be divided into two major categories: 1) internal, 2) external. Whatever the sources are, the main goal is to meet financial needs. Internal sources of finance … Read more
Since the Central Bank of Nigeria (CBN) announced the launch of a digital currency dubbed “eNaira” which is known as Central Bank Digital Currency (CBDC), Nigerians expressed mixed reactions to the project. While some Nigerians praised it, some berated the apex bank for coming up with such an idea as having “ban” trading of cryptocurrency … Read more
The ban on cryptocurrency by the Central Bank of Nigeria (CBN) on February 5, 2021, gave millions of Nigerians the push to further explore the financial possibilities of digital currencies. Although cryptocurrency which is backed by blockchain technology has been in existence since 2009, when the unknown Satoshi Nakamoto claimed to have invented it, the … Read more
There are hundreds of Nigerians who have nice business ideas but are being impeded by a lack of access to financial support. And one of the coolest and cheapest ways to get capital for your business is to have access to grants or low-interest rate financing. A business-minded undergraduate student can also explore the platforms … Read more
Things are not always rosy as you think for all business owners, some of them struggle with how to pay off debts. I got to know this through a lady who shared the challenges her husband is facing. “My husband has been working for the past seven years, he earns well, but he uses the money … Read more
As a student, there are businesses you can start on campus that require little capital. There are even some of them that only require your creativity. You need to understand starting a business isn’t only for those who already have financial freedom, students can start small businesses on campus even with little savings from their … Read more
A sole proprietorship is one of the best ways to have the desired business freedom. You will have time to make a decision. You will decide when to open shop and when to take a time off work. But this doesn’t come without some challenges, one of them is raising capital. Most times, financial institutions … Read more
Do you know it isn’t the amount of money you earn, but your financial discipline? In these seven finance lessons, an ex-banker narrates how his driver, who earns less than NGN40,000 per month, built a house while he couldn’t buy a plot of land. This is a true-life story! In a real-life story shared on … Read more