Finance

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Exploring the World of Trading and Its Lucrative Opportunities

Trading has been an integral part of human civilization for centuries. From the bustling bazaars of ancient times to the digital platforms of today, trading has consistently provided opportunities for growth, wealth creation, and global economic expansion. Today, trading has undergone a revolutionary transformation, thanks to technological advancements. It offers a world of lucrative opportunities, […]

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CBN Digitalizes Microfinance Bank Application Process

The Central Bank of Nigeria (CBN) has launched an online platform for the submission of applications for Microfinance Bank (MFB) operations. Called the CBN Licencing, Approval and Other Requests Portal (CBN LARP), the apex bank said on Wednesday that individuals or companies will no longer have to manually submit applications to establish microfinance banks (MFB)

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Benefits of Peer-to-Peer Lending and Its Challenges

What is Peer-to-peer lending? Peer-to-peer  (P2P) lending is a model that connects borrowers directly with investors through an online platform without the involvement of traditional financial intermediaries such as financial institutions. P2P lending can simply be described as the democratization of finance that offers new opportunities for both parties (the borrowers and lenders). Examples of P2P lending platforms

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British Pound Sterling To Naira

7 Ways To Prevent Cash Crunch and Signs To Pay Attention To

What is Cash Crunch? A cash crunch in the context of business is a state of financial strain where a business or company faces a shortage of available cash or liquid assets, which can hinder its ability to meet its operational needs and financial obligations. Factors such as declining sales, mismanagement of cash flows, misappropriation of

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Basics of Passive Income: Types, Ideas, and Benefits

What is passive income? Passive income refers to the earnings an individual derives from a rental property, limited partnership, or other enterprises in which they are not actively involved. Passive is one of the most strategic ways to financial stability, you earn while you sleep. Your money works for you, it generates income for you.

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What Are Selling, General, and Administrative Expenses (SG&A)?

What are SG&A? Selling, General, and Administrative expenses also known as operating expenses includes all of the costs associated with a company’s daily operations that are not directly linked to the production of goods or services. In simple terms, SG&A are the costs of doing business which include marketing and advertising, rent and utilities, management and administrative salaries,

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Interest on Investment: Types and Calculation Procedure

What does interest mean? Interest on investment refers to the earnings that you (investor) receive from an investment over time. When you invest, you technically lend your money to a business, government, or financial institution, and in turn, you get interest. In the simplest term, you can think of interest as a reward for allowing your money to work for

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