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
What is Tenor? Tenor means the length of time remaining before a financial contract expires. It is usually used in relation to bank loans, insurance contracts, and derivative products. Some use it interchangeably with the term maturity, but they have a clear distinction. For example, a loan is taken out with a three-year tenor. After two-year passes, … 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
In a developing country like Nigeria, money for the upkeep of millions of undergraduates isn’t enough. Some of them are seriously in need of other sources of income to support what they are given by their parents and guidance. A lot of them are impeded in their entrepreneurial drive by the lack of funds for … 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
At a point in your entrepreneurial journey, you may need to approach financial institutions and other money lending firms to borrow to implement business ideas or for personal use. There are questions to ask yourself and provide convincing answers to before applying for a business loan, this article examines the things to consider beforehand. You … 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
