Learning when to take your Business Overseas
Expanding your business internationally can open up new markets and significantly boost your brand, but it’s crucial to determine if the timing and circumstances are...
Author : NigGal
Ways to Gather Funds for Your New Business
Raising money to start a business is a common challenge for new entrepreneurs and often becomes a reason to delay. While cash is crucial for...
Jumia Reports $20 Million Loss in Q3 2024 Amid Economic Challenges
Jumia Reports $20 Million Loss in Q3 2024 Amid Economic Challenges Jumia Technologies, Africa’s top e-commerce platform, reported a $20.1 million operating loss in the...
Avon HMO Announces Osakpamwan Imasogie as New CEO
Avon Healthcare Limited, a subsidiary of Heirs Holdings, has appointed Osakpamwan Imasogie as its new Chief Executive Officer, effective October 1, 2024. Imasogie succeeds Adesimbo...
Naira exchange rates October 2024
Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell October 31, 2024 1745 / 1750 2250 / 2270 1840 / 1860...
BUA Foods’ revenue increases to N1.07 trillion
BUA Foods Plc reported a substantial 104% rise in revenue, reaching N1.07 trillion for the first nine months of 2024, according to its recently released...
The founder of SystemSpecs has been recognized for their leadership in technology
John Obaro, the Founder and Group Managing Director of SystemSpecs Holdings Limited, has been honored with an honorary Doctor of Science degree from Kings University,...
Vitafoam reports revenue growth to N82.58 billion
Vitafoam Nigeria Plc has reported a substantial revenue increase of 56% for the third quarter of 2024, reaching N82.58 billion, up from N52.99 billion in...
How to handle situations when expenses go beyond your income
Given Nigeria’s current economic landscape, practical strategies are essential for individuals and families to adapt to inflation and rising living costs. Here’s a structured approach...
BoI Launches Access to FG’s ₦75 Billion MSME Fund
The Bank of Industry (BoI) has launched an application portal for Nigeria’s ₦75 billion Micro, Small, and Medium Enterprises (MSME) Intervention Fund, aiming to provide...
Three Key Elements of Digital Transformation to make Nigerian Businesses Stay Competitive
In recent weeks, many Nigerians have experienced downtimes from their banks, often preceded by messages about system upgrades linked to their digital transformation journey. While...
Hardships are caused by the Naira Float, not subsidy removal – Expert
A financial expert, Dr. Olutayo Obadina, has attributed the current economic hardship in Nigeria to the government’s decision to float the naira, rather than the...
CBN is working to fill the $294 billion financing shortfall for women-led MSMEs
The Central Bank of Nigeria (CBN) has taken decisive steps to address the $294 billion financing gap that women-owned micro, small, and medium enterprises (MSMEs)...
Naira exchange rates September 2024
Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell September 30, 2024 1690 / 1700 2235 / 2265 1835 / 1860...
Are you working on a way to gain financial freedom?
Your reflection highlights several critical elements of financial planning and investment that many people overlook, such as the need for financial goals, the importance of...
Your own plan to reduce poverty
Your reflection offers a profound perspective on poverty alleviation, emphasizing personal responsibility and mindset over external factors. Here’s how I would craft a strategy for...
DMO provides two types of savings bonds available for subscription
The Debt Management Office (DMO) has opened the October 2024 Federal Government of Nigeria (FGN) savings bond offer, providing two bond series with attractive interest...
Bank deposits increase by 16.5% despite a struggling economy
Despite the ongoing economic hardship in Nigeria, banks have seen a remarkable increase in customer deposits, indicating that many individuals and institutions are increasingly holding...
Watch out for investment schemes that offer big returns
Beware of High-Return Investment Schemes: Lessons from the Rise of Ponzi Scams The internet and social media have accelerated the spread of high-return investment schemes,...
How many bank accounts one should maintain?
How Many Bank Accounts Should You Have? Balancing Simplicity with Financial Needs With technology making it easier than ever to open multiple bank accounts, it’s...
Wema Bank Earns New Certification
Wema Bank has been recognized for fostering a culture of innovation and for being the best workplace for millennials. The bank announced that it received...
SMEDAN to Host 2024 National MSME Conference
SMEDAN to Host 2024 National MSME Conference The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National...
Knowing Debt-to-Income Ratio: A Vital Factor for Financial Wellness
Understanding Debt-to-Income Ratio: A Key Metric for Financial Well-Being Managing your finances involves keeping track of various metrics, and one of the most crucial is...
Managing Unexpected Gains: Ways to Get the Best Out of Surprise Income
How to Maximize Unexpected Income Life often presents surprises, and some of the most welcome ones come in the form of unexpected income. Whether it’s...
CBN Gives PoS Operators One Month to Comply with Aggregator Usage Directive
The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) operators must route transactions through licensed Payment Terminal...
FG Reaffirms Commitment to Agricultural Growth
FG Pledges Continued Support for Agricultural Growth The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment...
LAPO MFB has appointed a new director
LAPO Microfinance Bank has announced the appointment of Joshua Etopidiok as its new non-executive director. In a statement released on Sunday, the bank highlighted Etopidiok’s...
Naira Eexchange Rates August 2024
Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell August 30, 2024 1630 / 1640 2110 / 2140...
CBN Lifts Suspension on Standing Lending Facility, Sets SLF Rate at 31.75%
The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a key mechanism that banks use to manage...