Money

gomoney, a Nigeria-based digital-only bank, is changing the face of banking as we know it.

This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even long before I was appointed the Executive Chairman of the Federal Inland Revenue Service.

For so many years, people relied on banks and governments for various financial policies. These policies often carried added or hidden fees which made people spend a lot more money than required. Frustrated with the current situation, the people decided to use technological advancement and create a self-sustainable currency. And so Bitcoin was born. During…

For most of us, this pandemic is the first time we’ve had to stay strapped inside for a long time, with almost nothing to do. But the good news is many people have found little opportunities to earn that extra cash while self-isolating. One way they’re doing that is through the GTBank Make Money service.

What has gone wrong with Nigerian banking? That was the question many asked as they saw pictures and videos shared on social media of crowds that besieged the gates of several bank branches across Lagos on May 4, 2020.

Salary cuts, unpaid leave, layoffs are some of the things that workers and employees in Nigeria are experiencing as we mark this year’s Workers Day. This is a direct result of the mandatory lockdown to curb the spread of the pandemic COVID-19. It is unfortunate that companies shedding off staff are victims as much as…

Are you worried about receiving international cash remittances during the Coronavirus outbreak? We spoke to Gbenga Okejimi, Country Manager, Nigeria and Ghana at WorldRemit, who answered the most common questions. Mr. Okejimi spoke to us about how the London-headquartered online money transfer company is supporting its customers and explained the options available to both senders…

As a new business owner, you might need to finance your business using your personal savings if you don’t need a bank loan or know how to get a loan in Nigeria. If you are getting into a partnership, a capital contribution is usually required, and the lender will like to see that you have…

To create more jobs and enhance productivity, capital market investors have urged Nigerian banks to reduce the cost of credit to the Micro Small and Medium Enterprises (MSMEs)

Experts in the financial market have said that the decision of the Central Bank of Nigeria (CBN) to grant additional one-year to all intervention loan under moratorium would have a positive impact on banking operations, as they will not need to classify the loans as non-performing.

Stock trading is buying and selling various financial assets, mostly shares of companies and other products, in the stock markets with the aim of making profits. A good example is shares trading in which investors trade-in through various brokers, such as Forextime, which is one of the leading online trading companies. On the other hand,…

Economic experts have described the creation of Nigeria’s Excess Crude Account (ECA) also called Escrow, by the federal government as not only fraudulent, but unnecessary, saying it lacks legal backing in the first place.