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WorldRemit cash pick up service - Your top COVID-19 related questions answered
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…
2 days ago  
The difference between investing and loaning money to your business
3 days ago  
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…
Investors seek reduction in cost of banks credit to MSMEs
18 Mar  
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)
How CBN’s intervention will impact banking operations
18 Mar  
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.
 CFD vs Stock Trading
10 Mar  
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,…
Experts flay indiscriminate withdrawal from escrow account
3 Mar  
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.
NIA lauds government on Finance Act 2020
19 Feb  
The Nigerian Insurers Association (NIA) has lauded the Federal Government of Nigeria for the speedy assent to the Finance Act 2020, describing the move as a welcome development which will usher in a new lease of life for insurance companies.
Experts seek review of entire national budget
19 Feb  
Experts that gathered at the just concluded 2020 Budget and the Finance Act forum, organised by the Securities and Exchange Commission (SEC), in Lagos, at the weekend, have called for review of the entire budget process to ensure meaningful economic growth...
Multilateral banks in blame games over debts
19 Feb  
While the debt stock of Africa’s economies recorded a whopping 150 per cent rise in the past 10 years, with new obligations in the pipe, two multilateral banks of global repute and major creditors, are own trading blame over who caused the alarming borrowings.
Islamic bank group, firm seek action on trade, integration
19 Feb  
The quest to deepen intra-African trade and integration of the region’s economies got more boost as the Islamic Corporation for the Development of the Private Sector (ICD) declared interest in the process.
Nigerian banks and rising cyber threats
5 Feb  
Cyber attacks targeted at the global banking system and high profile institutions are not imaginary, but real. The overall objective is to steal financial assets- cash or near-cash assets.
Africa’s multilateral bank seeks shift from GDP narrative
5 Feb  
After unveiling its 2020 African Economic Outlook (AEO), which showed that the continent’s economies are growing well, African Development Bank (AfDB) however, warned that it does not reflect the true picture of citizens.
How financial institutions are keying into agric projects
5 Feb  
According to recent estimates by the United Nations, Nigeria’s population currently stands at about 203 million. This massive population, coupled with the ongoing closure of the country’s land borders...