What has gone wrong with Nigerian banking?
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.
VFD Microfinance bank offers hope to workers, democratizing ownership
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…
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…
The difference between investing and loaning money to your business
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
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
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
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
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.
Experts seek review of entire national budget
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
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.