Finance

Can Insurtech Solve Nigeria’s Low Insurance Coverage Problem?

Nigeria’s insurance industry has a lot of growth potential. Of its 200 million inhabitants, there are enough individuals to constitute one of the world’s largest markets for insurance products. However, the current reality doesn’t exactly match this perception. Read more

TeamApt Announces New Consumer Focus And West & North Africa Expansion Plans For 2021

Nigerian fintech to pivot business model from serving banks to delivering products for consumers and businesses TeamApt, the Nigerian fintech company that provides digital financial services solutions and payment infrastructure, today announced that it will be shifting its focus from

How the Finance Act 2020 Will Affect You And Your Business

The Finance Act 2020 has come into effect, having been signed into law on December 31. The act introduces over 80 changes to a range of laws, including the Companies Income Tax Act, Personal Income Tax Act, Nigerian Export Processing

The NSE Is The World’s Best Performing Stock Market In 2020

  The Nigerian Stock Exchange has been ranked the world’s best-performing stock market in the year 2020. The bourse placed first among 93 equity indexes tracked by Bloomberg in terms of growth recorded throughout the year. Read more about Finance

Easiest Ways To Receive Money From Abroad In Nigeria Today

  The Central Bank of Nigeria recently placed restrictions on Nigerians receiving money transferred from abroad in naira. We will now only be able to collect those funds in dollars. This new rule means that digital transfer services such as

Helpful Tips For Entering Into Forex

  Of the few low-hanging fruits there are in wealth creation, trading forex (foreign exchange) is one volatile but highly rewarding legitimate means through which a growing number of Nigeria’s working population is diversifying and growing their wealth portfolio. The

Sectors that Pay the Highest Company Income Taxes in Nigeria 

The Company Income Tax (CIT) is a tax on the profits made by incorporated organizations in Nigeria. It’s paid by both local businesses and foreign entities doing business in the country. Read more about Finance This tax is a major

Ngozi Okonjo-Iweala Emerges First Nigerian Woman To Be Crowned Forbes Africa Person Of the Year

  Popular Nigerian economist and development expert, Ngozi Okonjo Iweala, has hit another milestone in her career after emerging as the first Nigerian woman to win the Forbes Africa Person of the Year award (for 2020). Ngozi (former Nigerian Finance

A Better Way To Verify Your Customers

  Know Your Customer, popularly referred to as “KYC” has always been an integral component in the success stories of online businesses, especially now when insecurities are on the rise and customers are not really who they say they are.

How #EndSARS Is Driving Nigerians Towards Bitcoin

  The prediction by Twitter CEO, Jack Dorsey that Africa “will define” the future of cryptocurrencies, may soon be finding fulfilment. Right after the Central Bank of Nigeria (CBN) began to freeze bank accounts of the #EndSARS protest leaders, contributors

Top Cryptocurrencies You Can Invest In

  The economy is in recession. Again. You might want to divest now or even put your money somewhere more stable as the naira is not the most reliable of currencies even by local standards. There are 7000 or so

Love Is An Action Word

  “I am sorry, I cannot take this promotion. There is somewhere I need to be.” The character in the movie raced out of the office to his car and drove like his life depended on it to his daughter’s

If You Own A Lot, You Need L-Happy

  “Will it cover my wife’s car and my PlayStation? I am getting this because nothing must happen to my game set especially. And iyawo’s car too.” Donald laughed as he repeated it over the phone. He wanted to be

How Safe Is Your Business?

  The aftermath of the unrest that happened all over the country a few weeks earlier left the entire citizenry physically, psychologically and for several, financially bereft. Several lives were lost, property destroyed, businesses looted, and in the days that

Nigerian Startup SeamPay Launches Mobile Wallet For Faster Digital Payments.

  Nigerian fintech startup, Seampay has launched a mobile wallet to help users send and receive money and pay for products in a fast, safe, and hitch-free way. The wallet, launched at the beginning of October 2020, aims to enhance

Additional Voluntary Contribution

  A voluntary contribution, also known as Voluntary Pension Scheme (VPS), implies that employees with Retirement Savings Accounts (RSA) have the free will to make additional annual voluntary contributions, up to certain Internal Revenue Service (IRS) approved levels. It is

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