Finance

CBN Announces Takeover of Skye Bank By Polaris Bank

The Central Bank of Nigeria has announced that it has revoked the operating license of Skye Bank, one of the country’s major commercial banks. This was disclosed by the CBN Governor Godwin Emefiele, at a press briefing held in Lagos

5 Accounting Software for Nigerian Businesses

Many small business owners dread bookkeeping. They cringe at the thought of calculating large numbers and the stress of reconciling figures on lengthy pages of financial records. But because it’s a crucial part of their business, they have to get

Throw Back Thursday – 45 Years After the Naira

Shortly after the dust of the Nigerian Civil War had settled, General Yakubu Gowon sought to mend ethnic suspicion caused by the civil war starting with a new national currency majorly to cut the last monetary ties with the British

Transfinancial: 3 Tips for Setting Your Inner Millionaire Free

Financial literacy should be taught as a subject in secondary school. Far too many of us grew up financially illiterate, with nothing in our curriculums that taught us about money. Transactional income was all we were prepared for; aim for

Money Tips for the Nigerian Firstborn

The life of a firstborn anywhere in the world is far from a walk in the park, but it’s even more challenging for the Nigerian firstborn. Apart from the fact that your parents seemingly practiced parenting with you, winging it

Q3 Edition of PoS Innovation Summit Holds in Lagos

The 3rd Quarter Edition of the Point of Sale (PoS) Innovation Summit, an event which drives innovation in the PoS cashless payment sector, will hold on September 19, 2018 at the Wheatbaker, Ikoyi, Lagos at 11 a.m. This edition, with

Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets

The Rise Fund Leads Round As Startup Expands Markets 10 August, 2018. San Mateo, CA, US. Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global

MarketMoni: An Interest-Free Loan for MSMEs

The Bank of Industry, through its MarketMoni program, is providing interest-free loans to microscale businesses. This funding package is part of the institution’s Government Enterprise and Empowerment Program (GEEP), initiated to provide financial aid to MSMEs and unbanked entrepreneurs. MarketMoni

Numbers To Call If You Need To Block Your Debit Card

One of the worst things that could happen is having your debit card stolen and needing to block it ASAP. A list of banks, their customer care numbers and contact detail: Access Bank Plc 07002255222377 +234 1- 2712005-7 +234 1-2802500

Is Online Forex Trading Legitimate?

Radio stations in many parts of Nigeria often air adverts inviting the public to forex trading seminars. Many of these announcements promise that listeners will learn money making ideas at such events; they pepper these requests with testimonials from people

Five Things You Can Invest Your Money In Right Now

Leaving large sums of idle money in your bank account might not be as good an idea as you think. Perhaps it gets topped up with a little interest every month; those periodic payments may look significant. But you could

Throwback Thursday: GT Bank Listed On London Stock Exchange

On 26 July 2007, Guaranty Trust Bank became the first African bank to be listed on the London Stock Exchange (LSE). An Age of International Significance This event, which made it possible for the bank’s shares to be traded at

How To Get Funding for a Start-Up

Whenever people decide to embark on the journey towards entrepreneurship, one challenge which always seems to weigh them down is lack of funds. This challenge quite often stalls mental creativity. Let’s remove that barrier by addressing a few ways to

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