Finance

Naira Rebounds as CBN Clears Forex Debt Backlog

The naira has surged to N1,120 against the dollar in response to the Central Bank of Nigeria’s action to clear some of its FX backlog on Thursday. This marks an increase of N50 or 4.27 per cent compared to

Fintech: How to Identify and Capture Untapped Revenue

  The financial technology (fintech) industry has experienced significant growth in recent years, disrupting traditional financial services and offering innovative solutions to meet evolving customer needs. Fintech companies have not only revolutionized banking, payments, and investment but have also uncovered

10 Tools for Managing Your Small Business Finances in Nigeria

  Managing the finances of your small business can be a daunting task, but it’s a crucial aspect of ensuring long-term success. For Nigerian entrepreneurs and small business owners, understanding the unique financial landscape and using the right tools can

Navigating the Funding Winter: A Guide for Nigerian Startups

  Startups often find themselves in a constant quest for capital to fuel their growth and innovation. However, there are periods when securing funding becomes more challenging, commonly referred to as a “funding winter.” During these periods, investors may become

6 Signs Your Business Needs External Financing

  Sometimes, you won’t have enough capital to fund your business’s operations. When such moments come, you’ll have to evaluate your financing options. One path you can take is external financing; to seek funding from external sources like banks, digital

5 Innovative Financing Models for Nigerian Agriculture SMEs

  Agriculture plays a crucial role in Nigeria’s economy, providing employment opportunities and contributing significantly to the nation’s GDP. Small and Medium Enterprises (SMEs) within the agricultural sector are essential for driving growth, food security, and rural development. However, accessing

How to Effectively Manage Black Tax as an Income Earner in Nigeria

  Black Tax refers to the financial support that professionals and income earners, in general, are expected to give to their extended families and sometimes even their communities. This can be a significant financial burden, especially for young workers and

5 Strategies to Overcome Financial Crisis in Your Business

  Running a business is an exhilarating journey, but it also comes with its share of challenges, including the unexpected financial crisis. When financial storm clouds gather, it’s crucial to approach the situation with a clear mind and a proactive

Top 10 Invoice Discounting Finance Providers in Nigeria

  Your business urgently needs funding for its current operations. But you don’t want to go for a regular loan because it’ll take a while to secure that—and time isn’t on your side. You also can’t sell enough of your

Meet The Boss: Dr. Elizabeth Kings-Wali

  Dr Elizabeth Kings-Wali, drawing from over 18 years of profound banking expertise, emerges as a dynamic and achievement-oriented banker. A skilled leader, she has played a pivotal role in the formation of cross-functional teams and the cultivation of invaluable

How to Manage Your Cash During an Economic Crunch

Here, we’ll highlight 6 techniques your company can employ to manage cash during tough economic times

Transforming Property Financing and Crowdfunding

  The traditional property financing landscape has long been dominated by banks and other financial institutions. However, the emergence of financial technology (fintech) innovations has disrupted this sector, offering new avenues for property financing and democratizing investment opportunities. One area

Unlocking the Potential of Digital Banking in Nigeria

  The advent of digital technology has transformed various industries, including banking. In Nigeria, digital banking is rapidly gaining traction, offering convenience, accessibility, and innovation to customers. This essay explores the potential of digital banking in Nigeria, highlighting its benefits,

The Power of Big Data Analytics for Financial Services in Nigeria

  In today’s digital era, big data analytics has emerged as a powerful tool for transforming financial services. Nigerian FinTech companies are well-positioned to harness the potential of big data analytics to drive innovation, enhance customer experiences, and improve decision-making.

How to Maintain High Customer Patronage Despite Surging Inflation

  In recent times, Nigerians have had to cope with increasing inflation. This is a challenge for businesses. As prices have risen, customers have become more cautious with their spending, leading to decreased sales and customer patronage. But this doesn’t

How to Protect Your Business from the Naira Devaluation

  Earlier in June, the Central Bank of Nigeria announced that it was doing away with the long-standing fixed exchange rates for the naira. In a disclosure that grabbed headlines nationwide, the apex bank said that it would now float

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