Lagos State EFS: A Digital Tax Revolution for Hospitality
In a bold stride towards modernization, the Lagos State Internal Revenue Service (LIRS) is poised to redefine the tax landscape for hotels and restaurants through the revolutionary Eco Fiscal System (EFS). More than just a technological leap, this initiative is designed with the taxpayers in mind, offering benefits that extend far beyond compliance. As […]
Insights into Mobile Banking Trends in Nigeria
The landscape of banking in Nigeria is undergoing a profound transformation, driven by the rapid adoption of mobile banking technologies. As a nation with a significant mobile phone penetration rate, Nigeria has become a hotspot for mobile banking innovation. This article delves into key insights and trends shaping mobile banking in Nigeria, exploring how […]
How To Prepare a Company Annual Budget
An annual budget plays a crucial role in the financial health of any business. It offers a clear overview of your company’s financial standing, providing insights into your income, expenses, and cash flow. A well-crafted annual budget serves as a roadmap, guiding your company towards its financial goals and objectives. By understanding your financial […]
9 Ways to Build Multiple Streams of Income in Nigeria
Financial stability is something that most people crave. Almost no one wants to keep on scratching their head over how to feed themselves and their family, or how to pay their bills. One way to overcome such worries is to build multiple streams of income. When you have substantial streams of income coming in […]
How to Get a Small Business Loan in Nigeria Right Now
You may not always have all the money you need to run your business at your disposal. Sometimes, you’ll need to raise funds to finance important operations or meet outstanding obligations. And when such moments come, you’ll want to be able to settle the associated bills. When this is the case, securing a small […]
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 the N1,170 it traded for on Wednesday. Read more about Finance Currency traders, also known […]
Lidya Graduate Internships for Young Nigerians Seeking a Career in Finance
Lidya, a technology-driven lender to small businesses, is looking to recruit young and qualified Nigerians who would like to become its interns. The company is specifically interested in hearing from persons who want to build a career in the FinTech and financial services industry. If you’re interested in laying the foundations for a future as […]
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 new avenues for generating revenue. In this article, we explore how fintech can identify and […]
4 Ways FinTech Can Serve Students in Nigeria Profitably
Financial technology, or FinTech, has rapidly transformed the way financial services are delivered worldwide. In Nigeria, a country with a large and growing student population, FinTech companies have a unique opportunity to serve students profitably by addressing their specific financial needs. This article explores four ways FinTech can effectively cater to students in Nigeria […]
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 more cautious, and the availability of capital may diminish. Nigerian startups are no exception to […]
Top 5 General Insurance Providers in Nigeria
When you take out an insurance policy for your home, business, vehicle, health, or other things that you consider important, you protect yourself from the financial burden that you may incur if they are damaged or lost. Read more about Finance You can either get life insurance—which pays out a sum of money upon the […]
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 lenders, and other financial institutions. But it’s not always clear when to do this. Read […]
Financing Options for SMEs
Small and medium-sized enterprises (SMEs) play a vital role in the global economy. They drive innovation, create jobs, and contribute significantly to local communities. However, one common challenge that SMEs often face is obtaining financing to support their growth and operational needs. Fortunately, there are several financing options available to SMEs, each with its […]
5 Fintech Innovations for Small Business Finances
In the ever-evolving landscape of finance, small businesses are no longer limited to traditional banking solutions. Fintech, short for financial technology, has revolutionized the way small business owners manage their finances. These innovations are making it easier for entrepreneurs to access capital, streamline operations, and make informed financial decisions. In this article, we will […]
5 Institutions Where SMEs Can Get Grants and Loans in Nigeria
Small and medium-sized enterprises (SMEs) are the backbone of the Nigerian economy, accounting for over 90% of businesses and 70% of employment. However, access to finance (grants and loans) remains a major challenge for SMEs in Nigeria. Read more about Finance The good news is that there are a number of Nigerian-based institutions that […]
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 finance remains a challenge for many agricultural SMEs. In this article, we will explore five […]