Money

After the unveiling of the new naira note on Wednesday, Godwin Emefiele, the governor Nigeria’s apex bank will work with law enforcement organisations like the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices (ICPC)  and Other Related Offences Commission to track large withdrawals of cash from banks.…

This week, crypto exchange FTX has been frantically trying to obtain funding to make up for a liquidity shortfall of up to $8 billion, but it’s becoming less and less likely that CEO Sam Bankman-Fried will succeed after Binance pulled out of a potential fire-sale agreement. The price of bitcoin…

One of the top 20 wealthiest investors on the Nigerian Exchange, Pascal Dozie, has seen an increase in net worth thanks to his stake in MTN Nigeria, currently valued at more than $148 million.  The Nigerian multimillionaire businessman is the founder of Diamond Bank, a Nigerian multinational financial service provider…

The path to retire early is not simple. To earn, save, and invest as much as you can, it needs patience and extreme discipline. About 20% of people believe they’ll retire between the ages of 60 and 65, with nine percent of those thinking they’ll do so at 65. While…

Africa is the second-largest continent, with 54 countries and more than 1.4 billion people, which makes it a viable place for business. However, the continent continues to be undervalued and misunderstood, as does the opportunity for any industry to play a game-changing role in addressing the continent’s most pressing problems.…

Financial service conglomerate National Commercial Bank of Anguilla Ltd (NCBA) Group, owned by some of the wealthiest families in Kenya, has disclosed its plans to spin out its fintech division, which includes M-Shwari.  The process will involve creating a standalone business that will offer better digital banking services to its…

Nigerian telecoms operator, Globacom, founded by billionaire Mike Adenuga, recently launched its own payment service bank (PSB), MoneyMaster PSB. The business operates payment banking services in the country alongside rivals 9Mobile, MTN, and Airtel. The Central Bank of Nigeria is making attempt to promote financial inclusion in Nigeria, where a…

Aliko Dangote’s petroleum refinery is the largest single-train refinery in the world and aims to reduce the reliance on imports for most refined petroleum products in Nigeria.  The refinery is set to be commissioned by mid-2023. Dangote has also affirmed that the commissioning will be before the end of Buhari’s…

If you are not leveraging some tricks to get customers in Nigeria, your business may find it hard to stay afloat. The country is one of the fastest-growing economies and with a large population of over 206.1 million. Getting and keeping clients is the basic objective of all businesses. There…

Making sales could be difficult. This could be due to a lack of implementation of the right techniques or exerting minimal effort in the business.  Making sales and turning a profit is every business’s ultimate objective, regardless of how big or little, global or independent they are. As of 2021,…