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April 22, 2024

Day: April 22, 2024

nairaCompare and ASBON Unite to Fuel SME Growth in Nigeria cover

nairaCompare and ASBON Unite to Fuel SME Growth in Nigeria

Lagos, Nigeria – March 20, 2024 – In a strategic move poised to reshape the financial landscape for Nigeria's dynamic small business sector, nairaCompare, the nation's leading digital financial marketplace, has forged a game-changing partnership with the Association of Small Businesses of Nigeria (ASBON). This collaboration brings together nairaCompare's cutting-edge fintech solutions and ASBON's extensive …

nairaCompare and ASBON Unite to Fuel SME Growth in Nigeria

Are Payday Loans a Debt Trap? cover

Are Payday Loans a Debt Trap?

Payday loans are short-term loans typically designed to provide borrowers with quick access to cash to cover unexpected expenses or financial emergencies. These loans are typically small amounts and are intended to be repaid in full on the borrower's next payday, usually within two weeks to a month. Payday loans often come with high interest …

Are Payday Loans a Debt Trap?

salary advance

Salary Advance: Good for Employees or Bad for Business?

A salary advance, also known as a payroll advance, is a type of short-term loan provided by an employer to an employee. It allows employees to receive a portion of their upcoming salary before their regular payday. Salary advances are typically used by employees who need immediate access to funds to cover unexpected expenses, emergencies, …

Salary Advance: Good for Employees or Bad for Business?

Payday Loans vs Personal Loans: Which is Best for You? cover

Payday Loans vs Personal Loans: Which is Best for You?

There are numerous reasons why you may need a loan and sometimes, you can get stuck deciding between a payday loan vs personal loan. Payday loans and personal loans are two types of borrowing options with distinct characteristics. Regardless of the reason for needing a loan, it's essential to carefully consider your financial situation, assess …

Payday Loans vs Personal Loans: Which is Best for You?

sole trader tax

Sole Trader Tax in Nigeria: Everything You Need to Know

In Nigeria, a sole trader or sole proprietorship refers to a business structure where an individual is the exclusive owner, operator, and decision-maker of the enterprise. As a sole trader, you have complete control over the business. You are entitled to all profits generated, but you're also solely responsible for any debts or liabilities incurred. …

Sole Trader Tax in Nigeria: Everything You Need to Know

Fixed income investment - all you need to know

All Your Questions Answered: Fixed Income Investments in Nigeria

Fixed income investments, also known as debt instruments, are financial assets that provide a predetermined stream of interest payments to investors over a specific period. In Nigeria, these instruments play a crucial role in diversifying investment portfolios and generating steady income streams. Understanding fixed income investments is essential for building a well-rounded portfolio. By allocating …

All Your Questions Answered: Fixed Income Investments in Nigeria

New Product Announcement: Renmoney cover

New Product Announcement: Renmoney

Struggling to find the right loan? We hear you! That's why we're excited to announce that you can now apply for Renmoney products on nairaCompare! Here's the best part: Renmoney offers loans and savings in all 36 states of Nigeria! This means you can now compare their loans and savings options with other lenders on …

New Product Announcement: Renmoney

5 Challenges Faced by Women Entrepreneurs in Nigeria cover

5 Challenges Faced by Women Entrepreneurs in Nigeria

Women entrepreneurs play a crucial role in driving economic growth and development in Nigeria. Their contributions to job creation, innovation, and overall economic prosperity cannot be overstated. However, despite their immense potential, female business owners in Nigeria face significant hurdles that impede their success. This blog post explores five major challenges that women entrepreneurs in …

5 Challenges Faced by Women Entrepreneurs in Nigeria

What is a Personal Savings Plan? cover

What is a Personal Savings Plan?

If one of your goals for 2024 is to achieve financial security, then a personal savings plan is your roadmap to achieving that goal. A personal savings plan is a structured approach to saving money over time to achieve specific financial goals or objectives. A defined plan helps you identify your savings goals, prioritise them, …

What is a Personal Savings Plan?

Difference Between VAT and Withholding Tax cover

Difference Between VAT and Withholding Tax

Understanding the difference between a value-added tax (VAT) and withholding tax is critical for businesses and individuals. Confusion between these two tax types is common, since they both involve deducting amounts from payments. However, they differ significantly in how they function. Getting this distinction right can impact an organization's cash flow, record-keeping requirements, and overall …

Difference Between VAT and Withholding Tax

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