Although it is no longer news that eNaira has been launched, we are, however, still in the phase of learning and finding out more about the values and benefits of eNaira to all stakeholders. As a financial platform interested in providing unending values to our users continuously, we found it very important to have a …
When taking a loan, be sure to catch the wind Many times, business owners apply for a loan without having a good understanding of the terms and conditions of the loan. Whilst large corporations lean on their finance team to break down the finance jargon and provide relevant details necessary for the Executives or Board …
Although it is no longer news that eNaira has been launched, we are, however, still in the phase of learning and finding out more about the values and benefits of eNaira to all stakeholders. As a financial platform interested in providing unending values to our users continuously, we found it very important to have a …
Fixed income funds are investment vehicles that primarily invest in fixed-income securities, such as government bonds, corporate bonds, and money market instruments. These funds aim to provide investors with a steady stream of income through interest payments and potential capital appreciation from changes in the underlying securities' prices. For Nigerian investors seeking stable returns and …
Money market funds are a type of mutual fund that invests in low-risk, short-term debt securities such as treasury bills, commercial papers, and bank deposits. They are designed to provide investors with a safe place to park their money while earning a modest return. Money market funds are known for their low volatility and high …
Fixed income funds are a type of investment that provides a fixed rate of return to investors. They are generally considered to be less risky than other types of investments because the return is fixed, and the principal is usually guaranteed. Fixed income funds are an attractive option for investors seeking a steady stream of …
Nigeria's investment landscape is constantly evolving, and it is essential to diversify your portfolio to maximize returns. With the Nigerian economy projected to grow at a steady pace, investors are looking for lucrative opportunities to invest their money. In 2024, there are four types of investments for you to consider in Nigeria 2024. The first …
Money market funds have become an increasingly popular option among Nigerian investors seeking relatively safe places to park their money. Offering slightly higher returns than traditional savings accounts, these funds invest in short-term government and top-rated corporate debt instruments like Treasury bills, commercial paper, and certificates of deposit. Money market funds aim to maintain a …
Are Money Market Funds Safe? A Look at the Risks and Advantages
Side hustles have exploded in popularity across Nigeria in recent years. With declining economic opportunities and a difficult job market, side hustles allow Nigerians to leverage their talents, assets, or passions to earn much-needed extra income. This supplemental cash can provide greater financial stability for individuals and families or be used to fund personal goals …
Managing your hard-earned money effectively can seem like an impossible task in Nigeria's current economic climate characterized by high inflation rates, naira devaluation, and slow economic growth. Many salary earners struggle with stagnant incomes and rising living costs. However, with some financial acumen and a disciplined approach, you can take control of your finances. Developing …
Introduction Running a successful small business in Nigeria's complex economic environment presents unique financial management challenges. With high inflation, currency fluctuations, and limited access to capital, entrepreneurs must navigate unpredictable headwinds. It's no wonder that 9 out of 10 Nigerian startups fail within their first year. However, the rewards await those able to effectively manage …
The Central Bank of Nigeria (CBN) has approved several microfinance banks in Nigeria, here is a list of the top 15 microfinance banks in Nigeria for the year 2024. These banks stand out for their commitment to providing financial services to small and medium-sized enterprises (SMEs) and entrepreneurs in the country. The CBN has accredited …
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