Vehicle ownership is a goal for many Nigerians, but it can be a costly one. The high upfront cost of a car, combined with the rising cost of fuel and maintenance, can make it difficult for people to afford to own a vehicle. However, a new partnership between VFD Bank and Autochek aims to make …
The entrepreneurial spirit is strong in Nigeria, with many individuals venturing into small businesses to earn income and achieve financial independence. However, raising sufficient capital to start and scale a profitable venture remains a key challenge. This blog answers the question ‘What business can I start with 100k in Nigeria’. Whether you want to launch …
A domiciliary account is a foreign currency-denominated bank account that allows individuals and businesses to hold, transact, and manage funds in foreign currencies, such as US Dollars, Euros, Pounds Sterling, or other major currencies. In this guide, we'll help you find the 10 best banks for domiciliary accounts in Nigeria to make informed choices for …
Nigeria is rapidly emerging as one of Africa's most vibrant economies, offering exciting opportunities for entrepreneurship and business growth. However, starting a business often requires significant capital investment which can deter aspiring entrepreneurs. This blog post explores the landscape for profitable business ideas in Nigeria that can be started with low capital investment. The Nigerian …
Profitable Businesses You Can Start in Nigeria With Low Capital
Are your finances shaky and you need to get back on track? You probably need to craft a budget and start taking budgeting seriously. Budgeting is the process of planning your income and expenses. It involves tracking your spending, setting financial goals, and making adjustments to your budget as needed. Budgeting can help you stay …
In a significant move to expand its presence in the micro-banking sector, Microfinance Bank Moniepoint introduces a personal banking app to empower users with a wide range of financial services. The app promises to revolutionize the way Nigerians engage in financial transactions, with added incentives to encourage financial prudence. A Gamified Approach to Financial Inclusion …
Wondering what business can you start with 300k in Nigeria? Read this! With N300,000, you can kickstart a venture and turn it into a money spinner. Starting a business from scratch is a journey that requires dedication, resilience, and a willingness to learn. While challenges will arise, staying focused on your goals and consistently working …
In line with the provisions of the Business Facilitation Act 2023, the National Pension Commission (PenCom), is working on regulations that will enable Pension Fund Administrators (PFAs) to explore the possibility of participating in securities lending as an investment option in the capital market. Securities lending is a financial practice where investors, often institutional ones …
PenCom Explores the Possibility of PFAs Participating in Securities Lending
Small businesses in Nigeria are presently facing the effect of an economic crunch but there are alternative financing options for small businesses that can be explored. There are many different types of financing available for small businesses, each with its own advantages and disadvantages. Before pursuing any alternative financing option, thoroughly research the terms, costs, …
Exploring Alternative Financing Options For Small Businesses
As the Nigerian forex trading market continues to evolve, it is crucial for traders to prioritize safety and security while choosing a forex broker. With numerous offshore and potentially scam brokers lurking in the market, it becomes essential for Nigerian traders to trade only with regulated brokers that offer reliable services and protection for their …
TikTok is a popular social media platform that allows users to create, share, and discover short-form videos. It was launched in September 2016 by the Chinese company ByteDance and has since gained immense popularity worldwide. In recent years, TikTok has gained significant popularity in Nigeria. The platform has attracted users of all ages in Nigeria …
Loan sharks, also known as predatory lenders, are individuals or organisations that offer loans at extremely high-interest rates. They are known to operate outside the scope of regulatory oversight and consumer protection laws. Loan shark activities are illegal in Nigeria. The Money Lenders Law gives the Central Bank of Nigeria the authority to regulate money …
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