Tuesday, 21 January, 2020

Category: Business

Business Updates

With an estimated approximated 203.42 million population and growing at over 2% per annum, Nigeria ranks the seventh-largest country in the world. The nation represents over 70% of the effective West African market, as Nigeria remains the most competitive destination for the establishment of Read more…

Governor State of Osun Mr Gboyega Oyetola has said that the state has all the human and material resources with a well secure environment for business and investment to thrive. He reiterated that his administration is fully committed to work Read more…

Often, members of the public confuse Open Market Operation (OMO) Bills with the Nigerian Treasury Bills (NTBs). The need has therefore arisen to clarify the differences between the two instruments. Whereas the Central Bank of Nigeria (CBN) is the issuer Read more…

The World Bank has ranked Nigeria among the top 10 economies that improved on the “Ease of Doing Business”. This is the second time Nigeria would appear as one of the world’s top-10 improvers in doing business in the last three years. According to the World Bank 2020 ease of Read more…

The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has clarified that the defunct Savannah Bank still has a license to operate in the country. Ibrahim said that the bank is not under the NDIC as it has Read more…

The Nigerian Government and the Central Bank of Nigeria have disowned MTN on its proposed N4 charges on USSD transactions. MTN had on Monday announced a N4 charge for every 20 seconds of using USSD bank codes.The telecommunication company claimed Read more…

It’s very important to roll with a good accounting systems set up when starting your new business. You don’t want to get into the business of making money without accounting for the money by establishing basic accounting system. At the Read more…

How to get quick loans from Gtbank, Zenith, UBA without collateral Since the Central Bank of Nigeria (CBN) has requested banks to have a minimum loan to deposit ratio, commercial banks in the country have been finding ways to give Read more…

The Central Bank of Nigeria (CBN) has disclosed that N500 and N1000 notes were the most counterfeited naira notes in 2018. The apex bank made this disclosure in the 2018 annual report released by its Currency Operations Department. According to the CBN currency Read more…

Points To Note When Fixing Prices For Your Products, Services Fixing prices is very important because it determines the contribution and profit of a firm There are 3 approaches to pricing: 1. Demand/ Customer based approach- This reflects customers perception Read more…