Friday, 15 November, 2019

Category: Business

Business Updates

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…

Despite the rising debt profile especially from China, the International Monetary Fund (IMF) has predicted better times for Nigeria, stressing that financial conditions in Nigeria favoured more foreign investments. This was disclosed by Evan Papageorgiou, Deputy Division Chief, Monetary and Capital Markets Department during Read more…

The International Monetary Fund (IMF)has recommended thatthe Central Bank of Nigeria unifies the exchange rate system for stronger economic growth in the country. The IMF gave this advice during the unveiling of the World Economic Outlook report released in Washington DC.  The global body made it known Read more…