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Banks deposit N613bn with CBN as inter-bank lending declines

Banks deposited N613 billion idle funds with the Central Bank of Nigeria last week, indicating apathy for lending to each other in the interbank market. Vanguard investigation revealed that the amount of idle funds banks deposited with the CBN, through its Standing Deposit Facility (SDL) rose by 23 per cent last week from N498 billion the previous week to N613 billion last week.

Why adoption of digital financial services remains low in Nigeria

A preliminary research report from an ongoing study on Digital Financial Services, DFS, in Nigeria being undertaken by the Lagos Business School’s Sustainable DFS project has revealed that adoption of DFS in Nigeria remains critically low among the under-banked and the unbanked population.

Tough times ahead in post 2015 elections

The 2015 election will certainly come and go but the after effect may linger for a long time. Whether it is PDP or APC that eventually wins the presidential election, the party that will come to power post-election had better get prepared for the handling of the economy. As it stands, the nation is on a financial cliff that can fall off any time except a miracle happens. The one commodity that provides life support for the economy has seen its price at the international market fallen to as low as $58 per barrel.

How to overcome challenges, obstacles as an entrepreneur

Overcome Obstacles the day you make up your mind to start a business, that’s the day your name will be written in the ‘’book of world changers”. Being an entrepreneur isn’t as easy as some people think. If it was, we would have a high number of job opportunities. If you’re an entrepreneur or small business owner reading this content, congratulations! You’re indeed a blessing to the world. Without mincing words, here are 8 ways to overcome obstacles and limitations as an entrepreneur.

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