…as turnover in I&E window soars156% to $4.31bn external reserves inches up By Elizabeth Amihore The Central Bank of Nigeria, CBN, Standing Lending Facility (SLF) has stepped up scour for deposit banks in Nigeria with increase in month-on-month (MoM) lending. The banks’ recourse to the apex lending window rose by 124 percent in August amidst […]

For both experienced entrepreneurs and the novices, the fresh starters, it is always both mixture of good feelings and butterflies in the tommy venturing out into a new business. There are always some uncertainties while the excitement of making progress wells up the mind. In this edition of Personal Finance, we look into some of […]

Edward Esene is a business startup coach and an innovation consultant with accomplishments in Nigeria’s startup space; among them, a certified management trainer and consultant at pan Atlantic University-Enterprise Development Center; the lead consultant and co-founder of PlusIncubation Hub, a leading tech hub and co-working space in Lagos; Co-facilitated the success of many notable projects including the Google Digital Skills for Africa, the Federal Government YouWin project, the Boost with Facebook, The SMEDAN Youth/SME Empowerment Scheme, The Entrepreneurship Development Programme of the German Agency for International Cooperation (GIZ), The Daystar Business Academy.

One of the tools that stockbrokers deploy to ascertain the financial health of a company before executing client’s  purchase or sale order is investment ratio. There  are many investment ratios, depending on the objective of the user.  This is a risk aversion strategy. Securities dealers cannot conduct proper analysis without the application of these tools called financial ratios. The ratios are contained in the company’s financial statement which comprises basic information that appeal to diverse users for different reasons. Users of financial statement are the company’s management, government and its agencies, banks and other financial institutions, customers, competitors, investment analysts and employees.

Nigerian entrepreneurship has the potential to stimulate economic growth and generate job opportunities. Over 90% of businesses in Nigeria are in the category of Micro, Small and Medium Enterprises (MSMEs).

In the aftermath of the reforms in the petroleum and foreign exchange sectors of the economy, small business owners have reported significant losses and setbacks in their operations.

It is no longer news that cost of doing business in Nigeria today is on steady rise given the inflationary pressures that has been in the economy for several consecutive months now. Added to this pressure now is the over 260 percent jerk-up in energy cost last week and many analysts predict that the spill over effect will happen in the next few weeks or even days as rise in transport cost takes immediate effect.

By Cynthia Alo As part of its social investment program, Seplat Energy, a leading indigenous energy company, has stretched its resources towards improving the standard of learning in Nigeria.  The company had, in 2020, debuted their Seplat Teachers Empowerment Programme (STEP), an initiative for enhancing teachers’ competence for effective teaching.  The programme was designed to […]

By David Adonri, Executive Vice Chairman, Highcap Securities Amidst several investment opportunities, investors are often faced with difficulties in identifying the best investment choices. Arriving at a decision is an arduous task, but it can be simplified if from the beginning, the investor has certain investment goals in mind. Goals are tied to the differentiated […]

…as e-banking fees rise Customers of nine leading commercial banks in Nigeria paid N120.18 billion as account maintenance fee in 2022.  This represents a 23 percent year-on-year (YoY) rise when compared with N97.68 billion they paid in 2021.Similarly, fees and commission paid for electronic banking in these banks rose YoY by 8.0 percent to N228.29 billion […]

By Ivor Takor  On July 1, 2014 the Pension Reform Act 2014 or “the Act” was enacted into law commencing from July 1, 2014. The Act, which repealed the Pension Reform Act No 2 of 2004, governs and regulates the administration of the Contributory Pension Scheme in Nigeria. The Act confers on workers certain legal […]

By Emeka Anaeto, Business Editor When the Bank of Industry announced the growth of its asset base beyond the N1 trillion mark, it was a historic achievement among Development Finance Institutions in the country. And with it came high expectations of the bank’s growth trajectory in the years ahead. “For the first time in the […]

In this edition of the Marketing Masterclass, we will explore how SMEs can enhance their marketing by leveraging social commerce. Social Commerce is the use of social media platforms, such as Facebook, Instagram, Pinterest, amongst others, to promote and sell products or services directly to consumers.  It involves integrating e-commerce functionality within the social media […]

Despite the significant contribution of family businesses to the global economy, the future of family-owned enterprises still remains uncertain due to various factors such as succession planning, globalisation, and technological advancements.  Clifford Egbomeade, a public relations and communications adviser at ID Africa who stated this said:” Family-owned businesses contribute over 70% to the global  Gross […]

The pharmaceutical production in Economic Community of West African States, ECOWAS is been dominated by Nigeria.