Despite expectations that the 2023 general election will further erode confidence in the Nigerian stock market, markets opened the week on a positive note yesterday, extending last week’s gains as the benchmark closed by 0.69% to settle at 55,328.42 points. Some experts have said that the stock market has defied the 2022 election swings thanks […]
According to the African Development Bank’s (AfDB) 2021 report, Nigeria, Egypt, Kenya and South Africa account for about a third of the continent’s start-up incubators and accelerators and receive 80% of foreign direct investment (FDI) into Africa. According to this report, 92% of Africa’s investment in tech is won by just these four countries and […]
The October 26, 2022 policy decision by the Central Bank of Nigeria (CBN) to redesign the N200, N500 and N1,000 denominations, and the subsequent announcements including the cash withdrawal limit have continued to generate reactions. Announcing the deadline extension this week, after a meeting with the President in Daura, Katsina State, the CBN Governor, Godwin […]
Nothing puts a stop faster to business growth than a company in poor financial standings. No matter how solid your business model is, big or small business, there is always a potential financial crisis. However, business owners who remain successful figure out how to stay away from sinking debts ahead of time. These ideas may […]
President Muhammadu Buhari on Tuesday the 4th of January 2023, in Abuja, signed the 2023 Budget; N21.83 trillion, in to law. He also signed the 2022 Supplementary Appropriation Bill into law. This is coming after the National Assembly had earlier passed the budget totalling N21.83 trillion. At the event of the signing of the eighth […]
The success of any organization is hinged on the ability of the leadership team to execute and take big steps towards the organization’s goals and objectives. An organization is usually a reflection of its principals/leaders. With the influx of new companies in recent times both by individuals and groups, it is critical that leaders follow […]
The Central Bank of Nigeria (CBN) on the 6th of December 2022, introduced new cash withdrawal limits for banks and other financial institutions. The new policy followed its recent currency redesign project in which it had expressed concerns over the high volume of cash outside the banking system. There are also suggestions that this new […]
Capital budgeting is the selection of projects that add value to a business. The capital budgeting process can involve almost anything, including buying land or buying capital assets like a new truck, building, equipment/machinery. Companies are often required, or at least recommended, to undertake projects that will increase profits and thus improve shareholder wealth. However, […]
Nigeria’s President Muhammadu Buhari signed the Startup Bill into law on Wednesday, 19th October 2022, three months after it was passed by both legislative chambers of the National Assembly. The bill is a collaboration with a group of Nigerian tech leaders and several government bodies to govern how startups and regulatory bodies operate and collaborate […]
On Wednesday, October 26, 2022, the Central Bank of Nigeria announced its plans to re-design the 200, 500 and 1000 naira notes. We have put together some key findings that you should know about the naira re-design as well as what you will need to do before the new naira notes take effect. Why the […]