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 […]
Financial risk and business risk are two different types of warning signs that investors should look out for when considering an investment. Financial risk refers to a company’s ability to manage debt and financial leverage, while business risk refers to the company’s ability to generate enough revenue to cover operating costs. Let us take a […]
According to data from the Central Bank of Nigeria (CBN), money deposit banks (DMBs) could be struggling to park excess cash holdings despite low access to funds by the real sector. According to the financial data, DMBs’ total deposits with the CBN through standard deposit facility (SDF), a window through which the commercial banks offload […]
During the pre-colonial era, different cultures used a variety of items as a means of exchange. These included cowries, manilas, beads, bottles and salt amongst others. The first major currency issue in Nigeria was undertaken sequel to the colonial ordinance of 1880 which introduced the Shillings and Pence as the legal tender currency in British […]
According to a Wall Street Journal article (2014) titled; ‘The Great Chinese Exodus’, a report was made about Chinese emigration. It said: ‘’Today, China’s borders are wide open. Almost anybody who wants a passport can get one. And Chinese nationals are leaving in vast waves. Last year, more than 100 million outbound travellers crossed the […]