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 […]
Money management can sometimes feel overwhelming, particularly when dealing with economic factors such as inflation, government policies, wars and so on. These factors are all capable of disrupting anyone’s plan. However, there is never a time that is too late or a period that is too bad to re-plan and take a closer look at […]
The Federal Government of Nigeria has projected to generate N136.3 billion as revenue from Electronic Money Transfers (ETM) to be paid by bank customers in 2023. This is based on a projected 2.7 billion volume of eligible online transfers in the year. What is Electronic Money Transfer? This is a levy that is charged on […]
The persistent depreciation of the Naira is seen as not having an immediate solution despite all the foreign exchange measures introduced by the monetary authority, Central Bank of Nigeria, to stem its tide. Some of the measures are; removal of third parties from buying of foreign exchange routed through Form ‘M’, receiving of Diaspora remittances […]