Corporate Finance

More often than usual, issues on banking and the financial sector feature more frequently in public. It can all get a little confusing if you do not fully understand all the concepts. This article provides information on banking, how it works, the types and its evolution.  What Is … [Read more...] about Banking in Nigeria – meaning, types and evolution

This article highlights differences between a standard invoice and a proforma invoice.  As a business owner, accepting payments is the very bain of your business. To offer products or services, getting paid is essential to keeping your business profitable. However, also requesting for … [Read more...] about Differences between a Proforma Invoice and a Standard Invoice

It is no news that starting a business requires capital. While some fresh business owners opt for loans, some apply for grants. Grants do not necessarily require payback and as such, proves to be a useful measure that supports starting businesses. In Nigeria, a secure and easy way to get funds for … [Read more...] about 5 Sources of business grants in Nigeria for startups

Have you ever wondered what the difference between a current account and a saving account was? Well, you don't need to wonder anymore. Here's all you need to know about current accounts! The first thing you want to understand is, current accounts help enable frequent and regular transactions, and … [Read more...] about What you need to know about opening a current account

TYPES OF BANK ACCOUNTS  Having a bank account in the 21st century Nigeria is a necessity. But you know what's even more important? Knowing the type of bank accounts available for you!. Having the choice of options makes it possible for you as a customer to select from a range of options; … [Read more...] about 7 Types of bank account in Nigeria

Taxes are an integral part of the business environment. They are compulsory levies payable by individuals, groups of individuals, or other legal entities to the government with no corresponding entitlement to receive something definite and direct in return. Also, taxes are how the government … [Read more...] about Tax Identification Number – What you should know

Long gone are the days where we stash money in our mattresses in a bid to save them. Some people still do, but that’s a topic for another day. In this column, we will discuss one of the several ways to “make your money work for you” and that is through fixed deposits. So, what are fixed deposits? … [Read more...] about Fixed Deposit Rates in Nigeria – Meaning and how to calculate it

BANK OF INDUSTRY: OVERVIEW AND FUNCTIONS You've probably heard of the Bank of Industry at some point in time. But what exactly is the Bank of Industry, and what does it entail? In this post, we shall discuss the Bank of industry, what it is about, and what its functions are.  What is … [Read more...] about Bank of Industry – Overview and Functions

The launch of a business is usually to solve a problem. However, parallel to starting a business is to make a profit. In this article, we will highlight the different types of revenue models applicable to a business.  A revenue model is a framework that determines how to price the value … [Read more...] about Revenue Models and how it applies to businesses in Nigeria

Commercial Banks in Nigeria The Nigerian banking system is one of the essential parts of the financial sector; one that is probably the most significant part. A vital component of the banking system is the commercial bank. We'll be taking a look at what commercial banks are; and why they're so … [Read more...] about What are the roles of Commercial Banks in Nigeria