Movement in share prices is caused by a lot of factors. Some of these factors are external and beyond the control of a company. They include; inflation rate, interest rates, GDP, world events amongst others. There are certain infractions made by companies which would see the regulators step in to...
Bitcoins have been generating a buzz over the past few years; smashing records and reaching all time price highs. However, opinion worldwide as to the cryptocurrency’s  level of acceptability is still divided. Bitcoin was created to provide an alternative to the Banking system. This is because it is an open...
To start the Business of Bee-Keeping? How Profitable is Bee-Keeping Business? How much capital do I need to start this business? This article seeks to bring to the fore Tips for starting and  make additional Income from Bee- Keeping Business. Honey -Bees start making honey, which is their food, by visiting flowers....
Rating Agency, Moody, downgraded Nigeria the Government long-term issuer and senior unsecured debt rating to B2 from B1. The rating outlook remains stable. This follows a similar rating downgrade to B1 from BA3 back in November 2016. Unlike in 2016, when Moody attributed the downgrade to the government's dwindling oil...
Moody's Investors Service (Moody's) recently downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four tier one Nigerian banks and the of Bank of Industry. Moody's also downgraded to B3 from B2 the long-term foreign currency deposit ratings of four tier one banks and two...
Retirement plans should be seen as a security blanket for when you’re too old to do any kind of work. At this point you will at least be able to fall back on that money. If you have a white collar job right now, a time will come when...
To get into the labour market and be successful, you need to know how to survive because there are many people with just as good a qualification as you.It is essential that you know exactly what is is that your employer wants from you First thing to note is Business...
The ultimate goal of embarking on any investment activity is to maximize the highest possible return by taking the least amount of risk. It is an undeniable fact that investing in the stock market anywhere in the world is not for the faint hearted, however only a few will...
Like every other list, there are priorities. Putting the economy of the nation into perspective, the administration charts a course for the coming year. Proposed Expenditure for 2018 The proposed expenditure for 2018 which is N8.612 trillion has been separated into various subdivision comprising: Recurrent Costs with N3.494 trillion; Debt Service,...
Ever wondered how money works? Is there a secret key to unlock wealth? There is a saying which goes “When you’re aiming to reach the top of the mountain, it is wise to follow the footprints of those who have successfully made the climb before you.” Whether you’re following closely...
After a series of applications, an interview and a long waiting period, you finally receive a letter or an email offering you a job. Of course your first reaction would be that of utmost joy and excitement. But, before you jump the gun and accept that job, take a...
Do you know how Nestlé makes billions from merely boiling water?With a growing world population, the demand for clean water remains on the rise especially in developing countries. For a multinational company like Nestle that makes it a priority to improve the quality of life, it is no surprise that...
The Pension Transitional Arrangement Directorate (PTAD) is to recover a total of about N25 billion owed them by nine life insurance companies. These nine out of twelve life insurance companies that received the pension funds are yet to comply in transferring the funds belonging to PTAD. Mrs. Sharon Ikeazor, the...
There seems to be a looming ‘war’ among Operators of digital satellite service providers in the country if recent happenings in the Industry is anything to go by. The race for market share and subscriber base in the industry is getting keener in an industry previously dominated by a...
Adewale Adeyanju, the President general, Maritime Workers Union of Nigeria (MWUN), in reaction to the commissioning of the new labour call house in Delta port, Warri. The commissioning was done  by Hadiza Bala Usman, the Managing Director of Nigerian Ports Authority (NPA). While speaking to journalists, Adewale Adeyanju urged...
The World Bank Group (World Bank) on Tuesday, 31 October 2017, published its 2018 Doing Business Report (the Report) in which Nigeria is now ranked 145th among 190 economies on the ease of doing business index. Nigeria gained 24 places on the latest ranking, an improvement on the prior...
Banks are in the business of making money. One of the ways through which banks make money is from interest income on loans to businesses. The whole process or methods used by banks to ascertain the creditworthiness of a borrower is very rigorous. Whatever process the bank you may seek...
The statutory requirement for every eligible Nigerian employee to maintain a Retirement Savings Account (RSA) in his or her name with a Pension Fund Administrator (PFA) is now common knowledge. The benefits are immense as it helps promote a savings culture and prepares employees for retirement. The opening process for a...
Nigeria’s plan to shift more of its borrowing overseas may improve its lackluster recovery from recession. But it’s likely to raise risks associated with servicing its debt amid scant progress on reducing the government’s reliance on oil revenue. There’s also mounting uncertainty about federal government tax income amid demands...
The Federal government has obtained an interim court order seizing funds in accounts with no Bank Verification Number (BVN) or incomplete Know Your Customer  (KYC) details. The government will most likely give a window for customers to claim such funds and enroll for a BVN. Steps to follow to register...
Coming up with a great idea for a business isn’t exactly an easy task, because a lot of great ideas are already being executed and a number of seemingly good ideas don’t actually satisfy a need that people have. But once in a while, you get that little spark...
Becoming a student is a very responsible step in the life of each young person. One has to study, preferably to work, to spend enough time with the family and friends, and, of course, manage the finances smart. The following article will help you with the latter; it will...
The Lagos Internal Revenue Service has issued a new guideline for taxation of compensation of employment benefits. This guideline is expected to apply to amount of money paid to an employee whose employment has either been terminated or the employee becomes unable to perform the functions he has been...
This article provides a step by step guide on how to invest in the Nigerian Stock Exchange. We will also highlight a number of factors peculiar with the Nigerian stock exchange that we think you should know before investing. Who is this article for? If this is...
Everyday Money Matters is a radio show focused on answering a wide variety of personal finance issues. The show holds every Wednesday by 7.30am on 91.3 Lagos Talks FM Question: What is the difference between passive investing and active investing  ?  Tunji: Passive investments are those you don’t have to be...
As a startup, getting funds may be stressful. However the risk of losing profit or capital due to unforeseen circumstances beyond your control is something that in most circumstances cannot be avoided. Insurance is a way of protecting one’s self or assets against unforeseen events. It works simply by an...
…..in the event of any dispute arising out of the interpretation or performance of this agreement, parties shall resort to arbitration to be conducted by a single arbitrator be appointed by the parties with the seat of arbitration in Lagos and governed by the laws of Lagos state…. The...
A bond is a fixed income debt instrument issued by the government (federal or state government) or corporate institutions with a definite date of maturity and a fixed interest payment (known as coupon) payable either semi-annually or annually. The government usually issue bonds at the primary market to raise domestic...
Just this week, the State Minister for Petroleum Resources, Dr. Ibe Kachikwu alleged that the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has overreached his authority by making numerous changes in the internal structure of the NNPC. The nature of these changes has warranted...
This article is for any of our I just Got Back (IJGB) Nigerians who are relocating from abroad for the first time. We are sure you have had friends, family members and acquaintances who have had a torrid time getting by in Nigeria especially having spent most of their...