Spending all of the money we earn each month on whatever we like while not giving any thought to the future is far simpler and more pleasurable than saving any of it. We simply aren’t saving and planning enough when it comes to money, which is the issue. According to Northwestern Mutual’s 2019 Planning &…
The blockchain industry has recently grown colossally ubiquitous and has been steadily improving ever since. One of many distributed ledger technologies (DLTs), including a number of others that promise to provide greater advantages than the blockchain, is the blockchain. An emerging distributed ledger technology called a hashgraph claims to be more efficient, effective, and speedy…
The Central Bank of Nigeria (CBN), which was created by the CBN Act of 1958 and began conducting business on July 1, 1959, is the country’s main financial institution. According to the CBN Act, the bank’s main regulatory goals are to maintain the nation’s foreign exchange reserves, advance monetary stability and a sound financial environment,…
Mobile banking is a service given by a bank or other financial institution that allows its customers to make financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike linked internet banking, it makes use of software, sometimes referred to as an app, offered by the financial institution for the purpose….
A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. [1] The bank can carry out lending activities directly or indirectly by using capital markets. Because banks are crucial to the financial stability and economic health of a nation, they are subject…
List of Intervention Funds in Nigeria Intervention funds are actions taken by the government or authorised organisations to achieve a variety of objectives, such as fostering economic growth, the creation of jobs, increasing or decreasing prices, resolving market imperfections, or fostering income disparity. The Fund is an initiative of the Federal Government of Nigeria to…
Micro, Small, and Medium-Sized Enterprises are all referred to by the acronym MSME. They are many different definitions of MSME, but in the Nigerian context, there are businesses with a workforce of 1 to 200, total assets between NGN 5,000,000 and NGN 500,000,000, and annual revenue between NGN 20,000,000 and NGN 500,000,000. Micro, small, and…
Indigenous Oil Company in Nigeria – A company, often known as an organisation, is a formal term for a group of individuals with a certain goal who are either naturally occurring, legally existing, or a combination of both. Members of the company work together with a common goal to accomplish their set objectives. A company…
List of Dangote Cement Distributors In Nigeria One of the most crucial building materials is cement. Concrete is utilized in various types of construction, most notably in the building of homes and roads, while cement serves as the binder for concrete. One of Nigeria’s largest cement producers is Dangote Cement. With a wide network of…
List of Transmission Stations in Nigeria The transfer of energy from its source to a location where it will be used to carry out meaningful work is known as power transmission. Formally speaking, power is defined as units of energy per unit of time. The foundation for contemporary power transmission and distribution is electric power…