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Just like the evolution of society, investments and the financial sector at large, have undergone changes and development over many years. The history of modern day investing – the dedication of funds to achieve returns – dates back to the 16th century with the establishment of the Amsterdam Stock Exchange in 1602. What started as […]

If I had a dollar for every time I heard somebody lament about the weakness of the naira within the past 4 years, I might be tussling with some Forbes billionaires right now. Earlier in the month, while scrolling through my social media feed, I came across a joke, saying “Na wa for this naira

Recently, the Central Bank of Nigeria (CBN) ordered Deposit Money Banks (DMBs) to pay 10% of its Monetary Policy Rate (MPR) as the new minimum interest rate on savings deposit in the country. This represents a downward revision from 30% of MPR. Consequently, with MPR currently at 12.50%, the minimum interest accruable on a savings

Introduction Recently, President Muhammadu Buhari signed into law the amended Companies and Allied Matters Act (CAMA), effectively replacing the existing Companies and Allied Matters Act, 1990. This represents the most significant business legislation in 30 years with the introduction of new developments, geared towards promoting ease of doing business. We view this as a positive

What are remittances?   Remittances are usually regarded as financial or in-kind transfers made by migrants to friends and relatives back in communities of origin. “When migrants send home part of their earnings in the form of either cash or goods to support their families, these transfers are known as workers’ or migrant remittances.” – IMF

For a lot of people, the new year comes with goals they hope to achieve. It could be the cost of a higher education, buying a car or a piece of land. It could also be financing a business or going on vacation. But many people don’t earn enough and quickly become cash strapped after