Author: ekene.nsiamuna
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The Role of Digital Banks in the Success of the Nigerian Cashless Policy
The Nigerian digital banks have played a significant role in helping the Central Bank of Nigeria (CBN) implement its cashless policy. While the CBN planned to reduce the amount of money in circulation through its currency redesign, it failed to understand that traditional banks can’t enforce the policy. As cash became scarce, the pressure on the banks…
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How To Start A POS (Point of sales) Business In Nigeria
On almost every street in Nigeria today, there is a POS store where you can conduct various transactions. POS (Point of sales) has developed into a popular and successful business in Nigeria. And like any new business initiative, everyone wants to be a part of it. So this underscores the need to start a POS…
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Best Bank To Open A Domiciliary Account In Nigeria 2024
Following the Central Bank of Nigeria (CBN) regulations about money transfers to and from Nigeria, there is a need to find alternative methods of sending money to Nigeria because sending in Nigerian naira is no longer an option for anyone outside Nigeria(Leaving outside Nigeria). Domiciliary accounts are helpful in this situation. As an individual, you need to know…
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5 Best International Money Transfer Services In Nigeria
It has been a general belief overtime that using traditional banks in Nigeria to transfer money internationally is the safest and best option. It is convenient to infer that this no longer holds water. Why? The emergence of a digital payment system designed by a different financial institution to facilitate international money transfers from, and to Nigeria!…
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Essential Requirements to Access Loans from Banks in Nigeria
Loan application varies with the loan type (short-term and long-term) and the amount you want from banks. Every bank in Nigeria offers a loan product that enables its customers to lend money from the bank while repaying the funds (loan) over a specified period. This loan product is mainly familiar to commercial banks in Nigeria (Access Bank,…
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What is Commercial Banking? Its Functions And Operations
Commercial banking is a collection of bank services and products made to cater to the financial requirements of government, medium-sized, and corporate clients. Deposit accounts, commercial financing options, merchant services, and investment goods fall under this category. This contrasts with retail banking, which provides comparable financial services to individual clients and the general public. In…
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8 Ways to Secure Funds for your Business
Starting a business is a dream for many entrepreneurs, but securing funding can be a major challenge. Whether you are launching a new venture or expanding an existing one, you need to find the right funding sources to help your business grow. This blog post will look at eight ways to secure funding for your…
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How to start a business: A Step By Step Guide
Starting a business can be a thrilling and fulfilling journey, but it can also be a daunting task. However, with the right plan and execution, anyone can realise their entrepreneurial dreams. Starting a business is a daunting task requiring a great deal of effort, patience and strategic planning. But with the right approach, you can…
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Important Components of an E-commerce Business
Every business owner wants to establish an online store to sell various goods and services to a broader audience to maximize profit. One of the main elements is developing a successful business plan because it spells out the services your company provides. You’ll be able to comprehend the items you require and your customer’s needs if you…
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Top E-commerce Websites in Nigeria 2024
The e-commerce ecosystem in Africa is continually expanding, with Nigeria being the epicenter of business in the continent. This harps the rapid growth of internet facilities in Nigeria, which provides a viable alternative to traditional shopping in the country. Today, there are numerous online shopping websites where you can sell and buy groceries, household appliances,…