CBN intensifies financial inclusion with Payment Service Banks: Business Plan for a POS Business

The apex bank issued a supervisory framework for payment service banks to intensify their operations and activities for financial inclusion https://guardian.ng/business-services/cbn-deepens-financial-inclusion-with-psb-supervisory-guideline/. The primary goal of the supervisory guidelines is to ensure transparency in their operations and customer protection. The Central Bank of Nigeria has also made it mandatory for payment service banks to comply. https://www.cbn.gov.ng/Supervision/Inst-PSB.asp […]

There has been a lot of tittle-tattle on the calculation of bank’s loan interest as whether the bank has over-charged you or you wish to know the amount of loan interest calculation before you apply for the loan. You may also want to know what will be your repayment amount week on week or month […]

According to history, women are business starters and possess some attributes, which distinguish them from men. These attributes are: Women in business pay more attention to both customers and employees and are more empathetic than men. Women outperform men in terms of productivity because they are more aware of their employees’ strengths and weaknesses. Women, […]

You must register your company with Corporate Affairs Commission After your registration with Corporate Affairs Commission, take the certificate and other registration documents to any commercial bank for account opening. After account has been opened, ensure you use the account for high lodgments and turnovers. You will also need to visit your banker to confirm […]

The Credit Bureau Association of Nigeria (CBAN) on the 1st July, 2021 stated that only four per cent out of the 40 million MSMEs in the country have access to credit in spite of all efforts by the Central Bank of Nigeria (CBN), credit bureaus, and financial institutions ( the most common of all is […]

Kemi Arodudu, a director in the Ministry of Industry Trade and Investments, disclosed that the federal government says it expects the forthcoming ‘EnjoyNigeria Expo’ to create 100,000 new jobs between 2021 and 2023 in the trade sector of the Nigerian economy on the 25th June 2021. Kemi Arodudu also noted that it would scale up […]

The Ministry of Youth and Sports Development has disbursed loans totaling N1.63 billion to 5,200 youth. The latest update provided to the Ministry by the NIRSAL Micro Finance Bank (NMFB), which disburses the loans, revealed this. The update also stated that it is ready to disburse funds to another batch of 25,000 youths as soon […]

The apex bank, Central Bank of Nigeria on the 23rd June, 2021 said they had concluded plans to distribute 27,000 metric tonnes of rice paddy directly to millers nationwide effective 24th June,2021.
The purpose of this initiative is to address the rising cost of rice across the nations. However, the move was undertaken with partnership with Rice Farmers Association of Nigeria.
The CBN and Rice Farmers Association of Nigeria had assured everyone that prices of rice will reduce drastically, once it is harvest time

Towards the end of 2019, the world witnessed a life changing situation by the advent of Covid-19 pandemic. This has literally changed how businesses are being conducted and has exposed the entire business sectors to new perspective regarding how enterprises operations can be conducted seamlessly in a locked-down situation as experienced particularly in year 2020.

FISH FARMING
Fish farming is an ancient practice, which can be dated back to about 2500 BC in China, when carp were raised in ponds and in artificial lakes created by receding floodwaters.
Evidence of fish farming also dates back at least 1,000 years in Hawaii, when rocks were added to existing reefs to create an artificial pond. The spaces between the rocks were large enough to let seawater circulate in and out, allowing nutrients to circulate in and waste out, but were too small to allow the fish to escape.