Investing, Money Talk

Trading Forex or Binary Options? Here are What You Should Know

Buchi

Trading in Forex or binary options are, perhaps, the most common financial instruments people trade online these days. The other instrument or financial asset of rising interest is cryptocurrency like bitcoin.  In finance, trading refers to the frequent buying and selling of financial instruments without holding onto them.  Unlike investing where the investor buys and holds until a future time, trading is more or less a speculation on the movement of prices of financial instruments. In trading, the primary goal is to make a profit. Usually, these instruments are securities derived from some underlying assets. That is why they are…

Continue Reading→

Business Ideas

10 Business Opportunities In Waste Management And How to Start Them

Buchi

 Business Opportunities In Waste Management? What comes to your mind whenever the expression “waste management” is mentioned?  If you are like most people, it is probably Refuse Collectors or Scavengers that come to mind.  Yes, those people that haul the rubbish from households. Waste management is much more than collecting garbage from your residence.  It is a big industry that extends the collection, treatment, conversion and disposal of waste materials obtained from households, industrial plants and commercial premises. In major cities, towns and even villages, tons of wastes are generated on a daily basis.  In Nigeria, it is estimated that…

Continue Reading→

binary options trading
Investing, Money Talk

Binary Options Trading: Another Way to Make Money Online

Buchi

Binary options trading is gaining popularity and fast becoming one of the easy ways smart people earn money online. However, of all the financial instruments that are traded such as spot forex, stocks, commodities and indices, binary options are the most controversial and often misunderstood. So let’s talk about it. If you ever thought about making money online by trading in binary options and you wish to get some knowledge to get you started, then this post is meant for you. Now let’s dive in. What Is Binary Options Trading?  First what is an option?   An option is a derivative…

Continue Reading→

Make Money In Nigeria
Money Talk

The Many Sure Ways to Make Money In Nigeria

Buchi

Anybody can make money in Nigeria! How? You may ask, with the scary statistics that we read in the press every day. Nigeria today has more people living in extreme poverty than any other place in the world.  World Poverty Clock reports that the number of extremely poor people in the country is increasing by six every minute.  By the year 2030 it estimates that about 120 million of the population or 45 percent may be surviving on less than $2 a day. So how can one make money in a country with such a gloomy record? Answer: The country…

Continue Reading→

Investing

6 Smart Ways to Invest In Nigeria With A Small Amount of Money

Buchi

What are the ways to invest in Nigeria with a small amount of money? Is it possible to invest in Nigeria with small money? Are there opportunities for people who don’t have much money to invest in Nigeria and make money? Can a poor person invest in the stock market? These are some of the questions I regularly receive in my email. And my answer is a big yes to all of them. Many people think that making an investment is an exclusive preserve of the very rich class.  On the contrary, anybody can start investing irrespective of how much…

Continue Reading→

Investing

How to Start Investing In the Nigerian Stock Market

Buchi

The Nigerian stock market was shaken in 2008 by the global financial crisis and a domestic banking crisis that caused stock prices to plummet.  The market has since recovered though it is yet to attain the pre-crisis heights in 2007 when market capitalization of listed equities was $84 billion. The Nigerian stock market attracts large foreign investors’ portfolio due to the high returns it offers. For instance, in 2018, foreign portfolio flows accounted for about 51 percent of total market transactions at the Nigerian Stock Exchange.  Also in the period 2011 to 2015, foreign transactions consistently outperformed domestic composition. And…

Continue Reading→

Business Ideas

16 Business Ideas In Nigeria Solid Minerals Sector

Buchi

The Nigeria solid minerals sector is one big untapped opportunity for investmet and business. As Nigeria makes efforts to diversify her economy away from crude oil, the exploitation of solid minerals is the next big thing apart from agriculture.  There are at least 44 solid mineral types in Nigeria’s soil most of which are available in proven commercial quantities but are largely unexploited.  These solid minerals are spread accross153 locations in the 36 states of the federation.  Thus, there is no state in Nigeria where you cannot find at least one solid mineral type. Some of the solid minerals in…

Continue Reading→

Money Talk

How to Get A Quick Loan Without Collateral in Nigeria

Buchi

Thanks to developments in financial technology, it is now possible for individuals and small businesses to obtain a quick loan without collateral through the online lending portals and loan apps that are coming up. You no longer need to deal with the frustrations that come with continued rejection of your loan applications by your bank due to lack of collateral or your inability to meet other stringent requirements the banks usually put on the way of borrowers. In this post, we highlight some of the popular loan apps in Nigeria or online portals where you can get a quick loan…

Continue Reading→

Business Ideas

Agent Banking In Nigeria: All You Need to Know and How to Start It

Buchi

Agent banking is beginning to gain currency in Nigeria, yet not so many people know about it. If you have an existing small business that brings in cash on a daily basis, you can diversify your revenue streams by becoming a bank agent. Who is an  Agent Bank  A person or entity who, not being an employee of a bank, delivers banking services on behalf of a bank on an agreed commission using own premises and resources, is described as an agent bank Imagine you were returning from a family visit on a public holiday. Suddenly you had a problem…

Continue Reading→

Grow Your Business

6 Steps to Create Your Company’s Financial Plan

Angel Theresa

Mastering your finances is one of the essential tasks of any entrepreneur. Yet many business owners overlook basic aspects of financial management that can give them greater control over their business and greater peace of mind.  Indeed, to have financial plan is a necessary step towards avoiding business failure Early Warning System The financial plan differs from the financial statements in that they show what has happened, while the plan is a set of projections of revenues and expenditures for the coming months. These projections will serve as an early warning system and help you predict cash decreases, your financing…

Continue Reading→