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Corporate Governance - The Cornerstone
Corporate governance is essential for Nigerian start-ups to ensure transparency, accountability, and sustainability. The recent cases with some top start-ups highlight the dangers of inadequate board oversight and management. Start-ups must embrace good corporate governance practices to improve their survivability and contribute to Nigeria's economic growth. This article delves deeper into the topic.
The Master
May 9, 2024
Financial Services
Recycling is Key!!
Recycling is important to reduce waste, conserve resources, and reduce pollution. Nigeria generates over 32 million tons of waste every year, and only recycles about 2% of it. It is important to note that increasing the recycling rate in Nigeria has the potential to save millions each year, reduce the country’s reliance on landfills, conserve natural resources, and create jobs. This article provides more detail.
Lola Savage
May 6, 2024
Manufacturing
Can Tourism save Nigeria?
Tourism not only involves the physical movement of people but also entails a significant economic exchange between visitors and the host destination. This exchange drives the growth of various sectors within the destination's economy, including hospitality, transportation, retail, and entertainment. Moreover, tourism fosters cultural exchange, cross-cultural understanding, and heritage site preservation, thereby enriching visitors and host communities.
Karl
May 2, 2024
Travel and Hospitality
Advertising in Nigeria
Nigeria's advertising scene is booming! With a rapidly growing economy and increasing internet access. Digital ads are taking the lead, with mobile playing a starring role. Stay tuned to learn more about the trends shaping advertising in Nigeria, including a recent debate about featuring local talent in ads
Karl
April 29, 2024
Business
Guide to Land Banking in Nigeria
Land banking, in the context of investment, refers to the practice of acquiring undeveloped land with the intention of holding onto it for a future increase in value. Think of it as buying a piece of property and storing it in your portfolio, hoping it's worth appreciating over time. This strategy is often used in areas with anticipated growth or development, where the land is expected to become more valuable in the future.
Tayo Scribbles
April 26, 2024
Business
Untapped Informal Credit Market
A formal banking sector and a bustling, yet unregulated, informal credit market. This informal divide leaves many excluded from secure financial services. This paper explores how to bridge the gap, proposing strategies for banks to tap into the potential of the informal market.
Tayo Scribbles
April 24, 2024
Business
The Cost of Dying
The high cost of cemeteries in Nigeria is a growing concern for many families. The cost of burial plots, especially in private cemeteries, can be prohibitive, making it difficult for people to give their loved ones a decent burial. There are a number of factors that contribute to the high cost of cemeteries in Nigeria. This article examines these factors, which include the shortage of burial land, and the lack of physical planning, and goes ahead to propose; solutions to the problem.
Ariyike
April 22, 2024
Health & Social Services
Digital Waste
Did you know that every time you click "delete," your data might not disappear? The truth is that it could remain hidden within the digital landscape, consuming energy and posing security risks. Digital waste, the buildup of unnecessary electronic data, presents a growing challenge with negative consequences. While we're familiar with the issues of environmental pollution surrounding discarded devices and outdated software, digital waste introduces a subtler yet equally concerning problem.
Etido
April 18, 2024
Technology
Budget Padding
Have you ever wondered why Nigeria's budget approval process is a critical aspect of governance, shaping the allocation of resources across sectors and driving national development? This article provides an insightful overview of the intricate framework governing the approval of the Nigerian budget.
Etido
April 16, 2024
Financial Services
Tech: The Now, The Future
The boom in the tech sector has earned it the phrase "tech is the new oil money". We find out in this article the many ways Tech has changed the course of our lives, taking a deeper dive into its future prospects as well as its projected contribution to Nigeria's GDP in the years to come.
Ariyike
April 15, 2024
Technology
Laying the Tracks
Rail transport is a potential mode of passenger and freight transportation that can serve the needs of a variety of groups in Nigeria, including industrialists and marketers, rural dwellers, and rural-urban commuters. It can be used to transport goods and raw materials over long distances, reducing costs and improving efficiency. It can also be used to transport farm produce to markets, improving food security and reducing poverty. In this article, we will look at the railway system in Nigeria, revenue generation and future.
Lola Savage
April 12, 2024
Transportation
Reality Shows
For any reality show, sustaining an audience is the key to success. However, being a social experiment, it is often difficult to say what the audience would find interesting enough to continue watching. For any reality show to strive and retain high viewership year after year, strategic measures must be put in place, as can be seen with popular Nigerian show, Big Brother Naija. This article looks at reality TV in detail and highlights its impacts on individuals, businesses and society in general.
Lola Savage
April 10, 2024
Entertainment
Future of Smart Homes and IOTs
Imagine a home that anticipates your needs, seamlessly integrates with your routine, and offers unparalleled levels of comfort and efficiency. This is the vision of the future of smart homes, powered by the ever-evolving realm of the Internet of Things (IoT).
Kamsee Writes
April 8, 2024
Technology
Continuous KYC
In an era of increasing financial crimes, it has become crucial for financial institutions to ensure compliance with regulatory requirements to protect themselves and their customers. The Nigeria Electronic Fraud Forum (NeFF) stated that cases of electronic bank fraud cost the banks N3.6 million between 2017 and 2018. In 2022, the Financial Institutions Training Centre's report on Frauds and Forgeries in Nigerian Banks stated that Bank customers in Nigeria had lost N2.7 billion to bank branch and mobile channels fraud in the first and second quarters of 2022. Know Your Customer(KYC) is at the heart of fraud prevention processes and is required by laws and regulations.
Ariyike
April 5, 2024
Financial Services
Fintechs and Consumer Lending
The advent of financial technology companies (Fintechs) in the consumer lending space in Nigeria energized the drive to democratize access to financial services (especially payments and credit) in the country. Available evidence shows that the Fintechs have made a notable impact on lending in Nigeria. Between 2017 and 2022, Fairmoney disbursed loans over N117 billion in the Nigerian market and currently processes more than 10,000 loans daily. In 2020 alone, Carbon disbursed loans worth N25 billion, up 9.1% from 2019. This article delves more into the role and impact of fintechs on Consumer lending.
The Master
April 3, 2024
Financial Services
Healthcare for All
Health insurance is a crucial component of a well-functioning healthcare system, providing financial protection and access to quality care. However, health insurance penetration in Nigeria remains low, hindering the country's progress towards universal health coverage. This article delves into the challenges and opportunities of health insurance in Nigeria, exploring the factors that have impeded its growth and the potential solutions that could pave the way for a more inclusive healthcare system.
Lady Chacha
April 1, 2024
Health & Social Services
Shell is Green
Since the discovery of oil in Nigeria, it has constantly contributed significantly to the Nigerian economy, contributing between 22% - 25% to the total GDP over the last five years. The oil and gas sector, as a significant part of the economy, has seen many changes in regulations, modalities, and operators as the sector continues to adjust to the growing demands of the most populous African country and even serves neighboring countries.
Abike
March 29, 2024
Business
A Little Modification Needed!!
The Land Use Act 1978 has a significant impact on land ownership rights in Nigeria. It introduced a land tenure system which vests all land in each state in the Governor of the state in trust for the people of the state and allocates to individuals and organisations. This act has, however, been seen as one of the most controversial pieces of legislation in the country, and has been described by many real estate stakeholders as a hindrance to housing development in the nation. We believe that it is time for some modification. Read more below
Opemi
March 22, 2024
Real Estate and Construction
The Lucrative Palm Oil Business in Nigeria
If you've ever wondered about the profitability of venturing into the palm oil business, this article is your comprehensive guide.
Nuvie
March 21, 2024
Business
Gender and Investment
The general concept of behavioural finance suggests that investors do not necessarily make rational investment decisions and that by gender, men exhibit this irrational trait more than women. Many results of behavioural finance studies show that men and women have different strengths and weaknesses in terms of skills required for investment management. For instance, studies have shown that some women are more conservative while investing and are unwilling to take risks, while others have lower income capacity and tend to invest lower percentages (5% to 10%) of their monthly income. This article sheds more light on the differences between the genders in terms of finance and investment.
Opemi
March 20, 2024
Financial Services
"Fintech is the Future of Money"
Fintechs have had a significant impact on savings and investments in Nigeria, especially among the younger demographic. By offering innovative products and attractive interest rates, fintechs have made it easier and more convenient for Nigerians to save and invest. This article dwells on the savings and investment landscape, and highlights the remarkable contribution of Fintechs to its growth.
The Master
March 18, 2024
Financial Services
