Adaobi moved to Lagos, Nigeria’s commercial capital in 2018 from Enugu hoping to secure a high paying job in 2018, but when none was forth-coming, she decided to embark on the entrepreneurship journey. To realize this, she approached her bank for a business loan. After weeks of filling all sorts of forms, Adaobi was eventually
You wouldn’t dream of assuming that all domestic banking institutions are the same, so why lump all offshore banks together? The fact is that not all banks offer the same features or the same level of service. Before choosing an international bank to house part of your assets, compare different banks to see what each
Bank that has gone all-in on the environment and social commitments say it’s now a critical factor in running a good business. Financial services organizations serious about delivering on their lending and investment strategies related to environmental and social issues need to be just as serious about creating solutions to address catastrophic climate change and
Did you know you can’t be bankrupt without being insolvent but can be insolvent without being bankrupt? The word “insolvency” has become a generic term for when a business cannot repay its debts. It can also mean when a company faces financial ruin. In either case, the result is the same – Insolvency. However, bankruptcy
As inflation continues to soar, you might be looking for ways to make your money work smarter, not harder. With the annual pace of inflation hitting a 40-year high, saving money in a typical bank account that earns close to 0% in interest may mean losing more money. If you placed $100 in savings last year, after taking into
Knowledge and skills that enable an individual to make effective and informed decisions regarding finances are known as financial literacy. Financial literacy is crucial for business owners if they want to successfully operate in the business world. Most entrepreneurs understand this concept, but still, there is a significant gap between their knowledge and the information
Paying tax is a given but, for those who own or are looking to acquire an investment property, Mark Hay Realty Group Principal Mark Hay said there were a few initiatives in place to help reduce your tax burden and maximize the return on your property. Negative gearing is your best friend According to Mr
The vast majority of people who work in finance are intelligent, charming, desirable people who enrich society and subscribe to daily opinion newsletters. They help us buy houses, start businesses, sell JPGs of cartoon apes. They make dreams come true. But let’s be honest: They have a bit of a reputation, perhaps best summed up in the
Financial aid makes it easier for college students to afford tuition and other educational expenses, but there are some scenarios where you may lose your financial aid. While you can get it back in some circumstances, you may need to consider alternatives in the meantime. Here’s what to know about financial aid suspension, how losing financial
The financial services (FS) sector has been going through a period of astonishing change, writes Ion Fratiloiu, Head of Commercial at Yobota, with a groundswell of new offerings and ideas arriving at an ever-more impressive pace. Every week, new companies pop up with bright and innovative visions for the future, with banking-as-a-service (BaaS) providers making
The year 2021 has come to a close! It’s time to keep an eye on the Fintech trends shaping the financial industry and what promise might fintech hold for the future. With the ongoing epidemic, the problems of digital transformation have dominated 2020 and 2021. Firms’ substantial jumps in switching systems to digital platforms, operating remotely, and
If, as they say, past is prologue, then boards of directors in the United States should follow closely lessons learned by their European and British counterparts when it comes to the potential role sustainable finance plays in relation to financing the long-term strategic objectives of U.S. companies across all sectors of the economy. Companies and
