SME

Don’t confuse this product with ‘Baxi Boilers’ - they are two different things. Baxi Box is one of Nigeria’s leading names in the fintech and agency banking POS (Point-Of-Sales) sphere. They provide the typical cash-in/cash-out business plus a host of other value-added services like bills payments, money transfers, airtime recharge, and so on. …

In Nigeria, it is safe to say that OPay has completely decentralised banking to a considerable level through its efficient Agency Banking. It’s so remarkable…

The impact of high fuel prices for diesel generators, which are very prevalent in Nigeria due to the lack of stable power supply can be damning. The lack of…

When you, a customer of a Financial Institution/Lender, apply for a loan, your chance of that application getting granted or declined is utterly based on your creditworthiness. Your creditworthiness is the CV that dictates your potential through your credit history. This helps the credit analyst to make a good business and risk decision on your…

For startups, mostly those below 2 years, getting a business loan/support from their lender e.g. commercial banks, microfinance companies, and loan companies,…

For far too long, the conventional commercial banks did not work with their customers on issues that they faced. A lot of new business owners may know their…

Parallex Bank Limited was incorporated as a LLC in May 2020. They are the first microfinance bank in Nigeria to successfully transit from the microfinance level to full-blown commercial bank. This is a first-of-its-kind achievement in the Nigerian banking space. Parallex Bank already knows that providing financial solutions is the key to the…

Like every other thing since the internet, the virtual marketplace has found its feet and has been growing. Almost every facet of our lives as individuals and…

No doubt, social media is our new virtual marketplace. World renowned social media giants e.g Facebook, Twitter, Instagram, Tiktok, Snapchat, Pinterest,…

We can all agree that an important part of starting and running a business in Nigeria today is funding. Young entrepreneurs are saddled with the heavy burden of generating funds for working capital as most of them don’t have assets for the heavy collateral requirements. The importance of bank loans without collateral in Nigeria. Banks are not…