SME

See a bank account as a specific type of virtual wallet, designed to receive and store money paid into it. An account is a financial space created and maintained by a financial institution e.g. bank, asset management company, in which all transactions between a financial institution and a customer are recorded. This article will educate its…

People like to wait till when they have huge amounts of money in their bank accounts before taking the bold step to start their desired business. This article…

The acronym, SCUML, is an abbreviation for Special Control Unit against Money Laundering. It is a unit under the Economic and Financial Crime Commission…

What is SONCAP? SONCAP is an acronym for Standard Organisation of Nigeria Conformity Assessment Program. It is a regulatory setup meant to cater for importation the following items: Arts and Crafts, Toys, Furniture (Some furniture items are forbidden, we can advise), Leather, Plastic and Rubber Products, Electrical and Electronic products, New…

What is an e-Form 'M'? The Federal Government of Nigeria through the Federal Ministry of Finance (FMF) with its enforcement arm - the  Nigeria Customs…

The Corporate Affairs Commission, CAC, announced the registration of businesses and corporates via their new robust portal on January 12th 2021. End-to-end,…

Many entrepreneurs believe that focusing only on sales and operations is the only way to having a sustainable business. Wrong. It is equally essential to have clean and optimal books. If growth must be achieved in a business, proper accounting of the enterprise must never be treated as an afterthought. This article highlights bookkeeping and…

What is UBA Moni? UBA Moni is United Bank for Africa’s agency banking arm. Just like First Bank’s FirstMonie and Access' Closa, UBA Moni brings the bank to…

QR codes present businesses with a contactless solution to offering good services and getting feedback. When used correctly (and creatively), QR codes can give…

What is Access Closa? Access Closa is Access Bank’s agency banking arm. Just like First Bank’s FirstMonie and UBA’s UBA Moni, Closa brings the bank to your neighbourhood and saves you the stress of going to the bank. The banks are now adjusting their scope to suit the contemporary trends of ease, accessibility, and swiftness. Agents are…