A bank account is one of the essential tools in business and financial transactions. You cannot carry out most financial transactions without an account; so it is almost impossible to buy and sell or receive and pay for things. In this article, we will provide information on bank accounts, and two … [Read more...] about What is the difference between savings and current account
Personal Finance
7 Types of bank account in Nigeria
Having a bank account in the 21st century Nigeria is a necessity. But you know what's even more important? Knowing the type of bank accounts available for you! Having the choice of options makes it possible for you as a customer to select from a range of options; options which fit your immediate … [Read more...] about 7 Types of bank account in Nigeria
Fixed Deposit and Its Interest Rate in Nigeria
Long gone are the days where we stash money in our mattresses in a bid to save them. Some people still do, but that’s a topic for another day. In this column, we will discuss one of the several ways to “make your money work for you” and that is through fixed deposits. So, what are fixed deposits? … [Read more...] about Fixed Deposit and Its Interest Rate in Nigeria
Savings vs Investment: Which one is more important and Why?
Most people find it hard to make critical financial decisions. They become confused, particularly when it comes to deciding on savings or investment. While both methods are crucial to achieving a prosperous economic future, it's essential to know the differences between them. In this article, we … [Read more...] about Savings vs Investment: Which one is more important and Why?
5 passive income ideas to help you make money
Passive income can be a significant additional source of fund for many people, especially during the impact of the pandemic period. It can prove to be a valuable lifeline during these tough times, considering the effect of the lockdown imposed by the federal republic of Nigeria. Passive … [Read more...] about 5 passive income ideas to help you make money
How to Make Money on YouTube: Top 5 Strategies for Success
“Hi guys, welcome to my YouTube channel!’ These seven words have become increasingly common over the last three to four years. Why? Because not only is YouTube the second most popular social media network after Facebook, it has come to be a lucrative source of income for content … [Read more...] about How to Make Money on YouTube: Top 5 Strategies for Success
5 Things to Consider Before Taking Bitcoin Investment
Bitcoin investment in the financial market has drawn a lot of attention from industry investors and analyst alike. Bitcoin is a decentralised digital currency that can be sent from user to user on a network without the need for intermediaries. It allows people to make an exchange of money without … [Read more...] about 5 Things to Consider Before Taking Bitcoin Investment
The Time Value of Money. What is Money?
Introduction Money is anything or any object generally accepted as a medium of exchange for goods and services and other transactions in societies and countries. Before a money came to be , the system of trade was trade-by-barter. Here, you exchange one good for another (for instance, yam for … [Read more...] about The Time Value of Money. What is Money?