Business

Jumia Lists Shares On New York Stock Exchange

Country Manager, Jumia Nigeria, Tolulope George-Yanwah(left); Head, Vendor Experience, Omolola Onasanya and Chief Financial Officer, Ernest- Orumwense at the Jumia Nigeria IPO press conference in Lagos, yesterday. African e-commerce platform, Jumia, has linked the listing of its shares on the New York Stock Exchange (NYSE), to the need to showcase the digital innovation happening in […]

Business

Strategies For Saving Money Each Mont

File Photo There are many tried and true ways of saving money each month. Every day, put all of your loose change into a jar. Every once in a while, deposit the money in your savings account. In time, the money will grow into a little nest egg, according to www.mymoneycoach.ca. Try to set aside […]

Business

Sterling Bank records N9.2 billion profit

[FILE] Sterling Bank Sterling Bank has posted a Profit After Tax (PAT) of  N9.2 billion in its 2018 operations, against N8.02 billion achieved in the corresponding period in 2017. Specifically, the bank’s audited result for financial year ended December 31, 2018 showed 14.9 per cent rise in PAT to N9.2 billion from The profit N8.02 […]

Business

15 Startups built by Jumia’s first 50 employees

As the launch of Jumia’s Initial Public Offering (IPO) on the New York Stock Exchange (NYS) inches closer, there have been dozens of stories covering the impending milestone for “Africa’s largest eCommerce platform.” However, before Jumia became an eCommerce giant, it started in 2012 as a Rocket Internet-backed startup with only a handful of employees […]

Business

Establishing accounting system for small business

The series on standard financial management has been slightly modified after some repeated publications. We are introducing more elements that are reflected in a standard requirement for loan applicants in financial institutions. Thus an extended portion of the series is starting today with a discussion on book-keeping meaning establishing a standard accounting system for an […]

Business

How to Start a Business: A Step-by-Step Guide

So you want to start your own business. Maybe you’re really knowledgeable and passionate about something, or you’ve found a way to fill a gap in the marketplace. Wherever your interests lie, there’s almost certainly a way to turn it into a business. This journey isn’t an easy one, though: Starting a business requires a lot of […]

Business

Operating online savings account

ONLINE savings accounts are accounts offered by financial technology companies (FinTechs). Compare to savings accounts offered by deposit money banks, online savings accounts require less documentation and offer fast account opening processes. Some of the FinTechs offering online savings accounts are  Piggybank, Cowrywise, ALAT, Payvest, KoloPay, PayDay and Esusu online. Features of online savings platforms […]