In an effort to enhance the efficiency and security of the Nigerian financial system, the Central Bank of Nigeria (CBN) introduced the Cashless Policy in 2012. The policy, which is aimed at reducing the amount of physical cash in circulation, has had a significant impact on the Nigerian economy.
The CBN Cashless Policy is a set of guidelines introduced by the Central Bank of Nigeria to encourage the use of electronic payment channels for transactions in the country.
The policy seeks to reduce the amount of physical cash in circulation and promote financial inclusion by encouraging the use of electronic payment channels such as Automated Teller Machines (ATMs), Point of Sale (POS) terminals, mobile banking, and internet banking.
In this article, we will discuss the impacts of...
If you have an analytical mind, enjoy solving complex problems, and have a passion for data, a career as a business analyst may be the right fit for you. Business analysis is an exciting and fast-growing field, and the demand for skilled business analysts is on the rise. A business analyst is a professional who works with stakeholders to understand their business requirements and translate them into actionable insights that drive business decisions.
Business Analysts are critical thinkers who can identify areas for improvement and develop solutions that address business needs. They work closely with stakeholders to gather requirements, develop project plans, and manage project timelines. They also play a critical role in communicating project progress and ensuring that projects are com...
A business major is a popular choice among college students who aspire to have a career in the business industry. Business majors are one of the most popular undergraduate programs in the United States, with millions of students enrolling each year. A business degree provides students with the knowledge and skills necessary to succeed in various roles within the business world, from entry-level positions to executive leadership roles.
A business degree provides a solid foundation in a variety of subjects including finance, marketing, management, and economics. The curriculum is designed to equip students with the knowledge and skills needed to succeed in a variety of careers, ranging from traditional business roles to more creative, cutting-edge positions.
This article will exa...
The most common investments that can fetch you a lot are Cryptocurrency and Real estate. So, when you mention investment, these are the two that easily come to mind. Over the years, both Cryptocurrency and Real estate investment have proven to be worthy choices. Meanwhile, this is not to say that each doesn’t have advantages and disadvantages. However, if you are perplexed about where to put your money, you may seek the assistance of your financial advisor.
Let’s talk about real estate. People consider cryptocurrency versus real estate investment because they are both forms of investment that offer potential returns. However, they differ in terms of their characteristics, risks, and benefits.
Cryptocurrency is a digital asset that operates on decentralized networks and uses cryptog...
ByBit is a platform for trading cryptocurrency derivatives, specifically perpetual contracts. A perpetual contract is a type of derivative that does not have an expiry date and mimics the underlying spot market price. What makes ByBit stand apart is that it is a subsidiaries trade. In addition to the conventional elements of trading, you can likewise purchase derivatives, making this trade best for brokers with some insight.
They likewise have a figure out how to-procure segments and marking choices for a wide range of clients. The platform offers trading in
With leverage up to 100x, allowing traders to magnify their profits or losses. The platform features 24/7 customer support, advanced trading tools, a secure platform, and fast execution spe...
Private equity funds are investment funds that pool capital from accredited individuals and institutional investors to invest in private companies or acquire public companies and take them private. They aim to generate high returns through various means, such as improving operational efficiency, implementing strategic changes, or selling the company. They typically have a long-term investment horizon, often several years, and invest in companies that are not publicly traded.
Accounting for private equity funds varies from that of other venture vehicles since private equity funds dislike different kinds of speculations. The accounting shows that these are hedge funds, venture capital companies, and something in between.
If you fill in as a staff or asset bookkeeper for a private valu...
A foreign exchange platform is a type of trading software that allows traders to buy and sell currencies on the foreign exchange market. The platform typically includes real-time quotes, charting tools, and various types of order execution. It also often includes news and research and may offer additional features such as automated trading systems and educational resources.
The foreign exchange market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Forex platforms can be web-based, meaning they can be accessed from any device with an internet connection, or they can be installed on a trader's computer as a software application.
Some popular foreign exchange trading platforms include
MetaTrader 4 and 5