If you are into budgeting, you may have realized that creating a budget is the easiest thing to do. The most difficult task is sticking to it – truth is, no one ever does. At the end of the week, month or year (depending on how you plan your budget) you realize that you aren’t able to follow the budget to the letter and just throw in the towel. Read more »
Finding an apartment anywhere in Nigeria that is within your budget can be difficult. One rule of thumb is to keep your rent well under one-third (1/3) of your income but an informal survey showed that most people try to keep rent expenditure under 10%, with varying levels of success.
According to the rule of thumb, if you take home N100, 000 every month after tax, pension and other deductions, 30% of that is N30, 000 monthly and by 12 that is N360, 000. Your rent should therefore be no more than N360, 000 annually. If it is more than that, you are living beyond your means. Read more »
They say “clothes don't make the man”, but few people are seen without them. We know clothes cost a lot of money and you want them to last as long as possible. To protect your sartorial investments, we have some tips that can help you spend less on your wardrobe. Read more »
Our website will be refreshed to give you a memorable experience. Our redesigned website will have a new layout to make navigation easier so that you can find product content and usable information easily.
We will also have tools to help make sure you can reach us easily.
We expect that the quality of your experience when interacting with the new website will be improved.
Please reach out to us with any feedback on Twitter: @StanbicIBTC or Facebook: fb.com/StanbicIBTC Read more »
In the past few weeks, there have been reports of a cholera outbreak in Nigeria. This outbreak has been reported to have caused the death toll of up to 80 people in states such as Zamfara, Sokoto, Plateau and Lagos with more than 74 deaths recorded across the rest of the country.
To protect yourself from the disease, we explain what cholera is and how to ensure you are safe from it. Read more »
While a business plan defines what you want to achieve and how you plan to achieve it, your financial plan is a complete financial picture of your company, including planned income, estimated balance sheet, and cash-flow projections. Read our simple guide to a business plan here http://bit.ly/18RnECP
Small businesses should take the time to do a financial plan at least annually. The plan helps the business owner to better manage cash flow by preparing for situations that could result in cash shortages, such as seasonal fluctuations in revenues. Read more »
A good business plan defines what you want to achieve and how you plan to achieve it. It should contain your analysis of the operating environment, marketing & sales plans, resource plan, risk management plan and financial projections (usually balance sheet, income statement and cash flow forecasts).
If you intend to access finance or credit for suppliers, you will need a good business plan.
Here are key questions to consider when writing a business plan:
• What service/product does your business provide and what need does it fill? Read more »
As we celebrate our Independence Day on 1st of October, 2013, we want to share with you a few short stories from Nigerians who were around during the Independence Day in 1960.
The stories will feature where they were at the time, what happened during the day Nigeria gained Independence, how they felt and their hopes about the future of Nigeria.
Happy Independence day, Nigeria!
Olu Jacobs - Ace actor, veteran dramatist and Nollywood legend Read more »
*We offer some handy tips on safety while shopping online.*
Shopping online has many benefits that you don’t find in the market or in the next-door store. Online stores are open 24/7, so you can research your purchases thoroughly, and you can compare prices from store to store without leaving your comfort zone.
There are no queues, there is lots of choice, and often great low prices. Some stores even offer special deals on shipping and kind return policies to make everything even easier for you.
But you can also lose money. Read more »
Summer break is so much fun especially when you are somewhere far from home with your family and friends. But overspending and vacations always seem to go hand in hand. It can be very difficult to stay within your budget during the holidays, and many people end up being flat broke or getting into debt.
To avoid financial panic when you return from your vacation, we offer some easy steps to follow: Read more »