How does GDP affect your business and the economy?

Welcome to SBL022 (Sycamore Business Lab): our periodic blog post where we address issues affecting you and your business. On 24 February 2020, the National Bureau of Statistics (NBS) released it’s Gross Domestic Product (GDP) report for all four quarters of the year 2019, showing an annual growth rate of 2.27%. The difference in the growth rate for each quarter

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How Inflation affects you and your business

Welcome to SBL021 (Sycamore Business Lab): our periodic blog post where we address issues affecting you and your business. On 18 February 2020, the National Bureau of Statistics (NBS) released its Consumer Price Index (CPI) report for January 2020, revealing inflation rate to be 12.13%. What exactly does this mean to for you as an individual or a business? Read

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These 3 strategies will help you save better!

Welcome to SBL20 (Sycamore Business Lab): our weekly blog post where we address issues affecting you and your business. Do you think you need to do better with your savings? Do you know expenses play an important role in determining how much you can save from your income? To attain financial freedom, you need to increase the gap between your

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Investing Vs Gambling

Welcome to our weekly blog post where we discuss matters that we believe would positively impact your business, with key emphasis on the financial aspect. This week we will tackle a somewhat different type of subject, often raised in discussions but largely misunderstood by many. In this week’s blog post we are going to discuss the differences between investing and

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How 3 recent CBN policies on cash and POS transactions affects your business

Welcome to SBL017 (Sycamore Business Lab): our weekly blog post where we address issues affecting you and your business. On 17 September 2019, the Central Bank of Nigeria (CBN) publicised policies which will affect businesses (and individuals) dealing with cash and Point of Sales (POS) transactions. You no doubt will have heard about the cashless policy initiative as it caused

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How does the increased VAT rate affect you?

Welcome to SBL017 (Sycamore Business Lab): our weekly blog post where we address issues affecting you and your business. On 11 September 2019, the Federal Government of Nigeria (FGN) though the Federal Executive Council (FEC), approved the increase of Nigeria’s Value Added Tax (VAT) rate, from 5% to 7.2%. This is an increase of 44% in the VAT rate. The

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