Posts

Showing posts from September, 2017

How You Can Invest With N100,000 in Nigeria

With the current economic problem Nigeria is facing at the moment, it has not only affected the financial aspect of people’s lives but many are even afraid to invest or start a business due to the volatile situation. While keeping money in a bank might seem like a good way to save money for the future, doing business with it can help to see it grow at a faster pace while keeping the person gainfully self-employed. While N100,000 might not seem like a huge sum of money to start a business in Nigeria, there are actually some things that can be done with the seemingly small amount of money to start a business.  Here are five business ideas that one can invest in with N100,000 Poultry You can start a poultry business for as little as N100,00. Buy day-old chickens and even from your backyard start rearing them. You’ll also have to buy chicken feed and provide water for them. While these chickens require constant monitoring when they are growing, the work reduces when they s

Can Any Government Ban Bitcoin?

Image
Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the government of any major country step in and do the unthinkable –  ban Bitcoin ? Flashback – Holding Gold Bullion is a Crime Those who think that no government (except those run by tinpot dictators) would take the extreme step of banning Bitcoin need a lesson in history.  There was a time when holding  gold  bullion was a crime in  America , punishable by a sentence of up to ten years in prison. In 1933, American President Franklin D Roosevelt issued an order requiring all Americans to hand over their gold holdings to the Federal Reserve Bank. The ban on owning gold remained in place for more than four decades, before President Ford legalized gold ownership.  This move was made easy by the fact that America had abandoned the gold standard a short while prior and hence had no need to own vast quantities of gold to back