Author: Bluebulb Financials
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Why You Aren’t Sticking to Your Budget and How to Fix It
Sticking to a budget is easier said than done. Many individuals and businesses set financial goals but struggle to adhere to them due to unforeseen expenses, poor planning, or lack of discipline. If you find yourself constantly exceeding your budget, here are some reasons why and how you can fix them. 1. You’re Not Tracking…
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The Importance of Compliance in Global Business
What is Compliance in Global Business? Compliance refers to adhering to laws, regulations, and industry standards that govern business operations in different regions. These regulations may cover financial transactions, data privacy, anti-money laundering (AML), tax obligations, and more. Non-compliance can lead to severe consequences, including fines, legal actions, reputational damage, and operational disruptions. Why Compliance…
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How to Position Your Business Against Foreign Exchange Risks
Imagine this: You’re a business owner in Nigeria importing raw materials from China. You agree to pay your supplier $50,000 in 60 days. Today, the exchange rate is ₦1,200 per dollar, meaning the cost in naira is ₦60 million. But what if, by the time payment is due, the exchange rate jumps to ₦1,400 per…
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The Art of Setting Healthy Money Boundaries
Money is more than just numbers in a bank account, it’s deeply tied to our emotions, relationships, and sense of security. Yet, many of us struggle to set healthy boundaries around our finances, leading to stress, overspending, or even strained relationships. Learning the art of setting money boundaries is essential for achieving financial stability and…
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Save More Money in 2025 with These 5 Simple Hacks
IntroductionWith the rising cost of living and economic uncertainties, saving money in 2025 requires more than just cutting back on coffee runs, it demands smart financial strategies. Whether you’re planning for an emergency fund, investment opportunities, or just looking to make the most of your income, these five simple but effective hacks will help you…
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How Cross-Border Payment Solutions Are Bridging the Gap Between Africa and the Global Market
Africa’s Journey into the Global Market Africa’s trade and economic landscape has significantly transformed over the past few decades. Historically, African businesses have faced immense difficulties conducting cross-border transactions due to unreliable financial infrastructures, high remittance fees, and a lack of payment interoperability. However, the rapid rise of digital payment solutions and fintech innovations has…
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The $75 Billion Projection: How Africa’s E-Commerce Is Evolving Through Cross-Border Payments
Back in 2017, Africa’s e-commerce sector was valued at $16 billion, but projections indicate it will skyrocket to $75 billion by 2025. This growth is largely driven by cross-border payment solutions, allowing businesses to tap into new markets beyond their home countries. E-commerce in Africa has come a long way from its early days of…
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How to Manage Your Foreign Currency Risk as a Treasury Manager
As a Nigerian treasury manager, navigating the foreign exchange (FX) market is a crucial aspect of your role. The Naira’s fluctuations can significantly impact your company’s bottom line. This blog post provides actionable strategies to effectively manage your foreign currency risk. Understanding Foreign Currency Risk in Nigeria The Nigerian FX market presents unique challenges. Unforeseen…
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The Pros and Cons of Naira Investments in 2025
Deciding whether to invest in Naira in 2025 requires a strategic approach, where to invest and how. With inflation at 34.60% as of November 2024, the priority is not just returns but real returns enough to that outpace inflation. In this blog post, we’ll explore the potential advantages and disadvantages of investing in Naira in…
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The Top 10 Countries for Import/Export Business in 2025
As Nigeria continues to diversify its economy and strengthen its global trade relationships, identifying the top countries for import/export business is key for businesses looking to expand their reach in 2025. Whether you’re an importer or exporter, this blog explores the top 10 countries Nigerian businesses should focus on for import/export activities in 2025, based…