Author: Bluebulb Financials
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The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC)
The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC) has raised the interest rate by 50 basis points to 27.25% following the latest MPC report on Tuesday, 24th of September. Key changes:Commercial banks’ Cash Reserve Ratio (CRR) up by 500bps to 50%Asymmetric corridor now at +500/-100bps.
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The Importance of Diversifying Your Portfolio
Diversification is a fundamental principle of prudent financial planning and a key strategy for managing investment risk. By spreading your investments across various asset classes, sectors, and geographic regions, you can enhance the potential for long-term success while mitigating the impact of poor performance in any single investment. Although diversification does not guarantee profits, it…
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How to Identify and Avoid Common Investment Mistakes
Investing is a powerful tool for wealth accumulation, but it comes with inherent risks that can derail your financial goals if not carefully managed. Recognizing and avoiding common investment mistakes is crucial for navigating the investment landscape effectively. Here’s a guide to identifying these pitfalls and implementing strategies to steer clear of them. Common Investment…
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Bluebulb Financials is a Great Place to Work Certified!
We’re thrilled to announce that Bluebulb Financials Limited have been certified as a Great Place to Work in Nigeria! This recognition is a testament to our commitment to creating a positive and supportive work environment for our employees. Why We’re a Great Place to Work Our certification as a Great Place to Work is a…
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Nigeria passport to the world: Explore These 45 Countries Without a Visa
According to the Henley Passport Index 2024, Nigerian passport holders can access 45 countries visa-free. This offers visa-free travel opportunities to you. However, exploring these destinations often requires foreign exchange transactions, and this is where we come in for reliable, fast, and competitive exchange rates, you can get more than enough currency to travel and…
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Exchange Rate Fluctuations and Their Impact on International Businesses
In today’s interconnected global economy, exchange rate fluctuations play a pivotal role in shaping the landscape for international businesses. Companies operating across borders encounter a spectrum of challenges and opportunities as currency values rise and fall. Understanding the nuances of these fluctuations and their implications is essential for navigating the complexities of international trade and…
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3 Ways to Avoid Bad Debt
Debt can be a double-edged sword, if used wisely, it can help you achieve financial goals like buying a home or starting a business. However, bad debt – debt that burdens you with high interest rates and hinders your financial well-being – can be a major roadblock. Here are 3 essential ways to avoid bad…
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The Magic of Compound Interest: How Small Investments Grow Big
Compound interest is often referred to as the eighth wonder of the world, and for good reason. It has the remarkable power to transform small, regular investments into substantial sums over time. Let’s explore how this financial phenomenon can work in your favor, especially when combined with smart investment strategies and international financial management. What…