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Interest Rates and Deposit Yields on Yana
Introduction: At Yana, we’re committed to informing you about anything affecting your financial decisions. This article explains the recent changes to our interest rates and deposit yields, and what it means for you. Understanding the Change On the 27th of February, 2024, at the Central Bank of Nigeria (CBN) after a meeting of Nigeria’s Monetary…
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Why Dr. Dedun quit medicine to start Dedun’s cakes
If you have been fortunate enough to try one of Dedun’s cakes, like me, then you would understand why I am this ecstatic. In this article, the CEO of Dedun’s cakes, Dedun Oluwo, talks about how she transitioned from being a medical doctor to owning and managing a cake/pastry business in Lagos,Nigeria. I mean, what…
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Wholesale Business Ideas You Can Start With 5-10 Million Naira in 2023
Looking for new business ideas within a budget of 5-10 million Naira in 2023? Discover the potential of wholesale businesses as we explore profitable opportunities in this blog post. Whether you are a serial entrepreneur, or just starting, these budget-friendly wholesale ideas can pave your path to success. Criteria for Choosing Profitable Wholesale Businesses Selecting…
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6 Businesses You Can Start With 1-2 Million Naira in 2024
Big dreams do not always demand hefty pockets. With a strategic business plan, and an investment of 1-2 million Naira, you could be on your journey to building a thriving enterprise. This article explores six lucrative business ideas that are not only feasible but can be launched with a budget in today’s economy. 1.Mobile food…
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5 Reasons Taking Loans May Be The Best Move For Your Business
With Nigeria’s interesting business landscape, small to mid-sized business owners often find themselves navigating one financial challenge or the other. A solution that has gained considerable traction in recent times is securing loans for business growth. Contrary to common misconceptions, taking loans for your business can be a strategic move that fuels expansion, innovation, and…
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Credit Utilization: Should I use it all?
After receiving credit from Yana, what next? Do you have to use it all up? Credit is a very important tool that fuels your business growth and provides financial flexibility. However, there is a misconception that credit must be utilized all at once, similar to bank loans. In this blog post, we want to educate…
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5 Ways to Get Out of A Breakeven
Breakeven is simply a point in your business where your business profit = business expenses. You’re not making any money, but neither are you in debt. It can be a difficult point for any business to be in because the business is just stagnated. At this stage, the business is not growing but is also…
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The Hilda Baci Story: 3 Key Lessons For Business Owners
Chef Hilda Baci embarked on a journey to break the world record for longest cooking time. What lessons can business owners across Nigeria learn about 2 years of hardwork and 100 hours of sheer determination?
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Managing Your Personal Finances as a Business Owner
Running a business affords a business owner a certain level of flexibility that working a 9-5 job does not. This flexibility can look like having more time for yourself and having the freedom to make decisions without prior consultations with anyone. But while this flexibility exists, business owners do not have the security of a…
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Yana X Camera Joints
Some weeks ago, we had the opportunity to partner with @camerajoint to help photographers pay for gadgets and cameras that they need to scale their business. We’re so happy to help photographers and other business owners across Nigeria get the funding they need to purchase assets to help grow their businesses. While business owners can…