Stanbic IBTC Bank facilitates electronic Warehouse Receipt System (e-WRS) for farmers

Starting today, Stanbic IBTC Bank will provide a trading platform and serve as the settlement bank for the Nigeria Commodity Exchange’s (NCX) pilot electronic Warehouse Receipt System (e-WRS) which is being launched in Abuja today, Thursday 10 July 2014.

With this commodity exchange system, farmers will be able to take their agricultural produce to accredited warehouses where the produce will be preserved for sale. The e-WRS is an electronic receipt that will be issued to farmers at the accredited warehouses and it can be used by the farmers for any of the following:

Why Save? How To Save? Where To Save? All You Need To Know

This is the sixth post in a series aimed at equipping you with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle. Please read the previous post here http://bit.ly/1qnH7CC
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There are a lot of myths and legends around saving money. This post aims to simplify the process to its very basics: The things we save money for may include

• To buy a car
• That holiday you've always wanted to take
• To buy a house

The importance of a good personal financial plan

This is the fifth post in a series aimed at equipping you with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle. You can read on how to develop a financial plan for a small business here http://bit.ly/19Un1Jr
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A good financial plan helps you lay out your money objectives and plan for your future. It can involve the following things amongst others:

• A savings account
• A health insurance plan

Understand The True Cost Of Debt

This is the fifth post in a series aimed at equipping you with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle. Please read the first post here http://bit.ly/1sF655J. Breeze through the second post here http://bit.ly/1sHiRAB. Read the third post here http://bit.ly/1rdAIxm
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Understand the impact of too much debt

This is the fourth post in a series aimed at equipping you with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle. Please read the first post here http://bit.ly/1sF655J
and the second post here http://bit.ly/1sHiRAB
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5 Basic Things To Know About Non–Interest Banking

This post will help demystify non-interest banking and what it entails. We are looking forward to a healthy conversation on our Twitter and Facebook pages so please reach out to us!
Ramadan Kareem to all our muslim readers.
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Non-interest banking (also known as Islamic banking) is a form of banking and finance which incorporates ethical principles and prohibits the acceptance or payment of interest. Basic things you should know about non-interest banking include:

Risk Sharing

Understand the difference between needs and wants

This is the second post in a series aimed at equipping you with the knowledge and skills to better manage your personal financial resources and to help you make informed decisions that will enhance your well-being and financial future. You will be empowered with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle. Please read the first post here http://bit.ly/1sF655J
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Key questions to ask yourself:

Am I disciplined when it comes to spending?

Manage yourself to better manage your money

This is the first post in a series aimed at equipping you with the knowledge and skills to better manage your personal financial resources and to help you make informed decisions that will enhance your well-being and financial future. You will be empowered with the knowledge and skills to enable you to make more informed decisions about your finances and lifestyle.
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EXCLUSIVE: Stanbic IBTC SMEs get the best deals!

As a business owner, you have a lot of responsibilities to shoulder. As your bank, it is our job to help you have an easier go at building a business. We now have affiliations with vital companies whose services will be a huge boost to your business.

VCONNECT
Nigeria's largest business directory will provide Stanbic IBTC SMEs with a suite of listing services at a discounted rate of ₦36 000 per annum instead of the regular rate of ₦68 000 per annum. The services include:

6 Top Tips To Enjoy The World Cup

The much anticipated 2014 World Cup taking place in Brazil is about to begin and you should not miss out of the fun wherever you are from Artillery to Kaura Namoda. Here are things you could do to fully enjoy the biggest sporting event in the world.

Support A Team
Supporting a team to win the cup is vital to enjoying the World Cup games because it keeps you interested in watching the games and makes you passionate about the tournament. In the eventuality that the team you are supporting is knocked out of the tournament before it is over, simply choose another team to support.

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