Connect with us


5 Financial Mistakes That Will Cost You Big And How Mintlyn Online Bank Can Help You.



5 Financial Mistakes That Will Cost You Big And How Mintlyn Online Bank Can Help You

5 Financial Mistakes That Will Cost You Big And How Mintlyn Online Bank Can Help You


We all make mistakes, but when money’s involved, those mistakes can cost us big time. To help you avoid these “money mistakes”, we’ve created a list of the top five financial mistakes our people commonly make. It’s not always easy to stay on the right track financially, but with a little help from Mintlyn Bank, I know you’ll find the right mix to simplify your finances while enjoying your life and building a formidable financial future.

  1. Lack of Savings

A lack of savings is a money drainer that makes it difficult for you to have emergency funds. It takes away your ability to make important purchases like a home or car, which can make it hard to reach your financial goals.

There are many reasons why people don’t save. Some procrastinate, they believe they will be able to save in the future, but they don’t know when that will be. Others feel like they’re already saving because they pay their bills on time and have an emergency fund. However, most of us have no idea how much we should be saving every month or even our financial goals.

If this sounds like you, then it’s time to take action! Mintlyn Online Bank can help you take control of your finances by setting up an automatic savings plan. Mintlyn Bank with your permission can deploy its save-as-you-buy algorithm to help you maximize your savings by saving a little money for you anytime you make a transaction. By making regular deposits into an account, you can build up enough to cover any unexpected expenses or emergencies without having to worry about depleting your monthly income.


  1. Not Negotiating Before You Buy

You’ve probably heard the phrase “buy low, sell high” before, right? Well, it’s true—and if you don’t negotiate when you buy something, then you’re missing out on the chance to make money later by selling it at a higher price. Before making a buying decision, shop around, ask Google, and know the price, and the specs, because you’ve worked hard for your money, and you deserve to get the most out of it.

Another way to negotiate better is to always buy in bulk when you can, whether for a service or a product. For example, the unit cost of buying a pack of bottled water is cheaper than the unit cost of buying one bottled water. Due to inflation, prices will very likely be cheaper today than they will be tomorrow, buying in bulk helps protect you from inflation and saves you a lot of money in the long run.

For services, see if you can get them to agree to lower their price significantly now. Allow them the opportunity to make you a happy returning customer.

Mintlyn’s online bank helps people with this kind of thing all the time. We negotiate and get the best prices from our wholesalers. So that our customers will always get the best prices on Mintlyn online marketplace and save money.


  1. Receiving Financial Advice From Quacks On Social Media

Social media is great for a lot of things. It can be a way to connect with people you know online, it’s a way to share information, and it can even be a place where you meet new friends! But there’s one thing that social media is not good and that is for getting financial advice.

That’s right! The people on social media who pretend to be experts at something, probably don’t know anything about what they are saying and are NOT the ones you should turn to when you need help with your finances.

There is a lot of poor financial advice available on social media. Most of which are in fact, very dangerous and would lead to huge losses and financial ruin for those who listen. If you’re looking for an expert to help you make smart financial decisions, who you choose to listen to is critical.

When we say “expert,” we mean someone who has been through the process of getting their MBA and CPA—and who has worked as an accountant or financial planner before they entered the field of education. We are not talking about someone who learned how to invest by watching YouTube or reading personal finance blogs. We are talking about people who have studied the subject and earned their credentials in order to be able to give sound advice on how you can improve your financial situation going forward.

At Mintlyn Bank, our people know what they’re talking about because they’ve been there themselves—they’ve been in your shoes and lived through the mistakes, they have helped individuals, small businesses, and conglomerates build wealth and become a force to reckon with over a period of time. They have spent years studying and learning from their own mistakes as well as those made by others so that they can help you avoid making similar ones yourself today!


  1. Investing In Ponzi And Get Rich Quick Schemes

You’re a smart person. You know that the best way to get rich is to work hard, save your money, and invest it wisely. But what if there was a way to get rich without working so hard? What if there were a way to make huge profits with little effort? A lot of people are tempted by these promises and fall for these types of schemes. It’s easy to see why: they promise huge returns with little risk. But they are also scams and they can cost you everything!


Investing in Ponzi and get-rich-quick schemes is a great way to lose your money. These schemes prey on people who want to make money but don’t have the knowledge or experience to invest it in their own way. The schemes offer a fast, easy way to make money without having any knowledge of how the market works or what kind of investment strategy would be best for you.

The problem with these types of programs is that they are very risky. They’re often not regulated, so if you invest and the program disappears, there’s nothing you can do about it. Investing in these programs can also cause damage to your credit score as well as lead to more serious consequences like identity theft or even bankruptcy.

If you’re looking for a way to invest your money safely and responsibly, Mintlyn Bank has many options available for you! We can help you set up an investment in your savings account that gives you 18% interest on every money saved. For every 1000 Naira you save, you get a return of 180 Naira the highest of any financial institution in Nigeria. We also give advice on how much risk you should take based on your own personal goals and situation. You can even set up automatic payments into the account so that you don’t have to worry about missing payments or forgetting when it’s time for another transfer in order to stay on top of things!


  1. Not Banking With Mintlyn Bank

Despite what you might think, it’s not always easy to tell where your money is going. Can you guess how much you’ve spent on a recharge card for your phone this month? Talking about money can sometimes be the most boring thing in the world! But when you’re making financial decisions that are going to affect your life in years and decades to come, it’s important that you make sure you’re doing everything right. To answer the question, “Why should I bank with Mintlyn Bank?”

Well, I’ll tell you why. It’s not because we have the best interest rates in town (though we do). It’s not because we are the most convenient bank to do business with (though we are). And it’s not because our customer service is the best in the business (it is).

It’s because when you bank with us, your financial mistakes will cost you less money. As a human being, you’re bound to make mistakes—it’s inevitable. But when it comes to managing your finances, sometimes those mistakes can cost you big time. That’s why my bank exists: to help people like you avoid making those mistakes and save money.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Enlumi launches Next-Gen business management platform – Lumi Business to help businesses streamline key operations



Enlumi launches Next-Gen business management platform – Lumi Business to help businesses streamline key operations

Enlumi launches Next-Gen business management platform – Lumi Business to help businesses streamline key operations

Enlumi, headquartered in Lagos has announced the launch of its B2B product—Lumi Business. The platform offers a comprehensive array of solutions, including but not limited to Point of Sale, Inventory Management, Accounting, Expense Management, Loyalty Management and analytics.

Enlumi launches Next-Gen business management platform – Lumi Business to help businesses streamline key operations

As a retail business in Nigeria it’s long been believed that having a modern payment collection device is enough to run the business and the rest is left to chance, instinct, or clunky, outdated softwares and tools. However, to thrive in the market, businesses need much more. Business owners frequently struggle with inventory-related challenges such as surplus, slow-moving stock, expired items, stockouts of high-demand products, and employee theft, all of which can result in revenue loss or tied-up business capital.

Lumi Business is tailored to tackle the inventory requirements of businesses, irrespective of their size, stock quantity, or staff strength. It efficiently simplifies sales tracking, expenses, and facilitates the management of customers, products, services, raw materials, ingredients, and recipes. By leveraging the Lumi Business platform, business owners gain access to data-driven insights that inform decision-making, thereby enhancing sales and maximizing overall business profitability.

Wait there’s more! Lumi Business has a cloud-based multi-store management system, which enables business owners to exert full control over their operations from any location worldwide, using any device. Its storefront feature allows business owners to start up virtual stores and sell online. This capability allows them to monitor stock movements effectively and mitigate issues such as employee theft, lost products, and wastage.

Over 300 SMEs in Nigeria trust Lumi Business to manage their day to day operations, particularly due to its robust features and user-friendly interface. The company looks forward to growing its reach and capabilities as it actively pursues partnerships with other platforms serving SMEs.

Speaking on the launch, Wale Adeniji, Enlumi Data’s CEO said “We firmly disagree with the notion that Nigerian business owners aren’t ready for more than basic payment collection tools.

We’ve seen that businesses in Nigeria are ready for more advanced solutions, they just need to be delivered the right way. We’re focused on building a business management solution that Nigerian businesses are crying out for, addressing a myriad of pain points all at once”. Click here to learn more about Lumi Business or visit

Continue Reading


Rhebuch: Best Place To Buy Quality And Affordable Security Surveillance Cameras In Nigeria



Best Place To Buy Quality And Affordable Security Surveillance Cameras In Nigeria

Rhebuch: Best Place To Buy Quality And Affordable Security Surveillance Cameras In Nigeria


The world is already going digital with the spate of innovations that are constantly released to drive convenience and comfort. It often comes with the sense that technology is the present scope shaping the future. There are many tech products in homes, offices, and other places today, with respective designs to serve relative purposes for human causes. This is because of how effective and efficient they are in making life easy for us as a people.

Best Place To Buy Quality And Affordable Security Surveillance Cameras In Nigeria

Meanwhile, it is common knowledge that security is a serious business – concerning the safety of lives and property. As such, adopting technology takes cognizance of this through developing tools or gadgets capable of improving security across space and time. One such piece of equipment is the security surveillance cameras- designed to give real-time information about happenings around the vicinity of the installation. Although these have been around for quite some time, their relevance to enhancing security and safety has not waned, especially as they continue to improve.


Nigerians are not new to using security surveillance cameras, as you can find them at homes, offices, shopping centers, religious centers, banks, estates, streets, etc. But while some people believe the cost of acquiring these gadgets is expensive, others are skeptical of their effectiveness – both untrue. Rhebuch is changing this age-long narrative by providing quality and affordable security surveillance cameras to Nigerians.


What Is Rhebuch?


Rhebuch is a technological company that is a multi-brand distributor of smart homes, video surveillance, fire alarms, access control, smart lighting systems, and many more. Therefore, it is your one-stop shop to buy all automation systems for your home or office. This company is reputed for providing the latest global standard equipment to foster the safety and security of lives and property in Nigeria.


There are CCTV cameras of different brands on Rhebuch – some of which include DAHUA 4HDD EPoE, DAHUA 24-port Unmanaged PoE switch, DAHUA 8MP IR fixed-focal dome network camera, Hikvision fixed dome network camera, DAHUA unmanaged desktop switch, etc.


Therefore, Rhebuch is the leading place to buy your security surveillance cameras, as there are many benefits from shopping on this platform.


Benefits Of Shopping For Security Surveillance Cameras On Rhebuch


1. Affordable And Quality Cameras


Rhebuch operates in sync with its mission of providing its customers with the best and latest gadgets in the marketplace – which it still upholds. As such, this platform is where affordability and quality melt, such that you purchase original security surveillance cameras at the best prices that are relatively lower than its competitors.


For instance, you can buy a DAHUA fixed focal dome network camera for as low as N75,000, cheaper than other marketplaces selling the camera. Therefore, you are saving more when you buy on Rhebuch.


2. Multiple Camera Options


Rhebuch provides a wide range of options when buying your security surveillance cameras. This is because they vary in type, purpose, and price, making the platform a store for every budget. This aims to change the misconception that these cameras are expensive or ineffective. You can find your preferred security camera with a particular focal dimension and coverage on Rhebuch without buying whatever is available.


3. Fast And Free Delivery


You are eligible for fast and free delivery when you purchase security surveillance cameras and other systems on Rhebuch. This is to make the logistics of your purchased products seamless through its unique way of proving that the company is highly customer-centric. Therefore, your cameras will be delivered to the platform within 24 hours of purchase.


4. Fast Returns


Rhebuch allows its customers to return their purchased products if they are no longer interested or unsatisfied. Irrespective of the reason, if it is valid, there is a window for you to return your camera for another. You can complete the return process on the platform within 24 hours.


5. Discount Offers


You can get the best deals for purchasing security surveillance cameras on Rhebuch. This is always available during special sales seasons, where you will have price slashes for your sales. It can go as high as a 30% discount on the platform. That is why it is important to always keep up with the sales and deals on the platform so as not to miss out.




You can get quality security cameras in your home or office at the best prices on Rhebuch, as it boasts a large customer base that trusts the platform for security and safety automation needs. So you can buy all your security gadgets on Rhebuch to give you the sense of safety you desire.


Continue Reading


Financial Analysis: A Comprehensive Study of The Well-Being of A Country 




Financial Analysis: A Comprehensive Study of The Well-Being of A Country

Understanding the financial stability of a country requires a thorough understanding of financial analysis. In order to offer insights into the overall financial stability and overall wellness of the country, it entails evaluating a range of economic indicators, financial performance, and market movements.

In this article, we will delve into the fundamentals and importance of financial analysis in evaluating a country’s economic situation.


Ancient Beginnings:

The roots of financial analysis can be traced back thousands of years. The ancient Mesopotamians, Egyptians, and Greeks were among the pioneers of documenting financial transactions, creating basic records of assets and liabilities. These early attempts laid the groundwork for the concept of financial analysis through the study of financial statements and ledgers.

Medieval Europe:

During the Middle Ages, Europe witnessed the rise of merchant guilds and the emergence of double-entry bookkeeping. Italian mathematician and Franciscan friar, Luca Pacioli, is often credited with formalizing double-entry bookkeeping, publishing his seminal work “Summa de arithmetica, geometria, proportioni et proportionalita” in 1494. The concept of balancing debits and credits within financial records formed the basis for modern financial analysis techniques.

Industrial Revolution:

The Industrial Revolution in the 18th and 19th centuries revolutionized business and the need for financial analysis grew rapidly. As companies expanded and diversified, investors began demanding more comprehensive financial reports to assess the potential risks and returns of their investments. The birth of limited liability companies further accelerated the need for financial analysis, as shareholders sought transparency in the performance of their investments.

Modern Era:

The 20th century witnessed significant advancements in financial analysis techniques. The advent of electronic computing in the mid-1900s enabled the processing and analysis of vast amounts of financial data, leading to the development of sophisticated financial models and ratios.

The Great Depression of the 1930s laid the groundwork for modern financial analysis as regulators sought effective ways to prevent future economic crises. The establishment of the U.S. Securities and Exchange Commission (SEC) in 1934 brought about standardized reporting requirements, including the filing of audited financial statements. This increased transparency and standardized financial reporting provided analysts with a more accurate and consistent basis for their analysis.

The Rise of Quantitative Analysis:

In the latter half of the 20th century, the growth of computing power and the availability of large data sets propelled financial analysis into new territory. Quantitative analysis, utilizing statistical models and mathematical algorithms, started gaining prominence. Financial analysts began incorporating complex mathematical methods to assess investment opportunities, risk management, and portfolio optimization.

Modern Financial Tools:

With the advent of the internet and the digital age, financial analysis has become even more accessible and data-driven. Sophisticated software programs, data analytics tools, and artificial intelligence have revolutionized the way financial data is analyzed and interpreted. In recent years, technologies like machine learning have been leveraged to develop predictive models that can assess future trends and make accurate financial forecasts.


Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.

Financial analysis is a fundamental tool that allows organizations and individuals to assess the past, present, and future financial health of a business or investment. Through a systematic examination and interpretation of financial statements, ratios, and other key indicators, financial analysis helps in making informed decisions, optimizing resources, and improving overall financial performance. In this article, we will delve into the meaning of financial analysis, its prominent components, and its significance across various sectors.

Financial analysis involves scrutinizing financial data to evaluate the performance and profitability of an entity. It assists in quantifying the effectiveness of financial decisions, identifying trends, predicting future outcomes, and benchmarking against industry standards. By analyzing financial statements, investors, analysts, and other stakeholders gain valuable insights into the financial position, liquidity, solvency, and operational efficiency of an organization.


  1. Gross Domestic Product (GDP): GDP is a primary indicator used to gauge the economic performance of a nation. Financial analysts analyze GDP growth rates and its components, such as consumer spending, government expenditure, investments, and net exports. This analysis helps in determining the overall strength of the economy and identifying areas of potential growth.
  2. Trade and Balance of Payments: Trade analysis focuses on a country’s imports, exports, and balance of payments. Evaluating trade patterns helps identify sectors driving the country’s economic growth, trade imbalances, and potential risks to the economy from external factors such as changes in global demand or disruptions in supply chains.
  3. Inflation and Interest Rates: Analyzing inflation rates and interest rates provides insights into the stability of a country’s economy. High inflation erodes purchasing power, while high-interest rates can impact borrowing costs, affect consumer spending, and investment behavior. Financial analysts assess the impact of inflation and interest rates on an economy’s overall competitiveness and economic growth potential.
  4. Government Debt and Fiscal Policy: Analyzing a country’s government debt levels and fiscal policy is crucial in understanding its financial sustainability. A high level of government debt may lead to increased borrowing costs, reduced investor confidence, and potential risks to economic stability. Evaluating fiscal policies helps determine whether a country is managing its finances effectively and implementing sustainable economic growth strategies.
  5. Stock Market Performance: The stock market reflects investor sentiment and provides valuable insights into a country’s economic outlook. Analysts evaluate key stock market indices, such as the country’s primary exchange, sector-specific indices, and market capitalization trends. Monitoring stock market performance allows for an understanding of investor confidence, economic growth expectations, and potential risks to the financial system.
  6. Banking Sector and Financial Institutions: A robust banking sector is essential for economic stability. Financial analysts assess the health of the banking system by evaluating indicators such as non-performing loans, capital adequacy ratios, and the overall stability and soundness of financial institutions. Understanding the well-being of financial institutions helps gauge the potential risks to the overall economy, including credit availability, liquidity, and financial contagion.
  7. Regulatory Environment and Governance: The regulatory environment and governance play a critical role in attracting investment and fostering economic growth. Financial analysts assess the effectiveness of regulatory frameworks, transparency in financial transactions, and the overall credibility and efficiency of institutions responsible for enforcing regulations. Evaluating the regulatory environment aids in understanding potential risks and opportunities for sustainable economic development.


Financial analysis plays a vital role across various sectors, serving the following purposes:

  1. Evaluating Financial Performance: By conducting a comprehensive financial analysis, companies can assess their performance, profitability, and financial stability. This, in turn, helps in identifying areas for improvement, developing strategic plans, and making sound financial decisions.
  2. Assessing Investment Viability: Investors rely on financial analysis to evaluate the profitability and risks associated with potential investments. Through detailed scrutiny of financial data, investors can determine the financial health and growth prospects of a company, aiding in making informed investment decisions.
  3. Facilitating Lending Decisions: Financial institutions utilize financial analysis to assess the creditworthiness of loan applicants. By analyzing financial statements, evaluating ratios, and assessing the risk profile, lenders can ascertain the borrower’s ability to repay loans and make sound lending decisions.
  4. Supporting Strategic Decision-Making: Financial analysis aids in strategic decision-making, such as expansion, diversification, or mergers and acquisitions. Understanding a company’s financial position and performance provides a foundation for evaluating the feasibility and potential outcomes of such decisions.


Conducting a comprehensive financial analysis provides valuable insights into the economic landscape of a country. By evaluating indicators such as GDP, trade patterns, inflation rates, government debt, stock market performance, banking sector health, and regulatory environment, financial analysts can gauge the overall financial health, identify potential risks, and recommend strategies for sustainable economic growth. Accurate and timely financial analysis acts as a compass, guiding policymakers, investors, and businesses to make informed decisions and contribute to the overall prosperity of the nation.

Continue Reading