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Ali has been working with his company for over five years. Yet, his salary has not increased significantly since he started. Over the years, the company had only increased his salary by 20% from when he started.

It was confusing as he kept receiving promotions, and everyone commended him for his work. So, why are these commendations not reflected in his salary?

One day, he spoke with a new colleague and realized that the person earned more than he did. So naturally, it puts him in a bad mood as he knows what he has sacrificed for the company and the hard work he puts in to get things going.

When we heard his story, we urged him to discuss a salary increase with the company’s management. Ali freaked out, saying he didn’t know how to have such a conversation. He also wondered if they wouldn’t sack him for having such a conversation.



Employees shouldn’t be scared of talking about getting a raise with their employers. If you know what you contribute to the company, then such a conversation shouldn’t be an issue. Of course, there are tips you’d need about approaching this topic. However, it isn’t an out-of-bounds topic.


Today, we’d be sharing ways you can negotiate your salary. This article is for those joining a new company and those like Ali who’ve been in a company for a long time and need a raise.


Six ways to negotiate your salary with your employer


Let’s say you’re about to start a new role and are not comfortable with the salary amount they’re offering. So, it would help if you had tips on negotiating higher pay.

Or, it could be that you’re already working for the company and feel you deserve to earn more. So, you’re thinking of how to have such a conversation with your boss or the management body.

Below are tips to keep in mind for such conversations.


  • Be Polite: You’re planning to approach them and discuss a salary raise. However, keep in mind that you’re not going for a fight. There are high chances that they may not want to consider your point of view, but that doesn’t mean that you should be impolite.

Remember that you must not lose your cool, no matter how tense it gets. The chances of them considering your proposition are higher when you are polite.

Someone like Ali felt slighted by the company. He thought they were taking advantage of him despite all he had done for the brand. But we urged him not to approach the board members with such rage or feeling.

Of course, we understood his feelings and urged him that his feelings were valid. But we’ve also understood that you cannot get anything done when you go into a negotiation meeting raging. So, therefore, you have to be level-headed.

Being level-headed ensures that you are composed and comprehensively present your pitch. Your attitude may be the deciding factor for the board. Of course, companies constantly seek to get the best talents at an affordable rate. However, being polite might tug their hearts and make them accept your offer.


  • Present a range: We told Ali that he should have a salary range in mind before going in for the meeting. Many people make the mistake of being fixated on a particular amount and do not want to let go. What if the board or your employers don’t agree to that amount? What happens next? Will you quit or reject the offer because they refused that amount?

Ideally, it would be best if you didn’t go into a negotiation room with a fixed amount in mind. Instead, you should have a salary range and present it to them. For example, you could say that you wish to have a salary of between 500 – 700 thousand naira. Now, the board would consider your range and pick an amount from there that they can offer. However, when you present a fixed figure, it is easier for them to reject it and say that they do not have such an amount to offer. So, it is best to remember that it is a negotiation process. It means that there would be lots of back and forth. So, it would not be easy to convince the employer. But giving them a range makes it easier for you.


  • Make it about the company: Why do you think they should increase your salary? We asked Ali this question after hearing his story. He began to tell us about the late nights he spends working for the company and how they even take up most of his weekends. He also laments how he has dedicated years of his life towards working for the company and doesn’t have a social life.

We could understand his sentiments and why he felt slighted by the company. However, we told him that his response wasn’t correct. We know you might be wearing a confused face while reading this. Of course, it is Ali’s experience, but it is not the proper way to answer the question.

When your employer asks you why they should increase your salary, you shouldn’t make it about yourself. When you make it about yourself, you make your reasons selfish and seem like you do not have the company at heart.

The best way to answer such a question is by focusing on the company. Let them know how increasing your salary would boost your efficiency and positively impact the company—finding ways to make it more about the company than yourself would be best.


  • Back up with facts: Asides from ensuring that your answer focuses on the company, you also need to back it up with facts. For example, Ali talked about how much he has done for the company and how much he could do with the proper compensation. It would help if he added figures from his past work.

If you’re interviewing for a new job and want higher pay, you should show them your past work. It could be by presenting your portfolio or showing verifiable figures. It shows them that you know how to do the job and that you’ll be a great asset to their company.

If you’ve been in the company for some time, you can also show your employers things that make them see that you’re always doing the work. They could have forgotten your impact because they classify it as teamwork or because you’re always working behind the scenes. So, showing them facts would remind them to juggle their memory.

It also gives them reasons why they should not lose you. However, if you go to negotiate your salary without facts and figures, it makes the company question what you do, and they even want to let you go.  


  • Know your worth: Sadly, many people do not know their worth. It is one of the reasons why Ali remained in the company for so long without a significant salary increase. Anytime he does something, he is always downplaying it. So, even when his employer noticed the work, Ali was not confident defending it. Thus, it began to seem like he was not doing anything in the company or bringing in any value.

Everyone needs to know their worth, which is helpful when negotiating your salary. By knowing your worth, you would have the confidence to face your employer. His lack of confidence was also why Ali had not approached his employer for a salary increase. It is best to remember that no one will hoot your horn for you if you do not do it for yourself.

Now, we are not saying that you should be proud or cocky. However, you should know your self-worth. When you are self-aware of your worth, you can confidently approach your employer and board members and make them see why you need a salary increase. Like makeup, you need to know your self-worth to boost your confidence.

  • Don’t overpush: We started by saying that you should be polite whenever you’re approaching the talk of a salary increase with your employer. In addition, you also need to know when to stop the conversation.

It is always best to know how to read the room. Sometimes, it could be that your employer isn’t in the best mood during the conversation. Of course, we know that you cannot always predict his attitude. However, once you notice that your employer seems off, you should not over-push the matter. Instead, pause and leave the subject for another time.

Some people say that we should always know when to pause our battles as we live to fight another day. It is also how you should know when not to overpush a salary negotiation conversation.

It could be that the board members even shut down the conversation once you started it. Now, do not feel down about it. Instead, thank them and leave. You’d be surprised that the conversation would not end there as they would communicate with themselves and would keep your proposal in mind.

If they insist on not increasing your pay or giving you the desired offer, you can decide to move on to another company.


Negotiating for a salary increase is a doable process. Therefore, never allow anyone to tell you that it isn’t possible.

The next time you want to have a conversation about your salary, use the tips we’ve discussed.

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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

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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.


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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.

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