We’ve intensified our mission to empower entrepreneurs in building financial prosperity and last year we spent a considerable amount of time talking to our members about what they need to grow. One topic that is always discussed and highlighted as important is access to capital, whether that be equity or debt, entrepreneurs are always […]
Leveraging Good Debt for Business Growth: An Entrepreneurs Guide
Don’t be afraid of debt. Many entrepreneurs and businesses are utilizing debt to their advantage. Understanding debt and how you can use “good debt” to scale your business is what this article is about. When used wisely good debt can be a powerful strategy that contributes to business growth and long term business success. What […]
How To Automate Salary Payment on Prospa
What’s the most common challenge every small business owner faces in their business? Based on feedback we’ve gotten from members, managing payroll is definitely on that list. When you are a solopreneur, creating a system to pay yourself a salary monthly can be tough. And when you start having employees, making sure employees receive their […]
Here’s How To File and Pay Your VAT Returns Online in Nigeria
You’ve taken the right step to register your business, get a TIN, get a VAT number, now it’s time to pay your VAT. In this article, I’ll show you how to pay your VAT online in Nigeria and also at the bank if you prefer. Step-by-Step Guide to Pay Your VAT Online in Nigeria The […]
How Beeba, Owner of Ara Lagos, Runs Her Business With Prospa
Through our #MemberStories we introduce you to some of the awesome members of our community. Our member community is made up of entrepreneurs, freelancers and business owners, building businesses, working on exciting projects and having fun while doing so. Today we are putting a spotlight on Ibiola Alabi (Beeba), the Chief Everything Officer of Ara […]
Guide: How To Get VAT Number for Your Business in Nigeria
Have you ever looked at a receipt given to you after shopping at the supermarket and wondered why it’s marked as VAT inclusive? If you’ve never noticed that on your receipts, how about when you’ve concluded payments on a product and when you receive your invoice, there’s an extra amount tagged as VAT. As long […]
How To Download Your Statement Of Account Via Web
You download your statement of account via the web. You don’t have to manually input your login credentials when accessing Prospa from the web. Simply use a QR code to log in via your mobile app. A step-by-step guide on how to download your statement of account of account via web Login to your Prospa […]
Understanding Pricing on Prospa: Fees, Rates and Charges
We pride ourselves on fair and transparent pricing. You will never be charged for something you are not aware of, our billing dates and times are clear. You also receive an email and SMS receipt every time you are billed. How does Prospa differ from other services? You may be wondering how Prospa is different […]
Understanding Prospa Accounts
Owning a business account helps business owners manage their business finances Having a business account gives you an overview of the inflow, outflow of profit and business liabilities. Your business bank account should be separate from your personal account so you can easily track your money and make more informed decisions about your business. At […]
Guide: How To Get Your Tax Identification Number (TIN) in Nigeria
Having a Tax Identification Number is compulsory for all businesses in Nigeria. It is a legal requirement to have a TIN number if you want to open a business bank account. If you are a business owner who wants to learn how to get TIN in Nigeria for your limited liability company or a sole […]