Editorial Staff In a bid to wipe out multiple exchange rates in Nigeria’s foreign exchange, the Central Bank of Nigeria has reportedly devalued the naira from NGN461.6 to NGN631. On Wednesday, May 31, 2023, the US dollar exchanged for N461.6 at the Importers and Exporters (I&E) window. The new exchange rate takes immediate effect, according to a report … Read more
There was confusion across Nigeria on Wednesday, May 31, 2023, over the removal of payment of subsidy on Premium Motor Spirit also known as Petrol. In his inauguration speech on May 29, 2023, President Bola Ahmed Tinubu bluntly said, “Petrol subsidy is gone”. Tinubu’s “petrol subsidy is gone” declaration forced petrol marketers across the country … Read more
A legislature that has two houses or chambers is known as bicameralism. Simply put a legislature that has Upper and Lower Chambers. The name such lawmaking chambers are called may vary from country to country. For instance, the U.S law-making body is called the Congress which has two houses: the House of Representatives and the … Read more
A legislature that consists of one chamber, house or assembly is politically known as a unicameral legislature. Legislation that is made or a bill that is read,. deliberated upon, and passed by the assembly is the final. It doesn’t go to any other house. The unicameral system is the most popular at the state or … Read more
From June 20, 2023, when President Bola Tinubu made his first foreign trip to Paris to date, he has embarked on at least 18 trips outside the shore of Nigeria. Like former President Muhammadu Buhari, who embarked on over 100 international trips during his reign, here is President Bola Tinubu’s foreign travel history from May … Read more
Also known as the branches or organs of government, the legislature, executive, and judiciary make up a democratic government. Individually, their functions define what a democratic country is. I say this because a military government doesn’t have what can be called a legislature, the military makes and execute the law, and usually dictate to the … Read more
Government is an enforcer of the laws of a country irrespective of those involved: extremely rich or poor. Government law is binding on everyone. A member of a landlord association who doesn’t want to obey the rules of the association may decide to sell off his building or leave the community, but the law of … Read more
There are 49 state polytechnics in Nigeria. The first and oldest state-owned polytechnic in Nigeria is the Institute of Management and Technology popularly known as IMT located in Enugu which was established in 1965. Management of state polytechnics in Nigeria As stated in our previous post, ownership of polytechnic lies in federal, state, and private hands. Management of … Read more
A polytechnic is specifically designed to teach and offer real-world practical training to individuals for them to be useful in all facets of economic and managerial activities. Polytechnics offer entry-level employment skills to their students to function as technicians, technologists, higher technicians, and professionals in their chosen fields. In Nigeria, a certificate of operation of a polytechnic … Read more
Following the revocation of the operating licence of Eyowo, the digital bank said transactions on its platform had been halted and could last 24 to 72 hours for the issue to be resolved. This means that Eyowo customers will be unable to send or withdraw from their account, pending the time it sorts out the … Read more
In what can be described as upheaval in the financial sector, Nigeria’s apex bank on Monday, May 22, 2023, released a full list of microfinance banks whose operating licences were revoked. Three finance companies and four primary mortgage banks also lost their operating licence to the Central Bank of Nigeria (CBN), bringing the number to … Read more
Nowadays, there are a lot of brands and businesses that prefer to ply their trade online rather than sticking to traditional brick-and-mortar premises. And it makes sense, too. According to Zippia, there are 12 – 24 million e-commerce websites on the internet as of 2022. And this number is constantly growing. In this vast number … Read more
In recent years, the world has witnessed a remarkable surge in technological advancements, with artificial intelligence (AI) at the forefront of this revolution. AI has rapidly transformed various industries, leading to increased efficiency, improved decision-making, and enhanced user experiences. As we look toward the future, it becomes increasingly evident that AI will continue to play … Read more
In today’s competitive business landscape, the pursuit of growth is a top priority for organizations seeking to thrive and stay ahead. To achieve sustainable success, businesses must employ effective growth strategies that adapt to changing market dynamics. Of course, there are firms that offer comprehensive consulting services to assist businesses in implementing these growth strategies … Read more
As more individuals try to automate their houses and simplify their lives, smart home technology is growing in popularity. There are innumerable gadgets that claim to make your house more convenient and safe, ranging from smart locks that let you operate your front door from a distance to thermostats that remember your routine. Smart home … Read more