Editorial Staff 
The first Minister of the Federal Capital Territory (Lagos) was Mobolaji Ajose-Adeogun while the incumbent FCT Minister is Nyeson Wike, a former Governor of Rivers State. FCT Minister from 1976 to date Here is the full list of past and incumbent ministers of the Federal Capital Territory (FCT) from 1976 to date. Who moved FCT … Read more
Who is Nigeria’s Minister of Science and Technology? Mr. Uche Nnaji is the new Minister of Innovation Science and Technology. Understanding The Federal Ministry of Science and Technology The renamed Federal Ministry of Innovation Science and Technology was formerly known as Ministry of Science and Technology. Bolar Tinubu modified the name. The ministry is designed … Read more
Who is Nigeria’s Minister of Power? Mr. Adedayo Adelabu is Nigeria’s incumbent Minister of Power. Adelabu was a former deputy Governor at the Central Bank of Nigeria (CBN). The Most Troubled Ministry in Nigeria Between 1999 to 2007, President Olusegun Obasanjo’s administration spent NGN374.65 billion or $2.88billion on the power sector, but there was no result. … Read more
With the mandate to promote agro-processing, preservation, and storage to reduce pre and post-harvest losses to the barest minimum, Nigeria’s Ministry of Agriculture and Food Security has the most elaborate functions in Nigeria’s economy. Name change Until the name change, it was known as the Federal Ministry of Agriculture and Rural Development. It is one … Read more
Who is Nigeria’s new Minister of Petroleum Resources? Like his predecessor, President Bola Tinubu is the Minister of Petroleum Resources. Heineken Lokpobiri, the Minister of State, Petroleum Resources (Oil) and Ekperikpe Ekpo, the Minister of State of petroleum Resources (Gas) will assist the president. How Petroleum Resources Ministry Came About The discovery of the first … Read more
Guaranty Trust Holding Company (now Guaranty Trust Bank) is selling US dollars to online buyers at NGN480.96/$1, research by InfomediaNG Business Solutions (IBS) has shown. Most times, commercial banks that have foreign exchange licences do not sell forex at a unified rate to customers as they determine what their rate would be. When a team … Read more
Until the Economic and Financial Crimes Commission (EFCC) released a public statement Wednesday, October 27, 2021, that it would be auctioning some properties linked to Nigeria’s former Minister of Petroleum Resources, most people never knew there was a lady’s bra as expensive as $12.5 million. For your information….$12.5million is NGN7,000,000,000 at the parallel market at … Read more
On October 2, 2023, Diezani Alison-Madueke, appeared before the Westminster Magistrates Court in the United Kingdom over an alleged £100,000 bribe. Her latest trial in far away UK since 2015 means that Nigeria’s anti-graft agency – EFCC – still has its eyes on her for extradition to face corruption charges back home. Takeaways: This article … Read more
Since the Central Bank of Nigeria (CBN) announced the launch of a digital currency dubbed “eNaira” which is known as Central Bank Digital Currency (CBDC), Nigerians expressed mixed reactions to the project. While some Nigerians praised it, some berated the apex bank for coming up with such an idea as having “ban” trading of cryptocurrency … Read more
In 2015, as Nigerians prepared for a general election, the outcome of which was predicted to split Nigeria, a UK-based news magazine, The Economist, in its editorial supported the opposition candidate at the time, Major General Muhammadu Buhari, against the incumbent Goodluck Jonathan, who represented a party that had been in power for 16 years. … Read more
Tagged the pandemic year, 2020 was still rosy for 11 states in Nigeria as Foreign Investors from across the world came to put their monies in the biggest Africa’s economy. Although Foreign Direct Investment (FDI) dropped by 59.7 percent, Abuja, the Federal Capital Territory (FCT) and 10 states received inflows. Equities supplied the largest capital … Read more
The coast is now clear for former NYSC members to submit their applications for the Tertiary Institutions Entrepreneurship Scheme (TIES). The programme is a brainchild of the Central Bank of Nigeria (CBN) in pursuant to the CBN Act, 2007 to reduce unemployment among young graduates by supporting their creative and innovative ideas financially. Recalled that the governor … Read more
Nigeria houses 36 federating states that are also interwoven by boundaries. No state lives in isolation, they are interconnected with one other. The inter-connectivity of the states which make Nigeria as one plays a significant role in the promotion of local trade and business. In one of our guides, we shared with you 15 states … Read more
Created on February 3, 1976, Borno State is home to 35 ethnic groups including the hospitable Kanuri people. It is the second-largest state in Nigeria in terms of landmass and houses more than 20 profitable opportunities. We’ll tell you, apart from the dangerous activities of an Islamic terrorist group, other challenges of investing in Borno. … Read more
For Nigerians who engage in international trade: importation and exportation business, access to finance could be challenging, but this has specifically been solved by Stanbic IBTC bank. Called import and export finance, the financial support is aimed at solving some of the financial constraints Nigerian importers and exporters face in their trade. 6 Benefits of … Read more