Meet Bolaji Agbede, the Woman Stepping Into Herbert Wigwe’s Shoes as Access Bank’s CEO

It may be tasking for anyone fill the vacuum left behind by the Herbert  Wigwe, the late Group Chief Executive Officer of Access Holdings PLC, but to preserve his significant legacies, the Board of Directors of the bank announced on Monday, February 12, 2024, the appointment of Ms. Bolaji Olaitan Agbede as the acting GCEO … Read more

CBN Bars WorldRemit, Others From Making Dollar Transfer to Nigerians

WorldRemit, MoneyGram, and other International Money Transfer Operators (IMTOs) will cease releasing dollars or other foreign currencies to Nigerians. Instead, remittances will now be processed and converted to Naira, with the recipient’s account being credited in the local currency. More than 50 licenced IMTOs are operating in Nigeria, they include Sendwave, MoneyGram, WorldRemit, Remitly, and … Read more

Nigerian Banks Block Payoneer From Sending Dollar To Nigeria

Payoneer request payment guide

Pyoneer can no longer send dollars and other foreign currencies to Nigeria. This change is due to banks in the country implementing the latest foreign exchange guidelines set by the Central Bank of Nigeria (CBN). This marks a departure from previous practices where freelancers could transfer funds from their Payoneer account directly to their domiciliary … Read more

Top 10 Largest Recipients of Remittances in Africa in 2023

Nationals of 10 African countries accounted for $79.3 billion in remittances in 2023. The top five are Egypt, Nigeria, Morocco, Ghana, and Kenya. Egyptians in diaspora sent approximately $24.2 billion back home, while Nigerians and Moroccans abroad sent $20.5 billion and $12.1 billion respectively to their home countries. Remittances are the funds or monies that are … Read more

The Winners of Africa Cup of Nations From 1957-Present

Winners of Africa Cup of Nations

Surprisingly, Ivory Coast came from one goal down to beat the Super Eagles of Nigeria 2-1 in the 2023 AFCON final. Ivorians are the host and Africa’s champion. Congratulations to them! The Africa Cup of Nations (AFCON) is the juiciest soccer competition on the African continent, held biennially. It is organized by the Confederation of … Read more

Requirements to Claim Your Late Parent’s Shares

This is a graveyard to illustrate how family can transfer the shares of their late parent's into their name

Most times, claiming the investment holdings, including stocks, bonds, and other securities of a deceased family member involves a tedious legal process, especially if the deceased died intestate (without a Will). So, if your parent, grandparent, spouse, or any family member has passed away without leaving a will, you might have a backlog of unclaimed … Read more

4 CFD Trading Strategies You Should Master

CFD trading has become very popular over the years. The advancements in technology and online trading platforms have made all CFD instruments easily accessible and tradable for everyone. You can explore multiple markets with CFD trading, one of which is the dynamic forex market. Forex CFDs have become one of the most traded instruments on … Read more

Somali Shilling Now Stronger Than The Naira

Value of Somali Shilling

The Somalian currency (SOS) is now stronger than the Naira. 1 SOS can buy N2.8, meaning 50,000 SOS is equivalent to 140,000 naira at the time of publication, just as a foreign exchange crisis envelops Africa’s biggest economy amid acute inflation. SOS gained 157.67 percent against the Nigerian currency from February 1, 2023, to February … Read more

How To Use Yellow Pay To Send Money To Friends Across Africa

This photo shows the status after using Yellow Pay to send money to another Yellow Card user within Africa

What is Yellow Pay? Yellow Pay is a cross-border payment product of Yellow Card Financial Inc. which uses blockchain technology in sending and receiving local currencies across African countries. I tested it by sending money to a colleague. It’s indeed faster than the conventional transfer system. It is faster and cheaper for cross-border payments in … Read more

Cardoso, CBN Policies Cannot Unilaterally Tackle Inflation

Olayemi Cardoso of CBN

The recent promise by the Governor of the Central Bank of Nigeria (CBN) Yemi Cardoso to introduce anti-inflation policies sounds like the “usual political talk”, it lacks the sufficient economic substance that is needed to fight Nigeria’s 27-year debilitating 28.9 percent inflation, which is largely driven by food. Nigerians have grown weary of such rhetoric. Speaking … Read more

Yellow Card App Review: Is It Worth Using? Here Are My Experiences After Using It

This photo shows the quantity of crypto I bought on Yellow Card App

Given the proliferation of fraudulent exchanges following the cryptocurrency boom, along with the prevalence of pump-and-dump practices, many individuals in the crypto trading community exercise caution when considering a new platform. In terms of novelty, the Yellow Card App is one such platform. However, the question remains: Is it a legitimate platform for Africans to … Read more

Timeline of Tax Revenue Collections in Nigeria (1999-Present)

Taxation In Nigeria

The Federal Inland Revenue Service (FIRS) collected at least N89.077 Trillion in 25 years, increasing its tax revenue by 1,936.48% between 1999 to 2023, Tax Revenue Statistics on the agency’s site reveals. FIRS is an agency of the Federal Ministry of Finance in Nigeria with the core functions of assessing, collecting, remitting, and accounting for … Read more