Opeyemi Quadri

Nigeria May Impose ‘Heavy’ Tax On Foreign Exchange Transactions At Parallel Market

The imposition of excise tax on foreign exchange transactions outside the official market is one of the recommendations of the Presidential Fiscal Policy and Tax Reforms Committee which submitted its recommendations Wednesday in Abuja. In a report titled “Quick Wins”, the committee head and a tax expert, Taiwo Oyedele led his members to submit its […]

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Most Indebted State, Lagos, Ranks No. 1 In 2022 IGR (Full List)

Data

The most indebted state in Nigeria in terms of domestic and external debts Lagos generated the highest Internally Generated Revenue (IGR) with N651.15 billion in 2022, data from the National Bureau of Statistics revealed. It isn’t the first time Nigeria’s commercial capital will be on top of the list of IGR in Nigeria. In 2021, Lagos topped

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How Tinubu Can Resolve the Foreign Exchange Crisis in Nigeria

Tinubu Speaks on FOREX As Naira Falls To N1,220 Against Dollar

Forex

Just a few minutes after the Naira slid to $/N1,220 against the US Dollar at the parallel market on Monday, October 23, President Bola Tinubu has assured Nigerians that he is not relenting in making sure that foreign exchange liquidity improves. On Monday, Naira experienced its worst value against the USD in history closing at

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Meet Bunmi Tunji-Ojo, First Minister of Blue Economy in Nigeria

Applicants Expose Corruption in Passport Offices

Travel Guide

Since assuming office as the Minister of Interior Olubunmi Tunji-Ojo aka BTO has shown passion to address Nigeria’s passport application age-long delay tactics by some officials of the Nigerian Immigration Service (NIS), but corruption persists. If you register for a passport online, you’ve committed an offence in the eyes of NIS officials, raising the question:

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Can a Nigerian Abroad With Expired Passport Travel to Nigeria?

Travel Guide

Travelling with an expired passport to Nigeria? Now, let’s rephrase the question: Can a Nigerian in the U.S. with an expired passport travel to Nigeria with the same passport? YES, as a Nigerian in the United States, you can travel to Nigeria with your expired passport. This travel policy regarding passports applies to Nigerian nationals

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How To Achieve USD/N500 Exchange Rate – Financial Expert Reveals

Forex

A financial analyst Kalu Aja has proffered solutions to the lingering FOREX crisis in Nigeria, saying it is possible for the country to achieve a $/N500 exchange rate. At the time of publication, the US dollar was exchanging at N1,165, EURO at N1,168, while British Pound was N1,350 at the parallel market. At the I

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How Bad Was Garba Abubakar As CAC Boss?

Business Registration

I watched in dismay as some officials of the Corporate Affairs Commission (CAC) ‘gyrated’ over the removal of their boss, Garba Abubakar. The embarrassing audacity of civil servants The audacious civil servants at the CAC headquarters in Abuja didn’t merely rejoice over Mr. Abubakar’s exit on October 14, 2023; they displayed inscriptions on placards and banners

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oil storage tank, crude oil, oil terminal-5015840.jpg

Delta Tops 13 Percent State Revenue Derivation List Under Buhari Govt (June 2015 – May 2023)

Data

For eight years of his administration, ex-President Muhammadu Buhari released a total of N4.28 trillion as 13 percent derivation revenue to the oil-producing states. Delta State received the highest: N1.26 trillion. How much did each state receive? According to data obtained from FAAC and complied by InfomediaNG team, here is the total amount each of

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VIDEO: CAC Workers Dance Over Sacking Of Abubakar As Registrar-General

Business Registration

The sacking of Garba Abubakar as the Registrar-General of CAC has elicited celebration among workers of the Corporate Affairs Commission. In a video which has now gone viral, some CAC officials hired drummers, sang, and danced over the exit of Mr Abubakar. They were seen dancing at the headquarters of the agency located at Tigris

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Photo showing a trading expert trying to explore the lucrative opportunities of trading

Exploring the World of Trading and Its Lucrative Opportunities

Finance

Trading has been an integral part of human civilization for centuries. From the bustling bazaars of ancient times to the digital platforms of today, trading has consistently provided opportunities for growth, wealth creation, and global economic expansion. Today, trading has undergone a revolutionary transformation, thanks to technological advancements. It offers a world of lucrative opportunities,

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