Opeyemi Quadri

history of state creations in nigeria from 1967 till date

20 Factors Foreign Investors Must Consider Before Investing In Nigeria

Any investor in the United States, Germany, and Italy among other advanced economies who wishes to their business to Africa, will most likely put Nigeria on their list despite many challenges confronting the country. Summary: Nigeria has a large and ever growing market, availability of hydrocarbon resources, and commendable FDI policy, yet poorly developed transport […]

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Naira Falls to N780 Against British Pound, Heads Towards N800 to £1

Foreign Exchange

The naira continues to fall in the foreign exchange market even as abokifx, which was accused by the Central Bank of Nigeria (CBN) of “being responsible” for the bad performance of the naira against major foreign currencies. At the time of this report, the British Pound Sterling was selling for N780 at the parallel market while

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Meet Yoni Assia, Who Founded eToro at 25 With His Brother And Friend

Notable People

On September 24,2021, eToro, a global multi-asset investment platform, announced the launching of a Decentralized Finance (DeFi) portfolio that put financial services on the blockchain. Since its founding in 2007, the innovations by the socio-crypto trading platform has been outstanding, the question we don’t always ask is: who is the brain behind the success stories of

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Invest In Forex Exchange For Profit in Nigeria infomediaNG

6 Apps That Let You Invest In U.S. Stocks From Nigeria

Investment

Some years back, an investor had to locate a stockbroker, fill out forms, and wait till the end of the financial year to receive dividends which were usually delivered through the postal service. It was even more difficult to invest in foreign stock back then. Today, that has changed, FinTech has simplified foreign investments and

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buy_forex_for_personal_travel_allowance_and_business_travel_allowance

Names of Nigerians Who Bought Forex With Fake Visas And Their Account Details

Foreign Exchange

On August 31, the Central Bank of Nigeria (CBN) said it discovered some Nigerians who bought forex for Personal Travel Allowance (PTA ) and Business Travel Allowance (BTA) with fake visas at designated banks, a practice that could lead to the blockage of account details of such defaulters or face prosecution. The apex bank immediately

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abokifx suspends forex update on its website

Naira Falls To N575 Against US Dollar As AbokiFX Suspends Black Market Rate Update

Foreign Exchange

Two days after Abokifx suspended black market rate on its foreign exchange tracking website, Naira has depreciated further. On Monday, September 20, 2021, $1 was N575 in some parts of Lagos, even as Abokifx removed all the updates on its website, following a threat from the Central Bank of Nigeria (CBN) on Friday, September 17,

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Naira Slumps To NGN570 To $1 As CBN Targets AbokiFx For Updating Black Market Rate

Foreign Exchange

The worst is yet to be heard about the value of Naira going by the recent depreciation from NGN521 on September 1 to NGN570 Thursday, September 16, 2021. The decline in the value of naira entered a new phase since the Central Bank of Nigeria (CBN) stopped the sales of foreign currency to Bureau de

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7 Requirements To Register a Clearing and Forwarding Company In Nigeria

Everything Nigeria

Clearing and forwarding companies can’t be neglected in the supply chain of goods across the border. As such exporters and importers can’t do without them. They play a critical role in the shipping industry. In Nigeria for instance, a clearing and forwarding company or agent must be registered by the Nigeria Ports Authority (NPA). In

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43 Products Banned By Buhari From Accessing Forex

Foreign Exchange

On June 23, 2015, less than a month after Muhammadu Buhari took an oath of office as Nigeria’s president, the Central Bank of Nigeria (CBN) blocked some items from accessing foreign exchange at the official market. And on May 06, 2021, the CBN insisted that it would continue to block the importation of maize into

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Naira Hits A New Low of NGN557/USD, NGN760/£1 At Black Market Rate

Foreign Exchange

When the Naira traded at NGN545/$1 on Friday, September 10, 2021, we thought that was the worst for the Nigerian currency. But NGN/USD has depreciated even further at the close of trading Tuesday, September 14, 2021, it ended the day at NGN557, corroborating our earlier analysis that the NGN was heading to NGN600/USD. On the

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