VAT Sharing Formula: What the Northern Governors Should Be Discussing

cross-section of Northern Governors Forum during a meeting in Kaduna 2024

The recent response from the Northern Governors Forum, led by Gombe State Governor Mohammed Yahaya, opposing a proposed derivation-based Value Added Tax (VAT) sharing formula is not only laughable but reveals their unwillingness to engage in meaningful economic discourse. According to the proposed policy, states hosting more multinational companies would receive a larger share of … Read more

Accusers have used anonymity as a weapon against me – RCCG pastor accused of homosexuality speaks

A suspended pastor of the Redeemed Christian Church of God (RCCG), Ayorinde AdeBello, has denied the allegation of homosexuality levelled against him by the church. He took to his Instagram page to react to the RCCG letter which announced his suspension because of alleged discussions he had with teenage boys of the church. Ayorinde, who said … Read more

Blackout in the North: A Warning That Bandits Can Ground Nigeria’s Economy – They Must Be Stopped

The recent attacks on power infrastructure in Nigeria’s North East and North West, affecting 13 states, underscore that Boko Haram insurgents—or whatever they call themselves—still have the capacity to severely impact Nigeria’s economy. They must be crushed without any hesitation. The rhetoric of “they have been decimated” must end. Reports indicate that insurgents vandalized the … Read more

What Are The Benefits of a Fire Insurance Plan?

What is Fire Insurance? Fire insurance is a type of insurance policy that provides financial coverage for damages or losses caused by fire. It protects your property—whether it’s your home, office, or business—by covering the costs of repairing or replacing the damaged structure and belongings. This policy ensures you are not left to bear the … Read more

How Transparency in Product Ingredients Can Boost Your Brand’s Credibility

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Consumers are increasingly conscious of what they put into their bodies and how products affect their health and the environment. This awareness has led to a demand for transparency in product ingredients, with consumers seeking clarity and honesty from brands.  PwC highlights that a significant 31% of conscious consumers see inflation as the top risk … Read more

DeFi Insurance: How It Works and Its Benefits

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Decentralized Finance (DeFi) insurance refers to a blockchain-based insurance system that operates without the need for traditional intermediaries such as insurance companies or brokers. In DeFi insurance, smart contracts are used to automate claims and payouts, allowing users to protect their digital assets in a decentralized manner. This innovative approach aims to bring more transparency, … Read more

Pros and Cons of Windfall Tax

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Nigeria’s government is proposing a 70% windfall tax on the foreign exchange profit made by the financial institutions in the country, following the country’s devaluation of its currency. So what is windfall tax? A windfall tax is a levy imposed by governments on companies that have benefited unexpectedly from circumstances they did not contribute to, … Read more

How I Fixed Discussion Forum Structured Data Issue on My Site

On September 14, 2024, I received an error notification from Google Search Console titled, “New Discussion forum structured data issues detected for…” on my education blog. The blog was barely three months old. Google specifically pointed out two Discussion Forum structured data issues: The “Comment” object must be nested inside a “CreativeWork” object. The “author” … Read more

List of LAUTECH Vice-Chancellors from 1990 to date

Nine Vice Chancellors, including Acting VC, have steered the affairs of Ladoke Akintola University of Technology, Ogbmomoso, popularly called LAUTECH, since the state-owned institution became a legal institution on March 13, 1990. Prof Olusegun Ladimeji Oke, a renowned chemist, was the pioneer Vice Chancellor of LAUTECH, following his appointment on May 2, 1990, by the … Read more

Understanding the Parallel Foreign Exchange Market in Nigeria

Foreign Exchange Market Nigeria Dollar To Naira

A parallel market in foreign exchange (FX) refers to an unofficial marketplace where currencies such as USD, GBP, and EUR are traded for the local currency outside the regulated channels. It closed at $/1,685 at the time of this publication. In Nigeria, this market exists alongside the official FX market, often exhibiting a significant disparity between … Read more

What Are Segregated Funds and Why Should You Care?

Finance savings Money management

You’ve probably heard of investments like mutual funds or stocks, but have you ever heard of something called “segregated funds”? Let’s break down what they are and why you might want to invest in them. What is a Segregated Fund? A segregated fund is a type of investment that comes with a special insurance feature. … Read more

Starlink forced Safaricom to improve services – Kenyan President Ruto

Is Starlink available in my area

Kenyan President William Ruto disclosed that bringing Elon Musk’s Starlink to his country was one of the best decisions of his administration. He stated this at the US-Kenya Business and Investment Roundtable in New York on the sidelines of the United Nations General Assembly (UNGA). According to him, the penetration of Starlink into African countries … Read more