Nigerians Traded $8,761,051BTC In Trading Week On LocalBitcoins and Paxful: What Does It Mean For CBN?

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Nigerians have traded at $8,761,051BTC on two major Peer-to-Peer (P2P) platforms LocalBitcoins and Paxful even as the Central Bank of Nigeria continues to block financial institutions from facilitating all transactions involving bitcoin and other cryptocurrencies. At the time of this report, 1BTC was N25,300,491.36 on Paxful and $48,960.56 on coinmarketcap. While Helsinki-based peer-to-peer bitcoin marketplace … Read more

15 Practicable Ways For SMEs To Avoid Business Failure

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When a small business owner takes a bold step to set up a venture, definitely their plan is to expand, grow, and possibly go international. Unfortunately, the rate of business failures across the world is disturbing and alarming in struggling economies. In the face of numerous challenges, how can small business owners avoid business failure? … Read more

How To Register A Company in Nigeria

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The cost of registering a company in Nigeria is between N50k-N60k (for a limited liability company between N50k-N1million Share Capital). Part B, sections 18 to 54 of the Company and Allied Matters Act 2020 extensively outlines the key requirements for the formation and registration of companies in Nigeria and the roles of parties involved play. … Read more

UK Residents Can Now Use PayPal To Buy and Sell Cryptocurrencies

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Residents of the United Kingdom can now buy and sell cryptocurrencies starting this week, a press release by the global payment platform said Monday, August 23, 2021 The announcement is the first international expansion of PayPal’s cryptocurrencies services following the launching of the same system in the United States early this year. With over 403 million active accounts globally, the California-based … Read more

Bitcoin Price Crosses $50,000 for First Time In 3 Months

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Bitcoin crossed $50,000 (N25,999,830.26) on Monday, August 23, 2021 for the first time since May. It made a significant come back rising sitting at $50,348.73 at the time of publishing this report. Live price chat monitored on coinmarketcap showed that it gained 2.44% in the last 24 hours while it made 6.86% gain in the last … Read more

10 Practical Benefits of Record Keeping For Businesses

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Most times, small business owners are preoccupied with their daily multi-tasking activities, thereby ignoring or paying less attention to record-keeping. Of course, an SME owner isn’t a superman or woman, yet the same proprietor is the accountant, stock keeper, manager, and driver. But ignoring to keep a financial record could be detrimental to the long-term … Read more

How To Register an NGO in Nigeria, Cost and Required Documents

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The cost of registering an NGO in Nigeria is between NGN120,000 to NGN150K, depending on the agent that handles the registration for you. In a case where you get the time and have a perfect understanding of the process, you would spend less. If you are planning to register a Non-Governmental Organization in Nigeria, your … Read more

CBN Freezes Accounts of 18 Companies for Suspected Forex Violations

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UPDATE: Almost two years after the bank accounts of some companies and individuals were frozen, Nigeria’s apex bank on Tuesday, July 26, 2023, directed banks to vacate a post-no-debit restriction placed on the affected accounts. In a circular signed by A.M. Barau on behalf of the Central Bank of Nigeria (CBN), directed the banks to notify the concerned … Read more

Inspiring Business Idea of Chioma and Emmanuella, Two Greensprings Students Who Developed Student Anti-Kidnapping App In Nigeria

Chioma Abone and Emmanuela Ilok Greensprings Students Young Tycoon Business Competition

To the panel of the Young Tycoon Business Competition, selecting who wins the 2021 edition worth $960,000 prize may be a tough decision as two young Nigerian students of Greensprings School, Lagos, Chioma Abone and Emmanuella Ilok, presented their wearable technology that will curb the kidnapping of students in Nigeria. The wearable device which can … Read more

Request A Refund From CAC: 7 Key Details To Include In Your Email (Letter)

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You landed on this page because you’re wrongly debited by the Corporate Affairs Commission (CAC) via its payment platform remita, don’t be disturbed because you’re not alone there and this post will guide you on how to request a refund from CAC. Who can request a refund from CAC? Requesting a refund from the commission … Read more

8 Best Tools to Compress PDF Easily

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PDF files are very useful for creating and editing documents such as magazines, brochures, or posters with an attractive appearance. And they are also widely used in the Administration. Consequently, PDF has become the most popular editing format in recent years, especially since Adobe made it an open standard. However, the format has a bit … Read more