Joint life insurance is a unique form of life insurance policy that is designed to cover two persons but only pays a single death benefit when one of the duo dies. A couple can decide to subscribe to life insurance and opt for an affordable option. Rather than getting two individual life insurance policies, they simply bundle … Read more
Forex CFD trading promises opportunity and excitement for those looking to diversify their portfolios and take advantage of the enormous potential of the global currency markets. However, entering this field demands more than desire; it also requires a deep understanding of the regulatory landscape, market nuances and risk management strategies. This article explores all you … Read more
The way events happen in Nigeria makes it seem like Nigerians forget things quickly, but the way bigger events override the others is overwhelming. No wonder no one is asking about the whereabouts of the billionaire and celebrity police officer Abba Alhaji Kyari, a suspended Deputy Commissioner of Police. He was arrested on February 14, … Read more
In the United States and Canada, business owners know it is mandatory to register their businesses. They do this not just because of the legal requirements but also because of the other benefits of doing so. However, in some developing economies, such as Nigeria, business owners are most often forced to register their business with … Read more
The bribery allegation by Binance CEO Richard Teng against some members of Nigeria’s House of Representatives is getting ‘interesting’, yet embarrassing, by the day. On Thursday, May 9, 2024, a Public Affairs analyst, Kayode Ogundamisi, revealed that Honourable Dominic Ifeanyichukwu Okafor was the lawmaker who demanded millions of dollars in bribes from the cryptocurrency firm. As … Read more
Those closely following the probe by Nigeria’s federal lawmakers will know that the recent bribery allegation the Binance CEO made against the House of Representatives House Committee on Financial Crimes, chaired by Ginger Onwusibe (LP, Abia), isn’t new. Sadly, the majority of Nigerians, who commented on the rebuttal from the government, believed him over the … Read more
Non-bank led mobile money operators Bank-led mobile money operators
There are 43 primary mortgage financial institutions in Nigeria, they are:
If the new cybersecurity tax is implemented, you will be charged N500 on N100,000 and N5,000 on N1 million. The 0.5 per cent is applied to electronic transactions as mandated by the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024. The 0.5% will be paid by the transaction originator, which will be deducted by the financial … Read more
Nigerians will now pay a 0.5% cybersecurity tax on transfers made, following an announcement by the Central Bank of Nigeria (CBN) on Monday, May 6, 2024. According to the CBN circular, the levy will go to the national cybersecurity fund and will be administered by the Office of the National Security Adviser (NSA). Although 16 … Read more
In terms of consumption of goods and services, total investment, net exports, and government spending, the 36 states in Nigeria are not equal. All these economic indicators put together contribute to states’ Gross Domestic Product. This table lists Nigeria’s 36 states by their estimated total GDP in 2021 according to a 2022 report by BudgIT, Nigeria’s civic organisation that uses technology to … Read more
The closing price for Bitcoin (BTC) in April 2024, was $60,636.86 with a market capitalization, shedding over $209 billion. Its marketcap was $1,403,108,244,336 in March but dropped to $1,193,544,962,108 by the end of April. Here is how Bitcoin performed from April 1 to 30, 2024: Date Open High Close April 30 $63,839.42 $64,703.33 $60,636.86 April 29 $63,106.36 $64,174.88 $63,841.12 April 28 … Read more
In a country where your country of residence has nearly been ostracized from using some of the popular payment channels to receive payment for your services because of the bad behaviour of a few persons, that is when Geegpay Virtual accounts by Raenest come in handy, particularly for someone as me, who earns a living … Read more
There are two categories of birth certificates as outlined on the self-service portal of the National Population Commission (NPC): 1) An attestation certificate for those born before 1992 and 2) the usual birth certificate for those born after 1992. Whichever applies to you, here is how to get this certificate which you can use to … Read more