While the campaign for the reduction in the cost of governance continues, state governors allocate a humongous amount for the maintenance of their offices in the approved 2024 budget. In the face of economic difficulties experienced by Nigerians, some of the 36 state governors appear unperturbed by the challenges faced by the people who elected … Read more
As the foreign exchange crisis deepens in Nigeria, the apex bank has directed all Authorized Dealer Banks in the country to stop payment of Personal Travel Allowance and Business Travel Allowance (PTA/BTA) by cash to applicants. In a communique dated February 14 and signed by the Director of Trade and Exchange Department, Hassan Mahmud, the … Read more
The Nigerian currency is at its lowest ebb ever. It has never experienced the kind of depreciation it is currently undergoing since it became the official currency on January 1, 1973. With the current exchange rate of the Naira against the United States Dollar, which stands at $1/N1,517.204 according to the CBN rate, the national … Read more
The career paths for bankers in Nigeria are hierarchical. In some banks, you begin as a graduate trainee, progress to executive trainee, and then advance up the ladder. This progression varies from one bank to another. We have some of the top billionaire bankers in Nigeria today who entered the banking sector in their early … Read more
Osun State has begun the digitized issuance of state and local government certificates of origin. The announcement was made by Governor Ademola Adeleke on Wednesday, February 14, 2024, in an update about what his administration is doing in the area of Ease of Doing Business. With this development, it is now easy for Osun State … Read more
The Corporate Affairs Commission (CAC), a government agency responsible for business registration, is collaborating with Opay Services Ltd, a financial technology company, to help 300,000 unregistered businesses become legal entities. This partnership aims to bring Opay agents into compliance with regulations and provide them with the benefits of formal recognition. The Registrar-General and CEO of CAC, … Read more
It may be tasking for anyone fill the vacuum left behind by the Herbert Wigwe, the late Group Chief Executive Officer of Access Holdings PLC, but to preserve his significant legacies, the Board of Directors of the bank announced on Monday, February 12, 2024, the appointment of Ms. Bolaji Olaitan Agbede as the acting GCEO … Read more
The call from Joe Ajaero, the President of the Nigerian Labour Congress (NLC), for the government to review workers’ monthly wages is something a responsive government should consider, even without being prompted by the threat of strike actions, particularly given the over 100% year-on-year inflation rate in the country. However, for the president of the … Read more
WorldRemit, MoneyGram, and other International Money Transfer Operators (IMTOs) will cease releasing dollars or other foreign currencies to Nigerians. Instead, remittances will now be processed and converted to Naira, with the recipient’s account being credited in the local currency. More than 50 licenced IMTOs are operating in Nigeria, they include Sendwave, MoneyGram, WorldRemit, Remitly, and … Read more
Pyoneer can no longer send dollars and other foreign currencies to Nigeria. This change is due to banks in the country implementing the latest foreign exchange guidelines set by the Central Bank of Nigeria (CBN). This marks a departure from previous practices where freelancers could transfer funds from their Payoneer account directly to their domiciliary … Read more
Nationals of 10 African countries accounted for $79.3 billion in remittances in 2023. The top five are Egypt, Nigeria, Morocco, Ghana, and Kenya. Egyptians in diaspora sent approximately $24.2 billion back home, while Nigerians and Moroccans abroad sent $20.5 billion and $12.1 billion respectively to their home countries. Remittances are the funds or monies that are … Read more
The Central Bank of Nigeria (CBN) is bringing another twist to Nigeria’s foreign exchange market by removing ±2.5% cap spread on interbank FX transactions. The latest announcement overrides the initial practice when there was ±2.5% cap spread on FX transactions. The apex bank noted that the removal of spread would enhance a market-based price discovery … Read more
Surprisingly, Ivory Coast came from one goal down to beat the Super Eagles of Nigeria 2-1 in the 2023 AFCON final. Ivorians are the host and Africa’s champion. Congratulations to them! The Africa Cup of Nations (AFCON) is the juiciest soccer competition on the African continent, held biennially. It is organized by the Confederation of … Read more
Five Nigerians died from shock during the semifinal match between the Super Eagles of Nigeria and Bafana Bafana of South Africa at the 2023 Africa Cup of Nations (AFCON). This validates the research by Professor Diederick Grobbee and his team in 2000 that “Watching Football can kill you.” Super Eagles Promise To Win 2023 AFCON … Read more
The Confederation of African Football (CAF) comprises 54 member countries, many of which are renowned for their distinctive nicknames. Most of them are known for nicknames associated with majestic animals, symbols of strength, or ancient heroes. Here is the complete list of African National Football Teams by their nicknames: