The Central Bank of Nigeria (CBN) has no plan to redenominate the naira, a statement by the apex bank said on Tuesday. Background There is speculation in circulation that claims that Nigeria is planning to redenominate its currency by January 2024. The speculation gained traction both on social media and some messaging apps, causing panic … Read more
The National Inland Waterways Authority (NIWA) is the government agency saddled with the core responsibility of providing regulation for Nigeria’s inland water navigation. But has this agency been able to fully explore the size of Nigeria’s inland waterways that span 10,000 kilometres? This article explores the departments in NIWA, the history, departments, and functions of … Read more
A vast area network (WAN) allows businesses to transfer information between sites. Data must be sent quickly, securely, and without errors between the main office and remote staff or with suppliers. WAN optimization helps achieve this. It uses several techniques to improve data transfer efficiency, such as TCP acceleration, window scaling, and data compression. LAN … Read more
Introduction to Mobile App Development Mobile app development has become an integral part of our modern society. With the increasing demand for mobile applications, it has become crucial to select the right app development language. The choice of language can greatly impact the success and efficiency of your app. In this comprehensive guide, we will … Read more
Not all companies can live forever, cryptocurrency exchanges are no exception. Some of them are victims of internal compromise, hacks or intentional acts by their founders. For instance, in 2021, 103 crypto exchanges shut down even though Bitcoin reached its first-ever All-Time High of $69,044.77 (November 10, 2021). Here is a list of over 400 crypto exchanges … Read more
Do you want to start a shoe importation business? You need a “road map” to guide your daily business activities. And that’s why we’ve put together this footwear business plan PLUS a free template to help you do the same. Disclaimer: Names, URLs, phone numbers, and identifying details used in this business plan are for this … Read more
Due to marginalization of graduates of Polytechnics in Nigeria, there is an upsurge of upgrading Polytechnics in the country to University status by the Federal and State Governments. For instance, the College of Education, Ilesa, Osun State was upgraded to a university in 2022 which is now known as the University of Ilesa. Colleges of … Read more
The National Board for Technical Education (NBTE) released a new grading system for polytechnics in Nigeria during the 2019/2020 academic session. The new grading system is known as the Standardized Unified Grading System, that is what most Nigerian polytechnics use today. Standardized Unified Grading System for Polytechnics in Nigeria Here is the grading system, letter grade, and … Read more
To calculate your GPA for the first semester, multiply the grade point obtained in each course by the number of units assigned to the specific course, the sum of which is divided by the total number of credit units taken for a semester. For example, if your GPA after adding points, you arrive at 101 … Read more
From January to December, millions of people in the United States and around the world crave great designer footwear. In this case, Italian shoes come to mind. For casuals, business executive meetings, and fashionistas, you need footwear that matches the specific occasion. As lucrative shoe importation business into the U.S. is, it also comes with … Read more
Instagram is the most popular social platform, especially among youngsters. It has 1.25 billion active users till now. Every celebrity and brand has an account on this platform. It is the best marketing tool nowadays but getting huge reach requires some special efforts on this platform. In this article, we will learn the smart ways … Read more
The imposition of excise tax on foreign exchange transactions outside the official market is one of the recommendations of the Presidential Fiscal Policy and Tax Reforms Committee which submitted its recommendations Wednesday in Abuja. In a report titled “Quick Wins”, the committee head and a tax expert, Taiwo Oyedele led his members to submit its … Read more
The most indebted state in Nigeria in terms of domestic and external debts Lagos generated the highest Internally Generated Revenue (IGR) with N651.15 billion in 2022, data from the National Bureau of Statistics revealed. It isn’t the first time Nigeria’s commercial capital will be on top of the list of IGR in Nigeria. In 2021, Lagos topped … Read more
Just a few minutes after the Naira slid to $/N1,220 against the US Dollar at the parallel market on Monday, October 23, President Bola Tinubu has assured Nigerians that he is not relenting in making sure that foreign exchange liquidity improves. On Monday, Naira experienced its worst value against the USD in history closing at … Read more
In today’s dynamic business landscape, aspiring entrepreneurs are always on the lookout for low cost business ideas with high profits that can pave their way to financial independence and success. Whether you’re a budding business owner looking to escape the 9-to-5 grind or simply seeking a side hustle to supplement your income, this article explores … Read more