Again, Naira has fallen to N965 to a US dollar at the close of trading on Monday, September 18, 2023, showing a difference of N34 loss within a week. Last week Monday (September 11, 2023), $/N closed at N931. It opened at N951/N962 – buy and sell – but went down to $/N965 at the close … Read more
Out of 23 Educationally Less Developed States (ELDS) in Nigeria, 19 states from the Northern region fall under the list while only four states are found in the Southern part of the country. What is Educationally Less Developed States Policy About? The policy was formulated with the aim of granting special preference to candidates from some parts of Nigeria who … Read more
Ayodele Olawande aka “Ayo Wisdom” was confirmed as Federal Minister of State for Youth on Wednesday, October 4, 2023. He will be working with Jamila Ibrahim to manage the Federal Ministry of Youth. He was nominated by President Bola Tinubu in September. InfomediaNG learnt that the 34-year-old Ondo indigene Ayo Wisdom is the youngest minister in … Read more
A 37-year-old Dr. Jamila Bio Ibrahim is not a new name for those who have been following the activities of the New Partnership for Africa’s Development (NEPAD) in Nigeria since 2019. She was confirmed as a Federal Minister of Youth on Wednesday, October 4, 2023, by The Senate. This article covers everything you might not know about … Read more
In 2021, exports from Italy to the rest of the world were valued at $597 Billion USD, making the country ranked No. 7 in terms of exports among 226 countries. Italy also imported goods and services worth $570 Billion USD , according to The Observatory Economic Complexity (OEC). But this article focuses on Italy’s top … Read more
The core reasons why a country might redenominate are to fight high inflation, to simplify accounting, for political reasons, to boost investor’s confidence, to enhance pegging, and to show that a form of monetary reform. In 2007, Ghana redenominated its currency due to inflation. In 2009, the Zimbabwean Dollar was rebased due to hyperinflation. It … Read more
The Naira, on Wednesday, crashed to N950 to a dollar at the parallel market as the country battles the issue of foreign exchange (FX) scarcity. The figure represents a depreciation of N25 or 2.04% compared to the N925 it reported exactly a week ago (September 6) The operators of the parallel market and currency traders, Bureau De Change operators (BDCs), attributed the depreciation … Read more
Important components of an executive summary are business name, location, mission statement, a brief description of products or services, a summary of company objectives and goals, financials, growth potential, and funding request (if you’re seeking investors or loans). What Is An Executive Summary? In every professional business plan, there must be a prefix or a part … Read more
What is a Beekeeping Business? Also known as apiculture, beekeeping refers to the maintenance of bee colonies, usually in hives, by humans. Some people might keep bees for personal use, but when this practice is done on a commercial scale for the purpose of making a profit, it becomes a beekeeping business. If you are … Read more
Meaning of multiple exchange rate systems Multiple exchange rate systems refer to systems where a country maintains more than one official exchange rate for its currency. How it works In a multiple exchange rate setup, the apex bank may set different rates for different types of transactions or for different types of goods and services. … Read more
What is the Unification of Exchange Rates? Unification of exchange rate refers to the process through which a country that has multiple exchange rates for its currency consolidates them into a single rate. Unifying the exchange rate seeks to simplify and streamline foreign exchange systems, and it has economic, financial, and sometimes political implications. Nigeria, for … Read more
Is 25% in FCT a must-have in a presidential election? “NO”, a candidate in a presidential election does need to have the majority in the Federal Capital Territory (FCT) to be declared a winner of an election in Nigeria, says the Presidential Election Petition Tribunal (PEPT). PEPT gave the verdict on Wednesday, September 8, 2023, … Read more
It is no longer about whether an organic business is profitable. In this post, we’ve put together all the information you need to come up with a winning business plan for your honey business. You will also get a free downloadable questionnaire template, which you use to write your plan to suit your budget. Because … Read more
From administrative and logistical points to legal and branding, the implications of changing a country’s name are numerous. This article will explore the cost of renaming a country. Background In invitations sent to World leaders on the occasion of G20 summit, the dinner invitation letter read, “The President of Bharat” raising speculations that India’s move … Read more
There are strong indications that India might change its name to the Republic of Bharat, making the former British colony the latest country to shake off its colonial identity. India will not be the first or the last country to change its name. Turkey changed its name to Turkiye; Czech Republic changed to Czechia; The … Read more