The Current State of Affairs of USD/NG Dollar to Naira exchange rate at the Importers’ and Exporters’ window closed at $/N747.87 on Monday, September 4, 2023, while it closed at $/N912 at the black market (the unofficial market), the same day. The Background to Dollar to Naira Rate 40 years ago (1983), $1 = N0.724, … Read more
A former Emir of Kano, Muhammadu Sanusi II, has warned that the US Dollar to Naira could fall to N1,500, “if the CBN printed more naira” the way it did during the administration of former President Muhammadu Buhari. Sanusi, who berated how Buhari’s government managed the economy, said experts’ advice was ignored while it borrowed about NGN30 … Read more
There is an age-long myth about the Nigerian Civil War. One of them is a propaganda that the Eastern Region Military Governor Lt.Col. Odumegwu Ojukwu released Chief Obafemi Awolowo who was serving a prison term for treason when the Biafra War broke out. It was propaganda! Ojukwu had not declared Biafra war when Pa Awo … Read more
Bitcoin price in August 2023 opened at $29,230.87, closing the month at $25,931.47, showing a noticeable drop of $3,298.64 from July’s 29,230.11 Here is the opening and closing price of Bitcoin from August 1 through August 31, 2023: Date Open Close Aug 31 27,301.93 25,931.47 Aug 30 27,726.08 27,297.27 Aug 29 26,102.49 27,727.39 Aug 28 … Read more
Bitcoin price in July 2023 opened at $30,471.85, closing the month at $29,230.11, a slight drop from the previous month. Here is the opening and closing price of Bitcoin from July 1 through July 31, 2023: Date Open Close July 31 29,278.31 29,230.11 July 30 29,357.09 29,275.31 July 29 29,319.45 29,356.92 July 28 29,212.16 29,319.25 … Read more
Bitcoin price in June 2023 opened at $27,218.41, closing the month at $30,477.25, an improvement from May’s $27,219.66 Here is the opening and closing price of Bitcoin from June 1 through June 30, 2023: Date Open Close June 30 30,441.35 30,477.25 June 29 30,086.19 30,445.35 June 28 30,696.56 30,086.25 June 27 30,274.32 30,688.16 June 26 … Read more
NIMASA stands for Nigerian Maritime Administration and Safety Agency, a government agency that is in charge of regulating shipping, maritime labour and coastal waters in Nigeria. It is one of the most important agencies domiciled in the new Ministry of Marine and Blue Economy. The agency was formerly under the Federal Ministry of Transportation until the creation … Read more
Meaning of Cash Flow Cash flow refers to the total amount of money being transferred into and out of a business. In simple terms, it is the movement of money in and out of your business. Whether it’s due to unexpected expenses, slow-paying customers, or seasonal sales fluctuations, cash flow problems can put a severe … Read more
What is Peer-to-peer lending? Peer-to-peer (P2P) lending is a model that connects borrowers directly with investors through an online platform without the involvement of traditional financial intermediaries such as financial institutions. P2P lending can simply be described as the democratization of finance that offers new opportunities for both parties (the borrowers and lenders). Examples of P2P lending platforms … Read more
There are now over 200 restructured and new courses in Nigerian universities, following the implementation of 70% of the Core Curriculum Minimum Academic Standards (CCMAS) by the National Universities Commission (NUC). NUC is one of the agencies supervised by the Federal Ministry of Education, whose mandate is to promote quality higher education in Nigeria. The implementation … Read more
Some of the features of a military regime are suspension of the constitution, forceful takeover, airspace and border closure, house arrests and detentions of politicians, and media censorship. This article will explain the peculiar characteristics of coup de’tat in countries where a constitutional authority or another military regime has been overthrown, particularly in Africa. What is … Read more
Data from the National Identity Management Commission or NIMC shows that 102,390,967 Nigerians now have a National Identification Number or NIN as of August 28, 2023. For the first time since the national identity registration commenced, it crossed over 100 million – 100,021,186 – in May 2023. The NIN is a means of identification introduced by Nigeria’s … Read more
Meaning of National Identification Number A National Identification Number is a means governments around the world use to track their citizens, permanent residents, and temporary residents for the purposes of security, health care, taxation, government benefits, and other tracking-related functions to simplify government works and functions. Understanding National Identification Number by country Countries around the world call their National Identification Number (NIN) by different … Read more
NIN biometric machine costs between NGN325,000 to NGN750,000, depending on the maker and the brand, we’ll tell you one of the most popular devices used for enrolment. What is NIN biometric scanner? NIN biometric scanner is a device that is used for taking to establish someone’s identity such as fingerprint, recording facial features and other … Read more
What is NIN in Nigeria? NIN means National Identification Number which is a unique set of numbers assigned to an individual who must be a Nigerian upon successful enrollment with their demographic data and biometric information such as ten fingerprints and digital signature. NIN Verification: Your NIN data goes directly to the Nigeria’s National Identity Database, … Read more