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
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