In 1999, the budget of Nigeria’s National Assembly was NGN2,204,150,000, but in 2023, the budget was increased to NGN228,106,146,208, meaning their expenditure increased by NGN225,901,996,208 within 23 years. From N2.2 billion to N228.1 billion, here is history of the budget of National Assembly in Nigeria between 1999 to 2023: How many lawmakers are in Nigeria’s National Assembly? The … Read more
The onset of technology and the internet have deemed internet presence for every business, irrespective of their scale and niche, almost mandatory. The right social media strategy, specially crafted for your start-up, can help you connect with your target audience, build brand awareness, and drive growth. However, opting to create a social media strategy can … Read more
The Office of the Secretary to the Government of the Federation (OSGF) is still listing former Nigeria’s Agriculture Minister Sabo Nano as a cabinet member, four days after Bola Tinubu’s cabinet was inaugurated. A check by InfomediaNG on OSGF official website on Thursday, August 24, 2023, showed that cabinet members of former President Muhammadu Buhari … Read more
Following the invasion of Israel from the Gaza Strip by Palestinian militant groups led by Hamas on October 7, 2023, we can now add Israel and The State of Palestine to the list of states at war. Since the invasion, Palestine has witnessed an Israeli counteroffensive, following a formal declaration of war on Hamas on October 8. … Read more
The United States of America is such a vast country that every corner deserves to be a vacation spot. You can find from small secluded spots to very popular and busier tourist spots in this rich country. The lesser-known spots are always heaven to the eyes. There are many popular destinations, such as Las Vegas, … Read more
The campaign for ocean conservation and the Blue Economy by global bodies such as the World Bank, Center for the Blue Economy, The Commonwealth of Nations, and the United Nations is getting renewed hope that there is numerous economic potential in the oceans. Defined as the positive exploitation of the resources in the marine environment to … Read more
Welcome to our blog post about consigning excess inventory! If you own a business or are a shop, you understand how difficult excess inventory can be. Having excess stock on hand, whether owing to seasonal swings, changing market trends, or overstocked items, can tie up precious resources and impede cash flow. What is surplus stock? … Read more
Insufficient inflow, the gradual collapse of the production sector, especially agriculture, and the flamboyant political structure are some of the reasons the Nigerian currency is falling and may continue to do so if the government fails to address the core issues. What is the actual value of Naira? For an investor or anyone who wants … Read more
What is Blue Economy? Blue economy is the sustainable use of resources in the ocean for human benefit such as food production and for the economic development of a country such as job creation while at the same time preserving the health of the ocean ecosystem. Takeaways: Understanding Blue Economy For the record, Almighty God … Read more
President Bola Tinubu has redeployed Abubakar Momoh as the Minister of Niger Delta four days after ‘omitting’ the ministry specifically dedicated to placating the oil-rich region. On Wednesday, August 16, 2023, Tinubu released the portfolios for his cabinet members, but Niger Delta was omitted from the list of new and modified Federal Ministries in Nigeria. A … Read more
President Bola Tinubu has redeployed the Minister of Transportation Gboyega Oyetola to the Ministry of Marine and Blue Economy. Oyetola was initially assigned to the Ministry of Transportation when the president assigned a portfolio to his ministerial nominees on Wednesday, August 16, 2023. But in a statement by the Special to the President on Media … Read more
There are 35 Federal Ministries in Nigeria as of August 20, 2023, showing an addition of 9 to the existing ones by President Bola Tinubu. There were 26 federal ministries during the regime of ex-President Muhammadu Buhari. Understanding How Federal Ministries in Nigeria Work The Federal Ministries in Nigeria are civil service departments that are saddled with the … Read more
What is Cash Crunch? A cash crunch in the context of business is a state of financial strain where a business or company faces a shortage of available cash or liquid assets, which can hinder its ability to meet its operational needs and financial obligations. Factors such as declining sales, mismanagement of cash flows, misappropriation of … Read more
After some discrepancies in his NYSC certificate, a ministerial nominee from Ondo State Hon. Olubunmi Tunji-Ojo was cleared on Monday, July 31, 2023, by Nigeria’s Senate. The former member of the House of Representatives was among the over 40 nominees for ministerial roles. And on August 16, 2023, Tunji-Ojo was assigned the portfolio of the … Read more
The Central Bank of Nigeria (CBN) has once again begun the sales of forex to Bureau De Change (BDC) operators in Nigeria, more than two years the apex bank stopped the sales of FX to BDCs. Recall that the CBN stopped the sales of forex to more than 4,000 BDCs operators on July 28, 2021, … Read more