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
Human rights lawyer Femi Falana has dragged the Central Bank of Nigeria (CBN) before a federal High Court over what he described as the violation of Section 16 of the Central Bank Act. In an interview on Channels Television Sunrise Daily, Mr Falana, a Senior Advocate of Nigeria (SAN) said, “There’s no provision for floating … Read more
The Investors and Exporters (I&E) window will be renamed the Nigerian Foreign Exchange Market (NFEM) in the coming days as the Central Bank of Nigeria (CBN) battles to return sanity to the FX market in Africa’s largest economy. While delivering a lecture titled, “Diaspora Remittances and Nigeria Economic Development” to members of the Executive Intelligence Management Course … Read more
PVS: Definition, Launch Date, and How It Works Nigeria’s apex bank will launch Go- Live of the FX Price Verification System (PVS) on August 31, 2023, it said in a statement Thursday. What is Forex Price Verification System? The Forex Price Verification System is a foreign exchange price verification system designed for importers to have access to … Read more
The Broad Impact of Nigerian Footballers in Society Nigerian footballers have always been a source of pride, dominating pitches globally. Away from the stadiums, their contributions extend to social causes, business, and even entertainment. This article dives into their vast influence beyond the game. Charity and Philanthropy: Giving Back to the Community Many Nigerian footballers … Read more
President Bola Tinubu released the list of his ministers on Wednesday, August 16, 2023, with his long-time align Wale Edun as Minister of Finance and Coordinating Minister of the Economy. Cabinet be inauguration: Monday, August 21, 2023 Cabinet reshuffle: Wednesday, October 23, 2024. Five ministers were dismissed. Seven new ministers were appointed while 10 ministers were … Read more