What Does Customer Due Diligence Regulations 2023 Want From You?

Nigeria’s apex bank released its Customer Due Diligence Regulations 2023 on Friday night, June 23, 2023. The regulations specifically upgraded Know Your Customer(KYC) as one of the measures to drastically reduce financial crimes and bolster anti-money laundering and counter-terrorism financing provisions to align with international best practices. What do Customer Due Diligence Regulations 2023 mean … Read more

I & E Market Now Known As NFEM

Investors and Exporters rate

UPDATE: The Central Bank of Nigeria has cancelled I & E window after the unification of all the exchange rate windows. It is now known as Nigerian Foreign Exchange Market (NFEM). The latest development followed the decision of Nigeria’s apex bank to abolish multiple exchange rates into the I&E FX Window on Wednesday, June 14, 2023. … Read more

How To Convert Your Dollars To Naira on GTBank Internet Banking

Domiciliary account holders can now convert their dollars to Naira instantly on GTBank internet banking platform. In a message sent to infomediang.com Monday, June 26, 2023, Guaranty Trust Holding Company Plc (GTCO Plc) said: “You can now convert US dollars in your GTbank domiciliary account to naira directly on our platform. It’s instant as a regular … Read more

8 Strategies For Successful Long-Term Financial Goal

Everyone dreams of living a comfortable life; it requires adequate planning and deploying the best strategies to bring such dreams to fulfilment. The same is applicable to a person who plans to retire early and save for their child’s college fund. Savings for retirement, paying off housing loans, and savings for your kid’s education are … Read more

Most Successful Investors And Traders In Africa

Africa’s financial landscape has witnessed the rise of remarkable individuals whose prowess in trading and investing has propelled them to the forefront of the continent’s economic growth. These astute individuals have leveraged their insights, acumen, and unwavering determination to carve out a path of financial success. Infomediang.com takes a look at the profile of three … Read more

Is There Uranium in Enugu State?

Enugu State has no uranium as claimed by one Uchenna S Osuchukwu on Twitter on March 19, 2022, about the discovery of uranium in the “Coal City State”. Although, there are many other mineral resources that are in commercial quantities spread across the state. Tweeting at @Uchez2 without providing evidence like the name of the … Read more

Where Are Solid Mineral Resources In Ekiti State Located?

Mineral resources in Ekiti State can be found in Ikole, Ikere, Ado, Ise-Ekiti, Aramoko, Ijero, and Ajegunle among others. Its abundant resources led the state to create the Office of Solid Mineral Resources to fully explore large deposits of various resources spread across towns and villages of the state. Where can the mineral resources in … Read more

Is Johann Rupert Richer Than Aliko Dangote?

South African richest person Johann Rupert isn’t a strange name on Africa’s billionaire ranking, but his name reverberated on Friday, June 16, 2023, when he “overthrew” a 10-time richest African, taking the number one spot from Alhaji Aliko Dangote. But Nigeria’s wealthiest man has now regained his No. 1 spot and is still the No. … Read more

Mineral Resources In Edo State and Where They Are Located

The state government of Edo once claimed there are close to 200 solid mineral resources all scattered across the local government areas in the state. But the most popular ones are clay, crude oil, marble, feldspar, granite dust, laterite, limestone, gold, granite aggregate, and sand. There are large deposits of untapped solid minerals in Edo. … Read more