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
What is passive income? Passive income refers to the earnings an individual derives from a rental property, limited partnership, or other enterprises in which they are not actively involved. Passive is one of the most strategic ways to financial stability, you earn while you sleep. Your money works for you, it generates income for you. … Read more
What are SG&A? Selling, General, and Administrative expenses also known as operating expenses includes all of the costs associated with a company’s daily operations that are not directly linked to the production of goods or services. In simple terms, SG&A are the costs of doing business which include marketing and advertising, rent and utilities, management and administrative salaries, … Read more
What is a rental property? A rental property is a residential or commercial real estate investment that the owner or landlord utilizes with the primary purpose of generating income. It also means the process of buying properties and renting them out to tenants to make recurring profits over a long period of time. This can … Read more
What is pocket money? This is an amount of money that is regularly given to children as an allowance by their parents for a specific purpose. Parents give this kind of money to their child for the child’s miscellaneous personal spending. It may seem like a small step, but in actuality, it’s the initial footing on a journey … Read more
What does interest mean? Interest on investment refers to the earnings that you (investor) receive from an investment over time. When you invest, you technically lend your money to a business, government, or financial institution, and in turn, you get interest. In the simplest term, you can think of interest as a reward for allowing your money to work for … Read more
What Are R&D Costs? Research and Development costs are the expenditures incurred by a company in its pursuit of new and improved products, services, or processes. For companies in various sectors, especially those in automobile, technology, pharmaceuticals, and manufacturing, R&D is the lifeblood that fosters innovation and long-term competitiveness. Think of Research and Development expenses as what … Read more
What is Financial Health? A company’s financial health is a term used to describe the state of an organization’s financial affairs. It is a snapshot of the company’s financial strength and stability. When assessing financial health, a variety of factors come into play, including whether a company is thriving, just surviving, or facing minor or severe challenges. … Read more
Each country has the authority that establish KYC laws and regulations for businesses to meet the KYC compliance requirements. These KYC requirements vary from one region to another. KYC procedures are a legal requirement for financial organizations to combat corruption, money laundering, and terrorist financing. This process works globally according to the rules and regulations, … Read more
Understanding and acting on customer intent is essential for businesses to remain competitive. With the right strategy, companies can improve customer satisfaction, increase revenue, and create tailored products and services for customers. Read on to discover the benefits of understanding and acting on customer intent, shared by Infomediang Business Solutions. Enhanced Client Contentment Through Improvements … Read more
Out of 302,137 refugees and asylum seekers in the Niger Republic, Nigeria accounts for at least 199,803 followed by Mali which accounts for 22.14% (66,893.1318), according to data from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). Other refugees in the country came from Burkina Faso (9.52%) while 2.21% are from other countries. But the … Read more
The term “net worth” has frequently been used especially when discussing the fiscal health of individuals, companies and businesses. This is the concept used to gauge the wealth of Elon Musk, Aliko Dangote, and other billionaires around the world. But how can this concept be translated when it comes to evaluating the net worth of … Read more