There are 49 state polytechnics in Nigeria. The first and oldest state-owned polytechnic in Nigeria is the Institute of Management and Technology popularly known as IMT located in Enugu which was established in 1965. Management of state polytechnics in Nigeria As stated in our previous post, ownership of polytechnic lies in federal, state, and private hands. Management of … Read more
A polytechnic is specifically designed to teach and offer real-world practical training to individuals for them to be useful in all facets of economic and managerial activities. Polytechnics offer entry-level employment skills to their students to function as technicians, technologists, higher technicians, and professionals in their chosen fields. In Nigeria, a certificate of operation of a polytechnic … Read more
Following the revocation of the operating licence of Eyowo, the digital bank said transactions on its platform had been halted and could last 24 to 72 hours for the issue to be resolved. This means that Eyowo customers will be unable to send or withdraw from their account, pending the time it sorts out the … Read more
In what can be described as upheaval in the financial sector, Nigeria’s apex bank on Monday, May 22, 2023, released a full list of microfinance banks whose operating licences were revoked. Three finance companies and four primary mortgage banks also lost their operating licence to the Central Bank of Nigeria (CBN), bringing the number to … Read more
There are 40 Federal Polytechnics in Nigeria. It was 29 until the administration of President Muhammadu Buhari created an additional 11 between May 2015 to May 2023. So, a federal polytechnic in Nigeria is established by the central government and is majorly supervised by the Federal Ministry of Education except in special cases where a … Read more
Nowadays, there are a lot of brands and businesses that prefer to ply their trade online rather than sticking to traditional brick-and-mortar premises. And it makes sense, too. According to Zippia, there are 12 – 24 million e-commerce websites on the internet as of 2022. And this number is constantly growing. In this vast number … Read more
In recent years, the world has witnessed a remarkable surge in technological advancements, with artificial intelligence (AI) at the forefront of this revolution. AI has rapidly transformed various industries, leading to increased efficiency, improved decision-making, and enhanced user experiences. As we look toward the future, it becomes increasingly evident that AI will continue to play … Read more
The US Dollar rose against the Naira on Tuesday, May 23, 2023, at the parallel market as Nigerians countdown to the May 29 inauguration of the president-elect Asiwaju Bola Ahmed Tinubu. Three days ago, the USD sold at NGN760 at the unofficial market, but today, the naira fell further trading at NGN765 at the black … Read more
In today’s competitive business landscape, the pursuit of growth is a top priority for organizations seeking to thrive and stay ahead. To achieve sustainable success, businesses must employ effective growth strategies that adapt to changing market dynamics. Of course, there are firms that offer comprehensive consulting services to assist businesses in implementing these growth strategies … Read more
After years of delay, Nigeria’s Dangote Petroleum Refinery was commissioned on Monday, May 22, 2023 in Ibeju-Lekki, Lagos State, Southwest, Nigeria. The founder and Africa’s wealthiest person Aliko Dangote says the refinery will create thousands of direct and indirect jobs. For Nigeria’s government which had used its moribund refineries to siphon millions of dollars in … Read more
Nigeria is responsible for 33.8% of the revenue of foreign airlines trapped in countries around the world. Nigeria and others owed $2.2 billion to airlines, said spokesperson of the International Air Transport Association (IATA) Katherine Kaczynska in March 2023. Under the watch of the outgoing President Muhammadu Buhari, the revenue of foreign airlines which they … Read more
As more individuals try to automate their houses and simplify their lives, smart home technology is growing in popularity. There are innumerable gadgets that claim to make your house more convenient and safe, ranging from smart locks that let you operate your front door from a distance to thermostats that remember your routine. Smart home … Read more
Facility management can help energy conservation by implementing energy-efficient strategies and practices, monitoring energy consumption, and promoting awareness and education among building occupants. Energy management is now one of the most critical yet important aspects of business today. It not only reduces your carbon footprint but also saves your company money. Energy-efficient lighting and HVAC equipment, … Read more
Since the formation of the European Union (EU) in 1993 following the ratification of the Maastricht Treaty by all members of the European Community (EC), the 27 member states have achieved many things. Some of the achievements of the EU include peace and harmony, a cross-border harmonization agreement and, of recent, agreement and cooperation by member states … Read more
Anonymous cryptocurrency trading is on the verge of death following a unanimous decision by the member states of the European Union Tuesday, May 16, 2023. Finance ministers of member states met in Brussels where they deliberated on the future of crypto assets in EU and the need to protect their citizens and their sovereignty. The European … Read more