In a bid to wipe out multiple exchange rates in Nigeria’s foreign exchange, the Central Bank of Nigeria has reportedly devalued the naira from NGN461.6 to NGN631. On Wednesday, May 31, 2023, the US dollar exchanged for N461.6 at the Importers and Exporters (I&E) window. The new exchange rate takes immediate effect, according to a report … Read more
There was confusion across Nigeria on Wednesday, May 31, 2023, over the removal of payment of subsidy on Premium Motor Spirit also known as Petrol. In his inauguration speech on May 29, 2023, President Bola Ahmed Tinubu bluntly said, “Petrol subsidy is gone”. Tinubu’s “petrol subsidy is gone” declaration forced petrol marketers across the country … Read more
One of the ways artificial intelligence (AI) is revolutionizing the world can visibly be seen in customer support. It does this by using data to predict consumer needs, providing timely and quicker responses, and using human-like interaction with customers. You might have unconsciously interacted with an AI chatbot while trying to buy a product or … Read more
A legislature that has two houses or chambers is known as bicameralism. Simply put a legislature that has Upper and Lower Chambers. The name such lawmaking chambers are called may vary from country to country. For instance, the U.S law-making body is called the Congress which has two houses: the House of Representatives and the … Read more
A legislature that consists of one chamber, house or assembly is politically known as a unicameral legislature. Legislation that is made or a bill that is read,. deliberated upon, and passed by the assembly is the final. It doesn’t go to any other house. The unicameral system is the most popular at the state or … Read more
In one of our posts, we pointed out the roles of the legislature in a democratic government to include oversight, legislation, and a platform for debate. The roles of the law-making organ of government can be carried out by a chamber or two chambers. The two types of legislature are unicameral and bicameral and we shall … Read more
From June 20, 2023, when President Bola Tinubu made his first foreign trip to Paris to date, he has embarked on at least 18 trips outside the shore of Nigeria. Like former President Muhammadu Buhari, who embarked on over 100 international trips during his reign, here is President Bola Tinubu’s foreign travel history from May … Read more
The legislature is a branch of government that makes laws. The legislature is usually referred to as the National Assembly (at the federal level) or the House of Assembly (at the state level), and at the local government area, the legislature is called a legislative council. The legislature performs many functions in a modern democracy … Read more
Also known as the branches or organs of government, the legislature, executive, and judiciary make up a democratic government. Individually, their functions define what a democratic country is. I say this because a military government doesn’t have what can be called a legislature, the military makes and execute the law, and usually dictate to the … Read more
Some people believe that the major functions of government are maintaining law and order; protecting a country against external aggression, and providing basic infrastructure. But in a modern world where technology and modern economics are a major discussions at international gatherings, the government has more elaborate roles to play. Besides, why does a government exist? What … Read more
Government is an enforcer of the laws of a country irrespective of those involved: extremely rich or poor. Government law is binding on everyone. A member of a landlord association who doesn’t want to obey the rules of the association may decide to sell off his building or leave the community, but the law of … Read more
The Company and Allied Matters Act (CAMA), 2020 requires all Non-Governmental Organizations (NGOs) operating in Nigeria to file and submit an annual return to the Corporate Affairs Commission (CAC). This article explains the filing of annual returns by not-for-profit organizations in Nigeria, the documents the NGO must present, and the penalties that may apply for … Read more
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