Nigeria’s government is proposing a 70% windfall tax on the foreign exchange profit made by the financial institutions in the country, following the country’s devaluation of its currency. So what is windfall tax? A windfall tax is a levy imposed by governments on companies that have benefited unexpectedly from circumstances they did not contribute to, … Read more
Do you have a Facebook page that is rapidly growing and needs a hand to help you manage, create, edit and publish content on your page? Or you just want to take a break and need someone to help you carry on with your Facebook page management while you away? Here is how you can … Read more
On September 14, 2024, I received an error notification from Google Search Console titled, “New Discussion forum structured data issues detected for…” on my education blog. The blog was barely three months old. Google specifically pointed out two Discussion Forum structured data issues: The “Comment” object must be nested inside a “CreativeWork” object. The “author” … Read more
Nine Vice Chancellors, including Acting VC, have steered the affairs of Ladoke Akintola University of Technology, Ogbmomoso, popularly called LAUTECH, since the state-owned institution became a legal institution on March 13, 1990. Prof Olusegun Ladimeji Oke, a renowned chemist, was the pioneer Vice Chancellor of LAUTECH, following his appointment on May 2, 1990, by the … Read more
A parallel market in foreign exchange (FX) refers to an unofficial marketplace where currencies such as USD, GBP, and EUR are traded for the local currency outside the regulated channels. It closed at $/1,685 at the time of this publication. In Nigeria, this market exists alongside the official FX market, often exhibiting a significant disparity between … Read more
A virtual card is a digital version of a bank card that you can use for online shopping or paying bills without needing a physical card. You can create one using your phone through your bank’s app, load it with money, and use it to make payments. This makes it safer and easier to use … Read more
You’ve probably heard of investments like mutual funds or stocks, but have you ever heard of something called “segregated funds”? Let’s break down what they are and why you might want to invest in them. What is a Segregated Fund? A segregated fund is a type of investment that comes with a special insurance feature. … Read more
Kenyan President William Ruto disclosed that bringing Elon Musk’s Starlink to his country was one of the best decisions of his administration. He stated this at the US-Kenya Business and Investment Roundtable in New York on the sidelines of the United Nations General Assembly (UNGA). According to him, the penetration of Starlink into African countries … Read more
Getting ready for the future can seem like an impossible chore in a society marked by fast change and unpredictability. Anxiety and a dread of the unknown can result from the erratic nature of many facets of life, including professions, money, health, and personal relationships. These five basic components are ones you might not have … Read more
Every licenced financial institution makes an effort to know who their customers are. This process is called customer identity verification. That’s why your bank will, as a banking culture, take you through the Know Your Customer or KYC process. In doing this, you will be asked to prove your identity, to prove that you are what … Read more