The ruble (RUB), Russia’s currency, seems to be making what monetary analysts described as a limited recovery against the US dollar as the Bank of Russia cut its key rate by 300 basis points from 20 per cent to 17 per cent on Friday, April 8, 2022 At the time of publication, 1 USD exchanged for … Read more
Any company or business that uses foreign currencies as a price tag for goods and services will be sanctioned, including an 18-month jail term, the Bank of Ghana has warned. Unless such body or individuals have written permission from the Ghanaian apex bank, receiving payments in US dollars, Pounds Sterling, Swiss franc, Euro or any other … Read more
The two most economically buoyant economies in North America are the United States of America (USA) and Canada. This doesn’t mean that other countries on that continent are not blessed with resources. The Bahamas is not also doing badly. In fact, it is the richest country in the West Indies and is ranked 14th in North America for … Read more
There are requirements anyone or a firm must meet to start as a fund manager in every territory and of course, Nigeria isn’t an exception. The guidelines are clearly spelt out by one of the agencies under the Ministry of Finance, the Securities and Exchange Commission (SEC). The guidelines and requirements are to have sanity … Read more
The last couple of months has seen Nigerians lose monies to non-certified fund managers who promised investors mouth-watering ROI (Return On investment). There are regulations for individuals and corporate bodies to operate as fund managers in Nigeria. But investors who should do their due diligence failed to do so. Now, the latest failed investment platform … Read more
The Federal Government has approved the linking of up to 28 mobile numbers to your National Identification Number (NIN). Here is the guide on how to do the link using the NIMC MobileID App. Step 1: Download the original NIMC app from NIMC official portal at: nimcmobile.app/ it’s available on Google Play Store and Apple App Store … Read more
The Colombian peso isn’t just one of the troubled currencies, but it is also one of the weakest among the South American countries. For instance, it was thought to have hit the lowest in 2015 when just one USD was worth 3,032 COP. But today, it has slipped further 3,748.81 COP to $1. A Glimpse Into USD to … Read more
By land area, North America is the third-largest continent in the world which spans 24.71 million km². It is made up of 23 countries. With 592,296,233 people living it, the United States of America has the highest population in that continent having 329.5 million people according to the 2020 World Bank sources. However, by land area, Canada is the largest in North America … Read more
Europe is an interesting continent consisting Eurozone (countries that adopt the Euro and official currency) and those that have either refused to join Euro-area or are still planning to do so. With this variety of currencies in Europe, there is no uniform exchange rate. While the Great Britain Pounds, Euro, Swiss franc remain the strongest … Read more
The adoption of CryptoCurrency has taken a huge stir, especially in Western Countries and Asian Countries. To make the presence of CryptoCurrency more established there are various fortune companies, entertainment segments, and startups that have already started accepting payments in form of the CryptoCurrency. Due to the decentralized nature of this currency, even young people … Read more
Having a small business is such an accomplishment to have. But, unfortunately, it is not all fun and games. It also entails a lot of responsibility. It is a lot to handle for any business owner, big or small. It is where accounting comes in. You might think that a small business won’t need accounting. You … Read more
The naira is a legal tender of Nigeria. It uses ₦ (sign) and NGN (code). The Nigerian currency is in coins and banknotes. But the coins have died a natural death due to high inflation making them lose their total value and relevance in the economy. Naira Design On November 23, 2022, NGN200, NGN500, and NGN1,000 get a new design, which … Read more
There are different ways to measure the strength of a currency. If it’s by the purchasing power, the strength of money can not be the same even if five countries use the same currency. In this article, we measure the exchange rate of the United States Dollar (USD) against the local currencies in Europe. It’s important … Read more
There are 50 countries in Europe: 44 are independent countries, six of them are dependent territories. The continent is situated in the Northern Hemisphere; bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is sitting on about 10.18 million km2 (3.93 million sq mi), making it the second-smallest continent after Oceania. Using sub-region, … Read more
There are basic economic problems every economy faces. Definitely, there will be the availability of limited resources. Human wants are insatiable that’s one of the reasons scarcity arises. Let’s assume that there are more than enough resources, the economic problem would not probably arise. But the study of economics makes us understand that there will always be … Read more