Imagine you leave your home and lock the door. You will also go ahead by adding an extra layer of security by putting a padlock on top of the door lock or setup a sensitive alarm, which will alert the community whenever a stranger wants to forcibly gain entry. That’s what Two-Factor Authentication (2FA) does for … Read more
In March 2024, business loans issued by lending institutions increased by 16.3%, highlighting a strong demand for capital to drive initiatives like expansion. This increase indicates that companies are ready to seize growth opportunities, leveraging business loans to fuel their ambitions. While a business loan can provide you with the required funds, it is crucial … Read more
Jewelry is usually full of sentimental and financial value; it’s imperative to protect it against loss, theft, or damage. However, many people overlook the benefits and insurance of these valuable items, which could cause serious financial losses. Having insurance on your jewelry ensures that in the instance of the unexpected it will make the process … Read more
The surge in Bitcoin’s price through 2024 reflects a dynamic year for the cryptocurrency market. As of November 12, Bitcoin reached an all-time high of $89,956.88, underscoring its continued position as the leading digital currency. This report provides an overview of Bitcoin’s price trend from January to November 12, 2024, and projects what traders might … Read more
A renowned professor of economics and business, Austin Nosike, has assumed duty as the chairperson of the Institutional Audit Panel at Welwitchia University in Namibia. The audit exercise will run from November 11 through November 28, 2024, Namibia’s highest education regulatory agency, the National Council of Higher Education (NCHE), said in an appointment letter dated … Read more
Bitcoin began October with a price of $63,335.60 and closed the month significantly higher at $70,215.19. This steady upward trend in Bitcoin’s value resulted in a market capitalization increase from approximately $1.2 trillion to over $1.38 trillion. October’s performance reflected an overall increase compared to September, where Bitcoin closed at $63,329.50. Weekly Analysis Week 1 … Read more
Bitcoin’s price showed notable fluctuations from September 1 to September 30, 2024, beginning the month at $58,969.80 and closing at $63,329.50, reflecting an overall positive trend with substantial intra-month volatility. Monthly Performance Highlights Starting Price: Bitcoin opened the month at $58,969.80 on September 1, with an initial drop to $57,325.49 by the end of the … Read more
The grid collapse on November 7 marked the 10th such incident in Nigeria in 2024, plunging the country into complete darkness. In Nigeria, grid collapses involve the Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), and the Distribution Companies (DisCos). What is the National Grid? The National Grid is a network of power-generating plants, … Read more
On December 11, Nigeria once again witnessed its 11th electricity national grid collapse in 2024. Most part of the country was thrown into darkness following the electricity grid collapse, dropping from about 3,000 megawatts around 1:00 pm to zero megawatts by 2:00 pm. Barely a month ago, at exactly 11:29 a.m., most power distribution firms … Read more
The former governor of Delta State, Mr. Ifeanyi Okowa, was arrested on Monday by operatives of the Economic and Financial Crimes Commission (EFCC) over an alleged diversion of the 13% derivation fund from the federation account to the state, amounting to N1.3 trillion. Okowa served as governor of the oil-producing state from 2015 to 2023. … Read more
Beginning today, November 1, 2024, Nigerians who reside in Canada can renew their Nigerian passport from the comfort of their homes using the newly launched contactless passport system. According to a release from the Nigeria Immigration Service (NIS), the contactless passport renewal, which is in three phases, is to eliminate the issue of bribery and … Read more
Idris Okunleye popularly called Bobrisky has been arrested by security operatives at the Murtala International Airport, Lagos, and was injured in the process The controversial Nigerian crossdresser was forcefully ejected from the plane on the night of October 31, 2024, while en route London while trying to flee the invitation of the National Assembly. Earlier, the Isaac … Read more
The South West geopolitical zone of Nigeria has long been a major player in the country’s internally generated revenue (IGR), but over the years, the distribution of this economic contribution has shifted significantly among its six states, according to data from the National Bureau of Statistics, 2023. By comparing the geopolitical zone’s IGR contributions in 2007 … Read more
In 2023, a report on Internally Generated Revenue (IGR) in Nigerian states highlighted Kaduna as the only state from the northern region to break into the top 10, bringing in ₦62.49 billion, National Bureau of Statistics (NBS) has revealed. While poorest IGR states in 2023 is dominated by Northern states, Kaduna’s feat underscores its rising economic … Read more
In the 2024 budget, governors in Nigeria allocated significantly higher budgets to their offices compared to their Deputies, with some governors dedicating nearly 100 times more funds to their offices than those of their deputies. A comparative data released by StatiSense show that Lagos State leads with the highest allocation to the Governor Babajide Sanwo-Olu’s office at ₦66.84 billion, while ₦2.38 … Read more