The reduction in the official value of a currency in relation to other currencies at the foreign exchange market is called devaluation. This is one of the economic challenges Nigeria is currently passing through. Devaluation is peculiar to an importing-dependent economy that is also battling with insecurity and leadership catastrophe. For instance, if a crate … Read more
There are 12 independent countries in South America, the fourth largest continent in terms of land area after North America, Africa, and Asia. It also has five territories under an independent country. As of 2016, the population of South America was put at 422.5 million. The continent has a rich biodiversity, making it unique among the world’s … Read more
The strongest currencies in Africa in 2023 in terms of US Dollar exchange rate are Tunisian Dinar, Libyan Dinar, Moroccan Dirham, Ghanaian Cedi, Seychellois Rupee, Botswana Pula, Eritrean Nakfa, Namibian Dollar, Lesotho Loti, and Swaziland Lilangeni. In this post, we will compare currencies in Africa against the United State dollar and come up with the 15 most valuable currencies on the continent … Read more
Nicknamed ‘Farming is Our Pride’, Zamfara state has a lot of investment opportunities even as the state continues to battle some security challenges. Some of its challenges are another set of opportunities for investors who can employ technology to solve problems. While we’ll be highlighting some of the business ideas, it’s important to point out … Read more
Another northern state in Nigeria is Taraba which is nicknamed “Nature’s Gift to the Nation“. Apart from sharing borders with other neighbouring states, Taraba also shares international borders with Cameroon. While farming is the major occupation, there are several business opportunities in Taraba state that Nigerians and foreign investors can explore with huge and small … Read more
Known as the ‘Seat of the Caliphate’, Sokoto State is one of the Northern states with a lot of business opportunities. The state shares borders with Zamfara and Kebbi. It shares an international border with the Niger Republic too. Hundreds of Sokoto residents are into agriculture – farming and animal rearing. They cultivate crops like … Read more
The Nigerian Naira is one of the worst-performing currencies in Africa, no thanks to the parasitic leadership who has no economic direction. Even as foreign investors continue to pull out of the Nigerian stock market, those at the helm of affairs continue to bank on speculative data that do not reflect the reality of hardship … Read more
Close to 15 years after DAAR Communications Plc sold its stocks to hundreds of investors, some of those who participated in the Initial Public Offer (IPO) complain that they’ve never received dividends from the broadcast giant. Not only some are investors angry, but some of them also continue to accuse the company of “shady” dealings on … Read more
Blessed an abundant crude oil, Rivers state is strategic to the Nigerian economy while its capital Port Harcourt is a business hub. But there are other business opportunities in the oil-rich state that anyone with small or huge capital can explore. Investment Opportunities in Rivers With all the challenges, there are more than two dozen … Read more
What are shares? Shares are pieces of a company “ownership” an investor pays for which automatically elevates him to the status of a shareholder or stakeholder. Stocks are used in a more general term You may have heard about investing jargon like equities and stocks, they are used interchangeably with shares (which is the most popular among … Read more
There are 134 firms on the main board of the Nigerian Exchange (NGX). The figure spreads across 11 sectors. Financial services have the lion share with 44 issuers, followed by service which has 22 companies while companies under the consumer goods are 20; companies under the industrial goods are 11. Others that have the same … Read more
One of the advantages Plateau state has over its competitors in terms of foreign investment is its weather which is similar to Europe’s. Fondly referred to as the ‘Home of Peace and Tourism’, the state has over 40 ethnic groups there (including the likes of Berom, Ngas, and so on). Apart from its many tourist attraction centres … Read more
The fact that Oyo State shares borders with the likes of Kwara state, Osun state, and Ogun state makes it an attractive state for citing of industries. Besides, the Pace Setter State has the highest number of farms in the South-Western part of Nigeria. So, there are lots of investment opportunities in Oyo State for … Read more
Created in 1991, Kogi State is nicknamed “The Confluence State” because it’s the meeting point of the River Niger and River Benue. If you live or you’re an investor who is looking for a state to invest in, we have some of the hottest business opportunities you can venture into in Kogi State. Kogi boasts … Read more
The Nigerian Exchange is classified into four, each of which has different listing criteria and standards set by The Exchange. Issuers on NGX do not belong to the same group, but with the same purpose (raising capital). An investor who is very familiar with the operations of the NGX will be able to say the … Read more