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
In 2010, the Securities and Exchange Commission (SEC)sent a letter to the Nigerian Stock Exchange now Nigerian Exchange (NGX) for the approval of the commencement of the new Alternative Securities Market (ASeM). It was the third market classification to be introduced to be capital market by The Exchange. Small and Medium Scale Enterprises played a … Read more
On Thursday, February 10, 2022, the governor of the Central Bank of Nigeria (CBN) disclosed that the apex bank would stop selling forex to banks. The new FX policy, according to Godwin Emefiele, would begin before the end of 2022, calling on the Deposit Money Banks (DMBs) to begin to source forex to meet their obligations. … Read more
The companies listed on NGX’s premium board have a combined market capitalization exceeding N22.87 trillion. Out of the eight firms, seven of them are among the biggest firms by market capitalisation in Africa’s biggest economy. Political and economic influence cannot qualify a traded company to make it to the premium board. Instead, the company’s excellent … Read more
On Tuesday, April 19, 2022, Olumuyiwa Adejobi was confirmed as the 25th Indigenous Force Public Relations Officer (FPRO) of the Nigeria Police Force by the Inspector-General of Police, Usman Alkali Baba. Adejobi (now an Assistant Commissioner of Police {ACP}) replaced Frank Mba on February 12, 2022, and was appointed in an acting capacity on February 16, 2022, … Read more
Technology has made a lot of things easier today, and its impact is felt in different facets of human endeavours. One of such is by designing an outline and start selling them as online courses on some of the reputable learning management systems to make extra money. Progress in technology has upgraded the way we … Read more
Selling in large quantities to foreign buyers requires some documentation, in this guide, we will discuss export documents in Nigeria a seller is expected to get to have a smooth international trade with their buyers. Export in this guide means sales of a large number of non-oil products to consumers or manufacturers of raw materials … Read more