With the latest Forbes magazine net worth of Alhaji Aliko Dangote valued at $10.8 billion, the 10 time Africa’s richest Nigerian has been displaced by a South African billionaire Johann Rupert to the second position in the Africa’s richest list. Before the latest update of Dangote’s net worth, he was richer than the combined Gross … Read more
There are important documents applicants need to submit to the Central Bank of Nigeria (CBN) for the processing of fees for foreign services, such payment is known as invisible transactions in international trade. This isn’t limited to Nigeria. It is a general practice around the world. Foreign invisible transactions are prevalent in Nigeria because of … Read more
Kratom may be a relatively new product on the market. But the herb has already earned a reputation for its powerful medicinal properties. Scientifically known as Mitragyna speciosa, kratom is indigenous to the Southeast Asian countries of Thailand, Malaysia, Indonesia, Myanmar, and Papua New Guinea. Locals have been chewing the plant’s leaves for thousands of … Read more
Generally, the process of commercial export in Nigeria isn’t as easy as they seem online. There are several challenges from the packaging to the point of export. But the most important thing is for an exporter to play their card in a smart way and prepare ahead for the challenges that may come. For instance, … Read more
The Nigerian Exchange (NGX) will be closed for 13 days in 2024. This is when there are no tradings of equities. The NGX doesn’t open for trading on these days: NGX Trading Hours 2024 On every business working day, trading on the NGX begins at 9:30 a.m. and closes at 14:30, Monday to Friday. Days … Read more
What’s Pajawiri? Pajawiri is a Yoruba Language which means an emergency. It is an app that’s designed by a group of Yoruba Nation proponents to send an SOS to a relative of someone who is in danger. Two years after the launch of an anti-kidnapping mobile security application, Pajawiri App, no one has ever reported … Read more
One of the ways to tap into investing opportunities of companies listed on the Nigerian Exchange Limited (NGX) is to closely monitor activities or talk to registered and regulated stockbrokers or an investment advisor. There are different securities ready to invest in the NGX apart from the time to time Public Offer that may be … Read more
The Central Bank of Nigeria (CBN) should adopt a flexible exchange rate that will allow a pricing mechanism strategy that reflects the demand and supply fundamentals in the foreign exchange market. The Centre for the Promotion of Private Enterprise (CPPE), made the call in its 2021 review of the various policies that were introduced by the CBN … Read more
We should first admit that one of the hardest things to do in Nigeria is to save money. There are many factors that have made it extremely difficult to successively save sufficient money in this part of the world. We can talk about the ever-increasing inflation, which compels citizens to keep paying more for goods … Read more
Cannabidiol, or CBD—popularly known— is a chemical compound found in Cannabis sativa plants. Unlike its cousin THC, CBD won’t get you “high.” Instead, taking it presents you with numerous health benefits such as anxiety and depression relief, pain, and inflammation, or a remedy for insomnia. Shopping for CBD is tricky since the U.S Food and … Read more
What is Invisible Trade? Payment for services like website design, security consultancy, hotel lodge, medical bills, education fees, and business consultancy are some services that constitute invisible trade because they are services that do not require the transfer of physical objects. How Invisible Trade Work In international trade, invisible trade refers to transactions in foreign … Read more
With the TRMS, the apex bank can monitor applications for dollars in real-time and track applicants with their BVN or TIN.
An origin or financing method refers to the amount of money a company uses to fund its operations. A company can get money from various sources. The sources could be divided into two major categories: 1) internal, 2) external. Whatever the sources are, the main goal is to meet financial needs. Internal sources of finance … Read more
One of the ways billionaires make more money is through fixed income securities because they protect their principal and turn in interest. It is one of the sweetest ways to protect ones hard-earned money while you concentrate on other money-generating tasks. But is it specifically designed for the rich? Can an average earner invest in … Read more
Some newcomers in stocks who participated in the just-concluded Public Offer (PO) by MTN Nigeria taught once you buy a stock that’s all. Here is what you need to know about the allotment of shares and what the Company and Allied Matters (CAMA) says about the process of issuing them. What is Share Allotment? Allotment … Read more