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
Providing security services, solar energy installations, Bureau De Change operation, SaaS, and coding are some of the untapped businesses in Nigeria that will fetch you a lot of money if you can strategize. For instance, the plan of the government to fix the energy issue may take some years before businesses and Nigerians will begin to … Read more
What is PTA Exchange rate? PTA exchange rate is the USD/NGN prevailing buy and sell market rate at which applicants for Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) who need foreign currencies are ready to pay to meet their FX needs. PTA means Personal Travel Allowance while BTA means Business Travel Allowance for travellers … Read more
Hundreds of people who want to invest in stocks either don’t know how to get started or don’t have enough information about stocks in Nigeria which they can buy, we’ll guide you on how you can the technological advancement in stocks trading. Disclaimer: The fact that you can make money from trading stocks also comes … Read more
One of the biggest industries in the world is sports betting. Some bettors have become addicted to betting so that they feel unrest when they are disabled financially to place a bet when two clubs play. A sports analyst said sports betting is becoming a pandemic in Nigeria “where mothers send their kids to place … Read more
If you subscribed to a public offer between 2005 and 2010, you’re most likely one of the millions of shareholders who received their share and dividend certificates via the postal system. But technology has advanced the way we invest. As such, here is the guide on how to activate electronic dividends, or e-dividends, by filling … Read more
On November 10, 2021, the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele at the France-Nigeria Security and Economic Summit, in Paris, France, expressed optimism that by the middle of 2022, Nigeria’s foreign reserves will surpass the $42 billion thresholds. It’s been turbulent for Nigeria’s economy and its foreign exchange market in recent … Read more
Each of the 10,000 wheat farmers in Bauchi will receive at least NGN370,000, totalling NGN5.7 billion from the Central Bank of Nigeria (CBN) for the dry season farming. In addition to the loan, six bags of urea, four bags of NPK fertilizer, pumping and spraying machines, CBN Comptroller, Bauchi Branch, Saladu Idris, said on Thursday. … Read more