How To Apply for Dollar on Trade Monitoring System (TRMS)
With the TRMS, the apex bank can monitor applications for dollars in real-time and track applicants with their BVN or TIN.
Sources of External and Internal Finance
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
18 Fixed-Income Investments in Nigeria
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
What Is Share Allotment?
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
20 Untapped Businesses in Nigeria That Will Rock 2023 and Beyond
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
Updated: BTA-PTA Exchange Rate in Nigeria Today
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
50 Performing Stocks in Nigeria You Can Buy
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
Is Sports Betting An Investment or Gambling?
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
How to Activate e-Dividend Mandate Form
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
10 Economic Implications of Defending Naira with Foreign Reserves
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
10,000 Bauchi Farmers To Get NGN5.7billion Loan from CBN
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
BVN of COVID-19 Loan Defaulters Will Be Blocked – NMFB Boss Vows To Invoke GSI
The managing director of NIRSAL Microfinance Bank (NMFB), Alh. Abubakar Kure, has vowed that the Bank Verification Number (BVN) of COVID-19 loan defaulters will be blocked. In an interview, the NMFB boss disclosed that Global Standing Instruction (GSI) would be implemented on bank accounts of loanees after the end of the moratorium and deduction would … Read more
Bitcoin Price for December 2021
Bitcoin closed at $57,848.77 in October 2021, translating to NGN32,684,555.05 in Nigeria, thereby recording a dip compared to November 1, when it opened at NGN34,322,840.35 or $60,748.39. It opened at $56,995.88 or NGN32,202,672.20 at the time of this report and cryptocurrency enthusiasts hope to see bitcoin out perform the earlier set record in November when it traded at $68,053.34 or … Read more
Applications Of Laplace Transform In Science And Technology
Many science students who need a mathematical background attend courses up to and including differential equations. The Laplace transformation is one such method that has vast importance to resolve various complex problems in different fields of engineering and technology. Being very tough, it is not possible for every student to have a hands-on grp on … Read more
Secretary to the Government of the Federation (SGF) in Nigeria
On Friday, June 2, 2023, Senator George Akume became the 20th Secretary to the Government of the Federation after his appointment by President Bola Ahmed Tinubu. He had been a political ally of Tinubu since the days of the defunct Action Congress of Nigeria (ACN). Akume was a minister under the regime of Maj-Gen. Muhammadu … Read more