The discussion in Nigeria’s taxation space lately has been how to tax the High Net Individuals (HNIs) more. Already, the Internal Revenue Service of the Federal Capital Territory Abuja has opened a special unit, targeting individuals who earn an annual income of N25,000,000 or more. So, Who Are The High Net-Worth Individuals? The term “High Net Individuals” … Read more
What Is an Endowment Insurance Policy? An endowment insurance policy is a unique financial product that combines life insurance coverage with a savings component. It ensures that the policyholder’s family receives financial support in the event of an untimely death while also providing a lump-sum payout if the insured survives the policy term. This dual … Read more
November 2024 was nothing short of electrifying for Bitcoin enthusiasts and market watchers. From breaking barriers to flirting with the monumental $100,000 mark, the king of cryptocurrencies delivered a rollercoaster ride of price swings and bold statements. Whether you’re a seasoned investor or just curious about what’s driving the market, this analysis uncovers the forces … Read more
A Nigerian man based in the United Kingdom, who had planned to marry a Nigerian woman, has reportedly called off the wedding after her family demanded a bride price totaling ₦3.5 million. The man, who met the Akwa Ibom woman online, intended to sponsor her academics and travel documents so she could join him in … Read more
The founder of Nicakelv International Limited, an automobile importation and sales company, Kelvin Lawson, has stated that Nigeria is not ready for Compressed Natural Gas (CNG) as a viable power source for vehicles. The administration of President Bola Tinubu approved the establishment of Presidential CNG Initiative (Pi-CNG) on August 18, 2023. CNG is currently a cheaper … Read more
If you’ve ever taken out a loan, signed up for a credit card, or considered financing a car, you’ve probably come across the term Annual Percentage Rate (APR). At its core, APR is a way to understand the cost of borrowing money or the return on an investment in terms everyone can easily compare. Key … Read more
No, 3D Secure and Two-Factor Authentication (2FA) are related because they serve as security layer in the financial and banking sector, but not the same. Key Differences Between 3D Secure and General 2FA Here’s how they differ: Purpose 3D Secure: A specific protocol designed to secure online card transactions by authenticating the cardholder. It’s used … Read more
The digital revolution in banking has reshaped how customers interact with financial institutions, but it has also introduced new risks, particularly in online transactions. One of the key tools to combat these risks is 3D Secure, a protocol designed to enhance the security of online card payments. Let’s break it down. What is 3D Secure? … Read more
Imagine you leave your home and lock the door. You will also go ahead by adding an extra layer of security by putting a padlock on top of the door lock or setup a sensitive alarm, which will alert the community whenever a stranger wants to forcibly gain entry. That’s what Two-Factor Authentication (2FA) does for … Read more
In March 2024, business loans issued by lending institutions increased by 16.3%, highlighting a strong demand for capital to drive initiatives like expansion. This increase indicates that companies are ready to seize growth opportunities, leveraging business loans to fuel their ambitions. While a business loan can provide you with the required funds, it is crucial … Read more
Jewelry is usually full of sentimental and financial value; it’s imperative to protect it against loss, theft, or damage. However, many people overlook the benefits and insurance of these valuable items, which could cause serious financial losses. Having insurance on your jewelry ensures that in the instance of the unexpected it will make the process … Read more
The surge in Bitcoin’s price through 2024 reflects a dynamic year for the cryptocurrency market. As of November 12, Bitcoin reached an all-time high of $89,956.88, underscoring its continued position as the leading digital currency. This report provides an overview of Bitcoin’s price trend from January to November 12, 2024, and projects what traders might … Read more
A renowned professor of economics and business, Austin Nosike, has assumed duty as the chairperson of the Institutional Audit Panel at Welwitchia University in Namibia. The audit exercise will run from November 11 through November 28, 2024, Namibia’s highest education regulatory agency, the National Council of Higher Education (NCHE), said in an appointment letter dated … Read more
Bitcoin began October with a price of $63,335.60 and closed the month significantly higher at $70,215.19. This steady upward trend in Bitcoin’s value resulted in a market capitalization increase from approximately $1.2 trillion to over $1.38 trillion. October’s performance reflected an overall increase compared to September, where Bitcoin closed at $63,329.50. Weekly Analysis Week 1 … Read more
Bitcoin’s price showed notable fluctuations from September 1 to September 30, 2024, beginning the month at $58,969.80 and closing at $63,329.50, reflecting an overall positive trend with substantial intra-month volatility. Monthly Performance Highlights Starting Price: Bitcoin opened the month at $58,969.80 on September 1, with an initial drop to $57,325.49 by the end of the … Read more