When Bauchi state was part of the Northern regional government in the 1960s, it contributed massively to the economic growth of the region and the central government at the time. The stable source of revenue in the state agriculture. Even as it became a state in 1976, Bauchi continues to be home to a lot … Read more
After the most valuable digital currency closed in October at $60,717.07 USD, it started in November at $60,800.57. It seems the $60K has been the most comfortable for the BTC since it crossed that mark in 2021. BTC recorded an All-Time High (ATH) of $68,789.63 on November 10, 2021, to surpass its previous $64K ATH, … Read more
All 36 states in Nigeria have a slogan (or nickname) peculiar to them due to their activities or a record that they have set politically, economically, religiously, and culturally. Most times, people who are familiar with the history of such a state use the slogan to praise them. Below is a list of states and … Read more
In the southeast geopolitical zone, Anambra is the most highly industrial state. The state comprises innovators, and manufacturers among others. But the business potential of the state has not been fully harnessed. In this post, we’ll discuss some of the business opportunities in Anambra for foreign and indigenous investors. Just like every other state, there … Read more
Apart from crude oil which constitutes over 90 per cent of its revenue, Nigeria is blessed with more than 40 natural resources that can be found in different parts of the country. What Are Natural Resources? Natural resources are resources that exist on earth without any action from mankind which can be put into use … Read more
Is Ondo a Good State To Do Business? If a state is filled with economic resources, it’s very important that it’s conducive to business activities, so, let’s assess the state based on the following: Ease of doing business In terms of Ease of Doing Business in Nigerian States according to PEBEC, Ondo is ranked No. 8, … Read more
Companies that source at least 50 per cent of their raw materials locally, have the potential to contribute to Nigeria’s foreign exchange, and have export value potential among other requirements can apply for the 100 for 100 Policy on Production and Productivity (PPP). It is an initiative of the Central Bank of Nigeria (CBN) to … Read more
The excessive use of coercion and selective arrest of civilians during the regime of Major Gen. Muhammadu Buhari led to the downfall of his government. His Chief of Army, the ambitious Ibrahim Badamosi Babangida kicked Buhari and his deputy Maj.-Gen. Tunde Idiagbon out of office through a military coup. Although IBB’s coup like every other … Read more
Nigeria’s major competitive advantage in terms of investment is its population while other parameters are not favourable to a country that prides itself as Africa’s biggest economy. Over the years, its big economy which largely depends on oil revenue has failed to translate to an improved standard of living of its millions of people who … Read more
The incumbent Minister of Women Affairs is Mrs. Uju Kennedy. She will be formally sworn-in on Monday, August 21, 2023. The Federal Ministry of Women Affairs as we know it today came about as a result of the efforts of first ladies in Nigeria. The office of Nigeria’s First Ladies was not official and flamboyant … Read more
For close to three decades, Nigeria’s economy has depended largely on the importation of finished products, even some indigenous manufacturing companies import raw materials. To put a stop to an importation economy, the Central Bank of Nigeria (CBN) on October 25, 2021, launched the “100 for 100” Policy on Production and Productivity (PPP). The laudable … Read more
Commercial banks in Nigeria (Deposit Money Banks) operate under seven different categories of banking licences issued by the Central Bank of Nigeria (CBN). They are: Commercial banking licence with international authorization Commercial banking licence with national authorization Commercial banking licence with regional authorization Non-interest banking licence with national authorization Merchant banking licence with national authorization … Read more
Unlike today when a local government chairman can buy property in Dubai, UK, and anywhere he chooses to, it wasn’t like that in the 60s and 70s, the story was different in the 1970s And according to Ebun Oyagbola, Nigeria’s first female minister, public service was purely for service to humanity and “your community. Full … Read more
From one-bedroom to 2-bedroom, and 3-bedroom apartments, interested Nigerians can now apply for homes on the National Housing Programme (NHP) portal which was made public on Friday, November 12, 2021, in Abuja, the Federal Capital Territory. Note: The featured image shows one of the apartments in Oyo state The core mandate of the NHP is … Read more
The naira continued its appreciable performance against the US dollar on November 12, 2021, at the black market, it closed at NGN525 at the close of business on Friday. On Thursday, at the close of trade, it appreciated against the dollar at the parallel market on Thursday to trade at N540 per dollar. and NGN530 … Read more