The majority of barite in Nigeria is mined in Cross River, Benue, Nasarawa, Zamfara, Taraba, Plateau, Adamawa, Rivers, Gombe, and Ebonyi states. On Friday, October 29, 2021, Nigeria’s government through its Minister of Mines and Steel, Olamilekan Adegbite, announced that Africa’s biggest economy has joined the list of countries that have large deposits of barite. … Read more
Guaranty Trust Holding Company (now Guaranty Trust Bank) is selling US dollars to online buyers at NGN480.96/$1, research by InfomediaNG Business Solutions (IBS) has shown. Most times, commercial banks that have foreign exchange licences do not sell forex at a unified rate to customers as they determine what their rate would be. When a team … Read more
In a few weeks from now, millions of Christian homes around the world will be agog for the celebration of Christmas, a celebration that is famously known for crazy online demand for gift items ranging from fashion to consumables. The celebration period isn’t meant for those who want to satisfy their market needs, it’s also … Read more
Until the Economic and Financial Crimes Commission (EFCC) released a public statement Wednesday, October 27, 2021, that it would be auctioning some properties linked to Nigeria’s former Minister of Petroleum Resources, most people never knew there was a lady’s bra as expensive as $12.5 million. For your information….$12.5million is NGN7,000,000,000 at the parallel market at … Read more
The official price for a police clearance certificate in Nigeria is NGN40,000. This cost excludes the ‘bribes’ in the application process. This is because when the official cost of a character certificate was NGN5, 000 some years ago, applicants paid at least NGN10,500 while applicants who had no political influence paid as much as NGN40, … Read more
On October 2, 2023, Diezani Alison-Madueke, appeared before the Westminster Magistrates Court in the United Kingdom over an alleged £100,000 bribe. Her latest trial in far away UK since 2015 means that Nigeria’s anti-graft agency – EFCC – still has its eyes on her for extradition to face corruption charges back home. Takeaways: This article … Read more
The festive season is a time for celebration and gifting, but it’s also an excellent opportunity for businesses to thrive. With changing trends and a dynamic global market, here’s an updated list of 40 profitable Christmas business ideas to help you make the most of this season. 1) Personalized Gift Services Personalization remains a hot … Read more
Bitcoin and other cryptocurrencies were established to bring about a new and secure means of transaction, free from bankers and brokers. But, as this technology becomes more popular across the world, many people are now becoming uneasy with the idea of being the only ones with access to their online investments. Investors are realizing that … Read more
It’s time of the year to buy amazing products and save big during Jumia Black Friday which started November 3 and till November 2023. This is the time you could enjoy as much as a 99% discount on amazing products ranging from clothing, wristwatches, phones, and others. We already shared with you some of the … Read more
Bitcoin was predicted to close at $20,000 before the end of 2020 as far back as June 2020 and on October 25, 2021, it traded at $62,674.13 on most crypto exchanges. One of the earliest investors in cryptocurrency is a Norwegian who bought 5,000 BTC for just $27 several years back and is now one … Read more
Katsina, one of the states in the Northwest geopolitical zones is blessed with a lot of lucrative business opportunities, unfortunately, a lot of them remain untapped or underutilised. Carved out of Kaduna state on September 23, 1987, Katsina State came into being during the military regime of Gen Badamasi Babangida. With its 24,192 km2 land area, Katsina is … Read more
The importation business is a lucrative business in Nigeria, no wonder merchants make millions of naira from it every month. Here, we will talk about the requirements and importance of form M and form Q. UPDATE: If you’re just kickstarting an importation business, you must learn how to cross the hurdle of sourcing forex after … Read more
Since the Central Bank of Nigeria (CBN) announced the launch of a digital currency dubbed “eNaira” which is known as Central Bank Digital Currency (CBDC), Nigerians expressed mixed reactions to the project. While some Nigerians praised it, some berated the apex bank for coming up with such an idea as having “ban” trading of cryptocurrency … Read more
In 2015, as Nigerians prepared for a general election, the outcome of which was predicted to split Nigeria, a UK-based news magazine, The Economist, in its editorial supported the opposition candidate at the time, Major General Muhammadu Buhari, against the incumbent Goodluck Jonathan, who represented a party that had been in power for 16 years. … Read more
Tagged the pandemic year, 2020 was still rosy for 11 states in Nigeria as Foreign Investors from across the world came to put their monies in the biggest Africa’s economy. Although Foreign Direct Investment (FDI) dropped by 59.7 percent, Abuja, the Federal Capital Territory (FCT) and 10 states received inflows. Equities supplied the largest capital … Read more