Nigeria is in a dire economic crisis as the country uses 40% of its foreign exchange to import the resources it produces as non of its refineries remain redundant. The country is one of the major producers of crude oil, yet it finds it difficult to refine the fuel it consumes daily, but the Nigerian … Read more
The price of Bitcoin has spiked to NGN33,777,567.30, a few weeks after China announced the ban of cryptocurrency, although it reacted to the shock, it was momentary. Also, the new spike may also be as a result of a report by Bloomberg that the U.S. Securities and Exchange Commission didn’t oppose the launch of a futures-based Bitcoin exchange-traded fund … Read more
The Government of the United Kingdom has updated the list of companies and organizations that are licensed to sponsor foreign workers on work visa into the U.K. At the time of reviewing this article, the updated list contains 100,158 organizations that can legitimately bring workers on the employment-based work visa route into the country. The list was … Read more
On the global ranking of ease of doing business, Nigeria isn’t a conducive environment for investment, but the report by the Absa Africa Financial Markets Index 2021 (AAFMI) says Nigeria is the third most attractive country in Africa for foreigners to do invest. Producer: Official Monetary and Financial Institutions Forum (OMFIF) Sponsor: Absa Group Limited … Read more
Nigeria’s economy is wallowing in internal and external debts worth trillions of Naira, while the executive and the lawmaking arms are plundering the revenue, yet they are desperately in searching of means of paying off the debts and means of funding country’s 2022 budget. But a member of the House of Representatives at the National … Read more
It seems Nigeria’s government has realised that it’s very important to write its own story by itself instead of an external body. One of such areas the Federal Government is taking upon itself is the Ease f Doing Business rating in 36 states plus the Federal Capital Territory (FCT), Abuja. Before 2020, when the government … Read more
Another opportunity for investors, importers, and exporters to showcase their product and service to the rest of world at the Nigeria Diaspora Investment Summit (NDIS) begins on November 16 to November 17, 20201. The 2021 event which is in its fourth edition is organised by the Nigerians in Diaspora Commission (NiDCOM) Dubbed HYBRID Investment Summit … Read more
In April 2020, the Court of Appeal of Nigeria introduced an alternative e-payment for filling of a Court process because of the pandemic The Acting President of the court Justice Monica Dongban-Mensem stated Court of Appeal REMITA was designed to reduce contact between court officials and legal practitioners filing the appeal during and post COVID-19 era. … Read more
Dr Ezra Yakusak will replace Mr Segun Awolowo as the Chief Executive Officer (CEO) of the Nigerian Export Promotion Council (NEPC). Segun Awolowo, the grandson of the late sage Chief Obafemi Awolowo, was first appointed by the administration of former President Goodluck Jonathan in November 2013. And he was reappointed for a second term as … Read more
Since the Federal government through the Nigeria Export Promotion Council (NEPC) announced its determination to scale up revenue from non-oil exports, the number of exporters in Nigeria has dramatically increased. Most of them can be found in the international Business to Business (B2B) marketplace. Nigeria’s major non-oil exports that could yield billions of US Dollars … Read more
Despite some of the security challenges in most of the North-East, many investment opportunities still abound in Adamawa State, one of the Northern states that share an international boundary with Cameroon. Particularly for the foreign investors who are looking for ways to tap into the natural resources the state is blessed with, we’ll guide you … Read more
The 2020 pandemic opened the eyes of dependent countries to hundreds of business opportunities in their backyard. Abia, one of the South-Eastern states is a sign that there are hundreds of untapped investments in the state. For instance, foreign investors trooped into the state after the 2020 COVID-19 pandemic, making it the third most destination … Read more
Nigerian passport is one of the worst passports, ranking alongside Ethiopia, the two most populous African countries. The two most populated African countries are ranked 103 with 43 visa-free scores out of 116 in the world. The ranking, according to Henley & Partners, travel by investment and residence advisory firm, was based on the most … Read more
With free entry into 192 countries, Japanese and Singaporean passports are the best passports in the world while Germany and South Korea take the second spot out of 116 in the world. The latest outcome of research by a London-based global citizenship and residence advisory firm Henley & Partners (H&P) has revealed. Most of the … Read more
In 2020, Nigeria spent around $56.61 billion USD on imports while in the same year under review, products exported from Nigeria to international markets were around $34.54 billion USD. In economics and trade, that’s a trade imbalance or trade deficit of around $22.07USD, the data obtained from the National Bureau of Statistics (NBS) put the Naira value at … Read more