Nigeria’s external reserves have been on a downward trajectory in recent months, driven by low inflows from crude oil sales and foreign capital. The reserves, which gives the Central Bank of Nigeria (CBN) the firepower to defend the naira, declined by 12.70 percent to $35.19 billion as of May 19, 2023 compared to $40.31 billion …
The work ahead for Nigeria’s President-elect Bola Tinubu requires him to set up a team almost as flawless as the treble-chasing English premier league team, Manchester City. He will also need to be just as ruthless as manager Pep Guardiola or even more, after all governing Nigeria is a more difficult task than winning the …
Launched on June 29, 2017 by President Muhammadu Buhari’s government during a well-attended event at the State House Conference Centre of the Presidential Villa in Abuja, the Voluntary Assets and Income Declaration Scheme (VAIDS) – a tax amnesty programme – sought to boost the country’s very low tax base and shore up revenues. VAIDS is …
…..Schools, electricity projects, road construction, Agric among key sectors of focus Governor Babajide Sanwo-Olu of Lagos State Lagos State on Tuesday issued a 10-year bond and a seven-year bond valued at N115 billion at 15.25 percent and N19.815 billion at 14.7 percent, respectively. The total amounted to N134.8 billion. The bonds are part of the …
Why should you choose Breet over other crypto trading platforms? Breet is where crypto trading meets coolness – the best crypto trading platform in Nigeria and Ghana. Why is Breet better than other crypto trading apps in Nigeria and Ghana? Well, if you’re a crypto trader like myself, you should have realised how confusing it …
IMF approves a $3 billion loan for Ghana On Wednesday, the International Monetary Fund (IMF) announced that it has approved a three-year extended credit facility of $3 billion for Ghana. This approval allows for an immediate disbursement of approximately $600 million. The approved loan is intended to provide economic recovery and stability to Ghana amidst …
What do Nike, Puma and Adidas have in common aside from being the world’s biggest sporting shoe brands? There are many not-so-cryptic answers, including that their founders were fueled by the desire to make better shoes for athletes and the fact that they were all male and Western. Since these pioneers shaped the market, the …
The world of Nigerian business is often cutthroat. From power struggles to intense feuds, billionaires in Nigeria are no strangers to fierce conflicts and heated rivalries. These wealthy individuals engage in a fierce battle, not with weapons, but through legal tactics and strategic moves. Whether in oil or telecommunications, these industry leaders are driven by …
CBN bows to the Supreme Court’s order After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigerian residents can now do business with the old banknotes of N1,000, …
With so many delivery services available, it can be hard to know which one is right for your business. There are several key attributes you should consider when comparing delivery service providers. These attributes will help ensure reliable and efficient delivery of your products to your customers which is your top priority. 10 Key Considerations …