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Business & Investments27 posts

CBN Suspension of FX Supply to BDCs Boosts Banks' Income

In the wake of  Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), six banks in nine months of 2021 produced N145.6billion revenue from exchanging FX.  The six banks in earlier nine months of 2020 had created a sum of N47.16billion from exchanging the FX market.  The six banks are Sterling bank Plc, Union Bank of Nigeria Plc, ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-11-09
1529 Views
1
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CBN Reveals Initiative To Empower 100 Companies

The Central Bank of Nigeria, (CBN) has started the 100 for 100 Policy on Production and Productivity with the revealing of a functional framework to direct organizations with regards to partaking in the program.   The framework which was announced on Sunday outlined the conditions organizations should meet to be considered for the program.  “This is the operational fr ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-11-06
1318 Views
1
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"eNaira More Reliable Than Cryptocurrency" -CBN

The Central Bank of Nigeria has said that the eNaira is more dependable than digital forms of money.  According to its official site the recently introduced currency eNaira is defined as  "a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and a store of value, offering better ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-11-04
666 Views
1
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Bitcoin Adopted by El Salvador but Crashes Same Day

Bitcoin encountered its most unpredictable days of this current year as the cost of the cash fell by $9000 to around $47,200 today. The price crash comes only a couple of hours after El Salvador turned into the primary nation to authoritatively take on it as legal tender, the first in a 12-year history.  As per the Bloomberg Galaxy Crypto Index, the worth of the coin went down over 10% ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-09-08
1632 Views
1
9df2785d 8bf3 4eb9 9d09 d8d64f03e902
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Naira falls to new low of 527 against dollar

The Naira has further fallen since  Monday, sliding to a new low of 527 against the dollar at the equal market.  The Naira , which has been on a descending pattern lately, tumbled to 524 against the dollar on Friday from 522/$1 on Thursday.  At the Investors and Exporters' window, the naira, notwithstanding, fortified to 411.63/$1 on Monday from 412/$1 on Friday, as ind ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-09-01
1751 Views
1
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Central Bank of Nigeria Bans Forex Sales

Nigeria's Central Bank (CBN) has halted the sale of foreign exchange (FX) to Bureau De Change (BDC) administrators in the country. The registration of new foreign exchange institutions has additionally been halted according to Governor Godwin Emefiele during a monetary policy meeting in Abuja. This decision has been met with debate and controversy between economists, monetary policy ex ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2021-07-29
1606 Views
1
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Highest paid Nigerian MD/CEOs in 2020

The MD/CEOs of the 30 most promoted organizations (NSE 30) on the NSE acquired about N5 billion in compensations in 2020. The Managing Director/Chief Executive is the most senior leadership position in the organization, accused of steering the association's undertakings and guaranteeing productivity and development. Chiefs are the ones at the rudders of undertakings and, in this manner, get ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-04-28
1696 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

CBN vs Cryptocurrency; the gold rush, time for a change?

Despite the Central Bank of Nigeria communicating its anxiety about Cryptocurrency in Nigeria, the cryptographic money space has kept on carrying out clever answers for genuine issues. Perhaps the latest arrangement is the coming of Non-Fungible Tokens (NFTs), a unit of information put away on a blockchain to guarantee that a computerized resource is one of a kind and non-tradable. It is an adv ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-04-18
1743 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

How to borrow cryptocurrency?

According to The World Bank, in 2019, credits to the private area by banks throughout the planet represented 90% of worldwide GDP, and loan fees on stores on the planet have not expanded for very nearly ten years. There is a tremendous requirement for cash on the planet, which banks, for different reasons, can't fulfill and which is in part "pulled over" by the digital currency. A ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-04-08
1881 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

Tips to help you achieve your Bitcoin trading goals

You have objectives for wandering into Bitcoin exchanging. Possibly you need to turn into a Bitcoin wealthy person. Albeit numerous individuals want this objective, accomplishing it is difficult. Nonetheless, this doesn't mean you can't arrive at it. With the correct methodology and tips, you can achieve your crypto exchanging objectives. Here are practical tips that will prompt your cr ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-03-11
1863 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

More individuals are wandering into the Bitcoin exchanging world notwithstanding the unpredictable idea of this digital money.    Bitcoin is among the pioneer digital forms of money. After being accessible for longer than 10 years, its prevalence is becoming the world over. And individuals are presently utilizing it to pay for administrations and merchandise on both nearby and o ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-03-07
1614 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

How Bitcoin is Transforming the World

  Bitcoin is one of the digital forms of money that have changed how individuals send, get, and utilize their assets. It's essential for the most recent turns of events and developments that are changing the world. Individuals and associations across the globe are giving computerized cash their merited acknowledgment. More individuals are utilizing Bitcoin and other cryptographic fo ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-03-04
1874 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

How to earn passive income with Bitcoin

  Putting resources into a task or exchanging is the most well-known approach to cash utilizing cryptographic forms of money like Bitcoin. Yet, this requires significant time venture and examination. Notwithstanding, it doesn't promise you substantial pay.   With this methodology, even an accomplished financial backer can make misfortunes. That is the reason numerous cryp ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-03-04
1777 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

How Bitcoin differs from Ethereum

Both Bitcoin and Ethereum are digital currencies. Bitcoin is the most well-known digital currency, trailed by Ethereum. Moreover, Bitcoin and Ethereum are separately the first-and the second-biggest computerized monetary standards by market cap. Anyone keen on putting resources into a digital currency may typically need to analyze Bitcoin versus Ethereum.   Similitudes of Bitcoin and ...Read more
8a6a32ed 24f2 40bc a7f3 f71005bfc035 annewriter02
2021-03-04
1764 Views
1
8a6a32ed 24f2 40bc a7f3 f71005bfc035
  • Business & Investment

Bitcoin: How its doing

The cost of Bitcoin is as of now under huge tension at the primary working day of the week, in the midst of record sell-offs located at the steadily changing monetary resource.  What you should know: As at press time, Bitcoin exchanged at $35,129.26 with a day by day exchanging volume of $84.3 billion. It is down 14.61% for the afternoon.  Bitcoin market esteem currently rem ...Read more
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2021-01-12
2913 Views
1
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  • Business & Investment
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Nigerian Vendors Automatically Charge N50 charge on POS Transactions without consent

Over a year ago, the Central Bank of Nigeria issued a mandate for vendors to remit a statutory charge of N50 on POS transactions. This charge was marked for tax and stamp duty provided the transaction exceeded N1,000.  Since the mandate, most vendors have silently programmed the tax onto their POS systems, automatically charging their customers.This is done because of the general belief ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2019-11-26
2204 Views
1
9df2785d 8bf3 4eb9 9d09 d8d64f03e902
  • Business & Investment

Nigeria: Border closure helping Nigerian Farmers

The current closure of Nigerian borders has rejuvinated the agricultural business in the country. Rice is one of Nigeria's staple foods and according to the the Minister for State for Agriculture and Rural Development, Mustapha Shehuri, rice farmers are smiling all the way to the bank.  “They are smiling to the banks with the impressive sales they have recorded and this opport ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2019-11-05
2094 Views
1
9df2785d 8bf3 4eb9 9d09 d8d64f03e902

7.2 Percent VAT Increase: Good or Bad For Nigeria?

The increase of Value Added Tax (VAT) from 5 to 7.2% by the Federal Executive Council (FEC) on Thursday has been met with controversy. The president of the Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice, stated the increase was long overdue, as Nigeria's VAT is still currently one of the lowest in the world, and the lowest in the ECOWAS subregion. In t ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2019-09-13
2239 Views
1
9df2785d 8bf3 4eb9 9d09 d8d64f03e902
  • Business & Investment

How to Trade and Convert Bitcoin into the Ghana Cedi

Bitcoin x Ghana. Before we delve into the title, here is some light information on Bitcoin for the unfamiliar. Although paperless and striclty digital, Bitcoin is like any other currency. But unlike other currencies, it can be transmitted globally, instantly and at a lower rate. Bitcoin allows you to "be your own bank," meaning you have complete control over your funds; ...Read more
9df2785d 8bf3 4eb9 9d09 d8d64f03e902 dyla
2019-09-10
2260 Views
1
9df2785d 8bf3 4eb9 9d09 d8d64f03e902
  • Business & Investment

Top 10 fastest growing industries in Nigeria

Top 10 fastest growing industries in Nigeria    Here are a list of the fastest growing Industries and businesses that have the most opportunity in Nigeria:    Agriculture Agriculture has become one of the leading industries in Nigeria with many millionaires are being created every year. We have found that many Nigerians have moved back and invested heavily in ...Read more
9089cd4a 70b0 4392 985f 08047d2c9ebc admin
2019-09-03
2459 Views
1
9089cd4a 70b0 4392 985f 08047d2c9ebc

SEC Begins Close Monitoring, Supervision of Capital Market Operators

Abuja — The Securities and Exchange Commission (SEC) has begun a close monitoring and supervision of capital market operators in a bid to ensure that investors' interests are not violated, misused or mismanaged in any form. It has also enjoined investors to make use of the commission's Complaints Management Framework (CMF) in expressing their reservations, if any, in the capita ...Read more
9089cd4a 70b0 4392 985f 08047d2c9ebc admin
2019-09-02
2249 Views
1
9089cd4a 70b0 4392 985f 08047d2c9ebc

South Africa and Nigeria are hurting the rest of Africa

The two nations that account for almost half of sub-Saharan Africa’s gross domestic product are proving to be a damper on the region’s economic expansion. Nigeria and South Africa, which vie with each other to be the continent’s biggest economy, both release second-quarter growth data on Tuesday. While the figures will probably show South Africa dodged a recession and ...Read more
9089cd4a 70b0 4392 985f 08047d2c9ebc admin
2019-09-02
2410 Views
1
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