The impending proposal and steps to be taken by the Central Bank of Nigeria (CBN) to enhance liquidity in the foreign exchange market hold significant consequences for currency speculators in the country. These speculators, who often engage in short-term trading to profit from currency fluctuations, could face challenges as the ...
Nigerian celebrities have strategically leveraged various platforms to enhance their popularity, employing a combination of social media presence, mainstream media coverage, and public opinion to build their brand and engage with their fans. Here's a breakdown of how they do it. Social Media Presence: Nigerian celebrities recognize the power of ...
In a significant development that is poised to reshape Nigeria's foreign exchange landscape, the Central Bank of Nigeria (CBN) has taken a strategic step by renaming the Investors' and Exporters' (I&E) FX Window to the Nigerian FX Exchange Market. This decision comes as part of the CBN's broader efforts to ...
In a monumental move that signals a significant shift in Nigeria's financial landscape, the Central Bank of Nigeria (CBN) has granted approval to 154 digital money lenders to operate in the country. This approval comes as a testament to Nigeria's commitment to fostering financial inclusion, embracing technology, and revolutionizing the ...
Fundamental analysis is one of the options available to investors while evaluating any security or tradeable assets in the marketplace, while technical analysis is the second option. However, their uses are different. Technical analysis defers from fundamental analysis in the sense that the former only looks at trading activities, while ...
In the wake of the “japa” syndrome in Nigeria lots of folks have abandoned the country and relocated abroad. They left on the assumption that there are greener pastures abroad. While, many Nigerians have succeeded and still succeeding abroad, running their own businesses, there are many more who are still ...
The Central Bank of Nigeria (CBN) is set to introduce strategic measures aimed at bolstering liquidity within the foreign exchange market in the coming days, according to an announcement made by the Acting Governor of the CBN, Folashodun Shonubi. This decision underscores the apex bank's commitment to fostering stability and ...
Anthony Joshua's fight against Robert Helenius showcased his exceptional boxing skills and power. Joshua dominated the match, displaying his technical prowess and controlled aggression, ultimately securing a knockout victory. On the other hand, Deontay Wilder's bout with Helenius was also an impressive display of his knockout power, as Wilder managed ...
In a surprising turn of events, tech moguls Elon Musk and Mark Zuckerberg's proposed $1 billion super fight seems to have taken a different trajectory. The two have over time given the impression that the fight will happen, but now seem not exactly enthusiastic about it anymore. A leaked exchange ...
Niger's ousted President Mohamed Bazoum is certainly not having the best of time in the hands of his captors. The threat to his life and family has been in the news since his ouster and detention by the military junta. The latest is the threat of facing prosecution for alleged ...
The coup plotters in Niger have threatened to try the ousted President Bazoum for “hight treason” according to a report by Reuters. This is the latest in the fast developing coup saga in one of West Africas's poorest countries, which has seen so much of violence in the past. The ...
In the aftermath of the screening and confirmation of 48 ministerial nominees by the Nigerian Senate, a storm of discontent has erupted, primarily from leaders of the Igbo community. Accusing the ruling All Progressives Congress (APC) of perpetuating marginalization, the South-Eastern region claims it has been deliberately excluded from the ...
Definition: We define technical analysis as the tracking and investigation of how the price of a given tradeable asset moves, whether up or down and the size of deals associated with each movement. It is the examination of the trading activities associated with a particular tradeable asset in the market, ...
Pastor Tunde Bakare, a prominent Nigerian religious leader and politician, has traversed a multifaceted journey through the realms of spirituality and politics. His path has been marked by some accomplishments, but also scrutinized for inconsistencies in his character and approach to national issues. As he continues to use his church ...
The United Kingdom recently passed a new immigration law called the Illegal Migration Act. The passage of this new law has stirred debates about its effects on immigrants, particularly those seeking a better life on British soil. While the Act is positioned as a measure to curb illegal immigration and ...
In response to recent rumours circulating on social media, the Nigerian military high command has firmly denied receiving any request or intention to disrupt the democratic system of governance in the country. The Defence Headquarters had expressed concern over comments suggesting the Armed Forces might intervene in the democratic process ...
Definition: We define fundamental analysis as the evaluation of a security or any given tradeable asset to determine its inherent value and a suitable selling price for it based on the inherent value. This evaluation is carried out by looking at the fundamentals of the security, such as the issuer ...
According to data from Nigeria's National Bureau of Statistics (NBS), the escalating cost of transportation and food commodities continues to burden commuters and consumers across the country. In its latest report on transport fares and food prices for June, the NBS revealed concerning increases in various sectors. The average fare ...
As the world undergoes geopolitical shifts, alliances like BRICS (Brazil, Russia, India, China, and South Africa) have emerged as influential platforms for cooperation and development. For African nations, including Nigeria, joining BRICS offers a host of potential benefits and opportunities. While the advantages are substantial, it's essential to weigh them ...
Amidst a backdrop of banking turmoil stemming from Nigeria's presidential election earlier this year, Nigerian students pursuing studies at Swansea University are facing a distressing situation. According to the students, their academic pursuits have been jeopardized due to late tuition fee payments, resulting in threats of deportation and the termination ...
In recent years, Russia's expanding presence in Africa has raised alarm bells across the international community. The United States, United Kingdom, France, and other Western powers must recognize the urgency of addressing Russia's manoeuvres on the African continent. As Moscow deepens its engagement and geopolitical influence, there are clear instances ...
West Africa - The Economic Community of West African States (ECOWAS) has made a resolute move to bolster security in the region by establishing a standby force for Niger. This decision comes in response to escalating security concerns and the imperative to counter instability in the region. The capability of ...
Nigeria’s House of Representatives has summoned Andrew Adejo, the Permanent Secretary of the Federal Ministry of Education, to appear before its Subcommittee on Students' Loans and Higher Education, as the lawmakers zero in on the controversial Act. This development comes amid growing concern over the absence of the Permanent Secretary ...
As the Naira continues with it's freefall against major foreign currencies this has sent shockwaves through the nation, sparking concerns over its impact on the economy, citizens, and foreign investments. This report x-rays these concerns you must not ignore. The complex web of causes, the ensuing blame game, and the ...
The relentless surge in fuel costs has sent shockwaves across Nigeria, as citizens grapple with the economic ramifications of skyrocketing prices at the pump. The multifaceted factors driving this upward trajectory and the subsequent blame game have ignited debates among stakeholders. As the nation confronts this pressing issue, prominent voices ...
The recent two weeks seat-at-home order issued by factional IPOB leader Simon Ekpa raised eyebrows in the whole of the southeast and beyond. There was anger across the land. The new order from Mr Ekpa was seen as fuel in a raging inferno. It came amidst already existing once weekly ...
The southeast region of Nigeria has emerged as a fascinating crucible of political intrigues and ambitions, even though the interest of the region continues to struggle at the national level. Imo state in particular is again approaching the season of the next electoral cycle, which will determine who leads the ...
The hallowed halls of the National Assembly were the epicentre of a political spectacle as President Tinubu's ministerial nominees underwent some rigorous screening (or was it not rigorous enough?). Please have your say in the comment section. The recent suspension of e-Rufai and two other nominees has sent shockwaves through ...
Embarking on international travel is an exciting prospect that often begins with a crucial step: the visa interview. Whether you're seeking a tourist, business, student, or work visa, the interview process can be a pivotal factor in determining the outcome of your application. In this comprehensive guide, we delve into ...
The case of a Nigerian man's right to stay in the UK being rejected due to alleged links to countries he has never visited raises significant ethical and legal questions regarding immigration policies and the treatment of individuals seeking asylum or residency in the UK. The 57 year old Nigerian ...
