business
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In a significant step towards fostering innovation and entrepreneurship, the Federal Government has launched the Startup Support and Engagement Portal. This portal, a cornerstone of the Nigeria Startup Act implementation, aims to streamline the identification and aggregation of startups across the country. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, announced the […]
A new report has highlighted a widening gap between Nigeria’s rice consumption and domestic production, leading to a supply shortfall of approximately two million metric tonnes annually. This imbalance has driven up rice prices by over 37% in 2023 alone, according to the AFEX 2023 wet season crop production report. Despite its potential to become […]
Employment provides a means to meet financial needs and achieve a level of financial independence. However, it also unveils a myriad of challenges and life lessons that shape our perspectives and understanding of the world. 1. Money Makes Money: While employment offers a steady source of income, the reality is that earning money requires money. […]
The world of entrepreneurship beckons with its promises of excitement, rewards, and personal fulfillment. However, it’s crucial to recognize that this path also presents its share of challenges and risks. To navigate this terrain effectively, a well-structured approach is essential. Self-Assessment: Laying the Foundation Before diving headfirst into the business world, take a step back […]
The World Bank has initiated the disbursement of the $800 million loan approved for the National Social Safety Net Program-Scale Up. Under this program, the World Bank has already released approximately $299.99 million to Nigeria, as per the approval granted on December 16, 2021. This information was confirmed by documents obtained from the World Bank, […]
The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 notes indefinitely. This is as the apex bank declared its desire to extend the validity of old naira notes beyond any expiry date. According to the bank, it is working with the relevant authorities to […]
Nigeria’s crude oil production fell last month after two consecutive months of increase, putting a damper on the government’s drive to ramp up its foreign exchange earnings and stabilise the naira. Crude oil production declined to 1.56 million barrels per day in October, indicating a 0.65 per cent drop from the preceding month, a new […]
Lagos has many radio stations, broadcasting news,business talks, music, talk shows, sports events, etc. Most people listen to the radio while commuting, doing household chores, etc. Radio stations are important because they provide information, entertainment, education, health, sports, weather, etc. They keep people informed about what’s going on around them. Radio stations make money through […]
Nigeria’s inflation rate has been tipped to hit 30% by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG in its macroeconomic review for the first half of 2023 and outlook for the year’s second half noted that recent reforms in the petroleum industry and unification of the foreign […]
