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Mixed reactions have trailed Nigeria’s public financial sector since Edo State, Governor Godwin Obaseki on 10 April 2021 disclosed that the Federal Government printed N60 billion as part of the federal allocation for March. This earth-shaking disclosure was made during the state transition committee stakeholders’ engagement. After four days of anxiety, as the public waited…
A few days ago, the Central Bank of Nigeria (CBN) obtained an interim order from the Federal High Court, Abuja Division to freeze eleven bank accounts of five companies and one individual for 45 days. The order empowers the apex financial regulatory body to conduct investigations into suspicious activities including money laundering and illegal forex…
The Finance Act 2020 was signed into law on 31 December 2020 by President Muhammadu Buhari and took effect on 1 January 2021. One major aspect of the Finance Act 2020 is the Unclaimed Funds Trust Fund. According to the Finance Act 2020, any unclaimed dividend of a public limited liability company quoted on the…
Lagos State has been experiencing a massive population increase in the last two decades. This is mainly due to galloping urbanisation and huge exodus from rural to urban areas. Owing to its teeming population, Lagos State is constantly faced with enormous challenges in terms of infrastructure provision and the need to cope with the increasing…
In the world today, the privileged positions of founders and Chief Executives have almost become exclusive to degree and MBA holders. However, a few have proven with their stories that grit, hardwork, sweat ,toil and initiative can make a man successful in business, even without executive degrees. Two successful entrepreneurs and key personalities that stand…
Former Lagos East Senatorial District candidate of Peoples Democratic Party (PDP), Princess Abiodun Oyefusi, has reacted with disappointment over the just-concluded zonal congress of the party that took place on 12 April 2021 in Osogbo, the Osun State capital. She frowned at a process that failed to give adequate attention to women participation, despite the…
The decision by Twitter to take her African head office to Ghana has continued to generate huge bickering, especially among those who feel all key investments in Africa must come to the continent’s largest economy. Indeed, Nigeria has attracted several mega-companies across the globe, which have boosted her Foreign Direct Investment (FDI) in the last…
The online trend of getting loans as quickly as within 24 hours or less is becoming quite popular. This is as more local and foreign players joined the queue in the last one year. Although online lending platforms help in creating liquidity for employees and owners of Small and Medium Scale Enterprises (SMEs), they are…
Competition is not strange in business. The spirit of competition has that unique capacity to engender more efficient production processes or create a pathway for the invention of new or better products. It provides an avenue to help businesses identify consumers’ needs—and then develop new products or services to meet them. In the Nigerian business…
The International Monetary Fund plays a significant role in moulding economic policies of the world, including Nigeria. Accordingly, the IMF (Nigeria) Staff Country Reports gives kudos to the government in areas they reason are commendable, while offering options to areas they believe can have damaging effects on the economy. Recently, the agency released a report…
