MIPAD Spotlights Ngozi Okonjo-Iweala, Sand Mba Kalu, Kanayo Awani and More as Nigerian Trailblazers in Global Trade.
In a significant stride towards recognizing excellence in global trade, MIPAD has unveiled its inaugural list of the Most Influential 100 Export and International Trade Edition. This momentous occasion, announced on January 1, 2024, coincides with the anniversary of the founding of the World Trade Organization (WTO) and serves as a tribute to individuals shaping […]
FIRS Declares VAT on Non-Building Items Such as TV Masts and Cell Towers from September 1!
The Federal Inland Revenue Service (FIRS) announced that items that are not considered buildings will be subject to a 7.5 percent value-added tax (VAT) starting from September 1, 2023. This was disclosed by Muhammad Nami, the executive chairman of the revenue agency, in a public notice over the weekend. FIRS – VAT to apply to […]
Don’t Let Inflation in Nigeria Ruin Your Life. 10 Practical Ways to Manage Your Finances in Nigeria.
Inflation in Nigeria – Inflation is a persistent increase in the general level of prices of goods and services. It erodes the purchasing power of money and makes it harder for people to afford the things they need. Low income earners are especially vulnerable to inflation, as they have less savings and assets to cushion […]
Housing Trends Today – What to Expect in Real Estate.
The global housing industry in 2022 presented an outlook that moved from promising in the early parts of the year to uncertain in the latter parts. In Nigeria for example, insecurity, flooding, and issues with the economy formed part of the challenges that affected the sector. A more worrisome development was the inflation rate within […]
Top 10 Profitable Side Hustles in Nigeria (2023)
In recent years, many countries of the world have begun to struggle with challenging economic conditions including inflation, debt crisis, trade tensions, cybersecurity threats, climate change, and demographic challenges. In Nigeria, the situation is not any different. From a pandemic-induced recession in 2020, the country’s economic growth recovered but macroeconomic stability weakened (World Bank, 2022). […]
Food Inflation: Turning “Yesterday’s Stew Into Today’s Jollof Rice”.
A constant in today’s Nigerian economy is inflation, especially food inflation. Prices of goods keep increasing, leaving everyone frenzied. For seven consecutive years, we’ve witnessed a shocking inflation rate and an increment in the international exchange rate as well. The inflation is a result of poor management of resources, bad leadership and the harsh effect […]
How does the Naira-Dollar Disparity Affect Nigerian Businesses? PT. 2
This article is a continuation of “Global Markets – What Does The Rising Naira to Dollar Disparity Mean For Nigerian Businesses? PT 1. “ Read it HERE. Let’s find out how the naira to dollar exchange rate affects businesses in Nigeria. Customers are losing buying power: According to the National Bureau of Statistics, Nigeria, the annual […]
Global Markets – What Does The Rising Naira-Dollar Disparity Mean For Nigerian Businesses? PT 1.
From the beginning of the year, the Nigerian Naira has witnessed a rising disparity with the US Dollar; reaching an all-time highest exchange rate of N1 – $710 in the previous month. Current data shows that the black market sells a dollar for N745. Even with the fluctuating exchange rate, the Central Bank of Nigeria […]