Naira Gains at P2P, Black Market, Falls at I&E

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the federal government. In late May, after taking the oath of office, President Bola Tinubu announced the total removal of subsidy on petrol, which saw prices jump to over N600. The removal of fuel subsidy and the resulting increment in the pump of petrol by almost 300 per cent had quadrupled the inflation rate in the country and affected the purchasing power of Nigerians, especially the middle class and low-income earners. It was expected that as

By Adedapo Adesanya The majority of Nigeria has been plunged into blackout as power supply dropped by 93.5 per cent to 273 megawatts (MW) on Thursday, September 14, following what is reportedly a complete system collapse of the national electricity grid. According to data from Nigeria Electricity System Operator, the semi-autonomous arm of the Transmission Company of Nigeria (TCN), transmission stations, including Afam VI, Dadinkowa, Ibom Power, Jebba, Olorunsogo generated 0.70MW, 0.00MW, 32.90MW, 240MW and zero respectively. For context, the country recorded 4,182MW on Monday, September 11, and it dropped on Tuesday (September 12) by 59 per cent to 1,705

By Modupe Gbadeyanka Arrangements have been completed to build the second largest refinery in sub-Saharan Africa in Ogun State, which will also be the largest petroleum product depot in Nigeria and Wema Bank is providing the financial backing for this project. Business Post learnt that the refinery and tank farm, when fully completed, will generate over 2,000 jobs. Wema Bank is partnering with the Ogun State Government and three other companies to carry out this laudable project. The other firms, apart from Wema Bank Plc, are Petrolex Oil and Gas, Hyundai and Ajayi Legal Partner. They recently signed a deal

By Modupe Gbadeyanka Barring any last-minute change, Mr Bola Tinubu will be inaugurated as the President of Nigeria on May 29, 2023, taking over from Mr Muhammadu Buhari, after he was declared winner of the February 25, 2023, presidential election conducted by the Independent National Electoral Commission (INEC). He will inherit a battered economy and would be expected to get the ground running to endear himself to some Nigerians, who are not happy with his emergence. As Mr Tinubu prepares for his next job, some public affairs experts and economists have warned him about policy loopholes that can derail the

By Modupe Gbadeyanka Fun seekers at the BK Arena in Kigali, Kenya, on Saturday, August 19, 2023, will not forget in a hurry the excitement they felt seeing their favourite African music stars perform in their presence. Several musicians from 16 countries converged on the venue to put smiles on the faces of their fans at an event hosted by Spotify in partnership with Giants of Africa for the inaugural Giants of Africa Festival. It was in celebration of the non-profit’s 20-year anniversary, and the week-long festival did not fall beyond expectations. The event used music and basketball to educate

Gift card trading in Nigeria has become very rampant in the past few years. Still, traders find it tasking to decipher the best platforms in this niche. The definition of the best in anything is requisite to some characteristics exhibited by the said entity. This post brings you the number one gift card trading platform in Nigeria, where great gift card traders sell their cards at the sweetest rates. Tacit Exchange takes pride in the long years of providing traders with the opportunity to maximize profit on their gift cards and deliver funds in split seconds after providing the necessary details. Gift

By Adedapo Adesanya  With the rising concerns over the implementation of the new electricity tariffs across the country, a report has shown that the Nigerian power sector is responsible for over N100 billion non-performing loans in the country. According to the data obtained from the National Bureau of Statistics (NBS), the power sector ranks among the sectors with the largest non-performing loans in the banking sector. As at the end of April 2019, the total loan portfolio by domestic and foreign components was put at N15.4 trillion, while the Non-Performing Loans (NPLs) stood at N1.67 trillion. Non-performing loans constitute one

By Modupe Gbadeyanka Gas supply agreements that would up to last 20 years have been signed between Oando Plc and Nigeria Liquefied Natural Gas Ltd (NLNG). A statement issued by the indigenous energy group listed on both the Nigerian and Johannesburg stock exchanges disclosed that it sealed a renewal of gas supply deal for the existing Trains 1-3 for a term of 10 years and a gas supply for the impending Train 7 for a term of 20 years. It was stated that the contracts were signed by the upstream subsidiary of the company, Oando Energy Resources, with the Group

Adeniyi Ogunfowoke The evolvement of technology over the decades has made it compulsory to use them. These technologies which come in various forms, sizes and shapes simplify human functions and activities thus making them indispensable. Most people are addicted to some of these gadgets to the point of the gadgets becoming an appendage. Jumia Travel, Africa’s No 1 hotel booking portal identifies five (5) gadgets you can hardly do without. Whilst some of these devices are fun to use, others are functionally for safety precautions. Music Player Whether you carry a personal music player or listen to music straight off