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Cost of import clearance jumps by 23% amid currency fluctuations
2 mn read In the space of 16 days, the cost of clearing imports increased by 23% from ₦1,150.16/$ recorded on April 23, 2024, to ₦1,412.6/$ as of May 8, 2024. Cost of import clearance jumps by 23% [GFE Business] Nigerian manufacturers and importers have seen their import clearance fees increase by 23% as the country battles forex […]
5 common mistakes you should avoid when starting a new job
3 mn read Avoiding these common mistakes when starting a new job sets you on the right path to success. Do not make these mistakes in your new job Searching for a job can be tasking. Most people put in so much effort in getting one and the excitement that comes with that offer letter is worth the […]
Remains of two Uganda Martyrs set to be returned from Rome
2 mn read The Catholic Church in Uganda is preparing to welcome back a significant piece of its history: the remains of two martyrs who were brutally killed in the late 19th century. The remains will be displayed at Uganda Martyrs University alongside other powerful artifacts These martyrs, Charles Lwanga and Matiya Mulumba, were among a group of […]
1 thing you probably should never drink when on a plane
3 mn read The explanation of why you should avoid this drink water during a flight is both simple and surprising. Be careful what you drink! Some flight attendants are happy to share their thoughts about airline passengers and what they should or shouldn’t do online. Former airline employee, Kat Kalamani, took to TikTok to reveal what drinks […]
Top Nollywood Stars Who Have Won Most AMVCA Awards (Full List)
4 mn read Nollywood stars and movie enthusiasts are eager to see who will emerge as winners at the Africa Magic Viewers’ Choice Awards (AMVCA) ceremony, which is scheduled to hold on Saturday, May 11, 2024. Since the inception of the prestigious award ceremony in Lagos, Nigeria, on March 9, 2013, the AMVCAs have become one of the […]
It’s impossible to drown even if you can’t swim in these 5 water bodies
2 mn read It’s impossible to drown even if you can’t swim in these 5 water bodies Did you know that there are some bodies of water that you can’t drown in, even if you can’t swim? Siwa Oasis Water bodies with a high salt content make it almost impossible for people to drown. This is because water […]
The ‘gates to hell’ are opening wider and wider — it’s a warning sign
2 mn read The edges of the sinkhole, one kilometre long and 50-100 metres deep, are constantly crumbling. Batagayka crater in Russia is called the ‘gates to hell’ [Jesse Allen] In northern Yakutia, Russia, there is the world’s largest permafrost depression. Officially, this place is called the Batagajka crater and is located approximately 660 km from Yakutsk, but […]
APC group kicks against NLC’s ₦615k monthly minimum wage demand
2 mn read The demand for a minimum wage of ₦615,000 monthly salary for Nigerian workers by NLC has raised concern as the country is presently at an economic crossroads. Director-General, Confederation of APC Support Groups, Prof. Kailani Muhammed A socio-political group, the Confederation of All Progressives Congress (APC) Support Groups, has urged the Nigeria Labour Congress (NLC) […]
FGN offers ₦450 billion bonds for subscription at ₦1,000/unit
2 mn read All FGN bonds qualify as liquid assets for liquidity ratio calculation for banks. FGN Bonds [Noble Solutions] The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at ₦150 billion each for subscription at ₦1,000 per unit. According to a release by the DMO, the first offer is the five-year […]
OPay clarifies new CBN directive, reassures customers
< 1 mn read OPay clarifies new CBN directive, reassures customers OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities. As a regulatory-compliant institution, OPay follows the rules set by the CBN and other regulators to ensure the […]