Author : NigGal

Three Key Elements of Digital Transformation to make Nigerian Businesses Stay Competitive

NigGalOctober 21, 2024October 21, 2024

In recent weeks, many Nigerians have experienced downtimes from their banks, often preceded by messages about system upgrades linked to their digital transformation journey. While...

Finance

Hardships are caused by the Naira Float, not subsidy removal – Expert

NigGalOctober 21, 2024October 21, 2024

A financial expert, Dr. Olutayo Obadina, has attributed the current economic hardship in Nigeria to the government’s decision to float the naira, rather than the...

Finance Funding

Increasing foreign reserves to help stabilize the naira

NigGalOctober 21, 2024October 21, 2024

$6 Billion Gain Pushes Reserves to New Heights as Naira Strengthens Amid Investor Confidence Nigeria’s foreign exchange (forex) reserves surged by $206.16 million, closing at...

Finance

CBN is working to fill the $294 billion financing shortfall for women-led MSMEs

NigGalOctober 14, 2024October 14, 2024

The Central Bank of Nigeria (CBN) has taken decisive steps to address the $294 billion financing gap that women-owned micro, small, and medium enterprises (MSMEs)...

Finance

Naira exchange rates September 2024

NigGalOctober 14, 2024October 14, 2024

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell September 30, 2024 1690 / 1700 2235 / 2265 1835 / 1860...

Business Management

Are you working on a way to gain financial freedom?

NigGalOctober 9, 2024October 9, 2024

Your reflection highlights several critical elements of financial planning and investment that many people overlook, such as the need for financial goals, the importance of...

Business Ideas

Your own plan to reduce poverty

NigGalOctober 9, 2024October 9, 2024

Your reflection offers a profound perspective on poverty alleviation, emphasizing personal responsibility and mindset over external factors. Here’s how I would craft a strategy for...

Finance

DMO provides two types of savings bonds available for subscription

NigGalOctober 9, 2024October 9, 2024

The Debt Management Office (DMO) has opened the October 2024 Federal Government of Nigeria (FGN) savings bond offer, providing two bond series with attractive interest...

Finance

Bank deposits increase by 16.5% despite a struggling economy

NigGalOctober 3, 2024

Despite the ongoing economic hardship in Nigeria, banks have seen a remarkable increase in customer deposits, indicating that many individuals and institutions are increasingly holding...

Business Ideas

Watch out for investment schemes that offer big returns

NigGalOctober 1, 2024October 1, 2024

Beware of High-Return Investment Schemes: Lessons from the Rise of Ponzi Scams The internet and social media have accelerated the spread of high-return investment schemes,...

Business Management

How many bank accounts one should maintain?

NigGalOctober 1, 2024October 1, 2024

How Many Bank Accounts Should You Have? Balancing Simplicity with Financial Needs With technology making it easier than ever to open multiple bank accounts, it’s...

Finance

Wema Bank Earns New Certification

NigGalSeptember 26, 2024September 26, 2024

Wema Bank has been recognized for fostering a culture of innovation and for being the best workplace for millennials. The bank announced that it received...

Entrepreneurship

SMEDAN to Host 2024 National MSME Conference

NigGalSeptember 26, 2024September 26, 2024

SMEDAN to Host 2024 National MSME Conference The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National...

Business Ideas General

Knowing Debt-to-Income Ratio: A Vital Factor for Financial Wellness

NigGalSeptember 25, 2024September 25, 2024

Understanding Debt-to-Income Ratio: A Key Metric for Financial Well-Being Managing your finances involves keeping track of various metrics, and one of the most crucial is...

Business Management

Managing Unexpected Gains: Ways to Get the Best Out of Surprise Income

NigGalSeptember 25, 2024September 25, 2024

How to Maximize Unexpected Income Life often presents surprises, and some of the most welcome ones come in the form of unexpected income. Whether it’s...

Finance

CBN Gives PoS Operators One Month to Comply with Aggregator Usage Directive

NigGalSeptember 13, 2024September 13, 2024

The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) operators must route transactions through licensed Payment Terminal...

Business Management Funding

FG Reaffirms Commitment to Agricultural Growth

NigGalSeptember 9, 2024September 9, 2024

FG Pledges Continued Support for Agricultural Growth The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment...

Events

LAPO MFB has appointed a new director

NigGalSeptember 9, 2024September 9, 2024

LAPO Microfinance Bank has announced the appointment of Joshua Etopidiok as its new non-executive director. In a statement released on Sunday, the bank highlighted Etopidiok’s...

Finance

Naira Exchange Rates August 2024

NigGalSeptember 2, 2024December 9, 2024

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell August 30, 2024 1630 / 1640 2110 / 2140...

Finance

CBN Lifts Suspension on Standing Lending Facility, Sets SLF Rate at 31.75%

NigGalAugust 27, 2024August 27, 2024

The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a key mechanism that banks use to manage...

Conferences & Exhibitions National

Big 5 Construct Nigeria 2024 Summit to Foster Industry Collaboration

NigGalAugust 26, 2024August 26, 2024

This year’s Big 5 Construct Nigeria conference will emphasize the importance of collaboration among construction professionals. According to the event organizers, the Big 5 Construct...

Appointments Finance

FCMB Pension CEO Christopher Bajowa Elected as New PenOp President

NigGalAugust 26, 2024August 26, 2024

Christopher Bajowa, the Managing Director and Chief Executive Officer of FCMB Pension Limited, has been appointed as the new President of the Pension Fund Operators...

Business Management

FG Postpones N150bn Loan Disbursement for Manufacturers to September

NigGalAugust 19, 2024August 19, 2024

The Federal Government has postponed the disbursement of the N150 billion loan for manufacturers and micro, small, and medium enterprises (MSMEs) to September. This was...

Finance

FCMB Announces New Board Members

NigGalAugust 16, 2024August 16, 2024

First City Monument Bank Limited (FCMB) has added Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of directors. In a statement released on Wednesday,...

Finance

Two FG savings bonds are available for subscription through the DMO

NigGalAugust 13, 2024August 13, 2024

DMO Offers Federal Government Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO) has announced the availability of two Federal Government...

National

Nigeria holds the ninth position as an investment destination in Africa

NigGalAugust 9, 2024August 9, 2024

Nigeria secured the position of the ninth most investable country in Africa for 2024, according to the latest RMB Where to Invest in Africa report....

Finance

UBA emerges most visited Nigerian banking website

NigGalAugust 2, 2024August 13, 2024

The United Bank for Africa has been named the most visited banking website in Nigeria, as it received 2.36 million visits in June. According to...

Finance

Naira Exchange Rates July 2024

NigGalAugust 1, 2024December 27, 2024

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell July 31, 2024 1595 / 1600 2040 / 2080...

Finance

CBN jacks up interest rate again amidst rising inflation

NigGalJuly 24, 2024July 24, 2024

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has jacked up the Monitoring Policy Rate (MPR) by 50bps moving interest rate to...

Finance

Senate amends Finance Act to allow imposition of windfall tax

NigGalJuly 24, 2024July 24, 2024

The Senate, on Tuesday, passed the Finance Act (amendment) Bill, 2024 to provide for the imposition of Windfall Tax, assessment and review of profit declarations....

Login

Register