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A Sourced and Edited by AYOTIMOFE The Minister of Finance, Zainab Ahmed, on Friday said the Central Bank of Nigeria did not consult her ministry before taking the decision to redesign naira notes by December. She made the disclosure during the budget debate of the Ministry of Finance, Budget and National Planning in Abuja. The Minister said even though one of the reasons for the decision is to manage inflation, consequences are sure to follow. “We were not consulted,” she said. “It was an announcement that we heard. Part of the reasons that was advocated is that it is one of the ways to mop up the liquidity to manage inflation. “But there are also consequences – we are looking at what the consequences will be. There will be some benefits but there will be some challenges. “And I don’t know whether the monetary authorities have actually looked very closely at what the consequences and how they will mitigate it.”. She added that the reason is to manage inflation and the finan...

  By  Cyril Endurance Favour  Admist perilous times in the business world, Guinness Nigeria Plc has announced this year N14.31 billion Profit increase in comparison to  2021. The report was made known at the company’s 72nd Annual General Meeting, admist accolades by the board chairman of Guinness Nigeria Plc, Omobola Johnson. With a revenue of N206.88 billion, the company’s profit was able to grow to 310 percent before tax . The chairman declared a dividend for every N7.14 ordinary share or 50kobo approved  and advise that bank accounts be opened for the purpose of dividend  payment.  To which payment upon approval would be made for shareholders whose names appeared on the register of members on September 23, 2022. In reference to unclaimed dividends , the  company’s Secretary, Rotimi Odusola  said “A list of unclaimed dividends will be circulated , W hile others are yet to be presented to the registry for revalidation or the banks for paymen...

Diezeni Alison madueke's property was seized Alison madueke was a key figure in the administration of formal President Good luck Jonathan. she was the petroleum minister from 2010-2015. The country's economic crimes commssion said on Monday, two properties and cars should be seized, in the latest ruling related to graft allegations against her. She was last known to be in Britain as her current location is unclear She has been dogged by corruption allegations since she left office but denies the charges The economic and financial crime commission (EFCC) said in a statement that high court judge mobolaji Olajuwon issued the final forfeiture of the former minister’s $3 million home and car in Abuja Previously, it was ordered by the court that her upmarket property in the commercial capital Lagos and frozen funds that were said to be part of the rent collated from the property Justice Department filed a civil complaint in 2017, and aimss to recover about $144 million i...

  Published by Arikawe Aminat  The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians. He further urged Nigerians to proceed to their banks to deposit their Naira notes, adding that the deposit fee would be waived for transactions below N150,000. Emefiele added that the redesigning of Naira notes would help to curb counterfeit notes, as well as hamper ramson payment to terrorists and kidnappers.

 Kelvin foley a managing director of institutional account at YTM capital Hee has three Canadian foundation boards and investment committee. However investing isn’t easy but  how money can be supplied  excessively and how return expects rises, have made so many Investors to abandoned some basic rules, which are not unquestionable rules but are excellent guides.Some of these guides are: 1.Ask the right analysts how they learned to support stock prices that had fully separated from traditional valuation. 2.Ask home buyers about their experience Taking the COVID 19 pandemic in April,2020 as a case study, that really affected all  business owners globally, but after some time, the market bounced back to normal.  Although that kind of behaviour wasn’t normal,  that and other market events in the past several years have conditioned investors to expect it. By Awoyo monisola Gloria  Published by Shodolamu olawale quadri 

 By: Oshikoya Oluwaseyi Published by Arikawe Aminat  Conduct a market research  When you want to start your business you need to conduct a market research. A market research will able to tell if there is an opportunity to turn your idea into a successful business , it help you to get more information about the people, customer and business that have been open in the area where you want to open your business. You can use such information as a competitive advantage for your business Write up your business plan  When you want to start your business you have a business plan on what you want to do. it's a roadmap for how you want the  structure of your business to run and grow . You can use it to persuade the people working for you or the investor that want to invest in your business or company Fund your business Your business plan will put you through on how much money you need to start up your business. If you don't have that amount of money you want to use to star...

  Out of the 35 sanctioned firms and individuals, 32 were debarred with conditional release, making them ineligible to participate in projects and operations financed by the institutions of the World Bank Group By: Arikawe Aminat   In a bid to intensify efforts to advance the fight against corruption in its development projects, the World Bank Group says it sanctioned 35 firms and individuals in 2022. This is according to the World Bank Group Sanctions Annual Report for 2022 released on its website, a copy of which was obtained by the News Agency of Nigeria (NAN) on Thursday in Abuja It said out of the 35 sanctioned firms and individuals, 32 were debarred with conditional release, making them ineligible to participate in projects and operations financed by the institutions of the World Bank Group. The statement said three firms were sanctioned with conditional non-debarment, leaving them eligible, as long as they continued to meet certain agreed conditions while under sanction...

By: Arikawe Aminat and Kareem Afiz Entrepreneurship  has to do with the deliberate launching of a small scale business with the interest to grow it up and make it a larger scale business that would one day run the economy of the market.   However, entrepreneurship is not without its shortcomings and since the business is on a hundred percent risk basis, most entrepreneurs fall out by the wayside because they are unable to cope with risks and failures in the market economy. Entrepreneurship is all about taking risks and someone who cannot take daring risks cannot be termed as an entrepreneur.   Agencies like Manufacturers Association of Nigeria (MAN), National Association of Small and Medium Enterprises (NASME), National Poverty Eradication Programme (NAPEP) and so many more have tried their best to    provide a means for manufacturers to create and influence general policy regards industrial matters. Which in turn helps entrepreneurs in Nigeria.   Adeniyi G...