Nigeria’s recent fuel price increase has caused significant concern among citizens and businesses. On Tuesday, the Nigerian National Petroleum Co. raised the cost to N617 a liter from N537 in Abuja, the nation’s capital. This move came after President Bola Tinubu’s decision to scrap fuel subsidies and open the market to other gasoline importers, ending…
Category: Finance & Business
Stay informed about trending topics, news, and gain valuable insights into finance, business strategies, and financial management.
Nigeria’s Inflation Soars to 22.79%: What it Means for Businesses and why you should use Bujeti
Nigeria’s economy has been grappling with a significant challenge recently as the country’s inflation rate has soared to 22.79% year-on-year. Inflation is an economic concept that affects individuals and businesses alike. This article aims to define and explain inflation and its implications for businesses and highlight the importance of effective financial management using platforms like…
10 Proven Strategies to Raise Money for Your Business
Starting a business in Nigeria can be an exciting and fulfilling endeavour. However, one of the biggest challenges entrepreneurs face is raising capital to fund their ventures. Whether you’re launching a new startup or looking to expand an existing business, securing financing is crucial for success. In this article, we will explore ten explosive ways…
What does the Unification of exchange rate mean for you?
Nigeria has officially floated its naira currency, as recently announced by the Central Bank of Nigeria (CBN). This significant development indicates a shift in the country’s exchange rate policy, where the naira’s value against the U.S. dollar will now be determined by market forces of supply and demand rather than being solely controlled by the…
Why Fuel Subsidies Removal is a Hot Topic in Nigeria: A Comprehensive Analysis
From the southern to the northern parts of Nigeria, the removal of fuel subsidy has been a pressing issue on the minds of Nigerians… Nigeria is Africa’s largest oil producer. Yet it imports most of its fuel and, a lot of the time, Nigeria has produced just under two million barrels a day in the…
Revocation of Banking Licenses in Nigeria: Emphasizing Financial Stability in Uncertain Times
In a significant development, the Central Bank of Nigeria (CBN) has recently revoked several banking licenses, sparking concerns and implications for the country’s financial sector. This move by the CBN has far-reaching consequences and highlights the importance of understanding the implications of these revoked licenses. Revocation of CBN Banking Licenses The CBN’s decision to revoke banking…