The Central Bank of Nigeria (CBN) has announced the removal of cash deposit limits on domiciliary accounts, allowing account holders to withdraw up to $10,000 per day. The CBN made this declaration in a statement released on Sunday, following the issuance of new guidelines in the foreign exchange market on June 14. The statement highlighted […]
Forbes Magazine has announced a shift in the ranking of Africa’s richest individuals, with Nigerian billionaire businessman Aliko Dangote no longer holding the top spot. According to Forbes’ Real-time Global Billionaires Ranking, Dangote has been displaced by South African entrepreneur Johann Rupert, whose current net worth stands at $12 billion. As of Friday, June 16,
As an investor looking to diversify your portfolio, you may want to consider emerging markets with high growth potential. Africa offers attractive opportunities for real estate investment, with several countries experiencing strong economic growth and a rising middle class. You stand to benefit from affordable property prices, high rental yields, and significant capital appreciation over
5 Best African Real Estate Markets for Investors Read Post »
In Nigeria, a major economic shift has recently arrived in the form of the new naira notes design. This exciting change is pushing the nation towards a more digital and secure economy, but what are its implications? In this article, we take an in-depth look at the current naira notes design and the effect it
A Comprehensive Review Of The New Naira Notes Design In Nigeria Read Post »
Peter Gregory Obi is Nigeria’s most influential politician and businessman. From his humble beginnings as a teacher to becoming the governor of Anambra State, Obi has shown that anything is possible with hard work and dedication. In this article we will explore Obi’s life story and discover what makes him such an influential figure in
Get To Know Peter Gregory Obi: Nigeria’s Most Influential Politician and Businessman Read Post »
Over the last week, fuel scarcity has been reported in Lagos, Kaduna, and other cities around the country. Gurustab previously reported that the fuel scarcity in Lagos was caused by the harassment of tanker drivers. However, we have gathered that there are more reasons why you do not have fuel right now. In a recent interview on
Reasons for fuel scarcity right now in Nigeria Read Post »
Dangote Cement Plc and BUA Cement Plc, two major cement manufacturing firms on the Nigerian Exchange Group Plc (NGX) recorded a combined gain of about N650.668 billion at the end of today’s trading to rank among gainers of the day despite economic headwinds. This is despite speculations that the latest interest rate hike by the Central Bank
Three (3) quoted cement firms in Nigeria gains N651 billion in market value Read Post »
President Muhammadu Buhari has unveiled the newly redesigned naira notes today, Wednesday, 23rd November 2022 at the State House, Abuja. The launch followed yesterday’s disclosure by the Central Bank of Nigeria that the president would launch the new banknotes today. The notes are in the N200, N500, and N1000 denominations. Immediate circulation: During
Newly redesigned naira notes unveiled by President Buhari Read Post »
Nigeria’s National Gas Expansion Programme (NGEP) would require heavy petrol taxation. This is according to the World Bank in its Nigeria Public Finance Review report released recently. The report states that substituting compressed natural gas (CNG) for petrol in Nigeria, would take a long time and would also require heavy taxation of petrol for financial sustainability. In
National Gas Expansion Programme would require heavy petrol taxation – Nigeria Read Post »
The governor of Nigeria’s central bank, Godwin Emefiele has announced that President Buhari will launch the new naira notes on the 23rd of November 2022. This is well ahead of the earlier scheduled date of December 15th, 2022. The governor made this known in his briefing to the media at the monetary policy communique held
President Buhari New naira note to be launched on Wednesday November 23rd Read Post »
Nigeria’s central bank governor, Godwin Emefiele has announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022. He was responding to questions about the ease of counterfeiting