Francis Abel 
Decoding the Puzzle: Understanding Renewal Interest Rates on Your Old Insurance Policies Introduction: Insurance is a financial safety net that provides protection and peace of mind. However, as time goes on, the details of your insurance policies, including renewal interest rates, can become a bit of a mystery. In this blog post, we’ll embark on … Read more
The Nigerian currency, naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40. … Read more
Chairman of the BUA Group of Companies, Rabiu Abdulsamad, has expressed confidence that prices in Nigeria will soon start to come down under the administration’s economic policies. Abdulsamad, who was meeting with President Bola Tinubu to congratulate him on the successful completion of Ramadan in Lagos highlighted the significant progress that has been made in … Read more
The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu said this Thursday while he appeared on Channel Television’s Politics Today. Recall that the on April 3, the Federal Government, through the Nigerian Electricity … Read more
Seyi Vibez, a Nigerian singer, songwriter, and performer, has been making waves in the music industry with his unique style and soulful voice. With his hit songs like “God Sent” and “Okay,” he has gained a large following and has become a household name in Nigeria and beyond. However, the question remains: is Seyi Vibez … Read more
Aliko Dangote, Africa’s richest man, believes Nigerians may expect lower inflation as diesel pump prices fall. He disclosed this on Wednesday during an interview with journalists after paying Eid-el-Fitr tribute to President Bola Tinubu at his Lagos mansion. “I believe that we are on the right track. I believe Nigerians have been patient and I … Read more
Auto insurance is a crucial component of responsible vehicle ownership, offering protection against a range of unforeseen circumstances. Among the various types of coverage available, “full coverage auto insurance” is a term often used, but its meaning can vary depending on who you ask. In this blog post, we’ll unravel the complexities of full coverage … Read more
Exploring AAA Insurance: Trusted Protection on the Road and Beyond For over a century, the American Automobile Association (AAA) has been a trusted name synonymous with reliable roadside assistance and travel services. However, many may be unaware that AAA also offers a comprehensive range of insurance products tailored to meet the diverse needs of modern … Read more
On Monday, the naira appreciated to N1,120 per dollar in the parallel part of the foreign currency (FX) market. The current FX rate is a 9.67% reduction from the N1,240/$ recorded on April 3. Bureau de change (BDC) operators, popularly known as street traders, in Lagos quoted the local currency’s buying rate at N1,100 and … Read more
The Central Bank of Nigeria (CBN) has prohibited the use of foreign denominated collateral for naira loans. However, the CBN exempted Eurobonds issued by the Federal Government of Nigeria or Guarantees of foreign banks, including Standby Letters of Credit. Announcing the ban in a circular titled, “The Use of Foreign-Currency Denominated Collaterals for Naira Loans”, … Read more