Endowments As A Funding Options For Nigerian Universities In Nigeria, three things are certain, Death Taxes and ASUU Strikes ASUU is the union representing the Academic Staff of Nigerian Universities. The union has been on strike since 1981; Figure 1 is a newspaper cutting of November 1981 saying, “ASUU may call off strikes”. ASUU strikes …
The President of Nigeria, Muhammadu Buhari, has presented a supplementary budget of N4t to cover the cost of importing Premium Motor Spirit (PMS) for the fiscal year 2022. That request has been approved Background Some background, Nigeria is an oil-producing and exporting nation, and it owns four refineries. Still, at the moment, none of the …
The word Ponzi is now synonymous with fraud, especially financial fraud. Its important investors do very basic scoring of financial offers they receive or are considering. What is a Ponzi Scheme? A Ponzi scheme is a fraudulent investment scheme that offers high interest but pays this interest by taking the deposits of new investors to …
The Basics, Income & Expenses April is Financial Literacy Month The National Financial Educators Council (NFEC) defines financial literacy as “possessing the skills & knowledge on financial matters to confidently take effective action that best fulfills an individual’s personal, family & global community goals.” keywords? “Take Effective Action”. This week I want to talk about …
On Tuesday, 22nd of March, President Buhari commissioned the Dangote Fertilizer plant in Lagos, Nigeria. It’s a big deal. Built for $2.5b, according to the Group Executive Director of Dangote Industries Limited Devakumar Edwin, Nigeria has an annual demand of 1 million tons of fertilizer, and this plant can produce 3 million tons. So this …
According to the calendar released by the Central Bank of Nigeria (CBN), the next Monetary Policy Committee (MPC)Meeting will be held on March 23rd, 2022. Why should you care about this meeting? The Monetary Policy Committee is created to “facilitate the attainment of price stability and support the Federal Government’s economic policy. The MPC formulates …
