Nigeria’s $20 billion Dangote Refinery, Africa’s biggest refinery that opened earlier this year, is now using the national currency, the Naira, instead of the U.S. dollar to buy crude oil from the state oil corporation. This move follows a July ...
Read More »Solar Pump: How Many Batteries Do I Need?
Usually, this question is better phrased as “How long do you want your Solar pump to RUN?”, then specific calculations can be made to determine the proper battery bank size. Remember “RUN” is an important word. Calculate battery size for ...
Read More »Banks colluding with PoS operators to disrupt naira circulation, says CBN
The Central Bank of Nigeria has cautioned PoS operators over cash availability. This was made known in a statement signed by the Acting Director of Communication and Public Relations, Sidi Ali, on Thursday. The CBN noted that there is a ...
Read More »Banks to disconnect non-deposit financial institutions from transfer list
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System.The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According ...
Read More »Bitcoin Breaks $40K for the First Time in 18 Months
The price of Bitcoin (BTC) hit $40,000 on Sunday for the first time in 18 months, while Ethereum (ETH) rose past $2,200 amid a broader – if subdued – rally in the crypto markets.Bitcoin’s price had been toying with the ...
Read More »Nigerian Naira to Dollar exchange rate record over 5 decades (1972-2023)
Nigerian Naira to Dollar exchange rate record over 51 years (1972-2023)- Have you any idea once ever, Nigerian Naira was higher compared to the American Dollar? The economy of the giant of Africa, Nigeria has for a long time experienced good ...
Read More »Business Plan: The map of a business
A business plan is like a map of a business. It outlines the company, what it plans to sell, who it intends to sell to, how much money it might spend and make, and more. It’s an essential document that ...
Read More »800w Solar Led Light: How to be Sure of Product!
The photo above shows a clear difference between 400W and 800w Solar Led Light. The one above is 400W while the one below is 800W. Taking a very close look at the two items in the picture, you will find ...
Read More »Court Rejects DSS Suit To Prolong Emefiele’s Detention
The Court had ordered his remand in a Correctional Centre while awaiting the fulfilment of his bail conditions On the basis of purported fresh material it had acquired, the DSS legal team quietly submitted the request on Wednesday A Department ...
Read More »Global LNG markets now driven by long term contracts, not spot markets – Report
The global liquefied natural gas (LNG) market is now driven by the security of supply which is heavily reliant on long-term contracts and not spot market supplies. This is according to the International Gas Union (IGU). In its latest World LNG report, ...
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