India Builds GIFT City from Foundation

India's GIFT City could be a game changer to India's economy Gujarat -- the home state of the Prime Minister Narendra Modi -- houses an empty land 886-acre, in it is a small collection of buildings that India hopes will one day rival financial centers like Singapore, Dubai and Hong Kong. It's called Gujarat International Finance-Tec[...]

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NSE: GTB, Nigerian Breweries top losers’ table

Guaranty Trust Bank and the Nigerian Breweries on Monday top the losers’ table at the Nigerian Stock Exchange (NSE), at the close of market. Nigerian Breweries recorded the highest loss to lead the losers’ table, dropping by N2.10 to close at N79.40 per share, while Guaranty Trust Bank (GTB) trailed with a loss of 50k to[...]

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FG Sells Its Shares In Nigerian Printing, Minting Company To CBN For N12bn

Vice President Osibanjo while speaking at the official signing ceremony at the presidential villa on Tuesday explained that the sale will allow private sector participation in the company. He added that this will bring the cutting-edge technology and innovation required for the company. Professor Osinbajo also urged the Central Bank to ensure that Nigeria derives[...]

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CBN injects $210m into foreign exchange market

The Central Bank of Nigeria has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The Director, Corporate Communications, CBN, Mr Isaac Okorafor, on Tuesday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions and allocated 55 million dollars[...]

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China Vows to Retaliate After Trump’s $200 Billion Tariff Hit

China vowed to retaliate after the U.S. said it will impose a 10 percent tariff on about $200 billion in Chinese goods next week and more than double the rate in 2019. The statement from the Ministry of Commerce didn’t note specific actions, though China has previously said it would respond with levies on $60[...]

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Apple rolls-out iOS 12 update to iPhones and iPads worldwide with 40% faster loading time, and Screen Time app to record how many hours you REALLY spend using your device

Apple has started to roll out the latest version of its operating system to iPhone, , and iPod Touch models worldwide. The new software, dubbed iOS 12, features an app called Screen Time that records how many hours you spend using your device. It also includes a revamped Photos app, new Animoji characters, Siri Shortcuts[...]

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PenCom releases N86.7bn to over 275,000 sacked workers

The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme. Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, who disclosed this on Monday in Lagos, said the amount was for the settlement of 275,172 disengaged workers. She said the figure represented the total paid[...]

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Flash: CBN to penalise banks, N10,000 for failed e-transactions

Any failed Nigerian Instant Payment transaction not reversed into the customer’s account within 24 hours, based on complaint of the sender and/or beneficiary will attract a fine of N10,000, the Central Bank of Nigeria has said. The CBN stated this in a ‘Circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria’,[...]

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Inflation rises to 11.23% – NBS

Inflation rate rose to 11.23 per cent in August, up from the 11.14 per cent recorded in July this year. The Consumer Price Index (CPI) which measures inflation released yesterday by the National Bureau of Statistics (NBS) showed that the latest inflation rate was 0.09 percent points higher than the rate recorded in July 2018[...]

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Nigerian stocks plummet 3.46% , further plunge predicted

The Nigerian Stock Exchange fell to its worst performance year to date as the All Share Index closed at 32,292.79 basis points, down 3.46% and below the 33,000 mark. Year to date, the index is down 15.56%. The drop was largely due to Dangote Cement falling sharply in today’s trading session. The stock closed at[...]

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How Do I Find a Business Idea and Become Successful?

• How do I come up with a business idea? • What steps should I take in validating my business idea? • What are the easy steps on how to start a business? Hello everyone, today we will be brainstorming on this simple yet difficult task of finding and deciding on a business idea. Every[...]

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MTN Plunges After Nigeria Orders Refund of $8.1 Billion Dividend

Almost a year after MTN Group Ltd. thought it had been cleared over accusations of illegally taking money out of Nigeria, the issue has resurfaced with a vengeance. Late Wednesday, the country’s central bank ordered Africa’s largest wireless carrier to return $8.1 billion it says was repatriated improperly over eight years through 2015. The decision[...]

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UBA Appoints Four New Board Members

The new board members are Angela Adebayo, Angela Aneke, Abdulqadir Bello and Isaac Fasola. These appointments follow the retirement of Rose Okwechime, Adekunle Olumide, Ja’afaru Paki and Yahaya Zekeri, with effect from August 30, 2018. This announcement comes on the heels of the Bank’s strong H1 2018 performance with profit before tax of N58.1billion. About[...]

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Revealed: The 21 Habits That Bring You Poverty.

How to Manage Habits That Make You Broke and Ultimately Poor. I’m sure you are curious to see why you are always broke despite all your efforts. You should also be curious to know why the politicians in your area get broke after leaving office. How did Muhammad Ali and mike Tyson end up broke??[...]

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comfort zone

Escaping Ones Comfort Zone: The Birth of Wanbabablog

Escaping Ones Comfort Zone: The Birth of Wanbabablog Hi guys, so this is my first post for my brand new blog. I expect this to be the genesis of an exciting adventure. Well today had been envisioned for almost four years. Yes, really. As they say, comfort, procrastination, self-doubt and fear are the real destiny[...]

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