May 2021

Simplii Financial, a direct banking brand of the Canadian Imperial Bank of Commerce (CIBC), makes it easier for Canadians and Nigerians in Canada to send money back home FREE OF CHARGE. Nigerians especially, renowned for making remittances from diaspora to families and friends back home, sent in about $16.8 billion to Nigeria in 2020 alone. This…

Quick Facts About Melinda French Gates Gates's experience of a male-dominated workplace at Microsoft inspired her to encourage more women in the computing…

Polaris Bank, formerly Skye Bank, in an aggressive bid to drive their liability position in the industry has introduced a portal where all existing…

The acronym, SCUML, is an abbreviation for Special Control Unit against Money Laundering. It is a unit under the Economic and Financial Crime Commission (EFCC). Following obvious technical backend improvements in SCUML, the SCUML registration process now takes less than a month. According to Section 25 of the ML (P) Act, the SCUML certificate…

Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) are currency exchange schemes specifically set up for Nigerians traveling abroad for…

What is SONCAP? SONCAP is an acronym for Standard Organisation of Nigeria Conformity Assessment Program. It is a regulatory setup meant to cater for…

What is an e-Form 'M'? The Federal Government of Nigeria through the Federal Ministry of Finance (FMF) with its enforcement arm - the  Nigeria Customs Service (NCS) created the Form ‘M’ in a bid to monitor the safety and quality of all the items that are being imported into Nigeria, as well as enable them in the collection of due import duties.…

Cryptocurrencies, like BTC and ETH, have proven resilient, useful, and dynamic. At least, they are weathering the storms the existing economic setup is posing…

Commercial deposit banks charge on every service rendered, as it should be. However, over time, this has plagued the experiences of their customers as some…

The Corporate Affairs Commission, CAC, announced the registration of businesses and corporates via their new robust portal on January 12th 2021. End-to-end, everything will now be done online via the Corporate Affairs Commission (CAC) Website. This means individuals and businesses can now complete the entire process of registering their companies…