The Nigerian naira traded as high as 790 to the dollar at the investors and exporters (I&E) window on Thursday — about 24 hours after the float of the local currency. However, the naira appreciated after hitting a record low at the FMDQ trading platform to close at 702 to the dollar. On Wednesday, the Central Bank of Nigeria announced the unification of all exchange rate markets in the country, stating that every rate quoted will be decided by the forces of demand and supply. Following the instruction of the bank, the naira depreciated to 755 per dollar but later…

Getting ahead in today’s competitive world means striving for excellence. In order to achieve excellence, a work culture of continuous improvement, innovation, and high standards must be fostered intentionally. Wiaht... Getting ahead in today's competitive world means striving for excellence. In order to achieve excellence, a work culture of continuous improvement, innovation, and high standards must be fostered intentionally. Wiaht that said, here are the key steps to building an organization of excellence. 1. Clarify your vision and values. Building a culture of excellence begins with establishing a vision. Why is that? Having a clear vision and understanding of your…

Nigeria's banking index surged 23% to a more than 20-year high on Wednesday, as investors snapped up financial firms for the second day following last week's suspension of central bank governor Godwin Emefiele, who oversaw restrictive policies. Nigeria's top 10 banking index jumped 134.8 points to 706.86 points by 1008 GMT to lift the All-share index up 1.86%. Sterling Bank gained the maximum 10% allowed on the bourse. UBA and Access Corporation climbed more than 9%. Reuters

Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build wealth. During such times of economic difficulty and uncertainty, fraudsters lure unsuspecting consumers into ‘get-rich-quick’ schemes, offering an avenue to make easy money by investing in a “lucrative” financial opportunity. Nothing beats the prospect of making easy money, and every now and again there seems…