Two major Nigerian banks, UBA and Wema Bank, have announced the return of international transactions on their naira debit cards. This development marks a significant shift after about three years of suspension due to foreign exchange scarcity.

UBA stated that all their Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for global payments. Customers can use these cards for online shopping, POS, ATM withdrawals, and other international transactions with greater ease.

Similarly, Wema Bank highlighted that customers can now pay in dollars on popular platforms like Amazon, eBay, Netflix, and Spotify. The move is supported by improved liquidity in the FX market and increased diaspora remittances, boosting confidence in Nigeria's foreign exchange management.

Experts believe this shift reflects Nigeria's improving economic conditions and the easing of FX restrictions, which had previously hindered international banking activities for Nigerians.

Nigerian Banks Resume International Transactions On Naira Cards

Nigeria Banks Resume International Transactions on Naira Cards After Years of Suspension

This proposal outlines a sustainable plan to boost Ondo's coastal communities through fish processing and the Blue Economy. By establishing local processing hubs—featuring modern smoking kilns, packaging centers, and cold storage—we can create over 150 jobs, especially for youth and women.

The initiative focuses on adding value to fish caught in Ilaje, Mahin, Aiyetoro, and Ese-Odo. It promotes community-led cooperatives where fishers contribute their catch and share profits after processing. Training in hygiene, branding, and logistics will empower local youth to manage and expand the network.

Starting with a few pilot hubs in key locations, the model is scalable across Ondo. It encourages government support, investments from private and diaspora groups, and collaboration with NGOs. This approach aims to turn Ondo’s coastline into a hub of sustainable economic activity, reducing unemployment and fostering local enterprise.

Empowering Ondo Via Fish Processing & Blue Economy

Harnessing the Blue Economy to Create Jobs and Prosperity in Ondo State

This analysis examines the rising economic tensions between Japan and the United States. Washington is pressuring Tokyo to increase interest rates, which could deepen Japan's economic struggles. The discussion highlights Toyota's significant $1.3 billion loss and Japan’s high debt-to-GDP ratio as signs of ongoing challenges.

The video also explores Japan’s strategic moves, including potential expansion of the CPTPP trade agreement with China and Taiwan. It considers how these shifts may impact global trade, US bond sales, and foreign investment trends. The decision by Japan to reject US demands could have far-reaching effects on international markets, alliances, and Pacific trade dynamics.

Stay informed on these critical economic developments and their implications for Nigeria and the world. Like and share to spread awareness of these pivotal shifts in global finance.

Japan Vs. US: The Financial Showdown No One Saw Coming

Japan vs. US: The Unexpected Economic Clash Shaking Global Markets

Ensuring precise measurements is crucial for businesses and laboratories across Nigeria. Regular calibration of electronic balances—whether analytical, precision, or microbalances—is essential to maintain accuracy and compliance.

Over time, balances can drift due to environmental factors, wear, or heavy use. Proper calibration helps prevent errors that can lead to financial loss, legal issues, or product inaccuracies.

This guide covers when and how to calibrate your balance, including internal and external methods. It emphasizes the importance of keeping calibration logs for traceability and regulatory compliance. Whether you're in manufacturing, research, or trade, proper calibration ensures your measurements are reliable and legally defensible.

How To Calibrate Your Balance For Precision Weighing

Mastering Balance Calibration for Accurate Weighing in Nigerian Industries

After a challenging three-year period, Nigerian bank customers holding Naira debit cards can now access global platforms and services once more. UBA and Wema Bank have officially resumed international transactions for Naira cards, opening new opportunities for individuals and businesses.

This development is a major boost for digital inclusion. It allows Nigerians to shop abroad, pay for subscriptions like Netflix and Spotify, and access international health services directly with their Naira cards. Previously, restrictions forced many to rely on dollar accounts or black-market FX sources, which were stressful and costly.

With this change, Nigerians can now enjoy seamless online shopping, digital subscriptions, and easier access to foreign medical services. It’s a positive step towards integrating Nigeria into the global digital economy and supporting local entrepreneurs and remote workers.

Naira Cards International Transactions Resume... Here's What To Expect

Naira Cards Can Now Make International Payments Again — What Nigerians Need to Know

Izunna Okafor reports that Ambassador Jude Ugochukwu Ezeokwelume, MD of Big Ballers Entertainment, has announced plans to open a new branch in Oko, Anambra State. This expansion aims to create more opportunities for local youth and boost the entertainment and hospitality sectors.

Ezeokwelume was recently honored with two awards by Free News Magazine for his contributions to youth empowerment and entrepreneurship. Despite his successful businesses abroad, he chose to invest in Nigeria, fostering local enterprise and employment.

He shared that the new Oko branch, opening this July, will uphold the high standards of his Awka location, offering free gym facilities and part-time jobs for students, especially those from Federal Polytechnic, Oko. His journey began in Japan with streetwear sales, but challenges led him to Nigeria, where he launched Big Ballers in Lagos in 2012 and expanded to Awka in 2019. He praised the improved security and business environment in Anambra, emphasizing his commitment to socio-economic development and inspiring other entrepreneurs.

Ezeokwelume’s vision extends beyond entertainment, aiming to contribute meaningfully to the growth of Anambra State and empower its youth through his ventures.

Big Ballers MD Bags Double Awards, Set To Open New Branch Near Oko Poly

Big Ballers MD Wins Double Awards and Plans New Branch in Oko to Empower Youth

Akwa Ibom State Governor, Pastor Umo Eno, officially declared the 2025 International Day of Cooperatives open at the Women Development Center, Uyo. He emphasized his administration's dedication to strengthening the cooperative sector through various initiatives.

Represented by the Head of Civil Service, Elder Effiong Essien, Governor Eno highlighted the importance of cooperatives in the state's development agenda. He praised the efforts of the Bureau of Cooperative and Rural Development and its Special Adviser, Rt. Hon. Alice Ekpenyong, for organizing the event.

The event included training sessions for cooperative field staff and aimed to promote and support cooperative societies across Akwa Ibom. The Governor urged all cooperators to participate actively to ensure the success of this celebration and the sector's growth.

Governor Eno Declares 2025 Int'l Day Of Cooperatives Open, Reaffirms Commitment

Governor Umo Eno Opens 2025 International Day of Cooperatives, Reaffirms Commitment to Sector Growth

Looking to increase your affiliate marketing reach in Nigeria? Here are ten effective platforms to share your affiliate links and attract more customers.

On social media, you can leverage YouTube by including links in your video descriptions, especially for reviews and recommendations. Instagram allows you to use your bio link and Stories to promote products, with link-in-bio tools helping organize multiple links. Facebook is great for posting affiliate links on your profile or business page to reach a wider Nigerian audience. Pinterest enables creating visually appealing pins that direct users to your affiliate products or landing pages. TikTok offers short, engaging videos where you can include your affiliate links in your profile or bio. Twitter (now X) allows sharing links within tweets and participating in relevant conversations.

Beyond social media, participate in Nigerian online forums and communities by sharing relevant affiliate links where appropriate, respecting forum rules. Medium and Reddit are also useful for engaging with niche audiences, sharing insights, and including affiliate links when relevant. If you have a website, strategically place affiliate links within your content to maximize engagement and conversions.

Utilize these platforms to grow your affiliate marketing efforts effectively within the Nigerian digital space.

10 Place To Share Your Affiliate Links For More Engagements And Customers

Top 10 Nigerian Platforms to Boost Your Affiliate Marketing Engagements

Digital marketing involves promoting products and services through digital channels such as search engines, social media, email, websites, and mobile apps. It includes strategies like content marketing, SEO, SEM, social media campaigns, email marketing, and online advertising to reach and engage customers effectively.

For Nigerian businesses, digital marketing offers a cost-effective way to expand reach beyond traditional advertising methods. With tools like data analytics and demographic targeting, companies can tailor their messages to match customer interests and behaviors, increasing engagement and conversions.

Additionally, digital marketing allows real-time campaign tracking and insights for continuous improvement. It helps build brand trust and awareness by connecting directly with customers on platforms they use daily. In Nigeria’s competitive market, digital marketing is essential for growth, visibility, and maintaining customer loyalty in a digital age.

Question: What Is Digital Marketing, And Why Is It Important For Businesses?

Understanding Digital Marketing and Its Impact on Nigerian Businesses

Benin and Togo owe Nigeria over $11 million for electricity supplied in early 2025. The Nigerian Electricity Regulatory Commission reports that these countries have made minimal or no payments for the power they received. This trend of unpaid bills threatens the stability of Nigeria's electricity market and raises questions about the sustainability of cross-border energy trade.

While some domestic companies are meeting their payment obligations, others continue to default or only partially settle their invoices. Persistent unpaid bills from both foreign and local customers highlight ongoing financial challenges within Nigeria’s power sector.

Experts warn that these defaults could undermine future energy agreements and affect the overall reliability of electricity supply in Nigeria and its neighboring countries.

Benin, Togo Owe Nigeria $11m In Electricity Debt – NERC

Nigeria Faces $11 Million Electricity Debt from Benin and Togo, Raising Concerns

Didi-omah Augustine Chinazaekpere emphasizes that real wealth is rooted in oneself, not in any geographical location. Prosperity depends on your mindset, beliefs, and actions, not on where you are physically located.

He illustrates this with biblical examples of Abraham and Isaac, showing that their prosperity was due to their faith and mindset, not their physical surroundings. Even in famine or hardship, they thrived because their wealth was internal.

The message encourages Nigerians and others to focus on personal growth and positive thinking. Your opportunities and success are determined by your attitude and belief system, regardless of Nigeria, Lagos, or any foreign land. Your true wealth is in you.

Your Wealth Is Not In Any Country But In You — Didi-omah Augustine Chinazaekpere

Your True Wealth Comes From Within, Not From Any Country

The International Monetary Fund (IMF) has concluded its 2025 Article IV Consultation with Nigeria, highlighting the country's successful economic reforms over the past two years. The IMF commended Nigeria for achieving macroeconomic stability, strengthening the banking sector, and improving the foreign exchange market.

The report notes Nigeria's efforts to build reserves, stabilize the naira, and reduce inflation. Growth is projected at 3.4% for 2025, supported by higher oil production and a robust services sector. However, the IMF warns of risks from global uncertainties, oil price fluctuations, and security challenges. It emphasizes the need for continued reforms, improved data quality, and targeted investments to sustain growth and reduce poverty.

2025 Article IV: IMF Commends Nigeria’s Economic Reforms

IMF Praises Nigeria’s Progress in Economic Reforms and Stability Efforts

On July 1, 2025, Nigeria achieved a historic milestone with the arrival of its first indigenous container vessel, M.V. Ocean Dragon, at Tin Can Island Port in Lagos. The ship carried over 350 containers, marking a significant advancement in the country's maritime industry.

During the reception, Mrs. Bernardine Ifeoma Eloka, Vice-President of Clarion Shipping, highlighted that this achievement results from a strategic collaboration among key stakeholders, including financial institutions and government agencies. The introduction of M.V. Ocean Dragon aims to address longstanding logistical challenges faced by Nigerian importers and exporters.

This vessel is designed to operate along Nigeria’s coast and serve regional routes such as Cotonou, Lome, Ghana, and Sierra Leone. There are also plans to extend services to Egypt and South Africa, boosting Nigeria’s regional trade connectivity.

Nigeria’s First Ever Indigenous Container Ship Berths Lagos

Nigeria Celebrates Its First Indigenous Container Ship Arrival at Lagos Port

Many Nigerian businesses generate profits but still struggle to survive. The core issue often lies in poor working capital management.

Working capital is the cash needed daily to keep your business running—paying salaries, restocking inventory, settling bills, and managing expenses. Even with good profits on paper, a lack of liquid cash can cause a business to fail.

Understanding and managing your working capital is crucial. This includes knowing your cash conversion cycle, maintaining a healthy current ratio, avoiding overstocking, and ensuring timely collection of receivables.

Research shows that over 65% of SMEs that close within three years had decent sales but failed due to liquidity issues, late payments, and excessive inventory. Managing cash flow effectively can make the difference between success and failure.

If you’re a student, entrepreneur, or business enthusiast, learning about working capital can help you build more resilient businesses. Share your experiences or questions—let’s grow together.

Why Many Businesses Fail Even With Profits – Working Capital Mismanagement Angle

Mastering Working Capital: The Key to Business Sustainability in Nigeria

Discover the inspiring story of Adebayo Ogunlesi, a Nigerian billionaire who has made a significant mark on the global infrastructure scene. From humble beginnings in Sagamu, Ogun State, he rose to become the owner of three major airports in the UK.

Educated at Oxford and Harvard, Ogunlesi built a successful career in law and finance before founding Global Infrastructure Partners in 2006. Under his leadership, GIP acquired London City Airport, London Gatwick Airport, and Edinburgh Airport, earning him the nickname "the man who bought Gatwick."

Beyond airports, Ogunlesi’s influence extends into energy, rail, and high-speed infrastructure projects worldwide. His story exemplifies Nigerian success on the global stage and inspires many aspiring entrepreneurs and professionals.

Adebayo Ogunlesi: The Nigerian Billionaire Who Owns 3 Major Airports In The UK!

Adebayo Ogunlesi: Nigeria’s Billionaire Who Owns 3 Major UK Airports

Shareholders of ASO Savings and Loans Plc have expressed their confidence in the company's leadership during its 18th to 27th Annual General Meetings held virtually on June 30, 2025. The meetings saw approval of the bank’s audited financial statements from 2015 to 2024, with regulatory backing from the CBN and other authorities.

A prominent shareholder praised the transparent virtual meetings and shared optimism about the bank’s future prospects. The Managing Director, Risikatu Ladi Ahmed, highlighted key milestones such as lifting the CBN restrictions, clearing account backlogs, and securing approval for the audited accounts.

The shareholders also approved the bank’s recapitalization plan, aimed at strengthening its financial position and supporting long-term growth. The Chairman, Mr. Abdul Suleiman Kofarsauri, received commendation for strategic leadership, with confidence that ASO Savings is on track to regain its status as Nigeria’s leading mortgage bank.

ASO Savings And Loans Plc's Shareholders Pass Vote Of Confidence On Board, Mgt.

ASO Savings and Loans Shareholders Show Strong Support for Management and Board

Despite long-standing ambitions for regional integration, West Africa's intra-trade remains below 10%. At WAES 2025 in Abuja, leaders emphasized that this must change. President Tinubu highlighted Nigeria's $15 billion investment plan for infrastructure to boost trade, including roads, power, and digital systems.

Key projects like the Lagos–Abidjan highway and the Pan-African Payment and Settlement System are gaining momentum. Experts stressed that integration requires shared identity and digital recognition to unlock the informal economy.

The summit mapped out concrete solutions: customs harmonization, infrastructure investment, youth-focused finance, and a connected digital ecosystem. President Tinubu urged action beyond words, calling for West Africa to become more investable, competitive, and resilient. If successful, WAES 2025 could mark a turning point for regional trade and prosperity.

West Africa Must Trade Its Way To Prosperity By Otega Ogra

West Africa's Economic Future: Trading Its Way to Prosperity

Accurate weighing is crucial for businesses and laboratories in Nigeria. Regular calibration of electronic balances ensures precision, compliance, and resource efficiency.

Environmental factors, wear and tear, and heavy usage can cause balances to drift over time. Calibration helps maintain consistent and reliable measurements, preventing costly errors in ingredient measurement, product labeling, and regulatory compliance.

Learn the basics of calibration, including internal and external methods, and when to perform them. Proper calibration logs are essential for audits and tracking long-term performance. If you're unsure about calibration procedures or weights, seek expert advice to develop a tailored calibration plan.

Remember, precision in weighing isn’t accidental—it's a result of proper calibration and diligent maintenance.

Mastering Balance Calibration for Accurate Weighing in Nigeria

In Nigeria's evolving work environment, especially with the rise of remote and hybrid setups, creating a workspace that promotes mental clarity is essential. From Lagos startups to Abuja home offices, ergonomic furniture and thoughtful design can turn chaotic spaces into hubs of focus and productivity. This article explores how investing in ergonomic chairs, sit-stand desks, and cohesive office fit-outs can improve wellbeing, reduce stress, and boost professional image.

A cluttered or uncomfortable workspace can drain mental energy and hinder performance. Conversely, ergonomic setups support better posture, reduce physical strain, and foster a calm, efficient work environment. Practical steps like decluttering, adding natural light, and choosing movement-friendly furniture can make a significant difference. Embracing these design principles helps Nigerian entrepreneurs and remote workers thrive amid modern work challenges.

Ultimately, a well-designed office isn’t just about aesthetics; it’s a strategic tool that enhances focus, confidence, and innovation. As more Nigerian professionals prioritize workspace wellness, they create spaces that support both personal wellbeing and business success.

From Chaos To Calm: Designing Office Spaces That Prioritise Mental Clarity

Transforming Nigerian Workspaces: How Ergonomic Design Enhances Focus and Wellness

Selecting the right industrial balance is crucial for ensuring precision, efficiency, and compliance in Nigerian factories, labs, and production lines.

This guide highlights key features to look for, including high precision and capacity, rugged build quality, easy calibration, data connectivity, and user-friendly operation. These factors help you choose equipment that fits your specific needs and environment.

Whether upgrading existing equipment or sourcing new balances, making informed decisions saves time, money, and enhances overall productivity. If you're unsure which balance suits your operation, feel free to reach out for expert advice. The right tools are vital for driving your industrial success in Nigeria.

Top Features Industrial Buyers Should Look For In A Balance

Essential Features to Consider When Choosing Industrial Balances in Nigeria

Governor Umo Eno of Akwa Ibom State has officially declared the 2025 International Day of Cooperatives open at the Women Development Center in Uyo. During the opening ceremony on July 3, he emphasized his administration's dedication to strengthening the cooperative sector through various initiatives.

Represented by the Head of Civil Service, Elder Effiong Essien, the Governor praised the efforts of the Bureau of Cooperative and Rural Development, led by Rt. Hon. Alice Ekpenyong, for organizing the event. He highlighted the importance of cooperatives in the state's development agenda and urged all stakeholders to work together to realize the sector's full potential.

Rt. Hon. Alice Ekpenyong expressed her gratitude to the Governor for his support and encouraged cooperative members to actively participate throughout the celebration. The first day included training sessions for cooperative field staff, aimed at enhancing their skills and promoting cooperative growth across Akwa Ibom.

As Nigeria and the global community seek renewable energy solutions, timber pellet manufacturing has become a lucrative sector in the biomass industry. Whether you're an investor, a feed mill operator, or an energy company, choosing the right timber pellet press is crucial for efficient production.

This comprehensive guide explains the factors that influence the cost of timber pellet presses, including different types, capacity ranges, and automation levels. It also offers tips on selecting the best equipment tailored to your needs and budget, whether for small-scale or industrial operations.

Learn about the key features to consider, what’s typically included in the price, and how a full pellet production line can be assembled. This information helps Nigerian businesses make informed decisions and invest wisely in biomass pellet technology.

Timber Pellet Press  Rate: What You  Required To Know Before Buying

Complete Guide to Timber Pellet Press Pricing and Selection in Nigeria

Hello everyone,

I recently launched a wholesale business selling baby and women essentials, including diapers, sanitary pads, tissues, toothpaste, and more. I am considering expanding my product range to include air fresheners, dish soaps, perfumes, and sprays.

I invested about 2.7 million Naira into this venture, and the market has been doing well since I started. However, I am unsure about the best way to take profits from my business without harming its growth. Initially, I thought of taking 5% of weekly sales, but I worry it may not be sustainable. Alternatively, I considered removing 8-10% of monthly sales as profit, but I am uncertain if that's a good long-term strategy.

So far, I haven't withdrawn any money from the business. I am reaching out to the business gurus and experienced entrepreneurs here for advice. If anyone has a better profit-taking plan or system, I would be grateful for your guidance.

How To Take Profit From My Business

Effective Strategies to Maximize Profits from My Baby & Women Essentials Business

As inflation drives up electricity bills and food prices, many Nigerians are seeking alternative ways to support their finances. One increasingly popular method is gift card conversion.

Gift cards from abroad, often given by family or friends, can't be used directly in Nigeria. However, with the right platforms, these cards can be exchanged easily. The proceeds help manage everyday expenses like bills, transport, and other essentials.

This trend is gaining popularity due to its low entry barriers, quick transaction times, and flexibility. Many platforms offer rewards, points, and additional perks for regular users, making it a practical financial tool during tough economic times.

When choosing a platform, users prioritize transparency, good customer support, variety of supported cards (like Amazon, Steam, iTunes), and extra features such as referral bonuses or lucky draws. While it may not replace full income, gift card trading has become a reliable support system for many Nigerians facing economic pressure.

If you've tried this method or have tips to share, your experiences are welcome. Those exploring flexible financial options can join the discussion to learn more.

Gift Cards: A Quiet Tool Nigerians Are Using To Manage Inflation

How Nigerians Are Using Gift Cards to Combat Inflation

This devotional offers practical guidance on building diverse streams of income to secure your financial future. Drawing from biblical principles and real-world examples, it encourages believers to seek divine wisdom, develop skills, and explore various investment opportunities.

The message emphasizes that wealth creation should be done with integrity and purpose, honoring God. It highlights different avenues such as business ventures, side hustles, skills-based services, investments, and digital income tools. Practical tips and encouragement are provided to help you start small, stay disciplined, and partner with others for greater impact.

Remember, your future is not limited to a paycheck. Trust God as your ultimate Source, develop your talents, and take action with faith. Your efforts can bring blessings to your generation and glorify God.

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Nigeria Faces $11 Million Electricity Debt from Benin and Togo, Raising Concerns

Naira Cards Can Now Make International Payments Again — What Nigerians Need to Know

Effective Strategies to Maximize Profits from My Baby & Women Essentials Business

Nigeria Banks Resume International Transactions on Naira Cards After Years of Suspension

Complete Guide to Timber Pellet Press Pricing and Selection in Nigeria

Governor Umo Eno Opens 2025 International Day of Cooperatives, Reaffirms Commitment to Sector Growth

Governor Umo Eno Opens 2025 International Day of Cooperatives, Reaffirms Commitment to Sector Growth

Your True Wealth Comes From Within, Not From Any Country

Understanding Digital Marketing and Its Impact on Nigerian Businesses

Top 10 Nigerian Platforms to Boost Your Affiliate Marketing Engagements

Harnessing the Blue Economy to Create Jobs and Prosperity in Ondo State

Adebayo Ogunlesi: Nigeria’s Billionaire Who Owns 3 Major UK Airports

Nigeria Celebrates Its First Indigenous Container Ship Arrival at Lagos Port

Essential Features to Consider When Choosing Industrial Balances in Nigeria

Mastering Balance Calibration for Accurate Weighing in Nigeria

Big Ballers MD Wins Double Awards and Plans New Branch in Oko to Empower Youth

Mastering Working Capital: The Key to Business Sustainability in Nigeria

Transforming Nigerian Workspaces: How Ergonomic Design Enhances Focus and Wellness

How Nigerians Are Using Gift Cards to Combat Inflation

IMF Praises Nigeria’s Progress in Economic Reforms and Stability Efforts

ASO Savings and Loans Shareholders Show Strong Support for Management and Board

Mastering Multiple Income Streams for Financial Freedom

Japan vs. US: The Unexpected Economic Clash Shaking Global Markets

West Africa's Economic Future: Trading Its Way to Prosperity

Mastering Balance Calibration for Accurate Weighing in Nigerian Industries

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