Central Bank of Nigeria Extends Forex Purchase Deadline for BDCs to May 30
The Central Bank of Nigeria extends forex purchase deadline for Bureau de Change (BDC) operators to acquire foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM) to May 30, 2025. Initially, in December 2024, the CBN had granted BDCs temporary permission to purchase up to $25,000 weekly from the
How to Develop a Business Growth Strategy
In the business environment, having a well‐defined growth strategy isn’t just a luxury—it’s a necessity. Whether you’re a startup or an established enterprise, understanding how to develop a business growth strategy can help you stay competitive, optimize resources, and drive long‑term success. In this article, we’ll cover the fundamentals of
What is an exit strategy in a business plan
In business, having a clear exit strategy is as important as outlining the business model itself. Whether you’re a startup founder, an investor, or a family business owner, understanding the intricacies of exit planning can help secure your financial future and ensure a smooth transition when the time comes to
What is Tax Equity Financing?
Tax equity financing is a specialized funding mechanism that enables developers to monetize tax benefits associated with certain projects, particularly in the renewable energy sector. By partnering with investors seeking to offset their tax liabilities, developers can secure capital to finance projects that might otherwise be financially unfeasible. What is
Nigeria launches AI-powered ‘Service-Wise GPT’ to transform public service
Nigeria has recently unveiled “Service-Wise GPT,” an AI-driven assistant aimed at revolutionizing public service delivery. Introduced by the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, during the Global Government Summit 2025 in Singapore, this tool is designed to streamline access to essential governance documents, including
HR software company, Bento to pause transactions as CEO resigns
Nigerian HR software company, Bento Africa has temporarily halted its operations following the resignation of its co-founder and CEO, Ebunoluwa Okunbanjo. In a recent email to investors, Okunbanjo announced his departure, expressing intentions to pursue a new venture with Ada AI, an artificial intelligence-driven sales assistant. This leadership change occurs