Money and Finance

What Is Fuel Subsidy?
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2023 Elections, Money and Finance

What Is Fuel Subsidy?

I don't think many Nigerians have taken the time to truly understand what fuel subsidy is, why it is important, and why fuel subsidy needs to be removed. If you are wondering what fuel subsidy is, you have come to the right place. Nigeria has crude oil reserves, not fuel. The government exports crude oil to countries like India because we don't have a properly functioning refinery. Without a refinery, we have to buy the finished fuel product from those who refine it. Photo by Lloyd Freeman I will break down fuel subsidies for you and explain why there is always drama and chaos whenever any government administration mentions the term 'fuel subsidy'. What Is Fuel Subsidy, And What Is The Government Subsidising? Fuel subsidy refers to a policy where the government covers a port...
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Money and Finance, Revamp Tech

Who Is The Owner Of The MTN?

MTN is not owned by one person. However, like many public investment cooperations, the owner of MTN would be the person with the largest share in the company. In terms of shareholding, Nigerian billionaire Victor Odili is the largest individual shareholder of MTN Nigeria, which makes him the owner. Read further if you want to know the owner of MTN company in other African countries, including Uganda and South Africa. We also have a list of Nigerian billionaires and other Nigerians with billions of Naira worth of shares in MTN telecommunications company. MTN Group Limited is a South African multinational mobile telecommunications company. The largest shareholder of MTN Group is Public Investment Corporation (PIC), a South African government-owned investment management company, with...
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Money and Finance

Ways To Improve Omnichannel Customer Experience

Omnichannel customer experience helps business owners create a consistent customer experience across every platform. It is a wholesome solution for ensuring customers and consumers have a positive experience on every platform they interact with your brand. Source: Pixabay With social media, search engines and other media channels, today's consumers are more connected than ever. According to a survey carried out in 2021, over 4.8 billion people use social media, with the average user accessing around 6.6 social media platforms monthly. In an omnichannel customer experience, the important interactions between a business and customers (the touchpoints) are distributed across various channels. Source: Pixabay These channels are also synchronized so that customers can continue a...
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Money and Finance, Revamp

Top 5 cryptocurrency trends to expect in 2023

The first half of 2022 has been terrible for the crypto market. Two of the most notable cryptocurrencies (Bitcoin and Ethereum) lost over 50% of their all-time highs in late 2021. Regulatory bodies are swinging into action to minimise risk for investors because of emerging cryptocurrencies.  Photo by David McBee Governments are also seeking ways to capitalise on cryptocurrency and curb cyber crimes surrounding cryptocurrency. Lawmakers in Washington D.C. are putting efforts into figuring out how to establish laws and guidelines to make cryptocurrency safer for investors. With these in mind, here are the top 5 cryptocurrency trends to look out for in 2023. Some of the cryptocurrency trends to expect in 2023 are: Governments Introducing Their Cryptocurrency Cryptocur...
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