The Micro Pension Scheme (MPS) in Nigeria is a financial initiative aimed at providing retirement benefits to workers in the informal sector, who usually have limited access to formal pension schemes. It is a unique pension scheme designed to cater to the specific needs and challenges faced by individuals...
Bulk SMS Business in Nigeria
The Bulk SMS business has emerged as a thriving and dynamic industry in Nigeria, capitalizing on the nation’s widespread mobile phone penetration and the growing demand for effective communication solutions. This sector has not only transformed the way businesses engage with their target audience but has also provided entrepreneurs...
The CPS in Nigeria
The Contributory Pension Scheme (CPS) in Nigeria was established in 2004 by the Pension Reform Act. It is a retirement savings plan designed to provide financial security for employees in the public and private sectors after their active working years. This scheme replaced the previous pay-as-you-go pension system, which...
An Overview of Pension in Nigeria
Introduction: Pension, a system intended to provide financial security and stability for retired individuals, has undergone significant transformations in Nigeria over the years. The history of pension in Nigeria reflects the colonial legacy, subsequent government interventions, and a gradual shift towards modern reforms. This article delves into the evolution...
What is Pension?
A pension is a retirement plan that provides income to individuals after they retire from their job or career. It is a form of financial arrangement where an individual or an employer contributes money into a pension fund during the individual’s working years. The contributions are then invested with...
The Internet
The Internet’s history dates back to the 1960s when it began as a research project called ARPANET by the U.S. Department of Defense’s Advanced Research Projects Agency (ARPA). It aimed to create a decentralized communication network that could survive a nuclear attack. In the 1970s, protocols like TCP/IP were...
What is an e-commerce Website?
An e-commerce website is an online platform that facilitates the buying and selling of products or services over the internet. It allows businesses to showcase their products, receive payments, and manage transactions electronically. E-commerce websites typically include features such as product listings, shopping carts, secure payment gateways, order management...