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Business matters

10 interesting facts you should know about Nigerian currency

The term Naira was coined by Chief Obafemi Awolowo when he was the Federal Commissioner for Finance between 1967 and 1971.

Redesigned naira notes (Guardian)

The Naira is the official currency of Nigeria. We utilize the Naira every day to do almost everything but a lot of people don’t know much about it.

Lifestyle 5 easy ways to identify fake Nigerian currency

Have you even ever wondered how Naira became the registered name for Nigerian currency and when we started using it?.

If you've ever been curious about the similarity in the sound of Naira and Nigeria, then these interesting facts about the Nigerian currency will satisfy your curiosity.

1. The name Naira was coined by the late Nationalist, Chief Obafemi Awolowo when he was the Federal Commissioner for Finance. He coined Naira from Nigeria by collapsing the country name and arrived at the currency name.

2. The Naira was introduced on Monday, January 1, 1973, to replace the British pound as the official currency of Nigeria

3. As of 1973, one Naira was the major currency unit in the country.

4. Four years after the introduction of Naira, a new banknote denomination of the value of 20 Naira was issued on Friday, February 11, 1977.

5. Twenty Naira, as a result, became the first Nigerian currency bearing the portrait of a Nigerian citizen, General Murtala Ramat Muhammad

6. On Monday, July 2, new currency notes of three denominations, namely, ( N1), (N5), and (N10) were introduced with the portraits of three eminent Nigerians.

7. Until 1991, N20 was the highest note/denomination in Nigeria.

8. In 1991, N50 was introduced and it came with two nicknames. At first, it was known as Better Life and later it became popular as WAZOBIA, a linguistic blending of the word COME in Yoruba, Hausa and Igbo Language.

9. Also in 1991, 50 kobo and N1 note were introduced.

10. Lastly, in a bid to facilitate an efficient payments system, the N100, N200, N500, N1000 were introduced in December 1999, November 2000, April 2001 and October 2005 respectively .

Stay tuned for more lastes information 

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Business Conner

Top 6 richest Nigerians 

Richest people in Nigeria

• Business Insider presents 5 richest Nigerians to be featured on Forbes.
• The list contains Nigerians who’s net worth has been ascertained by Forbes. 
• The list spans the last decade. 

For anyone aspiring to be amongst the 1% of the world, the dream to be featured on a Forbes list is not a mutually exclusive aspiration.

Since 1917, Forbes has remained dedicated to celebrating high-net-worth individuals. A mention from this publication almost certainly denotes that you have attained a level of success that 99% of everyone else in the world would not.

Forbes primarily focuses on billionaires or global trendsetters who have made incredible strides in their field of focus. Unless these criteria are met, a mention from Forbes is highly unlikely.

With that said, a number of Nigerians have been mentioned by Forbes for their incredible contribution, influence, and or sacrifice to the development of their immediate environment and sometimes the world.

However, the number of Nigerians that have been featured on Forbes for the sheer magnitude of their net worth alone has not been as ample.

While it's arguable that due to a lack of proper data systems, Forbes can’t accurately list the richest people in the country, it is inarguable that Forbes chooses to feature people whose affluence cannot be disputed.

In retrospect, the list below features highly wealthy billionaires that have caught the attention of Forbes. Below is a list of the 5 richest Nigerians that have been featured on Forbes in the past decade.

Aliko Dangote: Aliko Dangote is a recurring character on the Forbes list as he continues to be featured by the publication each year. His current net worth stands at $12.1 billion according to Forbes's latest updates, earning him the title of Africa’s richest man. He is a major player in the cement and sugar African industry.

 Dangote Forbes cover

Abdul Samad Rabiu: This cement tycoon is one of the more grounded billionaires in Africa, as he is hardly on the news. However, his net worth is not as easily concealable. He is currently worth $6.5 billion, and like Dangote is into the cement and sugar business

 Rabiu Forbes cover

Mike Adenuga: Yet another Nigerian whose wealth is undisputable, Mike Adenuga continues to find his way into the Forbes list each year. His current net worth is $5.8 billion. His dealings are in oil and telecommunication, having founded the Glo network, one of Nigeria’s four major mobile service providers.

 Adenuga

Femi Otedola: It's been years since Femi was profiled by Forbes, but back in 2016, the publication listed his net worth at 1.8 billion. His wealth stems from oil, being the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company.

-Otedola-on-Forbes-cover

Folorunsho Alakija: She is the vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Forbes last profiled her in 2020, where she was estimated to be worth $1 billion.

 Alakija Forbes cover

Tony Elumelu: Listed in 2015 as being worth 700 million, Tony Elumelu is a dynamic businessman with a lot of global acclaim. He is an entrepreneur and philanthropist who owns a controlling interest in Transcorp, a publicly traded Nigerian conglomerate with interests in hospitality, agriculture, oil production and power generation.

Health matters

When Should A Pregnant Woman Stop Having Regular Intercourse With Her Partner?

Do you know there are situations in which a pregnant woman is supposed to stop having sexual relations with her partner? A woman's and her unborn child's health are both best served by abstinence even when copulation has no effect on pregnancy or causes no complications in most cases.

In light of a recent post on WebMD, we will examine the topic of when a pregnant woman should stop having sexual relations with her patner.

At What Point Should a Pregnant Woman Stop Coupling?

1. Experts disagree on whether or not it's safe for a pregnant woman to have a sexual relationship in the last few weeks of her pregnancy. The prostaglandins in the sperm are thought to encourage contractions, which could lead to labor starting too early. Thus, it is recommended that women refrain from copulation within that time frame so as to not bring on labor too early.

2. Staying away from copulation for a while may also be recommended if you are expecting triplets or twins.

3. If the mother has a history of miscarriages or is at risk for another one, she should probably wait to have sexual relations until the baby is full-term or the due date has passed. This is because women who are predisposed to miscarriage tend to experience one at the first sign of trouble.

4. Copulation should be put on hold if there is any bleeding or discharge that is accompanied by pain or cramps for which there is no obvious cause.

5. In addition, if your cervix has opened earlier than usual, you should delay copulation for a while to prevent more issues.

politics

POLITICS

2023 presidency: Kwankwaso denies stepping down for Atiku

With a few months to the February presidential election, the New Nigeria Peoples Party, NNPP, presidential candidate, Rabiu Kwankwaso, has reacted to insinuations that he stepped down from the race.

Kwankwaso said he has not stepped down for the Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar.

He disclosed this during a meeting with the Nigeria Guilds of Editors, NGE, in Lagos.

Kwankwaso explained that he would not have left PDP if he would step down for Atiku only a few months to the presidential election.

“Some people are saying that I am stepping down for Atiku; why then did I leave the party? These are the issues; you see the problem with that party was that there are so many people who believed that they are highly privileged.

“In a democracy, people are free to follow any political party, you cannot sit there and start dictating that I like this one, or you do not like the other one.”

The NNPP candidate said his ideology and experience is different from his opponents which can be traced back to when he was a governor in Kano State.

health matters

Factors That Make Women Feel Pain During Sex

The female body is unique and has its own set of needs and sensitivities that women need to be aware of. Women are more likely to feel pain during physical intimacy because of factors that make them more sensitive.

According to Healthline, one of the causes of female pain during physical intimacy is not being able to relax. Women tend to tense up and hold their breath, which can cause pain and muscle tension. It can also lead to a woman feeling numbness or pain in her pelvis.

Another cause of female pain during physical intimacy is that women's physical reproductive organs are often located outside of their bodies, which makes it harder for them to relax.

Women's reproductive organs are typically located below the pubic bone, which puts pressure on the pubic bone and can lead to pain. Another reason why women feel pain during physical intimacy is that their genitalia is dry.

Vaginal dryness can be caused by many things, including childbirth, menopause, and even hormonal changes during the menstrual cycle.

Other causes of vaginal dryness include problems with the blood vessels in the genitalia and low estrogen levels. Some factors, such as the woman's anatomy, can contribute to the pain.

For example, if a woman has a tight uterus, the reproductive organs can be pushed against the vaginal walls and cause pain. Women who have experienced abuse, trauma, and other medical conditions are likely to also feel pain during physical intimacy.

One of the ways to prevent pain during physical intimacy is by performing Kegel exercises. Women are more likely to have nerve endings in the labia. These nerve endings can make physical intimacy more uncomfortable for them.

Women also have more pain receptors in the genitalia, which can make them feel pain during physical intimacy. Women also tend to have a high percentage of nerve fibers in the pelvic area, which can also make physical intimacy painful for them.

Wearing tight or ill-fitting underwear can also cause a woman to feel pain during physical intimacy. Some women experience vaginismus, which is an involuntary contraction of the muscles surrounding the genitalia. This can make them feel pain.

Pain during physical intimacy can also be a sign of an infection. If this pain keeps happening for a long time, you need to discuss your reproductive health with your doctor. Your doctor may recommend some things for you to do.