Latest News & Updates
4 Money Lessons From Pastor Sam Adeyemi That Will Transform Your Life
30th April 2022
For the past few years, I have been following one of Nigeria’s finest thinkers, Pastor Sam Adeyemi. Pastor Sam Adeyemi is a Senior Pastor and founder of the Daystar Christian Centre, Lagos, Nigeria. He is also an author of multiple publications. He is also a renowned motivational speaker and has been recognized by Forbes … Continue reading 4 Money Lessons From Pastor Sam Adeyemi That Will Transform Your Life
How To Increase Your Net Worth
27th April 2022
Net worth can be defined as the total of all you own when your liabilities are being taken away. It helps you gauge your financial status and success. There are two kinds of net worth: Read more about Finance Liquid net worth: This is the amount of cash or assets that can be easily … Continue reading How To Increase Your Net Worth
How Will The Russia-Ukraine Conflict Affect Nigeria’s Economy?
5th March 2022
On Thursday, February 24, the long-running tensions between Russia and Ukraine descended into a full-blown war. Russian troops crossed into Ukraine, and the latter’s army mobilized to face the incoming threat. It was the start of the most violent conflict in Europe since the turn of the century. Read more about Politics Observers from across … Continue reading How Will The Russia-Ukraine Conflict Affect Nigeria’s Economy?
How One Man Industrialised Old Eastern Nigeria In The 1960s
24th February 2022
While we celebrate the likes of Dr. Nnamdi Azikiwe, Chief Obafemi Awolowo, and Alhaji Ahmadu Bello, prominent Nigerians in history have been neglected to the abyss of oblivion, despite their achievements. This group of unsung heroes is a dearth in history which in many ways is a disservice to us and these rarely celebrated … Continue reading How One Man Industrialised Old Eastern Nigeria In The 1960s
The Naira Is Weak But Not For The Reasons You Think
23rd July 2021
It is a given now that most Nigerians agree that the Naira is weak. Some use other incendiary adjectives to describe its weakness but that is beside the point of this article anyway. Read more about Economy The truth is, while our Naira is weak and gets weaker with each passing day, the reasons … Continue reading The Naira Is Weak But Not For The Reasons You Think
The Secret To Dangote’s Wealth
12th July 2021
A multi-billionaire and business tycoon, Aliko Dangote is the wealthiest person in Africa with a net worth of about $11.1bn as of May 2021. Aged 64, he was born in Kano on the 10th of April and is the founder and leader of the Dangote Group. Although from a well-to-do background, Dangote did not have … Continue reading The Secret To Dangote’s Wealth
Saving In Nigeria Makes You Broke!
Saving is a much-celebrated financial principle in the economic world and all and sundry are encouraged to save their hard-earned cash in a bank for safekeeping. These principles are not bad in themselves because saving in a bank for one thing allows one to have the ability to easily access cash in the case of … Continue reading Saving In Nigeria Makes You Broke!
AfCFTA: Will The Land Border Be Opened By January?
12th December 2020
Less than a month to the African Continental Free Trade Agreement (AfCFTA) going into full swing on January 1st, there have been concerns that the Federal Government may still not reopen the land borders which has been closed for 16 months. Read more about Business Even after Nigeria ratified its membership of the African … Continue reading AfCFTA: Will The Land Border Be Opened By January?
Did You Know? Nigeria is Africa’s Second Largest Producer of Onions
2nd September 2020
Onions feature in a wide variety of meals consumed in Nigeria. They are present in stews and soups, grilled meat preparations, and even in snacks. Without them, much of our culinary delights would lack their characteristic taste. Read more about Business Nigeria produces a lot of this vegetable. Each year, about 1.4 million tonnes of … Continue reading Did You Know? Nigeria is Africa’s Second Largest Producer of Onions
Fact Check: Is Nigeria Ceding Its Sovereignty With Chinese Loans?
11th August 2020
It is a fact that no China-related loan agreements have been publicly shared by the incumbent government, ever since the Jonathan administration ended in 2015. The opaque nature of these loans and the alleged kickbacks which government officials have once been accused of taking from companies such as China’s EXIM, CCECC and so on … Continue reading Fact Check: Is Nigeria Ceding Its Sovereignty With Chinese Loans?
Micro, Small, And Medium-Sized Enterprises Day 2020
27th June 2020
Every year, the world marks June 27 as its Micro, Small, and Medium Enterprises Day. It was introduced by the United Nations In 2017 when it resolved to recognize MSMEs for powering the global economy. Small businesses are important. They employ up to 70% of the global workforce and contribute half its GDP. Nine out … Continue reading Micro, Small, And Medium-Sized Enterprises Day 2020
Critical 10-Point Opportunities For Nigeria In Covid-19
28th May 2020
It is no longer in doubt to anyone that the Covid-19 pandemic has caused a grave devastation of many economies, and disrupted the way nations, their citizens, and businesses conduct their affairs. Several media talks, meetings, discussions, seminars, and conferences have been held and are still being held (online and offline) in dimensioning the scope … Continue reading Critical 10-Point Opportunities For Nigeria In Covid-19
What Do Negative Oil Prices Mean for Nigeria’s Economy?
21st April 2020
On Monday, April 20th, the world watched history unfold with dropped jaws: crude oil sold for below $0. If this doesn’t make sense to you, you’re not alone. Not many people understand how a thing could sell for minus $40, as a barrel of crude did at some point during the day. In practical terms, … Continue reading What Do Negative Oil Prices Mean for Nigeria’s Economy?
What the Increase in Nigeria’s VAT Could Mean for Businesses
12th September 2019
On Wednesday 12 September, Nigeria’s Federal Executive Council agreed to have the value added tax (VAT) on goods raised from 5% to 7.5%. It’s widely understood that the rate hike is intended to fund the recently approved minimum wage, which has been revised upward from ₦18,000 to ₦30,000. The approval comes months after economic analysts … Continue reading What the Increase in Nigeria’s VAT Could Mean for Businesses
You Could Win ₦10 Million at the NES #25 Startups Pitching Event
21st August 2019
If you’re part of a startup team and you’d like to get some funding to scale things up, here’s your chance to make it happen. The Nigerian Economic Summit Group (NESG) is organizing a pitching event for early-stage startups, which should see the winning team clinch a grand prize of ₦10 million. The NES #25 … Continue reading You Could Win ₦10 Million at the NES #25 Startups Pitching Event
Did You Know? Lagos Is The Most Populous City In Africa
25th April 2018
The City of Lagos, called Eko by the Yorubas, is one also one of the 36 states of Nigeria. The city used to be the capital of Nigeria before it was moved to Abuja. Along with being the most populous city in Nigeria, it doubles as the most populous in Africa, outranking Cairo in 2012. The … Continue reading Did You Know? Lagos Is The Most Populous City In Africa
Nigeria’s Gig Economy
16th April 2018
Young Nigerians, for the most part, are still clinging tightly to the notion that they’re better off working 9-5 jobs than doing their own thing. The evidence for this is present in the flood of applications for a handful of vacancies at the bigger companies, and the smaller but not insignificant numbers of job hopefuls … Continue reading Nigeria’s Gig Economy
The Jobs Of The Future
3rd April 2018
Wouldn’t it be nice if we were able to peer into the future, say thirty or fifty years from now, and see what jobs will be hot? Dwindling Jobs I suspect that if we could do this, we might get more than a few shocks. Some of the really big jobs today will have been … Continue reading The Jobs Of The Future
Throwback Thursday: GT Bank Listed On London Stock Exchange
15th March 2018
On 26 July 2007, Guaranty Trust Bank became the first African bank to be listed on the London Stock Exchange (LSE). An Age of International Significance This event, which made it possible for the bank’s shares to be traded at the United Kingdom’s premier bourse, thrust the Nigerian banking sector into the global limelight. For … Continue reading Throwback Thursday: GT Bank Listed On London Stock Exchange
Did You Know…? Nigeria’s Market for Biscuits Is Worth Over ₦100 Billion
13th March 2018
Far from being just variably shaped baked flour snacks we keep our mouths busy with, biscuits are the bedrock of an industry that’s worth billions – and growing. A widely quoted report published in 2017 by the global business audit and advisory firm, KPMG, suggests that Nigerians’ love for crunchy cookies and crackers has helped … Continue reading Did You Know…? Nigeria’s Market for Biscuits Is Worth Over ₦100 Billion
The NBS’ Latest GDP Report: Nigeria Steers Further Away From Recession
28th February 2018
On Tuesday, the National Bureau of Statistics (NBS), the country’s official statistics agency, released its report on the country’s economic performance for the final three months of 2017. The Gross Domestic Product (GDP) report, which also documents the growth of various economic sectors throughout the preceeding year, was made available via the NBS’s website. In … Continue reading The NBS’ Latest GDP Report: Nigeria Steers Further Away From Recession
How To Get Funding for a Start-Up
26th February 2018
Whenever people decide to embark on the journey towards entrepreneurship, one challenge which always seems to weigh them down is lack of funds. This challenge quite often stalls mental creativity. Let’s remove that barrier by addressing a few ways to raise funds for a start-up: Start with what you have One thing every investor you approach will ask … Continue reading How To Get Funding for a Start-Up
TechPoint Inspired 2.0: Nigeria’s Biggest Tech Conference Holding May 2018
23rd February 2018
TechPoint Inspired is a technology event which brings together industry leaders, tech enthusiasts, innovators and career professionals. The event creates a platform to discuss, share ideas and experiences, and explore the prevalent tech trends. It aims to shape the future of Nigeria’s tech ecosystem by inspiring the country’s upcoming generation, and is inspired by a … Continue reading TechPoint Inspired 2.0: Nigeria’s Biggest Tech Conference Holding May 2018
What To Know About Advertising Your Products in Nigeria
19th February 2018
For as long as they have existed, businesses have sought ways to reach out to their potential patronizers. The oldest were the cries and howls of merchants from their storefronts inviting the passing public to explore and purchase their products. When radio and television arrived, they presented an unprecedented opportunity for businesses to reach larger … Continue reading What To Know About Advertising Your Products in Nigeria
Nigeria Moves out of Economic Recession
5th September 2017
The Gross Domestic Product of a nation is one of the primary indicators to measure the health of a country’s economy. Nigeria’s economy has been sick for a long time, it has however for the first time in 25 years made an immense improvement. It has recovered from economic recession recording a positive growth. The … Continue reading Nigeria Moves out of Economic Recession
On Reviving Nigerian Textile Industries: How Nigerian are Made-in-Nigeria Wears?
31st July 2017
Nigeria’s textile manufacturing industries have never been so much in need of a revival as now when the nation’s tailoring sphere is seeing a crop of professional designers, and made-in-Nigeria wears have begun to blossom with acclaimed recognition within and beyond the country. But the question that continues to beg is, how Nigerian are made-in-Nigeria … Continue reading On Reviving Nigerian Textile Industries: How Nigerian are Made-in-Nigeria Wears?