Economy

What Do Negative Oil Prices Mean for Nigeria’s Economy?

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,

What the Increase in Nigeria’s VAT Could Mean for Businesses

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

You Could Win ₦10 Million at the NES #25 Startups Pitching Event

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

Did You Know? Lagos Is The Most Populous City In Africa

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

Nigeria’s Gig Economy

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

The Jobs Of The Future

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

Throwback Thursday: GT Bank Listed On London Stock Exchange

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

Did You Know…? Nigeria’s Market for Biscuits Is Worth Over ₦100 Billion

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

The NBS’ Latest GDP Report: Nigeria Steers Further Away From Recession

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

How To Get Funding for a Start-Up

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

TechPoint Inspired 2.0: Nigeria’s Biggest Tech Conference Holding May 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

What To Know About Advertising Your Products in Nigeria

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.

Nigeria Moves out of Economic Recession

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

On Reviving Nigerian Textile Industries: How Nigerian are Made-in-Nigeria Wears?

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

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