Trump Tariffs: How Nigerian SMEs Can Use the AfCFTA to Weather an Economic Storm
The tariffs recently imposed on international goods by the United States have sparked fears of a slowdown in global trade. Nigeria, which has been hit with a 14% tax on its exports to the US, is bound to be affected by such a development. At this stage, businesses all over the world are bracing […]
How US President Trump’s Tariffs Could Affect Nigeria’s Economy
The Nigerian economy, already reeling from the impact of sky-high inflation and unstable exchange rates, may be about to face more challenges. The fallout from US President Donald Trump’s tariffs—especially the ones that directly apply to Nigeria and other countries –could be significant. Read more about Business Most Nigerians will see America’s tariffs as […]
What to Expect from the Nigerian Economy in 2025
The past year was a trying period for most Nigerians. Inflation was rampant, businesses struggled, and consumption stagnated. Most have come into the New Year hoping that it’ll be much better. While it’s difficult to tell how things will shape up, we can at least come up with projections based on current realities. That’s […]
Simple Guide to Understanding Interest Rates in Nigeria
Interest rates are important to any nation’s economic framework. It affects personal finances, business operations, and the overall economy. This is also true in Nigeria. However, not many understand how interest rates are determined. For many, interest rates are arbitrarily determined by individual banks. But nothing can be farther from the truth than that. […]
How To Start a Business Amid Economic Hardship
Nigeria, like many countries, has faced its share of economic hardships, characterized by inflation, currency fluctuations, and unemployment, making the idea of starting a business during such times appear risky. However, history has shown that some of the most successful businesses were born out of adversity. In this article, I’ll try to convince you […]
Navigating Economic Fluctuations and Ensuring Long-Term Success
The economy is prone to tides of prosperity and waves of uncertainty. With inflation rising and recessionary whispers swirling, it’s no wonder many feel anxious about the future. But fear not, for even in turbulent waters, savvy navigation can ensure a safe passage to long-term success. Here are some key strategies to guide you […]
How to Make Your Business Withstand Tough Economic Times
In times of economic turbulence and uncertainty (such as the present moment), businesses face numerous challenges that can test their resilience and viability. The ability to withstand tough operating conditions is a skill that all entrepreneurs should have. After all, downturns are a fixture of economic cycles. If you implement the right strategies, you […]
Central Bank of Nigeria (CBN) Refutes Claims of Naira Devaluation
In a recent development, the Central Bank of Nigeria (CBN) has vehemently denied the circulating news that it has devalued the Nigerian naira. Speculations had been rampant, claiming that the official exchange rate of 465 Naira to a dollar had been revised to a concerning 630 naira to a dollar. However, the CBN has come […]
The Role of Nigerian Workers in Building the Economy
Workers’ Day is a special day set aside to honour and appreciate the contributions of workers to the growth and development of any economy. In Nigeria, the celebration of Workers’ Day, also known as May Day, is an opportunity to recognize the vital role of Nigerian workers in building a stronger and more prosperous […]
Workers’ Day: The Future of Work in Nigeria
Workers’ Day in Nigeria is celebrated annually on May 1st. It is a public holiday that recognizes the contributions of Nigerian workers to the nation’s growth and development. The day provides an opportunity for workers to reflect on their achievements and to advocate for their rights and welfare. In Nigeria, Workers’ Day focuses on […]
How Can Nigeria Recover From Its Debt Crisis?
Nigeria is facing a debt crisis due to several factors, including low oil prices, economic mismanagement, and corruption. The country’s debt-to-GDP ratio has reached an unsustainable level, and the government is struggling to meet its debt obligations. In order to recover from this crisis, the Nigerian government will need to implement a combination of […]
How Nigeria Can Boost Her Economy Through Agronomic Policies
Nigeria, the largest economy in Africa, has great potential for growth and development through the implementation of agronomic policies. However, the country remains the poverty capital of the world with over 130 million people facing multidimensional poverty. Nigeria is in the grim reaper of a strangulating recession but can redeem herself via the untapped […]
Advantages Of A Cashless Economy
Several years back, it was difficult to convince people to limit the amount of cash they carried around. There were also reservations as to the efficacy of the cashless system. However, right now, we are typically running a cashless society. Although a few people remain resistant to this change, we can’t be far from the […]
The Nigerian Who Helped Build East Asia’s Economy: Kalu Idika Kalu
In the face of Nigeria’s economic woes, history beckons us to look to the advanced nations whose economies are enviable and study how they did it. Over the years we have always admired the Asian Tigers of Hong Kong, Singapore, South Korea, and Taiwan. However, it has not been brought to the mainstream that […]
Everything You Should Know About Foreign Exchange
Previously, Foreign exchange was just a concept for governments, large companies, and hedge funds, however, in today’s world, foreign exchange has become so accessible to everyone as many investment companies now offer the chance for individuals to open accounts and trade currencies anytime they choose. Read more about Finance Foreign exchange is the conversion or […]
4 Money Lessons From Pastor Sam Adeyemi That Will Transform Your Life
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 […]