How To Increase Your Net Worth
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 […]
Why Personal Finance Should Be Taught In Schools
A great number of people leave institutions, after investing 16 to 20 years of their lives with little or no financial knowledge or investment. This is why the rat race for financial independence might continue for a long time, as the awareness of the importance of financial education is gotten later, rather than sooner. Personal […]
How Technology Boosts Nigerian Economy
Technological growth is crucial to economic growth and development, and the more advanced the technology available, the more quickly the local and global economy can improve. Advances in technologies have the potential to improve the standard of living, increase leisure time, reduce the poverty level as well as increase the capacity for developing a greater variety […]
3 Proven Channels To Create Generational Wealth
With so much desire to create generational wealth among youngsters, they have indulged in so many demonic vices such as armed robbery, internet scams and other fraudulent activities. However, there are several wealthy and affluent people who have created generational wealth legitimately. Their wealth is created and revolves around few practicable channels. However, due to […]
How Will The Russia-Ukraine Conflict Affect Nigeria’s Economy?
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 […]
Major Changes Covid 19 Brought To Business Growth
It has been over two years since the COVID 19 pandemic and it was by far one of the biggest challenges that most businesses had to tackle. Its long term impact on the economy is yet to be revealed and unfortunately, some businesses have collapsed due to the unexpected pressures endured. The COVID-19 pandemic has […]
How One Man Industrialised Old Eastern Nigeria In The 1960s
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 […]
Did You Know? The 10 Biggest Markets In Nigeria
Nigeria’s markets are vibrant and full of life. In many cases, they are the economic engines of the towns and cities they call home. The bigger ones draw in visitors from far and wide and have gained acclaim from beyond the country’s borders. Read more about Did you know? It’s a hard task telling […]
The Naira Is Weak But Not For The Reasons You Think
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 […]
Facts From The New Petroleum Industry Bill (PIB)
The controversy over the structuring of the Petroleum Industry Bill (PIB) was eventually brought to a close on Friday as the National Assembly harmonised some key figures in the bill. Read more about Economy Controversy over the percentage that should go to Host Communities became the first flashpoint weeks back as the Senate and […]
The Secret To Dangote’s Wealth
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 […]
The History And Work Around Of Recession In Nigeria
A recession is two-quarters of negative economic growth. The main metric for a nation’s economic growth is the GDP. Read more about Business The GDP, which is an acronym for Gross Domestic Product, is defined as the total monetary or market value of all the finished goods and services produced within a country’s borders in […]
How Will Nigeria’s Twitter Ban Affect Its Economy?
On Friday, June 4, Nigeria’s Minister of Information and Culture, Lai Mohammed, announced that the government was suspending the operations of Twitter in Nigeria ”indefinitely.” The ministry cited “the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence” as the reason for its move. Read more about FinTech […]
Do You Know? Nigeria’s Top 10 Agricultural Commodities
Agriculture is still the single biggest contributor to Nigeria’s Gross Domestic Product. In the first quarter of 2021, it constituted almost 22% of the country’s economic output, valued in monetary terms. Read more about Did you know? Much of what’s produced in this sector ends up on the plates of Nigerians. Subsistence and commercial […]
Analysis: Did The Food Blockade On Southern Nigeria Make Economic Sense?
Late in February, the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) imposed a blockade on the movement of food products to the south. The reason: a violent conflict between traders of northern origin and natives in Shasha, Ibadan, which had led to the destruction of property belonging to traders of northern […]
Nigeria is the World’s Biggest Producer of Yams
As one of Nigeria’s staple crops, yam features prominently in the local cuisine. Its tubers are sliced up and boiled, roasted, and fried— or pounded –and served along with a vast array of sauces. It is even an important part of the culture in certain regions of the country. Read more about Agriculture There are […]