Archives Tag: economy
Did You Know? Nigeria Imports Its Stock Fish From Norway
April 19, 2022
Nigeria isn’t in want of waterbodies inhabited by vast numbers of fish. The Atlantic coastline teems with hundreds of millions of them; the rivers and lakes further inland are home to significantly large stocks as well; and there are the ever popular fish farms, which make huge gains from bridging the gap in the supply … Continue reading Did You Know? Nigeria Imports Its Stock Fish From Norway
Nigeria’s Gig Economy
April 19, 2022
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
April 19, 2022
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
Did You Know…? Nigeria’s Market for Biscuits Is Worth Over ₦100 Billion
April 19, 2022
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
April 19, 2022
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
What To Know About Advertising Your Products in Nigeria
April 19, 2022
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
Jumia to Pause Business at Jumia Market
April 19, 2022
There is an unofficial buzz that Jumia is unifying its brand by closing Jumia Market. Jumia Market is a platform that bridges the gap between local fashion designers and their buyers earlier this year. It’s a social fashion community that gives popularity to local products. It has the same mode as Jumia mall except for its struggle to differentiate itself as a … Continue reading Jumia to Pause Business at Jumia Market
By adepeju
The National Bureau of Statistics Releases GDP Report for Q4 2016
April 19, 2022
The National Bureau of Statistics on Tuesday published its report on Nigeria’s Gross Domestic Product for the fourth quarter of 2016. The report, which summarizes the performance of the various sectors of the Nigerian economy in the last three months of the year gone by, shows a continuing but slowing decline in the nation’s economic … Continue reading The National Bureau of Statistics Releases GDP Report for Q4 2016
These States had the Highest Internally Generated Revenue In the First Half of 2016
April 19, 2022
On Wednesday, January 18, the National Bureau of Statistics (NBS) published its report on states’ Internally Generated Revenue for the first half (H1) of 2016. The report detailed revenues for 29 states of the federation which had submitted their figures to the NBS. The following are the top revenue generating states according to the report: … Continue reading These States had the Highest Internally Generated Revenue In the First Half of 2016
General Electric Plans to Invest $150 Million in Nigeria
April 19, 2022
A senior official at the American industrial giant General Electric has confirmed that the American industrial giant, General Electric, plans to invest about $150 million in development projects in Nigeria. The plan, which was alluded to by President Muhammadu Buhari in his independence anniversary speech on Saturday, will result in the maintenance and revamping of … Continue reading General Electric Plans to Invest $150 Million in Nigeria
5 Things Business Owners Need To Do In This Economy
April 19, 2022
One of the questions I have asked guests recently on my radio show, The Entrepreneur’s Journey, is “How are you responding to the current economy situation?” The answers I have received for this question have given me insight into how successful entrepreneurs who have been in business for a while think. One common thread in … Continue reading 5 Things Business Owners Need To Do In This Economy
By tale-alimi
Rice Production in Nigeria: Kebbi to the Rescue
April 19, 2022
As far as we can tell, Nigerians’ love for rice has not been destroyed by the upward spike of the commodity’s price. The plates on dining tables probably contain a smaller number of rice grains than they used to, but the cereal is still being consumed by households across the country. Rice is a staple … Continue reading Rice Production in Nigeria: Kebbi to the Rescue
Why the Price of Tomatoes Has Soared
April 19, 2022
Astronomical. Stunning. Unbelievable. Just some of the adjectives employed by Nigerians who try to describe the rise in the price of tomatoes over the past few months. Buyers have had their eyes forced wide open in shock. Then laments have followed, with the price of a basket of tomatoes being pointed to as a symbol … Continue reading Why the Price of Tomatoes Has Soared
Spinning a Revival in Nigeria’s Textile Industry
April 19, 2022
Kano is said to have had about eighteen factories with as many as 120,000 employees making material for the local and international market. Lagos had sixty such factories which engaged about 250,000.
President Buhari’s China Deal: What It Means For Nigeria
April 19, 2022
The drastic drop in the oil price has made it difficult for the Nigerian government to finance the deficit in an ambitious budget for the year 2016, without racking up more debt for the country. Nigeria’s finance minister, Kemi Adeosun, has forecasted a budget deficit of about ₦2.2 trillion ($11 billion). In a bid to … Continue reading President Buhari’s China Deal: What It Means For Nigeria
