The US is still the preeminent economic player in the world today. While other global entities are on the rise, our economy, which still runs the international markets, drives innovation, and influences financial systems across the globe. From the health of...
In the past few decades, China has risen to be a key player in global trade. We see that from home consumer electronics to large scale industrial machinery which we use all over the world are made in China or have...
Daily we see the movement of large volumes of products around the globe which make it to consumers’ hands. From the food at our disposal on the table to that in our pockets, smart phones, that is what these goods which...
In recent decades, we have seen great change in the global economic picture. Once out of the loop in terms of global trade and investment, many of these countries are now at the center of economic growth and development. We see...
Technology is at the wheel of the modern global economy. We see in smartphones and artificial intelligence, to digital payment systems and cloud computing, examples of how tech is transforming what businesses do, how we work, and how we as members...
Inflation is a term which we see often in the news reports, but it is the everyday person that feels it first. At its basic definition, inflation is the general increase over time in price of goods and services, which in...
The global economy is in a state of constant evolution due to tech change, policy decisions, geopolitical events, and what may be called the shift in consumer trends. Also, in recent years, we have seen these changes play out in a...
The present time marks a significant shift in the global economy. For some time, we have been in the wake of a global pandemic, which also brought about levels of inflation not previously seen in recent history. We are now in...
Work is transforming globally. Across the world, which is seeing the advent of new technology, shifts in economic focus, and changes in lifestyle, traditional 9-to-5 jobs are no longer the only route to a career. Many workers are now in very...
In the past few years, Nigeria’s creative sector has transformed from a mostly informal setting into what is now one of the country’s most dynamic economic players. What was, until recently, looked at mainly as entertainment is now a very large-scale...
Global issues are part of the system that ties together economies of different countries, which trade goods, services, capital, and information across borders. In the present time, no economy is a closed-off entity; what happens in one part of the world...
Northern Nigeria is a key player in the economic space of the country, contributing through its large land mass, great population, and wide array of natural and human resources. Stretching over many states that have different climates and cultures, the region...
Education is at the core of how societies progress, develop, and compete in the present world. In Nigeria, it is recognized by many as the key to long-term economic growth. From primary school to tertiary level and vocational training, education provides...
Nigeria is a large player in global trade, which is in great part due to its size, population, and natural resources. As the largest economy in Africa, it serves as a bridge between West African regional markets and also to the...
E-commerce is a term we use for the purchase of products and services over the internet. Instead of going to brick-and-mortar stores, what customers do is browse online stores’ websites or mobile apps, put what they want into a cart, and...
Small and medium-scale companies are the lifeblood of many economies, which is also true in the case of Nigeria. In cities, towns, and rural areas, they operate in many sectors, which include retail and agriculture, manufacturing, and digital services. They may...
Infrastructure is a base for any modern economy. It consists of the physical structures and services which support day-to-day life and economic action, like roads, power grids, homes, water treatment, and digital infrastructure. If infrastructure is reliable and efficient, which it...
Remote work is a model which sees employees and freelancers perform their duties outside the traditional office setting, which we see today via the use of digital tools and the internet to stay connected. In the past few years, this, which...
Urbanization is the process where we see our population leave rural areas for urban areas, which in turn causes growth of urban spaces and our way of life. It is a natural part of progress, which goes hand in hand with...
Digital economy is what we see of economic activities which are made possible by digital technologies, in particular, the internet, mobile devices, software, and data-based platforms. In other words, it is how people buy, sell, work, communicate, and create value via...
Fuel is a key issue which plays out in the operation of businesses in Nigeria. From the independent shop owner looking to minimize costs to the large-scale manufacturer which has to manage distribution networks across the nation, fuel is a basic...
Nigeria is a standout in terms of economic importance in Africa and remains so in large part due to the fact that it is a base of interest for international investors, who are on the lookout for growth in emerging markets....
Manufacturing has been a key element in economic growth for years, and in the case of Nigeria, we are seeing that role become even more preeminent today. For some time, the economy has been dominated by the crude oil industry, but...
For a long time, Nigeria’s economy has been synonymous with the oil industry. Crude oil was the mainstay, powering government revenue, trade between Nigeria and the world, and even how the nation positioned itself in the global market. That heavy dependency...
In Nigeria, what we see is a very large role played by the informal economy, which at the same time is not always reflected in official economic reports. By and large, it includes all that takes place outside the structure of...
Entrepreneurial growth in Nigeria has become a primary force in the economy, serving as a response to high levels of unemployment and a lack of formal job options. In cities and rural areas across the country, Nigerians are starting businesses in...
Nigeria is known to be a young nation at large in terms of its history, which is a fact, and also because of its large youth population. Over 40% of the Nigerian population are people below the age of 30, which...
Financial technology, also known as fintech, is the implementation of digital technologies into financial services, which we see as an improvement and automation of them. This includes the likes of mobile banking, online payments, lending platforms, and investment apps. In past...
Agriculture has played a core role in Nigeria’s economy, serving as a base for livelihoods, food supply, and national development. Although the country is known for its large oil production, farming is still a very large sector, which is also true...
An exchange rate is what you get when you compare the value of one country’s currency to that of another. In practice, it tells you, for instance, how many naira you need to buy a U.S. dollar, British pound, or euro....
