Economic inequality is a result of the uneven distribution of money, wealth, and economic chances between individuals, groups, and countries. In other words, it is the difference between the haves and the have-nots. We see this in wage gaps, property ownership,...
International players in the field of economics are key shapers of the present global economy. We see in these entities the coming together of groups of countries which, in turn, establish these institutions for the purpose of fostering cooperation, maintaining economic...
Currency values, which are in a state of change in relation to each other, are what we see in currency fluctuations. These changes play out in the foreign exchange market, which is a place where currencies trade hands constantly at the...
In the modern age, we are seeing the global energy system transform in what may be the greatest shift of our time. For over a generation, the world’s economies have looked to fossil fuel sources, which include coal, oil, and natural...
Climate change is out there mainly as an environmental issue but also as an economic one. We see that high temperatures, changes in rain patterns, more intense storms, and rising sea levels are playing a role in how people live and...
Oil has been at the core of what is important and what has influence in the world for over a century. From its use in transportation and industry to its role in global trade and manufacturing, oil plays a key role...
Wars, through which we see political aspects, human struggle, and suffering, also have large-scale economic implications. When blood is shed in some area of the world, it is from a very small pool of countries’ perspectives that we see that play...
Europe, for a very long time, has been home to some of the world’s most influential economic regions. It also happens to be the stage for some of the largest industrial economies, major financial centers, and advanced manufacturing systems the continent...
The U.S. is still the preeminent economic player in the world today. While other global powers are on the rise, the U.S. economy continues to influence international markets, drive innovation, and shape financial systems across the globe. From the strength of...
In the past few decades, China has risen to become a key player in global trade. We see that from home consumer electronics to large-scale industrial machinery used all over the world, many products are made in China or contain Chinese...
Daily, we see the movement of large volumes of products around the globe which make it into consumers’ hands. From the food on our tables to the smartphones in our pockets, these goods travel through supply chains. In normal circumstances, these...
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 technology is transforming what businesses do, how we work, and how we as members...
Inflation is a term which we see often in news reports, but it is the everyday person who feels it first. At its basic definition, inflation is the general increase over time in the prices of goods and services, which in...
The global economy is in a state of constant evolution due to technological 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....
