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 is a great shift in the global economy. For a while, we have been in the wake of a global pandemic, which also saw the like of which we had not seen in terms of inflation. We are...
Work is transforming globally. Across the world, which is seeing the advent of new tech, shift in economic focus, and change in lifestyle, traditional 9 to 5 jobs are not the only route to a career anymore, and also many workers...
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, till recently, looked at mainly as entertainment is now a very large-scale...
Global issues of which we are a part, the systems which tie together economies of different countries which trade in goods, services, capital and information across borders. In present time no man-economy is a closed off entity; what happens in one...
Northern Nigeria is a key player in the economic space of the country, which it does so through its large land mass, great population, and wide array of natural and human resources. Which stretches over many states that have different climates...
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...
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 to browse online stores’ websites or mobile apps, put what they want into a cart,...
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...
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 we see our population leave rural for urban areas, which in turn causes growth of urban spaces and out way of life. It is a natural part of progress, which goes hand in hand with economic growth,...
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 stand out in terms of economic importance in Africa and still does in large part to the fact that it is a base of interest for international investors, which are on the look out for growth in emerging...
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 that of the oil industry. Crude oil was the mainstay, which powered government revenue, trade between Nigerians and the world, and even how we positioned ourselves in the global market. That great 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 what we see in the official economic reports. By and large, it includes all that which...
Entrepreneurial growth in Nigeria has seen that become a primary force in the economy, which also is a response to high levels of unemployment and lack of formal job options. In cities and rural areas across the country, Nigerians are starting...
Nigeria is known to be a young nation at large in terms of its history, which is a fact, and also because of the large youth population. In that which does relate to over 40% of the Nigerian population are people...
Financial technology also known as fintech is the implementation of digital technologies in to financial services which we see to be an improvement and automation of them. This includes the like of mobile banking, online payments to even lending platforms and...
Agriculture has played at the core of what makes up 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 still is a very large sector, which...
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 that for instance, how many Naira you need to buy a U.S. Dollar, British Pound, or...
Small businesses are the lifeblood of the Nigerian economy, out of which come the street food vendors and the neighborhood tailors, as well as the tech-based start-ups and small-scale retailers. These are the base upon which the economic structure is built....
