Inflation is a common topic in the news and in economic reports, but in essence, it is just a sustained increase in the price of goods and services over time. As inflation goes up, the value of the same amount of...
Nigeria is an active member of the economic community on the African and global stage, a position it has built over the years through its large population, rich natural resources, and developing business environment. Among the many issues that Nigeria’s economy...
Nigeria is an influential economy in Africa, which is at times reported to be the largest in terms of population, natural resources, and market size. As a country which produces large amounts of oil and also has a young, dynamic population,...
Nigeria, also known as the Giant of Africa, plays a large role in global trade because of its rich natural resources and strategic location in West Africa. As the continent’s largest economy and a petrostate, it produces a great deal of...
The Evolution of Money in the Digital Age In the past few decades, people’s relationship with money has transformed. Before, that which was money was what you held in your hand—coins, paper bills, or perhaps a check in a wallet. Now,...
Introduction: Why Government Matters in the Economy The government’s role in the economy is very present, although many only notice it when things go south. At price increases, job diminution, or business struggle, we see a rush to judge what the...
Why Fuel Prices Matter Fuel issues are a topic which people may not give much thought to until we see the numbers go up. Also, what they do is play a role in many aspects of our lives which we may...
Understanding the Impact of Unemployment Unemployment is a primary issue in today’s world, which we see to go beyond the basic concept of people without work; it is a result of in-depth economic, social, and structural issues within a country. When...
The Vital Role of Small Businesses Small businesses are said to be the foundation of any economy, which is a true statement. Although large companies get the most press and attention from the public, it is the small businesses which, in...
Why Exchange Rates Matter More Than You Think Exchange rates may just seem out of the average individual’s concern, but in fact, they at large play a role in everyday life in more than what people think. You may not see...
If at any point you have gone into a market or looked at an online store to see that prices have gone up from what they used to be, you have experienced inflation. It is a topic which comes up a...
