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...
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...
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....
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...
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....
Small businesses are the lifeblood of the Nigerian economy, out of which come street food vendors and neighborhood tailors, as well as tech-based start-ups and small-scale retailers. These are the base upon which the economic structure is built. They create jobs,...
Nigeria is the leading and very influential economy in Africa, which we also refer to as the “Giant of Africa” because of its large population, rich natural resources, and dynamic entrepreneurship. Also, it’s a key player in terms of location and...
In present times, tech startups have become the forerunners of innovation, which we see in the form of creative, tech-based solutions to our day-to-day issues. At their base, these startups are small and agile companies that use digital tools, software, and...
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,...
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...
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...
