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....
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...
Africa is at a crossroads in terms of its economic development. We see a large, growing population, great natural resource wealth, and increasing interest from the world stage, which put us in a key position to transform into a preeminent player...
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...
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...
