Admin Inflation, that intangible abstract power of economics, has an exponentially real and in no sense heterodox-effect on Nigerians’ everyday lives. It is an abstract thief, stealing away the buying power of the Naira and rearing its ugly head in all from market stall garri prices to economic hope attainability some unspecified tomorrow. In a nation … Read more
The Naira Exchange Rate: A Tapestry of Influences The Nigerian Naira (₦) exchange rate against other currencies, especially the world’s leading currencies such as the United States Dollar (USD), the British Pound Sterling (GBP), and the Euro (EUR), is a focal point in determining Nigeria’s economic well-being as well as its relationship with the global … Read more
A Deeper Appreciation of Diversification and Opportunities Africa’s “Giant”, Nigeria, is touting its own titan-sized economic clout of own titan-sized natural assets and rapidly burgeoning youth bulge. Nigeria once oil and gas-starved has been witnessing ultra-dramatic turnaround where diversified streams of vintage activities are being put on center-stage as drivers of growth and diversifiers. Empirical … Read more
There was euphoria at first with the blockchain technology, but prudence first to observe as the cryptocurrencies such as Bitcoin and Ethereum, its potential is much broader than the confines of electronic money, more so in Nigeria. A country beleaguered with endemic shortages of trust, efficiency, and transparency in nearly all aspects of life, Nigeria … Read more
Nigeria, a nation of such vast riches and so much potential, is a force to be reckoned with in Africa and in global economies. In order to determine its economic heartbeat and map its course, one of the most readily available indicators we have is its Gross Domestic Product, or GDP. In spite of the … Read more
Nigeria, or the “Giant of Africa,” has a peculiar make-up of its economy that is fantastically reliant on its colossal oil reserves. Its crude oil exports and production have been the cornerstones of its revenues, foreign exchange, and even sociopolitical engagements. Instability in world oil prices thus permeates a wide and calamitous impact on the … Read more
How Government Policies Transform the Nigerian Economic Space The Nigerian economy, that rough but loose horse to ride, is constantly reshaped and re-formed every day by the labyrinth of government policies. From the radiant sloganeering of budget policy to the two-faced duplicity of monetary management, government policies infuse every nook and cranny of economic existence, … Read more
Financial Literacy Deficits Straitjacketing Nigerians Nigeria, a nation with a boiling appetite for business and an unstoppable urge to catch-up, shares one pernicious but core obstacle towards Nigerians’ economic empowerment: acute deficits in financial literacy. While the majority of Nigerians possess the ability to handle routine transactions as well as informal financial undertakings, the majority … Read more
Meteoric Explosion of Mobile Loan Apps in Nigeria Nigeria, land of its vibrant inhabitants and rapid digital coverage extension, was thrown off balance by the meteoric growth of mobile lending apps. Smart algorithms and access to easily accessible information facilitated platform-based players as they have positioned the traditional models of lending upside down, rolling out … Read more
The Intelligent Way Forward: Saving and Investing for the Average Nigerian In the juggling act of personal finance, there are two cardinal rules which are always front and center: saving and investing. To the average Nigerian worker struggling to have a better life for themselves and control their economic destiny, this difference between these two … Read more