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
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
The Persistent Erosion: How Nigerians’ Purchasing Power is Eroded by Inflation Hope and optimism capital of Nigeria, has struggled for decades to defeat a merciless economic nemesis: inflation. This common and frequently unchecked inflation rate of the general level of goods and services price level has been a routine aspect of the Nigerian economy, detrimental … Read more