2020 Workers Day The 2020 edition of the International Workers Day is such that is unusual globally, Nigeria inclusive given…
Browsing: Finance
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CBN The Central Bank of Nigeria, CBN made a Press releases on march 16, 2020 in response to the COVID-19…
It is no doubt that recession is certain after the world combats the COVID-19 pandemic. A virus which is immensely eaten deep into the fabrics of various sectors of the globe causing uncertainties and disorder in supply chain
This piece is to reawaken your conscience to the fact that Coronavirus, COVID-19 would possibly have a high rate of…
We still depend on our foreign exchange earning on oil export. We still import everything. The president does not use anything Nigerian. The same with ministers and governors. So we are back to ground zero.
Johnson says, “Many of us harbor secret frustrations with the holiday season. Most common is the obligation to buy gifts. It looms over us like the sword of Damocles. We dread the inevitable shopping fiasco and despise Black Friday. We hate not knowing what to get, or buying for people who already have more than they need.
Because of the size of Nigeria’s economy at $568 billion GDP, it is easier to earn money than in Ghana that has a GDP of $51bn. Economic activities in Nigeria are ten times higher than in Ghana. Before a Ghanaian can earn 100 cedis equivalent of 8000 Naira, a hardworking Nigerian can earn 80,000 naira. That is economics for you!
To everyone that knows the importance of foreign reserve, there is indeed a serious cause for concern. First it is the buffer reserve we use to balance out payments against international trade. It is the determinant of our national exchange rate or the strength of our national currency. It is also what creditors use as yardstick to give us loan.
But there is huge difference between national debt and family debt. What most people don’t know is that national debt is not like family finances. The difference is that countries have the central bank to manipulate their economy. They have more financial and monetary flexibility to get out of financial troubles.
If you want to break from cycle of poverty and migrate into the rich middle class without stealing, you must break from salary earnings group and seek a money making idea you can work on. Earning salaries can make you comfortable today, but your focus should be on future sustainability.
f there is anything that has changed the most in Nigeria, it has to be our currency…
First City Monument Bank (FCMB) confirmed Olufemi Badeji’s appointment as its new Executive Director, Corporate and Investment Banking.
The Niger Insurance Plc has made Edwin Igbiti as substantive MD/CEO. He is the immediate Group Managing Director (GMD) of AIICO Insurance Plc.
The Nigerian external reserve has decreased by $3.22 billion. The development stems from the reserve being $45.07 billion as at the end of June, 2019 to $41.85 billion, by the end of September 2019.
Cultivating a habit of saving as a Nigerian is not particularly easy due to some limiting factors. The number of…
Commit to eating out one fewer time each month. Save money without sacrificing your lifestyle by taking small steps to reduce your dining budget. Start off with reducing the amount you eat out by just once per month.
One of the creed we live by anywhere in the world is “chasing the papers.” Every human has to chase…
If you’ve worked for a period of time, there will be a moment you will have to quit and face…
Most newlyweds are between their late ’20s or in the ’30s. And since marriage is a contractual endeavor it is not uncommon…
Warren Buffet prioritised the importance of savings over meeting daily wants and expenses in the following words, “do not save what is left after spending, but spend what is left after savings.”
A saving habit is a good thing for everyone involved in it. Many find it difficult to account for how…
