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Africa boasts immense economic potential, yet this potential has long been constrained by trade and payment barriers. According to the African Development Bank (AfDB), nearly half of intra-African trade settlements rely on foreign banks and the US dollar, highlighting the …
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During the first quarter of 2023, Nigerians experienced cash circulation shortages due to the naira redesign policy. This policy negatively impacted several informal sector businesses, such as local retail shops, artisans, and commercial bus drivers. Trading activities for small-scale manufacturers …
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Nigeria’s inflation rate increased by 0.22 percent to 15.92 percent in March 2022. We can attribute the increase in the prices of goods and commodities to the rise in the consumer price index (CPI). Still, the fluctuating exchange rate also …
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Foremost international financial institutions have opined that Nigerians need to pay more tax to finance the country’s development drive. But Nigerian businesses have to deal with numerous macro-environment issues and multiple taxations. In the midst of the argument on not …
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The resource-rich continent of Africa is dubbed the largest mineral industry in the world as it accounts for most state’s foreign exchange earnings. Al-Jazeera’s mapping of natural resources in Africa showed that the continent is known for producing about twenty-five …
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When COVID-19 bludgeoned the world into submission, it tanked the economy and caused oil prices to go as low as $20. However, the technology industry had a huge financial boost as the Fintech industry recorded 100 times their revenue, most …
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