It’s normal for citizens of every country to brag about the value of their country’s currency and standard of living in any conversation on finance. While their statements are most times sentimental and contain little facts, someone has to be telling the truth even if it’s by the slightest margin – no fiat currency stabilizes … Read more
A developing country connotes a country with a less evolved commercial base and a low Human Development Index that correlates with that of other countries. Most of the time, this definition is not usually acknowledged. As a matter of fact, there is no clear establishment that developing countries fit into this bracket. It is not … Read more
Nigeria is presently using a mixed economy that includes both capitalism and socialism. Citizens can have private ownership of properties and the government also has ownership of properties. Which Economic System is Best for Nigeria? So far, the mixed economy has brought us no development, so it is necessary for the government to try a … Read more
Being called “giant” in this context means Nigeria is a superpower. This word can be broken down to mean importance, eminence, power, and of great size. Why Is Nigeria Called The Giant of Africa? What makes Nigeria the Giant of Africa is how Nigeria became one of the most influential nations in Africa back in … Read more
A failed state is one with a weak central power that has no authority over its people, such as the inability to raise taxes or perform other mundane activities. Is Nigeria Really a Failed State? No, Nigeria isn’t a failed state, not yet. By definition, a failed state is one whose economic and political system … Read more
Everyone is concerned about the debt Nigeria owes China, with a feeling that it is off the charts. Nigeria and China have had diplomatic ties since 1971. Trade and investment have grown since then, and so has lending too. The public is concerned that the debt Nigeria owes to China might be risking its sovereignty, … Read more
A Trade Union is an organization comprising of workers in a particular field or industry. The main goal of Trade Unions is to protect and advance the interests of their members in the workplace. Employers don’t have a say on how Trade Unions are to be run. Why Is Trade Union Relevant in Nigeria? Trade … Read more