Demand destruction is the term used in economics to describe a long-term drop in the demand for a particular good as a result of persistently high pricing or a constrained supply. Consumers may conc...
The largest sugar refinery in Nigeria, Dangote Sugar Refinery Plc, recently reported revenue of N102.863 billion for the third quarter of 2022, up 61.87% from N63.548 billion in the third qua...
Companies are cutting jobs seriously and it seems like the economic situation is not getting better for anyone. Amazon, Facebook, Lyft, NBA shot maker Dapper labs and many other companies are cutting ...
Walmart Raises Outlook Again as Earnings ImpressKey Takeaways:Earnings & Revenue: Walmart exceeded expectations with an adjusted earnings per share of 58 cents (vs. 53 cents expected) and revenue ...
It was a rocky year for the stock market all around the world and Nigeria's economy suffered a lot more than the rest of the western countries. Nigeria was hit by high inflation due to the reopening o...
The black market exchange rate has never been constant when it comes to Naira vs Dollar, so the rise and fall is something that has become a norm in the country. However, the Central Bank of Nig...
As we move further into 2023, the hospitality and tourism industry is poised for a strong turnover.Investing in hospitality and tourism is a skeptical topic for investors in 2023 because of the ongoi...
Bitcoin has seen a remarkable surge in recent days, as global banking circumstances have driven its value up by 25% since March 8. This upward trend has reignited conversations among Bitcoin enthusias...
The Biography of Adeyemo Alakija During the colonial era, a merchant from Nigeria became one of the richest people of his time, his name was Adeyemo Alakija. He was born on May 25 1884 into ...
Key Points:Economists predict 317,000 fewer annual EV registrations if the $7,500 tax credit is removed.Gasoline consumption would see a marginal increase of 155 million gallons in the first year.Morg...