Category: Business
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World Bank: Nigeria Retains Its Position as Africa’s Largest Economy
Nigeria continues to hold its position as Africa’s largest economy, reaffirmed by the latest World Bank report. Despite facing inflation, currency fluctuations, and investment hurdles, the country’s vast population, resource wealth, and booming digital economy provide a strong foundation for growth. Foreign investments, particularly in telecommunications and infrastructure, are driving…
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Kano’s History: The Igbo Factor in Intergroup Relations and Commerce
The rich and complex history of intergroup relations in Nigeria is filled with stories of resilience, cooperation, and occasional tension. One such tale is the Igbo community’s relationship with Kano, a city that has long been a melting pot of cultures and commerce. Professor Ahmed Bako’s inaugural lecture, titled “The…
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Communism: Utopia or Dystopia?
Communism, a socio-economic system aiming for a classless society with common ownership, has sparked fiery debates throughout history. While some hail it as a path to equality and social justice, others condemn it for its authoritarian tendencies and economic shortcomings. So, what exactly is communism, and why has it caused…
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Michael Jordan: From Basketball Icon to Billionaire Mogul
Michael Jordan. The name alone conjures images of soaring dunks, clutch shots, and six championship rings. He’s not just the greatest basketball player of all time, he’s a global icon, a cultural phenomenon, and… a billionaire. But how did His Airness transition from hardwood hero to financial heavyweight? Let’s take…
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How Software Redefined the Taxi Business
The iconic yellow cab, once a ubiquitous symbol of urban mobility, has faced a formidable challenger in recent years: the sleek, app-driven ride-hailing service. While software wasn’t the sole factor, its innovative power undoubtedly played a pivotal role in reshaping the transportation landscape. Buckle up as we explore how software…
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Zimbabwe’s Currency: History and Uncertain Future
Imagine prices doubling or tripling within hours. That’s the grim reality Zimbabwe faced in 2008, a country grappling with the world’s highest hyperinflation (a staggering 79 billion percent!) and a collapsing currency. But how did this once-promising nation end up with a seemingly worthless piece of paper in its wallet?…
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Why Nigerians Can’t Fully Embrace PayPal and What Can Be Done
Nigeria’s financial tango with PayPal has left many pondering the limitations on receiving money. Regulations, infrastructure gaps, and fraud concerns are at play. While Nigeria is striving to modernize its financial landscape and address fraud, collaboration between stakeholders is key. Ensuring equal access to the global market is imperative for…
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Elon Musk’s X Acquisition: Risky Gamble or Stroke of Genius?
Whether Elon Musk made a sensible and brilliant decision to buy Twitter (now called X) is a matter of opinion. There are pros and cons to his decision, and it is too early to say definitively whether it will be a success. In this article, we will explore both sides…
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