By: Ajadi Sodiq At an inflation rate of 31.7%, according to nairametrics, Nigeria is currently ranked 13th amongst countries with the highest inflation rate. It is an easy guess that Nigeria would be one of the top countries suffering from the grappling grasp of inflation. Despite Nigeria’s Vision 2020 for […]
Business
Lessons Of Payday: A Cautionary Tale for Nigerian Startups
By: Ayeye Toluwalope Payday, a Fintech startup established in 2021 by Favour Ori, has recently been in the mouths of many, both users and non-users. The startup was created to help users send and receive money in about 20 currencies. However, that is not why it got the attention of […]
Wheels without Sympathy: The Trials of UI Transporters’
By: Ajadi Sodiq It was around four in the evening as the sun was about to rest in its abode on Thursday, and Mr. Mashud just returned from Agbowo to get what to eat. Akara, Yam, and Pure Water were what he could afford. This correspondent watched as he […]
Second Semester: Business over Studies or Studies Over Business?
By: GeeTee Yay! It’s Second Semester. Parte after parte, event after event. Who’s celebrating this weekend? The Faculty of Technology or the Department of Chemistry? Oh! There’ll be an Arts Festival at Wole Soyinka Theatre on Thursday. Why Thursday of all days tho? That’s the day I have most of […]
More may be Indeed Less: How the Inflation Rates is Affecting UI Student
By: Emmanuel Utibe. Since the dawn of 2023, students and non-students alike have been made to face financial realities that were erstwhile non-existent in , say, 2021. For instance, if we were told that having money and having cash could practically translate to different things, we would have disregarded it […]
The Power of Networking for Career and Business Success
By: Samuel Olowolayemo The term “Networking” is not ambiguous, and the skills it teaches are essential for gaining an edge in today’s highly competitive job market. The fundamental concept of networking is to establish connections, relationships, and partnerships to achieve a particular goal. Networking involves establishing and nurturing relationships with […]
The Banking System and Failed Transactions: What is the Fate of UI students
By Emmanuel Utibe Just another casual afternoon, after the daily stress, Amos decided to head off to Shokem to grab some groceries with his friend. As he stood at the counter to pay, he whispered a little prayer as he swiped his card. Alas, the POS machine printed a receipt […]
Charges on All Transactions; A Bane on the Lifestyle of UITES
By: Ajadi Sodiq According to a 2022 report, more than 80% of the 3.2 trillion nairas ($7.2 billion) in circulation in Nigeria are outside the vaults of commercial banks and in private hands. It will be recalled that the Supreme Court, in its new ruling, instructed that all old notes […]
Cash Scarcity in UI: The Story So Far
By: Emmanuel Utibe On the 31st of January, the central bank announced a currency change policy that saw it reissue new currency denominations for the 200, 500, and 1000 notes. Like all other policy changes, the news was received with mixed reactions; different opinions about intended and possible economic implications […]
New Naira Policy: The Motive Of The FG And Its Effects On Traders
By Ajadi Sodiq The Federal Government of Nigeria on the 6th December 2022, introduced a new policy — from redesigning the Naira to limited cash flow — which many have speculated introduction to be mainly to prevent vote buying in the coming election in 2023. According to the CBN governor, […]