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 […]
Business
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, […]
UI Traders Lament Over Recent Power Outages Amidst Fuel Scarcity
By: Ajadi Sodiq. It was a sunny Saturday morning around 10:45 am, Mr. Oluwatoyin, one of the managing representatives at Boluid Cafeteria, Zik Hall, had just sent one of his boys out to get petrol. This is solely due to the need for the company to refrigerate their soft drinks […]
The Ordeal of being a Transport Worker In UI
By Ajadi Sodiq Around 5:30 pm, *Mr. Ikene, one of the tricycles shuttle drivers at the University of Ibadan, had just returned from a family gathering when he encountered more than seven other tricycles on the line. Mr. Ikene hasn’t had a passenger in his tricycle for almost thirty minutes […]
Bread and Water Sale in UI: What are SMEs Saying?
by Tolu Adeyeye According to an SME owner in the IndyHall of residence, the University management successfully attempted to monopolise the sale of bread and water “about four or five years ago”. This simply meant that SMEs in UI were only supplied bread and water sold to the students from […]
Tax: Why Should I Pay Tax?
By: Olamilekan Oke Taxation is one of those topics that was treated under economics as a subject back then in secondary. The definition of taxation was quite simple, to the point that it was easy to memorize it then. But, if you didn’t take economics in secondary school, here is […]
Investment 101: Do Not Fall For Ponzi Schemes
By: Olamilekan Oke To invest means the placement of capital in expectation of deriving income or profit from its use or appreciation; financial investment is one of the ways of creating generational wealth and you can see this example by looking at the life of wealthy people. They do […]
How To Do Business With School And Fail! (Or The Qualities You Need As A Student Entrepreneur)
By James Arikpo In other news, Talisman, a.k.a Tali, is a self-proclaimed business tycoon and the “CEO” of Mantex Empire, a fashion shop. Whenever people talk about business and business exploits, Tali has this to brag about. When people are connecting, he too must connect, after all, no be only […]
Entrepreneurship and Studentship: Finding the Nexus between these Heavyweights
By: Olamilekan Oke Entrepreneurship does not mean being a CEO of a company as most people assume. As it takes much time and hard work for you to claim being the CEO of a company. Being a student on the other hand is a task on its own that requires […]
Business Ideas: Six Things To Think First Before Thinking Capital
By SeeEeOo “Rome n’est pas fait en un jour.” — A medieval French adage First, consider this: the minimum living wage for a Nigerian family is between N 74, 200 and N 104, 200. This, when considering all that it must be spent on, is not enough to start an […]