Inflation is here, what is inflation? In simple terms, a recession reduces the purchasing power of your currency. Look at the table below from my book Let’s Talk About Your Money. You see that if you earned N500,000 a year, with 15% inflation, your earnings are worth N434, 783. Inflation steals your money and …
Endowments As A Funding Options For Nigerian Universities In Nigeria, three things are certain, Death Taxes and ASUU Strikes ASUU is the union representing the Academic Staff of Nigerian Universities. The union has been on strike since 1981; Figure 1 is a newspaper cutting of November 1981 saying, “ASUU may call off strikes”. ASUU strikes …
The CBN Currently Is Autonomous According to the CBN Act of 2007, the Central Bank of Nigeria (CBN) is a fully autonomous body. Central banks need autonomy to perform their duties because their objectives are not always synchronized with executive and legislative actions. What is the Role of a Central Bank? All Central Banks fight …
What’s the yield curve? Why is it important? What does it mean? The US Treasury yields inverted; it was all over the news, but why? A yield curve represents yields of fixed-income instruments across various maturities. It plots the yield on issued treasury securities. Treasury securities are bonds or Treasury Bills issued by the government …
How the world has changed in just a few months. In November, the world gathered in Glasgow Scotland to ‘secure global net-zero by mid-century”. Net-zero means total emissions are equal to or less than the emissions removed from the environment. To do this, there would have to be many actions, including a “phaseout of coal”. …
In English, how does the war between Russia and Ukraine affect the price of gari in the market? Valid question. It’s essential to start with an acknowledgment that all wars are painful and no one wins; the cost of human suffering can’t be monetized. The world, as we are constantly reminded, is a global village. …
