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Showing posts from September, 2021

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Analysts Predict Currency Volatility Ahead of Fiscal Policy Changes

on September 29, 2021

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Tech Companies Announce Major AI Investments Across Africa

Tech Companies Announce Major AI Investments Across Africa Artificial intelligence is no longer a distant ambition for Africa—it has become an urgent business priority. Across the continent, a wave of investment from global technology companies, development partners, and local innovators is reshaping how Africans work, access healthcare, and build businesses. From multimillion-dollar health initiatives to startup accelerators and infrastructure funds, the scale of commitment signals a fundamental shift: Africa is moving from AI experimentation to large-scale execution. The New Landscape: Billions Flowing In The numbers tell an impressive story. At the Nairobi AI Forum in February 2026, a coalition of partners, including the African Development Bank (AfDB) and the United Nations Development Programme (UNDP), launched the AI 10 Billion Initiative—an ambitious effort to mobilize $10 billion for AI infrastructure, data embassies, and technical support across the continent. The initiative, ...

When Banks Fail Understanding the Causes and How Your Money Is Protected

When Banks Fail: Understanding the Causes and How Your Money Is Protected . Bank failures are an all-too-frequent headline in recent years. As far as Nigeria is concerned, the Central Bank has revoked the licenses of more than 130 microfinance banks in 2023, in addition to the revocation of the license of the more popularly known Heritage Bank. For every person who deposits money into a bank, every time they hear about another bank's failure, they ask themselves, “What will happen to my money?” For anyone seeking to protect their earned savings, it's important to know the reasons why banks fail and how depositors are protected. This is not an economist's story; it's a story to every Nigerian who has a bank account. Why Do Banks Fail? The Root Causes There are not many instances of bank failures due to one incident. However, they are the product of a mix of high-risk behavior, inadequate controls, and external events. If you know what causes them to happen, you are the f...

Which of the two problems is worse inflation or deflation

Inflation or Deflation, which of them is worse than the other so today am going to detail the two so you will understand that......... There are two words that usually confuse people when it comes to the economy: inflation and deflation. Initially, the prospect of deflation can appear more attractive since prices are decreasing. If I consider both on a household, business, job, and government level, it is more complex. It's easy for the consumer buyer to notice the rising prices for us. Necessities such as food, transportation, rent, electricity, etc., may cost more. Despite a steep drop in the officially reported inflation rate, Nigeria has had high inflation rates over the past few years. According to the latest 2026 data from the National Bureau of Statistics, headline inflation is currently 15.39%. Then, which is worse—inflation or deflation? There is no one-size-fits-all solution, as this will depend on the severity of the problem and how persistent it is. What Is Inflation? I...

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