importance of Economics

Economics and Its Importance

Definitions of Economics Economics is the act of creating wealth and the management of such wealth in the long term. To some people, economics is the study of scarcity. Men will have to manage the available resources within their reach or choose between the competing alternatives. It is the study of wealth for human satisfaction i.e how money

Economics and Its Importance Read More »

price floor for goods and services

Concept of Price Floor

Price floor is a price control mechanism employed by the government, institutions or companies on how low the price of a product or service can be. Simply put, the lowest price in the price band is called the price floor. The opposite of this economic jargon is cap price (price ceiling) which is the highest

Concept of Price Floor Read More »

How to Send eNaira Coin from Your Bank Account infomediang business solutions

5 Ways To Make Money From eNaira

Since the Central Bank of Nigeria (CBN) announced the launch of a digital currency dubbed “eNaira” which is known as Central Bank Digital Currency (CBDC), Nigerians expressed mixed reactions to the project. While some Nigerians praised it, some berated the apex bank for coming up with such an idea as having “ban” trading of cryptocurrency

5 Ways To Make Money From eNaira Read More »


20 Benefits of eNaira To Businesses and Individuals in Nigeria

The ban on cryptocurrency by the Central Bank of Nigeria (CBN) on February 5, 2021, gave millions of Nigerians the push to further explore the financial possibilities of digital currencies. Although cryptocurrency which is backed by blockchain technology has been in existence since 2009, when the unknown Satoshi Nakamoto claimed to have invented it, the

20 Benefits of eNaira To Businesses and Individuals in Nigeria Read More »

Scroll to Top