There are basic economic problems every economy faces. Definitely, there will be the availability of limited resources. Human wants are insatiable that’s one of the reasons scarcity arises. Let’s assume that there are more than enough resources, the economic problem would not probably arise. But the study of economics makes us understand that there will always be … Read more
Do you know that not all members of the European Union (EU) adopt the Euro as official currency or as their second currency? The EU is a political and economic union that has a total area of 4,233,255.3 km² and an estimated total population of about 447 million. There were 28 EU member countries until … Read more
When the European Union (EU) was founded on November 1, 1993, the union was not designed with microstates in mind. No wonder the EU only recognises 27 countries as its members. But there are some independent tiny countries that adopt Euro as their official currency. As we know Euro is popular among the EU member … Read more
What is inflation? The most popular definition of inflation is, “an increase in the average level of prices”. Specifically, inflation is a condition whereby supply persistently fails to keep pace with the expansion of demand. Simply put, inflation is a state of disequilibrium in which too much money is chasing a few goods. The opposite … Read more
The role of the stock market in an economy is so enormous such that the performance of a country’s stock market show the seriousness of otherwise of a country. In our earlier article, we defined stock market as a place where trading (purchase and sales) of stocks take place. In this post, we’re going to list … Read more
If there is any member of the ruling All Progressive Congress (APC) who decamped from the Peoples Democratic Party (PDP) and rose to be one of the powerful members of APC, it is Abdullahi Adamu, a two-term governor of Nasarawa State. His sojourn to Nigeria’s political landscape did not start in 1998 when he was … Read more
Before establishing the Joint Admissions and Matriculation Board (JAMB) in 1978, the only seven universities owned by the federal government of Nigeria at the time conducted their entrance examination and solely determined who was qualified. JAMB is one of the agencies of Nigeria’s Federal Ministry of Education. It’s one of the most active in the education … Read more
Since 1958 till date, the Federal Ministry of Education in Nigeria has produced 47 Ministers of Education. Aja Nwachukwu was the first Nigerian minister of education while the incumbent Minister of Education is Prof. Tahir Maman (SAN). Nwachukwu was in office from 1958 to 1965. He handed over Richard Akinjide who oversaw the ministry from 1965 to … Read more
MutltiChoice has increased subscription price across all its DsTV packages. For instance, Compact Plus monthly subscription now cost N25,000 (from N19,800). The latest price adjustment also affect GOtv packages according to the company’s CEO, John Ugbe, who made the announcement on Wednesday, April 24, 2024 Old and latest DStv subscription packages Premium Compact Plus Compact Confam Yanga Padi … Read more
Multichoice has announced increase in prices on the DSTV and GOtv packages. The company made the latest announcement on Wednesday, April 24, 2024 The company in a statement titled ‘Price Adjustment on DStv and GOtv Packages’, John Ugbe, the company’s said the increase was due to rising cost of business operations. For instance, GOTV SUPA+ which used … Read more
The most strategically planned coup in the history of Nigeria is the August 27, 1985 coup which oust the regime of Muhammadu Buhari. Buhari later admitted that he was aware that some soldiers led by Babangida were planning to overthrow his regime. Upon assumption of office through the guns assisted by one of the deadliest … Read more
The military regime of General Sani Abacha was the most controversial in Nigeria’s political history. One of the reasons was that he threw the winner of the June 12 1993 presidential election Chief Moshood Abiola into prison. Though his regime didn’t conduct the election, he arrested Abiola and threw him into prison for attempting to claim the … Read more
General Abdulsalami Abubakar was the last military Head of State before the Fourth Republic. He was the Chief of Defence Staff during Abacha’s regime He did what his predecessors (Ibrahim Babangida and Sani Abacha) were unable to do by handling over to the democratically elected president. Abdulsalami Abubakar assumed office on June 9, 1998, after the death of General Sani Abacha on June … Read more
In Nigeria, a State House of Assembly (legislature) can institute impeachment proceedings against the governor (executive) after a motion has been moved. It’s one of the major checks and balances used by the legislature to ensure that the head of an executive doesn’t go beyond their constitutional power. So… Who are the impeached governors in … Read more
Impeachment is a constitutional means of removing an elected official from office for offences ranging from mismanagement, misconduct, embezzlement and gross misconduct. Impeaching a state governor in Nigeria involves a lot of behind the scene consultations and persuasion to win the majority, most times members of the state house of assembly are bribed to vote … Read more