The Colombian peso isn’t just one of the troubled currencies, but it is also one of the weakest among the South American countries. For instance, it was thought to have hit the lowest in 2015 when just one USD was worth 3,032 COP. But today, it has slipped further 3,748.81 COP to $1. A Glimpse Into USD to … Read more
By land area, North America is the third-largest continent in the world which spans 24.71 million km². It is made up of 23 countries. With 592,296,233 people living it, the United States of America has the highest population in that continent having 329.5 million people according to the 2020 World Bank sources. However, by land area, Canada is the largest in North America … Read more
Europe is an interesting continent consisting Eurozone (countries that adopt the Euro and official currency) and those that have either refused to join Euro-area or are still planning to do so. With this variety of currencies in Europe, there is no uniform exchange rate. While the Great Britain Pounds, Euro, Swiss franc remain the strongest … Read more
The adoption of CryptoCurrency has taken a huge stir, especially in Western Countries and Asian Countries. To make the presence of CryptoCurrency more established there are various fortune companies, entertainment segments, and startups that have already started accepting payments in form of the CryptoCurrency. Due to the decentralized nature of this currency, even young people … Read more
Having a small business is such an accomplishment to have. But, unfortunately, it is not all fun and games. It also entails a lot of responsibility. It is a lot to handle for any business owner, big or small. It is where accounting comes in. You might think that a small business won’t need accounting. You … Read more
The naira is a legal tender of Nigeria. It uses ₦ (sign) and NGN (code). The Nigerian currency is in coins and banknotes. But the coins have died a natural death due to high inflation making them lose their total value and relevance in the economy. Naira Design On November 23, 2022, NGN200, NGN500, and NGN1,000 get a new design, which … Read more
There are different ways to measure the strength of a currency. If it’s by the purchasing power, the strength of money can not be the same even if five countries use the same currency. In this article, we measure the exchange rate of the United States Dollar (USD) against the local currencies in Europe. It’s important … Read more
There are 50 countries in Europe: 44 are independent countries, six of them are dependent territories. The continent is situated in the Northern Hemisphere; bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is sitting on about 10.18 million km2 (3.93 million sq mi), making it the second-smallest continent after Oceania. Using sub-region, … Read more
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