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The world’s richest countries are the ones with the most money, right? Turns out it’s not quite that simple. How do economists determine the richest countries in the world? Do they add up the average annual wage and bank account value of every citizen? Do they calculate the market value of every home, car and corporation? Not exactly. Yuichiro Chino / Getty Images
The country with the biggest economy isn’t necessarily the richest nation. Often measured by GDP (gross domestic product), the size of an economy is often defined by the total value of all the goods and services produced the borders of a given country. This gives us a nice, round (and often very large) number to stick next to a country’s name, which makes it easy to compare to other countries. traffic_analyzer / Getty Images
Microsoft office Kings Towers. Microsoft will reduce its office space at the Kings Tower building in Ikoyi from six floors to two, suggesting a scaleback in its Nigerian operations.
The Federal Government of Nigeria is delivering on its promise to help graduates of the 3MTT program find employment.
Access Bank plc, in collaboration with the federal government has launched a “youthrive” initiative which targets to empower 700,000 MSMEs in the country through a 50bn intervention fund.
Starting from March 1, 2024, the company will remove fraudulent accounts from its system and block customers whose accounts are not compliant with Know Your Customer (KYC) requirements.
The scarcity of cash in circulation has made the weekly usage of Automated Teller Machines to drop from 70 per cent to 40 per cent, according to a report by KPMG.
The World Bank has increased its disbursement to Nigeria from about $300 million to $315 million, out of the $800 million approved for the National Social Safety-Net Program Scale Up (NSSP-SU).
The Federal Government of Nigeria, on Thursday, confirmed the resumption of operations at the Port Harcourt Refining and Petrochemical Company in Rivers State.
Banks in Port Harcourt and environs Friday ran out of cash and we’re turning down requests of customers who had approached their offices to collect cash for their transactions.
