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Showing posts from September, 2026

Online Money-Making Platforms for Africa: Where Can Africans Actually Earn Online?

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  The internet has changed where economic opportunities can be found. A designer in Lagos can work for a company in London. A software developer in Nairobi can build a product for a client in New York. A writer in Accra can serve customers in Canada. A creator in Johannesburg can sell digital products to people in different countries without opening a physical shop. But there is an important difference between having access to an online platform and actually making sustainable income from it . That distinction is often missing from social-media posts promising that anyone can make hundreds of dollars online within days. In reality, online income usually comes from providing something that another person or business is willing to pay for: a skill, a service, a product, an audience or specialised knowledge. The platforms simply provide the infrastructure that connects the two sides. So, what online platforms can Africans use to participate in the digital economy? 1. Freelancing plat...

Inside the CBN's Monetary Policy Reforms: From Money Supply to Inflation Targeting

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Inside the CBN's Monetary Policy Reforms: From Money Supply to Inflation Targeting For decades, Nigeria's monetary policy has operated around an idea that sounds technical but has consequences for almost everyone: how much money is circulating in the economy matters for inflation and economic stability. That approach is now being recalibrated. The Central Bank of Nigeria is transitioning from a Monetary Targeting Framework to an Inflation Targeting Framework , a significant change in how monetary policy is designed, communicated and implemented. The difference is more than a change in terminology. It represents a shift in the CBN's policy framework—from placing greater emphasis on monetary aggregates to putting greater emphasis on the inflation outlook, price stability and the use of market-based interest-rate instruments. The CBN says the transition is intended to make monetary policy more forward-looking, data-driven, transparent and effective in responding to Nigeria...

Who Controls the Cost of Money in Nigeria? Understanding What the CBN Actually Does

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Who Controls the Cost of Money in Nigeria? Understanding What the CBN Actually Does If you have ever wondered why the interest rate on a loan suddenly becomes more expensive, why savings rates change, or why businesses keep talking about inflation and the naira, there is a good chance the Central Bank of Nigeria is somewhere in the conversation. But the Central Bank of Nigeria, commonly known as the CBN, does not simply walk into a commercial bank and tell it what interest rate to charge every customer. Its influence is more complicated—and more important—than that. The CBN sits at the centre of Nigeria's monetary system. Through monetary policy, regulation and financial-market operations, it influences the conditions under which money moves through the economy. That means its decisions can eventually affect the cost of borrowing, the return on savings and investments, business financing, inflation and the purchasing power of households. So, who controls the cost of money in Nigeri...

Nigeria’s Digital Free Zones: What the New Government Initiative Could Mean for Jobs, Startups and Global Work

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 Nigeria’s Digital Free Zones: What the New Government Initiative Could Mean for Jobs, Startups and Global Work For years, one of Nigeria's biggest economic questions has been how to turn the country's large pool of young, educated and digitally skilled people into a stronger source of jobs and global income. The Federal Government is now pursuing one answer through its Digital Free Zones initiative . On September 18, 2026, President Bola Ahmed Tinubu announced that the initiative had moved into its implementation phase, with the government positioning it as a way to help Nigerian technology and service companies raise global capital, employ Nigerians and build businesses for international markets while keeping their operations and intellectual property connected to Nigeria. For ordinary Nigerians, however, the important question is not the name of the initiative. It is: Could this actually create more opportunities for Nigerians to earn from the global digital economy without ...

Nigeria First Policy: What Government’s Local Procurement Push Could Mean for Jobs, Businesses and Consumers

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Nigeria First Policy: What Government’s Local Procurement Push Could Mean for Jobs, Businesses and Consumers For years, one of the recurring questions in Nigeria's economic debate has been straightforward: when government spends public money, how much of that money should remain in the Nigerian economy? The Federal Government is now trying to answer that question through the Nigeria First Policy , an approach that gives greater preference to Nigerian-made goods, local businesses and domestic production in public procurement. The policy is not simply about encouraging Nigerians to buy locally. Its more direct impact is on how government institutions spend public money . In May 2025, the Federal Executive Council approved the Nigeria First Policy, with the stated objective of prioritising locally manufactured goods and services in government procurement where suitable local alternatives exist. The policy has since moved from a broad economic objective into more specific procurement m...

The Digital Economy Nobody Sees: Who Is Building the Infrastructure Behind Nigeria’s Online Future?

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 The Digital Economy Nobody Sees: Who Is Building the Infrastructure Behind Nigeria’s Online Future? Nigeria’s digital economy is often described through the things people can see: fintech apps, online businesses, smartphones, social media, artificial intelligence and startups. But there is another part of the digital economy that most people rarely think about. It is the infrastructure underneath all of it. When someone transfers money from a phone, buys something online, joins a video call, trades through an investment platform or uses an AI tool, none of those things happen simply because an app exists. Behind the screen are telecommunications networks, fibre cables, data centres, cloud infrastructure, payment systems, electricity, cybersecurity and thousands of people working to keep those systems running. Most of that infrastructure remains invisible until something goes wrong. A recent example came during the Dangote Petroleum Refinery’s initial public offering in September 2...

Inside the Pan-African Balance Sheet: An Institution Watch Investigation into United Bank for Africa (UBA) through the Afroview Value Test

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  Inside the Pan-African Balance Sheet: An Institution Watch Investigation into United Bank for Africa (UBA) through the Afroview Value Test Lagos, Nigeria — If you spend enough time walking the financial district of Lagos Island, you start to notice how the architecture of money has changed. For generations, banking in Nigeria was defined by heavy mahogany doors, towering glass facades, and the long, sluggish queues of people waiting inside air-conditioned banking halls just to get a teller to stamp a deposit slip. It felt distant, institutional, and entirely removed from the chaotic pulse of the actual street. Today, the real economic engine of the continent hums invisibly. It lives inside a battered plastic POS terminal resting on a wooden table in a bustling market in Onitsha; it flashes on the screen of an Android phone belonging to a university student in Zaria; and it moves millions of dollars across international borders in milliseconds through cloud-based APIs. Yet, benea...