Entries on Finance
This paper investigates the nexus between financial deepening and economic growth in Nigeria for the period spanning 1981 to 2014
The credit system, which has its focal point in the allegedly national banks and the big money-lenders and usurers that surround them, is one enormous centralization and gives this class of parasites a fabulous power not only to decimate the industrial capitalists periodically but also to interfere in actual production in the most dangerous manner— and this crew know nothing of production and have nothing at all to do with it.
Recently, someone on facebook share his view on financial freedom. His view was centred on how to be financially free. He specifically argued that entrepreneurship has become hype; that, it is not a must to become an entrepreneur to achieve a state of financial freedom. Of course, he has points but unable to convince me enough.
When I read briefly on my mobile phone about the CBN decision to commence penalizing people engaging in cash transaction by charging some percentage on such money, I felt unconcern, since for long I personally have being discouraging such act where substantial amount is involved in any transaction I am part of. But the need to further get full details came up when people who are ignorant and are not aware of the rules and regulations behind it nor the benefits of such policy are taking it to be a way of frustrating the masses, which is not so.
The Nigerian Stock Exchange The Nigerian Stock Exchange was created in 1960 as the Lagos Stock Exchange. In the year 1977; the name was altered from the Lagos Stock Exchange to the Nigerian Stock Exchange. In June 28, 2016; it comprised of 180 listed companies with a general market capitalization of almost 10.16 trillion. All listings are stated in the Nigerian Stock Exchange All Shares Index. In respect to Market Capitalization; the Nigerian Stock Exchange is the third highest Stock Exchange in Africa.