Capital expenditure: Meaning, types, and more

What is Capital expenditure? Capital expenditure, also known as CAPEX is the money spent on acquiring, improving, or maintaining fixed…
Dangote Refinery: An overview

Dangote Refinery, located in Lagos, Nigeria, is one of the largest oil refineries in the world. The project, spearheaded by…
Recurrent expenditure: Meaning, how it works and more

Recurrent expenditure is a term used to describe ongoing expenses that must be regularly paid to maintain the daily operations…
Debt Service: Meaning, components and more

Every day we take on credit and try to manage debts offered to us. Understanding debt service is important for…
Creditworthiness: Meaning, importance, tips and more

Creditworthiness is an important concept in the world of finance, referring to a borrower’s ability to repay a loan or…
Bureau of Public Enterprise: Functions, impact, history, and more

What is the Bureau of Public Enterprises (BPE)? The Bureau of Public Enterprises (BPE) is a Nigerian government agency responsible…
Unemployment: Meaning, types, causes and more

Unemployment is a significant concern for governments, businesses, and individuals, as it can have severe economic and social consequences. In…
Underemployment: Meaning, types, causes and more

Underemployment can lead to a range of negative outcomes, including financial strain, reduced job satisfaction, and mental health issues. This…
NIPC: Purpose, function, power, and more

What is the Nigerian Investment Promotion Commission (NIPC)? The Nigerian Investment Promotion Commission (NIPC) was established to promote and attract…
NAFDAC: Responsibilities, history, product approval and more

What is NAFDAC? The National Agency for Food and Drug Administration and Control (NAFDAC) is a regulatory body in Nigeria…