Tag: implications
Fiscal policy: meaning, tools, implications, and more
What is fiscal policy? Fiscal policy involves the use of government tools to influence the level of economic activity. It encompasses both discretionary fiscal policy, where deliberate changes in taxation and spending are made in response to economic conditions, as well as automatic stabilizers, which are built-in features of the tax and spending system that …
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Debtor: meaning, implications and more
Debt is a common concept that many individuals and organizations face in their daily lives. When someone owes money to another party, they become a debtor. However, there is more to the term debtor than just owing money. Understanding the meaning of debtor is important, as it can have legal implications and impact one’s financial …
Naira redesign: Purpose, Implications, and consequences
The 200, 500, and 1000 Naira notes will be redesigned by December 15, 2022, according to the Central Bank of Nigeria (CBN). The CBN’s governor, Godwin Emefiele, made this announcement on October 2022, against the backdrop of a weakening Naira and a nearly insolvent economy. By January 31, 2023, the old notes would no longer …
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Environmental, Social and Governance (ESG) and implications
The world is faced with a myriad of issues, and at the top of the list is the issue of climate change. Companies in Nigeria, Africa and globally engage in business with the sole aim of profiting. But very recently, several companies have gained knowledge of the varying impacts of their activities on society, the …
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Cashless policy in Nigeria: Meaning, implications, advantages and more
In recent years, the Nigerian government has implemented a cashless policy aimed at reducing the use of cash in everyday commercial transactions and promoting digital payments. This article will examine what the cashless policy means, its implications, advantages, and how individuals and businesses can adjust to the new system. It will also explore the current …
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