Nigeria and South Africa are the two largest economies in Africa, but they have different economic structures, strengths, and challenges. Below is a comparison and contrast of their economies: GDP & Economic Size Factor Nigeria South Africa Nominal GDP (2024) $395 billion $401 billion Real GDP Growth (2024 est.) ~3.3% ~1.2% GDP Per Capita ~$1,700 ~$6,700 Nigeria has a larger population but lower GDP per capita, indicating lower average income levels. South Africa has a […]

In recent years, many countries have introduced policies aimed at regulating the employment of foreign workers, often with the dual objectives of protecting local labor markets and generating revenue for national development. One such policy is the Expatriate Employment Levy (EEL), a fiscal measure implemented by governments to manage the influx of expatriate workers and ensure a balanced workforce. This article delves into the concept of the EEL, its objectives, implications, and the broader impact on […]

Introduction The rise of the internet has brought unparalleled convenience and connectivity, but it has also facilitated an increase in cybercrime, particularly online extortion. Cybercriminals exploit vulnerabilities in digital systems, employing tactics such as ransomware attacks, sextortion, and financial fraud to extort individuals and organizations. As these crimes escalate globally, governments and law enforcement agencies are intensifying their crackdown on cyber extortion through legislation, regulatory frameworks, and international cooperation. Understanding Online Extortion Online extortion involves […]

Nigeria’s external debt profile has experienced significant shifts over the last two decades, influenced by varying economic strategies and global financial dynamics. This article examines the trajectory of Nigeria’s external debt from President Olusegun Obasanjo’s administration (1999–2007) to the current administration of President Bola Ahmed Tinubu (2023–present), analyzing the factors behind the borrowings, their implications, and the pervasive role of corruption. Olusegun Obasanjo (1999–2007): A Legacy of Debt Relief When President Olusegun Obasanjo assumed office […]