European store 1930s. Free enterprise

Free Enterprise

Free Enterprise, as an economic principle, features minimum intervention of government and greater participation of private individuals in business management. This system, idealised by early…

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Okotie eboh

Corruption

Corruption, according to the World Bank and Transparency International, is the abuse of public office for private gains for the benefit of the holder of the office or some third party. Nigeria has…

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Osborne in a rickshaw, with boys besides him, Lagos c.1910-13. Source: Wikimedia Commons

Osborne F.G.

Osborne F.G. was a merchant of the Anglo-Colonial Trading Corporation Limited, called Alagbon in Lagos of the nineteen-tens. Born in 1852, Osborne came to Lagos in the 1870s as a clerk of another…

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Capitalism allows for the accumulation of profits. Here, CEOs meet in an event by the Nigerian Stock Exchange.

Capitalism

Capitalism, according to Investopedia, is a system of economics based on the private ownership of capital and production inputs, and on the production of goods and services for profit. This Adam…

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