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How to survive and thrive in a harsh economy

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Harsh economic times can be tough, but it's important to remember that you're not alone. Millions of people around the world are facing the same challenges. But there are things you can do to survive and even thrive in a harsh economy.\ Here are a few tips: Cut back on unnecessary expenses. Take a close look at your budget and see where you can cut back. Maybe you can cancel unused subscriptions, eat out less, or find cheaper alternatives to your favorite products. Save money where you can. Even if it's just a little bit each month, it will add up over time. And if you have an emergency fund, you'll be less stressed if something unexpected happens. Renegotiate your bills. Many companies are willing to work with customers who are struggling financially. Call your utility companies, cable provider, and other service providers to see if they can lower your bills. Look for ways to increase your income. If you're already working, you may be able to get a raise or...

Nigeria spends $5.1bn on cash management yearly —MasterCard

ON the back of recently rebased Gross Domestic Product (GDP), a study by US-based financial payment solutions firm, Mastercard, has revealed that Nigeria spends an estimated $5.1 billion (N800bn) yearly on printing and handling cash. The study explains that countries across the globe spend an average of 1 percent of their GDP yearly to fund minting of currency notes and logistics involving handling, processing and shipment. “MasterCard advisers have done studies in many countries and found out that the cost of cash to an economy is about one per cent of the country’s GDP,” Ventures Africa quoted Mrs Omokehinde Ojomuyide, Vice President, West Africa, MasterCard as having said. “The studies show that countries spend from 0.5 to 1.5 per cent of their GDP,” she said. This implies that Africa’s largest economy, following the recently devised GDP figures of $510 billion, spends an average of $5.1 billion annually on cash logistics, as $5.1 billion represents 1 ...