LIST OF REASONS

Introduction Starting a business in Nigeria is ambitious, but survival is tough. Statistics paint a grim picture: over 50% of small and medium enterprises (SMEs) fail within their first year, and more than 95% shut down by the fifth year. In 2026, amid high inflation, Naira volatility, and rising energy costs, these failure rates persist. Understanding the main reasons for business failure in Nigeria can help entrepreneurs avoid common pitfalls and build resilient ventures. Seven (7) Reasons for Business Failure in Nigeria: Why So Many SMEs Collapse Early 1. Poor Financial Management and Cash Flow Problems One of the leading reasons for business failure in Nigeria is mismanaging finances. Many owners mix personal and business funds, neglect proper bookkeeping, or fail to track expenses. High operational costs — fuel, electricity, and rent — drain resources quickly. In 2026, with inflation pressuring margins, disorganized invoicing and delayed payments worsen cash flow crises, forcing ...

Introduction Nigeria's foreign policy serves as a blueprint for its international engagements, guiding diplomatic, economic, and security interactions worldwide. As Africa's most populous nation and a leading oil producer, Nigeria's approach emphasizes African unity, non-alignment, and global cooperation. But what are the core reasons for Nigeria's foreign policy? This article explores the key drivers , from historical legacies to contemporary economic imperatives, helping you understand why Nigeria positions itself as a regional powerhouse. Five (5) Top Reasons for the Contemporary Nigeria's Foreign Policy 1. Historical Foundations and Independence Legacy One primary reason for Nigeria's foreign policy is its colonial history and the quest for sovereignty. Gaining independence from Britain in 1960, Nigeria adopted a non-aligned stance during the Cold War to avoid superpower dominance. This principle, rooted in anti-colonialism, influenced early leaders like Si...

Introduction In a bold escalation of transatlantic tensions, President Donald Trump has declared he is "100%" committed to imposing tariffs on eight European nations opposing his push to acquire Greenland . This threat, announced amid growing geopolitical strains, has prompted a unified EU vow to safeguard its interests through potential retaliatory measures. As the world watches this unfolding drama, understanding Trump's motivations reveals a mix of strategic, economic, and personal factors driving his stance. Three (3) Reasons Why Trump Vows to 100% Enforce Greenland Tariffs and EU's Protective Response 1. Strategic Importance of Greenland in U.S. Security One primary reason Trump insists on following through with the tariffs is Greenland's critical role in U.S. national security. The vast Arctic territory, currently under Danish sovereignty, hosts the U.S.-operated Thule Air Base , a key asset for missile defense and surveillance. Trump argues that full U.S. c...

Introduction Former Nigerian Petroleum Minister and ex-OPEC president Diezani Alison-Madueke appeared in a London court on January 19, 2026, ahead of her full corruption trial at Southwark Crown Court. The high-profile case, involving bribery charges , stems from her tenure as Nigeria's oil minister from 2010 to 2015. Charged in August 2023 by the UK's National Crime Agency (NCA) , she faces six counts of accepting bribes in exchange for awarding multi-million-pound oil and gas contracts. She has denied the allegations, with the trial set to begin on January 26, 2026, lasting 10-12 weeks alongside co-defendants. Four (4) Reasons Why Diezani Alison-Madueke Appears in UK Court for Corruption Trial 1. Alleged Abuse of Power and Bribery for Oil Contracts The core reason for the trial is the NCA's suspicion that Alison-Madueke abused her ministerial authority by accepting financial rewards for approving lucrative energy deals worth billions. Prosecutors allege she received br...