This is the 8th and final post in this series. I am sure we have all learnt a thing or two. Let me do a quick recap, In this series, we have learnt; What Money is. What Money is not. The history of Money How people make Money Why Dangote is the richest Man in […]
Alhaji Aliko Dangote GCON is the richest man in Africa. As at the time of this writing, Alhaji’s networth according to Forbes is $10.3B. Let me help You understand it. Alhaji is worth 10,300,000,000.00 in dollos. That is about 3,708,000,000,000.00 Naira only. Take a deep breathe, let that sink in for a minute. Let’s proceed.. […]
In one sentence, ANYTHING that is not ACCEPTABLE as a MEANS of EXCHANGE by the PARTY You are trans-acting with is not Money.
That was one of the flaws of barter and other primitive systems, say You have Rice and I have Rice, but You need Oil from me and I don’t need Rice, there wont be any transaction