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Crypto Boom Poses New Challenges to Financial Stability
As crypto assets take hold, regulators need to step up. Crypto assets offer a new world of opportunities: Quick and easy payments. Innovative financial services. Inclusive access to previously “unbanked” parts of the…
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US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange…
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The Great Divergence: A Fork in the Road for the Global Economy
As our note to the G20 meeting points out, there is a major risk that as advanced economies and a few emerging markets recover faster, most developing countries will languish for years to…
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How Poverty Makes Workers Less Productive
Obviously, giving more money to people without much money helps them with money problems. But this study adds to a growing body of research that says that money really does help workers earn…
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A Race Between Vaccines and the Virus as Recoveries Diverge
In just three months since we released our last forecast in October, recorded COVID-19 deaths have doubled to over 2 million, as new waves have lifted infections past previous peaks in many countries.…
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What the Continued Global Uncertainty Means for You,
Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty…
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How To Make A New Year’s Resolution
2020 has been a disaster for meeting new people, which is why Per Carlbring's New Year's resolution is to spend next year trying to connect with someone new every day. Carlbring, a professor…
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Time is Ripe for Innovation in the World of Sovereign Debt Restructuring
When corporations have too much debt and need to restructure it, creditors often end up exchanging bonds or loans for stocks. They trade the guaranteed payout of a fixed-income investment for an equity…
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Data Disruption: The Impact of COVID-19 on Inflation Measurement
Lockdowns, working from home, and physical distancing caused people to spend larger shares of their household budgets on food and housing, while fewer people bought nonessentials, like airline tickets and clothing. And with…
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Bridging the Digital Divide to Scale Up the COVID-19 Recovery
Digitalization has in the past few years enabled developing countries, in particular, to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to…
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Public Investment for the Recovery
Governments around the world are taking extraordinary measures to respond to the COVID-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to…
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[INFOGRAPHICS] Banks’ Proportion Of Low-Cost Deposit(% CASA Mix, H1:2020)
High CASA mix enables banks to record lower Interest expenses, hence, a higher net interest margin.
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[INFOGRAPHICS] Regional Unemployment Rate (August 2020)
The regional paradox - The Richer the oil, the higher the unemployment.
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[INFOGRAPHICS] E-Business % Of Revenue of Nigerian Banks (H1’2020)
Nigerian Banks Electronic Transaction Revenue a question on efficiency of cashless policy.
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[INFOGRAPHICS] South African Vs Nigeria Banks (H1’2020)
South African banks are bigger than Nigerian banks in terms of Total Assets. However, Nigerian banks are more profitable, looking at return on Assets. Return on Assets talks about how they are able to utilize their balance…
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[INFOGRAPHICS] Poverty Rate By Sectors In Nigeria
Nigeria’s Poverty Rate by Sectors Will able-bodied young people be better off or worse off with Nigeria’s agricultural practices?
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[INFOGRAPHICS] Loan Book and Non-Performing Loan of Nigerian Banks as at H1’2020
Loan Book and Non-Performing Loan of Nigerian Banks as at H1’2020
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[INFOGRAPHICS] FDI Inflows Into Selected African Countries In 2019
FDI Inflows into selected African countries in 2019
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Trade as a Tool for an Efficient Recovery
As economies now look for paths to recovery from the COVID-19 crisis, new evidence reaffirms that policies for more open and trade-integrated economies could significantly benefit domestic competition and ultimately may help lower…
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IMF Lending During the Pandemic and Beyond
In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the…
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Charting a Path for a Resilient Recovery in Sub Saharan Africa
As we all continue to grapple with the COVID‑19 crisis, policymakers also need to look ahead. Countries need to ensure that the vast global fiscal support deployed to fight the pandemic also works…
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Air pollution: A silent killer in Lagos
As Nigeria’s economic hub, Lagos is one of the world’s fastest-growing megacities, but this rapid growth has had a downside with high rates of illness and premature death caused by unhealthy air.
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COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade
While the COVID-19 crisis is sending shockwaves around the globe, low-income developing countries (LIDCs) are in a particularly difficult position to respond. LIDCs have both been hit hard by external shocks and are…
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Unemployment in Today’s Recession Compared to the Global Financial Crisis
There has been much discussion in recent months about how workers who transitioned to working from home—and those who were deemed “essential”—are less affected by the layoffs and job losses brought on by…
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Fundamentals of Investing: An Emergency Fund
It is important that you see yourself as a company with a structure from earning money, to saving it, to budgeting for expenses and then investing. There should be room for liquidity first.…
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SEPLAT: Global Dynamics Support Medium Term Growth Expectations
We value Seplat at #1,706 per share, representing a 21% upside from its current selling price of #1,430, hence, we issue a BUY recommendation. Our valuation is based on three methodologies which include;…
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Transcorp Hotels PLC; Proven resilience amidst strong economic headwinds.
We arrived at a target price of N24.6 per share on Transcorp hotel PLC based on a mix of two valuations metrics- the DCF model with an intrinsic share value of N27, and…
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Is Nigeria’s Population a problem?
Nigeria’s population exploded from 60 million at independence - 1960, to 150m in 2010. Currently, Nigeria has a population of 206 million, growing at a 2.67% annual CAGR. Meanwhile, Nigeria’s food production index…
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How Resilient is NVIDIA in the Face of Today’s Downturn?
The global economy is off to a rough start in 2022, with the Russia-Ukraine conflict, China's lockdown, supply chain chaos, decades-high inflation, soaring oil prices, and increased global market uncertainty all playing a…
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Is a NETFLIX Comeback on the Horizon?
NETFLIX started the year on a rough note as the platform reportedly lost 200k subscribers in Q1-22, the first time in over a decade. The streaming giant is also expected to lose 2…
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DANGCEM Stock Pitch – by Fatai Aminat Ajiun
All forecasted indices highlighted on Dangote Cement Plc. pointed towards growth as it had been since its commencement of business. Though the major risk the company is exposed to are exchange rate fluctuations…
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Nigeria’s Inflation Rate rose to an 8-month High of 16.82% in April 2022
We expect headline inflation to continue its upward trend in the coming months due to the supply disruptions that have ensued from the conflict in Eastern Europe which has left a mark on…
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BUACEMENT: A Dive into Company Performance and Financial Analysis
We issue a sell recommendation on BUA Cement PLC(BUACEMENT.NSE) Based on a target price of ₦58.6k representing a 13% downside on the closing price of ₦70.75 as of march 30th, 2022. Our valuation…
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FMN Plc: The Home of Good Food is Moving Beyond Levels
Flour Mill of Nigeria Plc is one of the leading FMCG and a top market player in the flour-based product market. It is the first company to have constructed Nigeria’s first wheat mill…
