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Commercial Real Estate at a Crossroads
Empty office buildings. Reduced store hours. Unbelievably low hotel room rates. All are signs of the times. The containment measures put in place last year in response to the pandemic shuttered businesses and…
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A Beginner’s Guide to CBN’s Ways and Means to the Federal Government of Nigeria
CBN’s financing of the FGN deficits seems to be a structural one and not a one-off event. This is because historical data has shown that the CBN has been financing a huge part…
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Financial Performance of Dangote Cement Plc in the First 9 Months of 2020
In the first 9 months of 2020, Dangote Cement (DANGCEM) plc was able to grow its revenue by 12% on the basis of solid production volume (+5.6% y/y to 18.40 million tonnes) with…
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The Economics of Big Brother Naija (BBN)
A huge part of the revenue from SMS goes to the telecoms operators. Specifically, MTN rakes in 70% of the revenue, Glo rakes in 80% while Airtel rakes in 75%. Withholding tax of…
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[Archive] From Recession to Growth: The Story Of Nigeria’s Recovery from the 2016 Economic Recession
Being a Paper presented by Godwin I. Emefiele, Governor, Central Bank of Nigeria at the Special Convocation of the University of Nigeria, Nsukka, on Friday, May 17, 2019 at the Princess Alexandra Auditorium,…
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2021-2023 MTEF: Key Implications and Market Impact
We recently received the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) released by the budget office of the Federation. We have thus provided an update on the key highlights,…
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[INFOGRAPHICS] H1’20 Top and Bottom Line of Cement Companies in Nigeria
Nigerian cement companies recorded aggregate growth in their revenues and net income for the half year ended Jun’2020. From our analysis, we highlight that cement volumes actually declined for the companies during the…
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Corruption and COVID-19
Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way…
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[INFOGRAPHICS] 7-Year Comparison of Operating Profits of Brewers in Nigeria
The brewing companies in Nigeria have had their operating profits decline over the years and Nigerian Breweries still appears to be the most efficient of the three major brewers in the country with…
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COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?
The amount remitted by migrants from Sub-Saharan Africa (SSA) has grown tenfold in two decades, from $4.8 billion in 2000 to $48 billion in 2018. This reflects a steady increase in the number…
