Research and Analytics
Research and Analytics
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 (normalized to 100), currently at 107, is a 2.10% annual CAGR between 2007 and 2020.
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 role. This year has seen billions of dollars wiped off NVIDIA’s market capitalization, just like
other tech giants (down 48 percent YTD). Is NVIDIA well-equipped to weather the current bear market?
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 million more subscribers in the second quarter of 2022. Can NETFLIX make a rebound from this trajectory? How will NETFLIX fare during the post-lockdown era?
Let’s time travel back in time to see why Card and Krueger’s work was such a revolution. It was the early 1990s. A Tribe Called Quest and Nirvana were blaring on sound systems. People were wearing neon colors and saying words like “cowabunga.” And these two young, Ivy League economists were working on a blockbuster study that would not only revolutionize thinking about the minimum wage — but also revolutionize thinking about how economic studies should be done.
It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed. Yet, even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible. Thanks to the ingenuity of the scientific community hundreds of millions of people are being vaccinated and this is expected to power recoveries in many countries later this year. Economies also continue to adapt to new ways of working despite reduced mobility, leading to a stronger than anticipated rebound across regions. Additional fiscal support in large economies, particularly the United States, has further improved the outlook.
In our latest World Economic Outlook, We are now projecting a stronger recovery for the global economy compared with our January forecast, with growth projected to be 6 percent in 2021 (0.5 percentage point upgrade) and 4.4 percent in 2022 (0.2 percentage point upgrade), after an estimated historic contraction of -3.3 percent in 2020.
Being the transcript of the questions and answers segment of the discussions with the founders of SCALE which was held at the GIFTEDANALYSTS WhatsApp group chat on 20th March 2021.
As we approach inauguration day, exactly two weeks after the Capitol insurrection, Americans are on edge. About twenty thousand National Guard soldiers will provide security tomorrow; more troops than in Iraq and Afghanistan. Our political situation feels shaky and our institutions fragile. It’s like we’re living in a bad Tom Clancy novel. We couldn’t reach Tom Clancy, so we called up the authors of Why Nations Fail instead. We wanted to figure out if the insurrection is a sign our nation is failing, and, if so, if there’s anything we can do about it.
The IMF analyzed the economic effects of lockdowns and voluntary social distancing using two high-frequency proxies for economic activity: mobility data from Google and job openings posted on the website Indeed. As illustrated in the top chart below, over the entire sample of 128 countries used in the analysis, lockdowns and voluntary social distancing contributed equally to the drop in mobility during the first 3 months of a country’s epidemic.
MTN Nigeria increased its subscribers base by adding 6.8m to its network totaling 71.1m mobile subscribers as of June 2020. Total revenue generated was up by 12.5% (y/y) to ₦638.08bn for the first half of the year, compared to ₦566.95bn generated in the same period in 2019. Growth in revenue was largely driven by a 12.6% increase in revenue from Services provided which accounted for 99.8% of total revenue (₦636.99bn).
Service revenue included revenue from its core activities of providing voice calls, data services, digital platforms, fintech (MoMo), and Other services (SMS, USSD, etc.).
With 84% of Nigeria’s export (as at Q2’2020) as oil products, we reiterate that Nigeria does not really have an import problem. Nigeria has an export problem and until that problem is solved, average Nigerians will always suffer higher commodity prices due to the demand management strategy of the CBN anytime external shocks occur in the oil market.
