Sheriffdeen Adeoti, Author at Gifted Analysts

Launching a New Academic Year under the Cloud of COVID-19

By Sheriffdeen AdeotiPosted on August 22, 2020Posted in AgenciesTagged Academic, COVID-19, Pandemic, School, World BankNo Comments

The next few weeks mark the beginning of the school year across the northern hemisphere. Per the World Bank School Closure data, (School Closures and Affected Students by country; a World Bank tracking tool) sixty-seven countries, almost half of them located in Europe and Central Asia, have reopened or are expecting to reopen schools by September. This year, the safety of students and teachers vis-a-vis the coronavirus (COVID-19) spread is top priority.

Nigeria’s Double Whammy of Inflation and Unemployment Increases

By Sheriffdeen AdeotiPosted on August 20, 2020Posted in EconomyTagged Economic Growth, forex, Inflation, Nigeria, UnemploymentNo Comments

Persistent rise in the general price of goods within an economy is acclaimed inflation. Increasing prices could signal consumption spending by economic agents within the economy, however persistent rise makes fixed income earners and fixed securities like bonds worse off. A healthy level of inflation (1-3%) is acceptable to propel economic growth. If consumption spending […]

H1’20 Review of Activities in Nigeria Equities Market

By Sheriffdeen AdeotiPosted on August 17, 2020Posted in Business & FinanceTagged COVID-19, Equities, ETFs, FDI, FPI, NSE, Pandemic, Performance, Stock ExchangeNo Comments

Although Stock bourses are forward looking in nature, they generally portray the momentum of the economy. An upward trend could signal investors’ confidence in the market while otherwise could mean sell-offs and economic activities are going south.

Fallacy of an African Giant

By Sheriffdeen AdeotiPosted on August 15, 2020Posted in EconomyTagged analysis, Ghana, Giant, IMF, Kenya, Nigeria, South Africa, World BankNo Comments

This exposition tries to carry out a comparative analysis between Nigeria and selected economies in Africa. South Africa in Southern Africa, Egypt from Northern Africa, Kenya from East Africa and our neighbour (Ghana) in the same West African coast.

Global Imbalances and the COVID-19 Crisis

By Sheriffdeen AdeotiPosted on August 5, 2020Posted in Africa & World EconomyTagged COVID-19, External Sector, Global, Pandemic, Trade, Trade BalanceNo Comments

A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts for 2020 imply only a further narrowing by some 0.3 percent of world GDP, a more modest decline than after the global financial crisis 10 years ago.

The Inflation Interplay in Nigeria

By Sheriffdeen AdeotiPosted on July 17, 2020Posted in EconomyTagged Exchange Rate, External Reserve, Foreign, Inflation Rate, NBS, Nigeria, South Africa, TradeNo Comments

Five years ago, 5 naira and 10 naira currency were a significant part of our national denomination, and you could walk into any shop and get sweets, biscuits for that amount. This same 5 and 10 naira are becoming hard to come by, with little or no purchasing power. Coins have gone into extinction, confined to the books of accounts only, telling us the currency keeps losing its value with the passage of time.

New World Bank Country Classifications by Income Level: 2020-2021

By Sheriffdeen AdeotiPosted on July 13, 2020Posted in AgenciesTagged classification, Country, Income Distribution, World, World BankNo Comments

It is important to emphasize that the World Bank’s income classifications use the GNI of the previous year (2019 in this case). Thus, the GNI numbers that are used for this year’s classification do not yet reflect the impact of COVID-19.

Towards a Unified Foreign Exchange Rate System in Nigeria

By Sheriffdeen AdeotiPosted on July 5, 2020Posted in EconomyTagged Bond, cbn, economics, External Reserve, forex, naira, PrintNo Comments

In a bid to increase access to Forex, the CBN created the I&E FX (Investors and Exporters Forex Window) in 2017 for importers in order to ease the pressure faced by the businessmen in the foreign exchange market. However, there still have been disparities among the CBN official rate, I&E rate (also known as NAFEX) and the parallel market rate.

Continuous Increase in Inflation Rate: What will the CBN Do?

By Sheriffdeen AdeotiPosted on June 18, 2020Posted in EconomyTagged cbn, COVID-19, Inflation, Interest Rate, MPR, NBSNo Comments

Nigeria’s Headline inflation increased by 12.4% (year-on-year) in May 2020, 6bps (0.06%) higher than the rate recorded in the previous month (12.34%), marking a ninth consecutive month of increase in inflation since August 2019 (11.02%) and a 25-month high of April 2018 (12.48%). The 12.4% inflation rate means that on the average, if a goods cost NGN100 in May 2019, 12 months ago, the consumer will actually pay NGN112.4 for the same commodity in May 2020.

Capital Importation in Nigeria: Why is FDI so Low?

By Sheriffdeen AdeotiPosted on June 11, 2020Posted in Articles, EconomyTagged Banks, Bonds, capital, COVID-19, FDI, FPI, Importation, Nigeria, SharesNo Comments

In a recent publication by the NBS, total value of capital imported into the country stood at $5,854.38m in Q1 2020. This represents an increase of 53.97% compared to Q4 2019 and -31.19% decrease compared to the first quarter of 2019. Foreign Portfolio Investment (FPI) accounted for 73.61% ($4,309.47m) of total capital imported, followed by Other Investment, which accounted for 22.73% ($1,330.65m) of total capital.

Author: Sheriffdeen Adeoti