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Analysis of Nigeria’s Fiscal Revenue from January to April 2020
₦1.25 trillion was expected to be generated in January and February, however, ₦952.5 billion and ₦845.1 billion was generated respectively implying that only 76% and 68% of expected revenue were achieved. The month…
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Launching a New Academic Year under the Cloud of COVID-19
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…
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Nigeria’s Double Whammy of Inflation and Unemployment Increases
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…
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H1’20 Review of Activities in Nigeria Equities Market
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…
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Fallacy of an African Giant
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)…
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Global Imbalances and the COVID-19 Crisis
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…
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The Inflation Interplay in Nigeria
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…
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New World Bank Country Classifications by Income Level: 2020-2021
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…
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Towards a Unified Foreign Exchange Rate System in Nigeria
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…
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Continuous Increase in Inflation Rate: What will the CBN Do?
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…
