Economy
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Q4-2022 sees Nigeria’s External Position Improve with a Return to Surplus
In Q4-2022, Nigeria’s external position improved, as the current account returned to a surplus position, primarily propelled by a higher trade balance surplus and reduced shortfalls in the services and primary income accounts.…
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Why U.S. Monetary Policy Objectives are Unrealistic and How it Chokes the Global Economy in a Post-Pandemic World (PART TWO)
In the second part of two articles, Abdulmajid discusses the global effects of aggressive monetary policy, in Africa, the EU, and the United States. In addition, He highlights a few analyst recommendations and…
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Why U.S. Monetary Policy Objectives Are Unrealistic and How it Chokes the Global Economy in a Post-Pandemic World (PART ONE)
The Federal Reserve Bank of the United States of America, also referred to as “The Federal Reserve” or “The Fed” or “The U.S. Fed,” has an almost monopolistic influence on the functioning and…
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Cracks in The Armor: Unveiling The First Republic Bank Failure
Prior to its failure, FRB was a California-based lender that served wealthy Americans with low-rate mortgages in exchange for cash, much as SVB, which catered to technology firms. However, things changed when the…
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Beyond Nigeria’s GDP numbers: Is it icing on the cake or the cake itself?
According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) rose by 3.54% y/y in real terms in the second quarter of 2022 (Q2-2022). This shows that the economy expanded…
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Nigeria’s inflation rate hits 19.64% in July 2022, the highest in 17 years
An examination of the NBS inflation data shows that this is the highest since September 2005 when the inflation rate hit 24.32% year-on-year. On a month-on-month basis, the headline inflation rose by 1.82%…
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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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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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Aftereffect of the festive season Leads to a Marginal Slowdown in Inflationary Pressure
Looking further into the year, we recognize the possibility of upside inflation surprises, as the sub-par food harvests of last year could cause food supply to be slim during this year’s planting season,…
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Fiscal Stability – A Need for States to Look Inward
The existing revenue-sharing structure of the government stifles innovation and prevents the state from looking inward to improve revenue since the Federal Allocation remains intact. The major source of revenue for most States…
