Economy

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.

The Global Economic Reset- Promoting a More Inclusive Recovery

By Joshua OlorunsaiyePosted on June 12, 2020Posted in Articles, EconomyTagged COVID-19, Economy, Fiscal Policy, Global, IMF, StimulusNo Comments

By Kristalina Georgieva The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could be pushed into extreme poverty, […]

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.

Global economy on a Tripod: Deflation, Inflation and Recession in 2020

By Abdulazeez KurangaPosted on June 10, 2020Posted in Articles, EconomyTagged COVID-19, Deflation, Global Economy, Inflation, Japan, Nigeria, Recession, StagflationNo Comments

From economic theories, one characteristics of a recession is that price level of goods and services will become low. If this should go by and considering that economic theories are in favour of low inflation to boost economic growth, then the low prices of goods and services is meant to be a factor that will lift economies from contraction to boom. However, this is not always the case especially for countries experiencing deflation.

The Economics of Printing the Naira

By Gifted AnalystsPosted on May 31, 2020Posted in Articles, EconomyTagged Bond, cbn, External Reserve, Federal Government, forex, naira, Print1 Comment

This article explains why the idea of printing more money is unfounded given the state of the Nigerian economy.

2019 States IGR Report: States are not Taxing the Informal Sector Enough

By Sheriffdeen AdeotiPosted on May 27, 2020Posted in Articles, EconomyTagged FAAC, IGR, informal sector, Lagos State, local government, Salaries, StatesNo Comments

65% of the total revenue of the 36 states and the FCT in 2019 came from FAAC while the remaining 35% came from IGR of the states. From the IGR, over 60% came from the formal sector (PAYE) while 20% came from the informal sector (Other Taxes and Direct Assessment).

Nigerians in Canada: Landed Permanent Residents as at 2019 is Likely to be Approximately 75,938

By Joshua OlorunsaiyePosted on December 30, 2019Posted in EconomyTagged Canada, Data analysis, Master Class, Nigerians, Residents1 Comment

This thread will be looking at Population breakdown of Nigerians in Canada, Population in select cities & industry in such cities, Yearly number of landed immigrants from 2006, Notable Stores & Restaurants in select cities and Some notable Nigerians in Canada as well as what they do.