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Transcorp Hotels PLC; Proven resilience amidst strong economic headwinds.
We arrived at a target price of N24.6 per share on Transcorp hotel PLC based on a mix of two valuations metrics- the DCF model with an intrinsic share value of N27, and…
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Corruption and COVID-19
Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way…
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COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?
The amount remitted by migrants from Sub-Saharan Africa (SSA) has grown tenfold in two decades, from $4.8 billion in 2000 to $48 billion in 2018. This reflects a steady increase in the number…
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Reopening from the Great Lockdown: Uneven and Uncertain Recovery
Compared to the April World Economic Outlook forecast, the IMF now projects a deeper recession in 2020 and a slower recovery in 2021. Global output is projected to decline by -4.9 percent in…
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Why Reopening Isn’t Enough To Save The Economy
This article provides key insights of a blockbuster study that was dropped late last week by a gang of economists led by Harvard's Raj Chetty.
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US Shale Could Crash the Oil Market Recovery
The oil price crash was the result of a severe decline in international oil demand thanks to the spread of the novel coronavirus, made infinitely worse by an ensuing oil price war between…
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Cashing In: How to Make Negative Interest Rates Work
By Ruchir Agarwal and Signe Krogstrup, IMF Blog / Image Credit: IMF Many central banks reduced policy interest rates to zero during the global financial crisis to boost growth. Ten years later, interest rates remain low in…
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Tracking Trade During the COVID-19 Pandemic
Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their position, speed, and other information many times a day. A new IMF methodology using these data can help…
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Operational Lessons for COVID-19: What can we Learn from Past Outbreaks?
By JACOB BATHANTI and DEBRA LADNER / Image Credit: World Bank As COVID-19 (coronavirus) spreads around the world, governments and development organizations are thinking hard about how to respond effectively. Trajectories of the…
