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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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Can OPEC+ Still Justify Its Deep Output Cuts?
OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening of the supply…
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Why Oil Price Crashed Below $0 Per Barrel
First of all, there are Different Brands of Crude Oil To start, it is worthy to note that there are different variants of crude oil in the international market with the Brent serving…
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Turning the COVID-19 Tragedy into an Opportunity for a New Nigeria
By Godwin Emefiele, Governor of the Central Bank of Nigeria. As many people are now aware, the outbreak of the novel coronavirus disease in China has rapidly permeated and profoundly changed the world.…
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Empirical Relationship between the Price of Crude Oil and Nigeria’s Real GDP Growth Rate
Have you wondered by how much Nigeria will grow if oil price remains at this current rate? What is the impact of oil price of between $30 and $40 per barrel on real…
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Nigeria’s Export Trade is Still Largely Driven by Crude Oil
The aim of this research work is to identify the key drivers of growth in the export category as well as examine the compositions of Nigeria’s imports while explaining the country’s misplaced priority…
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With Saudi Aramco, Oil is not Dead Yet
On Wednesday 11 of December, the World’s largest integrated oil and gas company (and fourth largest integrated refiner in the world) officially listed on the Saudi Stock Exchange after its IPO by selling…
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Nigeria Exports N557.66bln Worth of Agricultural Produce in Two Years as it Earns N31.65 trillion from Crude Oil Export During the Same Period
In this article, we will be particularly concerned about the total value of Nigeria’s agricultural export from Q2 2017 to Q2 2019 (Since Nigeria emerged from the 2016 economic recession in Q2 2017),…
