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Research and Analytics

Currency

Aftereffect of the festive season Leads to a Marginal Slowdown in Inflationary Pressure

By Temiloluwa BabatundePosted on Posted in EconomyTagged , , , , , No Comments on 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, hence, propelling staple food prices northwards. Also, the impact of a base-effect sponsored moderation should become less material as we move further into the year, leaving the rate of inflation susceptible to the pass-through effect of soaring energy costs (fuel, electricity and gas), increased taxes associated with the finance act and currency depreciation. Our baseline expectation is for the headline inflation to average 14.81% in 2022 compared with 16.98% in 2021.

Legally Speaking, is Digital Money Really Money?

By Adebisi SamuelPosted on Posted in Africa & World EconomyTagged , , , , , No Comments on Legally Speaking, is Digital Money Really Money?

Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency.

But, in fact, close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear.

Dominant Currencies and the Limits of Exchange Rate Flexibility

By Aminu MusaPosted on Posted in AgenciesTagged , , , , No Comments on Dominant Currencies and the Limits of Exchange Rate Flexibility

Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies have weakened sharply. Will these currency movements support the recovery of these economies?

Why the Central Bank of Nigeria will Devalue the Currency in 2020

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , , 8 Comments on Why the Central Bank of Nigeria will Devalue the Currency in 2020

With the Coronavirus outbreak having its toll on business and economic activities, recently released trade figures as well as policies not having their desired effects, we believe that there will be an unexpected naira devaluation in 2020. This is why we explained our reasons in this article.

Empirical Analysis of the Criteria for the Adoption of “Eco” Currency

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , , , , No Comments on Empirical Analysis of the Criteria for the Adoption of “Eco” Currency

This research work concentrates on analyzing how each of the West African Countries have performed in terms of meeting the inflation target, fiscal deficit, debt as a percentage of GDP, import cover as well as the target of tax revenue as a percentage of GDP.

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