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Research and Analytics

FDI

Nigeria: A Frail Giant?

By Fawaz AyobamiPosted on Posted in EconomyTagged , , , , , , , , , , No Comments on Nigeria: A Frail Giant?

Since President Muhammadu Buhari’s re-election in 2019, the country has faced a myriad of social and economic challenges. Inflation had surged from 11.40% in May 2019 to 17.33% last month; the Naira has been devalued three times, losing 33% of its value, insecurity has increased, and the general investment climate has waned. All these have happened while Nigerians have not seen any meaningful increase in their economic welfare: the country slumped into a second recession in five years. Many states have found it challenging to implement the new minimum wage signed into law in 2019. We also note that even if all the states had implemented the new minimum wage, the total number of civil servants to the entire labour force is considerably low. To sum it, you would still be worse off if you hold 2X the same Naira note you had in 2010 today.

The Unholy Union Between the Naira and Devaluation

By Fawaz AyobamiPosted on Posted in EconomyTagged , , , , , , , , 4 Comments on The Unholy Union Between the Naira and Devaluation

In 2020, the Naira lost 25% and 27% of its value at the NAFEX and parallel exchanges, respectively. This quickly disrupted my plans, as I had planned to upskill and purchase some courses priced in dollars at the onset of the year. My disappointment prompted me to visit the CBN’s website in search of its policy stance per the Naira. The website says the apex bank’s exchange rate policy is managed floating – a market-friendly term adopted by developing countries who operate some form of pegged regime. I murmured, why did the Naira not appreciate, and why is it always under severe downward pressure?

H1’20 Review of Activities in Nigeria Equities Market

By Sheriffdeen AdeotiPosted on Posted in Business & FinanceTagged , , , , , , , , No Comments on H1’20 Review of Activities in Nigeria Equities Market

Although Stock bourses are forward looking in nature, they generally portray the momentum of the economy. An upward trend could signal investors’ confidence in the market while otherwise could mean sell-offs and economic activities are going south.

Capital Importation in Nigeria: Why is FDI so Low?

By Sheriffdeen AdeotiPosted on Posted in Articles, EconomyTagged , , , , , , , , No Comments on Capital Importation in Nigeria: Why is FDI so Low?

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.

Download Data on Impact of FDI on Poverty Alleviation

By Joshua OlorunsaiyePosted on Posted in Analytics, DataTagged , , , , , No Comments on Download Data on Impact of FDI on Poverty Alleviation

The excel sheet below contains data on Poverty rate in Nigeria, Foreign Direct Investment, Foreign Portfolio Investment, External Debt and Exchange rate. While Poverty rate is the dependent variable, FDI, FPI, EXD and EXR serve as the independent variables. All the data start from 1981 with the exception of both FDI and FPI that start […]

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