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

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?

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.

What is the Impact of Coronavirus on the Nigerian Economy?

An Introduction Though started on December 30 2019 when Dr. Li Wenliang dropped bombshell in his medical school alumni group on WeChat about the kind of illness he had seen from seven patients, the coronavirus was officially recognized by the Chinese scientists on January 7, 2020. According to NYTimes, the virus has sickened more than […]

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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