Research and Analytics
Research and Analytics
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 of people who decided to move in search of a better life: from 21.6 million in 2000, the number of migrants from Africa grew to 36.3 million in 2017.
Five years ago, 5 naira and 10 naira currency were a significant part of our national denomination, and you could walk into any shop and get sweets, biscuits for that amount. This same 5 and 10 naira are becoming hard to come by, with little or no purchasing power. Coins have gone into extinction, confined to the books of accounts only, telling us the currency keeps losing its value with the passage of time.
It is no doubt that the commercial real estate is the hardest hit of all in the property sector during this pandemic. The hotels, retail space, convention centres were all shut down, except for the exempted essential spaces. As the economy begins to open worldwide without a vaccine to cure the virus yet, the impact of Covid-19 has made work-from-home (WFH) more attractive out of necessity.
Analysis into the domestic debt profile of the 36 states and FCT shows that Lagos state with total debt of N444.23 billion has the highest domestic debt stock outstanding among the states and this represents 10.82% of the total domestic debt stock. Lagos, Abuja and Port Harcourt in combined have total debt worth 19.92% of the total domestic debt stock of the 36 states and the FCT. Of the top 10 states based on debt, only Lagos, Ogun, Rivers, Akwa-Ibom and Delta states are among the top 10 states based on 2019 Internally IGR.
Here is an analytics of the financial performance of the 14 listed banks on the Nigerian Stock Exchange based on their 2019 financial report.
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.
From economic theories, one characteristics of a recession is that price level of goods and services will become low. If this should go by and considering that economic theories are in favour of low inflation to boost economic growth, then the low prices of goods and services is meant to be a factor that will lift economies from contraction to boom. However, this is not always the case especially for countries experiencing deflation.
5 Key things you should know about the poverty situation in Nigeria based on the Nigerian Living Standards Survey.
![[ANALYTICS] Domestic Debt Profile by Geo-Political Zone](https://giftedanalysts.com/wp-content/uploads/2020/07/Debt-by-Geo-1.png)
![[ANALYTICS] States with the Highest Debt Profile as at Q1’20](https://giftedanalysts.com/wp-content/uploads/2020/07/Top-10-Highest-1.png)
