![[INFOGRAPHICS] Countries Where Gasoline Price is Cheapest](https://giftedanalysts.com/wp-content/uploads/2020/07/gifted-1-1.png)
[INFOGRAPHICS] Countries Where Gasoline Price is Cheapest
Nigeria is the 7th country in the world with the cheapest gasoline price per litre. From the list of the top 10, we note that only Qatar, Sudan and Malaysia are not OPEC members.
Nigeria
COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?
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.
The Inflation Interplay in Nigeria
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.
Impact of COVID-19 on the Nigeria Real Estate and Housing Sector
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.
![[ANALYTICS] Domestic Debt Profile by Geo-Political Zone](https://giftedanalysts.com/wp-content/uploads/2020/07/Debt-by-Geo-1.png)
[ANALYTICS] Domestic Debt Profile by Geo-Political Zone
![[ANALYTICS] States with the Highest Debt Profile as at Q1’20](https://giftedanalysts.com/wp-content/uploads/2020/07/Top-10-Highest-1.png)
[ANALYTICS] States with the Highest Debt Profile as at Q1’20
Analysis of the Debt Profile of Nigerian States
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.
How Nigerian Banks Performed in 2019
Here is an analytics of the financial performance of the 14 listed banks on the Nigerian Stock Exchange based on their 2019 financial report.
Five Things we Learnt from the 2019 NBS Poverty and Inequality Report
5 Key things you should know about the poverty situation in Nigeria based on the Nigerian Living Standards Survey.
COVID-19: What we Learnt One Week after Gradual Ease of Lockdown
On 4th May, the first phase of the gradual ease started and residents of Lagos state and Abuja were able to go out to their places of work again. As an independent economic research group, we also set out to observe how the citizens went about their economic activities, how they conveyed themselves, the cost associated with the movement as well as the activities of the transport unions in enforcing social distancing.