Nigeria Archives - Page 6 of 9

COVID-19: The Trouble that Lies Ahead for the Federal Accounts Allocation Committee (FAAC)

By Abdulazeez KurangaPosted on April 3, 2020Posted in Analytics, ArticlesTagged Coronavirus, COVID-19, FAAC, Nigeria, Pandemic, VAT, World1 Comment

This article explains the trouble that lies ahead of FAAC going forward by first graphically explaining the relationship between oil prices and total monthly allocation, then examining the trend in monthly revenue sharing since 2017, compare with other months and years, as well as forecast what will happen going forward given the global pandemic as well as the price war which have led to share decline in the price of crude oil in the international market.

COVID-19: Why Nigeria is Likely to Record Increased Number of Cases in Coming Weeks

By Abdulazeez KurangaPosted on April 1, 2020Posted in ArticlesTagged China, Coronavirus, COVID-19, Nigeria, Pandemic, South AfricaNo Comments

The Virus which was declared a global pandemic by the WHO on March 11, 2020, has had impact into all markets and economies of the world. With 853,799 cases recorded and over 42,000 deaths, it has a mortality rate of 4.92% as at March 31, 2020. It is now present in virtually all countries of […]

COVID-19 & Cheap Oil: An SSA Market Update

By Abdulazeez KurangaPosted on March 27, 2020Posted in ArticlesTagged Coronavirus, COVID-19, Ghana, Kenya, Nigeria, Russia, Saudi Arabia2 Comments

Being what we learnt from the RenCap Securities Conference Call held on 25th March 2020 According to the global chief economist of RenCap, Charles Robertson, the COVID-19 outbreak in Italy shows that the 12 days lag before the virus infection rate goes up, is valid. As such, New York is expected to experience a peak […]

The Biggest Gainers in the Coronavirus Economy

By Abdulazeez KurangaPosted on March 22, 2020Posted in ArticlesTagged Coronavirus, Economy, Health Insurance, Netflix, Nigeria, World, Zoom4 Comments

As a result of the outbreak of COVID-19, countries have restricted the movement of its citizens. In California, the residents have been advised to stay at home and only can go out when it is absolutely necessary. Italy and France have also ordered a total lock down while different countries such as the United States, […]

The Much Damages Coronavirus has Done to the Global Stock Market

By Abdulazeez KurangaPosted on March 21, 2020Posted in ArticlesTagged Commodities, Coronavirus, COVID-19, Economy, Global, Nigeria, Stock ExchangeNo Comments

In the global stock market, the impact has been overwhelming as investors rally around to look for safe havens. The DOW-Jones, S&P 500 and NASDAQ have all entered into the bear market as a result of COVID-19. According to the rules of the New York Stock Exchange (NYSE), trading on the floor of the exchange […]

Empirical Relationship between the Price of Crude Oil and Nigeria’s Real GDP Growth Rate

By Abdulazeez KurangaPosted on March 14, 2020Posted in AnalyticsTagged ARAMCO, Crude Oil, Nigeria, Real GDP, SaudiNo Comments

Have you wondered by how much Nigeria will grow if oil price remains at this current rate? What is the impact of oil price of between $30 and $40 per barrel on real GDP growth rate of Nigeria in 2020 and going forward?

This article provides answers to that.

Q3 2019 Industry Report for the Banking Sub-Sector

By Abdulazeez KurangaPosted on February 16, 2020Posted in Articles, Business & FinanceTagged Banks, First Bank, GTBank, Industry, Listed securities, Nigeria, NSE, Report, tier-1, Zenith BankNo Comments

This report provides an industry analysis into the activities and performance of the banking sector in 2019. Here, all the banks listed on the NSE would be analyzed based on financial performance as well as performance in terms of their respective share prices.

Assessment of Nigeria’s Economic Performance in 2019

By Abdulazeez KurangaPosted on February 12, 2020Posted in Analytics, ArticlesTagged Economic, GDP, Inflation Rate, Nigeria, NSE, Performance, Stock Exchange, Trade2 Comments

Major broad highlights of the year range from the country’s general elections February, to the world credit rating agencies downgrading Nigeria in December. This research report provides a broad assessment into Nigeria’s economic performance in 2019.

Major Announcement and its Impact on Social Media Followers: The Case of Odion Jude Ighalo

By Abdulazeez KurangaPosted on February 3, 2020Posted in ArticlesTagged Followers, Ighalo, Manchester United, Nigeria, Social MediaNo Comments

Few Examples Before Odion Jude Ighalo It is usual not to be known despite working hard, but as soon as a trigger pulls off, showcasing the work of an individual, people tend to follow the social media account of that individual majorly to keep up to date with the activities of that person. In the […]

Understanding Nigeria’s Budget Performance as Revenue Keeps Under-Performing

By Abdulazeez KurangaPosted on January 29, 2020Posted in ArticlesTagged Budget, Expenditure, Fiscal Operation, Nigeria, Performance, RevenueNo Comments

This research article aims to explain Nigeria’s budget performance by comparing it with the actual performance in each of the fiscal years. While the article gives explanations of some trends from 1981, it is specifically focused on budget performance from 2010 to 2019.

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