Why Restricting FX For Food Import is a Misplaced Priority
When you look at the size of Nigeria's neighbours, you wonder what all the fuss is about. You worry about smuggling but look at the total size of Benin's imports - ridiculously low.…
Global Imbalances and the COVID-19 Crisis
A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts…
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…
Tracking Trade During the COVID-19 Pandemic
Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their position, speed, and other information many times a day. A new IMF methodology using these data can help…
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,…
Assessment of Nigeria’s Economic Performance in 2019
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…
Nigeria’s Export Trade is Still Largely Driven by Crude Oil
The aim of this research work is to identify the key drivers of growth in the export category as well as examine the compositions of Nigeria’s imports while explaining the country’s misplaced priority…
