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

By Abdulazeez KurangaPosted on Posted in Analytics, ArticlesTagged , , , , , , 1 Comment on COVID-19: The Trouble that Lies Ahead for the Federal Accounts Allocation Committee (FAAC)

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.

The Biggest Gainers in the Coronavirus Economy

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , 4 Comments on The Biggest Gainers in the Coronavirus Economy

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, […]

In their Numbers: How Coronavirus is Hurting the Global Economy

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , No Comments on In their Numbers: How Coronavirus is Hurting the Global Economy

The last time oil price was at a low of between $20 and $26 per barrel was in 2003. Bloomberg reports that the last time factories were shut down up to the level they are shut in the last two months, was during the Second World War. That is, biggest factory shut down since WWII […]

Left Handedness: The Unsung Struggles of a Major Minority

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , No Comments on Left Handedness: The Unsung Struggles of a Major Minority

Handedness refers to the more preferred hand of an individual, usually the better skilled hand. Society made me believe that there exist two groups: Right and Left handers. But I have been around long enough to know that this classification is nothing but a scam; at least in the part of the world where I come from. To tell the truth, there includes just one group and a bunch of ‘un-usuals’ who constitute a minority—A major minority.

Macroeconomic Analysis and Comparison of Some Selected Countries in Africa

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , , No Comments on Macroeconomic Analysis and Comparison of Some Selected Countries in Africa

With an estimation that over half of global population growth through 2050 will come from Africa (UN Estimates), the continent has the world’s fastest growing population. The continent is a 2.49 trillion dollars economy in terms of GDP (a total of 54 countries) and it houses around 1.2 billion people. The aim of this research is therefore to provide macroeconomic analysis of four countries (Nigeria, Kenya, Egypt and South Africa) given the fact that they constitute the largest markets of Financial Technology in Africa.

Q3 2019 GDP: Nigeria Records its Second Highest Quarterly Real Growth Rate Since 2016

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , 1 Comment on Q3 2019 GDP: Nigeria Records its Second Highest Quarterly Real Growth Rate Since 2016

Nominal and Real GDP Explained The GDP (a measure of the size of an economy) is the monetary value of all goods and services produced in a country during a given period of time and it can be calculated on either quarterly and/or annual basis. As an example, the monetary value of the rice sold […]

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