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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…
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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…
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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…
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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…
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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…
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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…
