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CATEGORY

Economics

IMF Warns Sanctions Against Russia to Weaken Dominance of Dollar

The recent financial sanctions imposed on Russia for its invasion of Ukraine are threatening to weaken the dominance of the U.S. petrodollar as the...

World Bank Says Number Of Poor Nigerians Will Rise To 95.1 Million In 2022

The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. President Muhammadu Buhari...

Nigeria : Income Per Capita Stagnant Despite Continued Economic Recovery

Nigeria’s economic recovery gained momentum in the third quarter of 2021, as the low base in the non-oil sector supported output and secured a...

Nigeria’s Most Indebted Corporates Signal China’ Evergrande Crisis

China’s property developer Evergrande’s debt crisis that sent shockwaves across the world’s second biggest economy is an eye opener for Nigeria’s policy makers and...

Larry Summers Slams “Woke” Fed “Losing Control” Of Inflation

Former Treasury Secretary Larry Summers has warned that monetary policy makers in the U.S. and elsewhere are paying too much attention to social issues...

Like ‘Tail Wagging Dog’ BDCs Proliferation Set Stage for Naira Chaos

…CBN has licensed 3,177 new BDCs since 2014 under Emefiele The Bureaux de Change (BDC) segment of the Nigerian foreign exchange (FX) market was supposed...

Time for CBN to Change Policy Direction on Naira Stability Fight

Almost every week there seems to be a new boogeyman added to the long and growing list of enemies the Central Bank of Nigeria...

The Trillion-Naira Rotation That’s Endangering Your Nest Egg

Money market securities are often considered a good place to invest funds that are needed in a shorter time period—usually one year or less. Money...

South Africa Unemployment Rate Rises to Highest in the World

South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg. Namibia was second while Nigeria came in...

The Curious Case of Nigerian Asset Allocations

Introduction Forecasting financial outcomes is a challenging task because economic and financial variables tend to change without notice to market participants. Empirical evidence, sensible judgement...

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