IN THE ANALYSIS

The week ahead – Brace for impact

Nigeria’s economy grew 1.87 percent in real terms in the first quarter of 2020 year-on-year, the National Bureau of Statistics said on Monday, shrinking from the previous quarter as oil prices and international trade fell due to the coronavirus pandemic. It is the slowest quarterly growth rate in one-and-a-half years even as the country is yet to recover from a 2016 recession that led to more than 13 million job loss. On the contrary, The total value of capital inflows into the country stood at $5.854 billion in the Q1’20, representing a 53.97 percent increase compared to $3.802 billion recorded in Q4’19. However, there are fears that the numbers might drop in the coming quarters as the impact of COVID-19 pandemic begins to set in. The NBS data showed that the largest amount of capital importation by type was received through portfolio investment at $4.309 billion, accounting for 73.61 percent of total capital importation, followed by other Investment, which accounted for 22.73 percent at $1.33 billion of total capital, and Foreign Direct Investment which accounted for 3.66 percent $214.25million of total capital imported in Q1 2020. In the Q2’19, the country’s real GDP at basic prices grew by 2.12 percent ...
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ANALYSIS

The week ahead – Brace for impact

Nigeria’s economy grew 1.87 percent in real terms in the ...
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The week ahead – Losing control

Two sources of foreign exchange for Nigeria took a hit ...
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Chart of the week: The SBM state health preparedness index

A note on the methodology: in the first version of ...
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The week ahead – Unprepared to upset the apple cart

About 23,000 residents in northwest Nigeria ravaged by violence have ...
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Victory in Europe, Africa and the current world order

On the 8th of May 1945, Admiral Karl Doenitz signed ...
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The week ahead – Community service

Data from the National Bureau of Statistics show that 82.9 ...
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Nigeria after COVID-19

Nigeria faces a new bout of economic uncertainty arising from ...
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The week ahead – The clouds thicken

Abba Kyari, died on 17 April, after struggling for many ...
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Video: The new scramble for Africa

The world is undergoing a major geopolitical realignment. In all ...
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Chart of the week: Trouble for the sharing formula

Signs of trouble are brewing as the Federation Account Allocation ...
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The week ahead – Out of breath

The IMF has projected that Nigeria’s economy will recede by ...
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The SBM Jollof Index: The black swan glides in

Nigeria experienced a series of events in the leadup to ...
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The week ahead – Fluffing our lines

President Muhammadu Buhari has ordered that all loans received from ...
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The week ahead – A black swan

As the coronavirus takes hold, the Punch has reported that ...
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Constitutional implications of the coronavirus pandemic in Nigeria

If there were any lingering doubts in the minds of ...
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The week ahead – Chasing a pandemic

The FG has announced significant changes to its 2020 budget ...
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The week ahead – Crude reality

The Doyin Salami-led Economic Advisory Council appointed by President Muhammadu ...
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Covid-19 and a price war make the perfect storm

Share prices across the world sank on Monday as panicked ...
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The week ahead – Backed into a corner

Nigerian authorities have been in touch with around 100 people ...
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Video: Coronavirus and Nigeria’s oil security

The coronavirus, COVID-19, is spreading around the world and is ...
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The week ahead – No silver bullets

The first case of coronavirus was confirmed in Nigeria on ...
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Coronavirus: It’s potential effect on Nigeria’s economy

On the last day of 2019, the World Health Organisation’s ...
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The week ahead – Significant kerfuffles

Nigeria’s national security adviser, Babagana Monguno, has issued a warning ...
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The week ahead – Far from a happy Valentine’s

A lack of confidence in the ability of the political ...
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