April 7, 2021

Nigeria Economic Update (Issue 12)

Inflation rate for February 2021 rose for the 18th consecutive month to its highest rate since February 2017.1 SGeoffrey Johnson Obipecifically, inflation rate increased to 17.33 percent in February 2021…

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April 6, 2021

Illicit Tobacco Trade in Nigeria

In this study, we document successful cases of effective synergies in countries that, like Nigeria, display a significant presence of the tobacco industry and face similar challenges to trade regulation…

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March 24, 2021

Nigeria Economic Update (Issue 11)

Total Nigeria merchandising trade stood at N9.12 trillion in the fourth quarter of 2020, representing an 8.9 percent increase relative to the preceding quarter and a 9.9 percent decrease relative…

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March 24, 2021

Nigeria Economic Update (Issue 10)

The Central Bank of Nigeria (CBN) has introduced the CBN “Naira 4 Dollar Scheme” as an incentive for senders and recipients of international money transfers.1 More specifically, all recipients of…

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March 23, 2021

Improving energy efficiency and interconnectivity in Africa through regional economic integration

Affordable and efficient energy supply is essential for enhanced welfare and better development outcomes. However, African states suffer from huge deficits in energy generation and distribution, resulting in unreliable power…

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March 16, 2021

Nigeria Economic Update (Issue 9)

The World Bank’s Women, Business, and Law (WBL) 2020 index which measures the laws and regulations that affect women’s economic opportunity show that Nigeria scores 63.1 out of 100. This…

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March 5, 2021

Nigeria Economic Update (Issue 8)

Data released by the National Bureau of Statistics indicates that Nigeria’s real Gross Domestic Product (GDP) grew by 0.11% in Q4 20201. Further disaggregation shows that the oil sector contributed…

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March 2, 2021

Nigeria Economic Update (Issue 7)

Data released by the National Bureau of Statistics revealed a decline in total disbursements from the Federation Account in 2020. The Federation Account Allocation Committee (FAAC) disbursed N4.79 trillion1 to…

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March 1, 2021

Agenda for Sustainable Economic Transformation Post-COVID-19 in Nigeria

The COVID-19 pandemic has had a debilitating effect on the Nigerian economy. Specifically, the combination of lockdown measures and the global slowdown of economic activities led to the contraction of…

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February 19, 2021

Nigeria Economic Update (Issue 6)

The International Monetary Fund (IMF) projects that Nigeria’s fiscal balance is estimated to increase considerably. More specifically, general government deficit is projected to widen from 4.8 to 5.9 percent of…

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February 16, 2021

Nigeria Economic Update (Issue 5)

Based on the recently released Corruption Perception Index (CPI) 1, Nigeria is still perceived to be among the most corrupt nations, with a ranking of 149 out of the 180…

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February 12, 2021

Does economic growth, international trade, and urbanization uphold environmental sustainability in sub-Saharan Africa? Insights from quantile and causality procedures

International trade and urbanization are increasing at an unprecedented rate in sub-Saharan Africa (SSA). The region has also witnessed a fair share of economic growth, with minimal investment and consumption…

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February 8, 2021

Nigeria Economic Update (Issue 4)

Data from the National Bureau of Statistics (NBS) shows an overall increase in tax revenues for 2020. Total revenue generated from Value Added Tax (VAT)1 and Company Income Tax (CIT)2…

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January 28, 2021

Nigeria Economic Update (Issue 3)

According to data from the National Bureau of Statistics (NBS), a 0.28% month-on-month increase in the average price of Automotive Gas Oil (diesel) was recorded as the price in December…

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January 27, 2021

Extending MSMEs’ access to trade finance under the AfCFTA

While the African Continental Free Trade Area (AfCFTA) provides opportunities for regional financial sector development, it also poses a real test for the continent’s financial system. The ability of Africa’s…

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January 25, 2021

Nigeria Economic Update (Issue 2)

Discussions are underway between the Nigerian National Petroleum Corporation (NNPC) and a range of foreign and Nigerian trading houses with the NNPC aiming to raise $1 billion oil prepayment towards…

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