CSEA has continued in its tradition of providing rigorous and relevant evidence-based research that is used to inform policies in Nigeria. To provide timely and relevant evidence-based research on Nigeria‟s economy, the Centre established the Information and Data Management Unit (IDM). The main objective of this Unit is to collate qualitative and quantitative data and provide periodic analysis on Nigeria‟s economy. The unit consists of a Research Associate, Research Assistants and Communications officer. The team produces a weekly update of recent happenings in the economy under CSEA‟s thematic research areas.
Crude oil price continued to increase in the period under review, reaching its 2016 peak at $50.30 on June 2, 2016. Specifically, OPEC weekly basket price increased by 1.43 percent from $44.65 on May 27, 2016 to $45.29 on June 3, 2016. Brent was sold for $49.96 on June 3, 2016. The present rise in crude oil price can be attributed to oil production shocks in several oil-exporting countries, and the general expectation of a further cut in output following the OPEC meeting in Vienna on June 2, 2016. However, the OPEC meeting ended with no agreement on production quotas. In Nigeria, oil production level increased in the period under review, following repairs on some of the damaged oil and gas facilities. Precisely, Nigerias output increased by 200,000 barrels on June 3, 2016 to 1.6 million barrels.
This paper examines employment choice and occupational mobility using data from Ghana in a model that incorporates capital market failure, credit constrained individuals and draw self-employment capital from family asset.
Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom