December 7, 2023

Renewable green hydrogen energy: performances amidst global disturbances

Green hydrogen is a promising alternative towards the global target of mitigating greenhouse gas emissions. As such, attention is geared towards green energy hydrogen technologies and markets. Invariably, this also…

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December 3, 2023

Implications of Growing Wind and Solar Penetration in RetailElectricity Markets with Gradual Demand Response

Time-of-use pricing in retail electricity markets implies that wholesale market scarcity becomes easily communicated to end consumers. Yet, it is not well-understood if and how the price formation process in…

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November 30, 2023

Game of strokes: Optimal & conversion strategy algorithms with simulations & application

Strategic decision-making for sequential move games requires rationality and continuity of ra[1]tionality to guarantee maximum payoffs at all nodes/stages/levels. Rationality and continuity of rationality in a player’s behaviour are not…

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November 29, 2023

Generative AI for Long-Term Advancement and Inclusive Transformation: Empowering Africa’s Future

This policy insight highlights the impact of generative Artificial Intelligence (AI) on various sectors of the African economy and identifies some of the factors limiting the responsible adoption and growth…

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November 28, 2023

Nigeria Economic Update (Issue 44)

The October 2023 Cadre Harmonisé analysis on food insecurity conducted by the Food and Agricultural Organization (FAO) in partnership with the Nigerian government revealed that 26.5 million Nigerians will face…

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November 27, 2023

Nigeria Economic Update (Issue 43)

Data released by the Budget Office of the Federation shows that debt service payments on external and domestic debts in the first quarter of 2023 stood at ₦1,317.08 billion, indicating…

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November 27, 2023

Nigeria Economic Update (Issue 42)

According to Central Bank of Nigeria (CBN) data on money and credit, Money Supply (M3) stood at N67.2 trillion in September 2023, an increase of 36.2% from N49.3 trillion in…

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November 14, 2023

Nigeria Economic Update (Issue 41)

According to data from the World Population Review, Nigeria has the world’s second-highest number of homeless people. 24 million Nigerians do not have homes, accounting for nearly 10% of the…

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October 27, 2023

Nigeria Economic Update (Issue 40)

According to the World Bank, the Nigerian currency (naira) has depreciated by almost 40% since the beginning of 2023. The depreciation is not only limited to Nigeria. Other African countries’ currencies…

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October 12, 2023

Nigeria Economic Update (Issue 39)

According to the latest Transport Fare Watch of the National Bureau of Statistics (NBS), transportation costs increased significantly in August 2023. The average fare paid by bus passengers within the…

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October 11, 2023

Nigeria Economic Update (Issue 38)

The National Bureau of Statistics (NBS) publication on Terms of Trade (TOT) shows a deterioration in Q2 2023. Term of Trade measures the relative price of imports to exports. In April, it…

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October 9, 2023

Nigeria Economic Update (Issue 37)

Data from the September 2023 report of the Organization of Petroleum Exporting Countries (OPEC)shows that Nigeria’s oil output rose by 9.3% from 1.08 mb/d recorded in July to 1.18 million…

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September 28, 2023

Nigeria Economic Update (Issue 36)

According to the rail transport data released by the National Bureau of Statistics (NBS) in Q2 2023, the volume of goods/cargos transported for Q2 2023 reached 56,029 tons, compared to 31,197 tons in…

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September 28, 2023

Nigeria Economic Update (Issue 35)

According to the National Bureau of Statistics (NBS) report on Foreign Trade in Goods for the second quarter of 2023, total trade stood at N12.7 trillion, a decline of 7.6% from N13.8…

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September 22, 2023

Instructional Alignment in Nigeria using the Surveys of Enacted Curriculum

Systematic, quantitative evidence on education system coherence is limited. Prior research has indicated alignment of instructional components, such as curriculum standards, assessments, and teachers’ instruction, is important for children’s learning.…

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September 19, 2023

Nigeria Economic Update (Issue 34)

According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 2.51% (year-on-year, YoY) in real terms in the second quarter (Q2) of 2023. This growth rate is less…

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