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Coronanomics
Nigeria Economy     July 05, 2020
As lockdowns are lifted and loosened, policymakers and experts are debating how to avoid a spike in new cases. World leaders and scientists are also placing much hope on quickly finding a vaccine for COVID-19.
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Capital Market     July 04, 2020
As the virus continues to spread in Nigeria, yields of the 10-year government bond are declining. This indicates that there has been a rise in the demand for bonds which has pushed the yields down as the price of bonds and the yields are inversely related.
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Nigeria Economy     July 03, 2020
The federal government in an attempt to prevent the further spread of the virus in the country restricted movement in major cities like Lagos state, Ogun state and the Federal Capital Territory.
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Monetary Policy     July 02, 2020
The single-sector bias of the Nigerian economy with its huge dependence on crude oil sales for 90% of its foreign exchange earnings and 70% of its fiscal revenues lays out a path to a perfect trilemma:
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Monetary Policy     July 01, 2020
Against the background of Central Banks across the globe cutting interest rates and buying back domestic treasuries (T-bills and bonds), Nigeria's Central Bank recently announced a six-step policy initiative to head off a recessionary dip as the Coronavirus pandemic takes a toll on global economies and threatens to lead them into a recessionary spiral.
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Oil & Gas     June 30, 2020
The oil sector is one of the hardest-hit sectors of the economy. Despite the negative effect of the coronavirus on the oil sector, the sector recorded a growth rate of 5.06% in Q1 2020, an improvement from a growth rate of -1.46% in Q1 2019 and a decline from the growth rate of 6.36% recorded in Q4 2019.
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Nigeria Economy     June 29, 2020
The trade sector contracted by -2.82% in the first quarter of 2020 from -0.58% in Q4 2019 and 0.85% in Q1 2019. The trade sector was adversely affected by the global spread of the coronavirus.
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Transportation     June 28, 2020
Transportation and storage sector is made up of six activities which include road transport, rail transport and pipelines, water transport, air transport, transport services and post and courier services. The transportation and storage grew by 2.82% in Q1 2020 from -0.80% in Q4 2019 and 19.50% in Q1 2019.
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Nigeria Economy     June 27, 2020
The manufacturing sector in Nigeria is comprised of thirteen activities: Oil Refining; Cement; Food, Beverages and Tobacco; Textile, Apparel, and Footwear; Wood and Wood Products; Pulp Paper and Paper products; Chemical and Pharmaceutical products; Non-metallic Products, Plastic and Rubber products; Electrical and Electronic, Basic Metal and Iron and Steel; Motor Vehicles and Assembly; and Other Manufacturing.
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Nigeria Economy     June 26, 2020
Despite the spread of COVID-19, the finance and insurance sector grew remarkably in the Q1 2020. The sector grew by 20.79% in Q1 2020, an improvement from 20.18% in Q4 2019.
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Nigeria Economy     June 25, 2020
COVID-19 has had a quantum impact of Nigeria's Agricultural sector as lockdowns whether partial of full have led to disruptions in the agricultural supply chain and created problems for small and large farm holders across the various states.
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State and Local Govts      June 24, 2020
Lagos state's economy is service-driven. Economic activities in the state can be classified in an unconventional manner of a Night economy, Marine economy, Service Economy and Faith-based economy.
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State and Local Govts      June 23, 2020
To understand the effects of COVID-19 on Nigeria's various states, a deep dive into their debt profiles tells a compelling story of financial leverage going awry, especially when placed side-by-side with their federation account allocation (FAAC) and internally generated revenues (IGR).
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Nigeria Economy     June 22, 2020
Nigeria's economy like other open economies of the world engages in international trade. A major source of its revenue comes from its trading relations with other nations. In Q4 2019, the value of its total trade was N10.1trn, or 10.2% higher than the value recorded in Q3 2019 and 25.9% higher than in Q4 2018.
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Nigeria Economy     June 21, 2020
A major reason for the country's rising debt is its dwindling revenues caused by tumbling oil prices. The Nigerian economy is primarily hinged on oil revenue making it susceptible to external oil shocks.
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Nigeria Economy     June 20, 2020
The latest debt data released by the Debt Management Office (DMO) shows that the country's total debt stock as of December 2019 stood at N27.4trn. The debt includes N21.7trn owed by the Federal Government and the N5.6trn owed by the different state governments.
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Nigeria Economy     June 19, 2020
The restrictions in the movement have negatively affected the demand for oil and have caused uncertainty in the global oil market. During the crisis period, the WTI traded as low as negative $37.63 per barrel in April while the Brent crude oil price fell remarkable too as low as $15.98 per barrel.
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Nigeria Economy     June 18, 2020
The emergence of the novel coronavirus (COVID-19) has worsened Nigeria's fiscal sustainability. The economy has been plagued by high unemployment, rising inflation rates and low real GDP growth.
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Global Market      June 17, 2020
Thirty-four African stock markets year-to-date performance played up the mirror images of global equity market patterns.
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Travel & Tours     June 16, 2020
Travel and tourism are among the most affected sectors of the pandemic, with flights grounded, hotels closed, workers have either lost their jobs or on furlough, and travel restrictions put in place in virtually all countries around the world.
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All One Min News     June 29, 2020
What To Expect From The Markets This Week - 290620; Coronanomics (23) - Sectorial Analysis of Nigeria's Trade Sector
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