2015 is likely to be a year of contrasts in which a difficult and uncertain start will most probably give way to a promising end, as renewed post-election economic reform efforts to address fiscal, structural, and financial challenges highlighted by low oil price and weak capital inflows on the...

Nigeria's economic situation in 2016 is fast degenerating into early eighties-like doomsday situation in which oil price collapse is translating into a currency crisis, inflationary spiral, fiscal collapse, and recession. This should not be so at all as this time is fundamentally different from...

This study sets out to model non-bank public's desired holdings of five different measures of money in the Nigerian economy. These are currency outside banks (COB), demand deposits (DD), narrow money (M1), quasi money (QM), and broad money (M2).The study addresses many of the pitfalls involved...

The appointment of a new governor to lead the Central Bank of Nigeria (CBN) from June 2014 to June 2019 brings the number of persons so appointed since 29 May 1999 to four, although only the last two appointments were made after the 2007 CBN Act was signed into law on 28 May 2007. Joseph Sanusi...

Nigeria has long been trying to learn how best to manage boom-bust cycles in global commodity prices, adopting an oil-price benchmark for annual budgets while saving revenues above the benchmark in an excess crude account in the half decade before the 2008/2009 global crisis. The crisis and its...

When Nigeria returned to democracy in 1999, real GDP growth rate was 1.12 percent, consumer price inflation was 6.6 percent, and unemployment rate was 8 percent. 15 years down the road, average real GDP growth is 6.5 per cent, inflation is 7 per cent, but latest available unemployment rate is...