In 2021, the World Bank rated Nigeria fifth on its list of ten nations with the biggest debt exposure. This was coming at a time when Nigeria was using 97% of its revenues to service outstanding debt, a cause for concern for the multilateral organization. Nigeria owes the International...

The onset of the Covid-19 pandemic, the war on Ukraine, and their effects on global output and supply chain have led to inflationary pressures globally. The Covid-19 pandemic has continued to disrupt the global supply chain, especially in China, while the war between Russia and Ukraine has...

The Turkish Lira is in the midst of a currency crisis, there's no other way to phrase it. USD/TRY rates have surged almost 42 percent and EUR/TRY rates have risen over 37 percent since the Central Bank of the Republic of Turkey (CBRT) made a surprise 100-bps rate decrease at the end of...

Many articles had been published online regarding the proposed naira redesign and its possible consequences on the Nigerian economy ex-ante. This article however focuses on the naira redesign and its implications on the Nigerian economy ex-post, particularly in Q1 2023, when the policy took...

This paper examined interest rate pass-through in Nigeria using monthly data from 2006 to 2020. It focused on the pass-through process from the policy rate to the money market and retail rates and from the pass-through of the money market rates to the retail rates. The results showed that there...

This study explored the response of current account to different financial development indicators. Quarterly data from the period of 1981 to 2018 on current account, debt stock, stock market capitalization, stock market value traded, financial liberalization, total deposit money banks’ asset,...