Economics and Management

When you wake up every day to this miserable world, you better make sure you find a way to enjoy your time on your way out.
Dr. J

Build great a business!

Crude Oil prices are on the rise.

This are the numbers that could make or mare a State government in future. is key.

Nigeria need to improve our manufacturing output to $1T.

Economy after Covid-19

IMF World Economic Outlook 2020.
Nigeria will be better than most developed countries, in containing the impact of Covid-19 on her economic growth in 2020.

Red everywhere!! What a market crash!!

The run on the Naira is not out of place, if you allow your citizens to hold foreign currency locally, you will expect a high demand for these foreign currencies, when your source of supply for foreign currency is in danger. This is economics 101 demand and supply.

The crude oil revenue contributions over 80% of our foreign currency need, the price dropped by almost 50% in a short space of time. This means that at the current crude price our foreign currency generation has dropped by approx 50%. So whether we like to devalue the currency or not, market forces will definitely define our line of action.

The fact is that our currency is under pressure.

The Fed had historically cut interest rate to zero, the stock market lost approx 10% the following day. The major risk is that of default on margin calls. This can easily have contagion effect if there is significant amount of defaults and the financial market can go into shock, thereby creating a massive global financial storm.

09.03.2020