The economic events of 2016 taught us a lot of hard lessons about Nigeria's interface with the global economy, and the links with domestic growth, stability and policy responses. This paper attempts to distill some of the lessons and clarify the outlook.Weak commodity prices brought Nigeria's...

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...

The statement by the central bank of Nigeria that N5000 will be introduced and N5, N10, and N20 notes will be coined in 2013 has generated a lot of debate. Many of the contributions have however strayed off the key point. Namely, the reason currency notes and coins are necessary. Notes and coins...

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...

It is necessary to distil some of the economic management lessons from the first three months of President Muhammadu Buhari's regime and highlight needful reforms. Five issues stand out:-While it is true that a myriad of problems were inherited from the previous regime, the new regime appears to...

Nigeria faces a paradox of having Africa's biggest economy but not Africa's biggest government revenue. While Nigerian economy is about 155.4 percent of South Africa's economy, the revenue generated by Nigerian government is only about 79.5 percent of the revenue generated by South African...