In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values since 2014, while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital inflows for most countries and regions now surpass...

Show me a continent, country, region, state or city that is liquid, stable, and growing, with socio-political harmony, and I will show you it is optimizing its public assets. Show me one that is illiquid, unstable, and declining, with socio-political disharmony, and I will show you it is not...

Just how well is the Nigerian Economy performing? In the absence of a holistic report articulating the economic performance of Nigeria, no one could claim to know. There are only a lot of partial views on different aspects of the economy being expressed by different government officials. Little...

Disparities in endowments of agricultural, mineral and commercial wealth across Nigeria’s six geopolitical zones determine the rates at which the different regions can grow. Economic activities and growth are concentrated in four regions, while the remaining two regions are largely excluded...

This paper distils the key lessons from a comparison of the qualitative and quantitative attributes of the empirical models recovered for M1 and DD (see Teriba (2006a and b)), with emphasis on the tradeoffs that the two models present for policy makers. Highlights: Similarities a. Domestic...

There is a marked tendency to treat outside money, inside money and quasi money alike as if they can be explained by the transactions money demand function in extant empirical studies of money demand in Nigeria. This paper examines the appropriateness or otherwise of applying the transactions...