Economics

Veriv Africa's economic coverage will feature intricate analyses of trends, data, and policies shaping Nigeria's economic landscape. From discussions on inflation and GDP growth, to nuanced explorations of monetary and fiscal policies, our platform will be a go-to resource for those seeking a profound understanding of the economic forces at play.

Monetary Policy and Inflation in Nigeria: A Rethink

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Public Finance and Debt

Global public debts and fiscal deficits are still higher than pre-pandemic levels. Factors such as higher interest rates.......

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Why the CBN is Losing Its Fight Against Inflation (I)

What is Inflation? Inflation, as you have probably heard, is a situation where too much money is chasing too few goods.

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Practical Steps to Diversifying the Nigerian Economy: The Need to Address Underlying Challenges

Nigeria’s excessive dependence on oil revenues and the call for diversification is no longer news.

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Shrinkflation: Why Nigeria Must Prioritise Child Health

Shrinkflation occurs when the price of a product stays the same, but its size gets smaller.

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Understanding The Dynamics Of Inflation In Nigeria

Nigeria has a history of grappling with rising prices, marked by significant spikes in inflation rates. In the 1990s, inflation soared to 57.03%.....

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Why the CBN is Losing Its Fight Against Inflation (II)

The first part of this insight highlighted the strategies that the CBN was employing in its fight against inflation and their limitations.

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Nigeria's Non-Oil Sector: A Path to Sustainable Growth

For decades, the Nigerian economy has relied heavily on oil as its primary source of revenue. Nigeria’s oil accounts for 80 percent of the country's revenue and foreign exchange gains.

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What Is a Sovereign Wealth Fund?

Resource-rich nations with large reserves of commodities and crude oil usually benefit from a surge in prices in the global market. As market prices increase, these nations profit from the sale of....

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The Dark Decade: A Data Story of Nigeria's De-growth Years (2015–2024)

In April 2024, the International Monetary Fund (IMF) revealed that Nigeria’s gross domestic product (GDP) will decline to $253 billion in 2024, driven primarily by the devaluation of the naira...

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What Happened to the M.I.N.T. Economies?

Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter of 2024, surpassing the 2.31% recorded in the first quarter of 2023 but lower than the 3.46% growth in the...

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Enhancing Nigeria’s Economy Through Textile Development

Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter of 2024, surpassing the 2.31% recorded in the first quarter of 2023 but lower than the 3.46% growth in the fourth

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Is Food Inflation in Nigeria Really 39%? Analysing the NBS Methodology for Computing Nigeria’s CPI

I do not agree with that statistic” These were the words of Dr Ajibola Bashiru in a viral clip as he debated with Seun Okinbaloye, the Channels TV anchor on the TV show “Politics Today”, on the...

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Rising Tides: Analysing Nigeria's Soaring Public Debt and Its Sustainability Concerns

Nigeria’s mounting debts are approaching unsustainable levels, demanding immediate and unwavering attention from policymakers.

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Consumer Credit Scheme: Potential Gains for Nigerians

Across various economies, including the most advanced, the government and other stakeholders collaborate to establish avenues for individuals and households to access credit through a consumer credit

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The IMF and the World Bank: Roles and Responsibilities in New Global Development

At the end of the Second World War, the allied nations were tasked with rebuilding their local economies and the global economy at large.

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The Impact of Multidimensional Poverty in Nigeria: Challenges and Solutions

The first goal of the Sustainable Development Goals (SDGs) is to combat poverty in all its forms everywhere. Poverty is a global and long-standing issue. Significant efforts have been made globally...

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Explaining the Ongoing Nigerian Exchange (NGX) Boom

Exchanges are platforms where securities, stocks, bonds, and other financial instruments are traded. Naturally, exchange platforms reflect the nature of the country's economy within which they operate

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Articles on this thematic area

How Much Capital Importation Did Nigeria Receive in 2023?

February 14, 2024

What Is Nigeria’s Current Money Supply (M3)?

September 3, 2024

What Is Nigeria’s Spending On Healthcare Per Capita?

August 27, 2024

Deduction of Tax at Source (Withholding Tax) Regulation 2024

Understanding the CBN Monetary Policy Announcement

What is Nigeria's Annual Headline Inflation Rate From Independence to Date?

February 1, 2024

How Many Nigerians Have Access to Financial Services?

February 5, 2024

How Many Poor People Live in Nigeria?

February 1, 2024

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