November 30, 2020/IMFBlog By Davide Malacrino Wealth begets wealth. This simple concept of privilege has added to growing discontent with inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more […]
OPINION/EDITORIAL
Faltering Increases in Private Sector Credit Expansion
November 30, 2020/Proshare by FBNQuest Research Net domestic credit to the private sector increased by 12.4% y/y to NGN29.06trn at end-October according to the CBN. Its rate of growth has slowed for two successive months, and has actually gone into reverse on a m/m basis. Our own explanation is that […]
Don’t Underestimate the Power of Natural Gas to Transform Africa
The continent’s gas industry is on the verge of real transformation, as the African Energy Chamber (AEC) notes in our 2021 Africa Energy Outlook November 30, 2020/AEC By NJ Ayuk, Executive Chairman, African Energy Chamber Africa has already made an indelible mark in the oil industry. It is home to […]
