Furthermore, many countries have started developing Central Bank Digital Currencies (CBDCs); a few (including The Bahamas and Nigeria) have even implemented them. CBDCs are digital tokens issued by a central bank. They are similar to cryptocurrencies, but since they are issued and regulated by th...
Statcounter reports that Nigeria has one of the strongest skews towards mobile, with 87.6 percent of the country’s web traffic originating from mobile phones in December 2023. Similarly, mobiles account for more than 80 percent of web traffic inVietnamand South Africa. However, looking beyond ou...
Much of that $2.5 trillion will be spent in three countries: Nigeria (20%), Egypt (17%), and South Africa (11%). But Algeria, Angola, Ethiopia, Ghana, Kenya, Morocco, Sudan, and Tunisia will attract companies seeking to enter new markets. The sectors expected to grow the most by 203...
The integration of the state pension system into the government accounts gave the central government access to a large amount of savings, much of which was stored in government bonds. The government used some of this fund to pay off part of the national debt. It also sold off state-owned ...
Although they may not be willing to pay more, sustainability is having a much more powerful impact on buying decisions, with around 40% of Gen Z and Millennial consumers seeing it as extremely important in the products and brands they choose, compared with around half that for olde...
“My work does not give me the opportunity to go to church, visit family members, or travel for a while.”– Nigeria As part of our survey, we asked respondents, “If you could make one change at your current employer to make it a great place to work, what would it be?” Overall...
The empirical results show that negative shocks in crude oil volatility have a significant impact on financial development as measured by the MCGDP, with capital flight and reduced domestic investment playing key roles, despite the effective contribution of increased government spending to mitigate these...
Initial conditions (“initial disbalances”) are estimated measures of how much the starting values in the data deviate from the model steady state. Download: Download high-res image (643KB) Download: Download full-size image Fig. 4. Shock decomposition of the Spanish trade balance-to-GDP ...
OPEC has 12 members: Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela.2 Ten non-OPEC nations joined OPEC to form OPEC+ in late 2016 to have more control of the global crude oil market. These countries ...
Since the OPEC nations produce so much of the world's oil supply, they can manipulate the price per barrel depending on how manybarrels per daythe group will sell on the world oil market. If the group wants the price to rise in order to make more money, they can reduce the amount of...