Agusto & Co. Newsletter: Redesign gone wrong? – Costly Cashless
How does the Central Bank retrieve 84.5% of a country’s currency in circulation in just 90 days? This was one of the many questions seemingly begging
2023 Outlook: Nigeria, a Nation on the Precipice
For Nigeria, the overarching theme in 2023 will be the general elections and, perhaps on an equally vital note, how whoever emerges president deals with
Agusto & Co. Newsletter: The Naira Redesign – A Master Stroke or an Exercise in Futility?
The Central Bank of Nigeria (CBN), on 25 October 2022, announced that it would redesign the four higher value notes of the naira (₦100, ₦200,
Cost of Living Crisis threatens to Derail Global Recovery
A decisive policymaking response to the current wave of global economic turmoil will be needed as the situation is likely to get worse before it
Limited Investible Options: An Impediment to a Potentially Bullish Industry
Originally a government-funded social scheme, pensions have since evolved into a global industry driven by the private sector, with several variations of the original pension
Petroleum Industry Act – A New Era for the Nigerian Oil and Gas Upstream Industry?
Introduction Introduced in 2007 to revamp the oil and gas sector, ensure an optimal level of transparency and accountability by strengthening governing institutions and attract
Rethinking Nigeria’s Models for Infrastructure Development
Nigeria has a huge infrastructural deficit and requires up to $3 trillion over the next 30 years to bridge this gap. Putting this into perspective,
Outlook on Key Industries in 2021
With the advent of the COVID 19 vaccine and an attendant improvement in investor sentiments globally and domestically, most businesses in Nigeria are optimistic about
2021: The Year of the Vaccine
History will define 2020 as the “year of the pandemic” and in an interesting feat of hope, 2021 could turn out to be the “year of the vaccine”. The
The Review of the BOFIA 2020
The “Banks and Other Financial Institutions Act” 2020 (“BOFIA 2020” or “ the New Act”) was signed into law by President Muhammadu Buhari on 13
Nigeria vs Bangladesh: A Tale of Two Countries
Nigeria and Bangladesh are both developing countries, each with its challenges. The politics and social fabric in both societies are highly complex with storied and
Agusto & Co. Economic Newsletter: The Nigerian Q2 GDP Covid Contraction & 2020 Forecasts
The COVID-19 Quarter The National Bureau of Statistics (NBS) recently released Nigeria’s GDP growth numbers for the second quarter (Q2) of 2020. Expectedly, real GDP
Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget
A season of gloomy forecasts The Covid-19 pandemic has dealt a huge blow to the global economy. What is fundamentally a public health crisis has
COVID-19 Pandemic – Nigerian Banks in 2020
The outlook for Nigeria and indeed the global economy has worsened owing to the COVID-19 pandemic. Prior to the emergence of COVID-19, Nigeria’s economy had
COVID-19 in Nigeria: Economic Perspectives and Mitigating the Risks
GLOBAL OVERVIEW Despite witnessing wars, natural disasters and the Great Recession, this generation is witnessing a unique global health pandemic that has challenged even the
Agusto & Co. Economic Note: The 2019 Finance Act – Creating a New Beginning
The 2019 Finance Bill was signed by President Buhari on the 13th of January 2020 as part of his administration’s new fiscal reform measures. The
African Continental Free Trade & Nigerian Capital Market: Issues, Challenges & Opportunities
Africa: A Continent of self-inflicted bottlenecks Sao Tome and Principe, an island nation in the Gulf of Guinea, is just about 775KMs from Lagos, the
Ajaokuta Steel Project and the National Asset Question
The Ajaokuta Schools of Thought Analysts have long struggled on a meaningful definition of the Ajaokuta Steel Company project (Ajaokuta). Overtime, Ajaokuta has become
Buhari Version II (2019—2023): Economic Perspectives
The Reflexive Statist According to The Economist, leaders do not tend to switch from being reflexive statists in first terms to free-marketers in the
VAIDS: Redefining the Nigerian Social Contract
The Social Contract Based on the theory of social contract, the government and the governed are bound by an unwritten rule, where the governed provide
Nigeria’s 2017 GDP: Fragile Economic Recovery
Why the Euphoria? The positive press that greeted Nigeria’s 2017 GDP numbers from the Nigerian Bureau of Statistics (NBS) – reflecting the country’s exit from
Investors Guide to Nigeria’s 2018/2019 Political Season
A 101 on Nigeria”s Political Season The release of the timetable for the general elections by the Independent National Electoral Commission (INEC) usually signals the