Dumebi Oluwole
Economic Analyst
Bio
Dumebi Oluwole, a Senior Economics Analyst at Stears, excels in economic research and analysis. She's an expert in macroeconomy, consumer goods, and commodities. Dumebi's insightful reports on the macroeconomic environment and consumer landscape span Nigeria, Kenya, and other African markets.
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01 MAY 2024Chart of the Week: Ghana's debt challenges threaten economic recovery
We unpack Ghana’s debt restructuring challenges and the impact on macroeconomic stability.
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15 APR 2024April 2024 Macro Outlook: African central banks will remain hawkish in the short term
We assess the impact of monetary policy decisions on the broader fixed-income market performance across key African markets.
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20 MAR 2024Chart of the Week: Nigerian consumers opt for cheaper alternatives as food prices rise
Nigerian consumers are switching to cheaper substitutes and reducing demand for staples as food costs climb.
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01 MAR 2024March 2024 FX outlook: A stronger Kenyan shilling boosts consumer spending
We assess the fundamentals behind the appreciation of the Kenyan shilling and its implications on the economy and aggregate consumption levels.
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27 FEB 2024The Brief: Nigerian central bank boldly hikes rates by 400 basis points
We assess the immediate and future implications of the CBN’s 400 bps rate hike.
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26 FEB 2024The CBN’s inflation-targeting success hinges on a robust monetary policy transmission
We unpack the CBN’s decision to adopt the inflation-targeting framework using evidence from peer African countries, including South Africa and Ghana
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09 FEB 2024Kenyans face higher borrowing rates as CBK tackles inflation
The Central Bank of Kenya has remained hawkish to curb inflation. However, the short-term implications for consumers prove severe.
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02 FEB 2024February 2024 FX outlook: implications of the naira’s sharp decline
Forex market disequilibrium and the lingering dollar dearth continue to fuel currency pressures in Nigeria.
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15 JAN 20242024 outlook: Persistent inflation challenges in African economies
We unpack the drivers of inflation in Nigeria and Kenya in 2023 and provide an outlook for 2024
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10 JAN 2024January 2024 FX outlook: African central banks rally for exchange rate stability
We unpack the exchange rate performance in Nigeria, Kenya, and South Africa, providing an outlook for January 2024.
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01 DEC 2023November 2023 FX Analysis: Currency pressures persist for key African economies
We unpack the exchange rate performance in Nigeria, Kenya and South Africa, providing an outlook for December 2023.
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24 NOV 2023Nigeria’s central bank must boost investor confidence to tackle inflation
We unpack the drivers of Nigeria’s October inflation, recommending exchange rate stabilisation to cool price pressures in the near term.
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06 NOV 2023Kenya’s inflation quickens to 6.9% in October
We unpack the drivers of rising inflation in Kenya and its impact on consumer spending.
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01 NOV 2023October 2023 FX Analysis: Naira, Rand and Shilling decline
The Nigerian naira, Kenyan shilling, and South African rand show varying degrees of currency volatility that will impact investor confidence.
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13 OCT 2023How agriculture fuelled Kenya’s Q2’2023 GDP growth
Unpacking agriculture’s impact on Kenya’s latest GDP growth.
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09 OCT 2023Interest rate dynamics: why the CBK left rates unchanged
Unpacking the drivers behind the CBK’s monetary policy decision to leave benchmark rates unchanged.
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11 SEP 2023Unpacking the drivers behind Kenya’s declining inflation
We assess Kenya's inflation trend with a focus on foods, fuels and transport, highlighting why prices could keep falling.
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29 AUG 2023How Kenya's higher taxes will affect consumer demand
Kenya’s VAT, PAYE and housing levy recently changed. Are they progressive enough to sustain consumption?
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18 AUG 2023Forex reforms and the naira’s volatile journey
The naira has been fluctuating. We assess how the recent foreign exchange reforms impact the currency's value.
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11 AUG 2023What Kenya’s MPC decision means for its economy
We assess the impact of Kenya's latest MPC decision on businesses and consumers.
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08 AUG 2023Short-term pain, long-term gain: what is the consumer outlook for Nigeria?
Stears analyses the long-term consumer spending outlook for the Nigerian economy.
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27 JUL 2023Easing Nigerians’ purchasing power squeeze: what will it take?
Can ₦8,000 cash transfers boost consumer spending in Nigeria?
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13 JUL 2023Boosting consumer spending in Nigeria
Recent reforms point to harder living situations in Nigeria, increasing poverty and lower consumer demand.
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04 JUL 2023Attracting Investors: Lessons for Nigeria from Asia's 1997 crisis
We unpack Asia's 1997 financial crisis unveiling lessons for Nigeria as it tries to woo foreign investors with FX reforms.
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20 JUN 2023How will the new FX policy affect FMCGs and consumers?
This deep dive assesses how Nigeria's exchange rate reform will impact FMCG companies and everyday consumers.
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07 JUN 2023Ripple effects: The impact of the naira redesign on Nigeria's GDP
We dive into Nigeria's Q1'2023 GDP report to assess the naira redesign impact on the economy.
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24 MAY 2023Explainer: Nigeria's new unemployment methodology
We explain and assess the implications of Nigeria's new unemployment methodology.
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18 MAY 2023What lies ahead for Nigeria’s consumer goods giants?
We take a predictive look into what the future holds for Nigeria's FMCGs.
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05 MAY 2023Why does it cost so much to travel across Nigeria?
After food, Nigerians spend the most on transportation. We assess how transport costs have grown and the likelihood of further increases.
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17 APR 2023How are sub-Saharan African countries coping with global challenges?
Africa's “big four” countries have had it tough in recent years. We unpack how the current global headwinds are impacting their economic growth.
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06 APR 2023Special economic zones: Nigeria's gateway to boosting exports
A deep dive into Nigeria's export potential using special economic zones (SEZs).
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15 MAR 2023How exports can boost Nigeria's GDP
Increasing exports has a positive multiplier effect on the economy as it boosts government revenue, investments, and consumption levels.
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07 MAR 2023How do strikes impact Nigeria's airline industry?
The cost of strikes to Nigeria's aviation sector.
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02 FEB 20233 risks for Nigeria’s investors in 2023
Using WEF data, we assess Nigeria's 2023 risk factors for investors.
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24 JAN 2023What's in Buhari's last budget?
Three key themes define Nigeria's 2023 budget.
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09 JAN 2023Will Nigeria's census happen in 2023?
Nobody knows how many Nigerians there are and that's a problem
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08 DEC 20222023 manifesto explained: assessing APC and PDP's plans for agriculture
How Tinubu’s vision for agriculture differs from Buhari’s.
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28 NOV 2022What’s the deal between Ethiopian Airlines and Nigeria’s national carrier?
We explain what Nigeria Air's deal with Ethiopian Airlines means for Nigeria's aviation sector.
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14 NOV 2022Why moving Nigeria's economy forward isn't just about GDP
We look at the policy choices that Nigerian policymakers need to focus on
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03 NOV 2022How will Nigeria's floods impact food security?
Assessing how flooding will worsen food insecurity—rising food prices and shortages—in Nigeria.
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26 OCT 2022Where is the Nigerian economy headed?
A look into Nigeria’s economic future through the IMF’s eyes.
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14 JUL 2022Inflation: will prices ever go back down?
People are finding it increasingly difficult to survive with fast-rising and high prices.
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04 JUL 2022Why is bread getting so expensive in Nigeria?
The Russian-Ukraine war is not all to blame for Nigeria’s bread price problem. Domestic issues like forex illiquidity are contributing factors.
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21 JUN 2022How are Nigerians coping with higher prices?
A look into consumers' experiences with rising prices across industries in Nigeria.
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15 JUN 2022Why are Nigerian states not financially independent?
Nigeria's state governments need to stop their over-reliance on federal allocations.
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02 JUN 2022Will Nigerian airlines ever be profitable?
The airline industry is crucial for the global economy, but is it good business?
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25 MAY 2022Why JP Morgan thinks the Nigerian economy is risky
We unpack the reasons and potential impacts of JP Morgan's decision to reclassify Nigeria bonds
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10 MAY 2022Can Nigeria plug the global palm oil shortage?
We look at how Indonesia's export ban on palm oil affects Nigerian households
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26 APR 2022Should Nigeria join the Ivory Coast-Ghana cocoa cartel?
We unpack the benefits of belonging to a cocoa cartel for Nigeria