Plans to privatise ten Power Utilities
Nigeria plans to sell 10 electricity generation companies to private investors this year as it seeks to boost power supply in the West African nation, the Guardian reported. The government …
Nigeria
Pre-Poll Worries that Country heads back for Recession
It’s exactly a year since Nigeria was technically declared out of recession with assurances by the economic managers that efforts would be expedited to set the country on a growth …
Pre-Poll Worries that Country heads back for Recession Read More »
Emerging Market Agony reaches Lagos
Nigeria’s stocks entered a bear market as worsening political tensions and an emerging-market sell-off caused foreign investors to shun assets in Africa’s biggest oil producer. The Nigerian Stock Exchange All …
IMF urges to broaden Revenue Base and Unify Currency Exchange Rate
Nigeria should widen its tax revenue base to finance growth-enhancing upgrades to the nation’s infrastructure and social programmes, said a senior International Monetary Fund (IMF) official. While the administration of …
IMF urges to broaden Revenue Base and Unify Currency Exchange Rate Read More »
Failed US Investment Testimony to Risks of Investing in Nigeria
It looked like a done deal between a Nigerian bank in need of funding and a US private-equity firm keen to stump up the cash. But even after documents were …
Failed US Investment Testimony to Risks of Investing in Nigeria Read More »
Economic Giant #1 climbs out of Recession
Africa’s largest economy, Nigeria, this week managed to climb out of recession. However, its recovery is seen as fragile. Ruben Nizard, an economist at credit insurer Coface, said: “Exposed to …
US$ 41bn Investment into Railway Network to support alternative Revenues from Trade
Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country …
US$ 41bn Investment into Railway Network to support alternative Revenues from Trade Read More »
Country in political and economic Limbo
The Nigerian authorities will fail to effectively deal with a range of challenges to political and economic stability. The economy will emerge from 2016’s recession only slowly, negatively affected by …
Foreign Investors about to target Health Care Market
Following the outing at the just concluded Medic West African Exhibition, 2016, there are indications that opportunities generated will lead to a revolution in the country’s healthcare system. Of note …
Foreign Investors about to target Health Care Market Read More »
Heading for Recession with a 2.2 Trillion Naira Budget Gap
Nigeria’s government is looking to spend its way out of an economic slump after the central bank said it can’t bolster growth and is instead targeting inflation with a record …
Heading for Recession with a 2.2 Trillion Naira Budget Gap Read More »