Tag Archives: Nigeria

Paths of Profit, Not Destruction

Last year, Nigeria took a major economic hit — the country was losing approximately 700,000 barrels of oil per day as militants in the Niger Delta (such as the Niger Delta Avengers) targeted key Critical Energy Infrastructure Assets (CEIA) – such as pipelines, gas & oil platforms, etc.…-  both onshore and offshore. The unanticipated loss in petroleum resource production was one of the drivers of the country’s recession. read more

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

Following the huge success of its first and second editions in 2015 and 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum is set to return, located in Lagos Nigeria 27-28th March 2018 hosted by the Ministry of Finance Nigeria in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group. read more

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Nigeria: Dangote Donates N1.2 Billion Structure for Business School in Bayero University

The Business Schools being undertaken by the Aliko Dangote Foundation, according to the President of Dangote Group is part of the efforts to build entrepreneurship in the sub-consciousness of Nigerians through education at the highest level read more

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Nigeria’s lost treasure

OP-ED by NJ Ayuk and João Gaspar Marques read more

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Africa Prefers Fair Trade to Marshall Plans – VP Osinbajo

Remarks by His Excellency, Prof. Yemi Osinbajo, SAN, GCON, The Vice President of The Federal Republic of Nigeria, at an Interactive Session Titled “Stabilizing The Mediterranean” at the World Economic Forum in Davos, Switzerland, on Wednesday, 24 January, 2018: read more

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Analysts Predict Bullish Future for Nigeria’s Real Estate Investment Trust (REITs) Market

Nigerian REITs market is underdeveloped with only three established and with a combined market capitalisation of $151 million, or 0.36% of the local stock market read more

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IMF: Nigeria is exiting the recession but the economy remains vulnerable

  • Nigeria is exiting the recession but the economy remains vulnerable.
  • Welcome actions to improve the power sector and business environment under the Economic Recovery and Growth Plan.
  • Macroeconomic and structural reforms remain urgent to contain vulnerability and support sustainable private sector led growth.

An International Monetary Fund (IMF) staff team led by Amine Mati visited Nigeria during December 6-20, 2017 to conduct the 2018 Article IV consultation. Following the conclusion of the visit, Mr. Mati, Senior Resident Representative and Mission Chief for Nigeria at the IMF, issued the following statement: read more

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Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

There was no evidence to support the suggestion that any aspect of his business showed any criminal conduct and as such, the allegations were baseless read more

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PayU Nigeria Goes Bigger on Online Payments with PayU Receive

Businesses in Nigeria can securely request and receive payments directly from their customers without any hassles using PayU’s (www.PayU.com.ng) innovative and secure product called PayU Receive (www.PayU.com.ng/payu-receive). read more

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The Dilemma of Private Ride-Sharing

Uber has been launched in many West African countries for over a year now but the issues surrounding the business suggests deep forms of marginalization where drivers have to over work themselves in order to settle their car owners and the company and leave something for their families. In Nigeria, this is not peculiar to Uber drivers alone not also Taxify the only difference is Taxify takes 15% from their drivers while Uber takes 25%. read more

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MainOne and Tizeti partner with Facebook to improve internet connectivity in Lagos

Internet services will be more accessible across Lagos Mainland including Ajao Estate, Surulere, Ikeja, Omole, Magodo, Gbagada, Oworonshoki, Bariga, Anthony Village, Ogudu, Ojota, Ketu and Alapere read more

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Nigerian real estate to turn the corner in 2018

As the city gears to host the globally recognised real estate-focused West African Property Investment Summit (WAPI) (WAPIsummit.com) next week, there is a renewed sense of investor confidence in the Nigerian real estate sector. read more

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Two off grid projects to electrify rural communities in Nigeria

The first project – headed up by Pan Africa Solar (PanAfricaSolar.com) – is an 80MW utility scale Photovoltaic Power Plant located in Katsina State, near the town of Kankia. The project focuses on a stable state in the north of the country, where – due to lack of available hydro resources and gas supply – renewables are the only long term sustainable option. The project will integrate panels mounted on tilting structures that track the path of the sun throughout the day, constructed on 210 hectares of land. read more

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Nigeria and Kenya Stock Exchanges Discuss Measures to Enhance Liquidity

  • Chairmen of stock exchanges in Nigeria, Pakistan and Kenya joined EFG Hermes Frontier CEO, Ali Khalpey for a panel discussion on the second day of the London Conference
  • The panel noted the importance of regulation in driving liquidity into frontier markets
  • All three markets are expecting active IPO pipelines following a period of political and economic instability

On the second day of the largest investor conference in the UK, the 7th Annual EFG Hermes London Conference, Ali Khalpey, EFG Hermes Frontier CEO, joined by Geoffrey Odundo, CEO of the Nairobi Securities Exchange; Haroon Askari, Acting Manager Director of the Pakistan Stock Exchange and Oscar Onyema, CEO of the Nigeria Stock Exchange, and current President of ASEA, for a panel discussion that looked at measures to enhance liquidity in frontier markets that are looking to grow investment. read more

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