Nigeria’s Biggest Bank Outshines Kenyan Peer

Pitting Nigeria and Kenya’s biggest banks by market value against each other shows just how much state intervention hurt Nairobi-based Equity Group Holdings Ltd., while Guaranty Trust Bank Plc in…

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OPEC Cuts: Nigeria and Libya still on slow oil recovery path

…Niger Delta militants calm, outlook still unpredictable When OPEC reached a deal last year to cut oil output, the decision to exclude Nigeria and Libya from the restrictions was seen…

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EU Funds Large-Scale Solar Projects in Nigeria, Others

Last week the EU’s Africa Renewable Energy Initiative announced 14 new renewable energy projects across the continent, representing 1.7GW, with a total potential investment of almost €4 billion (US$4.2 billion),…

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Nigeria Set to Lose Africa’s Biggest Economy Crown

In April 2014, Nigeria proudly declared that, as a result of a statistical revision, its economic output in 2013 had hit $509bn, almost twice as high as previously thought. With…

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Nigerian banks’ credit report poorest worldwide – Llenas

It has been recently discovered that the entire 22 deposit money banks in Nigeria process a paltry 1, 500 credit report on a daily basis. Making this disclosure recently was…

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Nigeria Banks on NLNG Expansion For More Revenue

Reuters are reporting that Nigeria Liquefied Natural Gas Company (NLNG) could unlock three times as much gas as the country’s proven reserves and create hundreds of thousands of jobs if…

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Nigeria’s Debt Rose 38% to 17.4 trln Naira in 2016

Nigeria’s total debt rose to 17.36 trillion naira ($56 bln) as of Dec. 2016 from 12.60 trillion naira a year earlier, the Debt Management Office said, as the country grappled…

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NLNG Targets 10 Percent of Global Gas Sales

Nigeria is set to capture at least 10 per cent of the global market share of Liquefied Natural Gas, LNG, as part of the concerted efforts to harness the nation’s…

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Why Post-Brexit Britain Needs Nigeria

Post-Brexit, Britain will face a trading challenge. This is one of the most important economic realities of our time. The subject was in the spotlight again last week, as the…

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South Africa-Nigeria Fallout ‘Will Have Dire Consequences’

Captains of commerce and industry have warned of dire consequences for the continent as Africa’s two biggest economies intermittently fall out over violent attacks on foreigners in South Africa, especially…

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