Nigeria

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Report | The Report: Nigeria 2013

Cover of The Report: Nigeria 2013

As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.

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Economic update | Oxford Business Group | Landmark power privatisation to drive Nigeria’s economy

2 Dec 2013
Businesses and consumers in Nigeria will be hoping that a more reliable electricity supply could be in sight after the government transferred most of the country’s power generation and distribution to the private sector at the beginning of November.
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Economic update | Doors opening for Nigeria’s oil firms

17 Nov 2013
The role of locally-owned firms in Nigeria’s oil sector is expected to expand further in coming years, even as international producers move away from onshore and littoral fields. However, there are some who query if the local industry is ready to take the step up.
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Economic update | Strong 2014 growth forecast for Nigeria

5 Nov 2013
In line with its performance in recent years, the Nigerian economy is expected to grow strongly in 2014, with expansion continuing to be driven by high oil prices and robust domestic demand. But the country may need to push forward reforms to encourage broad-based development, alleviate poverty and nurture a trend towards diversification.
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Economic update | Fostering Nigeria’s nascent BPO industry

22 Oct 2013
With local companies starting to buy into the concept of farming out some technology-based activities, Nigeria’s business process outsourcing (BPO) sector is gaining wider acceptance in the domestic market. However, expanding onto the global stage will require countering perceptions of weak regulation and poor security.
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Economic update | Nigeria’s expanding auto market

7 Oct 2013
As might be guessed from the snarled traffic on the bridges of Lagos, vehicle sales in Nigeria are growing rapidly, with automakers seeing double-digit growth over the past year. To try to capture a greater share of demand, firms are looking to expand retail detailerships while some of the more adventurous are taking a stab at local assembly.
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