It is not Africa’s biggest market, but it is promising. According to Russian investment bank Renaissance Capital, Nigerian beer consumption in 2011 totalled around 19.5m hectolitres. At around 12 litres per head, that is a lot lower than the global average of 27 litres, and far below South African levels of 63 litres. But growth has been brisk:...
Even a small fraction of a dynamic market of some 101.8m SIM cards, according to May 2012 data from the Nigeria Communications Commission (NCC), can lead to large scale profits. Thus while smartphones account for a mere 5% of the market – over 5m users – intense competition for a share of the mobile app segment is spreading to Nigeria and users’...
What are the challenges to ensuring a competitive public tender process for construction companies?
For many, offshore hydrocarbons exploration constitutes perhaps the final oil and gas frontier. Offshore drilling targets deposits trapped beneath the ocean floor – or in some cases beneath inland lakes and seas – which are accessed through wellbores in the seabed. It is the most complex and expensive way of exploiting oil and gas deposits. Wells...
Policymakers in Nigeria would like to create a fully market-driven natural gas system. However, ever since – indeed, before – the Gas Master Plan was drawn up in 2008, it has been understood that this objective will not be realised in the short term, and that carefully planned transitional mechanisms are necessary to ensure both that progress and...
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