A large endowment of water has been both Nigeria’s blessing and its curse. A nationwide network of perennial and seasonal rivers, inland lakes, ponds and coastal lagoons allow for easy access to 267.3bn cu metres of surface water, complemented by over 51.9bn cu metres of groundwater resources, according to the Nigerian National Planning Commission....
THE COMPANY: Guaranty Trust Bank (GTB ank), with its business spanning Anglophone West Africa and the UK, is one of the most respected and service-focused banks in Nigeria. The bank currently has shares outstanding of over N29.4bn ($188.2m), translating to a market capitalisation of over N400bn ($2.56bn...
In June 2009, when Nigeria’s late President Umaru Yar’Adua offered an amnesty to the gun-toting militants of the country’s main oil producing region, the Niger Delta, many pundits were sceptical. Happily, they have been proved wrong, at least so far.
THE COMPANY: First Bank of Nigeria has diverse operations in the Nigerian financial services industry, rendering it a top financial service provider. The First Bank Group has 717 branches and 1600 automatic teller machines nationwide. It maintains strong ratings across the board and received a BS 25999...
Aspiring to join the ranks of the world’s top-20 economies by 2020, Nigeria’s growth trajectory is currently being impeded by one thing above all others: its small and dated electric power system. Government officials are aware of this, however, and solutions are high on the national “to-do” list, with some remedies already well in progress.
To what extent will liberalised electricity tariff regimes in Africa provide investment potential?
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