Although Nigeria’s 2013 move to privatise the majority of its power sector assets has by many standards failed to create the level of returns hoped for, market participants still see the country’s electrification as an investment opportunity. However, there has been a shift in focus from the national system to smaller, local projects. The 2017...
Although the oil and gas sector has driven economic growth in recent decades, Nigerian mining offers considerable potential gains. Home to abundant, untapped reserves, and increasingly the focus of pro-business policies, the sector is poised for robust near- and midterm growth as investors move to capitalise on opportunities in iron ore, gold...
Amid the tentative recovery from recession, the cement market grew rapidly in the first half of 2018, as sales by volume increased by 9.8% over the first half of 2017, from 10.2m tonnes to 11.2m tonnes. The Nigerian manufacturer Dangote Industries led the way in that growth, as sales of locally produced materials grew by roughly 11% between...
ETIQUETTE: Relationships are very important within the business community. Meetings typically open with a handshake, followed by a casual conversation about family, health and travel. In the Muslim north, wait for a woman to extend her hand before offering yours. The business discussion begins at...
HOTEL MOORHOUSE MGALLERY 1 Bankole Oki Road, Ikoyi, Lagos T: (+234) 1 461 5409 - 20 F: (+234) 1 461 5423 www.accorhotels.com; www.mgallery.com h2770-sl1@accor.com Rooms: Superior rooms, luxury rooms and executive suites, 90 in total. Business & Conference Facilities: 8 meeting rooms with a maximum capacity of 80 people and...
Over the past three years the Nigerian economy and public finances have been dealt a heavy blow by the fall in oil prices and depleted foreign exchange reserves. With the decline in oil revenue, focus has shifted to taxation as a source of income.
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