Nigeria

With most gas found offshore in the eastern section of the country’s territorial waters, the need for pipelines to move gas elsewhere is paramount, given the large population centres in both the west and the north. Long-awaited upgrades to Nigeria’s pipeline network are expected in the next several years, aimed at addressing this key...

Crude oil refining emerged early on as an area of focus for the government of Muhammadu Buhari, who within weeks of assuming office as president had begun rolled out plans to overhaul the existing facilities. The government has also initiated a fresh attempt to build new plants, with a focus on attracting private investment, such as the...

As Africa’s largest oil producer, Nigeria’s energy sector accounts for 90% of exports and at least 50% of government revenues. The country is second only to Libya on the continent in the size of its reserves, and onshore fields have been productive for decades. Offshore deposits are a frontier that has been massively underexplored, and in...

Does the macroeconomic climate present a risk of higher non-performing loans?

The Nigerian Securities and Exchange Commission (SEC) launched the Capital Market Master Plan in November 2015, which charts a course to greater sophistication, liquidity and innovation in the country’s capital markets. The plan, which spans the period from 2015 to 2025, is divided into three key areas: capital market development, non-interest...

In January 2012 the Central Bank of Nigeria (CBN) launched the first phase of its “cashless” policy, which aims to reduce the volume of cash transactions and in turn cut the cost of banking services. Since then, the move towards electronic payments has spurred the growth of numerous electronic payment and commerce initiatives. The cashless...