As Africa’s most populous nation, and with the biggest oil and gas reserves in the region, Nigeria has long been one of the continent’s sought-after markets, but also one of its most complex and challenging. A GDP rebasing in 2014 modernised the country’s statistical measurements, expanding GDP to N94.14trn ($155.1bn at the time of printing)...
The history of the naira as it has alternated between fixed and floating exchange rate regimes has always been closely tied to the price of oil. In June 2016 the Central Bank of Nigeria (CBN) introduced a flexible interbank exchange rate market, effectively floating the naira in a departure from recent policy. The currency’s value has since...
After a series of delays, Nigeria’s expansionary 2016 budget, which President Muhammadu Buhari submitted to the National Assembly in December 2015, was approved in March 2016. The proposed N6.08trn ($19.2bn) budget represented a 22% increase over the previous year.
From which countries has Nigeria seen the greatest increase in foreign direct investment (FDI)?
How can the government and the private sector work together to encourage inclusive growth?
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