Far-reaching and long-awaited plans aimed at reforming Nigeria’s oil industry are gathering pace, though they have met with resistance from some stakeholders.
Nigeria
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A multi-billion-dollar overhaul of Nigeria’s transport network is gaining pace as the country looks to plug infrastructure gaps and stimulate economic growth.
Economic update | Nigeria Year in Review 2015
29 Jan 2016
As with many hydrocarbons producers elsewhere in the world, Nigeria endured a challenging 2015 as falling oil prices impacted the country’s exports and exchange earnings.
Economic update | Nigeria’s power sector goes private
11 Dec 2015
The privatisation of Nigeria’s power generation and distribution assets has paved the way for an increase in electrification, although ongoing issues with gas supply and distribution are proving a challenge.
Measures introduced by the Central Bank of Nigeria (CBN) aimed at preserving foreign exchange reserves amidst lower oil prices have produced a mixed response both at home and abroad.
An expanding middle-income client base and positive consumer sentiment is underpinning the expansion of Nigeria’s retail sector, helping to attract fresh investment from foreign retailers despite forecasts of slower economic growth.