The combination of low savings and the recent reinstating of fuel subsidies means Nigeria’s government is looking for way to trim expenditures and raise funds. Despite a small drop in planned...
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Economic Update | Nigeria: Slow and steady
23 Mar 2012
Economic Update | Nigeria: Cementing relationships
9 Mar 2012
With two new cement plants coming online within the past few months, Nigeria’s cement production capacity has increased substantially. This expansion should mean the domestic production will not only...
Economic Update | Nigeria: Digital development
24 Feb 2012
A new draft National Information and Communications Technology ICT Policy, released in January, aims to bring together all of Nigeria’s related technology policy under a single statute, overhauling...
Economic Update | Nigeria: Banking lessons learned
9 Feb 2012
A resurgence in Nigeria’s banking sector has seen assets and profits recover to beat pre-crisis levels as wide-sweeping financial reforms improve the country’s investment image, although there are...
Economic Update | Nigeria: Power of expansion
27 Jan 2012
The privatisation of Nigeria’s power sector continues to ease forward, with the Ministry of Power now expecting the process to be completed by the second or third quarter of 2012. Meanwhile, in...
Economic Update | Nigeria: Budgeting for growth
17 Jan 2012
Emphasising the government’s fiscal prudence, Nigerian President Goodluck Jonathan presented the 2012 federal budget to the National Assembly in mid-December, noting that although spending is...
