There is no shortage of superlatives to describe Nigeria. It is Africa’s most populous country, the continent’s largest oil producer and a top destination for foreign investment. As of April 2014, Nigeria is now the continent’s largest economy as well, as a result of an overdue revision in its GDP calculation.
Africa Economy
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Articles & Analysis | Nigeria's economy growing despite various challenges from The Report: Nigeria 2015
Interviews & Viewpoints | Georg Wilfried Schmidt, Regional Director for Sub-Saharan Africa and the Sahel, German Federal Foreign Office: Interview from The Report: Nigeria 2015
What challenges do small and medium-sized enterprises (SMEs) face between West Africa and Europe?
Articles & Analysis | Questions raised by Nigeria's recalibrated GDP figures from The Report: Nigeria 2015
The product of two years of work, recalibrated figures for Nigeria’s GDP, which shifted the base year from 1990 to 2010, were published in April 2014. As a result, the economy leapfrogged 10 places in global rankings, with 89% growth in GDP in one stroke. As in any rebasing exercise though, the new figures are a double-edged sword. The updated national accounts reveal...
Interviews & Viewpoints | Kadré Désiré Ouédraogo, President, ECOWAS Commission: Interview from The Report: Nigeria 2015
How will the ECOWAS-EU economic partnership agreement (EPA) benefit West African states?
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With a growing population of 170m and penetration still low, Nigeria’s insurance sector has considerable potential in demographic terms alone. At present, a large number of insurers compete for what business is available, creating a highly fragmented market. Acquisitions are an increasingly common mode of entry for foreign investors – a trend that is likely to continue. In the near term,...