Following the August 2011 acquisition of three so-called bridge banks by the Asset Management Corporation of Nigeria (AMCON), the federal government now finds itself the largest single owner of bank stock in the country. With foreign investors and mid-tier domestic banks having expressed interest in purchasing these formerly distressed assets, AMCON...
As the country focuses on filling important gaps in transport and power infrastructure to improve the business environment in Nigeria, overcoming important shortfalls in the soft infrastructure will also be key to accelerating economic growth in the years to come. Having dropped 28 places in the World Economic Forum’s Competitiveness Index to 127th...
In her essay, first published anonymously in The Times of London on January 8 1897, Flora Shaw coined “Nigeria” as a shorter alternative to the widely named “Royal Niger Company Territories” – deeming it “inconvenient” and to an extent a “misleading” name for the then-British protectorate. Today, in contrast, “Nigeria” is too small...
In accordance with its liberal economic principles, Gabon is open to foreign investors and the rights of free enterprise are guaranteed. 1. GENERAL LEGAL ENVIRONMENT A. Constitution & Other Sources of Rules: Gabon has a civil law structure with a hierarchy of legislation: lower laws need to comply with upper laws. The higher rule is the...
International financing has driven much of the expansion of Gabon’s transport network, either through foreign direct investment (FDI) or loans, grants and other forms of assistance. While the government is committed to investing in infrastructure upgrades, officials also recognise the critical role foreign companies and financial institutions must...
Although it is not a major tourism destination at present, Gabon has much to offer travellers looking for a destination off the beaten path. Located in the Congo River Basin, the country is home to some of the world’s most pristine rainforests, and has pockets of savannah and an 800-km coastline complete with fauna-rich mangroves, wetlands and...
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