The insurance sector has seen rapid grown in recent years. In 2015 Nigerian underwriters reported total gross written premiums (GWPs) of nearly N350bn ($1.1bn at the time of printing) according to data released by the Nigerian Insurers Association, an industry group. This figure was up around 19% on the previous year. In light of the pace of...
Dangote Cement’s (DanCem) foray into cement manufacturing started in 2000, with its acquisition of the federal government’s equity stake in the Benue Cement Company. With investments in excess of $5bn, DanCem’s rise to the top has transformed the industry, taking the sector’s installed capacity in Nigeria from around 4.8m tonnes in 2000 to...
The strongest selling points of the Nigerian Stock Exchange (NSE) are the reforms and new products it is putting in place, together with the sizeable pools of funds available domestically for investment – a point often missed on cursory examination. However, the state of the economy today is not positive for the exchange. We could cite, inter...
Private equity (PE) has solidified its position on the cutting edge of the Nigerian economy in recent years, taking stakes in technology, mobile and electronic payments infrastructure, and e-commerce. Local firms have also been especially active in the real estate and consumer goods markets. Developments have sought to strengthen the PE...
The second-largest stock exchange in Africa by market capitalisation is in Nigeria, with the two primary exchanges, the Nigerian Stock Exchange (NSE) and the FMDQ OTC Securities Exchange, offering a sophisticated suite of listing and trading services, licensing services, market regulation and data solutions, and technological offerings. The...
What can the CBN do to help encourage private sector lending and financial intermediation?
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