Via How We Made It In Africa, a report on Lagos’ economic power: Lagos, Nigeria’s commercial hub, could soon have a US$45 billion economy – equivalent to that of Ghana, according to a recent report produced by Renaissance Capital economist Yvonne Mhango. Mhango says that the size of Lagos State’s economy is currently about US$32 […]
Read more »Courtesy of The Financial Times, a look at Nigeria: With painful irony, oil-rich Nigeria is unable to supply its own population with electricity. The country ranked 178th of 185 economies on access to electricity for new businesses in the World Bank’s latest “Doing Business” publication. Infrastructure is, not surprisingly, a key to the country’s future […]
Read more »Courtesy of The Financial Times, an interesting article on Nigeria’s growing middle class and the likely impact it will have on economic growth in that country: Nigeria may be a country plagued by corruption, violence and pockets of deep poverty but it’s also home to the largest middle class in Africa. And that middle class, […]
Read more »Courtesy of Africa-Asia Confidential, a detailed look at China’s and India’s strategic business initiatives in Africa. As the article notes, China’s state companies have been advancing several billion-dollar petroleum and bank deals while India’s plans may be on hold: “…The Lagos State government, the Nigerian National Petroleum Corporation and the China State Construction Engineering Corporation […]
Read more »Via Energy Daily, an interesting report on Russia’s renewed interest in African resources. As the article notes: Russian President Dmitry Medvedev’s visit this week to Nigeria, sub-Saharan Africa’s biggest oil producer, to sign natural gas deals threw down the gauntlet to energy-hungry China, which has been aggressively sinking its commercial hooks in the mineral-rich continent […]
Read more »Via Energy Daily, a report on the evolving reorganization of Nigeria’s national oil company. As the article notes: “…Nigerian President Umaru Yar’Adua has replaced six of the top officers at the country’s state-run petroleum company in an effort to prepare the Nigerian National Petroleum Corp. for proposed reforms to the sector.”The ongoing changes are in […]
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