Nigeria

Top 10 Most Attractive Investment Destinations In Africa

Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.

Africa's Relationship With China Is Ancient History

In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

Climate change laws around the world

There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

Nigeria Year in Review 2016

Lower hydrocarbons revenues, tight capital controls and currency volatility combined to make 2016 a challenging year for Nigeria.

By December the country was in recession, facing its initial full-year contraction for almost three decades, with the IMF expecting Nigeria’s economy to shrink by 1.7%.

Inflation, meanwhile, had climbed to an 11-year high by October. However, the outlook for 2017 appears brighter for what is still Africa’s major economy by GDP.

'Let's get more travel stories on Africa by Africans'

This month actor Louise Linton caused a social media storm at the same time as an extract of her African gap year memoir was published by the Telegraph and was widely panned online for being a tick inventory of cliches and stereotypes in the way the west has always liked to portray the continent. On Twitter, #LintonLies, set up by Zambian writer Lydia Ngoma, was trending as people started to pour scorn on Linton’s version of certain events and her take on life there. Think: “close encounters with lions”, “brutal tales of rape and murder,” and 12-inch long spiders, which would be terrifying, though they only exist in Laos.

Classroom at the rural primary school Ecole Keur Madaro near Thies, Senegal.

Over the last 15 years, West African governments and the international community have been successful at expanding access to primary schooling and from presently on, a ground-breaking regional learning assessment has revealed that the quality of education has remained elusive. The majority of children surveyed were not acquiring the basic literacy and math skills that are crucial for building human capital in the region.

Nigeria Year in Review 2015

As with a lot of hydrocarbons producers elsewhere in the world, Nigeria endured a challenging 2015 as falling oil prices impacted the country’s exports and exchange earnings.

This was compounded by a range of broader macroeconomic pressures, inclunding uncertainty in the lead up to the 2015 presidential elections, a strengthening US dollar and insecurity in the north of the country. According to the IMF, these headwinds slowed Nigeria’s GDP increase to an estimated 3.2% in 2015, the lowest rate since 1999.

Revolutionizing Political Economic Analysis in Nigeria

Records of events are very significant. They serve as not only historical documents but a guide for the next. The book, Revolutionary Pen has done it properly as it chronicles events of struggles of the working people, youth and the poor, that emanated in almost all facets of the encounters of the working masses and the society at large; at each serially and not seemingly ending periods of attacks by the national on them.

It does not stop at reporting these events, but goes further to analyse the way forward the working masses and the society in general can take to end these national attacks and as well to realise their own inherent political power, which can and only give them the panacea, to rebutting the system of oppression, and take charge of their patrimony.

Nigeria Year in Review 2014

Falling oil prices and increased instability in the north impacted Nigeria’s economic increase in 2014, though a rebasing of GDP means that whoever wins the forthcoming presidential elections in 2015 will take the helm of Africa’s major economy.

Nigeria Year in Review 2014

Falling oil prices and increased instability in the north impacted Nigeria’s economic increase in 2014, though a rebasing of GDP means that whoever wins the forthcoming presidential elections in 2015 will take the helm of Africa’s major economy.

Nigeria’s resolution vehicle set up after its 2009 financial crisis

Amcon, Nigeria’s resolution vehicle set up next its 2009 financial crisis, has made a lot of evolution restructuring the billions of dollars of loans it holds. But its chief executive Mustafa Chike-Obi says its work will get harder and argues against calls for it to be wound down quickly.

Dahiru Mohammed, Chairman & CEO of Damagix Nigeria

“My advice for Nigerian companies is that they must not be in a hurry to grow. That is a mistake that most indigenous companies make. They want to start today, and reap the benefits of it 2 years down the line,” Mr. Mohammed told World Report in an interview.

“They need to grow gradually, and stay focused. They have to be honest to their clients and their technical partners,” he said.

Damagix offers a whole range of pipeline services, from onshore, offshore and deep-water oil and gas operations. Its expertise includes pipe supply, manpower, environmental and consultancy services.

Mustafa Chike-Obi, Managing Director and CEO of AMCON,

In order to save the banking system, the government created the Investment Management Corporation of Nigeria, whose brief was to acquire the NPL’s from the banks and provide them with injections of liquidity.  The effect has been to replace the banks’ capital adequacy ratios and, additional importantly, to replace public faith in the country´s banking system, with the consequent effects on the economy as a whole. 

Patrick Ibrahim Yakowa, Governor of Nigeria´s Kaduna State,

Sitting across from Governor Patrick Ibrahim Yakowa at 7am on a Monday morning recently, what struck my colleagues, Tatiana Valle, Regional Director Mercedes Pagalday and I as journalists and communications’ specialists working in Nigeria, was His Excellency’s commitment to promoting Kaduna.