Nigeria’s economic outlook has improved markedly in the last six months. Companies are benefitting from greater availability of foreign currency and lower inflation, while more investment is flowing in and the government’s fiscal position is improving. Investment into non-oil sectors…
MNC executives view Nigeria as one of the foremost risks facing their SSA portfolios due to the country’s lackluster growth. On my recent trip there, during which I spoke to executives, journalists, industry experts, and bankers, I found this pessimism…
The situation in Nigeria continues to deteriorate. The naira continues to depreciate rapidly on the black market, reaching a new all-time-low against the dollar nearly every week. The economy is in recession, and we are currently forecasting GDP to contract…
Nigeria has been on a rocky economic and political path for the last year. President Muhammedu Buhari’s election in 2015 was accompanied by a wave of optimism and hope for the future, which has gradually turned into disappointment and disillusionment…
In theory, Nigeria has many attributes that could transform the country into one of Africa’s most exciting success stories. A large population, a well-educated and highly entrepreneurial workforce, improving democratic fundamentals, and a generally diversified economy (at least on paper).…
“Never satisfied.” Such is the name of the speedboat docked by the hotel terrace overlooking Lagos Lagoon; the same boat that floated on these waters in 2014 and whose presence underscores the Lagos spirit – one animated by hustle, aspiration, and…
Nigeria has been facing tough times for over a year now. While the outlook for political stability is more favorable today than it was in September of 2014, other challenges are weighing heavily on the country, affecting investment decisions and…