Nigeria

Exporters targeting Nigeria’s growing taste for wine

Published by Femi Adewunmi on 23 April 2012

Nigeria is becoming an increasingly important market for wine exporters.

Ghana and Nigeria among world’s fastest growing economies in 2012/2013

Published by Claude Harding on 11 April 2012

The west African nations of Ghana and Nigeria are expected to be among the world’s fastest growing economies in 2012.

Student accommodation in Nigeria – an opportunity for investors

Published by Femi Adewunmi on 1 April 2012

Opportunities are opening-up for the private sector in the development and maintenance of student accommodation in Nigeria.

The end of the ‘fertiliser mafia’ and a new dawn for Nigerian agriculture

Published by Femi Adewunmi on 30 March 2012

“The agriculture ministry … has tended to be controlled by what we refer to as the fertiliser mafia.”

Financial boost for Nigerian mobile money startup Paga

Published by Femi Adewunmi on 17 March 2012

Nigerian mobile money platform Paga has received a US$2 million grant from Enhancing Financial Innovation & Access (EFInA), a financial sector development organisation.

Three African countries included in new frontier markets fund

Published by Femi Adewunmi on 16 March 2012

“We have carefully selected the main frontier markets where we see exponential growth in all areas of economic, political and social activity.”

Live in Nigeria? This is why your startup will fail

Published by Pascal Ehigie Aito on 15 March 2012

You live in Nigeria or any third world country? Are you a techie and thinking of starting a web startup? Here are some reasons why your startup is doomed to fail.

Shoppers at a Shoprite outlet in Nigeria.

Supermarket chain Shoprite to open a store in DRC

Published by Femi Adewunmi on 24 February 2012

South Africa-based pan-African retailer Shoprite Holdings plans to open its first store in the Democratic Republic of Congo (DRC) before June 2012.

South African retailer Game is one of the anchor tenants at the Accra Mall in Ghana's capital.

West Africa: International brands push demand for retail space

Published by Claude Harding on 2 February 2012

There is a strong demand for retail space in both Nigeria and Ghana, driven by a growing middle-class and interest from international brands to enter West Africa.

Could 2012 be Nigeria’s year of real reform?

Published by Femi Adewunmi on 2 February 2012

There are many reasons to be negative about Nigeria’s business environment. However, Charles Robertson, global chief economist at Rencap, argues that 2012 might just be the year we start to see real change.

Troubles in Nigeria bad for business

Published by Femi Adewunmi on 27 January 2012

The recent events in Nigeria are not only keeping politicians and security chiefs awake at night, but companies are also experiencing pain.

How Nigeria’s fuel price increase will impact inflation

Published by Femi Adewunmi on 17 January 2012

“The impact of the petrol price hikes could go beyond simply pushing up transport costs. It is also expected to affect the cost of producing goods and services.”

The pump price of petrol in Nigeria has more than doubled since the government stopped subsidising fuel.

Nigeria’s fuel dilemma

Published by Femi Adewunmi on 12 January 2012

While many people on 1 January had to cope with a headache after the previous night’s festivities, Nigerians entered the new year with an additional misery.

S&P revises the outlook on Nigeria’s top three banks to positive

Published by Imara Africa Securities team on 9 January 2012

Last week, Standard & Poor’s Ratings Services (S&P) revised its outlook on Nigeria’s three largest banks – GT Bank, First Bank of Nigeria and Zenith Bank – to ‘positive’ from ‘stable’.