From NEXT: Nigeria’s consumer inflation eased to 10.3 percent year-on-year in June from 11.0 percent the previous month, its lowest level for more than two years, the National Bureau of Statistics said on Friday. Growth in food prices, which form the bulk of the inflation index basket in Africa’s most populous country, also eased, to… Read More »
… called Baobab. The description in the current edition of the newspaper: …it will delve into politics, econoics and culture, and comment on the successes of Africa’s peaceful elections and foreign investment as well as on Africa’s troubles. This is hoping that the language in which the discussions and analyses are framed will not be one… Read More »
Three days ago, Nigeria’s Junior Finance Minister, Mr Remi Babalola, said that the Nigerian National Petroleum Corporation is insolvent. The Beeb: “NNPC is insolvent as current liabilities exceeded current assets by 754bn naira ($5bn; £3.3bn),” Mr Babalola said at a government finance meeting. He said the NNPC owed about $3bn (£2bn) to Nigeria’s Federation Account,… Read More »
BBC’s World Business news discusses the soon-to-be-effected East African common market. The common market will include Kenya, Tanzania, Burundi, Uganda and Rwanda. It will create a trading bloc of about 130 million people. The positive point is that trade will be easier among the countries of the common market, and the common market will be… Read More »
This article was originally written for www.tradeinvestnigeria.com. In May, an Indian trade mission, led by Mr. Ravi Bangar, the deputy permanent representative of India to the World Trade Organisation (WTO), paid a visit to Mr. Jubril Martins-Kuye, Nigeria’s Minister for Commerce and Industry. One of the major issues they discussed was the possibility of India… Read More »
From NEXT: The governor of Nigeria’s central bank, Sanusi Lamido Sanusi, has criticized the Federal Government’s continued spending on reducing fuel cost, renewing the call for the removal of a subsidy programme that has gulped trillions of naira but has failed to reach ordinary people as intended. Mr. Sanusi was speaking on Monday at a… Read More »
From The Economist: For anyone who has ever felt a tinge of rose-tinted nostalgia for the traditional, Ayaan Hirsi Ali provides a bracing, and on the whole healthy, cold shower. Having experienced traditional society from the inside—in the form of a Muslim Somali family headed by a well-known politician who practised polygamy and left a… Read More »
From WSJ: Foreign consumer-goods companies including Coca-Cola Co., Nestlé SA and Unilever PLC have been in Africa for decades without much competition from local players. Now, home-grown companies are expanding aggressively across the continent, eager to accommodate a growing middle-class among the billion-person population. Examples? Among the most prominent of these consumer upstarts: African retailers… Read More »
The Economist interviews Dele Ogun, head of the Genesis Project, on the political situation in Nigeria.
Stephen Smith writes in the BBC Focus on Africa Magazine about the relationship between France and its former colonies in Africa. One of the things he looks at is what has changed after the fall of the Berlin Wall and what has not. There is a little about the economic relations, but I miss a… Read More »