Tag Archives: Nigeria

Secondhand Clothing: Mediating Aspirations and Desires

As donations, pieces of clothing bear imprints of the aspirations of their donors, and as purchased commodities, they are invested with the desires of their consumers. This article describes a particular configuration of the international trade in secondhand clothing. The trade links Western homes with West Africans families in an intricate web; its history also… Read More »

Nigeria’s former president Obasanjo eats dinner with the FT

Here. The concluding paragraph: At close quarters it is hard not to warm to the man. He has a winning sense of humour and unshakeable belief in self as well as country: “I love Nigeria,” he says over breakfast. “Some people see that as a weakness.” There is also a streak of ruthlessness and a… Read More »

On the similarities between the financial rhetorics of colonialism and development

Since I have a background in Development Studies, and I am currently trying to develop a research plan for an ethnographic study of the Nigerian financial sector, the following, from Bill Maurer, Professor of Anthropology and Director, Institute for Money, Technology and Financial Inclusion, University of California, Irvine, resonates quite powerfully with me: Because European systems of… Read More »

Roubini on African markets

Fund managers should consider African markets such as Ghana, Kenya, Nigeria and Tanzania rather than chasing crowded emerging market trades elsewhere, economist Nouriel Roubini said. “It (Africa) is risky because there is less liquidity and the governance is not ideal. But in comparison to 10 years ago when there was civil strife and unstable governments,… Read More »

Recapitalising Nigerian banks

If you have been following the news, you know about the shake-up, the rescue and the proposal to buy off bad loans. Reuter’s report on the current state of the industry: Two of Nigeria’s nine rescued banks are in talks with foreign investors about recapitalisation but most of the others are more likely to be… Read More »

Identity Economics: Social Networks and the Informal Economy in Nigeria

… is the title of a recently published book by Kate Meagher of LSE’s Department of International Development, my friend and fellow student of African trade networks and informal economy. Nicolas van de Walle writes in Foreign Policy about the book: Within development circles, conventional wisdom has it that successful manufacturing sectors often develop in low-income… Read More »