When it comes to Africa’s leading economy, balance sheets not political histories dominate the reading lists
Within the last week, Nigeria’s economy was confirmed as the biggest in Africa. At US$510 billion, it is well over $100 bn. bigger than South Africa’s. The first Nigerian oil production company to list on the London Stock Exchange, Seplat Petroleum Development Company, raised $1.9 bn. in a day and two other well-connected local oil companies, Aiteo and Talveras, are in pole position to buy the OML 29 Block from Royal Dutch Shell for about $2.85 bn. While all that economy boosting has been going on, terrorist militias have killed at least 200 people in the north-east, posed as soldiers to abduct 200 schoolgirls and bombed the capital, Abuja, for the first time in two years, killing at least 79 people at a bus station in the Nyanya suburb.
READ FOR FREE
The National Congress Party’s support for Egypt’s Muslim Brothers is exacting a heavy political and economic cost
Financial sanctions on Sudan by Saudi Arabia and the United Arab Emirates are a political warning shot. The immediate targets are Khartoum's backing for Egypt's banned Muslim Broth...
The Field Marshal deploys a full armoury of marketing and social media tools to extend his political base as he launches his presidential campaign
One of the first public appearances that Field Marshal Abdel Fatah Saeed Hussein Khalil el Sisi made after stepping down as Defence Minister and Army Commander on 26 March was in a...