3 NIGERIAN STATISTICIANS TELL US WHAT AFRICA NEEDS AS WE MARK AFRICAN STATISTICS DAY

On the 18th of November every year since 1990, the continent has celebrated the African Statistics Day (ASD) in honor of statistics. According to the Africa Centre for Statistics, under the United Nations Economic Commission for Africa (UNECA), this day is also memorialized in order to increase awareness about the important role statistics plays in all aspects of social and economic

MEET FOUR DYNAMIC YOUNG WOMEN WHO WILL CHANGE THE FUTURE OF AFRICA’S ECONOMY

Institut Choiseul for International Politics and Geoeconomics, the world renowned independent research center has released the second edition of top 100 young economic leaders in Africa. The ‘Choiseul 100, Africa 2015′ features successful entrepreneurs, budding business leaders, investors who will play a major role in the development of Africa in the nearest future. This list

5 Countries To Worry About Most In Africa’s Financial Struggles

Tough times are coming for some African economies. Take the recent and surprising admission by Nestlé that it overestimated the size of Africa’s growing middle class as parable for the current economic situation in some countries: Commodity prices are struggling and long-term high prices were wrongly assumed. Every sector does not grow exponentially, especially if a

Too Many Funds, Too Few Companies: The Bubble In African Private Equity

A bubble may be forming in sub-Saharan Africa’s emerging private-equity market because too many funds are targeting a small number of companies capable of absorbing international investment, according to a new report. Private-equity firms in sub-Saharan Africa have an excess of $4 billion which they are seeking to invest, according to the Overseas Development Institute,

How corruption drives illicit financial flows

Without significant anti-corruption measures on national, continental and international levels, African states will continually expose themselves to the risks of corruption and illicit financial flows. Effectively tackling corruption will certainly increase the developmental prospects for African states, and is as important as stopping the IFFs that continue to thrive on the continent. At the recent

IS NIGERIA REALLY LOSING FOREIGN INVESTMENT?

Since the beginning of 2015, the Nigerian economy has witnessed several twists and turns. It has suffered from the persistent slump in oil prices in the global market, the quest to combat the depreciation of the Naira, effects of the Chinese stock market crash, unfavorable policies, insurgencies and domestic political crises. All of these strains

Nigeria’s Economy Could Slide Into Recession In 2016 – CBN

Nigeria could slide into recession in 2016 if economic growth in the Africa’s largest economy continued to fall in coming quarters and the government does not take quick measures to revive it, the country’s central bank governor said on Tuesday. The bank loosened up it tight monetary policy by cutting banks cash reserve ratio to

THESE FIVE PRIORITIES COULD HELP STABILIZE SOUTH AFRICA’S ECONOMY

After South Africa’s transition from apartheid to democracy the country’s GDP almost doubled in real terms. The government put a series of infrastructural development in place to increase access to water, sanitation, transport and electricity. However, since 2008 the country has recorded an average annual GDP growth of just 1.8 percent, which is less than half the

CBN Releases Guidelines To Allow Nigerians In The Diaspora Register For BVN

The Central bank of Nigeria (CBN) has unveiled the guidelines for the enlistment of Nigerians in the diaspora on the BVN initiative, according to CBN circular released to Nigerian commercial banks. The development will allow Nigerians in the diaspora, get their BVN numbers without the need to come to Nigeria, albeit only in the following