REPRIEVE FOR NIGERIA AS OIL PRICES JUMP ON TRUMP’S INTERVENTION SAUDI/RUSSIA MAY CUT PRODUCTION, END PRICE WAR.

Oil prices jumped on Thursday after United States President Donald Trump said he expected Saudi Arabia and Russia would agree to capping oil production, providing much reprieve to countries like Nigeria worst hit by the scramble for bigger market share among producers. Brent, the internationally traded benchmark crude, traded at $33.44, up $8.70 a barrel…

HOW NIGERIAN COMPANIES, GOVERNMENT CAN RESPOND TO COVID-19 – MCKINSEY

There are four critical steps that Nigerian companies could take to ensure business continuity while the government must prioritise five things amid the ongoing coronavirus-induced economic meltdown, according to global consulting firm, Mckinsey & Company. Mckinsey’s recommendations, published this week, are based on the firm’s discussions with risk and health professionals in more than 200…

ADDRESSING INFRASTRUCTURE CHALLENGES IN AFRICA: VIEWS OF IMPACT INVESTORS

The role of infrastructure in economic development cannot be overemphasised. Therefore, many African countries still lag behind in terms of development because of inadequate infrastructure. Impact investors have played key roles in revamping infrastructure. The need and opportunity for private investment in Sub-saharan Africa (SSA) infrastructure are great. But significant barriers to scaling up such…

UPDATE ON COVID-19 IN NIGERIA

Two new developments have taken place since the last briefing in Abuja on the coronavirus situation in Nigeria. The first is that a team of researchers from various institutions in Nigeria, including scientists from the Centre for Human and Zoology Virology in LUTH, African Centre for Genomics of Infectious Diseases in Redeemers University and the…

The Nigeria Investment Guide

Nigerian Investment Promotion Commission (NIPC) and its partner, the UK Department for International Development (DFID) have published a Nigeria-Investment-Guide-Jan-2020. The Guide was launched at the UK Africa Investment Summit held earlier in January in the UK. It contains useful information on Nigeria as a compelling destination for any investor seeking to participate in the economic…

Full remarks by Africa Development Bank’s Akinwumi Adesina at UK-Africa Investment Summit

It’s a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The DFID is a key strategic partner of the African Development Bank. Since joining…