OBG’s African economies have rolled out new capital market instruments and more transparent Customs procedures; they have paved the way for bigger and better-capitalised banks and the emergence of new innovative technologies; and they have made it easier for citizens to access everything from microcredit to health insurance to a well-paying job.
The fall in oil prices in 2014 shook markets around the world, but few have been hit as hard by the decline as Nigeria.
The fall in oil prices in 2014 shook markets around the world, but few have been hit as hard by the decline as Nigeria. However, after more than five quarters of contraction, the economy is now on the path to recovery. The first ever OBG Business Barometer: Nigeria CEO survey, which measured sentiment among more
than 100 chief executives and chairpersons during the course of 2017, highlights the high degree of confidence the country’s corporates have in the current rally, though there are still plenty of issues to tackle if Nigeria is to stoke growth to pre-2014 levels, or indeed higher.