The event is taking place on 26-28 January 2016 at the Eko Hotel & Suites, Lagos, Nigeria. Offshore West Africa Conference & Exhibition will build on the success of the 2015 event, which also took place in Lagos and attracted a record breaking international audience of almost 2,400 leading oil and gas industry professionals from more than 30 countries worldwide. The event will continue…
The privatisation of Nigeria’s power generation and distribution assets has paved the way for an increase in electrification, although ongoing issues with gas supply and distribution are proving a challenge. The government is looking for greater private sector involvement to boost investment in the sector, which needs some $65bn worth of capital expenditure to reach the country’s target of 40,000…
Measures introduced by the Central Bank of Nigeria (CBN) aimed at preserving foreign exchange reserves amidst lower oil prices have produced a mixed response both at home and abroad. Crude is a major player in Nigeria’s economy, accounting for two-thirds of government revenue and more than 90% of export earnings. The fall in prices has increased downward pressure on the naira over the last year,…
An expanding middle-income client base and positive consumer sentiment is underpinning the expansion of Nigeria’s retail sector, helping to attract fresh investment from foreign retailers despite forecasts of slower economic growth. Nigeria’s consumers are amongst the most optimistic in sub-Saharan Africa, according to a recent survey conducted by research and information firm Nielsen Africa,…
Online activity is on the rise in Nigeria, with internet subscriber numbers growing and digital transactions increasing, though uptake risks being slowed by gaps in infrastructure. There has been a strong increase in mobile internet subscriptions this year, with user numbers up by 13.6% in the first half of 2015, according to a report issued by the Nigerian Communication Commission (NCC) at the end…
Low oil prices have hurt Nigeria’s upstream revenues but a long-overdue administrative restructuring of the national oil company and improved production at Nigeria’s refineries should give the country’s downstream hydrocarbons sector a welcome boost. Nigeria, the largest oil producer in Africa, has seen export earnings fall this year as oil prices have tumbled worldwide, with oil responsible…
Buoyed by improvements in headline indicators, the insurance sector in Nigeria is seeing a steady increase in interest from overseas investors, with strong long-term fundamentals underpinned by low penetration rates in a rapidly expanding population, coupled with moves to broaden product options to include sharia-compliant policies. With a population of over 168m growing at 2.5% a year – along with…
2015 Conference Theme: Innovative Strategies For Sustainable Growth In An Evolving Market The Africa Business Club of Lagos Business School is a student-led organisation whose major event is the Africa Business Conference. The Conference aims to bridge the gap between future business leaders and present business leaders so as to create a prosperous future for the continent. The Conference will be…
Nigeria’s newly elected President Muhammadu Buhari, who was sworn in on May 29, has signalled his intention to restore confidence in the country’s economy, but as he takes office, a number of pressing issues are demanding his attention, including slowing oil revenues, fuel shortages and rising inflation. Fuel shortages dig in Nigeria, Africa’s largest economy with a GDP of more than $500bn,…
West Africa Power Summit 2015, 16-17 June 2015, Eko Hotel & Suites, Lagos, Nigeria The energy sector in West Africa has improved noticeably in recent years and has gained a new political urgency with economic expansion in the region. Some of the much needed capacity expansion, a priority for the 15 countries in the West African Power Pool (WAPP), is already underway and more is planned. The West…
