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  1. beyondbrics

    May 22, 2014

    FT interview: Nigeria seeks to reassure investors

    The Nigerian economy has enough resilience to ride out the wave of Boko Haram terror attacks, the country’s finance minister...

  2. May 4, 2014

    Africa’s biggest economy needs social safety net

    After it overhauled its economic statistics for the first time in decades, Nigeria this year announced that it had overtaken...

Special Reports

  1. Investing in Nigeria

    Revised data show Nigeria’s economy is growing rapidly with gross domestic product muc...
  2. Oil Industry 2013

    A shift on the part of US independents, many of which have been under pressure from sh...
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  1. Material World

    April 7, 2014

    Will luxury rush to Nigeria now?

      Getty Images Big (literally) news on Monday in the FT that on Sunday, thanks to a government recalculation, Nigeria’s GDP...

  2. beyondbrics

    April 7, 2014

    Nigeria's GDP recalculation: the hidden costs

    Nigeria has overtaken South Africa to become Africa’s largest economy after the government released updated figures that...

  3. April 6, 2014

    Nigeria almost doubles GDP in recalculation

    Nigeria overtook South Africa on Sunday to become Africa’s largest economy and 26th largest in the world after the...

  4. February 18, 2014

    Nigeria’s missing petrol billions

    Corruption in Nigeria has fed for generations on state monopolies that encourage failure on a grand scale. Yet each time...

  5. February 13, 2014

    Nigeria pledges forensic audit of oil revenues

    Nigeria will carry out a forensic audit of the way the state oil company allocates fuel subsidies and accounts for some...

  6. February 10, 2014

    Nigeria ramps up power reform

    Nigeria has committed an additional $550m to its newly-established $1bn sovereign wealth fund towards ramping up investment...

  7. The World

    January 23, 2014

    Davos view: The power of women

    Just sometimes, you encounter somebody or something that shatters your preconceptions of Davos. I attended a private dinner...

  8. October 10, 2013

    Oil prices help Nigeria balance the books

    Thank goodness for high global oil prices. That has been the feeling among finance and treasury officials in Nigeria so far...

  9. October 10, 2013

    Business invests in future as Nigeria stumbles on

    On the morning of 30 September, President Goodluck Jonathan was in celebratory mood. At his villa in Abuja he handed over...

  10. October 10, 2013

    Aliko Dangote builds up manufacturing with $9bn Nigeria refinery

    Aliko Dangote’s industrial conglomerate operates in some of the world’s trickiest environments for manufacturing, where...

  11. October 10, 2013

    Interest in frontier bonds benefits Nigeria

    Nigeria wants to expand its presence in the foreign currency sovereign bond market, with plans to develop a fuller range of...

  12. October 10, 2013

    Nigeria fights to recover Abacha funds from Liechtenstein

    Nigeria has embarked on an international campaign to press Liechtenstein into returning €185m of ill-gotten gains linked to...

  13. September 8, 2013

    Nigeria: Oil theft hits production levels

    In 2009, the Niger delta was a mess. Relentless attacks on pipelines and the kidnapping of oil workers had cut the country’s...

  14. beyondbrics

    July 5, 2013

    Nigeria: borrowing cautiously

    It’s a busy time for Nigerian finance ministry officials. This week they celebrated the launch of eurobonds worth $1bn. On...

  15. July 3, 2013

    Nigeria warns on EM borrowing pain

    Nigeria’s finance minister has warned other developing countries that the end of US quantitative easing will rattle emerging...

  16. beyondbrics

    May 30, 2013

    Sanusi: Nigerian 'rates more likely to go up than down'

    As African central bank governors go, few have a higher profile than Lamido Sanusi – and few have courted more controversy....

  17. May 9, 2013

    Nigeria signs up MasterCard to make dual-purpose identity card

    MasterCard is teaming up with the Nigerian authorities to launch identity cards that will double up as electronic payment...

  18. beyondbrics

    February 27, 2013

    Nigeria's budget: oil optimism pits spenders against savers

    Nigeria’s long-delayed 2013 budget was finally signed off on Monday by president Goodluck Jonathan, ending months of...

  19. January 22, 2013

    Africa: Continent’s twin poles on different trajectories

    Sub-Saharan Africa’s voice on the global stage has been strongest in the past decade and a half when its two most powerful...

  20. December 17, 2012

    Kidnappers demand Nigeria minister quit

    ABUJA, December 17 – Kidnappers who held the mother of Nigeria’s finance minister for five days told their captive that her...

  21. December 10, 2012

    Nigeria minister’s mother kidnapped

    Police in Nigeria are searching for the mother of finance minister Ngozi Okonjo-Iweala after the 82-year-old was kidnapped...

  22. The World

    October 22, 2012

    A spotlight on oil theft in Nigeria

    Children sail past an oil pipeline head near their home in Rivers State in April 2011 (Pius Utomi Ekpei/AFP/Getty) The world...

  23. October 3, 2012

    Nigeria plans big boost to sovereign fund

    Nigeria’s government hopes to expand its new sovereign wealth fund by at least $1bn a year, despite lingering opposition...

  24. beyondbrics

    October 1, 2012

    Nigeria's SWF: to be or not to be?

    It’s a big day on Tuesday for investment banker Uche Orji and, potentially, for Nigeria’s future fiscal stability, too....

  25. September 12, 2012

    Nigeria borrows $600m from China bank

    Nigeria had signed a deal to borrow $600m from China’s Export-Import Bank, most of which would be used to build a railway...

  26. beyondbrics

    August 2, 2012

    Tanzania: time for a SWF

    Impeccable timing. That’s the only phrase that can describe this week’s announcement that Tanzania is to set up a sovereign...

  27. June 26, 2012

    Jonathan faces challenge to curb oil theft

    Like a tropical Venice, the town of Abonnema is packed on an island in the Niger delta – a deep river to one side,...

  28. June 26, 2012

    Nigeria losing $1bn a month to oil theft

    The Nigerian state and oil companies are losing a billion dollars or more a month to oil theft by criminal networks whose...

  29. June 18, 2012

    Nigeria faces $4bn fuel subsidy gap

    Nigeria needs an additional $4bn to maintain its controversial fuel subsidy in 2012 after the federal government spent more...

  30. April 17, 2012

    Africa presses for World Bank reform

    African leaders and development experts are to push for changes in World Bank policy and faster reform of its selection...

  31. beyondbrics

    April 16, 2012

    World Bank chooses Kim (surprise!)

    The World Bank on Monday chose Jim Yong Kim (pictured left), the US nominee, as its next president. While the decision was...

  32. April 16, 2012

    Twelve days in west Africa: Abuja-Lagos

     Abuja - Lagos Tuesday-Thursday To lunch at the heavily fortified British high commissioner’s residence. Or not to lunch....

  33. April 16, 2012

    World Bank picks Kim as next head

    The World Bank has chosen Jim Yong Kim as its next president, ending a bitter selection process that the US nominee’s main...

  34. April 13, 2012

    Kim on track to lead World Bank

    Jim Yong Kim, the US nominee, seems certain to become the next president of the World Bank after developing countries failed...

  35. April 9, 2012

    My vision for the World Bank

    In 1944, the Bretton Woods conference set up institutions that reflected a world about to emerge from the second world war....

  36. beyondbrics

    April 5, 2012

    Brics vs World Bank

    There’s nothing Brazil’s finance minister loves more than a face-off between the ‘developed’ and ‘developing’ world. But...

  37. April 3, 2012

    Non-US World Bank nominees look to Europe

    The selection of a new president for the World Bank may appear competitive, with three contenders criss-crossing the globe...

  38. April 2, 2012

    World Bank: An exercise of influence

    Conventional wisdom about the World Bank goes something like this: dominated by the US – which by convention nominates its...

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