Africa Economics Update Markets unfazed by Nigeria election so far The surprisingly smooth organisation of Nigeria’s 28 th March election has had little effect on the country’s financial markets so far. A violent crisis remains possible, however, if the losing... 1st April 2015 · 1 min read
Africa Chart Pack Nigerian politics take centre stage All eyes are focused on Nigeria’s election on 28th March, which will almost certainly spark a brief period of political violence when (as seems likely) the losing candidate refuses to accept the... 26th March 2015 · 1 min read
Africa Economics Focus Nigeria: What to expect after the election Saturday’s election will almost certainly spark a brief period of political violence when (as seems likely) the losing candidate refuses to accept the result. Beyond this, another term for incumbent... 25th March 2015 · 1 min read
Africa Economic Outlook A difficult year ahead A confluence of domestic and external factors will cut Sub-Saharan Africa’s economic growth in 2015 to its slowest rate this century. Low commodity prices will reduce export earnings and force fiscal... 18th March 2015 · 1 min read
Africa Economics Update Nigeria’s banks look increasingly fragile On the face of it, Nigeria’s banking system appears to be in good health following a round of recapitalisations in 2011, but its exposure to the oil sector and to naira depreciation mean that... 10th March 2015 · 1 min read
Africa Chart Pack Delay to Nigeria’s election puts naira under pressure The delay to Nigeria’s election and the controversy over the alleged misappropriation of oil revenues have cast the spotlight on the country’s weak governance. After the decision to delay the election... 27th February 2015 · 1 min read
Africa Economics Update Election worries hit Nigeria Sentiment towards Nigeria has soured following news that presidential elections scheduled for earlier this month will be postponed until 28th March due to security concerns. We expect that the naira... 24th February 2015 · 1 min read
Africa Economics Update Weak naira unlikely to revive Nigeria’s export sector The prospects for Nigeria’s exports are bleak. The country’s oil exports are suffering not just from lower prices but also from an apparent structural decline in demand. What’s more, despite the... 12th February 2015 · 1 min read
Africa Economics Update Delayed elections highlight weak institutions in Nigeria The decision to delay Nigeria’s general election by six weeks has cast the spotlight back onto Nigeria’s weak institutions. While there have been some improvements over the past few years, much more... 9th February 2015 · 1 min read
Africa Economics Focus Tougher times ahead after Nigeria’s election Next week’s general election in Nigeria looks likely to be the most closely contested since the country returned to democracy in 1999. The waning in President Goodluck Jonathan’s popularity since he... 6th February 2015 · 1 min read
Africa Economics Update Naira remains under pressure The Nigerian naira has remained under pressure over the past month and we expect that it will fall further as foreign reserves dwindle and the currency continues to adjust to lower oil prices. We have... 27th January 2015 · 1 min read
Africa Chart Pack Lower oil prices to delay rate hikes, but not in Nigeria The dramatic fall in oil prices pushed inflation down in much of Sub-Saharan Africa at the end of last year, and it is likely to slow further this year. This would lead policymakers in some of the... 23rd January 2015 · 1 min read
Africa Economics Update Nigeria’s rates on hold ahead of general election The upcoming general election may have influenced the Central Bank of Nigeria’s (CBN’s) decision to leave interest rates unchanged today. We suspect that once the election is out of the way, monetary... 20th January 2015 · 1 min read
Africa Economics Update Decline in oil prices not a disaster for Nigeria’s public finances The dramatic fall in oil prices since last summer will take a significant chunk out of the Nigerian government’s tax receipts, but we do not think it will be disastrous. Although measures to boost non... 15th January 2015 · 1 min read
Africa Economics Update What to expect from Nigeria’s election Next month’s general election in Nigeria looks set to be the closest since democracy returned to the country in 1999. There is a clear risk that the outcome leads to a repeat of the violence around... 7th January 2015 · 1 min read
Africa Chart Pack Naira and rand in the firing line Currencies in sub-Saharan Africa have continued to come under pressure this month, with both the South African rand and Nigerian naira falling to record lows. The naira has suffered from the further... 17th December 2014 · 1 min read
