RMB has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking …read more →
News & Analysis
OPEC+ is Likely to Extend Production Cuts in June
Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year have failed to materialise so far. If OPEC+ (Organisation of the …read more →
Tinubu Seeks Assistance of Bank of America, Others for Nigerian Gas
President Bola Ahmed Tinubu has sought the assistance of the Bank of America and other willing financing institutions to help Nigeria in various capacities, such as in partnering to ensure Nigerian gas competes favourably in the global market, as a viable source of alternative revenue The President stated made the request while receiving officials of …read more →
Lagos Raises N135 bn Hybrid Bonds to Finance Key Infrastructure Projects
Lagos State has announced that it has successfully issued N134.81 billion in bonds from the nation’s capital market in a bid to finance the delivery of key infrastructure projects. The bonds issued consist of N115 billion in 10-year bonds and N19.815 billion raised through Ijarah Lease Sukuk bonds. The 10-year bonds, which were the fourth …read more →
ICT Drives Diversification Of Nigeria’s Economy
The drive for economic diversification of the President Muhammadu Buhari-led federal government has been boosted by the milestone in the digital economy sector especially the Information and Communications Technology (ICT). Following this development, President Muhammadu Buhari has lauded the effort of the federal government over the $547 million generated from the sale of the 3.5 …read more →
Nigeria Could Play A Key Role in Europe’s Energy Transition
Nigeria is loaded with natural resources that could help Europe in its energy transition. Europe has the necessary elements to build out the as-yet underdeveloped Nigerian energy sector. There are many challenges on the road to a successful partnership, the broadest of which is the fragile political stability of Nigeria. Nigeria could be emerging as …read more →
Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo
The Surface Electronic Warfare Improvement Program, “SEWIP” is a bland-sounding acronym for a U.S. Navy system that doesn’t often register on defense investors’ radar. But overlooking it could be a mistake. Over the past decade, Lockheed Martin has quietly built up a tidy franchise selling SEWIP Block 2 systems to the Navy for early detection of missile threats to U.S. warships. …read more →
Understanding the Bills to Fix Our Broken Roads
Udora Orizu examines the problems with Nigerian roads and the need for President Muhammadu Buhari to assent to the road bills passed by the National Assembly, as a sure path to ending the perennial woes over the nation’s federal roads Last October, the Senate finally took what many see as a major step towards arresting …read more →
Africa’s Digital Infrastructure is the Next Playing Field For Great-Power Competition
In June, Nigerian President Muhammadu Buhari blocked Twitter for all of Nigeria in what many believe was a response to the company deleting a tweet of his and suspending the leader’s account. While the government lifted the ban last month, the initial decision came as a shock to Nigerians—especially since many have relied on Twitter …read more →
The G7’s New Global Infrastructure Initiative
Group of Seven (G7) leaders met in Cornwall, England, on June 11-13 and agreed on a new initiative to support global infrastructure investment, launched as global needs rise and China’s Belt and Road Initiative (BRI) pulls back. Details on the initiative were sparse in the lengthy G7 communiqué, but the Biden White House issued a more …read more →