Nigeria

A presidential tribunal is reviewing President Yar'Adua's contested victory and Yar'Adua has vowed to honour the tribunal's decision. State tribunals have already dislodged four state... 2007-11-23

BMI View: We forecast strengthening of the naira to NGN116/US$ by end 2008 on the back of the 2008 draft budget's assumption that the average exchange rate next year will be NGN117/US$.... 2007-11-23

Despite economic tailwinds and swelling foreign investor interest, President Yar'Adua faces a formidable test in convincing the Nigerian people that he has the integrity and mettle... 2007-10-31

Late October saw rebels in the Niger Delta return to action, kidnapping seven workers from an off-shore oilfield. As the first major attack since the inauguration of President Yar'Adua... 2007-10-31

The Fund's robust assessment of the path of the Nigerian economy is testament to sounder and more sustainable policy, but the trickledown effect of stronger growth to the country's... 2007-10-31

Amid rapid appreciation of the naira we revised our year-end exchange rate forecast to NGN122/US$ in late October. The naira's rapid appreciation was due to a large influx of oil... 2007-10-30

President Umaru Yar'Adua announced on September 17 that he will put forward a revised tax reform bill to the national assembly. Despite failing to provide an exact timetable for implementation,... 2007-10-03

BMI View: We detect increasing signs that Nigerian authorities are willing to countenance more rapid naira appreciation, ahead of the imposition of inflation targeting and full convertibility... 2007-09-27

President Yar'Adua's setting up of an election reform panel in late August, as per his inauguration promise was met with mixed responses. The main criticism has been that it is a... 2007-09-04

BMI View: The mooted deconstruction and reform of the country's monolithic but organisationally and financially dilapidated state oil company is an important step toward greater... 2007-09-03