Nigeria

We see the budget surplus coming in at around 5.1% of GDP in 2006, in spite of the lower oil production which has resulted from the militant campaign. High prices will keep revenues... 2006-09-04

The Obasanjo administration looks in danger of undoing much of the good work it has done in terms of political stability, in the face of the inevitable replacement of the president.... 2006-09-04

BMI View: The best-case scenario for our ratings (and hence for investor confidence) would be the re-election of a People's Democratic Party (PDP) government and president. However,... 2006-08-15

BMI View: The government's protracted effort to sell fixed lineoperator Nitel seems again to have run into complications, but a more flexible attitude on the part of the authorities... 2006-07-31

BMI View: International organisations have put fresh emphasis on the need forthe Nigerian federal government to reform its system for sharing oilrevenues with state governments. ... 2006-07-31

BMI View: We continue to forecast a sluggish growth rate of 2.4% for 2006, on the back of a severe downturn in oil sector output (as a result of the militant campaign in the Niger... 2006-07-24

The decision of the Nigerian government to cut 33,000 jobs (20% of the civil service) just as re-electoral noise picks up, is somewhat surprising. Although it may well be a laudable... 2006-07-24

BMI View: With investment having flooded in to the oil sector, attentions are now turning to Nigeria's ample natural gas reserves - a development which bodes well for keeping growth... 2006-07-13

BMI View: Although our immediate reaction to Nigeria's surprise cabinet reshuffle on June 21 is one of concern over the departure of respected Finance Minister Ngozi Okonjo-Iweala,... 2006-07-07

BMI View: We currently predict real GDP growth of below 2.4% y-o-y in 2006, reflecting the effect of militant action against oil installations. Q1 GDP was around 2.7% (preliminary... 2006-07-07