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Introduction        The Nigerian economy fell into a recession in the second quarter (Q2) of 2016, as it recorded a GDP growth rate of -2.06% (www.nigerianstat.gov.ng/report/434) owing, amongst other variables, to the fall in the price of oil. In a bid to resolve the current...

A. Introduction A value added service (VAS) is any service other than voice calls provided over a mobile network to subscribers. In Nigeria, VAS is big business and the most popular VAS is probably caller ring back tunes. The Nigerian VAS industry, estimated to be worth $200...

As at July 2016, the total installed power generation capacity in Nigeria, a country of over 187 million people (www.worldometers.info), was 12,522MW; 85% of which is gas-fired (thermal) and 15% is hydro-generated. The country achieved its highest peak generation output of...

Introduction Nigeria is currently ranked 169 out of 189 countries in the World Bank Ease of Doing Business index. This is a small improvement on Nigeria’s ranking of 170 in 2015, and 175 in 2014. Nigeria’s average ranking between 2008 and 2015 was 141, reaching an all-time high...

Introduction The federal government has been making concerted efforts to attract private sector financing with a view to bridging the infrastructure deficit in Nigeria. The Minister of Finance, in an April 8, 2016 article, mentioned that Nigeria’s first-ever “project tied”...

Introduction Pension funds are a fast-growing and useful asset pool for funding infrastructure projects in Nigeria. The National Pension Commission (PENCOM) recently announced that the asset pool made up of contributor’s funds, and managed by Pension Fund Administrators (PFAs),...

Introduction The importance of infrastructure development to the prosperity of any nation cannot be overstated. The National Integrated Infrastructure Master Plan (NIIMP) (issued by the National Planning Commission and approved by the Federal Executive Council in September...

Introduction   The Nigerian population is above one hundred and eighty three million (www.worldometers.info), and about 55% of the population have no access to grid-connected electricity (Nigeria Power Baseline Report -nesistats.org). Access to electricity in the rural areas is...

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Nigeria is a resource-rich country, but the focus has been on the production and exportation of crude oil and oil products. With the prolonged downturn in oil prices, more than ever, it is imperative for Nigeria to move from being a mono-product economy to one with a more...

A.      INTRODUCTION On April 2nd, 2015, the Securities and Exchange Commission (“SEC” or the “Commission”) as the apex regulator of the Nigerian capital market, released amendments to the existing Securities and Exchange Commission Rules and Regulations, 2013 (the “Rules”)....

INTRODUCTION The development of Secondary Mortgage Markets (SMMs) is becoming an increasingly important objective of global economies. While mortgage loans are originated in the Primary Mortgage Markets (PMMs) and involve raising capital through the use of property as security,...