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The Project Herald Imagine you own a bakery. You buy flour from suppliers who insist on being paid in US dollars. But your customers can only pay you in naira. Every time the naira weakens, replacing your flour becomes more expensive. Even if your bakery is busy and sales are growing, you could still lose
ABUJA, NIGERIA — When governments announce new investment policies, tax incentives or business reforms, the expectation is often that foreign and local investors will respond by committing more capital. Sometimes they do. Sometimes they wait. That difference raises an important question. What exactly do investors look for before deciding to invest in a country like
What Every Investor Looks for Before Bringing Money Into Nigeria Read More »
LAGOS, NIGERIA — Across Nigeria, a quiet transformation is taking place inside factories, industrial estates, commercial buildings and corporate headquarters. Rather than waiting for improvements in the national electricity grid, many companies are taking matters into their own hands by building their own power plants. From cement manufacturers and breweries to banks, telecommunications companies, food
Why Nigerian Companies Are Investing More in Their Own Power Generation Than Ever Before Read More »
Project Analysis | The Project Herald Today, American private equity firm Apollo Global Management launched a £5.7 billion takeover bid for British low-cost airline easyJet, outbidding rival investment firm Castlelake and prompting the airline’s board to indicate that it is minded to recommend Apollo’s offer to shareholders. Apollo’s proposal values easyJet at £7.15 per share,
Why Apollo’s £5.7 Billion Bid for easyJet Matters Beyond Aviation Read More »
pRenaissance Energy has announced an offshore oil discovery at Oil Mining Lease (OML) 74, marking the company’s first major exploration success since assuming control of the asset in 2025. According to the company, preliminary drilling results identified approximately 1,000 feet (about 305 metres) of hydrocarbon-bearing reservoirs across seven separate zones. Early evaluation and fluid testing
Renaissance Energy Announces Offshore Oil Discovery at OML 74 Read More »
Nigeria’s fiscal reporting framework has come under renewed scrutiny following observations contained in the International Monetary Fund’s (IMF) 2026 Article IV Consultation, which highlighted approximately ₦8.8 trillion in government expenditure that was not reflected in official budget documentation. The IMF estimated that the unrecorded expenditure represented about 2 percent of Nigeria’s Gross Domestic Product (GDP),
For decades, export performance has often been measured by a single question: How much did a country export? It is an important metric, but it is not always the most meaningful one. A country can record impressive export earnings while remaining economically vulnerable if those exports come largely from a single commodity or a narrow
Why Export Diversification Matters More Than Export Volume Read More »
Trade agreements are often discussed in terms of tariff reductions, export figures, and government policy. While these measures are important, they rarely answer the question that matters most to businesses and investors: Where are the biggest commercial opportunities likely to emerge? As Africa moves towards deeper regional trade integration through the African Continental Free Trade
Which Sectors Are Best Positioned to Benefit from Regional Trade Integration? Read More »
Securing Mining Communities: What Osun’s New Intelligence Framework Could Mean for Investors, Communities and the Future of Mining The Osun State Government’s decision to establish a mining community intelligence framework is more than a security announcement. It reflects a growing recognition that the future of Nigeria’s mining industry will depend not only on the country’s
Bank loan performance is often viewed through the lens of quarterly earnings, regulatory disclosures, or financial stability reports. Discussions typically focus on non-performing loans (NPLs), provisioning, and profitability—metrics that matter greatly to banks and investors. However, limiting the conversation to the banking sector overlooks a much broader reality. Loan performance is one of the clearest
Beyond the Balance Sheet: The Wider Economic Impact of Bank Loan Performance Read More »