Nigeria

Economics

Energy

Vice-chairman of the Nigerian Electricity Regulatory Commission (NERC) Musilu Oseni announced that the regulatory body had approved a 240% increase in electricity prices for power consumers in the Band A category from 68 naira per kilowatt hour to 225 naira per kilowatt hour that will take effect immediately, Punch reported April 4.

Nigeria: Regulator Approves 240% Hike in Electricity Prices as Government Cuts Subsidies

Nigeria's Dangote refinery began supplying the country's domestic market with petroleum products, Reuters reported April 2.

Nigeria: Dangote Refinery Begins Supply of Petroleum Products to Domestic Market 

Politics

A spokesperson for Nigeria's Solid Minerals Development Ministry confirmed that the Nigerian government would only grant new mining licenses to companies processing minerals within the country, Reuters reported on March 28.

Nigeria: Ministry To Restrict Mining Licenses to Companies Processing Minerals Locally 

Military & Security

The Central Bank of Nigeria raised interest rates by 200 basis points, up from 22.75% to 24.75%, Bloomberg reported on March 26.

Nigeria: Central Bank Hikes Interest Rates Further Amid Stabilizing Naira

Benin

Niger

Nigerian President Bola Tinubu announced that Nigeria's border with Niger would reopen immediately, Radio France Internationale reported on March 13.

Nigeria: Government Lifts Sanctions, Reopens Borders With Niger 

Burkina Faso

Cabo Verde

Cote d'Ivoire

Gambia

Ghana

Guinea Bissau

Liberia

Mali

Senegal

Sierra Leone

Togo

Mali, Niger and Burkina Faso formally notified the Economic Community of West African States, or ECOWAS, of their intention to withdraw from the regional bloc, Jeune Afrique reported on Jan. 30.

Sahel: Mali, Niger, Burkina Faso Send Formal Notification of Exit From ECOWAS 

Shell agreed to sell its Nigerian onshore oil subsidiary, the Shell Petroleum Development Company (SPDC), to Renaissance, a Nigerian-led local consortium, according to a Jan. 16 press release from Shell.

Nigeria: Shell Agrees to Exit Nigerian Onshore Oil Sector

Nigerian President Bola Tinubu presented the 27.5 trillion naira ($34.85 billion) 2024 budget to the National Assembly, Premium Times reported on Nov. 29.

Nigeria: President Presents 2024 Budget to National Assembly

Assessments

Nigerian naira banknotes on Jan. 28, 2016, in Lagos, Nigeria.

Despite the government's commitment to fiscal prudence and macroeconomic and currency reforms, economic conditions in Nigeria will remain challenging in 2024 and 2025 amid modest economic growth and high inflation, keeping the risk of socioeconomic unrest and policy slippage elevated.

Despite Reforms and Prudence, Nigeria's Economy Will Still Challenge the Government

Angola

United States

Yemen

Europe

France

Russia

India

India Prime Minister Narendra Modi (R) meets with French President Emmanuel Macron on Dec. 1, 2023, in Dubai.

Israel-Hamas Conflict

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Blinken Visits Africa, Macron Visits India

Chad

French soldiers of the Barkhane force patrol the streets of Timbuktu, Mali, on Dec. 5, 2021.

In the wake of Niger's coup, France will be compelled to revamp its security strategy in the Sahel and West Africa at large.

What the Niger Crisis Means for France's Counterterrorism Strategy in Africa

Protesters hold placards denouncing ECOWAS on Aug. 3, 2023, in Niamey, Niger. While an intervention probably would topple the Nigerien junta, it could cause a regional conflict, boost jihadists and lead to a weak Nigerian civilian regime.

While an intervention probably would topple the Nigerien junta, it could cause a regional conflict, boost jihadists and lead to a weak Nigerian civilian regime.

How Might an ECOWAS Military Intervention Take Shape in Niger?

Columns

On Geopolitics

A busy street is seen in Lagos, Nigeria. 

Social Issues

The Nigerian state is unprepared to handle the impending population boom, which will likely spur massive overpopulation and underdevelopment in urban centers and inflame regional divides.

Africa's Population Boom: Nigeria

China

Japan

United Kingdom

Russian President Vladimir Putin (L) and Chinese President Xi Jinping pose during their Feb. 4, 2022, meeting in Beijing. Chinese President Xi Jinping will arrive March 20, 2023, in Moscow for a three-day trip to Russia to meet with President Vladimir Putin and other high-ranking Russian officials. 

The Weekly Rundown: Nigeria Elects Governors, Xi Visits Russia

Snapshots

Nigerian President-elect Bola Tinubu (right) and the chairman of the country's Independent National Election Commission (INEC), Yakubu Mahmood, look on during a ceremony in Abuja on March 1, 2023. 

Tinubu will likely face a legal challenge to his victory that will prolong the already elevated risk of electoral unrest, though he'll almost certainly still take office in May.

Nigeria Braces for More Turmoil After the Ruling Party Wins the Presidency

Poland

Ukraine

Russian President Vladimir Putin gives a speech at the Kremlin in Moscow on Sept. 30, 2022. 

The Weekly Rundown: Putin Gives a Speech, Biden Visits Poland as Ukraine War Hits One Year

Supporters hold flags to support opposition PDP candidate Atiku Abubakar during a campaign rally in Kano state in northwestern Nigeria on Feb. 9, 2023.

A potential break from Nigeria's informal power-sharing system and the rising popularity of a dark horse candidate are set to make the country's upcoming election divisive and violent.

A Presidential Election in Nigeria Will Likely Entrench the Status Quo

Israel

Taiwan

An Israeli flag. The Knesset on Feb. 13 will begin the voting process on proposed judicial reforms changing how Israel's Supreme Court is appointed to favor the coalition that controls the legislature and reducing the court's power of judicial view over the country's Basic Laws.

Russia-Ukraine Conflict

The Weekly Rundown: Israel Votes on Judicial Reform, Nigeria Takes up a Contentious Currency Swap

Sub-Saharan Africa

South Sudan

Burundi

Central African Republic

Democratic Republic of the Congo

Ethiopia

Kenya

Mozambique

South Africa

Sudan

Tanzania

Zimbabwe

Women sit under U.N.-branded cardboard boxes in Semera, Ethiopia, on Feb. 14, 2022, as they wait to be registered by the authorities at a hotel compound hosting civilians fleeing violence. 

GBV is often primarily seen as a women’s and human rights issue. But in sub-Saharan Africa, it is also a key constraint to stable (and democratic) governance, economic growth, and lasting peace.

The Geopolitics of Gender-Based Violence in Africa

Argentina

Brazil

Iran

Turkey

Hong Kong SAR, China

Germany

Belarus

In this scorecard, we take a critical look at our successes and slip-ups in forecasting geopolitical events over the past year.

Grading Our 2022 Annual Forecast as 2023 Approaches

The West African country of Nigeria is bordered by Benin, Niger, Chad, Cameroon and the Gulf of Guinea. Nigeria gained its independence from Great Britain in 1960.    A series of mountains form the country's eastern border. Two rivers, the Niger and the Benue, effectively form a boundary between northern, southwestern and southeastern Nigeria. The northern half of the country is largely savannah grassland supportive of pastoral agriculture. Highlands in the south produce cash crops like oil palms and rubber.    Most of Nigeria's regions have arable lands that allow the country to support Africa's largest population of 150 million people. Each region has a dominant ethnic group. The Hausa-Fulani are based in the north, the Yoruba in the southwest and the Igbo in the southeast. These and more than 250 other ethnicities all vie for control over the Niger Delta region because of its abundant reserves of oil and natural gas. The Niger Delta region itself is home to the Ijaw people who have exerted disproportionate influence over the country's politics as seen with the election of Goodluck Jonathan as president in 2011. Nigeria's capital, Abuja, was intentionally located in the country's center to promote its neutrality.     Managing the competition for natural resources between these ethnically divided regions is Nigeria's primary geographic challenge.    Looking ahead, Nigeria will have to settle its internal ethnic division and astutely manage its oil revenue to deal with its projected population of 390 million people by 2050.

Nigeria: Obstacles to Prosperity

A Crude Recovery

The Jihadist Wars

The Suitors of Sub-Saharan Africa

SITUATION REPORTS

Nigeria: Regulator Approves 240% Hike in Electricity Prices as Government Cuts Subsidies

Nigeria: Dangote Refinery Begins Supply of Petroleum Products to Domestic Market

Nigeria: Ministry To Restrict Mining Licenses to Companies Processing Minerals Locally

Nigeria: Central Bank Hikes Interest Rates Further Amid Stabilizing Naira

Nigeria: Government Lifts Sanctions, Reopens Borders With Niger

Sahel: Mali, Niger, Burkina Faso Send Formal Notification of Exit From ECOWAS

Nigeria: Shell Agrees to Exit Nigerian Onshore Oil Sector

Nigeria: President Presents 2024 Budget to National Assembly

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