globalEDGE Blog - By Tag: Nigeria

Africa is the second largest mobile phone market in the world. Does this fact surprise you? Probably, but Africa is expected to reach over 700 million mobile subscribers in the next year. Not only is the African mobile market large in size, it is also the fastest-growing on the planet as well.  This provides an abundance of opportunity for investors, technology and mobile companies, and service providers.

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There has been a debate going on for many years, the true value of investing in frontier markets. The results of investing in frontier markets seem inherently leveraged when compared to the results of investing in the more steady paced developed markets. While people with safety as the forefront of their current investment philosophy may not have any desire to invest in these markets, the intelligent investor with the time and knowledge to invest for the long run can benefit greatly from investing in the frontier. I believe that right now is a good time to put money down for the long run in these growing markets.

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Think that the United States being in financial limbo has no repercussions on the rest of the world? You’d be thinking wrong. In Nigeria, financial authorities have attempted to construct strong fiscal measures in an attempt to extricate the country’s stock market in the wake of the collapse of major U.S. financial institutions. Nigeria’s two chief government-operated financial policymakers, The Central Bank of Nigeria and the Securities and Exchange Commission have announced new policy measures they plan to enact in order to prevent this hemorrhage of assets in the Nigerian capital market. The plan includes measures set forth by the Central Bank such as reducing the Monetary Policy Rate, reducing the Cash Reserve Ratio, and reducing the Liquidity Ratio. Following three years of spiraling growth and high returns, the Nigerian market is now seeing prices crashing beneath initial quotation.

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