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The theory behind all of it, gas, telecoms, water, rail, was called popular capitalism, and it rested on a wager: that if enough ordinary Britons held shares directly, they would develop a stake, literal and psychological, in the fiscal health of the nation. Capitalism would stop being something done to people and start being something done by them.
Dan Etete For decades Nigerians have been told that corruption in the oil industry is the product of weak institutions, bad leadership and poor governance. That explanation has become so familiar that many accept it without question. Yet the deeper problem may not be governance failure alone. The more troubling possibility is that parts of …
Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion new ordinary shares at ₦525 each. The minimum subscription is 10 shares, costing ₦5,250.
Next in Abuja, four governments will do something that sounds, on paper, like a belated act of economic self-respect. Nigeria, Ghana, Côte d'Ivoire and Cameroon between them the source of roughly two-thirds of the cocoa that becomes the world's chocolate will sign the Abuja Declaration and stand up a Cocoa Value Addition Alliance, a coordinated attempt to stop shipping out raw beans and start capturing some of the value that currently accrues, almost entirely, to everyone else. Nigeria will additionally sign its own Cocoa Value Addition Accord, a domestic compact roping in governors, farmer groups, financiers and researchers into the project of turning bean into brand rather than bean into someone else's bar.
