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November 18, 2019

Nigeria
Nigeria Security Tracker Weekly Update: November 9–15

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from November 9 to 15, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

November 8, 2019

Nigeria
Middle Class Nigerians Struggle to Afford Housing in Lagos

Housing for professionals working in the modern economy are challenged in most of the world’s mega-cities. Lagos is no exception, as profiled by the BBC. Its reporter estimates that “middle-to-high-income” housing can cost between $5,000 and $40,000 a year. But the practice of paying a year’s worth of rent upfront sets Lagos apart: the BBC’s reporter was asked for between $11,000 and $22,000 for a two-bedroom apartment with electricity in a good Lagos neighborhood, Victoria Island.

Yachts seen docked at the marina in front of housing complex building

October 22, 2019

Nigeria
Nigerian Art Continues to Make Waves

A work by the late Nigerian artist Ben Enwonwu fetched $1.4 million at a Sotheby’s auction in London on October 15. The painting, “Christine,” is a 1971 portrait of the Caribbean-origin American wife of a missionary. After her death, the portrait hung on the wall at her family’s home. Unaware of the origin of the piece, a stepson eventually reached out to Sotheby’s to see if it had any value. 

A women looks at the painting "Christine," by Ben Enwonwu.

October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in Africa

Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

October 9, 2019

Sub-Saharan Africa
The Origins of African States, and Their Names

An article on the origins of the names of African countries was recently published in Quartz. It includes a map of the continent in 1885, shortly after the Berlin Conference. Portuguese and Arabic traders and explorers are the origins of some names, European mispronunciation of tribal names are the origins of others.

A bird flies in front of Mount Kenya on the horizon in Laikipia national park, Kenya.

October 7, 2019

Nigeria
Nigeria Security Tracker Weekly Update: September 28–October 4

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 28 to October 4, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

September 30, 2019

Nigeria
Nigeria Security Tracker Weekly Update: September 21–27

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 21 to 27, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

September 27, 2019

Nigeria
U.S. Arrests Celebrated Nigerian Entrepreneur for Fraud

In August, the Federal Bureau of Investigation (FBI) indicted eighty people for what it described as “the largest case of online fraud in U.S. history.” Seventy-seven of them were Nigerian. Separately, also indicted for computer and wire fraud was Obinwanne Okeke. He is accused of defrauding a subsidiary of Caterpillar of $11 million.

A car is parked on the street that says "FBI Police" on it.

September 20, 2019

Trade
Why Global Trade Imbalances Could Get Worse Before They Get Better…

Transatlantic imbalances reflect Europe's demand deficit, which should be easy to solve (but isn't). Transpacific imbalances haven't disappeared. And are likely harder to solve, as they stem from an …

Banco De Espana Conference on Global Imbalances and Capital Flows in the Era of New Technologies

September 17, 2019

United States
World Economic Update

The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their i…

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