November 18, 2019Nigeria
This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from November 9 to 15, 2019.
November 8, 2019Nigeria
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.
October 22, 2019Nigeria
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.
October 10, 2019Sub-Saharan 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.
October 9, 2019Sub-Saharan Africa
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.
October 7, 2019Nigeria
This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 28 to October 4, 2019.
September 30, 2019Nigeria
This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 21 to 27, 2019.
September 27, 2019Nigeria
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.
September 20, 2019Trade
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 …