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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

April 16, 2018

Japan
Abe Returns to Mar-a-Lago

Japanese Prime Minister Shinzo Abe will return to Florida tomorrow to meet with President Donald J. Trump. Much has changed since Abe’s first visit in February 2017, just a month into the new Trump a…

U.S. President Donald Trump, First Lady Melania Trump, Japanese Prime Minister Shinzo Abe and his wife Akie Abe pose for a photograph before attending dinner at Mar-a-Lago Club in Palm Beach, Florida, on February 11, 2017.

July 9, 2012

Sub-Saharan Africa
Lagos a Success Story?

In a celebration of Lagos and African urbanization, the Financial Times ran a piece by Xan Rice highlighting Nigeria’s commercial capital’s size, its economic importance, and its government’s energy …

An aerial view shows the central business district in Nigeria's commercial capital of Lagos, April 7, 2009.

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.

April 5, 2017

China
A Note to President Trump: What NOT to Do in Mar-a-Lago

There are many people who have ideas about what should happen at the Xi-Trump summit. Almost as important, however, is what should not happen. Here are my suggestions for the top five things Presiden…

China Trump Xi Mar-a-Lago U.S. Summit

November 16, 2011

Mexico
United States, Mexico, and Latin America with Ricardo Salinas

As chairman and founder of Grupo Salinas, Ricardo Salinas has built one of the largest business conglomerates in Latin America providing banking and telecommunication services to millions at the bott…

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.

September 1, 2015

Sub-Saharan Africa
Boko Haram Turns to Lagos

Lagos, one of the largest cities in the world and the heart of Nigeria’s modern economy, has not been the venue for Boko Haram or other radical jihadi terrorism. The sole episode occurred in 2014 and…

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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

January 8, 2014

Sub-Saharan Africa
Could Lagos Be a Model for the Developing World?

Seth D. Kaplan, writing in the opinion pages of the January 7 New York Times, observes that by 2015, half the world’s population living on less than $1.25 a day will reside in fragile states. These p…

People sit and trade under a bridge at the Orile-Iganmu district of Lagos August 29, 2013