Business and Investment Outlook 2023 [Part 2]

Key takeaways from Part 2 include:

• Possible resumption of massive international oil company divestments from Nigeria if the pending disputes and litigation in that area are resolved in 2023

• The impact of the February 2023 deadline for voluntary early conversion of upstream oil exploration licences under the Petroleum Industry Act

• Uncertainties arising from the transition of the National Oil Corporation, NNPC from a statutory corporation to a company limited by shares

• Growth opportunities in the healthcare and pharmaceutical sectors in Nigeria and Africa post-COVID-19 pandemic

• Incumbents versus Disruptors: unfolding market contests between Fintechs and traditional financial services providers

• Potential risk of market saturation following the recent wave of newly licensed banks in Nigeria

The third and final part will be published Monday, 13th February.