CARTHENAADVISORY

Knowledge

Featured Insights

Economic intelligence and practical strategies for reading the forces shaping business and governance.

CARTHENAPOSITION  ·  Edition 01

Six tests for 2027

What Nigeria needs from whoever wins the 2027 election, and the six tests every presidential programme will be scored against.

The first edition of The Carthena Position, a flagship published twice a year and separate from these insights.

Read Edition 01 →
The Carthena Read, Issue 9: Nigeria's power sector earns in naira and pays in dollars. 85 naira collected per kilowatt-hour received against 95 naira to generate it; 4 per cent of the 2025 subsidy paid; 2,034 megawatts on the grid on 5 October.
Natural Resources & Infrastructure · 6 November 2026

Nigeria's power sector earns in naira and pays in dollars

The Carthena Read, Issue 8. Nigerian headline inflation at 0.06 per cent month on month in September, core inflation at plus 1.11 per cent, and a 350 basis point policy rate cut on 22 September.
Fiscal & Economic Policy · 23 October 2026

September was a harvest, not a disinflation

The Carthena Read Issue 7. Nigeria is renting its stability. External reserves at an eighteen-year high of $55.25bn, interest consuming 53.7% of federal revenue, and $135m of new direct investment in the first quarter.
Fiscal & Economic Policy · 2 October 2026

Nigeria is renting its stability

The Carthena Read Issue 6, September 2026. Nigeria knows what it needs to build. It cannot find the money to build it. $120bn needed every year, $1bn into power out of $12bn needed, 2% pension funds in infrastructure against a 15% regulatory ceiling.
Global Economic Intelligence · 17 September 2026

Nigeria knows what it needs to build. It cannot find the money to build it.

The Carthena Read Issue 5, September 2026: Nigeria bought stability, it has not yet bought progress. Q2 2026 GDP growth 4.43%, 133 million still in poverty, $150bn a year needed against a ~$45bn budget.
Global Economic Intelligence · 4 September 2026

Nigeria bought stability. It has not yet bought progress.

The Carthena Read Issue 4, August 2026: Ghana is doing the work. Inflation 3.2%, a 28-year low from 54% in 2022; reserves US$12.3bn; credit rating B and rising, from default.
Global Economic Intelligence · 14 August 2026

Ghana is doing the work

The Carthena Read Issue 3 cover: Nigeria mistakes motion for progress. Three stats: $11.5B announced, $4B arrived, 47 memoranda signed at one summit in two days.
Governance & Public Sector · 25 July 2026

Nigeria's investment gap is a knowledge problem, not an execution problem

The Carthena Read Issue 2 cover: Nigeria has a productivity problem 30 years in the making. Three stats: $4B in 2025 FDI, $2B was one oil deal, 5 of 5 exits cited FX repatriation.
Global Economic Intelligence · 10 July 2026

Nigeria has a productivity problem 30 years in the making

Choropleth map of African foreign direct investment inflows in 2024, with Egypt dominating at $46.6 billion and Nigeria at $1.08 billion.
Global Economic Intelligence · 26 June 2026

Africa's 2024 FDI: the Egypt effect and Nigeria's slide

Carthena Advisory cover: Nigeria does not have a planning problem, it has a strategy problem.
Strategy & Planning · 6 June 2026

Nigeria does not have a planning problem. It has a strategy problem.

Moniepoint Has a Hiring Problem. Nigeria Has a Pipeline Problem. They Are Not the Same Thing. - Carthena Advisory
Human Capital & Organisation · 15 May 2026

Moniepoint Has a Hiring Problem. Nigeria Has a Pipeline Problem. They Are Not the Same Thing.

China Opens the Door. Nigeria Did Not Walk Through. - Carthena Advisory
Global Economic Intelligence · 9 May 2026

China Opens the Door. Nigeria Did Not Walk Through.

The Architecture of Disruption: How the New Global Economic War Is Reshaping Africa's Future
Global Economic Intelligence · 21 March 2026

The Architecture of Disruption: How the New Global Economic War Is Reshaping Africa's Future

Nigeria's Infrastructure Moment: From Deficit to Defining Opportunity
Natural Resources & Infrastructure · 19 March 2026

Nigeria's Infrastructure Moment: From Deficit to Defining Opportunity

Nigeria's 2026 Economic Outlook and What It Means for Business
Economic Intelligence & Research · 15 January 2026

Nigeria's 2026 Economic Outlook and What It Means for Business

Managing Margin Erosion in Nigerian FMCG
Operations & Execution · 20 November 2025

Managing Margin Erosion in Nigerian FMCG

Capital Raising in African Aviation: Lessons from the Field
Economic Intelligence & Research · 10 September 2025

Capital Raising in African Aviation: Lessons from the Field

Why Nigerian Boards Need Commercial Resilience Diagnostics
Governance & Public Sector · 5 July 2025

Why Nigerian Boards Need Commercial Resilience Diagnostics

The Case for Process Optimisation in West African Manufacturing
Operations & Execution · 18 May 2025

The Case for Process Optimisation in West African Manufacturing

Uncover the power of Why for business success. Find your purpose, inspire your team, and thrive in a competitive market.
Strategy & Planning · 1 August 2023

Understand the Power of WHY: Unlock the Path to Business Success

Explore accountability in Nigeria's governance system, its importance, mechanisms, challenges, and solutions for transparent and responsible leadership.
Governance & Public Sector · 21 July 2023

Why Accountability in Nigeria’s Governance Matters Now More Than Ever

Carthena Insights: The urgent case for fiscal policy reforms in Nigeria's economic agenda. External debt $41.7bn, inflation 22.41%, infrastructure stock 25% of GDP against an 80% target.
Fiscal & Economic Policy · 10 July 2023

The Urgent Case for Fiscal Policy Reforms in Nigeria’s Economic Agenda

Unlock the power of creating viable public policies. Learn the essentials of effective governance, from policy creation to implementation.
Governance & Public Sector · 8 July 2023

How to Craft Public Policies That Deliver Real Impact in Governance

Effective growth strategies for micro, small, and medium-sized enterprises to achieve sustainable success in today's competitive business landscape.
Business Growth & MSME · 1 July 2023

Top Strategies to Accelerate MSME Growth in Nigeria

Unlock the potential for success by investing in middle managers. Discover how middle managers can drive organizational growth and achieve success.
Human Capital & Organisation · 29 June 2023

Unlocking Leadership Potential: The Strategic Value of Middle Managers

Embrace the Future: Unleash Potential & Seize Emerging Opportunities
Strategy & Planning · 25 June 2023

Embracing the Future: Unleash the Power of Emerging Opportunities

Unlock Your Business Growth Potential: Master the Art of Identifying and Overcoming Weaknesses! Discover Game-Changing Strategies to Skyrocket Growth.
Business Growth & MSME · 3 June 2023

Unleashing Business Growth: Strategies to Assess and Address Weaknesses

Unleash Your Organization's Strengths: Learn Powerful Techniques to Identify and Leverage Competitive Advantages. Gain an Edge in the Business Arena.
Strategy & Planning · 2 June 2023

Leverage Your Organization’s Strengths for a Competitive Advantage

Explore the fuel price impact on Nigeria's consumables. Understand its implications for the economy, everyday life and ways to mitigate the impact.
Fiscal & Economic Policy · 31 May 2023

How Fuel Prices Are Crushing Consumer Budgets in Nigeria

Unlocking Nigeria's maritime Sub-sector: Explore Vast Potential, Exciting Opportunities, and Lucrative Investments. Dive into the Blue Economy Today!
Economic Intelligence & Research · 31 May 2023

Unlocking Nigeria’s Maritime Potential: A Hidden Engine for Economic Growth

Discover Critical Operating Strategies for Nigeria's Retail Sector! Gain Insights to Thrive in the Competitive Market. Unlock Success Today!
Operations & Execution · 29 May 2023

Proven Operating Strategies to Strengthen Nigeria’s Retail Sector

Unleash Your Organization's Strengths: Learn Powerful Techniques to Identify and Leverage Competitive Advantages. Gain an Edge in the Business Arena.
Strategy & Planning · 26 May 2023

How to Build a Winning Mindset for High-Impact Strategy Sessions

Unleash Your Organization's Strengths: Learn Powerful Techniques to Identify and Leverage Competitive Advantages. Gain an Edge in the Business Arena.
Strategy & Planning · 25 May 2023

How to Use SWOT Analysis for Smarter Strategic Decisions

Unleash Your Organization's Strengths: Learn Powerful Techniques to Identify and Leverage Competitive Advantages. Gain an Edge in the Business Arena.
Strategy & Planning · 24 May 2023

How to Run High-Impact Strategy Sessions Using a Powerful SWOT Framework

Discover how to write an impactful training report with this guide. Learn the essential guidelines, structure, and format to highlight your training's outcomes.
Human Capital & Organisation · 24 May 2023

The Ultimate Guide to Writing an Effective Training Report

3 Proven Strategies to Align Your Business with the UN Sustainable Development Goals
Sustainability & ESG · 21 May 2023

3 Proven Strategies to Align Your Business with the UN Sustainable Development Goals

staff retention
Human Capital & Organisation · 18 May 2023

10 Proven Strategies to Boost Staff Retention in Nigerian Workplaces

diaspora remittance
Economic Intelligence & Research · 17 May 2023

Diaspora Remittances: A Vital Engine for Nigeria’s Economic Growth

institutional strengthening
Governance & Public Sector · 12 May 2023

Institutional Strengthening as the Key to Reviving Nigeria’s Economy

fuel subsidy removal
Fiscal & Economic Policy · 8 May 2023

Fuel Subsidy Removal in Nigeria: What Every Citizen Should Know

The EndSARS protests that took place in Nigeria had a significant impact on various sectors of the economy, including the insurance industry.
Economic Intelligence & Research · 29 December 2020

Impact of claims on the Insurance Industry - post EndSARS

financebill
Fiscal & Economic Policy · 5 December 2020

Discussing the 2020 Finance Bill at TVC News

Debt
Fiscal & Economic Policy · 12 November 2020

What Nigeria’s Rising Debt Profile Means for Growth and Stability

Business sustainability
Business Growth & MSME · 25 April 2020

Achieving Business Sustainability & Growth - Current/Post Covid-19 Thoughts

Business writing principles
Human Capital & Organisation · 3 March 2020

7 Business Writing Principles Every Professional Should Know

Carthena Insights: Why Nigeria needs a strong national identity to achieve economic progress. 65% below the poverty line, 63% aged 0 to 24, 250+ ethnic groups.
Fiscal & Economic Policy · 23 January 2020

Why Nigeria Needs a Strong National Identity to Achieve Economic Progress

Institutional strengthening is critical for sustainable food development. By building effective institutions, we can improve governance/promote accountability.
Governance & Public Sector · 8 January 2020

How Strong Institutions Can Drive Nigeria’s Economic Recovery