By nature, Nigerians are predominantly traditional in their approach to shopping. This is hardly surprising when you consider that online shopping or e-commerce, as it is more popularly known, is a fairly recent phenomenon, one that is still catching on here in Nigeria but undoubtedly growing in leaps and bounds. …
Read More »Nigeria Tops Private Capital Inflow in 2021 — Report
Nigeria is in number one on the list of countries that had remarkable private capital inflow in 2021 with global assets under management (AuM) rising by 12 per cent to $112 trillion, significantly above the 20-year growth average of 7 per cent. This is contained in the new report released …
Read More »Digital Wealth Managers Threaten Traditional Players’ Dominance – BCG Report
Online platforms offering wealth management services and delivering faster customer growth, cheaper cost structures, and superior innovation, command a significant market premium, threatening the market dominance of traditional players, according to a report by Boston Consulting Group (BCG). The 22nd edition of the annual report on the global wealth management …
Read More »A Just Transition to Climate Resilience Could Transform Africa into a Green Powerhouse
African countries face major climate-related challenges, but at the same time they have the opportunity to achieve sustainable low-carbon economies, according to a new report by Boston Consulting Group (BCG). The report, titled “Building a Climate-Resilient, Low-Carbon, Job-Rich Africa,” identifies particular disadvantages that countries on the continent must overcome but …
Read More »How Girls can Bridge the Gap in ICT
By Phillipa Osakwe-Okoye, Principal, BCG Lagos According to a youth survey report issued by the National Bureau of Statistics, young women and girls in Nigeria are half as likely to have a career in computer science and technology-related (ICT) fields as men. While the ICT gap in digital skills is …
Read More »Quantum Computing Set to Transform Multiple Industries, Predicts $850 Billion in Annual Value by 2040
Confidence that quantum computers will solve major problems that are beyond the reach of traditional computers—a milestone known as quantum advantage—has grown fast in the past twelve months, according to a new report by Boston Consulting Group (BCG), titled, What Happens When “If” Turns to “When” in Quantum Computing? Investors …
Read More »Despite COVID-19, Global Financial Wealth Soared to Record High of $250 Trillion in 2021
Global financial wealth reached an all-time high of $250 trillion in 2020 as household savings rose and markets showed unexpected resilience in the face of the protracted COVID-19 pandemic, according to a new report by Boston Consulting Group (BCG). The report, titled Global Wealth 2021: When Clients Take the Lead, …
Read More »BCG Prescribes Post-COVID Recovery Roadmap For Nigeria
The Boston Consulting Group (BCG), a global management consultancy firm, has proposed the promotion of financial inclusion, equitable distribution of resources, infrastructural development and formulation of requisite fiscal policies as initiatives that will drive Nigerias post-Covid economic recovery. The measures were highlighted in a recent BCG report titled “How to …
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