Strategy, management consulting and financial advisory across Nigeria and Africa
Most firms bring a lens. We see the whole picture.
Carthena Advisory provides economic intelligence and business transformation advisory services that help organisations outperform, scale sustainably and build lasting competitive advantage.
Our Partners Trust Us
Six tests for Nigeria’s 2027 election
Carthena’s biannual flagship. The six tests every presidential programme will be scored against, with declared weights and rules of evidence, published before the scoring opens in December.
Read Edition 01 →The path to success: Optimise Value. Build Sustainability.
We are a trusted financial and management advisory firm supporting businesses and institutions across Africa. We combine rigorous economic analysis, strategic clarity and hands-on transformation expertise to help clients deliver superior performance.
Our services are aligned with the United Nations Sustainable Development Goals, including Quality Education, Gender Equality, Decent Work, Climate Action and Partnerships for the Goals.
Learn About the FirmTransformation Advisory
Strategic and operational support for long-term growth.
Economic Intelligence
Actionable insights to support high-stakes decision-making.
Capability Building
Training and development that strengthens execution capacity.
Capital and Transactions
Capital raising and transaction advisory, from due diligence to close.
What We Do
Strategy consulting and implementation
From strategic intent to measurable outcomes.
Feasibility studies and business plans
Market intelligence and feasibility analysis.
Market entry and go-to-market strategy
Entry strategy, go-to-market and route to market.
Economic intelligence on Nigeria and Africa
Macroeconomic outlooks, policy and sector research.
Process improvement and operational efficiency
Lean diagnostics and performance improvement.
Supply chain advisory
Resilient, data-driven supply chain design.
Transaction advisory and capital raising
Capital raising and investor readiness.
Real estate advisory
Market studies, feasibility and go-to-market for developers.
Pricing and margin improvement
Price architecture, cost pass-through and channel economics.
Forensic audit and fraud investigation
Financial investigation and controls assurance.
Mergers and acquisitions, due diligence and valuation
End-to-end M&A and integration support.
Public sector and institutional strengthening
Governance frameworks for public institutions.
Organisational design and change management
Structures, operating models and change people adopt.
Talent screening and pre-employment assessment
Structured hiring assessment for evidence-based recruitment.
Latest Thinking
Nigeria's power sector earns in naira and pays in dollars
Power distribution revenue is up more than sevenfold in naira since 2016 but only 29 per cent in dollars, and it still does not cover the cost of generating the power.
Read More →
September was a harvest, not a disinflation
Nigeria's headline inflation fell to 14.63% in September. Core inflation, which strips out food and energy, rose at its fastest monthly pace of the quarter.
Read More →
Nigeria is renting its stability
Reserves stand at an eighteen-year high while interest consumes 53.7% of federal revenue. Nigeria is not being paid for its stability; it is paying for it.
Read More →Training programmes that deliver measurable results
Across 50 client organisations, participants have reported revenue growth of 24 per cent and productivity gains of 22 per cent following our training programmes, alongside lower operating costs.
We partner with Velsoft Inc. and renowned training institutions across the UK, USA, UAE, South Africa, and Rwanda.
Explore Training Programmes↓ Download Q4 2026 Training Calendar (PDF)Stay informed
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