Amcon, Nigeria’s resolution vehicle set up after its 2009 financial crisis, has made a lot of progress restructuring the billions of dollars of loans it holds. But its chief executive Mustafa Chike-Obi says its work will get harder and argues against calls for it to be wound down quickly.
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Investors in Nigeria were shocked when central bank governor Lamido Sanusi was suspended in February. His likely successor, Godwin Emefiele, is a very different character, but he will be keen to prove he is no less independent.
With elections looming, Ngozi Okonjo-Iweala’s next year as Nigeria’s finance minster promises to be even more demanding that usual. But she is determined to ensure that the country’s strong macroeconomic performance of recent years and reform agenda do not slip.
While Portugal has moved out of recession – just – its recovery seems tentative at best. Its economy minister, however, is optimistic about the country's future, and tells Silvia Pavoni that its strong exports to countries outside of the eurozone in particular point to better times ahead.
Speculation about who will succeed Sanusi Lamido Sanusi as Nigeria’s central bank governor next year is mounting. Outgoing Access Bank CEO Aigboje Aig-Imoukhuede, one of the leading candidates, tells The Banker the role would be difficult to turn down.
Ecobank has been hurt recently by several allegations concerning its corporate governance. But Thierry Tanoh, its chief executive, insists it has done nothing wrong. He also explains why the pan-African lender represents a unique investment opportunity.
Moves to establish an EU-wide banking union have developed at a rapid pace in recent months, and, if carried out properly, would complete the creation of a single market for financial services throughout Europe.
Bank of Korea governor Choongsoo Kim tells Jane Cooper how he aims to bridge the gap at international meetings between emerging and developed economies, and how he plans to globalise South Korea’s central bank.
A new inflation targeting framework, efforts to improve the supply of credit and the implementation of Basel III all pose challenges for the Bank of Russia, as well as opportunities to modernise the country's financial system.
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