Rebuilding Nigeria: Reforms are taking shape

Rebuilding Nigeria: Reforms are taking shape

Has Nigeria's time finally come?

September 29, 2010

Nigeria has come through a major financial crisis and, according to its leaders, is finally on its way to fulfilling its undoubted potential. Stephen Timewell reports.

A fresh start

September 29, 2010

Following a banking crisis in 2008, Nigeria has embarked on ambitious reform in the sector. This has included a rigorous audit that resulted in replacement of management at several banks, the ending of 'universal banking', measures to boost lending to industry and small businesses, and a new corporation to take over banks' bad loans. Stephen Timewell assesses how likely this transformation is to succeed.

Mixed fortunes

September 29, 2010

First Bank of Nigeria (which tops The Banker's ranking of the country's banks) has its headquarters alongside those of Union Bank in Lagos

The banking landscape in Nigeria has changed dramatically over the past two years; a swift collapse followed the end of a banking boom, then a central bank audit revealed instances of malpractice and poor management, prompting major intervention. Now some banks are leading the way in rebuilding their fortunes and finances. Stephen Timewell reports

Central Bank of Nigeria on crisis and reform

September 29, 2010

Lamido Sanusi, governor of the Central Bank of Nigeria, speaks to The Banker's editor, Brian Caplen, and editor emeritus, Stephen Timewell, about the country's crises, reforms and the development of its economy.

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The beginning of a special relationship?

September 29, 2010

Into Africa: Jiang Jainqing, chairman of ICBC, visited Nigeria last year as his bank looks to strengthen its African presence

While Nigeria is increasingly appearing on investors' radars the world over, it is China that has been the most active in the country. However, it isn't just Nigeria's abundance of oil and gas that is exciting Chinese investors. Stephen Timewell reports.

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