Latest articles from Africa

From World / Africa / Nigeria

Nigeria’s bad bank: here to stay

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.

From World / Africa / Nigeria

Nigerian banks shrug off regulatory headaches

Nigeria’s banks may be suffering the impact of regulatory changes and monetary tightening, but the country’s robust growth and economic reforms are taking away the sting.

Godwin Emefiele
From World / Africa / Nigeria

The tough act to follow at Nigeria's central bank

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.

Nigerian president Goodluck Jonathan
From World / Africa / Nigeria

Nigeria: still on track?

Nigeria’s rapidly growing economy has increased its appeal to the world’s emerging market investors. But political tensions ahead of next year’s elections and failed reforms have exposed some glaring weaknesses.

Trouble rumbles on at Ecobank
From World / Africa / Nigeria

A cautionary tale for African banks

The controversy that has dogged pan-African lender Ecobank in the last nine months has shaken it to its core. Last month Thierry Tanoh, its chief executive, was forced to stand down in what was the latest and, Ecobank shareholders will hope, possibly the last in a series of events that has dented the institution’s credibility.

From World / Africa / Nigeria

Nigeria's credibility on the line

In Nigeria, ousted central bank governor Lamido Sanusi is under scrutiny. However, on an international level, it is the government that should be worrying about its reputation.

MINT banks face fresh challenges
From World / Africa / Nigeria

MINT banks face fresh challenges

If the early 2000s were all about the emerging economies of Brazil, Russia, India and China, now attention is shifting to the up-and-coming countries of Mexico, Indonesia, Nigeria and Turkey – the MINTs. And with rapid economic growth predicted, retail banks in these countries will be under enormous pressure to keep up.

Ngozi Okonjo-Iweala
From World / Africa / Nigeria

Nigeria's FM prepares for 'brutal' year

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. 

Amara Konneh
From World / Africa / Liberia

Liberia's finance minister looks to turn economic fortunes around

Liberia’s economy has come a long way since its devastating civil war ended 11 years ago, but it remains one of the world’s poorest countries. Amara Konneh, who won The Banker’s African Finance Minister of the Year award for 2014, tells Paul Wallace how the Liberian government is trying to change that.

Edoh Kossi Amenounve
From World / Africa / Benin

Building Francophone Africa’s capital markets

Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets. 

We use cookies to improve site performance and enhance your user experience. If you’d like to disable cookies on this device, please see our cookie management page. If you close this message or continue to use the site, you consent to our use of cookies on this device in accordance with our cookie policy, unless you disable them.