A collapsed stock market and a plummeting oil price would normally be good reason for investors to steer clear of Nigeria. But the country is weathering the financial storm and its reformed bank sector, while unsteady, looks set to survive the crisis intact. Charlie Corbett reports from Lagos.
Africa
Latest articles from Africa
Ezra Suruma
April 7, 2009Uganda's government is pinning its hopes on an expansion in the agriculture sector, a boost in exports to its neighbours and a take-off in infrastructure projects as it attempts to avoid the worst effects of the global downturn, says the country's finance minister. Writer Peter Guest
Ahmed El houssieny
March 10, 2009The managing director of Cairo based Citadel Capital talks to The Banker about opportunities in the region and the impact of the economic crisis on Egypt’s financial sector. Writer Charlie Corbett.
Egypt faces the acid test
March 10, 2009Extensive reform means Egypt’s banks are better placed to face global economic turmoil than ever before, but the fragile, export-driven economy will be hit hard and the bank sector is not immune to the consequences. Writer Charlie Corbett in Cairo.
Nigeria’s banks and the impact of the crisis
February 2, 2009Nigeria’s banks have so far been relatively insulated from the credit crisis in the West, but with external sources of capital rapidly drying up, how long can this situation last? Erastus Akinbola is chief executive of one of Nigeria’s leading banks, Intercontinental Bank, and president of the Chartered Institute of Bankers in Nigeria. He spoke to Charlie Corbett about the impact of the credit crisis on Nigeria’s banking industry.
Down but not out for the count
February 2, 2009Falling international equity markets have swept Africa’s capital markets along with them. But the world’s poorest continent will continue to improve the sophistication of its exchanges. Writer Stuart Theobald.
Multilateralism, intervention and governance
February 2, 2009The former UK prime minister turned international envoy talks about his latest initiatives for improving African governance. Interview by Peter Guest.
Africa’s new leaders: The next generation
January 5, 2009Good news from Africa is often drowned out by a tide of negative reporting. The Banker aims to combat this by profiling the achievements of leading young Africans. Writer Charlie Corbett.
Nigeria Gains on South Africa Rankings
December 1, 2008Nigerian banks are continuing to make headway, but for the time being South Africa remains dominant. Writer Stephen Timewell.
Unfinished reforms test Egypt’s advance
November 3, 2008The Central Bank of Egypt’s reform programme has made significant improvements to the sector but a turbulent economic environment is creating challenges. Writer Nadine Marroushi.