Nigeria was once feted as Africa's leading economy. However, attacks on its oil infrastructure and a dollar liquidity crunch have pushed it into recession. But the government is determined to push through strategies that will revive this regional powerhouse, as James King reports.
Faced with an economic squeeze, Nigeria has devised a masterplan to energise its capital markets. But while major companies are gradually starting to list on the Nigerian Stock Exchange, low liquidity and inflation are acting as a brake on recovery. Chris Stein reports.
Dr Sarah Alade, deputy governor, economic policy directorate, at the Central Bank of Nigeria, talks to James King about the measures the central bank is taking to boost foreign exchange, how it is mitigating Nigeria's risk from exposure to oil and why the effect of a US rate hike would be muted.
Nigeria's central bank governor, Godwin Emefiele, tells James King that his economic policies, which some have blamed for a decline in manufacturing in the country, encourage foreign exchange flows and improve transparency, and thus investor confidence.
Economic problems at home and lower profits elsewhere in Africa mean Nigerian banks are having to revisit their strategies for growth across the continent, but what will be the consequences for the countries that they are winding down in or even exiting from?
Ecobank’s reputation took a battering last year as it became mired in a well-publicised corporate governance crisis. Its new chief executive, Albert Essien, has restored some calm, and he tells Paul Wallace how he hopes to make the kind of returns that will entice more international investors to buy its stock.