Latest articles from Nigeria

Nigerian president Goodluck Jonathan

Nigeria: still on track?

April 1, 2014

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

A cautionary tale for African banks

March 24, 2014

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.

Nigeria's credibility on the line

March 3, 2014

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

MINT banks face fresh challenges

March 3, 2014

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

Nigeria's FM prepares for 'brutal' year

March 3, 2014

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. 

Top 400 African banks ranking, 2013: Nigeria’s banking bonanza

January 2, 2014

In the latest ranking of African banks, Nigeria’s lenders had a blockbuster year in terms of profits, demonstrating their recovery from the country's 2009 crisis, while South Africa's banks remain way out in front of the rest of Africa, but continue to experience subdued growth. 

The next governor of Nigerias central bank

The next governor of Nigeria’s central bank?

December 2, 2013

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. 

Thierry Tanoh

Ecobank chief executive looks to the future

November 1, 2013

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. 

Emerging markets look to SWFs for stability

October 1, 2013

A new generation of sovereign wealth funds – from resource-rich economies in Africa and Latin America – has emerged over the past few years. While these new funds are still relatively small, their impact could be sizable if they enable their source countries to secure stable economic growth and mitigate future risks associated with the booms and busts of the commodity cycle.

Central banks drive Africas recovery

Central banks drive Africa's recovery

October 1, 2013

Africa’s underdeveloped economies and financial sectors have proved a barrier for central banks implementing monetary policy and prudential regulation. But recent years have seen significant progress, thanks in no small part to central banks’ growing independence from governments.

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