Is the African renaissance for real? Or will development hopes again be dashed? Nigerian president Umaru Musa Yar’Adua makes the positive case.
South African banks remain dominant as Nigeria’s programme of capitalisation starts to bear fruit.
Primary and secondary Nigerian government bond markets are undergoing structural change with bond indices serving as economic benchmarks. Nick Kochan and Dapo Olagunjo explain.
Pension reforms are expected to transform the lives of Nigerians but capital markets need to be transformed to cope with the accumulation of liquidity created as a result. Nick Kochan reports.
Ndi Okereke-Onyiuke, director-general of the Nigerian Stock Exchange, tells Nick Kochan of her mission to convince local businesses to float their firms publicly.
The number of players in Nigeria’s banking sector is falling again as a desire to maintain a top 10 listing, as well as a nationwide presence, pushes a new wave of mergers, writes Nick Kochan.
Nigerian banks know that expanding branch networks and introducing new technology requires a skilled workforce. Nick Kochan reports on staff training efforts.
Banking consolidation has given Nigerian banks the headache of integrating a variety of disparate technological systems onto single platforms. Nick Kochan reports.
High prices and new finds mean Nigeria’s dependence on hydrocarbon exports will go on, albeit with a greater emphasis on in-house refining. John McCarthy reports.
The government is taking steps to address the lack of funding available to micro, small and medium-sized businesses. John McCarthy reports.
Aigboje Aig-Imoukhuede, CEO of Access Bank, tells The Banker of his plans for a top five Nigerian listing by 2010 and his vision of establishing a pan-African presence.
Nigeria’s retail environment is developing fast, says Nick Kochan, but further growth is hampered by the absence of a credit checking system and a national ID card.
Nigerian banks are beginning to realise that they can build their customer bases and raise efficiency by participating in mobile banking, says Wendy Atkins.
Bank consolidation continues and capital adequacy has improved but what is needed in the sector is a new culture that will attract new customers to boost the bottom line. Nick Kochan reports.
Over the past decade, a quiet revolution has occurred in the country’s capital market. John McCarthy reports.
Economic growth continues but so do political tensions. Much of Nigeria’s future depends on the outcome of the next presidential elections and the continuation of wide-ranging reforms, writes John McCarthy.
Chukwuma Soludo, governor of the Central Bank of Nigeria, tells James Eedes of a bold plan to raise $1bn for his brainchild – the Africa Financing Corporation.
Economic reform is transforming Nigeria, not least in the banking sector, but will the programme survive a change of government? Neil Tyler reports.
The departure of a leading reformer has left question marks over further good governance progress and is adding uncertainty to the chaotic preparations for Nigeria’s presidential elections next year. James Eedes writes.
With a fourth consecutive year of global economic growth a real prospect, The Banker heralds the world’s best central bank governors who are standing up to their more profligate political masters and forcing through the still-necessary reforms.