The inauguration last month of a new Central Bank of Nigeria governor who promises to open up the banking sector and encourage foreign investment bodes well.
Lamido Sansui, formerly chief of Nigeria's biggest bank, First Bank of Nigeria, replaced long-time governor Chukwuma Soludo. He has vowed to break with his predecessor's aversion to foreign ownership by encouraging international banks to make acquisitions as part of a wider plan to boost confidence in the financial system.
